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Euro May Extend Decline as Soft PMI Data Bolsters ECB Easing Bets

Talking Points: Euro May Drop Further as Soft PMI Data Bolsters Stimulus Expansion Bets Australian, NZ Dollars Rise as Post-ECB Risk Rally Moves to Asian Bourses See Economic Releases Directly on Your Charts with the DailyFX News App The preliminary set of October’s Eurozone Read More →

Gold in Favor as ECB Sparks Easing Cycle; Oil, Copper Steady with Stocks

Talking Points: Risk-buying after ECB’s signal of stimulus is offset somewhat by strong USD Oil steadied together with equities rally in Asia Gold rose on dovish expectation for upcoming central bank meetings Copper found support from data and risk sentiment Gold extended higher in Asia Read More →

USDCAD Risks Reversal Below 1.3150 on Canadian CPI

Talking Points USDCAD rally at risk ahead of key Canada inflation data Updated targets & invalidation levels Event Risk on Tap This Week USDCAD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD testing key resistance confluence at 1.3138/50 Confluence support & near-term bullish invalidation 1.3060/70 Subsequent support Read More →

GBP/USD Risks Further Losses as Bearish Outside-Day Takes Shape

Talking Points: - GBP/USD Carves Outside-Day; U.K. 4Q Gross Domestic Product (GDP) on Radar. - EUR/USD Searches for Support Following as ECB Removes Floor on Interest Rates. - USDOLLAR Clears Near-Term Hurdle- Eyes Monthly High (12,081). For more updates, sign up for David's e-mail Read More →

Trade Setups in EUR-crosses and Preview for ECB Meeting

Talking Points: - EURUSD continues to ease back towards TL from August low. - EURAUD, EURCAD, EURGBP all near major TL breaks. - See the October forex seasonality report that favors US Dollar weakness. In what may simply be a placeholder meeting until December, Read More →

EUR/USD Plagued by Dovish ECB Bets- Will Draghi Buy More Time?

- European Central Bank (ECB) to Keep Rates on Hold, Preserve EUR 60B QE Program. - Will ECB President Mario Draghi Highlight an Imminent Expansion/Extension of Asset-Purchases? For more updates, sign up for David's e-mail distribution list. Trading the News: European Central Bank Read More →