Menu

FX News

EUR/USD Risks Larger Decline on Failure to Close Above 1.3800

Talking Points: - USDOLLAR Risks Inside Day (Harami)- April Opening Range in Focus - EUR/USD Continues to Test 1.3800 Ahead of ECB Meeting Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10525.53 10536.92 10512.29 0.03 67.06% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 May Post Bullish Inside-Day, But Read More →

GBPJPY Long Scalps Favored into April Opening Range- 172.60 in Focus

Talking Points GBPJPY topside bias in play heading into April Monthly/Weekly opening ranges taking shape below near-term resistance Longs scalps favored above 171 GBPJPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPJPY holding within confines of Andrew’s pitchfork dating June 2012- constructive April Opening Range Read More →

AUD/USD and EUR/AUD Ranges Offer Trades for Bulls and Bears

Talking Points: - RBA knocks back AUD with lack of hawkish commentary. - AUDUSD and EURAUD may see short-term corrections. - Daily forex economic calendar capped off with "high" US event risk. To keep up with developments central banks and their policy changes, be Read More →

April Forex Seasonality Favors US Dollar Weakness – Against Whom?

Talking Points: - April has been the worst month of the year for the US Dollar the past 5 years. - British Pound, Australian Dollar could be leaders. - Don’t discount Canadian Dollar rebound – or gains in the S&P 500. See the full Read More →

Gold and Silver May Continue Slide On Positive US Manufacturing Data

Talking Points Crude oil and copper look to upcoming US manufacturing data to fuel fresh gains Gold vulnerable to further declines as traders move towards yield-plays Copper may be poised to extend advance above $3.00 based on technical readings Gold is treading water in Read More →

Dollar Waylaid by Risk Pressure, Yellen Commentary

Talking Points: Dollar Waylaid by Risk Pressure, Yellen Commentary Japanese Yen: A Tax Hike Adds Pressure to Economic, Inflation Outlook Euro Unfazed by Further Drop In Inflation Measures Dollar Waylaid by Risk Pressure, Yellen Commentary The Dow Jones FXCM Dollar Index (ticker = USDollar) shows Read More →