Dollar Fails to Launch Major Technical Breakout, Reversal Risk Rising Rapidly

Technical Forecast for US Dollar: Bearish Talking Points: DXY and EURUSD just recently cleared head-and-shoulders patterns only for the move to fall apart In the past 7 trading days through Friday’s close, the Greenback slid 6 days and formed a new H&S Retail FX traders are net short Dollar versus the Euro and Pound. See […]

Bearish Canadian GDP Print Fails to Push Loonie In Either Direction

– Canadian annualized GDP grew at a decelerating pace in the 4th quarter: 1.7% vs 2.1% estimated – Household consumption exhibits signs of weakness while investment remains strong – USDCAD doesn’t hold onto gains has Loonie trades narrowly – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage […]