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What Levels Would Yield EUR Rally? Watch this EUR/USD EMA

Talking Points: - EURUSD has been tracking daily 13-EMA, now at 1.2925/30. - EURAUD 8-EMA support pushes it towards apex of consolidation. - See the DailyFX Euro Economic Calendar for the week of September 21, 2014. Euro-Zone economic data came out roundly weaker than Read More →

Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

Talking Points: Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric British Pound Tops Majors’ Performance as Focus Returns to BoE Euro Pressure Remains as Consumer Confidence Falls, Draghi Commits to Stimulus Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric While Fed rate speculation Read More →

Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

Talking Points: Euro May Prove Most Responsive to Better-Than-Expected Sep. PMI Results Aussie Dollar Outperformed Following Upbeat Chinese PMI Print Overnight NZ Dollar Sold on Fading RBNZ Rate Hike Bets, Dairy Exports Expectations September’s preliminary set of Eurozone PMI figures headlines the economic calendar Read More →

Crude Oil Recovers On China PMI Beat, Gold Firmer Ahead Of US Data

Talking Points Gold and Silver Reclaim Lost Ground As The US Dollar Falters Copper And Crude Oil Bolstered By Chinese Manufacturing Beat Platinum Eyeing The 1,314 Floor Following A Slide Under 1,360 The precious metals have managed to recover some lost ground in Asian Read More →

GBPAUD Rally Stalls at Key Resistance – Long Scalps at Risk Sub 1.8444

Talking Points GBPAUD September opening range break keeps long bias in focus Key resistance in view- long scalps at risk Event risk on tap this week GBP/AUD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPAUD Testing key resistance range 1.8392 – 1.8433- bearish invalidation Breach Read More →

EUR/USD Downside Targets in Focus- AUD/USD Eyes Key Fib Retracement

Talking Points: - EUR/USD Slips to Fresh Monthly Low (1.2820) as ECB President Draghi Reiterates Dovish Tone - AUD/USD Eyes 78.6% Retracement of 2014 Range Ahead of China PMI, RBA Rhetoric - Bullish USDOLLAR Setup Remains in Play Even as Fed’s William Dudley Read More →