THE TAKEAWAY: USD continues strong gains after Wednesday’s FOMC meeting > EURUSD accelerates towards $1.3100 > GBPUSD breaks below $1.5400 The USD continues to make advances as markets try to decide how to price earlier QE tapering. On Wednesday, FOMC Chairman Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10740.9 10749.24 10678.88 0.33 76.78% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) added another 0.33 percent on Friday, and the greenback may persistently retrace the decline from 10,877 as the Read More →

Talking Points Japanese Yen: BoJ to Adjust Policy as Need, More Easing Ahead Euro: EU Scales Back on Austerity, EIB to Offer EUR 100B Read More →

EUROPEAN SESSION UPDATE: European finance ministers may approve a banking union plan in a meeting today; Kuroda thanks Forex moves for rise in exports… Markets in the European session seem to be suggesting an end or pause to the two days Read More →

Trading the News: Canada Consumer Price Index What’s Expected: Time of release: 06/21/2012 12:30 GMT, 8:30 EDT Primary Pair Impact: USDCAD Expected: 0.9% Previous: 0.4% DailyFX Forecast: 0.5% to 0.8% Why Is This Event Important: The headline reading for Canadian inflation is expected to increase an annualized 0.9% Read More →

The Japanese Yen is likely to rise amid carry trade liquidation if broad-based risk aversion grows out of investors unwinding Fed QE-dependent trades. Talking Points S&P 500 Futures Hint Sentiment May Recover But Ample Threats Remain Japanese Yen to Rise on Carry Liquidation Read More →