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Dollar Retreats to Critical Support, Awaiting Fundamental Ignition

Dollar Retreats to Critical Support, Awaiting Fundamental Ignition Euro Finds Limited Reassurance from Portugal Resolution Japanese Yen Slides, Nikkei 225 Climbs after Election Results British Pound Wins GBPUSD Breakout, Crosses May Wait for GDP Australian Dollar Traders Will Renew Rate Speculation on 2Q CPI Read More →

GBPUSD Long Scalp Bias at Risk Ahead of GDP- 15280 Key Support

Forex_GBPUSD_Long_Scalp_Bias_at_Risk_Ahead_of_GDP-_15280_Key_Support_body_Picture_2.png, GBPUSD Long Scalp Bias at Risk Ahead of GDP- 15280 Key Support
Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPUSD Correction Underway- Broader bias remains weighted to the Downside Break above resistance region Read More →

Dollar Correction Continues; Dollar Index Breaks July Low

THE TAKEAWAY: Dollar Index drops to its lowest level since June 27 > US Existing Home Sales (MoM) (JUN) deflate in June—misses expectations The USD is decisively lower after a large miss in US Existing Home Sales data: -1.2% m/m June Read More →

USD Correction Continues to Pan Out- JPY Forms Bearish Trend

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10768.88 10826.7 10752.72 -0.60 100.45% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.60 percent lower from the open as U.S. Existing Home Sales slipped 1.2% in June amid Read More →

One Key Reason Dollar May Head Lower

Article Summary: The US Dollar has started the week lower, and we see one key reason the US currency could continue to fresh lows versus the Euro and other major forex counterparts. DailyFX PLUS System Trading Signals – This US Dollar Read More →

Japanese Elections Pave Way for Choppy Trade this Week amid Light Calendar

This week best exemplifies the notion of ‘the dog days of summer’: there are only six events ranked as “high” on the DailyFX Economic Calendar; and there are nearly half as many total events on the docket this week compared Read More →