Dollar Can’t Avoid a Breakout Until the Serious Data Comes Australian Dollar Ready to Rally Should CPI Curb RBA Cut Outlook Euro: Officials Upgrade Growth Outlook, Markets Look for Data Japanese Yen Floundering in Post-Election Growth-High Canadian Dollar Advances Across the Board after Strong Read More →

USDCAD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD approaching inflection point at 1.0235/66 support range Bullish scalp bias above this mark Break warrants short scalps into key support range 1.0120- 1.0158 (Broader bias constructive above) Note daily RSI now testing 40-threshold- Break/Rebound Read More →

THE TAKEAWAY: US Housing Price Index (MAY) misses expectations and April’s data gets revised lower > USD is slightly weaker Today was a light economic data day and FX volatility remains low. In North America, the US Housing Price Index grew Read More →

Crude oil and gold prices may have scope to advance if a soft round of US economic data undercuts bets on a forthcoming reduction of Fed stimulus efforts. Talking Points Crude Oil Technical Positioning Warns of Downward Reversal Ahead Commodities May Find Support Read More →

EUROPEAN SESSION UPDATE: ECB’s Draghi only predicts a return to growth by the end of the year; US Dollar sheds earlier weakness… Statements released by officials in two of the Euro-zone’s bigger economies predicted improvements in GDP performance. France Finance Minister Read More →