David Song

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11h
Daily FX
Retail FX Remains Short EUR/USD Ahead of ECB- GBP/USD Eyes June LowEven though the long-term outlook for EUR/USD remains bearish, need a break of
Retail FX Remains Short EUR/USD Ahead of ECB- GBP/USD Eyes June Low
Daily FX / Posted 11 hours ago
Even though the long-term outlook for EUR/USD remains bearish, need a break of the near-term upward trends in price & the Relative Strength Index (RSI) along with a close below soft support around 1.1150 (61.8% retracement)to favor a further... Read more
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1d
Daily FX
AUD/USD Risks Fresh 2015 Lows on Dismal Australia 2Q GDP ReportThe near-term decline in AUD/USD may gather pace over the next 24-hours of trad
AUD/USD Risks Fresh 2015 Lows on Dismal Australia 2Q GDP Report
Daily FX / Posted yesterday
The near-term decline in AUD/USD may gather pace over the next 24-hours of trade as Australia’s 2Q Gross Domestic Product (GDP) report is expected to show the growth rate slowing for the fifth consecutive quarter, which may put increased pressure on... Read more
4 related stories
1d
Daily FX
USD/CAD Bullish RSI Momentum Under Pressure- 2Q GDP Beats ForecastEven though Canada’s 2Q Gross Domestic Product (GDP) report beat market expecta
USD/CAD Bullish RSI Momentum Under Pressure- 2Q GDP Beats Forecast
Daily FX / Posted yesterday
Even though Canada’s 2Q Gross Domestic Product (GDP) report beat market expectations, the loonie remains at risk of facing additional headwinds as the region enters a technical recession, and the long-term outlook for USD/CAD remains bullish amid the... Read more
4 related stories
2d
Daily FX
AUD/USD Range Vulnerable to Dovish RBA, Slowing ChinaAccording to a Bloomberg News survey, all of the 27 economists polled forecast
AUD/USD Range Vulnerable to Dovish RBA, Slowing China
Daily FX / Posted 2 days ago
According to a Bloomberg News survey, all of the 27 economists polled forecast the Reserve Bank of Australia (RBA) to keep the benchmark interest rate on hold at 2.00%, but the fresh language coming out of the central bank may drag on AUD/USD should... Read more
4 related stories
2d
Daily FX
NZD Fails to Retain Range- AUD Holds Support Ahead of RBALack of momentum to retain the tight range raises the risk for a further declin
NZD Fails to Retain Range- AUD Holds Support Ahead of RBA
Daily FX / Posted 2 days ago
Lack of momentum to retain the tight range raises the risk for a further decline in NZD/USD; the bearish break in the Relative Strength Index (RSI) accompanied by a closing price below near-term support around 0.6370 (50% retracement) to 0.6400... Read more
4 related stories
5d
Daily FX
EUR/USD Downside Levels to Watch Ahead of ECB, NFPOngoing series of lower highs in EUR/USD may highlight a further decline should
EUR/USD Downside Levels to Watch Ahead of ECB, NFP
Daily FX / Posted 5 days ago
Ongoing series of lower highs in EUR/USD may highlight a further decline should former resistance around1.1180 (23.6% expansion) to 1.1210 (61.8% retracement) fail to provide near-term support, with the RSI failing to retain the bullish formation... Read more
8 related stories
5d
Daily FX
Slowing German CPI to Hit EUR/USD Ahead of ECB Meeting?Signs of slowing inflation in Europe’s largest economy may drag on EUR/USD and
Slowing German CPI to Hit EUR/USD Ahead of ECB Meeting?
Daily FX / Posted 5 days ago
Signs of slowing inflation in Europe’s largest economy may drag on EUR/USD and push the European Central Bank (ECB) to broaden its quantitative easing (QE) program as it undermines the Governing Council’s scope to achieve its one and only mandate for... Read more
8 related stories
6d
Daily FX
EUR/USD August Rally to Erode Further on Upbeat 2Q US GDPAn upward revision in the 2Q U.S. Gross Domestic Product (GDP) report may boost
EUR/USD August Rally to Erode Further on Upbeat 2Q US GDP
Daily FX / Posted 6 days ago
An upward revision in the 2Q U.S. Gross Domestic Product (GDP) report may boost the appeal of the greenback and spark a larger pullback in EUR/USD as it fuels speculation for a September Fed rate hike. The Fed may stay on course to normalize... Read more
8 related stories
7d
Daily FX
AUD/USD Downside Targets in Focus Ahead of RBA September MeetingAUD/USD remains at risk for a further decline as the Relative Strength Index (R
AUD/USD Downside Targets in Focus Ahead of RBA September Meeting
Daily FX / Posted 7 days ago
AUD/USD remains at risk for a further decline as the Relative Strength Index (RSI) pushes deeper into oversold territory; close below 0.7090 (78.6% retracement) may spur a more meaningful run at 0.6950 (161.8% expansion). Even though the Reserve... Read more
8 related stories
7d
Daily FX
EUR/USD Bullish Setup to Shine on Weak US Durable Goods OrdersA 0.4% contraction in U.S. Durable Goods Orders may drag on the greenback and s
EUR/USD Bullish Setup to Shine on Weak US Durable Goods Orders
Daily FX / Posted 7 days ago
A 0.4% contraction in U.S. Durable Goods Orders may drag on the greenback and spur a further advance in EUR/USD as the ongoing slack in the real economy dampens market speculation for a Fed rate hike at the September 17 interest rate decision. The... Read more
8 related stories
8d
The Malaysian Insider
Dollar rises against euro amid China market turmoil Published: 26 August 2015 7:55 AM Analysts' expectations that the Fed will r
Dollar rises against euro amid China market turmoil
The Malaysian Insider / Posted 8 days ago
Published: 26 August 2015 7:55 AM Analysts' expectations that the Fed will raise the fed funds rate at its September 16 to 17 policy meeting have dwindled, and some now think the central bank may... Read more
8d
Channel NewsAsia
Dollar rises against euro amid China market turmoilNEW YORK: The dollar rose on Tuesday (Aug 25) as US stocks fell for the sixth s
Dollar rises against euro amid China market turmoil
Channel NewsAsia / Posted 8 days ago
NEW YORK: The dollar rose on Tuesday (Aug 25) as US stocks fell for the sixth straight session on worries about China's economy and market volatility. With Wall Street stocks tumbling, the dollar's rebound from steep losses on Monday came under some... Read more
8d
Daily FX
Gold Advance Capped- Bullish Setup at Risk Below $1130Gold may continue to give back the rebound from earlier this month following th
Gold Advance Capped- Bullish Setup at Risk Below $1130
Daily FX / Posted 8 days ago
Gold may continue to give back the rebound from earlier this month following the failed attempt to push back above former support around $1168 (61.8% expansion) to $1169 (38.2% expansion); may see price fail to retain the near-term upward trend as... Read more
8 related stories
9d
Daily FX
USD/JPY Risks Fresh 2015 Lows; Retail FX Remains Net-LongUSD/JPY remains at risk for a further decline as the Japanese Yen benefits from
USD/JPY Risks Fresh 2015 Lows; Retail FX Remains Net-Long
Daily FX / Posted 9 days ago
USD/JPY remains at risk for a further decline as the Japanese Yen benefits from the pickup in risk aversion; will continue to watch the downside targets as the Relative Strength Index (RSI) dips into oversold territory. May see growing speculation... Read more
8 related stories
12d
Daily FX
Robust Canada CPI to Fuel Larger USD/CAD Pullback- 1.2800 on RadarCanada’s Consumer Price Index (CPI) may boost the appeal of the loonie and trig
Robust Canada CPI to Fuel Larger USD/CAD Pullback- 1.2800 on Radar
Daily FX / Posted 12 days ago
Canada’s Consumer Price Index (CPI) may boost the appeal of the loonie and trigger a near-term decline in USD/CAD should the report dampen speculation for another Bank of Canada (BoC) rate cut. A series of positive data prints may keep the BoC on... Read more
7 related stories
13d
Daily FX
Retail FX Fades EUR/USD Resilience as Pair Probes 1.1200 ResistanceDespite the long-term bearish outlook for EUR/USD, the pair may continue to ret
Retail FX Fades EUR/USD Resilience as Pair Probes 1.1200 Resistance
Daily FX / Posted 13 days ago
Despite the long-term bearish outlook for EUR/USD, the pair may continue to retrace the decline from June as the bullish momentum in the Relative Strength Index (RSI) gathers pace, with a break/close above 1.1180 (23.6% expansion) to 1.1210 (61.8%... Read more
7 related stories
14d
Daily FX
Pickup in U.K. Retail Sales to Fuel GBP/USD BreakoutA 0.4% rebound in U.K. Retail Sales may heighten the appeal of the British Poun
Pickup in U.K. Retail Sales to Fuel GBP/USD Breakout
Daily FX / Posted 14 days ago
A 0.4% rebound in U.K. Retail Sales may heighten the appeal of the British Pound and fuel the near-term breakout in GBP/USD as it puts increased pressure on the Bank of England (BoE) to raise the benchmark interest rate off of the... Read more
7 related stories
14d
Daily FX
Gold Hits Fresh Monthly High- USD Bulls Banking on Fed Minutes?Gold (XAU/USD) appears to be making a larger assault at the bearish RSI momentu
Gold Hits Fresh Monthly High- USD Bulls Banking on Fed Minutes?
Daily FX / Posted 14 days ago
Gold (XAU/USD) appears to be making a larger assault at the bearish RSI momentum as it climbs to a fresh monthly high of $1129; bullish trigger raises the risk for a larger correction in the precious metal. Will keep a close eye on $1138 (50%... Read more
7 related stories
14d
Daily FX
Chinese Shares Reverse, US Data in FocusChinese shares posted down by as much as 5% early in the session, leading to eq
Chinese Shares Reverse, US Data in Focus
Daily FX / Posted 14 days ago
Chinese shares posted down by as much as 5% early in the session, leading to equity weakness around-the-world. A late-day rally brought Chinese shares back into positive territory, but other bourses did not follow. US CPI is issued at 8:30 AM, and... Read more
14d
Daily FX
EUR/USD August Rebound at Risk on Upbeat U.S. CPI ReportAnother uptick in the U.S. Consumer Price Index (CPI) may spark a sell-off in E
EUR/USD August Rebound at Risk on Upbeat U.S. CPI Report
Daily FX / Posted 14 days ago
Another uptick in the U.S. Consumer Price Index (CPI) may spark a sell-off in EUR/USD as market participants ramp up bets for a Fed rate hike at the September 17 interest rate decision. Data prints highlighting stronger price growth may spur a... Read more
7 related stories
14d
Reuters
Aussie dented by China jitters; sterling holds firmA one Australian dollar coin is seen in this picture illustration taken in Sydn
Aussie dented by China jitters; sterling holds firm
Reuters / Posted 14 days ago
A one Australian dollar coin is seen in this picture illustration taken in Sydney, Australia, July 29, 2015. SINGAPORE/SYDNEY The Australian dollar sagged on Wednesday as weakness in Chinese equities amplified concerns over slowing growth in China,... Read more
8 related stories
15d
Daily FX
GBP/USD Breaks Out Following Strong CPI- Retail FX Crowd Flips ShortGBP/USD breaks out of the recent range as U.K. Core Consumer Price Index climbs
GBP/USD Breaks Out Following Strong CPI- Retail FX Crowd Flips Short
Daily FX / Posted 15 days ago
GBP/USD breaks out of the recent range as U.K. Core Consumer Price Index climbs an annualized 1.2% versus expectations for a 0.9% print; need a close above 1.5630 (38.2% retracement) to 1.5650 (38.2% expansion) for confirmation/conviction for a... Read more
7 related stories
16d
Daily FX
GBP/USD Risks Near-Term Breakout on Strong U.K. Core CPIEven though the headline reading for the U.K. Consumer Price Index (CPI) is exp
GBP/USD Risks Near-Term Breakout on Strong U.K. Core CPI
Daily FX / Posted 16 days ago
Even though the headline reading for the U.K. Consumer Price Index (CPI) is expected to hold flat for the second consecutive month, an uptick in the core rate of inflation may spur a near-term breakout in GBP/USD as its puts increased pressure on the... Read more
7 related stories
16d
Daily FX
GBP/USD Breakout Hinges on Sticky UK CPI- AUD to Face RBA MinutesGBP/USD looks poised to retain the range-bound price action ahead of the U.K. C
GBP/USD Breakout Hinges on Sticky UK CPI- AUD to Face RBA Minutes
Daily FX / Posted 16 days ago
GBP/USD looks poised to retain the range-bound price action ahead of the U.K. Consumer Price Index (CPI) amid the ongoing failed attempts to close above 1.5630 (38.2% retracement) to 1.5650 (38.2% expansion) even as recent comments from Bank of... Read more
7 related stories
19d
Daily FX
USD/JPY Outlook Clouded by Conflicting Signals Ahead of Japan GDPEven though USD/JPY appears to be trading within an ascending channel, the fail
USD/JPY Outlook Clouded by Conflicting Signals Ahead of Japan GDP
Daily FX / Posted 19 days ago
Even though USD/JPY appears to be trading within an ascending channel, the failure to retain the bullish RSI momentum carried over from July raises the risk of seeing a further consolidation in the exchange rate. Nevertheless, the Japanese Yen may... Read more
7 related stories
19d
Daily FX
EUR/USD Risks Fresh Monthly Highs on Strong Euro-Zone GDP ReportThe Euro-Zone’s 2Q Gross Domestic Product (GDP) report may boost the appeal of
EUR/USD Risks Fresh Monthly Highs on Strong Euro-Zone GDP Report
Daily FX / Posted 19 days ago
The Euro-Zone’s 2Q Gross Domestic Product (GDP) report may boost the appeal of the single currency and spur fresh monthly highs in EUR/USD as the growth rate is expected to increase 1.3% following the 1.0% expansion during the first three-months of... Read more
7 related stories
20d
Daily FX
EUR/USD Rally to Fizzle on Strong U.S. Retail SalesA 0.6% rebound in U.S. Retail Sales may boost demand for the greenback and spur
EUR/USD Rally to Fizzle on Strong U.S. Retail Sales
Daily FX / Posted 20 days ago
A 0.6% rebound in U.S. Retail Sales may boost demand for the greenback and spur a near-term pullback in EUR/USD as a pickup in private-sector consumption fuels expectations for a Fed rate hike at the September 17 interest rate decision. Indeed, data... Read more
7 related stories
21d
Daily FX
EUR/USD Breaks Out- Targets to Watch Ahead of Greek Vote, 2Q GDPEUR/USD appears to be finding near-term resistance around 1.1180 (23.6% expansi
EUR/USD Breaks Out- Targets to Watch Ahead of Greek Vote, 2Q GDP
Daily FX / Posted 21 days ago
EUR/USD appears to be finding near-term resistance around 1.1180 (23.6% expansion) to 1.1210 (61.8% retracement), but the failure to retain the bearish RSI momentum carried over from May could stoke a larger rebound over the near-term as Greece takes... Read more
7 related stories
21d
Orange County Register
Bystanders detain 19-old driver who attempted to flee from DUI crash in Costa MesaCOSTA MESA – A severed street light remained lying on a sidewalk Wednesday morn
Bystanders detain 19-old driver who attempted to flee from DUI crash in Costa Mesa
Orange County Register / Posted 21 days ago
COSTA MESA – A severed street light remained lying on a sidewalk Wednesday morning as evidence of a late-night Tuesday crash that ended in the arrest of a 19-year-old man. Alfredo Delgado was driving around 10:50 p.m. on Baker Street in a 2000... Read more
21d
Daily FX
GBP/USD to Threaten Range Support on Dismal UK Jobless Claims ReportAnother 1.0K expansion in U.K. Jobless Claims may produce headwinds for the Bri
GBP/USD to Threaten Range Support on Dismal UK Jobless Claims Report
Daily FX / Posted 21 days ago
Another 1.0K expansion in U.K. Jobless Claims may produce headwinds for the British Pound and spur a near-term decline in GBP/USD as it raises the risk of seeing the Bank of England (BoE) further delay its normalization cycle. Despite the 8-1 split... Read more
7 related stories
22d
Daily FX
AUD/USD to Pare Losses on Strong Australia Wage GrowthA pickup in Australia’s Wage Cost Index may keep the Reserve Bank of Australia
AUD/USD to Pare Losses on Strong Australia Wage Growth
Daily FX / Posted 22 days ago
A pickup in Australia’s Wage Cost Index may keep the Reserve Bank of Australia (RBA) on the sidelines and prompt a larger rebound in AUD/USD as it highlights an improved outlook for growth and inflation. Signs of stronger wage growth may encourage... Read more
22d
Daily FX
AUD/USD Rebound Fizzles- EUR/USD Threatens Bearish RSI MomentumAUD/USD under pressure as China – Australia’s largest trading partner – widens
AUD/USD Rebound Fizzles- EUR/USD Threatens Bearish RSI Momentum
Daily FX / Posted 22 days ago
AUD/USD under pressure as China – Australia’s largest trading partner – widens the Yuan trading-band by the most on record; may put increased pressure on the Reserve Bank of Australia (RBA) to further embark on its easing cycle amid the weakening... Read more
7 related stories
23d
Daily FX
GBP/USD Rebound Vulnerable to Weak U.K. Job/Wage Growth ReportGBP/USD may continue to track sideways in the days ahead amid the ongoing close
GBP/USD Rebound Vulnerable to Weak U.K. Job/Wage Growth Report
Daily FX / Posted 23 days ago
GBP/USD may continue to track sideways in the days ahead amid the ongoing closes above near-term support around 1.5450 (61.8% retracement) to 1.5460 (23.6% expansion); will keep a close eye on the key data prints amid the tightening race between the... Read more
7 related stories
26d
Daily FX
USDOLLAR Range Remains in Play Post-NFP; NZD/USD Double-Bottom?Dow Jones-FXCM U.S. Dollar looks poised to retain the range-bound price action
USDOLLAR Range Remains in Play Post-NFP; NZD/USD Double-Bottom?
Daily FX / Posted 26 days ago
Dow Jones-FXCM U.S. Dollar looks poised to retain the range-bound price action carried over from the previous month amid the ongoing failed attempts to close above 12,049 (78.6% retracement); will retail a constructive view as long as the Relative... Read more
26d
Daily FX
EUR/USD to Eye 1.0800 Support on Strong NFP ReportAnother 225K expansion in U.S. Non-Farm Payrolls (NFP) may spur greater demand
EUR/USD to Eye 1.0800 Support on Strong NFP Report
Daily FX / Posted 26 days ago
Another 225K expansion in U.S. Non-Farm Payrolls (NFP) may spur greater demand for the greenback and spark a near-term sell-off in EUR/USD should the fresh batch of data heighten speculation for a Fed rate hike at the September 17 meeting. Despite... Read more
6 related stories
27d
Daily FX
GBP/USD to Take Cues From BoE Vote Count, Inflation ReportThe Bank of England (BoE) interest rate decision may dampen the appeal of the B
GBP/USD to Take Cues From BoE Vote Count, Inflation Report
Daily FX / Posted 27 days ago
The Bank of England (BoE) interest rate decision may dampen the appeal of the British Pound and generate a near-term selloff in GBP/USD should the central bank trim its economic forecast and continue to endorse a wait-and-see approach. However,... Read more
6 related stories
28d
Daily FX
RBA Inspired AUD Rebound to Gather Pace on Strong Employment ReportAnother 10.0K expansion in Australia Employment may pave the way for a more mea
RBA Inspired AUD Rebound to Gather Pace on Strong Employment Report
Daily FX / Posted 28 days ago
Another 10.0K expansion in Australia Employment may pave the way for a more meaningful rebound in AUD/USD as signs of a stronger recovery dampens the Reserve Bank of Australia’s (RBA) scope to further embark on its easing cycle. The RBA may largely... Read more
6 related stories
28d
Daily FX
GBP/USD Vulnerable to Unanimous BoE- USD/CAD Carves Bullish FormationGBP/USD looks poised to retain the tight range going into the Bank of England (
GBP/USD Vulnerable to Unanimous BoE- USD/CAD Carves Bullish Formation
Daily FX / Posted 28 days ago
GBP/USD looks poised to retain the tight range going into the Bank of England (BoE) interest rate decision as the central bank is scheduled to release the policy statement, vote count along with the quarterly inflation report, with the fresh updates... Read more
6 related stories
29d
Daily FX
AUD Breaks Out on RBA- NZD Outlook Hinges on Job/Wage GrowthAUD/USD breaks out of the near-term range as the Reserve Bank of Australia (RBA
AUD Breaks Out on RBA- NZD Outlook Hinges on Job/Wage Growth
Daily FX / Posted 29 days ago
AUD/USD breaks out of the near-term range as the Reserve Bank of Australia (RBA) preserves its current policy & softens the verbal intervention on the local currency; looks poised for a larger rebound as the Relative Strength Index fails to maintain... Read more
6 related stories
30d
Daily FX
AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal InterventionAccording to a Bloomberg News survey, 25 of the 28 economists polled forecast t
AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention
Daily FX / Posted 30 days ago
According to a Bloomberg News survey, 25 of the 28 economists polled forecast the Reserve Bank of Australia (RBA) to keep the cash rate on hold at 2.00%, and the wait-and-see approach may help to boost the appeal of the aussie as market participants... Read more
6 related stories
30d
Daily FX
AUD/USD Multi-Year Trendline at Risk on Weak Data, Dovish RBADespite the recent range-bound price action in AUD/USD, the pair remains at ris
AUD/USD Multi-Year Trendline at Risk on Weak Data, Dovish RBA
Daily FX / Posted 30 days ago
Despite the recent range-bound price action in AUD/USD, the pair remains at risk for a further decline as price & the Relative Strength Index (RSO) retain the bearish formation carried over from May; may threaten the long-term upward trendline from... Read more
6 related stories
m
Daily FX
EUR/USD Outlook Remains Mired by Bearish Trend, Dovish ECBEUR/USD remains at risk of facing a further decline in August as price & RSI re
EUR/USD Outlook Remains Mired by Bearish Trend, Dovish ECB
Daily FX / Posted 1 months ago
EUR/USD remains at risk of facing a further decline in August as price & RSI retain the downward trend; may see a more meaningful run at the 1.0790 (50% expansion) to 1.0800 (23.6% expansion) region as long as the bearish structures remain in... Read more
3 related stories
m
Daily FX
Euro-Zone CPI to Spark EUR/USD Rebound on Sticky InflationThe Euro-Zone’s Consumer Price Index (CPI) may spur a bullish reaction in EUR/U
Euro-Zone CPI to Spark EUR/USD Rebound on Sticky Inflation
Daily FX / Posted 1 months ago
The Euro-Zone’s Consumer Price Index (CPI) may spur a bullish reaction in EUR/USD as sticky price growth in the monetary union dampens the European Central Bank’s (ECB) scope to implement more non-standard measures. Even though the ECB retains its... Read more
3 related stories

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