The Dow Jones FXCM Dollar index posted a marginal decline in North American trade but ended the month above key Fibonacci support. Here are the key levels to watch as we head into February.
The Euro crosses have reversed sharply and focus is on new lows. Reward/risk, in particular for the EURAUD, is favorable for bears.
The sterling’s recent advance has offered optimal entries for short-scalps as the GBP/USD pair rebounds off key Fibonacci resistance. We now await a break below channel support to press the pair lower. Here are the key levels to watch.
Traders often require specific tools to accomplish their task when approaching markets. This article will walk you through the suite of available custom indicators for the FXCM Trading Station platform.
European leaders have agreed on new measures to stem the sovereign debt crisis, easing concerns over the Euro’s fate. But will it last?
Manufacturing in the world’s largest economy is expected to expand at a faster pace in January, and the rise in production may prop up the U.S. dollar as the development highlights an improved outlook for growth.
Many traders struggle with entering in long-term trends for fear of a reversal. This single-candle formation can help those traders entering in these high-momentum scenarios.
Retail traders have literally never been more net-long the Euro against the Swiss Franc, underlining that most are aggressively speculating on Swiss National Bank intervention as the EURCHF approaches SFr 1.20. What’s next?
Weaker than expected US economic data prompted a reversal to the overnight rally in risk with the greenback going back on offense in early US trade. Here are the key levels to watch on the EURUSD and the NZDUSD.
The greenback came under pressure on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a fresh monthly low of 9,723, but we should see the reserve currency regain its footing over the next 24-hours trading as the rise in risk-taking behavior tapers off.
