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Forex: US Dollar Looks for a Lifeline in FOMC Meeting Minutes

Talking Points: BOE Meeting Minutes, UK Jobless Claims in Focus in European Hours Pound Follow-Through Likely Limited on Priced-In Policy Expectations US Dollar May Rise as Fed Minutes Stress Commitment to Tapering QE The publication of minutes from February’s Bank of England monetary policy Read More →

GBP to Eye Fresh Highs as U.K. Jobless Claims Contract for 15-Months

- U.K. Jobless Claims to Decline for Fifteen-Consecutive Month - ILO Unemployment Rate to Hold at 7.1%- Lowest Since 2009 Trading the News: U.K. Jobless Claims Change The bullish sentiment surrounding the British Pound may gather pace over the next 24-hours of trading Read More →

Forex: Dollar Rebound Begins Slow, Looks to Risk and Taper for Fuel

Talking Points: Dollar Rebound Begins Slow, Looks to Risk and Taper for Fuel British Pound Tests Rate Forecast Again on Jobs Data Yen Crosses’ Climb Post BoJ Stalls Quickly Dollar Rebound Begins Slow, Looks to Risk and Taper for Fuel Having broken its oppressive 10-day Read More →

GBPAUD Weekly Range in Focus- Bullish Scalp Bias at Risk Sub 1.86

Talking Points GBPAUD testing interim resistance- Weekly opening range in focus Broader bias remains weighted to the topside Major event risk on tap from the UK GBPAUD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPAYD 1.86 resistance range in focus Breach/Close above targets objectives at Read More →

USDJPY at Risk for Larger Correction on Dovish FOMC Minutes

Talking Points: - USDOLLAR Volatility to Thin Ahead of FOMC Minutes - USDJPY Struggles to Hold Monthly High (102.73) Despite BoJ Easing Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10554.78 10579.00 10542.23 -0.02 97.78% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Watching Former Support Regions for New Read More →

GBP/USD Stunted by CPI, USD/JPY Clears First Hurdle after BoJ

Talking Points: - GBPUSD continues pullback from $1.6748, April 2011 high, 61.8% extension from July low. - USDJPY above triangle resistance after BoJ expands policies. - USDJPY still must clear ¥102.90 before bulls cleared. To keep up with developments central banks and their policy Read More →