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GBP/USD Risks Near-Term Breakout on Strong U.K. Core CPI

- Headline U.K. Consumer Price Index (CPI) to Hold Flat for Second Consecutive Month. - Core Rate of Inflation to Uptick to Annualized 0.9% From the Lowest Level Since March 2001. Trading the News: U.K. Consumer Price Index Even though the headline reading Read More →

Webinar: USD Scalps Hinge on CPI- Setups in Play this Week

Talking Points Weekly DailyFX Scalp Webinar archive covering featured setups Updated targets & invalidation levels Event Riskon Tap This Week GBPNZD 30min Notes: GBPNZD failed to break above our near-term bearish invalidation level at 2.3942 and the pair remains vulnerable to further downside while below Read More →

GBP/USD Breakout Hinges on Sticky UK CPI- AUD to Face RBA Minutes

Talking Points: - GBP/USD Holds Range Even as BoE Hints as Growing Dissent. - AUD/USD Bullish RSI Momentum at Risk on Dovish RBA Minutes. - USDOLLAR Preserves Range Despite Mixed Data. For more updates, sign up for David's e-mail distribution list. GBP/USD Chart - Created Using Read More →

Forex Volatility Remains Low – Our Data Favors Using these Strategies

- Forex volatility risks remain low, point to slow market moves - Our data suggest the average retail trader does well in these conditions - We favor range-trading strategies until further notice Low forex volatility prices point to another slow week for the Read More →

British Pound Gains on BOE Comments, Canadian Dollar Drops on Oil

Talking Points: British Pound Gains on Hawkish Comments from BOE’s Forbes Canadian Dollar Follows Crude Oil Lower on Supply Glut Bets US Dollar Higher Ahead of 6- and 3-Month Treasury Bill Sale See Economic Releases Directly on Your Charts with the DailyFX News App The Read More →

Oil at Fresh Low on Persistent Supply, Dollar Pressures Commodities

Talking Points: Oil lingered near fresh low as global oversupply persisted Copper demand absorbed the weak yuan shock Gold steadied on China’s demand though the rally faded This morning the CNY was fixed at almost the same rate on Friday against the US dollar Read More →