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Graphic Rewind: January PMIs Leave the Dollar a Loser Against the Euro

Talking Points: Aussie falls against the Dollar on Chinese PMI Euro rises on better than expected PMI Dollar continues losses on disappointing US data A look back at the past 24 hours of Forex trading using movements in the US Dollar Index: US Dollar 15-Minute Read More →

USD Shorts Favored Ahead of FOMC- EUR Searching for Lower High?

Talking Points: - USDOLLAR Searching for Support as Near-Term Correction Gathers Pace - EURUSD Eyes Topside Targets as RSI Breaks Out of Bearish Trend Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10676.26 10721.06 10666.1 -0.25 135.91% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Prefer ‘Selling Bounces’ During Read More →

Oil Rally Vulnerable to Upcoming Inventories Data, Gold Finds Support

Talking Points Crude Oil Gains as US Weather Conditions Drive Heating Fuel Demand Bets DOE Inventories Figures May Warn of Increasing Supply and Weigh on WTI Gold Finds Support Above $1,230 But May Decline on Upbeat US News-flow Crude Oil popped above the $96.50 Read More →

US Dollar Sinks Toward Trend Support, SPX 500 Still Flat

Talking Points: US Dollar Falters at Resistance, Moves to Channel Support S&P 500 Still Oscillating in a Narrow Consolidation Range Crude Oil Hits One-Month High, Gold Prices Find Support Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Read More →

Canada Retail Sales to Spur Pullback While USDCAD Eyes Higher High

- Canada Retail Sales to Rebound 0.2% in November - Household Spending as Increased Seven Times in 2013 Trading the News: Canada Retail Sales A rebound in Canada Retail Sales may spark a near-term correction in the USDCAD as it raises the fundamental Read More →

Forex: Euro Gains May Prove Short-Lived After Improved PMI Data

Talking Points: Euro May Not Find Lasting Support in Upbeat Headline PMI Result Aussie Dollar Sold as Soft Chinese PMI Data Weighs on RBA Outlook Japanese Yen Outperforms as Nikkei Drop Fuels Safe-Haven Demand The preliminary set of January’s Eurozone PMI figures headlines the Read More →