May 2015

The main focus this week will be on the Federal Reserve policy meeting minutes. Eurozone inflation figures and Japanese GDP will also be the market’s focus. Monday will be a little quiet, with no tier one economic data. Japan’s revised…

USD/CHF is in a descending channel and has retraced half of the rebound from 0.8209 to 1.0127. The break below the key level of 0.9540 shifted the bias to the downside. RSI is in bearish territory below 50. In the near – term,…

By Ilya Spivak, Currency Strategist Talking Points - NZ Dollar Slumps as Markets Bet on Most Dovish RBNZ Outlook Since 2009 - Aussie Dollar Fails to Hold Gains After Comments from RBA DepGov Lowe - US Dollar Corrects Higher After Dropping…

By Christopher Vecchio, Currency Strategist Fundamental Forecast for Euro: Neutral - The USDOLLAR Index’s structure suggests further weakness for USD-pairs, meaning a higher EURUSD… - …and EURUSD’s run higher will likely continue until…

By Ilya Spivak, Currency Strategist Talking Points - US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** - Support: 11638, 11576, 11476 - Resistance: 11688, 11737, 11768 The Dow Jones FXCM US Dollar Index remains in…

By Ilya Spivak, Currency Strategist Talking Points - USD/JPY Technical Strategy: Flat - Support: 118.78, 118.02, 117.08 - Resistance: 119.93, 120.79, 121.55 The US Dollar continues to oscillate in a now-familiar choppy range below the…

By Ilya Spivak, Currency Strategist Talking Points - EUR/USD Technical Strategy: Flat - Support: 1.1335, 1.1257, 1.1130 - Resistance: 1.1463, 1.1565, 1.1668 The Euro advanced for a fourth consecutive day, hitting the highest level in…

Talking Points: - RBA Cuts Key Rate by 25bps to 2 percent as Expected on Inflation Outlook - Improvements in Household Demand, Employment May Limit Further Cuts - Australian Dollar Pushed Broadly Higher, Adding Nearly 1% vs. US Dollar The…