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Fading USD Bounces- AUD Remains at Risk for Lower Low

Talking Points: - USDOLLAR Pares Decline as Congress Draws Up Budget Deal - Australian Dollar at Risk for Further Losses on Slowing Job Growth Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10593.06 10614.91 10575.64 0.14 88.13% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Seems a Lower High Read More →

NZDUSD to Breakout on RBNZ Rate Hike Timeline

- Reserve Bank of New Zealand Sees Rate Hike in 2014; More Verbal Intervention? - RBNZ Governor Stephen Poloz to Speak at 15:05 & 19:10 EST Trading the News: Reserve Bank of New Zealand Interest Rate Decision The Reserve Bank of New Zealand’s Read More →

Yen Pairs Engaged in Countertrend Moves – Buy the Dip in GBP/JPY?

Talking Points: - No data of real significance out in Europe today. - No data of real significance out in North America today. - Key event risk arrives at 20:00 GMT with RBNZ Rate Decision. To keep up with the European data and news Read More →

Forex: Yen Gains, Aussie and Kiwi Dollars Fall on Fed Taper Speculation

Talking Points: Yen Gains as Australian, Kiwi Dollars Follow Stocks Lower in Asia Overnight Risk Aversion May Reflect Fed QE “Taper” Speculation Euro Looks to German CPI Revision to Guide ECB Policy Outlook Get Real-Time Feedback on Your Trades with DailyFX on Demand! The Japanese Read More →

Forex: Dollar Drops but Trend Hopes are Fleeting

Talking Points: Dollar Drops but Trend Hopes are Fleeting Euro Rally Against Dollar Longest in a Year Yen Cross Slip, But Reconsider Reversal Calls Dollar Drops but Trend Hopes are Fleeting The Dow Jones FXCM Dollar Index (ticker = USDollar) finally cleared its 70-point range Read More →

Scalping the AUDUSD Correction- Longs Favored Above 9060

Talking Points AUDUSD setup targets topside correction Looking to buy dips/breaks of resistance into 9200, while above 9060/70 Event risk out of Australia on Wednesday & US on Thursday AUDUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDUSD trading within confines of well-defined descending Read More →