When I look at a Daily Chart of EURUSD the first thing that pops into my head is DISTRIBUTION. Any time a market goes sideways, it is either distributing before a change of direction, or it’s...
This week’s forex trading is quite boring – most currency pairs trade in specific range. While this trade pattern isn’t exciting, it offers opportunities to run up and down the range. Could this...
Reports major ACB has stepped in selling EUR/USD
By Gerry Davies || November 19, 2009 at 07:59 GMT
|| 2 comments || Add comment
Sources report that a major ACB has stepped in selling EUR/USD...
One thing that I find more amusing than annoying now is trying to be on the screen at the “best” time to day trade. Previously the decision on what hours to trade were based entirely on volume. The...
EURUSD: Upside Seen Above The 1.4736/1.4625 levels.
EURUSD- Price hesitation continues to be seen with EUR holding firmly above its LT rising trendline and its major emas. We maintain that whi
Eur/Usd up, down, up, down like a see saw. For those of you that remember that wonderful playground toy. You are always moving but you never get anywhere. I have good news though there is a trade...
The yen and dollar strengthened against the euro as stock markets fell, discouraging demand for higher-yielding assets.
Japan’s currency rose against all of its 16 most-traded counterparts...
Interbank FX has recently launched a very interesting application – a Micro Mini Challenge on Facebook. This is a very interesting development in the Forex marketing arena and I expect many more...
HONG KONG/SINGAPORE (Reuters) - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial...
Overall, the positive European equity markets have helped the majors push the Ysd lower. Following the major’s strength seen during the Asian and the European sessions, the dollar index broke again...
Nov. 19 (Bloomberg) -- A tax on large stock trades pushed by some Democrats could be imposed in the U.S. only if it is also levied internationally to prevent Wall Street traders from taking their...
Website of the Telegraph Media Group with breaking news, sport, business, latest UK and world news. Content from the Daily Telegraph and Sunday Telegraph newspapers and video from Telegraph TV. ...
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...
Nov. 19 (Bloomberg) -- The index of U.S. leading indicators rose for a seventh consecutive month in October, signaling the economy will keep growing into 2010.
The Conference Board’s gauge of the...
The U.S. dollar has been gallantly struggling to remain above support at 75.0 on the U.S. Dollar Index, but it looks like it may be about to succumb to the mounting bearish pressure.
On light momentum, the currency market traded in a split fashion in Wednesday trade, with the euro and the swissy posting gains, while the other major currencies declined against the dollar. This...
The U.S. dollar index is down, again, and back at the 75.00 region as investors pushed European stocks higher after navigating a mixed global equity market picture overnight. The risk tolerance play...
European shares started the day on an upbeat sentiment, even though the cash equity market had closed in the red over the last few trading sessions. The S&P futures saw side-ways action throughout...
A strong dollar is in the interests of the entire international community, European Central Bank President Jean-Claude Trichet said on Tuesday.
Speaking at an awards ceremony, he said he fully...
his is the first part in a new article series where we study how price moves and how we can profit from the results of what we uncover. This topic of "price action" was inspired by a report that was...
America's super-easy monetary policy has drawn a blast of criticism lately from the high and mighty of Asian finance. President Barack Obama and Federal Reserve Chairman Ben S. Bernanke stand accused...
While most currencies are stuck in the same range in the past two weeks, the AUD/USD and NZD/USD are out of these ranges – to the downside. The sun currently doesn’t shine on the high yielding...
Treasury Secretary Timothy Geithner and Rep. Kevin Brady (R., Texas) turned a seemingly boring hearing on financial regulations into a messy fracas, when they exchanged verbal insults over who was to...
Public finances deteriorated almost twice as fast as expected last month, raising the risk the government will have to raise its borrowing forecasts when it unveils its pre-budget report next month....
CRUDE OIL: Retains Its MT Upside Outlook
CRUDE OIL (futures): Crude Oil continues to maintain its medium term uptrend bias while holding above LT rising trendline drawn from its Feb’09 low (35.66)...
Ok traders, good day to you all. Today I want to discuss with you the pause that refreshes. Take a look at the following chart and tell me, as a SCALPER, what do these 2 charts say to you?
U.S. shares declined in Wednesday trade after disappointing data from the technology and housing markets hit the newswires. Earlier in the day, the European cash and U.S. equity markets were trading...
It seems the Obama administration has just fallen in love with the same dream the rest of the world has been pursuing for decades: export your way out of recession.
But the dream runs into a...
Dear Treasury Secretary Geithner:
I noticed you recently told the Japanese press that you intended to maintain a strong dollar, and that the Obama administration would bring the U.S. fiscal...
Near-term trade is all about re-alignment, both of extended portfolio values as well an alignment of how far the dollar can be expected to drop. Fair value has been found on most forex pairs, aided...
