Category: Forex Trading
The analysis published under this category are as follows.
Tuesday, October 20, 2009
Currency Trading for 20th October 2009 / Currencies / Forex Trading
By: ForexPros
Tomorrow (Oct 21) The Bank of England's (BOE) Monetary Policy Committee (MPC) will publish its record of the committee's interest rate meeting held two weeks ago.
The meeting gives a picture of economic conditions in the UK, and records the votes of the individual members of the Committee.
If the BOE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.
Monday, October 19, 2009
U.S. Dollar Awaits Fed's Speech Blitz / Currencies / Forex Trading
By: Ashraf_Laidi
The week's upcoming blitz of Fed speeches starts with Bernanke's speech about Asia and the crisis (15:00 GMT). All voting members at this year's FOMC are due to speak this week, with the exception of Board Governor Duke and Atlanta Fed's Lockhart. As the dollar accelerates its decline, FX markets are increasingly aware that short of any USD-supporting remarks from non-US policy makers, effective USD stabilization would have to emerge from Fed's managing of inflation expectations (translation: signalling intentions to begin withdrawing excess liquidity by saying it will raise rates when the time is right).
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Monday, October 19, 2009
U.S. Dollar Remains at Important Support Against the Yen / Currencies / Forex Trading
By: ForexPros
Traders await the Bank of Canada’s (BOC) decision on short term interest rate which will be announced tomorrow (Tuesday, 20/10).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
Monday, October 19, 2009
Short Term Bull Signal in USD/JPY Now Seen / Currencies / Forex Trading
By: Seven_Days_Ahead
The recent downtrend in USD/JPY has been trying to find support above the prior lows of Dec-08/Jan-09. It looks as though a s/term recovery signal has now been given, and it is now time to look at some of the overhead hurdles confronting the s/term bulls.
Sunday, October 18, 2009
The Forex Establishment / Currencies / Forex Trading
By: Elite_E_Services
While collecting data about the Forex market, it is important to know who the major players are. Who originally designed Forex, who are the major participants, who makes decisions that have a significant impact on the Forex market? This and more will be explored in “The Forex Establishment.” First, let’s examine what is an establishment.
Thursday, October 15, 2009
Euro Continues Rise Against Weak U.S. Dollar / Currencies / Forex Trading
By: ForexPros
Tomorrow (Oct 15) The US Treasury Department will publish the monthly Treasury International Capital (TIC) Net Long-Term Transactions Report. The report measures the monthly difference in value between US purchases of long-term foreign securities and foreign purchases of US long-term securities.
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Wednesday, October 14, 2009
U.S. Dollar Expected to Continue Slide to New Lows / Currencies / Forex Trading
By: ForexPros
Traders in the U.S await tomorrow's publication of the Department of Labor's monthly CPI measurement (Oct 15).
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy.
The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the US.
Wednesday, October 14, 2009
Deflation Threat to Quantitative Easing Currencies / Currencies / Forex Trading
By: Ashraf_Laidi
Even the tumbling USD has hit a 5-month high against the British pound. Such is the state of the deteriorating GBP as UK CPI hits a 7-year low at 1.1%.
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Tuesday, October 13, 2009
Two Ways to Profit on a Huge New Currency Trend / Currencies / Forex Trading
By: DailyWealth
Tom Dyson writes: The Reserve Bank of Australia hiked its interest rate this week...
This was a big piece of financial news. Central banks around the world have been cutting rates for two years, and interest rates are as low now as they've ever been.
Tuesday, October 13, 2009
Euro and Yen Currency Trading for 13th October / Currencies / Forex Trading
By: ForexPros
As expected, the Euro jumped after breaking 1.4725, but the rise stopped just above 1.48, exactly like what happened last Thursday (yesterday's high 1.4812, Thursday's high 1.4816). It seems like reaching the resistance area 1.4808-1.4816 has become a problem for the Euro, since it failed twice at the same area.
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Monday, October 12, 2009
Euro Rally Halts at Resistance, Probability of Downside Grows / Currencies / Forex Trading
By: ForexPros
The Euro stopped at the resistance established in Friday's report 1.4772 with amazing accuracy, a stop which was a signal that we are heading to areas below 1.47. And now, there is a resistance that combines the rising trendline drawn from 1.4566, and the falling trendline drawn from 1.4816, and is currently at 1.4725, if price stay below it, we are heading south.
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Thursday, October 08, 2009
Euro Dollar and Yen Currency Trading for 8th October / Currencies / Forex Trading
By: ForexPros
First we would like to draw your kind attention to the ECB rate decision that will come out later today, and to president Trichet's news conference that will follow. The Euro advanced to 1.4761 before retreating back to 1.4682. And with that, 1.4776 became the most important resistance for the short-term, and the key to reach new tops. If broken, the Euro will be able to reach areas above 1.48 within 24 hours after the break, first of which is 1.4824, then new highs above the tops of September 22nd & 23rd, the most attractive of which is 1.4901.Read full article... Read full article...
Wednesday, October 07, 2009
Multi-FX Gold View and Shanghai Currency Reserve Currency Reminder / Currencies / Forex Trading
By: Ashraf_Laidi
The story from the Independent about Arab Gulf States & China looking for alternatives to the US dollar could be dismissed for now due to the lack of immediacy about its implementation. Neither such a story nor the immediate denial from Saudi Arabian officials is new. But the Arab Gulf State element certainly adds to the Chinese diversification element in highlighting the structural impediments of the US currency (zero interest rates at least into Q2 2010, budget deficit at 10% of GDP, tepid prospects of consumer-led recovery).
Wednesday, October 07, 2009
Euro Dollar and Japanese Yen Trading for 7th October 09 / Currencies / Forex Trading
By: ForexPros
The Euro advanced to 1.4761 before retreating back to 1.4682, and with that, it stayed for the whole past 24 hours above the important support specified in yesterday's report 1.4668, keeping our positive outlook intact. But even with this new high, things have changed a lot, because the Euro is threatened with a correction for the whole move from 1.4480, after spotting reversal signals on the Japanese candlestick charts: a (Shooting Star) pattern on the hourly chart, and an (Engulfing) pattern on the 4 hour chart. That is why we will drive our attention towards Fibonacci retracement levels for the move from 1.4480 on Friday to 1.4761 yesterday.
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Tuesday, October 06, 2009
Euro Dollar Bounces off Support Targetting Resistance / Currencies / Forex Trading
By: ForexPros
The Euro accurately reached the retest level that we specified as 1.4588 (yesterday's low 1.4592), and retested the broken channel successfully. Then it started rising and reached the important resistance 1.4720 this morning, which was specified as the most important target in yesterday's report (the high until the moment of preparing this report is 1.4716).Read full article... Read full article...
Monday, October 05, 2009
Euro /JPY Bear Pressure Mounts / Currencies / Forex Trading
By: Seven_Days_Ahead
Over the last few months the price action in EUR/JPY has been on the choppy side, with the 2009 recovery slowing ahead of a 50% retracement level. The Daily chart now appears to be on the cusp of giving a bear signal, which would further postpone any test/break of this key resistance.
Thursday, October 01, 2009
Euro Dollar and Japanese Yen Trading for 1st October 2009 / Currencies / Forex Trading
By: ForexPros
The Euro is testing at this very moment the short-term support 1.4563, after dropping hard in the last half hour. This support is the last barrier before testing Fibonacci 50% which is at 1.4509. Short-term resistance is 1.4622, and breaking it would give another attempt to reach 1.47 (after yesterday's attempt). If 1.4563 is broken, then the falling correction will try to reach Fibonacci 50% support at 1.4509, or Fibonacci 61.8% at 1.4430.Read full article... Read full article...
Wednesday, September 30, 2009
U.S. Dollar Positive Divergence on the Weekly Chart / Currencies / Forex Trading
By: Guy_Lerner
There is a strong trend. Negative divergences in an up trend or positive divergences in a down trend (between price and momentum oscillators that measure price) begin to show up on the weekly charts. Traders position themselves for a trend reversal as the divergences are indicative of slowing momentum. The reversal never comes, and the trend continues in the same direction often times accelerating as traders bail out of losing positions.
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Wednesday, September 30, 2009
Euro Dollar and Japanese Yen Forex Trading / Currencies / Forex Trading
By: ForexPros
The Euro stopped just below the most important resistance in yesterday's report 1.4639 (Asian session high was 1.4631). But even though, it is trading now above the falling channel, after it succeeded in breaking it. Still, we can spot a trendline that stopped the Euro, which is the rising trendline from inside the falling channel. We can clearly see that price stopped accurately at this line, running currently at 1.4639, the most important resistance for today as it was for yesterday.
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Tuesday, September 29, 2009
Euro Dollar Continues Short-term Trend Within Tight Channel / Currencies / Forex Trading
By: ForexPros
Moving steady inside the falling channel on the intraday charts, the Euro approached the top of the channel five times, without breaking it, which indicates that the falling trend (for the short-term is still safe. As long as price does not break this channel to the upside, the short-term downtrend will go on, and try to reach the end of the channel, which is below 1.45, during this week.Read full article... Read full article...