Dollar May Find Better Traction as Liquidity Fills Out in September

Technical Forecast for US Dollar: Bearish Talking Points: On the heels of the failed inverse head-and-shoulders break in August, the 95 neckline break stalled Liquidity likely played a crucial role in preventing progress, but September historically brings volume Retail FX traders are net short Dollar versus the Euro and Pound. See speculative positioning here. Those […]

Australian Dollar Stays Down Despite Better China Caixin PMIs

Talking Points: China’s Caixin service sector PMI bounced back in October Its 51.2 reading was well away from September’s very marginal growth Still, the Australian Dollar market wasn’t interested Trade all the major Asia Pacific market data live and interactive with the DailyFX webinars. Come join the debate, we’d love to have you along. An […]