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USDJPY Testing March Low Ahead of FOMC- Longs Favored Above 101.20

Talking Points USDJPY trading near support of well-defined range Weekly opening range in focus- break to offer conviction scalp bias Major event risk on tap from US this week USDJPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDJPY testing bottom of March range at Read More →

GBPUSD Tests Key Support; Price & RSI Retains Bullish Trend

Talking Points: - USDOLLAR Outlook Hinges on FOMC; ‘Qualitative’ Approach on Tap - GBPUSD Threatens Key Support Ahead of Budget Statement, BoE Minutes Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10504.59 10522.15 10504.43 -0.07 50.72% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Fails to Maintain March Opening Read More →

EUR/USD and USD/JPY Coil for Event-Driven Breaks

Talking Points: - USDJPY ranging ahead of FOMC - breakout due. - EURUSD holding near 1.3900 after German ZEW miss - read the weekly forecast. To keep up with developments central banks and their policy changes, be sure to sign up for my Read More →

EURUSD Retains Bull Trend as Dollar Risks More Losses on Slowing CPI

- U.S. Consumer Price Index to Slow for First Time in Four-Months - Core Inflation to Hold Steady at Annualized 1.6% Trading the News: U.S. Consumer Price Index A slowdown in the headline reading for U.S. inflation may prompt further declines in the Read More →

Gold and Silver Lose Lustre In Absence of Escalation In Eastern Europe

Talking Points Gold retreats to $1,360 as traders look past Ukrainian turmoil Crude oil dips as supply disruptions appear less likely Precious metals reaction to US CPI data may be muted with FOMC in focus Crude oil has resumed its downward trajectory alongside declines Read More →

Forex: Euro, US Dollar Volatility After ZEW and CPI Data May Be Muted

Talking Points: Euro May Not Find Volatility in Soft German ZEW Survey Data Set US Dollar Might Shrug Off Soft Headline CPI on Stable Core Print FX Markets to Struggle With Directional Conviction Before FOMC The March edition of Germany’s ZEW Survey of investor Read More →