forex

Plan, Execute, and Then Go Do Something Else More Important Than Trading

It has been many years of writing articles, market commentaries, and trading advisory letters. I wanted to take this opportunity to thank you for your

Animal Spirits: Not So Good for Day Trading, or Investing for that Matter

Recently, my family and I got new puppy. He's been a great addition to our household (although plenty of work), but the cute little fellow ...

Types of Long Entries – Breakouts & Pullbacks

Have you ever heard the following expressions in trading? 1. Buy a dip 2. Buy high, sell higher Both of these are different ways for ...

A Year Long Journey, Lyndon is on His Way

Having a bird's eye view of many Online Trading Academy students' trading results, I can clearly see the difference between those who are successful and ...

Types of Entries: Short the Breakdown & Short the Rallies

Last week's article discussed two different long trade entries, the breakout entry, and the pullback entry also known as buying a dip. In this week's ...

Does Size Matter?

One of the big attractions to Futures trading for many people is the low start-up cost involved with funding their accounts to day trade. Unlike ...

The US Dollar Index

When I write the Online Trading Academy Forex newsletter, I give my opinion about what I believe is happening to the currencies of the world ...

Lower Volatility Should Lead to Lowered Expectations

As measured by the Volatility Index (VIX), the market's rate of change over the last seven months has fallen dramatically. The chart below shows the ...

Your Belief System is Your Trading Style

Last week, I profiled a year long journey of one of our students. I referenced a part of a piece I wrote a while back, ...

Pay Attention

I say those words often lately to Online Trading Academy students. It's not that I am asking them to pay attention to me, though I ...

Rule-Based Forex Trading - Mechanical Strategies

Recently, I had lunch with a fellow Forex trader that I met several years ago. During our conversation, I asked him how his trading was ...

A Day in the Life of a New Trader

In this newsletter, I'd like to share with readers a fantastic email I received from Jon, a student who attended an E-mini class I taught ...

Frequently Asked Questions

There are many questions that new and experienced traders have on a routine basis. Instead of going over two or three questions in lots of ...

Short Term Forex Trading Tips And Tricks

Successful short term Forex trading is the goal of many new traders who enter the Forex markets each year. For them, life begins and ends ...

Is it Time for a Checkup?

As many of you have noticed, the stock index Futures have had a drastic cut in volatility since their all-time high volatility in October. At ...

Confidence Hits Stocks, Buoys USD

6/30/2009 3:20 PM: EUR/$..1.4032 $/JPY..96.30 GBP/$..1.6455 $/CHF..1.0858 AUD/$..0.8061 $/CAD..1.1620 Confidence Hits Stocks, Buoys USD Safe-haven moves dictated movements in the foreign exchange market, with the ...

Dollar steady on lower US Consumer Confidence

The Canadian dollar fell against the U.S. currency on Tuesday as lower U.S. consumer confidence data for June dampened hopes for an early economic recovery, ...

Pound Hits 8-Month High Against Dollar on Improved Economic Data

The British currency, which was failing to climb versus its main rivals, the euro and the dollar, posted significant gains in the beginning of this week as improved economic ...

Hungarian Forint Climbs on Tax Cuts

The Hungarian forint, which suffered severe losses as its country plunged in one of the deepest recessions among the European Union member nations, reached a six-month high after the ...

Frequently Asked Questions

There are many questions that new and experienced traders have on a routine basis. Instead of going over two or three questions in lots of ...

Short Term Forex Trading Tips And Tricks

Successful short term Forex trading is the goal of many new traders who enter the Forex markets each year. For them, life begins and ends ...

Today's Forex Market Outlook

Cable seen a real buying option this morning as housing prices came out better than expected, touching highs of 1.6744 and 85.30 (from lows of ...

US Morning Briefing

Overnight News Asia: JGB’s rose for a second day after govt. reports signalled the recovery in the world’s second-largest economy is slow, boosting demand for ...

Cable Testing Multi-month Highs amid Broad Dollar Weakness

Asian Market Update: Equities Extend Gains, Shrugging Decline in Japan Employment Sector and Australia Credit Conditions; Cable Testing Multi-month Highs amid Broad Dollar Weakness - ...

Currency Currents

Key News • Sterling Crisis Looms as U.K. Unraveling Points to Punishing Spending Cuts   (Bloomberg) • European Consumer Prices Record First Annual Decline as Energy Costs Fall ...

Euro-Zone June Consumer Prices recorded its first annual decline

European market Update: Euro-Zone June Consumer Prices recorded its first annual decline; UK Q1 GDP revised lower to 50-year lows ECONOMIC DATA - (SZ) Swiss ...

USD lower as risk appetite improves, Asian stocks rise

FX Highlights USD is trading lower pressured by rising global equity markets and speculation that the global recession may be nearing an end, Deutsche Bank ...

Daily Market Report

Yesterday, the US dollar and the yen fell against the euro after business and consumer confidence rose causing risk appetite to improve. The Swedish krona ...

Adjustment and Rebuilding in the Financial Sector

Credit Cycle: Breakdown, Adjustment and Rebuilding in the Financial Sector “Growth takes place whenever a challenge evokes a successful response that, in turn, evokes a ...

London Gold Market Report

Gold Slips as Deflation Bites, But "Unlikely to Persist" as Central Banks Stay Too Loose, Too Long THE PRICE OF GOLD eased back from a ...

Mexico Watch

1. A Global Crisis that is Stabilizing 2. Mexico: Recession and Recovery Hand in Hand with External Factors The collapse in demand from the U.S. ...

Dollar Struggles to Remain Strong!

The dollar has started to weaken against the euro since early Asian session, with the pair finally breaking important 1.4130 at the time of writing ...

Dollar indecision over good news and bad

It appears that the single most common forex theme is that investors will unwind dollar demand as the need for safety evaporates as and when ...

Option traders say Broadcom bid for Emulex set to fail

ELX – Emulex Corp . - An interesting story has been developing at network gear-maker, Emulex in which the company is being courted by Broadcom ...

Today's Live Show: Can the New Quarter Bring a New Trend for the USD?

Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments, research, analysis, ideas, ...

Trading Currency - A Summary

Previous Currency Trading Session Summary The dollar started to weaken against the Euro from the early Asian session, with the pair finally breaking important USD1.4130.  ...

U.S. Forex Market Commentary

EURO The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4000 figure and was capped around ...

Case-Shiller Home Price Index: Home Price Declines are Moderating

Case-Shiller Home Price Index: Home Price Declines are Moderating The Case-Shiller Home Price Index, the 20-city composite index, fell 0.89% in April, the smallest monthly ...

Greenback Gains on Risk Aversion Amid Falling Stocks and Weak US Consumer Confidence

   EUR/USD - Greenback Gains on Risk Aversion Amid Falling Stocks The Euro-Dollar pair advanced to set a high near 1.4150 overnight, but then fell ...

FX Levels for Today. July 1, 2009

Overview Alot of data out tonight on both sides of the Atlantic. Not sure which way it's headed, but given that the USD strengthened yesterday, ...

Comprehensive FX and Futures Daily Research

Daily Market Commentary EUR/USD Climbs after Better than Expected Unemployment Change The EUR/USD is knocking on the door of our 3rd tier uptrend line after ...

Chart of the Day – USD/CAD

(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; ...

U.S. Update: Fear returns to markets

What happened in Asia Risk appetite extended during early Asia, sending Europeans up above past weeks range: Euro spent the session above the 1.4100 while ...

USD rebounds as US consumer confidence falls

USD: Higher, risk appetite takes a 360 degree turn as consumer confidence falls and equities trade lower JPY : Lower, unemployment rises to 5 1/2 ...

U.S. Forex Market Commentary

EURO The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4000 figure and was capped around ...

New York Session

The NY session was characterized by month-end mayhem and the moves ultimately proved to be US dollar positive. Equities dropped -0.9% as consumer confidence in ...

Market Rallies with ‘Risk On'

Market Rallies with ‘Risk On’ U.S. Dollar Trading (USD) a bounce in US stocks as investors snapped up those beaten down last week. Commodities and ...

Currency Majors Technical Perspective

EUR/USD Current price: 1.4043 After falling back to the 1.4000 zone, pair is consolidating inside a small triangle, suggesting a probable downside continuation in breaks ...

Market Rallies with ‘Risk On'

Market Rallies with ‘Risk On’ U.S. Dollar Trading (USD) a bounce in US stocks as investors snapped up those beaten down last week. Commodities and ...

The Daily Forecaster

Please read the attached PDF file to ensure that you receive the full analysis... Bias:             The downside should be limited to 0.7982-00 today ...

Currency Majors Technical Analysis

European Session EUR/USD - Euro Dollar 1,4039. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between ...

Consumer Confidence

This Data Point largely measures the Sentiment of The U.S. Economy, Consumer Spending, and Employment, and is released on the Final Tuesday of each Month ...

Is it Time for a Checkup?

As many of you have noticed, the stock index Futures have had a drastic cut in volatility since their all-time high volatility in October. At ...

Risk appetite creeps back into markets

The Yen slipped across the board on monday due to higher oil price, gains in share prices and a better-than-expected sentiment in the euro-zone which ...

Asian Session: Chinese manufacturing data encourages while Japanese jobless data inline with expectations.

G10 Advancers and Decliners vs USDGBP0.8067JPY0.3962CHF0.3478EUR0.2117The Bank of China Gov. Zhou Xiaochuan said yesterday that the economy accelerated in the second quarter and that he ...

US Session: Weak Economic Data in US and UK Hamper Green Shoots Theory Leading to Dollar Strength

G10 Advancers and Decliners vs USDJPY-0.28 CHF-0.35 EUR-0.36 GBP-0.66 The dollar appreciated against most of the G10 following a series of worst than expected economic ...

Forex Options Weekly Forecast

Forex options markets show that professional traders remain remarkably indecisive, and the lack of clear-cut sentiment on the US Dollar makes it difficult... ...

Euro Crosses Find Support

The EURGBP, EURAUD, and EURNZD appear to be forming bullish bases. Reward/risk is heavily skewed in favor of bulls. ...

USDCAD Break to New High May be Temporary

The USDCAD rally from 1.1507 is considered wave 5 within a 5 wave rally from 1.0782. The pair is breaking higher from a triangle (wave ...

DailyFX Trend Report

The DFX Trend Index ranges from -100 to +100 and is updated everyday at 5 pm eastern US time. The numbers correspond to specific trend ...

US Dollar, Japanese Yen Gain as Drop in US Consumer Confidence Hurts Investor Sentiment

•US Dollar, Japanese Yen Gain as Drop in US Consumer Confidence Hurts Investor Sentiment •Euro, British Pound Lag as Data Indicates Economies Far From... ...

Japan's Capital Expenditures Plummet Most in Nearly 10 Years in Q2

Japan's Capital Expenditures for all industries plummeted more than expected, -9.4% vs -6.9% in the second quarter of 2009, leaving those who had a sense... ...

Dollar Momentum Jumps on China Manufacturing Data

The U.S. Dollar rallied after a report showed that China's PMI Manufacturing rose for a fourth straight month in June to 53.2 vs 53.1. Against ...

Australia Retail Sales Double Expectations, Rise 1.0% on Government Stimulus

Australia's May Retail Sales grew by 1.0%, doubling economist forecasts of only a 0.5% increase in the figure after the government's stimulus efforts put... ...

Overnight Interest Rate Update 07.01.09

Current Yesterday USD 0.27750 0.26375 GBP 0.55250 0.55000 EUR 0.30875 0.28938 JPY 0.13000 0.13125 CHF 0.09833 0.10667 AUD 3.12500 3.14500 CAD 0.21000 0.18667 NZD 2.45000 ...

Post of the Day: Multiple Lot Range Trading Strategy

Student’s Question: In the Range Trading Webinar, a multiple lot strategy is mentioned where one lot can be closed to lock in profit while the ...

Euro Vulnerable as German Retail Sales Stall, Bolstering Case for ECB Rate Cut (Euro Open)

The Euro may see selling pressure emerge in the forthcoming session as German Retail Sales come to a standstill in May, with the prospect of ...

Short-Term Forex Technical Outlook: GBP/CHF

The GBP/CHF continued to retrace the advance from the previous week, and pulled back from the yearly high to hold a narrow range over the ...

Spot Gold Prices

Spot gold prices moved in tandem with the US Dollar yesterday, moving lower in early trading as the Dollar strengthened but then recovering as the ...

Spot Silver Price

Like gold, spot silver prices moved along with the US Dollar but slipped more than gold as a result of technical factors as sell stops ...

GBPJPY broke out of the 1 hr triangle formation to the upside

Today's report GBPJPY Daily We are in an uptrend at an angle of 24 degrees. 156.07 is 38.2% retracement of the downward move. The previous ...

Major Pairs: Oversold / Overbought Does it for the Moment

Much of the fundamental observations in the last months did not bring home the bacon. It was quite enough to follow pure technical considerations, like ...

Daily Oil Prices

Yesterday's sharp rally in crude oil prices has been attributed to a variety of factors not least of which was a further bout of Dollar ...

US Dollar Index - Daily Chart

Yesterday's candle on the daily dollar index chart confirmed once again that the dollar is perched in a precarious position against many of the world's ...

EUR/USD Fundamental News

After a very quiet start to the trading week on Monday for fundamental news on the economic calendar Tuesday kicked off in earnest with a ...

EUR/USD - Daily Chart

Today's deflationary fundamental news on the economic calendar for the Eurozone will pose a significant problem for the ECB and their interest rate decision on ...

USD to CAD - Daily Chart

The usd to cad pair is currently finding it hard work to break through the 1.16 price region and for the sixth day in a ...

USD to JPY Daily Chart

The yen to dollar currency pair never fails to exasperate and bore in equal measures and yesterday's candle came completely out of the blue ending ...

EURGBP Attempts At Higher Prices

HIGHLIGHTS: EURGBP: Attempts At Higher Prices Continue To Fail Ahead Of The 1.4177 Level - Although the pair remains biased to the upside in the ...

GBP/USD - Daily Chart

Yesterday's doji candle on the pounds to dollars chart continued to reinforce the triangle pattern which is now extremely well defined and converging in an ...

Risk Appetite Falls as US Consumer Sentiment Declines

Risk Appetite Falls as US Consumer Sentiment Declines The dollar reversed overnight losses and gained against its counterparts on Tuesday after US consumer sentiment unexpectedly ...

Daily Forex Signal

Hello all, We have a buy ZLC on the USD/CAD 4 hour time frame. Regarding the FIFO ruling and it's application by various brokers: 1. ...

Mixed European Markets, GBP under pressure on UK GDP collapse

FXstreet.com (Barcelona) - European markets have turned mixed after opening higher in today's session as GDP collapse could ease the previous confidence on economic recovery. ...

Forex: GBP/USD falls below to 1.6600

FXstreet.com (Barcelona) - The Pound has fallen further after the UK 1Q GDP worst than expected data and the pair has drop to levels below ...

Forex: EUR/USD rises to 1.4145

FXstreet.com (Córdoba) – Dollar fell in the last hour against the Euro. EUR/USD is now back above 1.4100 and rose to 1.4145, which is a ...

Canada Apr GDP drops 0.1%

FXstreet.com (Barcelona) For more information, read our latest forex news. ...

Canadian IPP down 1.1% in May

FXstreet.com (Barcelona) For more information, read our latest forex news. ...

Forex: USD/CAD tests 1.1540 after April Canadian GDP data

FXstreet.com (Barcelona) - The Dollar's decline against the Canadian from 1.1601 yesterday's high has tested 1.1510 support in the last hours. Pullback from this level ...

US Apr S&P/Case-Shiller Home Price Indices down 18.1%

FXstreet.com (Barcelona) For more information, read our latest forex news. ...

Forex: USD/JPY tests 96.30

FXstreet.com (Córdoba) – Dollar is rising strong across the board. USD/JPY is now testing intra-day high at 96.30. The pair has accumulated an increase of ...

Forex: GBP/USD falls further to test 1.6520

FXstreet.com (Barcelona) - The GBP/USD rejection from 1.6745 has continued during the European session, and the pair has fallen around 225 pips to break 1.6580 ...

Forex: EUR/USD collapses to trade below 1.4100 on economic concerns

FXstreet.com (Barcelona) - The Euro has fallen quickly against the Greenback in the last hour with losses of 90 pips from 1.4147 to post 1.4060 ...

Forex: USD/CHF breaks 1.0830 and rises toward 1.0850

FXstreet.com (Barcelona) - After testing 1.0800 level, USD/CHF has risen to break 1.0830 and post 1.0850 as fresh intra-day high. Currently the pair is trading ...

US Consumer Confidence declines to 49.3 in Jun

FXstreet.com (Barcelona) For more information, read our latest forex news. ...

Forex: EUR/USD falls further to test 1.4050

FXstreet.com (Barcelona) - The EUR/USD's decline from 1.4147 has continued further after the US opening session and the pair has broken 1.4060 to trade below ...

Pound collapses: GBP/USD plunges below 1.6500

FXstreet.com (Córdoba) – Dollar continues with strength in the market. GBP/USD is falling sharp and fast. The pair dropped below 1.6520 and fell to 1.6426 ...

Wall Street down; Dollar fueled by consumer confidence weak data

Fxstreet.com (Barcelona) - Dollar has been fueled by the surprisingly decline in US Consumer Confidence today's data and the Greenback is rising further against its ...

Forex: USD/JPY rises above 96.30 to 96.47

FXstreet.com (Córdoba) – Dollar is extending gains across the board. Against the Yen has climbed above 96.30 rising to a fresh intra-day high at 96.47. ...

Euro decline continues: EUR/USD falls to 1.4000

FXstreet.com (Córdoba) – Dollar gains momentum across the board. EUR/USD fell to 1.3999 reaching a fresh intra-day low. The pair has fallen 80 pips since ...

Forex: AUD/USD fails to break above 0.8150; fells to 0.8040

FXstreet.com (Córdoba) – The Australian Dollar lost previous gains against Greenback and now is down 0.20% from the opening price. AUD/USD found support at 0.8040 ...

Forex: EUR/USD tests 1.4050 after falling to 1.4000

FXstreet.com (Córdoba) – U.S. markets are falling strong but the downside rally has stopped for the moment. The Dollar rally also eased and EUR/USD is ...

Forex: GBP/USD recovery tops at 1.6480

FXstreet.com (Córdoba) – The Dollar is keeping its gains against European currencies. GBP/USD currently is at 1.6455/60 which is 0.55% below today’s opening price. The ...

Forex: EUR/USD falls 0.35% so far today

FXstreet.com (Córdoba) – U.S. markets lost ground today and ended near the lows of the day. EUR/USD has been steady in the last hours moving ...

Dollar steady near day highs; up for the day

FXstreet.com (Córdoba) – Dollar rose today on weak economic news. Greenback rallied during the European session and extended gains in the American. But in the ...

USD back in ranges

FXstreet.com (Buenos Aires) - Greenback enter the Asian session back inside past days range against major rivals, after falling to 1.4153 against Euro, and ...

EUR/USD Current price: 1.4043

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4043. After falling back to the 1.4000 zone, pair is consolidating inside a small triangle, suggesting a probable ...

Sterling’s downside seems limited

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.6477. Downside seems limited in the pair, as indicators reach over sold conditions in the hourly.“With indicators ...

Yen forming small continuation flag

FXstreet.com (Buenos Aires) – USD/JPY Current Price 96.25. Pair is forming a small continuation flag in the hourly, with bigger time frames supporting further rises ...

XLF at a Crossroads

From a technical perspective, my eyes are focused on the Financial Select Sector SPDR (NYSE: XLF), which we notice is attempting to hurdle both the ...

NZD fell from 0.6550 to 0.6440, and the AUD/NZD cross rallied to a 1.2520 high

News and views Investors shrugged off slightly improved US home price data and the Chicago PMI to focus on the disappointing consumer confidence report. Near ...

Down Day Muted by Late Rally

The indices started out with a steep sell-off particularly after the economic news came out weaker than expected. The Nasdaq 100 (NDX) and S&P 500 ...

The US dollar rose today following a lower-than-forecast drop in US home prices

The US dollar rose today following a lower-than-forecast drop in US home prices and lower consumer confidence data. The Case Shiller home price report, an ...

Risk-Averse Traders Seek Safe-Haven of Dollar

Dollar Index (DXU9): The Dollar opened lower at 79.81, but rose sharply after a weaker than expected Consumer Confidence report sent equity markets tumbling and ...

EUR/USD: (1.4034) Above Triangle pattern, but at apex (see graph)

Daily Long Term Moving Average↑ (1.3956 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex (see graph). ...

Facing the New NFA Regulation

On July 31st, 2009 new NFA rules come into effect involving some important changes in the Forex industry. The main measures include hedging prohibition, stop ...

U.S. Forex Market Commentary

EURO The euro extended recent gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4100 figure and was supported ...

Let's Be Objective about the Increase in the Fed's Balance Sheet

Let’s Be Objective about the Increase in the Fed’s Balance Sheet In recent weeks two prominent economic commentators – Arthur Laffer and Alan Greenspan – ...

Greenback and Yen Slide as Equities and Commodity Prices Rise

   EUR/JPY - Euro Breaks Last Week's Resistance vs Yen The Yen came under pressure today, as stocks rose in Europe and the US. Oil ...

Commodities And Stocks Rally, Risk Appetite Returns To Pre-crisis Level?

Crude oil makes a new 8-month high and surges to as high as 73.38 in Asia morning as renewed geopolitical tensions in Nigeria and statement ...

Video: European Morning Briefing

A snapshot of the 29th June Morning Briefing covering Stocks, Bonds, FX etc. ...

Daily Forex Overview

Previous session overview The yen gained moderately against the dollar and euro in Tokyo Tuesday as Japanese players bought the currency for month-end settlement and ...

U.S. Forex Market Commentary

EURO The euro extended recent gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4100 figure and was supported ...

New York Session

The NY session saw some classic directionless trading on the back of the upcoming holiday in the United States. Equities were better bid and broadly ...

Dow Jones Indus, downside pattern not complete....

The Dow Jones Industrial Average is bouncing from last week’s test of the mid May lows near 8200/50, and after the fall from the June ...

Daily Market Outlook

Market Review - 29/06/2009 21:20 All times in GMT    U.S. Dollar and Japanese yen fall broadly as risk appetite returns Thegreenback and Japanese yen ...

Currency Majors Technical Perspective

EUR/USD Current price: 1.4117 Nikkei opened 1.1% up following U.S. stocks, and Euro break above 1.4100 triggering some stops in the way. Hourly charts indicators ...

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 ...

EUR/USD Daily Outlook

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD : +1.4130+ Last Update At 30 Jun 2009 02:47 GMT Although euro extended its o/n gain in NY ...

The Daily Forecaster

Please read the attached PDF file to ensure that you receive the full analysis... Bias:             I suspect we'll see losses today towards 1.6277-1.6313 ...

USD/JPY Daily Outlook

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY EUR/USD : 95.91 Last Update At 30 Jun 2009 04:01 GMT Despite y'day's strg rebound fm 95.16, intra-day retreat ...

30/6/2009 - The Current Market Sentiment

The US equities market could contain the currencies market sentiment again pushing the greenback down across the broad with improving of the investors' risk apitite ...

EUR/USD: (1.4104) Above Triangle pattern, but at apex (see graph)

Daily Long Term Moving Average↑ (1.39551 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex (see graph). ...

US Session: Dollar Strengthens on China’s Central Bank’s Comment, Easing Concerns on the Dollar Reserve Status

G10 Advancers and Decliners vs USDSEK1.57NZD0.78CAD-0.43 JPY-0.85 The dollar traded in the positive territory against most majors after China’s central bank Governor Zhou Xiaochuan ruled ...

Forecasting Forex with COT Data

COT data suggests that the US dollar is closer to bottoming than topping although a bottom may not form for another several weeks. ...

EURCAD Just Below Trendline Resistance

The EURCAD rally from the June low at 1.5342 has brought the pair to a resistance line that is drawn off of the 12/30/08 and ...

DailyFX Trend Report

About the DFX Trend Index The DFX Trend Index ranges from -100 to +100 and is updated everyday at 5 pm eastern US time. The ...

Japan Jobless Rate Jumps to Highest in Six Years

Japan's Jobless Rate jumped to the highest level in nearly six years as the economy continues to dwindle into recession. The 5.2% jobless rate in ...

RBNZ Less Concerned With Inflation 'Just Now,' Statement Says

Reserve Bank of New Zealand thinks that inflation is of less concern "just now." In its monthly Statement of Intent published today, the bank said ...

UK Gross Domestic Product - Economic Data Preview

The final revision of UK Gross Domestic Product is expected to reveal the economy shrank -2.1% through the first quarter, a greater contraction than the... ...

German Unemployment Rate - Economic Data Preview

Germany's labor market is expected to deteriorate in June, with expectations calling for the Euro Zone’s largest economy to shed 45k jobs to push the ...

Australian Lending to Private Sector Unexpectedly Fell in May

Australia’s Private Sector Credit unexpectedly shrank in May, falling -0.1% versus forecasts of a 0.2% expansion. The annual pace of credit growth fell... ...

Euro, British Pound Gains Threatened with Key GDP, CPI Data on Tap (Euro Open)

The Euro and the British Pound may reverse recent gains as UK first-quarter GDP is revised lower while Euro Zone CPI slips into negative territory, ...

Overnight Interest Rate Update 06.30.09

Current Yesterday USD 0.26375 0.26500 GBP 0.55000 0.55000 EUR 0.28938 0.31000 JPY 0.13125 0.13250 CHF 0.10667 0.11333 AUD 3.14500 3.14500 CAD 0.18667 0.18833 NZD 2.50000 ...

Post of the Day: The Two Day Stop

Student’s Question: When I hear about strategies for placing a stop, I have come across something called the “Two Day Low Stop”. Would you provide ...

Forex Market Update: GBP/USD Rally Stalls Ahead of Yearly High

Cable stalled just under the year's high, after the rise in Asian trading which saw sterling traded to 1.6660, and just under the high this ...

Short-Term Forex Technical Outlook: EUR/CHF

Intervention in the currency market by the Swiss Nation Bank push the EUR/CHF to a three-month high during the previous week, and the pair may ...

U.K. Home Prices Unexpectedly Rise in June, GBP/USD Advances (Update)

U.K. house prices rose 0.9% m/m in June, another surprising rise after May's 1.3% increase (revised from 1.2%) and compared to our survey median estimate... ...

German Unemployment Hits 2-Year High in June, Euro Holds Steady

German June jobless numbers rose 31K over the month, bringing the jobless rate to 8.3%. The rise over the month was slightly weaker than our ...

Technical Over View

 GBPUSD The pair of currency is heading now up to its upper side boundary for the non trending rectangle at 1.6621. The break of this ...

USD and JPY Lower on Improved Risk Sentiment

USD and JPY Lower on Improved Risk Sentiment The dollar reversed most of its overnight gains as risk appetite rose. Eurozone economic sentiment climbed for ...

Index Recommended Levels

Dow Jones : Resistance(daily close) : 9382.12 , 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 ...

GBPUSD within a ‘windrow dressing' format

1 minute with ForexSurvivor       (30 June Europe) Latest Impact: GBPUSD within a ‘windrow dressing’ format                   Today is the day where ...

Forex: GPB/USD fails to break above 1.6580, returns to 1.6555

FXstreet.com (Córdoba) – Dollar weakness against European currencies eased in the last hour. Greenback was able to pullback from intra-day lows against CHF, EUR and ...

Forex: USD/JPY stays above 96.00

FXstreet.com (Córdoba) – U.S. markets ended the day with moderate gains. The Dow Jones rose more than 1% to 8,530. The Dollar fell to European ...

Dow Jones Indus, downside pattern not complete

FXstreet.com (Barcelona) - The Dow Jones Industrial Average is bouncing from last week’s test of the mid May lows near 8200/50, and after the fall ...

USD down despite BIS warnings

FXstreet.com (Buenos Aires) - Optimism and risk appetite continue in early Asia, with Dollar and Yen down across the board, despite the BIS warned early ...

EUR/USD Current price: 1.4117

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4117. Nikkei opened 1.1% up following U.S. stocks, and Euro break above 1.4100 triggering some stops in the ...

Sterling ready to break 1.62/1.66

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.6590. Again pushing trough the 1.6600 zone, pair seems ready to break past weeks range of 1.62/1.66. ...

Yen pushed to the downside

FXstreet.com (Buenos Aires) – USD/JPY Current Price 96.17. Rising optimism is pushing Japanese yen to the downside, technically supported by the break of a descendant ...

Choppy Up-Session

The stock market indices started off the week with another gain, but it was choppy. The day started out moving lower, but the indices held ...

Currency Majors Technical Analysis

European Session EUR/USD - Euro Dollar 1,4104. EUR USD is in a range between 1,3990 and 1,4130. The volatility is low. ForexTrend 1H, daily (Mataf ...

Energy options strangle play delivers gains the goods for investor

XLE – Energy Select Sector SPDR – Shares of the energy fund are higher by about 1% to $48.35. We observed one energetic option investor ...

Upside Projected for Gold Miners ETF

All of the hourly action off of Friday’s recovery high at 40.60 into this morning’s low at 38.85 in the Market Vectors Gold Miners ETF ...

AUD followed the broader dollar move and rose from 0.7985 to 0.8095

News and views US data had a weak tone, Chicago Fed activity weaker than previous, and Dallas Fed manufacturing weaker than market expectations. Despite this, ...

Dollar 'Higher' as Pressure From China Subsides

Dollar Index (DXU9): The DX opened higher at 80.145 after China ruled out any 'sudden-changes' in its foreign reserves policy, reducing pressure to divest itself ...

Daily Currency Outlook

EUR/USD Commentary and Trade Ideas Last Thursday Chinese officials were talking about a "super sovereign" currency delinked from the economy of the issuer. This morning, ...

China is providing the fireworks!

When you think of Independence Day you think of fireworks. And we all know fireworks were invented by the Chinese. So leave it to the ...

From economic green shoots to policy daisies…

The list of signs of stabilization grows by the day, today with June Eurozone economic confidence. It is still too short, however, to lead the ...

Dollar in Limbo amid Uncertain Directional Bias

With each passing day that the USD fails to rally, a dollar bearish outcome to the recent consolidation becomes more probable. Trend defining levels are ...

UK Nationwide HPI rises 0.9% in Jun, -9.3% YoY

FXstreet.com (Barcelona) For more information, read our latest forex news. ...

Switzerland May UBS Consumption Indicator down to 0.77 from 0.91

FXstreet.com (Barcelona) For more information, read our latest forex news. ...

Daily Technical Outlook

EURUSD Upside is under renewed pressure due to yesterday's 120 points rebound to as high as 1.4130 on today's Asian session. The euro holds steady ...

Asia Session

Risk appetite came screaming back into the markets today as higher stocks and surging crude oil prices punished the Dollar and the Yen as the ...

Recent Recommended Trades

********************************************************* Update Time:     29 Jun 2009 17:15GMT DAILY AUD/JPY CROSS OUTLOOK - +77.67+ A$'s rebound fm 76.16 suggests pullback fm 77. 46 has possibly ...

EUR: Attempt longs at 1.4100, adding to 1.4000

EUR Comment: Rallying slowly from retracement support and looking set to move a little higher again today. Only a weekly close above 1.4200 will really ...

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

EURUSD   EURUSD held our hourly level precisely before moving up as suggested and closed @ 14080 which was above the open but was within prior ...

Asian markets advances on commodities and oil; Dollar under pressure

FXstreet.com (Barcelona) - Stocks in Asia are rising today's Tuesday session on commodities and oil higher, extending its record quaterly gains and Wall Street ...

Fannie Mae's seriously delinquent mortgages 3.42% vs 1.22% year ago on total $789B portfolio

Quote: ‘Words have a sort of extravagant complexity and that is the basis of poetry.’ Griff Rhys Jones (1953-) The News: Fannie Mae’s seriously delinquent ...

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

USDCHF   USDCHF held precisely the level we suggested ,moved lower and closed @ 10825 which was marginally below the open.  The Hourly Oscillators are bearish ...

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

EURJPY   EURJPY moved higher and closed @ 13530 which was above the open.  The Hourly Oscillators are mixed and price is above the MA, so ...

Forex: GBP/USD climbs 1.00% today to reach 1.6745 as 8-month high

FXstreet.com (Barcelona) - GBP/USD has risen 100 pips in the last hour from 1.6640 to climb and post 1.6745 as fresh 8-month high. Cable has ...

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 ...

Fores: EUR/USD posts 1.4152 as 3-week high

FXstreet.com (Barcelona) - After trading in a small range between 1.4100 and 1.4130, EUR/USD has finally broken up the zone to post 1.4152 as fresh ...

Forex: USD/JPY falls below 95.60 support

FXstreet.com (Barcelona) - The Yen appreciation against the Greenback has driven the USD/JPY to test the 95.60 support level, after falling 70 pips from yesterday ...

We expect a 50bp rate cut from the Romanian central bank

Review At a seminar in Sweden yesterday, Mr Kenneth Rogoff , Harvard professor in economics and former Economic Counsellor and Director at the Research Department ...

Forex Market Outlook on Majors

INTRA-DAY EUR/USD: Last Update At 30 Jun 2009 06:10 GMT Rate :  1.4127 Intra-day in cable shud support price here n a breach of last ...

GBP/USD

GBP/USD Cable finally has broke higher. The break of 1.6665 has taken this to the next level of 1.6720. Here this should halt a little ...

Banks deposit excess liquidity at the ECB

Markets: Fixed Income On Monday, global bonds ignored the better sentiment on the equity markets and moved again higher, albeit in very thin trading conditions. ...

Weekly Technical Commentary

USD/JPY Chart Levels: Support 95.00..94.00..93.55..92.75. Resistance 96.58..97.25..98.58..98.90 Somewhat to our surprise the potential ‘head-and-shoulders’ in which this pair has been trading since March is still ...

EURUSD

EURUSD did jump above resistance line at 1.4111, trend is positive now. Bulls needs to keep candles above resistance, otherwise bears will enter into the ...

A 20-Year Bear Market?

Long time readers know that I am a huge fan of the work of Neil Howe. His book, The Fourth Turning, was one of the ...

FX major cross rates remain within the established ranges

On Monday, EUR/USD again mostly tracked the price action on the stock markets. European stocks opened in negative territory but investor sentiment improved later in ...
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