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EURUSD July Opening Range Play- Shorts Favored Sub 1.37

Talking Points EURUSD testing near-term support Broader outlook bearish sub-1.37 Event risk on from US & Germany this week EURUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook Broader EURUSD key reversal off May high remains in focus Reversal at key resistance last week - Daily Read More →

USDOLLAR Remains Capped by Former Support- USD/CAD Threatens Range

Talking Points: - USDOLLAR Remains Capped by Former Support Ahead of FOMC Minutes - AUD/USD Holds Near-Term Support; Australia Employment in Focus - USD/CAD Range in Focus Ahead of Bank of Canada (BoC) Meeting Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10422.51 10441.33 10422.24 -0.05 62.33% USDOLLAR(Ticker: USDollar): Dow Read More →

Why are Current Forex Market Conditions Ideal for Many Traders?

- Forex volatility is near record lows, conditions point to tight trading ranges - Technical conditions favor US Dollar strength going forward - Where are the trades for the USD? The US Dollar looks set to stick to tight ranges versus the Euro, Read More →

Strong June US NFPs Boost Technical Conditions for US Dollar Rally

Talking Points: - US NFPs +288K, UR to 6.1% - USDOLLAR breaks June downtrend. - AUDUSD, EURUSD more vulnerable than GBPUSD, USDJPY. - July forex seasonals in QE era still working against greenback, however. Strong US labor data has set the pre-conditions necessary for Read More →

Gold and Silver Slip, Palladium Breaks Out To Highest Level Since 2001

Talking Points Silver slips as US Dollar recovers ground in Asian trade Palladium breaks out as production concerns linger Crude oil crumbles as Middle East supply fears fade Gold and silver are losing ground in late Asian trading today (-0.49 percent and -0.99 percent Read More →

Weekly Trading Forecast: Buying the Oversold Dollar

Article summary: The Dollar fell to fresh yearly lows but quickly bounced. Why might it continue higher, and which are the currency pairs to watch? US Dollar Fails to Break Despite Stellar NFPs. Where are the Trades? The Dollar tumbled to fresh Read More →