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USD Traders Eye FOMC, Bernanke- AUD Correction Should Be Sold

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10800.84 10814.74 10750.18 0.37 99.70% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.37 percent higher from the open after moving 86 percent of its average true range, and the Read More →

Bearish Euro Formation Remains Intact- EU Summit to Disappoint

Talking Points Euro: Bundesbank Raises 2Q Outlook, EU Meeting in Focus British Pound: U.K. CPI Disappoints, BoE Minutes to Show 6-3 Split U.S. Dollar: Fed’s Bullard, Dudley on Tap- Bernanke to Testify Euro: Bundesbank Raises 2Q Outlook, EU Meeting in Focus The Euro slipped to Read More →

Crude Oil, Gold Look to Fed-Speak for Direction Cues

Commodity prices look to commentary from Fed Presidents Bullard and Dudley to shape QE progression expectations and offer direction cues. Talking Points Crude Oil, Copper Wait for Risk Trends to Weigh Up Fed Policy Outlook Gold and Silver Vulnerable if Fed Chatter Hints Read More →

Lower Inflation Makes Way for a More Dovish BoE, Pound Declines

THE TAKEAWAY: UK annual inflation falls to 2.4% in April -> Lower inflation may allow for a more dovish BoE -> Pound declines UK annual inflation fell to a seven month low, thereby alleviating some of the pressure on the Bank Read More →

British Pound May Weaken as Soft CPI Drives Dovish BOE Bets

The British Pound may fall as CPI inflation hits a seven-month low, driving expectations of an expanded BOE stimulus effort on the horizon. Talking Points British Pound May Weaken as Data Points to Inflation Slowdown Yen Drops as Japan’s Amari Walks Back Supportive Read More →

GBP/USD- Trading the U.K. Consumer Price Report

Trading the News: U.K. Consumer Price Index What’s Expected: Time of release: 05/21/2013 8:30 GMT, 4:30 EDT Primary Pair Impact: GBPUSD Expected: 2.6% Previous: 2.8% DailyFX Forecast: 2.6% to 2.8% Why Is This Event Important: The headline reading for U.K. inflation is expected to increase an annualized 2.6% Read More →