Archive for the ‘Forex News’ Category
EURUSD – Looks To Trigger Corrective Recovery
April 12th, 2010 | 
Author: EURUSD: A rally initiated on Thursday saw the pair reversing most of its past week earlier losses to close marginally lower on Friday. This development produced a rejection candle suggesting a corrective recovery could be shaping up in the days ahead.
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Forex Daily Outlook January 8, 2010
Hi everyone. Aside from the Yen, which lost a lot of ground after newly appointed Japanese finance minister Naoto Kan said he prefers the Yen to continue its current decline, the markets remained within ranges, most likely waiting for the NFP release later today. We do expect the data to possibly cause a breakout, and in our case, we dont care in which direction. The 1.42 level has held nicely and most recently the 1.4300 figure on EUR/USD. Fundamentals are mixed all across the world, except in Australia, where retail sales jumped to 1.4% last month, much higher than the anticipated .4%; however, if you take a look at historic figures, the data is very volatile and should be taken with a grain of salt. We favor a break below 1.4200 to test 1.4000. Were setting this up for the News! Trade service. If youd like to see how we trade the news, please register at the following link: www2.gotomeeting.com News! Trade: Trading Non-Farm Payrolls Live When: Friday, January 8, 8:00am US Eastern time (2:00pm Amsterdam, 5pm Dubai, 10pm Tokyo) We look forward to seeing you there. Until then.
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The Sterling Election
Have the improved prospects for a Conservative victory in the upcoming British election and the reduced chance of a hung parliament revived the sterling, or has the recovering British economy provided the boost? A little more than a week ago, the pound came within twenty points of its post crash…
Forex daily technical analysis – April 6
Forex daily technical analysis – April 6
Forex daily technical analysis – April 6
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Forex Strategy Outlook: US Dollar Forecast to Trend Against Euro, Japanese yen
Forex Strategy Outlook: US Dollar Forecast to Trend Against Euro, Japanese yen
Forex options market volatility expectations have dropped noticeably into a relatively empty week of economic event risk, signaling that price action may slow in the days ahead. Yet across the board we see that US Dollar and Japanese Yen-based currency pairs are making new highs and new lows.
Read more on Daily FX via Yahoo! Finance
