Talking Points: - USDOLLAR Continues to Hold Resistance; Bearish RSI Divergence in Focus - British Pound Carves Higher Low Ahead of Bank of England (BoE) Meeting Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10704.99 10718.75 10687.9 0.05 83.61% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Appears to Read More →

- Forex market tensions have eased ahead of critical event risk this week -Our focus will remain on two of our sentiment-based strategies: Breakout2 and Momentum2 - A potentially significant shift would mean big moves across Dollar and Yen pairs Market tensions have Read More →

Talking Points: - Euro sees steady consumption, employment data yet depreciates anyway. - Light day for Europe overall with the ECB policy meeting lingering tomorrow. - US event calendar to hold sway over price action in European FX today. To keep up with the Read More →

Talking Points: Commodity Prices Looking to FOMC Minutes for Direction Gold Recovery Cut Short at Resistance Below $1250 Level Crude Oil Finds Interim Support Above the $93.00 Figure A relatively tame offering of second-tier economic data in European hours is likely to see traders Read More →

Talking Points: Comments from BOC’s Poloz Compound Canadian Dollar Selling Pressure Yen Sold on Waning Haven Demand as Nikkei Rallies Most in Three Weeks FOMC Minutes in Focus to Help Guide Future QE “Tapering” Dynamics Get Real-Time Feedback on Your Trades with DailyFX on Read More →

Talking Points: Dollar Traders Look to Revive Taper Speculation on ADP Euro Inflation Plunge Increases ECB Stimulus Risk Yen Crosses Groping for Traction as Nikkei 225 Rebounds Dollar Traders Look to Revive Taper Speculation on ADP This past session, US Treasury yields dropped to a Read More →