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Forex: Dollar Advances Despite Tempered Growth as Rate Outlook Builds

Talking Points: Dollar Advances Despite Tempered Growth as Rate Outlook Builds Euro Drops on Lending Data, Inflation Data to Draws ECB Attention Yen Crosses Try to Recover as Risk Lingers, Data Weighs QE Need Dollar Advances Despite Tempered Growth as Rate Outlook Builds Despite a Read More →

USDCHF Defends January Range Low- Scalp Bias Bullish Above 90

Talking Points USDCHF focus shifts higher after rebounding off support/weekly opening range breach Scalp bias bullish above the 90-figure, Broader outlook constructive above 8935- bullish invalidation USDCHF Daily Chart Chart Created Using FXCM Marketscope 2.0 Broader Technical Outlook USDCHF Breaks weekly ORH after rebounding off the 61.8% Read More →

Indian Rupee to Strengthen as Reserve Bank of India Tackles Inflation

Talking Points: -The Rupee remains well-supported despite emerging market turmoil -The Reserve Bank of India has started 2014 with bold forward guidance -Emerging market currencies are falling, but the Rupee may outperform In light of recent emerging market turmoil, we think it is important Read More →

Graphic Rewind: Dollar Slowly Moves Higher as Fed Announcement Sinks In

Talking Points: US Dollar slowly rallies following the taper announcement Greenback index whips around a bit on the US GDP release A look back at the past 24 hours of Forex trading using movements in the US Dollar Index: US Dollar 15-Minute 12:00 01/29 Read More →

USDOLLAR Preserves Bullish Trend for February- EUR Eyes Lower Low

Talking Points: - USDOLLAR Maintains Bullish Trend Following $10B Taper, 4Q GDP - Euro at Risk for Further Weakness on Dovish ECB- Lower Low Ahead? Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10684.31 10701.95 10663.67 0.15 92.67% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Retains Bullish Trend- Read More →

JPY-Crosses Begin Consolidating into Triangles – Breakouts Looming

Talking Points: - European currencies respond to FOMC, trade low versus US Dollar. - Concerted action by various emerging market central banks doing little. - Lots of choppy charts – market is fighting for direction. To keep up with the European data and news Read More →