FX News

Monetary policy is at the forefront for financial markets as all eyes turn to minutes from July’s BOE policy meeting and Congressional testimony from Ben Bernanke. Talking Points US Dollar to Fall if Bernanke Testimony Cools QE “Taper” Speculation British Pound Looks to Read More →

Dollar or S&P 500 – One to Reverse if Fed Mentions Taper Euro: Trouble Grows as Portugal 2014 GDP Forecast Slashed British Pound Traders Focus on BoE Minutes, Jobs Data Canadian Dollar Set for its First BoC Decision Under New Leadership Japanese Yen: Policy Read More →

The expectation of return versus the fear of loss is the foundation of every trading decision that is made in the market. This is as natural a cycle of human behavior as can be found. However, like all systems, this Read More →

USDCHF Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCHF Correction Underway- Broader bias remains weighted to the topside Scalp Bias bearish below 9513-9530 (near-term) Interim support 9400- Long-standing pivot in price action dating back to 2012 Support range objective 9360- 9368 (note 200DMA Read More →

THE TAKEAWAY: US June CPI accelerates to +1.8%, higher than the expected +1.6%> RBA Minutes reiterate that the policy stance is appropriate The evident theme today is dollar weakness. The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) falls -58 (-0.53%) to Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10818.64 10887.58 10812.6 -0.54 102.61% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.54 percent lower from the open despite the slew of positive data coming out of the Read More →