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Aussie Dollar Sinks, Yen Gains as Risk Aversion Grips the Markets

Talking Points: Aussie Dollar Down, Yen Higher as Chinese PMI Compounds Risk Aversion S&P 500 Futures Point to Respite in Market Liquidation into the Week-End See Economic Releases Directly on Your Charts with the DailyFX News App Risk aversion defined currency market price action Read More →

Robust Canada CPI to Fuel Larger USD/CAD Pullback- 1.2800 on Radar

- Canada Consumer Price Index (CPI) to Increase for Third Consecutive Mont. - Core Rate of Inflation to Climb for Second Month to Annualized 2.4%. For more updates, sign up for David's e-mail distribution list. Trading the News: Canada Consumer Price Index (CPI) Canada’s Read More →

Gold Up on Safe-Haven Buys. Copper, Oil Drop as China Factories Slow

Talking Points: China Caixin Manufacturing PMI missed forecast, induced risk-off trades, dampened commodities Gold scored big gains as safe-haven bids added to rate delay bets Oil dragged as supply glut and China slowdown prevail Copper weak from demand risk after low USD caused overnight Read More →

S&P 500 Worst Day in 18 Months May Act as Accelerant for Bigger Unwind

Talking Points The S&P 500 suffered its biggest one-day decline since February 3, 2014 While selling pressure was particularly acute in New York afternoon, equity rout is global Equities are one of the last vestiges of optimism amongst the ‘risk-sensitive’ asset classes US equities Read More →

AUDNZD Free Falls into the August Open- Bearish Sub 1.1175

Talking Points AUDNZDtesting key near-term support- Short scalps favored sub-1.1175 Updated targets & invalidation levels Event Risk on Tap This Week AUDNZD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDNZD reversal off resistance now testing monthly open support 1.1067 Bias remains weighted to the downside while Read More →

Retail FX Fades EUR/USD Resilience as Pair Probes 1.1200 Resistance

Talking Points: - EUR/USD Resilience Continues- Retail FX Shorts Jump 17%. - USD/CAD Holds Range Ahead of Canada Consumer Price Index (CPI), Retail Sales. - USDOLLAR Struggles to Hold Support Post-FOMC Minutes- Downside Targets in Focus. For more updates, sign up for David's e-mail Read More →