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Draghi’s Dovish Reminder Keeps EUR/USD Downtrend Intact

Talking Points: - EUR/USD turns back from daily 8-EMA. - Draghi's comments reminiscent of "whatever it takes" in July 2012. - See the November forex seasonality report that forecasts US Dollar strength. We're almost fully through a week dotted with central bank events, culminating Read More →

USD/CAD to Threaten Monthly High on Soft Canada CPI Report

- Canada’s Headline Consumer Price Index (CPI) to Hold Steady at Annualized 1.0% for Second-Month. - Core Rate of Inflation to Slow to 2.0%- Lowest Reading Since July 2014. For more updates, sign up for David's e-mail distribution list. Trading the News: Canada Read More →

Euro Looks to ECB Comments to Inform QE Expansion Bets

Talking Points: Euro Eyeing ECB Comments to Inform QE Expansion Probability, Mechanics New Zealand Dollar Gains After Yields Jump at 2027 Government Bond Sale See Economic Releases Directly on Your Charts with the DailyFX News App A quiet data docket through the end of Read More →

Commodities Bounce as USD Unwinds though Copper Pressured by Glut

Talking Points: Gold climbed higher as arbitrage window closes on Fed rate rise Oil edged up before contract expiry, global glut persists albeit demand by refiners Solid supply retains pressure on copper prices Goldcontinued to climb after yesterday’s pick-up, as position adjustments took over Read More →

EUR/CAD Rebound Eyes 1.4340 Hurdle

Talking Points EURCAD rebound posts outside day off support– Long scalps favored Updated targets & invalidation levels Event Risk on Tap This Week EURCAD Daily Chart Created Using FXCM Marketscope 2.0 Broader Technical Outlook EURCAD rebounds off June high / posts outside day- bullish Interim resistance at the Read More →

EUR/USD Risks Larger Rebound Despite Dovish ECB Minutes

Talking Points: - EUR/USD Mounts Larger Rebound Despite Dovish ECB; Retail FX Flips Net-Short. - USD/CAD Pullback May Be Short-Lived on Slowing Canada Consumer Price Index (CPI), Retail Sales. - USDOLLAR Risks Larger Correction as FOMC Minutes Point to Three-Way Split. For more updates, Read More →