The British Pound extended the rally from the previous week and crossed back above the 20-Day SMA (1.5058) during the European trade to reach a high of1.5078, and the GBP/USD may continue to pare the decline from earlier this month as policy makers hold an improved outlook for the economy.

Talking Points
• Japanese Yen: Weighed by Risk Appetite
• Pound: 4Q GDP Tops Initial Forecast
• Euro: German Import Prices Expand at Faster Pace
• U.S. Dollar:...

US Dollar Surges then Pulls Back, What will Nonfarm Payrolls Bring?
Euro Recovery far from Guaranteed by EU’s Questionable Greek Accord
Japanese Yen May Be On The Verge Of Longer-Term Bearish Trend
British Pound To Test Upper Bounds as Economic Outlook Improves
Swiss Franc May Decline Against Pound and Dollar, Gain on Euro
Canadian Dollar Looks to Nonfarm Payrolls, Crude Oil for Direction
Australian Dollar Will Gauge Interest Rate Forecast ahead of RBA Meet...

FXCM Speculative Sentiment Index (SSI) Statistics:




Intraday Highlight:


EURUSD - The ratio of long to short positions in the EURUSD stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at 1.36 as 58% of open positions...

It's hard to say when a PB will become something else and trading against the trend is always scary, but a 2B setup is sometimes worth the risk...

Talking Points
• Japanese Yen: Pushes Lower Against Most Currencies
• Pound: All Eyes on U.K. Budget Statement
• Euro: Service-Based Activity, Manufacturing Expands at Faster Pace
• U.S. Dollar: Durable Goods Orders, New Home Sales on Tap

Euro Slips to 10-Month Low as Fitch Cuts Credit Rating for Portugal, British Pound Extends Decline

The Euro tumbled to a 10-month low of 1.3344 during the overnight trade as European policy makers...