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Forex: US Dollar, Major Currencies Look to Yellen Testimony for Direction

Talking Points: Empty European Economic Calendar Puts the Spotlight on Yellen Testimony Aussie and Kiwi Dollars May Advance on Hints of a Fed Guidance Change US Dollar to Rise if Yellen Favors “Tapering” QE Without Offsetting Policy An empty European data docket clears the Read More →

USD Outlook to Be Undermined by Dovish Twist to Fed Forward Guidance

- First Humphrey-Hawkins Testimony With Fed Chairwoman Janet Yellen - Will Also Speak to Senate Banking Committee on Thursday, February 13, 2014 Trading the News: Fed Humphrey-Hawkins Testimony The Humphrey-Hawkins Testimony with Fed Chair Janet Yellen may heavily influence USD price action in Read More →

Dollar: When will the Market Start Pricing in the First Fed Hike?

Dollar: When will the Market Start Pricing in the First Fed Hike? The Dow Jones FXCM Dollar Index (ticker = USDollar) only lost modest ground to open the new week, but that didn’t prevent the benchmark from closing out its sixth Read More →

Gold Breaks $1270 With Dollar Weakness Ahead of Yellen Testimony

Talking Points Gold Breaks $1,270 Resistance Level Amidst Broad US Dollar Weakness Dovish Yellen Testimony May Fuel Further Gains For Precious Metals Copper Bearish Technical Bias Retained As Falls Resume Post Correction Gold has broken above critical resistance at $1,270 to close at the Read More →

GBPNZD Scalps Target Opening Range- Higher Low in Place?

Talking Points GBPNZD heading into near-term support Weekly opening range in focus- Key near-term support 1.9650 Broader outlook bullish above 1.9460 Event risk on tap from UK & New Zealand this week GBPNZD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPNZD testing near-term support Weekly opening Read More →

USDOLLAR to Threaten 2014 Range on Dovish Fed- USDJPY Eyes 100.00

Talking Points: - USDOLLAR Outlook Hinges on Fed Testimony; January Low (10,619) in Focus - Japanese Yen Benefits from Risk Aversion; Lower High in Place? Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10641.63 10656.39 10638.45 -0.03 47.15% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 2014 Range in Read More →