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AUD/USD Fails to Clear Former Support- USD/CAD Higher-Low in Place?

Talking Points: - AUD/USD Fails to Push Above Former Support Ahead of RBA Minutes, Testimony - USD/CAD Slips to Fresh Monthly Low as Canada Employment Tops Forecast - USDOLLAR Holds Above Former Resistance Ahead of Fed Symposium Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Read More →

AUD/USD Fails to Clear Former Support- USD/CAD Higher-Low in Place?

Talking Points: - AUD/USD Fails to Push Above Former Support Ahead of RBA Minutes, Testimony - USD/CAD Slips to Fresh Monthly Low as Canada Employment Tops Forecast - USDOLLAR Holds Above Former Resistance Ahead of Fed Symposium Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Read More →

USDOLLAR Clears Resistance but for How Long?

Talking Points: - EURUSD back-to-back inverted hammers, inside days = coiling. - USDCAD could fall to 1.0815 support again. - August is a seasonally favorable month for the US Dollar in the QE era. The US Dollar has had a strong run over the Read More →

EUR/USD to Eye 1.3330 Support on Strong U. of Michigan Survey

- U. of Michigan Confidence Survey to Rebound Following Unexpected Decline in July. - Expected to Hold Above 80.0 for Ninth Consecutive Month. Trading the News: U. of Michigan Confidence A rebound in the U. of Michigan Confidence survey may generate a bullish Read More →

British Pound May Recover on Profit-Taking After 2Q UK GDP Report

Talking Points: British Pound May Turn Higher on Profit-Taking After 2Q UK GDP Data US Dollar Could Rise on Firming Fed Outlook if PPI Figures Outperform See Economic News Releases on Your Charts with the DailyFX News App A revised set of second-quarter UK Read More →

Gold Searches For Direction Ahead of US Data, Crude Oil Plummets

Talking Points Crude Plunges Despite Lack of Fresh Fundamental Catalysts Gold May Remain Elevated As Eastern European Tensions Linger Copper Left Vulnerable Following Break Of Key Support Level Crude oil plummeted on Thursday despite an absence of fresh fundamental catalysts, leaving the commodity at Read More →