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USD Rally Stalls Ahead of Resistance- Strong NFPs on Tap?

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10862.77 10880.16 10803.86 0.55 102.61% Chart - Created Using FXCM Marketscope 2.0 Release Expected Actual Initial Jobless Claims (JUL 27) 345K 326K Continuing Claims (JUL 20) 3000K 2951K ISM Manufacturing (JUL) 52.0 55.4 ISM Prices Paid (JUL) 53.0 49.0 Construction Spending (MoM) (JUN) 0.4% -0.6% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) rallied to 10,880 Read More →

A Lack of BoE Forward Guidance Sends the Pound Higher

THE TAKEAWAY: BoE says it will only release guidance review on August 7 -> Interest rate and asset purchases unchanged -> Pound rises Want to trade with proprietary strategies developed by FXCM? Find out how here. Pound traders decided that a lack Read More →

EURUSD- Trading the European Central Bank (ECB) Rate Decision

Trading the News: European Central Bank Interest Rate Decision What’s Expected: Time of release: 08/01/2013 11:45 GMT, 7:45 EDT Primary Pair Impact: EURUSD Expected: 0.50% Previous: 0.50% DailyFX Forecast: 0.50% Why Is This Event Important: The European Central Bank (ECB) interest rate decision may weigh on the single Read More →

FX Headlines: Euro Looks to ECB for Support After Strong PMI Revisions

EURO-ZONE ECONOMIC CALENDAR Euro-Zone PMI revisions were positive across the board today, with the EZ PMI Manufacturing gauge rising to its highest level all year, and the German PMI Manufacturing gauge rising to its highest level in 18-months. However, in the Read More →

EURUSD- Trading the European Central Bank (ECB) Rate Decision

Trading the News: European Central Bank Interest Rate Decision What’s Expected: Time of release: 08/01/2013 11:45 GMT, 7:45 EDT Primary Pair Impact: EURUSD Expected: 0.50% Previous: 0.50% DailyFX Forecast: 0.50% Why Is This Event Important: The European Central Bank (ECB) interest rate decision may weigh on the single Read More →

Pound at Risk, Euro May Rise on ECB and BOE Rate Decisions

The British Pound appears vulnerable while the Euro may rise after the BOE and ECB deliver their monetary policy announcements. Talking Points British Pound at Risk as Bank of England Introduces Forward Guidance Euro May Rise if ECB Opts Not to Expand Rhetoric Read More →