FX News

US Dollar Turn Can Forge Trend on Fed Decision, NFPs, 2Q GDP There was little in the backdrop that should have meaningfully bolstered the US Dollar. Interest rate expectations measured through yields and Fed Fund futures were stagnant. USDJPY Rallies to Multi-Week Read More →

Talking Points EURAUD vulnerable for correction higher heading into August Building momentum divergence at key support Updated targets & invalidation levels EURAUD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURAUD Completing Head & Shoulders Objectives Support at 1.4216, 1.4140/66- bullish invalidation Resistance objectives 1.44, 1.4593, 1.4733/50 Daily Read More →

Talking Points: - GBP/USD Searches for Support Ahead of U.K. 2Q Gross Domestic Product (GDP) - USD/JPY Comes Up Against Resistance Ahead of Japan’s Consumer Price Index (CPI) - USDOLLAR Turns Around Ahead of 10,470 Pivot as New Home Sales Disappoint Index Last High Low Daily Change (%) Daily Read More →

Talking Points: - Best PMI surveys out of Europe in three-months. - EURJPY, EURUSD see bullish engulfing candles on daily chart. - Reminder that July forex seasonals in QE era work against USD. The Euro may be poised for a short-term bounce against its Read More →

Talking Points Crude Oil, Gold Vulnerable As Traders Look Past Ukrainian Tensions Natural Gas Braces For Further Volatility Ahead Of Storage Change Data Copper Continues Its Climb As Chinese Manufacturing Data Beats Estimates Crude oil and gold may be at risk of a pullback Read More →

Talking Points: - GBP/USD Holds Near-Term Support Despite Unanimous BoE Vote - NZD/USD Outlook Hinges on Reserve Bank of New Zealand (RBNZ) Outlook - USDOLLAR Topping Process Remains in Focus; 10,470 in View Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10440.22 10452.06 10427.51 -0.08 93.50% GBP/USD: Slips to a Read More →