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Bearish USD Setup Remains in Play; EUR/AUD Risks Lower-Low on ECB

Talking Points: - USDOLLAR Slips to Fresh 2014 Low as ISM Manufacturing Disappoints - AUD/USD Breaks Out Following Neutral RBA; 0.9500-20 Up Next - EUR/AUD Eyes June Low (1.4358) Ahead of ECB Meeting Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10372.6 10396.41 10365.18 -0.14 99.36% USDOLLAR(Ticker: USDollar): Downside targets Read More →

GBP/USD Breakouts Out, GBP/CHF Next – EUR/USD Jumpy Pre-ECB, NFPs

Talking Points: - GBP-crosses starting to breakout - EURGBP, GBPCHF next? - EURUSD nears 1.3700 before ECBs, US NFPs on Thursday. - See the DailyFX Economic Calendar for Thursday, June 26, 2014. No summer slowdown is in sight for the UK economy, and the Read More →

Aussie Dollar Gains After Flat RBA Outcome, China Data May Be Trigger

Talking Points: Aussie Dollar Gains After Flat RBA Outcome, China Data a Possible Trigger German Jobs, Eurozone and UK PMIs May Not Drive EUR & GBP Volatility US Dollar Looking for a Lifeline in Upbeat ISM Print’s Impact on Fed Bets The Australian Dollar Read More →

Dollar Positioned Above Critical Support

Talking Points: Dollar Positioned Above Critical Support Euro Wins Break Versus Dollar, Appetite More Speculative British Pound Scales Highest Level Since 2008 Dollar Positioned Above Critical Support There were a few high profile technical breaks against the US Dollar through the opening trading session of Read More →

AUD-USD-Risks-Fresh-2014-Highs-on-Less-Dovish-RBA-Policy-Statement

- Reserve Bank of Australia (RBA) to Keep Benchmark Rate at 2.50%. - RBA to Preserve Current Policy for the Eighth Consecutive Meeting. Trading the News: Reserve Bank of Australia Interest Rate Decision Even though the Reserve Bank of Australia (RBA) is widely Read More →

AUD/JPY Holds Support Ahead of RBA- GBP/USD Carving Higher-High?

Talking Points: - USDOLLAR Carving Lower-Low Going Into End of Month/Quarter - Bullish GBP/USD Outlook Remains Favorable for July - AUD/JPY Holds Near-Term Support; Will RBA Toughen Verbal Intervention? Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10385.07 10420.9 10383.42 -0.22 112.95% USDOLLAR(Ticker: USDollar): Dow Jones-FXCM U.S. Dollar Index continues Read More →