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Pound May Rise as Carney Plays Down Rates Impact of Brexit Vote

Talking Points: Pound May Rise as BOE’s Carney Plays Down Rates Impact of Brexit Vote Australian Dollar Gains as Labor Party Agrees to Support FTA with China See Economic Releases Directly on Your Charts with the DailyFX News App Scheduled commentary from Bank of Read More →

NZDCAD Posts Outside Day Reversal Pre-BoC; Shorts Face 8700 Hurdle

Talking Points NZDCAD posts reversal candle off key resistance- scalps favor shorts Updated targets & invalidation levels Event Risk on Tap This Week NZDCAD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook NZDCAD posts outside-day reversal off long-term resistance confluence- bearish Interim support at highlighted region into Read More →

NZD/USD Hit by Weak Dairy Auction- Next Hurdle Stands at 0.6700

Talking Points: - NZD/USD Weighted by Weak Dairy Auction- 0.6700 to Offer New Support? - USD/CAD Holds Range Ahead of BoC Meeting- CPI Report on Radar. - USDOLLAR Holds Narrow Range- Outlook Remains Mired by Mixed Data. For more updates, sign up for David's Read More →

AUD/USD, EUR/AUD, EUR/CAD Ready for Next Moves Around BoC, ECB

Talking Points: - AUD/USD in triangle, EUR/AUD tests year-long trend support. - EUR/CAD vulnerable to shifting Canadian policies, ECB this week. - See the October forex seasonality report that favors US Dollar weakness. In what is justly called a disinteresting week for US economic Read More →

Canadian Dollar Falls as Liberals Unseat PM Harper to Win Election

Talking Points: Canadian Dollar Falls as Liberals Unseat PM Harper to Score Election Win British Pound Looks to BOE Commentary for Rate Policy, Brexit Impact Clues See Economic Releases Directly on Your Charts with the DailyFX News App The Canadian Dollar faced selling pressure Read More →

High USD and Demand Woes Stress Commodities despite Economic Resilience

Talking Points: Oil halted decline triggered by oil-products, ahead of crude producers summit and inventory data Gold weakened on resilient Chinese Q3 growth and the highest US NAHB housing index in a decade Copper slid as demand fears outweighed steady economic recovery Commodities continued Read More →