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British Pound May Be Squeezed Higher After BOE Meeting Minutes

Talking Points: British Pound Volatility Risk Skewed to the Upside Before August BOE Minutes US Dollar Outperformed Overnight as Upbeat Data Fueled Fed Rate Hike Bets See Economic Data Results Directly on Your Charts with the DailyFX News App The release of minutes from Read More →

AUDJPY Targets Key Resistance – Shorts Favored Sub 96.00

Talking Points AUDJPY challenging key resistance / August high Near-term scalp bias bearish sub-96.00 Event risk on tap heading into next week AUDJPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDJPY targets key resistance / monthly opening range high 95.81/90- bearish invalidation Breach targets resistance Read More →

EUR/USD Descending Triangle in Play- USD/JPY Threatens Resistance

Talking Points: - EUR/USD Risks Break Below 1.3300 as Descending Triangle Remains in Play - USD/JPY Needs Close Above 102.80-90 Resistance to Favor Topside Targets - USDOLLAR Clears 10,590 Pivot as Housing Starts, Building Permits Beat Forecast Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Read More →

Next GBP Downturn Ready as ST Oversold Readings Cleared after CPI

Talking Points: - GBPUSD seen weak below 1.6656 into 1.6555. - GBPJPY has best reversal potential if at all. - Have a bullish (or bearish) bias on the British Pound, but don’t know which pair to use? Use a GBP currency basket. The British Read More →

Crude Sees Corrective Bounce, Gold At Risk As Ukraine Concerns Fade

Talking Points Crude Oil Sees Corrective Bounce, Sustained Recovery Questionable Gold, Silver Remain Vulnerable To Fading Geopolitical Fears Palladium Retreats From 13 Year High After Hitting Key Technical Level Crude oil is recovering ground during the Asian session as traders likely book profits on Read More →

Pound May Fall on Soft CPI Data But Follow-Through Could Be Lacking

Talking Points: Pound May Decline on Soft UK CPI But Follow-Though May Be Lacking NZ Dollar Swoons as Weak 2Q PPI Data Dents RBNZ Rate Hike Outlook Aussie Dollar Gains on Risk Appetite Swell After Status-Quo RBA Minutes UK CPI figures headline the economic Read More →