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AUD/USD RSI Flirts with Oversold Territory- Downside Targets Favored

Talking Points: - AUD/USD Fails to Push Above Former Support; H&S Pattern Takes Shape - NZD/USD Downside Targets Remain Favored as RBNZ Retains Verbal Intervention - USDOLLAR Holds Previous Day’s Range Ahead of Retail Sales, U. of Michigan Confidence For more updates, sign up Read More →

EUR/USD at Key EMA in Recent Breakdown, AUD/USD Fails at Pivot Retest

Talking Points: - EURUSD has turned at H4 34-EMA two times since August 27. - AUDUSD retraced to break level but was rejected - good for shorts. - Euro Punished by ECB’s New Measures as QE Remains on Hold The EURUSD breakdown has respected Read More →

Commodity Dollars Broadly Decline as Risk Appetite Comes Undone

Talking Points: Commodity Dollars Face Heavy Selling Pressure as Risk Appetite Unravels S&P 500 Futures Point Toward Continued Risk Aversion in the Cards Ahead See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar underperformed in Asian trade Read More →

Crude Oil, Natural Gas Vulnerable As Supply Glut Concerns Persist

Talking Points Crude Oil Extends Declines As Supply Glut Concerns Linger Silver Cracks Critical 19.00 Floor Casting The Spotlight On 18.50 Natural Gas Braces For Volatility Ahead of Upcoming Storage Data Most major commodities have managed to regain their footing in Asian trading today Read More →

AUD/USD to Face Larger Rebound on Upbeat Employment Report

- Australia Employment Expected to Increase for Sixth Time in 2014. - Jobless Rate of 6.3% Would Mark Second-Highest Reading for 2014. For more updates, sign up for David's e-mail distribution list. Trading the News: Australia Employment Change The AUD/USD may face a larger Read More →

How Far could British Pound Go on Scotland Vote – Pricing Risk

- British Pound at its most oversold territory since height of financial crisis - FX traders positioned for the worst, but how far can the GBPUSD actually go? - We view odds and qualitatively measure risks below Traders are aggressively selling the GBP Read More →