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AUD/USD and GBP/USD Break Higher as Post-NFP Dollar Turmoil Continues

Talking Points: - GBPUSD responds to July-March uptrend, needs 1.6750. - AUDUSD bull flag engaged, calls for move above 0.9500. - North American forex economic calendar light on Tuesday. To keep up with developments central banks and their policy changes, be sure to sign Read More →

Gold Knocks On $1,310 While Crude Oil Breakout Looks Imminent

Talking Points Gold extends gains following a break above $1,300 as the US Dollar weakens Crude oil consolidation looks set to break based on technical readings Dovish “Fed speak” may weigh on the USD and bolster the precious metals Gold is knocking on the Read More →

Forex: US Dollar Hoping for a Lifeline in Pro-Taper Fed Commentary

Talking Points: NZ Dollar Continued to Correct Higher, Yen Ignored the BOJ Overnight Pound, Franc Unlikely to Move on Industrial Production and Jobs Data US Dollar May Find Renewed Support in Taper-Supportive “Fed-Speak” The New Zealand Dollar continued to correct higher for a second Read More →

EUR/USD: European April Inflation to Spark QE Speculation?

EUR/USD ECB April Inflation
Talking Points: -EUR/USD at risk if ECB ‘QE’ speculation picks up on weak inflation data. -European Central Bank members are upbeat, confident in better April data, but why? -Draghi, Constancio ‘surprised’ by poor Read More →

Economic Calendar: Chinese Inflation, BoJ to Stir Forex Volatility

Forex economic calendar events outlook
Talking Points: -After Friday’s major selloff, crucial to watch action in yields/equities. -BoJ likely waiting for incoming data post-sales tax hike. -Sentiment on lower Chinese inflation could shift in the coming months. Bank Read More →

Gold and Silver Struggling Near Key Resistance Post NFP Jump

Talking Points Gold vaults above $1,300 following disappointing US jobs report Copper and Crude oil exposed to souring investor sentiment Silver fails to break key $20.00 level as downtrend remains intact Gold and silver prices jumped after Friday’s critical US Non-Farm Payrolls report came Read More →