forex

Potential Slowdown In China Growth Pressured Commodities

Crude oil price plunged -3.8% to settle at 69.96 Monday amid worries that credit tightening in China would dampen demand outlook. Stock markets also declined

Majors gained against the dollar

The euro and the pound gained against the green currency in today's Asian session after technical movements yesterday gave back momentum to the high yielding ...

Asian Session News Summary II

Thailand CPI Monthly consumer prices in Thailand gained 0.4% in August compared with 0.0% in July, while it was forecasted to gain 0.2%. Consumer prices ...

Economic Indicators Review

Canada – In June, Canadian retail sales rose 1.0%, outdoing expectations of a 0.2% increase and constituting a fifth advance in six months. The automotive ...

Estonian retail sales and industrial production for July were published

Review Yesterday, Estonian retail sales and industrial production for July were published. July industrial production fell 27.8% y/y, more than we had expected although the ...

The RBA kept interest rates at 3.00%

The Reserve Bank of Australia kept interest rates steady at 3.00% for the fifth consecutive month to remain at the lowest level in half a ...

After a Positive Start Risky Assets Lose their Luster

Equity markets have been bouncing around and sending risk correlated fx trades with them. Asian had a mildly positive day, but European indexes have failed ...

Australia Keeps Rates on Hold, Says Loose Monetary Policy "Appropriate" (Euro Open)

The Australian Dollar fell as the Reserve Bank of Australia kept interest rates on hold at 3% and said that accommodative monetary policy remains “appropriate”,... ...

Australia Keeps Rates on Hold, Says Loose Monetary Policy ''Appropriate'' (Euro Open)

The Australian Dollar fell as the Reserve Bank of Australia kept interest rates on hold at 3% and said that accommodative monetary policy remains “appropriate”,... ...

Forex Market Outlook on Minors/Crosses

I NTRADAY TRADING SIGNAL BY ACETRADER.COM : AUD/USD : 0.8438 Last Update At 01 Sep 2009 02:17 GMT Although aussie has retreated after y'day's strg ...

Recent Recommended Trades

****************************************************** Update Time:     31 Aug 2009 14:59GMT EUROPEAN CLOSING USD/JPY OUTLOOK - 92.75 Despite intra-day selloff fm 93.32, below 92.54 (Asia) is needed to ...

Yen fighting to regain 93.00

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 92.99. Pair bias remains bearish, as lower lows are accomplished day after day. Now fighting to regain 93.00, ...

Swiss 2Q GDP falls 0.3% QoQ and 2% YoY

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

Canadian Dollar Declines Sharply on Oil Faltering Demand

The Canadian dollar started this week losing versus most of the 16 main traded currencies as a negative performance in stocks and commodities influenced the loonie’s attractiveness today, as investors opted for the safety of the greenback.(...)Read the ...

Hungarian Forint Declines on Asian Bearish Markets

The Hungarian currency declined together following most of Eastern European countries currencies, as a negative performance in Asian stock markets declined attractiveness for riskier assets, spurring demand for safety in dollar and yen priced ...

EURCHF Range will Come Under Pressure this Week

Congestion for EURCHF is more a product of natural fundamental ties rather than even-handed market forces or frequented technical levels. Switzerland’s... ...

Why Didn't the Strong Sell Off in Stocks Translate Directly into Currencies? (Forex Video)

Excess event risk supplies volatility; but a clear direction on risk appetite has prevented the development of a market-wide for currencies. ...

Australian Manufacturing Expands for First Time in 14 Months

Australia’s AiG Performance of Manufacturing Index rose to 51.7 in August, showing the sector expanded for the first time in 14 months. Still, AiG chief... ...

Australia's Current Account Deficit Widens as Exports Tumble in Q2

Australia’s Current Account Balance deficit widened more than economists expected in the second quarter, revealing a shortfall of –A$13.4 billion, shaving... ...

Swiss Economy Likely Shrank for Fourth Straight Quarter in Q2

Switzerland’s Gross Domestic Product is expected to shrink 1% in the three months to June, marking the fourth consecutive quarter in negative territory... ...

Better Chicago PMI Report Stabilizes Currencies

Foreign currency futures opened lower following a decline in China’s Shanghai Index that triggered a flight to safety rally. Traders were looking for less risk ...

U.S Session News Summary

US Stock Market The first day of this economical week witnessed severe pessimism in markets as investor’s worries mounted up regarding the future economical outlook ...

Forex: EUR/USD rebounds at 1.4315 and rises above 1.4330

FXstreet.com (Córdoba) – The Dollar’s recovery against the Euro, after falling sharply following the opening bell at Wall Street, found support at 1.4315. EUR/USD rebounded ...

Forex: USD/CAD fails to hold above 1.1000

FXstreet.com (Córdoba) – The Canadian Dollar is recovering against the Dollar. USD/CAD is back below 1.1000 after Greenback failed to hold above the zone. The ...

U.S. Forex Market Commentary

EURO The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4365 level and was supported around ...

U.S. Forex Market Commentary

EURO The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4365 level and was supported around ...

New York Session

Month-end mayhem continued to dominate the NY trading price action in a session where inter-market correlations broke down. US equities dropped nearly -1% on the ...

The Business Cycle Troughs of 1991 and 2001

The Business Cycle Troughs of 1991 and 2001 The National Bureau of Economic Research (NBER), the arbiter of business cycles, officially announced the trough of ...

Wall Street ends in negative; Dollar joined U.S. markets and fell during the American session

FXstreet.com (Córdoba) – Markets in the US finished Monday with losses. The Dow Jones industrial Average lost 0.50% and the Nasdaq 0.95%. Both indexes ended ...

Risk Aversion Overnight from Plunging Chinese Stocks Reversed Somewhat in NY Trading

   AUD/JPY - Carry Trade Slides on Plunge in Chinese Stocks We begin with the Aussie-Yen pair to show the increase in risk aversion to ...

Forex: GBP/JPY rebounds at 150.00

FXstreet.com (Córdoba) – Cable fell on Monday against the Yen. GBP/JPY fell to 150.00 during the Asian session reaching the lowest price since July 13. ...

Dollar likely to extend loses in Asia

FXstreet.com (Buenos Aires) - Early Asia opening, dollar remains under pressure quoting under New York closing levels against major rivals. Technically looking for some downside ...

USD/JPY Daily Outlook

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 92.92 Last Update At 31 Aug 2009 22:45 GMT Current price action suggests further choppy trading inside ...

Currency Majors Technical Perspective

EUR/USD Current price: 1.4335 With Japan opening, Nikkei 225 opens down 0.4%, and pair remains around New York close level, consolidating above 1.4300 and slightly ...

Yen Gains on Historic Election

Yen Gains on Historic Election The dollar traded mixed on Monday as risk aversion rose. London trading was closed for a bank holiday, reducing trade ...

Japanese Government Change, Yen Strong

Japanese Government Change, Yen Strong U.S. Dollar Trading (USD) managed small gains into the weekend although lost more ground against the Yen as traders bet ...

Trade of the Day

The Eur/Usd move 88 pips from market open at 9:00 am until it's peak at 1:00 pm est time. That is not that big of ...

EUR/USD Current Price: 1.4335

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4335. With Japan opening, Nikkei 225 opens down 0.4%, and pair remains around New York close level, ...

Support, Resistance and Range Forecast

INTRA-DAY USD/JPY: Last Update At 01 Sep 2009 01:10 GMT Range Forecast +92.85 / 93.25+ Resistance/Support R: 93.32/93.52/93.67 S: 92.69/92.54/92.37 ------------------------------------------------- INTRA-DAY EUR/USD: Last Update ...

Asian Session News Summary

Inclining PMI manufacturing in China PMI manufacturing in China inclined in August indicating more improvements in the nation's manufacturing sector. PMI manufacturing inclined to reach ...

Sterling remains under 1.6300

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6285. Not much change since last update, pair remains under 1.6300 after failing to regain the level. ...

PMI manufacturing in China improved

PMI manufacturing in China inclined for the sixth consecutive month in August indicating a continuous improvement in the nation's manufacturing sector. The Chinese industrial output ...

Daily Market Outlook

  Market Review - 31/08/2009 19:42      All times in GMT   Japanese yen rallies due to decline in global stock markets The Japanese yen ...

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 ...

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 ...

Croatia: 2Q GDP contracted by 6.3% y/y

According to the flash estimate, GDP shrank by 6.3% y/y in 2Q, hence slightly exceeding our expectation, which was in the 5.5-6% range, but overall ...

Cable fails to confirms levels on top of 1.6300 and falls below 1.6260

FXstreet.com (Córdoba) – Cable is losing part of earlier gains across the board. GBP/USD was rejected from levels above 1.6300 and weakened. Cable fall finding ...

Forex Strategy Outlook: US Dollar Forecast to Range Trade

Choppy forex markets and a considerable drop in forex options volatility expectations leave little scope for a sustained US Dollar breakout or trend—suggesting... ...

Euro Short Term Resistance at 1.4230/50

A tight range persists in the EURUSD but the USDCAD is nearing its range high yet again and the NZDUSD is testing trendline support. ...

EUR/USD: Trading the U.S. ISM Manufacturing Report

Manufacturing activity in the U.S. is expected to expand in August, with economists forecasting the ISM index to increase to 50.5 from 48.9 in July, ...

US Dollar Consolidation Continues as US Data Signals Strong ISM Manufacturing on Tuesday

• Canadian Dollar Weakest of the Majors as Q2 GDP Drops 3.4% • Australian Dollar May Show a Limited Reaction to RBA Rate Decision Overnight ...

Canada 2Q GDP up 0.1% MoM, down 3.4% annualized

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

The discussions over next year's budget are gaining momentum

Czech Republic The discussions over next year’s budget are gaining momentum Hungary Pass-through from the VAT hike into inflation lower-than-expected due too recession Poland Poland’s ...

U.S. Equity Markets to Dictate Dollar's Direction

The theme this morning in the currency markets is risk aversion as Chinese stocks fell nearly 7% overnight triggering a move into the safety of ...

Currency Majors Technical Analysis

American Session EUR/USD - Euro Dollar 1,4264. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings ...

Rare double-play opportunity in oil, gold and more

Truth be told, I'm even more bullish now on gold, oil and other natural resources than I was when I nailed the start of the ...

Canadian GDP contracted 3.4% in 2Q; USD/CAD, steady

FXstreet.com (Barcelona) - Canadian Gross Domestic Product contracted at a 3.4% annual pace in the second quarter, while month on month, GDP edged up 0.1% ...

GoldCore Precious Metals Update

Gold Gold is currently trading at $954/oz after finishing higher last week which was important technically. Gold is looking to close the month of August ...

Forex: GBP/USD: Pound picks up above 1.6200 ahead of U.S. opening

FXstreet.com (Barcelona) - The Sterling has bounced from 1.6185 support and, after having remained hovering below 1.6200 for most of the European session, the Pound ...

Currency Majors Technical Perspective

EUR/USD Current price: 1.4282 Capped under 1.4300, pair remains moving in a tight range since Asian opening. 20 SMA holds the bearish slope and price ...

FXCM Takes on Leading CFD Providers: Offering Forex, Stock Indices & Commodity CFDs

FXCM Ltd. (www.fxcm.co.uk), a leader in the retail forex business will now offer a CFD product focusing on forex, global stock indices, oil, and precious ...

US Chicago PMI increases in Aug to 50 from 43.4

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

Consumer Confidence Disappoints

Market Focus ·         US dollar continued to be under pressure ·         University of Michigan Confidence Index fell to 63.2 from 66.0 previously ·         German ZEW ...

Currency markets are starting the week cautiously

Market Summary Currency markets are starting the week cautiously, favoring the US dollar and the Japanese yen. Elections in Japan produced the opposition DPJ as ...

U.S. markets decline at the opening; Euro and pound Pick up

FXstreet.com (Barcelona) - U.S. markets have opened the week with declines weighed by sharp declines in financials and basic-materials sectors. Euro and Pound are breaking ...

Forex: The Sterling jumps above 1.6280 and recovers previous losses against Dollar

FXstreet.com (Barcelona) – The Pound's recovery from 1.6185 support against the Greenback has continued during the American session with the pair breaking 1.6240 resistance and ...

Forex: EUR/USD: Euro breaks above 1.4315 day high and reaches 1.4340

FXstreet.com (Barcelona) - The Euro is rallying strongly on early U.S. session, and, after having broken above 1.4315 intra-day high, the pair has reached 1.4345 ...

US dollar tumble against majors

Volatility took place in markets since the early morning, where the Asian indices closed red affected by the ongoing concerns that economies such as China ...

FXCM: Forex Trading Contest Offers $40,000 in Cash

FXCM Micro’s monthly forex trading contest starts tomorrow, September 1st, 2009. $25,000 in cash is awarded to the trader with the highest monthly trading ...

Yen lifted by conflicting winds

The Japanese yen strengthened on new found optimism rooted in decisive victory for the Democratic Party of Japan who rose to power on a platform ...

Forex: USD/CHF falls quickly and trades below 1.0600

FXstreet.com (Barcelona) – Almost 100 pips has fallen USD/CHF after the US opening bell from 1.0640, intra-day high level, to break down the 1.0600/10 tough ...

Forex: Commodity pairs rally on oil declines

FXstreet.com (Barcelona) – Commodity pairs are rising today's American session on the back of oil barrel is declining below $70.00. AUD/USD has jumped above 0.8400 ...

Canadian Dollar retreats as commodity rally loses steam

Canadian Dollar retreats as commodity rally loses steam Crude Oil slides toward 70.00, bids around 65.00 eyed USD/CAD Canadian dollar broke above the psychologically important ...

Interbank FX Named Third Fastest Growing Company in Utah

Interbank FX, a worldwide provider of online off exchange retail foreign currency (Forex/FX) trading services, has been named the third fastest growing company by Utah ...

U.S. Update: Dollar down on commodities

What happened in Asia and Europe Majors started the week almost unchanged, except for Japanese Yen, that after an historic election victory for Japan's main ...

Recovery Undergoing in Canada, as the Economy Grows by 0.1% in June!

  The Canadian economy is certainly improving recently, as better conditions in financial markets and around the globe in general started to show on the ...

A tumultuous Asian week to set the tone for the week?

Chinese equities in monster slide - Aussie tries to look the other way - but for how long? RBA up in Asia's Tuesday session tonight. ...

Canada: GDP still down but domestic demand comes out of recession

Latest: -3.4% (actual); -3.0% (expected); previous: -6.1% (revised from -5.4%) FACTS: Canadian GDP declined for a third consecutive quarter at an annualized rate of -3.4% ...

US: ISM preview, August

• Last month ISM surprised on the upside with a strong reading of 48.9 up from June’s reading of 44.8. The improvement in the overall ...

Greenback set to firm up?

After some 20 months of downturn, there is at last a light on the horizon for the United States and confirmation that economic recovery is ...

USD off highs, Chicago PMI beats expectations

USD: Mixed, USD pares equity market inspired gains, Chicago PMI stronger than expected JPY: Higher, Democratic Party wins in landslide, risk aversion spikes as the ...

Wall Street continues its declines, Dollar under pressure on oil drop

FXstreet.com (Barcelona) – US Stock markets are falling today's Monday session following the worldwide declines after the Chinese sell off. Commodities have led the decreases ...

Today's Live Show: CAD, AUD and NZD: Is the Commodity Currency Rally Over?

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, ...

Comprehensive FX and Futures Daily Research

Daily Market Commentary EUR/USD Edges Lower Despite Encouraging Flash CPI The EUR/USD gave us a head-fake to the topside yesterday, instead deciding to submit to ...

Forex Analysis USD vs CAD

Forex Technical Analysis Forex analysis of the USD to CAD daily chart is giving us some mixed forex trading signals at the moment, with Friday's ...

Forex Trading Analysis for GBP/USD

Forex Technical Analysis Friday's candle once again left the daily forex chart for Cable looking weak, ending the forex trading session with a narrow spread ...

Forex Analysis EUR/GBP

Forex Technical Analysis Following seven straight gains on the euros to pounds pair, it was no great surprise on Friday to the forex markets to ...

Rough Technical movements…

So far, technical movements are taking place within the currencies market to slightly give back momentum to the high-yielding currencies; the euro and the pound, ...

Forex Analysis USD/JPY

Forex Technical Analysis The yen to dollar pair continued their stately progress lower last week, as they continue to slide lower in a series of ...

Forex: USD/JPY holds below 93.00

FXstreet.com (Córdoba) – The Dollar is recovering across the board after falling sharply following the opening bell at Wall Street. USD/JPY recovery found resistance at ...

Euro Reverses Earlier Trend on Better Chicago PMI Data

Overnight it looked as if the theme for today was going to be aversion to higher risk assets because of the 7% drop in China’s ...

Day 21 - The Fundamentals - Market Correlations

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market. ...

New Zealand Dollar Falls on Central Bank Governor Interview

The New Zealand dollar started this week losing versus the greenback and the yen as higher-yielding currencies attractiveness declined while risk aversion grew among traders globally, shunning investors from assets ...

US Morning Briefing

Overnight News Asia: JGB’s inched up with investors shifting their money back to safe-haven government debt as shares quickly erased gains made after a historic ...

JPY higher, Japan's Democratic Party wins in a landslide

FX Highlights USD and JPY trade higher as the Shanghai Index falls 6% and the DPJ party wins a landslide victory in Japan's national election ...

Eurozone inflation resumes accelerating in August

EMU – HICP (Aug P): -0.2% UniCredit: -0.2%    Consensus: -0.3%     Last: -0.7% As widely anticipated, eurozone inflation resumed accelerating in August, rising to ...

Data and Analysis for Most Recent Release, August 31 2009

Legend: Net Long Net Short Position Change Overview: Open interest in the 7 currencies and the dollar index increased by 40,106 contracts. All markets had ...

Sell Off in China Spreads to U.S. Equity Markets

The theme this morning in the currency markets is risk aversion as Chinese stocks fell nearly 7% overnight triggering a move into the safety of ...

Euro Finds Intraday Support Ahead of 20-Day SMA, British Pound Looking For Bottom

The euro tipped lower for the second day but remained supported by the 20-Day moving average, and the EUR/USD may continue to trend sideways over ...

Bank Research Consensus Weekly 08-31-09

This week's Congressional Budget Office (CBO) mid-year budget outlook highlights the problems inherent in conducting an “independent” monetary policy and... ...

BoJ Governor Shirakawa Maintains Doivsh Outlook, Sees Modest Recovery

BoJ Governor Masaaki Shirakawa stated that domestic developments will be modest as households face a weakening labor market while businesses continue to... ...

Euro-Zone CPI Estimate Falls Less Than Expected in August

The Euro-Zone CPI estimate declined at an annual rate of 0.2% in August after falling at a record-paced during the previous month, and the less-than-expected... ...

Forex: EUR/USD: Euro recovery, capped below 1.4300

FXstreet.com (Barcelona) - Euro decline from 1.4385 high on Friday found support at 1.4255 Asian session right ahead of the European session opening, to pick ...

The Beast

Beast Trades 8-31-09 December Euro buy at 14478 on a stop; sell stop at 14194 December Aussie Dollar buy at 8371 on a stop; sell ...

Big MacDaddy

Trades for 8/31/09 December Corn sell at 310 on a stop; buy stop at 344 September Meal sell at 3054 on a stop; buy stop ...

Forex: GBP/USD: Pound continues hovering at levels right above 1.6190

FXstreet.com (Barcelona) - The Pound has opened the week on weak note, and decline from 1.6385 high on Friday has extended below 1.6200 on Monday's ...

The committee revised up its GDP growth forecast

ISM Manufacturing Index (August, Tuesday 10:00 ET) F: 52.8 C: 50.5 P: 48.9 Amid signs from regional manufacturing indices that activity expanded in August, the ...

Price action subdued in quiet session

European Market Update: Price action subdued in quiet session; Markets brush off another sharp Chinese equity sell-off and Japanese voter revolution ECONOMIC DATA - (IN) ...

Forex Cruises With Engines "Ahead - Slowly" This European Morning

The long expected decision for the USD, i.e., a new lasting trend developing, must wait further. That is astonishing, given the reasonable outlook for a ...

Forex: USD/JPY: Dollar bounces at 92.55 and returns above 93.00

FXstreet.com (Barcelona) - The Dollar has picked up during European session and after decline from Fridays high at 94.05 bottomed at 92.55, the pair has ...

Busy week ahead

Investors head back to school… Investors are faced with yet another week of slow-moving markets, with many preferring to head to the beach rather than ...

Video: European Morning Briefing

A snapshot of the 31th August Morning Briefing covering Stocks, Bonds, FX etc. ...

Sterling could regain due to little thrust on U.S. dollar

Fundamental U.K. house prices rose for the first time in two years in August as a dearth of homes for sale pushed up prices in ...

Labour market (Aug): Unemployment rate could rise again

ISM indices (Aug): manufacturing index is the first to reach expansion threshold Labour market (Aug): unemployment rate could rise again The manufacturing sector was hit ...

European News Summary

EBF Euribor Fixings The European Banking Federation released its 1-week Euribor fixings remaining unchanged at 0.341%, while the 3-month rates slipped to 0.821% from 0.825%, ...

ISE Autralian Dollar OUTLOOK

AUX (USD/AUD on ISE): further USD weakness expected. Pivot: 122.50 Our forecast: Down move towards 117.50 or even 113.50. Comment: The RSI is capped by ...

Technical Major Currencies Midday Report

EUR/USD The euro versus the dollar achieved the awaited downside correction towards 1.4250, from where it rebounded to the upside, according to our morning expectations ...

Prospects for the UK hang in the (im)balance

One of the positive by-products of the UK economic downturn over the past two years - and there have not been many - has been ...

Forex: Dollar rises above 93.00 against Yen after posting 7-week low at 92.55

FXstreet.com (Barcelona) – The Dollar's recovery from 92.55 against Yen has continued in the European session with the pair rising above 93.00 level. After reaching ...

FX Thoughts for the Day

USD-CHF @ 1.0614/17...Resistance at 1.0630 R: 1.0630 / 1.0680-0700 / 1.0750 S: 1.0550 / 1.0520-00 / 1.0450 The Resistance at 1.0630 mentioned in the morning ...

For the Week Ending August 30th, 2009

General Comments Last week saw very little in the way of real price action and set up some congestion ahead of volatility expected this week. ...

Forex: USD/CHF consolidates above 1.0600

FXstreet.com (Barcelona) – After rising around 50 pips from 1.0585 in the Asian session to post intra-day high at 1.0633, USD/CHF has been consolidating previous ...

Currency Currents

Key News New Zealand’s currency has been driven higher by weakness in the U.S. dollar and the gains are hampering an export-led recovery, said Reserve ...

London Session

Risk aversion remained the name of the game in London as news out of China once again led equity marts lower. Reports that Chinese state-owned ...

Forex: AUD/USD: Aussie testing 0.8360 support after dropping from 0.8440

FXstreet.com (Barcelona) - Australian Dollar has been rejected at 0.8440 Asian session high, and the Aussie has dropped through the European session to test 0.8360 ...

Are we there yet? "The Sequel" - Looking for a USD Bull

It seems like we are waiting forever for the larger turn. Well there is mounting evidence that one is at hand albeit not quite started ...

Yen Benefits from Japanese Elections

The yen started this week climbing versus several higher-yielding currencies worldwide as Asian stocks declined today, spurring demand for the safety of the yen, which is also benefiting from a new elected ...

U.S. Forex Market Commentary

EURO The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4320 level and was capped around ...

Euro Slides to Greenback as US Equities Dip

     EUR/USD - Euro Slides to Greenback as US Equities Dip The Euro-Dollar pair slid in today’s trading following another test of resistance near the ...

"Cash for Clunkers" Lifts Consumer Spending in July

“Cash for Clunkers” Lifts Consumer Spending in July Nominal consumer spending increased 0.2% in July, after a 0.6% gain in June. In July, the “cash ...

Japan's retail sales dropped and industrial output inclined in July

A report today showed that Japan's industrial production inclined in July at the slowest pace in four months, while Yearly retail sales fell for the ...

Asian Session News Summary

Industrial production in Japan inclined Monthly industrial production in Japan inclined by 1.9% in July which is the fifth consecutive incline, compared with a prior ...

Crude Oil Price Retreats In Asia Amid Decline In Stock Markets

Crude oil price drops to 72.3 in Asia Monday as driven by decline in stock markets. Strength in Japanese yen after DPJ's election victory and ...

Asian Session News Summary II

South Korean industrial output inclined Monthly industrial production in South Korea inclined by 2.0% during July compared with a previous incline by 5.7%, and it ...

Majors started this week falling

The euro and the pound started this week declining against the green currency. The USDIX, a gauge of the dollar's strength against a basket of ...

The euro is climbing on the back of the return to risk-appetite to the market

The US dollar weakened after the U.S. consumer confidence fell in August to its lowest level in four months. The dollar is on the defensive ...

ECB Council: No change in policy

German retail sales (July): stabilised at least EMU inflation flash estimate (August): prices still falling German adjusted unemployment (Aug): short-time work limiting rise again ECB ...

Bullish on Oil & Gas ETF

My hourly work is ³warning² me that crude oil¹s powerful rally off of yesterday¹s low at 69.83 into the morning high at 73.3 exhibits a ...

Global Recovery: Good or Bad for the U.S. Dollar?

If you've followed my commentary on currencies here in Money and Markets, you are well aware of the risk dynamic that has been driving currencies ...

Signs of global economic recovery

Given our forecast that U.S. GDP will grow in Q3 and later, we expect the 10-year Treasury yield to drift higher over time. Yet with ...

U.S. Forex Market Commentary

EURO The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4320 level and was capped around ...

Currency Majors Technical Perspective

EUR/USD Current price: 1.4296 Starting the week slightly bearish, pair has found strong a support at 1.4280 static zone from where the pair already bounced ...

GBPUSD broke above the upper border of the price channel

GBPUSD broke above the upper border of the price channel, suggesting that a short term cycle bottom is being formed at 1.6153 level on 4-hour ...

The Daily Forecaster

Please read the attached PDF file which provides more detailed analysis. Bias:                  Care at 77.48-73 as I feel this could stall the immediate downside ...

Market Morning Briefing

Morning Briefing : 31-Aug-2009 - 0332 GMT GOOD MORNING! EQUITIES Dow (9544.20) and Nasdaq (2028.77) though closed mixed on Friday, both were up by 0.4% ...

Daily Market Outlook

  Market Review - 28/08/2009 22:10      All times in GMT   Dollar and yen recover against other currencies as weak U.S. consumer confidence boosts ...

Currency Majors Technical Analysis

European Session EUR/USD - Euro Dollar 1,4279. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings ...

Technical Major Currencies Morning Report

EUR/USD The 1.4375 was able to halt further inclines for the Euro versus Dollar pair to reverse to the downside, in an attempt to gather ...

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

EURUSD   EURUSD closed @ 14305 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's ...

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

USDCHF   USDCHF closed @ 10600 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's ...

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

EURJPY   EURJPY closed @ 13390 which was BELOW the open and was within prior day's trading range. The High was 40 pips from Precise Trader's ...

EURUSD

EURUSD a possibility of a trend reversal still exists, at the moment the current situation claims that a when support level at 1.4268 is not ...

New Upleg for UltraLong Oil & Gas ETF?

The hourly candlestick chart of the ProShares Ultra Long Oil & Gas ETF (NYSE: DIG) shows the August rally period, which exhibits bullish form from ...

Forex - Democratic Party of Japan Wins in a Landslide & JPY Advances

Forex News and Events: The week has started out pretty much how we had expected, with indecisiveness being the best description. With the UK on ...

Democratic Party of Japan Wins in a Landslide & JPY Advances

The week has started out pretty much how we had expected, with indecisiveness being the best description. With the UK on a banking holiday, European ...

European Session: Markets Trying to Find a Direction

G10 Advancers and Decliners vs USDJPY0.83CHF-0.28 EUR-0.32 GBP-0.50 The Greenback ended the past week mixed against major currencies trading in a range bound, lower against ...

Euro Zone Consumer Prices to Shrink Again, Boosting Deflation Fears

A preliminary estimate of the Euro Zone Consumer Price Index is expected to show that inflation fell at an annual pace of -0.3% in August, ...

Japan's Industrial Production Tops Expectations, Manufacturing Expands for Second Month

The initial estimate of Japan’s Industrial Production showed that output added 1.9% in July from the previous month, more than economists expected but... ...

Japan's Retail Trade Improves as Tax Breaks Boost Car Sales

Japan's Retail Trade unexpectedly fell just -2.5% in the year to July, the smallest drop since January. Economists had predicted a -3.5% decline ahead... ...

Australian Business Credit Grows Least in 7 Years, Profits Tumble

Australian Private Sector Credit grew 0.2% as expected in July, driven by a 0.84% jump in loans for new house purchases, the largest increase since ...

New Zealand Business Confidence Rises to Highest in a Decade

New Zealand's NBNZ Business Confidence rose to 34.2 in August, the highest in over a decade. However, as we noted in our New Zealand Dollar ...

Japanese Yen Surges as Stocks Drop on Election Results, China Bank Earnings (Euro Open)

The Japanese Yen surged sharply higher to start the trading week as stocks fell after an election brought the Democratic Party of Japan into power ...

Euro Stalling Out Shy of Recent 2009 High (Daily Classical)

• Euro stalls ahead of 2009 high; rolling back over • Dollar/Yen remains under pressure; eyes 92.00 • Cable setbacks seen extending back to 1.6000 ...

Trend of the Day: AUD/USD

Aussie Dollar's Bull Run ...

USD at Crossroad

USD at Crossroad The dollar rose on Friday as US stocks fell. US personal income was flat while spending increased a modest 0.2%. Data on ...

GBPUSD: Continues to Weaken, Targets The 1.5982 Level

In This Issue: EURUSD: MT Rising TrendlinePuts Outlook To The Upside - Although a back off higher prices was seen the past week after EUR ...

GBPUSD low is incomplete

1 minute with ForexSurvivor       (31 August Asia) Latest Impact: GBPUSD low is incomplete                   GBPUSD low is incomplete and the market ...

Recent Recommended Trades

**************************************************** Update Time:     31 Aug 2009 02:59GMT INTRA-DAY AUD/USD OUTLOOK - 0.8403 As aussie has retreated after meeting renewed selling at 0.8444, suggesting corrective ...

Yen higher as opposition wins elections

FXstreet.com (Buenos Aires) - Majors opened near past Friday’s New York close, and remain hovering around those levels in early Asia, except for Japanese yen, ...

EUR/USD Current Price: 1.4296

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4296. Starting the week slightly bearish, pair has found strong a support at 1.4280 static zone from ...

Sterling remains under selling pressure

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6269. Pound remains under selling pressure after beginning the week clearly under 1.6300 level. Hovering around 1.6275 ...

Yen remains bearish after general elections

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 93.31. Bearish pressure remains intact in the pair, as expected after general elections. Very close to 93.20, already ...

Asian markets decline on another sell off in China; Euro and Pound, at support levels

FXstreet.com (Barcelona) - Asian markets have declined on Monday weighed by another sell off in Chinese markets and a change in Japanese government. Euro and ...

Forex: EUR/USD: Euro breaks below 1.4285 session low, testing 1.4250

FXstreet.com (Barcelona) - The Euro is weakening further ahead of the European session opening and decline from Friday's high at 1.4390 has extended below Asian ...

Forex: GBP/USD: The Pound breaks below 1.6225 support

FXstreet.com (Barcelona) - The Pound is opening the week on weak note ans decline from Friday's high at 1.6380 has extended during Asian session, with ...

EUR/USD: (1.4285) Back below 1.4323 (see graph)

Currently back below 1.4323, in channel off 1.3832 (see graph). Support area at 1.4251 (daily Medium Term Moving Average↑), with next levels at 1.4234/ .4224 ...

Recovery doubts weigh on pound

Highlights ECB Council likely to confirm expansive monetary policy stance Euro benefits from improved economic indicators EUR-USD has remained within the trading range of the ...

Recovery doubts weigh on pound

Highlights ECB Council likely to confirm expansive monetary policy stance Euro benefits from improved economic indicators EUR-USD has remained within the trading range of the ...

Asia Session

The first Asia session of the week kicked off with the much anticipated Japanese election results heavily weighing in the backdrop. JPY was bid right ...

Dollar Drops and Oil Pops

Dollar drops and oil pops. Once again a break in oil prices gets reversed on a weakening dollar. Going into the trading day some went ...

Cover me

The Government’s decision to extend the retail deposit guarantee scheme will alleviate a source of uncertainty for the finance industry, but still leaves some tough ...

Forex: USD/JPY: Dollar declines below 93.00, fresh 7-week low

FXstreet.com (Barcelona) - The Dollar has opened he week on a weak ppace, and the pair, dropped from levels around 93.50 at the opening, to ...

Option bulls spring into action on optimism at Intel

INTC – Intel Corp. – Shares of the tech-sector bellwether jumped more than 4.5% to $20.35 this morning after projecting higher sales estimates for the ...

Europe Ahead: The Low Inflation Rate in the Euro Zone is Expected to Incline in August

The European economy proved that it is capable of standing against hardships, and that the economic problems, resulting from the worst economic recession since the ...

US consumer sentiment revised higher

News and views US equities opened strongly, after benign personal income and spending data, but a consensus-beating consumer sentiment report (University of Michigan). The S&P500 ...
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