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NZDUSD Poised for Bullish Breakout as RBNZ Looks to Normalize

- Reserve Bank of New Zealand to Preserve Current Policy - RBNZ Governor Stephen Poloz to Speak at 17:05; Testimony at 21:10 Trading the News: Reserve Bank of New Zealand Interest Rate Decision The Reserve Bank of New Zealand (RBNZ) is widely expected Read More →

USD at Key Juncture, GBP to Extend Rally on Less-Dovish BoE

- USDOLLAR Presses Fresh Monthly Lows; Threatens Bullish Trend - British Pound to Consolidate Ahead of Bank of England (BoE) Testimony Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10670.06 10712.54 10662.89 -0.25 101.59% USDOLLAR 30-Minute Chart - Created Using FXCM Marketscope 2.0 Break below 61.8 percent Fib retracement Read More →

A Change in USD/JPY Risk Correlation Gives USDollar Some New Moves

USDollar index rises on Obama comments and other risk positive stories The index still declined on positive Aussie and Pound stories S&P correlations surprise usual expectations Want to trade with proprietary strategies developed by FXCM? Find out how here. A look back at the Read More →

Forex: Aussie Dollar Corrects Lower, Pound My Rise on Claims Data

Talking Points Aussie, NZ Dollars Correct Lower After Yesterday’s Strong Showing British Pound May Rise as Jobless Claims Drop Boosts BOE Outlook S&P 500 Futures Hint Sentiment-Linked Assets May Correct Lower The Australian and New Zealand Dollars underperformed in otherwise quiet overnight night, sliding Read More →

Forex: British Employment Data Could Decide GBPUSD’s Fate at 1.5750

Talking Points: Dollar Break Finding Limited Follow Through on Equity Rally British Pound: Employment Data Could Decide GBPUSD’s Fate at 1.5750 Japanese Yen Crosses Post Clean Technical Breakouts but Conditions Flimsy Dollar Break Finding Limited Follow Through on Equity Rally The S&P 500 extended its Read More →

GBP Eyes Fresh High as U.K. Jobless Claims Set to Fall Further

- U.K. Jobless Claims to Decline for Tenth-Consecutive Month - ILO Unemployment Rate to Hold at 7.8% for Fifth Month Trading the News: U.K. Jobless Claims Change U.K. Jobless Claims are projected to contract another 21.0K in August and the ongoing improvement in Read More →