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US Dollar Turns Lower, US Retail Sales on Tap on Thursday (Forex Video)

USD index breaks below key support, takes bearish turn. RBNZ rate cut spurs NZD strength…why? US retail sales, SNB rate decision could spur volatility…

A Quick Range Setup On the Opposite Side Of AUDUSD Congestion

The Australian dollar crosses have offered the best range scenarios for the better part of a week; and the AUDUSD setup we see today is the opposite side…

US Dollar Takes Bearish Turn Lower – US Retail Sales Could Impact Risk Trends on Thursday

- New Zealand Dollar Surges as RBNZ Signals End to Easing Cycle, Australian Dollar to Face Employment Data Overnight – Euro Rallies for Test of 1.2850,…

NZD/USD Surges Post-RBNZ Rate Cut – Why?

The New Zealand dollar rallied at the end of the New York trading session after the Reserve Bank of New Zealand (RBNZ) cut their Official Cash Rate (OCR)…

Dollar Index Closes Below 3 Month Support Line

The USD Index has closed below a 3 month support line drawn off of the December 2008 and February 23rd lows. This is a strong sign that the dollar is headed…

Yen Crosses: Awakening the Bear

-EURJPY could top out near 128 -GBPJPY resistance at 137-138.50 -CADJPY may continue lower from current levels -NZDJPY choppy downward sloping channel

Euro Finally Poised for Close Above 20-Day SMA (Daily Classical)

Euro finally set for close above 20-Day SMA. Dollar/Yen breaks below 10-day SMA; Short @98.25. Cable still bearish despite potential up-day. Dollar/Swiss…

G20 Meeting on April 2 to Include Trade Financing Measures

According to an article in the WSJ, the April 2 Group of 20 (G20) meeting is set to include plans by which to boost global trade via financing by the member…

Emerging Market Currencies Benefiting from Improved Sentiment (Midday Snapshot)

USDJPY Channel

Short term structure has not confirmed that a top is in place. It is possible that a triangle is underway but the pattern is not mature enough at this…