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USDCAD Reversal Underway- Long Scalps Favored Above 1.10

Talking Points Weekly opening range break turns USDCAD scalp bias positive Broader outlook constructive above 1.0906- bullish invalidation Major event risk on tap from US & Canada USDCAD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD turns ahead of Fib support / TL resistance Read More →

USDOLLAR to Eye Fresh Lows on Cautious Fed- GBP Lower High in Place?

Talking Points: - USDOLLAR Remains Vulnerable on Dovish FOMC Minutes - British Pound Bounces Off of Former Support- Lower High in Place? Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10557.43 10567.72 10549.11 -0.04 50.98% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Looking for Lower High as Bearish Read More →

FOMC Minutes to Guide EUR/USD and GBP/USD Direction

Talking Points: - GBPUSD continues slide after weak labor data. - EURUSD hits former trendline at 1.3760/70. - Both EURUSD and GBPUSD will find direction after FOMC. To keep up with developments central banks and their policy changes, be sure to sign up for Read More →

Forex: US Dollar Looks for a Lifeline in FOMC Meeting Minutes

Talking Points: BOE Meeting Minutes, UK Jobless Claims in Focus in European Hours Pound Follow-Through Likely Limited on Priced-In Policy Expectations US Dollar May Rise as Fed Minutes Stress Commitment to Tapering QE The publication of minutes from February’s Bank of England monetary policy Read More →

GBP to Eye Fresh Highs as U.K. Jobless Claims Contract for 15-Months

- U.K. Jobless Claims to Decline for Fifteen-Consecutive Month - ILO Unemployment Rate to Hold at 7.1%- Lowest Since 2009 Trading the News: U.K. Jobless Claims Change The bullish sentiment surrounding the British Pound may gather pace over the next 24-hours of trading Read More →

Forex: Dollar Rebound Begins Slow, Looks to Risk and Taper for Fuel

Talking Points: Dollar Rebound Begins Slow, Looks to Risk and Taper for Fuel British Pound Tests Rate Forecast Again on Jobs Data Yen Crosses’ Climb Post BoJ Stalls Quickly Dollar Rebound Begins Slow, Looks to Risk and Taper for Fuel Having broken its oppressive 10-day Read More →