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Forex: US Dollar, Japanese Yen Brace for Volatility on Payrolls Data

Talking Points: US Dollar to Find Support on an Upbeat Nonfarm Payrolls Print Yen May Rise if Fed QE Cutback Outlook Spooks Risk Sentiment New Zealand Dollar Outperforms in Otherwise Quiet Asian Trade All eyes are on March’s US Employment report in the final Read More →

AUDNZD Approaches Key Inflection Point- 1.0825 Make or Break

Talking Points AUDNZD rally at risk below key resistance threshold Immediate scalp bias against 1.0825 Playing the trendlines above the March High AUDNZD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDNZD at key resistance threshold 1.0817/28 / March 2013TL resistance Key support 1.0738/46& 1.0645- bullish Read More →

AUD/USD Carves Top at Former Support- Waiting for Break of 0.9200

Talking Points: - USDOLLAR Threatens Bearish RSI Momentum Ahead of NFPs - AUD/USD Sets Monthly High; Looking for Break & Close Below 0.9200 Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10569.84 10572.6 10542.56 0.25 85.14% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Eyes Former Support/Trendline Resistance Following Read More →

Gold Price Supported Above Producer Break-Even Levels?

Gold Price Bars Image
Talking Points: -Historical price action says producer break-even levels serve as an informal gold price floor. -Although QE3 is set to end by the end of the year, will central banks globally Read More →

Silver Prices to Go for a Ride with ECB, NFPs Next Two Days

Silver Prices Bar
Talking Points: - Precious metals’ sensitivity to yield environment will be on full display. - ECB offers direct implications on monetary policy; NFP offers indirect consequences. - Best case for Silver prices: new liquidity Read More →

Two Setups to Watch for ECB in EUR/AUD and EUR/USD

Talking Points: - Euro coiled like a tight spring ready to release its energy. - EURAUD and EURUSD offer actionable trades in either direction. - Join me at 11:30 GMT for live coverage of the ECB rate decision. To keep up with developments central Read More →