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GBP/USD at Risk for Larger Pullback on Slowing U.K. Inflation

- U.K. Consumer Price Index (CPI) to Narrow for Six Consecutive Month. - Core Inflation Unexpectedly Held Steady at 1.7% in February. Trading the News: U.K. Consumer Price Index Slowing inflation in the U.K. may spur a larger correction in the GBP/USD as Read More →

British Pound Bulls Fear Weaker Inflation Statistics

Talking Points: Dollar Bounces Along with Yields, CPI a Key Benchmark British Pound Bulls Fear Weaker Inflation Statistics Euro Takes Another Hit as ECB’s Threats Pick Up Intensity Dollar Bounces Along with Yields, CPI a Key Benchmark US equities may have put up a decent Read More →

Pound at Risk on Soft UK Inflation Data, Euro to Look Past ZEW Outcome

Talking Points: British Pound May Fall as Soft Inflation Data Erodes BOE Policy Bets Euro Unlikely to Find Lasting Volatility in German ZEW Survey Outcome US Dollar May Rise on QE “Taper” Continuity is CPI Tops Expectations The March set of UK inflation data Read More →

NZDUSD Weekly Opening Range Trade- Longs at Risk Sub 8700

Talking Points NZDUSD stalls at fresh multi-year highs Momentum divergence warns of possible exhaustion Weekly open taking shape above key support- break to validate scalp bias NZDUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook NZDUSD Fails to hold above initial April opening range high Read More →

USD/INR: Rupee to Weaken on Post-Crisis Trends, Higher Gold Prices

USD/INR News - Indian Rupee to Weaken on Higher Gold Prices
Talking Points: -Emerging market, Indian inflation seasonality is not in the Indian Rupee’s favor during 2Q. -Food inflation year-to-date is disconcerting in the context of Read More →

AUD/USD Remains Overbought, At Risk for Larger Pullback on Dovish RBA

Talking Points: - USDOLLAR Struggles to Hold Gain Despite Better-than-Expected Retail Sales. - AUD/USD Looks for Another Close Above 0.9400 Ahead of RBA Minutes. Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10435.47 10449.14 10426.86 0.10 65.49% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Risks Larger Correction After Read More →