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Graphic Rewind: Improved Economic Data Helps USD Reverse Losses to Sterling

Talking Points: Euro higher against the dollar on a German coalition deal As-expected UK GDP feeds into Pound strength US Dollar higher on better than expected data A look back at the past 24 hours of Forex trading using movements in the US Dollar Read More →

USDJPY to Target 102.50 on Stagnant Japanese Inflation

Talking Points: - USDOLLAR Remains Capped by Former Support; Carving Top? - USDJPY Clears 102.00 Ahead of Japan Consumer Price Index (CPI) Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10649.94 10649.94 10609.94 0.23 82.91% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 May Threaten Bullish Trend as Former Read More →

Momentum Gathering for GBP/USD as Breakout Eyed Above 1.6260, 1.6355

Talking Points: - UK GDP came in line with expectations at +0.8% (q/q) and +1.5% (y/y). - Short covering rally in British Pound – every other major suffers. - Implications for GBPUSD breakout are of high significance. To keep up with the European data Read More →

U.S. Durable Goods to Contract- Dollar Correction on Tap?

- U.S. Durable Goods Orders to Decline for First Time Since July 2013 - Demands for Durable Goods Increased Six Times in 2013 Trading the News: U.S. Durable Goods Orders Demands for U.S. Durable Goods are expected to contract 2.0% in October and Read More →

Forex: Euro Pops on German Coaltion Deal, Pound Eyeing GDP Data

Talking Points: Yen Falls as Soft US Data Dents QE Taper Bets, Durable Goods Ahead Euro Pops Higher as Germany’s CDU and SPD Reach Coalition Deal Pound Unlikely to Find Strength in Confirmation of Strong 3Q UK GDP Get Real-Time Feedback on Your Trades Read More →

Graphic Rewind: US Dollar Fails to Hold On at a 2-Month High

Talking Points: US Dollar fails to hold on at a two week high Disappointing consumer confidence knocks back greenback bullishness A look back at the past 24 hours of Forex trading using movements in the US Dollar Index: US Dollar 15-Minute 12:00 11/25 to Read More →