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Bearish EUR/USD Outlook Favored Below Former Support on ECB Policy

Talking Points: - USDOLLAR Eyes Former Support; Non-Farm Payrolls to Climb 219K - EUR/USD Coming Up Against Former Support Ahead of ECB Rate Decision - USD/CAD Fails to Break Out Despite Weak Canada 1Q GDP; BoC Meeting in Focus The Dow Jones-FXCM U.S. Dollar Read More →

USD/CAD to Breakout of Bearish Trend on Dismal Canada 1Q GDP

- Canada GDP to Slip Below 2% for First Time Since 4Q 2012. - 2013 4Q GDP of 2.9% Marked the Fastest Face of Growth Since 3Q 2011. Trading the News: Canada Gross Domestic Product (GDP) Canada’s 1Q GDP report may spur a Read More →

Dollar Run Stalls Between Rate Hike Talk and Equity Rally

Talking Points: Dollar Run Stalls Between Rate Hike Talk and Equity Rally Euro Traders Start Plotting Out Your ECB Scenarios Japanese Yen: Expectations and Hopes for More QE Dropping Fast Dollar Run Stalls Between Rate Hike Talk and Equity Rally The dollar’s ambitious rally Wednesday Read More →

USD/JPY at Risk for Lower Low on Japan CPI- 100.50 in Focus

Talking Points: - USDOLLAR at Risk of Carving Lower High Amid Bearish RSI Break - USD/JPY Dips Back Below 101.50 Ahead of Japan CPI - USD/CAD Downward Trend in Focus Ahead of Canada 1Q GDP The near-term advance in the Dow Jones-FXCM U.S. Dollar Read More →

Trade Levels and Opportunities in EUR/USD, USDOLLAR around US GDP

Talking Points: - USDOLLAR back to pivotal level from April and May at 10495. - EURUSD rebound gathers pace above former pivot, 1.3645. - Forex economic calendar stuffed with US event risk next two days. Although FX market volatility is uncomfortably low for breakout Read More →

U.S. 1Q GDP to Trigger EUR/USD Rebound as Economy Contracts

- U.S. GDP to Contract for First Time Since 1Q 2011 - Personal Consumption to Increase More Than 3% for Second Straight Quarter Trading the News: U.S. Gross Domestic Product (GDP) The preliminary U.S. 1Q GDP report may spur a near-term rebound in Read More →