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Oil Supported by a Sharp Rebound in Risk Appetite on Speculation of a Greek Bailout
A clear sign that risk appetite is still the dominant fundamental driver for crude traders, oil futures trading on the NYMEX exchange rallied mid-day in the New York trading session along with many...
- FXCM Tuesday February 9, 09:46 PM -
Premier Czech Retail Broker, Patria Direct, Launches Patria Forex with FXCM Technology
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- FXCM Tuesday February 9, 09:27 PM -
EUR/USD: Trading the U.S. Advanced Retail Sales Report
Retail spending in the U.S. is expected to improve in January, with economists forecasting a 0.3% rise following the unexpected contraction during the holiday season, and the data is likely to...
- FXCM Tuesday February 9, 09:12 PM -
Pound Rebounds As Risk Appetite Dictates Price Action
Pound bulls were out for the first time in a week as Greek bailout rumors spark broad based risk appetite. The GBP/USD is working on its first positive day since February 2nd which was just ahead of...
- FXCM Tuesday February 9, 08:19 PM -
EUR/GBP Range Remains Intact Despite Volatility
Markets are currently seeing a great deal of volatility as rumors swirl that a bailout for Greece is on its way. It wouldn’t be prudent to take any positions until conclusion of the current...
- FXCM Tuesday February 9, 06:59 PM -
Light Crude 02-09
Crude is in a 3rd of a 3rd wave decline from 7804. Any rally should prove corrective. Crude has reached the area of the former 4th wave, which is a common end point for...
- FXCM Tuesday February 9, 05:57 PM -
Gold 02-09
The next major support for gold is not until 1005 (former breakout level). Even then, I expect that level to be taken out without much of a fight as the deflationary environment has returned...
- FXCM Tuesday February 9, 05:55 PM -
US Dollar / Swiss Franc 02-09
Upside momentum in the USDCHF is strong. The pair is attempting a break above the top of a channel, which signals acceleration of the advance. 11026-11091 is a target area. Former...
- FXCM Tuesday February 9, 05:53 PM -
US Dollar / Canadian Dollar 02-09
Like the NZDUSD, the USDCAD completed an expanded flat last week (at 10543). A break above 10875 is expected this week as the pair is in a 3rd wave higher from 10543. A drop under 10642...
- FXCM Tuesday February 9, 05:52 PM -
US Dollar / Japanese Yen 02-09
The USDJPY rally (from 8481) is corrective, which leaves the pair vulnerable to weakness below that level. Still, a larger correction may underway since the decline from 9380 is not impulsive...
- FXCM Tuesday February 9, 05:50 PM -
Australian / New Zealand Dollars Soar; Resistance Well Defined 02-09
The AUDUSD and NZDUSD have rallied sharply and are nearing resistance levels from former support. Watch the 7000 level in NZDUSD. The next major support for the NZDUSD is not until 6600. ...
- FXCM Tuesday February 9, 05:47 PM -
Australian Dollar / US Dollar 02-09
The AUDUSD has broken below its December low and focus is now on 8400. If the decline from 9055 is a 3rd wave, then the decline should extend to at least 8400, which is the 161.8% extension of...
- FXCM Tuesday February 9, 05:41 PM -
Solid S/R Levels Makes USD/CAD Scalping Target
The Canadian dollar has found support on a surge in risk appetite due to speculation that Greece will receive help with their budget issues. Rumors aren’t enough to generate a sustainable rally...
- FXCM Tuesday February 9, 05:34 PM -
British Pound / US Dollar 02-09
The GBPUSD broke its diamond top last week and the trend is down against 16076. The rarity and reliability of the diamond pattern makes the break especially bearish. Given the 3rd of a...
- FXCM Tuesday February 9, 05:32 PM -
New Zealand Dollar Benefits From Risk Appetite, Japanese Yen Weakens Across the Board
The New Zealand dollar retraced the previous day’s decline and is the best-performing currency against the greenback on Tuesday, while the Japanese Yen weakened across the board following the...
- FXCM Tuesday February 9, 04:42 PM
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