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GBPAUD Scalps Target Key Resistance- Bullish Above 1.7920

Talking Points GBPAUD eyes key near-term resistance Weekly opening range taking shape just below Major event risk on tap from Australia & UK GBPAUD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPAUD testing key resistance range- January 24th TL / Fibonacci confluence 1.8022/50 Breach targets Read More →

USD/JPY at Risk for Fresh 2014 Lows on Less-Dovish BoJ

Talking Points: - USDOLLAR Risks Further Decline on Close Below 10,440 - USD/JPY Eyes 101.00 Ahead of Bank of Japan (BoJ) Meeting Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10442.85 10454.11 10435.72 -0.10 60.65% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Close Below 10,440 Brings 10,406 (1.618 Read More →

Japanese Yen and Euro Remain the Currencies to Watch in Week Ahead

- Yen poised to gain further versus downtrodden Euro - British Pound nears critical support versus Dollar - Low forex volatility favors more of the same, not new trends Forex market conditions favor continuation of Japanese Yen gains versus the downtrodden Euro, while Read More →

Top Events on Economic Calendar Include GBP, FOMC Minutes

Talking Points: Bank of England in No Rush To Raise Rates Long-Term Trend Still to the Test as British Pound at Channel Support The US Dollar May Have Limited Follow-Though on FOMC Minutes The British Pound may be vulnerable to downside risk as the Read More →

EUR/AUD, EUR/USD Could See ST Reversal while EUR/JPY Remains Weak

Talking Points: - EURUSD struggling near trendline from November-February. - EURAUD triangle could see small rally; EURJPY selling rallies. - Forex economic calendar picks up mid-week. The most important development of the last week was that, contingent upon the ECB’s June economic projections, the Read More →

Gold and Silver Aim Higher As US Dollar’s Slumber Continues

Talking Points US Dollar slump affords gold and silver some breathing room Crude oil exposed to souring sentiment as US equities pullback Fading geopolitical risks may sap safe-haven demand for the precious metals Gold and silver are pushing higher in early European trading as Read More →