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Gold Surges on Bets of US Rate Rise Delay, Oil Consolidates Post Crash

Talking Points: Oil consolidates following a six-year low after EIA’s surprise inventory growth Gold surged as market bets on viability of September hike Copper fell to six-year low on data of oversupply During the New Yorksession, minutes from the last meeting of the Federal Read More →

Pickup in U.K. Retail Sales to Fuel GBP/USD Breakout

- U.K. Retail Sales to Increase for Fifth Time in Last Seven-Months. - Will a Rebound in Private-Sector Consumption Encourage a Greater Dissent Within the BoE? Trading the News: U.K. Retail Sales A 0.4% rebound in U.K. Retail Sales may heighten the appeal Read More →

EURUSD Surges to Fresh Weekly High on FOMC Leak- Long Scalps Favored

Talking Points EURUSD rallies on dovish Fed- scalps eye topside targets Updated targets & invalidation levels Event Risk on Tap This Week EURUSD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURUSD responds to median-line support- constructive Bias remains weighted to the topside above today’s low (1.1017) Interim Read More →

Gold Hits Fresh Monthly High- USD Bulls Banking on Fed Minutes?

Talking Points: - Gold Climbs to Fresh Monthly High- Threatens Bearish RSI Momentum. - GBP/USD Breakout to Gather Pace on Strong U.K. Retail Sales. - USDOLLAR Fails to Benefit From Sticky CPI- FOMC Minutes in Focus. For more updates, sign up for David's e-mail Read More →

EUR/USD August Rebound at Risk on Upbeat U.S. CPI Report

- Headline U.S. Consumer Price Index (CPI) to Rise for Second-Consecutive Month in July. - Core Rate of Inflation to Hold Steady at Annualized 1.8%- Highest Print for 2015. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. Read More →

US Dollar May Rise as FOMC Minutes Boost September Rate Hike Bets

Talking Points: US Dollar May Rise as July FOMC Minutes Boost September Rate Hike Bets Yen to Rise, Commodity FX Vulnerable if Fed Outlook Sparks Risk Aversion See Economic Releases Directly on Your Charts with the DailyFX News App A quiet day on the Read More →