• Online Forex trading Community

  • Japanese foreign exchange reserves
    Japanese foreign exchange reserves, Japans foreign exchange reserves hit record high

  • New china forex rules
    New china forex rules, Chinas new forex rules arouse debate

  • $1.32 Euro Under Construction
    We pointed out 2 weeks ago that the ongoing decline (weakening) of the once strong inverse correlation between equities and USD would lead to a scenario of prolonged US strength regardless of the evolving trend in equities. As the correlation weakened from a strong -0.94 in November to -0.26 in the 1st week of January, it enabled us to forecast further advances in the greenback irrespective of intraday or daily moves in equities. By taking the other side of the coin and using the daily relation...

  • 2.12.2010
         The EUR/USD is continuing its decline, the USD/JPY may have completed its retracement. The GBP/JPY is in a congestion pattern within a decline, and the EUR/GBP pair is looking to continue its decline after an abcd retracement pattern.

  • 60's Impulse..Positive Divergences Loom...
    Yesterday we get some strong volume and blow through the 50-day exponential moving average on the Nasdaq. We fall only a bit below on the S&P 500 (4 points) and hold above it on the Dow. We didn't have all 3 major indexes trading below the 50-day exponential moving averages and that's what you want to see if you believe the market is ready for deeper selling than has already occurred. In addition, you don't want to clear by as little as we did on the S&P 500 as that's not a true breakdo...

  • What is Accumulation Distribution and the Formula to Compute It?
    Discover what the Forex Accumulation Distribution indicator is and how to calculate it using forex trading tools

  • A Perfect Setup for a Stock Market Correction
    Since there's no holy grail to analyze financial markets, the best approach is an eclectic one. So I incorporate as many tools as possible in my analysis, including: Fundamental valuations, macroeconomic models, monetary and fiscal policies, interest rate developments, sentiment and momentum indicators, and chart analysis.

  • A Start...
    Today we saw the Dow down as much as 210 points before it rallied off of some oversold 60-minute charts. It finished down 122 points which is still somewhat satisfactory for the bears. They can at least feel as if they did a little damage, although, there has to be some frustration over the fact that they couldn't even close the major indexes below the 20-day exponential moving average. Only when that is accomplished will they get the chance to take this market down to the 50-day exponential mo...

  • A bit of resistance at 90.50 in that pair
    S&P 500 trading at a new yearly and above the 1075.75 previous high from 23th of September.Would like to see a clean powerful break higher above this level to get excited about more upside. The weakness from 17th to 24th of September in the S&P 500 futures is still present and this is the area we need to blast through to get another rally higher. Since it has been able to make another yearly high this morning, we assume the previous weakness was temporarily, so looks bullish this morni...

  • A clear reversal is now present in both S&P 500 futures and Dow Jones futures
    S&P 500 futures breaking below 1070 support today after weaker than expected US Consumer Confidence data came out today. A clear reversal is now present in both S&P 500 futures and Dow Jones futures. So basically both charts are looking weak and a low volume up bar is now what we are looking for to get short. This view would be changed if S&P 500 futures break above 1100, which would open for another leg up. We are not surprised to see weaker US Consumer Confidence and seem like a...

  • A negative number means pessimist outnumber optimists
    Good morning from beautiful and freezing Hamburg. We’re still waiting for the first snow and hopes for white Christmas as every year. Anyway, we hope you enjoyed the weekend and wish you a good start into the new trading week.

  • A note on yesterday's US Retail Sales
    S&P 500 futures traded within a very tight range of 9 points today and closing up 1.25 points, basically flat. We are still looking for a confirmation of the breakout above 1104 in the form of a wide up bar closing on the highs on increasing volume. A noted yesterday we think this price pattern have to appear within the next 3 sessions or so to avoid a pullback. Volatilities in equities and FX options are dropping further today after the market looks confident that the down side has been b...

  • AUD/JPY
    Comment: Frustrating as the rally from a large ‘double bottom’ against the record low 55.00 area lasted a lot longer and corrected 61% of 2008’s decline, more than we had originally predicted. Interestingly bullish momentum did nothing but decline last year, suggesting we may be watching a ‘wedge’ formation in the making. Though not overbought small signs of instability last week, here and in a series of yen crosses, with potentially an ‘evening star’ forming this month. A monthly...

  • AUDUSD breaks above falling price channel
    AUDUSD break above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 0.8982 and the fall from 0.9327 has completed. Bounce to 0.9160 area to reach next cycle top is expected in a couple of days. Support is at 0.8982, only fall below this level could indicate that the fall from 0.9327 has resumed, then another decline could be seen to 0.8900 zone.{image "20100126_audusd_1.gif"}

  • AUDUSD breaks below rising price channel
    AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following pullback could take price to 0.8500 zone, however, a break below 0.8916 key support is needed to confirm such case. On the other side, as long as 0.8916 support holds, another rise towards 0.9500 is still possible.For long term analysis, AUDUSD is in long term bullish movement. Further rise towards 0.9500 area to reac...

  • AUDUSD broke below the rising trend line
    AUDUSD broke below the rising trend line on 4-hour chart, suggesting that a short term cycle top is being formed on 4-hour chart. Range trading between 0.9123 and 0.9325 is expected. As long as 0.9123 support holds, we’d expect uptrend from 0.8734 to continue and one more rise towards 0.9404 (Nov 16, 2009 high) is still possible. However, a break below 0.9123 will indicate that the rise from 0.8734 has completed, then deeper decline could be seen to 0.9000 or even 0.8850.{image "20100113_audus...

  • AUDUSD dropped below 0.9254 key support
    After breaking above 0.9326 previous high resistance, AUDUSD dropped below 0.9254 key support, suggesting that a short term cycle top has been formed at 0.9368 level on 4-hour chart and the rise from 0.8916 has completed. Pullback towards 0.9000 zone would more likely be seen in next several days. Resistance level is now located at 0.9368, only rise above this level will indicate that uptrend from 0.8916 has resumed, then next target would be at 0.9500 area.{image "20091113_audusd_1.gif"}

  • AUDUSD formed a short term cycle bottom
    AUDUSD formed a short term cycle bottom at 0.8946 level on 4-hour chart, further rise to test the resistance of the falling trend line from 0.9404 to 0.9321 is possible later today, a clear break above the trend line resistance will indicate that the fall 0.9404 has completed, then another rise towards 0.9500 could be seen to follow. Critical support is located at 0.8916, below this level will suggest that the uptrend from 0.7703 (July 13 low) has completed at 0.9404 already, then the following ...

  • AUDUSD pulled back to 0.9174
    After touching 0.9325 resistance, AUDUSD pulled back to 0.9174. A double top pattern is being formed on 4-hour chart and neck line is located at 0.9170, a break below this level will indicate that a short term cycle top has been formed and the uptrend from 0.8734 has completed, then deeper decline could be seen to 0.9000 or even 0.8850. resistance area is around 0.9325, only a clear break above this area will indicate that the uptrend from 0.8734 has resumed, then further rally could be seen to ...

  • AUDUSD remains in uptrend from 0.8567
    AUDUSD remains in uptrend from 0.8567 and the fall from 0.9125 is more likely consolidation of uptrend. Range trading between 0.8984 and 0.9125 is expected later today. As long as 0.8984 key support holds, we would expect uptrend to resume and another rise towards 0.9200 is still possible after consolidation. However, below 0.8940 level will indicate that a short term cycle top has been formed on 4-hour chart and the rise from 0.8567 has completed at 0.9125 level already, then the following pull...

  • AUDUSD stays in a rising price channel
    AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.8567, as long as the channel support holds, the price action from 0.9269 is treated as consolidation of uptrend, and another rise towards 0.9400 is expected. Key support is located at 0.9112, below this level will indicate that the uptrend has completed at 0.9310 level already, then the following pullback could take price to 0.9000 zone.{image "20091021_audusd_1.gif"}

  • AUDUSD tests significant support barrier
    AUDUSD - Once again bears took over the bulls place and is trying to test support barrier. Waiting action remains for now.EURUSD -Double bottom is formed, look for selling options below support barrier.EURGBP - Low trading range is extended, while support and resistance levels hold – further bouncing is expected.NZDUSD - Finally bears managed to breakout by support level, at the moment bears got more confidence. Selling options are on a table.

  • AUDUSD's bounce extended to 0.8992 level
    AUDUSD’s bounce from 0.8734 extended further to as high as 0.8992 level. Support is now located at the rising trend line on 4-hour chart. As long as the trend line support holds, the bounce is expected to continue and next target would be at 90.50 area. However, a clear break below the trend line will indicate that a short term cycle top has been formed and the rise from 0.8734 has completed, then another fall towards 0.8734 previous low is expected to follow.{image "20091230_audusd_1.gif"}

  • AUDUSD's uptrend extends to 0.9007
    AUDUSD’s uptrend from 0.8734 extends further to as high as 0.9007 level. As long as 0.8900 support holds, we’d expect uptrend to continue and one more rise towards 0.9050 area is still possible later today. On the downside, the pair could possibly be forming a short term cycle top at 0.9007 level on 4-hour chart. Key support is located at 0.8900, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.8734 has completed, then another fall towards 0.8734 coul...

  • AUDUSD: Correction With Upside Bias
    AUDUSD: Correction With Upside Bias - AUDUSD strengthened for eight months in a roll the past month building on its medium term uptrend triggered in late April’09. With this uptrend coming on the back of a base forming.

  • Absence of Major Buyers Keeps Lid on Equity Markets
    The absence of major buyers ahead of this week’s U.S. Non-Farm Payrolls Report was evident today as stock markets weakened following friendly jobs and service data.  In addition, today’s Fed minutes weakened the Dollar because of greater demand for higher yielding currencies, but this weakness in the Greenback failed to turn into greater demand for equities. Usually the first week of January sees an increase in cash from institutions and mutual funds, but this year, this buying power h...

  • After Decline, EUR Finally Advances Against the USD
    Daily Review 2/2/2010USD Dollar (USD) – The Dollar was mixed versus the majors after better than expected Manufacturing PMI and gains in equity markets led investors to bet on global economic recovery. ISM Manufacturing PMI came out stronger with 58.4 versus 55.5 expected. NASDAQ and Dow Jones gained by 1.11% and 1.17% respectively as a lift in energy stocks led by strong earnings from Exxon Mobil contributed to a broad incline. Crude Oil gained by 2.79% closing at 74.92$ a barrel on weaker Do...

  • Ahead of Bullish Break in Euro
    EUR Open and earlier preserved long positions have had positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement we can assume probability of rate return to close 1,5040/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts o...

  • Aid package announcement would be bullish for the Euro
    EURJPY vs. S&P 500 futures, ssee how the correlation has been totally off the last few months, but returned last week or so. Looking at the EURJPY vs. S&P 500 chart is looks like every time there has been a longer time of very low correlation it has been followed by a longer directional move.

  • All probably comes down to the US payrolls figure out on Friday
    S&P 500 futures closed up Wednesday and chart now shows a successful test, which is opening for a move higher to potentially test 1100 key resistance. Need to see a strong punch through this level to force stops and avoid selling from longs to get a successful break out. All probably comes down to the US payrolls figure out on Friday. A strong number would most likely result in a test of 1100 and a weak number would most likely open for move down towards 980 key support. We expect the unem...

  • Analyze Real Time Forex Charts to Improve Trading Performance
    Find Forex charts corresponding to your desired pair. Enjoy up to date data and real time feeds for best investment results

  • Announcement From Obama Pushed the USD for Mixed Results
    Daily Review 25/01/2010 USD Dollar (USD) – The Dollar finished mixed after Obama administration's plan to limit the size of the nation's largest banks and what trading activities they could engage in. Wall Street finished low. Dow Jones tumbled by -2.09% and NASDAQ depreciated by -2.67%. Crude oil plunged and fell to $74.15 reaching a one-month low. Gold (XAU) almost unchanged closed at 1093$ an ounce. Today, The Existing Home Sales is expected at 5.95M vs. 6.54M previously.EURO (EUR) – The...

  • Another Day Of Nothing.....
    And that's what we have basically every single day. The hardest part being is how difficult it is to short or go long stocks. Stocks set up to fall blast higher and stocks set up to soar fall apart. That's pretty much an every day occurrence. The market is getting lots of good economic news but this 1100 area is not allowing the market to move further along. Any time we get a bit over 1100, no matter what good news hits, it falls back from the breakout zone. You can make the argument that it's ...

  • Another Nothing Day..
    And that's with the Feds saying to leave interest rates alone for a long time to come. No fear of rising interest rates to come for our economy. The market shrugged off the good news in a way that said it knew this is what was coming all along. Good news can't break us out these days and we had lots of it today. Excellent news on the housing front and on the inflation front this morning, and then the news from the Feds, but the market can not break through this 1115/1119 wall of china. The mark...

  • Apple, Inc. Sends Equity Markets Higher During Extended Trading Hours
    Much better than expected earnings from Apple, Inc. is helping to drive U.S. stock index futures higher after the close.  This rally comes on the heels of a strong day session which saw equity futures rise to a new high for the year after several companies reported better than expected earnings or gave favorable future guidance.  With no place to get a better return, investors continue to pour money into the equity markets.  Unless some major force rears its ugly head, look for t...

  • Pattern Triangles
    Ascending and Descending triangles are important Forex trading trend patterns that are taught in this guide.

  • Asian−Pacific Nations Pledge to Maintain Stimulus
    The U.S. Dollar is trading mostly weaker this morning following the decision by Asian-Pacific nations to maintain stimulus until the global economy shows “durable” growth.  The pledge to continue the commitment toward liquidity has reduced the attraction of holding the U.S. Dollar.

  • Asset Allocation Play Continues; Stock Rise, Treasuries Break Overnight
    U.S. stock indices are trading better overnight.  Last night’s rally took out the recent top in the March E-mini S&P 500, reaching 1114.75.  The next upside targets are 1119.00 to 1122.00.  Optimism over a U.S. economic recovery is encouraging investors to seek higher yielding stocks at the expense of Treasuries and Gold.

  • Asset Allocation Play Drives Stocks Up; Treasuries Down
    U.S. equity markets are trading higher at the mid-session as traders bet that the U.S. economy will continue to recover even in the face of higher interest rates. Investors are reallocating funds from Treasuries into the stock markets. Traders feel that the best return will be in equities in 2010 while higher interest rates will erode the value in T-Bonds and T-Notes.This morning’s recovery in the U.S. Dollar could be a sign that risk sentiment may not be the driving force behind price action...

  • Asset Allocators Shift Money to Stocks While Shunning Treasuries
    Real buying returned to the stock market today as investors shifted money from fixed-income Treasuries to higher yielding equities.  This is all part of a reallocation of assets.  Investors are betting on a U.S. economic recovery to drive stock prices higher in 2010.  On the other hand, investors are betting that the value of Treasury Bonds and Notes will continue to erode as interest rates rise.

  • Attempt of Bullish Break in Euro
    EUR The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bullish activity as the result of the previous trading day, regardless of sign of rate overbought gives grounds for supposition of bullish choice in planning trading operations for today. Hence and considering the case of further rate range movement, we can assume probability of rate return to close 1,4460/80 supports, where it ...

  • Australia's retail sales strengthened 0.3 percent in October
    Good morning and welcome to Varengold’s Daily FX Report. Today we expect further interesting economic data from Europe and the United States and of course the ECB rate decision. However, we wish you good luck and a successful trading day.

  • Australian Dollar Drags Higher Yielding Currencies Lower
      Weakness in the AUD USD is dragging higher yielding currencies lower overnight.  This is leading to the call for a stronger U.S. Dollar on the opening.  Investors are becoming more risk averse ahead of three major central bank meetings this week.  On November 4th the U.S. Federal Reserve holds its FOMC meeting.  This will be followed by the European Central Bank and the Bank of England on November 5th.

  • Bad Housing Starts Report Limits Upside Movement in U.S. Equity Markets
    Despite the weakness in the Dollar today, U.S. Equity markets could not get on track for a rally because of a bad housing starts report. This morning’s decline in U.S. Housing Starts capped gains throughout the day although the markets were able to eke out a slightly better close. Traders are beginning to question stock valuations given the current weak state of the economy.

  • Bank Holiday Pushes USD Down
    Daily Review 19/01/2010USD Dollar (USD) – The Dollar weakened versus most majors after a low volume session and gains in world equity markets worldwide pushed the Dollar lower versus the other majors. U.S stock markets have been closed due to Martin Luther King Day. Crude was almost flat with 0.22% closing at 78.25$ a barrel and Gold (XAU) almost unchanged closing at 1131.10$ an ounce. Today, TIC Long Term Purchases are expected stronger with 30.3B versus 20.7B prior. EURO (EUR) –The Euro g...

  • Bank of Canada Announcement Sends USD CAD Soaring
    This morning the Bank of Canada announced that interest rates would remain at 0.25 percent until June 2010 and that it was still concerned about the strength of the currency and its possible negative affect on exports. This news helped send an already strong USD CAD sharply higher. Technically, the U.S. Dollar crossed over to the bull side of the 1.0991 to 1.0205 range when it crossed the mid-point at 1.0588. The EUR USD is continuing to weaken after breaking the last main bottom at 1.4801 ye...

  • Bank of Canada Warns about Canadian Dollar's "persistent strength"
    The USD CAD closed higher on Tuesday after the Bank of Canada left interest rates unchanged but warned about the Canadian Dollar’s “persistent strength” and its possible negative impact on the economy.  Since October the BoC has been issuing statements regarding the rapid rise in the Canadian Dollar and its potential detrimental effect on the recovering Canadian Dollar. Warnings have ranged from mild to stern and some have come from Prime Minister Harper.  In this case, the BoC ...

  • Bank of England Policy Decision Could Trigger Volatile Moves
    Yesterday the Federal Reserve laid out the groundwork for another 30 days of increased demand for higher yielding assets by remaining committed to low interest rates for an “extended period” of time.  Traders reacted on Wednesday as if this news was already in the market.  This makes today important because the inability to follow-through to the upside in the currencies, crude oil and equities could trigger a massive liquidation break.

  • Bases Remain...Financial's Weak....
    Folks, there are only so many ways I can say the same thing day after day is this, the hardest trading market I've seen in a very long time. Every day there are great long and short set ups that fail for no good reason. Some work. Some do not and there's no rhyme or reason to it. Normal technical analysis just isn't working. Rotation everywhere in a whipsaw like fashion. It seems almost intentional the way that the powers that be are moving things around. Earlier this week we lost the top of th...

  • Bases Setting Up Below Key 1121 S&P 500 Pivot....
    The more I watch this market through its every day whipsaw, the more I am convinced that the next decent move is going to be a higher one. Please study the charts tonight that are being provided for you and notice how so many of the index charts are forming bases, longer-term ones as well, right beneath major breakout levels. 1120 is the price breakout on the S&P 500, but 1121 is the official 50% retrace level of the entire move from the Bull market high of 1576 to the March lows at 666. M...

  • Bases Still Set Up Bullish...
    It's an endless pit of nothing. I know that's what it feels like folks. A market that seemingly can't move. No volatility. Hours of the market trading in such a small range. We're not used to that after the experience of having the market blasting off from March until September. Seven sweet months of beautiful gains that spent very little time pulling back. A market that wanted nothing but higher seemingly every day. Then we get four months of this range bound market and we yearn for that type ...

  • Battle Lines Are Set Up...
    The bulls lost those important 20- and 50-day exponential moving averages nearly two weeks ago and are now in the process of trying to back test and break back through. The real question on everyone's mind is whether the market is broken for good or whether the market is going to roar back and March higher. Good cases can be made for both sides to be fair. The bears can claim that the market made its first breakdown out of an initial thrust down in now over one year. That was a nice change of t...

  • Bear Flags Break Down...
    The question becomes for the masses, does that matter very much or is it really not very relevant? Let's discuss what breaking down from bear flags can and usually does mean. If we go back to the March lows of 2009 we can see there was never a time during a pullback where the market basically stood still and formed a bear flag. Pretty much right back up once we had some selling. Strong hollow black candles which left little doubt about what was taking place. All selling was being gobbled up in ...

  • Bearish Activity in Euro Resumed
    EUR

  • Bearish Break in Euro
    EURThe pre-planned break-out variant for sales has been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked preservation of sales activity priority, regardless of rate oversold sign, suggests further preference of bearish direction in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close resistance levels at 1,3740/60, where it is recommended to evaluate the d...

  • Bearish Break in Euro
    EUR The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked no clear bullish counteraction on relative rise of sales activity, suggests priority of bearish direction in planning trading operations for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to 1,4040/60 levels, where it is recommended to evaluate the development of the ...

  • Bearish Break in Euro Took Place
    EURThe pre-planned sales from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked sign of rate overbought considering firm bullish counteraction, suggests preference of sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to channel line 1 at 1,3520/40, where it is recommended to evaluate the development of the activity...

  • Bearish Comments Sink Stocks into Close
    Stocks tumbled late in the trading session to finish lower for the day after bank analyst Dick Bove downgraded Wells Fargo Bank to a “sell.”  In addition, stores circulated that Wal-Mart executives warned that the Christmas season would be “tough.”  The technical closing price reversal indicates a possible top which could start a 2 to 3 day break.  Today’s trading action has also made this market susceptible to a weekly reversal down which would be a more significant in...

  • Bearish Concern in Euro Strengthens
    EUR The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked high level of bearish activity at break of key supports gives grounds for supposition of at least incompleteness of rate decline cycle. Therefore, considering upward indicator direction we can assume probability of rate return to close 1,4900/20 resistance levels, where it is recommended to evaluate the development of the activity of both partie...

  • Bearish GBP and USD positions reduced
    The latest IMM data covers the week from 27 October to 3 November. Speculative investors further reduced their dollar short positions ahead of last week’s FOMC meeting and the US employment report. The reduction in short US dollar  positions coincided with further losses on equity markets and the move in EUR/USD below 1.47. The IMM data also shows that short GBP positions were reduced ahead of the BoE meeting, at which the Bank increased its asset purchase programme by a  less-t...

  • Bearish News Boosts Dollar's Appeal as Safe Haven
    The U.S. Dollar is up sharply overnight after a slew of negative economic events drove traders to the safety of the Greenback.  The Dollar is up against European and Pacific Rim nations while falling to the lower yielding Japanese Yen.

  • Bearish Trend in Euro
    EUR The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity, gives grounds for supposition of further rate range movement with no affirmative choice of priorities in planning trading operations for today. Therefore, as earlier we can assume probability of rate return to 1,4760/80 levels, where it is recommended to evaluate the develop...

  • Bearish Trend in Euro
    EUR The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, and fall in both party activity as a result of the previous trading day gives grounds only for petty correction of earlier designed trading plans. Namely, we can assume probability of rate return to close border of Ichimoku cloud at 1,4700/20, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time i...

  • Bearish Trend in Euro
    EURThe pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked close parity of both party activity, suggests probable period of rate range movement, but favoring sales in planning trading operations for today. Hence, we can assume probability of rate return to channel line 1 at 1,3660/80, where it is recommended to evaluate the development of the activity of both parties in accordance wi...

  • Bearish Trend in Euro Continues
    EUR The pre-planned break-out variant for sales has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked relative rise of both party activity as the result of the previous trading day, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering preservation of bearish party priority, and taking into account sign of bullish activity incompleteness, we can ass...

  • Bearish Trend in Euro Is Getting Stronger
    EUR

  • Bearish Trend in Euro Loses Its Momentum
    EUR The pre-planned break-out variant for buyers has been implemented, however, with loss in several points in attainment of minimal anticipated targets. OsMA trend indicator, having marked relative rise of buying activity, suggests incompleteness of bearish development period and, as a result, holding of open long positions for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,3600/20 supports, where it is recommended...

  • Bearish Trend in Euro Must Go on
    EURThe pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked high degree of bearish activity, suggests preference of choosing sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of reaching borders of Ichimoku at 1,3720/40 levels, where it is recommended to evaluate the development of the activity of bo...

  • Bearish Trend in Euro Resumes
    EUR The opened and held short positions have had a positive result in overlap of minimal anticipated target and, at this point, considering current sales activity, the targets remain at 1,3980/1,4000 levels, and (or) further break-out variant up to 1,3920/40, 1,3860/80. The alternative for buyers will be above 1,4140 with the targets of 1,4180/1,4200, 1,4240/60.

  • Bearish Trend in Euro Strengthens
    EUR Earlier opened and held short positions have had a positive result of overlap of the anticipated targets. OsMA trend indicator, having marked priority of bearish activity development, regardless of signs of rate overbought, gives grounds for choosing planning sales for today. Hence, we can assume probability of rate return to close resistance levels at 1,4220/40, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter ti...

  • Bears Trying....
    Not exactly blowing the bull's house down but trying. A start. They were successful in at least taking the S&P 500 below 1074, and they did it without a gap down, although, that is actually the weakest way to do it because there's no wall of resistance directly above. However, props to the bears for finally getting things going their way. The bulls now have to find the right tonic of news, and fast, to get this market back over the 20-day exponential moving averages and above the S&P 50...

  • Bears confidence for EURUSD is extended
    Bears are in good shape, significant barrier at 1.3632 is broken. A slide below this level initiated stronger movements by bears. Negative trend is extended further downside, look for selling possibilities below support barrier.{image "eurusd_20100215072240.jpg"}

  • How to Become a Forex Broker
    Receive expert advice and inside tips from pro traders to ensure your leap to seasoned forex broker is successful.

  • Been looking weak ever since it took out that support at 1.6788 last week
    The bearish momentum increased over the last week and it bounced off that 1.2490 level Friday some 240 pips up to 1.2750, but since reversed lower and it broke through the 1.2490-80 support level overnight and next support level is now the January 2006 high of 1.2323. The bearish momentum is intact below the former underlying support, now resistance at 1.2626 for today.

  • Been looking weak ever since it took out that support at 1.6788 last week
    The bearish momentum increased over the last week and it bounced off that 1.2490 level Friday some 240 pips up to 1.2750, but since reversed lower and it broke through the 1.2490-80 support level overnight and next support level is now the January 2006 high of 1.2323. The bearish momentum is intact below the former underlying support, now resistance at 1.2626 for today.

  • Beginner Traders' Corner−− USD/JPY Still in a Downtrend, but Positioning for a Break?
    {image "USDJPY+2-15-2010+2-28-27+PM_20100215203752.png"}From a technical perspective, USD/JPY is in a downtrend on a 4-Hour Chart, but is within an uptrend on the shorter term.   The pair has made a retracement from its downtrend marked by the high on the chart to the low (93.75 on jan 7 2010, to 88.53 on Feb 4 2010) and made it all the way  back to the 38.2% Fibonacci level which also coincided with the downwards trendline on this move.  The pair has been unble to get above these...

  • Beginner Traders' Corner−−− USD/CAD
    {image "usdcad2-8-2010+5-50-15+PM_20100208232108.jpg"}USD/CAD is trading right now around the 1.0750 level on the daily chart just between the 100 and 200 Day Moving Averages respectively.  Look to these levels for immediate support and resistance on a daily basis and to give direction to the pair in the coming weeks.  If you look at my earlier post  you will notice that we examined this pair in January and were looking for a break of the 100 day moving average around 1.0550 (whic...

  • Beginner Traders' Corner−−−−−−−−−−GBP/USD Making a Move Out of Consolidation
    The Claimant Count is the UK's most timely measure of unemployment. The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the UK labor market. Higher job growth accompanies economic expansion and could spark inflationary pressures.

  • Beginning Traders' Corner
    EUR/USD has broken it's Bear Flag formation that had been forming since it's break of the 100 Day Moving Average, around 1.4600/ 1.4620 on 12/15/09.  Since then it has been trading in a range from roughly 14260 to 1.4577  until today, when it broke the 38.2% Fibonacci Retracement Level and 200 Day Moving Average at 1.4280.  Right now the pair is currently trading around 1.4100.  and Is targeting the 1.4000 (S2) level, which is incidentally the 50% Fibonacci Retracement Level...

  • Bernanke Comments Rattle Treasury Bonds
    Treasury futures are trading lower at the mid-session following comments from Fed Chairman Bernanke hinting at an interest rate hike. Although Bernanke did not pinpoint when interest rates would rise, he did propose the Fed’s strategy on ending stimulus and hiking interest rates. Additional pressure is coming from the increased T-Bond and T-Note supply which will hit the market after the Treasury auction. Finally, if the European Union announces its plan to help out Greece, Treasuries are like...

  • Bernanke from raising the key interest rate
    Good morning and welcome to our first Daily FX Report of this week. From an economic point of view it seems that the week may start quietly with only a few economic data. However, we wish you a good start and successful trades.

  • Better Housing Number Boosts Stock Indices
    U.S. stock indices closed near the high of the day following the release of a better than expected U.S. existing home sales report.  Traders increased long positions on expectations of a strong recovery in the U.S. economy.  Last night’s rally took out the recent top in the March E-mini S&P 500, reaching 1114.75.  The next upside targets are 1119.00 to 1122.00.  Optimism over a U.S. economic recovery is encouraging investors to seek higher yielding stocks at the expens...

  • Better Housing Number Boosts Stock Indices
    U.S. stock indices added to their earlier firm tone with a strong rally following the release of a better than expected U.S. existing home sales report. Traders increased long bets that the U.S. economy would continue to recover. Last night’s rally took out the recent top in the March E-mini S&P 500, reaching 1114.75. The next upside targets are 1119.00 to 1122.00. Optimism over a U.S. economic recovery is encouraging investors to seek higher yielding stocks at the expense of Treasurie...

  • Better Than Expected U.S. Retail Sales Report Drives Dollar Sharply Higher
    The U.S. Dollar soared to the upside after the government reported better than expected retail sales in November. The increase was more than twice pre-report estimates. The Greenback received an additional boost after the University of Michigan reported a greater than expected uptick in consumer confidence.Market participants want to see stability in the labor market and an increase in consumer spending. The bullish response to the retail and consumer confidence numbers is as sign that specul...

  • Better than Expected GDP Could Support Demand for Higher Risk Assets
    U.S. stock indices may see fresh buying today if GDP exceeds today’s consensus estimate of 4.5%. What this market needs right now is a shot of confidence, and news that the economy is improving at a better rate than forecast could be exacting what investors have been waiting for. The problem is whether investors will be paying more attention to past data such as the GDP or current reports regarding sovereign debt issues in Greece and Portugal.

  • Bid Ask Prices
    Learn the meaning of the Forex Trading bid and ask prices and how to trade using them. Download trading software platforms FREE

  • Bollinger Bands
    Find out how you too can use Forex trading Bollinger bands in our school and trading platform. learn today trade tomorrow

  • Boost in Appetite for Risk Pressures Dollar
    An increase in demand for risk is putting pressure on the U.S. Dollar overnight. Tensions have been easing all week on speculation the European Union will accept the latest proposal by Greece to shore up its budget deficit. In addition, talk is circulating that the E.U. and the International Monetary Fund are likely to rescue Greece should the situation warrant such moves.  Asian traders like the news and are boosting demand for higher risk assets and higher yielding currencies.

  • Bouncing Off Of Oversold...
    The masses are now wondering if the down trend is over. A brief interlude to the down side to unwind things and now that this has taken place, it's all good from here. I wouldn't get too bullish too fast here. We're still below the 20- and 50-day exponential moving averages across the board and those will need to be taken out with force before you can get too bullish. A move off of oversold, which we talked about on Friday, was expected. RSI's in the low 30's on the daily charts and oversold on...

  • Bouncing Off Oversold...
    But the market needs more unwinding. It can do it in two ways, of course. It can move in a base or laterally. Up, down, up, down, etc. The other way is a good old fashioned period of harder selling. One way or the other it should get the job done over the coming days and weeks. We are simply too stretched out here on the medium to longer term time frame charts to continue blasting higher but that doesn't mean we're going to fall apart. To the contrary, I don't think that's in the cards at all a...

  • Breakout Holds....
    The bears tried this morning to take things lower after yesterday's clean breakout over S&P 1080. The futures were down pre-market but worsened once the earnings came out from Goldman Sachs Group (GS) and Citigroup, Inc. (C). The numbers fro m GS were solid but it had been straight up and needed a pause in the action. It certainly got that refresher pre-market as it was down about 5$. Citigroup, Inc. (C) was awful. Less of a loss than expected but they're still bleeding out badly and this h...

  • Breakout!!!
    So we finally said goodbye to 1080 S&P 500 after trading in between the gap for a month or so. One break down below along the way that was quickly recovered. You had to figure it would take time to get through since the gap down from 1080 to 1060 in October 2008 was on massive volume and started another strong leg lower. Lots of willing sellers at that magical 1080 level.

  • British Pound Rallies amid Rise in U.K. Trade Balance
    The U.S. Dollar finished higher on Tuesday against a trade weighted basket of currencies while losing ground to the British Pound and Japanese Yen. Risk aversion was high as demand for safer assets rose after China’s central bank took action to prevent the economy from overheating. This was a strong hint that it was prepared to raise interest rates and end government stimulus measures.

  • Bullish Break in Euro
    EUR The break of last week`s top with priority of bullish activity gives grounds for choosing bullish direction in planning trading operations for today. Therefore, at this point, considering reversal point of OsMA trend indicator, we can assume probability of rate return to close 1,4440/60 support levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions on condition o...

  • Bullish Break in Euro Took Place
    EUR The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of reversal bearish signal so far does not clarify the level of bearish opposition. Therefore, considering earlier chosen priority of bullish direction in planning trading operations for today, and taking into account current bearish cycle of indicator chart, we can assume probability of rate return to close 1,5060/80 supports, where it ...

  • Bullish Consolidation Under The Gap Top At 1080 S&P 500 ...
    These are more than interesting times. You have stocks continuing to move higher off the March 666 S&P 500 lows. Every critical level of resistance struggles initially but eventually gets taken out to the up side over time. Each time it fails initially, the bears come out and say the top is in but that just hasn't been the case. The bulls fight and ultimately wear down the will of the bears and move the markets higher.

  • Bullish Correction in Euro Completed or Risk of Bearish Break
    EURThe estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked relative rise of bearish activity as well as current cycle of bearish activity, suggests holding of earlier opened short positions with the targets of 1,3700/20, 1,3640/60 1,3560/80 and (or) further break-out variant up to 1,3500/20, 1,3440/60, 1,3380/1,3400. The alternative for buyers will be above 1,3860 with the tar...

  • Bullish GDP Report Launches Equity Market Rally
    A bullish U.S. Third Quarter GDP Report this morning has helped launch a strong rally in the December stock index futures. Traders have renewed their demand for higher risk assets after a four-day decline. Technically, the markets are only retracing the recent down move. A close on the high and a follow-through rally tomorrow will be a better indication that the correction is over. Although the report was bullish, it is stale data. Traders want may want to see if the economy continues to im...

  • Bullish Momentum in Euro Resumed
    EUR The pre-planned break-out variant for buyers has been implemented, and attainment of anticipated targets is supported by relative rise in bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering reversal sign of indicator chart, we can assume probability of rate return to close 1,5000/20 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time inte...

  • Bullish Momentum in Euro Resumes
    EUR The assumed rate return to the key resistance range levels has been confirmed, however, essential rise in bullish activity, marked by OsMA trend indicator, has been a negative moment for implementation of the pre-planned short positions. Furthermore, at this point, considering supposition for choosing bullish planning priorities, we can assume probability of rate return to close 1,4300/20 supports, where it is recommended to evaluate the development of the activity of both parties in accord...

  • Bullish News Out of China Helps Spike Equity Markets Higher
    Bullish reports out of China helped stock markets recover in Asia, leading to a strong rally in the December E-mini S&P 500.  News that China’s November exports fell 1.2 percent following a 13.8 percent decline in October helped spike U.S. equity markets to the upside.  The strong rally overnight helped take out yesterday’s high, and a retracement level in the S&P contract at 1106.25.  The key to a rally today will be whether investors are willing to chase this market...

  • Bullish Potential in Euro Is Lost
    EUR The pre-planned break-out variant for sales has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked break of key supports by expanding tendency of sales activity strengthening gives grounds to choose bearish side for planning priorities for today. Hence and considering current bullish direction of indicator chart we can assume probability of rate return to 1,4920/40 support levels, where it is recommended to evaluate the development of the ac...

  • Bullish Potential in Euro Shrinks
    EUR The estimated rate return to the key supports has been inplemented with condition for implementation of the pre-planned buying positions. At this point, considering preservation of bullish party priority and ascending indicator chart, the targets for open long positions remain levels of 1,4500/20, 1,4560/80 and (or) further break-out variant up to 1,46620/40, 1,4680/1,4700. The alternative for sales will be below 1,4370 with the targets of 1,4300/20, 1,4200/40.

  • Bullish Potential in Euro Strengthens
    EUREarlier opened and held short positions did not have a positive result within the frames of the previous trading session. OsMA trend indicator, having marked strengthening of buying activity, delivers negative signs regarding holding of earlier opened sales. Therefore, at this point, considering preference of bullish direction in planning trading operations for today and current descending direction of indicator chart, we can assume probability of rate return to close 1,3720/40 supports, whe...

  • Bullish Priorities in Euro
    EUR The pre-planned break-out variant for buyers has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked in the bigger picture the preservation of bullish party activity, gives grounds to pre4serve buying position priority for today. Therefore, considering current cycle of bearish activity according to OsMA trend indicator, we can assume probability of rate return to close 1,4920/40 supports, where it is recommended to evaluate the development of...

  • Bullish Priorities in Euro under Doubt
    EUR The estimated test of key resistance range levels has been confirmed, but relative rise in buying activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. Nevertheless, in the bigger picture, considering close parity of both party activity while rate is contained within the borders of Ichimoku cloud, we can assume probability of rate range movement with attainment of close border of the cloud at 1,4980/1,5000 levels, where it is re...

  • Bullish Trend in Euro Is Completed
    EUR The estimated test of key resistance range levels for implementation of sales has not been confirmed, but anticipated rate decline has revealed signs of rate oversold not favoring positive implementation the break-out variant. Therefore, at this point, considering ascending direction of OsMA trend indicator, we can assume probability of rate return to the border of Senkou Span B in Ichimoku cloud at 1,4400/20, where it is recommended to evaluate the development of the activity of both parti...

  • Bullish Trend in Euro Preserved
    EUR The estimated test of key supports has been confirmed, however, strengthening of bearish activity, marked by OsMA trend indicator, has not been considered as a positive sign for implementation of the pre-planned buying positions. Therefore, at this point, considering no clear signs regarding choice of planning priorities, we can assume probability of rate return to close 1,4460/80 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accor...

  • Bulls Fight Back...
    Yesterday we get a strong gap down that runs lower all day. A trend down day that puts the bulls on notice for more down side action. The move lower coming from overbought oscillators on those daily charts. Surely the market could use some time off to get things unwound. Give the bulls a breather. The market could use it so let’s just continue the selling today. Not to be. The market rallied early on and failed right where it was supposed to. Right at the back test of the gap down that would ...

  • Bulls Punch Back...
    Just when it looked like all hope was lost for this rally to hang in there, the bulls fought back today in a big way, engulfing the losses from yesterday. Not much news to go on except some good Dow earnings reports this morning. The market gapped down big on the Nasdaq, but the Dow wanted green. The market was bifurcated with the Nasdaq down 10, but the Dow up 40 an hour or so in. After that, the Nasdaq started to reverse while the Dow kept going. The S&P 500 started lower but it too rever...

  • Bulls Snap Back...Take 50's With Them..For Now...
    Are we having fun yet? This whipsaw is classic. It's more the sign of a mature market that needs a lateral consolidation due to the great move it made over the past few months. Mature meaning, upside isn't easy but difficult to kill because the economic news and earnings reports are so good overall. Push and pull which allows a longer term lateral basing pattern to form to cool down the oscillators and emotions from a too bullish perspective. Now, even though we never got overly bullish in sent...

  • CAD/JPY
    Comment: In the first working week this year the Canadian dollar inched up to 90.60, higher than July’s high. After last week’s ‘bearish engulfing’ candle we can say that this was an ‘extension’ and that the cross will trade below 90.00 for the rest of this month, maybe a lot longer. This week prices will probably try and hold above the top of the good-sized Ichimoku ‘cloud’. Then down towards the moving averages early in February, eventually the bottom of the ‘cloud’ and a ...

  • CHF
    Comment: Having re-tested the psychological level at parity, the US dollar bounced a little in thin year-end conditions. One of last year’s worst-performing currencies (with Swiss National Bank intervention to keep it weak against the Euro), it nevertheless managed a 10% appreciation against the greenback. So much for a strong dollar policy and recapitalisation. Attitudes to the Swiss franc seem to have changed over the holidays and it is currently trading at its strongest ever on the Bank of...

  • CHF − This week's dip below the 9−week moving average has turned momentum bearish
    Comment: Having re-tested the psychological level at parity, the US dollar bounced a little in thin year-end conditions. One of last year’s worst-performing currencies (with Swiss National Bank intervention to keep it weak against the Euro), it nevertheless managed a 10% appreciation against the greenback. So much for a strong dollar policy and recapitalisation. Attitudes to the Swiss franc seem to have changed over the holidays and it is currently trading at its strongest ever on the Bank of...

  • CHF/JPY
    Comment: A powerful chart combination with last week’s ‘bearish engulfing’ candle following on from the previous week’s ‘hanging man’. Once again it underlines the formidable resistance that lies between 90.00 and 91.55, an area that limited the top throughout the whole of 2009. The weekly Ichimoku ‘cloud’ has at last stared to thin, so perhaps we are building for a sustained break lower. Moving averages and Ichimoku ‘cloud’ indicate we are in bear mode and it is just a matt...

  • CRUDE OIL: Digesting Medium Term Rally With Eyes On The Upside
    CRUDE OIL: Digesting Medium Term Rally With Eyes On The Upside - Although Crude Oil is now lagging behind Gold in terms of upside offensive and continuation of its medium term uptrend, from …

  • Cable Sideway Range
    EUR The pre-planned long positions from key supports were implemented with the achievement of minimal and main estimated target. OsMA trend indicator having marked relative activity rise of both parties does not clarify the choice of planning priorities for today. Nevertheless, considering rate position above Ichimoku cloud favouring to bullish party as well as the sign of bearish cycle incompleteness we can assume probability of the achievement of Ichimoku cloud at 1,4680/1,4700 levels, where ...

  • Calm before the Rally?
    EUR The estimated test of key resistance range levels for implementation of the pre-planned short positions has not been confirmed, but fall in both party activity as a result of the previous trading day, does not give grounds for any amendments to earlier designed trading plans. Therefore, as earlier, we can assume probability of rate return to 1,4760/80 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time i...

  • Carry Trade Reversal Pressuring Equity Markets
    U.S. equity markets are under pressure this morning following a better than expected Non-Farm Payrolls Report. This morning the government reported a surprise drop in the unemployment rate to 10 percent. Pre-report estimates were for the unemployment rate to remain unchanged at 10.2 percent. In addition, the total jobs lost came in at 11,000, well above estimates of 125,000. The October job loss was revised lower.Traders initially bought stocks on the news but turned into sellers on the thoug...

  • Central Bank Purchase Sends Gold Soaring
    News that the Reserve Bank of India purchased 200 metric tons of gold from the International Monetary Fund is sending prices soaring today. The transaction which was worth about $6.7 billion is encouraging speculation that other central banks may be looking to buy gold. December Gold broke through its October high at $1072 early in the morning and is now pushing toward the $1085 area. New support is at the old top. There is no resistance at this time which means $1100 is the most likely targe...

  • Central Banks Move Reserve Currencies from USD to EUR and JPY
    Daily Review 13/10/2009USD Dollar (USD) – The Dollar weakened versus most majors as more central banks moved bigger parts of their reserve currencies from Dollars to Euros and Yen. NASDAQ closed almost flat with -0.01% and Dow Jones gained by 0.21%, Crude rose by 0.75% closing at 73.10$ a barrel, Gold (XAU) gained by 0.55% closing at 1055.4$ an ounce on weaker Dollar. Today, the Federal Budget Balance will be released and is expected better with -77.3B versus -111.4B prior. Fed's Member Kohn w...

  • Chart Pattern Suggest Further Weakness in Dollar
    The U.S. Dollar finished lower against a basket of currencies for the fifth straight day in sluggish trading. Contributing to the weakness were reports that U.S. Jobless Claims rose last week by the largest amount in five weeks and U.S. Retail Sales were down. 

  • Chart of the Day – AUD/USD
    {image "COTD-2009-11-16_20091116162240.JPG"} 11/16/2009 – AUD/USD – Price action to start the week on AUD/USD, a daily chart of which is shown, has just tentatively broke through to establish a new 15-month high for the pair, but only by a handful of pips thus far. This currency pair continues to operate within the context of a long-term uptrend extending from March. If the current bullishness continues and closes significantly above the resistance imposed by the last 15-month high (around ...

  • Chart of the Day – AUD/USD
    {image "COTD-2010-01-12_20100112154542.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2010-02-03_20100203162330.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2010-01-14_20100114155240.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2009-10-28_20091028143008.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2009-11-02_20091102155038.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "2010-01-26-COTDs_20100126182927.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2009-12-15_20091215171608.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2009-11-09_20091109153727.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – AUD/USD
    {image "COTD-2009-12-18_20091218163426.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/JPY
    {image "COTD-2009-11-19_20091119161631.JPG"} 11/19/2009 – EUR/JPY – Price action on EUR/JPY, a daily chart of which is shown, is displaying dramatic yen strengthening today on stock market declines that is also abundantly clear on other major yen pairs/crosses like USD/JPY and GBP/JPY. In the case of EUR/JPY, price has descended all the way down to approach a dynamically-ascending support line extending from the April low. This support line constitutes the bottom border of a large, prolonge...

  • Chart of the Day – EUR/JPY
    {image "COTD-2009-12-04_20091204162236.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/JPY
    {image "COTD-2010-01-22_20100122161820.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/JPY
    {image "COTD-2010-02-09_20100209160320.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/JPY
    {image "COTD-2010-01-22_20100122161820.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2009-12-08_20091208155733.JPG"} 12/08/2009 – EUR/USD – Price action on EUR/USD, a daily chart of which is displayed, has shown strong signs of ending, or at least seriously interrupting, the strong uptrend that has prevailed in the pair since the March lows. The pair has not only made a bonafide breakdown of the steep uptrend support line that has been in place for much of the year, it has also just made a tentative breakdown below key support in the 1.4800 price region, establ...

  • Chart of the Day – EUR/USD
    {image "COTD-2009-12-22_20091222160416.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2009-12-14_20091214165013.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2010-02-05_20100205165328.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2010-02-02_20100202160043.JPG"} 2/02/2010 – EUR/USD – Price action on EUR/USD, a 4-hour chart of which is shown, has made yet another bullish retracement within the context of the new overall downtrend. The current leg of this new downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline. Within the context of this downtrend resistance line, price has made several breakdowns of both short-term uptrend support lines and horizontal support ...

  • Chart of the Day – EUR/USD
    {image "COTD-2009-10-20_20091020142208.JPG"} 10/20/2009 – EUR/USD – Price action on EUR/USD, a daily chart of which is shown, has just reached a new 14-month high, and has stalled around yet another resistance level (just under the 1.5000 price region), within the context of a strong continuing uptrend. This uptrend is framed by a clear parallel uptrend channel that has been firmly in place since the March lows. The overall trend and directional bias continue to be bullish, although the sho...

  • Chart of the Day – EUR/USD
    {image "COTD-2010-01-05_20100105153838.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2010-01-20_20100120145213.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2009-12-01_20091201155235.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2009-11-13_20091113162716.JPG"} 11/13/2009 – EUR/USD – Price action on EUR/USD, a daily chart of which is shown, has corrected back down to an uptrend support line after falling short of re-testing the 14-month high just above 1.50. Until a significant downside breach of this support trendline occurs, this currency pair is still very much in uptrending mode. The key upside level to watch is still in the region of the 1.5060 long-term high, as any significant breakout above this...

  • Chart of the Day – EUR/USD
    {image "COTD-2009-11-03_20091103160621.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2009-10-29_20091029143600.JPG"} 10/29/2009 – EUR/USD – Once again, price action on EUR/USD, a daily chart of which is shown, has turned up and respected a key uptrend support line extending from the March lows. This occurs after dollar-strengthening price action for the past week has prompted EUR/USD to correct back down to this uptrend line on the heels of hitting a 14-month high around 1.5060 in the beginning of the week. The current uptrend support line (which has now been r...

  • Chart of the Day – EUR/USD
    {image "COTD-2010-01-28_20100128171334.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2010-02-12_20100212154433.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – EUR/USD
    {image "COTD-2010-02-17_20100217154324.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – GBP/USD
    {image "COTD-2010-02-18_20100218161017.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – GBP/USD
    {image "COTD-2010-02-08_20100208155801.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – GBP/USD
    {image "COTD-2009-10-21_20091021143706.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – GOLD
    {image "COTD-2010-01-06_20100106162116.JPG"} 1/06/2010 – GOLD – Despite the deep bearish correction that occurred in spot gold (a daily chart of which is shown) in the month of December, price action has begun what could turn out to be a significant rebound as of the beginning of 2010. This occurs within the context of an overall, continuing uptrend. The December bearish correction brought price down to a key 61.8% Fibonacci retracement level at around 1074 (the low-to-high retracement span...

  • Chart of the Day – GOLD
    {image "COTD-2010-01-18_20100118170728.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – GOLD
    {image "COTD-2010-01-29_20100129153312.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – Gold
    {image "COTD-2009-12-23_20091223154945.JPG"} 12/23/2009 – Gold – Within the month of December, the dramatic bearish correction in spot gold (a daily chart of which is shown) has brought price action severely off the all-time high around 1225 hit early in the month. This month-long bearishness has thus far corrected the steep, and subsequently overbought, run-up in Gold that had occurred for several months prior to that all-time high being reached. Despite this current bearish correction, go...

  • Chart of the Day – Gold
    {image "COTD-2009-12-09_20091209160858.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – Gold
    {image "COTD-2009-11-04_20091104163222.JPG"} 11/04/2009 – Gold – Late last week, price action on spot gold (a daily chart of which is shown) formed a bullish engulfing pattern right at strong support in the 1025 region, which represented previous resistance. After that bullish engulfing pattern established the new support level, which also coincided with a key 50% Fibonacci retracement level, price shot up this week to overtake the previous all-time high above 1070. Currently having just es...

  • Chart of the Day – Gold
    {image "COTD-2009-10-22_20091022145341.JPG"} 10/22/2009 – Gold – Price action on spot gold, a daily chart of which is shown, has formed the appearance of a pennant pattern consolidation after reaching new all-time highs last week. This potential continuation pattern occurs within the context of a strong continuing uptrend. The all-time highs that were reached last week, just above 1070, represented a 161.8% Fibonacci extension of the prior bullish run. On the latest bullish run that represe...

  • Chart of the Day – SILVER
    {image "COTD-2010-01-25_20100125164947.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – Silver
    {image "COTD-2009-11-23_20091123162058.JPG"} 11/23/2009 – Silver – Price action on spot silver, a daily chart of which is shown, has reached the very top of a key parallel uptrend channel, in the process hitting a new long-term high (just short of $19). This high at the top of the parallel uptrend channel also coincides with a 161.8% Fibonacci extension of the bullish run from $16.06 to $17.73 early this month. The current bullishness in silver mirrors the phenomenal run that has occurred i...

  • Chart of the Day – Silver
    {image "COTD-2010-02-01_20100201163436.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – Silver
    {image "COTD-2009-12-16_20091216171342.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2009-11-30_20091130154427.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2009-12-10_20091210165831.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2009-12-21_20091221153007.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2010-01-15_20100115154458.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2010-01-04_20100104150849.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2010-01-21_20100121161450.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CAD
    {image "COTD-2009-10-09_20091009150856.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CHF
    {image "COTD-2009-12-11_20091211165145.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CHF
    {image "COTD-2010-02-11_20100211152150.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CHF
    {image "COTD-2009-10-26_20091026151938.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CHF
    {image "COTD-2010-01-08_20100108164214.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CHF
    {image "COTD-2009-10-26_20091026151938.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/CHF
    {image "COTD-2009-11-11_20091111162510.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/JPY
    {image "COTD-2009-11-24_20091124155059.JPG"} 11/24/2009 – USD/JPY – Bearish price action on USD/JPY, a daily chart of which is shown, has just made a new 6-week low and is currently targeting a re-test of the key 88.00 support level, which was last hit in early October. This occurs after price broke down below a triangle consolidation pattern in mid-November. Overall, this currency pair is firmly entrenched within a parallel downtrend channel extending from the April high at 101.43, and the...

  • Chart of the Day – USD/JPY
    {image "COTD-2009-12-07_20091207182552.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/JPY
    {image "COTD-2009-12-17_20091217155117.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/JPY
    {image "COTD-2010-02-19_20100219153920.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/JPY
    {image "COTD-2009-10-23_20091023145005.JPG"} 10/23/2009 – USD/JPY – Bullish price action for the last two weeks on USD/JPY, a daily chart of which is shown, has formed a steep short-term uptrend within the context of a longer-term downtrend channel. Price has also just reached strong resistance in the 92.00 support/resistance region, and additionally, is approaching the approximate upper resistance border of the rough parallel downtrend channel. Momentum indications are showing signs that p...

  • Chart of the Day – USD/JPY
    {image "COTD-2009-11-10_20091110154640.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/JPY
    {image "COTD-2010-01-19_20100119161223.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • Chart of the Day – USD/JPY
    {image "COTD-2010-01-11_20100111154024.JPG"} 1/11/2010 – USD/JPY – After having hit a 4-month high at the top of a medium-term downtrend channel extending from the April 2009 high, price action on USD/JPY (a daily chart of which is shown) has respected that downtrend resistance by tentatively retreating. This medium-term downtrend channel resides within a larger, long-term downtrend channel extending from the June 2007 high. Currently, a key bearish event to watch for would be a significant...

  • Chart of the Day – USD/JPY
    {image "COTD-2010-01-27_20100127164119.JPG"} (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)

  • China Import/Export News Triggers Renewed Interest in Risky Assets
    U.S. equity markets are expected to open stronger as traders renew their demand for higher risk, higher yielding assets. Without any economic reports to concern investors, expectations are trend day.  There may be a break early in the session as U.S. traders have been reluctant to chase this market after higher openings. Earnings season begins after the close today.

  • China Eases Forex
    China Eases Forex, China Eases Up on Forex

  • China's Move to Curb Excessive Credit Pressures Equity Markets
    Equity markets are trading weaker overnight following a surprise move by China’s central bank to curb excessive credit demands. Recent data has shown that China’s economy may be heating up too fast which could lead to an asset bubble in the real estate and housing markets.

  • China's two manufacturing PMIs were released overnight
    Diverse movements in commodities this morning: WTI is trading around USD73and copper is now just below USD6,700. The complex saw broad-based declines on Friday following a strengthening of the dollar on the back of a stronger-than-expected US GDP figure for Q4 as the US economy grew 5.7% q/q ar. The strong headline number was largely driven by a build-up in inventories and thus the report does not necessarily bode well for demand going forward. Indeed, the dollar-denomination effect seemed to d...

  • Commodities, Stocks Weaken as Traders Seek Safety
    Commodity and stock markets are trading lower overnight as risk aversion is driving investors toward safer, lower-yielding assets. U.S. economic reports may have to take a backseat today as traders express their concerns with growing European sovereign debt issues by selling off higher risk assets.  Trading may be volatile today as thin conditions ahead of tomorrow’s U.S. Non-Farm Payrolls Report continue to be the highlight.

  • Commodity Markets Turn Sound as Dollar Strengthens
    Commodity markets are selling off hard at the mid-session as the U.S. Dollar is mounting a strong comeback after early session weakness.December Gold sold off sharply as the Dollar regained strength to turn higher for the day. December Silver is making a similar move as the stronger Dollar is driving traders out of the precious metals. December Copper posted a new high for the year this morning and is giving back some of its early gains.The U.S. Dollar traded weaker during the early part of th...

  • Commodity and Stocks Expected to Be Supported by Demand for Risky Assets
    Commodity and stock prices are expected to continue to see support from investors demanded higher yields although short-term overbought conditions may limit upside action.  Traders are citing the stronger global economy and low interest rates in the U.S as two reasons for the renewed interest in higher yielding assets.

  • Completion of Correction in Euro Is Close
    EUR The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked fall in activity of both parties, suggests probable delay of rate decline, but, at this point, there are no grounds to close open short positions. Therefore, as for sales the targets will be 1,4100/20, 1,4040/60, 1,3980/1,4000 and (or) further break-out variant up to 1,3920/40, 1,3860/80. The alternative for buyers wi...

  • Comprehensive FX and Futures Commentary
    Daily Market Commentary EUR/USD Battles for a Base The EUR/USD is fighting to consolidate above Friday lows with the intention of a building a new base following last week’s heavy pullback. The EU’s GfK Consumer Confidence data printed roughly 10% below analyst expectations earlier in the session, sighting consumer concern over rising energy prices and high unemployment. Today’s setback in consumer confidence marks the 3rd straight drop from September highs. However, it remains to be seen...

  • Comprehensive FX and Futures Commentary
    Daily Market Commentary EUR/USD Bounces Above 1.35 After Another Heavy Selloff The Selloff in the EUR/USD and the risk trade continued yesterday. Investors are still concerned about the ability for Greece to enact its fiscal austerity along with debt worries in other Mediterranean nations. Additionally, the Fed shocked markets by raising its discount rate by 25 basis points, signaling that the emergency window may be closing. Investors reacted by buying up the Dollar across the board, sending t...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Sinks Towards November Lows as Equities Head South The EUR/USD is declining as investors exit the risk trade in reaction to Bernanke’s cautious comments yesterday in conjunction with Moody’s warning that the U.S. and UK are testing the patience of their Aaa Ratings. Bernanke attempted to soothe investor excitement stemming from Friday’s much better than expected U.S. employment data, resulting in a sizable Dollar appreciation. Bernanke managed to devalue th...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Climbs in Speculation EU to Take Action The risk trade ran with speculation that the EU plans to take action in regards to Greece’s troublesome fiscal situation. Trichet cut a trip to Australia short to return for an EU meeting this week, igniting speculation that the EU will be proactive in sorting out Greece’s troubles. However, such a deduction seems highly speculative and investors may not want to read too far into Trichet’s actions at this point in tim...

  • Comprehensive FX and Futures Daily Commentary
    Comprehensive FX and Futures Daily Commentary

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Crashes Following Negative Comments Concerning Greece The EUR/USD is getting pummeled after the IMF’s Director joined the party in issuing a negative comment concerning the state of Greece’s economy. Greece’s poor economic state is hammering the Euro, exemplified by a huge downturn in the EUR/GBP. Furthermore, the setback in this week’s Economic Sentiment data wasn’t much help. Meanwhile, China’s tighter monetary policy stance is worrying investors th...

  • Comprehensive FX and Futures Daily Commentary
    EUR/USD Retreats After S&P Cuts Spain’s Credit Rating The EUR/USD is retreating from earlier gains after Standard & Poor’s announced it has lowered its credit outlook for Spain to negative. The EUR/USD is taking a slight hit from the news, and it will be interesting to see if intra-day losses accelerate as investors focus on Spain due to a lack of pertinent economic data. Meanwhile, the EUR/USD is balancing along our 2nd tier uptrend line as bulls look to keep the currency pair abov...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Gravitates Towards January Lows The EUR/USD has dropped back towards January lows and our 2nd tier uptrend line as the Dollar consolidates across the board. Investors are waiting for new U.S. New Home Sales and the Fed’s monetary policy decision. Extra weight has been placed on the Fed’s monetary policy statement despite the expectation that the central bank will keep its policy unchanged. More government officials have been vocalizing their displeasure with ...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Sinks Further on Strong China CPI/PPI and Weak EU PMI The EUR/USD added onto yesterday’s losses after the Dollar appreciated across the board in reaction to stronger than expected CPI and PPI data from China. Inflationary data in China indicates its central bank may be enticed to tighten liquidity further should prices continue to rise. The concept that China may press down on the breaks has raised concern recording global economic growth since China has been t...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Stabilizes Following Encouraging Industrial New Orders Data The EUR/USD has stabilized above Thursday lows after the EU released an Industrial New Orders figure a full percentage point above analyst expectations. A positive data release has allowed the Euro to finally create some sort of bottom after this week’s huge pullback. The Euro’s relative strength today is highlighted by a solid pop in the EUR/GBP. However, the S&P futures made a key step back yes...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Holds Above 1.40 After Positive Data Set The EUR/USD has recovered some of its intraday losses after the Dollar appreciated across the board in reaction to news that Chinese banks are being aggressive in limiting new loan volume. The Euro received some good news after Germany’s Ifo Business Climate and French Consumer Spending outperformed. Furthermore, the EU’s current account registered a slight surplus after analysts anticipated a deficit of -3.1 billion. ...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Consolidates above Friday Lows The EUR/USD is consolidating above Friday lows as the currency pair tries to form a new base during a trading session with little economic data. The EUR/USD has taken a considerable hit this month due to a combination of deteriorating conditions in some EU member states and strong economic data releases from the U.S. The concept that the Fed will begin reigning in its alternative liquidity measures has led to a bull run in the Dolla...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Stabilizes as Investors Await U.S. Data The EUR/USD is stabilizing around the 1.39 level as investors wait for America’s ISM Manufacturing PMI data. Consolidation in the EUR/USD is a desirable development for Dollar bears since the Euro has been in a freefall the past couple weeks. Investors were able to take the weekend to allow fears concerning Greece’s budget deficit to cool down a bit. It now appears the EU will need to make a decision in regards to baili...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Strengthens Following Weak Employment Change Number The EUR/USD is strengthening in reaction to a weaker than expected Employment Change figure. Since the Dollar rallied after the turnaround in employment data in December, it seems reasonable that the Greenback is falling across the board in reaction to today’s release. Additionally, it will be interesting to see the EUR/USD log further gains today considering the level of anticipation heading into today’s da...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Fluctuates with Finance Ministers Choosing to Wait and See The EUR/USD is fluctuating above Monday lows as investors digest the EU’s plan to take a wait and see approach with Greece. The finance ministers have decided to give Greece a 30-day window to prove it can implement its plan to reduce its outstanding debt. If Greece’s actions prove insufficient, the ministers hinted they may apply further debt-reduction measures. In all, the EU is choosing to give Gre...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Consolidates Along With Risk Trade The EUR/USD is continuing its balancing act along our 2nd tier uptrend line as bulls look to keep the currency pair above November lows. Investor confidence has improved a bit today after Australia’s employment data topped analyst expectations. Australia’s recovery has given investors renewed confidence in the risk trade, resulting weakness in both the Dollar and Yen. The EUR/USD has benefitted from today’s development, an...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Drops on Positive U.S. Data The EUR/USD is experiencing a solid down bar right now as we witness a broad-based strengthening of the Dollar in reaction to this morning’s positive U.S. econ data. Since the EU has been quiet on the data front, focus shifted to China and the U.S. While the EUR/USD exhibited a slightly positive reaction to positively mixed data from China, the currency pair is logging sizable declines after the release of better than expected Retail...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Drops Below 1.45 and our 1st Tier Uptrend Line The EUR/USD has taken a blow today after the Fed implied that it may be comfortable with letting many of its alternative liquidity measures expire next year. The Fed’s more hawkish monetary stance resulted in a large Dollar pop today and the EUR/USD has dropped beneath our 1st tier uptrend line in the process. Our 1st tier is key since it runs through August lows. Hence, if the EUR/USD doesn’t shape up soon, we c...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Weakens in Wake of Positive U.S. Data The EUR/USD is pulling back after U.S. Unemployment Claims came in at 440k, 20k below analyst estimates. The stronger than expected U.S. employment data is sending investors towards the Dollar as an EU resolution for Greece becomes more certain. Although the details of the plan haven’t been revealed yet, the Euro seems to be selling off on the news since the concept of EU relief was priced into the currency earlier this wee...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Creeps Higher as Markets Cool The EUR/USD is attempting to stabilize and we notice a similar pattern in the GBP/USD. Australia’s RBA decision did yield volatility, though only in the AUD/USD while the EUR/USD emerged unscathed. Chatter concerning Greece has subsided as the EU decides how to deal with the situation. In this case no news is good news, and the EUR/USD is benefitting from the silence thus far. German Retail Sales printed about in line with analyst ...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Heads Lower in Continued Consolidation The EUR/USD is continuing its consolidative pattern despite sizable gains in gold. We recognize similar behavior in the GBP/USD and the EUR/GBP is moving sideways. Investors are digesting a wealth of news and data. Yesterday’s U.S. ADP number and Services PMI both printed slightly below expectations while EU Industrial New Orders also disappointed. Additionally, today the EU released a negative set of Retail Sales data. He...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Pops Back to 1.45 The EUR/USD has popped back to its psychological 1.45, backed by strong volume during the Asia trading session. Investors sold off the Greenback across the board after China’s solid Trade Balance report. Investors were encouraged by the huge increase in imports to China, a sign consumption in the country is heating up. This is a positive development for struggling developed economies. Furthermore, the Trade Balance signaled a sizable increase ...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Glides Lower as Investors Snap up Dollar The EUR/USD is heading lower today as investors snap up the Dollar across the board in reaction to stronger than expected U.S. economic data. U.S. Advance GDP printed 1.2% above analyst expectations, spurring a Dollar buying spree due to the comparative outperformance of America’s economy. In addition to the positive GDP number the U.S. also released better than expected Chicago PMI and Revised UoM Consumer Sentiment Dat...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Trades Lower on Light Volume The EUR/USD is trading lower today on light holiday volume as the Dollar strengthens across the board. Due to the relative lack of economic data and activity during a holiday-shortened week, it seems the Dollar is reverting to the positive momentum it has displayed throughout most of the month of December. However, the EU did release its M3 Money Supply number, which turned negative for the first time since the inception of the global...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Settles Following Last Week’s Tumultuous Activity The EUR/USD is settling and cooling as investors take a step back to revise their outlooks in the wake of last week’s aggressive selloff in the risk trade. Trichet attempted to alleviate investor uncertainty by reassuring markets that the ECB and EU will make sure Greece takes care of its deteriorating fiscal situation. Meanwhile, the data wire is relatively quiet until China releases its New Loans and Trade B...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Fluctuates Around 1.40 The EUR/USD has been fluctuating around its psychological 1.40 level as invertors digest the Fed’s monetary policy statement, Obama’s State of the Union Address, and today’s mixed bag of U.S. economic data. While Bernanke and the Fed played it safe and kept its policy in neutral, volatility really picked up during Obama’s State of the Union Address. The EUR/USD initially headed south to intra-session lows, but the risk trade rallied...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Breaks Past Previous January Highs The EUR/USD is setting new 2010 highs while creating some space between present price and the psychological 1.45 level as we witness weakness in the Dollar across the board. This week’s improvement in Chinese Trade Balance data is likely the driving force behind a return to the risk trade, that and oversold conditions following the Dollar’s December rally. Furthermore, the U.S. Trade Balance data revealed an encouraging impr...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Jackknifes as Risk Comes and Goes The EUR/USD staged a solid rally over the past 24 hours as investors returned to the risk trade with the lack of negative psychological forces. The EU later fed the rally by announcing it is backing Greece’s plan to get its fiscal house in order. However, it remains to be seen whether this is a sign of concrete support or a political move to give the Euro some psychological support. The risk trade has made a direct u-turn durin...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Tumbles as ECB Keeps Policy Unchanged The EUR/USD is extending yesterday’s pullback after the ECB kept its monetary policy unchanged as analysts estimated. German Factory Orders printed -2.5% below analyst expectations, adding downward pressure on the EUR/USD. Investors are also digesting a skyrocketing unemployment rate in New Zealand along with a slight pop in U.S. Unemployment Claims. Hence, negative economic indicators continue to flash around the globe and...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Consolidates Amid Light Activity The EUR/USD is consolidating above Friday lows as markets take a breather after last week’s large pullback in the Euro. We notice the EUR/GBP and gold are hunkering within their trading ranges as well, implying investors are waiting for further fundamental data before making a more definitive directional decision. The EU will release its ZEW Economic Sentiment data tomorrow along with UK CPI and an Inflation Letter from the BoE....

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Cools After Encouraging Rally The EUR/USD is cooling off after posting solid gains yesterday amid a broad-based risk rally. Although there wasn’t much game changing news or data to reignite the risk trade, a long weekend allowed investors to calm their anxieties concerning Greece, leading to a large pop on oversold conditions. Today Greece announced a budget surplus surpassing expectations, an encouraging development and a sign that the government may be able t...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Consolidates Around our 1st tier Uptrend Line The EUR/USD is moderating around our 1st tier uptrend line after taking another step down on Friday. Investors responded to encouraging U.S. consumer-related data buy buying up the Dollar across the board. This was the second Friday in a row that we witnessed a preference for the Dollar in reaction to positive U.S. econ data. Investors should take note of the development for the relationship could persist if U.S. data...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Dives Lower after Disappointing GDP Data and China The EUR/USD is tumbling lower again with a large down-bar on the 4-hour. The Euro came under selling pressure after Germany’s Prelim GDP printed flat, or 2 basis points below analyst expectations. Additionally, French Prelim Service Payrolls, Italian Prelim GDP, EU Flash GDP and EU Industrial Production all disappointed. The only silver lining in today’s data set was 0.6% GDP growth in France. However, growth...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Rises Towards Weekly Highs The EUR/USD is logging solid gains so far today as we witness broad-based profit taking the Dollar. Gold is back above $1100/oz and the EUR/GBP has popped towards .90, indicating relative strength in the Euro. The Euro’s strength comes despite yesterday’s weaker than expected French Consumer Spending data. Investors are instead focusing on weaker than expected U.S. New Home Sales, Revised UoM Consumer Sentiment, and Personal Spendin...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Tumbles Amid Risk Aversion The Euro logged large losses today as Merkel and Trichet continue to emit words of caution concerning the state of Greece’s troubled economy. Meanwhile, we noticed signs of tighter liquidity in China dragged the AUD/USD lower as investors speculated that a slowdown in China could decrease demand for Australia’s exports. Furthermore, U.S. economic data printed poorly today, adding onto the risk-aversion we witnessed earlier in the tr...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Consolidates Ahead of U.S. Data The EUR/USD is consolidating below intraday highs and the psychological 1.45 level as investors await U.S. Pending Home Sales and Factory Orders. Yesterday’s ISM Manufacturing PMI printed positively, yielding weakness in the Dollar despite recent strength in reaction to encouraging U.S. data. Meanwhile, Germany’s Unemployment Change came in -9k below analyst expectations, an encouraging sign in regards to EU employment and futu...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Hangs Around 1.45 The EUR/USD is moderating around 1.45 as the wires begin to heat up for the first time this with an ECB policy meeting and U.S. Retail Sales headlining on Thursday. The ECB is expected to keep its monetary policy intact despite a bit of discouraging data as of late. The ECB may tighten its language a bit with the lingering possibility of an announcement concerning the removal of an alternative liquidity measure due to the confident language emit...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Climbs with Broad Dollar Weakness The EUR/USD has popped off our 2nd tier uptrend line and is trying to set a bottom above December lows as the Dollar experiences broad-based weakness. Equity markets are looking up for the first trading session of 2010 and investors are favoring the risk trade after encouraging economic data from Britain. The improvement in Britain’s Manufacturing PMI and Net Lending to Individuals yielded a pop in both the Cable and the EUR/US...

  • Comprehensive FX and Futures Daily Commentary
    Daily Market Commentary EUR/USD Rises On Light Volume The EUR/USD is climbing on tepid volume despite light EU econ data as we enter another holiday-shortened week. Regardless, the EUR/USD is recording solid gains today and we notice a sizable pop in the AUD/USD as well. However, the Cable is declining, resulting in a strong upward movement in the EUR/GBP. It’s unclear exactly what is giving the Euro its relative strength over the Pound, yet topside participation in the AUD/USD indicates inve...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Consolidates Around 1.50The EUR/USD is continuing its consolidation around the highly psychological 1.50 mark after Germany’s Consumer Climate number came in weak as anticipated. Despite the miss, the EUR/USD is showing little reaction since today’s data reading could be just a bump in the road to improvement and doesn’t confirm a material slowdown. Psychologically, the Euro is getting a bit of support today after a Chinese official released a statement im...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Retreats with U.S. equities and Broad Dollar Strength Investors are favoring the Dollar today after Q3 earnings continued to roll in positively, most notably MSFT and AMZN. Furthermore, U.S. Existing Home Sales blew past estimates while Britain’s Prelim GDP printed a shocking -0.4%. Therefore, investors are suddenly favoring the U.S. economy, and are heading towards the Dollar in speculation that the Fed may be able to tighten sooner than anticipated. However,...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Consolidates as Cable ImplodesBroad-based strength in the Dollar and U.S. equities is dragging and the EUR/USD is consolidating below September highs in reaction. We recognize technically significant pullbacks in crude and the Cable, indicating a more debilitating downturn may be approaching. Meanwhile, the S&P futures are sinking below our 2nd tier uptrend line, and are looking to test our important 1st tier uptrend line. The Euro continues to flex a rela...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Tops Out Below 10/27 HighsThe EUR/USD is under some selling pressure today after yesterday’s rally fueled by U.S. Prelim GDP data failed to overcome 10/27 highs, let alone our 1st tier downtrend line. Additionally, yesterday’s buy-side volume came in well below Tuesday’s pop in sell-side activity. As a result, a negative investor sentiment remains in regards to the performance of riskier investment vehicles. The AUD/USD, Cable, and gold are also heading ...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Settles above Thursday Lows Following French IP The EUR/USD is settling above Thursday lows and our 3rd tier uptrend line after pulling back from Thursday highs. Much better than expected French Industrial Production data is helping buoy the Euro after investors decided to lock in profits earlier. The outperformance of French versus German econ data stems from the negatively mixed PMI numbers we received a couple weeks back. The underperformance of Germany’s...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Pops Past September HighsThe EUR/USD has broken through our 3rd tier downtrend line and consequently September highs. Though the currency pair is trading off of intraday highs, today’s move will likely prove to be an important step for the beginning of a new leg up. Our 3rd tier is the final foreseeable downtrend line for the near future. Therefore, barring a large immediate reversal, the EUR/USD may have finally broken loose of its top-end constraints. Tod...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Sells Off On Dubai NewsThe EUR/USD is tumbling towards 11/20 lows after breaking through October lows and surging towards 1.5140. Today’s whipsaw movement comes in reaction to a broad-based exit from the risk trade in reaction to news from Dubai. As most investors know by now, Dubai World is requesting a debt restructuring of what could be up to $80 billion of credit. Although actual losses incurred are presently unknown, some European and UK banks could hav...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Continues its Climb Towards 1.50 The EUR/USD has continued to climb beyond our 3rd tier downtrend line as we anticipated. As we mentioned in yesterday’s analysis, we view the movement past our 3rd tier and September highs as a key development in regards to a new leg up for the currency pair. The EUR/USD is not hovering around 8/21/08 highs and appears poised to take a crack at the highly psychological 1.50 level. There’s not much historical resistance above...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Drops as U.S. Equities Pop The EUR/USD experienced a sizable leg down below the psychological 1.50 level after U.S. employment data made a big step in the right direction. What’s most interesting about the activity today is that we’ve witnessed the Dollar’s negative correlation with U.S. equities flip pre-market after key U.S. econ data printed positive. Therefore, investors should keep their eyes on the reversal in correlation to monitor whether the rever...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Clears Monday Highs on Back of Risk TradeThe EUR/USD is trading in the green again today as the risk trade regains some of its positive momentum. The combination of in line Chinese Manufacturing PMI data and the RBA raising its benchmark rate by another 25 basis points is giving investors confidence that economic performances remain on the path to recovery. Although the RBA signaled that its latest rate increase places the central bank’s monetary policy in co...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Fluctuates Despite Negative U.S. Unemployment Data The EUR/USD is fluctuating around our 1st tier downtrend and 4th tier uptrend lines as investors digest the worse than expected U.S. unemployment data. The headline Unemployment Rate breached 10% (10.2%) and the services unemployment change data also came in weaker than anticipated. While we would normally expect a sharp pullback in the EUR/USD and broad-based preference for the Dollar in reaction to the news, t...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Jumps Higher after ECB Policy DecisionBoth the EUR/USD and GBP/USD registered an initial positive reaction to their respective monetary policy decisions. The ECB and BoE kept their interest rates at their present levels, yet the BoE only increased its QE packaged by 25 billion Pounds vs 50 expected. Meanwhile, the ECB isn’t budging on their language that their will practice a gradual removal of alternative liquidity measures from the monetary system. Therefo...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Pulls Back Following Weak EU GDP DataThe EUR/USD is pulling back today after bouncing off of our previous 1st tier uptrend line. The EUR/USD failed to break through our previous 2nd and 3rd tier downtrend lines on Thursday, and instead opted register a brisk decline despite a lack of econ data economic data besides EU Industrial Production (0.3% vs. 0.6% expected). However, today’s wave of econ data shows that yesterday’s pullback was warranted. German and...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD’s Rally Tops Out Just Below 1.50The EUR/USD staged an encouraging rally on Friday, bouncing off our 2nd tier uptrend line as both gold and the S&P futures headed higher despite weaker than expected EU GDP data along with a disappointing UoM Consumer Sentiment number. However, the bounce has stalled at what is now our 2nd tier downtrend line and the EUR/USD is confronting the highly psychological 1.50 area once again. Hesitation in the EUR/USD comes in rea...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Battles with 1.50The EUR/USD is back wrestling with the highly psychological 1.50 level after breaking through the barrier yesterday. We view yesterday’s movement as an important technical development since we previously explained how 1.50 represents our final topside barrier before 1.55. Hence, we could be on the brink of another near-term breakout in the currency pair should tomorrow’s EU PMI data print well. On a cautionary note, headwinds are gaining s...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Drops Beneath 10/19 Lows The EUR/USD skidded below its highly psychological 1.50 level yesterday in reaction to the selloff in U.S. equities. We didn’t receive much pertinent econ data or news from the EU on Monday, telling us weakness in the Euro was fueled by overbought conditions and the pullback in the S&P futures. The EU released its M3 Money Supply data today, and the figure came in 3 basis points below expectations at 1.8%. The rapid downturn in M...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Forms Double Top Below 1.50The EUR/USD’s upswing continued yesterday, yet hit a will just beneath the highly psychological 1.50 level as anticipated. The EUR/USD failed to fully participate in the equity rally and has formed a double top with a pop in volume on a 4 hour down-bar. We notice similar weakness in gold while the EUR/GBP has been hit with huge losses over the past 24 hours. The best explanation for the Euro’s present weakness is overbought condi...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Gravitates around October Highs and 1.50The EUR/USD is trading a bit off of intraday highs after nearly hitting October highs, and the currency pair is presently trying to hold strong above its psychological 1.50 level. Meanwhile, our important 3rd tier downtrend line continues to play a key technical role since it runs through these important October highs. Therefore, although the EUR/USD may be on the cusp of a near-term breakout, the two key downside technic...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Rallies Strongly on Positive Flash PMI DataThe EUR/USD has taken advantage of its relative strength on Friday stemming from ECB President Trichet’s hawkish comments. The currency pair has since jumped back up to its highly psychological 1.50 level after of a wave of Flash PMI data that was altogether positive. Therefore, it seems the recovery in the EU’s services and manufacturing industries is continuing at a steady pace. In addition to good news from the...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Fluctuates Around 1.50The EUR/USD has recovered well from Friday lows, propelling from our 2nd tier downtrend line before fading beneath Wednesday highs. The EUR/USD is now hovering back around its highly psychological 1.50 level as investors continue to dissect news concerning Dubai. Regardless, the currency pair is back in its safe zone following Friday’s scare and the EU econ data wire is relatively quiet until Thursday’s ECB meeting. Although Trichet a...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Hovers Around Our 1st Tier Uptrend LineThe EUR/USD’s trading right around where we left it on Friday. The currency pair found strength once again just around our 2nd uptrend line, setting a slightly higher low than Thursday. However, downward forces remain since last week’s global econ data ended on a sour note. German Retail Sales printed 12 basis points lower than analyst expectations, negating Thursday’s positive Employment Change number. Furthermore...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Consolidates above 10/13 LowsThe EUR/USD has undergone encouraging consolidation along what is now our 3rd tier uptrend line. Present consolidation comes with a sigh of relief considering the extent of the selloff in the EUR/USD thus far this week. Investors are encouraged by the better than expected Core DGO data even though the headline figure printed shallow by two basis points. Since the EU’s economy relies heavily upon manufacturing, the solid Core DGO ...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Consolidates after Taking another Swing at 1.50The EUR/USD has failed to top 1.50 once again and the level is having as much psychological influence as we anticipated. 1.50 separates the EUR/USD from consolidation and exciting near-term gains. The currency pair has toppled the rest of our foreseeable near-term obstacles, leaving 1.50 as the final test for the bulls. Meanwhile, the Cable has approached 1.65 and is a close downtrend line away from making another...

  • Comprehensive FX and Futures Daily Research
    Comprehensive FX and Futures Daily Research

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Experiences Solid Recovery from Tuesday Lows The EUR/USD logged sizable losses yesterday as we witnessed a broad-based preference for the Greenback despite a breakout in gold and U.S. equities ending slightly positive. Therefore, it seems downward momentum was more in control than correlations and fundamentals. Speaking of gold, yesterday’s breakout was impressive, and the precious metal is looking to test its psychological $1100/oz level. Though much of gold...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Tests 1.50 Amid Broad-Based Dollar Weakness The Dollar’s odd, negative reaction to Friday’s surge in the U.S. Unemployment Rate has carried through strongly into Monday’s session. We’re seeing broad-based Dollar weakness as well as a gold breaking through its psychological $1100/oz level. Additionally, the S&P futures are trading up by nearly 1% pre-market, likely a reaction to the weakening Greenback. Friday’s discouraging U.S. unemployment data...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Dips after Hitting Headwinds at 1.50 The EUR/USD is pulling back from 1.50 and our important 2nd and 3rd tier downtrend lines as we witness a consolidation of the risk trade across the marketplace. Investors are hesitating at significant levels in both the EUR/USD and the S&P futures as they approach their highly psychological 1.50 and 1100 levels, respectively. Furthermore, we are witnessing a retracement in gold towards its own psychological $1100/oz leve...

  • Comprehensive FX and Futures Daily Research
    Daily Market CommentaryEUR/USD Consolidates Ahead of ADP Data and ECB Meeting The EUR/USD is consolidating following yesterday’s solid gains in reaction to encouraging Chinese Manufacturing PMI data in conjunction with a 25 basis point increase from the RBA. Meanwhile, gold has broken past its psychological $1200/oz level and the S&P futures are holding strong above their own highly psychological 1100 level. Therefore, the EUR/USD’s positive correlations are creating an environment co...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Trades Lower as Investors Await More DataThe EUR/USD managed to bottom out at our 3rd tier uptrend line yesterday despite a pop in sell-side activity in reaction to more negative U.S. economic data. The EUR/USD continues to trade primarily off of its last important data releases, Friday’s disappointing GDP data points. However, the EUR/USD is strengthening again today in the face of a surprisingly negative EU Current Account release, indicating an increase in...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Pulls Back with U.S. EquitiesThe EUR/USD briefly traded beneath 11/17 lows before stabilizing as we witness a broad based strengthening of the Dollar in reaction to a dip in the S&P futures below their psychological 1100 level. The wave of disconcerting data points from the past couple weeks appears to finally be taking its toll on investor confidence. U.S. and British housing and consumption data has been disappointing lately, indicating a slowdown in the ...

  • Comprehensive FX and Futures Daily Research
    Daily Market Commentary EUR/USD Fluctuates Following Negatively Mixed U.S. DataThe EUR/USD was rejected by its psychological 1.50 level once again, and the currency pair is fluctuating between our 2nd tier uptrend and downtrend lines as activity wanes in advance of the Thanksgiving holiday. Today’s EU data releases were all positive with Germany’s Ifo Business Climate and EU Industrial New Orders topping analyst expectations. The EUR/USD strengthened following the EU releases, but this mo...

  • Confidence Among US Consumers Falls
    Daily Review 28/10/2009USD Dollar (USD) – The Dollar strengthen during yesterday trading session as Confidence among U.S. consumers unexpectedly fell in October for a second month. The Conference Board’s confidence index dropped to 47.7 from a revised 53.4 in September. NASDAQ decreased by 1.2% and Dow Jones slightly rose by 0.14%. Crude oil rose by 1% closing at 79.55$ a barrel after a volatile trading session as investors wait for the oil inventories today. Gold (XAU) weakened by 0.7% clos...

  • Considerable Loss of Euro Bullish Momentum
    EUR The pre-planned break-out variant for sales was implemented and the achievement of minimal estimated target is supported by relative sales activity rise marked by OsMA trend indicator at the break of key supports. At the moment, considering current bearish activity cycle according to  OsMA trend indicator version we can assume probability of the achievement of Ichimoku cloud borders at 1,4800/20 levels, where it is recommended to evaluate the development of the activity of both parties...

  • Consolidation Continues...Bullish Overall Action....
    Once again, with the market so close to breaking out, the bears could not take this market down appreciably. Oh, not for lack of effort. That's for sure as the bears tried all day to take things down, but could never gain any steam or momentum. Every bout of selling was met with some type of buying, if not just enough to keep things over 1100 on the S&P 500. Not enough to blast up and out but enough to keep the status quo. That's all the bulls are really looking for anyway. They don't need ...

  • Consolidation Extends...Bears Still Showing Little...
    There are many things we can talk about when referring to the case that can be made by the bears. We have many leading stocks breaking down below their 50-day exponential moving averages. Goldman Sachs (GS) lost that level nine full points ago but is now starting to show some positive divergence on the Daily. JP Morgan (JPM), another financial stock and unquestionable leader, retested that 50-day exponential moving average and fell right back down with full red candle sticks, leaving little do...

  • Consolidation in Euro before Bullish Rally Resumption
    EUR The pre-planned long positions from key supports have been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement, as earlier we can assume probability of rate return to close 1,4920/40 support levels, where it is recommended to evaluate the development of the activity of both parties in accordan...

  • Consumer Confidence Helps Dollar Erase Losses
    The U.S. Dollar erased earlier losses following the report of a rise in Consumer Confidence. Although the reported figure of 52.9 was slightly less than estimates, it still reflected continuing strength in the economy. This morning the S&P/Case Shiller report on home prices was flat. There was almost no reaction to this report by Forex traders. The Dollar was down overnight as traders took advantage of the thin, holiday trading by taking profits after the almost month-long rally. Demand f...

  • Consumer Spending
    Extensive guide on consumer spending indicators that can help you use fundamental analysis of the online forex trading market.

  • Contracting Euro Movement Range before the Rally
    EUR The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked activity fall of both parties as it was before does not clarify the choice of planning priorities for today. Therefore, evaluating the situation from positions of further rate range movement we can assume probability of rate return to Senoku Span B line of Ichimoku indicator at1,4840/60 levels where it is recommended to evaluat...

  • Copper − The daily stochastic is showing flat
    {image "1_20091119160433.jpg"} Precious metals sharply gained throughout yesterday's trading session, where we witnessed gold recording a new high above $1153.00 per ounce before slightly dropping, but still closing with gains by 0.25% at 1143.40 in New York yesterday. Dollar has continued to hold near 75 levels after drop to15-month low earlier in the week.Choppiness in equity markets may keep a check on the downside. MCX Gold may trade in a range of Rs.16850 to Rs.17200. On intra day basis s...

  • Copper remains in an uptrend despite a reversal
    A rising trend on the copper market is just about to celebrate its first birthday. The price of this industrial metal is moving up since late December 2008. The copper bottomed out at 2775 USD per ton nearly three months before stock markets hit their lows. At that level, the price didn’t cover the production costs at most sites which signaled overselling in reaction to the Lehman crisis. For that matter, copper was among the first markets to signal a global bottoming out. While it doesn’t ...

  • Correction Period or Reversal?
    EURThe estimated test of key resistance range levels has been confirmed, however, relative rise of bullish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy based on supposition of probable rate range movement and short-term bullish activity incompleteness, we can...

  • Correction in Euro
    EUR The pre-planned break-out variant for sales has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked sign of rate oversold strengthening with relative strengthening of buying activity, as earlier, suggests probable rate correction period, but with preservation of sales priority in planning trading operations for today. Hence, we can assume probability of rate return to 1,4170/90 levels, where it is recommended to ...

  • Correction in Euro Is Resumed
    EURThe estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked sign of bearish reversal signal formation, favors holding of open sales with the targets of 1,3420/40, 1,3360/80, 1,3300/40. The alternative for buyers will be above 1,3800 with the targets of 1,3840/60, 1,3900/20, 1,3960/80.

  • Correction in Euro before Fall Resumes
    EUR The estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked formation of bearish reversal sign supports holding of opened sales, however, does not rule out some time delay for anticipated rate decline with the targets of 1,4320/40 and (or) further break-out variant up to 1,4260/80, 1,4200/20. The alternative for buyers will be above 1,4460 with the targets of 1,4500/20, 1,4560/...

  • Correction of Bearish Trend in Euro
    EUR The estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked close parity of both party activity combined with descending direction of indicator chart in the bigger picture, favors holding of open sales with the targets of 1,3840/60 and (or) further break-out variant up to 1,3780/1,3800, 1,3720/40, 1,3660/80. The alternative for buyers will be above 1,4010 with the targets of 1,...

  • Correction of Bearish Trend in Euro
    EURThe pre-planned break-out variant for sales has been implemented, but with loss of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked rate oversold with further relative rise of bullish counteraction, suggests further rate correction period, however, with preserved bearish preference in planning trading operations for today. Hence, we can assume probability of rate return to 1,3660/80 levels, where it is recommended to evaluate the development of ...

  • Correction or Bear?
    This is now the question we need to ponder and decide which way this market is headed. There are cases to be made for both and I will discuss that later on. Yesterday I spoke about how we had our first down trend confirmed when we broke down out of a bear flag for the first time in one year. Three nasty days down that went lateral for four to five days and then broke yesterday, especially on the PowerShares QQQ's (QQQQ) or the ETF proxy for the Nasdaq 100. Today was a continuation of that down...

  • Corrective movement on the gold market
    After the surprisingly good macro data from the U.S. labor market the american currency appreciated, which in turn caused gold prices to fall. Currently, one ounce costs $1146. This fierce reaction on the currency markets comes from the speculation that improving economy conditions, especially on the important labor market, can lead to changes in FED’s monetary policy, which can slowly begin to rise interest rates. Expectations for higher interest rates in the U.S will encourage the dollar to...

  • Crude Oil Continues to Rise
    Daily Review 11/01/2010 USD Dollar (USD) – The Dollar posted its biggest weekly loss since November versus the major currencies as an unexpected drop in jobs boosted speculation that the Federal Reserve may extend stimulus measures. The Nonfarm Payrolls came out -85K versus -3K expected. The Unemployment rate came out better than expected with 10%. Wall Street reacted with modest gains after the jobs data. Dow Jones rose by 0.11% and NASDAQ appreciated by 0.74%. Crude oil rose and closed at 8...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) With 4 hours MACD crossed below signal line, an intraday top should be in place at 80.05 after touching upper channel resistance. Some pull back could be seen, possibly to 4 hours 55 EMA (now at 76.17). Nevertheless, downside should be contained by 38.2% retracement of 65.06 to 80.05 at 74.32 and bring rally resumption. Above 80.05 will target 100% projection of 58.32 to 75 from 65.05 at 81.72 next.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rally extends to as high as 75.96 so far and intraday bias remains on the upside for the moment. Current rise is still expected to continue to 38.2% of 147.27 to 33.2 at 76.77 and break will target 80 psychological level next. On the downside, below 74.64 will turn intraday outlook neutral and bring retreat but downside should be contained by 70.74 support and bring rally resumption.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Intraday bias in crude oil remains neutral for the moment as sideway trading continues. Nevertheless, as long as 77.61 minor support holds, consolidation should be relatively brief and a break of 82, will bring rally resumption towards 50% retracement of 147.27 to 33.2 at 90.24. However, note that a break of 77.61 will indicate that a short term top is at least formed with bearish divergence conditions in 4 hours MACD and RSI. In such case, deeper decline should then be see...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rise from 68.59 extended further to as high as 78.68 so far. The strong break of 61.8% retracement of 82.0 to 68.58 at 76.87 suggests that choppy fall from 82.0 has completed. Intraday bias remains on the upside and further rise could be seen to to retest 82.0. On the downside, below 76.29 minor support will turn intraday bias neutral first. But another rise is now in favor as long as 71.21 support holds.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rally extends further today and the break of 73.16 resistance indicates that fall from 75.0 has completed at 65.05 already. The corrective three wave structure in turn argue that crude oil's medium term rally is not completed at. Intraday bias is on the upside for retesting 75.0 first. Break will target 38.2% of 147.27 to 33.2 at 76.77 next. on the downside, below 72.18 minor support will turn intraday outlook neutral and bring consolidation first.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil dives to as low as 70.13 so far and at this point, intraday bias remains on the downside. The break of 72.39 support confirms that decline from 82.0 has resumed and should now be targeting 65.05 support next. On the upside, above 73.87 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 79.04 resistance and bring fall resumption.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's break of 80.46 minor resistance argues that consolidation from 82.00 might have completed at 76.55 already. Intraday bias will now stay on the upside for a retest of 82.00 first. Break will bring medium term rise resumption towards 50% retracement of 147.27 to 33.2 at 90.24. On the downside, though, below 76.55 will revive the case that rise from 65.05 has completed and will flip intraday bias back to the downside for deeper fall to 61.8% retracement of 65.05 to...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Upside momentum in crude oil remains unconvincing with 4 hours MACD staying below signal line. Bias remains neutral for the moment and some more sideway consolidation could be seen. But still, downside should be contained by 76.19 support and bring another towards 82.0 resistance. However, a break of 76.19 will argue that rebound from 68.59 has completed and deeper fall should then be seen to 71.21 support first.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) As noted before, a short term top is in place in crude oil at 83.95. Pull back from there is still in progress and extends further to as low as 79.63 so far. At this point, intraday bias remains on the downside for 38.2% retracement of 68.59 to 83.95 at 78.08 and below. But downside should be contained by 61.8% retracement at 74.46 and bring rally resumption. Above 81.98 will flip intraday bias back to the upside. Further break of 83.95 will target upper trend line resistan...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's break of 81.72 minor support suggests that a short term top is in place at 83.95. Intraday bias is flipped to the downside and some corrections could now be seen, probably to 38.2% retracement of 68.59 to 83.95 at 78.08. But downside should be contained by 61.8% retracement at 74.46 and bring rally resumption. Above 83.95 will target upper trend line resistance at 87/88 level again.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil surges to as high as 83.52 and the firm break of 82.0 resistance confirms that whole medium term rise from 33.2 has resumed. Intraday bias will now remain on the upside as long as 80.79 minor support holds. Current rise should now be upper trend line resistance at 87/88 level. On the downside, below 80.79 will indicate that an intraday top is formed and bring retreat, probably to 4 hours 55 EMA (now at 79.72, before rally resumption.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rally resumed after brief consolidation and reached as high as 82.00 so far, meeting mentioned target of 100% projection of 58.32 to 75 from 65.05 at 81.72. At this point, intraday bias remains on the upside as long as 77.61 minor support holds. Sustained trading above 81.72 will pave the way to next medium term fibonacci level at 50% retracement of 147.27 to 33.2 at 90.24, which is close to 90 psychological level. On the downside, though, below 77.61 will indic...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil dipped further to 76.76 but recovered strongly since then. Downside momentum remains unconvincing with 4 hours MACD staying above signal line and intraday bias is still neutral. Nevertheless, note that another fall is expected as long as 79.62 minor resistance holds and below 76.76 will target 83.95 towards 61.8% retracement of 68.59 to 83.95 at 74.46. But downside should be contained there and bring rally resumption. On the upside, above 79.26 minor resistance wi...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's recovery from 72.60 extended further today and the development argues that rebound from 69.50 is not completed yet. Intraday bias is cautiously on the upside for the moment. Break of 75.69 resistance will bring stronger rise towards 78.04 resistance next. As noted before, break there will argue that whole fall from 83.95 has finished and will bring even stronger rally. On the downside, though, below 72.60 will flip intraday bias back to the downside for 69.50 su...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rebound from 72.43 should have completed at 78.04 already and fall from 83.95 is resuming. Break of 72.43 low will target 68.59 support next. On the upside, above 74.50 will turn intraday bias neutral and bring recovery. But upside should be limited below 78.04 resistance and bring fall resumption.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) While downside moment is diminsihing a bit, intraday bias is still on the downside. Crude oil's fall from 83.95 is expected to continue and sustained d break of 61.8% retracement of 68.59 to 83.95 at 74.46 will target a rest on 68.59 support. . On the upside, above 76.68 resistance will turn intraday bias neutral and bring consolidations. But break of 79.16 resistance is needed to indicate that fall from 83.95 has completed. Otherwise, short term risk will remain on the dow...

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rebound from 72.43 extends further to as high as 78.04 so far today an breaks mentioned first target of 38.2% retracement of 83.95 to 72.43 at 76.83. At this point, intraday bias remains on the upside as long as 75.44 minor support holds and further rally could be seen towards 61.8% retracement at 79.55 next. On the downside, though below 75.44 will suggest that rebound from 72.43 has completed and will flip intraday bias back to the downside.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) With 4 hours MACD crossed above signal line, intraday bias in crude oil is turned neutral for the moment. Some more consolidations cannot be ruled out but upside should be limited by 73.94 resistance and bring fall resumption. Below 69.50 will target 100% projection of 83.95 to 72.43 from 78.04 at 66.52 next. However, break of 73.94 will argue that stronger rebound is underway and will put focus back to 78.04 resistance instead.

  • Crude Oil Daily Technical Outlook
    Nymex Crude Oil (CL) Break of 75.04 resistance argues that a short term bottom is formed at 72.43 on bullish convergence condition in 4 hours MACD. Intraday bias is flipped back to the upside and stronger rebound should be seen towards 38.2% retracement of 83.95 to 72.43 at 76.83 first. On the downside, though, a break below 72.43 will indicate that fall from 83.95 has resumed for 68.59 key support.

  • Crude Oil Makes Gains
    Daily Review 9/2/2010USD Dollar (USD) – The Dollar has been trading sideways versus most majors due to lack of major economic data. NASDAQ weakened by -0.7% and Dow Jones closed beneath 10,000 for the first time in 3 months with -1.04%. Crude Oil gained by 0.69% closing at 71.68$ a barrel. Gold (XAU) weakened slightly closing at 1,062.5$ an ounce. Today, Wholesale Inventories are expected with 0.5% versus 1.5% prior. EURO (EUR) –The Euro remained unchanged versus the Dollar and gained vers...

  • Crude Oil Takes a Dive
    Daily Review 10/12/2009 USD Dollar (USD) – The Dollar was mixed versus the majors after Inventories at U.S. wholesalers rose in October for the first time in more than a year, signaling companies are picking up the pace of orders as the economy shows signs of improvement. NASDAQ and Dow Jones strengthened by 0.5% respectively, Crude Oil fell by 2.7% after the report showed that Crude inventories fell by 3.8 million barrels and Crude price closed at 70.64$ a barrel, Gold(XAU) fell by 2% closing...

  • Crude Oil Tumbles
    Daily Review 25/11/2009USD Dollar (USD) – The Dollar lost an important part of previous gains after the minutes of the FOMC showed that the FED sees a slow recovery and expects the unemployment rate to remain at high levels. Earlier, The GDP came out 2.8% worse than expected 2.9%. The U.S. markets ended with minor losses. Dow Jones ended the session with a loss of -0.16%, NASDAQ fell by -0.31% and the S&P 500 decreased by -0.05%. Gold (XAU) did not reach new highs closing at 1168$ an ounce...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's correction from 82.00 continued last week. Despite intra-week strong recovery, crude oil was limited below 82.00 high and weakened to new weekly low on Friday, indicating that such consolidation is still in progress. Initial bias is on the downside this week and further fall should be seen to 38.2% retracement of 65.05 to 82 at 75.53 first. Break will target 61.8% retracement at 71.52. On the upside, break of 80.46 minor resistance is needed to indicate that fal...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) After some initial choppy sideway consolidation, Crude oil's fall resumed last week and dipped to as low as 75.57, just inch above 38.2% retracement of 65.05 to 82 at 75.53. Initial bias will remain on the downside this week and further fall should be seen to 61.8% retracement at 71.52. On the upside, while some recovery might be seen, short term outlook will remain bearish as long as 80.51 resistance holds.

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil dived further last week and closed below 70 level at 69.87. Break of the medium term trend line support serves as another indication of medium term reversal. Initial bias will remain on the downside this week for 65.05 support first. On the upside, above 71.50 minor resistance will turn intraday bias neutral and bring recovery. But upside should be limited well below 79.04 resistance and bring fall resumption.

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rally extended further to as high as 82.0 last week and met mentioned target of 100% projection of 58.32 to 75 from 65.05 at 81.72. With 4 hours MACD staying below signal line, an intraday top should be in place and some sideway should be seen. Nevertheless, as long as 77.61 minor support holds, consolidation should be relatively brief and a break of 82, will bring rally resumption towards 50% retracement of 147.27 to 33.2 at 90.24. However, note that a break of...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rebound from 72.39 was limited at 79.04 and well below mentioned 80.51 resistance. Crude oil then weakened again with a break of 75.18 minor support on Friday. The development firstly indicates that recovery from 72.39 has completed and thus flip the bias back to the downside for a retest on 72.39 initially this week. Secondly, there is no indication that choppy fall from 82.0 has finished and thus more downside will remain in favor in near term. Break of 72.39 ...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil rose sharply to as high as 78.75 last week and closed strongly. The break of 75.0 resistance confirms that medium term rally has resumed. Initial bias remains on the upside this week and further rise should be seen to 100% projection of 58.32 to 75 from 65.05 at 81.72 next. On the downside, below 76.80 minor support will turn intraday bias neutral and bring retreat, probably to 4 hours 55 EMA (now at 73.98). But downside should be contained by 71.39 resistance tur...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rally from 68.59 extends further to as high as 81.16 so far and at this point, intraday bias remains on the upside for 82.0 resistance next. Recent development suggests that medium term rise from 33.2 is still in progress and bring of 82.0 high will bring rise resumption towards next key resistance level at 90. On the downside, below 79.12 minor support will turn intraday bias neutral and bring retreat, probably to 4 hours 55 EMA (now at 77.49). But break of 73....

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rebound from 72.43 was limited at 78.04 last week and fall from 83.95 then resumed by diving to as low as 69.50 before closing at 71.19. Initial bias remains on the downside this week and deeper decline should now be seen to 100% projection of 83.95 to 72.43 from 78.04 at 66.52 next. On the upside, above 73.94 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 78.04 resistance and bring fall resumption.

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's rebound from 69.50 extended further to as high as 75.69 last week but last momentum since then. With 4 hours MACD crossed below signal line, intraday bias is turned neutral. Break of 72.60 minor support will indicate that such recovery has completed and will flip intraday bias back to the downside for 69.50 support first. Break will confirm resumption of the whole fall from 83.95 towards next key support at 68.59. On the upside, above 75.69 will turn focus to 78...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil finally broke 82.0 resistance to resume the medium term rally and stayed firm above this level. While some sideway trading might be seen in initially this week, outlook will remain bullish as long as 80.79 support holds. Recent rise from 68.59 is expected to resume sooner rather than later towards upper trend line resistance at 87/88 level. On the downside, break of 80.79 will argue that a short term top might be formed with bearish divergence condition in 4 hours...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's fall from 83.95 extended further to as low as 74.01 last week. The break of 61.8% retracement of 68.59 to 83.95 at 74.46 argues that whole rise from 68.59 is completed. Initial bias remains on the downside this week and further fall should be seen to retest 68.59 support next. On the upside, above 76.68 resistance will turn intraday bias neutral and bring consolidations. But break of 79.16 resistance is needed to indicate that fall from 83.95 has completed. Othe...

  • Crude Oil Weekly Technical Outlook
    Nymex Crude Oil (CL) Crude oil's decline from 83.95 was still in progress and reached as low as 72.43 last week. With 4 hours MACD crossed below signal line again, crude oil should be regathering down side momentum. Initial bias remains on the downside this week and further fall should be seen to retest 68.59 support next. On the upside, though, above 75.04 will indicate that a short term bottom is formed, possibly with bullish convergence condition in 4 hours MACD. Stronger rebound should then...

  • Crude Oil: Violation Of The 74.97 Level To Trigger MT Uptrend
    Crude Oil: Violation Of The 74.97 Level To Trigger MT Uptrend - With Crude Oil presently seen on the offensive following its recent declines to as low as 65.03 in late Sept’09, a retarget of its YTD high at 74.97 is now envisaged.

  • Crude Remains Unchanged
    Daily Review 04/01/2010USD Dollar (USD) – The Dollar was mixed versus the majors gaining versus the Euro and the Yen and weakening versus the Pound. Weekly unemployment claims came out better than expected with 432K, showing the U.S employment slump is ending. Light end of the year trading caused abnormal movements in the markets led by speculations. NASDAQ and Dow Jones declined by -0.97% and -1.14% respectively. Crude remained unchanged closing at 79.49$ a barrel and Gold (XAU) gained by 0.2...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4960{image "eur_20091119001404.gif"}Pair remains consolidating around the 1.4960 level since U.S. close, after failing to break above the 1.5000 area again; with hourly indicators slightly bearish, and with bigger time frames flat, pair needs to move under 200 EMA (violet) around 1.4920 to extend current downside momentum. To the upside, 1.5000/20 level seems to be key as the pair has halted just under that zone since past Thursday: clear movements above that level will ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4843{image "eur_20091120142335.gif"}Rebound on the expected 1.4800/10 support area, has sent the pair to retest the 1.4860 zone, as indicators reached over sold conditions in the hourly chart. However, if the pair doesn’t manage to regain that zone and on contrary print a fresh low, chances are for further downside movements as 4 hours charts remain as bigger time frames also support the bias. Now struggling around 200 EMA in 4 hours charts, we need a clear candle open...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4874{image "eur_20091117234555.gif"}Consolidating under 1.4880 area, pair has lost upside momentum, yet remains above key 1.4810 support area, that hold the downside; hourly indicators turned flat, suggesting not enough upside strength at this point, while price remains under 20 SMA that crossed 200 EMA also, also limiting further rises. 4 hours charts however, hold the bullish bias, as long as above mentioned key support zone. Pair needs either to regain 1.4920/40 area ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4887{image "eur_20091117142008.gif"}Pair lost momentum after failing again to regain the 1.5000 area, and turned bearish in the hourly. Momentum points for further falls, while RSI approaches to oversold levels, still pair has room to fall under today’s low zone, 1.4850 and first support zone to consider. Under 20 SMA (red) and 200 EMA (violet), as long as above 1.4800/10 current movement could be understood as just corrective; break under this last should bring some d...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4955{image "eur_20091116003204.gif"}Following past Friday’s U.S. positive stocks, Nikkei 225 opened to the upside 0.1%, with gold also supporting risk appetite gapping to the upside and quoting at 1123/oz. Euro remains well bid at this point and bullish in the hourly chart, with indicators pointing for further gains for the hegemonic currency. SMA Bigger time frames support the bias as daily indicators lost the negative slope and turned to the upside. Support levels: 1...

  • Currency Majors Technical Perspective
    {image "eur_20091123000530.gif"} Flat in the hourly chart, pair remains under 20 SMA while indicators in the chart look slightly bearish. Bigger time frames remain bearish after today’s opening to the downside yet no much action is expected during current session: while risk appetite downturn will keep the par from running higher, rising gold prices likely to limit downside movements. While 1.4930 is the key level to watch to the upside during the next sessions, 1.4750 daily ascendant trend l...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4975{image "eur_20091124143625.gif"}After U.S. GDP under expectations, yet at 2.8%, pair is almost unchanged. Hourly indicators show pair is losing previous upside strength, with price action closely attached to gold movements rather than stocks. Still trading in weekly range pair needs to strongly clear the 1.5000/20 level to trigger an upside acceleration, not seen at this point. Watch for a break under today’s low around 1.4880 support, to trigger some bearish movem...

  • Currency Majors Technical Perspective
    {image "eur_20091127000515.gif"} Losing ground quickly in firs Asian hours, risk aversion and thin volume exacerbates movements, with pair testing key support at 1.4930 before rebounding to current zone. Technically, hourly indicators seem a bit exhausted to the upside, yet bigger time frames support further falls, better after some upside short lived correction. Daily ascendant trend line at 1.4840 area, remains key midterm inflection point.Support levels:  .4930 1.4880 1.4840Resistance l...

  • Currency Majors Technical Perspective
    {image "eur_20091113000057.gif"} Close to past Thursday lows, indicators show pair oversold in the hourly, suggesting some downside correction before a new leg down. However, upside corrective movements likely to remain capped by the 1.4880 area, as 4 hours charts indicators show pair strongly bearish and still with room to fall. Confirmations under strong 1.4810 support area, will confirm further selling in the pair, that would probably take leads from commodities and stocks after Japan openin...

  • Currency Majors Technical Perspective
    Currency Majors Technical Perspective

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.5060{image "eur_20091125143354.gif"}Pair is showing signs of exhaustion in the hourly chart, and ready to trigger some downside correction, if manages to confirm under 1.5060, previous yearly high. Still bias remains strongly bearish and price behavior attached to gold. As long as the metal remains strong, chances of a dollar recovery are very few. Above current high, next resistance comes at the 1.5150 area that should make the pear retreat briefly. Support levels: 1.50...

  • Currency Majors Technical Perspective
    {image "eur_20091130000351.gif"} Pair opened strongly bullish gapping above the 1.5000 level, only to quickly come back to past American session close zone. Quoting at 1.4975, indicators in the hourly chart remain bullish, while price remains above 200 EMA and 20 SMA that is turning up after losing its bearish slope. 4 hours charts also turned bullish, with RSI cutting downside up the 50 level, while momentum turned to the upside. Pair needs to confirm above strong congestion zone around 1.5020...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4774{image "eur_20091102132042.gif"}Pair is trapped between 1.4700/1.4800,  still not clear in the hourly chart, as candles keep printing higher highs, yet indicators had turned down suggesting not enough upside strength. 20 SMA under current price remains flat, while bigger time frames also failed to give clear definitions. U.S. data and consequent stocks reaction could define today’s trend. Support levels: 1.4740 1.4710 1.4680  Resistance levels: 1.4780 1.4...

  • Currency Majors Technical Perspective
    {image "eur_20091104010902.gif"} Back above 61.8% retracement around 1.4700, pair turned slightly bullish in the hourly chart, yet indicators seem to have lost upside momentum while 20 SMA remains strongly bearish despite under current price. Bigger time frames show same conditions with pair slightly bullish yet with no enough strength, suggesting we need to see a strong acceleration above 1.4740 area to confirm an upside continuation. Next resistances for next hours come at 1.4770 and 1.4810, ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4770{image "eur_20091103000344.gif"}Pair remains inside a wide range with no clear bias coming form 1 hour charts. Hovering around 20 SMA, indicators are flat as market waits for next trigger to hit markets. With Japan closed for holiday, yet RBA raking rates decision, risk likely remain to be the main driver of the pair. Above 1.4800 level, pair can retest yesterday’s high zone that will need to clearly overcome to extend the upside. Bigger time frames however, point ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4733{image "eur_20091101233143.gif"}After testing 1.4680 pre interbank opening, pair strongly rebounded to current resistance level; with indicators exhausted to the downside in the hourly, pair could attempt some upside correction, thus limited by bearish 20 SMA and general market sentiment of increasing risk aversion. Pair needs to regain the 1.4780 to lose the bearish perspective, while break under 1.4680 support zone will accelerate downside momentum. If local shares...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.5005{image "eur_20091130234213.gif"}Quite flat after a choppy session, hourly indicators show pair contained to the upside by 20 SMA that is turning bearish, now around static resistance zone of 1.5020. Indicators are also flat while the same picture comes from 4 hours charts, so we need to see the pair accelerate a break either down or up to define next hours trend; key support level to watch is past Monday low around 1.4960/70, while above 1.5020/40 congestion zone, p...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4866{image "eur_20091104235606.gif"}After FED decision to keep rates unchanged and lows for an extended period yet optimistic about economic recovery, stocks run to the upside, taking the pair to the 1.4910 area, where hourly indicators reached extreme overbought conditions. Current downside corrective movement remains above key 1.4850 area; with local shares expected to follow Wall Street, and ahead of early Europe ECB and BOE monetary policy, pair likely to remain arou...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4875{image "eur_20091106123013.gif"}Still in range, waiting for U.S. Payrolls, pair remains slightly bullish as still above 20 SMA, yet losing upside momentum after this consolidation stage. Trapped under the 61.8% of the last daily fall, pair needs to break above 1.4930 to extend the upside, while clear break under 1.4810 could trigger selling rallies. Pair today likely to follow U.S. stocks.Support levels: 1.4850 1.4810 1.4750 Resistance levels:  1.4890 1.4925 1.4...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4983{image "eur_20091110234827.gif"}Still ranging, pair has not changed since last update. Sentiment keeps Euro well bid despite indicators in bigger time frames had lost upside momentum; hourly charts show price above flat 20 SMA, while also flat indicators, suggesting pair likely to continue following stocks and commodities. Pair needs to clearly break current range to define further strength: to the upside, level to watch is past week high of 1.5020, while to the down...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4725{image "eur_20091009140236.gif"}Pair turned bearish with U.S. opening,  supported by price under 20 SMA with a very light bearish slope, and indicators; however, seems we are in a consolidative stage, and we have an ascendant trend line, very close to current zone, at 1.4696. Clear new candle opening under that level is needed to see the pair gain some downside momentum, thus not seen at the moment. Clear break above 1.4785 would deny the bias and send the pai...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.5001{image "eur_20091109232644.gif"}Consolidating around daily high, Euro remains well bid on DJIA yearly high and gold prices above $ 1100/oz. Hourly charts show pair consolidating in a tight range between 1.4980/1.5020, with a strongly bullish 20 SMA, suggesting more upside to come if local shares replicates Wall Street gains. 4 hours charts show a continuation formation, a symmetrical triangle, thus indicators lost upside momentum and pair remains close to overbought ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4874{image "eur_20091108234804.gif"}Pair is holding inside past week range, still contained under the 1.4900 level, with a slightly bullish perspective in the hourly chart, as both momentum and CCI are close to cross the mid line, while current candle opened above 20 SMA. however, moving averages remain flat to confirm a bias, while pair has a gap from Friday’s close around 1.4840, first support for today. If this gives up, expect the pair to approach to next key suppo...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4922{image "eur_20091112132755.gif"}Pair keeps pushing lower, approaching and rebounding slightly from the 1.4910 support zone; with indicators still bearish and with 20 SMA about to cut 55 EMA in the hourly above current price, a confirmation under mentioned lows, should trigger more downside movements, as both 1 and 4 hours indicators remain clearly bearish supporting the bias. Support levels: 1.4910 1.4860 1.4820Resistance levels: 1.4950 1.4980 1.5020 GBP/USD Current...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4320{image "eur_20091220224457.gif"}Opening lower, dollar continues previous Friday advance against Euro, gapping to the downside in early interbank trading. Pair reached a 3 month low around 1.4260, key support to consider during next hours, as break and acceleration under that level will send the pair lower during next sessions. With volume getting thinner due to Christmas holidays, hourly charts show flat indicators with no clear bias next hours, while price holds und...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4306{image "eur_20091222142110.gif"}Regaining the 1.4300 level after worse than expected GDP q/q reading in the U.S., hourly charts show slightly bullish indicators with price above 20 SMA; maximums zone around 1.4340 should be overcome to trigger further upside momentum, thus seen limited for today, as stocks are back up while gold is back down after the spikes triggered by GDP. Bigger time frames remain bearish, yet over sold. Watch for market to remain thin during Ame...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4290{image "eur_20091223142826.gif"}Regaining the upside, Euro is slightly bullish after U.S. data, approaching to the 1.4300/10 area, still with hourly indicators far from showing strength; above 1.4300, pair could extend the rally to the 1.4340 area, as bigger time frames support the bias. Beware of tiny volume and strong spikes these days.Support levels: 1.4250 1.4220 1.4180 Resistance levels:  1.4300 1.4340 1.4410 GBP/USD Current price: 1.5949{image "gbp_200912...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4353{image "eur_20091221142606.gif"}Pair remains ranging close to this month low, unable to gain some upside momentum. Bigger time frames show pair still bearish thus over sold, suggesting some limited upside corrective movements ahead. Above 1.4375 area, correction could extend to 1.4460 the most during next sessions. Break under 1.4265, past week low, should signal on the contrary, further falls.Support levels: 1.4300 1.4265 1.4225 Resistance levels:  1.4375 1.441...

  • Currency Majors Technical Perspective
    {image "eur_20091030000908.gif"} Barely holding under the 38.2% of the last daily up leg, hourly indicators seem exhausted to the upside suggesting some downside correction to come, as long as pair don’t break above yesterday’s high zone of 1.4860. Bigger time frames however remain strongly bullish, and with NIKKEI 225 opening 1.3% up above 10000, expect the pair to extend current rally, as long as above 1.4770 support zone and local shares remain in positive territory.

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4318{image "eur_20091218142241.gif"}Regaining the downside, pair is quickly approaching to the 1.4300 yesterday’s low support. Hourly charts show indicators supporting the bias ahead of U.S. opening, with strong bearish momentum and bigger time frames also supporting the bias: 4 hours charts 20 SMA remains well above current price and with a strong bearish slope.Support levels: 1.4300 1.4275 1.4225 Resistance levels:  1.4360 1.4420 1.4460 GBP/USD Current price: 1....

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4369{image "eur_20091224144418.gif"}Pair reached 1.4410/20 area sending hourly indicators to overbought conditions, that quickly gave up after better than expected U.S. data. Turning bearish, 20 SMA has lost the bullish slope, and pair continues falling with Wall Street opening higher. Bigger time frames show pair has corrected around the 23.6% of the last daily downside rally, still not suggesting a downside continuation: we need a confirmation under 1.4350 to see the p...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4367{image "eur_20091227231914.gif"}Thin volume due to holidays extends in this Asian opening with New Zealand and Australia markets closed. Pair opened slightly to the upside, still capped under 1.4380 area, first support for next hours, ahead of the 1.4420 area, past Friday’s high, also 200 EMA in the hourly chart. With indicators slightly bullish, pair needs at least to confirm above this last to extend the upside during next hours. Under 1.4350 area, key support li...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4385{image "eur_20091231144730.gif"}Tending lower in the hourly chart, pair lost upside momentum after U.S. data and has a slightly bearish perspective for this American session. Failure to hold above 1.4400 suggests more downside ahead of 1.4365, yesterday’s high area; 4 hours chars also show some downside pressure ahead as indicators seem exhausted, thus low volume likely to keep pair ranging rest of the day. Support levels: 1.4365 1.4330 1.4305 Resistance levels: 1....

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4310{image "eur_20091230144002.gif"}Approaching to daily low, pair shows strong bearish momentum before Wall Street opening and ahead of Chicago PMI. Hourly indicators point for further losses in the pair during next sessions, with 1.4280 area as immediate support to consider, with the pair likely addressing to the lows 1.42. Upside should remain capped by 1.4365 strong resistance area.Support levels:  1.4280 1.4250 1.4215Resistance levels: 1.4330 1.4365 1.4410 GBP...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4438{image "eur_20091229142741.gif"}Pair finally broke higher above the 1.4420 resistance, now support zone, and holds above it after worst than expected U.S. housing price report. Consolidating close to daily highs, hourly indicators are losing upside momentum yet pair likely remain on hold till U.S. Consumer Confidence data. 4 hours charts support some upside movements, so as long as above 1.4410/20 area, pair remains slightly bullish for today.Support levels: 1.4420 1...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4404{image "eur_20091228145253.gif"}U.S. stocks market opened strongly up, while gold is losing the $ 1110/oz level, suggesting some dollar gains ahead of current session.  Hourly indicators seem a bit exhausted to the upside, while 200 EMA keeps capping the upside. Still volume remains extremely thin and pair could exacerbate any rally; 4 hours charts show pair lost also upside momentum, with flat indicators. First strong support lies at the 1.4350 area, and seems ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4364{image "eur_20091217143043.gif"}Oversold after reaching an intraday low around 1.4330, hourly indicators are saturated in the bottom, giving no signs of an upside corrective movement ahead, thus some upside correction is likely as 4 hours charts are also oversold, however, 20 SMA strongly bearish above current price, should keep the upside limited.Support levels: 1.4330 1.4270 1.4230 Resistance levels:  1.4390 1.4420 1.4460 GBP/USD Current price: 1.6134{image "g...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4550{image "eur_20091216142747.gif"}As expected, upside corrective movement developed during Asian session, with pair reaching the 1.4580 resistance level, yet mostly sideways, waiting for the FOMC statement. Hourly charts indicators had turned slightly bearish after U.S. data, with dollar regaining strength supported also by falling gold price. Attempting to cross flat 20 SMA to the downside, yesterday’s low around 1.4510/20 is the key support to watch for further fal...

  • Currency Majors Technical Perspective
    {image "eur_20091207142304.gif"}Pair remains under selling pressure following Asia and Europe tone. Unable to clearly regain the 1.4800 level after several attempts among the last hours, pair is contained in a tight range probably waiting for Wall Street opening. Hourly indicators had lost the extreme over sold  conditions, while remain flat at the lows; still 20 SMA strong bearish slope support further falls, as well as 4 hours indicators, that support the bias. Break under today’s low,...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4867{image "eur_20091206234456.gif"}After past Friday’s rally pair is way oversold in the hourly chart, gapping to the upside at the opening around 20 pips; 4 hours charts indicators are also oversold suggesting some upside correction ahead before further definitions. Starting the day under daily ascendant trend line coming from March lows, pair has turned bearish in the midterm yet needs to break under key 1.4800 strong static level to confirm further falls.  To ...

  • Currency Majors Technical Perspective
    {image "eur_20091203235526.gif"} Pair fell to an intraday low of 1.5040 after ECB disappointed market with timid announcements regarding exit strategies. Hourly charts show indicators pointing for an upside corrective movement, with 20 SMA above current price at 1.5080 acting as firs dynamic resistance for next hours. Bigger time frames had turned bearish, with 4 hours charts signaling further falls after due correction. Still pair likely to remain contained ahead of U.S. Non Farm Payroll data.

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.5089{image "eur_20091203141640.gif"}After rates and Trichet speech, Euro spiked to test the year high and quickly lost 60 pips, because, as expected ECB started announcing exit strategies, yet in general speech remained dovish, and mentioned strategies not as strong as maybe market was expecting. Also, falling gold is helping greenback across the board, yet movements are far from showing an intraday change: current candle opened above 20 SMA in the hourly that holds the ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4766{image "eur_20091208151327.gif"}Euro slide extended since Europe opening, having print afresh weekly low at 1.4726 so far today. Hourly indicators remain bearish yet a bit overextended to the downside, yet falling gold price and stocks likely to keep pair under pressure. 4 hours charts indicators also support further falls, thus pair has quite a strong congestion zone, around 1.4680/1.4700. Clear break under could accelerate current bearish trend.Support levels: 1.47...

  • Currency Majors Technical Perspective
    {image "eur_20091209000143.gif"} Having overcome yesterday’s low already, pair remains bearish thus oversold both in 1 and 4 hours charts, suggesting pair needs some upside corrective movement before gaining strong downside momentum. 20 SMA in the hourly chart with a strong bearish slope above current price, support the bias. The 1.4620 support  zone, 61.8% retracement of the monthly fall 1.6038/1.2330 remains as a key midterm level to watch, as daily close under that zone, will signal f...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4551{image "eur_20091215143249.gif"}Break under 1.4620 support drove the pair lower, reaching extreme oversold conditions in the hourly chart, at 1.4520 area, from where the pair is slightly correcting to the upside. However, as long as under 1.4620, where corrective pullbacks should halt, pair bias remains strongly bearish ahead of FOMC, as 4 hours indicators point for it. Watch for a break and acceleration under 1.4510 to trigger further sell off in the pair.Support le...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4625Asian session started quietly, with dollar holding past week gains against major rivals across the board. EUR/USD quotes around past Friday’s close of 1.4620, with dollar consolidating gains. Asian stocks had a positive perspective from Wall Street gains, thus correlation between currencies and stocks, likely to continue detaching. Volumes become thinner ahead of Christmas, so pair likely to consolidate in range. Hourly charts show a small flag consolidation format...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4676{image "eur_20091211142951.gif"}Pair failed to regain the 1.4780 area and is back down despite the triangle we have been following here. Quoting at daily lows, and with bearish indicators in the hourly chart, pair is approaching to the weekly low of 1.4665, that if gives up, will trigger more selling pressure to the 1.4620 area. This last is quite a strong support, so a break and close of the week under it, likely confirm further falls for next weekSupport levels:&nb...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4753{image "eur_20091210142012.gif"}Recovering the upside after better than expected U.S. Trade balance, pair is breaking above a short term descendant trend line top of a triangle that must be discarded if current candle extends. Close to daily high of 1.4760, and with a slightly bullish tone, pair needs to break above static resistance area around 1.4780 to confirm further rises during next session, and only under 1.4680 pair could change intraday bias to strongly bear...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.5072{image "eur_20091202141753.gif"}Still close to daily yearly highs, pair is turning slightly bearish in the hourly, pointing for some downside corrections ahead. Under 20 SMA and close to 1.5060 support zone, an acceleration trough that level likely to send the pair lower, to test next static support zone between 1.5000/20. 4 hours charts indicators, also look exhausted to the upside, supporting the corrective movement.Support levels:  1.5060 1.5020 1.4970Resista...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4763{image "eur_20091012132102.gif"}Not much changed since last update, holidays keep pair range bound between 1.4670/ 1.4770 area, having spike after U.S. futures barely move above previous yearly high. Hourly charts show pair ready for a downside corrective movement now, as both indicators seem to have turned lower. 20 SMA turned into dynamic support now, around 1.4710 area, while movements above current high could trigger some upside momentum in the pair.Support lev...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4111 {image "EUR_USD+Spot_20100121065835.png"}The pair is little change overnight. Momentum is pulling back to the zero line and RSI is attempting to come out of the oversold area. 20 SMA is still holding the pair lower and currently stands at 1.4111. We do have a 38.2% retracement point (of the whole move up) at 1.4072 which we glanced overnight. We also have a previous low at 1.4051. I think any pullback would only be corrective before the next move lower and the previo...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4129 {image "EUR_USD+Spot_20100122070031.png"}OK, well Obama has done the global market no favours with his proposed plans to curb proprietary trading. As we know, if you have been following the discussions on FXstreet.com, this is not just banks but private traders. The USD has lost some of its gains since the announcement but YEN has been the main beneficiary. EURUSD moved higher from its low at 1.4029 (where we were met with some small divergence). We have moved throug...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4199 {image "EUR_USD+Spot_20100120070104.png"}Asian stocks lower again overnight and the USD has strengthened. The EURUSD had a strong down day yesterday where we saw it break the expanding wedge formation and the previous low. 4 and 1 HR timeframes are looking exhausted and we may be forming a hammer on last 4 hr candle (too soon to tell). In my opinion, with the weekly Doji bar and the follow through we have had this week, any upward move should be short lived before th...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4399 {image "EUR_USD+Spot_20100119065415.png"}Asian stocks are lower overnight and the USD has weakened. We are in a corrective move higher and the 20 SMA is holding on as support at the moment. All indicators are flat giving no clues of market direction. We may be forming a wedge formation that favours a break to the downside but with yesterday being a US holiday this pattern should be taken with care. A break of 1.4379 should take us down to 1.4334 (previous low) and t...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4433 {image "EUR_USD+Spot_20100118070634.png"}Asian stocks have fallen overnight and we are very light on figures today. EURUSD has pushed higher out of the descending channel but only to form a doji at 05.00am. Just trying to break through the 20 SMA at the moment (1.4371). Most indicators are still looking bearish but are showing possible signs of a reversal. Head and Shoulders breakouts will normally target the base (1.4265) but we have strong trend line support at 1.4...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4155{image "eur_20100124233708.gif"}Slightly bullish at the opening, pair has gapped to the upside, starting the Asian session above hourly 20 SMA. After past Friday’s fall in Wall Street with DJIA -2.13% and S&P down 2.20%, local markets had a quite negative cue from there. Technically, pair is moving inside a small ascendant channel, with flat indicators in current chart, yet supporting some bullish bias in bigger time frames. 1.4180, past Friday’s high is firs...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4168 {image "EUR_USD+Spot_20100125065510.png"}Stocks in Asia are down for the sixth day as the market digest Obama’s plans. EURUSD still moves sideways up in what looks like a corrective channel. Indicators are still looking slightly bullish at the moment but this move may be losing it momentum. An ABC correction has taken us to 1.4182 (84 the high) so we should watch that level for a possible break. If we push through 14184 then 1.4219 breakout trend line is the next r...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3947 {image "EUR_USD+Spot_20100129065216.png"}Just keeps pushing lower in this large downward channel. News that Germany and France will not bail out Greece yesterday (contrary to rumour) pushed the Euro lower. We pushed on to 13913 low and look like we may just have small correction here. All indicators are bearish. As long as we can stay in the channel (top trend line 14020) the trend should continue. The weekly candle is looking strongly bearish Support levels: 1.3912...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3867{image "eur_20100131233625.gif"}Rally extended to a six- month low of 1.3861 past Friday, leaving hourly charts oversold as seen on current chart. 20 SMA above current price holds the bearish slope, while bigger time frames also show indicators oversold. Aside from that no signs of reversal o correction yet; pair has a first resistance around 1.3890 area, ahead of 1.3940 zone. Clear break above could signal further upside rally, still considered corrective, to the 1....

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4718{image "eur_20091029002036.gif"}Nikkei 225 opened strongly down 1.3% breaking under 10.000 and reaching 9941, showing risk avert movements are not over in currency markets. Close to yesterday’s low also 61.8% of this month rally, confirmations under 1.4705 will likely send pair lower. Still, hourly indicators remain pointing for some upside corrections that likely remain limited if local stocks continue falling. Bigger time frame indicators also seem exhausted to t...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4069 {image "EUR_USD+Spot_20100127070257.png"}EURUSD little changed overnight. Yesterday we made a move to try to penetrate the previous low at 1.4032 but failed, reaching just 1.4042. We are holding below the 20 SMA at the moment and are making lower lows. Momentum and RSI are both in their sell zones so overall we have a downward bias. However, we are showing some divergence to buy on the 4 hr chart (MACD) so this correction may not be finished yet. 1.4032 is the key ...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4084 {image "EUR_USD+Spot_20100126070108.png"}Stocks are down for the seventh day in a row (in Asia) over concerns that China may try to slow their economy. USD and YEN have strengthened. EURUSD has pushed out of the channel at midnight (GMT) and the pair pushed down impulsively. If we look to the daily chart we can see a doji from yesterday that signals the indecision. The first target area will be the previous resistance line (now support) and the previous low at 1.40...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4357{image "eur_20100117224145.gif"}Euro opened the week slightly bearish, gapping to the downside as some risk aversion due to Dubai World credit issues hit the wires this Sunday. With indicators bearish yet showing downside rally a bit overextended and under 20 SMA still with a nice bearish slope, pair  needs to break under 1.4335, past Friday’s low to accelerate to the downside. 4 hours chars support the bias, while in this time frame indicators show pair has s...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4433 {image "EUR_USD+Spot_20100115070149.png"}We got our break of support last night (1.4455) and have pushed lower to 161.8% of the first wave (1.4407). Here we look to the RSI where we are slightly oversold. Just because we have an oversold reading does not mean that we are preparing to go higher. All other indicators are strongly bearish with the MACD opening up (wider lines showing growing trend) and showing no signs of divergence. A break of 1.4406 should take us dow...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4356 {image "EUR_USD+Spot_20100106065209.png"}The pair broke through the 1.4400 resistance area late yesterday afternoon and pushed lower still overnight. We have now found a support area at 1.4345. We are in, what looks like, a large corrective upward channel which has been forming since the lows on the 22nd of December. A push through support at 1.4345 should open the way for a move down to 1.4270 trend line supportSupport levels: 1.4345 14313 1.4270Resist...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4380 {image "EUR_USD+Spot_20100107065414.png"}The pair managed to push higher after the FED meeting last night and spiked up to 1.4446. We have since turned bearish and at the time of writing are trying to break the daily Pivot at 1.4373. A barrage of figures out of the Euro zone today at 10.00am http://www.fxstreet.com/fundamental/economic-calendar/ . A break of the pivot opens the way for a move down to 1.4320 and 1.4280. A move through 1.4446 would turn the pair bullis...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4413{image "eur_20100105144530.gif"}Losing strength, pair is approaching to the base of the range around 1.4400 that has been capping the downside since yesterday. Hourly chart show indicators mostly flat as well as 20 SMA, giving no clear bias for current session, as sentiment leads the way. 4 hours charts turned slightly bearish yet we need a confirmation under mentioned 1.4400 area, to see the pair extending the downside. Better if 1.4365 static support zone gives up....

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4437{image "eur_20100104143950.gif"}Bullish in the hourly chart, pair is approaching to 1.4460 resistance area, past week high. Indicators support further rises despite slightly over extended, as no signs of corrective movements are seen either in 1 or 4 hours charts. Well supported above 20 SMA, confirmations above mentioned area likely to trigger further rises to the 1.4485 area, ahead of stronger 1.4515 level.Support levels: 1.4410 1.4365 1.4320 Resistance levels:&nbs...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4328{image "eur_20100103233905.gif"}Gapping to the downside,  pair started the week holding the bearish tone in 1 hour charts, as indicators remain pointing for further loses. Price action continues developing under 20 SMA, both in 1 and 4 hours charts, while 4 hours charts indicators also support further falls; under 1.4300 area, first support for the next hours, pair likely to approach to next level around 1.4260/70, while only under this last, a retest of the low...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4312 {image "EUR_USD+Spot_20100108065409.png"}Pushed lower yesterday and continued it’s moved down in an impulsive manner. We have now reached close to the previous low (1.4283) and our solid trend line support at 1.4280. At the time of writing the pair is trying to make a comeback. If we can manage to pull above 1.4328 then I think the pivot (1.4354) is all that we may see before the next onslaught lower. We are still in a large corrective channel that favours a break ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4415{image "eur_20100110233120.gif"}Still inside the daily ascendant short term channel, hourly charts show pair is forming a small continuation triangle in the hourly chart, above 1.4440 resistance area, pair could extend the upside despite hourly indicators look a bit exhausted in the hourly. 20 SMA regained the bullish slope under current price supporting the bias. 4 hours charts indicators are also slightly bullish. Stocks likely to rise following DJIA 15 months high...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4539 {image "EUR_USD+Spot_20100114065634.png"}Australia beat its job estimates overnight and this sent Asian stocks and the Aussie dollar higher overnight. These, in turn, made the USD slip slightly and EURUSD moved up to a high of 1.4457. We have trend line resistance at 1.4573 that held yesterday and the move up does look corrective at the moment. As long as we can hold that high I think we may favour the downside. A move below 1.4497 would be the first indication. I w...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4492 {image "EUR_USD+Spot_20100113065119.png"}We have been stuck in a range for the last couple of days with some very choppy trading. We have made a base around 1.4455 and have failed to break the previous high at 1.4556. This has formed a descending triangle formation which favours a break to the downside. However, there are two sides to the story. This could still be a fourth wave correction before the next wave higher. At this point we cannot be any clearer and need ...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4500 {image "EUR_USD+Spot_20100112070319.png"}The USD has risen against virtually all currencies overnight as the outlook for the global recovery is slowing. EURUSD pulled back to 1.4454 before posting a doji. For the past three hours we have had a positive move and a currently sitting on the previous resistance line at 1.4504. The move down reached the 38.2% retracement mark which is popular for the 4th waves in the Elliott wave theory. It then favours a move to the upsi...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4508 {image "EUR_USD+Spot_20100111070306.png"}We have pushed higher from the open in Asia with a gain of over 100 points. The move up is strongly impulsive but we are looking overbought on the 1 and 4 hr charts. We have moved above the corrective channel but have yet to have a solid green candle close above. A move lower should only be corrective after the strong rally. A move above 1.4553 could open the way for a rally to 1.4656Support levels: 1.4482 1.4432 1.4370Resista...

  • Currency Majors Technical Perspective
    EURUSD Current price: 13883 Asian stocks are lower overnight. EURUSD little changed from the close on Friday. Refused to push lower than 1.3850, forming two doji’s near the base. 13890 will be the first resistance. Still trading in this large descending channel, this move up looks like a correction before the next leg lower. A move above 13930 then a break of the trend line (currently at 13971) would change that view. If we look to the daily and weekly bars they are both strongly bearishSuppo...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.4011 {image "EUR_USD+4+Spot_20100128065429.png"}{image "EUR_USD+Spot_20100128065446.png"}Fed unchanged overnight and EURUSD pushed lower on the news. If we look to the 4 hr chart we see a large doji for the last candle. This happened with a move down to 261.8% (13943) and made a low at 13938. We also have possible divergence to buy at this level with all indicators yet to make a lower low. (Nothing confirmed yet). If we then look to the 1 hr chart we are in a huge down ch...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4740{image "eur_20091011234415.gif"}Euro started the week well bid, with a bullish tone both in 1 and 4 hours charts.  Hourly indicators are giving continuation signals, with current candle opening above 20 SMA, suggesting more upside to come; 4 hours ascendant trend line coming from 1.4560 low remains valid as no 4 hours candle opened under it. Japan will remain close on holiday, yet regional markets likely rise following past Friday’s Wall Street gains; expect...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4894{image "eur_20091018222739.gif"}Dollar starts the week slightly up against Euro, just under the 1.4900 level. Having formed a probable double roof figure on the hourly around 1.4965 highs, clearly under 1.4840 neck line pair could extend the downside thus negative sentiment likely halt any powerful dollar rally; current candle opened under 20 SMA while indicators are slowly turning down. Bigger time frames also support some falls for the next hours, yet break above 1...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3927{image "eur_20100201235126.gif"}Pair corrective movements triggered by a return in risk appetite, remains capped by the 1.3930 area, 23.8% retracement of the last daily fall. Euro rises likely to remain limited by economic issues in Greece, Spain and Portugal, despite good chances of a rise in local share markets after strong Wall Street gains. Hourly charts show indicators flat, while price remains above 20 SMA, while 4 hours charts show a slightly bullish bias with...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3624{image "eur_20100221224015.gif"}Extending past Friday’s bullish corrective movement, pair has gapped to the upside in early interbank trading, reaching 1.3640 resistance area from where the pair seems to be retreating slightly. Hourly chart show indicators still bullish, yet approaching to overbought conditions, while 4 hours charts show bullish strength coming from technical indicators and current opening took place above 20 SMA; as long as 1.3600 acts as support,...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3487{image "eur_20100219000114.gif"}Dollar soared to a 9 month high against Euro early Asia, after the surprise movement form FED in the discount rate, raised to 0.75% from 0.50% previously; technically, pair is breaking under key 1.3480/90 area, 61.8% retracement in the daily chart of 2009 bullish rally, signaling this wat further falls to come ahead. Indicators remain bearish with no signs of exhaustion or oversold, suggesting under current 1.3455 low, pair could exten...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4929{image "eur_20091019083540.gif"}    Euro regained the upside after testing as low as 1.4826 in early Asia. European session started with a rush of risk appetite, following also rising gold prices. Hourly indicators are slightly bullish while bigger time frames also support the bias: immediate resistance comes at 1.4946 recent high, followed by 1.4965 zone. Above that level, pair will likely attempt to reach 1.5000 in the next hours; downside seems limi...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4958{image "eur_20091021074835.gif"}Fresh year highs for Euro yesterday barely shy of 1.5000, Euro opened Europe well bid and pointing higher. Gold and stocks continue rising, supporting more risk appetite and dollar falls for next hours. Hourly indicators show 20 SMA broken in current candle opening far under current price zone, now turned into dynamic support. Indicators remain to the upside, yet with no enough momentum yet. Bigger time frames indicators are mostly fla...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4819{image "eur_20091028003023.gif"}Nikkei opened slightly bearish, halting pair upside corrective movement. With hourly indicators losing upside strength, 20 SMA continues strongly bearish and acting ad dynamic resistance level. Small continuation triangle clear in the hourly, break under 1.4800, immediate support level, could signal more downside ahead of current session, yet 4 hours charts show indicators exhausted to the downside, suggesting some short upside correct...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4849{image "eur_20091027002021.gif"}Despite technically oversold, hourly charts for the pair show a continuation figure, with 1.4840 as key support level to watch, also the 38.2% retracement of the daily rally 1.4480/1.5063. 20 SMA has turned strongly bearish, thus bigger time frames show indicators a bit exhausted to the downside, suggesting some upside corrective movement to come in the next hours that could reach 1.4910 without harming current bearish trend. Break und...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.4983{image "eur_20091026005654.gif"}Pair turned slightly bearish in the hourly, thus 1.4970 support zone still holds. 20 SMA has turned to the downside, and remains above current price, while indicators in the hourly chart continue pointing for further falls if the support gives up. Bigger time frames indicators also support the bias, thus pair needs to clearly move away from the 1.5000 area to confirm a deeper correction.Support levels: 1.4960 1.4940 1.4910Resistance le...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.5036{image "eur_20091023133041.gif"}Euro continues consolidating above 1.5000, after printing another intra year high during Asian session at 1.5060, first static resistance to consider from current level. Hourly indicators are slightly bearish at this point, suggesting some downside movements ahead, thus seem quite limited at this point. Bigger time frames remain clearly bullish with 20 SMA guiding the pair. Clear confirmations under 1.4960 must be seen to call for a st...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3582 The Greece issue is not dead and buried as it would have seemed on Tuesday. Angela Merkel said yesterday that ‘not a single euro’ should go to Greece. We also have the issue that the US may start to move closer to pulling economic stimulus. We have moved down impulsively which can be looked as a wave three. If that is the case then the next pause should be at 13500 (big figure and trend line at 13483) before the next move down to 13340. Any move higher should be ...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3639 Good morning. Stocks have rallied overnight in Asia. On the weekly chart we have a huge doji for last week (that follows a doji from the previous week). Is this suggesting a change of trend? 1 hr chart and we can see that the pair refused to clear the base of the channel on Friday. We are now at a key level, the 200 SMA and near 61.8% (1.3659). Oscillators are starting to turn over so we may turn lower from this level. However, a push through 13659 opens the door f...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3706 Daily chart and we have an inverted hammer for yesterday which is a possible reversal pattern. The fact that Trichet will be leaving Australia a day early has given the Euro a boost overnight. On the hourly chart we are making an ascending triangle which favours a break to the upside through 13715. A break and the first target we should look for would be 13850. This would ‘line up’ with the 200 SMA. A break below 13643 would invalidate this view. Indicators are b...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3759 You can never say it is going to be a quite day on the currency markets, especially with all the uncertainty in Europe. We had a spokes person from Germany saying they are looking at a package to bail out Greece, only to deny it later. This sent the markets flying higher. EURUSD daily chart we can see a large green with a spike at the rejection area. We have since drifted lower overnight. In the last hour we have shown some support at 13742 which was the break out li...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3645{image "euroooo_20100208001043.gif"}Pair remains generally bearish, moving between 1.3630 and 1.3670. Bigger time frames are oversold suggesting some possible upside for the rest of the day, but need support from a recovery in stocks and commodities. 20 SMA currently at 1.3670 working as a resistance, a break above should trigger more upside with a possible target at 1.3740. The upside should be limited to the 1.3800 zone. To the downside a consolidation below 1.3600 ...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3762{image "eur_20100216234417.gif"}Pair is approaching to Japan opening very close to the daily high, suggesting more upside momentum to come during current session. Strong recovery in Wall Street suggests current local share markets will follow the risk appetite sentiment, supporting further rises in the pair. Despite overbought in the hourly, momentum corrective movement seem complete, while 20 SMA under current price regained a strong bullish slope; 4 hours charts al...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3712 {image "EUR_USD+Daily+Spot_20100205071534.png"}{image "EUR_USD+Spot_20100205071552.png"}The Daily chart shows the move down and the very powerful down days yesterday. WE have now just clipped the target at 13660-65 area. This happens to be both an ABC sequence (which is corrective) and 161.*% of wave 1. How we correct from here (if we correct from here) will be essential. A slow drawn out correction to the between 13882 and 14016 (23.6% + 38.2%) and this may just ...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3759 Better than expected employment figures out of Australia gave the AUDUSD a boost, and with it, the USD devalued across the board. The market will be hoping for something positive from the EU meeting today, so all eyes will be on the EURO. On the chart we can see a pull lower yesterday from the resistance area (13800). We have pulled up to meet that level again overnight and the last hour spiked through. This has formed a treble top at the moment. We also have the 20...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3966 {image "EUR_USD+Spot_20100203065201.png"}Asian stocks are up overnight offering a bit of weakness to the US dollar. EURUSD had made an ABC sequence, pausing at 1.3977. We have the PMI and Retail Sales out today (http://www.fxstreet.com/fundamental/economic-calendar/) which should show us some direction. At the moment, this whole move higher looks corrective. Indicators are starting to turn bearish. We have the bottom of the trend line at 1.3921. A break here and we w...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3601{image "eur_20100215235159.gif"}Unchanged since past Asian session update, the pair remained trapped between 1.3580/1.3640, in a very tiny this past Monday, due to China and US holidays. Hourly charts show flat indicators, giving no clear bias for next hours;  regional stock markets had a slightly bullish perspective for next hours, after some gains in European markets, thus with Wall Street closed, rises should remain limited. 4 hours charts remain bearish in t...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3669 Good morning. Asian stocks fell overnight on concerns about Greece and Dubai World. All eyes and ears will be on the European meeting in Brussels today. We also have a US holiday today so any move s may be exaggerated. EURUSD had drifted lower. At the moment we are in a downward channel with all indicators negative. The channel resistance is at 13615 followed by 13645. If we managed to break to the upside then 13745 (200 SMA) and the trend line at 13761 should hold t...

  • Currency Majors Technical Perspective
    EUR/USD Current price: 1.3610{image "eur_20100214233525.gif"}EUR/USD sentiment remains strongly bearish as ECB’s Trichet reassure this Sunday afternoon, that euro zone commitment over Greece “is enough to me”, while all EU countries must respect stability pact. Greece economic instability has been weighting on the hegemonic currency since early January, sending the cross to current 1.36 area.  Despite testing oversold levels in the daily, 1 hour charts show pair remains bearish, cappe...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3669 Good morning. EURUSD pushed lower off the treble top and the resistance area at 1.3800 yesterday. We nearly made the lows before heading back up. O the daily chart, this move from the 5th of February could be seen as fourth wave in a ‘big picture’. It has met the criteria by reaching a 23.6% retracement at 1.3817. If this is the case then the pair could aim for 1.2706. We are going back some time now but on the wedge breakout, on the 8th of December, we did note...

  • Currency Majors Technical Perspective
    EURUSD Current price: 1.3895{image "eruoooo_20100204003330.gif"}Pair fell constantly during the last hours and hourly charts turned bearish; close to oversold. Recent fall has been cupped by support at 1.3880; a break could send the pair to test weekly lows at 1.3850. Bigger time frames continue to support a bearish perspective and a break below previous lows could trigger more downside. Pair weakened in the last hours and the upside should be limited to 1.3930 for the next few hours. Support le...

  • Currency Pairs
    Learn about currency pairs, cross currencies, base and quote currency and many more consepts vital for any online forex trading user.

  • Currency Technical Report
    EUR/USD Resistance : 14780-00/ 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support :1,4730/ 1,4710-20/ 1,4680/ 1,4640/ 1,4610/ 1,4580/ 1,4540/ 1,4500 {image "fxgreece_analysis_en_20091102_chart1_20091102123823.jpg"}

  • Currency Technical Report
    EUR/USD Resistance: 1,4980-85/ 1,5000/ 1,5050-60/ 1,5080/ 1,5110 Support: 1,4920-30/ 1,4880 1,4840-50/ 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091030_chart1_20091109113840.jpg"}

  • Currency Technical Report
    EUR/USD Resistance: 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support : 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091105_chart1_20091105125437.jpg"}Comment: The false break of the base of 1,4680-00 led to an upward reaction, as we had described in our analysis yesterday, towards 1,4900 after FED’s announcement. The downward move from these levels seems corrective and the price is likely to return to 1,4900-30 area. Above 1,4930, next targets are set at 1,4980-00 ...

  • Currency Technical Report
    EUR/USD Resistance: 1,4900/ 1,4930/ 1,4960/ 1,4990-5000/ 1,5025-30/ 1,5050-60 Support : 1,4840-50/ 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091119_chart1_20091119122723.jpg"}Comment : The area of 1,5000 could not be breached again, and the sideways formation continues. Today starts negative for euro and1,4820-40 area is likely to be tested again as support..These levels have been already tested four times and couldn’t be breached and this means that this time a bre...

  • Currency Technical Report
    EUR/USD Resistance: 1,4960-65/ 1,5000 / 1,5020/ 1,5050/ 1,5070/ 1,5100/ 1,5140-50 Support : 1,4910-20/ 1,4870-80/ 1,4850/ 1,4815-20/ 1,4790 {image "fxgreece_analysis_en_20091124_chart1_20091124112346.jpg"}

  • Currency Technical Report
    EUR/USD Resistance: 1,5050-60/ 1,5100/ 1,5140-50/ 1,5200 Support: 1,5015-20/ 1,4980-85/ 1,4945-50/ 1,4900/ 1,4870/ 1,4930-40 {image "fxgreece_analysis_en_20091130_chart1_20091130124647.jpg"}Comment : Low liquidity causes extreme reactions to the market, as we witnessed in the end of last week. Reversal signs from the false break of 1,5000 and the reversal candle formation in the daily chart, led quickly to our first targets at the base of 1,4820-40, where a new upward reaction was formed above...

  • Currency Technical Report
    EUR/USD Resistance: 1,4930-50/ 1,4980-00/ 1,5030/ 1,5080/ 1,5140 Support: 1,4840/ 1,4800-10/ 1,4750/ 1,4700/ 1,4660/ 1,4600-10 {image "fxgreece_analysis_en_20091127_chart1_20091127112938.jpg"}Comment : The false break of the sideways formation in a period of low liquidity, combined with a reversal candle in the daily chart above the Bollinger Bands, indicate that the downward move is likely to continue. As we mentioned in our analysis, yesterday, higher target would only be valid if retracemen...

  • Currency Technical Report
    EUR/USD Resistance: 1,4890-00/ 1,4950/ 1,4975-80/ 1,5020/1,5075/ 1,5100 Support : 1,4800-10/1,4780/ 1,4750-60/ 1,4700-05/ 1,4675-80/ 1,4630 {image "fxgreece_analysis_en_20091208_chart1_20091208120336.jpg"}Comment : Bernanke’s speech yesterday disappointed dollar bulls, indicating that interest rates will remain at current levels at least until the middle of 2010 and high unemployment will continue weighting on the economy. Euro rose during his speech, towards 1.4900, but the gains were quickl...

  • Currency Technical Report
    EUR/USD Resistance : 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130/ 1,5160-70 Support: 1,5000/ 1,4960-70/ 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 {image "fxgreece_analysis_en_20091023_chart1_20091023113743.jpg"}Comment : Our lower targets were achieved during yesterday’s highs, but retracements remained weak, indicating that buyers still dominate. Important resistance emerges at 1,5100 area, which is the most possible target. As you can see in the daily chart two different channels are met at th...

  • Currency Technical Report
    EUR/USD Resistance : 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support : 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 {image "fxgreece_analysis_en_20091030_chart1_20091030112255.jpg"} Comment : Support at 1,4680 area managed to limit euro’s decline and the reach of the lower Bollinger in the daily chart, combined with the strong positive candle, indicate that a reversal is possible… Yesterday’s reaction led to 1,4840-60 resistance, but retracements remained weak. A rise resumption is possible ...

  • Currency Technical Report
    EUR/USD Resistance :1,4770-80/ 1,4800/ 1,4820/ 1,4840-50/ 1,4900 Support : 1,4700-10/ 1,4675-80/ 1,4650-601,4625-30/ 1,4590-00/ 1,4550 {image "fxgreece_analysis_en_20091009_chart1_20091009091927.jpg"}Comment: Euro moved towards our first targets at 1,4800-20, confirming our basic scenario, and then formed a correction, testing 1.4700 area as support. A sideways formation between 1,4600-50 and 1,4800-50 area, would be a possible scenario. We should also mention that gold, crude oil and stock in...

  • Currency Technical Report
    EUR/USD Resistance: 1,4480/ 1,4505/ 1.4550/ 1.4580-90/ 1.4630/ 1.4680 Support : 1,4430/ 1.4400/ 1.4350/ 1.4300 {image "fxgreece_analysis_en_20100105_chart1_20100105113317.jpg"}Comment : Euro seems to have formed a base, after 1.4200 lows, after the sharp moves in the end of 2009. The market’s sentiment is not clear, even if there is some risk appetite, as we can see from the rise in commodities and stock markets. Technically, the upward reaction is considered corrective and is should be comp...

  • Currency Technical Report
    EUR/USD Resistance: 1,3730/ 1,3750/ 1,3800/ 1,3850/ 1,3910/ 1,3940/ 1,3980/ 1,4020-30 Support : 1,3700/ 1,3665-70/ 1,3640/ 1,3610/ 1,3570/ 1,3520 {image "fxgreece_analysis_en_20100205_chart1_20100205123420.jpg"}Comment : Dollar rose against all major currencies except the Japanese yen, as risk aversion dominates in the market, and important technical support levels have been breached. Technically, euro is oversold in the daily and short term chart, while important support and targets have been r...

  • Currency Technical Report
    EUR/USD Resistance:1,4890-00/ 1,4920-30/ 1,4950-60/ 1,4970-80/ 1,5000-10/ 1,5050/ 1,5080/ 1,5110 Support :1,4850-60/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 {image "fxgreece_analysis_en_20091012_chart1_20091014092412.jpg"}Comment : Dollar is still under pressure, and as a result euro is moving to new tops, close to 1,4900 area, confirming our basic scenario. Next target should be at 1,5100 area or higher. After yesterday’s tops, important resistance levels have been reached for the short...

  • Currency Technical Report
    EUR/USD Resistance :1,4960-70 / 1,5000-10/ 1,5040-45/ 1,5080/ 1,5110 Support :1,4900/ 1,4870/ 1,4840/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 {image "fxgreece_analysis_en_20091016_chart1_20091016110510.jpg"}Comment: Euro’s rise was limited below 1,5000 area, confirming our scenario regarding the strong resistance levels of 1,4950-70. Even though the upward move was not strong enough to confirm the resumption of the move to higher levels, retracements remain weak and buyers still dominat...

  • Currency Technical Report
    EUR/USD Resistance: 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130/ 1,5160-70 Support : 1,5000/ 1,4960-70/ 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 {image "fxgreece_analysis_en_20091026_chart1_20091026113340.jpg"}Comment : Euro is still in an uptrend and our first targets have been reached. The wider area of 1,5100 should be confirmed as an important technical resistance. However, retracements remain weak and the short term channel in the 4 hour chart is still valid, after the last base of 1,4480-45...

  • Currency Technical Report
    EUR/USD Resistance:1,5000-10/ 1,5040-45/ 1,5080/ 1,5110/ 5135-45 Support:1,4690-70/ 1,4930/ 1,4900/ 1,4870/ 1,4840/ 1,4810-15/ {image "fxgreece_analysis_en_20091022_chart1_20091022104208.jpg"} Comment: Yesterday’s rise above 1.5000 was expected and our basic targets are being reached... The basic target from the break of the June-August sideways formation is 1.5100 area ( clear in the daily chart). We are cautious regarding the break of 1,5100, as a sideways formation which could be used as a...

  • Currency Technical Report
    EUR/USD Resistance :1,4980-00/ 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130 Support : 1,4900-20/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 {image "fxgreece_analysis_en_20091020_chart1_20091020102214.jpg"} Comment: Euro moved to new tops yesterday after the break of previous tops at 1,4950-70. The pair reached 1.5000 area but sellers made their appearance, leading to a small retracement. The area of 1,5000 is an important resistance and psychological level and is should not be breached easily… First importan...

  • Currency Technical Report
    EUR/USD {image "fxgreece_analysis_en_20091019_chart1_20091019105836.jpg"} Resistance:1,4960-70/ 1,5000/ 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130 Support : 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 Comment: The area of 1,4950-00 could not be breached easily, as expected, but retracements remained weak in terms of the uptrend. Buy opportunities emerged during retracements and today euro is testing again 1,4950-70 area as resistance. First targets are set at 1,5100, followed by 1,5250-00 area. A mo...

  • Currency Technical Report
    EUR/USD Resistance: 1,3730/ 1,3755/ 1,3800/ 1,3840-50/ 1,3885/ 1,3930/ Support: 1,3680/ 1,3650/ 1,3620/ 1,3590/ 1,3550 {image "fxgreece_analysis_en_20100208_chart1_20100208113123.jpg"} Comment : Euro has moved to new lows again, reaching slightly below 1.3600 area on Friday, but the week closed much higher. As we had mentioned in our previous analysis, an upward reaction is expected this week, in terms of a correction, but it could lead euro towards the first important resistance levels at 1,38...

  • Daily Crude Oil Falls
    Daily Review 22/12/2009USD Dollar (USD) – The Dollar gained across the board continuing to rally as speculations rise that the Federal Reserve will withdraw the stimulus it offered to slow the recession. The Dollar rose despite an increase in stocks in Europe and Wall Street showing that the inverse correlation with equities continues to break down. Stocks rose sharply in the U.S. NASDAQ rose to fresh year highs and finished with a gain of 1.17% and Dow Jones added 0.83%. The Gold (XAU) fell t...

  • Daily Currencies Report
    Daily Review 10/2/2010USD Dollar (USD) – The Dollar has weakened versus most majors after European Union officials signaled they will aid Greece in reducing its budget deficit. As the Euro's uncertainty lowered the demand for the Dollar as a safe haven waned. Dollar Index dropped by 0.7% as a result. NASDAQ and Dow Jones gained by 1.17% and 1.52% respectively as the Dollar weakened and uncertainty lowered. Crude Oil gained by 2.59% closing at 73.75$ a barrel. Gold (XAU) gained by 1.03% closing...

  • Daily FX Trade Analysis
      Today’s trend: Upwards   Buy/Sell: Sell   Entry 1: 91.75   Entry 2: 92.30   Stop: 92.85   Profit 1: 90.75   Profit 2: 90.35

  • Daily FX Trade Analysis
    EURUSD   Today’s trend: Upwards   Buy/Sell: Sell   Entry 1: 1.6275   Entry 2: N/A   Stop: 1.6325   Profit 1: 1.6160   Profit 2: 1.6090

  • Daily FX Trade Analysis
    Today’s trend: Downwards   Buy/Sell: Sell   Entry 1: 1.5975   Entry 2: 1.6035   Stop: 1.6065   Profit 1: 1.5885   Profit 2: 1.5835

  • Daily FX Trade Analysis
            EURUSD      Today’s trend : Downwards   Buy / Sell : Sell     Entry 1:1.4125   Entry 2:N/A  

  • Daily FX Trade Analysis
    USDJPY Today’s trend : Upwards Buy / Sell : Sell Entry 1: 90.70 Entry 2: N/A Stop: 91.30 Profit 1: 89.30 Profit 2: 88.90

  • Daily FX Trade Analysis
    Daily FX Trade Analysis

  • Daily FX Trade Analysis
    USDJPY Today’s trend : Downwards Buy / Sell : Sell Entry 1: 89.80 Entry 2: N/A Stop: 90.25 Profit 1: 88.6 Profit 2: 87.9

  • Daily FX Trade Analysis
            USDJPY      Today’s trend : Downwards   Buy / Sell : Sell     Entry 1:90.2   Entry 2:N/A  

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future.Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.10...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Forex and Dow Jones Recommended Levels
    Several words about the EUR/USD future. Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.1...

  • Daily Video Technical Update 2.9.2010
    Get the Flash Player and/or activate Javascript to see this player var fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e = new SWFObject('/common/flash/flv/mediaplayer-licensed.swf','fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e','640','360','8'); fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e.addParam('allowfullscreen','true'); fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e.addVariable('width','640'); fxst_player_d8b9b6b4cb3c4f10a438073b3cc59e9e.addVariable('height','360'); fxst_player_d8b9b6b4...

  • Daily volatility is increasing in all markets including Forex
    The markets are definitely moving towards a break-out or reversal as daily volatility has returned. As the long-term trend has been quite one-sided it stands to reason that this could signal a larger reverse.

  • December E−mini S&P Trading Lower but Remains Range Bound
     

  • December Gold Posts New All−Time High
    December Gold posted a new all-time high overnight when the U.S. Dollar weakened.  Continue to expect this market to push higher unless the Dollar mounts a dramatic turnaround.    Equity markets are trading slightly better in the premarket.  Traders are anticipating volatility today as earnings season begins to heat up.  Key reports from Johnson and Johnson before the market and Intel after the close should have strong effects on the markets.  Traders are going to...

  • Demand for Commodities Falls as Dollar Strengthens
    The U.S. Dollar erased early overnight losses and is now trading higher after China shocked the Forex markets with a surprise hike in interest rates. China’s move to curb excessive lending and curtail price increases drove traders into lower yielding, safe haven currencies.  China’s central bank sold 3-month bills at a higher interest rate for the first time in 19 weeks.  This news is expected to put pressure on commodity and stock prices today.

  • Demand for Higher Return Boosts Equities
    Global stock prices continued to rise overnight following a sell-off in the Dollar, signaling greater demand for higher yielding assets. The thought of a recovery in the U.S. economy is also contributing to the strength. Money is shifting out of U.S. Treasuries and into equities as end-of-the-year asset allocation continues.

  • Demand for Higher Risk Assets Drives S&P through Recent High
    Renewed demand for higher risk assets helped to drive the March E-mini S&P 500 through the December high at 1126.50. A better than expected U.S. Manufacturing report helped to underpin the U.S. markets and create upside momentum.A surge in demand for higher yielding assets is also helping to drive crude oil and gold prices higher. A firm undertone has been present throughout the day at the expense of the Dollar.The strong rally in February Gold turned the main trend to up on the daily chart ...

  • Demand for Higher Risk Commodities Drives Gold Higher
    April Gold surged for the third consecutive day fueled by a combination of oversold conditions and a weaker Dollar. After failing to attract fresh selling pressure following the break under the December bottom at $1076.50, this market has formed a support base. Tuesday’s rally helped form a new main bottom at $1073.20. Based on the short-term range of $1166.70 to $1074.40, traders should look for a retracement to $1120.50 to $1131.40. Watch for a technical bounce following a test of this zone...

  • Demand for Higher Risk Helping Equity Prices
    U.S. equity markets are trading better at the mid-session, buoyed by demand for higher risk, oversold conditions, a fresh influx of cash and news that Obama may propose tax breaks for businesses.Investors dumped stocks late last week as sentiment shifted toward less risky assets. The combination of a stronger Dollar, monetary tightening in China and a proposal by Obama to end financial institution prop trading weighed heavily on traders last week. While these conditions are expected to continue ...

  • What Is A Tick or A Pip and How to Calculate It?
    Learn about the use of forex ticks, also known as pips, in determining Forex trading currency pairs

  • The Central Banks' Influence On Forex Trading?
    Discover the influence of the central bank - a financial body that controls the country’s monetary policy, on the foreign exchange market

  • What Is a Product Price Index (PPI) and How to Read It?
    Learn about the effects of Product Price Index on Forex trading. The influences of commodity pricing on online currency trading trends also known as PIP

  • The Basics of Forex Technical Analysis
    Learn about the many uses of Forex technical analysis, how to read it and analyze factors affecting the currency trading market.

  • The Use of Requote in the Forex Market
    Learn The Role of requote in currency trading and how brokers use requote to mediate information in the world of Forex trading.

  • What is Quote Currency and Why You Need To Know?
    Learn how to read quote currency and its many functions in determining changes in the forex trading market.

  • What are Transaction Costs and How to Calculate Them?
    Learn about the price of forex transaction costs, selling or purchasing in Forex trading market. Learn to calculate rates and transaction costs of currency trading

  • Is There Such A Thing As Forex Psychology?
    Learn about the inner workings of a trader's minds with our essential guide to Forex psychology. Enter the head of pro brokers and their way to success

  • Dollar Bulls Pinning Hopes on U.S. Economic Recovery
    Today’s rally in the U.S. Dollar appears to be a sign that risk sentiment may not be the driving force behind price action much longer.  The action today suggests that funds are being reallocated into the Dollar and stocks in an effort to capture a rise from the continuing improvement in the U.S. economy. The positive trade in both the stock and Dollar markets is a sign that investors are shifting back to watching traditional fundamentals for direction.

  • Dollar Called Mixed, Appetite for Risk Continues to Grow
    The U.S. Dollar is expected to open lower against most majors.    The EUR USD is trading higher despite weaker German wholesale prices.  This shows that traders are more interested in owning higher risk assets and are paying less attention to economic news. 

  • Dollar Closes Sharply Higher for Week
    The U.S. Dollar closed sharply higher for the week, boosted by a weaker Euro, news that China was tightening its monetary policy and an increase in demand for lower yielding assets. Late in the week, the Dollar flattened out after President Obama proposed restrictions on financial institution trading. The early read is that investors feel the proposal is Dollar negative and in the long-run may discourage investors from buying U.S. assets.

  • Dollar Continues to Get Pounded at the Mid−Session
     

  • Dollar Continues to Weaken Against Most Majors
    The U.S. Dollar continued to weaken overnight against most major currencies after China announced that its manufacturing sector rose to a seasonally adjusted 55.7 last month.  This growth rate was the fastest pace in five years or since the index began being tracked.

  • Dollar Falls as Euro Rises
    Daily Review 10/11/2009USD Dollar (USD) – The Dollar fell to a 15 month low against the currencies of major U.S. trading partners after G20 finance officials pledged to maintain stimulus measures, encouraging investors to buy higher-yielding assets. NASDAQ and Dow Jones jumped by 1.97% and 2.03% respectively, Crude oil rose by 2.6% closing at 79.43$ a barrel , GOLD (XAU) advanced to a new record, rising by 0.5% to 1100.8$ an ounce. Today, FOMC Members Lockhart and Yellen will speak. Investors ...

  • Dollar Faltering at the Mid−Session
    The U.S. Dollar is trading lower at the mid-session. This market took out Friday’s high but failed to attract the buying strength it needed to drive it higher. The chart pattern suggests a break to 75.26 to 75.03 may be needed to relieve the overbought condition.The USD JPY is trading inside of a 92.32 to 84.83 range. Last Friday’s rally exceeded the retracement zone of this range at 88.57 to 89.46 before finding resistance at a downtrending Gann angle at 90.51. The morning action sugges...

  • Dollar Feeling Pressure at the Mid−Session
    The Dollar Index is unchanged at the mid-session, but in a position to weaken in sluggish trading. Adding to the weakness were reports that U.S. Jobless Claims rose last week by the largest amount in five weeks and U.S. Retail Sales were down. Both reports show that employment is still a major issue affecting the economy as well as consumer spending. Both reports also showed unexpected results. Traders seem to be pressing the Dollar because the economic data suggests the Fed will keep interest r...

  • Dollar Finishes Lower in Lackluster Trade
    The U.S. Dollar finished the day session lower in lackluster trading with very few highlights.  Profit-taking overnight led to a lower opening, but news that S&P lowered the credit rating of Spain helped the Dollar limit losses. Later in the trading session, the Dollar reversed course and began to lose ground once again as traders reassessed the fundamentals and decided that the recent rally may have been overdone.

  • Dollar Finishes Mixed Against Most Major
    The U.S. Dollar finished mixed after a choppy trade on Tuesday.  The Dollar began the day weak, but turned around following the release of mixed economic data.  A sell-off in the stock market prompted traders to sell higher risk assets. 

  • Dollar Finishes Mixed in Sluggish Trading
    The U.S. Dollar closed trading mixed after trading in a range most of the day following the release of a poor October jobs data report.  The loss of 190,000 jobs was somewhat of a surprise. Traders were positioned for a loss of 175,000 jobs. The unemployment rate climbed to a 26-year high to 10.2% and the world didn’t fall apart.  Traders either believe this is the bottom in unemployment or they have become complacent which could mean huge volatility is looming.

  • Dollar Finishes Week in Strong Position; Focus Remains on EU/Greek Pact
    The U.S. Dollar soared early Friday following a surprise 50 basis point hike in China’s bank reserve rate. Additional strength was provided by a better than expected U.S. Retail Report.  The Dollar pared some of its gains after the University of Michigan Survey fell unexpectedly.  Forex market trading has been erratic ahead of the week long Chinese holiday and the extended U.S. weekend.

  • Dollar Gains Against All But Yen
    Daily Review 23/11/2009USD Dollar (USD) – The Dollar finished the day and the week with gains across the board except against the Yen. The fall in stocks with an increase in risk aversion helped Greenback recover. Wall Street ended Friday in negative. The Dow Jones ended with a loss of 0.14%, The NASDAQ fell by -0.5% and the S&P 500 decreased by -0.32%. The Gold (XAU) rose and closed above the 1050$ an ounce. The Crude Oil closed almost unchanged near the 77.5$ a barrel. Today, The Existin...

  • Dollar Gains Against the Euro and the Pound
    Daily Review 12/10/2009USD Dollar (USD) – The Dollar gained versus the Euro and the Pound after positive outlook for the economy from Fed's Chairman Bernanke and better Trade Balance than forecast. Trade Balance came out better than expected with -30.7B versus -32.8B forecast, showing an unexpected narrowing in the US trade deficit. NASDAQ rose by 0.72% and Dow Jones gained by 0.8%, Crude rose by 1.09% closing at 72.55$ a barrel, Gold (XAU) weakened by 0.55% closing at 1049.6$ an ounce. Today ...

  • Dollar Gains as Investors Become More Risk Averse
    The U.S. Dollar is trading firm at the mid-session. Trading has been thin and rangebound ahead of tomorrow’s Fed meeting and Thursday’s Bank of England and European Central Bank meetings. The Dollar opened up higher this morning based on a strong overnight trade. The Dollar gained strength after the Reserve Bank of Australia hiked its benchmark interest rate by 25 basis points. This was expected by traders, but the guidance offered by the RBA suggested that additional rate hikes were not ...

  • Dollar Gains as Investors Shy Away from Risky Assets
    The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback.  Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.

  • Dollar Giving Back Gains Ahead of U.S. GDP Report
    Traders are selling the U.S. Dollar overnight ahead of today’s U.S. Third Quarter GDP Report.  Pre-report estimates are for the report to show that the U.S. economy grew at a pace of 3.2%.  This would mark the first increase in over a year.

  • Dollar Holds Gain after Friendly Consumer Confidence Report
    The U.S. Dollar managed to hold on to its gains after erasing earlier losses following the release of a friendly Consumer Confidence report. Although the reported figure of 52.9 was slightly less than estimates, it still reflected continuing strength in the economy.  This morning the S&P/Case Shiller report on home prices was flat. There was almost no reaction to this report by Forex traders. Expect more of the same trading tomorrow as major players remain absent during the holiday wee...

  • Dollar Holds on to Gains during Lackluster Session
    The U.S. Dollar managed to hold on to its overnight gains despite a lackluster trading session. Following a couple of overnight events and intra-day economic reports, the Dollar remained range-bound as many large traders stood aside ahead of tomorrow’s Fed FOMC announcement.  Traders are looking for the Fed to leave interest rates alone and to continue to leave them low for “a prolonged period of time”.

  • Dollar Index Reaches 15 Month Low on Massive Selling Pressure
    The U.S. Dollar Index reached a 15 month low on Monday following a massive sell-off against most major currencies.  The Dollar has gone down since November 3 when it topped at a 50% price at 77.50.  The 2008 bottoms at 73.79 and 73.67 are the next downside targets.

  • Dollar Losing Ground against Most Majors
    The U.S. Dollar is losing ground against most major currencies this morning as traders adjust positions following last week’s shift in sentiment out of higher yielding assets and this week’s slew of key economic reports and central bank meetings.

  • Dollar May Not Keep Pace with Global Recovery
    The U.S. Dollar fell sharply on Monday as bullish traders pared positions on the thought that the U.S. economy will not be able to keep pace with the global recovery.  Before the Forex markets opened, China solidified itself as the driving force behind the global economic recovery when it reported more upbeat export news.

  • Dollar Move Indicates Break from Risk Sentiment
    This morning’s recovery in the U.S. Dollar could be a sign that risk sentiment may not be the driving force behind price action much longer. Investors may begin to use positive economic reports as a reason to buy the Dollar rather than higher yielding assets.The EUR USD is trading weaker at the mid-session. The improving U.S. economy and lingering debt issues in Greece, Portugal and Spain are likely to continue to pressure the Euro. Longer-term charts indicate a move to 1.3800 is likely.The Br...

  • Dollar Rallies as Traders Turn Risk Averse Overnight
    The Dollar is showing signs of strength this morning.  This could be an indication that traders have out yesterday’s friendly GDP Report behind them and are looking at the future of the economy.  The Dollar traded weaker yesterday after the U.S. Third Quarter GDP came out better than expected.  Looking at the chart formations, however, it doesn’t look like any markets made any significant changes in trend.  It looks as if traders were adjusting positions after the Dollar...

  • Dollar Rallies to New High Following Upbeat Fed Announcement
    The U.S. Dollar rallied to a new high for the year after the FOMC announcement offered an upbeat assessment of the economy.   While just about everyone knew the Fed would keep interest rates unchanged at near 0% for a prolonged period of time, traders did take note of the change in its language when it said “the pace of economic activity is likely to be moderate for a time”. This was better news than the statement in December which read “economic activity is likely to remain weak for...

  • Dollar Rally Pressuring Equities
    An intraday rally in the Dollar is helping to pressure U.S. stock index futures. Traders are jumping in the Dollar for safety and out of higher risk assets. Fears that a global debt crisis is building is causing traders to seek shelter in the Dollar. End of the year selling is also pressuring stocks as traders are taking money off the table rather than risk a substantial correction in their portfolios. Despite the firming Dollar, March Treasury Bonds and Notes are trading lower. This could be...

  • Dollar Remains Lower as Fed Time Nears
    The U.S. Dollar is still trading on the weak side at the mid-session as traders await the Fed’s monetary policy decision. The Fed is expected to leave its benchmark interest rate at 0.25%; the argument is whether it will alter the language its policy statement to represent positive changes in the U.S. economy. Bullish Dollar traders are looking for the Fed to lean more toward the hawkish side. These traders have increased bets the last few days that the Fed would soften the language of its l...

  • Dollar Rises as Investors Cut Exposure to Higher Yielding Assets
    The U.S. Dollar is up sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets. Some traders are calling this the start of a major bottom. Others feel that this is end-of-the-year liquidation and profit-taking after a prolonged move down.It is also possible that this is the start of a short-squeeze which could lead to a massive short-covering rally. Over the past few months traders have jumped onboard the “short Dollar” train because...

  • Dollar Rises, But Not Against JPY
    Daily Review 27/01/2010 USD Dollar (USD) – The Dollar rose across the board with the exception of the Yen. Worries about the economic recovery pushed the demand for safe assets, despite an increase in consumer confidence that came out 55.9 better than expected 53.5. Wall Street finished almost unchanged. Dow Jones lost -0.03% and the NASDAQ fell -0.32% as better-than-expected data on consumer confidence was not enough for investors. Crude oil is back below $75 a barrel. Gold (XAU) trades near...

  • Dollar Soars as China Surprises Markets with Reserve Requirement Hike
    The U.S. Dollar is soaring as China surprised the Forex markets with a 50 basis point hike in its bank reserve requirements. This move by China is an attempt to cool credit without tightening interest rates. The intention of China’s central bank is not to derail the economy but to preserve its expansion. The easy flow of stimulus money has created a potentially overvalued real estate and housing bubble in China. This morning’s move by China to raise bank reserves by 50 basis points on Febru...

  • Dollar Soars as Euro Plunges on Greece Downgrade
    The U.S. Dollar is surging against a basket of trade weighted currencies overnight following the news that the S&P Corp. downgraded Greece’s credit rating for the second time this year.  This news has been particularly bearish for the Euro as it raises the possibility that more downgrades of Euro Zone sovereign debt are to follow. Investors now fear that the spread of bad debt throughout the region could trigger serious problems banking issues, curtailing the current economic recover...

  • Dollar Softens Overnight as Traders Reduce Bets
    The U.S. Dollar is trading softer overnight as traders reduced long positions ahead of today’s Federal Open Market Committee meeting.    The Fed is expected to leave its benchmark interest rate at 0.25%; the argument is whether it will alter the language its policy statement to represent positive changes in the U.S. economy. 

  • Dollar Strength Weighing on Stocks
    The threat of higher interest rates because of the better than expected U.S. Retail Sales Report, helped knock the stock index futures off their highs. Traders, however, did not give up on the long side and bought a late morning dip. The reversal of the carry trade, where investors sell stocks to pay back borrowed Dollars, could trigger a sharp sell-off late in the session. Holding above 1106.00 will be a sign of strength.March Treasury Bonds and Treasury Notes are feeling downside pressure f...

  • Dollar Strengthening as Equity and Commodity Markets Weaken
    The stronger Dollar is putting pressure this morning on both equity and commodity markets as traders dump risky assets for the safe-haven Dollar.  Equity markets were down in Asia and Europe.  This weaker trend is expected to spillover to the U.S. stock markets.  The December E-mini S&P 500 is in a position to post a weekly closing price reversal which could be a strong sign that sentiment will be shifting to the downside for the next 2 to 3 weeks.

  • Dollar Strengthens as Sentiment Shifts Toward Safety
    After trading relatively flat in the hours before the New York opening, the U.S. Dollar strengthened as sentiment shifted back toward safety. Late yesterday and overnight, the Dollar appeared to be ready to weaken as demand for higher risk assets began to pick up.

  • Dollar Trades Flat Ahead of U.S. Non−Farm Payrolls
    The U.S. Dollar and equity markets traded in a relatively tight range overnight ahead of this morning’s U.S. employment report.  Traders are looking for an improvement today from the November report.  Guesses are for a job loss of “only” 125,000 and for the unemployment rate to hold steady at 10.2 percent.  There is some debate as to whether this is the low for the unemployment rate.  At this time the consensus agrees the rate will stay the same this month, but is like...

  • Dollar Trading Lower Ahead of U.S. Jobs Data
    The U.S. Dollar is trading lower ahead of this morning’s U.S. jobs data report.  Today’s Non-Farm Payrolls Report is expected to loss in October of about 175,000 jobs.  The key will be how investors react if the unemployment rate reaches or exceeds 10%.  Some say this figure is built into the market. 

  • Dollar Trading Mixed Against Major Currencies
    The U.S. Dollar is trading mixed against most major currencies after a volatile, two-sided overnight trade. Thinning trading conditions and position squaring ahead of this Friday’s U.S. Non-Farm Payrolls Report is having an influence on this week’s trading action.

  • Dollar Trading Mixed Against Most Majors
    The U.S. Dollar is trading mixed versus a basket of major currencies at the mid-session. This morning’s better than expected initial claims report helped pressure the Dollar as it renewed interest in higher yielding assets. The rally fizzled when buying dried up. Position evening ahead of tomorrow’s U.S. Non-Farm Payrolls Report is most likely the cause of the drop in volume and interest on the short-side of the Dollar. The EUR USD is managing to hold on to gains despite a failure to tak...

  • Dollar Trading Mixed Before New York Opening
    The U.S. Dollar is trading mixed against most major currencies this morning ahead of the New York session opening.  Traders will be taking early cues from the equity markets as earnings continue to dominate the news.  Later during the trading session, the markets are likely to react to the release of the Fed’s Beige Book.

  • Dollar Trading Mixed at Mid−Session
    The U.S. Dollar is trading mixed at the mid-session with no clear theme at this time. Traders may be choosing to stand on the sidelines or lighten-up positions during the two days leading up to the Fed FOMC meeting on January 27.The EUR USD is holding on to its early morning gains at the mid-session. Gains are being limited by traders taking a precautionary view on developments regarding the Greece budget problem.The GBP USD is strengthening since the New York opening. Oversold conditions and po...

  • Dollar Tumbles on Stronger PMI Number
    The U.S. Dollar opened the overnight trade better but turned lower following a strong PMI number out of China. The New York opening was weak but the Dollar accelerated to the downside after the release of a better than expected U.S. PMI Report. This report showed that the U.S. economy was expanding.Although the Dollar weakened on the news, the selling action was not enough to change the trend to down, but merely indicates a technical retracement of last week’s sharp rally.While the Dollar is ...

  • Dollar Up after Yesterday's Reversal Bottom
    The U.S. Dollar rallied overnight following yesterday’s closing price reversal bottom.  The first objective was met at 77.77. Upside momentum took the market to the upper end of the retracement range at 77.93.  The Dollar may run into some resistance in this area, but a lot will be determined by today’s ADP jobs report and ISM Service report.

  • Dollar Weakens as Investors Seek Higher Yields
    The Dollar is trading weaker at the mid-session as investors sought higher yielding assets amid news that the U.S. economy may be improving. This morning’s reports showing that private sector job losses had slowed and that the service sector of the economy improved helped encourage investors to demand higher risk investments.Today’s weakness is taking place after the U.S. Dollar rallied overnight after yesterday’s closing price reversal bottom. The first objective was met at 77.77. Upside ...

  • Dollar Weakens on Profit−taking and High Volatility
    The U.S. Dollar is trading mixed at the mid-session as profit-taking and volatility dominate the trade. Earlier in the session, the U.S. Dollar surged as traders took protection against a shift in China’s expansionary monetary policy.The overnight announcement, that China’s economic growth and inflation figures exceeded expectations fueled speculation that it was poised to begin restricting loans and ending stimulus. Fear that the economy may overheat triggered demand for lower yielding asse...

  • Dollar Weakness Boosts Commodity and Equity Demand
    The weaker Dollar is helping to boost commodity and equity demand as investors are once again feeling comfortable with taking on more risk. U.S. equity markets opened higher as expected. The current rally in the December E-mini S&P 500 has this market in a position to test the most recent top at 1112.25. Upside momentum seems strong enough to pop through this resistance. The next target for this rally is the major 50% price level at 1122.00.The strength is in the December E-mini Dow whic...

  • Dollar could be reaching the Rubicon
    Looking at the Dollar Index, there is evidence that the long term trend is breaking down as the price action is now on the opposite side of the line. There is always a chance the price action could trail down further using the line as support, however this usually signals a limited move.

  • Dollar could gain more this week − Critical juncture on Index
    Last week the dollar gained as the week ended with a significant move back to the resisting trend-line on the USD Index. I would say that price action above 77.45 is what could signal a change in trend. So expect further dollar strength in the next day or two and longer term if the price breaks out above 77.45.

  • Dollar gained against most majors
    Daily Review 15/02/2010 USD Dollar (USD) – The Dollar posted small gains against most of the majors after Retail Sales data came out 0.5% better than expected 0.4% but eased part of the gains after The Michigan Consumer Sentiment Index came out 73.7 worse than expected 74.8. Walls Street closed mixed with NASDAQ advancing 0.28% and the Dow Jones lost -0.44%. Crude oil fell and closed at 74.2$ a barrel, Gold (XAU) almost unchanged closed at 1092.8$ an ounce. Today, US banks will be closed in o...

  • Dollar has weakened versus most majors
    Daily Review 11/02/2010 USD Dollar (USD) – The Dollar gained against most majors after Federal Reserve Chairman Ben S. Bernanke said the central bank may raise the discount rate “before long” as part of the “normalization” of Fed lending, in addition, Trade Balance came out worse than expected at -40.2B vs. -35.8B forecast. NASDAQ and Dow Jones weakened by 0.14% and 0.20% respectively, Crude oil rose by 0.9% closing at 74.5$ a barrel, Gold(XAU) decreased by 0.4% closing at 1073$ an...

  • Dollar rallies as China asks Banks to Curb Lending
    The U.S. Dollar surged against most major currencies as investors sought refuge in lower-yielding currencies following the announcement by China that it was asking banks to curb lending for the rest of the month.

  • Dollar strength still not a given... But
    I don't think there is much downside left on the USD but the price action is still not clearly Bullish USD. My view is that although more correction may take place however until we clearly change direction in a big way it is tough to call a Dollar Bottom.

  • Dollar trying to break−out. Will this be the week?
    Long term trends by their nature don't turn easily. The last two weeks we have seen counter trends and we have reversed to about half of the original gain by the USD. There are many arguments to be made for both a weak and/or a strong Dollar going forward.

  • Dollar under Little Pressure Following Uneventful Night
    The U.S. Dollar is trading under a little pressure following an uneventful night session. This could be an indication on how the market is expected to trade the rest of the week ahead of Friday’s U.S. employment report. This report which is now being treated as a leading indicator is expected to show a slight increase because of government hiring of census workers.  Early guesses are for government hiring to contribute to a slight gain in January.

  • Dollar's Rise May Be Indication of Improved U.S. Payrolls
    The U.S. Dollar is holding on to its early morning gains at the mid-session. This morning’s weekly initial claims report showed that fewer workers filed for unemployment benefits last week. The ability to hold on to its gains this late in the trading session may be an indication that investors are anticipating a friendly U.S. Non-Farm Payrolls Report on Friday. Volume has dropped off noticeably which is a strong indication that the ranges for the day have been made.The U.S. Dollar erased early...

  • Dollar/Yen moves in the second half of last year were a bit bigger than we had expected
    Comment: Dollar/Yen moves in the second half of last year were a bit bigger than we had expected as the ‘carry trade’ (in its many guises) unwound amid the biggest global financial mess. This year should prove equally tough, so at least we cannot blame the element of surprise. During Q1 2009 USD/JPY should hold above the pivotal 85.00 area, with rallies probably capped at 96.00 initially although a push towards 100.00/102.00 some time early in Q2 cannot be completely ruled out. Before the e...

  • Double-Bottom Patterns
    Learn what a double bottom trading trend pattern is and be on your way to mastering the forex trading market

  • Double-Top Patterns
    The double top Forex trading pattern is explained in this guide, so read on and see how to recognize such figures.

  • Dow Jones Closes at Highest Level in 13 Months
    Daily Review 24/11/2009USD Dollar (USD) – The rally in Europe and Wall Street put pressure on the Dollar that fell across the board and rose only against the Yen. The existing home sales data that came at 6.1M, better than the 5.7M expected and comments about interest rate staying at low levels for some time fueled stocks. Dow Jones closed at the highest level in 13 months and ended the session with a gain of 1.29%. NASDAQ rose by 1.4% and the S&P 500 increased by 1.36%. Gold (XAU) posted...

  • Downtrend Strategy
    This is an excellent guide that uses forex trading downtrend strategy to teach you how to invest in the market the best way possible.

  • During November, the GBPUSD has been moving along the Andrws' Pitchfork
    Good morning from cold Hamburg and welcome to our FX Report. Today we are going to report about the JPY and the GBP after losses in stocks in the Far East and economic data from UK. However, have a nice trading day and good luck.

  • Dynamic price increases on the gold market
    The price of gold continues to increase and now stands at 1165 USD per ounce. This is due to the weakening dollar and increased interest from investors in the gold market. In the third quarter demand for gold increased by 15% compared to the previous quarter, however, comparing to the same quarter of last year, when gold reached record highs because of the deepening global crisis, it is a decrease of 34%. Comparing the average demand for gold in the last 5 years, the demand decline is only 4%. ...

  • EUR Continues Falling
    Daily Review 14/12/2009USD Dollar (USD) – The Dollar continued rallying versus most majors on Friday after Retail Sales and Michigan's Consumer Sentiment came out stronger than expected signaling economy is recovering improving Fed Rate Outlook. NASDAQ ended almost flat with -0.03% change and Dow Jones gained by 0.63%. Crude weakened by -1.39% dropping below 70$ for the first time since October closing at 69.87$ a barrel and Gold (XAU) dropped by -0.91% closing at 1114.55$ an ounce on a strong...

  • EUR Falls to Five Month Low
    Daily Review 21/01/2010 USD Dollar (USD) – The Dollar strengthened versus most majors after the TIC Long-Term Purchases hit estimates and Building permits in the U.S. unexpectedly jumped in December, coming at 0.65M vs. 0.59M forecast and Wholesale prices in the U.S. rose at a slower pace in December, showing the economy is recovering without the immediate threat of inflation. NASDAQ and Dow Jones fell by 1.25% and 1.14% respectively. Crude oil dropped by 1.78%, closing at 77.62$ a barrel an...

  • EUR Gains Versus the USD
    Daily Review 05/01/2010USD Dollar (USD) – The Dollar weakened versus the Euro and the Yen and gained versus the Pound as more signs of recovery raise demand for higher yielding currencies. ISM Manufacturing PMI came out stronger than expected with 55.9. NASDAQ and Dow Jones jumped by 1.73% and 1.50% respectively on the first trading day of 2010. Crude gained by 2.73% closing at 81.53$ a barrel and Gold (XAU) strengthened by 2.26% closing at 1120$ an ounce on weaker Dollar and higher demand for...

  • EUR Gains Versus the USD
    Daily Review 16/09/2009 US Dollar (USD) – The Dollar weakened versus the Euro and gained versus the Pound and Yen after Retail Sales jumped the most in three and a half years encouraging risk appetite. Retail Sales rose by 2.7% exceeding the 1.9% expected and -0.1% prior and the PPI gained by 1.7% beating 0.9% forecast and -0.9% prior. Fed's Chairman Bernanke said recession is probably over but unemployment is still at high levels. NASDAQ and Dow Jones gained by 0.52% and 0.59% accordingly a...

  • EUR Tumbled Versus the USD
    Daily Review 8/2/2010USD Dollar (USD) – The Dollar gained versus all majors except the Yen after investors continued to flee stock, commodities and other higher risk assets and turned to the safety of the Dollar. Non Farm Employment Change came out worse showing 20K more workers lost their job, but Unemployment Rate came out 9.7% better than 10% expected. NASDAQ and Dow Jones gained by 0.74% and 0.1% respectively after a volatile trading session mostly on the negative end. Crude Oil dropped by...

  • EUR USD Plunges on Concerns Greece Fiscal Problems Could Escalate
    The EUR USD closed sharply lower, pressured by concerns that despite the proposal of a new budget plan, Greece lacks the means to deal with its deficit issues on its own. Fears were also being raised that the fiscal problems in Greece are not isolated and may spread throughout the Euro Region should it default on its debt. Risk aversion set in and traders bailed out of the Euro as they sought protection against the possibility of a collapse in Greece.

  • EUR USD Showing Strength on Reports of Impending Greek Rescue
    Appetite for risky assets is helping to drive down the U.S. Dollar at the mid-session. Profit-taking and fresh selling is apparent as investors adjust their portfolio positions in anticipation of a resolution to the sovereign debt problems in Greece and the neighboring Euro Region.At this time, the resolution appears to be specifically designed for Greece. Investors are still skeptical as to whether similar problems in Portugal and Spain will get the same treatment. These concerns could be helpi...

  • EUR USD Trading Weaker as Trichet Talks Up Dollar
    The EUR USD is trading sharply lower at the mid-session after European Central Bank President Trichet talked up the Dollar. Once again it looks like the Euro is failing slightly above the $1.5000 area. The high for the year at 1.5063 in October has repelled all recent attempts to break this level. Traders seem fearful that the ECB may take stronger action other than verbal intervention to force the Euro lower.The GBP USD is trading under pressure at the mid-session. Yesterday’s rally was tr...

  • EUR USD dragged Down by Greece's Debt Woes
    The EUR USD is taking a beating at the mid-session. This latest round of weakness is being triggered by mounting concerns about Greece’s ability to resolve its debt issues. Traders expect the European finance ministers to hold their ground and maintain that Greece solves its own problems. This could be an indication that this problem will persist as Greece is having problems reaching a budget solution.Additional selling pressure is coming from the news that German investor confidence declined ...

  • EUR USD has Green Light to Test High for Year
    At the mid-session, the EUR USD is posting a large gain. Yesterday’s supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher.The GBP USD is trading lower at the mid-session. This is either being triggered by a negative reaction to ...

  • EUR Weakens Versus USD and GBP
    Daily Review 18/11/2009USD Dollar (USD) – The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B expected. NASDAQ and Dow Jones rose slightly by 0.27% and 0.29%. Crude gained by 0.68% closing at 79.44$ a barrel and Gold (XAU) remained almost unchanged with 0.16% change closin...

  • EUR weakens to USD
    Daily Review 11/11/2009USD Dollar (USD) – The Dollar rose during Europe session on speculation demand for riskier assets will drop. NASDAQ decreased by 0.14% and Dow Jones slightly rose by 0.20%. Crude oil declined by 0.5% closed approximately to 79$ a barrel. Gold (XAU) rose by 0.1% closed at 1102.5$ an ounce. There are no data today due to bank holiday. EURO (EUR) –The Euro weakened versus the Dollar after German investor confidence declined more than economists forecast in November as the...

  • EUR/CAD
    Comment: Very much a currency pair of two halves, where since the Euro’s introduction half the time it trades in an upper band (1.5000 to 1.7000), and the other half of the time it moves messily between 1.5000 and 1.3000 (two standard deviations from the mean at 1.5050). December’s close just above 1.5000 is slightly inconclusive despite the rather top-heavy formation of 2009. This month’s drop to match the October 2008 low at 1.4670 has put the Euro into oversold territory against the Can...

  • EUR/CHF
    Comment: It would appear that the Swiss National Bank is re-thinking its efforts to weaken the Swiss franc. Though still trading above the level where they first intervened in March last year, prices have already closed for three consecutive weeks below the 1.5000 they had subsequently tried to protect. All elements of this Ichimoku ‘cloud’ chart point to a short position, with bearish momentum likely to increase dramatically on a weekly close below 1.4640. A drop to 2001’s low at 1.4400 ...

  • EUR/GBP
    Comment: Last week’s ‘bearish engulfing’ candle with a ‘spike high’ at its top suggests that an immediate meltdown in the value of sterling has been postponed, and maybe averted for the rest of this year. However, as we remain just a whisker away from the all-time low on the Bank of England’s Trade Weighted basis there is absolutely no room for complacency. While above 0.8400, two standard deviations from the equivalent long term mean at 0.7135, the danger is that EUR/GBP will be dr...

  • EUR/JPY: Attempt shorts at 134.00; stop above 135.85
    Comment: Rallying more quickly and more strongly that we had though possible as the Euro bounces from Fibonacci and channel support. We continue to see the latest decline as corrective but are not sure where and how long it will take to form a new interim base. This process could take a couple of weeks so probably no need to rush in too quickly.

  • EUR/JPY: Attempt shorts at 134.70/135.00; stop above 135.25
    Comment: Very close to this year’s high at 1.5064 amid generalised US dollar weakness. The Euro is not overbought and bullish pressure has increased slightly, as should implied volatility. High futures volume over the last two weeks suggest many are new to the party.

  • EUR/JPY: Attempt shorts at 135.45; stop above 137.55
    Comment: Dropping to the 26-day at 1.4770, giving up 50% of the most recent gains. The Euro is no longer overbought and bullish momentum is almost nil. Expect it to try and hold at current levels today.

  • EUR/JPY: Attempt small shorts at 134.50; stop above 135.25
    Comment: The Euro found support from Fibonacci retracement as Antipodean currencies gap higher over the weekend. Bullish pressure has increased slightly, as should implied volatility. Strategy: Attempt small longs at 1.4935, adding to 1.4825; stop below 1.4700. Short term target 1.4955/1.4995, eventually this year’s high at 1.5064.

  • EUR/JPY: Possibly attempt small shorts at 124.10/124.50
    Comment: Yesterday’s close above the 9-day moving average is the first small sign that Friday’s small ‘hammer’ with a low at 1.3532 might be an interim low point. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ on (hopefully) this week’s candle. Note that futures volume continues above average and open interest rising, suggesting many are late to the party.

  • EUR/JPY: Possibly attempt tiny shorts at 133.20; stop above 135.55
    Comment: Giving up 61% of the most recent gains prompting some to talk about a major turn in the US dollar’s fortunes. This is very premature as the Euro remains within its ‘channel’, moving averages and the Ichimoku ‘cloud’ suggesting a long Euro position. The Euro is almost oversold and momentum is nil. Very good volume in the futures market suggests those recently arrived at the party are bailing out of overly-aggressive positions. Allow for several weeks’ worth of correction an...

  • EUR/JPY: Possibly attempt tiny shorts at 134.15; stop above 135.75
    Comment: All elements on this chart suggest a long medium term position. Obviously in order to break to new highs strong daily and weekly closes are needed, here and in a series of other currencies.

  • EUR/JPY: Sell at 123.80, adding to 124.45
    Comment: Dropping to a new recent low at 1.3443 in an unstable ‘wedge’ formation. The Euro is terribly oversold though bearish momentum is at its strongest since December 2008. This is not the way moves usually start, instead is more like how they end with an ‘exhaustion gap’. Be very careful.

  • EUR/JPY: Sell at 129.00, adding to 129.70
    Comment: Dropping below the flat-topped Ichimoku ‘cloud’ because it drops suddenly to a trough next week. Approaching the 50% long term Fibonacci retracement support so watch how it might react here. The Euro is as oversold as it was in thin markets at Christmas and good futures volume suggests an element of panic.

  • EUR/JPY: Sell at 130.18 adding to 131.00; stop above 132.45
    Comment: Rather messy as the Euro loses ground (slowly) against a series of other European currencies. Futures positions are being re-built and volume has been fairly good so far this year, despite relatively narrow ranges, suggesting much speculation.

  • EUR/USD, GBP/US & EUR/GBP−− Get Ready for a Possible Wild Ride Ahead of 2 Rate Decisions and other U.S. Data
    EUR/USD has bounced off Key resistance just underneath the 200 hour moving average and downtrend support line all the way down to its current support level just around 1.3900.   Look for next key support around 1.3850 with a breach there leading towards lower lows around 1.3739, and on to levels not seen since last Fe 2009 (1.3300/134.00 level) on daily charts.  European Central Bank Rate Decision on Thursday (see calendar below) which could potentially have a very large impact o...

  • EUR/USD: (1.3475) New reaction low on Fed's move
    {image "Hourly_20100219070254.jpg"} New reaction low on Fed’s move and pair currently back below the daily channel off 1.5142 (bottom at 1.3603 today): Support area at 1.3453/ .3443 (daily envelope bottom/ today’s +new reaction low?), with next levels at 1.3417/ .3405 (daily Bollinger bottom/ 61.8% 2008 low to 1.5145), where pause favored. If wrong, next levels at 1.3382/ .3373 (redrawn daily channel bottom off 1.5142/ 2nd target of daily Flag break off 1.4218), ahead of 1.3362 (weekly enve...

  • EUR/USD: (1.3569) Reapproaching 1.3532
    {image "HourlyCharts_20100218064112.jpg"} Drop from 1.3789 puts the pair currently back below the daily channel off 1.5142 (bottom at 1.3627 today) and reapproaching 1.3532: Support area at 1.3557/ .3547 (today’s low?/ daily Stop And Reverse), with next levels at 1.3532/ .3530 (current reaction low off 1.5145 + daily envelope bottom/ weekly Bollinger bottom), ahead of 1.3504 (monthly envelope bottom), where pause favored. If wrong, next levels at 1.3460 (daily Bollinger bottom), ahead of 1.34...

  • EUR/USD: (1.3637) New reaction low in channel off 1.4580
    {image "forex_20100208064104.jpg"} Move back in the channel off 1.4580 sent the pair to a new reaction low, below the daily channel bottom off 1.5142 (1.3790 today) and has reapproached monthly break-up area of 1.3581,: Support area at 1.3621 (today‘s low?), with next levels ay 1.3585/ .3581 (current reaction low off 1.5145 + daily envelope bottom/ see above), where pause favored, amid overextended readings. If wrong, next level at 1.3560 (daily Bollinger bottom + daily Starc bottom), ahead o...

  • EUR/USD: (1.3637) New reaction low in channel off 1.4580
    {image "forex_20100208064104.jpg"} Move back in the channel off 1.4580 sent the pair to a new reaction low, below the daily channel bottom off 1.5142 (1.3790 today) and has reapproached monthly break-up area of 1.3581,: Support area at 1.3621 (today‘s low?), with next levels ay 1.3585/ .3581 (current reaction low off 1.5145 + daily envelope bottom/ see above), where pause favored, amid overextended readings. If wrong, next level at 1.3560 (daily Bollinger bottom + daily Starc bottom), ahead o...

  • EUR/USD: (1.3637) New reaction low on Fed's move
    {image "hourly_20100222065646.jpg"} New reaction low on Fed’s move but pair currently back in the daily channel off 1.5142 (bottom at 1.3582 today) and bullish engulfing last Friday: Support area at 1.3602 (today’s low?), with next levels at 1.3574 (break-up hourly), ahead of 1.3534/ .3514 (break-up hourly/ daily envelope bottom), where pause favored. If wrong, next levels at 1.3483 (reaction low hourly), ahead of 1.3454/ .3443 (daily Bollinger bottom/ reaction low off 1.5145) and 1.3405 (6...

  • EUR/USD: (1.3669) Reapproached 1.3585
    Next report should be on Feb 17 {image "TechnicalAnalysis_20100212071115.jpg"} Pair below Flag and reapproached 1.3585 (see graph) and currently back below the daily channel off 1.5142 (bottom at 1.3703 today),: Support area at 1.3653/ .3650 (reaction low hourly/ break-up hourly), with next levels at 1.3625 (daily envelope bottom), ahead of 1.3585/ .3581 (current reaction low off 1.5145/ long term break-up on monthly charts), where pause favored, amid overextended readings.If wrong, next levels...

  • EUR/USD: (1.3706) Retesting channel top off 1.4580
    {image "Hourly_20100209063455.jpg"} Rebound off 1.3585 retesting the channel top off 1.4580 (see graph), with pair below the daily channel bottom off 1.5142 (1.3772 today),: Support area at 1.3643 (reaction low hourly), with next levels at 1.3621 (current week low), ahead of 1.3585/ .3581 (current reaction low off 1.5145/ long term break-up on monthly charts), where pause favored, amid overextended readings. If wrong, next level at 1.3534/ .3529 (daily Bollinger bottom + daily envelope bottom/ ...

  • EUR/USD: (1.3706) Still above channel off 1.4580
    {image "hourly_20100205063426.jpg"} Move back in the channel off 1.4580 sent the pair to a new reaction low , below the daily channel bottom off 1.5142 (1.3808 today),: Support area at 1.3669/ .3668 (current reaction low off 1.5145/ daily envelope bottom), ahead of 1.3653 (Equality C wave off 1.4580), where pause favored, amid overextended readings. If wrong, next level at 1.3626/ .3611 (daily Bollinger bottom/ daily Starc bottom), ahead of 1.3581/ .3504 (long term break-up on monthly charts/ m...

  • EUR/USD: (1.3742) In Flag off 1.3585
    {image "TechnicalAnalysis_20100210080012.jpg"} Rebound off 1.3585 puts the pair in Flag (see graph) and toying back with the broken daily channel bottom off 1.5142 (1.3750 today),: Support area at 1.3718 (broken daily Short Term Moving Average↓), with next levels at 1.3692/ .3686 (reaction low hourly/ daily envelope bottom) and 1.3643/ .3621 (reaction low/ current week low), where pause favored, amid overextended readings. If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.514...

  • EUR/USD: (1.3775) Drop from 1.3840 retested broken channel top
    {image "TechnicalAnalysis_20100217071112.jpg"} Drop from 1.3840 retested broken channel top off 1.4580 (see graph) and currently back in the daily channel off 1.5142 (bottom at 1.3650 today),: Support area at 1.3735/ .3730 (broken daily Medium Term Moving Average↓/ break-up hourly), with next levels at 1.3693/ .3674 (daily Short Term Moving Average↑/ daily envelope bottom), ahead of 1.3635 (break-up daily), where pause favored. If wrong, next levels at 1.3578 (current week low), ahead of 1....

  • EUR/USD: (1.3796) Currently back in Flag off 1.3585
    {image "TechnicalAnalysis_20100211064508.jpg"} Pair currently back in Flag off 1.3585 (see graph) and back in the daily channel off 1.5142 (bottom at 1.3730 today),: Support area at 1.3728/ .3725 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.3676/ .3658 (reaction low hourly/ daily envelope bottom) and 1.3621 (current week low), where pause favored, amid overextended readings. If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.5145/ long term br...

  • EUR/USD: (1.3796) Currently back in Flag off 1.3585
    {image "TechnicalAnalysis_20100211064508.jpg"} Pair currently back in Flag off 1.3585 (see graph) and back in the daily channel off 1.5142 (bottom at 1.3730 today),: Support area at 1.3728/ .3725 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.3676/ .3658 (reaction low hourly/ daily envelope bottom) and 1.3621 (current week low), where pause favored, amid overextended readings. If wrong, next levels at 1.3585/ .3581 (current reaction low off 1.5145/ long term br...

  • EUR/USD: (1.3889) Still above channel off 1.4580
    {image "HOURLY_20100204063131.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low and tested the daily channel bottom off 1.5142 (1.3832 today), but currently still above channel from 1.4580 (see graph): Support area at 1.3866 (reaction low hourly), with next levels at 1.3851 (current reaction low off 1.5145), ahead of 1.3838/ .3832 (daily envelope bottom/ see above), where pause favored, amid overextended readings. If wrong, next level at 1.3783/ .3765 (Irregular B...

  • EUR/USD: (1.3928) In channel off 1.4580
    {image "Forex_20100202064012.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) but failed so far to extend below the daily channel bottom off 1.5142 (1.3873 today). Support area at 1.3873 (see above + break-up hourly), with next levels at 1.3851/ .3843 (current reaction low off 1.5145/ daily envelope bottom), where pause favored, amid overextended readings. If wrong, next level at 1.3788/ .3873 (daily Bollinger bottom/ broken da...

  • EUR/USD: (1.3936) Below bearish Flag off 1.4218
    {image "hourly_20100201062303.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) and trying to extend below the daily channel bottom off 1.5142 (1.3893 today). Support area at 1.3852 (today’s + current reaction low off 1.5145?), ahead of 1.3819 (daily Bollinger bottom), where pause favored, amid overextended readings. If wrong, next level at 1.3781 (daily envelope bottom), ahead of 1.3764/ .3748 (daily Starc bottom/ June 2009 l...

  • EUR/USD: (1.3936) Below bearish Flag off 1.4218
    {image "Hourly_20100129063124.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) and testing daily channel bottom off 1.5142 (1.3915 today). Support area at 1.3912 (today’s + current reaction low off 1.5145?), ahead of 1.3891/ .3888 (daily Bollinger bottom/ daily envelope bottom), where pause favored, amid overextended readings. If wrong, next level at 1.3835 (weekly projection band bottom), ahead of 1.3808 (daily Starc bottom)...

  • EUR/USD: (1.3958) Above channel off 1.4580
    {image "hourly_20100203063910.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low and tested the daily channel bottom off 1.5142 (1.3851 today), but currently above channel from 1.4580 (see graph): Support area at 1.3924 (reaction low hourly), with next levels at 1.3886/ .3873 (reaction low hourly + daily envelope bottom/ break-up hourly) and 1.3851 (current reaction low off 1.5145 + see above), where pause favored, amid overextended readings. If wrong, next level a...

  • EUR/USD: (1.4015) Below bearish Flag off 1.4218
    {image "hourly_20100128064133.jpg"} Drop below the bearish Flag off 1.4218 sent the pair to a new reaction low, in channel from 1.4580 (see graph) and tested daily Bollinger bottom + daily envelope bottom (1.3957). Support area at 1.3938/ .3930 (daily channel bottom off Dec high/ today’s + current reaction low off 1.5145?), where pause favored. If wrong, next level at 1.3842/ .3828 (weekly projection band bottom/ daily Starc bottom): tough on 1st tests. Resistance at 1.4054 (reaction high hou...

  • EUR/USD: (1.4055) Below bearish Flag
    {image "HOURLY_20100127062710.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph). Support area at 1.4042/ .4029 (current week low/ current reaction low off 1.5145), with next levels at 1.4011/ .4007 (daily envelope bottom/ daily Bollinger bottom + Fibonacci Fan Line on weekly charts + 5th hourly off 1.4580), where pause favored. If wrong, next level at 1.3959 (daily channel bottom off Dec high + monthly Medium Term Moving Average↑): tough on 1st tests. Resistan...

  • EUR/USD: (1.4081) Below bearish Flag
    {image "Hourly_20100126061931.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph). Support area at 1.4066/ .4063 (break-up hourly/ daily envelope bottom), with next levels at 1.4048/ .4046 (daily Bollinger bottom/ weekly envelope bottom, where pause favored. If wrong, next levels at 1.4029/ .4007 (current reaction low off 1.5145/ Fibonacci Fan Line on weekly charts + 5th hourly off 1.4580 ): tough on 1st tests. Resistance at 1.4158 (breakdown hourly), with next l...

  • EUR/USD: (1.4095) Below bearish Flag
    {image "HOurly_20100121061743.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with 2nd target off 1.4626 (neckline daily Double Top) having been met (1.4107). Support area at 1.4067/ .4060 (today’s low? + daily projection band bottom/ 1st target of broken daily Flag break off 1.4218), with next level at 1.4045 (Aug 17 low), where pause favored. If wrong, next levels at 1.4007/ .4003 (5th wave hourly off 1.4580/ daily envelope bottom): tough on 1st tests. R...

  • EUR/USD: (1.4123) Below bearish Flag
    {image "hourly_20100122062259.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with daily Bollinger bottom at 1.4105 being toyed with. Support area at 1.4068 (today’s low?), with next levels at 1.4029 (current week low + daily projection band bottom), ahead of 1.4007 (5th wave hourly off 1.4580), where pause favored.If wrong, next levels at 1.3971/ .3965 (daily envelope bottom/ monthly Medium Term Moving Average↑): tough on 1st tests. Resistance at 1.4144...

  • EUR/USD: (1.4163) Below bearish Flag
    {image "Hourly_20100125062815.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph). Support area at 1.4125 (reaction low hourly), with next levels at 1.4090/ .4086 (weekly Bollinger bottom/ 50 Week Moving Average↑ + daily Bollinger bottom), where pause favored. If wrong, next levels at 1.4046 (weekly envelope bottom), ahead of 1.4029/ .4025 (current reaction low off 1.5145/ daily envelope bottom): tough on 1st tests. Resistance at 1.4182 (reaction high hourly), w...

  • EUR/USD: (1.4182) Below bearish Flag
    {image "hourly_20100120062503.jpg"} Drop from 1.4580 puts the pair below the bearish Flag off 1.4218 (see graph), with 1st target off 1.4626 (neckline daily Double Top) having been met (1.4180), with 2nd one at 1.4107.Support area at 1.4166 (today’s low?), with next levels at 1.4130 (daily Starc bottom), ahead of 1.4107 (see above), where pause favored. If wrong, next levels at 1.4085/ .4070 (monthly envelope bottom/ 38.2% 2008 low to 1.5145): tough on 1st tests; Resistance at 1.4266 (breakd...

  • EUR/USD: (1.4306) Testing Flag bottom
    {image "hourly_20100108061927.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Testing Flag bottom (see graph): Support area at 1.4282 (reaction low hourly), with next levels at 1.4257/ .4251 (current week low/ daily envelope bottom + 200 Day Moving Average↑), where pause favored. If wrong, next level at 1.4218 (reaction low off 1.5...

  • EUR/USD: (1.4355) Failed to extend above 1.4459
    {image "hourly_20100106062250.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Support area at 1.4327/ .4318 (break-up hourly/daily envelope bottom), ahead of 1.4293 (see graph: Flag bottom), where pause favored. If wrong, next level at 1.4257/ .4249 (current week low/ daily Fibonacci Fan Line off 2005 low), ahead of 1.4238/ .4218 (2...

  • EUR/USD: (1.4390) Rebound off 1.4218 in Flag
    {image "hourly_20100119062754.jpg"} Rebound off 1.4218 in Flag (see graph) and reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4360 (see graph: Flag bottom), with next levels at 1.4335 (current week low), ahead of 1.4309/ .4303 (daily envelope bottom/ 76.4% 1.4218 to 1.4580), where pause favored. If wrong, next levels at 1.4289 (200 Day Moving Average↑), ahead of 1.4269/ .4257 (daily Bollinger bottom/ Jan 04 low) and 1.4218/ .4210 (reaction low off 1.5145/ wee...

  • EUR/USD: (1.4390) Rebound off 1.4218 in Flag
    {image "hourly_20100119062754.jpg"} Rebound off 1.4218 in Flag (see graph) and reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4360 (see graph: Flag bottom), with next levels at 1.4335 (current week low), ahead of 1.4309/ .4303 (daily envelope bottom/ 76.4% 1.4218 to 1.4580), where pause favored. If wrong, next levels at 1.4289 (200 Day Moving Average↑), ahead of 1.4269/ .4257 (daily Bollinger bottom/ Jan 04 low) and 1.4218/ .4210 (reaction low off 1.5145/ wee...

  • EUR/USD: (1.4398) Drop from 1.5145 puts pair below 1.4800 and 1.4625
    {image "Analysis_20091217062311.jpg"} Drop from new year high puts the pair below daily Uptrendline off June low (1.4690 today), with Double Tops off 1.4800 and 1.4626 (see graph) and end of year position squaring.Support area at 1.4369/ .4363 (today’s + current week low?/ Sept break-up daily charts), where pause favored.If wrong, next levels at 1.4329/ .4310 (daily projection band bottom/ daily Starc bottom): tough on 1st tests.Resistance at 1.4421/ .4450 (broken daily Bollinger bottom/ brea...

  • EUR/USD: (1.4398) Failed to extend above 1.4459
    {image "Hourly_20100107063327.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Support area at 1.4357 (daily envelope bottom + daily Medium Term Moving Average↑), ahead of 1.4300 (see graph: Flag bottom), where pause favored. If wrong, next level at 1.4282 (reaction low hourly), ahead of 1.4257/ .4244 (current week low/ daily Fibona...

  • EUR/USD: (1.4421) In Flag
    Next report should be on Jan 19 {image "hourly_20100115072154.jpg"} Rebound off 1.4218 tested Flag top (see graph) and daily Long Term Moving Average↓/daily Bollinger top (1.4522/ .4533), with pair having reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4410/ .4405 (daily Medium Term Moving Average↑/ reaction low hourly), with next levels at 1.4385/ .4376 (daily Bollinger midline/ broken weekly Short Term Moving Average↓), where pause favored. If wrong, next...

  • EUR/USD: (1.4460) Trying to extend above 1.4459
    {image "hourly_20100105085653.jpg"} Drop from last year high has met target of daily channel break off June low (1.4219) and puts the pair below the neckline of a daily Double Top off 1.4626, with 1st target at 1.4188 having been approached. Support area at 1.4404 (today’s low?), with next levels at 1.4360/ .4346 (daily Short Term Moving Average↑/ daily Medium Term Moving Average↑ + daily envelope bottom), where pause favored. If wrong, next level at 1.4327 (break-up hourly): tough on 1st...

  • EUR/USD: (1.4487) Tested Flag Top
    {image "Forex_20100113070227.jpg"} Rebound off 1.4218 tested Flag top (see graph), but pair still below the neckline of a daily Double Top off (1.4626: 1st target at 1.4188 having been approached on drop from last year high). Support area at 1.4453/ .4444 (reaction low hourly/ daily envelope bottom + daily Short Term Moving Average↑), with next levels at 1.4427 (break-up hourly), ahead of 1.4393 (broken weekly Short Term Moving Average↓ + daily Medium Term Moving Average↑) and 1.4371 (dai...

  • EUR/USD: (1.4489) Tested Flag Top
    {image "Forex_20100112061917.jpg"} Rebound off 1.4218 tested Flag top (see graph), but pair still below the neckline of a daily Double Top off (1.4626: 1st target at 1.4188 having been approached on drop from last year high). Support area at 1.4453 (today’s low?), with next levels at 1.4432/ .4427 (daily envelope bottom/ daily Short Term Moving Average↑ + break-up hourly), ahead of 1.4393/ .4386 (broken weekly Short Term Moving Average↓/ daily Medium Term Moving Average↑) and 1.4373 (da...

  • EUR/USD: (1.4510) Tested Flag Top
    {image "hourly_20100111063852.jpg"}  Rebound off 1.4218 testing daily Bollinger top (1.4526), but pair still below the neckline of a daily Double Top off (1.4626: 1st target at 1.4188 having been approached on drop from last year high). Tested Flag top (see graph): Support area at 1.4404/ 1.4393 (daily Short Term Moving Average↑/ broken weekly Short Term Moving Average↓): ideal area to stay above to keep current better mood on €.. If unable to hold, next level at 1.4375 (daily Bol...

  • EUR/USD: (1.4533) Drop from 1.5145 puts pair below 1.4800 and 1.4625
    {image "Analysis_20091216062948.jpg"} Drop from new year high puts the pair below daily Uptrendline off June low (1.4683 today), with Double Tops off 1.4800 and 1.4626 (see graph). Support area at 1.4503/ .4495 (current week low/ daily Bollinger bottom), with next levels at 1.4480 (Oct low + 23.6% 2008 low to 1.5145) and 1.4455/ .4446 (daily envelope bottom + 2nd target off 1.4800/ 50% June low to 1.5145): tough on 1st tests. Resistance at 1.4592/ .4614 (daily Downtrendline off year high + dail...

  • EUR/USD: (1.4545) Retesting Flag Top
    {image "Hourly_20100114063125.jpg"} Rebound off 1.4218 retesting Flag top (see graph) and daily Long Term Moving Average↓ + daily Bollinger top (1.4540), with pair having reapproached the neckline of a daily Double Top off (1.4626). Support area at 1.4493 (daily Short Term Moving Average↑), with next levels at 1.4472/ .4464 (reaction low hourly/ daily envelope bottom), ahead of 1.4327 (break-up hourly). 1.4393/ .4382 (broken weekly Short Term Moving Average↓/ daily Bollinger midline): ide...

  • EUR/USD: (1.4708) Drop from 1.5145 puts pair below 1.4800
    {image "Analysis_20091210062629.jpg"}Drop from new year high puts the pair back in the inverted daily channel off June low (bottom at 1.4650 today) and broke the daily Uptrendline off March low: currently below 1.4800 (see graph) with daily Bollinger bottom at 1.4687.Support area at 1.4687/ .4665 (see above/ current week low), with next levels at 1.4650 (see above) and 1.4626 (Nov 03 low + neckline daily Double Top), where pause favored.If wrong, next level at ahead of 1.4611/ .4604 (38.2% June...

  • EUR/USD: (1.4725) In channel off 1.3832
    {image "Hourly_20091104063649.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and back in the inverted daily channel off June low (top at 1.4908 today), with daily Uptrendline off March low under threat (1.4750 today). Support area at 1.4698 (break-up hourly), with next levels at 1.4640 (daily Bollinger bottom + daily envelope bottom), ahead of 1.4626/ .4624 (current reaction low off 1.5064/ weekly envelope bottom), where pause favored. If wrong, next levels at 1.4594...

  • EUR/USD: (1.4726) Drop from 1.5145 puts pair below 1.4800
    {image "hourly_20091209062636.jpg"} Drop from new year high puts the pair back in the inverted daily channel off June low (bottom at 1.4641 today) and broke the daily Uptrendline off March low (1.5074 today): currently below 1.4800 (see graph) with daily Bollinger bottom at 1.4714. Support area at 1.4665 (today’s low? + daily projection band bottom), with next levels at 1.4641 (see above) and 1.4626 (Nov 03 low + neckline daily Double Top), where pause favored. If wrong, next level at ahead o...

  • EUR/USD: (1.4728) Back in channel off 1.3832
    {image "hourly_20091029064452.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4883 today), with daily Uptrendline off March low being tested (1.4696 today).Support area at 1.4684/ .4674 (today’s + current reaction low off 1.5064?/ reaction lows hourly + daily projection band bottom), with next levels at 1.4618/ .4608 (daily Starc bottom/ daily envelope bottom), where pause favored. If wrong, next levels at 1.4...

  • EUR/USD: (1.4729) Drop from 1.5145 puts pair below 1.4800
    Next report should be on Dec 15 {image "Analysis_20091211061305.jpg"}Drop from new year high puts the pair back in the inverted daily channel off June low (bottom at 1.4654 today) and broke the daily Uptrendline off March low: currently below 1.4800 (see graph). Support area at 1.4708/ .4693 (reaction lows hourly), with next levels at 1.4665/ .4654 (current week low + daily Bollinger bottom/ see above), ahead of 1.4626 (Nov 03 low + neckline daily Double Top) an d1.4622/ .4611 (daily envelope b...

  • EUR/USD: (1.4729) Drop from 1.5145 puts pair below 1.4800
    {image "Analysis_20091215062528.jpg"}Drop from new year high trying to extend below daily Uptrendline off June low (1.4671 today), with Double Top off 1.4800 (see graph) and another one threatening in case of sustained trade below 1.4626.Support area at 1.4600 (current week low), with next levels at 1.4586/ .4571 (current reaction low off 1.5145 + weekly projection band bottom/ daily Bollinger bottom + daily envelope bottom): tough on 1st tests.Resistance at 1.4674/ .4686 (daily Short Term Movi...

  • EUR/USD: (1.4731) Back above channel 1.3832
    Next report should be on Oct 13 {image "Hourly_20091009060934.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and retested reinstalled inverted daily channel top off June low (1.4783 today). Support area at 1.4690 (break-up hourly), with next levels at 1.4673/ .4659 (daily Bollinger midline/ daily Medium Term Moving Average→): ideal area to stay above to keep current short term outlook intact for €.Failure to hold would see with next levels at 1.4593/ .4582...

  • EUR/USD: (1.4780) Back above channel 1.3832
    {image "hourly_20091013063652.jpg"}Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and retesting reinstalled inverted daily channel top off June low (1.4797 today).Support area at 1.4750/ .4740 (daily Short Term Moving Average↑/ break-up hourly), with next levels at 1.4719 (daily envelope bottom), ahead of 1.4687/ .4672 (daily Bollinger midline/ daily Medium Term Moving Average↑): ideal area to stay above to keep current short term outlook intact for €.Failure t...

  • EUR/USD: (1.4792) In channel off 1.3832
    {image "hourly_20091103063345.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4900 today), with daily Uptrendline off March low having been tested (1.4742 today). Support area at 1.4762/ .4742 (broken daily Short Term Moving Average↓/ see above), with next levels at 1.4725 (reaction low hourly) and 1.4681 (current reaction low off 1.5064 + daily envelope bottom), where pause favored. If wrong, next levels at 1...

  • EUR/USD: (1.4818) Back in channel off 1.3832
    {image "EURUSD_20091028063631.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4875 today). Support area at 1.4769 (current reaction low off 1.5064 + daily projection band bottom), with next levels at 1.4760/ .4753 (daily Long Term Moving Average↑/ 23.6% 1.3748 to 1.5064), where pause favored; If wrong, next levels at 1.4725 (daily envelope bottom), ahead of 1.4683/ .4679 (medium term reaction lows/ daily Uptre...

  • EUR/USD: (1.4838) Drop from 1.5145 tested 1.4800
    {image "hourly_20091208062925.jpg"} Drop from new year high puts the pair back in the inverted daily channel off June low and broke the daily Uptrendline off March low (1.5061 today), with 1.4800 having been tested (see graph). Support area at 1.4821 (today’s low?), with next levels at 1.4776/ .4756 (daily Bollinger bottom/ current week low + daily projection band bottom), where pause favored. If wrong, next level at ahead of 1.4710 (daily envelope bottom + weekly projection band bottom): tou...

  • EUR/USD: (1.4845) In channel off 1.3832
    {image "hourly_20091105063831.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832, with rebound off 1.4626 having retested the inverted daily channel top off June low (1.4917 today) and putting the pair currently back above the daily Uptrendline off March low (1.4754 today). Support area at 1.4801 (break-up hourly), with next levels at 1.4779/ .4774 (daily Long + Short Term Moving Averages↑/ daily envelope bottom), ahead of 1.4739 (reaction high hourly) and 1.4698 (brea...

  • EUR/USD: (1.4848) In channel off 1.3832
    Next report should be on Nov 03 {image "Analysis_20091030063349.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832 and in the inverted daily channel off June low (top at 1.4892 today), with daily Uptrendline off March low having been tested (1.4708 today). Support area at 1.4822/ .4813 (reaction low hourly/ broken daily Short Term Moving Average↓), with next levels at 1.4745 (break-up hourly), ahead of 1.4717/ .4708 (daily envelope bottom/ see above) and 1.4683/ .4674...

  • EUR/USD: (1.4880) In channel off 1.3832
    Next reoprt should be on Nov 17 {image "forex_20091106062052.jpg"} Drop from new recovery high puts the pair back in channel off 1.3832, with rebound off 1.4626 having retested the inverted daily channel top off June low (1.4928 today) and putting the pair currently back above the daily Uptrendline off March low (1.4771 today). Support area at 1.4851/ .4844 (broken daily Medium Term Moving Average↓/ reaction low hourly), with next levels at 1.4801 (break-up hourly + daily envelope bottom), ah...

  • EUR/USD: (1.4888) New recovery high on move back above channel from 1.3832
    {image "HOURLY_20091014055620.jpg"}Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph: potential at 1.4911) and back above inverted daily channel top off June low (1.4802 today), with new recovery high. Support area at 1.4839 (reaction low hourly), with next levels at 1.4802/ .4797 (daily Short Term Moving Average↑ + see above/ daily envelope bottom), ahead of 1.4740 (break-up hourly).1.4699/ .4693 = daily Bollinger midline/ daily Medium Term Moving Average↑: ide...

  • EUR/USD: (1.4891) In channel off 1.3832
    {image "Analysis_20091118064002.jpg"}Pair currently back below the inverted daily channel top off June low (1.4979 today) with the daily Uptrendline off March low at 1.4879 today.Support area at 1.4859 (reaction low hourly), with next levels at 1.4807/ .4799 (current week low/ daily envelope bottom) and 1.4767 (weekly envelope bottom + daily Stop And reverse), where pause favored.Resistance at 1.4922/ .4946 (breakdown hourly/ daily envelope top), with next levels at 1.4975 (reaction high hourly...

  • EUR/USD: (1.4894) New recovery high has tested channel top from 1.3832
    {image "Analysis_20091022060108.jpg"} Rebound off 1.4480 has sent the pair to a new recovery high, meeting 2nd target of daily Double Bottom off 1.3739 at 1.5021 and tested channel top off 1.3832 (see graph).Support area at 1.4958/ .4947 (break-up hourly + daily Short Term Moving Average↑/ daily envelope bottom), with next levels at 1.4893 (daily projection band bottom), ahead of 1.4862 (daily Medium Term Moving Average↑): ideal area to stay above to keep current short term outlook intact f...

  • EUR/USD: (1.4895) Drop from new recovery high retested 1.4845
    {image "Analysis_20091027063041.jpg"}Drop from new recovery high retested 1.4845 and the inverted broken daily channel top off June low (1.4867 today).Support area at 1.4845 (reaction low off 1.5064 + previous reaction high)), with next levels at 1.4829 (see graph), ahead of 1.4819/ .4812 (daily Bollinger midline/daily envelope bottom), where pause favored; If wrong, next levels at 1.4756/ .4753 (daily Medium Term Moving Average↑/ 23.6% 1.3748 to 1.5064): tough on 1st attempts.Resistance at 1...

  • EUR/USD: (1.4914) In channel off 1.3832
    {image "hourly_20091119062723.jpg"} Pair currently back below the inverted daily channel top off June low (1.4987 today) with the daily Uptrendline off March low at 1.4887 today. Support area at 1.4885 (reaction low hourly + daily envelope bottom), with next levels at 1.4858 (reaction low hourly), ahead of 1.4807 (current week low + daily projection band bottom), where pause favored. If wrong, next levels at 1.4786/ .4767 (daily Stop And Reverse/ weekly envelope bottom): tough on 1st tests. Res...

  • EUR/USD: (1.4922) In channel off 1.3832
    Next report should be on Nov 24 {image "Hourly_20091120064504.jpg"}Pair currently back below the inverted daily channel top off June low (1.4996 today) with the daily Uptrendline off March low at 1.4900 today. Support area at 1.4868 (daily Bollinger midline), with next levels at 1.4847 (reaction low hourly + daily envelope bottom), ahead of 1.4807/ .4799 (current week low/ daily Stop And Reverse), where pause favored. If wrong, next level at 1.4767 (weekly envelope bottom + daily projection ban...

  • EUR/USD: (1.4926) New recovery high on move back above channel from 1.3832
    Next report should be on Oct 20 {image "forex_20091016060339.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4817 today), with new recovery high. Support area at 1.4907 (daily envelope bottom), with next levels at 1.4885 (daily Short Term Moving Average↑), ahead of 1.4845/ .4839 (previous recovery high/ reaction low hourly). 1.4748/ .4723 = daily Medium Term Moving Average↑/ daily Bollinger midline: i...

  • EUR/USD: (1.4927) New year high in channel off 1.3832
    Next report should be on Dec 01 {image "Analysis_20091127062232.jpg"}New year high scored but currently back below the inverted daily channel top off June low (1.5030 today), with the daily Uptrendline off March low at 1.4965 under threat.Support area at 1.4907/ .4904 (daily Long Term Moving Average↑/ today’s low?), with next levels at 1.4885/ .4870 (50% 1.4626 to 1.5145/ break-up hourly), where pause favored.If wrong, next levels at 1.4833 (current week low), ahead of 1.4810/ .4800 (daily ...

  • EUR/USD: (1.4930) New recovery high on move back above channel from 1.3832
    {image "hourly_20091021062125.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4839 today), with new recovery high, but Reversal Day. Support area at 1.4883/ .4877 (reaction low hourly/ daily envelope bottom), with next levels at 1.4850/ .4829 (daily projection band bottom/ current week low + see graph). 1.4766/ .4753= weekly envelope bottom/ daily Bollinger midline: ideal area to stay above to keep curren...

  • EUR/USD: (1.4945) In channel off 1.3832
    {image "Hourly_20091124062236.jpg"} Pair currently back below the inverted daily channel top off June low (1.5008 today) with the daily Uptrendline off March low at 1.4929 today. Support area at 1.4926/ .4909 (daily Medium Term Moving Average↑/ break-up hourly), with next levels at 1.4877/ .4873 (daily Bollinger midline/ daily envelope bottom), where pause favored. If wrong, next level at 1.4833 (current week low), ahead of 1.4800 (last week low + daily projection band bottom): tough on 1st t...

  • EUR/USD: (1.4955) New recovery high on move back above channel from 1.3832
    {image "daily_20091015062332.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4806 today), with new recovery high. Support area at 1.4929/ .4926 (broken daily Bollinger top/ today’s low?), with next levels at 1.4880 (daily envelope bottom), ahead of 1.4845/ .4839 (daily Short Term Moving Average↑ + previous recovery high/ reaction low hourly). 1.4722/ .4712 = daily Medium Term Moving Average↑/ daily ...

  • EUR/USD: (1.4956) In channel off 1.3832
    {image "Hourly_20091117075929.jpg"} Pair currently back above the inverted daily channel top off June low (1.4975 today) with the daily Uptrendline off March low at 1.4867 today. Support area at 1.4946/.4933 (reaction low hourly/ daily Short Term Moving Average→), with next levels at 1.4884 (daily Bollinger midline + daily envelope bottom), ahead of 1.4878/ 4867 (current week low + daily Medium Term Moving Average↑/ see above), where pause favored.If wrong, next levels at 1.4821 (Nov 12 low...

  • EUR/USD: (1.4956) In channel off 1.3832
    {image "Hourly_20091117075929.jpg"} Pair currently back above the inverted daily channel top off June low (1.4975 today) with the daily Uptrendline off March low at 1.4867 today. Support area at 1.4946/.4933 (reaction low hourly/ daily Short Term Moving Average→), with next levels at 1.4884 (daily Bollinger midline + daily envelope bottom), ahead of 1.4878/ 4867 (current week low + daily Medium Term Moving Average↑/ see above), where pause favored.If wrong, next levels at 1.4821 (Nov 12 low...

  • EUR/USD: (1.4973) New recovery high on move back above channel from 1.3832
    {image "HOURLY_20091020060412.jpg"} Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and back above inverted daily channel top off June low (1.4839 today), with new recovery high. Support area at 1.4940/ .4936 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.4906/ .4899 (daily envelope bottom/ reaction low hourly), ahead of 1.4858/ .4829 (daily projection band bottom/ current week low). 1.4766/ .4745 = weekly envelope bottom/ daily Bolli...

  • EUR/USD: (1.4991) In channel off 1.3832
    {image "Analysis_20091125061653.jpg"}Pair currently back below the inverted daily channel top off June low (1.5017 today) with the daily Uptrendline off March low at 1.4942 today.Support area at 1.4938 (daily Medium Term Moving Average↑), with next levels at 1.4897/ .4890 (daily envelope bottom/ daily Bollinger midline + daily Long Term Moving Average↑), where pause favored.If wrong, next level at 1.4870 (break-up hourly), ahead of 1.4833 (current week low) and1.4800 (Nov 20 low + daily pro...

  • EUR/USD: (1.5000) New year high in channel off 1.3832
    {image "Hourly_20091201063011.jpg"} New year high scored but currently back below the inverted daily channel top off June low (1.5039 today), with the daily Uptrendline off March low at 1.4991 under threat. Support area at 1.4965/ .4963 (current week low/ daily Medium Term Moving Average↑), with next levels at 1.4946 (daily Bollinger midline), ahead of 1.4915/ .4912 (daily envelope bottom + daily Long Term Moving Average↑/ break-up hourly), where pause favored. If wrong, next levels at 1.48...

  • EUR/USD: (1.5032) New recovery high above channel top from 1.3832
    Next report should be on Oct 27 {image "Analysis_20091023061518.jpg"} Rebound off 1.4480 has sent the pair to a new recovery high, meeting 2nd target of daily Double Bottom off 1.3739 at 1.5021 and now above channel top off 1.3832 (see graph).Support area at 1.5011/ .4991 (break-up hourly/ daily Short Term Moving Average↑), with next levels at 1.4970/ .4962 (daily envelope bottom/ reaction low hourly), ahead of 1.4933/ .4921 (break-up hourly/ daily projection band bottom).1.4888 (daily Mediu...

  • EUR/USD: (1.5051) New year high in channel off 1.3832
    Next report should be on Dec 08 {image "HOURLY_20091204063123.jpg"} New year high scored but currently toying back with the inverted daily channel top off June low (1.5065 today), with the daily Uptrendline off March low at 1.5030. Support area at 1.5018/ .5002 (daily envelope bottom/ daily Medium Term Moving Average↑), ahead of 1.4979/ .4965 (daily Bollinger midline/ current week low), where pause favored. If wrong, next level at ahead of 1.4928/ .4912 (daily Long Term Moving Average↑/ bre...

  • EUR/USD: (1.5086) New year high in channel off 1.3832
    {image "Analysis_20091203061941.jpg"}New year high scored and currently back above the inverted daily channel top off June low (1.5056 today), with the daily Uptrendline off March low at 1.5017. Support area at 1.5040/ .5032 (daily Short Term Moving Average↑/ reaction low hourly), with next levels at 1.4992/ .4984 (daily Medium Term Moving Average↑/ daily envelope bottom), ahead of 1.4969/ .4965 (daily Bollinger midline/ current week low), where pause favored. If wrong, next level at ahead ...

  • EUR/USD: (1.5097) New year high in channel off 1.3832
    {image "Analysis_20091202062711.jpg"}New year high scored and currently back above the inverted daily channel top off June low (1.5052 today), with the daily Uptrendline off March low at 1.5013.Support area at 1.5058 (break-up hourly), with next levels at 1.4998/ .4985 (daily envelope bottom/ daily Medium Term Moving Average↑), ahead of 1.4965/ .4962 (current week low/ daily Bollinger midline), where pause favored.If wrong, next level at ahead of 1.4922/ .4912 (daily Long Term Moving Average...

  • EUR/USD: (1.5103) New year high in channel off 1.3832
    {image "HOURLY_20091126062843.jpg"} Break back above the inverted daily channel top off June low (1.5021 today) sent the pair to a new year high, with the daily Uptrendline off March low at 1.4952 today and daily Bollinger top at 1.5125. Support area at 1.5073/ .5064 (daily envelope bottom/ previous high), with next levels at 1.5038 (reaction low hourly), ahead of 1.5002/ .4989 (daily Short Term Moving Average↑/ break-up daily) and 1.4955 (daily Medium Term Moving Average↑), where pause fav...

  • EUR/USD: bearish below 1.4450
    JP Morgan and Intel both companies out beating earnings estimates and S&P 500 futures moved towards the 1150 level, but stopped at 1147. We still see some weakness from Monday’s sell off from the yearly high at 1148 from Monday. So we are still looking at possible shorts if the right signal present itself, not seen it yet. ECB left rates unchanged as expected, but Trichet said the recovery could be bumpy and uneven. Trichet out saying that there is a major debt problem and no special t...

  • EUR: Attempt longs at 1.5000, adding to 1.4900; stop below 1.4800
    Comment: Still well bid as benign neglect surrounds the US dollar. The euro is not at all overbought, though bullish momentum is low. It looks as though we are setting up for a re-test this year’s high at 1.5064. Rising trendline and the Ichimoku ‘cloud’ should also provide support and suggest a long position for a break to new highs later on.

  • EUR: Attempt small longs at 1.3650
    Comment: Some are wondering why the Euro hasn’t dropped further with Greek woes looming. Yesterday’s price action is technically irrelevant, but no lower than Friday’s small ‘hammer’ low at 1.3532. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week. A daily close above the 9-day moving average at 1.3716 would be a good start.

  • EUR: Attempt small longs at 1.4160/1.4100
    Comment: Stabilising and a small bounce from the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). One-month at-the-money implied volatility appears to have based around 10.00% and should now squeeze up to 13.50%. Note that on the ECB’s Effective Exchange Rate the Euro is only very fractionally over the mean of the last two years. Over the next few weeks we feel the Euro should stabilise and form a new interim low. Other currencies should also do something similar...

  • EUR: Attempt small longs at 1.4925; stop below 1.4800
    Comment: Knee-jerk reaction to buy the US dollar as well as the Yen may be wrong this time round. The whole of the Middle East may turn out to be a mess and all their currencies are pegged to the greenback. Hopefully trendline, Fibonacci and ‘cloud’ support will prop up the Euro over the coming weeks.

  • EUR: Attempt small longs at 1.4935; stop below 1.4800
    Comment: Hovering under this year’s high at 1.4994 and we shall watch closely to see whether the 9-day moving average will once again limit the downside. Small signs of instability, here and in several other currencies, so today may not be the day latecomers arrive at the party. Note that consensus opinion at the beginning of this month was that the Euro would weaken against the US dollar.

  • EUR: Attempt small longs at 1.4965; stop below 1.4800
    Comment: Rallying to a new high for this year at 1.4994 even sooner than we had hoped after closing at this year’s high yesterday. The Euro is only slightly overbought and the 9-day moving average gave it another leg up yesterday. While most elements suggest a break above the psychological 1.5000 level is imminent, caution is warranted because yesterday’s ‘hanging man’ candle shows signs of instability at current levels. Note that consensus opinion at the beginning of this month was th...

  • EUR: Attempt small longs at 1.5060; stop below 1.4800
    Comment: Even better than we had hoped, a fantastic ‘hammer’ against trendline and the Ichimoku ‘cloud’. This suggests an interim low just might be in place and we shall now re-test this year’s high at 1.5145. However, bullish momentum is almost nil at the moment so not quite as clear as we would like, and implied volatility should continue to pick up.

  • EUR: Possibly attempt longs at 1.4315; stop below 1.4200
    Comment: Totally boring as we mark time ahead of today’s US employment figures while trying to form an interim base against Fibonacci retracement support and the 200-day moving average at 1.4250. Momentum is zero and futures positions are being re-built at a painfully slow pace.

  • EUR: Possibly attempt small longs at 1.4120
    Comment: Finding support at the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low), ahead of the top of the weekly Ichimoku ‘cloud’. The Euro is very oversold but momentum is decidedly bearish for now. More good volume in the futures contract, and in the spot market, suggests many are being forced into positioning. Watch generally to see whether ‘risk avoidance’ now also includes avoiding the greenback.

  • EUR: Possibly attempt tiny longs at 1.4295; stop below 1.4175
    Comment: Mixed views on the US dollar as the Euro trades back down where it was last summer. The Weekly Ichimoku chart suggests a long position and we shall be watching to see whether it manages to stabilised against medium term Fibonacci retracement. Also watch the Lagging Span which might garner support from last summer’s candles.

  • EUR: Attempt longs at 1.3780
    Comment: Two consecutive ‘Harami’ patterns (opposite of engulfing two-candle pairs) Friday/Monday and Tuesday/Wednesday underlines the fact that potentially the sell-off in the Euro might be trying to reverse and/or stall. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week or next. Note that the Euro is no longer oversold and that bearish momentum has halved. Also very good futures volume hint that many a...

  • EUR: Attempt longs at 1.4470; stop below 1.4200
    Comment: Unwinding some of the nonsense of the last two weeks with room for more of the same. The Euro is no longer oversold and momentum has yet to turn bullish, so room for a variety of different views.

  • EUR: Attempt longs at 1.4495, adding to 1.4455; stop well below 1.4400
    Comment: Basing against Fibonacci retracement support and the 200-day moving average at 1.4250, as expected, and now set to test the 26-day moving average at 1.4561. Momentum has turned bullish and the Euro is not overbought.

  • EUR: Attempt longs at 1.4930; stop below 1.4800
    Comment: Incredibly neat consolidation whatever US policymakers have to say about their currency. It looks as though we are setting up for a re-test this year’s high at 1.5064, bullish pressure increasing fractionally if we hold above the 26-day moving average at 1.4842. Rising trendline and the Ichimoku ‘cloud’ should also provide support and suggest a long position for a break to new highs later on.

  • EUR: Attempt longs at 1.5085; stop below 1.4950
    Comment: Consolidating neatly, looking more comfortable above the psychological 1.5000 area. It is not overbought though trading very close to the all-time high on the ECB’s effective exchange rate. If not this week then this month we favour a break to a new high for this year, accentuated by thin markets.

  • EUR: Attempt longs at 1.5095; stop below 1.4950
    Comment: Same as it was yesterday: consolidating neatly, looking more comfortable above the psychological 1.5000 area. It is not overbought though trading very close to the all-time high on the ECB’s effective exchange rate. If not this week then this month we favour a break to a new high for this year, accentuated by thin markets.

  • EUR: Attempt small longs at 1.3585
    Comment: Reversing all of the previous day’s gains but not dipping to a new recent low. Expect it to try and base this morning and claw its way higher late today or tomorrow. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ on (hopefully) this week’s candle.

  • EUR: Attempt small longs at 1.3775
    Comment: A good-sized ‘bullish engulfing’ candle yesterday has sent the Euro up to test the collapsing 9-day moving average. Sentiment is so anti and it was so oversold that yesterday’s rally has seen bearish momentum halve. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.

  • EUR: Attempt small longs at 1.3865
    Comment: Capped by the 9-day moving average and we go back to watching for signs of attempting to base. The Euro is still very oversold though momentum is strongly bearish. Strategy: Attempt small longs at 1.3865; stop well below 1.3850. Short term target 1.4000, then 1.4180.

  • EUR: Attempt small longs at 1.3865
    Comment: Capped by the 9-day moving average and we go back to watching for signs of attempting to base. The Euro is still very oversold though momentum is strongly bearish. Strategy: Attempt small longs at 1.3865; stop well below 1.3850. Short term target 1.4000, then 1.4180.

  • EUR: Attempt small longs at 1.3970
    Comment: Trying to stabilise but very slow work as the Euro is many people’s pet hate. It is still very oversold though momentum is still strongly bearish. Strategy: Attempt small longs at 1.3970; stop below 1.3850. Short term target 1.4000, then 1.4180.

  • EUR: Attempt small longs at 1.4015
    Comment: Dropping below Fibonacci retracement support and the psychological level at 1.4000, but be careful because other currencies are not following suit (though of course the US Dollar Index is). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes. There is a chance that we will form a reversal candle (‘hammer’) today. Watch and wait patiently.

  • EUR: Attempt small longs at 1.4635; stop below 1.4575
    Comment: Trying to stabilise against the lower edge of the Ichimoku and retracement support. Slow work again today in increasingly thin markets. Strategy: Attempt small longs at 1.4635; stop below 1.4575. Short term target 1.4800, then 1.5000.

  • EUR: Attempt small longs at 1.4665; stop below 1.4575
    Comment: One of the biggest fortnightly pullbacks so far this year should send jitters down the spines of many. We see this as a normal correction in thin year-end conditions and the Euro will try and stabilise against the lower edge of the Ichimoku and retracement support.

  • EUR: Attempt small longs at 1.4900; stop below 1.4800
    Comment: Tricky with yesterday’s pullback hinting that we might consolidate under this year’s high at 1.5064 for another week. However, moving averages and the Ichimoku ‘cloud’ suggest a long position for a break to new highs later on.

  • EUR: Attempt small longs at 1.4915; stop below 1.4800
    Comment: Little to add as we consolidate neatly under this year’s high at 1.5064 and above the 26-day moving average. Rising trendline and the Ichimoku ‘cloud’ will provide support and suggest a long position for a break to new highs later on. In the meantime allow for more sideways work.

  • EUR: Attempt small longs at 1.4915; stop below 1.4800
    Comment: Consolidating neatly under this year’s high at 1.5064 and above the 26-day moving average. Rising trendline and the Ichimoku ‘cloud’ will provide support and suggest a long position for a break to new highs later on.

  • EUR: Attempt small longs at 1.4960; stop below 1.4800
    Comment: Despite intra-day nervousness the 9-day moving average has managed to limit the downside. No guarantees this will do the trick again today but a test of this year’s high at 1.5064 looks imminent. Obviously in order to break to new highs strong daily and weekly closes are needed, here and in a series of other currencies.

  • EUR: Attempt small longs at 1.4975; stop below 1.4800
    Comment: Consolidating neatly just under this year’s high at 1.5064 amid generalised US dollar weakness. The Euro is not overbought and bullish pressure has increased slightly, as should implied volatility.

  • EUR: Attempt small longs at 1.4990; stop below 1.4900
    Comment: Consolidating neatly just under this year’s high at 1.5064 and short term indicators are neutral. Though the Euro is not overbought we shall continue to allow for consolidation around 1.5000 for another week or two.

  • EUR: Attempt small longs at 1.5015, adding on a dip to 1.4950; stop below 1.4800
    Comment: Another new high for this year at 1.5061 with the 9-day moving average rising quickly. The Euro is slightly overbought and bullish momentum is fairly strong and might increase on a weekly close above the psychological 1.5000 level.

  • EUR: Attempt small longs at 1.5025; stop below 1.4900
    Comment: Little to add as we consolidate around the psychological 1.5000 after rallying strongly Friday. We see this as a potential interim low might be in place and we shall now re-test this year’s high at 1.5145. Record futures volume on Friday adds weight to this view.

  • EUR: Attempt tiny longs at 1.3700
    Comment: Suddenly everybody’s new pet hate as we retrace half of the rally from March to December 2009. Knee-jerk reactions to falling stock indices repeat what they ‘learnt’ in 2008. Be careful as repatriation is much less likely this time around. The Euro is terribly oversold and one-month at-the-money implied volatility has only just inched up from a potential new interim base just under 10.00%. Watch for signs of a dramatic reversal, so that we form a big ‘spike low’ either today...

  • EUR: Attempt tiny longs at 1.3715
    Comment: Everyone’s current ‘pet hate’ and though bearish momentum is still terribly strong it does smack of a very crowded trade with almost record futures volume. Be careful and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.

  • EUR: Attempt tiny longs at 1.3715
    Comment: Everyone’s current ‘pet hate’ and though bearish momentum is still terribly strong it does smack of a very crowded trade with almost record futures volume. Be careful and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.

  • EUR: Buy at 1.3625; stop below 1.3400
    Comment: Last week’s large ‘doji’ candle after the unstable ‘wedge’ formation of the last three weeks suggests an interim low might be in place, with a ‘spike low’ below the weekly Ichimoku ‘cloud’. The Euro is as oversold as it was in November 2008 and bearish momentum is at its strongest since December 2008. Watch for short-covering this week.

  • EUR: Buy at 1.4500, adding to 1.4455; stop well below 1.4400
    Comment: Basing against Fibonacci retracement support and the 200-day moving average at 1.4250, breaking to new recent highs, testing the 26-day moving average at 1.4541. Momentum has turned bullish and the Euro is not overbought. Good futures volume Friday on declining open interest suggest many have been wrong-footed by the latest little rally.

  • EUR: Buy at 1.4500, adding to 1.4455; stop well below 1.4400
    Comment: Consolidating neatly just above new recent highs, the upside currently limited by the 26-day moving average. Momentum is bullish and the Euro is not overbought. Price action over the last four days can be seen as a ‘pennant’ suggesting another burst higher this week with a measured target of at least 1.4720, maybe 1.4825.

  • EUR: Buy at 1.4540, adding to 1.4485; stop well below 1.4400
    Comment: Still struggling to close above the 26-day moving average at 1.4496. Momentum is bullish and might increase, pushed by a rising 9-day average. Other major currencies confirm, looking for a weaker USD.

  • EUR: Buy at 1.4835; stop below 1.4750
    Comment: Hovering below ‘channel’ support, trying to base against the top of the Ichimoku ‘cloud’ and retracement support, and yesterday’s ‘doji’ adds weight to this view. Should we hold above 1.4800 today expect a squeeze to 1.4900, and then probably more.

  • EUR: Buy at 1.4895, adding to 1.4845; stop below 1.4745
    Comment: Just one of many currencies hitting a new high for the year against the Euro. Yesterday’s close above 1.4800 suggests we have started the next leg of a long term rally; a weekly close above here would confirm. Bullish momentum is good though the Euro is overbought – but does anyone care?

  • EUR: Buy at 1.4955, adding to 1.4845; stop below 1.4745
    Comment: Pushing relentlessly higher as the reluctant are dragged in kicking and screaming. It is of course just one of many currencies hitting a new high for the year against the US dollar. Yesterday’s close above 1.4900 adds weight to our view that we have started the next leg of a long term rally; a weekly close above 1.4800 would confirm. Bullish momentum has increased a little again but the Euro is overbought. More of the same today.

  • EUR: Possibly attempt longs at 1.4295; stop below 1.4200
    Comment: Little to add as we struggle to try and form an interim base. The Euro is no longer oversold and momentum has yet to turn bullish, so room for a variety of different views. Strategy: Possibly attempt longs at 1.4295; stop below 1.4200. Short term target 1.4450.

  • EUR: Possibly attempt small longs at 1.3670
    Comment: This week’s ‘pet hate’ remains stuck between Friday’s low at 1.3585 and the 9-day moving average, no doubt to the frustration of the all-too many who relish the potential crumbling of the Eurozone. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week or next. Note that the Euro is oversold again though bearish momentum has halved.

  • EUR: Possibly attempt small longs at 1.3930
    Comment: Over the last month the Euro has lost ground against every single major currency except the Brazilian real – it is not indicative of what is happening generally in the FX market. We continue to watch for signs of forming an interim low this month. The Euro is terribly oversold and futures volume last week was close to a record high suggesting many are being forced out of core positions.

  • EUR: Possibly attempt small longs at 1.4390; stop below 1.4335
    Comment: Last week’s ‘spike high’ against the 26-week moving average at 1.4575 suggests the Euro will hold below here for at least another week despite all other elements of this chart suggesting a long Euro position. Unlikely to break above here today though a weekly close above 1.4500 might still be possible. Mixed at best today.

  • EUR: Possibly attempt small longs at 1.4425; stop well below 1.4400
    Comment: Still struggling to close above the 26-day moving average at 1.4496 and the 1.4550 area. Unlikely to break above here today though a weekly close above 1.4500 might still be possible. Mixed at best today.

  • EUR: Possibly attempt small longs at 1.4550; stop below 1.4500
    Comment: US dollar bulls getting very excited and many are calling for the greenback to strengthen throughout 2010. WE disagree and see this current pullback as corrective. Where we will stabilise in thin year-end markets is problematic but ought to be against retracement support.

  • EUR: Possibly attempt small longs at 1.4710; stop below 1.4600
    Comment: Below ‘channel’ support, trading in the middle of the Ichimoku ‘cloud’, though above retracement support and thereby confusing many. Knee-jerk reactions in thin year-end markets will probably rattle nerves. The idea that the US dollar is the ‘risk averse’ trade is risible.

  • EUR: Possibly attempt small longs at 1.4740; stop below 1.4620
    Comment: Good futures volume over the last five days as recent longs get stopped out on the break below 1.4680. The Euro has now bounced from Fibonacci and channel support at 1.4626 and likely to hold above here today. We continue to see the latest decline as corrective but are not sure where we will form an interim base.

  • EUR: Possibly attempt small longs at 1.4750; stop below 1.4650
    Comment: Hovering around Fibonacci support as we consolidate under this year’s high, wondering which exactly is this year’s currency of choice when leveraging or de-leveraging. Allow for more of the same today and slow work all week. At-the-money implied volatility might pick up this month.

  • EUR: Possibly attempt small longs at 1.4785
    Comment: Four consecutive alternating days thrashing around against Fibonacci and trendline support as we decide whether de-leverage will kick in. Allow for more of the same today and difficult work all week, with prices unlikely to hold quite so neatly between 1.4680 and 1.4860.

  • EUR: Possibly attempt small longs at 1.4875; stop below 1.4700
    Comment: Yesterday’s ‘bearish engulfing’ candle suggests we can ‘look forward’ to consolidation roughly between 1.4700 and 1.5050 for another two weeks. We continue to feel that at-the-money implied volatility should increase towards month-end.

  • EUR: Possibly attempt small longs at 1.4920; stop below 1.4800
    Comment: Even half-baked stockbrokers are becoming aware of the US dollar’s weakness, and the Treasury’s Geithner links the currency’s strength to times of fear and crisis. The Euro is slightly overbought so perhaps its time to take a breather today. A weekly close above 1.4800 would confirm that the next leg of the rally has started.

  • EUR: Possibly attempt small shorts at 1.4710, adding to 1.4760
    Comment: Better bid than we had expected as we consolidate above the 9-day moving average. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku ‘cloud’ and trendline support to move closer to the Euro. Until the Euro manages a daily (and preferably weekly) close above 1.4800 we cannot rule out another test of support between 1.4600 and 1.4400.

  • EUR: Possibly attempt small shorts at 1.4710, adding to 1.4760
    Comment: Stuck between this year’s high at 1.4845 (and a potential small ‘double top’) and above the 9-day moving average as weaker currencies are hit first. We shall continue to pencil in another week or two of consolidation which would allow the Ichimoku ‘cloud’ and trendline support to move closer to the Euro. Until the Euro manages a daily (and preferably weekly) close above 1.4800 we cannot rule out another test of support between 1.4600 and 1.4400.

  • EUR: Possibly attempt tiny longs at 1.3600
    Comment: Friday’s new recent low at 1.3532 is a small ‘spike low’ and badly-shaped ‘hammer’. We continue to urge extreme caution and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week. Note that the Euro is very oversold again and futures volume so far this month has been very strong.

  • EUR: Possibly attempt tiny longs at 1.3640
    Comment: Bearish momentum stronger than it has been since September 2008 means the Euro is testing the lower edge of the weekly Ichimoku ‘cloud’. It is also more oversold than it has been since November 2008 and suddenly everybody’s new pet hate. Good futures volume over the last two weeks also suggest a pell mell rush into the recent move and out of long held positions. Be careful and watch for signs of a dramatic reversal, so that we form a big ‘spike low’ probably this week.

  • EUR: Possibly attempt tiny longs at 1.3915
    Comment: Little to add as we struggle to try and form an interim base against Fibonacci retracement support and the 200-day moving average at 1.4250. Note that the Euro is lagging behind this month’s ‘darlings’ which are Aussie, Kiwi, Canada, Norway and now the Swiss franc.

  • EUR: Possibly attempt tiny longs at 1.3915; stop well below 1.3800
    Comment: Consolidating in a small rather nasty little ‘triangle’ below the top of a large Ichimoku ‘cloud’ and Fibonacci resistance. Moving averages are bullish yet the Euro has not managed to gather any upside momentum for weeks. As the lower edge of the Ichimoku ‘cloud’ drops towards 1.3200 over the next six weeks, allow for a shake-up of the complacent and a proper clear out. Later this year the Euro should strengthen so it might be a good idea to buy volatility for this period.

  • EUR: Possibly attempt tiny longs at 1.4365; stop below 1.4280
    Technical Analysis will be away until Monday the 4th of January Comment: Losing ground against the US dollar (and the Swiss franc), retracing 61% of the previous slow rally. The decline of the last three weeks feels very big in contrast to the grinding earlier rally, but is much smaller than the five consecutive down weeks starting in January this year. Where this correction will end is anyone’s guess in current painfully thin conditions, but we continue to watch (and hope) at Fibonacci leve...

  • EUR: Possibly attempt tiny longs at 1.4400; stop below 1.4280
    Comment: US dollar bulls getting very excited as we see the biggest correction since March. Where we will stabilise in thin year-end markets is problematic but ought to be against retracement support.

  • EUR: Possibly attempt tiny longs at 1.4870; stop below 1.4700
    Comment: Indecision with yesterday’s ‘doji’ candle. Bullish pressure might increase fractionally if we hold above the 50-day moving average at 1.4700. Strategy: Possibly attempt tiny longs at 1.4870; stop below 1.4700. Short term target 1.4900/1.4930.

  • EUR: Possibly attempt very small longs at 1.4060
    Comment: Stuck, for the time being, in a surprisingly small range just above the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes.

  • EUR: Possibly attempt very small longs at 1.4060
    Comment: Stuck, for the time being, in a surprisingly small range just above the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes.

  • EUR: Possibly attempt very small longs at 1.4080
    Comment: Currently capped at 1.4200 and retreating to re-test the 50% Fibonacci retracement from April 2009’s low (not October 2008’s low). One-month at-the-money implied volatility appears to have based around 10.00% and should now squeeze up to 13.50%. Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process.

  • EURJPY: Set To Breakout Of Its Symmetrical Triangle
    EURJPY: Set To Breakout Of Its Symmetrical Triangle - Having maintained a third week of upside gains following its failure below its triangle bottom at 130.24 and subsequent recovery

  • EURUSD
    Today’s trend: Downwards   Buy/Sell: Sell   Entry 1: 1.4390   Entry 2: 1.4440   Stop: 1.4490   Profit 1: 1.4290   Profit 2: 1.4230

  • EURUSD (1.3573)
    EURUSD almost touched its target at 1.3530 but was unable to break that level. We expect EURUSD to make another attempt towards 1.3530 and break that level which will also set its next target at 1.3400 level. Currently traders will focus on selling EURUSD on rise to retracement levels and sell EURUSD for a nice intra-day trade.

  • EURUSD (1.4257)
    EURUSD (1.4257)

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD below significant barrier at 1.4279 bears did initiate a negative trend by a sharp break. While candles remain below this level, look for selling possibilities. Bears are controlling the situation for now.{image "eurusd_20100120074140.jpg"}

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    Bears have enough strength to breakout by support level. Below support, look for selling possibilities. At the moment waiting action is better to take in order to confirm a possible breakout of significant barrier at 1.4048. While trend is negative, bears are controlling the situation.{image "usdchf_20100127072958.jpg"}

  • EURUSD Technical Analysis
    EURUSD trend line remains negative and not broken, bears are looking forward to test today support level. If bears can manage to break this level, further downside movement can be extended. Otherwise, a rebound is expected back to resistance barrier. For now, waiting action is better option.{image "Untitled_20100126073306.jpg"}

  • EURUSD Technical Analysis
    EURUSD bulls did bounce off by support level, however while trend line is still valid and not broken, bears are in better place for now. According to the recent bulls movement, lack of strength can initiate another bears downside slide. At the moment, waiting action with selling possibilities are better options to look into.{image "usdchf_20100125073149.jpg"}

  • EURUSD Technical Analysis
    EURUSD wide trading range is formed now between support and resistance barriers, trend remains negative. Even though bulls are trying to go for a reversal movement, bearish situation is strong enough to drag and decline price further downside. At the moment, waiting action is better to take while bulls calms down.{image "eurusd_20100122074015.jpg"}

  • EURUSD Technical Analysis
    {image "usdchf_20100128074554.jpg"}

  • EURUSD Technical Analysis
    Negative trend is extended by low bearish movement below support barrier. Even though bears are sliding downside, lack of confidence can initiate bulls price recovery. At the moment, look for waiting option with selling opportunities, but it should be done with a care.{image "usdcad_20100129073659.jpg"}

  • EURUSD Technical Analysis
    Negative trend remains active for this pair, support and resistance levels slided downside and at the moment lower range is created. Significant support barrier holds bearish side from further falling, at the moment waiting action is better option in order to confirm how strong support barrier really is. Look for selling possibilities below support barrier.{image "eurusd_20100204073014.jpg"}

  • EURUSD Technical Analysis
    Bulls did manage finally to break trend line, however below 1.4048 price level bears are still in good shape. Despite this bulls attempt to climb higher, bears are controlling the current situation. Look for selling possibilities below this barrier, but it should be done with a care for now.{image "eurusd_20100203074243.jpg"}

  • EURUSD Technical Analysis
    Negative trend remains strongly active. However, according to recent bulls attempt, they showed first signs of recovery. At the moment waiting action is better option in order to confirm bulls strength. If a trend line is broken, bulls have a chance to slide above 1.4048 price level.{image "eurusd_20100202073243.jpg"}

  • EURUSD Technical Analysis
      Ex-support 1.4048 and ex-resistance 1.4409 levels hold at the same places. Strong negative trend remains for this pair, at the moment short term upswings are expected. However, while downtrend holds, look for selling possibilities, but it should be done with a care for now. {image "eurusd_20100201073130.jpg"}

  • EURUSD Technical Analysis
    EURUSD bears have extended their negative slide and got more confidence below 1.4279 price level. While bears remain below this barrier, look for selling options. However, at the moment short term upswings are expected, but long term trend remains still negative.{image "eurusd_20100121074022.jpg"}

  • EURUSD Technical Analysis
    EURUSD, resistance level at 1.4466 holds bulls from further climbing towards next resistance barrier at 1.4540. Possible channel creation for now, it can be extended back to resistance barrier at 1.4466. At the moment waiting action remains and short term bouncing between current support and resistance levels is expected.{image "eurusd_20100119073859.jpg"}

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    Narrow trading range is formed for now, however bulls are looking forward to test resistance barrier. Above resistance, look for short term upswings. However, negative trend is still active and long positions should be considered. At the moment, waiting action is better to look for.{image "eurusd_20100209074523.jpg"}

  • EURUSD Technical Analysis
    Despite the recent bulls breakout by resistance barrier, negative trend is still valid. While trend line holds, bulls actions are limited. At the moment waiting action is better option in order to confirm further bulls strength.{image "eurusd_20100210074106.jpg"}

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    Bulls are trying to recover by shooting upside towards resistance level, however 1.3650 price level is strong enough to hold bulls from further climbing. Negative trend still remains for this pair, look for a possible rebound back to support barrier for now.{image "eurusd_20100222072510.jpg"}

  • EURUSD Technical Analysis
    Bulls finally did manage to break the trend line, however despite this action resistance barrier remains active. Below resistance level, bears side is more confident. According to the current trend, a rebound back to support level is expected.

  • EURUSD Technical Analysis
    Negative trend line still holds, however bulls are heading towards to reach new highs. Above trend line, bears are in danger. However in order to recover for bulls side, trend line needs to be broken. At the moment, waiting action remains to confirm a possible breakout.{image "eurusd_20100211072601.jpg"}

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD Technical Analysis
    EURUSD Technical Analysis

  • EURUSD bears remain in good shape
    Bulls couldn't manage to break current trend line, a rebound was initiated back to support level, look for selling options below support barrier while trend line remains active. Bears are controlling the situation for now.{image "eurusd_20100212072947.jpg"}

  • EURUSD breaks below the rising support trend line
    EURUSD breaks below the rising support trend line on 4-hour chart, suggesting lengthier consolidation of uptrend from 1.4484 is underway. Range trading between 1.4780 and 1.4966 is expected to follow, and a short term cycle bottom is expected to be formed above 1.4780 support. However, below 1.4780 will signal deeper decline to 1.4600 area. Key resistance is now at 1.4966, a break above this level will indicate that the uptrend from 1.4484 has resumed, then another rise towards 1.5100 could be s...

  • EURUSD broke above 1.4843
    EURUSD broke above 1.4843 previous high and reached as high as 1.4966 level, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Another rise towards 1.5100-1.5200 area is expected in a couple of weeks. Support level is now at 1.4650 and key support is located at the lower border of the rising price channel on daily chart, as long as the channel support holds, we'd expected uptrend to continue. However, the pair is presently facing resistance of the upper border of the price chann...

  • EURUSD broke above falling trend line
    EURUSD broke above the falling trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.4218 level. Range trading between 1.4218 and 1.4500 is expected in a couple of days. Critical resistance is located at 1.4500, as long as this level holds, the rise from 1.4218 could be treated as minor consolidation of downtrend from 1.5144, and another fall towards 1.4000-1.4100 is still possible after consolidation. However, a break above 1.4500 will indicate lengthier con...

  • EURUSD broke above price channel
    EURUSD broke above the falling price channel on 4-hour chart and traded in a range between 1.3531 and 1.3838. Lengthier sideways movement in the range would more likely be seen in a couple of days. The price action from 1.3585 is still treated as consolidation of downtrend from 1.4579. As long as 1.3838 resistance holds, one more fall towards 1.3400 area is expected after consolidation, and a breakdown below 1.3531 could signal resumption of downtrend. However, above 1.3838 will indicate...

  • EURUSD consolidates in a narrow range
    Being contained by 1.5062 previous high resistance, EURUSD consolidates in a narrow range between 1.4938 and 1.5048. As long as 1.4938 support holds, uptrend from 1.4626 will continue and further rise to 1.5200 is possible. However, below 1.4938 will indicate that a short term cycle top has been formed at 1.5048 level on 4-hour chart, then lengthier consolidation could take price to 1.4850-1.4900 area.{image "20091112_eurusd_1.gif"}

  • EURUSD continues its downward trend
    EURUSD continues its downward trend from 1.5144 and the fall extends further to as low as 1.4668 level. Deeper decline is still possible later today and target is to test 1.4626 key support, a breakdown below this level will indicate that the longer term uptrend from 1.3748 (June 16 low) has completed at 1.5144 already. However, next short term cycle bottom is nearing, consolidation would more likely be seen before breaking below 1.4626 level.{image "20091209_eurusd_1.gif"}

  • EURUSD continues its sharp moving
    EURUSD continues its sharp moving and the fall from 1.5062 extends to as low as 1.4693 level. Deeper decline is still in favor and next target would be at 1.4600-1.4650 area, and rebound is expected before breaking below 1.4600 level. Resistance level is now located at 1.4840, as long as this level holds, we’d expect downtrend to continue. However, above 1.4840 level will indicate that a short term cycle bottom has been formed and the downtrend from 1.5062 has completed.{image "20091029_eurusd...

  • EURUSD dropped sharply to 1.4218 level
    EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds, another fall could still be seen and next target would be at 1.4000-1.4050 area. However, above 1.4480 could indicate that a cycle bottom has been formed at 1.4218 and the fall from 1.5144 has completed, then the following uptrend could bring price back to 1.4600 or even higher...

  • EURUSD drops from 1.4194 level
    Being contained by the falling trend line on 4-hour chart, EURUSD drops from 1.4194 level. However, sideways movement could still be seen later today and one more bounce towards1.4250 resistance is still possible. Initial support is at 1.4029, a breakdown below this level could indicate that the downtrend from 1.4579 has resumed, then deeper decline could be seen to 1.3800 area.{image "20100127_eurusd_1.gif"}

  • EURUSD drops sharply from 1.4026
    EURUSD drops sharply from 1.4026 and reaches the lower border of the falling price channel on 4-hour chart. Minor consolidation of downtrend could be expected later today, however, another fall towards 1.3600 is still possible after consolidation. Resistance remains a the top of the price channel, only a clear break above the channel resistance could indicate that the fall from 1.4579 has completed.

  • EURUSD failed to test 1.5144 previous high resistance
    EURUSD failed to test 1.5144 previous high resistance, pullback towards 1.4900 zone to reach next cycle bottom on 4-hour chart would more likely be seen in a couple of days, however, a break below 1.5032 support is needed to confirm such case. On the other side, a break above 1.5144 level will signal resumption of longer term uptrend from 1.3748 (Jun 16 low), and then further rally is expected to 1.5200-1.5300 area.{image "20091204_eurusd_1.gif"}

  • EURUSD failed to test the key support at 1.4649
    EURUSD failed to test the key support at 1.4649 and rebounded from 1.4672 level, suggesting that the pair is back to range trading between 1.4649 and 1.4816. Initial resistance is at 1.4816, a break above this level will indicate that the uptrend from 1.3748 (Jun 16 low) has resumed, then further rise is expected to 1.5000 area. On the down side, key support remains at 1.4649, below this level will indicate that a short term cycle top has been formed at 1.4816 level on 4-hour chart and the short...

  • EURUSD formed a cycle bottom at 1.4266
    EURUSD has formed a short term cycle bottom at 1.4266 level on 4-hour chart. Bounce to 1.4500 area to reach next cycle top is expected in a couple of days. The price action from 1.4218 is treated as consolidation of downtrend from 1.5144 (Nov 25, 2009 high), another fall is still possible after consolidation and a breakdown below 1.4257 key support will signal resumption of downtrend.{image "20100111_eurusd_1.gif"}

  • EURUSD formed a cycle top at 1.4457
    EURUSD has formed a short term cycle top at 1.4457 level on 4-hour chart. Range trading between 1.4218 and 1.4457 is expected in a couple of days. As long as 1.4457 resistance holds, the price action from 1.4218 is treated as consolidation of downtrend from 1.5144 and one more fall towards 1.4100 is still possible after consolidation. However, a break above 1.4457 will indicate that the fall from 1.5144 has completed at 1.4218 already, then further rally could be seen to 1.4500 or even higher.{i...

  • EURUSD formed a short term cycle top
    EURUSD formed a short term cycle top at 1.5144 and dropped sharply to as low as 1.4828 last week. Range trading between 1.4801 and 1.5144 is possible in a couple of days. As long as 1.4801 support holds, the fall from 1.5144 is treated as consolidation of uptrend from 1.3748 (Jun 16 low), and another rise towards 1.5200-1.5300 area is still possible. However, below 1.4801 key support will indicate that the uptrend has completed at 1.5144 level already, then the falling downtrend could take price...

  • EURUSD is in consolidation by support level
    Negative trend is extended further downside, however concentration is formed by current support barrier at 1.3630 while resistance level holds at 1.4037. Wide trading range is created, however at the moment look for selling options just below support level. Breakout confirmation of support barrier is needed to continue bearish movement.{image "eurusd_20100208072927.jpg"}

  • EURUSD looking to continue its momentum
    EURUSD looking to continue its momentum

  • EURUSD looking to make it to 1.4000
      EURUSD is moving nicely towards 1.4000 level as predicted in our last two reports. Yesterday it took some retrace and gave traders another chance of selling EURUSD for 1.4000 level who might have missed out last time. Currently ay trader looking to enter will be eying an opportunity to sell EURUSD around 1.4144 level if EURUSD takes some minor retracement. Use of small trailing stop is not advised as the downward move is gradual and trailing stop might exit you earlier than expected.

  • EURUSD looking to resume trend
      EURUSD touched 1.3800 during retracement as discussed in our last report and as expected, it is looking to get back into its downward trend and head towards 1.3600 level, break of which will set 1.3450 as next target for EURUSD. RSI has also opened up after some retracement by EURUSD and it seems that it is all set to resume its trend. For those trades who missed on selling EURUSD just above 1.3800 level, they might get another chance before EURUSD takes a dip.

  • EURUSD might be forming a cycle top at 1.4579
    EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.5144 has resumed, then next target would be at 1.4000 zone. Resistance is at 1.4579, only rise above this level will suggest lengthier consolidation of downtrend is underway.For long term analysis, EURUSD has formed a cycle top at 1.5144 level on weekly chart. Fall towards 1.4000 area ...

  • EURUSD possible trend line breakout
    It looks like bulls are heading towards the trend line. Below trend line – negative zone remains. Above current trend – bears are in danger zone. Despite all these actions resistance level still holds bearish zone. However, at the moment waiting situation is better option with short term buying possibilities.{image "eurusd_20100216073629.jpg"}

  • EURUSD pulled back from 1.4816
    Being contained by 1.4843 previous high resistance, EURUSD pulled back from 1.4816 last Friday, suggesting that a short term cycle top is being formed on 4-hour chart. Key support is now located at 1.4649, a break below this level will confirm the cycle top and indicate that the uptrend from 1.4484 has completed, then the following downtrend could take price back to 1.4550 area. However, a break above 1.4843 previous high will suggest that the uptrend from 1.3748 (Jun 16 low) has resumed, then f...

  • EURUSD pulled back from 1.5019
    Being contained by 1.5062 previous high resistance, EURUSD pulled back from 1.5019, suggesting that a minor consolidation of uptrend from 1.4626 is on the way. Another fall towards the lower border of the rising price channel is possible later today. However, as long as the channel support holds, we’d expect uptrend to resume and further rise towards 1.5200 could be seen after consolidation. Key resistance is at 1.5062, above this level will confirm the resumption of long term uptrend from 1.3...

  • EURUSD pulled back from 1.5062
    Being contained by the upper border of the rising price channel on daily chart, EURUSD pulled back from 1.5062, suggesting that a cycle top is being formed. Further fall towards the bottom of the price channel is expected next week, a clear break below this channel support will indicate that the uptrend from1.3748 has completed at 1.5062 level already, then deeper decline is expected to test 1.4484 key support. However, as long as the channel support holds, another rise towards 1.5200 area is st...

  • EURUSD rebound back to support is confirmed
    Like it was stated in previous analysis a rebound back to support level is confirmed now. Look for more selling options below support barrier. Bears are confident enough in order to slide further downside.{image "eurusd_20100218071932.jpg"}

  • EURUSD rebounded from 1.4626 level
    After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in favor. Key support level is located at 1.4626, fall below this level will indicate that the uptrend from 1.3748 has completed at 1.5062 already, then the following downtrend could take price back to 1.4000 area.For long term analysis, EURUSD remains in long term bullish movement...

  • EURUSD runs in a rising price channel
    EURUSD runs in a rising price channel on 4-hour chart and continue its upward trend from 1.4484. Further rally is still in favor and next target would be at 1.5100 zone. Support is now at the lower border of the price channel, as long as the channel support holds, uptrend will continue. However, a breakdown below 1.4827 key support will indicate that the rise from 1.4484 has completed, then the following pullback will take price to 1.4700-1.4750 area.{image "20091022_eurusd_1.gif"}

  • EURUSD seems to have completed its retracement
    EURUSD took retracement towards 1.4180 level as expected and some brokers also filled the sell limit for us as well. The plan seems to stay the way it was pointed out last time and we expect that EURUSD will take an early dip during this week and we might see EURUSD touching 1.4000 level. RSI has opened up a bit after two days of retracement and seems to have set itself up perfectly for a move towards 1.4000 level.

  • EURUSD sharp slide below support
    Bears once again did manage to break the support level at 1.3860. Negative trend remains active and in order to recover for bulls, prices need to slide above support level and break the trend line. At the moment, while candles remain below 1.3860 - selling options are a on a table.{image "eurusd_20100205072732.jpg"}

  • EURUSD stays below a falling trend line
    EURUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5140, and the fall extends further to as low as 1.4218 level. Deeper decline is still possible and next target would be at 1.4150 area. Resistance is at the falling trend line on 4-hour chart now at 1.4325, as long as this level holds, we’d expect downtrend to continue. However, above 1.4325 could indicate that a short term cycle bottom has been formed and minor consolidation in a range between 1.4200 and 1...

  • EURUSD stays below a falling trend line
    EURUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5140. As long as the trend line resistance holds, downtrend could be expected to continue and next target would be at 1.4150-1.4200 area. Key resistance is now located at 1.4450, only rise above this level could indicate that a short term cycle bottom has been formed at 1.4261, then correction of downtrend could be seen to follow.{image "20091221_eurusd_1.gif"}

  • EURUSD stays in a rising price channel
    EURUSD stays in a rising price channel on 4-hour chart, and the price action in the channel is more likely consolidation of downtrend from 1.5144. Lengthier consolidation is still in favor and one more rise towards the upper border of the price channel is expected later today. Initial support is located at the bottom of the price channel and key support is now at 1.4257, a break below this level will indicate that the downtrend has resumed and another fall towards 1.4000 could be seen.{image "20...

  • EURUSD taking retracement
      EURUSD is taking some retracement after taking a good dip below 1.3600 level and we might see EURUSD making another move towards 1.3600 during this week but before doing so, we might see EURUSD heading towards 1.3800 level to take its retracement. RSI is also on the lower side and is pushing EURUSD upwards so some retracement was due. Once EURUSD completes its retracement, we might see another sharp dip by EURUSD. Currently a good selling level can be seen just around 1.3800 level.

  • EURUSD tested 1.4670 support yesterday and held so far
    News out from Bershire Hathaway just prior to the US open that they are buying Burlington Northern raised the S&P 500 futures off the morning lows. Look like good buying interest below 1030 that will most likely support prices going into Friday’s US nonfarm payrolls. Volume picking up over the last few days and we get the sense that a lot of players are now making adjustments to their positions coming into FOMC tomorrow and of course Friday’s US nonfarm payrolls. Regarding FOMC we expe...

  • EURUSD traded in a narrow range
    After breaking below 1.3585 previous low, EURUSD traded in a narrow range. Deeper decline is still in favor and next target would be at 1.3400 area. Resistance is at the upper border of the falling price channel on 4-hour chart and key resistance is at 1.3838, a break above this level will indicate that the fall from 1.4579 has completed at 1.3531 already, then the following bounce could take price back to 1.4000 or even higher.

  • EURUSD traded in a narrow range
    After breaking above the falling trend line on 4-hour chart, EURUSD traded in a narrow range between 1.4888 and 1.4999. A break above 1.4999 will confirm the the rise from 1.4801 is resumption of longer term uptrend from 1.3748 (June 16 low), then another rise towards 1.5200 is expected to follow. Support level is at 1.4888 followed by 1.4801, only fall below these levels could indicate that the pair remains in a larger trading range between 1.4626 and 1.5062 and lengthier consolidation in the r...

  • EURUSD traded in a narrow range
    EURUSD traded in a narrow range between 1.4218 and 1.4457 for several days. As long as 1.4457 resistance holds, downtrend from 1.5144 could be expected to continue and another fall towards 1.4000 area is still possible. However, a break above 1.4457 key resistance could indicate that a cycle bottom has been formed at 1.4218 on daily chart, and the fall from 1.5144 has completed, then further rally could be seen to 1.4600 or even 1.4700.For long term analysis, EURUSD has formed a cycle top at 1.5...

  • EURUSD will look for retracement
    EURUSD took a sharp dip, as expected, towards 1.4000 level but was just not able to make it to that mark. We might see EURUSD making another attempt towards 1.4000 level but before doing so, we expect some retracement by EURUSD. What traders will look now to is different retracement levels EURUSD has to offer. The fist interesting selling level can be see at 1.4180 and the second at 1.4280 level. Most traders might look for levels in between those two levels.

  • EURUSD's uptrend from 1.4626 extended to as high as 1.5020
    EURUSD’s uptrend from 1.4626 extended to as high as 1.5020. Further rise to test 1.5062 is possible later today. Support is now located at the rising trend line from 1.4626 to 1.4811, as long as the trend line support holds, we’d expect uptrend to continue, however below the trend line support will suggest a minor consolidation is under ways, then pullback to 1.4920-1.4950 is expected to follow.{image "20091110_eurusd_1.gif"}

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • Earnings Reports to Dictate U.S. Dollar's Direction
    Positive earnings reports are expected to continue to put pressure on the U.S. Dollar as traders continue to leave the safe haven currency for higher risk assets.    The EUR USD is trading higher this morning despite efforts from the European Central Bank and other Euro Zone members to weaken it with comments addressing their concerns about the possible negative effects on Euro Zone exports.  European Central Bank President Trichet said “excessive volatility” in currency rat...

  • Earnings!!!
    Tis the season folks. Will we have Santa or the Grinch. As we sit in this annoying 1060 to 1080 S&P 500 gap we are wondering if it will ever break out or will it simply fail and ultimately break down. We are going to get our answer very soon. Tonight the real earnings season begins. No more Alcoa's (AA) but the real deal economy stocks are here for review. There's a lot of good news built in thus these stocks better say s ome real good things or they will get hit. They need to beat on earni...

  • Easing Credit Woes Pressure Dollar
    The U.S. Dollar finished lower today against a basket of trade weighted currencies. The Greenback was under pressure all day and never quite recovered following an overnight announcement that Dubai received $10 billion in financing from Abu Dhabi to pay part of the debt held by the state-owned Dubai World.

  • Easing of Investor Risk Sentiment Supporting Equity Markets
    An easing of investor risk sentiment is helping to support equity price overnight. Early in the trading session, stock markets followed through to the upside following Friday’s strong finish and talk of a possible resolution of the fiscal problems plaguing the Euro Region. 

  • Economic Indicators
    Detailed Guide on forex economic indicators, the tools that are used when making a fundamental analysis of the online forex trading market.

  • Economist has expected a gain about 15.5% in October
    Good morning from Hamburg and welcome to our Daily FX Report. The positive economic data from China were responsible for the strong JPY. Furthermore we analyze the NZD. Anyway, we wish you a good day.

  • Employment Changes Worse than Expected
    Daily Review 07/01/2010 USD Dollar (USD) – The Dollar weakened against most majors owing to the ADP Employment Change that came out worse than expected showed that Companies in the U.S. cut an estimated 84,000 jobs in December, also ISM Non-Manufacturing PMI came out worse than expected at 50.1 vs. 50.5 forecast . NASDAQ decreased by 0.33% and Dow Jones rose by 0.02%. Crude oil traded near a 14-month high in New York as an industry report showed a decline in U.S. crude inventories, strengthen...

  • Employment
    Important employment indicators,ECI, the household and establishment surveys, and other indexes used for fundamental analysis for forex trading market.

  • Equities Expected to Open Higher as Appetite for Risk Returns
    U.S. equity markets are trading higher which should lead to a better opening this morning.  Demand for risk has returned to the markets, driven by a sharply lower Dollar.   Treasury futures are trading lower but losses so far have been limited.  Yesterday’s 5-Year Note auction was received positively by traders but overnight strength in equities and gold are helping to keep downside pressure on December Treasury Bonds and December Treasury Notes.  The decline could increas...

  • Equities Finish Down in Mostly Sideways Trade
    Equity futures traded inside of last Friday’s range before finishing lower for the day.  The mixed Dollar helped trigger a two-sided trade. The daily December E-mini S&P 500 held support at 1098.50 to 1093.50.  The December E-mini NASDAQ has support at 1779.00 to 1770.25.  A sell-off today could send the December E-mini Dow down to a retracement zone at 10357 to 10321.  The main trend turns down on a trade through 10205.

  • Equities Manage to Hold on to Weekly Gains despite Stronger Dollar
    Shortly after the release of the U.S. Employment Report, the December E-mini S&P 500 rallied to a new high for the year at 1119.00 just short of a major 50% level at 1122.00.  The subsequent break from 1119.00 found support at a short-term retracement zone at 1098.50 to 1093.50.  Buyers came in on the break to drive the market higher into the close, negating all possibilities of a daily or weekly reversal top.

  • Equities Poised to Open Steady to Better
    U.S. equity markets are called steady to better this morning.  The lack of follow-through to the downside following yesterday’s sell-off is triggering a short-covering retracement rally.  Earnings, bank fees and taxes are on the minds of traders today which could lead to limited gains.  The March E-mini S&P 500 is likely to stall following a rally to 1137.75. Yesterday’s break stopped inside of a short-term retracement zone at 1129.00 to 1124.50.

  • Equities Posting Modest Recovery; Treasury to Auction 10−Year Debt
    U.S. stock index futures are trading better overnight after the inability to follow-through to the downside following yesterday’s sell-off triggered a short-covering rally. The lack of fresh news regarding debt issues in Dubai and Greece is also encouraging traders to take on more risk.  There is nothing in the news that could change the opinions of traders about the developing short-term weakness in the markets.  This means that this current rally is likely only short-covering rath...

  • Equities Tread Water after Firm Opening
    U.S. Equity markets treaded water most of the session after a firm opening.  Once again a gap-higher opening during the day session in the stock indices failed to attract strong buying interest.  This was no surprise, however, as traders have backed away many times from chasing this market during its nine-month rally. The December E-mini S&P 500 stopped at 1118.00, just short of the high for the month at 1119.00 and below a major 50% price at 1122.00. A break under 1108.00 will in...

  • Equities Up as Holiday Shortened Week Begins
    U.S. equity markets are called higher after a strong turnaround on Friday.  The lack of any major economic events and calmer conditions in the market regarding European debt issues is helping to drive up demand for more risky assets.  Thin trading conditions means the possibility of violent swings. 

  • Equities Up as Traders Await Fed FOMC Statement
    Traders are confident the Fed will leave interest rates at historically low levels, but are undecided about the language the Fed will use to describe an exit strategy or an interest rate hike.  Investors want to know what the strategy will look like.  The main concern among investors is the Fed will act too soon to remove stimulus.  This is why the focus will be on what the Fed does with last month’s statement which said interest rates will remain low for an “extended period...

  • Equity Futures Feeling Pressure from Reduced Appetite for Risk
    U.S. equity markets are trading lower at the mid-session following a sell-off which began in Asia and Europe. The stronger Dollar is leading some investors to pare positions as traders become more averse to risk. Traders are trying to protect profits at the end of the year as chart patterns suggest there is more downside than upside potential at current levels. Earlier this morning, the December E-mini S&P 500 futures broke a retracement zone at 1098.50 to 1093.00 before stopping at 1087.75...

  • Equity Futures Plunge Triggers Flight to Dollar Rally
    A sharp break in the equity futures markets is helping to drive up the U.S. Dollar at the mid-session. Equity markets stopped going up after an early attempt by traders to take out last week’s highs fizzled. Money leaving the stock market went into the Dollar as traders sold currencies to pay back loans used to buy equities.The EUR USD popped to the upside overnight as a story out of China hinted that the Chinese should consider dumping Dollars for the Euro and Japanese Yen. The inability t...

  • Equity Futures Point toward Flat Opening
    U.S. Equity futures are trading sideways to lower after an attempt to reach a new high for the week overnight failed.  December E-mini S&P 500 futures made a high this week at 1112.00.  A breakout above this level could trigger a sharp rally to a major 50% price at 1122.00.  The weaker Dollar is expected to provide some support for higher yielding assets.  Contrarian traders will be watching to see if there is a divergence from this trading pattern.  This will signa...

  • Equity Futures Rally After Close
    U.S. equity futures are trading higher after the close following a better than expected earnings report from Intel.  Throughout the day the markets treaded water as traders were unwilling to commit heavily to either side prior to the release of the Intel figures.  Expectations are for upside momentum to build overnight, leading to a potential gap opening higher tomorrow.

  • Equity Futures Surge as Appetite for Risk Returns
    Renewed interest in higher risk assets is helping to drive up stocks and commodities while pressuring the U.S. Dollar and interest rate futures. Aggressive traders seem to be betting big that the Fed FOMC policy statement this afternoon will contain language stating that an interest rate hike is not likely until at least the middle of 2010.Stock indices are trading sharply higher although they have backed off there highs. The December E-min S&P came close to a 50% price objective at 1062.50...

  • Equity Index Traders Anticipating Return to Risky Assets
    Stock index futures are edging slightly higher ahead of this morning’s U.S. Third Quarter GDP Report.  The report is expected to show that increased consumer and government spending helped expand the economy for the first time in over a year.  Pre-report estimates are for this report to show an increase of 3.2%.  A Bloomberg survey shows the possible range of guesses at 2.0% to 4.8%.  The market will move on how much above or below 3.2% the actual number is reported. ...

  • Equity Market Support Continues to be Threatened
    U.S. equity markets are trading overnight and are expected to open slightly above near-term support.  The March E-mini S&P 500 broke an uptrending Gann angle at 1132.25 which has held as support since November 27th.  This is a sign of impending weakness. Short-term support is a retracement zone at 1129.00 to 1124.50.  Once this zone is broken, the next downside targets will be 1105.00 and 1095.00.  The fear of higher interest rates is helping to shift sentiment out of hi...

  • Equity Market Support Continues to be Threatened
    U.S. equity markets are trading overnight and are expected to open slightly above near-term support. The March E-mini S&P 500 broke an uptrending Gann angle at 1132.25 which has held as support since November 27th. This is a sign of impending weakness. Short-term support is a retracement zone at 1129.00 to 1124.50. Once this zone is broken, the next downside targets will be 1105.00 and 1095.00. The fear of higher interest rates is helping to shift sentiment out of higher risk assets.The shor...

  • Equity Market's called lower after Volatile Asian Trade
    U.S. equity markets are called to open lower after a volatile Asian trade triggered by a possible debt rating cut in Japan and another sign that China is serious about tightening its monetary policy.

  • Equity Markets Attempt Comeback but Finish Lower
    U.S. equity markets posted a strong recovery late in the trading session following a sharply lower market in the morning, but still managed to finish lower for the day.  The early session break was triggered by Bank of America which reported a huge loss.  Further weakness was fueled by worse than expected earnings report from General Electric.

  • Equity Markets Eke Out Small Gain in Choppy Trade
    Stock Index futures eked out a small gain in a choppy, two-sided traded.  The stronger Dollar was the driving force behind much of the early selling pressure.  The inability to break the Dollar in the afternoon triggered an intra-day short-covering rally in the equity markets into the close.  Conditions are close to being overbought which could mean that a pull-back may be in the offing.  Traders are also beginning to question whether the stock market is too far ahead of the...

  • Equity Markets Finding Support but Need Catalyst for Rally
    U.S. equity markets are trading slightly better at the mid-session, but seem to be lacking a catalyst to drive it sharply higher. An easing of investor risk sentiment helped to support equity prices overnight, but the lack of follow-through to the upside, helped limit early gains. Traders are hoping for more concrete evidence that a resolution has been reached regarding the deficit situation in the Euro Region.Appetite for risk is likely to rise once the situation in Greece stabilizes and the Eu...

  • Equity Markets Finish Higher in Choppy Trade.
    U.S. stock index futures finished higher today following a choppy, two-sided trading session.  This morning’s better than expected U.S. ISM Factory Report helped launch a strong rally, but buyers could not push the market higher.  After trading rangebound for a few hours, buyers finally gave in and the market dropped sharply as bids were pulled.  The market actually traded lower for the day at one point but quickly turned around before the close.

  • Equity Markets Finish Higher on Friendly U.S. Economic Data
    U.S. equity markets rallied late in the session to close above key retracement points as traders set aside their recent worries and returned from the sidelines. The markets opened firm then surged to the upside following a better than expected U.S. manufacturing report. Good news from the consumer side also helped to support the rally.

  • Equity Markets Flat Ahead of Jobs Data
    U.S. Equity markets are trading flat ahead of this morning’s jobs report.  A friendly U.S. Non-Farm Payrolls Report is likely to trigger a rise in stocks today as it will signal the economy is on the path to recovery. 

  • Equity Markets Flatten Out Ahead of U.S. Retail Sales Report
    Equity markets are flat as traders await this morning’s U.S. Retail Sales Report.  Based on previously released new motor vehicles sales and December Chain-Store Sales, traders should expect a healthy report.  Look for retail sales to grow by 0.4% and retail sales less autos to increase by 0.2%. Today’s jobless claims report should show an increase of 3K with a range of 400K to 450K.  

  • Equity Markets Plunge as Investors Pull Plug on Higher Risk Assets
    U.S. equity markets fell sharply from the opening today led by overnight weakness in Asian and European stock markets. Early this week, the U.S. markets shot up to a new high for the year, but have since struggled to regain upside momentum. U.S. investors are also questioning the valuation of stocks at current levels, given the state of the economy. Earlier in the week, Fed Chairman Bernanke talked about a fragile economy. This may have scared investors into thinking the weaker economy did n...

  • Equity Markets Plunge as Traders Dump Risky Stocks
    U.S. stock markets have accelerated to the downside after failing to hold key retracement zones. This is the first indication that investors are throwing in the towel on holding risky stocks. U.S. Bank shares are leading the way lower on growing concerns that Euro Zone financial institutions face exposure to toxic debt in Greece. Other traders are dumping financial stocks as a precaution against the possibility the Euro Zone debt issues will blow up into a full blown crisis. March Treasury Bo...

  • Equity Markets Rebounding after Last Week's Sell−off
    U.S. equity markets are expected to open better this morning following last week’s hard sell-off. Investors dumped stocks late last week as sentiment shifted toward less risky assets. The combination of a stronger Dollar, monetary tightening in China and a proposal by Obama to end financial institution prop trading weighed heavily on traders last week. While these conditions are expected to continue to linger this week, the bulk of the focus will be on the Fed FOMC meeting which takes place o...

  • Equity Markets Recover after Earlier Weakness
    U.S. Equity markets erased earlier losses triggered by a weaker than expected U.S. Non-Farm Payrolls Report. Traders were reacting to the fact that the U.S. employment situation is still indicating a weak recovery. The markets turned around, however, as investors saw the break as a buying opportunity. As the Dollar fell, traders bought up stocks as demand for higher risk assets picked up steam. Traders now feel that a hike in interest rates by the Fed is a long way off and the best investment op...

  • Equity Markets Set to Rebound After Sell−off
    U.S. Equity markets are expected to open slightly better following yesterday’s hard sell-off.  Bargain hunters are boosting equity markets overnight, but the tone has definitely turned a little more bearish since earlier this week.  The NASDAQ may lead the markets lower because of bad earnings news from RIMM.  Some investors expect the negative tone to lead to profit-taking selling pressure on other major technology stocks. 

  • Equity Markets Soar on Friday
    Daily Review 5/11/2009USD Dollar (USD) – With continues rally in stocks the Dollar weakened as investors wait for today's payrolls data. Weekly Jobless Claims showed the labor market has enhanced slightly, to 512K vs. 520K expected. Also, the Nonfarm Productivity came out 9.5% better than expected 6.4%. The Equity markets soared, the Dow Jones finished above 10,000 for the first time since late October. The NASDAQ jumped 2.40% and the S&P 500 rose 1.92%. Gold (XAU) ended at $1,090 an ounce...

  • Equity Markets Soften as Traders Reevaluate Long Positions
    U.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go.  U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels.  Some investors say that the current break is setting up another buying opportunity.  The bears will be watching Friday’s close for indications of a reversal top.  This could lead to the start of a 2 to 3 week correction.  Some bulls f...

  • Equity Markets Soften as Traders Reevaluate Long Positions
    U.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go.  U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels.  Some investors say that the current break is setting up another buying opportunity.  The bears will be watching Friday’s close for indications of a reversal top.  This could lead to the start of a 2 to 3 week correction.  Some bulls f...

  • Equity Markets Trade Flat Ahead of ADP Report
    Traders will be focusing on the U.S. ADP Report this morning.  The report is expected to show that the pace of jobs loss in the U.S. is slowing, bringing the economy closer to sustaining its current recovery.  The early estimate is for a job loss of 150,000 versus a loss of 203,000 in October.  A stronger than expected report will lead to an increase in risk appetite which should pressure the Dollar and help to rally stock indices.  Later this afternoon, traders will react t...

  • Equity Markets Trading Flat to Lower
    U.S. equity futures are expected to open flat to lower based on weak pre-market trading.  A shift in demand for higher risk assets early this morning is leading some traders to take a little money off the table. 

  • Equity Markets Weaken as Greece Downgrades Spooks Traders
    U.S. stock markets are expected to open lower based on weaker markets overnight.  Traders are taking risky positions off the table in response to another debt rating downgrade of Greece.  Traders now fear that the debt crisis could worsen in the Euro Zone and perhaps spread to U.S. banks.  This news is triggering a rally in the Dollar and subsequent weakness in the U.S. equity markets.  Today could be an ugly day in U.S. stock markets if enough traders decide to book profits...

  • Equity Traders Look for Higher Opening as Dubai Concerns Subside
    U.S. equity markets are trading higher this morning as concerns over Dubai issues subside. Traders are now downplaying the debt issues in Dubai and calling it a local issue.  This is helping to weaken the Dollar and increase demand for higher yielding assets.

  • Equity Traders Optimistic about Earnings after Today's Better GDP Number
    Today’s surge in the equity futures markets helped stocks recover close to 50% of their recent decline.  This move represents optimism about corporate earnings.  Traders should watch equity markets carefully after the huge run-up today.  The lack of follow-through to the upside could be a sign of weakness, giving traders an excuse to get short again.

  • Euribor – December 2009
    Comment: Almost record volume last week (and record for this contract on the 9th October), just behind that of the week ending the 7th June, suggest traders have not entirely grasped the dynamics behind this market; either that or blame it on those slashing two by one option spreads. Three-month Libor at 69 basis points today, well below the ECB’s target 1.00%, and unlikely to drop much further as year-end pressures start building and excess liquidity is not renewed after mid-November. Prices...

  • Euribor – December 2009
    Comment: The German Treasury yield curve has flattened (30/2 year by a not inconsiderable 50 basis points) as yields at the long end drop; this has come as a surprise to many and is making equity bulls nervous. Three-month Libor at 70 basis points today and becoming more costly to produce through the forwards, while futures contracts look top-heavy, stalling at the top of ‘wedges’ at record highs. Good volume on yesterday’s slip suggests we are due another of our periodical clear-outs. Al...

  • Euribor – December 2010
    Comment: The German Treasury yield curve is terribly steep as other maturities cannot keep up with Schatz yields which have dropped to a new record low at 0.958%; yesterday’s auction carried a coupon of 1.00%, the lowest ever and the ECB’s target rate. Euribor futures continue to post new record highs almost daily, and soaring open interest this month (on decent volume) in this Dec10 contract suggests many are hedging for year-end. We continue to feel that futures contracts will move towards...

  • Euribor – June 2010
    Comment: Struggling a little ahead of our first upside target at 99.150, prices dipping below the 9-day moving average for the first time since the beginning of January. The cash market is going nowhere fast. Once again this is seen as a futures buying opportunity for an eventual move to new record highs around 99.300/99.350 (contract highs for Dec09 and Mar10). Perhaps the front December contract has the greater upside potential.

  • Euribor – June 2010
    Comment: Schatz and Bobl futures rallied back up close to record highs as they reverse the nonsense suffered over Christmas. Very good volume in this futures contract last week, and rising open interest, suggest many are late to the party – Libor down to 0.615 this week and Euribor still 5 basis points over. Another tiny right-angled ‘triangle’ has been building over the last six working days and the 9-day moving average should cause an upside break imminently. We continue to favour a mov...

  • Euribor – June 2010
    Comment: Good to see that Euribor futures kept their cool despite Treasury yields backing up in thin year-end conditions; these moves in the Schatz and Bobls have started to reverse and should continue to do so. The March 2010 Euribor contract is trading at a new record high, through the ECB’s so-called target at 1.00%, and this one is trying to break above right-angled ‘triangle’ consolidation. The disconnect between the cash market, where Libor rates have been unchanged for ages, Treasu...

  • Euribor – June 2010
    Comment: Almost €200B parked overnight at the ECB gives the lie to the idea that the money market is getting back to ‘normal’. Euribor open interest the highest in almost two years suggests plenty of hedging as bankers ponder the ECB’s next move. Despite talk of removing some stimulus measures we feel this is still a very long way off. Therefore futures contracts will continue to creep towards Libor (and Eurozone three-month offered rates six basis points higher than London’s). Price ...

  • Euribor – June 2010
    Comment: Above average volume in all Euribor contracts last week suggest many are fretting over money and the Eurozone. Friday saw close to record volume in this front June one, suggesting many still haven’t grasped the fact that the ECB’s 1.00% target does not represent the floor to interest rates. Futures contracts should therefore continue to creep towards Libor, which in turn might inch fractionally lower. Price dips are still seen as buying opportunities for an eventual move to new rec...

  • Euribor – June 2010
    Comment: Treasury yields may have backed up this week but Index-Linked and front month money market futures are still priced for Armageddon. The supposedly ‘final’ one-year ECB tender yesterday saw another €96.9B injected into the banking system – while Mr. Trichet says he has started his carefully designed exit strategy. This Euribor contract is trying to break above ‘triangle’ consolidation and we still favour rallies to new contract highs in many Euribor futures, front September ...

  • Euribor – June 2010
    Comment: Five-year Bobls continue to outperform as investors opt for some yield rather than no yield. Last week’s volume in this contract was more than double the recent average, and volume across all contract months among the highest on record (and soaring open interest), suggesting many are belatedly realising that the target rate at 1.00% is not the floor for interest rates – the floor is currently 0.25%, the overnight deposit rate at the ECB. All eyes are on the supposedly ‘final’ o...

  • Euribor – June 2010
    Comment: Five-year Bobls still outperforming as investors very reluctantly move out along the yield curve. Record volume for this contract last week suggests money market dealers are also being forced to take defensive action. All eyes are on the supposedly ‘final’ one-year ECB tender on the 16th December. Mr Trichet should note the Bank of Japan’s 10 trillion yen stimulus package announced last week – almost twenty years after their super low interest policy was introduced. We still sh...

  • Euribor – June 2010
    Comment: Rallying through the ECB’s so-called target at 1.00%, propelled by a right-angled ‘triangle’ whose measured target is a minimum of 99.150 and more likely 99.300 (contract highs for Dec09 and Mar10). Interbank offered rates, having been stuck around 0.70%/0.75% for months, are edging lower – interestingly three-month Libor offered 5 basis points below the Eurozone’s 0.6825% (and can be produced via swaps for a lot less than that). We continue to favour rallies to new contract ...

  • Euribor – March 2010
    Comment: Slow work but Euribor contracts are trading higher, propelled by trendline and Ichimoku cloud support, the Lagging Span helped up by the 26-day moving average. Price action since September looks increasingly like ‘triangle’ consolidation and, being a continuation pattern, hints at a break to new contract highs this month – helped along by moving averages which have turned bullish. Central bankers will probably do anything to avoid the merest whiff of year-end pressures as seen ...

  • Euribor – March 2010
    Comment: Schatz yields have dropped more than others over the last fortnight but with benchmark two-year yielding 1.276%, double their US counterparts, we feel there is still room to drop further. Euribor contracts are trading very neatly, the latest small sell-off contained by trendline, cloud and Fibonacci support. Price action since September looks increasingly like ‘triangle’ consolidation and, being a continuation pattern, hints at a break to new contract highs next month. Moving aver...

  • Euribor – March 2010
    Comment: Having met the minimum downside objective of this year’s fourth and smallest corrective move lower, life gets more difficult. Despite moving averages being bearish we feel that the combination of trendline support and the bottom of the Ichimoku cloud will stem this latest small decline.

  • Euribor – March 2010
    Comment: Five-year German and US Treasuries outperforming as investors reluctantly move out along the yield curve, while index-linked paper is at or close to record low yields. An overdue reality-check for banks in thin market conditions but at the moment there is no way the ECB will let any bank run short of money over the year-end. What many believe to be the final one-year tender will be on the 16th December. ‘Too big to fail’ will have to be reviewed next year, with cash-strapped govern...

  • Euribor – March 2010
    Comment: The German Treasury yield curve flattened over the last week as investors realise short-dates have little room for manoeuvre the closer they get to zero. This move should continue and gather pace, US TNotes leading the way so that these eventually yield less than their German counterparts. Slowly, and on rising open interest, the Euribor money market is beginning to understand that the ECB’s 1.00% target is not the lowest level for interest rates, the deposit rate currently paying 0....

  • Euribor – March 2010
    Strategy: Attempt small longs at 99.190; stop well below 99.090. First target 99.250/99.320 and possibly a little more.

  • Euribor – Short Sterling Sep 2012 spread
    Comment: For over two years now investors and the money market have been wearing rose-tinted spectacles, anticipating economic recovery by the summer, eagerly spotting more and more swallows. For this reason red and green contract months have had a tendency to rally as time marches on, and hopes are dashed. At the moment we see no reason to change this view and shall allow for rates to stay ultra-low for a very long time. (Investors ought to look at the chart of the front month Euroyen contract...

  • Euro Bearish Break
    EUR The pre-planned break-out variant for sales was implemented with the achievement of main estimated target. OsMA trend indicator, having marked break-out of key supports by considerable sales activity rise and gives grounds to prefer bearish choice of planning of trading operations for today. On the assumption of it as well as considering ascending direction of indicator chart we can assume probability of rate return to Ichimoku cloud border at 1,4920/40 levels where it is recommended to eva...

  • Euro Bullish Potential Has Been Confirmed
    EUR

  • Euro Bullish Potential Rise
    EUR

  • Euro Bullish Potential Rise
    EUR The pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator having marked preservation of the tendency of strengthening of bullish party activity and gives grounds to keep the priority of buying positions planning for today. On the assumption of it, as well as of current signs of some rate overbought we can suppose probability of rate return to close 1,4880/1,4900 supports where it is recommended to evaluate the deve...

  • Euro Bullish Priorities Preservation
    EUR The pre-planned long positions from key supports were implemented with the achievement of minimal estimated target. OsMA trend indicator having marked the previous week top by the formation of topping bearish signal with further relative sales activity rise gives grounds to suppose further rate correction period with preservation of bullish direction priorities of trading operations planning for today. On the assumption of it we can assume probability of rate return to close 1,4660/80 suppo...

  • Euro Bullish Trend Correction
    EUR The estimated test of key supports has not exactly been confirmed but the tendency of activity fall of both parties marked by OsMA trend indicator gives grounds to preserve trading plans made before almost intact. Namely, we can assume probability of  testing of Senkou Span B line of Ichimoku indicator at 1,4820/40 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying ...

  • Euro Consolidation Before Further Rise
    EUR The estimated test of key supports was confirmed but with conditions for the implementation of preplanned buying positions. OsMA trend indicator, having marked close activity parity of both parties gives grounds to suppose further rate range movement favouring to buyers planning. Therefore, at the moment, as for opened long positions the targets will be 1,4980/90, 1,5010/20  and (or) further break-out variant up to 1,5060/80, 1,5140/60, 1,5200/20. The alternative for sales will be belo...

  • Euro Continues Falling
    EUR The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked preservation of fall in both party activity, as earlier, suggests petty correction in planning trading operations for today. Therefore, we can assume probability of another rate return to channel line 1 at 1,4270/90 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with...

  • Euro Declines Versus the Dollar
    Daily Review 30/12/2009 USD Dollar (USD) – The Dollar gained against most majors on speculations the stimulus plan will end sooner than expected due to better economic conditions. Consumer Confidence gained in December for a second month but came out slightly weaker with 52.9 versus 53 expected. NASDAQ and Dow Jones remained almost unchanged with -0.12% and -0.02% respectively, Crude Oil gained by 0.1% closing at 78.87$ a barrel, Gold (XAU) weakened by -0.9% closing at 1098$ an ounce. Today, C...

  • Euro Falls Against the Dollar
    Daily Review 17/12/2009USD Dollar (USD) – The Dollar gained massively across the board on the day the Federal Reserve decided to leave rates as expected at 0.25%. The Dollar rose after the announcement and continued its gaining after Asia markets opened. Earlier, the Building Permits came out 0.58M better than expected 0.57M. CPI came out unchanged as expected at 0.4%. Wall Street finished mix after being unable to hold in the positive side. Stocks turned to the negative after the statement of...

  • Euro Flat Uncertainty with Bullish Preferences
    EUR The pre-planned long positions from key supports were implemented with the achievement of main and minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties does not clarify the choice of planning priorities for today. Therefore, considering the suppositions of further rate range movement we can assume probability of rate return to Ichimoku cloud border at 1,4980/1,5000 levels where it is recommended to evaluate the development of the activity of bo...

  • Euro Flat after Moody's Downgrade
    The Euro is trading flat after Moody’s became the last of three major credit rating services to downgrade Greece’s debt.  Traders had been waiting for this downgrade and were not surprised by the news.  Although this last downgrade is out of the way, traders are not optimistic about the Euro.  Many feel that further downgrades of other sovereign debt are likely.  Spain and Portugal remain targets of the credit rating agencies.  There may be a relief rally, now that ...

  • Euro Flat as Traders await Details on Greece Rescue Deal
    The EUR USD is trading flat to lower this morning as traders await details on the Greece rescue plan. Traders seem a little more confident this morning now that a pact has been reached. This is helping to stabilize the Euro and keep it from breaking further. Once the details of the actual decision are released, this market should rally as fresh buying and short-covering should drive it higher.

  • Euro Is still Sold
    EUR The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked parity of both party activity in the bigger picture, gives grounds for supposition of probable rate range movement, however, with priority of planning sales for today. Hence and considering current indicator chart direction, we can assume reaching 1,4760/80 levels, where it is recommended to evaluate the development of the activity of both parties ...

  • Euro Overbought Is Not the Obstacle for Break−out of Historical Extremes
    EUR The pre-planned break-out variant for buyers was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked activity fall of both parties that considering the chosen strategy does not clarify the choice of planning priorities for today. Nevertheless, considering probability of keeping of the current tendency we can assume probability of rate return to close 1,4820/40 supports, where it is recommended to evaluate the development of the activity of both parties ...

  • Euro Overbought Sets Decline Delayed
    EUR The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering ascending direction of indicator chart, we can assume probability of reaching channel line 1 at 1,4380/1,4400 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the cha...

  • Euro Overbought Sets Delay of Rate Fall
    EUR The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked preservation of low activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement, we can assume probability of rate return to 1,3960/80 levels, where it is recommended to evaluate the development of the activity of both parties in ac...

  • Euro Overbought and Mixed Perspectives
    Euro Overbought and Mixed Perspectives

  • Euro Overbought with Expectations of Bullish Break
    EUR The pre-planned long positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preservation of bullish party activity in the bigger picture, gives grounds favoring choice of buying in planning trading operations for today. At this point, considering sign of rate oversold, we can assume probability of rate return to close 1,4940/60 supports, where it is recommended to evaluate the development of the activity of both part...

  • Euro Overbought with Preservation of Bullish Potential
    EUR The estimated test of key supports for implementation of the pre-planned long positions has not been confirmed, but low activity of both parties combined with a mere short-term priority of bearish party, marked by OsMA trend indicator, gives grounds for preservation of earlier designed trading plans practically unchanged. Namely, we can assume probability of rate return to close Ichimoku cloud borders contained in 1,4920/40 levels, where it is recommended to evaluate the development of the ...

  • Euro Overbought. Prospect Is not Clear
    EUR The earlier opened and held short positions have the positive result, however, considering signs of rate oversold, it is recommended to fix the profit. At this point, considering fall in activity of both parties, we can assume probability of rate range movement with return to close border of Ichimoku cloud at 1,4120/40, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on cond...

  • Euro Oversold – Fall Delayed
    EUR The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity with preservation of bearish party priority, gives grounds for preservation of choosing sales in planning trading operations for today. Hence and considering bullish sign of indicator chart we can assume probability of rate return to channel line 1 at 1,4560/80 levels, where it is recommended to evaluate the development ...

  • Euro Oversold – Time to Reflect
    EUR The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked the result of break of key supports by formation of reversal bullish signal, nevertheless, considering absence of affirmative level of bullish counteraction gives grounds for preservation of sales priority in planning trading operations for today. Hence and considering signs of rate correction incompleteness, we can assume probability of rate re...

  • Euro Oversold Sets Delay of Rate Decline
    EUR The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of bullish reversal sign with further relative rise of buying activity, suggests probable rate correction period, however, with preserved priority of sales in planning trading operations for today. Therefore, at this point, considering bullish sign of indicator chart, we can assume probability of rate return to 1,4130/50 range, where it i...

  • Euro Oversold and Mixed Perspectives
    EUR The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated target. OsMA trend indicator, having marked the current week Low by sign of rate oversold gives grounds to suppose further rate correction period but with the preservation of sales priorities for planning if trading operations for today.  On the assumption of it as well as considering ascending direction of indicator chart we can assume probability of rate return to ...

  • Euro Oversold and Perspectives Uncertainty
    EUR The pre-planned break-out variant for sales was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked close activity parity and considering the chosen strategy gives grounds to suppose further rate correction period but with the preservation of sales priorities for planning if trading operations for today.  On the assumption of it as well as considering ascending direction of indicator chart we can assume probability of rate return to close 1,4760/80...

  • Euro Pokes Through 1.5000 Without Much Fanfare
    The EUR USD finally poked through the psychological 1.5000 barrier after several attempts failed earlier in the week.  Traders took the “toe in the water” approach as this priced was reached because of the fear of a major seller up above.  Traders have been reluctant to buy the Euro at current levels because they fear a verbal intervention by the European Central Bank.  Earlier in the week, the ECB expressed concerns about the rise in the Euro and its possible detrimental eff...

  • Euro Range Trading
    EUR The pre-planned break-out variant for buyers was implemented and the achievement of estimated target is supported by bullish activity progress marked by OsMA trend indicator ay the break of key resistance range levels. At the moment, considering descending direction of indicator chart we can assume probability of rate return to close Ichimoku cloud border at 1,4800/20 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of ...

  • Euro Remains under Pressure on Uncertainty over Greece Rescue Plan
    The U.S. Dollar remained under pressure at the mid-session as the lack of concrete news regarding the European Union’s plan to guarantee Greece’s debt caused investors to remain nervous. The Dollar received an additional boost when Fed Chairman Bernanke hinted that the Fed’s exit strategy included raising interest rates. Since the EU has failed to announce that an agreement has been reached with Greece, traders have been focusing on the testimony of Fed Chairman Bernanke for direction.All ...

  • Euro Returns to Lost Bullish Positions
    EUR The pre-planned break-out variant for buyers was implemented and the achievement of estimated targets is supported by relative bullish activity rise marked by OsMA trend indicator at the break of key resistance range levels. At the moment, considering descending direction of indicator chart, in general outlook we can assume probability of rate return to close 1,4780/1,4800 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the chart...

  • Euro in Contracting Range
    EUR The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked in the bigger picture preservation of parity of both party activity and as earlier does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement we can assume probability of rate return to close 1,4910/30 supports, where it is recommended to evaluate the devel...

  • Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000
    Comment: We underestimated the need for US dollars when de-leveraging; we now feel that investors are now more carefully assessing currency needs and preferences. Having already reversed a lot of last year’s losses, admittedly in very thin conditions, we feel the Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000. Late in Q2 we expect the Euro to strengthen some more, to 1.5500 and hopefully by then one-month at-the-money implied volatility wi...

  • Euro−Bund future – Dec 2009
    Comment: Benchmark yields are again testing pivotal levels: Schatz 1.25%, ten-year 3.25% and 30-year 4.00%. It is just a matter of time before these drop to this year’s lows, breaking out of the relatively tight band established early this summer. The combination of Fibonacci and channel support, the rising Ichimoku ‘cloud’ and candles supporting the Lagging Span, stemmed the futures contract’s decline last week as hoped. Friday’s close at 121.90, the highest weekly one since early Oc...

  • Euro−Bund future – Dec 2009
    Comment: Benchmark Schatz yields seem to have got the message, easing from this month’s high at 1.470% to 1.330% (though there is still plenty of room to catch up with their US and Swedish counterparts which are yielding 1.000% a record low 0.680% respectively). This Bund futures has retraced more than we had allowed for yet the move is undoubtedly corrective. Hopefully the combination of Fibonacci and channel support, plus the rising Ichimoku ‘cloud’, will stem the decline despite yester...

  • Euro−Bund future – Dec 2009
    Comment: Yield curve flattening last week with Bobls being hit more than other maturities as yields back up. Increasingly important resistance at 123.00 in the Bund future, and the psychological 3.00% benchmark yield level, suggest prices will hold below here this week and possibly next one too. The contract is no longer overbought though bullish momentum is low. Expect it to form an interim base, probably around 121.50/121.00. This is seen as a buying opportunity for an eventual move higher so...

  • Euro−Bund future – March 2010
    Comment: Having unwound the nonsense caused during the holiday-thin fortnight beginning the 21st December, what next? Schatz are leading the way, currently approaching record highs and benchmark yields hover marginally above the record low just over 1.00%. Today the Bund is struggling with retracement resistance at the top of a large Ichimoku ‘cloud’ and prices might hover under here all week. Dips towards the bottom of the ‘cloud’ at 122.00 are seen as buying opportunities for a rally ...

  • Euro−Bund future – March 2010
    Comment: Schatz and Bobls are back up close to record highs, and the Bund should follow suit. Momentum has reversed dramatically over the last three weeks and though the contract is slightly overbought, all other aspects of daily and weekly charts suggest a long position. Note that market consensus probably does not support this view suggesting many will have to be dragged kicking and screaming into the fray. We continue to allow for moves to new record highs.

  • Euro−Bund future – March 2010
    Comment: With Schatz futures closing at a new record high, and Bobls not far behind, it comes as no surprise Bund futures were hauled up to close at their best since March 2009. Also interesting to see that 30-year paper has outperformed although the yield curve remains historically very steep. Though overbought, bullish momentum has increased slightly. On a break below 3.09% we expect benchmark ten-year yields to rush re-test last year’s record low at 2.85%.

  • Euro−Bund future – March 2010
    Comment: Little to add as prices hold at the same levels for a third consecutive week, slightly higher than September/October’s trading band. We continue to watch for a new interim low to form this month, followed by a rally to a new contract high in thin year-end conditions (especially between the 19th and 3rd).

  • Euro−Bund future – March 2010
    Comment: Understandably performing better than US TNote futures, retracing part but not all of the previous week’s gains. This has postponed but not changed our outlook for lower benchmark yields, here and for a series of other sovereign borrowers, around year-end. The Bund future is no longer overbought but bullish momentum has halved as lots of contracts are rolled over (highest weekly volume so far this year). Watch for a new interim low to form this month, followed by a rally to a new con...

  • Euro−Bund future – March 2010
    Comment: Thin year-end markets have seen yields back up and yield curves wriggle in the most extraordinary way; do not be tempted into thinking the medium and long term trends to lower rates have ended. Bund futures have dropped by more than we had allowed for but hopefully the decent weekly Ichimoku ‘cloud’ will stem the latest decline – note that the Lagging Span should also find support.

  • Euro−Bund future – March 2010
    Comment: Bobl, and more clearly Schatz yields, have recovered their poise but the Bund has yet to do so. Having dropped by more than we had allowed for the contract is trying to form an interim base against a decent weekly Ichimoku ‘cloud’, and note that the Lagging Span should also find support from the ‘cloud’ of 26 days ago.

  • Euro−Bund future – March 2010
    Comment: Interesting to see that Bobls and thirty-year Bunds outperformed over the last two weeks, while shorter dates fret as to what the ECB might have up its sleeve. Bobl futures managed their strongest ever monthly close on Friday, which will hopefully be enough to drag this Bund future decisively through trendlineresistance. Bullish momentum has eased slightly though the contract is slightly overbought. We expect benchmark ten-year yields to re-test last year’s record low at 2.85%.

  • Euro−Bund future –Dec 2009
    Comment: Strong weekly closes here and in Conf and TNote futures mark a break from the ranges that have held since July. For confirmation we shall watch benchmark yields to see whether they start holding at lower levels, possibly with JGB’s leading the way along with US five-year. Though overbought the need to roll into the March contract might keep momentum at its current very strong level in Bunds. We continue to favour another move higher into year-end.

  • Euro−Bund future –Dec 2009
    Comment: Last week’s pullback is undoubtedly corrective, another balk at the benchmark 3.00% level. From overbought the contract is now almost oversold and momentum is nil. Expect it to form an interim base, probably around 121.50/121.00, around short term Fibonacci support, helped by the rising Ichimoku ‘cloud’. Note also that the Lagging Span should gather support from the candles and Fibonacci support. This is seen as a buying opportunity for an eventual move higher so that yields coul...

  • Euro−Bund future –Dec 2009
    Comment: Very dreary that Bund futures are back down where they were the week before last – and within the range established since July. A marked preference for Schatz and Bobls mean these are trading at the higher end of this year’s ranges. We hope that the combination of Fibonacci and channel support and the rising Ichimoku ‘cloud’ will once again stem this futures contract’s decline.

  • Euro−Bund future –Dec 2009
    Comment: Such slow work as prices hold within the range established since July. It might be too late for this contract, but eventually the March 2010 one should break to new highs. Strategy: Attempt longs at 121.35; stop well below 120.50. Add to longs on a daily close above 122.00 and again above 123.00 for 124.00/124.60 before year-end.

  • Euro−Bund future –Dec 2009
    Comment: Dull as prices hold within the range established since July. We hope that the combination of Fibonacci and channel support, the rising Ichimoku ‘cloud’ and a potential ‘double bottom’ will eventually push this contract through key resistance at 123.04.

  • Euro's Dead Cross
    EURUSD's 50-day moving average has now fallen below its 100-day MA, which is referred to as a dead cross. As shorter duration moving averages (faster gauges of trend) move below their longer duration averages (slower gauges of trend), a downtrend is said to be confirmed. Momentum traders, trend-followers and black box programs will tend to trigger fresh moves as these major moving averages upon the trigger.

  • Euro. Price Range Is Getting Narrow
    EUR The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not give any grounds for the choice of planning priorities for today. Therefore, considering supposition of further rate range movement as earlier we can assume probability of another rate return to close 1,4860/80 supports, where it is recommended to evaluate the development of the activity of both parti...

  • Euro`s Way to the Top
    EUR The estimated test of key supports has been confirmed, but short-term tendency of sales activity strengthening, marked by OsMA trend indicator, did not appear to be a positive sign in implementation of the pre-planned buying positions. Therefore, considering absence of signs clarifying the choice of planning priorities for today in the bigger picture and considering supposition of rate decline incompleteness, we can assume probability of rate return to 1,5000/20 supports, where it is recomm...

  • Eurodollar Future – December 2010
    Comment: The Fed’s increase in the discount rate last night to 0.75% is seen as taking the spread between their borrowing and lending rates closer to ‘normal’. It may also signal dissent between FOMC members and act as a reminder to banks that eventually the lashings of money supplied by governments will be withdrawn. The problem for them is that the wholesale market is still dead. Eurodollar futures have dipped modestly on the news, correcting the overbought situation and erasing what li...

  • Eurodollar Future – June 2010
    Comment: The US yield curve is steeper than anything seen in the last thirty years, twos-tens at 278 basis points as compared to 1992’s peak of 250, and bankers are now being castigated for not lending. Meanwhile they are being urged to offload dodgy ‘assets’ into separate entities, re-build core capital, fund government fiscal black holes, encourage the public to save more money, be socially useful…one at a time please! Meanwhile the Fed correctly worries about what will happen when th...

  • Eurodollar Future – June 2010
    Comment: Understandably slow, cautious progress as front month Eurodollar contracts approach 100.00, delivery dates come closer and recovery hopes fade a little. The interbank market remains frozen, three-month Libor still offered at 0.25% and no money changing hands. Despite this consensus opinion in the latest Reuters quarterly USD interest rate poll of 50 bank economists sees rates moving higher, reverting to a more ‘normal’ level (benchmark US two-year TNote to 2.15% and ten-year to 4.2...

  • Eurodollar Future – June 2010
    Comment: Over the last two weeks the US yield curve has flattened marginally from record highs (2-year/thirty-year 377 basis points) as Treasuries unwind the nonsense perpetrated in thin year-end markets. TIPS are still well bid, yields currently close to record lows (1.625% 2018 now a whisker over 1.00%). Calendar spreads in Eurodollar futures have narrowed and should continue to move towards flat, and the price premium over Euribor futures should narrow too. President Obama has swapped his ol...

  • Eurodollar Future – June 2010
    Comment: As front month Eurodollar contracts continue to inch up towards 100.00, and red months to new record highs, the zero interest rate policy has done nothing to resuscitate the corpse that is the money market – today and for over a year. Libor rates are indicative only and money is not circulating. Traders should look to Euroyen futures price action between 2001 and 2005 to see what might lie in store for them here. Increasingly difficult to make any money out of these sort of price mov...

  • Eurodollar Future – June 2010
    Comment: Nothing to add since last week’s report and nothing happening in the cash market. Calendar spreads have narrowed again marginally and should continue to move towards flat - and the spread over Euribor futures should narrow too. Front month Eurodollar contracts should continue to push towards 100.00 in a series of painfully slow cautious rallies, punctured by periods of sideways consolidation with small dips. Traders should look to Euroyen futures price action between 2001 and 2005 to...

  • Eurodollar Future – June 2010
    Comment: The US yield curve is still incredibly steep, two’s against thirty-year Treasuries a record 379 basis points. For a market going decidedly nowhere it is most interesting to see Eurodollar open interest building steadily this year, suggesting more are hedging positions just in case. The crisis is still not over and what nasties might lie round the corner are anyone’s guess. Best to prepare for the worst appears to be the money market’s response.

  • Eurodollar Future – March 2010
    Strategy: Attempt small longs at 99.600; stop below 99.500. Upside target 99.680/99.725.

  • Eurodollar Future – March 2010
    Comment: Eurodollar futures retreated from record highs and the top of very large ‘wedge’ formations. This move appears to be caused by Euribor futures moving lower (flattening the yield curve further), a process that is likely to continue next week. Therefore we could see a clear-out of new recent longs, as prices alternate between painfully slow rallies and sudden slides. Expect a drop to trendline support and possibly the Ichimoku ‘cloud’, at which point a new interim low should form...

  • Eurodollar Future – March 2010
    Comment: Front month Eurodollar futures are holding up well though red ones edged a little lower because they have more room to manoeuvre. Hints of year-end worries have crept into market psychology, but so far have had little effect on prices. Technically this contract is holding in a ‘triangle’ at the apex of a very large ‘wedge’, giving mixed signals. It is no longer overbought and momentum is still nil. We shall continue to allow for a small initial dip to trendline support and poss...

  • Eurodollar Future – March 2010
    Comment: Very mild year-end jitters see this contract consolidating under its record high of 99.680. We see this as consolidation prior to another small rally towards 99.750. Strategy: Attempt small longs at 99.590; stop below 99.500. Upside target 99.680/99.725.

  • Eurodollar Future – March 2010
    Comment: Front month Eurodollars and five-year TNotes have got the message: interest rates are likely to stay low for a very long time. Very low, so that we witness a one-off shift lower in the whole of the yield curves of the major currencies – not just in Japan. This futures contract has reached our upside target but as bullish momentum is very steady allow for an extension to 99.725. Front June and September contracts have a lot more upside potential. Remember though that as we approach 10...

  • Eurodollar Future – March 2010
    Comment: Eurodollar futures have proved remarkably resilient despite Euribor ones edging lower and Treasury yields backing up by more than we had expected. Technically this contract is holding in a tiny ‘triangle’ at the apex of a very large ‘wedge’, giving mixed signals. Is in no longer overbought but then again momentumis nil. We shall continue to allow for a small initial dip to trendline support and possibly the Ichimoku ‘cloud’, though note that this might be achieved by creepi...

  • Eurodollar Future – March 2010
    Comment: Money market futures remain well bid and US 2-year TNotes are getting used to the idea that they yield less than 1.00% (as do 2014 TIPS). Front Eurodollar and Fed Funds futures have sneaked up to new contract highs though liquidity in the European cash market remains dire. Technically this contract has broken above the top of a ‘triangle’ at the apex of a very large ‘wedge’, giving mixed signals. Moving averages and the Ichimoku ‘cloud’ are still very much in bullish mode. ...

  • Eurodollar Future – March 2010
    Comment: Investors appear to be as happy now with five-year TNotes as they are with two’s, so benchmark yields look set to test the pivotal 2.25% level. Front Eurodollar and Fed Funds futures have again inched up to new contract highs though the European cash market is as dead as a dodo. Technically this contract has broken above the top of a ‘triangle’ at the apex of a very large ‘wedge’, moving averages and the Ichimoku ‘cloud’ are still very much in bullish mode. It ought to fo...

  • Eurodollar Future – March 2010
    Comment: Eurodollar futures have taken on board the new reality – that ultra-low interest rates are likely to be with us for a very long time – even front Dec rallying for six consecutive weeks despite trading perilously close to 100.00. Front Sep and red Dec still have plenty of room to move higher, and TNote yields should drop as investors are forced out along the yield curve. Caution is warranted as year-end pressures might emerge, or more likely just a dose of the jitters.

  • Eurodollar Future – March 2010
    Comment: The USD money market has shut up shop for the year, many only too glad to do so. The authorities have ensured that no one is cash-strapped, but that does not mean we are out of the woods. Open interest is down again following December’s expiry, now running at almost half 2007’s peak, underlining the rapidly shrinking balance sheets. If Japanese banks are to be allowed to re-build their capital bases over the next ten years, this process could continue indefinitely. Oh dear! This co...

  • European Financial Problems Fuels Equity Market Sell−Off
    U.S. stock indices sold off early in the trading session as fear swept through the markets. News that Greece’s budget problems could escalate along with Portugal sent traders into the Dollar and Japanese Yen and out of higher risk assets. Lower than expected U.S. economic reports also contributed to the weakness as traders liquidated positions in anticipation of a slowdown in the economy.  All three major indices reached major retracement zones on the downside which softened the break an...

  • Existing Home Sales Clumb to a 2 Year High
    Daily Review 26/10/2009USD Dollar (USD) – The Dollar strengthened versus all the majors after Existing Home Sales climbed to a 2 years high as homebuyers rushed to take advantage of a tax credit before it runs out. Purchases jumped by 9.4% to 5.57M more than the 5.37M forecast 5.09M prior. NASDAQ and Dow Jones decreased by -0.5% and -1.08% respectively, Crude oil weakened by 0.8% closing at 81.20$ a barrel, Gold (XAU) declined BY -0.2% closing at 1056.4$ an ounce. No economic data expected tod...

  • Expecting Bullish Break in Euro
    EUR The estimated test of key supports for implementation of the pre-planned long positions has not been confirmed, however, the result of previous trading day combined with priority in bullish party activity gives grounds for preservation of earlier designed trading plans practically unchanged. Namely, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 1,4900/20 levels where it is recommended to evaluate the development of the activity of both parties in ac...

  • Expecting Bullish Break in Euro
    EUR The pre-planned long positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked tendency of bullish activity strengthening combined with signs of rate overbought, gives grounds favoring bullish priority in planning trading operations for today. Therefore, considering current situation of bullish cycle incompleteness, we can assume probability of rate return to close 1,4880/1,4900 support levels, where it is recommende...

  • Expecting Bullish Break in Euro
    EUR The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, however, preservation of technical picture practically unchanged, gives grounds for preservation of earlier designed trading plans for today. Namely, we can assume probability of rate return to close 1,5000/20 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term b...

  • Expecting Drop in Euro to Continue
    EURThe earlier opened and held short positions did not have any positive result within the frames of the previous trading day. OsMA trend indicator, having marked formation of bearish reversal signal, still favors holding of open sales with the targets of 1,3900/20, 1,3840/60 and (or) further break-out variant up to 1,3780/1,3800, 1,3720/40, 1,3660/80. The alternative for buyers will be above 1,4020 with the targets of 1,4060/80, 1,4140/60.

  • Expecting Fall in Euro to Continue
    EUR The estimated test of key resistance range levels for implementation of the pre-planned short positions has not accurately been confirmed, and continuous fall in both party activity as the result of the previous trading day gives grounds only for petty correction to the earlier designed trading plans for today. Namely, we can assume probability of rate return to channel line 1 at 1,4320/40 levels, where it is recommended to evaluate the development of the activity of both parties in accorda...

  • Expecting Further Rise in Euro
    EUR The earlier opened and held positions had a positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy we can assume probability of further rate range movement with another test of 1,4440/60 support levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts...

  • Expecting for Resumption of Bearish Trend in Euro
    EURThe pre-planned break-out variant for sales has been implemented with attainment of anticipated targets. OsMA trend indicator, having marked essential rise of bearish activity at the break of key supports, suggests preference of choosing sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to borders of Ichimoku cloud at 1,3620/40 levels, where it is recommended to evaluate the development of th...

  • FOMC Meeting Minutes Shows Increase in Mortgage−Backed Securities
    Daily Review 15/10/2009USD Dollar (USD) – The Dollar was down versus most majors after FOMC's Meeting Minutes showed some members of the committee support increasing the mortgage-backed securities purchase program. Retail Sales came out -1.5% better than -2% expected. NASDAQ and Dow Jones gained by 1.51% and 1.47% respectively, Crude advanced by 0.63% closing at 75.65$ a barrel as demand rises. Gold (XAU) finished almost flat with -0.08% change, closing at 1063.0$ an ounce. Today, CORE CPI is ...

  • Forex Vs Equities
    Forex Vs Equities- Discover why forex is a more profitable choice in short and long term investments. Download forex trading platform software

  • Forex Versus Currency Futures
    Head-to-head comparison between futures and forex. Discover why the forex market is the best place to invest your money.

  • FX Thoughts for the Day
    USD-CHF @ 1.0384/89...Resistance at 1.0425 holding R: 1.0425 / 1.0485-0500 / 1.0520S: 1.0380 / 1.0320-00 / 1.0265 The Resistance at 1.0425 held during the day as expected and Swiss has come off from the high of 1.0423. It is now oscillating around the Support at 1.0380 for sometime. We expect the broader downtrend to remain intact and a strong break below 1.0380 might pull it down towards 1.0320-00 in the US session today. Note that the projected Max-Low for the day is 1.0325. Any sharp upmove ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0515/58...Might test 200-DMA Resistance once again R: 1.0543 / 1.0585 / 1.0660S: 1.0500-1.0480 / 1.0450-30 / 1.0385-55 After breaking below 1.050 and recording a low of 1.0476, Swiss has risen once again and is now trading above 1.050. A test of the 200-DMA (1.0543) Resistance might be seen in the US session today once again. Also failure to see a strong downmove below 1.0500 during the day, is keeping high chances of a break above the 200-DMA Resistance which might trigger fresh ra...

  • FX Thoughts for the Day
    USD-CHF @ 1.0490/95...200-DMA Resistance holding R: 1.0539 / 1.0572 / 1.0630S: 1.0480 / 1.0450-30 / 1.0365 Swiss is continuing to trade below the 200-DMA Resistance (1.0539) and it is now oscillating around the Support at 1.050. If it continues to trade lower, we might see a downmove in the US session today towards next significant Support seen in 1.0450-30 region. Note that the projected Max-Low for the day is 1.0451. On the upside a strong break above the 200-DMA (1.0539) might increase the c...

  • FX Thoughts for the Day
    USD-CHF @ 1.0475/78...Might test Resistance at 1.0520 R: 1.0500-20 / 1.0573 / 1.0635S: 1.0420 / 1.0380 / 1.0325-00 Swiss is continuing to trade higher. As mentioned earlier we might see a rise towards 1.0520. Note that the projected Max-High for the day is 1.0517. We might expect a pull back from this Resistance at 1.0520 towards 1.0400-1.0380. However, a strong break above 1.0520 might test the 200-DMA (currently at 1.0573) in the coming sessions. We will have to wait and watch the market to g...

  • FX Thoughts for the Day
    USD-CHF @ 1.0163/67...Ranged with bearish bias R: 1.0220 / 1.0270 / 1.0320S: 1.0130 / 1.0080 / 1.0050-30 The 55-DMA Resistance (1.0220) mentioned earlier, held very well during the day and Swiss has fallen from the high of 1.0218. The lower end of the range (1.0130-1.0220) in which it has been trading over the last couple of days might be tested in the US session today. As mentioned earlier a break below 1.0130 might pull it down towards 1.0050-30. Overall the pair is still within the range wit...

  • FX Thoughts for the Day
    USD-CHF @ 1.0190/93...Sell on rally R: 1.0200 / 1.0250-70 / 1.0330-60S: 1.0125-00 / 1.0050 / 1.00 Swiss is once again tested 1.0200 and is now trading near 1.0200. As metioned earlier a strong break above 1.0200 might take it up towards the next significant Resistance seen in 1.0250-70 region. As the broader picture remains bearish we expect this Resistance region 1.0250-70 to hold in the US session today. Note that the projected Max-High for the day is 1.0255. On the downside Support is seen i...

  • FX Thoughts for the Day
    USD-CHF @ 1.0593/98...Support in 1.0530-00 region R: 1.0665-80 / 1.0700-30 / 1.0851S: 1.0560 / 1.0530-00 / 1.0480 Swiss has broken and is now trading slightly below 1.06. However, it not showing much strength on its downmove below 1.06 and if it continues to trade below 1.06 we might see a downmove towards the Support in 1.0530-00 region which we expect to hold in the US session today. Note that the projected Max-High for the day is 1.0524.

  • FX Thoughts for the Day
     USD-CHF @ 1.0215/18...Ranged with bearish bias R: 1.0220 / 1.0270 / 1.0320S: 1.0130 / 1.0080 / 1.0050-30 Swiss is continuing to trade within the range and is now heading towards 1.0220, the upper end of the range which is also the 55-DMA. A breakout above the upper end of the range might take it up towards 1.0270. However, if 1.0220 holds, we might see a downmove once again towards 1.0130, the lower end of the range. On the downside a break below 1.0130 might pull it down towards 1.0050-3...

  • FX Thoughts for the Day
    USD-CHF @ 1.0258/61...Holding Short R: 1.0290 / 1.0330-50 / 1.0380S: 1.0250 /1.0200-1.0180 / 1.0130 The Resistance at 1.0290 is continuing to keep Swiss pressured on the downside. However, a break below the Support at 1.0250 was not seen during the day. As the broader picture continue to remain bearish, we expect the Resistance at 1.0290 to hold in the coming session and see a break below the Support at 1.0250. AS mentioned earlier a break below 1.0250 might pull it down towards 1.0200-1.0180. ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0698/0702...Might test the Support region 1.0630-00 before a bounce back R: 1.0775 / 1.0820 / 1.0880S: 1.0650 / 1.0630-00 / 1.0550 Swiss broke below the Support at 1.07 as expected and is now trading in a very narrow range of 1.0675-1.07 for some time. As mentioned in the morning we might see a downmove towards the Support in 1.0630-00 region initially in the coming sessions and then see a bounce back once again towards 1.08 or even higher in the coming days.

  • FX Thoughts for the Day
    USD-CHF @ 1.0738/41...Support in 1.0700-1.0680 region R: 1.0800-30 / 1.0880 / 1.0940S: 1.0700-1.0680 / 1.0630-00 / 1.0550 After continuing to trade below 1.08 and recording a low of 1.0717 during the day, Swiss has bounced back slightly and is now trading just below 1.0750. Though it is continuing to trade below 1.08 over the last couple of days, much strength is not seen on its downmove. As mentioned earlier, Support is seen in 1.0700-1.0680 region which we expect to hold in the US session and...

  • FX Thoughts for the Day
    USD-CHF @ 1.0691/94...Immediate Resistance in 1.0700-20 region R: 1.0700-20 / 1.0755 / 1.0800-20S: 1.0650 / 1.0625-00 / 1.0540 Swiss has risen during the day and is now trading just below 1.07. As mentioned earlier Support-turned-Resistance is seen in 1.0700-20 region, a break above which might see a rise once again towards 1.0800. However, if this Resistance in 1.0700-20 region holds, we might see a downmove towards 1.0625-00 which is a very significant Support region to watch for on the downs...

  • FX Thoughts for the Day
    USD-CHF @ 1.0796/99...The 100-Week-MA Resistance holding R: 1.0829 / 1.0883 / 1.0925-40S: 1.0780 / 1.0720-00 / 1.0630 The 100-Week-MA Resistance at 1.0829 held during the day and Swiss is trading in a narrow range of 1.0780-1.0826. However, failure to see a strong downmove below 1.08 is keeping up the chances of a break above this 100-Week-MA which might see further rise towards 1.0880-1.09 in the coming sessions. As mentioned earlier the significant levels to watch for on the upside above the ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0762/66...Might test the 1.0700-1.0680 Support region R: 1.0830 / 1.0881 / 1.0940S: 1.0700-1.0680 / 1.0630-00 / 1.0540 Swiss is continuing to trade below 1.08. Failure to see a break above 1.08 has now increased the chances of a downmov towards 1.0700-1.0680, which is the immediate Support region seen. However, the current upside momentum is expected to continue and we might see a bounce back once again towards 1.0800 from 1.0700-1.0680 Support region. Note that the projected Max-Lo...

  • FX Thoughts for the Day
    USD-CHF @ 1.0640/44...Holding Short R: 1.0675-1.0700 / 1.0765-75 / 1.0820 S: 1.0600 / 1.0550 / 1.0495-80 Swiss has fallen once again towards the Support in 1.0630-00 region during the day. As mentioned earlier, failure to see a sharp upmove and a break above 1.07 might keep the pair ranged between 1.06-07 for some time. However, if the current fall continues breaking below 1.06, we might see 1.0550 on the downside in the coming sessions. On the upside, a strong break above 1.07 might see a rise...

  • FX Thoughts for the Day
    USD-CHF @ 1.0733/37...Immediate Support at 1.07 R: 1.0790-1.0810 / 1.0880 / 1.0940S: 1.0700 / 1.0630-00 / 1.0540 Swiss continued to trade below the Resistance in 1.0790-1.0810 region and the Support at 1.07 was tested during the day as expected. It has risen slightly from the low of 1.07. As mentioned earlier, a break below 1.07 might see a downmove towards 10630-00 in the US session today. We might see a bounce back from 1.0630-00 once again towards 1.0800 in the coming sessions/days.

  • FX Thoughts for the Day
    USD-CHF @ 1.0360/63...Mixed R: 1.0365 / 1.0400-30 / 1.0480S: 1.0330 / 1.0280-50 / 1.0200 Swiss is continuing to trade silent in a narrow range of 1.0330-70. As no significant move on either side was not seen duirng the day our view continue to remain the same. Immediate Resistance is seen at the 21-DMA (currently at 1.0365). A strong break above the 21-DMA might see a rise towards 1.0400-30 in the US session today. On the downside Support is seen at 1.0330 a break below which might pull it down...

  • FX Thoughts for the Day
    EURO, JAP YEN and EURO-YEN---------------------------Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register

  • FX Thoughts for the Day
    USD-CHF @ 0.9970/73...Bearish R: 1.00 / 1.0050-75 / 1.0130S: 0.9920 / 0.9875-50 0.9755 Swiss traded below 1.00 during the day. It has broken and is trading just below the Support at 0.9975. The overall downtrend is intact and as mentioned earlier we might expect a dip towards 0.9875-50 in the coming days. Any sharp upmove is not looking likely now and we may expect it to trade below 1.00 in the US session today. However, if the pair gains upside momentum, then a strong break above 1.00 might ta...

  • FX Thoughts for the Day
    USD-CHF @ 1.0674/78...Support in 1.0630-00 region holding. R: 1.0700-20 / 1.0750 / 1.0800-10S: 1.0630-00 / 1.0550-30 / 1.0495 The Support in 1.0630-00 region held during the day and Swiss has risen once again. Immediate Resistance is seen in 1.0700-20 region which is holding since Tuesday's US session and keeping the pair ranged between 1.06-0720. With the Support region 1.0630-00 looking strong, we might expeect a break above this Resistance region (1.0700-20) in the US session today and see a...

  • FX Thoughts for the Day
    FX Thoughts for the day : 19-Feb-2010 - 1335 GMT EURO, JAP YEN and EURO-YEN---------------------------Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register

  • FX Thoughts for the Day
    USD-CHF @ 1.0283/84...Resistance at 1.0350 R: 1.0325 / 1.0350-80 / 1.0430S: 1.0275 / 1.0220-00 / 1.0120-00 Swiss has fallen from 1.0323. Failure to see a sharp move above 1.0300 is keeping up the pressure on the downside. Our view remains the same on the pair. On the upside Resistance is seen in the region 1.0350-80 which we expect to hold if any sharp upmove above 1.0300 is seen during the US session today. On the downside Support is seen in the region 1.0220-00. The overall picture continue t...

  • FX Thoughts for the Day
    USD-CHF @ 1.0453/58...Resistance region (1.0482-1.0502) held R: 1.0482-1.0502 / 1.0548 / 1.0572S: 1.0420 / 1.0380 / 1.0320 The Resistance mentioned earlier in 1.0482-1.0502 region was tested as expected during the day and Swiss has now come off from the day's high of 1.0503. Our view continue to remain the same on the pair. We expect the Resistance in 1.0482-1.0502 region to hold in the US session also. However, a break above 1.0502 might see a rise towards the 200-DMA (currently at 1.0548) whi...

  • FX Thoughts for the Day
    USD-CHF @ 1.0423/26...Trading near immediate Resistance region (1.0430-50) R: 1.0430-50 / 1.0500-20 / 1.0540-60S: 1.0385 / 1.0300 / 1.0260 Swiss has risen during the day and is now heading towards 1.0430-50 as expected. A strong break above 1.0450 might take it further up towards 1.0520. On the downside immediate Support is seen at 1.0385 a break below which might pull it down towards 1.0300. As mentioned earlier, We will have to wait and watch to see whether a pull back might be seen from the ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0302/06...Resistance in 1.0330-50 region R: 1.0330-50 / 1.0400-20 / 1.0480S: 1.0280 / 1.0244 / 1.0210-00 Swiss has risen from the day's low of 1.0252 and is now trading just above 1.0300. AS mentioned earlier Resistance is seen in 1.0330-50 region which we might expect to hold in the US session today. Note that the projected Max-High for the day is 1.0350. However, if 1.0350 is broken we might see 1.0400-20 on the upside once again. On the downside immediate Support is seen at 1.024...

  • FX Thoughts for the Day
    USD-CHF @ 1.0350/53...Resistance at 21-DMA (1.0360) R: 1.0360 / 1.0430 / 1.0480S: 1.0315-00 / 1.0280 / 1.0250 Swiss has risen during the day and is now trading in the Resistance region 1.0330-60. Note that 1.0360 is the 21-DMA (1.0360) which is resisting the pair for the last couple of days. A strong break above the 21-DMA might see further rise towards 1.0430 in the coming sessions. On the other hand if the 21-DMA Resistance continues to hold, we might see a downmove once again towards 1.0280-...

  • FX Thoughts for the Day
    USD-CHF @ 1.0331/34...Trading in Resistance region 1.0305-35 R: 1.0305-35 / 1.0380 / 1.0420S: 1.0270-55 / 1.0220 / 1.0180 Swiss has risen sharply mirroring the fall in Euro after a data release showed a decline in the German Investor confidence. It is now trading in the significant Resistance region 1.0305-35. A break above this Resistance region might see a rise towards 1.0420-50. However, if it holds we might see a downmove once again towards 1.0250-30 in the US session today.

  • FX Thoughts for the Day
    USD-CHF @ 1.0280/83...Bearish R: 1.0320 / 1.0350-65 / 1.0410S: 1.0257 / 1.0120-00 Swiss has fallen sharply after testing the Resistance at 1.0350 and is looking to move once again towards 1.0220. A break of this Support may call for a further fall towards 1.0100 over the course of next few days. The Resistance region at 1.0350-65 has held several times since the 3rd of October and hence increasing the importance of this Resistance making the pair even more bearish. The bearish would be at quest...

  • FX Thoughts for the Day
    USD-CHF @ 1.0255/57...Resistance in the region 1.0280-0300 R: 1.0280-0300 / 1.0330-50 / 1.0390-0400S: 1.0230-00 / 1.0160-50 / 1.0130-10 The Resistance region 1.0280-0300 continue to hold. Immediate Support is seen at 1.0230. A break below this Support (1.0230) and a further downmove breaking below 1.0200 would signal an end to the recent corrective rally and the overall downtrend would resume which might see a dip towards 1.0130-00 in the coming sessions/days.

  • FX Thoughts for the Day
    Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below------------------------------------------------------------- USD-CHF @ 1.0191/96...May fall towards 1.10 R: 1.0215-34 / 1.0265-68 / 1.0300S: 1.0132-1.0100 / 1.0008

  • FX Thoughts for the Day
    USD-CHF @ 1.0373/76...Immediate Support at 1.0360 R: 1.0440-60 / 1.0490-0510 / 1.0550 S: 1.0360 / 1.0320-00 / 1.0220 Swiss has fallen from the day's high of 1.0425 and is now trading lower below 1.0400. Immediate Support is seen at 1.0360. If this immediate Support at 1.0360 holds, then we might see a rise towards the Resistance seen on the weekly graph in 1.0440-60 region. On the other hand, a strong break below 1.0360 might pull it down towards 1.0320-00 in the US session today which would al...

  • FX Thoughts for the Day
    Morning Briefing : 17-Dec-2009 - 0335 GMT GOOD MORNING! EQUITIESTHe Dow (10441.12) and the Nasdaq (2206.91) ended flat after trading higher for most part yesterday. The Fed's comments yesterday did not spur enough confidence in the markets to take the Dow above 10500. The Fed said that the US economy was strengthening and the deterioration in the labour market was abating. It also mentioned that most of the federal aid shall be removed by Feb 1, 2010.

  • FX Thoughts for the Day
    USD-CHF @ 0.9990/94...Bearish R: 1.00 / 1.0050-75 / 1.0130S: 0.9980 / 0.9950-30 / 0.9875-50 Swiss is continuing to trade in a very narrow range in which it has been trading since the US session yesterday. As no significant move on either side was not see during the day also, our view continue to remain the same on the pair. The broader picture continue to remain bearish and we expect the Resistance in 1.0050-75 region continue to hold. On the downside a strong break below the immediate Support ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0023/27...Resistance in 1.0050-75 region R: 1.0050-75 / 1.0125-50 / 1.0180-0200S: 0.9980 / 0.9930 / 0.9875-50 Swiss is trading in a narrow range of 0.9994-1.0032. As no significant move on either side was not seen during the day, our view continue to remain the same on the pair. on the upside Resistance is seen in 1.0050-75 region which we expect to hold in the US session as the broader picture continue to remain bearish. However, a strong break above 1.0075 might see a rise towards...

  • FX Thoughts for the Day
    USD-CHF @ 1.0171/74...Resistance in the region 1.0185-0200 R: 1.0185-0200 / 1.0230S: 1.0100 / 1.0050-30 / 1.00 Swiss has risen sharply during the day and is now trading higher above the Resistance region 1.0130-50 which we expected to hold during the day. Immediate Resistance is seen in the region 1.0185-0200 which we expect to hold in the US session today as the broader picture continue to remain bearish. Also note that the pair has not see a strong break above 1.0200 for the last couple of we...

  • FX Thoughts for the Day
    Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below------------------------------------------------------------- USD-CHF @ 1.0184/87...Holding Short R: 1.0200 / 1.0247 / 1.0280S: 1.0100 / 1.0050-30 / 0.9980

  • FX Thoughts for the Day
    USD-CHF @ 1.0094/97...Holding Short R: 1.0100 / 1.0130-50 / 1.0180-0200S: 1.0050-30 / 1.0-0.9980 / 0.9950 Swiss continued its downmove during the day and has broken below the Support at 1.0100 metioned earlier. 1.0050-30 is the next significant Support region to be watched for, a strong break below which might see further dip towards 0.9980-50 in the coming sessions. Any sharp upmove is not looking likely now as the pair is remaining strong on the downmove and we expect the downtrend to continu...

  • FX Thoughts for the Day
    USD-CHF @ 1.0418/21...Resistance in 1.0480-95 reigon R: 1.0480-95 / 1.0535-50 / 1.0570S: 1.0395-80 / 1.0350 / 1.0300 After spiking and recording a high of 1.0482 during the day, Swiss has fallen once again and is now trading just above 1.0400. The Resistance 1.0480-95 region has held as expected and we expect it to hold in today's US session also as the pair is continuing to show less momentum on its upmove, although it is trading above 1.0400. Note that the projected Max-High for the day is 1....

  • FX Thoughts for the Day
    USD-CHF @ 1.0072/75...Holding Short. Tighten Stop. R: 1.0101-13 / 1.0134-35 / 1.0184-93S: 1.0031 / 0.9928 / 0.9886Dollar-Swiss did correct towards 1.0122 during the day beyond the Resistance zone indicated in the morning. It has however come down now after the second level Resistance of 1.0121-34 held on. It can now come down further towards the Projected Max Low for the day at 1.0031 during the US session as was mentioned in the morning.

  • FX Thoughts for the Day
    USD-CHF @ 1.0215/18...Resistance at 1.0280 R: 1.0220 / 1.0280 / 1.0330S: 1.0150-30 / 1.0100-0080 / 1.0050 Swiss witnessed a break above the Resistance at 1.0220 mentioned earlier which we expected to hold and recorded a high of 1.0244 during the day. It has fallen slightly and is now trading in the Resistance region 1.0200-20. If it continues to trade above 1.0200, we might see a rise towards the next significant Resistance seen at 1.0280. We will have to wait and watch the market whether the c...

  • FX Thoughts for the Day
    USD-CHF @ 1.0210/13...Mixed R: 1.0200-30 / 1.0280-0300 / 1.0350 S: 1.0160 / 1.0110-00 / 1.0070-50 The Resistance region 1.0200-30 mentioned in the morning edition held very well during the as and Swiss is continuing to trade in the range of 1.0165-0220. Failure to see a sharp upmove above the 55-DMA (currently at 1.0174) which was broken a couple of days back is still keeping the pressure on the downside. However, the pair is still looking mixed with 50-50 chances to move on either side. As men...

  • FX Thoughts for the Day
    USD-CHF @ 1.0237/40...Mixed R: 1.0280-0300 / 1.0350-70 / 1.0450S: 1.0230-00 / 1.0175-50 / 1.0120 Swiss fell during the day from 1.0281 and recorded a low of 1.0219. The Support in 1.0230-00 region has held and it has risen and trading above this Support region now. If it continues to trade above this Support region, we might see a rise towards 1.0330-50 over the next few sessions. On the downside a break below 1.0200 might pull it down towards 1.0175-50. The pair is now looking mixed with 50-50...

  • FX Thoughts for the Day
    USD-CHF @ 0.9998/1.0001...Narrowly ranged with bearish bias R: 1.0020 / 1.0050-80 / 1.0140S: 0.9975 / 0.9920 / 0.9875-50 Swiss is continuing to trade in a very narrow range. The pair has been remaining silent almost all through this week. Since no significant move on either side was not seen, our view continue to remain the same on the pair. On the upside Resistance is seen in 1.0050-80 region which we expect to hold during the day as the overall picture continue to remain bearish. However, a s...

  • FX Thoughts for the Day
    USD-CHF @ 1.0011/14...Bearish R: 1.0050-75 / 1.0130 / 1.0180-0200S: 0.9980 / 0.9950-30 / 0.9875-50 The Resistance region 1.0050-75 mentioned earlier is holding up the downside pressure and Swiss has fallen from the day's high of 1.0075. But, a break below the Support at 0.9980 was also not seen over the past couple of days. However, the broader picture continue to remain bearish and we may expect a break below the Support at 0.9980 and see a dip towards 0.9875-50 over the next few days. Any sha...

  • FX Thoughts for the Day
    USD-CHF @ 1.0010/13...Targeting parity R: 1.0070 / 1.0130 / 1.0180-0200S: 0.9980 / 0.9950 / 0.9876 Swiss is continuing to trade strong on the downside targeting parity. As mentioned earlier a break below 1.0030, might see further dip towards 0.9980-50 in the coming sessions/days. Any sharp upmove is not looking likely now. however a bounce back if seen from the current levels might see a rise towards 1.0130-50.  GBP-USD @ 1.6732/36...Rallies on Dollar's weakness R: 1.6750-56 / 1.6800 ...

  • FX Thoughts for the Day
    USD-CHF @ 0.1.0005/10...Resistance in 1.0030-50 region R: 1.0030-50 / 1.0080-1.0100 / 1.0145S: 0.9920-00 / 0.9880-60 / 0.9790 The Resistance region 1.0030-50 mentioned earlier held during the day and Swiss has fallen from the day's high of 1.0040. Our view continue to remain the same on the pair. We expect the Resistance in 1.0030-50 continue to hold. However, a break above 1.0050 might take it up towards 1.0080-1.0100. The broader picture continue to remain bearish and we might see a downmove ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0110/13...Resistance in 1.0180-0200 region R: 1.0130 / 1.0180-0200 / 1.0230S: 1.0050-30 / 0.9980-60 / 0.9875 After breaking above the Resistance at 1.0110-30 region and recording a high of 1.0176 during the day, Swiss has fallen once again and is now trading once again in the Resistance region 1.0110-30. If it continues to trade lower we might see a downmove towards 1.0050-30 in the US session today. The broader picture continue to remain bearish and we expect the Resistance in 1.0...

  • FX Thoughts for the Day
    USD-CHF @ 1.0253/56...Sell on rally R: 1.0300 / 1.0330-50 / 1.0370S: 1.0220-00 / 1.0175-50 / 1.0120 Swiss once again failed in its attempt made during the day to break above 1.0300. However, it is continuing to retain the range 1.0250-0300 in which it has been trading for some time. On the upside, a break above 1.0300 might take it up towards 1.0330-50. On the downside a strong break below the Resistance-turned-Support in 1.0220-00 region might pull it down towards 1.0175-50 in the US session t...

  • FX Thoughts for the Day
    USD-CHF @ 1.0241/45...Ranged with bearish bias R: 1.0300 / 1.0330-60 / 1.0420S: 1.0220-00 / 1.0175 / 1.0130 Swiss is still retaining the range of 1.0240-85 in which it has been trading since the US session yesterday. Our view continue to remain the same on the pair. On the upside Resistance is seen at 1.0300 a break above which might take it up towards the significant Resistance seen in 1.0330-60 region. Note that the pair failed to see strong break above 1.0300 in its attempts made over the la...

  • FX Thoughts for the Day
    USD-CHF @ 1.0458/61...Resistance in 1.0480-95 region R: 1.0480-95 / 1.0530 / 1.0570S: 1.0440-20 / 1.0370-50 / 1.0300 After continuing to trade within the Resistance region 1.0480-95 during the day, Swiss has fallen sligthly and is now trading just below the Resistace region. We may expect a downmove in the US session today towards 1.0440-20 which is the immediate Support region seen on the downside. A strong break below this Support region (1.0440-20) might increase the chances of further dip t...

  • FX Thoughts for the Day
    USD-CHF @ 1.0375/78...Ranged narrowly R: 1.0395 / 1.0450-70 / 1.0510S: 1.0335 / 1.0290 / 1.0220-00 Swiss continued to trade below the Resistance at 1.0395, but in a very narrow range of 1.0360-90 during the day. As no significant movement on either side was not seen during the day, our view remains the same on the pair. A break above the Resistance at 1.0395 might increase the chances of a further rise towards 1.0450. On the downside Support is seen at 1.0290 a break below which might see 1.022...

  • FX Thoughts for the Day
    USD-CHF @ 1.0293/97...Support at 1.0290 R: 1.0350 / 1.0395 / 1.0430S: 1.0290 / 1.0220-00 / 1.0150-30 Swiss has fallen during the day and tested the Support at 1.0290. It has risen slightly from the low of 1.0284 and is now trading just above Support at 1.0290. If this Support continue to hold, we might see a rise towards 1.0350-80. We expect the Resistance at 1.0395 to hold in the US session today. On the other hand a strong break below 1.0290 might pull it down towards 1.0220-00 on the downsid...

  • FX Thoughts for the Day
    USD-CHF @ 1.0479/82...Mixed R: 1.0480-95 / 1.0535 / 1.0560-70 S: 1.0450-40 / 1.0370-50 / 1.0300 Swiss is contnuing to remain silent and is continuing to trade above 1.0440 since the US session yesterday. As mentioned earlier 1.0480-95 is the significant Resistance region, a break above which might take it up towards 1.5035-65. On the downside, a strong break below 1.0440 might pull it down towards 1.0370 in the US session today. As mentioned earlier 1.0350-00 is the significant Support region s...

  • FX Thoughts for the Day
    USD-CHF @ 1.0424/27...Might test the Resistance region (1.0470-90) once again R: 1.0430 / 1.0470-90 / 1.0520S: 1.0380-60 / 1.0320 / 1.0250 Swiss is continuing to trade above 1.0400 but in a very a narrow range of 1.0400-30. If it continues to trade above 1.0400, we might see a rise once again towards the Resistance region (1.0470-90). A strong break above 1.0490 might take it up towards 1.0530-50 on the upside in the US session today.Remember, a weekly close above 1.0500 might signal a trend re...

  • FX Thoughts for the Day
    USD-CHF @ 1.0334/37...Holding Short R: 1.0350-65 / 1.0430 / 1.0470S: 1.0300 / 1.0255-30 / 1.0220-00 The Support at 1.0300 mentioned in the morning commentary held during the day and Swiss has risen from the day's low of 1.0293. As mentioned earlier, Resistance is seen in 1.0350-65 which we expect to hold as the broader picture continue to remain bearish. However, if it continues to trade above 1.0300 and gains upside momentum, a strong break above this Resistance region (1.0350-65) might increa...

  • FX Thoughts for the Day
    USD-CHF @ 1.0393/97...Might rise further R: 1.0415 / 1.0440-60 / 1.0510S: 1.0350 / 1.0325-00 / 1.0270 Swiss has risen sharply during the day breaking above the Resistance in 1.0350-65 region which we expected to hold. We got stopped out of our short position losing 90 pips during this sharp rise. If it continues to trade higher, we might see further rise towards 1.0440-60 in the coming sessions. Support is seen in 1.0325-00 region which we expect to hold in the US session today as the pair is l...

  • FX Thoughts for the Day
    USD-CHF @ 1.0486/88...Trading in the Resistance region (1.0470-90) R: 1.0470-90 / 1.0530 / 1.0570S: 1.0405 / 1.0380-60 / 1.0290 After trading in a narrow range of 1.0450-70 initially during the day, Swiss has risen and broke above the Crucial Resistance in 1.0470-90 region. However, it has now fallen slightly from the high of 1.0508 and is now trading in the Resistance region (1.0470-90). As mentioned earlier, a higher weekly close above this Resistance in 1.0470-90 region might signal a trend ...

  • FX Thoughts for the Day
    USD-CHF @ 1.0090/93...Resistance in 1.0160-80 region R: 1.0160-80 / 1.0220 / 1.0280S: 1.0050-30 / 0.9980 / 0.9950 After breaking above the Resistance at 1.0130 and recording a high of 1.0152 during the day, Swiss has fallen once again and is now trading lower. Our view continue to remain the same on the pair. Resistance seen in 1.0160-80 region which we expect to hold in the US session today as the broader picture continue to remain bearish. Note that the projected Max-High for the day is 1.019...

  • FX Thoughts for the Day
    USD-CHF @ 1.0090/95...Bearish R: 1.0170 / 1.0200-10 / 1.0280S: 1.0080-70 / 1.0050-30 / 0.9950 Swiss has fallen sharply during the day breaking below the Support at 1.0130 mentioned earlier. The overall downtrend is intact and we might see a downmove towards 1.0050-30, which is the significant Support region seen on the downside. A strong break below this Support region might trigger further downmove towards 0.9950 in the coming days. Any sharp upmove is not looking likely now. Resistance is see...

  • FX Thoughts for the Day
    Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below------------------------------------------------------------- USD-CHF @ 1.0230/34...Might rise towards 1.0300 ------------------------------------------------R: 1.0250 / 1.0280-0300 / 1.0387 S: 1.0200-0185 / 1.0155-35 / 1.0090

  • FX Thoughts for the Day
    USD-CHF @ 1.0228/31...Holding Short R: 1.0230-50 / 1.0280 / 1.0350S: 1.0150 / 1.0110 / 1.0050 The Support at 1.0150 mentioned in the morning edition held during the day and Swiss has risen sharply breaking above 1.0200. Significant Resistance is seen in the region 1.0250-70 which we expect to hold in the US session today as the broader picture continue to remain bearish. Note that the projected Max-High for the day is 1.0260.On the downside a strong break below 1.0150 might target 1.0 in the c...

  • FX Thoughts for the Day
    USD-CHF @ 1.0337/40...Holding Short R: 1.0355 / 1.0395 / 1.0430S: 1.0270-50 / 1.0200 / 1.0150 Swiss has risen sharply during the day breaking above the Resistance region 1.0250-80 which we expected to hold. The next significant Resistance is seen at 1.0355 (55-DMA). If it continues to trade higher, a strong break above the Resistance at the 55-DMA (1.0355) might increase the chances of a further rise towards 1.0450-0500 in the coming days which would also signal a trend reversal.

  • FX Thoughts for the Day
    USD-CHF @ 1.0185/89...Resistance at 1.0220 R: 1.0200-20 / 1.0250 / 1.0270-85S: 1.0150 / 1.0110-00 / 0.9965 Swiss has risen from the low of 1.0149 during the day. However, it was not able to see a break above 1.0200. The broader picture continues to remain bearish and we expect the Resistance at 1.0220 mentioned earlier to hold in the US session today. Incase if 1.0220 is broken, we might see a rise towards 1.0250-70.

  • FX Thoughts for the Day
    USD-CHF @ 1.0060/63...May achieve "parity" R: 1.0110-30 / 1.0160 / 1.0210-30S: 1.0000-0.9980 / 0.9880 / 0.9761 Swiss continued to trade below 1.0100 in a very narrow range of 1.0050-80 during the day. As no significant move on either side was not seen, our view remains the same on the pair. We expect the Resistance region 1.0110-30 to hold in the US session and might see it moving towards parity over the next few sessions. Support is seen in the region 1.0000-0.9980 a break below which might se...

  • FX Thoughts for the Day
    USD-CHF @ 1.0131/35...Ranged thorugh the day R: 1.0144-63 / 1.0181-90 / 1.0250S: 1.0065 / 0.9928 / 0.9886 Not much movement during the day. It has recorded a low of 1.0092 and has ranged since then. The Projected Max High has come down to 1.0181 and the pair looks bearish for a fall below the Projected Max Low at 1.0065.

  • FX Thoughts for the Day
    USD-CHF @ 1.0336/40...Might test the significant Support at 1.0280 R: 1.0380-90 / 1.0435 / 1.0480-1.0500S: 1.0320 / 1.0280 / 1.0220-00 Swiss has fallen from the high of 1.0419 and is now trading lower just above the Significant Support region 1.0320-1.0280. As mentioned earlier, a break below 1.0280 might pull it further down towards 1.0220-00 in the US session today. On the other hand if this Support region (1.0320-1.0280) continue to hold, we might see a rise once again towards 1.0430-50 in t...

  • FX Thoughts for the Day
    Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below------------------------------------------------------------- USD-CHF @ 1.0071/74...May acheive "parity"----------------------------------------R: 1.0062-88 / 1.0110-33 / 1.0174S: 0.9992 / 0.9886 / 0.9847

  • FX Thoughts for the Day
    USD-CHF @ 1.0238/41...Resistance at 1.0280 R: 1.0280 / 1.0347 / 1.0380-95S: 1.0220 / 1.0180 / 1.0150 Swiss broke below the Support at 1.0250 during the day. However a strong downmove below 1.0250 was not seen and it is trading in a very narrow range of 1.0225-50. Our view continue to remain the same on the pair. On the upside Resistance is seen at 1.0280 which we expect to hold in the US session today. However, a break above which might see a rise towards 55-DMA Resistance (currently at 1.0347)...

  • FX Thoughts for the Day
    USD-CHF @ 1.0175/79...Holding Short R: 1.0185-0200 / 1.0230-50 / 1.0285S: 1.0150 / 1.0100-0080 / 1.0050 The Resistance region 1.0185-0200 mentioned in the morning held during the day as expected. As any sharp move on either side was not seen during the day, our view remains the same on the pair. We expect the Resistance region (1.0185-0200) to hold in the US session also and the overall downtrend to continue. However, a break above 1.0200 might see a rise towards 1.0230-50.

  • FX Thoughts for the Day
    Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below------------------------------------------------------------- USD-CHF @ 1.0112/16...Resistance in the region 1.0135-60 R: 1.0135-60 / 1.0210-30 / 1.2080S: 1.0080 / 1.0050-30 / 0.9980

  • FX Thoughts for the Day
    USD-CHF @ 1.0142/45...Might dip towards 1.0100-0050 R: 1.0190-0210 / 1.0240-50 / 1.0280S: 1.0100 / 1.0050-30 / 0.9980 Swiss continued to trade lower during the day and has broken below 1.0150 thereby keeping up the overall downtrend intact. As mentioned earlier we might see a downmove towards 1.0100-1.0050 in the coming sessions/days. Any sharp upmove is not looking likely now. Resistance is seen in the region 1.0190-0210 which we expect to hold if any sharp rise is seen in the US session today...

  • FX Thoughts for the Day
    USD-CHF @ 1.0085/90...Holding Short R: 1.0100 / 1.0130-50 / 1.0185-0200S: 1.0050-30 / 1.000 / 0.9950 After falling and recording a low of 1.0065, Swiss has risen slightly and is now trading just below 1.0100. Our view continue remain the same on the pair. Any sharp upmove is not looking likely now. However, a strong break above 1.0100 might see a rise towards 1.0130-50 in the US session today.

  • FX Thoughts for the Day
    USD-CHF @ 1.0047/50...May achieve "parity" R: 1.0110 / 1.0150-70 / 1.0230 S: 1.00-0.9980 / 0.9888 / 0.9841 Swiss has broken on the downside of the range (1.0060-0110) in which it has been trading for sometime as expected and is now moving down towards parity. If the current strength on its downmove continues, we might see a dip towards 0.9900-0.9850 in the coming days/weeks. Any sharp upmove is not looking likely now. However, if a bounce back is seen from 1.0, we might see a rise towards 1.010...

  • FX Thoughts for the Day
    USD-CHF @ 1.0076/80...May achieve "parity" R: 1.0120 / 1.0150-70 / 1.0230S: 1.0050-30 / 0.9980 / 0.9920 Swiss is continuing to trade lower. Our view remains the same on the pair. If it continues to trade below 1.0100 we might see it moving towards parity in the coming sessions. Also if the current strength on its downmove continues we might see further dip towards 0.9850-00 in the coming days/weeks. However, Support is seen in the region 1.0050-30. If it holds and the pair gains upside momentum...

  • FX Thoughts for the Day
    USD-CHF @ 1.0161/65...Resistance in the region 1.0185-0200 R: 1.0185-0200 / 1.0230 / 1.0280S: 1.0150-30 / 1.0050 / 1.0005 Swiss is trading in a narrow range of 1.0140-75. As no significant move was not seen on either side, our view continue to remain the same on the pair. On the upside Resistance is seen in the region 1.0185-0200 which we expect to hold in the US session today and the overall downtrend to continue targeting 1.0 over the next few days. However, if the Support at 1.0150 continues...

  • FX Thoughts for the Day
    USD-CHF @ 1.0075/79...Inching towards parity R: 1.0140-50 / 1.0180-0200S: 1.0032 / 1.0000-0.9978 / 0.9850 Dollar-Swiss has fallen and is once again targeting to reach below parity on a break of 1.0032. Though there are good chances that this Support at 1.0032 might hold. But if it doesn't the pair could be targeting 0.9850 over the course of this week.

  • FX Thoughts for the Day
    USD-CHF @ 1.0170/73...Holding Short R: 1.0150-75 / 1.0210-20 / 1.0240-55S: 1.0120-00 / 1.0061 / 1.0008 Swiss has risen during the day and is now trading in the Resistance region 1.0150-75 mentioned earlier. A break above 1.0175 might take it up towards 1.0200-20 in the US session.

  • FX Thoughts for the Day
    USD-CHF @ 1.0203/06...Holding Short R: 1.0250-70 / 1.0330 / 1.0380 S: 1.0200-0180 / 1.0111 / 1.0008 The Resistance at 1.0280 mentioned earlier held during the day and Swiss has fallen sharply. It is now trading in the Support region 1.0220-00. As mentioned earlier, a break below this Support region, might see a dip towards 1.0120-00 over the next few days. Any sharp move on the upside is not looking likely now as the pair is looking strong on its downmove. However if 1.0200 holds, we might see ...

  • Forex Trading Interest Calculator Tool - Currency Trading Profits
    Calculate how much interest you gain or lose with our free forex interest calculator. Trade currency using this tool

  • Forex Trading Profit Calculator - Currency Trading Tools
    This is a FREE forex profit calculator that shows how much you can make from compounding your average pip gains, per month. Useful for anyone trading FOREX online

  • Faltering Stock Markets Fuels Turnaround in Dollar
    The inability of the U.S. stock market to hold on to overnight gains fueled a turnaround in the Dollar which erased gains in the Euro and British Pound. Early session gains were also pared in the Swiss Franc and Canadian Dollars but these currencies managed to remain positive at the mid-session.Overbought market conditions and reduced demand for safe-haven assets helped to weaken the U.S. Dollar overnight but this scenario was unable to trigger fresh buying in equities and gold once the U.S. mar...

  • Faltering Stock Markets Fuels Turnaround in Dollar
    The inability of the U.S. stock market to hold on to overnight gains fueled a turnaround in the Dollar which erased gains in the Euro and British Pound. Early session gains were also pared in the Swiss Franc and Canadian Dollars but these currencies managed to remain positive at the mid-session.Overbought market conditions and reduced demand for safe-haven assets helped to weaken the U.S. Dollar overnight but this scenario was unable to trigger fresh buying in equities and gold once the U.S. ma...

  • Fear Drives Investors Out of Gold and Stocks
    Fear over concerns about sovereign debt default and a worse than expected U.S. initial claims report helped to push commodity and stock markets lower on Thursday. Risk aversion drove investors toward safer, lower-yielding assets to the benefit of the U.S. Dollar.

  • Fear of Economic Slowdown Weakens Equities
    Fear that the economy may slow down led to a massive sell-off in equities this morning. Support failed in the stock indices after fresh money failed to show up after an early morning sell-off. This broke the pattern of the last two days and set the tone for a sizeable retracement.The same fear that is driving equities and commodities lower is helping to lower yields on Treasury Bonds and Treasury Notes. Because of the increased supply which is supposed to hit the market soon, expect this current...

  • Fed Keeps Target Lending Rate Near Zero
    Daily Review 26/01/2010 USD Dollar (USD) – The Dollar is consolidating moderate losses across the board on prospects the Federal Reserve will keep its target lending rate near zero to spur growth, pulling back after rising sharply last week. Existing Home Sales came out 5.45M worse than 5.95M expected. Wall Street finished with small gains after falling considerably last week. Dow Jones rose 0.23% and NASDAQ gained 0.25%. Commodities rose higher. Crude oil is back above $75 a barrel. Gold (XA...

  • Fed Outlook Adds to Greenback Strength
    Fed Outlook Adds to Greenback Strength

  • Fed Statement Does Nothing to Stop Demand for Higher Risk Assets
    The Fed FOMC committee decided to leave interest rates at historically low levels and issued a statement that said nothing to deter demand for higher risk assets.  It is now up to aggressive traders to take advantage of the thirty day free pass issued to them by the Fed’s inaction.  At this time the Fed is no closer to raising interest rates than it was last month.  This is potentially bullish news.  The currency traders recognized it, but equity traders seemed hesitant.

  • Federal Reserve Announces Global Recession Ending
    Daily Review 26/11/2009 USD Dollar (USD) – The Dollar fell across the board after the Federal Reserve said the global recession is reaching its end and signaled it will tolerate a weaker Dollar, which encouraged investors to buy riskier assets. Unemployment Claims came out batter than the forecast at 466K vs.500K forecast and New Homes Sales climbed more than forecast at 430K vs. 408K forecast. NASDAQ and Dow Jones rose by 0.32% and 0.29% respectively, crude oil jumped by 2.6% closed nearly to...

  • Fibonacci
    Using Fibonacci ratios forex trading can make trading much more efficient and effective. Read on and get to know how it is done.

  • Financial Market Fears Drive Stocks Lower
    U.S. stock indices sold off as fear swept through the markets. News that Greece’s budget problems could escalate sent traders into the Dollar and out of higher risk assets. Lower than expected U.S. economic reports also contributed to the weakness as traders liquidated positions in anticipation of a slowdown in the economy. All three major indices are currently trading inside of retracement zones. So what may appear as panic selling to some could actually be a normal retracement.The March E-mi...

  • Financial Trend Analysis Strategy: Long EUR/USD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBP/USD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBP/USD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USD/JPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Long USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short EURUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDCHF
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis Strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis strategy: Short GBPUSD
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Financial Trend Analysis strategy: Short USDJPY
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Moving Average Convergence Divergence (MACD) Simplified
    Learn About the Uses of the Moving Average Convergence Divergence Indicator in Forex Analysis and Statistics.

  • Firm Crude Oil Market Helps Trigger Late Session Equity Rally
    Stock index futures made new highs for the year as appetite for risky assets picked up late in the trading session.  The markets traded firm most of the day, buoyed by a better than expected U.S. Weekly Initial Claims Report.  After trading in a range throughout the midsession, upside activity picked-up following a better-than-expected oil inventory report sent oil stocks higher. 

  • First supports for the JPY are located at 85.31 and 84.74
    Good morning from beautiful Hamburg and welcome to the last Daily FX Report of this week. Right in time for the weekend it began to snow this night and increased our hope for white Christmas. However, we wish you a prosperous last trading day and a nice weekend.

  • Flat in Euro. Which Side Is Bound to Win?
    EUR The pre-planned break-out variant for buyers has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of parity of both party activity in the bigger picture, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement and taking into account bearish sign of indicator chart, we can assume probability of test of close supports 1,4860/80...

  • Flight to Safety Helps Boost U.S. Dollar and Treasuries
    The U.S. Dollar rallied for the fifth straight day and equities fell for the fourth straight day as investors blew out of higher risk, higher yielding assets.    Equity markets fell sharply as traders are cashing in on the six-month rally on the perception that central banks may begin to pull out of their stimulus programs.  A weaker than expected new home sales report also encouraged selling pressure as traders are now beginning to fear the possibility of a double-dip recession...

  • Forex Books
    Volatility Illuminated Title: Volatility Illuminated: Empowering Forex, Stocks, Options & Futures TradersAuthor: Mark WhistlerSynopsis: Why is Volatility Illuminated so powerful? Because Volatility Illuminated unlocks new and innovative information about indicator and information failure, volatility and probability, institutional order flow, mass, force, and energy...

  • Forex Books
    Sustainable Wealth {image "sustainablewealth-small1.jpg"}Title: Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption Author: Axel MerkSynopsis: Sustainable Wealth empowers you to achieve your financial goals by unleashing the shackles of debt, no matter how uncertain the future may be. Filled with in-depth insights and practical advice, this reliable resource illustrates how you can predict economic booms and busts before they happen, adapt to changing mark...

  • Forex Books
    The Quarters Theory {image "thequarterstheory-small1.jpg"}Title: The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method Author: Ilian Yotov Synopsis: An inside look at an innovative Forex trading system. The Quarters Theory improves and simplifies the decision-making process in foreign exchange trading through the use of a revolutionary new methodology applied to the price behavior of currency exchange rates and trend developments in the Forex market. This book provides cu...

  • Forex Books
    The Quarters Theory {image "thequarterstheory-small1.jpg"} Title: The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method Author: Ilian Yotov Synopsis: An inside look at an innovative Forex trading system. The Quarters Theory improves and simplifies the decision-making process in foreign exchange trading through the use of a revolutionary new methodology applied to the price behavior of currency exchange rates and trend developments in the Forex market. This book provides c...

  • Forex Trading Currency Converter Tool - Convert Your Trading Money
    Use Efficient Forex Trading Tools like our forex currency converter FREE to convert any currency with ease and comfort. More trading tools available

  • History
    Learn about the history of the Forex trading market. Discover how currency trading began

  • Forex Trading Margin Calculator Tool - Currency Trading Profits
    Free Forex Margin Calculator for easy use. Many more Forex trading tools and calculators available easy trading

  • Forex Speculators Betting Big on Bullish Fed Statement
    The U.S. Dollar is trading sharply lower at the mid-session against most currencies with the exception of the Japanese Yen. Speculators are betting big that the Fed FOMC statement will indicate there still is time to buy higher risk assets before the Fed begins tightening. The EUR USD is trading higher after breaking out over downtrending resistance at 1.4783 and a 50% price at 1.4776. Both of these prices are now support. The charts indicate 1.4873 to 1.4918 are the next upside targets. Specu...

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Technical Analysis on Majors
    Forex Technical Analysis on Majors

  • Forex Traders await Key U.S. GDP Data
      The Employment Cost Index is a measure of total employee compensation costs, including wages and salaries as well as benefits. Since the U.S. economy has become so sensitive to jobs related data, this report may carry some additional weight today. Last month’s report showed a rise in the index of 0.4%.  This month, the range of this report is projected at 0.4% to 1.5% with the consensus at 0.4. Traders expect to see that continued high employment and salary freezes have kept emplo...

  • Forex trading articles
    Forex trading articles

  • Forex trading articles 1
    Forex trading articles 1

  • Forex trading articles 2
    Forex trading articles 2

  • Forex trading articles 3
    Forex trading articles 3

  • Forex trading articles 4
    Forex trading articles 4

  • Forex trading articles 5
    Forex trading articles 5

  • Forex trading articles 6
    Forex trading articles 6

  • Forex trading articles 7
    Forex trading articles 7

  • Forex trading articles 8
    Forex trading articles 8

  • Forex trading introduction
    Online forex trading is explained in the very basic details. Basic information about online forex trading market.

  • Choose a Forex Site
    Choosing the right Forex trading website is more important than you think and it factors in many sides that needs to be thought of. here you will find the top and most important forex trading elements to consider.

  • Forex Trading Pivot Point Calculator Tool - Currency Trading Profits
    Use our pivot point calculator for free for calculating forex pivot points. Trading software downloads and trading tools

  • Forexpedia
    Browse our comprehensive glossary of foreign exchange trading terms to study a quick and easy introduction into the world of foreign currency trading.

  • Friendly Jobs Data Underpins Equity Markets
    U.S. equity markets mounted a strong recovery following the news that the unemployment rate dropped unexpectedly. Although the number of jobs loss was greater than forecast, the improvement in the jobless rate helped confirm that the economy is on the road to recovery. Fear over sovereign debt issues in the Euro Region most likely limited gains.

  • Friendly U.S. Economic Reports Underpin Stocks
    Traders looking for pre-holiday selling pressure in the equity markets today received a surprise when better than expected initial claims and durable goods reports helped underpin the markets while driving prices to their highest levels this week.

  • Friendly U.S. Manufacturing Data Weakens Dollar
    A friendly U.S. Manufacturing report is helping to weaken the Dollar at the mid-session by driving up demand for higher yielding assets.The Dollar opened the first trading session slightly better but a strong surge in U.K. and China manufacturing data helped to pressure the Dollar overnight. These two better than expected reports triggered renewed interest in demand for higher risk assets.The daily chart pattern in the EUR USD suggests the first upside objective over the short-term remains 1.468...

  • Basics of Fundamental Analysis
    Discover the world of Forex market analysis beginning with currency trading Fundamental Analysis.

  • Further Euro Bullish Trend Correction
    EUR The estimated test of key supports levels was confirmed but relative bearish activity rise marked by OsMA trend indicator did not incline to the implementation of pre-planned sales positions. At the moment, considering the current situation as activity parity of both parties we can assume rate range movement with testing  of Ichimoku cloud orders at 1,4840/60 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shor...

  • Further Euro Bullish Trend Overbought
    EUR The pre-planned break-out variant for buyers was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties as it was before does not clarify the choice of planning priorities because of the risk of sharp changing of technical outlook favouring to one of any parties. Therefore, keeping to the principle of probable preservation of the current tendency we can assume probability of rate return to close 1,4910/20 suppo...

  • Futures Analysis
    The U.S. Dollar is losing ground against most major currencies this morning as traders adjust positions following last week’s shift in sentiment out of higher yielding assets and this week’s slew of key economic reports and central bank meetings.

  • G−7 Fails to Assure Investors about Euro Zone Risks
    The U.S. Dollar had a volatile trade overnight with a slight bias to the downside. Profit-taking was highlighted last night as traders turned a little positive that a solution was going to be reached regarding the escalating deficit issue in Greece.  Overbought technical factors even helped to weaken the Dollar.  Rumors swirled overnight that a solution had been reached to shore up Greece’s finances. These most likely began following a positive comment by French Finance Minister Chr...

  • G10 FX: CAD Outperforms, While JPY Lags
    The clear outperformer was CAD, up 0.77% versus USD, while the clear underperformer was JPY, down 0.48% versus USD. DXY – Sitting on new low since Aug ’08 – The DXY index (76.248) is down overnight, unable to rebound off the low since Aug ’08 traded Thursday. Central banks intervened to buy USDs last week and positioning suggests little potential for speculators to add to USD weakness. The last engine for foreign currency strength is for real money flows to continue diversifying away ...

  • G10 FX: Dollar Down
    The key theme overnight was USD selling. The greenback underperformed all major currencies. The key US-specific development was Kohn’s relatively dovish rhetoric, in which he opined that inflation and growth would likely stay below the central bank’s objectives for some time, supporting a low target rate for “an extended period”. USD/JPY was also weighed by rhetoric – that from Japanese Vice Minister Minezaki, who stated that the USD’s weakness would likely continue and that Japan s...

  • G10 FX: Greenback & Pound Sterling in the Doghouse
    The greenback and British pound underperformed overnight. The GBP was weighed by a lower-than-expected CPI print as well as a statement by the British Chamber of Commerce that the BOE needed to expand its asset purchase program. The USD fell on concerns about the economy and a paring back of expectations that the Fed will be hiking.

  • G10 FX: Short Dollar Profit Taking
    The key theme overnight was the dollar rebound, as the greenback outpaced all the other major currencies. The ostensible reason was Bernanke’s statement that the Fed would hike when the economy recovery warranted such a move. His comment strikes us as stating the obvious – not a threat of hikes. Rather we believe that market participants, with a lopsided bearish dollar skew, wanted to take some money off the table ahead of the weekend, especially in light of reported increased central bank ...

  • G10 FX: The USD and JPY fell, likely as giveback from carry trade unwinds on Friday
    GBP lost against all the major currencies overnight on concern about the effects of an increase by the BoE in its asset purchase plan. Most economists surveyed by Bloomberg expect an increase to be announced Thursday, with the median forecast being a 50bn rise to 225bn. Otherwise, the USD and JPY fell, likely as giveback from carry trade unwinds on Friday.

  • GBP Declines Versus the Dollar
    Daily Review 1/12/2009USD Dollar (USD) – The Dollar weakened slightly versus the other majors as Dubai's crisis seem to have been contained. Chicago PMI came out stronger with 56.1 versus 53.4 expected. NASDAQ and Dow Jones gained by 0.29% and 0.34% after trading in the red zone for most of the trading session. Crude gained by 1.81% closing at 77.43$ a barrel and Gold (XAU) gained by 0.59% change closing at 1181.1$ an ounce. Today, ISM Manufacturing PMI is expected lower with 54.8 versus 55.7 ...

  • GBP Slides from Almost Two Month High
    Daily Review 19/11/2009USD Dollar (USD) – The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame inflation, core CPI came out at 0.2% vs. 0.1% forecast. NASDAQ and Dow Jones...

  • GBP USD Continues to Decay
    The GBP USD continues to fall, following an unexpected drop in U.K. 3rd Quarter Gross Domestic Product. Today’s news indicated the U.K. recession worsened as it extended into its 6th straight quarter. Traders had estimated a rise in GCP by 0.1% while actual results showed a drop of 0.4%. The charts indicate a move to 1.6198 is likely before there is any significant turnaround.The EUR USD has been trading on both sides of the psychological $1.50 area. Early today the Euro poked through this...

  • GBP USD Remains Under Pressure
    The U.S. Dollar is trading mostly mixed against most currencies. Demand for more risky assets has been the general theme today. Trading has been limited today because of a bank holiday in the U.S. Investors are also standing aside because of tomorrow’s slew of economic reports. U.S. retail sales will be reported early in the trading session. This report should set the tone for tomorrow.The Dollar is trading mostly lower versus the major currencies at the midsession. Appetite for more ris...

  • GBP continues to perform well as the CPI came in higher than expected
    S&P 500 futures trading lower over night following the bearish formation on daily chart Friday, with a wide spread down bar, a bearish engulfing pattern in candlestick terms. This confirms the weakness from Monday last week that looked like an up trust, meaning market players take prices above a resistance level to trigger stops only to drive the market lower later on. So we are still looking at possible shorts if the right signal present itself, not seen it yet. The price action followin...

  • GBP should recover in the next six months
    Comment: Having completely underestimated anti-sterling feeling in 2008, losing a personal fortune in the process, investors are unlikely to listen to our views this year. We feel the pound is oversold, here and against a raft of other currencies (a possible exception Scandinavia), and that it should recover a proportion of these over the next six months. In the second half of the year we expect generalised US dollar weakness to resume. Cable has spent the last two months painfully basing in a ...

  • GBP/AUD
    Comment: Having struggled, and failed, with forecasting this currency pair once again we do so reluctantly. Having hit a low at 1.7250 this month, two standard deviations from the very long term mean at 2.3000, to describe this pair as trading at an ‘extreme’ is an understatement. After the hazardous but relentless channel lower since 2001, we feel prices should try and base here, albeit slowly. Then it should try and rally to the psychological 2.0000 (one standard deviation from the mean) ...

  • GBP/CHF
    Comment: Having correctly spotted that the ‘hammer’ at the record low at 1.5100 in January 2009 marked an important turning point and the start of a multi-year rally, upside progress has so far been negligible. Trapped under the weekly Ichimoku ‘cloud’ and retracement resistance, sterling has now formed a shallow ‘double bottom’ against Fibonacci support at 1.6250. A weekly close above 1.7000 should add a little more upside pressure for a squeeze back up to 1.8000. Much later on we ...

  • GBP/JPY
    Comment: Leading the pack and the one with the neatest price action of all the Yen crosses. Rallying strongly from decent support between 140.00 and 142.00, retracing half of the declines since August. This, combined with the daily Ichimoku ‘cloud’ (note how much bigger it gets over the coming month) should send this pair down again, hopefully quickly. Though moving averages have crossed to bullish, these should provide resistance to the Lagging Span so watch for an interim top to form arou...

  • GBP/NOK
    Comment: October’s low at 8.8200, just above 1976’s record low around 8.2000, put Sterling close to its most oversold against Norwegian krone. Fairly sharp intra-day moves over the last two months suggest a major re-think and intermediate turn in the pound’s fortunes, here against one of this year’s best performers and against a raft of other currencies too. Yesterday’s close well above the ‘neckline’ of an inverted ‘head-and-shoulders’ has a first measured target at 9.8000 wi...

  • GBP/USD Ahead of UK Inflation Report and BOE King's Comments
    GBP/USD is currently trading just above 1.5700 with near term resistance (R1) at 1.5745 which incidentally  as seen on the chart was the high from earlier today, with next resistance at 1.5800 (R2) seen at 50% Fibonacci retracement and lastly resistance around the 200 Hour Moving Average around 1.5850/60.  All of these Fibonacci levels hover just around old daily support which was just breached at the current price around 1.5707 and looks like the low on 10/13/2009 on a very large dai...

  • GBP: Attempt small longs at 1.6550; stop well below 1.6200
    Comment: Bouncing from Fibonacci support but certainly not out of the woods yet. Allow for another week or two of consolidation under this year’s high. Meanwhile watch for signs of forming another interim base.

  • GBP: As feared in our last quarterly report, price action since Junemorphed into one huge ‘rectangle'
    Comment: Having spent Q4 in our predicted range roughly between 1.4400 and 1.5100, the Euro dropped to 1.4200 on almost record futures volume during the middle two weeks of December. This suggests stale longs bailing out and so it should now base against the 200-day moving average at 1.4250. While contained so far, until the end of this month the risk of a very large ‘spike low’ remains because of the rapidly narrowing Ichimoku ‘cloud’. During February and March the Euro should rally sm...

  • GBP: Attempt small longs at 1.6295; stop well below 1.6200
    Comment: Taking many by surprise as the Euro drops below December’s low to the lowest price since August last year. Rather messy but we shall continue to see how prices react around long term Fibonacci retracement levels. Note also how the weekly Ichimoku ‘cloud’ dips dramatically over the coming fortnight but then recovers equally quickly and moves decidedly higher from April 2010.

  • GBP: Attempt small longs at 1.6560; stop below 1.6400
    Comment: Still well bid and not overbought, though bullish momentum is low. It looks as though we are setting up for a re-test this year’s high at 1.5064. Rising trendline and the Ichimoku ‘cloud’ should also provide support and suggest a long position for a break to new highs later on.

  • GBP: Possibly attempt small longs at 1.6125
    Comment: Dropping to a new recent low as the Euro is sold against several other currencies which are not following suit (though of course the US Dollar Index is). Over the next few weeks we feel the Euro should stabilise and form a new interim low but this could be a slow, nerve-wracking process with a series of cautious downside probes. More of the same today, the deeper the probe the more likely we are to find an interim ‘spike low’. Watch and wait.

  • GBP: Possibly attempt very small longs at 1.5975
    Comment: Dropping as feared into the dip created by the weekly ‘cloud’, closing in on Fibonacci 50% support. We expect to see signs of forming an interim low this month. Slightly worryingly the moving averages have just crossed to bearish. The Euro is terribly oversold so be careful not to get too wrapped up with Greece’s problems. Bearish momentum is as strong as it was in September 2008.

  • GBPUSD
    Today’s trend: SidewaysBuy/Sell: SellEntry 1: 1.5730Entry 2: 1.5775Stop: 1.5810Profit 1: 1.5500Profit 2: 1.5425

  • GBPUSD (1.6134)
    GBPUSD seems to be approaching the end of triangle it was trapped for some time now and we might see GBPUSD taking an extended move towards one direction.  What intra-day trader would like to do is to sell GBPUSD with small stops and hope that it take a good dip this time. Judging by the overall market trend the possibilities of GBPUSD taking dip is more likely than its taking an extended upward move.

  • GBPUSD (1.6141)
      GBPUSD is moving in a nice downward trend and looking good to head below 1.6000 level during next week. Mostly we will find traders looking to sell GBPUSD on rise to retracement levels and currently a good level can be seen around 1.6200 and this might be the initial selling point for traders during this coming week. RSI is on the lower side in daily charts but seems to have enough space to allow GBPUSD to make a move towards 1.6000 level.

  • GBPUSD breaks above the falling trend line
    GBPUSD breaks above the falling trend line from 1.6875 to 1.6745, suggesting further rally to test 1.6745 resistance. However, next short term cycle is nearing, pullback would more likely be seen before breaking above this level. Key support is now located at 1.6550, a break below this level will indicate that a short term cycle top has been formed and the rise from 1.6271 has completed, then another fall could be seen to 1.6000 zone. On the other side, above 1.6745 will suggest that the fall f...

  • GBPUSD breaks below support of price channel
    GBPUSD breaks below the support of the lower border of the price channel on 4-hour chart, suggesting that the uptrend from 1.5708 (Oct 13 low) has completed at 1.6875 already and another fall towards 1.6300-1.6350 area is on the way. Initial resistance is at 1.6535, as long as this level holds, downtrend from 1.6745 will continue. Key resistance is now located at the falling trend line from 1.6875 to 1.6745, only rise above the trend line resistance could take price back to upwards trend.{image ...

  • GBPUSD broke above 1.6647 resistance
    GBPUSD broke above 1.6647 resistance, suggesting that a short term cycle bottom has been formed at 1.6460 level on 4-hour chart. Another rise towards 1.6875 could be seen in a couple of days. Initial support is at 1.6635 as long as this level holds, uptrend from 1.6460 is expected to continue. Key support is located at the lower border of the rising price channel, only fall below the channel support could take price back to 1.6300-1.6350 area.{image "20091126_gbpusd_1.gif"}

  • GBPUSD broke above the falling trend line
    GBPUSD broke above the falling trend line from 1.7042 to 1.6741 and is under pressure by 1.6741 resistance. Now the pair might be forming a cycle top at 1.6692 level on daily chart. Pullback to retest 1.5708 support would more likely be seen in next several days. However, a break above 1.6741 key resistance will indicate that the downward trend from 1.7042 has completed at 1.5708 level, then further rebound towards 1.0742 previous high could be seen to follow.

  • GBPUSD broke below 1.6040 support
    GBPUSD broke below 1.6040 support, suggesting that a short term cycle top has been formed at 1.6238 level on 4-hour chart. Now the fall from 1.6238 could possibly be resumption of downtrend from 1.6875 (Nov 16 high). Deeper decline towards 1.5708 (Oct 13 low) is now in favor. Key resistance is now located at 1.6238, only break above this level could indicate that the fall from 1.6875 has completed.{image "20100106_gbpusd_1.gif"}

  • GBPUSD consolidated above 1.5829
    GBPUSD has consolidated above 1.5829 support for several days. Lengthier consolidation is still possible later today. However, a break down below 1.5829 key support will indicate that the downtrend from 1.6456 has resumed, then deeper decline could be seen to 1.5500 area. Resistance is now at 1.6068, only rise above this level could take price back to 1.6200 area.

  • GBPUSD due for a breather
      GBPUSD is taking a good dip as anticipated and this dip seems to continue but for the time being we might see some retracement by GBPUSD because it has reached an important level 1.5750 in weekly charts and also the RSI is on the lower side, so it will also be pushing GBPUSD upwards. We might see GBPUSD taking retracement towards 1.5875 level. If GBPUSD takes retracement towards 1.5875 level, we might see some good selling once again.

  • GBPUSD formed a short term cycle top at 1.6456
    GBPUSD formed a short term cycle top at 1.6456 level on 4-hour chart. Range trading between 1.6210 and 1.6456 is expected later today. As long as 1.6210 key support holds, the price action from 1.6456 could be treated as consolidation of uptrend from 1.5829 and one more rise towards 1.6550 is still possible. However, a breakdown below 1.6210 level will indicate that the rise from 1.5829 has completed at 1.6456 level already, then the following downtrend could bring price back to re-test 1.5829 p...

  • GBPUSD formed a trading range
    After breaking below 1.6271 support, GBPUSD formed a trading range between 1.6167 and 1.6371. The price action in the trading range is more likely consolidation of downtrend from 1.6721. As long as 1.6371 resistance holds, we’d expect downtrend to resume and one more fall towards 1.6000 area is still possible. However, above 1.6371 will indicate that a short term cycle bottom has been formed at 1.6167 level on 4-hour chart, and the fall from 1.6721 has completed, then further rally could be se...

  • GBPUSD formed a trading range between 1.6251 and 1.6692
    GBPUSD formed a trading range between 1.6251 and 1.6692. Moving sideways without trend is still possible in a couple of day and another fall towards 1.6000 would more likely be seen after consolidation. However, a break above 1.6692 will indicate that the longer term downtrend from 1.7042 (Aug 5 high) has completed at 1.5708 level already, then another rise could be seen to retest 1.7042 resistance.{image "20091105_gbpusd_1.gif"}

  • GBPUSD is forming a short term cycle bottom
    GBPUSD is forming a short term cycle bottom at 1.6515 level on 4-hour chart. Now the rise from 1.6515 is possibly be resumption of uptrend from 1.5708, a break above 1.6840 key resistance will confirm the cycle bottom and signal another rally towards 1.7042 (Aug 5 high). Support level is at 1.6515, below this level will suggesting that the uptrend from 1.5708 has completed at 1.6841 level already, then the following downtrend could take price back to 1.6300-1.6350 area.{image "20091116_gbpusd_1....

  • GBPUSD is testing 1.6692 resistance
    GBPUSD is testing 1.6692 resistance, above this level will face 1.6741 critical resistance, a break of this level will indicate that the longer term downtrend from 1.7042 (Aug 5 high) has completed at 1.5708 level already, then another rise could be seen to retest 1.7042 resistance. Support levels are 1.6515 and 1.6466, below 1.6466 key support will suggest that a short term cycle top has been formed on 4-hour chart, then another fall towards 1.6000 could be seen.{image "20091109_gbpusd_1.gif"}

  • GBPUSD looking to go deep
    GBPUSD looking to go deep

  • GBPUSD pulled back sharply from 1.6692
    Being contained by 1.6741 critical resistance, GBPUSD pulled back sharply from 1.6692 last week and reaches 1.6251 so far, suggesting that the uptrend from 1.5708 has completed. Now the fall from 1.6692 is more likely resumption of longer term downtrend from 1.7042 (Aug 5 high), deeper decline is still possible in a couple of days and next target would be at 1.6000 zone.{image "20091026_gbpusd_1.gif"}

  • GBPUSD rebounded from 1.6460 level
    After a sharp drop from 1.6875, GBPUSD rebounded from 1.6460 level. However, the rise could possibly be consolidation of downtrend, another fall to 1.6300-1.6350 area is still possible after consolidation. Resistance is now at 1.6670 followed by 1.6720, only rise above these levels will indicate that the uptrend from 1.5708 has resumed, then another rise towards 1.6950-1.700 area could be seen to follow.{image "20091124_gbpusd_1.gif"}

  • GBPUSD's bounce reaches 1.6456 only
    GBPUSD's bounce from 1.5829 reaches 1.6456 level only. The subsequent pullback suggests that a cycle top is being formed on daily chart. Deeper decline to test 1.5829 key support is expected next week. A breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.6875 has resumed. Resistance is at 1.6456, only rise above this level could take price back to range trading between 1.5708 and 1.7042.For long term analysis, GBPUSD has formed a cycle bottom at 1.5708 l...

  • GBPUSD's downtrend extends to 1.5350
    GBPUSD's downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at 1.5150 area. Key resistance is now located at 1.5815, as long as this level holds, downtrend from 1.6456 could be expected to continue. However, a break above 1.5815 will indicate that a cycle bottom has been formed on daily chart and the fall from 1.6456 has completed, then the following bounce could bring price back to test the resistance of the fall trend line fro...

  • GOLD To Test Key Resistance
    GOLD: With a follow-through higher on its Monday gains currently seen, risk of further corrective recovery momentum now targets its strong swing high at its Feb 03’10 high at 1,125.00..

  • GOLD: Corrective Declines To Target The 1,030 Level
    GOLD: Corrective Declines To Target The 1,030 Level - As the commodity has halted its run to an all-time high of 1,070.37 and activated corrective pullbacks, all eyes are now on the 1,030.85 level, its 2008 high where a reversal of roles is expected.

  • GOLD: Hits Further Uncharted Territory
    GOLD: Hits Further Uncharted Territory - Longer term upside momentum continues to be seen pushing Gold to yet another un charted territory today following a fresh all time high the past week.

  • GOLD: Looks To Recapture The 1,070.37 Level
    GOLD: Looks To Recapture The 1,070.37 Level - Although Gold is now seen hesitating after hitting an intra day high of 1,066.02 today, it still retains its medium to longer term uptrend initiated at the 681.72 level in Oct’08....

  • GOLD: Pressured To The Upside, Eyes The 1,030.85 Level
    GOLD: Pressured To The Upside, Eyes The 1,030.85 Level - As a sharp rally through its recent high at the 1,011 level saw Gold maintaining its medium term uptrend triggered off the 781 level, its.

  • GPUSD being traded sideways
      GBPUSD: (1.5680)   GBPUSD seems to stuck in a sideways trend and GBPUSD is currently looking to move above 1.5700 level and we might see it making it towards 1.5750 and then falling again. We might see intra-day traders looking to sell GBPUSD around 1.5750 level with a small stop and targeting a decent intra-day trade.

  • Gaining Insight...
    All you can do is learn. We had a very intense move lower on the indexes across the board led by the technology stocks. In good markets the technology stocks lead up and in bad markets they tend to lead down as the appetite for beta is always there when things are trending one way or the other. Off the top there was no question that beta led down although we are not seeing beta lead up on this particular move which is somewhat interesting. However, it started to play catch up big late in today'...

  • Gap Up But Resistance Holds...
    The overseas markets were up nicely last night. Asia started the run and Europe followed. This led to our futures starting higher and running throughout the night. They didn't fade as the morning wore on allowing a run up to the 1111 S&P resistance zone. We also breached slightly the 2148 Nasdaq gap, but ultimately these levels proved to be too tough near term for the bulls, and the day was spent pulling back off these levels although solid gains were made across the board. The bulls can't ...

  • Gap Up and Reversal...Mild Retreat...
    Is it a sign of further down side action to come? Based on technicals I'd say yes but if you're expecting a market free fall, you're in the wrong game. We gapped up today and clearly that gap was sold but whenever we got near 10,000 on the Dow, the bears got their usual cold feet. However, with many good earners from last night printing black candles, meaning more sellers than buyers once it opened for trading, it tells us a lot of the good news is in near-term on this market. I will remind ...

  • Global Economic Recovery Boosts Demand for Certain Currencies
    Daily Review 12/01/2010 USD Dollar (USD) – The Dollar remained weak against most currencies, as a risk appetite has been triggered and signs of a global economic recovery boosted demand for higher-yielding and commodity linked currencies. Wall Street finished mixed as Dow Jones rose by 0.43% and NASDAQ depreciated by -0.21%. Crude oil rose to new high during the session but then dropped and closed with -0.62% change at 82$ a barrel. Gold (XAU) soared and closed at 1150.7$ an ounce. Today, The...

  • Global Market Strength Boosts U.S. Stock Indices
    The overnight strength in the global equity markets spilled over to the U.S. markets on the opening. Demand for higher risk is rising because of concerns over U.S. debt. With new Treasury debt being issued this week, investors are looking for higher returns. The inability to follow-through to the upside under thin trading conditions has encouraged traders to back off from the highs slightly. The chart indicates that a daily reversal top is possible.Treasuries are trading lower once again. Dem...

  • Global Market Strength Boosts U.S. Stock Indices
    Higher global equity markets are helping to boost demand for higher yielding assets, leading to a rise in U.S. stock index futures.  The lack of any significant economic reports is giving traders a free ride to the upside. There is no strong resistance at this time. 

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rally extends further and made another record high of 1109.9. At this point, short term outlook will remain bullish as long as 1084 support holds. Further rise should be seen to next fibonacci target of 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2. On the downside, though, below 1084 indicate that a short term top is possibly in place and bring pull back to 4 hours 55 EMA (now at 1075.9) or below.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold makes another record high of 1133.5 today and remains firm so far. At this point, short term outlook will remain bullish as long as 1101.2 support holds. Sustained trading above mentioned 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2 will set the stage for 100% projection at 1258 next. However, since 1133.2 is already met, break of 1101.2 will indicate that a short term top is at least formed and bring pull back towards 55 days EMA (now at 1042.5) instead.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's break of 1111.7 indicates that recent rise has resumed. At this point, intraday bias remains on the upside as long as 1097.2 minor support holds. As noted before, current rise from 931.3 is still in progress for next projection target of 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2. On the downside, though, below 1097.2 will argue that a short term top is formed with bearish divergence conditions in 4 hours MACD. In such case, deeper decline should be seen to su...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's break of 1119.2 minor support indicates that choppy recovery from 1075.2 has completed at 1163 already and whole correction from 1227.5 is possibly resuming. Intraday bias is now on the downside for 1075.2 support first. On the upside, in case of recovery, break of 1144.8 minor resistance is needed to indicate that fall from 1163 has completed. Otherwise, outlook will remain cautiously bearish.

  • Gold Daily Technical Outlook
    Comex Gold (GC) No change in Gold's outlook as sideway consolidations continue. With 1119.2 support intact, another rise could still be seen and above 1163 will bring stronger rebound into 1169.3/1227.5 resistance zone. However, upside should be limited there and bring another fall to continue to consolidation pattern from 1227.5. On the downside, below 1119.2 will suggest that recovery from 1075.2 has completed already and will flip intraday bias back to the downside for 1075.2 and below.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Current development argues that a short term top is at least formed at 1123.4, with mild bearish divergence condition in 4 hours MACD, after Gold hits upper channel resistance. Intraday bias is now mildly on the downside for 4 hours 55 EMA (now at 1095.4 first. Sustained trading below will target a test on the lower channel support (now at 1053.2). On the upside, however, above 1123.4 again will indicate that recent rally is still in progress for 61.8% projection of 681 to 1007....

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's break of 1045.8 minor resistance suggests that an intraday low is in place at 1026.9. Intraday bias is flipped back to the upside and further rise could be seen to retest 1072 first. With mentioned 38.2% retracement of 931.3 to 1072 at 1018.3 intact, we'll holding on to the bullish view that recent rally is gold is still in progress and break of 1072 will target 1100 psychological level first. However, note that strong break of 1018.3 fibo level will dampen this bullish c...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Intraday bias in Gold remains neutral for the moment as triangle consolidation from 1072 continues. Another fall cannot be ruled out but after all, we'd expect downside to be contained above 38.2% retracement of 931.3 to 1072 at 1018.3 and bring rally resumption. Above 1072 will indicate that recent rally has resumed and should target 1100 psychological resistance next.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rally resumes after brief consolidation and makes another record high today. At this point, intraday bias remains on the upside and further rise should be seen to 100% projection of 931.3 to 1025.8 from 952.5 at 1080 next. on the downside, below 1043.4 will turn intraday outlook neutral again. But pull back should be contained above 1011 resistance turned support and bring rally resumption.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rally is still in progress and reaches as high as 1148.4 so far. At this point, intraday bias remains on the upside and further rally should be seen to 161.8% projection of 985.5 to 1072 from 1026.9 at 1166.9 next. On the downside, below 1127.8 minor support will turn intraday bias neutral and bring retreat first.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rebound from 1075.2 is still in progress and at this point, intraday bias remains on the upside for 38.2% retracement of 1227.5 to 1075.2 at 1133.4 first. Break there will target 61.8% retracement at 1169.3 next. But after all, consolidations from 1127.5 is expected to extend further with another fall and hence, upside of the current rebound will possibly be limited by 1169.3 fibo level. ON the downside, though, break of 1107.9 minor support will argue that recovery from ...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's long term rally resumed by breaking 1072 strongly and reaches new record high of 1096.2. At this point, intraday bias remains on the upside and further rally should be seen to 1100 psychological level first. Break will target 1133.2 medium term projection level next. On the downside, below 1080.5 minor support will turn intraday bias neutral and bring consolidation first.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Despite climbing to as high as 1066.9, upside in Gold is still limited below 1072 high and some more sideway consolidations could still be seen. Another fall to 1026.9 cannot be ruled out but after all, short term outlook will remain bullish as long as 38.2% retracement of 931.3 to 1072 at 1018.3 holds. Break of 1072 high will bring rally resumption to 1100 psychological level next. On the downside, however, decisive break of 1018.3 will indicate that recent rise has completed a...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's recovery stalled after hitting 38.2% retracement of 1227.5 to 1075.2 at 1133.4 and with 4 hours MACD crossed below signal line, intraday bias is turned neutral. With 1115.9 minor support intact, another rise cannot be ruled out and above 1141 will target 61.8% retracement at 1169.3 next. On the downside, however, break of 1115.9 minor support will argue that recovery from 1075.2 might have completed and will flip intraday bias back to the downside for retesting this suppo...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rally resumes by breaking 1195 and reaches another record high of 1200.5 so far today. At this point, intraday bias remains on the upside and current rally should extend to 61.8% projection of 1026.9 to 1196 from 1130.1 at 1233.7 next. On the downside, below 1175 minor support will turn bias neutral and bring more consolidation. But after all, downside should be contained by 1130.1 support and bring another rise.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Intraday bias in gold remains on the downside and the current decline from 1227.5 is still expected to continue to 50% retracement of 931.3 to 1227.5 at 1079.4. Break there will target 61.8% retracement at 1044.4 next. On the upside, above 1120.8 minor resistance will will argue that a short term bottom is formed and bring stronger recovery. But after all, upside should be limited below 1227.5 and bring another fall to continue the correction.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's recovery was limited slightly below 1144.6 resistance and weakens again. While consolidation from 1110.2 might extends further, it should still be relatively brief. A break below 1110.2 will bring fall resumption to 50% retracement of 931.3 to 1227.5 at 1079.4 next. Above 1144.6 minor resistance will bring stronger rebound. But after all, upside should be limited below 1227.5 and bring another fall to continue the correction.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold failed to stay above 1126.4 resistance and retreated sharply. With 4 hours MACD crossed below signal line, intraday bias is turned neutral for the moment. Note that with 1126.4 intact, we're still favoring the case that recent decline from 1227.5 is not over yet. Below 1077.3 minor support will indicate that rebound from 1044.5 has completed and will flip intraday bias back to the downside for another low below 1044.5. However, note that sustained trading above 1126.4 resis...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's sharp fall today and break of 1100.5 minor support indicates that recovery from 1074.4 has completed at 1126.4 already. Intraday bias is flipped back to the downside for retesting 1074.4 low first. Break there will confirm decline resumption and should target 100% projection of 1163 to 1074.4 from 1126.4 at 1037.8 next. On the upside, even in case of recovery, break of 1126.4 resistance is needed to indicate that gold has bottomed out. Otherwise, outlook will now remain b...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rise from 1044.5 extends further to as high as 1124.6 so far today. While the rebound is strong, it's still limited below 1126.4. And we'd slightly prefer to case that gold as not bottomed yet. Below 1077.3 minor support will indicate that such rebound have completed and will bring fall resumption for another low below 1044.5. However, note that firm break of 1126.4 resistance will argue that correction from 1227.5 has already completed and will turn focus to 1163 resista...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's recovery continued today and break of 1070 minor resistance indicates that an intraday low is in place at 1044.5. Bias is turned neutral and some more consolidation would now be seen. Nevertheless, upside is expected to be limited well below 1126.4 resistance and bring fall resumption Below 1044.5 will target 1000 psychological level next.

  • Gold Daily Technical Outlook
    Comex Gold (GC) With 4 hours MACD crossed below signal line, an intraday top is in place at 1153.4. Some consolidations could be seen in gold but downside is expected to be contained by 1125.8 support and bring rally resumption. Above 1153.4 will target 161.8% projection of 985.5 to 1072 from 1026.9 at 1166.9 next. However, break of 1125.8 will indicate that a short term top is in place with bearish divergence conditions in 4 hours MACD and RSI. Deeper decline should be seen to 1026.9/1072 supp...

  • Gold Daily Technical Outlook
    Comex Gold (GC) With 4 hours MACD staying well above signal line, some more sideway trading could be seen in gold for the moment. But such consolidation should be relatively brief. Below 1110.2 will bring fall resumption to 50% retracement of 931.3 to 1227.5 at 1079.4 next. Above 1144.6 minor resistance will bring stronger rebound. But after all, upside should be limited below 1227.5 and bring another fall to continue the correction.

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rally extends further to 1182.4 today so far and remains firm. Short term outlook will remain bullish with 1156.3 minor support intact and gold should now be targeting 1200 psychological resistance first. Break will target next medium term projection level at 1258 next. On the downside, below 1156.3 will indicate that a short term top is in place and bring pull back. But after all, downside is expected to be contained well above 1072 resistance turned support and bring ra...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's rally resumed by taking out 1153.4 and reaches another record high of 1167.8. Short term target of 161.8% projection of 985.5 to 1072 from 1026.9 at 1166.9 is met but there is not sign of topping yet. Short term outlook will remain bullish as long as 1132.5 support holds. Sustained trading above 1166.9 will target 1200 psychological resistance next. On the downside, below 1132.5 will indicate that a short term top is formed, possibly with bearish divergence condition in 4...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold continues to struggle above 38.2% retracement of 931.3 to 1227.5 at 1114.4 for the moment and downside momentum is diminishing a bit. Nevertheless, intraday bias remains mildly on the downside with 1148.4 minor resistance intact. Fall from 1227.5 is still expected to continue to Further decline should be seen to 50% retracement of 931.3 to 1227.5 at 1079.4 next. On the upside, above 1148.4 will turn intraday bias neutral and bring recovery. But upside should be limited belo...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold's fall from 1162 extended to as low as 1088 so far. As noted before, recovery from 1075.2 has completed at 1163 already. Correction from 1227.5 is likely resuming. Intraday bias remains on the downside for 1075.2 support first and break will confirm this bearish view. On the upside, above 1117.8 minor resistance will turn intraday bias neutral and bring recovery. But upside should be limited below 1163 resistance and bring fall resumption.

  • Gold Daily Technical Outlook
    Comex Gold (GC) With 4 hours MACD crossed above signal line, intraday bias in gold is turned neutral for the moment. A break above 1178.6 minor resistance will suggests that pull back from 1227.5 has completed and will flip intraday bias back to the upside for this resistance first. On the downside, while another dip cannot be ruled out, we'd still expect rise from 1026.9 to resume as long as 1130.1 cluster support holds (50% retracement of 1026.9 to 1227.5 at 1127.2) However, sustained break o...

  • Gold Daily Technical Outlook
    Comex Gold (GC) Gold reaches as high as 1227.5 so far and at this point, intraday bias remains on the upside for mentioned target of 61.8% projection of 1026.9 to 1196 from 1130.1 at 1233.7. Break will target medium term projection level at 1258. On the downside, below 1208 minor support will indicate that an intraday top is in place and bring pull back, probably to 4 hours 55 EMA (now at 1182.6) before staging another rise.

  • Gold Hits Key Level
    Gold hit a double-top this week, touching a key level last reached during the week of February 15, 2009 and breaking the $1,000.00 mark for the for the third time in about a year and a half. If price re-tests the 1007.33 level and it holds as support, gold could be headed to 1133.24 during 2010, with resistance on the way to keep an eye on at 1013.10 and 1038.60

  • Gold Holding on to Strong Gains Ahead of Fed Statement
    February Gold is trading higher at the mid-session. This is a sign that gold traders are betting on a weaker Dollar following the Fed report. The chart indicates a move to $1155.50 is likely if the Dollar breaks.Equities are holding steady to firm at the mid-session ahead of the Fed’s policy statement this afternoon. Traders want to see indications that the Fed sees improvements in the economy. At the same time, they don’t want to see higher interest rates. This sets up the possibility o...

  • Gold Moves Higher Despite Stronger Dollar
    February Gold is now trading higher after trading sharply lower overnight because of the stronger Dollar. This market bottomed at $1112.00 after the release of the U.S. Producer inflation data. The surge to the upside took the market to $1128.00. March Crude Oil is holding yesterday’s low at 72.45. This contract has traded steady to better all day. The boost in U.S. Industrial Production is helping to contribute to the rally as it indicates a possible increase in demand down the road. At t...

  • Gold Plunges as Dollar Soars Overnight
    The stronger Dollar triggered a sharp sell-off in February Gold overnight.  Despite the hard break, this market is still holding a key 50% level at $1107.40.  A break of this level will fuel a further decline to the November main bottom at $1102.60.  Ultimately, this market should test uptrending Gann angle support at $1094.00.  Watch for a technical bounce when this angle is tested. 

  • Gold Pops to All−Time High
    Daily Review 4/11/2009USD Dollar (USD) – The Dollar was mixed gaining versus the Euro and weakening slightly versus the Pound ahead of today's Interest Rate Decision. Factory Orders rose by only 0.9% versus 1.1% expected. NASDAQ gained by 0.4% and Dow Jones weakened by -0.18% as investors bought energy and industrial stocks due to rising commodity prices. Crude gained by 1.75% closing at 79.50$ a barrel and Gold (XAU) popped by 2.93% closing at an all time high of 1084.3$ an ounce after Intern...

  • Gold Showing Signs of Bottoming
     February Gold is trading lower, but mounting a strong recovery from the low. Last night the market sold off in continuation of the recent break before finding support at an uptrending Gann angle at $1136.00. The chart pattern suggests a retracement to $1181.80 is likely.Equity futures are trading inside of last Friday’s range by higher for the day. The weaker Dollar is providing the most support today. The daily December E-mini S&P 500 chart needs a break under1098.50 to 1093.50 t...

  • Gold Surges as Dollar is Unable to Follow−Through to Upside
    Last week the December Dollar Index posted a weekly reversal bottom, but the overnight action failed to confirm this bottom with a follow-through rally.  This sets up a break of at least 50% of last week’s range or even a new 15-month low. 

  • Gold Takes the Spotlight Today
    December Gold surged to a new all-time high after the Reserve Bank of India purchased 200 metric tons of gold from the International Monetary Fund. The purchase was worth about $6.7 billion. Traders at first were hesitant to drive this market higher until it became clear that this transaction could be the start of additional buying by other central banks.

  • Gold Traders Betting on Weaker Dollar
    Equities are holding firm overnight ahead of the Fed’s policy statement.  Traders want to see indications that the Fed sees improvements in the economy.  At the same time, they don’t want to see higher interest rates.  This sets up the possibility of a choppy two-sided trade following the release of the FOMC statement.  A rally through 1114.25 in the March E-mini S&P 500 is likely to trigger a rally to 1119.00, then 1122.00.  A break under 1009.75 could trigger ...

  • Gold Trading in Volatile Range
    December Gold is trading unchanged after trading as much as $10 higher and $8 lower. Gold traders ran this market higher early in the session, most likely because of the weakness in the British Pound. At this time the Dollar was strengthening. When the buying dried up, traders were quick to take profits, sending it sharply lower for the day. Shorts couldn’t break this market and the market rallied back to unchanged. It looks as if distribution is taking place when means a break to the dow...

  • Gold Weekly Technical Outlook
    Comex Gold (GC) Gold's recovery was limited at 1142.9 after hitting 4 hours 55 EMA and fall from 1227.5 resumed and reached as low as 1097.4. Initial bias remains on the downside this week and further fall should be seen to 50% retracement of 931.3 to 1227.5 at 1079.4 next. On the upside, above 1142.9 resistance will argue that a short term bottom is formed and bring stronger recovery. But after all, upside should be limited below 1227.5 and bring another fall to continue the correction.

  • Gold Weekly Technical Outlook
    Comex Gold (GC) Gold's rally from 1044.5 extended further to as high as 1128.7 last week before turning sideway. The lack of momentum to sustain above 1126.4 resistance so far makes the picture quite unclear. But after all, from a near term point of view, another rise would be in favor as long as 1099.1 minor support holds. Sustained trading above 1126.4 will indicate that whole corrective fall from 1227.5 high might have already completed with three waves down to 1044.5 already. In such case, ...

  • Gold Weekly Technical Outlook
    Comex Gold (GC) Gold edged higher to 1163 last week but lost momentum ahead of 61.8% retracement of 1227.5 to 1075.2 and turned sideway. With 1119.2 support intact, another rise could still be seen and above 1163 will bring stronger rebound into 1169.3/1227.5 resistance zone. However, upside should be limited there and bring another fall to continue to consolidation pattern from 1227.5. On the downside, below 1119.2 will suggest that recovery from 1075.2 has completed already and will flip intr...

  • Gold Weekly Technical Outlook
    Comex Gold (GC) Gold broke prior high of 1033.9 last week and made new record high of 1062.7 before retreating mildly. With 4 hours MACD staying below signal line, initial bias is neutral and some retreat might be seen first. Nevertheless, downside is expected to be contained well above 1011.0 resistance turned support and bring rally resumption. Above 1062.7 will target 100% projection of 931.3 to 1025.8 from 952.5 at 1080 next.

  • Gold Weekly Technical Outlook
    Comex Gold (GC) Gold resumed the long term up trend last week and surged to as high as 1101.9 so far. While intraday upside momentum is diminishing a bit, further rise is still in favor as long as 1084 minor support holds, towards next fibonacci target of 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2. On the downside, though, below 1084 will turn intraday bias neutral and bring pull back, possibly to 4 hours 55 EMA (now at 1071.4) before staying another rise.

  • Gold Weekly Technical Outlook
    Comex Gold (GC) Gold's uptrend continued last week and made another record high of 1153.4 then turned sideway. Initial bias remains neutral this week and some more consolidations cannot be ruled out. But still, short term outlook will remain bullish as long as 1125.8 support holds and further rise is in favor. Above 1153.4 will target 161.8% projection of 985.5 to 1072 from 1026.9 at 1166.9 next. Nevertheless, considering bearish divergence conditions in 4 hours MACD and RSI. Break of 1153.4 wi...

  • Gold suffers together with Dubai debt worry
    Gold has suffered a major decline in the last two days after reaching record levels in the last few weeks. This comes together with the strengthening of the US Dollar, which has deacreased demand for the precious metal, owing to the unstable economic situation in Dubai which is currently trying to reschedule its debt. This signals a possible short term decrease in the price of the metal though in the long term it is believed that Gold will continue its increase surge as central banks aim to di...

  • Gold, Crude Oil Pressured by Rising Dollar
    Stronger U.S. economic reports drove traders out of risky assets, putting pressure on both gold and crude oil. April Gold surged overnight to $1126.40 before backing down. This price was inside of a retracement zone at $1120.50 to $1131.40. The stronger Dollar encouraged traders to dump higher risk assets which weakened precious metals. The charts indicate this market could break back to $1100.40 over the short-run.

  • Good Auction Demand Sends Treasury Bonds Higher
    March Treasury Bonds surged to the upside and erased all of Wednesday’s losses following the weak U.S. economic reports. Traders reacted to the possibility of interest rates staying lower for a long-time.  Today’s Treasury bond action also went off without a hitch, generating more interest in the long side of the market.  The charts indicate the next upside objective is 117’14.  Conditions could weaken again if 116’28 fails to hold as support.

  • Good Selling....
    If you're still bullish overall as I am, although nothing out of hand, then today is what you wanted to see. There was a chance for a lot more selling than we saw based on two very poor economic reports that came out pre-market. A very low number of new home buyers. 80,000 shy to be exact (520,000 vs 600,000 expected). Also, a higher than expected Consumer Price Index (CPI) (cost of prices to consumers) at 0.3 vs 0.2 expected. Both numbers poor. Each one by themselves is enough to take a market...

  • Greece and China Adds to Risk Aversion
    Greece and China Adds to Risk Aversion

  • Greece on Track for Economic Recovery
    Daily Review 14/01/2010 USD Dollar (USD) – The Dollar weakened against 12 of the 16 most traded currencies after the Federal Reserve said that a modest economic recovery is broadening. NASDAQ and Dow Jones rose by 1.12% and 0.50% respectively. Crude oil fell for a 3rd day after U.S. inventories report showed an increase of 3.7M barrels as demand dropped. Crude prices decreased by -1.4% closing at 79.65$ a barrel. Gold (XAU) rose by 0.7% closing at 1136.8$ an ounce. Today, Retail Sales are exp...

  • Greenback Falls Despite Geithner's Call for Strong Dollar
    The U.S. Dollar finished lower, pressured by increased appetite for risky assets, despite a call from Treasury Secretary Geithner for a stronger currency. Trading remained subdued today ahead of central bank meetings on February 4th and the U.S. Jobs Data Report on the 5th.

  • Greenback Strength Returns; Yen Gains
    The USD and the JPY were the strong performers this week. The Greenback is breaking out of its recent consolidation mode. Risk aversion kept the Japanese Yen strong as the preferred safe haven currency. Commodity currencies are subdued, coming off December strength as gold made record highs. The risk aversion also pressured pairs such as the Loonie(CAD) and Aussie(AUD).

  • Head & Shoulders Patterns
    Head and shoulders tops and bottoms trend patterns are used for technical analysis of the Forex trading market, and are thoroughly explained in this guide.

  • High Level of Bullish Potential in Euro
    EUR The pre-planned long positions from key supports have been implemented, and attainment of anticipated targets is favored by preservation of bullish activity priority, marked by OsMA trend indicator as a result of previous trading day. At this point, considering some short-term priority of bearish activity, we can assume probability of retest of Senkou Span B line in Ichimoku indicator at 1,4960/80 levels, where it is recommended to evaluate the development of the activity of both parties in...

  • Higher Equities and Commodities Drag Dollar Lower
    The U.S. Dollar is trading lower against all majors as overnight rallies in the stock indices and gold are once again pulling the Dollar lower and signaling renewed demand for higher risk assets.  

  • Higher Gold; Stock Indices Drive Dollar Lower Overnight
    Another surge to the upside in gold and renewed buying in Asian stock markets helped drive the Dollar lower overnight as investors once again increased demand for higher yielding assets. The EUR USD is trading higher overnight ahead of this morning’s European Central Bank report. Most traders have decided that the ECB will leave interest rates unchanged at 1% so the focus will be on ECB President Trichet’s talk at 7:30 a.m. Central Time. Trichet is expected to outline the ECB’s plan to wi...

  • Hold Gold?
    Over the last week, Gold again reached record levels – hitting our long-term weekly target at 1133.24. There is speculation that since India recently bought 200 metric tons from the IMF and increased its holdings to 6% that China will follow.  China is the largest producer and consumer of gold in the world.

  • Hold Gold?
    There is speculation that since India recently bought 200 metric tons from the IMF and increased its holdings to 6% that China will follow.  China is the largest producer and consumer of gold in the world.

  • Housing Data from US Better Than Expected
    Daily Review 2/12/2009USD Dollar (USD) – The Dollar weakened versus most majors as better than expected housing data was released and the Dubai effect fades away. Pending Home Sales came out surprisingly positive with 3.7% versus -0.4% decline expected. ISM Manufacturing PMI was released with 53.6 weaker than 54.8 forecasted. NASDAQ gained by 1.46% and Dow Jones reached new yearly highs with 1.23% change. Crude gained by 0.75% closing at 77.86$ a barrel and Gold (XAU) gained by 1.25% closing a...

  • Housing Report Drives Dollar to Three−Month High
    The U.S. Dollar added to its earlier gains following the release of a better than expected existing home sales report. The rise in the Dollar following the release of good economic news is another sign that investors are returning to watching traditional fundamentals for direction. The Dollar was trading a little better overnight following another downgrade of Greece’s debt, but gave back those gains when the U.S. released a lower than estimated final third quarter GDP report. The good news...

  • Housing Report Weakens USD JPY
    The USD JPY broke sharply this morning following the release of a housing report which showed the number of contracts to buy previously owned U.S. homes fell in November more than analysts had estimated.Overnight weakness set the table for today’s opening weakness, following Monday’s closing price reversal top. Last night’s follow-through to the downside was confirmed which could mean the start of a correction all the way back to 88.57. The first downside objective today is 91.08 which is ...

  • IMM traders add to EUR shorts, USD longs surge
    The latest IMM data covers the week from 2 to 9 February. Concerns over fiscal sustainability continue to be a key driver of financial markets and have seen the flight from the euro, and pro-cyclical currencies in general, continue. European debt woes continue to attract the market’s attention and speculative investors have added to the record EUR shorts seen last week. As a share of open interest, short positions have reached close to 30% which does point to an increasingly crowded trade. ...

  • INTC/JPM On Deck...
    The market has continued to move higher day after day in a slow grinding manner that is never on the nerves. As we move higher the moves up get smaller and smaller but they're still up moves. the question now becomes, can the market continue this grind higher or will it get stopped cold! The answer is likely in the earnings season that is truly upon us now. Intel (INTC) is huge as it is a major economic indicator as its chips are in everything. The news just came out and they blew away the numb...

  • ISM Manufacturing PMI Came Out Stronger than Expected
    Daily Review 3/11/2009USD Dollar (USD) – The Dollar weakened versus most majors as stronger economic data raises risk demand. ISM Manufacturing PMI came out stronger with 55.7 versus 53.1 expected and Pending Home Sales came out stronger with 6.1% versus 0.3% expected and 6.4% prior. NASDAQ and Dow Jones rose by 0.20% and 0.79% respectively after a choppy trading day. Crude gained by 1.42% closing at 78.09$ a barrel and Gold (XAU) gained by 1.32% closing at 1053.4$ an ounce on stronger economi...

  • If countries move away from free trade
    S&P 500 futures up strong this today and taking out the 1103.25 high from 11th of Nov. The correction off the 1103.25 high on Thursday last week looks short lived and it will be interesting to see if that strong push up through this resistance zone can materialize. If it doesn’t break away higher within the next 3 to 4 sessions we expect to see a deeper correction towards 1050 or so.Volatilities in equities and FX options are dropping further today after the market looks confident that th...

  • In general 30 on VIX is historically very high
    at 996, meaning it could easily fall quite a bit lower. US GDP data came out strong yesterday, but have seen several analysts putting a big question mark on that number. We would not be surprised to see a rather large revision to this GDP data on the next GDP release. Gold tested the September high Wednesday (previous resistance, now support), held that level and bounced higher yesterday. That price action signals buying interest and it will be interesting to see what happens today. Remember s...

  • In the long run as the supply that is put on storage have to come back to market sometime in the future
    S&P 500 futures made a bearish formation on daily chart Friday, with a wide spread down bar, a bearish engulfing pattern in candlestick terms. This confirms the weakness from Monday last weak that looked like an up trust, meaning market players take prices above a resistance level to trigger stops only to drive the market lower later on. So we are still looking at possible shorts if the right signal present itself, not seen it yet. There have been quite a bit of news stories out lately foc...

  • In the long run as the supply that is put on storage have to come back to market sometime in the future
    S&P 500 futures made a bearish formation on daily chart Friday, with a wide spread down bar, a bearish engulfing pattern in candlestick terms. This confirms the weakness from Monday last weak that looked like an up trust, meaning market players take prices above a resistance level to trigger stops only to drive the market lower later on. So we are still looking at possible shorts if the right signal present itself, not seen it yet. There have been quite a bit of news stories out lately foc...

  • Increased Demand for Higher Yielding Assets Fuels Stock Market Rally
    The weaker Dollar is triggering a huge rally in U.S. equity markets at the mid-session as aggressive investors seek higher yielding assets. Last week’s news that the Fed will leave rates unchanged for a “prolonged period” combined with the refusal by the G-20 to discuss the weaker Dollar and the IMF’s statement calling the Dollar overpriced is helping to ignite the rally.Treasury markets are trading flat to higher after earlier weakness. The first move was to the downside after traders...

  • Inflation
    Find detailed information on forex inflation indicators and many more important indicators to maximize forex profit. Download Forex Trading software free

  • Initial Claims Report to Set Tone in Equity Markets
    Today’s weekly U.S. Initial Claims Report is expected to set the tone in the equity markets today.  The stock indices are expected to open higher, but gains could be thwarted by an initial claims report showing an increase in job loss claims greater than the estimated 455,000.

  • Interests Rates as Influencing Forces In The Forex Market
    Discover how interest rates are part of the influencing forces of the forex market. Learn to use this information for successful trade

  • Invest Your Time and Effort in a Forex School that will do you good
    Study at Forex School of currency trading to maximize your knowledge in the trading market. Utilize this information to invest wisely

  • Investors Dump Stocks as Sentiment Shifts towards Less Risky Assets
    Investors dumped stocks late in the trading session on Friday as sentiment shifted toward less risky assets. The combination of a stronger Dollar, monetary tightening in China and a proposal by Obama to end financial institution prop trading weighed heavily on traders this week.

  • Investors Once Again Dumping Higher Yielding Assets
    Investors are dumping higher yielding assets as the lack of follow-through to the upside in equities encouraged traders to turn into sellers from the start today. A bearish Michigan Sentiment Report is being blamed for igniting today’s break, but the groundwork was laid earlier in the week when the Dollar began to strengthen.Yesterday’s gains in equities have been wiped out and downside momentum indicates that more losses are possible by the close. The better than expected GDP number relea...

  • Investors Seek Safety in U.S. Dollar after Weak Housing Report
    The U.S. Dollar is trading higher at the mid-session as weak U.S. housing data is encouraging investors to dump higher yielding assets and seek safety in the Greenback.This morning, stock market losses are clearly triggering the rapid return to the Dollar as a safe-haven investment. Losses in commodity markets especially crude oil are also contributing to the Dollar’s strength.The EUR USD is weakening on liquidation of higher yielding currencies. Based on the main range of 1.4480 to 1.5063,...

  • Investors and economists don't expect an interest rate change by the Federal Reserve
    Good morning from the most beautiful city and welcome to our FX Report. Today, we will give you a short review on weekly movements in the JPY, USD and AUD. We hope you had a great week and wish you a nice weekend.

  • It Just Won't Quit....
    Negative divergences. In fact, quadruple negative divergences on t he Dow and basically triple negative divergences on the S&P 500 and Nasdaq. Overbought daily charts everywhere to add on to the negative technicals.

  • JGB 10−year yield
    Comment: It may not appear so but Japanese benchmark treasury yields are a lot lower than they were eighteen months ago and close to their record lows of 2003. For example five-year JGBs now yield 50 basis points as opposed to a peak at 1.50% in 2006, 2007 and 2008; two-year just 15 basis points against 90 or 100 then. Hard to believe but benchmark ten-year JGB yields have been trading around a mean of 1.500% for twelve years, holding between the psychological 1.000% and 2.000% most of the time...

  • JPY is again benefitting from risk aversion over last few days
    How to price Sovereign debt? That is the big question today. S&P 500 futures trade with low volume yesterday and it still has the weakness in the background from the high volume sell off over the last weeks. Really has to make a daily close above 1103 to open for any rally, while below this level it looks more like a sell on rallies for a test of 1066 level. We also note that Gold once again bounced off the 1075 Friday, which is a strong support level. We expect a rally in Gold near term a...

  • JPY trading strongly on risk aversion
    The Greece debt problems continues to be the major market driver with fresh news over the weekend that Goldman Sachs created currency swaps for Greece to reduce their debt and it seems that Greece is losing credibility as each day passes. We are very critical that Germany and France are willing to pay for Greece inability to control spending. We note that many other Euro zone states were forced to cut spending some years back to join the Euro and now they discover that Greece is taking a “fr...

  • JPY trading strongly on risk aversion
    The Greece debt problems continues to be the major market driver with fresh news over the weekend that Goldman Sachs created currency swaps for Greece to reduce their debt and it seems that Greece is losing credibility as each day passes. We are very critical that Germany and France are willing to pay for Greece inability to control spending. We note that many other Euro zone states were forced to cut spending some years back to join the Euro and now they discover that Greece is taking a “fr...

  • JPY weak again this morning as the equities rally
    S&P 500 trading at a new yearly high and above the 1075.75 previous high from 23th of September on the back of stronger than expected earnings out from Intel last night. The weakness from 17th to 24th of September in the S&P 500 futures has now been cancelled out and we are not looking for shorts anymore since the 1075.75 has been taken out. Gold had a successful test Monday followed by a up day yesterday, which opens for higher prices. Looking at the Gold chart there is plenty of room ...

  • JPY: Attempt small shorts at 89.95; stop above 90.90
    Comment: Despite Friday’s fairly sharp sell-off, the medium term Technical picture has not changed. Though the Euro has dipped below ‘channel’ support it looks as though the top of the Ichimoku ‘cloud’ and retracement support will hold.

  • JPY: Attempt small shorts at 91.40; stop above 91.75
    Comment: Posting a new high for this year at 1.5047 with the 9-day moving average once again giving it another little leg up. Interestingly the Euro is not overbought and bullish momentum is fairly strong. Futures volume is about triple what it was at the beginning of this century, but not open interest, suggesting a lot of small speculators. Many have missed the US dollar’s generalised weakness.

  • JPY: Attempt shorts at 89.25; stop above 90.05
    Comment: Stalling just ahead of this year’s high at 1.4845 and a potential small ‘double top’. This suggests another week or two of consolidation which would allow the Ichimoku ‘cloud’ and trendline support to move closer to the Euro. Until the Euro manages a daily (and preferably weekly) close above 1.4800 we cannot rule out another test of support between 1.4600 and 1.4400.

  • JPY: Possibly attempt small shorts at 90.85; stop above 91.85
    Comment: Consolidating neatly under 1.4968, which was also an interim high in November 2007. The Euro is not so overbought and is clinging to the 9-day moving average – which has done an excellent job limiting intra-day lows this month. Expect a little more consolidation prior to another break higher, dips hopefully contained by the 26-day average at 1.4723.

  • Japan has really weak looking fundamentals with ageing population
    S&P 500 futures trade above the 1100 resistance level this morning and thereby making a new yearly high. Still a bit too early to call the breakout as the close of today’s price is vital to evaluate the strength in the market. That being said the run up to 1100 over the last few days gives a bit of mixed signals with the volume not really at the levels we would like to see them for a stronger breakout, meaning we remain a bit cautious until we see a daily close above 1100. As mentioned o...

  • Jump in Industrial Output Boosts U.S. Dollar
    The U.S. Dollar continues to remain firm at the mid-session. Last night the main trend turned up on the weekly chart leading to a firm opening this morning. Early today, a jump in industrial output helped give the Dollar a boost as it represented another sign that the Fed is likely to lean toward hiking interest rates sooner than expected.The EUR USD is threatening to break through 1.4500. Overnight sellers hit the Euro following the release of the German ZEW Economic Expectation Index report...

  • Key resistance remains 1103
    Very interesting bar on daily chart Friday in the S&P 500 futures with daily record volume this year and the highest volume day seen since 21st of November2008. The bar closed way off the lows as prices reversed strongly towards the end of the session. This certainly signals that is was a lot of buying in that bar, otherwise it was no way it could have rallied that strongly off the lows. We now look for this bullish action to be confirmed today with an up bar. Key support is now Friday’s...

  • Lack of Buyers Weaken Stocks
    U.S. equity futures are trading weaker at the mid-session following an early morning surge after the release of a report showing a rise in consumer confidence. Thin trading conditions and the lack of buyers are the driving forces behind this morning’s weakness. Global stock prices rose overnight following a sell-off in the Dollar, signaling greater demand for higher yielding assets. The thought of a recovery in the U.S. economy is also contributing to the strength. Money is shifting out of U.S...

  • Lack of Economic Reports Shifts Focus to the Dollar
    The lack of economic reports today is shifting the focus by U.S. equity traders to the U.S. Dollar.  The prospect of the Fed keeping interest rates low for a “prolonged period” of time is helping to boost stock prices overnight as investors continue to treat the Dollar as a carry currency.  Because of the recent Fed FOMC decision to keep interest rates historically low, bullish equity traders have a 30-day free ride.  In other words, there is nothing in the economic picture i...

  • Last Reversal Day...
    The market was moving higher throughout the day with commodity stocks leading the way based on the dollar falling apart. It opened at 22.40 PowerShares DB US Dollar Index Bullish (UUP) and got down to 22.26, which is exactly where the bottom of that bullish falling wedge is. A move below 22.25 and we'd have blastoff for this market. 

  • Late Session Selling Pressures Stocks
    Stock index futures ended the day lower after bids were pulled late in the session allowing the market to plunge to new session lows.  Although the December E-mini S&P 500 made a new high for year, the inability of the Dow and NASDAQ futures to follow-through to the upside created a bearish divergence that helped weaken the market throughout the day.

  • Lateral But Stable...
    And that's not to be diminished in its importance. You don't have to keep blasting higher all the time to say that things look good. The 60-minute time frame charts got very overbought again and thus it is no surprise that the market didn't rocket up today, but all in all the action was solid for some very important reasons I will discuss later in this report. We started out with a small move down today but it didn't take long for the churning to begin once the initial sellers did their deed. T...

  • Lateral...
    When markets get overbought you usually expect a fast drop lower, and that may still, and actually, should take place. However, we are still in a clear up trend off the March lows and this market is trying to fight off those overbought 60-minute time frame charts with all its muscle.Today seemed like the perfect day for some unwinding and although we got a drop, it wasn't very much to get excited about thus we head in to tomorrow still overbought on the short-term time frame charts only.

  • How Does the Order Cancels Others Move Work?
    Learn about Order Cancels Others and how it is used in Forex trading when the price direction of a stock in unknown.

  • What is an Average True Range (ATR)?
    Discover how to utilize Average True Range (ATR) in forex trading. Maximize your currency trading knowledge with our full online forex guide

  • Forex 101 - Introduction to Foreign Exchange
    Discover a wealth of tools, strategies, indicators, tips and tricks on all things currency trading related. Download trading software free

  • What Does Parabolic SAR Do and How Does it Work?
    Discover the uses of the famous forex indicator Parabolic SAR, it purpose and uses in the world of forex currency trading.

  • Making Use of Quote Conversion
    Discover the many uses of forex quote conversion and chart conversion moves in the world of foreign currency trading.

  • What is an ECI or Employment Cost Index?
    Discover the importance of Employment Cost Index (ECI) to Forex trading and market trends.

  • Understanding the Benefits of Forex Leverage
    Learn about Currency trading Leverage as a powerful tool, its uses and functions, in the world of forex trading.

  • Industrial Production Indicator, Why Care About It?
    Learn to read and analyze one of the leading indicators of Forex trading - Industrial Production Indicator

  • Simple Moving Average
    Understand the use of Simple Moving Average to calculate Forex trading market behavior and forecasts. Trade with best Forex tools

  • What are Regulators and How to Choose a Good One?
    Understand the meaning of Currency Regulator in Forex trading and its influence on the T margin rules

  • What is a Limit Order and What Are Its Advantages?
    Learn about forex Limit order, the maximum or minimum amount at which a trader can sell currency, and its influence on the ecenomy.

  • What is a Stop Order and How to Perform It?
    Discover the meaning of Stop Order in Forex trading, how it is used by brokers to control the foreign exchange currency trading market.

  • How Is Stop Limit Order Done?
    Discover the use of Forex trading Stop Limit Order, and how its an influencing factor in price ranges.

  • What is a Minor Currency and When is It Used?
    Find out how Minor currencies fluctuate rapidly basis causing their price to be defined daily by the currency trading market.

  • Determining the Influencing Forces in the Forex Market?
    Find out what the influencing factors in Forex market are, from Gross Domestic Product to Retail Sales Report and Industrial Production Report.

  • What is Gross Domestic Product and What is Its Function?
    Discover how learning all about the GDP or Gross Domestic Product is key in forex trading as a currency trading indicator

  • Understanding Lot and Its Relation to Forex
    Understand the standard unit known in forex trading as Lot and how it is used in the world of currency trading.

  • Learn All About the World of Forex Trading via Forex Articles
    Forex articles offer an informative, comprehensive, up to date look at the world of Forex trading.Reporting market movements and trends as they happen when the happen.

  • What You Need to Know About Directional Movement Index (DMI)
    Learn all about Directional Movement Index (DMI), one of the tools that Forex trading uses to check trend trading strategies

  • The Value of Trade Balance to Local Economy
    Discover the importance of forex trade balance to import and export values and their related impact on currency trading.

  • What are Candlestick Charts and Why We Should Use Them?
    Forex candlestick charts are used to analyze the present situation of the market, providing visually comprehensive indication of current markets stats.

  • What is Interest Rate Differential and How to Calculate it?
    Learn How to Read Interest Rate Differential and Enjoy the Benefit of Knowledge to Successful Forex Trading.

  • What is Price Interest Point and How Do I Read It?
    Study all about Price Interest Points and its influence on the Forex trading market. Learn to use the tools of calculation for best online forex trading

  • How Do I Read the Stochastic Indicator?
    Discover the uses of Stochastic Indicator, an major influencing force int he world of online currency trading.

  • When to Use Purchasing Management Index (PMI)?
    Discover the uses and functions of Purchasing Management Index (PMI) in determining forex trading trends and market movements.

  • What is Commodity Channel Index (CCI) and How Do I Read it?
    Understanding the Forex Commodity Channel Index (CCI) is essential to maximize forex trade and profit.

  • What Is Base Currency and What Is It Good For?
    Discover how Forex Base Currencies, also known as domestic currencies, can help you trade with confidence and success

  • What Are Forex Charts and How Do to Read Them?
    Learn to make the most of the Forex charts traders use to determine market trends, forecasts and behaviors, because knowledge is power.

  • What is Rate of Change (ROC) and How To Compute It?
    Understand the meaning of Rate of Change and the use of this technical indicator in the world of online currency trading.

  • Howe to Read a Consumer Price Index?
    Consumer Price Index (CPI) is a tool used to determine the effect of inflation in the incomes, benefits, and prices of goods or commodities used.

  • What are Donchian Channels and How Are They Used?
    A comprehensive online guide to Forex Donchian Channels, commonly known as price channels, an important Forex Trading tool.

  • How Do I Read Bar Charts and Why Should I?
    Learn all about bar charts and how to read them - the most common way to display currency movement in Forex trading

  • Let The Earnings Season Begin...
    We've had some good earnings reports prior to this evening but when Alcoa Inc. (AA) reports, that's the official kick off to the earnings season. There have been some great reports and some not so great reports thus far but all in all it has been pretty good. Of course, they're good based on lowered expectations but we have to adjust to how the market sees things, not how our hearts and minds see them.

  • Little Movement in Forex Markets Ahead of Fed Announcement
    The U.S. Dollar is trading flat overnight against most major currencies ahead of this afternoon’s Fed FOMC announcement. Many of the markets are trading inside of yesterday’s ranges, driven primarily by position squaring as traders try to assess the Fed’s next move.The consensus says the Fed is likely to acknowledge that economic growth has accelerated since its last meeting in December but risks still exist to the economy because of tight credit conditions and unemployment. Based on the e...

  • Long dollar positions remained in place going into 2010
    The latest IMM data covers the week from 29 December to 5 January. First positioning data of the new year shows that non-commercial investors have reduced long dollar positions slightly – though remaining marginal net long overall. A clear divergence can be seen among the G10 currencies, however. Net long dollar positions remain in place against the EUR, JPY, CHF and JPY – which were even built marginally further – while net short dollar positions are kept against the commodity currenci...

  • Long−end of Treasury Complex Reacts Negatively to Fed Statement
    Stock indices managed to eke out a small gain after the Fed left interest rates alone but offered more details as to how it plans to exit its stimulus programs.  Although the Fed said the employment situation was improving equity traders failed to take notice and instead focused on the thought of higher interest rates.  Stock indices weakened shortly after the release of the FOMC announcement when buyers failed to show up.  The charts indicate that the way of least resistance is ...

  • Losing The 50's On The Nasdaq and S&P 500... Only Above On The Dow...
    That's what we did today. Actually did a little dance as we bounced off of them first, just to make the bulls feel things weren't going to get out of hand. The market had been putting in negative divergences after negative divergence for quite a few months off the March lows. As the move matured we could see each poor divergence getting larger than the one before. The red flags were up. I spoke about this day after day. We stayed long because we hadn't seen a reversal stick that said these dive...

  • Low Demand for Equities Indicative of Top
    U.S. equity markets traded sideway-to-better after the government released a weaker than expected jobs report.  The unemployment rate hit also hit a 26-year high at 10.2%. The bears see this report as a sign the economy is worsening.  The bulls read it as a chance to continue to demand higher risk because it reduces the likelihood of a Fed rate hike until mid-2010.  This means that liquidity will be readily available for at least the next six months.  While this may be true,...

  • Low Volume Session on Thursday
    Daily Review 28/12/2009USD Dollar (USD) – The Dollar finished mixed versus the majors after a low volume session on Thursday ahead of Christmas Eve. Core Durable Goods Orders came out 2% better than 1% expected. Initial Jobless Claims came out 452K better than 470K expected. The bigger than expected drop in jobless claims helped stocks reaching new 15-month highs in the U.S. The Dow Jones rose 0.51% and the NASDAQ 0.71%. Gold (XAU) rose back above 1100$ mark closing at $1,104 an ounce. Crude o...

  • Low volume session on Dollar, Euro and Sterling fell against Dollar
    Daily Review 16/02/2010 USD Dollar (USD) – The Dollar traded in a narrow range on a low volume session with the US markets closed for President's Day. Crude oil closed at 74 $ a barrel, Gold (XAU) gained and closed at 1100$ an ounce. Today, The NY Empire State Manufacturing Index is expected at 17 vs. 15.9 previously. The Treasury International Capital (TIC) Net Long-Term Transactions is expected at 50B vs. 126.8B previously.EURO (EUR) – The Euro fell modestly against the Dollar still tradi...

  • Lower Demand for Higher Risk Assets Pressures Equities
    U.S. equity markets are called lower this morning following sell-off in Asia and Europe.  The stronger Dollar is leading some investors to pare positions.  Traders are trying to protect profits at the end of the year as chart patterns suggest there is more downside than upside potential at current levels. 

  • Major Currency
    Guide to the major currencies which are traded in the forex trading market and the major traders that trade with these currencies.

  • Majors Gain Against the USD
    Daily Review 14/10/2009USD Dollar (USD) – The Dollar was down versus most majors as global reserves shifting away from the Dollar and demand for higher yielding assets kept dragging it lower. NASDAQ closed almost flat with 0.04% and Dow Jones declined by 0.15% , Crude rose by 1.2% to a 7 week high closing at 74.89$ a barrel as global demand is expected to rise. Gold (XAU) gained by 0.71% closing at 1063.9$ an ounce on weaker Dollar. Today, Retail Sales are expected weaker with -2% versus 2.7% ...

  • Margin Trading Account
    An extensive explanation of the online forex trading market, that dwells into the meaning of marginal investment.

  • Market At Mid Range..Some Leaders Breaking...
    But nothing is broken as those that are breaking can come right back up. It isn't great to see Apple Inc. (AAPL) lose the 50-day exponential moving average for the second time in short order. It lost it and surged back through with an eight point up day but that has now been largely lost, and we are again below on this massively important leader. It's only by a little more than a dollar (50's at 193.80) and it wouldn't take much for AAPL to recapture this critical level but it's still not great...

  • Market Driving Us All Nuts...
    You don't want to short a market in a confirmed up trend. At least not very often. I mean, why go against the trend in place. For the most part, this will just bring about bad results. On the other hand, as we trade closer to the top of the range, the market doesn't seem to want to explode up and out either. You do have to hand it to the bulls overall though. Even though they can't seem to break away from S&P 500 1100, they are keeping the pressure on the bears seemingly day after day....

  • Market Hits New 2009 High....Pull Back Time?...Eyeing Some Negative Divergence...
    We finally made the move over the 1080 level on the S&P 500. It took quite a long time with lots of close calls that teased the bulls and gave the bears reason to wipe their brows in relief. The gap was on huge volume back in October 2008 thus it really came as no surprise that we failed the first tests up there. With the bears never really able to sell things off, the bulls finally found a way to get the job done. At the same time we cleared 1080 on the S&P 500, the Dow made a run and...

  • Market Holds On..Additional Leaders Losing Support...
    The market had yet another reversal off this S&P 500 1113-117 area. Nominal new highs, daily it seems. but no new gap up and runs that blast the shorts out of the water. This level is proving too difficult for the bulls to get through. The bears are able to attack it with little effort in holding it at bay. Roughly four failures now. At some point there are enough failures and the market has to reverse and head lower with some force for a while. No guarantee's but with today's late reversal...

  • Market Holds Well...Earnings On Tap...
    The market had every excuse on planet earth today to just fall out of bed. A very bad jobless report hit the street when there was a loss of 85,000 jobs. Expectations were for a loss of 10,000 jobs. The market didn't like the news initially as the futures took a pretty hard hit although not nearly as hard as I expected once the news actually came out. If the Dow futures had fallen one hundred points, I don't think there's a bull around who would have said that doesn't make sense. The market ha...

  • Market On Breakout...
    Friday was ugly and certainly well within normal behavior when you consider just how overbought those daily charts had been. Some unwinding was needed thus that selling couldn't be unexpected. You would think that the market would spend some time unwinding further but not this market apparently. The futures shot up overnight. The dollar fell and that was the perfect tonic for the market. It seems a falling dollar is still the best medicine for this market, although we have seen the market stay ...

  • Market Settles In To A Range....Lateral Base Continues...
    Of course, that doesn't mean we can't and won't pull back because we will. We will have selling episodes that feel bad, but with the bears unable to take out those 50-day exponential moving averages with force, there is nothing bad going on for the bulls. We did break below on a closing basis on the S&P 500, but barely. The Nasdaq lost by a bit more but the Dow never broke. I wrote a nightly commentary on this.

  • Market Settles In To A Range....Lateral Base Continues...
    We have a market setting up in what is clearly becoming more of a longer term lateral consolidation off the huge move up from the March 9th lows. Longer term lateral consolidations are usually what take place after a strong move has been made one way or the other for a prolonged period of time. We had a huge move higher, and instead of just quitting and rocking lower as many are calling for, this market is confusing the masses by setting up a whipsaw lateral consolidation that is playing heavi...

  • Market Trying To Carve Out A Bottom...
    But you know it won't come easy folks. Once we broke down below the 20- and 50-day exponential moving averages, back tested and fell again, the trend changed from up to down. breaking trends, once in place, is not an easy chore. So you try to look for small clues that suggests that if the trend hasn't changed yet back to up, it is certainly trying to put in a low for this strong move lower off the 1151 top on the S&P 500. A process that can feel like you just sat in the dentist's chair for ...

  • Markets Turn Late...
    The stock market needed fear. A bull bear spread of 37.5%. Markets normally have a strong pullback once you see levels over 35%. It's not an exact timing mechanism but it was coiled spring looking for a catalyst. It found it and down we went. It was no small move down either as two and a half months of gains were wiped out in three days worth of market action. That's more than just ouch. Moves down are always more aggressive than moves higher because fear is a greater emotion than greed. Just t...

  • All You Need to Know About Forex Analyzing Tools
    Perfect your currency trading strategies by learning forex analyzing tols. Study and safely invest wisely with our comprehensive guide.

  • Momentum
    Momentum analysis is an important tool for forex trading technical analysis that should be learned by every trader of the currency trading market.

  • Money Leaving Equities for Safe−Haven Assets
    Equity markets are called lower this morning.  Fear that stock prices may be way ahead of the economy is putting downside pressure on equities.  With the end of the mutual fund fiscal year ending on Friday, many money managers may be trying to lock in profits by selling out or paring down winning stock positions.  Volatility is picking up and a bias to the downside is developing.  The December E-mini S&P 500 breached key 50% support overnight at 1056.75.  This means...

  • Money Rotating...Not Leaving The Market...
    This is maybe the single most important aspect of what's been happening with the stock market. Take a moment to reflect on the past many months. For a very long time the bears could not understand why the market was holding up with the banks and the rest of the financial stocks doing so poorly. Day after day we saw major stock leaders in that area of the market losing its 50-day exponential moving average. Once lost they'd stay lost. It was really more of a lose the 50's and run lower scenario ...

  • Monthly Technical Outlook
    Comment: The rally to a high at the psychological 1.5064 last month is seen as the tiny ‘extension’ we had warned of. We shall allow for consolidation in a fairly narrow range under here this month, roughly between Fibonacci retracement support at 1.4500 and 1.4900. More importantly, declines are seen as medium and long term buying opportunities for an even weaker US dollar towards year-end and into Q1 2010.

  • Monthly Technical Outlook
    Comment: The Euro held up better than expected last month, the US dollar under constant pressure, and has just managed weekly and monthly closes above the psychological 1.5000 level. This might add some bullish momentum for a short-squeeze into year-end, so allow for a rally to an area of poorly defined resistance between 1.5145 and 1.5465. During Q1 2010 prices should retreat a little and consolidate but note that we consider the long term trend to be one of generalised US dollar weakness wit...

  • Monthly Technical Outlook
    Comment: As feared, the Euro saw a second consecutive monthly decline as prices move into the gap which has opened up in the weekly Ichimoku ‘cloud’ chart. It has now retraced almost half of last year’s gains, in the process becoming as oversold as it was in September 2008, though bearish momentum is only half of October 2008’s record. We now expect it to try and stabilise this month, rallying back up to the 1.4200/1.4300 area by mid-March.

  • Monthly Technical Outlook
    Comment: The Euro was last month’s worst performing major currency, dropping back down to where it was early September. This has forced us to adjust our medium term view and we do not expect a break above the psychological 1.5000 area this quarter. Instead we expect it to try and stabilise against Fibonacci support this month, possibly trading back up to the 1.4700 area within the next six weeks.

  • Monthly Technical Outlook
    Comment: Last month the Euro squeezed higher, as expected, and is now due a short period of consolidation in the 1.4600/1.4800 area, though an extension to the psychological 1.5000 level cannot be ruled out. More importantly, declines are seen as medium and long term buying opportunities for an even weaker US dollar later this year. Dips might be limited to the nine-week moving average at 1.4443 which also happens to be the first Fibonacci support.

  • More USD strength is likely but I still question the overall trend
    This may be a USD bottom but I am still using caution until we see more evidence a turn has started in earnest. USD Index - The trend is still intact. 75.00 may prove to be the psychological barrier however a true break has not yet occurred.

  • More and more intervention talk to come out of Japan
    S&P 500 futures closed higher by 13.50 points yesterday and buying interest that came in right after the US payrolls release Friday continued to drive equities higher. It traded above the minor 1056 briefly, but fall back rather quickly and more resistance at 1065. The weakness from 17th to 24th of September in the S&P 500 futures still in focus in the background and we are now looking for a low volume up bar (daily) to enter shorts. A break above 1075 would again open for more upside. ...

  • Moving Averages
    Learning about Forex Trading moving averages? This is the best and most extensive forex trading course online. Tips, Guides, and Software downloads

  • NASDAQ − Resisting Change?
    Like the Dow and the S&P 500, the NASDAQ has been rising fairly steadily since March of  2009.   The NASDAQ is interesting in that it is both an index, and a place where investors trade stock electronically.  As an index (an average of numbers derived from the movements of particular stocks), it measures 4,000 stocks as opposed to the Dow which measures 30.

  • NASDAQ and Dow Jones Reach 13 Month Highs
    Daily Review 17/11/2009USD Dollar (USD) – The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail Sales came out at 1.4% better than 1% forecast but Core Retail Sales came out 0.2% worse than 0.4% forecast. NASDAQ and Dow Jones reached new 13 month highs with 1.38% and 1.45% gains respectively after Bernanke's speech. Crude gained by 3.3% closing at 78.87$ a barrel and Gold (XAU) jumped by 2.02% closing at 1140.4$ an ounce. To...

  • NASDAQ and Dow Jones Rose
    Daily Review 28/01/2010 USD Dollar (USD) – The Dollar strengthened versus most majors. Sales of new homes in the U.S. unexpectedly dropped in December and the FOMC members kept the interest rate unchanged at 0.25%. The FOMC said they will keep short-term interest rates near zero in an effort to continue supporting the shaky economic recovery, but made no changes to its $1.25 trillion program to buy mortgage-backed securities, which was created to support the housing market. That disappointed ...

  • NZD: Kiwi is challenging key ultra−long term resistance around 0.7500
    Comment: After the stellar rally since March, once again the Kiwi is challenging key ultra-long term resistance around 0.7500. More impressive still is the fact that over the last three months pullbacks have been shallow and take the shape of a potential ‘flag’ formation. December’s close just above 0.7200 has kept momentum bullish and this should increase on a weekly close above 0.7450. This in turn should set off a re-test of the psychological 0.8000 and then the all-time high at 0.8213...

  • NZDUSD (0.7034)
    NZDUSD touched its target at 0.7050 and we might see a dip from NZDUSD from that level as there is a good resistance present around 0.7050 in weekly charts. Aggressive traders will look to sell NZDUSD around that level with a short stop and will target a nice intra-day trade along the retracement.

  • Nasdaq and Dow Jones Declined
    Daily Review 18/01/2010USD Dollar (USD) – The Dollar gained versus most majors as stocks declined following investor's doubts about the economic recovery. Consumer Price Index came out worse with 0.1% versus 0.2% expected but had no effect. Michigan's Consumer Sentiment came out weaker as well with 72.8. NASDAQ and Dow Jones declined by -1.24% and -0.94% respectively led by drops in the financial sector. Crude dropped by -1.75% closing at 78$ a barrel and Gold (XAU) declined by -1.09% closing ...

  • Nasdaq and Dow Jones Decrease
    Daily Review 27/10/2009USD Dollar (USD) – The Dollar strengthened versus most majors especially versus the Euro after Bank losses caused more concern and lifted Safety Demand again. NASDAQ and Dow Jones decreased by -0.59% and -1.04% respectively, Crude oil fell by -2.3% closing at 78.68$ a barrel , Gold (XAU) declined by -1.3% closing at 1042$ an ounce. Today, CB Consumer Confidence is expected at 53.7 vs. 53.1 prior, Treasury Sec Geithner will speak.EURO (EUR) –The Euro fell versus the Dol...

  • Natural Gas Daily Technical Outlook
    Nymex Natural Gas (NG) Natural gas's rally extends further as expected and reaches as high as 5.569 so far. At this point, intraday bias remains on the upside as long as 5.37 minor support holds and further rise should be seen to 61.8% projection of 2.409 to 5.318 from 4.157 at 5.955 next. On the downside, below 5.37 minor support will turn intraday bias neutral and bring retreat, probably to 4 hours 55 EMA (now at 5.159). Nevertheless, downside should be contained above 4.837 support and bring...

  • Natural Gas Daily Technical Outlook
    Nymex Natural Gas (NG) Intraday bias in Natural gas remains neutral as sideway consolidation continues. With 5.850 minor resistance intact, another fall cannot be ruled out. Below 5.354 will bring deeper pull back towards 61.8% retracement of 4.157 to 6.108 at 4.902. On the upside, break of 5.850 minor resistance will indicate that pull back from 6.108 has completed and will flip intraday bias back to the upside for a retest on 6.108 resistance.

  • Negative sterling sentiment remains in place
    The latest IMM data covers the week from 22 to 29 September. Negative sterling sentiment persisting in the market combined with a continued decline in GBP/USD coincided with speculative investors adding further to net short GBP positions. GBP/USD broke lower in the week and several key support levels were taken out on the way down to a 1.5772 low. Net short GBP positions stand at almost 50% of open interest, reflecting that speculative flows have catalysed the GBP sell-off, but also that GBP...

  • Nevertheless the ECB kept its key interest at a record low of 100bps for now
    Good morning and welcome to our last Daily FX Report for this week. As expected the ECB didn’t change its key interest rate though Trichet’s comment afterwards was very interesting as he said how important a “strong” USD for Europe is. Anyway, we wish you a nice weekend.

  • New Home Sales in US Fall and USD Weakens
    Daily Review 24/12/2009 USD Dollar (USD) – The Dollar weakened against most majors after New Home Sales in the US unexpectedly fell last month, coming at 355K vs. 439K expected, indicating the recovery will be slower than first anticipated. NASDAQ rose by 0.75% and Dow Jones closed unchanged. Crude oil jumped by 3.1% after oil inventories showed a drop and came out at -4.9M vs. -1.5M forecast. Oil closed at 76.6$ a barrel. Gold (XAU) increased by 0.7% closed at 1093.3$ an ounce. Today, Core D...

  • New Years Wrap Up
    Daily Review 31/12/2009 USD Dollar (USD) – The Dollar ended mixed versus the majors after better than expected Chicago PMI showed Companies in the U.S. expanded more than anticipated in December causing the Euro and Pound to gain back versus the Dollar. The Chicago PMI rose to 60, the highest level since January 2006. NASDAQ and Dow Jones rose by 0.13% and 0.03% respectively. Crude oil gained by 0.5% closing at 79.28$ a barrel after Crude Inventories showed a drop of 1.5M barrels leading pric...

  • News From Dubai Rocks Most Majors
    Daily Review 30/11/2009USD Dollar (USD) – The Dollar lowered versus most majors on Friday as Dubai debt concerns were reduced due to UAE's pledge to back foreign and domestic banks in Dubai. NASDAQ and Dow Jones dropped by -1.73% and -1.48% after being closed on Thursday due to Thanksgiving. Crude fell by -2.45% closing at 76.05$ a barrel and Gold (XAU) fell for the first time in 9 days with -1.08% change closing at 1174.2$ an ounce. Today, Chicago PMI is expected weaker with 53.1 versus 54.2 ...

  • No Follow Through...
    And that's what everyone was expecting after that wonderful hammer on all the critical index charts in the last hour on Friday. The S&P 500 touched the 200-day exponential moving average at 1046 (1044 print) and then burst higher. It was the first test in an extremely long time and after losing the 20- and 50-day exponential moving averages, one would think that whichever index got down to the 200-day exponential moving average first would give the market a quick blast higher and that's wha...

  • No News Day Weakens Dollar
    The U.S. Dollar traded most of the day in a range and finished lower.  With the lack of major economic news this week, global investors were forced to worry about another round of U.S. debt.  Throughout the week, the Treasury is going to add to its already massive debt pile by another $118 billion. 

  • Nothing Bearish Here....
    It is stunning to me to listen to so many who have gotten bearish here. Any selling, especially in a leading stock such as Apple Inc. (AAPL) over the past two days, gets the bears rocking and coming out of the closets. Look, I know there are no guarantee's here as the market could fold over at any time without warning, but I just don't see anything that says things are deteriorating. Not at all. Look at today's advance-decline line on a flat day. Very strong across the board with advancers easi...

  • Now The Bulls Fail..For Now...
    Yes, that's the way it has been for nearly three months now. Each side taking turns missing out on their opportunities once it's right there for the taking. There are enough bulls and enough bears at critical junctures to be sure that no one takes the other side to their demise. Oh so close the other day as the Nasdaq challenged its 50-day exponential moving average. The bulls came in and blasted things right back up. Today we saw the S&P 500 and all of the major index charts get right to t...

  • Nowhere...
    I can try to think of a catchy title but what a waste of time. Only thing to say is what I said. We are Nowhere folks! The tape isn't a thing of beauty for either the bulls or the bears. It's playing, on almost a daily basis, with the 50-day exponential moving average on the S&P 500 while trading above it on the Dow and below it on the Nasdaq. A hunger for lower beta and lower P/E's is the story these past few weeks. That happens when markets, at the very least, are in correction mode. We f...

  • Nowhere...
    Those 60-minute charts are unwinding but those daily and weekly charts have yet to begin that journey. The market will likely try to bounce around in our confirmed up trend, but it is undeniable that those daily oscillators are going to have to come down over time, likely a lot sooner than later. The 60-minute charts can give the markets a quick boost up but that’s likely going to be brief as the daily charts will then take over and limits any real upside. Stocks bouncing back up, such as App...

  • Obama Fighting Unemployment
    Daily Review 9/12/2009USD Dollar (USD) – The Dollar continued gaining versus most majors as investors turned to the Safe Haven of the Dollar as the global economy keeps struggling to end the recession. President Obama called for more federal spending to fight the unemployment. IBD/TIPP Economic Optimism was out weaker with 46.8 versus 49.5 expected. NASDAQ and Dow Jones dropped by -0.76% and -1.00% respectively as the Dollar strengthened. Crude weakened by -1.23% closing at 73.02$ a barrel and...

  • Obama Plan Seen as Dollar Negative
    The U.S. Dollar is down against a basket of currencies overnight as global investors assess the impact of President Obama’s proposal to limit trading by financial institutions. The early read is that investors feel the proposal is Dollar negative and in the long-run may discourage investors from buying U.S. assets.

  • Obama proposal to limit risk and trading for banks is not good news for the USD
    The background weakness in S&P 500 futures that we have mentioned for many days did materialize yesterday and it traded down toward our 1st correction target of 1106, hit low of 1108.50 overnight. We reiterate our view last few day’s report “The price action following the JP Morgan and Alcoa better than expected might signal as shift in the market sentiment to higher demand from investors of top line growth and not only cost cutting. We believe this will be very important going forward...

  • Obama's Regulatory Proposal Rocks Equity Markets
    President Obama’s new regulatory proposal to curb trading by financial institutions and the fear that the economy may slow down led to a massive sell-off in equities on Wall Street. Support failed in the stock indices early in the session after fresh money failed to show up.  This broke the pattern of the last two days and set the tone for a sizeable retracement break. The trend will turn down in the March E-mini S&P 500 on a penetration of 1109.75, but fresh buyers may step in follo...

  • Oil prices stop falling
    Oil prices increased after FED’s publication about industrial production in the U.S., which raised by 0.8% against the forecasted 0.5% increase. This can be a sign, that demand for oil might increase soon. Yesterday, the American Petroleum Institute published a report about oil supplies, which keep consequently increasing and reached the highest level since April of 2009. Today, the Department of Energy will publish a similar report.

  • One Year Outlook for Currencies
    Comment: We underestimated the need for US dollars when de-leveraging; we now feel that investors are now more carefully assessing currency needs and preferences. Having already reversed a lot of last year’s losses, admittedly in very thin conditions, we feel the Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000. Late in Q2 we expect the Euro to strengthen some more, to 1.5500 and hopefully by then one-month at-the-money implied volatility w...

  • One risk in such trades is that currency market moves will erase profits
    Welcome to Varengold’s Daily FX Report. Today, the South pacific will be at the main focus while the RBA signaled an economic upswing, which makes the nations’ assets popular. Anyways, we hope you will have a successful trading day.

  • Optimism Helping to Drive U.S. Equity Markets Higher
    U.S. stock markets are trading sharply higher at the mid-session, driven by reports that the Greek sovereign debt problems will be resolved shortly. Stock investors are driving up stocks across the board as confidence is being restored to the markets. Bargain hunters have also stepping in to take advantage of lower priced equities.On Monday, the Dow closed under 10,000 for the first time since November 2009. Some read this as a bearish sign while other saw this as a chance to gobble up cheap sto...

  • Optimism Helping to Drive U.S. Equity Markets Higher
    U.S. stock markets are trading sharply higher at the mid-session, driven by reports that the Greek sovereign debt problems will be resolved shortly.  Stock investors are driving up stocks across the board as confidence is being restored to the markets. Bargain hunters have also stepping in to take advantage of lower priced equities.

  • Option Expiration Creates Volatile Stock Trading Session
    U.S. stock indices traded sharply higher after recovering all of Thursday’s after hours break following the discount rate hike by the Federal Reserve.  Equity traders shrugged off Thursday’s action by the Fed after realizing the hike in the discount rate was not a tightening of the Fed’s monetary policy. 

  • Order Types
    An in depth examination of Forex trading limit and stop orders, trailing stops and take profit orders

  • Our Negative Divergences Kick In Hard...
    I've been talking quite a bit lately about the very nasty negative divergences across the major indexes on the daily charts. In many cases, quadruple negative divergences. That's not something you see very often. When it takes place, at some point in time there will be a price to pay for that type of set up. We are seeing that take place now. The sad thing is, if you're a bull, these set ups often end a bull market. Once the wedges go, there's no looking back.

  • Out How to Operate, Analyze and Make the Most of Forex Trading Tools
    Forex trading tools are the resource you need to place you ahead of the pack when it comes to Forex trading. Use our foreign exchange trading tools FREE

  • Overbought Conditions Likely to Support Stock Indices Today
    U.S. equity markets are showing small gains overnight as traders begin lightening up positions ahead of this Friday’s Non-Farm Payrolls Report. Economic reports may take a backseat throughout this week as traders try to determine how the employment picture has changed during the month.

  • Oversold Condition, Weakening Dollar Fuels Gold Rally
    A combination of oversold conditions and a weakening Dollar is helping to fuel a strong recovery rally in April Gold. After failing to attract fresh selling pressure following the break under the December bottom at $1076.50, this market formed a two-day support base before moving higher. Based on the short-term range of $1166.70 to $1074.40, traders should look for a retracement to $1120.50 to $1131.40. 

  • Privacy Notice
    ForexFloor Privacy Policy

  • Parity between Bullish and Bearish Party in Euro
    EURThe earlier opened and held short positions have had positive result of overlap of minimal anticipated target. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy, based on supposition of probable rate range movement within the frames of Ichimoku cloud, it is logical to assume sales starting from 1,3780/1,3800 levels with the targets of 1,3720/40, 1,3660/80, 1,3560/80...

  • Pivot Points Support and Resistance
    Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants us...

  • Place Orders
    Trade with the many different forex place orders available. Find out when and how each order is used in our extensive guide

  • Poor Housing Starts Weighing on Equity Markets
    This morning’s decline in U.S. Housing Starts is weighing on U.S. equity markets at the mid-session. Traders are beginning to question stock valuations given the current weak state of the economy. A break through 1100.00 in the December E-mini S&P 500 could trigger a massive break late in the session.Treasury futures are trading surprisingly lower given the weak housing number and the lower stock market. Today the U.S. reported that the Core CPI rose. This could be putting fear in trad...

  • Poor U.S. Economic Data Erodes Equity Market Support
    A weak U.S. housing number is helping to drive down stock prices at the mid-session as economists are now warning of a possible double-dip recession in the economy. Losses in the equity markets are leading to gains in the U.S. Dollar. Today’s durable goods report came out in line with expectations. Today’s action puts further importance on tomorrow’s U.S. Gross Domestic Product report. The December E-mini S&P 500 took out the 50% retracement support at 1056.75 and is now headed to ...

  • Position−squaring benefits the dollar
    The latest IMM data covers the week from 8 to 15 December. Short dollar positions have been unwound at an impressive pace ahead of year-end. From being very short the dollar only a few weeks ago, speculative investors are now close to being square – and have even turned net long the dollar against the euro. Assuming that speculative IMM positions are representative of overall positions on the currency market, the latest data suggests, however, that position squaring ahead of year-end is l...

  • Pound continues to Gain versus Dollar and Euro
    Daily Review 22/10/2009USD Dollar (USD) – The Dollar weakened against most majors after the FED said the district banks show stability and some improvements. MBA Mortgage claims which came out surprisingly much lower than predicted also put pressure on the Dollar. Wall Street closed down following estimates that Wall Mart will need to raise 200 billion Dollars. NASDAQ and Dow Jones decrease by 0.59% and 0.89% respectively. Crude oil jumped by 2.8%, reaching a yearly record high, closing at 81....

  • Preservation of Bearish Trend for Euro
    EUR The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked bearish activity priority at the break of key supports gives grounds to suppose sales priority for planning of trading operations for today. On the assumption of it as well as of bullish sign of indicator chart we can assume probability of the achievement of close Ichimoku cloud border at 1,4760/80 levels where it is recommended to evaluate the de...

  • Pressure from APEC Continues to Mount Against U.S. Dollar
    The U.S. Dollar continues to feel downside pressure from APEC comments at the mid-session. Earlier the group of Asian-Pacific nations pledged to maintain stimulus until there’s signs of “durable growth”. This served as a sign that liquidity in the global markets will continue until strong economic trends can develop. Excess liquidity reduces the Dollar’s allure as a safe haven currency and increased demand for higher yielding assets.APEC leaders also challenged President Obama who is ...

  • Profit−Takers Hit Dollar after Chicago PMI Surge
    The U.S. opened higher after global equity markets weakened after a drop in demand for higher risk assets. The Dollar surged to its high for the day against most major currencies following the release of a better than expected Chicago PMI report. This report was another sign that the U.S. economy was recovering from the recession. After the early morning rush to a new high, buying fizzled as traders began to take year-end profits. At this time, the Dollar is still higher, but downside momentum i...

  • Profit−Taking Hits U.S. Dollar
    The U.S. Dollar is trading weaker overnight after rallying to a 5-week high.  The current rally from the bottom at 74.27 is stopping short of the November 20th top at 76.50.  Technical factors indicate an overbought market which could correct back to 75.26 over the short-term before taking another shot at turning the main trend higher.

  • Pull Back Off The Top On The Best Possible News....But Nothing Is Broken Technically...
    What an interesting day we saw today. An unusual day from many perspectives. We can start with the jobless report that came out 60 minutes before the opening bell. Expectations were calling for nearly 150,000 job losses. We saw only 11,000. You can imagine how much the market loved that report, especially when you add in that the employment rate fell from 10.2% to 10.0%, another nice surprise. Of course, that's a bad number overall but it was better than the market had expected it to be.

  • Quiet Day...What Is The WLSH Chart Saying?
    I included that one tonight because it is the total market chart. It is not a very good looking one from the bulls perspective. It shows how it lost massive support when it fell below its trend line, 20- and 50-day exponential moving averages. Today it cleared back above all of those levels to get the bulls very excited. Problem was that the market trades for 6.5 hours per day, not 5.5. The last hour saw a long plunging tail, which allowed it to close back below the 20- and 50-day exponential mo...

  • Quiet Inside Day
    Today's candlestick traded inside of Friday's large down stick and normally that equates to another day of struggling for this market. When a market has trended down for a few or more consecutive days and you get this type of inside stick, you can expect a little more selling in normal times. Apple's (AAPL) earnings tonight could try and turn that tide but normally the market will have a tougher time. Futures are up some after hours based on AAPL so it may be different this time but don't bet o...

  • Quiet Inside Day
    Take a stock such as Apple (AAPL), which had a very nice day. Or did it! Great earnings for sure and rewarded for those earnings. It opened at 205.95 and closed at 205.94 after printing nearly 214.00 intraday. It actually printed a doji and a black candle and on a big move like that you don't want to see the sellers catch up so late in the day and print that black candle. The last hour did a lot of damage. We saw that type of reversal down on all the index charts and thus they too didn't print ...

  • RSI Indicator
    Get to know the Forex trading Relative Strengh Indicator (RSI) up close and personal.

  • Range Bound Market...Daily's Still Somewhat Overbought...
    The daily charts were very overbought a few days ago but selling has taken them down off very overbought to a more neutral position, but if you want to be exact, you could say they're still a bit more on the overbought side. The 60-minute or short-term time frame charts are now very oversold. Three days of selling will do that for sure. This should equate to some move higher early next week but don't expect the moon on any move higher. That isn't likely to take place until we get a more intense...

  • Reaction Muted Following U.S. ADP Report
    The reaction in the markets was muted this morning following the release of the U.S. ADP jobs data report.  The report showed that employers cut 84,000 jobs in December.  This was down from 145,000 jobs lost in November. The adjustment to the November figure was positive as it was originally estimated that 169,000 jobs were lost.

  • Renewed Demand for Higher Risk Assets Fuels Surge in Commodities
    A renewed surge in demand for yielding assets is helping to drive crude oil and gold prices overnight.  A firm undertone is also developing in the equity markets while the Dollar is under pressure. 

  • Renewed Demand for Risky Assets Pumps Up U.S. Equities
    Renewed demand for higher risk assets helped to drive the March E-mini S&P 500 through the December high at 1126.50 to 1129.75.  A better than expected U.S. Manufacturing report helped to underpin the U.S. markets and create upside momentum.  Traders seem to be positioning themselves for further upside on expectations the economy will continue to improve. 

  • Reports Trigger Dollar Rally
    The Case-Shiller Housing Price Report and the Consumer Confidence report helped trigger a break in the stock market which turned the Dollar around at the mid-session. The housing number showed an increase in prices while he consumer confidence report showed an unexpected drop.The EUR USD gave back all of its early gains and is now trading lower. The charts indicate that the retracement zone at 1.4762 to 1.4696 is the next key downside target and support area.The GBP USD is trading a little be...

  • Reversal At The Top....Consolidation Is Alive!!!
    I know today feels bad. It looks bad as well. A nice rolling top now in place with those MACD's and stochastics crossing and pointing lower. Every reason to believe, if you're a bear at heart, that the end has arrived for this rally. That may well be the case but by no means is that the case with what we have at today's close. The indexes are still above those critical 50-day exponential moving averages. You can anticipate if you like that they're going away, but I prefer not to do that as we h...

  • Rise of Bearish Momentum in Euro
    EUR The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked relative rise in bullish activity gives grounds for choosing sales in planning trading operations for today. Therefore, considering current bullish direction of indicator chart, we can assume probability of rate return to close border of Ichimoku cloud at 1,4720/40 levels, where it is recommended to evaluate the development ...

  • Rising Global Equity Markets Pressure Dollar Overnight
    Stronger global equity markets are contributing to the weakness in the Dollar as traders are once again increasing demand for more risky assets after reassessing U.S. economic data and the odds of an interest rate increase by the Federal Reserve.

  • Rising of Bearish Activity in Euro
    EUR

  • Risk Aversion Drives Dollar Up and Equities Down
    The U.S. Dollar is trading sharply higher overnight as investors are once again becoming more risk averse.  This week, investors are facing three major central bank meetings and the U.S. employment report.  Investors are worried about the central banks removing government stimulus, and its possible negative impact on the economy, particularly the financial sector.

  • Risk Aversion Supporting Dollar
    Weaker U.S. equity markets are helping to prop up the Dollar as traders have become more risk averse to higher yielding assets. Trading conditions are thin which makes it difficult to determine if today’s action is being triggered by holiday liquidation or U.S. economic reports. Nonetheless, the trading action is not normal so beware of possible traps being set by shrewd speculators.This morning it was reported the U.S. 3rd Quarter GDP fell from 3.5% to 2.8%. This was inline with economist ...

  • Robust Demand Supports Treasury Markets
    December Treasury Bonds and Notes were able to post higher closes after robust demand at today’s treasury auction helped drive down yields.  This is a sign that investors are looking for safety.

  • Robust U.S. GDP Report Renews Interest in Higher Yielding Currencies
    A better than expected U.S. Third Quarter GDP Report is sending the Dollar sharply lower at the mid-session. The Dollar was trading weaker prior to the release of the report as many traders thought this week’s rally was too much, too soon. The Dollar plunged to the downside after the report showed a robust increase of 3.5% compared to pre-report guesses of 3.2%. Traders are expressing their satisfaction with the report by renewing their interest in higher yielding assets. This is putting p...

  • S&P 500 Finishes Week Lower; Risky Assets Look Overextended
    Trading ended in the stock index futures on Friday with the three major indices getting hit hard by selling pressure.  Lower demand for higher risk assets was the theme today as traders took profits and failed to buy on the dips. The recent sharp rise in the equity markets has led many traders to feel that current prices are overextended given the state of the economy.

  • S&P 500 Joins The Nasdaq For Now...
    Today was a very interesting day from this perspective. Normally, when a market gets overbought on the short-term time frame charts, it sells off some almost immediately. If we were in a bear market or a strong down trending market, it probably wouldn't last but a moment. The selling would kick in basically immediately. We spent an entire day today at overbought. Unusual but bullish. At some point we'll need to sell that off some to unwind things but it was great action to see overbought stay o...

  • S&P 500 futures above 1090 this morning and be rallying on strong earning over the last sessions
    S&P 500 futures above 1090 this morning and be rallying on strong earning over the last sessions.The break above 1075 opens for more upside, but need to see some strong days to carry the rally away from this break out level, otherwise we see a risk for a failed break out. Bottom line is now strong above 1075 until we see clear weakness. On the other hand, Gold is showing signs of weakness and could fall back and test the break out level of 1033 near term. We will monitor Gold closely over...

  • S&P 500 futures above 1090 this morning and be rallying on strong earning over the last sessions
    S&P 500 futures above 1090 this morning and be rallying on strong earning over the last sessions.The break above 1075 opens for more upside, but need to see some strong days to carry the rally away from this break out level, otherwise we see a risk for a failed break out. Bottom line is now strong above 1075 until we see clear weakness. On the other hand, Gold is showing signs of weakness and could fall back and test the break out level of 1033 near term. We will monitor Gold closely over...

  • S&P 500 futures made a bearish formation on daily chart Friday
    S&P 500 futures made a bearish formation on daily chart Friday, with a wide spread down bar, a bearish engulfing pattern in candlestick terms. This confirms the weakness from Monday last weak that looked like an up trust, meaning market players take prices above a resistance level to trigger stops only to drive the market lower later on. So we are still looking at possible shorts if the right signal present itself, not seen it yet. There have been quite a bit of news stories out lately foc...

  • S&P Finishes Higher but Erases Most Day−Session Gains
    All three major stock indices finished higher but intra-day trading action suggests that the markets may be getting expensive at current levels.  This morning the three indices surged to the upside mostly on strong buying in Asia and Europe overnight.  These markets were buoyed by the weaker Dollar and strong demand for higher yielding assets.

  • S&P Finishes at 50% of Recent Range in Lackluster Trade
    The December E-mini S&P 500 contract settled at 50% of the recent 1119.00 to 1085.00 trading range after failing at the .618 price of 1106.00.  Volume died after the opening and today’s session could best be characterized as lackluster and non-eventful.

  • S&P Posts Daily Reversal Top
    Wednesday’s weaker than expected ADP Report for November helped contribute to today’s drop in demand for higher risk assets.  This led to a stronger Dollar as traders sought safety in the U.S. currency while reducing exposure in riskier stocks and commodities.

  • S&P Rally Fails to Break through Last Week's High
    Despite the weaker Dollar and greater demand for higher risk assets, the December E-mini S&P 500 failed to break through last week’s high at 1112.25, stopping at 1111.50. The December E-mini NASDAQ also failed to make a new high. The December E-mini Dow did rally to a new high for the year, creating a divergence between the three contracts. At this time the divergence is insignificant unless these markets post daily closing price reversal tops. The rally in the stock indices has been w...

  • S&P and NASDAQ Finish Lower for the Month
    December S&P and NASDAQ stock index futures finished lower for the month while the December Dow eked out a small gain. The closing price reversal tops in the S&P and NASDAQ indicate that the selling is greater than the buying at current levels and set up the possibility for a 2 to 3 month decline.  Today’s sell-off was broad-based, which is another sign that the 10% to 20% correction that analysts have been anticipating may actually be taking place.

  • S&P and NASDAQ Post Weekly Reversal Tops
    Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ.  A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break. 

  • SGD: Trading down close to some of the lowest ever levels seen for this currency pair
    Comment: Trading down close to some of the lowest ever levels seen for this currency pair, below one standard deviation from the long term mean at 1.7500, matching the May 1995 low at 1.3830 ahead of the record low at 1.3450 set in July 2008. December’s bounce is clearly corrective and may have already peaked (although a re-test of the 1.4100/1.4200 zone cannot be ruled out just yet). The rapidly descending weekly Ichimoku ‘cloud’ should maintain downside pressure during H1 2010, but expe...

  • Seasonality Versus Overbought.....
    This is normally a very strong time of the year for the retail buying crowd. The market drifts higher even if the conditions aren't exactly perfect. This is what we currently have going on. The daily charts and the 60-minute charts are overbought. Intra day they were really at extremes of overbought, especially the 60-minute short-term time framers. RSI readings at 70 or higher with stochastics 90 or higher normally equates to a rather sizeable pullback. The market pulled back off its highs for...

  • Selling Accelerates...
    When sentiment needs correcting, the only way to really do it is to shake the tree. If you get small drips and drabs it is quite unlikely that you'll get scared out of the market. You'll look at every small down move as a buying opportunity. The only way to change that thinking is to make things look bad. Really bad. Scare you bad. To make you think twice about buying those dips and to get to the point where you won't buy the dips. Where your reaction to downside will be I am not touching that....

  • Selling To Come...Things Still Bullish Overall...
    Tonight I want to over multiple time frame charts with all of you to show you why buying anything new on the long side here is not the best of ideas unless you can scalp plays within hours. Not easy for the majority of you to do I know. I will be discussing the 60-minute time frame charts along with those critical daily and even weekly charts to show you what has set up and why taking on new longs right now is dangerous at best. Let me be clear that I do NOT think this market is going to get ki...

  • Sentiment Needs Correcting...
    This is what likely needs to happen. I have talked about the short-term risk for some days with the primary trend still being higher. Within those primary trends there comes a time when markets need to pull back lower. That needs to take place when sentiment gets too heavy on the bullish side of things. We now see sentiment readings very close to levels that have caused pullbacks in bull markets just about every time although timing it is virtually impossible. A 37.5% spread as of the week of J...

  • Sentiment Showing Fear...
    A while back, when I spoke about the need for the market to move lower based on sentiment extremes, I warned that fear would kick in hard and fast and that it wouldn't take long before the bears start to ramp up thus bringing the sentiment issue to a close. In fact, it would likely lead to having too many bears. On January 13th of this year we had a spread of exactly 37.5% more bears than bulls. Over that critical 35% area that usually changes the trend over time. Because sentiment isn't an exa...

  • Setting Up...But Gaps, 20's/50's Dead Ahead...
    When markets sell off roughly 10% off the top, it's extremely important to see how oscillators set up once the selling calms down. To look at how the daily charts will set up once some buying comes in. Watching the stochastics and MACD in particular to see if they can cross fast line over slow line which is bullish. Off deeply compressed levels we are seeing some nice crosses happen. This in it of itself does not guarantee that things will turn up and shoot higher from here but it does show goo...

  • Sharp Fall of Euro Bullish Potential
    EUR The pre-planned long positions from key supports were implemented with the achievement of minimal estimated targets. OsMA trend indicator having marked activity fall of both parties, does not clarify the choice of planning priorities for today. Therefore, considering the suppositions of further rate range movement we can assume probability of rate return to 1,4820/40 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of s...

  • Sharp Shift of Priorities in Euro
    EUR The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked rise in bullish activity at break of key supports, gives grounds favoring sales in planning trading operations for today. Hence and considering sign of rate oversold, we can assume probability of rate return to close 1,4960/80 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts o...

  • Shift in Risk Sentiment Boosting U.S. Equities
    Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso...

  • Short EUR positions at record level
    The latest IMM data cover the week from 26 January to 2 February. A broad-based flight from the riskier currencies coupled with Euro-zone sovereign debt fears have seen non-commercial investors add to their net long USD positions, which have now reached the highest levels since March last year. Concerns over a possible debt contagion in southern Europe continue to spook investors, causing a further build-up of short EUR positions. As a result, short EUR positions have grown to USD7.6bn, which...

  • Short EUR positions remain in place
    The latest IMM data covers the week from 12 to 19 January. Short dollar positions were extended slightly in the week to 19 January, but remain fairly modest at USD4.3bn. The build-up in dollar shorts mainly reflects an unwinding of short GBP positions, which were reduced to 24% of open interest, from 40%, amid general strong sterling performance. Following the collection of IMM data, sterling has lost its positive momentum, however, suggesting that also the momentum at which GBP shorts have be...

  • Short Sterling – December 2010
    Comment: This contract has seen a strong spurt so far this year, as have red months, while front ones are pretty much capped around 99.300 so that calendar spreads continue to narrow (and have further to go, March10/March11 target 70). This December 2010 contract is still somewhat overbought while soaring open interest over the last six weeks suggest bankers are already positioning for year-end and assuming Libor will stay put. The 9-day moving average has done an excellent job recently but we ...

  • Short Sterling – December 2010
    Comment: The UK yield curve is terribly steep as benchmark ten-year Gilt yields back up over 4.00%. Meanwhile Short Sterling calendar spreads continue to narrow (and have further to go, potentially moving back to the very long term mean of 18 for contract1/contract4) as glib assumptions on global economic recovery are reviewed. The money market exists in theory only as cash just isn’t changing hands. Futures contracts, despite being very overbought, have rallied further and faster than we had...

  • Short Sterling – June 2010
    Comment: Demand for index-linked and long-dated Gilts remains steady, regardless of what the media says. Almost record volume in this June10 contract yesterday, and record volume across all contract months, shows just how nervous traders are at these lofty levels. Nevertheless the cash market is ‘firmly anchored’ with prices going nowhere and nothing changing hands. Small signs of instability with last Wednesday’s ‘doji’ followed by yesterday’s sudden sell-off, which has corrected t...

  • Short Sterling – June 2010
    Comment: UK three-year Swaps are almost at February 2009’s record low of 2.221%, levels unimaginable at the 1990 peak of 14.550%. Over the last week the Treasury yield curve and calendar spreads in Short Sterling futures have flattened and narrowed, admittedly from historically extreme highs; this should continue and gather pace (March10/March11 down to 80) as hopes for a decent economic recovery this year are queried. Another week with new contract highs on good volume and the cash market un...

  • Short Sterling – June 2010
    Comment: The UK yield curve is still incredibly steep with much tut-tut ting about deteriorating government finances. Benchmark ten-year Gilts yield 70 basis points over Germany, as do Portugal’s, while Italy and Norway’s are 75 basis points over. Short Sterling futures contracts look set for an imminent break to new highs, having consolidated in a neat step up from October’s ranges, possibly coinciding with this week’s MPC meeting.

  • Short Sterling – June 2010
    Comment: Rising open interest in most contracts suggests extreme caution as the money market is still dysfunctional. Counterparty risk remains key, and now sovereign risk looms. Whether bankers get a bonus or not is irrelevant to this equation. We continue to feel that futures prices will sneak higher as hopes for a strong(ish) recovery fade.

  • Short Sterling – June 2010
    Comment: Interesting that now the world and his mother is resolutely anti-Gilts, calendar spreads in the Short Sterling futures contracts are narrowing. Very good volume last week, as contracts set new record highs, suggest many have been wrong-footed. Expect more of the same as the time element drops out as we approach delivery and hopes for economic recovery either fade or are pushed back in time again, and again. Here the Ichimoku ‘cloud’ led to an upside break from ‘triangle’ consol...

  • Short Sterling – June 2010
    Comment: Despite the doom mongers the DMO reports that yesterday’s £3.75B 2012 Gilt auction was covered 3.12 times, the strongest demand in eight years with an average yield of 1.663%, as £200B worth of QE ends. Short Sterling calendar spreads continue to narrow (and have further to go) as red months edge closer to Libor, which remains stuck at 0.61% capping front month contracts. This front June contract looks set to inch another tiny step higher, closing in on front March at 99.390 contra...

  • Short Sterling – March 2010
    Comment: Two’s/ten’s Gilt spread flattened as expected, with rates oneach leg moving in opposite directions. There should be more to come led by long dated yields dropping as investors realise that ultra-low interest rates are likely to persist for a very long time. Front-month money market futures should therefore rally towards official targets, helped by the forward element dropping out of the forward forward. This March 2009 contract, having set a new record high, is consolidating in a s...

  • Short Sterling – March 2010
    Comment: The strongest daily close ever, and March 2010 Eurodollars doing something similar, as we ponder how low rates can go. Note: 50-year Index-Linked Gilts are yielding just 34 basis points. Although 3-month Libor remains stuck around 0.59%, we feel futures contracts can and will trade higher, pushed up by very large Ichimoku ‘clouds’ and bullish moving averages. Impressive volume and rising open interest last week suggests many are not prepared to ‘wait and see’.

  • Short Sterling – March 2010
    Comment: Ten-year Gilts are leading the way to lower yields, and with Index-Linked ones yielding between 40 and 70 basis points two-year paper at 75 looks rather poor value. Therefore we feel the yield curve should flatten significantly medium term, and then stay flat for ages. Short Sterling calendar spreads should narrow too as hopes for economic recovery fade and/or are delayed, meaning red months offer better buying opportunities. Record volume on the 29th September’s sell-off is a remind...

  • Short Sterling – March 2010
    Comment: Hard to believe but despite another £25B of Quantative Easing Gilt yields have backed up by more than others so that two’s-ten’s spread hit a new record at 310 basis points – where the Short Sterling front March green March is trading. In fact every aspect of the UK yield curve looks too extraordinary for words: no money market funds for many yet benchmark 2-year yielding a record low 0.75%; Index-linked 2055 yielding just 0.31%; red-Dec futures priced at 2.25%; Consols at 5.00%...

  • Short Sterling – March 2010
    Comment: Calendar spreads narrowing significantly, red contracts rallying by more than front ones, as rose-tinted spectacles fall off. Rising open interest in most contracts suggests extreme caution. All elements on this chart point tot a long position, the Lagging Span hopefully getting support from Fibonacci retracement and October’s candles. As always, red months have more scope still.

  • Short Sterling – March 2010
    Comment: The March 2010/red March spread is expected to narrow to 100 basis points, maybe less, as red months rally by more than front ones (though front Sep has done very well over the last week). Rising open interest in most contracts suggests extreme caution as the money market remains seized up (and likely to get a lot worse during the last two weeks of this month). The Bank of England will of course oblige, but the problem remains, QE or no QE. We still feel this contract might edge fracti...

  • Short Sterling – March 2010
    Comment: The Treasury yield curve continues to flatten, and Short Sterling calendar spreads narrow, as the more enlightened question potential economic recovery and the true state of the banks. The March10/March11 spread should collapse towards 80/100 basis points. Rising open interest in this contract over the last week, when prices stumbled at a new record high of 99.370, suggests understandable hedging in case of year-end jitters. Expect another week of this before futures contracts stabilis...

  • Short Sterling – March 2010
    Comment: Whatever the Bank of England does about Quantative Easing at tomorrow’s meeting, they will probably be damned if they do and damned if they don’t. The UK taxpayer is sick and tired of the billions given to bankers and now NS&I has been roped in to raise money for the Treasury to bail out RBS. Position-trimming in this contract over the last week suggests disappointment it did not set a new record high though 3-month Libor remains stuck around 0.59%. We still feel futures contra...

  • Short Sterling – March 2010
    Comment: Some are suggesting that Gilts are the latest asset ‘bubble’; we disagree and feel that a case can be made for these to yield about 20 basis points less than their German and US counterparts. Short Sterling calendar spreads should continue to narrow as hopes for economic recovery fade and/or are delayed, Dec09/Dec10 possibly dropping to 100 pips from over 200 in August. ‘Triangle’ consolidation over the last four weeks should cause a break higher imminently because the contract...

  • Short Sterling – March 2010
    Comment: Over the last week open interest in this contract has picked up smartly suggesting many are hedging their bets. ‘Triangle’ consolidation over the last six weeks should lead to a break higher, hopefully sooner rather than later because September’s candles will give the Lagging Span a small lift. The contract is no longer overbought and might get a push from the rising 26-day moving average. While above 99.000 we shall allow for a series of very cautious rallies towards 99.500, not...

  • Short dollar positions are being unwound
    The latest IMM data cover the week from 1 to 8 December. Stronger-than-expected US employment data on 4 December sent the dollar stronger, as short positions were unwound. Total net short dollar positions were reduced to USD12.3bn from USD22.4bn. Especially long EUR, JPY and CHF positions were scaled back, as dollar shorts were covered. Speculative investors even turned marginally net short EUR against USD for the first time since April after having been quite long for the past six months. In...

  • Short dollar positions have been built further
    The latest IMM data cover the week from 2 to 9 November. Short dollar positions have been built further in the wake of further improvement in market risk appetite and performing risky assets. Despite the failure of EUR/USD to break meaningfully above 1.50 long EUR positions have been extended – albeit remaining well below the crowded levels seen in early October. Speculative investors scaled back long positions marginally in the commodity currencies NZD, CAD and AUD, despite sustained str...

  • Short−Covering Rally Triggers Late Surge in Equities
    U.S. equity markets finished higher after a mid-session break threatened to take the markets lower into the close. Stock indices reversed earlier weakness on the heels of a better than expected Chicago Purchasing Managers Index, but failed to maintain the upside momentum sending them lower at the mid-session.  The catalyst behind the mid-session weakness appears to be end-of-the year profit-taking.  The lack of selling pressure into the close triggered a short-covering rally which too...

  • Sideways Strategy
    This guide will introduce you to the basics in Forex trading sideways trends, and teach you how to use sideway trading strategy to control the market.

  • Silver Daily Technical Outlook
    Comex Silver (SI) With 4 hours MACD crossed below signal line, an intraday top is in place at 17.78. Bias id flipped to the downside and deeper fall could be seen to retest 16.12 support. On the upside, above 17.78 will argue that rise from 16.12 is still in progress for 18.175 high.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's consolidation from 16.12 extends further and intraday bias is neutral for the moment. Another rise could be seen to 4 hours 55 EMA (now at 16.90) but after all, break of 17.21 resistance is needed to indicate that fall from 18.175 has completed. Otherwise short term outlook will remain bearish. Below 16.12 will target 61.8% retracement of 12.435 to 18.175 at 14.62 next

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver rises to as high as 18.45 before retreating mildly and the break of 18.175 resistance indicates that whole rally from 12.435 has resumed. At this point, intraday bias remains on the upside as long as 17.93 minor support holds. Further rally should be seen towards 19.55/21.44 resistance zone next. On the downside, below 17.93 will bring consolidations but downside should be contained above 17.025 support and bring rally resumption.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's consolidation from 18.935 is still in progress and further sideway trading could still be seen. But after all, recent short term outlook will remain bullish as long as 18.035 support holds. Recent rise is still expected to extend further towards 19.55/21.55 resistance zone next. On the downside, touching of 18.035 will suggest that a short term top is in place and bring longer consolidations. But still, downside should be contained above 17.025 support and bring rally...

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's fall from 19.50 is still in progress and the break of 17.70 support suggests that whole rise from 16.12 is finished. Intraday bias will remain on the downside as long as 18.375 minor resitsance holds and further fall should now be seen towards 16.12 support next. on the upside, above 18.375 will turn intraday bias neutral and bring recovery. But after all, risk will now remain on the downside as long as 19.50 resitsance holds.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's break of 18.935 indicates that recent rally has resumed and at this point, intraday bias will remain on the upside as long as 18.70 minor support holds. Further rally is expected to 19.55/21.44 resistance zone. On the downside, below 18.70 will turn intraday bias neutral and bring retreat. But break of 17.70 support is needed to be the first signal of topping. Otherwise, outlook will remain bullish.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Intraday bias in Silver remains on the downside for the moment with 16.77 minor resistance intact. As noted before, whole rise from 12.435 might have completed at 18.175 already. Further decline should be seen to 38.2% retracement of 12.435 to 18.175 at 15.98 first. Break will target 61.8% retracement at 14.62 next. On the upside, above 16.77 minor resistance will turn intraday bias neutral first and bring consolidation. However, above 18.175 is needed to indicate resumption o...

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's rally extends further to as high as 18.86 so far today and the decisive break of 61.8% retracement of 19.50 to 16.78 at 18.46 indicates that whole fall from 19.50 has completed at 16.765 after drawing support from 38.2% retracement of 12.435 to 19.50 at 16.80. Intraday bias remains on the upside for the moment and further rally should be seen to retest 19.50 resistance first. On the downside, below 18.497 minor support will turn intraday bias neutral and bring consoli...

  • Silver Daily Technical Outlook
    Comex Silver (SI) Intraday bias in Silver remains neutral for the moment as consolidation from 18.925 might still be in progress. But after all, with 18.055 support intact, another rise is still in favor. Break of 18.925 will target retest on 19.50 high next. However, note that break of 18.055 will indicate that rise from 16.765 has completed and will flip bias back to the downside for this support.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's break of 16.90 support argues that fall from 19.50 is resuming and intraday bias is flipped back to the downside for the moment. Further fall should be seen towards 61.8% projection of 19.50 to 16.90 from 17.81 at 16.20, which is close to 16.12 support. ON the upside, though, above 17.52 minor resistance will suggest that consolidations from 16.90 is still in progress and will delay the bearish view. Nevertheless, in case of another rise, upside is still expected to b...

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's reound from 16.765 extends further to as high as 18.03 so far today and further rise could still be seen as the correction continues. Nevertheless, we'd continue to expect upside to be limited by 61.8% retracement of 19.50 to 16.765 at 18.455 and resumption of fall from 19.50. On the downside, below 17.40 minor suppor will flip intraday bias back to the downside. Further break of 16.765 will target 16.12 support next.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver' fall from 18.175 extends further to as low as 16.40 so far the the strong break of 16.785 support indicates that whole rise from 12.435 has already completed. Intraday bias is now on the downside and further fall should be seen to 38.2% retracement of 12.435 to 18.175 at 15.98 first. Break will target 61.8% retracement at 14.62 next. On the upside, above 16.77 minor resistance will turn intraday bias neutral first and bring consolidation. However, above 18.175 is neede...

  • Silver Daily Technical Outlook
    Comex Silver (SI) At this point, intraday bias in Silver remains on the downside with 17.52 minor resistance intact. As noted before, whole decline from 19.50 is likely resuming. Break of 16.765 support will confirm this case and target 100% projection of 19.50 to 16.756 from 18.925 at 16.19, which is close to 16.12 support. On the upside, above 17.52 minor resistance will turn intraday bias neutral and bring recovery. But risk will remain on the downside as long as 18.925 resistance holds.

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's consolidation from 18.175 is still in progress and some more consolidation could still be seen. Nevertheless, short term outlook will remain bullish as long as 16.785 resistance turned support holds. Above 18.175 will bring rally resumption to 61.8% projection of 13.495 to 17.69 from 15.76 at 18.35 first and break will target 100% projection at 19.95 next. However, strong break of 16.785 will be the first signal that rise from 12.435 has completed, possibly with beari...

  • Silver Daily Technical Outlook
    Comex Silver (SI) Silver's recovery from 14.65 is still in progress and further rise cannot be ruled out. But still, upside is expected to be limited by 16.015 resistance and bring fall resumption. Below 15.0 minor support will flip intraday bias back to the downside for medium term trend line support at 14.2 level. Decisive break there will indicate that downside momentum is still strong and should set the stage for 12.435 key support next.

  • Silver Daily Technical Outlook
    Comex Silver (SI) The break of 16.765 support confirms the bearish case that whole decline from 19.50 has resumed. At this point, intraday bias remains on the downside and further fall should be seen to 100% projection of 19.50 to 16.756 from 18.925 at 16.19, which is close to 16.12 support. However, considering that 4 hours MACD is staying above signal line, break of 16.97 minor resistance will indicate that a short term bottom is possibly in place and strong rebound might be seen. But after a...

  • Since the middle of January, the AUD trades in a bearish trend channel against the CHF
    Good morning from Hamburg and welcome to a new Daily FX Report. Yesterday, the new cruise ship AIDAblu was christened in the port of Hamburg with a big firework and more than 25,000 visitors. However, the USD gained versus 13 of its 16 major counterparts and the GBP fell to a three week low against the EUR.

  • Six Week Lateral Base In Place......
    We get towards the top of our 6-week lateral bases and it looks like we'll finally break out. It's the exact same story as when we get towards the bottom of our existing bases. Breakdown looks inevitable. It gets very emotional at both ends because the consequences of a breakout or breakdown are large. The market is likely to have quite a large move once we get a decisive break and thus the emotions get intense. The only problem is, neither side is getting what they want, and there's a good re...

  • Soft equity markets see a reduction in USD shorts
    The latest IMM data covers the week from 20 to 27 October. Speculative investors pulled back some of their dollar shorts from the high level seen in the week prior, as risk sentiment deteriorated and financial markets became nervous about the sustainability of the Q3 earnings driven rally. Risky assets continued to sell off last week and given the price action in the dollar it is likely that dollar shorts have been reduced further. The past week’s price action illustrates...

  • Some Hesitation At Resistance...Some Doij's....
    Doji's today, which mean an equal number of sellers to buyers, once we gapped up early on says, there could be a pause in the bullish action over the next day or so. It doesn't have to take place, but be prepared for that possibility. It says the possibility is made more real by the fact that we're at some really tough longer-term resistance at 1101 S&P 500. That doesn't mean individual stocks can't be owned. It simply tells us that having too much exposure, say 50% or more right here, make...

  • Some Selling... Should Be More...Nothing Terrible
    A lateral range is simply that, a lateral range. It frustrates. It's annoying. The bulls want things to break out and the bears want things to break down. The bulls have had the best of it for sure and we have come oh so close many times to making that breakout move. We were on the cusp once again and once again the bears came in at the very top of those wedges and took the market down, especially the technology stocks. Those are the stocks that are most overbought and to be blunt, most frothy ...

  • Sorry Folks...Consolidation Continues..Bears Hold The Top....
    I don't know how to say it any differently any more. I mean, you have to laugh. We hit the top. We get overbought. We sell off. We get to the bottom. We get oversold. We rise back up. Bulls defend 1085 S&P 500. Bears defend the 1110-1119 area on the S&P 500. An old story where the bulls and bears defend critical levels of resistance and support. Stocks are no different. A stock like Wynn Resorts (WYNN) up big yesterday but down a bit more than that today. Up and down. Down and up. Just ...

  • Sovereign Debt Woes Boost Demand for U.S. Dollar
    The Dollar is trading higher versus all major currencies except the Yen. Investor concerns about the sovereign debt woes in Greece will simply not go away. Traders are taking protection overnight in the Dollar and the Japanese Yen.

  • Speculative investors positioned for USD/JPY downside
    The latest IMM data covers the week from 10 to 17 November. IMM position data was collected following very strong performance in risky assets and prior to the correction seen at the end of last week. It is therefore no surprise that short dollar positions have been building further. However, while the dollar has remained under pressure, EUR/USD has found it difficult to break meaningfully above 1.5. This could explain why short dollar positions have not been added against the euro, but rather...

  • Speculative investors reduce EUR shorts, turn long CHF
    The latest IMM data cover the week from 5 to 12 January. Positive dollar momentum has faded going into the new year - following a strong rebound in December - and the dollar index has edged gradually lower. This has coincided with a reduction in long dollar positions and non-commercial investors have once again turned net short the dollar – but aggregate shorts remain far from the highs seen last autumn. The main driver of the turnaround in dollar positioning has been a reduction of EUR sho...

  • Speculative investors remain dollar bearish
    The latest IMM data cover the week from 13 to 20 October. Speculative investors added further to short dollar positions following the recent accelerated sell-off in the greenback. Hence, dollar shorts remain significant, albeit not quite at the stressed levels seen prior to the financial crisis. Sterling posted a strong rebound last week, taking GBP/USD close to 6 percent higher, as among other things the Bank of England minutes helped to ease fears about a further relaxation of monetary poli...

  • Speculative positions show no belief in JPY intervention
    The latest IMM data cover the week from 17 to 24 November. The IMM report was compiled just prior to the Dubai-led Thanksgiving sell-off in risky assets. This may explain why speculative investors added significantly to short dollar positions, which at USD19.7bn are becoming increasingly crowded. Speculative investors mainly added dollar shorts against the yen resulting in an increase in net long JPY positions to 39 percent of open interest. This is very close to the multi-year high seen in ...

  • Splat.....
    There are many words which could describe today's action but I think splat says it best. Clear, concise and to the point. It felt like splat for the bulls without question. The Nasdaq over the past three days wasn't very good but the Dow and S&P 500 printed some very nice candles with small inside sticks printed yesterday suggesting things would move higher today ahead of tomorrow's Jobs Report, which is huge to say the least. Instead, this morning we got bad news from many overseas company...

  • Stable U.S. Equity Markets Help Limit Dollar Gains
    Overnight the Dollar climbed sharply higher as global investors dumped stocks and commodities on concerns that Dubai World’s debt problems would escalate into a worldwide credit crisis similar to the one the U.S. faced when Lehman Brothers collapsed in 2008. Fear raced through the global investment community, making lower-yielding assets such as the Dollar and the Yen more attractive.  The situation in Dubai began to break late Wednesday night and spilled over into Thursday while U.S. ma...

  • Step by Step.....
    That's how the bears will have to do this. There is no straight down free fall into oblivion coming to a bear market near you. Step by step as we take on each level of support. We get there and get oversold. We bounce. We fall again and we bounce Usually on the third try we get through, but we have so many levels of support close by it's hard for the bears to gain any real momentum. 1080/1074/1060/1047. An average of approximately 1% between levels of strong support. Not exactly what the bears ...

  • Stock Index Futures Sell Off Ahead of Fed Statement
    Equity markets sold off sharply into the close ahead of tomorrow’s Federal Reserve Open Market Committee meeting. Traders have been reluctant to chase stocks higher this week despite better than expected economic news which showed the U.S. economy is improving.

  • Stock Indices Confirm Yesterday's Reversal Top
    Early weakness in the December E-mini S&P 500 took out yesterday’s low and confirmed the closing price reversal top at 1098.50. Buyers stepped in as usual on the dip triggering a short-covering rally. The chart suggests that there may be one more rally to 1084.25 before the downtrend resumes. Treasury futures have been trading sideways to lower for much of the day as traders await direction from the stock market. Gains have been limited to the upside as traders are beginning to price i...

  • Stock Indices Fail to Hold onto Gains
    This morning’s ADP Report showed a greater than expected job loss in November, but the report was revised for the better in October. Pre-market estimates were for a job loss of 150,000. The actual reported loss was 169,000. The number of jobs lost in October actually improved from 203,000 to 195,000. If anything, this report shows that the pace of job losses is slowing.Later this afternoon, trader focus will shift to the Fed’s Beige Book. This report is not expected to reveal anything n...

  • Stock Indices Falter on Sovereign Risk Worries
    Stock Indices tried to mount a rally early in the trading session, but failed to hold on to gains by the end of the day. The markets were trying to follow-through to the upside early in the session on the heels of stronger markets in Europe.  Buyers were reluctant to chase the indices higher after news surfaced that the resolution of the Greek debt problems would be delayed for a day or two.

  • Stock Indices Finish Lower for Week
    U.S. equity markets finished lower for the week after buyers failed to surface following today’s better than expected U.S. Initial Claims Report. End-of-the-year profit-taking was most likely the catalyst behind the drop in prices.

  • Stock Indices in Position to Form Weekly Reversal Top
    The stronger Dollar is pressuring equity and commodity prices today. Some traders believe this is the start of a change in trend in higher risk markets while other feel this is just early end-of-the-year liquidation. Comments from Fed Chairman Bernanke and European Central Bank President Trichet have put the Dollar on the radar which is making traders uncomfortable about holding aggressive short-positions. The three major stock indices are in a position to post weekly reversal tops. This cou...

  • Stock Market Rally Fizzles into Close
    U.S. equity markets started the day with a firm tone, but the rally fizzled into the close. Although the markets managed to finish higher, the lack of activity because of the holiday week, caused buyers to pull bids, sending the indices lower.

  • Stock Market Range Bound on Light Volume
    U.S. stock indices traded higher but stalled shortly after the opening. The strong price surge was muted when U.S. investors failed to chase stocks higher. Stronger global equity markets contributed to the weakness in the Dollar early in the trading session as traders once again increased demand for more risky assets after reassessing U.S. economic data and the odds of an interest rate increase by the Federal Reserve.This morning, traders drove equities higher after taking a look at the U.S. em...

  • Stock Market Refuses to Yield to Stronger Dollar
    Despite a move by China to tighten its monetary policy, U.S. equity markets mounted a strong recovery late in the trading session on Wednesday.  This served as a sign that there is plenty of money on the sidelines and that investors continue to maintain a “buy the dips” mentality.

  • Stock Markets Flat to Higher Ahead of U.S. GDP Report
    U.S. equity markets are trading flat to higher ahead of this morning’s U.S. 3rd Quarter GDP Report.  Expectations are for the report to show a decrease in the economy from 3.5% to 2.8%.  A wider trade gap and faltering consumer spending are cited as the main reasons behind the decline.

  • Stock Rally Fizzles as Investors Square up Ahead of Fed Announcement
    U.S. equity markets could not hold on to its earlier gains and fizzled into the close. Earlier today, the market got a boost, driven higher by good corporate earnings reports and a better than expected consumer confidence report.

  • Stock fall as Investors Shun Higher Risk Assets
    U.S. equity markets are trading lower as investors dump higher risk assets. The weakness started on the Shanghai Exchange overnight after China asked banks to stop lending for the rest of the month. This sent a signal to traders that the easy money environment will be coming to a close. Investors are reacting as if the news from China will curtail the global economic recovery.Last night IBM reported strong earnings but this news couldn’t carry the market. This morning, IBM is leading the Dow J...

  • Stocks Called Steady to Better on Opening
    Stock Index futures are holding steady.  Great earnings news from Amazon late yesterday is providing most of the support.  This quarter’s earnings season has helped boost demand for equities.  Look for this trend to continue as long as foreign buyers are willing to borrow the Dollar and reinvest in foreign stock markets.  Although prices seem lofty to U.S. investors, every drop in the Dollar’s value makes stock prices look more attractive.  Unless the Dollar begins ...

  • Stocks Continue to Linger Near Highs
    The U.S. equity markets experienced high levels of volatility this week. At times it looked like the Bears were ready to crush them, only to be met by the “Never say die” Bulls.  The continuing strength in the Dollar keeps putting pressure on stocks as traders reverse the carry trade.  The pressure has not been enough to trigger the slew of stop loss orders that seem to be well-placed below the current trading zone. A bearish pattern will become clearer if these markets can form a...

  • Stocks Could Weaken as Risk Sentiment Shifts away from Higher Risk Assets
    Stock Index Futures are trading lower overnight as investors are shifting out of higher risk assets.  Concerns that a tighter monetary policy in China will lead to a slow down in the Chinese economy is encouraging traders to lighten up on higher yielding assets. Traders are also being cautious ahead of today’s earnings reports.  Momentum has slowed down despite higher prices this week.  Investors are worrying about taxes, bank fees and the healthcare package, and their possible...

  • Stocks Erase Losses as Chicago PMI Report Boosts Optimism
    U.S. stock indices reversed earlier weakness on the heels of a better than expected Chicago Purchasing Managers Index. Stocks were trading lower overnight and after the opening because of end-of-the-year profit-taking.The March E-mini S&P 500 formed a closing price reversal top at 1128.50 yesterday. This pattern suggested a break to 1108.50 to 1103.75 was imminent. Last night’s follow-through to the downside confirmed the short-term top. This morning’s short-covering rally could find res...

  • Stocks Erase Losses as Chicago PMI Report Boosts Optimism
    U.S. stock indices reversed earlier weakness on the heels of a better than expected Chicago Purchasing Managers Index.  Stocks were trading lower overnight and after the opening because of end-of-the-year profit-taking. 

  • Stocks Expected to Open Flat; Indices at Psychological Resistance
    U.S. stock indices are expected to open flat this morning. The stronger Dollar on Wednesday kept a lid on prices despite better than expected U.S. economic news and a positive FOMC report from the Fed.  The trading action shows that risk is still a concern for investors, and that traders are reluctant to buy strength. This may mean that another correction may be necessary to attract fresh buying. The psychological 1000 barrier in the March E-mini is providing resistance this morning.

  • Stocks Falter Overnight as Chinese Equity Markets Plunge
    U.S. Stock markets backed off from Tuesday’s strong closes overnight as China took moves to limit lending in an attempt to slow down the economy.  The news sent shockwaves through global equity markets as the Shanghai index dropped 3%.  Traders are concerned that less spending from China will derail the global economic recovery. 

  • Stocks Falter but Manage to Hold on to Gains
    U.S. equity futures weakened after an early session surge but managed to eke out a small gain. Overnight strength was fueled by greater demand for higher yielding assets while the early morning rally was triggered following the release of a report showing a rise in consumer confidence. Thin trading conditions and the lack of buyers were the driving forces behind this afternoon’s weakness.

  • Stocks Feel Pressure as Demand for Risky Assets Falters
    U.S. equity markets closed lower on Tuesday as investors dumped higher yielding stocks in favor of safe-haven assets.  The news that China may begin raising interest rates pressured demand for higher yielding assets throughout the day. Commodity related stocks were under pressure today because of an expected drop in demand for raw materials. Bank stocks also dragged the markets lower because of a proposed fee by the Obama administration on banks that received federal aid during the credit ...

  • Stocks Feeling Downside Pressure Ahead of U.S. Employment Data
    Today’s U.S. Non-Farm Payrolls Report appears to be taking a backseat to the fear that sovereign debt woes in the Euro Region will escalate. Traders continue to monitor the financial difficulties in Greece while keeping one eye on the key U.S. jobs report. This morning’s report is expected to show that 25,000 jobs were added last month. This is down from a guess of 40,000 earlier in the week.

  • Stocks Finish Higher as Traders Anticipate Bullish Employment Numbers
    Equity markets erased earlier losses after the release of the U.S. Weekly Initial Claims Report to finish higher for the day. Trading was light, but nonetheless, today’s strength is probably a good indication that investors feel that Friday’s report will be better than preliminary estimates.

  • Stocks Finish Weaker but Investors Continue to Support the Dips
    U.S. equity markets closed lower as investors dumped higher risk assets, but buyers once again stepped in on the intra-day dip.  Wednesday’s weakness started on the Shanghai Exchange overnight after China asked banks to stop lending for the rest of the month.  This sent a signal to traders that the easy money environment would be coming to a close. Investors reacted as if the news from China would curtail the global economic recovery.

  • Stocks Gain on Increased Demand for Risky Assets
    U.S. equity markets erased earlier losses triggered by the weaker than expected U.S. Non-Farm Payrolls Report to close higher for the day.  Traders reacted to the fact that the U.S. employment situation is still indicating a weak recovery.  The markets turned around, however, as investors saw the break as a buying opportunity. As the Dollar fell, traders bought up stocks as demand for higher risk assets picked up.  Traders now feel that a hike in interest rates by the Fed is a lo...

  • Stocks Getting a Boost as Speculators Await Greek Resolution
    Global equity markets are up sharply after reports that the Greek sovereign debt problems will be resolved shortly.  Stock investors are driving up indices as confidence is being restored to the markets. Bargain hunters are also stepping in to take advantage of lower priced equities.

  • Stocks Hold on to Gains despite Strong Dollar
    The December E-mini Dow and December E-mini S&P 500 posted strong gains on Friday but closed unchanged for the week following the release of bullish retail sales and consumer confidence reports. Both reports indicate the economy is on the road to recovery and could give the Fed enough evidence to issue a more hawkish statement at its next meeting on December 16th. The S&P 500 closed above a retracement zone, indicating possible strength next week.  The upside target for this market...

  • Stocks Ignore Bullish Economic Data; Turn Focus on Risk
      If the situation in the Euro Zone continues to escalate and capture the bulk of the headlines, then look for investors to turn more risk averse.  This will underpin the Dollar but pressure stock indices and gold.

  • Stocks Plunge after Hours Following Fed Discount Rate Hike
    U.S. stock indices plunged after the close following a discount rate hike by the Federal Reserve. Although the hike was not a surprise per se since Bernanke and the FOMC minutes hinted it would happen, the timing caught traders by surprise.

  • Stocks Produce Modest Gains in Lackluster Trade
    U.S. equity markets produced modest gains on Monday. The trading action suggests that short-covering and bottom picking were most likely the catalysts behind today’s rally.  Volatility slowed compared to last week’s trading action. Investors may be standing aside as they await Wednesday’s Fed FOMC announcement.

  • Stocks Rally after Delayed Reaction to Friendly Beige Book Data
    U.S. equity markets finished higher after the Fed released friendly Beige Book data but remained inside the ranges for the week. The lack of follow-through to the downside following Tuesday’s sell-off helped trigger a strong short-covering retracement rally early in the trading session. 

  • Stocks Rally on Increased Demand for Risky Assets
    Global equity markets are rising overnight as traders increase demand for higher risk assets.  The primary driver for this week’s weak trade in the equity markets has been aversion to risky assets due to credit concerns in the Euro Zone.  The downgrade of Greece’s credit rating fueled yesterday’s sell-off, but the lack of new bearish developments overnight has triggered renewed demand for higher risk assets.

  • Stocks Rally on Upbeat Fed News; Optimistic Obama Speech
    U.S. equity markets hemmed and hawed immediately after the FOMC announcement before rallying sharply higher.  Traders seemed to have had a delayed reaction to upbeat news from the Fed regarding the economy.  Although it kept interest rates unchanged and offered no hard evidence as to when rates were to begin rising, it did say that there were “moderate” rather than “weak” improvements in the economy.  This change in the statement may have given investors more confidence t...

  • Stocks See−Saw in Tight Range amid Friendly U.S. Economic Reports
    The reaction in the markets was muted this morning following the release of the U.S. ADP jobs data report. The report showed that employers cut 84,000 jobs in December. This was down from 145,000 jobs lost in November. The adjustment to the November figure was positive as it was originally estimated that 169,000 jobs were lost.Today’s improved ISM Services data also failed to attract strong buying. Institutions and mutual funds still seem to be noticeably absent as these investors await Frid...

  • Stocks Soar as Confidence is Restored to Financial Markets
    U.S. Equity markets are trading sharply higher after earlier weakness driven by a possible pact between the EU and Greece and better than expected weekly jobs data. Today’s rally makes it appear that confidence has been restored to the financial markets. This renewed confidence is tied to possible improvements in the global credit markets and signs that the U.S. jobs market may be confirming the developing recovery. Traders feel that an agreement between the EU and Greece will increase appetit...

  • Stocks Trading Flat Ahead of ADP Employment Report
    U.S. stocks markets are trading flat ahead of this morning’s ADP Employment Report. Expectations are for this report to show that 30,000 jobs were lost during the last month. This is better than the 84,000 lost in December. Today’s ISM Non-Manufacturing Index Report should be a market mover today. Traders are looking for this index to cross over the important 50 barrier. A number higher than 50 indicates upside momentum.

  • Stocks Trading Higher in Limited Action
    Equity markets erased earlier losses after the release of the U.S. Weekly Initial Claims Report. Trading has been light, but nonetheless, today’s strength may be an indication that investors feel that tomorrow’s report may be on the friendly side.Treasury futures have been trading mixed but inside of their recent ranges. Trading has been light as expected ahead of tomorrow’s employment report. The current range for March Treasury Bonds is 114’16 to 116’05. March Treasury Notes have fal...

  • Stocks Trading Slightly Better Ahead of Fed Announcement
    U.S. equity markets are trading flat to better ahead of this afternoon’s Fed interest rate policy announcement.  Traders will most likely be focused on whether the Fed votes to extend or end its mortgage buyback program as this will have a direct effect on the U.S. housing industry. 

  • Stocks Waver after Steep Drop in U.S. Pending Home Sales
    After two days of greater demand for higher risk assets drove stock prices higher, U.S. equity markets wavered most of the day following a steep drop in pending home sales.  At the end of the day, the March E-mini S&P 500 managed to close higher, but the March E-mini NASDAQ and March E-mini Dow did not fair so well. 

  • Stocks Weaken after Discount Rate Hike
    U.S. stock indices sold off after Thursday’s hike in the Fed discount rate. The immediate reaction by traders was to sell because many traders thought this move served as a sign that the Fed would begin tightening its monetary policy. The Fed, however, is emphasizing that this move is not a deviation from its policy statement that interest rates will remain low for an “extended period”.  This news is helping to stabilize the stock indices, leading to a short-covering rally overnight....

  • Stocks Weaken on Alcoa Report; China Monetary Policy
    Global stock markets weakened overnight after Alcoa released mixed results following yesterday’s close.  In addition, news that China may begin raising interest rates is pressuring demand for higher yielding assets. Commodity related stocks may feel pressure today because of an expected drop in demand for raw materials. Bank stocks may also drag the markets lower because of a proposed fee by the Obama administration on banks that received federal aid during the credit crisis.  The c...

  • Stocks and Dollar See−Saw in Mixed Trading
    Stocks traded higher overnight on a pick-up in demand for higher yielding assets in Asia and Europe. The news Bank of America was going to pay back its tarp loan also helped drive up bank stocks. Equity futures opened flat in New York but were boosted following a report showing an improving economy. News jobless claims fell last week sent a signal the economy was improving.Technically, the December E-mini S&P 500 made another higher-high on its way to the major 50% price at 1122.00. Profi...

  • Stocks fall as Traders Seek Safe−Haven Investments
    U.S. stock markets traded hard to downside on Thursday fueled by fears of a financial crisis in the Euro Zone.  Stocks began their sell-off last night following a downgrade of Greece’s debt by the S&P credit rating service.  The markets accelerated to the downside shortly after the U.S. opening partly on a higher then expected initial claims figure.

  • Stocks, Commodities Trade Flat Overnight as Traders Await EU Pact
    Stock Indices, gold and crude oil are trading relatively flat overnight. Yesterday’s strong buying has been met with uncertainty following the inability of the European Union to reach a loan guarantee agreement with Greece.

  • Strengthening Dollar Helping to Limit Gains in Commodity and Stock Markets
    The strengthening Dollar is helping to limit gains in the commodity and stock markets at the mid-session. Earlier today, stocks and commodities rose from increased investor demand for higher yielding assets. Traders cited the stronger global economy and low interest rates in the U.S as two reasons for the renewed interest in higher yielding assets.The lack of follow-through to the upside in U.S. stock indices after strong rallies in Europe and Asia have set up the equity markets for a short-term...

  • Strengthening Gold Market Indicates EU/Greece Pact is Imminent.
    The strengthening April Gold market is a strong indication that the pact between the European Union and Greece is imminent, thereby driving up demand for risky assets. Speculators are anticipating that the agreement to shore up the debt in Greece will be released shortly. This news should pressure the Dollar and underpin the gold market.

  • Strengthening of Bearish Concern in Euro
    EUR The pre-planned break-out variant for sales has been implemented with overlap of anticipated targets. OsMA trend indicator, having marked essential rise in sales activity at break of key supports, gives grounds favoring priority of bearish direction in planning trading operations for today. Therefore, considering ascending direction of indicator chart, we can assume probability of reaching channel line 2 at 1,4940/60 levels, where it is recommended to evaluate the development of the activit...

  • Strengthening of Euro Bullish Potential
    EUR   Long positions opened and saved before had positive result of the overlap of main estimated targets. OsMA trend indicator, having marked break out of key resistance range  levels by the priority of bullish activity development gives grounds for further preservation of bullish planning priorities also for today. Therefore, considering current descending direction of indicator chart we can assume rate return to close 1,4960/80 supports where it is recommended to evaluate the devel...

  • Strike Two...But Holding Very Well For Now...
    We hit 1080 weeks ago and then pulled back strongly only to blast back up and hit 1080 yet again today. We pulled off that again quite sharply intra day but saw the S&P 500 hold very well overall in to the close with a finish at 1076.

  • Strike Two...But Holding Very Well For Now...
    We hit 1080 weeks ago and then pulled back strongly only to blast back up and hit 1080 yet again today. We pulled off that again quite sharply intra day but saw the S&P 500 hold very well overall in to the close with a finish at 1076.

  • Strong Dollar Limiting Risk for Higher Yielding Assets
    The strengthening Dollar is leading to a sell-off in equity, oil and gold markets this morning as investors are leaving higher risk assets for the safety of the Greenback and U.S. Treasuries.   

  • Strong Dollar Triggering Weakness in Equity Markets
    Equity markets are trading a little weaker on the opening.  Yesterday this market stalled after an early morning surge and sold off into the close. Negative comments from analyst Meredith Whitney are said to have been the catalyst for the break as investors took a little money off the table after the recent rally.  Traders continue to question valuation in this market, but as long as the Dollar remains low, have no strong reason not to buy stocks.

  • Strong Rush To And Through Resistance...
    Some sectors have gotten back through their 20- and 50-day exponential moving averages and some have not. Some are partially through like the S&P 500 which cleared its 20- day exponential moving average today and is oh so close to its 50-day exponential moving average. the Nasdaq had no trouble blowing through both today and it's good news to see the Nasdaq leading instead of following. When we see high beta leading we're happy. If defensive stocks and sectors are leading we know we have tr...

  • Strong U.K., China Manufacturing Data Sinks Dollar
    A strong surge in U.K. and China manufacturing data helped to pressure the Dollar overnight.  These two better than expected reports triggered renewed interest in demand for higher risk assets.  Losses are being limited, however, as traders await this morning’s U.S. ISM Manufacturing Index which will be release at 9 a.m. Central Time.

  • Strong U.S. Economic Data Supports Equity Markets
    U.S. investors drove stock indices higher following better than expected housing starts, industrial production and import price reports. Trading was light and there was very little follow-through to the upside following a strong early morning session. Traders were able to hold the indices steady following the FOMC report. This report failed to generate a reaction in either direction as most traders felt the information in the report was already factored into the market.  

  • Stronger Dollar Continues to Wreck Gold
    Liquidation in the gold market is continuing overnight triggered by a firmer Dollar. This move is a continuation of last Friday’s sell-off which was fueled by a surprise reduction in the U.S. unemployment rate. The change to the better from 10.2% to 10.0% helps strengthen the Dollar because of the possibility the Fed will begin hiking interest rates sooner than expected.

  • Stronger Dollar Fails to Break Equity Markets
    Buyers continued to push U.S. equity markets higher as the stronger Dollar failed to break stock trader optimism.  Early in the trading session, equity traders were nervous about buying stocks because of comments from Fed Chairman Bernanke regarding a possible interest rate hike and a shift toward a tight monetary policy.  Once traders realized that these events have some time to develop, they once again began to focus on the short-term and third quarter earnings, driving equity marke...

  • Support Holds..Nothing Good Either Way....
    The bears are trying. I'll give them that. After all, they've taken out the 50-day exponential moving average on the Nasdaq and have kept it below for a few days now. The S&P 500 is playing leap from the 50-day exponential moving average.

  • Support and Resistance
    Learn how to use the support and resistance indicator. Download trading software and start trading instantly

  • Symmetrical Triangles
    Important Forex trading trend patterns, called forex symmetrical triangles explained.

  • THe GBP Posted Sharp Gains Against the USD
    Daily Review 5/11/2009USD Dollar (USD) – The Dollar fell across the board on the FED decision to leave interest rates at their historic lows of 0.25%. Stocks ended mostly up in the U.S. but far from their daily highs. The ADP National Employment Report came out -203K worse than -190K expected. The Dow Jones rose by 0.31%, The Nasdaq closed almost unchanged with -0.09% decrease and the S&P added 0.1%. Gold (XAU) continued to rise and posted new record highs at $1,097. Crude oil rose for the...

  • Tech Weighted NASDAQ Bucks Trend to Finish Higher
    The tech weighted December E-mini NASDAQ market bucked the overall bearish tone of the day to post a moderate gain.  The NASDAQ was driven higher by extremely bullish earnings from Apple, Inc.  The heavily weighted Apple, Inc. stock helped drive up the NASDAQ Index while the December E-mini S&P and December E-mini Dow rallied off their lows but still finished lower. 

  • Technical Analysis Introduction
    Introduction to Technical Analysis- extensive information on forex trading, guides, reviews, sofware downloads and account

  • Technical Analysis: AUD, January 7
    Comment: Topping activity against important long-term resistance at 0.9400 at year-end must have disappointed the bears. Rather than a decent correction the Aussie retreated the bare minimum, finding support at the first Fibonacci retracement, as we had warned elsewhere. In fact, what had looked like a small ‘head-and-shoulders’ top is now more likely to be a ‘flag’, consolidation similar to that of June/July 2009. This continuation pattern has a minimum measured objective at parity, bu...

  • Technical Analysis: CAD, January 7
    Comment: November’s record futures volume, almost double 2008’s average which in turn was roughly six times the norm for 1980-2000, underlines the fact that many are attuned to the relative values of these two bringing heavy speculative activity. During this period bearish pressure has been low but relentless. A weekly close below 1.0400 should add to this setting off the next leg lower where our target remains at C$1.0000 and then an overshoot to C$0.9200. Note that since floating the stro...

  • Technical Analysis: EUR/CHF, January 7
    Comment: It would appear that the Swiss National Bank is re-thinking its efforts to weaken the Swiss franc. Though still trading above the level where they first intervened in March last year, prices have already closed for three consecutive weeks below the 1.5000 they had subsequently tried to protect. All elements of this Ichimoku ‘cloud’ chart point to a short position, with bearish momentum likely to increase dramatically on a weekly close below 1.4640. A drop to 2001’s low at 1.4400 ...

  • Technical Factors Could Trigger Stock Market Rally
    Stock indices could rally today following yesterday’s closing price reversal bottom. A friendly Fed statement and an upbeat speech from Obama could be the catalyst behind this rally.  Investor confidence seems to have been restored which has once again generated interest in higher risk assets.

  • Testing level for USDJPY
      USDJPY is gathering momentum into its upward trend and is approaching and important resistance at 91.05 level. This a good resistance in weekly charts are well. Also if we see the downward channel of USDJPY, we will see that the same level almost is the top of that channel so it will be a testing one. We might see USDJPY taking a dip from that level so aggressive traders might look to sell USDJPY based on that observation.

  • Testing the 200's...
    The market has come down a long way in a fairly short period of time. It wasn't too long ago that the S&P 500 printed 1151. Intra-day yesterday we hit 1044 on the S&P 500 or a drop of 107 points or roughly 9.5%. A very decent drop and can clearly be called a correction although it falls technically about 1/2% below. 9.5% is close enough to say we just went through a correction. The market has purged and now it's time for a little break from the down side action. It's taken enough Pepto ...

  • That is not unlikely in our opinion
    S&P 500 futures once again approaching the key 1100 resistance level this morning after the successful test last week. Need to see a strong punch through this level to force stops and avoid selling from longs to get a successful break out. As outlined last week Gold has more potential to the upside with overhead resistance at 1118 as the closest resistance level now, which is the 75% quartile of the current rising trend channel, meaning it will only be overbought once it goes above that le...

  • The AUD fetched up 1.5 % against the JPY and traded at 79.89
    Good morning from Hamburg and welcome to our Daily FX Report. The AUD gained versus all of its 16 major counterparts because of some excellent economic data. Furthermore we analyzed the JPY. Anyways, we wish you much success in trading today.

  • The AUD gained 4.4 percent against the USD this week
    It’s Friday and we are all looking forward to go on weekend. It seems to be a pretty exiting Friday while we got some comments from the Federal Reserve and expect more economic data. Anyways, we hope you will have good luck and a nice weekend.

  • The AUD/JPY fell to 81.85 and the NZD/JPY fell to 64.80
    Welcome to Varengold’s Daily FX Comment. Low-yielding currencies like the USD and the JPY started the day with positive performances while the Asian stocks fell this morning. However, we wish you good luck in trading.

  • The AUD/JPY recovered from a six−month low
    Good morning from Hamburg and welcome to the last Daily FX Report of the week. A dramatic week for the EUR and we still await further important U.S economic data which may boost the USD once again. However, we wish you successful trades and a nice weekend.

  • The AUD/USD climbed to 0.9288 after it climbed to a high of 0.9370
    Good morning from Hamburg and welcome to our last FX Report this week. Today, we will report about the USD and European economic data. Also we analyze the EUR. We wish you a nice weekend.

  • The AUD/USD fell to 0.9131 at its lowest level
    Good morning from cold Hamburg and welcome to our Daily FX Report. After we saw a comparative flat market yesterday we wait today some interesting economic data from Europe and the U.S. However, we wish you a successful trading day.

  • The AUD/USD touched 0.8880 at the highest level today
    Good morning from Hamburg and welcome to the last trading week of 2009. We hope you had a wonderful Christmas time and used the holidays a little bit to relax. However, we wish you a successful trading week.

  • The CAD fell by the most in almost three months
    Good morning from Hamburg and welcome to our Daily FX Report. Today, we will report about the CAD and the USD which gained against all of it major counterparts. Furthermore we have technical analyses from the PLN. We wish you like always, much luck in trading today.

  • The CAD increased against the EUR and the JPY
    Good morning from beautiful Hamburg and welcome to our Daily FX Report. The latest U.S. economic data spread hopes that the world’s largest economy could recover faster than expected. However, we wish you a prosperous trading day.

  • The CAD slid towards a three month low versus the USD
    Good morning from icy Hamburg and welcome to our Daily FX Report. The EUR could recover against the USD and the JPY. Additionally we will report about the CAD and some economic data from Canada. However, we wish you much success today.

  • The CAD/JPY has been moving inside two trend channels
    Good morning from the most beautiful city and welcome to Varengold’s Daily FX comment. The week starts with a strong EUR and positive economic data from the Far East. Anyways, we hope you had a great weekend and wish you a successful trading week.

  • The DMI may indicate decreasing bearish force
    Good morning and welcome to the last Daily FX Report of 2009. At the end of the year the credit ratings agencies confused the FOREX-market with statements regarding the creditworthiness of Japan and Europe. However, we wish you a successful trading day and a Happy New Year.

  • The DXY index (75.425) is down again overnight
    The key themes overnight were USD down (dovish FOMC), JPY up (the Fujii “Flip-Flop”), GBP up (potential pause in BoE asset purchases), AUD (hawkish RBA), and NZD (strong data). DXY – Falling out of bed – The DXY index (75.425) is down again overnight, breaking decisively to a new low since Aug ’08 after hesitating around 76 since mid-Sep. Support lies at 75.211 (Oct 15 low), 75.165 (76.4% retracement of Mar ’08 to Mar ’09 rally, and 75.00 (psychological). Resistance lies at 76.66...

  • The DXY index is up on the day for the first time since Oct. 9
    The DXY index is up on the day for the first time since Oct. 9. It got some help from the U.S. Treasury criticizing China about that country’s exchange rate and Japan’s currency advisor Gyohten stating that Japan, China and the U.S. need to collaborate to stabilize the greenback. JPY underperformed on Gyohten’s comments. GBP is outperforming, likely on speculative short-covering. 

  • The Dollar fell sharply across the board as stocks and commodities soared
    Daily Review 17/02/2010 USD Dollar (USD) – The Dollar fell sharply across the board as stocks and commodities soared. The Dollar failed to rise even better than expected data on the NY Empire State Manufacturing Index that came out 24.9 vs. expected 17 and in the TIC Net Long-Term Transactions that came out 63.3B vs. expected 50B. Markets in the US rose sharply. The Dow Jones gained 1.68% and the NASDAQ rose 1.4%. Commodities also rallied. Crude oil rallied rising more than 4% closing above 7...

  • The Dollar gained against all majors
    Daily Review 18/02/2010 USD Dollar (USD) – The Dollar gained against all majors as higher estimated earnings and economic data signaled the global recovery is gaining momentum and Several Federal Reserve policymakers said they want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system . NASDAQ and Dow Jones increased by 0.55% and 0.39% respectively, crude oil rose by 0.45% closed at 75.4$ a barrel, Gold(XAU) decreased by 0.4% ...

  • The Dollar gained versus most majors as weak Personal Spending
    Daily Review 2/11/2009USD Dollar (USD) – The Dollar gained versus most majors as weak Personal Spending and stock declines continued to lower risk appetite. NASDAQ and Dow Jones fell by -2.50% and -2.51% accordingly. Crude dropped by -3.61% closing at 76.99$ a barrel and Gold (XAU) declined by -0.64% closing at 1039.70$ an ounce on stronger Dollar. Today, ISM Manufacturing PMI is expected with 53.1 versus 52.6 prior and Pending Home Sales are expected lower with 0.3% change versus 6.4% prior. ...

  • The Dollar posted small gains against most of the majors after Retail Sales data came out better than expected
    Daily Review 15/02/2010 USD Dollar (USD) – The Dollar posted small gains against most of the majors after Retail Sales data came out 0.5% better than expected 0.4% but eased part of the gains after The Michigan Consumer Sentiment Index came out 73.7 worse than expected 74.8. Walls Street closed mixed with NASDAQ advancing 0.28% and the Dow Jones lost -0.44%. Crude oil fell and closed at 74.2$ a barrel, Gold (XAU) almost unchanged closed at 1092.8$ an ounce. Today, US banks will be closed in o...

  • The EUR climbed for a second day versus the USD
    The JPY and the USD lost against the most of its major counterparts. The AUD has continued its upward trend and the government of Australia will increase the interest rates. However, we wish you a successful trading day.

  • The EUR climbed to 134.31 against the JPY
    Good morning from Hamburg and welcome to our first Daily FX Report of this week. In the past six month, the USD dropped against 15 of its 16 major counterparts and last week, the USD continued its trend. We wish you like always a good start in the new trading week.

  • The EUR climbed to 134.31 against the JPY
    Good morning from Hamburg and welcome to our first Daily FX Report of this week. In the past six month, the USD dropped against 15 of its 16 major counterparts and last week, the USD continued its trend. We wish you like always a good start in the new trading week.

  • The EUR could raise 0.9% against the GBP and traded at 0.9033
    Good morning from Hamburg and welcome. The GBP weakened against all of its major counterparts and the U.K. published negative economic data. Also the USD fell against most of its major counterparts. Furthermore we analyze the CHF.

  • The EUR fell also against the JPY as it reached the low at 132.80
    Good morning to our Thursday’s Daily FX Comment of this week. Bad rated banks inside the UK may be the main reason for the weak GBP in the past few trading days. We wish you a nice and relaxed trading day and successful trades.

  • The EUR has been trading in a bearish trend channel versus the CHF
    Good morning from icy Hamburg and welcome to our first Daily FX Report in 2010. We hope you enjoyed some holidays, if you had some, and wish you a successful year of trading. Today, we will start to report about the USD and some economic data from the U.S.

  • The EUR reached 1.4891 versus the USD
    Good morning from beautiful Hamburg and welcome to our first Daily FX Report in a new week. Today we will report about the strong JPY which rose against all of its 16 major counterparts. Furthermore we analyze the CHF. However, we wish you a good start in a new trading week.

  • The EUR rose for the first time within the last five days against the JPY
    Good morning from beautiful Hamburg and welcome to the first Daily FX Report of this week and the last one in November 2009. We hope you enjoyed your weekend very well and you could start relaxed into the new trading week. We wish you a successful trading day.

  • The EUR traded below a bearish trend line against the CHF
    Welcome to Varengold’s Daily FX Comment. We hope we were able to report you significant news and analysis during the past days. Anyway, the weak major currencies at today’s opening are the EUR and AUD. We wish you a successful trading day.

  • The EUR traded near a one year low
    Good morning from Hamburg and welcome to our first Daily FX Report of this week. Today, we will report about the weak EUR and its downward trend against other major counter parts. However, we wish you a good start in a new trading week.

  • The EUR/CAD has started a bullish trend
    Good morning. Due to the clock change during the weekend, the Server time of Varengold has changed from GMT+2 to GMT+1. However, the week starts with a weak USD on optimistic expectations about the global economy. We wish you a nice start in the new trading week.

  • The EUR/JPY climbed to 122.78 while the AUD/JPY reached a high at 80.43
    Good morning from cold Germany and welcome. Low-yielding currencies like the USD and the JPY fell against a basket of currencies after minutes of the policy meeting from Tokyo. We wish you a successful trading day.

  • The EUR/USD climbed for a second day to 1.4168 after rising to a high of 1.4174
    Good morning from cold Hamburg. We hope you have enjoyed your weekend and you were able to relax for a new trading week. Today we will see important data from the US, which could have decisively influence on the FOREX market. Have a nice start in the new week.

  • The EUR/USD fell during the Asia session below the 1.4400 level
    Good morning and welcome to Varengold’s Daily FX Report. The Fed didn’t surprise the FOREX market yesterday and left its key interest rate at 25bps. The market still spends more attention to the economic data of the U.S. and is waiting especially for the leading indicators today.

  • The EUR/USD traded near a 16−month high
    Good morning and welcome to the Daily FX Report. The December began in Hamburg very cold and froze the car glasses for the first time this winter. However, we wish you a prosperous trading day.

  • The EUR/USD traded near a 16−month high
    Good morning and welcome to the Daily FX Report. The December began in Hamburg very cold and froze the car glasses for the first time this winter. However, we wish you a prosperous trading day.

  • The EURJPY is moving above 136.10 resistance
    Several stocks made reversal type of price action yesterday, making a new highs early in the session and falling back heavily in late trading to close below the previous day’s low. This is certainly not bullish looking price action and S&P 500 futures are below 1075 (former break out level) this morning. A daily close below this 1075 level would open for a correction lower, so we are monitoring the S&P closely over the next few sessions to see the response towards 1070 to 1075 suppor...

  • The EURJPY is moving above 136.10 resistance
    Several stocks made reversal type of price action yesterday, making a new highs early in the session and falling back heavily in late trading to close below the previous day’s low. This is certainly not bullish looking price action and S&P 500 futures are below 1075 (former break out level) this morning. A daily close below this 1075 level would open for a correction lower, so we are monitoring the S&P closely over the next few sessions to see the response towards 1070 to 1075 suppor...

  • The Forex Market
    The Forex Market- What , where and how to trade in this unique and profitable market. Downloads, guides and reviews in Forex trading

  • The GBP dropped to 1.6010 versus the USD
    Good morning from Hamburg and welcome to our Daily FX Report. We have reached the middle of the week and the JPY weakened against its most counterparts. Furthermore we analyze the GBP and have some data from the UK.

  • The GBP is the only one who decreased versus the USD in the past six weeks
    Good morning from Hamburg and welcome to our Daily FX report. Today we are going to report about the GBP and a decision from the Bank of England about its interest rate. We wish you will have a successful trading on Tuesday.

  • The GBP reached 0.8953 versus the EUR
    Good morning from rainy Hamburg and welcome to our Daily FX Report. The Bank of England may extend its bond buying program to save banks from a bankruptcy. The JPY rose against its most counter parts again.

  • The GBP reached 1.6415 versus the USD
    Good morning from beautiful Hamburg and welcome. The USD weakened against 15 of its 16 major counterparts. Below we analyze the USD versus the EUR and the GBP. Anyway, we wish you many success in trading today.

  • The GBP/CAD has been recovering inside a trend channel
    Today, we are going to report about important data from the world’s third biggest economy of china. We wish you a wonderful start in the new trading day.

  • The GBP/USD fell for a second day to 1.6111 after opening at 1.6138
    Good morning from Hamburg and welcome to our FX Report. Today, we would like to report about the Euro-Zone’s economy and the performance of the 16 nation currency. Anyway, we wish you successful trades and a nice weekend.

  • The GBP/USD gained to 1.6626
    Good morning from Hamburg and welcome. The EUR gained versus the USD and was able to cross the 1.5000 level. The EUR gained also against the most other counterparts. However, we wish you a successful trading day.

  • The Greece issue is still hurting Euro
    S&P 500 futures trading lower overnight following statements from Chinese Premier Wen that China would control the pace of new lending and that Chinese banks have been told to stop lending for the rest of January. S&P 500 futures was not able to break above the 1150 on yesterday’s rally and we still see weakness in the chart from Friday, with a wide spread down bar, a bearish engulfing pattern in candlestick terms. This confirms the weakness from Monday last week that looked like an ...

  • The Ins and Outs of Forex Trading with the Net’s Foremost Forex Analyzing Tools
    Forex trading analyzing tools offer you the best in market analyzing tools. From learning how to play to understanding currency trading statistics.

  • The JPY fell against 15 of its 16 major counterparts after Asian Stocks gained
    Good morning to everybody. Welcome to our Daily FX Comment. Today we will report about a strong EUR and expectations about the economic data in the Euro-Zone. Have a nice trading day.

  • The JPY fell for a second day against the AUD to 85.25 after it touched its low at 85.41
    Good morning from Hamburg and welcome. Employment rates in Australia have influenced the FOREX market after the nations’ currency gained against all the major counterparts. We wish you a nice trading day.

  • The JPY gained for the first time since October 7th against the EUR
    Good morning from Hamburg. Yesterday the losses along the stock market caused aggressive movements at the FOREX market. Investors cut high-yield trades to avoid more losses. However, have a nice Tuesday and good luck in Trading.

  • The JPY increased to 80.80 against the AUD and even touched 79.47
    Good morning from rainy Hamburg and welcome to our first Daily FX Report of this week. Today we will report about the revived JPY and some economic data from China and Australia. We wish you a successful start for the new week.

  • The JPY made strong gains against a basket of currencies
    Today, we will have the JPY on focus while Japanese government leaders made comments, which caused a 14-year high of the JPY against the USD. Anyways, we wish you a nice Thursday and good luck in trading.

  • The JPY rose from a four month low against the USD
    Good morning from very cold Hamburg and welcome to our last Daily FX Report for this week. Today, we expected a lot of economic data from the U.S. Furthermore we analyze GBP and the AUD. However, we wish you good look today and a wonderful weekend.

  • The JPY rose to 126.96 versus the EUR
    Good morning from Hamburg and welcome to our last Daily FX Report of this week. The JPY gained versus all of its 16 major counterparts and reached a nine month high against the EUR. We wish you a relaxing weekend and much success in trading today.

  • The JPY rose to 88.96 per USD
    Good morning from the seaport Hamburg and welcome. The JPY extended its gains versus its major counterparts and Canada delivers positive data of their economic recovery. Anyway, we wish you much success for today.

  • The JPY rose to 88.96 per USD
    Good morning from the seaport Hamburg and welcome. The JPY extended its gains versus its major counterparts and Canada delivers positive data of their economic recovery. Anyway, we wish you much success for today.

  • The JPY traded against the EUR at 133.37
    Good morning from beautiful Hamburg and welcome to our Daily FX Report. The USD almost reached a 14 month low against the EUR. Furthermore we have interesting data from Japan. Anyway, we wish you a good trading day.

  • The JPY traded versus the USD at 89.43
    Good morning from cold Hamburg and welcome. The AUD traded against the USD to a 14 month record high. The EUR made also a big price jump versus the USD and the JPY fell against all of its 16 major counterparts. We wish you like always much success today.

  • The London − based research group said in a statement today
    Good morning and welcome to our first Daily FX Report in February 2010. A new week, though the same cold weather in Hamburg: up to 50cm fresh snow during the weekend. Fortunately the FOREX market isn’t frozen yet and we wish you a successful trading week.

  • The MSCI Asia−Pacific Index of regional shares slipped 1.5 percent
    Good morning and welcome to Varengold’s Daily FX Comment. Today, shares in the Asian session started with negative performances after data from china reduced optimism on the economic recovery. We, wish you a nice and successful trading day.

  • The NZD dropped versus the USD to 0.7385
    Good morning from very cold Hamburg and welcome to our first Daily FX Report of this week. The USD made a profit against 15 of its 16 major counterparts. We wish you as always a successful start in a new trading week.

  • The NZD dropped versus the USD to 0.7385
    Good morning from very cold Hamburg and welcome to our first Daily FX Report of this week. The USD made a profit against 15 of its 16 major counterparts. We wish you as always a successful start in a new trading week.

  • The NZD fell for a third day against the JPY and reached a low at 64.05 after opening at 64.23
    Good morning from wonderful and cold Hamburg. Tomorrow will be Christmas Eve in Germany while the suitable snowy weather makes everything more traditional and beautiful. Anyways, we wish you a merry Christmas time and a successful last trading day for this week.

  • The NZD/JPY has also recovered from a record high
    Good morning from Germany. The FOREX market seems to have started the New Year quietly and most of the major pairs have trading sidewise. Anywise, we wish you a nice trading day with successful trades.

  • The NZD/JPY has been gaining along the Auto Regression Bands (ARB)
    Good morning from Hamburg and welcome to our Daily Report. Today, we are going to report about the Japanese economy and the nation’s currency. We wish you a nice trading day and successful trades.

  • The Reserve Bank of Australia raised its key interest rate by 25bps
    Good morning and welcome to our Daily FX Report. Today we expect some very interesting economic data from the U.S., which hopefully give some important information about the condition of the World’s biggest economy. However, we wish you a successful trading day.

  • The Reserve Bank of Australia raised its key interest rate by 25bps
    Good morning and welcome to our Daily FX Report. Today we expect some very interesting economic data from the U.S., which hopefully give some important information about the condition of the World’s biggest economy. However, we wish you a successful trading day.

  • The Selling Begin...
    I have recently warned that some selling was close at hand as we had very overbought conditions on both the daily and weekly charts that simply need to be worked off over time. The rubber band can stretch only so far and then it has to break, especially when it occurs on multiple time frame charts such as those daily's and weekly's. When the short term time frame charts get overbought on their oscillators you can weather the storm if the daily charts aren't that overbought. They unwind very fas...

  • The U.S. retail sales climbed an estimated 3.6 percent this holiday season
    Good morning from Hamburg and welcome to Varengold’s Daily FX Report. The year draws to a close but we’re waiting for some interesting consumer data from the world’s biggest economy today. However, we wish you a prosperous trading day.

  • The USD and the JPY climbed versus the EUR
    Good morning from beautiful Hamburg. Today, we will report about the JPY and its continuing upward trend. This time, the JPY gained against all of its 16 major counter parts. Additionally, we show some stocks data from Japan. We wish you a good trading day.

  • The USD and the JPY climbed versus the EUR
    Good morning from beautiful Hamburg. Today, we will report about the JPY and its continuing upward trend. This time, the JPY gained against all of its 16 major counter parts. Additionally, we show some stocks data from Japan. We wish you a good trading day.

  • The USD climbed repeatedly against the EUR
    Good morning from wonderful Hamburg and welcome to our Daily FX Comment. Today, we will be focused on the measures of the ECB for the financial situation of Greece. Anyway, we hope you had a great weekend and we wish you a nice start in the new week.

  • The USD climbed to 90.62 versus the JPY
    Good morning from Hamburg and welcome to our last FX Report of this week. The AUD climbed against its most major counterparts and the government spoke about a faster recovery from the financial crisis as expected. We wish you much success and have a nice weekend.

  • The USD dropped to 0.9227 against the AUD
    Good morning from Hamburg and welcome. We approach the end of the week and the AUD could continue its upward trend while the USD traded near a three week low against the EUR. However, we wish you much success in trading today.

  • The USD fell towards its fourth monthly drop against the EUR
    Good morning and welcome to our last FX Report in this week and month. We hope you will have a successful last trading day and a nice weekend.

  • The USD fetched 89.86 against the JPY
    Good morning from very rainy Hamburg and welcome to our first Daily FX Report of this week. The USD fell against its most counterparts but could recover against the EUR. However, we wish you a successful start in this week.

  • The USD fetched 89.86 against the JPY
    Good morning from very rainy Hamburg and welcome to our first Daily FX Report of this week. The USD fell against its most counterparts but could recover against the EUR. However, we wish you a successful start in this week.

  • The USD gained against the GBP to its high at 1.5641
    Good morning from Hamburg. Today could become an exiting trading day due to the release of a lot of economic data from the U.S. as well as the Euro-Zone and the UK. Anyways, we wish you a wonderful, nice and successful trading day.

  • The USD has been trading in a bullish trend channel versus the JPY
    The CAD drooped to a four months low against the USD and reached 1.0527. The CAD lost 2.4%, its biggest intraday decline since June 2008 after the nation`s central bank intensified its warning that the CAD is growing too strong, that boosted speculation that the central bank will not raise the interest rates in the next time. The EUR/JPY weakened after European policy makers warn that the strong EUR will derail the economic recovery. Furthermore the USD climbed against the JPY and reached 90.9...

  • The USD has been trading in a bullish trend channel versus the JPY
    Good morning from icy Hamburg and welcome to our Daily FX Report. Today, the middle of the week is reached and we`ll report about the CAD and its situation. Furthermore we have interesting data from the U.S. and the euro zone.

  • The USD traded at 1.6226 against the GBP
    Today, we will report about the GBP and the EUR while Greece`s debt rating was downgraded. This brings other European nation banks in the focus. Furthermore we had interesting data from Japan. However, we wish you good luck in trading and a nice Wednesday.

  • The USD weakened near to a one week low against the EUR
    Good morning from wonderful Hamburg and welcome to our Daily FX Report. The USD had a difficult start in the New Year and lost against its most major counterparts. However, we wish you a successful trading day.

  • The USD weakened versus the JPY and fell to 89.68
    Good morning from Hamburg and welcome to our last FX Report for this week. Today, we expect a lot of interesting economic data from the U.S. To the end of the week, the JPY gained versus all of its 16 major counterparts. Anyways, we wish you a relaxing weekend.

  • The USD−Index fell for a second day to a low of 76.92
    Good morning from cold and snowy Hamburg and welcome to our Daily Comment. Today, we will focus on the AUD and CAD. The currencies rose to record highs on commodity appreciation. Anywise, we wish you a nice start in the new week.

  • The USD/CAD closed at 1.0570 yesterday after its opening at 1.0707 on Monday
    Good morning from cold Hamburg and welcome to our Daily FX Report. Today the European Commission will recommend in a report that finance ministers endorse Greece’s plan to reduce the nation’s budget deficit. However, we’re curious how the FOREX market will react.

  • The USD/CAD declined to 1.0645 at its lowest level on Wednesday
    Good morning from Hamburg and welcome to our Daily FX Report. It is very strange what currently taking place at the FOREX market; it seems that the USD and JPY reverse its roles, as more and more carry-trader comes on the USD. However, we wish you a successful trading day.

  • The USD/CHF increased to 1.0057
    Good morning from beautiful Hamburg and welcome to our last FX Report of this week. The USD continued its bearish trading against the EUR. Additionally we report about the USD regarding to its counterparts from the South Pacific. Anyway, we wish you a nice weekend.

  • The USD/JPY climbed for a sixth day after it touched a high at 91.48
    Good morning from Germany, welcome to our Daily FX Report. High yielding currencies are losing against the USD while we are still looking forward to see the U.S. data, which are expected to be positive. Anyways, we hope you will have good luck in trading.

  • The USD/JPY fell for a fourth day and reached a low of 84.83
    Good morning from Germany and welcome to our FX report. The JPY is still dominating over all its major counterparts after further comments by the government and some economic data. Anyways, we wish you a relaxed weekend and happy Thanksgiving.

  • The USD/JPY has been moving less the resistance level at 90.60
    Good morning from snowy and frosty Hamburg. Today we will have the EUR and the USD in Focus while we expect further U.S. data this week, which could be important for the related currencies. However, have a nice start in the week.

  • The USD/JPY pulled back to 91.77 after touching a high at 92.09
    Welcome to Varengold’s Daily FX Report. Today, we will be focused on the USD after the Federal Reserve’s decision yesterday has boosted the nations’ money against a basket of major currencies. We hope you had a great week and wish you a nice trading day.

  • The USD/JPY trades near flat of around 88.82 after opening at 88.84
    Good morning to our Daily FX Comment. We hope you had a nice weekend and you were able to start well-rested into a new hopefully exciting FOREX trading week. Today we are going to report about the USD after it dropped against a basket of currencies.

  • The VIX has fallen down to 23 in the Feb contract today
    EU has given Greece one month to prove itself, to show food on deficit and comments out from Juncker signals EU Ministers are looking to stabilize Greece one way or another to avoid a meltdown. Seems like the markets liked this approach from the EU and risk was put on in force today. We have outlined for some time that the S&P chart is still in an uptrend and the correction down to 1040 is just a correction as long as 1056 support holds. We expect a move to test 1103 key resistance, which ...

  • The biggest ever percentage quarterly fall
    Comment: We are going to stick our neck out on this one and say ‘enough is enough’. Following its biggest ever percentage quarterly fall, and in Yen terms the biggest since 1982 when it started off at 450.00, prices are unlikely to extend beyond the all-time low at 128.20 of April 1995. However, rather than reversing the catastrophic losses, the cross should trade broadly sideways in a very wide band. Moves might be so large that to many these will feel like a series of alternating trends. ...

  • The collapse in H2 2008 was so fast
    Comment: The collapse in H2 2008 was so fast because it had to make up for time wasted in the preceding twelve months. Having comfortably met our downside target we have come to a juddering halt so that the extension to 107.00 we had expected now looks less likely. Rather, over the next three months, maybe six, we favour a series of very messy and random price swings roughly between 120.00 and 135.00. The longer we hold above 115.00, the more likely a very slow short squeeze up towards 140.00 a...

  • The industrial output rose more than the economists forecast
    Good morning from rainy Hamburg and welcome. Today, we want to report about the USD and some economic data from around the world. Furthermore we analyze the EUR and the CHF. However, we wish you a beautiful day.

  • The lowest price since the beginning of the month
    Weak shares and bad economic data brought back distrust to the global financial markets. One of the most affected major currencies is the EUR. Anyway, have a nice day and good luck in trading.

  • The market was looking for an increase by 4 bps
    S&P 500 futures printed high of 1148 yesterday in early morning trading, but fell back once the US markets opened and traded lower to close at 1039.50. This was only the 2nd Monday of the last 8 trading Monday’s that was negative. The previous negative Monday was 7th of December. Actually yesterday’s reversal in the S&P 500 futures after a gap up on the open triggered a sell signal on one of our proprietary charting systems. So we are looking to get short the S&P 500 futures if...

  • The next policy meeting of the RBA will be at December 1st
    Good morning from Germany and welcome to Varengold’s Daily FX Comment. Today we will report about comments from Australia and the United states, which influenced the currency market and may be an indicator for further movements. We hope you will have a successful trading day.

  • The next resistance could be around 89.35
    We wish you a good morning from Hamburg where the snow begins to thaw. Today we are expecting a lot of interesting economic data from the U.S. Furthermore the USD could reach a four month high against the EUR. However, much luck trading today.

  • The only problem at the moment is that price action is bullish
    S&P 500 futures picking up from lows this morning after Asian stocks fell overnight (Chinese market down more than 3%) on broadly negative comments from policy makers, especially out of China with researcher Zhang Ming (Academy of Social Sciences ) pointed out that capital controls could be strengthened to address speculative inflows related to low US interest rates. National Price Monitoring Center researcher Liu Manping saw the optimal time for stimulus exit as the latter part of Q2 2010...

  • The only problem at the moment is that price action is bullish
    S&P 500 futures picking up from lows this morning after Asian stocks fell overnight (Chinese market down more than 3%) on broadly negative comments from policy makers, especially out of China with researcher Zhang Ming (Academy of Social Sciences ) pointed out that capital controls could be strengthened to address speculative inflows related to low US interest rates. National Price Monitoring Center researcher Liu Manping saw the optimal time for stimulus exit as the latter part of Q2 2010...

  • The only problem at the moment is that price action is bullish
    S&P 500 futures picking up from lows this morning after Asian stocks fell overnight (Chinese market down more than 3%) on broadly negative comments from policy makers, especially out of China with researcher Zhang Ming (Academy of Social Sciences ) pointed out that capital controls could be strengthened to address speculative inflows related to low US interest rates. National Price Monitoring Center researcher Liu Manping saw the optimal time for stimulus exit as the latter part of Q2 2010...

  • The stock market is now pricing in a very rapid recovery
    S&P 500 futures back above 1085 after a dip in early Asian session towards 1075 support (former break out level). Strong bullish momentum intact above the 1075 level. A few weakness signs on the Gold chart and could fall back and test the break out level of 1033 near term. We will monitor Gold closely over the next sessions to potentially set up a short trade. JPY weaker again this morning as the equities rally and risk appetite increase for carry trades, main beneficiaries are AUDJPY, NZD...

  • The stock market is now pricing in a very rapid recovery
    S&P 500 futures back above 1085 after a dip in early Asian session towards 1075 support (former break out level). Strong bullish momentum intact above the 1075 level. A few weakness signs on the Gold chart and could fall back and test the break out level of 1033 near term. We will monitor Gold closely over the next sessions to potentially set up a short trade. JPY weaker again this morning as the equities rally and risk appetite increase for carry trades, main beneficiaries are AUDJPY, NZD...

  • The supply is still high in Crude that limits the ability to get and stronger rally going
    S&P 500 futures rallied towards the 1103 resistance level Tuesday and it needs to break above this 1103 level to open for any stronger rally. We also note that Gold once again bounced off the 1075 Friday, which is a strong support level. We expect a rally in Gold near term as it bounced very strongly off this 1075 level for a second time over the last 2 month, which signals that gold is a buy on dips above this level for the moment. The Euro continues to be pressured on Greece and uncertain...

  • The supply is still high in Crude that limits the ability to get and stronger rally going
    S&P 500 futures rallied towards the 1103 resistance level Tuesday and it needs to break above this 1103 level to open for any stronger rally. We also note that Gold once again bounced off the 1075 Friday, which is a strong support level. We expect a rally in Gold near term as it bounced very strongly off this 1075 level for a second time over the last 2 month, which signals that gold is a buy on dips above this level for the moment. The Euro continues to be pressured on Greece and uncertain...

  • The tertiary index increased 0.5 percent from a month earlier
    Good morning from Hamburg and welcome to our Daily FX Report. After we saw a bearish EUR/USD rally yesterday we are looking forward to the Federal Reserve rate decision today. However, we wish you a successful trading day.

  • The unemployment rate dropped to 5.7%
    Good morning from cold Hamburg and welcome to our Daily FX Report on Thursday. Today, the GBP is in focus. Furthermore we have data about the unemployment rates in the U.S. and Australia. As every time, we wish you much success today.

  • The unemployment rate to tick above 10% this or next month
    S&P 500 futures closed down Friday and confirming the weakness we mentioned in Friday’s report. So it reversed the strength from Thursday and the next key support level remains 1020. The rising trend line from March 09 was also broken Friday with the close below 1035, another confirmation that market is in correction mode. Also noting that the 23,6% Fibonacci retracement of this March to October rally is all the way down at 996, meaning it could easily fall quite a bit lower. The dominan...

  • The unwinding of long NZD positions accelerates
    The latest IMM data cover the week from 24 November to 1 December. The IMM report was compiled following the recovery in risky assets last week as fears about the credit situation in Dubai eased. Coinciding with the improvement in risk appetite speculative investors added marginally to short dollar positions, which rose from USD19.5bn to USD22.4bn. Part of the increase in dollar shorts was placed against the euro, but long JPY positions were also built further to reach 39.5 percent of open int...

  • The weakness we saw in S&P 500 futures over the last few weeks materialized today
    The weakness we saw in S&P 500 futures over the last few weeks materialized today and trading down through 1060 at the start of the US session after the weaker than expected US housing data brought sellers out in full force. We have warned that equities looked overdone and the weakness in the background of S&P 500 futures developed over the last few weeks materialized over the last few sessions in a dominant way and next key support is 1038 followed by 1020. The rising trend line from M...

  • The year−end high at 0.9805
    Comment: So far this week we have undone the huge rally in the last two weeks of December, with the year-end high at 0.9805 an ‘evening star’ candle and forming an important top. During this quarter we favour a lot of consolidation between 0.8800 and 0.9600, though a collapse back down to December’s opening level at 0.8250 cannot be completely ruled out. Q2 should be dominated by more very large and random price swings at a slightly lower level, say between 0.8200 and 0.9000. Only in Q3 w...

  • Thin Holiday Trading; Profit−taking Likely to Pressure Stocks
    Despite the higher equity markets overnight, the lack of upside momentum is making traders leery of a possible short-term profit-taking correction ahead of tomorrow’s holiday. Weakness in the Dollar could help to trigger a sell-off.

  • Thin Pre−Holiday Trading Pressures Dollar
    The U.S. Dollar is trading lower overnight under thin, pre-holiday selling pressure.  Although it is difficult to gauge the actual reasons behind the weakness, it’s easy to speculate that the huge run-up in the Dollar the past few weeks is making it ripe for profit-taking.

  • This was the biggest three day gain in more than two months
    Good morning from Hamburg and welcome to our last Daily FX Report of this week. Today, we would like to report about the GBP and some interesting data from the U.K. However, we wish you a successful trading day and a beautiful weekend.

  • Time to Trade Like the Professionals Do – Upgrade to Real Time Forex Quotes
    Discover the world of pro traders. Check, analyze and investigate currency trading quotes via live feeds, make up to the minute investment decisions.

  • Today's Technical Levels
    Today’s trend: Upwards Buy/Sell: Buy Entry 1: 1.4265 Entry 2: Nil Stop: 1.4215 Profit 1: 1.4340 Profit 2: 1.4390

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals
    The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

  • Today's Trading Signals Yearly Performance
    “Today’s Trading Signals” is prepared by Financial Trend Analysis (FTA). Decision-making is subjective but based on a number of technical analysis models. Exchange rate information comes from Bloomberg or Reuters and the return is calculated daily based on prices from these suppliers. Since there are no actual trades behind the return in securities covered in the analysis the return is theoretical. No back testing has taken place.

  • Today's Trading Signals Yearly Performance
    “Today’s Trading Signals” is prepared by Financial Trend Analysis (FTA). Decision-making is subjective but based on a number of technical analysis models. Exchange rate information comes from Bloomberg or Reuters and the return is calculated daily based on prices from these suppliers. Since there are no actual trades behind the return in securities covered in the analysis the return is theoretical. No back testing has taken place.

  • Today's Trading Signals Yearly Performance
    Financial Trend Analysis has a goal of producing a return of at least 10 % a year. In 2007 our return was 10.33 %, 12.43 % in 2008 % and this year up until March 31st the return is 5.96 %. Since 2007 we have only reported 1 month with a total loss and only 1 currency cross with a yearly loss.

  • Today's Trading Signals Yearly Performance
    Financial Trend Analysis has a goal of producing a return of at least 10 % a year. In 2007 our return was 10.33 %, 12.43 % in 2008 % and this year up until March 31st the return is 5.96 %. Since 2007 we have only reported 1 month with a total loss and only 1 currency cross with a yearly loss.

  • Today's Trading Signals Yearly Performance
    “Today’s Trading Signals” is prepared by Financial Trend Analysis (FTA). Decision-making is subjective but based on a number of technical analysis models. Exchange rate information comes from Bloomberg or Reuters and the return is calculated daily based on prices from these suppliers. Since there are no actual trades behind the return in securities covered in the analysis the return is theoretical. No back testing has taken place.

  • About Us
    Discover a world of information and a wealth of tools for optima currency trading online

  • Trader Aversion to Risk Pressures Equity Markets
    The stronger Dollar led stock market investors to pare positions as traders become more averse to risk. U.S. equity markets closed sharply lower following a sell-off which began in Asia and Europe overnight and spread to the U.S. throughout the day. Traders are trying to protect profits at the end of the year as chart patterns suggest there is more downside than upside potential at current levels. Traders are reacting to global debt concerns a lot faster than they did in 2008.  This is lea...

  • Traders Bidding up U.S. Stock Indices ahead of Economic Data
    U.S. investors are driving stock indices higher ahead of this morning’s housing starts and industrial production reports. Renewed confidence in higher risk assets is also contributing to the strength.  Trading could slow down after the morning session as investors flatten out ahead of this afternoon’s FOMC minutes.

  • Traders Drive Up Equity Futures in Anticipation of Upbeat Earnings
    Traders expecting upbeat earnings reports this week are helping to drive up stock index futures this morning.  Investors seem to be optimistic that the positive earnings trend will continue.  Technical indicators continue to signal overbought conditions, but investors seem to be ignoring these indicators because they really have no investment alternative other than equity markets at this time. At this point, it is going to take a slew of poor earnings reports to drive investors out of...

  • Trading Indicators
    Forex trading indicators are important for the serious trader using technical analysis. Here you can read and learn more about them and put them to use instantly

  • Trading Losses
    Guide which show you mistakes to avoid in online Forex trading, what not to do when trading, and how to regain your profits.

  • Forex Trading Fibonacci Retracement Calculator Tool
    Free Fibonacci Retracement Calculator computes fibonacci retracement levels based on your input levels. No Download needed

  • Forex Trading PIP Value Calculator - Currency Trading Tools
    Pip Value Calculator tool that measures the PIP value of the USD with serveral other major currencies. Simple use and FREE

  • Trading Trends
    This Forex trading trends guide is meant to give you all the needed info on Forex trends. You will find tips, downloads and charts

  • Trading the Breaks −−−− EUR/JPY
             {image "eurjpy1-26-2010+2-35-11+PM_20100126201226.jpg"}      Continuing from my posting yesterday  it is important to notice when a currency pair is breaking in order to determine an entry point, we will talk about an exit strategy in future posts, although visually, you can probably get the idea just from glancing at the chart.  We are looking at an hourly chart of EUR/JPY, from last Tuesday forward, and can first notice that ...

  • Trading the Breaks −−−− USD/CAD
    {image "usdcad1-25-2010+11-15-42+AM_20100125164327.jpg"}In the currency markets, a very common term in trading is called a break.  So if we refer to USD/CAD on a (daily) time-frame.  We see that it is breaking on the upside.  What this means is that the U.S.dollar  may be getting stronger than the Canadian dollar. The current level right now is around 1.0582, and this level currently is resting just above the trendline, and 100 day moving average.  The second line above ...

  • Trading the Breaks Ahead of U.S. GDP and CHF KOF−−−−− USD/CHF
    {image "usdchf1-28-2010+4-49-09+PM_20100128220052.jpg"}     USD/CHF has a potentially good setup depending on fundamental direction to “trade the break” ahead of United States GDP data and the Switzerland KOF report both due out tomorrow (see below for definitions of both). Right now USD/CHF is trading around 1.0520 with immediate support on the hourly chart sitting at 1.0510 shown by the red trend-line below the price. Resistance is seen above at the previous high from...

  • Trading the Breaks Ahead of the Reserve Bank of Australia's Rate Decision −−−−− AUD/USD Hourly
    {image "audusd2-1-2010+5-40-46+PM_20100201230603.jpg"}Looking at an hourly chart on AUD/USD we see that the Aussie has been getting consistently weaker since Jan 18th earlier this year. Later tonight we have the Reserve Bank of Australia’s rate decision and statement at 10:30PM EST. The pair has been treading below the 100 hour moving average as considerable resistance over the last few weeks (R1) with the 200 hour moving average and downward trend-line above it (R2). A break through these ...

  • Trading the Breaks Ahead of the Reserve Bank of Australia's Rate Decision −−−−− AUD/USD Hourly
    {image "audusd2-1-2010+5-40-46+PM_20100201230603.jpg"}Looking at an hourly chart on AUD/USD we wee that the Aussie has been getting consistently weaker since Jan 18th earlier this year. Later tonight we have the Reserve Bank of Australia’s rate decision and statement at 10:30PM EST. The pair has been treading below the 100 hour moving average as considerable resistance over the last few weeks (R1) with the 200 hour moving average and downward trend-line above it (R2). A break through these ...

  • Treasury Bond and Note Traders Await Auction Results
    December T-Bond and T-Notes traders are cautiously supporting prices in the pre-market in anticipation of the start of this week’s auction.  The Treasury will be auctioning 2-Year Notes.  Investors will be watching to see how much demand there will be for this debt.  The size of the demand will set the interest rate.  Traders won’t know the results until about 12:00 pm CDT.  The release of these results should be a market mover.  The charts indicate the T-Bonds...

  • Treasury Bonds Surge as Bernanke Says Rates Will Remain Low
    Federal Reserve Chairman Bernanke said late this morning that the Fed is likely to keep interest rates exceptionally low for “an extended period.” These three words helped December Treasury Bonds surge to the upside. Early support and upward movement was triggered by a revision in U.S. retail sales in September. Bernanke also commented on the Dollar which came as a surprise since the Dollar is the concern of the Treasury. He expressed some concerns that a lower Dollar may attempt to derail...

  • Treasury Bonds and Notes Surge on Good Auction Results
    December Treasury Bonds and Treasury Notes surged in the afternoon following better than expected results from today’s $42 billion 5-Year Treasury Note auction. The decline in U.S. 3rd Quarter GDP provided support earlier in the trading session along with weaker equity prices.  The strong interest in fixed income instruments could be a sign that investors are looking for protection from risky assets in safe-haven assets like the Treasuries.  All of this activity points toward percep...

  • Tumbling Dollar Sends Equities Markets Sharply Higher
    Demand for higher risk assets helped to trigger a strong rally in U.S. stock markets.  The December E-mini Dow contract took out the October high at 10068 and made a new high for the year. The December E-mini NASDAQ and S&P 500 closed within striking distance of their highs for the year. The action by the Fed last week combined with bearish unemployment report is expected to keep pressure on interest rates which is helping investors build confidence in the long side of the market again...

  • U.S. Debt Concerns Plague Dollar
    The U.S. Dollar remained under pressure at the mid-session although up slightly from the opening. With the lack of major economic news this week, global investors are being forced to worry about another round of U.S. debt. Throughout the week, the Treasury is going to add to its already massive debt pile by another $118 billion. This news is weakening the Greenback. Aside from the debt worries, trading is thin and lifeless at the mid-session. One can only speculate as to where the Forex mark...

  • U.S. Dollar Barely Holding onto Gains
    The U.S. Dollar gave back over 50% of its early morning gains as investors took profits after a strong two-day rise. The inability to break equity markets lower after the opening helped drive up demand for higher risk assets. Investors began selling the Dollar after it became clear that there would be no panic selling of higher risk assets.The EUR USD is trading lower but is well off its low at 1.4828. The main range is 1.4625 to 1.5144. Today’s low stopped at the .618 retracement level of...

  • U.S. Dollar Bottoms after Existing Home Sales Report
    After early morning weakness plunged the Dollar toward last week’s low at 74.75, shorts began covering their positions when the U.S. reported better than expected existing home sales.The Dollar was trading sharply lower overnight and had retraced more than 50% of last week’s rally following bearish comments over the weekend by St. Louis Fed President James Bullard who restated his case for extending the central bank’s mortgage buyback program. Bullard said, “unemployment is high, and la...

  • U.S. Dollar Camping on Three−Month High
    The U.S. Dollar reached a three-month high this morning following a strong surge fueled by the S&P Corp.’s downgrade of Greece’s credit rating. This strong rally started last night but has continued to gain strength on the possibility that more downgrades of Euro Zone sovereign debt are to follow. Investors now fear that the spread of bad debt throughout the region could trigger serious problems banking issues, curtailing the current economic recovery.The Euro took out a major 9-month t...

  • U.S. Dollar Climbs Sharply Higher on Dubai World Debt Concerns
    The U.S. Dollar is climbing sharply higher as global investors dump stocks and commodities on concerns about Dubai World’s debt problems.  Fear is racing through the global investment community, making lower-yielding assets such as the Dollar and the Yen more attractive.  The situation in Dubai began to break late Wednesday night and spilled over into Thursday while U.S. markets were closed for the Thanksgiving holiday. 

  • U.S. Dollar Edges Lower as Investors Seek Risky Assets
    The U.S. Dollar continued its New Year slide as investors sought higher risk assets.  Overnight an index representing a trade weighted basket of currencies turned it main trend down on the daily chart on a trade through 77.32.  The chart pattern now suggests a correction to 76.31 to 75.80 is imminent. This move would represent a normal retracement of the entire 74.17 to 78.45 rally.  Traders are citing the stronger global economy and low interest rates in the U.S as two reasons f...

  • U.S. Dollar Expected to Open Lower
      Trading is returning to normal today following yesterday’s U.S. bank holiday.  Overnight, the Dollar initially stated to show strength, but that quickly disappeared as demand for higher yielding assets showed no let up in Asia and Europe.  Without any major U.S. economic reports today, look for the trend toward a weaker Dollar to continue.  Earnings surprises could move the markets today.

  • U.S. Dollar Fails to Sustain Upside Momentum
    The U.S. Dollar tried to mount a comeback at the mid-session but failed to sustain upside momentum and finished the day down but off the low.  The Dollar was down most of the day and traders renewed interest in riskier assets on optimism that the Dubai World credit issue would resolve itself. Investors seemed tentative to pound the Dollar lower which could be an indication that problems are not over. Breaking last week’s Dollar Index low at 74.27 will be an indication that global investo...

  • U.S. Dollar Falls as Economy Loses 85,000 Jobs
    The U.S. Dollar finished sharply lower on Friday following the release of a U.S. Non-Farm Payrolls Report which showed the economy lost 85,000 jobs in December.  This bearish number surprised traders who were looking for evidence that the U.S. economy stopped losing jobs in December.

  • U.S. Dollar Falls as Traders Downplay Dubai Concerns
    The U.S. Dollar is declining overnight as speculators are downplaying the debt problems in Dubai. Over the week-end, the United Arab Emirates central bank said it “stands behind” the country’s lenders.  This helped to ease concerns that the state owned Dubai World will default on its debt.  Traders now believe that this is a local economic problem rather than one with global ramifications.  With these assurances in place, speculators are increasing their demand for higher...

  • U.S. Dollar Falls as Traders Downplay Dubai Concerns
    The U.S. Dollar is declining overnight as speculators are downplaying the debt problems in Dubai. Over the week-end, the United Arab Emirates central bank said it “stands behind” the country’s lenders. This helped to ease concerns that the state owned Dubai World will default on its debt. Traders now believe that this is a local economic problem rather than one with global ramifications. With these assurances in place, speculators are increasing their demand for higher yielding currencies....

  • U.S. Dollar Falls to 15 Month Low against Basket of Major Currencies
    The U.S. Dollar fell to a 15 month low against a basket of currencies on Tuesday as concerns about debt issues in Dubai subsided, leading to increased demand for higher yielding currencies. Further weakness in the Dollar was attributed to a report that Chinese manufacturing increased at its fastest pace in five years. 

  • U.S. Dollar Finishes Higher in Choppy, Two−Side Trade
    The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains.  This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying.  Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar.  Technically, the Dollar is oversold on the daily chart.  This is another reason for today’s up mo...

  • U.S. Dollar Finishes Week on High Note
    Dollar bulls who wanted to see growth in the labor market and an increase in consumer spending received the latter in the form of a better than expected retail sales report and a jump in consumer sentiment. The bullish response by investors to the friendly retail and consumer confidence numbers is a sign that speculators believe the Fed has enough evidence to hike interest rates sooner than expected.

  • U.S. Dollar Finishes the Month Sharply Higher
    The U.S. Dollar closed out the month of January sharply higher as aggressive buyers helped the Greenback surge to the upside following Friday morning’s better than expected U.S. GDP report. The report which blew out forecasts encouraged traders to buy with both hands as investor sentiment turned more optimistic toward a strong U.S. economic recovery.

  • U.S. Dollar Gaining Strength against Most Majors
    The U.S. Dollar is gaining strength against most major currencies at the midsession with the exception of the Pacific Rim countries. Stronger global equity markets contributed to the earlier weakness in the Dollar as traders once again increased demand for more risky assets after reassessing U.S. economic data and the odds of an interest rate increase by the Federal Reserve. The inability to rally the stock market after an early morning surge helped the Dollar turn positive.The NZD USD is post...

  • U.S. Dollar Getting Trounced after G−20 Offers No Support
    The U.S. Dollar is getting trounced overnight after the G-20 finance ministers failed to discuss the value of the Dollar, thereby, effectively offering no support.  In addition, they decided to keep stimulus measures in place until the global economy can show sustained gains.

  • U.S. Dollar Losing Ground Ahead of ADP and ISM Services Report
    The U.S. Dollar is trading lower against most currencies with the exception of the Japanese Yen as stronger equity markets in Europe and Asia helped drove up demand for higher yielding assets.  Trading was thin overnight and is expected to remain that way until the Fed FOMC announcement later in the day.  The first order of business today that traders will react to are the ADP Employment Report and the ISM Services Report.

  • U.S. Dollar Mostly Weaker Ahead of Retail Sales Report
    The U.S. Dollar is trading lower against most major currencies ahead of this morning’s retail sales report.  Economists are calling for an increase of 0.6% in retail sales for the month of November. The University of Michigan Consumer Confidence report is expected to rise to 68.8 from 67.4.

  • U.S. Dollar Picking Up Strength
    The U.S. Dollar is trading higher at the mid-session. The weaker than expected ADP Employment Report is making investors think twice about buying higher yielding assets. Traders are now waiting for this afternoon’s Fed Beige Book. Investors are waiting for a possible surprise in this report because it is pretty well-known that this report is expected to reaffirm what the Fed has been saying that the economy is in for a rough recovery. At the mid-session the Dollar futures index is posting a...

  • U.S. Dollar Picking Up Strength after Trading Mixed Overnight
    The U.S. Dollar is rallying after trading mixed most of the night.  Traders are trying to decide if yesterday’ strong rally in the Forex markets was a knee-jerk reaction to the better than expected U.S. GDP Report or if it represents a resumption of the uptrend. 

  • U.S. Dollar Posts Strong Gains on Renewed Greece Concerns
    The U.S. Dollar posted strong gains against all major currencies as concerns about Greece’s ability to stick to its new strict budget flared up once again. In addition, a fresh wave of selling pressure hit the Euro after Moody’s Investor Service downgraded ratings on about 4 billion Euros of Greek bank hybrid securities. Both events encouraged investors to seek safety in the U.S. Dollar.

  • U.S. Dollar Renews Strength
    The U.S. Dollar is renewing the strength it showed earlier in the week as the market failed to follow-through to the downside following yesterday’s hard sell-off. The lack of follow-through to the upside in many of the higher risk assets like equities and crude oil is also contributing to the weakness. Today’s strength in the Dollar came about when the bears failed to show up this morning. This little hesitation was enough to scare shorts out of the market in a big way. Early this mornin...

  • U.S. Dollar Rises Overnight on Short−Covering
    The U.S. Dollar is trading slightly better this morning versus most major currencies after the bashing yesterday sent the trade weighted Dollar index to a 15 month low.  Short-term indicators are oversold which could lead to a short-covering rally today. 

  • U.S. Dollar Rises as China GDP Falls Short of Estimates
    The U.S. Dollar could rally today following news that China’s GDP missed analyst estimates.  Although Chinese GDP rose at a faster pace than a year ago, it was still not on target with pre-report estimates.  This news is helping to increase demand for the lower yielding U.S. Dollar.

  • U.S. Dollar Strengthening Against Higher−Yielding Currencies
     

  • U.S. Dollar Support Continues to Erode
    Support for the U.S. Dollar continued to erode this morning collapsing the Dollar Index to near last week’s low at 74.27. A break through this level sets up a further decline to 73.67.News that Chinese manufacturing rose to a seasonally adjusted level of 55.7 helped drive the EUR USD over $1.51. Later this week, the European Central Bank is set to meet. Traders expect interest rates to remain unchanged, but the ECB should announce plans to gradually end government stimulus plans.The GBP USD...

  • U.S. Dollar Surges after Unemployment Rate Drops
    The U.S. Dollar surged against all major currencies after the government reported a surprise drop in the unemployment rate to 10 percent. Pre-report estimates were for the unemployment rate to remain unchanged at 10.2 percent. In addition, the total jobs lost came in at 11,000, well above estimates of 125,000. The October job loss was revised lower.Traders bought the Dollar on the news as it represents the possibility that the Federal Reserve might begin raising interest rates sooner than pre...

  • U.S. Dollar Trading Mixed
    The U.S. Dollar is trading mixed at the mid-session. Profit-taking overnight led to a lower opening, but news that S&P lowered the credit rating of Spain helped the Dollar limit losses. Concern over global debt issues could be the main theme throughout the rest of day. Earlier in the week, a flight-to-quality rally was triggered by credit rating downgrades in Dubai and Greece. Traders will continue to monitor these situations for further developments.The EUR USD erased all of its earlier ...

  • U.S. Dollar Trading Sideways−to−Lower
    The U.S. Dollar is trading sideways-to-lower at the mid-session after backing off a two-month high versus a trade-weighted basket of currencies overnight. The news that Dubai received $10 billion in financing from Abu Dhabi to pay part of the debt held by the state-owned Dubai World is acting as the catalyst behind today’s weakness. This event is helping to alleviate one of the concerns which drove traders into the safety of the Dollar last week, the others being downgrades in Greece, Portuga...

  • U.S. Dollar Trading Weaker after Volatile Overnight Session
    The U.S. Dollar is trading weaker overnight following a volatile trade.  The initial move in the Dollar was to the upside as Germany announced that its economy had shrunk more than expected in 2009.  German GDP contracted 5% which was its first decline in 5 years. 

  • U.S. Dollar Turns Weekly Trend Up
    The U.S. Dollar Index erased all of yesterday’s loss overnight and turned the main trend to up when it crossed a previous main top at 76.82.  Traders are increasing bets this morning that the Fed will raise its key interest rate by at least a quarter-percentage point from near zero by June.

  • U.S. Earnings Reports Help Stock Indices Overcome Earlier Weakness
    Early session weakness triggered by follow-through selling from yesterday and today’s worse than expected initial claims report failed to keep equity prices down.  Traders bought up shares early in the trading session as better than expected earnings reports from Traveler’s and McDonald’s increased trader demand for risky assets.  Today traders continued their pattern of buying on weakness as this market once again showed no sign of a let up.

  • U.S. Equities Could Suffer Under Obama Plan
    U.S. equity markets could feel downside pressure if President Obama’s plan to end trading by financial institutions becomes a law. Investors feel this proposal will have a negative impact on bank earning’s which could weaken their stock prices. In addition, the proposal is making the Dollar less attractive.

  • U.S. Equities March Higher as Investors Gain Confidence
    All three major stock indices finished the day sharply higher after earlier weakness driven by a possible pact between the EU and Greece and better than expected weekly jobs data.   Thursday’s rally indicates that confidence may have been restored to the financial markets. This renewed confidence is tied to possible improvements in the global credit markets and signs that the U.S. jobs market may be confirming the developing recovery. Traders feel that an agreement between the EU and Gr...

  • U.S. Equities Post Strong Gains on Renewed Interest in Higher Yielding Assets
    Confidence that the Greek budget deficit problem may be improving helped to drive up demand for risky assets. This helped to boost U.S. stock indices. Traders were also becoming more confident about improvements in future corporate earnings because of the recent improvements in the economy. The strong rally in the March e-Mini S&P 500 has put this market in a position to test a key retracement area at 1094.50 to 1107.00.

  • U.S. Equity Futures Holding Gains
    U.S. equity futures markets posted a new high for the year early this morning, but have since gone into a range. Despite the upside limitations, the indices are managing to hold on to their early morning gains. Trading has been limited today because of a bank holiday in the U.S. Investors are also standing aside because of tomorrow’s slew of economic reports. U.S. retail sales will be reported early in the trading session. This report should set the tone for the day.Treasury futures are t...

  • U.S. Equity Markets Pare Losses as Investors Remain Calm
    U.S. equity markets pared huge overnight losses after traders gobbled up stocks shortly after a gap lower opening. Investors jumped on the opportunity to buy cheaper stocks following the dramatic sell-off in global equity markets over the Thanksgiving holiday.

  • U.S. Equity Markets Soar as Dubai Debt Concerns Ease
    U.S. stock index futures soared after Abu Dhabi announced a $10 billion infusion into cash strapped Dubai World.  This news helped alleviate some of the concerns that have been holding back the rally in equity markets since the Dubai debt news broke in late November. December E-mini Dow futures rallied to a new high for the year.  The December E-mini NASDAQ is trading slightly below its contract high at 1816.25.  The December E-mini S&P 500 stopped just short of a new high ...

  • U.S. Equity Traders Await Intel Earnings
    U.S. equity markets are trading sideways-to-lower at the midsession. This market has been leaning to the downside throughout the day and has not shown any discernible strength. Traders seem tentative to take a long position ahead of Intel’s earnings report which is due after the close.December Treasury Bonds are trading better. Oversold conditions seem to be the driving force behind the rally although weakening equity markets could be a contributing factor. Last week the Treasury markets b...

  • U.S. Equity Traders Jump on Cheaper Stocks
    U.S. equity traders jumped on the opportunity to buy cheaper stocks following the dramatic sell-off in the market. Equity markets were driven lower by debt problems with Dubai World. This large corporation allegedly asked for a $59 billion debt repayment postponement until May 2010. This announcement set shockwaves through commodity and equity markets as investors pared position and sought safety in the U.S. Dollar.Investors traded the markets in an orderly fashion once the U.S. stock markets...

  • U.S. Markets Brace for Jobs Data
    The U.S. Dollar is trading lower ahead of this morning’s U.S. jobs data report.  Today’s Non-Farm Payrolls Report is expected to loss in October of about 175,000 jobs.  The key will be how investors react if the unemployment rate reaches or exceeds 10%.  Some say this figure is built into the market. 

  • U.S. PMI Reports Boosts Demand for Equities
    A stronger than expected U.S. PMI Report, helped boost U.S. Stock Indices this morning. The report indicated the U.S. economy was expanding and helped relieve some of the bearish pressure that had been building on the markets. Today’s action is most likely short-covering as no major tops were threatened as the markets rallied. The charts indicate that the December E-mini S&P 500 is likely to retrace to 1064.00 to 1072.00 before attracting new selling pressure. The December E-mini Dow h...

  • U.S. Retail Sales Disappoint But Equities Hold Gains
    U.S. equity prices are called higher because of stronger earnings from Intel and J.P. Morgan.  Traders got what they were looking for from Intel including higher earnings and revenue growth.  J.P. Morgan posted higher profits but there are still problems with loans.  Upside momentum is strong but there are still concerns that investors may not chase the higher opening.  This could lead to a sell-off early in the session as traders may seek value on dip instead of buying stre...

  • U.S. Stock Indices Weaken After Buying Dries Up
    Stock index futures closed higher but weakened late in the session after soaring in the morning.  Yesterday’s quick surge early in the trading session put them into overbought territory, giving investors an excuse to take profits.  Throughout this entire rally since March, traders have not been too fond of chasing markets higher, so a correction from current levels will not be unusual.  Short-term, this market should continue to move higher as long as the Fed keeps interest rat...

  • U.S. Stocks Close Higher on Light Volume
    U.S. financial futures markets traded in tight, narrow ranges today with very little movement following the opening.  Today’s U.S. bank holiday and the lack of fresh economic news kept many big players on the sidelines.

  • U.S. Stocks Close Nearly Unchanged after Volatile Trading Day
    Equity markets finished nearly unchanged on Friday after a volatile and tumultuous trading session. The indices weakened in premarket trading following a surprise move by China’s central bank to curb excessive credit demands. Recent data has shown that China’s economy may be heating up too fast which could lead to an asset bubble in the real estate and housing markets.

  • U.S. Traders Fail to Bite on Strong Equity Market Open
    U.S. equity markets opened stronger as expected as traders renewed their demand for higher risk, higher yielding assets. Without any economic reports to concern investors, expectations were for a trend day with a bias to the upside.  After the New York trading session opened sharply higher, U.S. traders failed to bite on the higher opening, causing the markets to break to the downside. This was the typical pattern throughout 2009 where investors would back away from strong openings and ins...

  • U.S. equity markets are expected to open higher
    U.S. equity markets are expected to open higher as investors are putting risk trading back on the table. Upside momentum is building which could trigger a further acceleration to the upside.  The next target for the December E-mini S&P 500 is 1112.25.  A breakout through this level sets up a further rally to a major 50% price at 1122.00.  The inability to reach the minimum upside target could lead to renewed selling pressure.  A failure to hold the psychological level of...

  • UFXBank Daily Review − December 15, 2009
    Daily Review 15/12/2009USD Dollar (USD) – The Dollar weakened slightly versus the majors as the Dollar rally took a relief. NASDAQ and Dow Jones gained by 0.99% and 0.28% respectively as Dubai's bailout calmed investor fears. Crude weakened for the 9th straight day lowering by -0.43% closing at 69.57$ a barrel. Gold (XAU) gained by 0.54% closing at 1123.30$ an ounce. Today, PPI is expected with 0.8% versus 0.3% prior. Industrial Production is expected with 0.6% versus 0.1% prior. TIC Long Term...

  • US TNote Future – Dec 2009
    Comment: October’s correction lower was eventually stemmed by Fibonacci support and the rising Ichimoku ‘cloud’. This has put ten-year benchmark yields within a whisker of tackling the pivotal level at 3.28% (though five-year will probably lead on a break below 2.15%). We expect this to give way this month so that this futures contract rallies to a new contract high prior to delivery. Bullish pressure should increase if prices now hold above 118.00.

  • US TNote Future – Dec 2009
    Comment: Indecision again this month as benchmark ten-year yields hover between 3.00% and 3.50% (and thirty-year between 4.00% and 4.50%). The corrective decline in this futures contract extended just beyond what we had allowed for despite zero momentum. However, the Lagging Span appears to have found some support from September’s candlesticks helping the contract to base close to short term Fibonacci 61% retracement support. The rising Ichimoku ‘cloud’ should eventually help nudge prices...

  • US TNote Future – Dec 2009
    Comment: The rising Ichimoku ‘cloud’ has pushed this contract slightly higher but progress is alarmingly slow. A daily close above 119.00, and ten-year benchmark yields through the pivotal level at 3.28% should speed things up. We expect this to give way this month so that this futures contract rallies to a new contract high prior to delivery. Bullish pressure should increase if prices now hold above 118.00.

  • US TNote Future – Dec 2009
    Comment: At last the penny seems to be dropping for some investors: as yields on short-dated Treasuries approach zero, one is forced out along the curve. With 12-month TBills yielding 0.28%, 2-year TNotes 0.77%, and the Fed Funds target likely to stay where it is for a very long time, suddenly 10-year TNotes at 3.35% look attractive (to bankers and the Chinese if no one else). Technically the rising Ichimoku ‘cloud’ has allowed a re-test of contract high, just ahead of a cluster of pivotal ...

  • US TNote Future – Dec 2009
    Comment: Correction over the last three weeks has taken futures prices below what we had allowed for and turned moving averages bearish. Nevertheless we still see this move as countertrend and shall therefore look for signs of forming an interim base this week, hopefully the rising Ichimoku ‘cloud’ nudging prices up through to delivery. The contract is oversold but then momentum is bearish.

  • US TNote Future – Dec 2009
    Comment: Last week’s close above fairly pivotal resistance around 118.16 has seen bullish momentum increase slightly, as expected, though the contract is currently a little overbought. Allow for a little more consolidation today with dips to 119.00 (and probably no lower than 118.16) seen as good buying opportunities for the next leg of the rally which should take the contract up to the 121.24 area.

  • US TNote Future – Dec 2009
    Comment: Open interest highest in over a year as investor’s understand who (and why) would fund the US government’s ballooning budget deficit. It is just a question of time before benchmark ten-year TNote yields break decisively below the pivotal 3.25% level. A monthly close below here (hopefully this coming Monday) would cause a one-off shift in the structure and level of interest rates - permanently lower. Likewise a weekly close above 120.00 on the Dec09 futures contract.

  • US TNote Future – March 2010
    Comment: The US yield curve is close to its steepest ever as banks scramble to re-pay TARP money ahead of the bonus season; meanwhile President Obama still does not ‘get it’, putting pressure on bankers to do their duty and lend to small businesses. Fixed income futures contracts have retreated a little further than we had allowed for, and yields backed up, prompting a few to claim to have seen a turn in the ultra-long term trend to lower yields. We disagree and see these claims as very pre...

  • US TNote Future – March 2010
    Comment: The US yield curve continues incredibly steep, yields in the middle of the band of the last eight months. This futures contract is still struggling with the 118.00 area, one standard deviation from the mean of the period of the chart above and ‘cloud’ resistance on the weekly continuation chart. On a positive note the contract is no longer overbought, momentum is decidedly bullish, and on Friday it managed a close above the top of the daily Ichimoku ‘cloud’. If not this week th...

  • US TNote Future – March 2010
    Comment: The US yield curve was at its steepest ever (twos-tens a record 285 and even steeper than the early 1990’s) in thin year-end conditions, then last week short-dates were hard hit, benchmark two-year yields doubling from 0.60% to 1.20%. This futures contract became more oversold than it has been since June so we expect it to recover this month towards 118.00. Further out it is Technically important that benchmark ten-year yields top around (and preferably just under) 4.00% as a monthly...

  • US TNote Future – March 2010
    Comment: The US yield curve is still terribly steep, two’s/ten’s TNotes a record 288 basis points. Last week’s pullback in futures prices has been deeper than we had allowed for and a pity because we are back below the 118.00 area, one standard deviation from the mean since September. Bullish momentum has eased very considerably and other technicals are dreary. Hopefully prices will stabilise and regroup, preparing to move higher through a series of obstacles on the way up to contract hig...

  • US TNote Future – March 2010
    Comment: This month five-year TNotes outperformed other maturities, and Bobls too, despite all that has been spouted about budget deficits (and maybe not surprising after December’s drubbing). This futures contract is back up to the 118.00 area, one standard deviation from the mean of the period of the chart above. The contract is somewhat overbought and momentum is now decidedly bullish. Today it is trying to push above a very thin Ichimoku ‘cloud’ and if successful would then provide su...

  • US TNote Future – March 2010
    Comment: Dragged kicking and screaming, investors are being forced to buy US Treasuries, reluctantly accepting that five-year paper yields more than short-dates. These have managed a decisive break below the pivotal 2.125% and it is just a question of time before benchmark ten-year TNote yields break decisively below their equivalent 3.25%. A monthly close below here (hopefully today) would cause a one-off shift in the structure and level of interest rates - permanently lower and eventually fla...

  • US TNote Future – March 2010
    Comment: Front month TNote futures are struggling with the pivotal 122.00 area, and benchmark yields at 3.25%, open interest declining as contracts are not rolled over. Again this suggests investors are reluctant to buy instruments that they see as priced for Armageddon. Eventually they will be forced in at even worse prices. We continue to watch for a drop in yields to 2.50% and the permanent establishment of lower yields. Friday’s drop in the futures contract is seen as an ‘extension’ t...

  • US TNote Future – March 2010
    Comment: Benchmark yields have mercifully pulled back from pivotal trendline resistance and continue to unwind December’s (surprising) move. Yield curves remain (also surprisingly) steep. The futures contract is not overbought, has retraced just over 38% of its previous decline but still has a series of obstacles on the way up. Momentum is now decidedly bullish and consensus opinion is that ten-year TNotes should yield 4.20% at year-end. We continue to favour a rally to 118.00 this month and ...

  • US TNote Future – March 2010
    Comment: Unwinding the nonsense that started just before Christmas is proceeding incredibly slowly, two-year paper doing the running, keeping the US yield curve was at its steepest ever (twos-thirty’s a record 375 basis points). Benchmark ten-year yields look to have topped just under 4.00%, either by luck or by design, no doubt to the authorities’ relief. This futures contract has a series of obstacles on the way up but momentum should turn bullish on a daily close above 116.16. We continu...

  • US TNote Future – March 2010
    Comment: The US yield curve is still terribly steep though five-year TNotes have outperformed as investors inch out along the yield curve looking for a bit more than the ‘zero interest rate’ policy (2.25% versus 0.80% two-year). Much higher than average futures volume Friday as we burst through the 118.00 area, one standard deviation from the mean since September, underlining the importance of the break and how many have been caught short. The contract is not overbought and momentum is deci...

  • USD − From Zero to Hero
    The last two weeks the USD has gained extremely well and seems to have signaled an overall trend change. Having said that, the strong move is due for consolidation/correction so use caution this week with thin volume ahead of the Holidays. Have a happy Season all and I will see you in the  New Year.

  • USD CAD Up Ahead of Bank of Canada Announcement
    The USD CAD is trading better ahead of this morning’s Bank of Canada announcement at 8:00am CT.  The BoC is expected to leave interest rates at 0.25 percent. It should also reiterate its stance to leave rates historically low until at least July 2010.  This statement will be the key to the market’s movement today.  If they move up the date then the Canadian Dollar should rally. Following last week’s robust increase in the number of jobs created last month, the BoC is no lon...

  • USD Closes the Day on Mixed Note
    Daily Review 12/11/2009USD Dollar (USD) – Dollar closed the day on a mixed note after a low liquidity trading session amid U.S. bank holiday. U.S. stocks future print modest gains reaching fresh year highs, suggesting dollar bearish rally is not over. The NASDAQ rose by 0.7% and the S&P 500 gained 0.5%, The Dow Jones appreciated 0.43% closing at 10,291. Gold (XAU) reached a fresh historical high at 1118.60$ an ounce to close the day. Crude Oil also rose closing above 79$ a barrel. Today, T...

  • USD Consolidates its Uptrend
    Daily Review 23/12/2009USD Dollar (USD) – The Dollar consolidating its uptrend as it rose to the highest level in month across the board. The GDP in the U.S. for the 3Q came out 2.2% worse than expected 2.8%. An industry report showed Existing Home Sales climbed in November to 6.54M more than economists estimated at 6.25M. Stocks finished with gains in the U.S. The Nasdaq posted new highs for the year and the S&P 500 finished at the highest level in 14 months. The Dow Jones rose 0.46% and ...

  • USD Continued Upward Trend
    Daily Review 08/01/2010 USD Dollar (USD) – The Dollar continued the upward trend and strengthened versus all majors. Helping the Dollar’s rally was the initial jobless claims data that increased to 434,000, fewer than the 439,000 claims economists anticipated. Wall Street closed on a mix note. NASDAQ declined by 0.05% and Dow Jones rose by 0.31%. Crude oil declined for the first time in 11 days as the dollar advanced, dropping by 0.6%, closed at 82.66$ a barrel. Gold (XAU) also weakened by...

  • USD Declines Across the Board
    Daily Review 3/2/2010USD Dollar (USD) – The Dollar declined across the board rising only against the Australian Dollar. The fall of the American currency was moderated on a relative quiet day in the market. Pending Home Sales data came out 1% better then than the 0.4% expected. US markets rose for the second day in a row extending its recovery after last week sell off. The Dow Jones rose by 1.10% and the NASDAQ gained 0.87%. Crude oils rose almost by 3% closing near $77 a barrel. Gold (XAU) al...

  • USD Fell During Asian Session
    Daily Review 4/2/2010USD Dollar (USD) – The Dollar fell during the Asian session across the board but then recovered sharply and finished with important gains against major. Stocks lost ground in the US and fell moderately despite a better than expected data of The ADP Nonfarm Employment Change which came out -22K vs. -40K expected. Dow Jones lost 0.26% and NASDAQ managed to finish with a marginal increase of 0.04%. Crude oil jumped to 78$ level but failed to hold and fell back closing at 77....

  • USD Gains Versus 15 Majors
    Daily Review 16/12/2009USD Dollar (USD) – The Dollar gained versus 15 of the 16 majors as Industrial Production rose by 0.8% versus 0.6% expected signaling U.S economy is gaining. The FOMC is still expected to keep the Interest Rate at 0.25% but more economists expect a rate increase to 0.5% until June 2010. PPI came out stronger with 1.8% versus 0.8% expected and TIC Long Term Purchases came out weaker with 20.7B versus 38.3B prior. NASDAQ and Dow Jones declined by -0.50% and -0.47% respectiv...

  • USD JPY Tumbles as Return of Risk Aversion Rocks the Markets
    The USD JPY reversed its four day rally as traders sought safety in lower yielding assets following an announcement by President Obama to curb trading at financial institutions. The immediate reaction was to sell higher risk assets after Obama called for a reduction in the size and trading activities of financial institutions. The downside reversal in the USD JPY sets up a test of a major 50% price at 89.30.

  • USD Markets Finish Lower
    Daily Review 13/01/2010 USD Dollar (USD) – The Dollar posted mix results across the board. US Markets finished lower, stocks declined by the end of today’s trading session after the worst than expected fundamentals released from the U.S. economy. Trade balance deficit came out at -36.4B in the month of November, worst than expected -34.5B. The Dow Jones fell by 0.34% and NASDAQ lost 1.30%. Commodities also fell. The Crude oil tumbled but managed to close above 80$ a barrel. Gold (XAU) colla...

  • USD Reaches 14 Month Low
    Daily Review 09/10/2009USD Dollar (USD) – The Dollar reached a 14 month low against all majors after continuous signs of global recovery increase investors' appetite for risk. Adding to that was the U.S. Initial Jobless Claims that decreased to 10-Month Low of 521,000 and pushed the investors to higher yielding assets. NASDAQ and Dow Jones rose by 0.64% and 0.63% respectively. Crude oil jumped by 3%, closing at 71.69$ a barrel on the back of the Dollar's weakness and despite an increase in oil...

  • USD Reaches 3 Month High
    Daily Review 06/01/2010 USD Dollar (USD) – The Dollar strengthened versus most majors after Pending Home Sales fell more than forecast in November, dropping by 16% after a revised 3.7% in October. Factory orders in US rose in November to 1.1%, more than twice as much as anticipated, but this did not help stop the Dollar’s decrease. NASDAQ remained almost at -0.07% unchanged and Dow Jones declined by 0.11%. Crude oil continue to increase for the ninth day in a row, rising by 0.3% and closing ...

  • USD Reaches 3 Month High
    Daily Review 21/12/2009USD Dollar (USD) – The Dollar reached a new 3 month high versus the Euro on Friday, heading toward the biggest weekly gain since April. The rise in risk aversion pushed the Dollar higher. Wall Street managed to end with gains on Friday after spending most of the session on the negative side. Dow Jones rose by 0.2% and NASDAQ gained 1.45%. Crude Oil jumped in more than 2% after Iranian soldiers took control of an oil well in a disputed section of the Iran-Iraq border regi...

  • USD Rises Across the Board After an Unexpected Drop in New Home Sales
    Daily Review 29/10/2009USD Dollar (USD) – The Dollar rose across the board. A rise in risk aversion following an unexpectedly drop in New Home Sales sent stocks lower worldwide. The Dow Jones fell for the 4th consecutive session and ended at 9,763.The Standard & Poor’s 500 Index dropped 2% on concern a rally in equities this year outpaced the prospects for economic growth. New-home sales unexpectedly fell last month to an annual rate of 402K, from a revised 417K pace in August. Crude oil...

  • USD Traded on Flat Session
    Daily Review 29/12/2009USD Dollar (USD) – The Dollar traded slightly down on a flat session with low volume. Stocks in the U.S. moved away from intra-day highs but main indexes reached fresh 15-month highs. The Dow Jones rose 0.26% and the NASDAQ 0.24%. Gold (XAU) is recovering after finding support at $1,101 an ounce. Crude oil soars by 0.9% and tested levels above $79 a barrel, reaching the highest price in a month, before closing at 78.77$. Today, The CB Consumer Confidence is expected at 5...

  • USD Weakens as Stocks Gain
    Daily Review 16/11/2009USD Dollar (USD) – The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than -31.8B expected. Michigan's Consumer Sentiment came out worse than expected dragging the Euro and Pound lower, but stock market gains pumped risk appetite back up. NASDAQ and Dow Jones gained by 0.88% and 0.72% respectively as better earnings and company mergers led to gains. Crude declined by -0.77% closing at 76.35$ a barrel a...

  • USD strengthening − Will this continue?
    The shape of the top on the EUR/USD is unorthodox and not typical. However the move down at this point is strong and impulsive. The next few weeks should be volatile and provide longer term direction.

  • USD/JPY Ahead of Non−Farm Payrolls
    {image "USDJPY2-4-2010+4-42-56+PM_20100204224803.jpg"}USD/JPY Technical Analysis Ahead of Non-Farm Payrolls and UnemploymentUSD/JPY was offered today, after it came to light that many hedge funds and Asian accounts sold off their European government bond exposure. EUR/JPY sold off this morning with most saying that this added momentum to the big sell-off earlier today. Looks like stops were hit under .9000 whic