Forex trading market


Currency News – Tuesday, 17 November 2009

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Economic News

USD – Dollar Tumbles on All Fronts

The U.S. Dollar fell against all of its major currency pairs yesterday. This was in response to traders dropping the USD, as stocks climbed after U.S. Retail Sales rose more than predicted, and Asian governments pledged to uphold their economic stimulus spending. In October, Retail Sales rose 1.4 %, vs. forecasts of a 0.9 % rise. The equity market rally sent the Standard & Poor’s 500 index to a 13-month high, as it rose 1.2% to over 1,105. What is impressive is that according to the U.S. Commerce Department, Retail Sales climbed from a 2.3 % dip in September.

The Dollar fell to a 15- month low against currency pairs such as the Pound. This is as the pair rose by as much as 165 pips to the 1.6876 level. The USD/JPY cross also dropped significantly yesterday by 52 pips to the 89.04 mark. The EUR/USD pair rose by 20 pips to the 1.4985 level. In addition, the greenback lost ground against the Canadian Dollar as the trading day dragged on. The U.S. Dollar Index, which tracks the currency vs. America’s largest trading partners, fell by 0.7 % to 74.834, after reaching 74.679. This was the lowest level since August 2008.

Looking ahead to today, there is much exciting economic news that is set to be published from the U.S. The most significant of these will be the PPI and Core PPI at 13:30 GMT, the TIC Long-Term Purchases at 14:00 GMT and the Industrial Production publication at 14:15 GMT. All of these releases are set to have a very high impact on both the volatility and strength of the USD. The forex market is expected to go extremely volatile before, during and after these publications. Therefore, it is advised that you open your positions in the Dollar whilst the opportunity is available to make big returns today.

EUR – GBP Climbs as Optimism Kicks In

The British currency made significant gains during Tuesday’s trading day against its most traded currency counterparts. This was in part sparked by the optimism coming out of the British property market. Britain’s 2 largest property companies, British Land and Land Securities, are expected to announce higher than expected gains in the coming days. This helped produce much optimism in the British currency, which is very important, as the British economy is highly dependant on the British property market.

The British economy made significant gains against its major currency counterparts. The GBP/USD cross finished yesterday’s trading higher by a whopping 117 pips at the 1.6828 level. The British currency made significant inroads into the EUR, as the pair fell by 53 pips to the 0.8900 level. With regards to the EUR/USD pair, it rose by 20 pips to the 1.4985 level. Much of this behavior was due to a global stock market rally that was boosted by impressive U.S. Retail Sales figures. As was seen, riskier currencies such as the Pound were the main benefactors of this.

Today, there is scheduled to be much market moving data that will be released from both Britain and the Euro-Zone. From Britain, there will be the CPI and RPI at 09:30 GMT. From the Euro-Zone, there will be the publication of the Trade Balance figures at 10:00 GMT. Better-than-expected results are likely to boost both the GBP and EUR significantly. Also, it would be wise for traders to open large positions in GBP and EUR crosses as soon as possible. Doing so would ensure maximum market participation for Tuesday’s trading.

JPY – Yen Soars against the Dollar

The Yen soared against the Dollar in Monday’s trading, due to the GDP (Gross Domestic Product) of Japan (the second biggest economy) growing by 4.8 % in the 3rd quarter. This was the second consecutive increase since the start of the nation’s deepest postwar recession. The Yen also jumped due to Asian leaders promising to maintain the economic stimulus packages during a meeting in Singapore yesterday.

The Yen rose by 52 pips against the USD to close at the 89.04 level. The JPY also made impressive gains vs. the European currency. It seems that we are seeing evidence that the economic stimulus has helped Japan exit the recent recession. It is expected that the demand in Japan’s economy will eventually pick up. As a result, the Japanese economy and the Yen will continue to build on recent gains.

OIL – Crude Oil Rises by Most in 6 Weeks

Crude Oil rose by the most in 6-weeks on a weak USD and a stock market rally in the U.S. As a result, this boosted investor’s confidence that energy demand will increase significantly in the coming months. Crude Oil closed at $79.46 from an opening of $77.22. Crude was helped as traders bought-up the commodity as an alternative investment, due to the mass sell-off of the USD.

It seems that traders are optimistic about the U.S. and global economy. This has really helped Crude prices. However, the commodity may only rise significantly above $80, if we see more impressive data and significantly higher demand too. It seems that the Organization of Oil Petroleum Exporting Countries (OPEC) is happy with the current prices levels. They expect prices to rise in the very near future.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend arrow no Currency News – Tuesday, 17 November 2009 arrow up Currency News – Tuesday, 17 November 2009 arrow no Currency News – Tuesday, 17 November 2009 arrow no Currency News – Tuesday, 17 November 2009 arrow no Currency News – Tuesday, 17 November 2009 arrow down Currency News – Tuesday, 17 November 2009
Weekly Trend arrow up Currency News – Tuesday, 17 November 2009 arrow up Currency News – Tuesday, 17 November 2009 arrow down Currency News – Tuesday, 17 November 2009 arrow down Currency News – Tuesday, 17 November 2009 arrow no Currency News – Tuesday, 17 November 2009 arrow down Currency News – Tuesday, 17 November 2009
Resistance 1.5063 1.6920 89.98 1.0179 0.9405 0.8952
1.5031 1.6890 89.66 1.0148 0.9383 0.8930
1.5000 1.6860 89.35 1.0114 0.9361 0.8909
Support 1.4938 1.6798 88.04 1.0051 0.9319 0.8866
1.4906 1.6767 87.71 1.0019 0.9298 0.8842
1.4874 1.6735 87.35 0.9988 0.9275 0.8819

Technical News

EUR/USD

The hourly chart is showing a bullish cross has formed on the pair’s Slow Stochastic Oscillator, indicating the potential for an upward price movement. As the pair fluctuates, it has been trading in the lower half of its Bollinger Bands. It appears the 20 day moving average is a significant resistance level. Traders may want to use the middle line as a level to take profits.

GBP/USD

The GBP/USD is displaying bearish signals. The 4-hour chart has a bearish cross which has formed on the Slow Stochastic Oscillator, indicating the potential for a downward price movement. This is supported by the Relative Strength Index, floating in the overbought zone, lending further support for potential price depreciation. Traders may want to be short on this pair today.

USD/JPY

The long term downward sloping trend continues today as the pair has fallen for the last 3 consecutive trading days. Per the hourly chart, the pair has been experiencing range trading between the price levels of 89.15 and 89.00. For the traders that recognize this established zone, significant profits can be made by placing stops and limits at these price levels.

USD/CHF

The hourly chart shows the pair has crossed back into its upper Bollinger Band after an earlier breakout. A bearish cross has formed on the Slow Stochastic Oscillator, indicating the potential for a downward price movement. Traders may want to catch the downward fluctuation that is in the same direction as the long term trend.

The Wild Card

Crude Oil

Crude Oil is displaying significant bearish signals after yesterday’s failed breach of the $80 price level. The 4-hour chart has the pair trading in the overbought zone on the pair’s Relative Strength Index, indicating a possible move lower. The chart also shows a bearish cross has formed on the Slow Stochastic Oscillator that may support this downward move. Forex and commodity traders may want to be short on Crude Oil today as a significant price move may be in the making.

 Currency News – Tuesday, 17 November 2009

 Currency News – Tuesday, 17 November 2009

// Popularity: 9% [?]

forx news

Currency News – Thursday, 10 December 2009 December 20th, 2009

Economic News

USD – Dollar Slides Amid Increased Investor Risk Taking

Following an upbeat trading day Wednesday on the U.S. stock market, the Dollar slid against its major counterparts for the first time since last Friday’s unemployment figures. The Dollar Index dropped to 76.043 from 76.236 as investors began to speculate whether rumors of an impending hike in U.S. interest rates may have been slightly premature. The increase in stocks led to significant gains for the Euro, which was trading above the 1.4730 mark earlier. While the Dollar may have had a rough day in trading, there are several news events on Thursday that promise to create some volatility in the market.

Set to be released at 13:30 GMT, the weekly U.S. unemployment claims report will be a telling statistic as to whether last weeks report was merely a fluke, or the American job market is really improving. If the number comes in at or around the forecasted 463K, the Dollar may make some gains, as the number is roughly the same as last weeks’. If the figure comes in at a significantly higher number, the Dollar could be pushed further down as this would signal the American economy is still not on stable ground.

EUR – EUR Makes Gains Following Positive ECB Rate Outlook

Amid speculation that a report being released on Thursday will show an increase in production in Italy and France, the Euro made impressive gains against both the Dollar and Yen in early morning trading. This is leading to speculation that the European Central Bank (ECB) may be able to abandon its policy of accommodating its banks in the near future.

Traders may want to pay attention to any news coming out of the ECB. Positive economic data could signal that Europe is recovering faster then America and Japan, and could lead to further gains for the EUR. At the same time, if the U.S. unemployment figures come in as expected, the Euro could lose ground on the dollar. A stable U.S. jobs market will likely lead to gains for the Dollar and could result in a repeat of this past week’s EUR losses.

Against the Yen, the EUR made gains after a strong Australian jobs report brought back investors to risk taking. It would appear that the positive news from Australia has halted the gains the Yen had made in the last few days. With the European production figures set to be released today, the Euro could emerge even stronger in afternoon trading.

JPY – Yen Falls Following Australian Jobs Report

Following yesterday’s gains against the Dollar and EUR, the Yen took steep losses after a very good Australian jobs report on Thursday morning. Investors appeared to be abandoning their safe haven positions with the Yen in favor of riskier currencies like the Aussie and Kiwi. Consequently the Yen fell to below 130.00 against the Euro in early morning trading.

Looking ahead, traders may want to pay attention to the news coming out of Europe and America. Any negative European news would increase the Yen’s appeal as a safe haven currency and could lead to serious gains. At the same time, positive news from Europe may lead to a prolonged drop in the Yen against its major counterparts.

Crude Oil – Crude Prices Fall Following Inventories Report

Following a U.S. inventories report showing an increase in distillate oil stockpiles, crude prices fell as there appears to be a glut of the commodity in the American market. While crude oil inventories actually fell, investors largely seemed to ignore this, instead choosing to pay attention to oil overall. Consequently the price of crude fell to just above $70.00 a barrel.

Most analysts are predicting that crude oil prices will stay low for sometime, as a weak economy is forcing many Americans to cut down on fuel consumption. That being said, any positive employment news coming from the U.S. could lead to an increase in prices. Economic gains made in the U.S. will likely lead to an increase in consumption, especially as the weather gets continuously colder.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend no no down up up no
Weekly Trend down down down up no down
Resistance 1.4790 1.6325 88.50 1.0355 0.9205 0.9130
1.4770 1.6305 88.30 1.0335 0.9185 0.9110
1.4740 1.6275 88.00 1.0305 0.9155 0.9080
Support 1.4680 1.6215 87.40 1.0245 0.9095 0.9020
1.4650 1.6185 87.10 1.0215 0.9065 0.8990
1.4630 1.6165 86.90 1.0195 0.9045 0.8970

Technical News

EUR/USD

The cross has been dropping for the past week now, as it now stands at the 1.4710 level. The Slow Stochastic of the daily chart shows a bullish cross has recently formed, indicating that an upward correction is imminent. This view is also supported by the RSI of the 4-hour chart. Going long might be a wise choice.

GBP/USD

The hourly chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4-hour Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops may turn out to pay off today.

USD/JPY

The typical range trading on the hourly chart continues. The daily chart RSI is floating in neutral territory. However, the pair currently sits near the bottom border of the 4-hour chart’s RSI, suggesting an upward correction may be imminent. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.

USD/CHF

The bullish trend is loosing its steam and the pair seems to consolidate around the 1.0280 level. The 4-hour Chart’s RSI is already floating in the overbought territory indicating that downwards correction might take place in the nearest time frame. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.

The Wild Card

Crude Oil

Oil prices are once again dropping, and it is currently traded around $70.50 per barrel. And now, the daily chart’s Slow Stochastic is giving bullish signals, indicating that Oil prices might go up. This might give forex traders a great opportunity to enter a very popular trend.

// Popularity: 3% [?]

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Currency News – Friday, 11 December 2009 December 20th, 2009

Economic News

USD – USD Mixed Against Major Currencies

The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The dollar rose above 76 earlier and lately bought 75.996 and compared to 75.987 on Wednesday. The USD dropped as much as 1.3% versus the New Zealand while the Australian Dollar rose 1.1% against the greenback.

The number of people in the U.S. receiving unemployment insurance continues to decline, dropping to the lowest level since February. The US trade Deficit also declined unexpectedly as a weak Dollar boosted exports oversees.

Looking ahead for today, the US Retail Sales is expected to be released at 13:30 GMT and the Prelim UoM Consumer Sentiment at 14:55 GMT. With mostly better than expected economic data seen lately from the U.S., worse than expected results might prove quite volatile for the USD pairs.

EUR – EUR under Pressure over Ratings Concerns

The EUR was under pressure Thursday over concerns of high debt levels of some of its member countries. Greece had its rating downgraded and Spain had its outlook lowered to negative. Portugal was also warned of a possible downgrade. Late Thursday the EUR was unchanged at $1.4730 and at 129.94 Yen from 129.41 Yen. The Pound was at $1.6274 from $1.6270.

The currency posted little reaction to Thursday’s decision by the Bank of England to leave its key lending rate unchanged at a record low 0.5%. The Bank of England also maintained its asset-buying program at 200 billion pounds ($326 billion), in line with the economists’ forecasts.

While positive economic data continues to come from Germany, Euro-Zone’s largest economy concerns about sovereign ratings in the Euro-Zone’s smaller countries and the potential for choppy economic growth seem to be putting downward pressure on the EUR at the moment, possibly pushing it even lower against the USD.

JPY – Yen Declines as Risk Appetite Returns

As the stream of positive economic data from the U.S continues, the Yen continues to decline against the Dollar as well as riskier currencies as demand for higher-yielding assets returns. The Yen traded at 129.97 per EUR in today’s early trading, after weakening 0.4% yesterday and was at 88.43 against the Dollar. With a return to risk appetite, the JPY returns to be the primary funding currency.

OIL – Oil Prices Decline for 7th Day

Crude levels declined for a seventh straight day, ending at a two month low Thursday as concerns of oversupply and low demand persist. Light, sweet Crude Oil for January delivery on the New York Mercantile Exchange settled down 13 cents at $70.54, the lowest level since Oct. 7th.

With renewed attention to supply and demand, confidence that demand in the world’s biggest energy-consuming country is recovering is deteriorating. With gasoline supplies at the highest level since April and a stronger Dollar, investors’ appetite for commodities continues to decline. With few fundamentals supporting high Oil prices, there is room for Oil level to decline further.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend down up up down up down
Weekly Trend up up no down no down
Resistance 1.4890 1.6525 90.10 1.0360 0.9245 0.9096
1.4825 1.6425 89.75 1.0335 0.9225 0.9075
1.4775 1.6380 89.25 1.0300 0.9190 0.9055
Support 1.4665 1.6225 88.25 1.0235 0.9115 0.9020
1.4610 1.6160 87.75 1.0195 0.9075 0.9008
1.4530 1.6075 87.40 1.0165 0.9255 0.8990

Technical News

EUR/USD

There is a fresh bullish cross forming on the daily chart’s Slow Stochastic indicating a bullish correction might take place in the nearest future. The upward direction on the hourly chart’s Momentum oscillator also supports this notion. When the upward breach occurs, going long with tight stops appears to be preferable strategy

GBP/USD

The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 1 hour Chart’s RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.

USD/JPY

The pair’s bullish momentum continues with full steam, as it crossed the 88.80 level yesterday, and seems ready to test the 89.25 level. Should a breach occur, another bullish move might take place.

USD/CHF

The typical range trading on the hourly chart continues. Both the RSI and Slow Stochastic are floating in neutral territory. The hourlies are also providing mixed signals with no specific direction. Good strategy might be to wait for a clearer signal before entering the market in this pair.

The Wild Card

Silver

Silver prices are testing new lows on a daily basis now as a breach through $17.75 was made yesterday. The daily chart shows that the price has lowered beneath the Bollinger Bands, indicating that the downtrend has more room to go. This could give forex traders a great opportunity to enter a very promising trend.

// Popularity: 3% [?]

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Currency News – Monday, 14 December 2009 December 20th, 2009|

Economic News

USD – Dollar Continues to Strengthen

The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the 1.460 level. The Dollar also strengthened against the Pound.

It seems that the main reason for the Dollar’s bullish trend is the positive data coming out of the U.S economy. The U.S Trade Balance, which measures the difference in value between imported and exported goods and services during October, came in at -32.9B. This result was much better than predicted, and far better than September’s result, -36.5B. This showed that the U.S export industry is beginning to recover, which strengthened the Dollar instantly. In addition, Retails Sales unexpectedly rose by 1.3% in November, beating expectations for a 0.6% rise. It seems that as long as positive figures continue to be published from the U.S economy, the Dollar will continue to soar.

Looking ahead to this week, the main news event is likely to be the Federal Funds Rate scheduled for Wednesday 19:15 GMT. The Federal Funds Rate is constitutes the U.S Interest Rates announcement for December. Current expectations are that the Federal Reserve (FED) will leave rates at the current level. However, if the Fed decides to surprise and hike rates, the potential exists for mayhem in the market.

EUR – EUR Sees Mixed Results vs. the Majors

The Euro underwent an extremely volatile session during last week’s trading. The Euro continued to weaken against the Dollar, and the EUR/USD pair dropped below the 1.4600 level. However the Euro saw mixed results against the Yen and the Pound.

The Euro’s volatile behavior seems to be a direct result of the mixed news coming out of the Euro-Zone’s leading economies. On the one hand, German Factory Orders dropped by 2.1% in October, and the French Trade Balance failed to reach expectations for a -2.3B result, instead coming in at -4.4B. On the other hand, the German Trade Balance rose to a 12.9B surplus in October. In addition, the German Final Consumer Price Index dropped by 0.1% in November, much better than expected. According to both of these indicators, the German economy is recovering nicely.

As for the week ahead, many interesting publications are expected from the Euro-Zone. The most significant publication appears to be the German ZEW Economic Sentiment survey on Tuesday. Traders should follow this survey, as a better than expected end result could correct some of the Euro’s losses against the Dollar from the past two weeks.

JPY – Yen Rises Again

The Yen saw mixed results against the major currencies during last week’s trading session. The Yen strengthened against the Dollar and the EUR, and only failed to rise against the Pound.

Several positive economic publications from Japan supported the Yen during last week’s trading. The Japanese Leading Indicators Index rose by 89.7% on October. This index is designed to predict the direction of the Japanese economy. It is a combination of 12 economic indicators related to employment, production, new orders and more. The extremely positive figure has shown that the Japanese economy is indeed recovering, and as a result boosted the Yen.

As for the week ahead, traders should look forward to the Tertiary Industry Activity report on Tuesday. This report measures the change in the total value of services purchased by businesses. If the end result will reach expectations for a 0.5% rise in October, this may support the Yen further.

Crude Oil – Crude Drops on Global Demand Concerns

Following the positive Dollar news on Friday, the price of crude temporarily rose above $70.00. This increase proved to be temporary, largely due to a Japanese business confidence report, and prices have since dropped to around the $69.50 level. The report showed that business confidence increased marginally, implying that demand for crude is down in the world’s third largest oil consuming country.

A U.S. Energy Department report released last week also showed that consumption levels in the U.S. are down compared to this time last year. This has the potential to change this week. If the Dollar continues to rise, consumption levels may go up in America, especially ahead of Christmas. Traders may want to pay attention to news events this week concerning the Dollar, as they may have a direct correlation to the price of oil. If the Dollar decreases in value, the price of crude oil may as well.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend up down down down up up
Weekly Trend up down up down down up
Resistance 1.4733 1.6311 89.35 1.0384 0.9193 0.9118
1.4712 1.6290 89.16 1.0366 0.9172 0.9099
1.4686 1.6261 88.85 1.0335 0.9141 0.9070
Support 1.4630 1.6202 88.26 1.0275 0.9081 0.9009
1.4602 1.6171 87.95 1.0246 0.9052 0.8980
1.4583 1.6152 87.76 1.0225 0.9031 0.8961

Technical News

EUR/USD

According to the Relative Strength Index (RSI) on the 1-hour chart, the pair is expected to enter a bearish trend in the near future. The Bollinger Bands on the same chart also say that volatility for the pair will occur soon. Going short may be the preferred option today.

GBP/USD

According to the Stochastic Slow on both the 1-hour and 4-hour charts, the pair is currently floating in neutral territory. The Relative Strength Index on the 1-hour chart states this as well. Traders may want to take a wait and see approach with the pair today, as a clearer signal may come about later.

USD/JPY

The Relative Strength Index on the 4-hour chart indicates that the pair has entered a bearish trend. The Stochastic Slow on the 1-hour chart does not support this theory and shows the pair trading in neutral territory. Traders are advised to wait for a clearer indication before trading with the pair today.

USD/CHF

The Bollinger Bands on the 2-hour chart indicate that volatility with the pair may occur in the near future. This theory is supported by the Relative Strength Index on the 8-hour chart, which indicates a bearish trend is imminent. Going short with tight stops may be the best option for today.

The Wild Card

Gold

Both the Relative Strength Index and the Stochastic Slow on the 1-hour chart indicate that Gold is heading for a bearish trend today. The Bollinger Bands on the daily chart indicate volatility may be imminent. Forex traders may want to go short with tight stops today.

// Popularity: 3% [?]

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Currency News – Wednesday, 16 December 2009 December 20th, 2009

Economic News

USD – Dollar Trades Higher vs. EUR on Rate Outlook

The U.S dollar held near a 2-? month high on the EUR and kept a firmer footing against the Japanese yen on Wednesday as the market waited to see if the U.S. Federal Reserve would give any signal on when Interest Rates might begin to rise.

The greenback was near a 1-week high against the Yen before reports forecast to show U.S. housing starts rebounded and consumer prices gained. Traders increased bets that the Fed will raise its policy rate by June as the Federal Open Market Committee (FOMC) began a 2 day rate-setting meeting.

The U.S dollar traded at $1.4542 per EUR from $1.4538 yesterday when it reached $1.4504, the strongest level since Oct. 2nd. The U.S. currency was at 89.58 yen from 89.61 yesterday after reaching 89.95, the strongest level since Dec. 7th.

Fed policy makers are expected to keep benchmark rates steady and retain the vast majority of the forward-looking portions of its statement on the economy due this afternoon. With data pointing to the upside in the U.S. economy, there is a growing speculation that there will be a change in rhetoric on monetary easing. Analysts said investors were keen to close short positions built up in the Dollar all year before 2009 book closings and that this may support the USD for the rest of the week and into next.

EUR – EUR Falls Broadly on Bank Concerns

The EUR was under pressure amid worries about the health of Austria’s financial institutions after a report that the country’s fourth-largest financial institution was facing capital problems. The single currency fell on Tuesday on Euro-Zone bank concerns and data suggesting growth in the region remained weak, while a slip in German economic sentiment also prompted traders to dump the single currency. The Austrian news added to worries over debt in Greece and Dubai, putting more pressure on the European currency.

The EUR held steady at $1.4525 in early Asian trade, after falling nearly 1% the previous day and hitting $1.4503; its lowest since early October. Against the British Pound, the EUR traded at 89.35 pence from 89.36 yesterday when it dropped 0.6%. The European currency may fall for a 5th day versus the Pound as Greece struggles to address concerns that it isn’t doing enough to reduce its debt, and as Austria has nationalized Hypo Alpe-Adria Bank International AG.

Demand for the EUR broadly weakened after a European Central Bank (ECB) council member said he sees no need to raise Interest Rates in the first half of 2010 as inflation pressures stay muted. A report by Austria’s Die Presse which said monetary authorities had put Oesterreichische Volksbanken, the nation’s No. 4 bank, on a watch list also knocked the EUR. The bank said the report was inaccurate. Still, risk-averse traders sold the currency following the report, which came a day after Vienna said it would nationalize one of its banks to avoid a collapse.

JPY – JPY Falls on Dubai Default Concerns

The Japanese yen fell against 12 of its 16 major counterparts as easing concern of a default in Dubai curbed demand for the Japanese currency. Abu Dhabi yesterday pledged $10 billion of aid to Dubai, allowing Dubai World’s real-estate unit to avoid default on $4.1 billion of bond payments.

With a vast majority of economic news today focusing on Europe and the United States, the Japanese Yen may take a backseat to today’s other major currencies. If the USD can hold its recent strength, and if the EUR continues to fall amid international concerns such as Greece and Dubai’s recent woes, then the JPY may also continue its recent trends.

Crude Oil – Crude Advances on U.S. Industrial Output

Oil prices were near $71 a barrel Wednesday, after rising for the first time in 10 days, on a report that U.S. factories churned out more goods in November than anticipated, a signal that fuel demand will increase.

Crude Oil traded at $70.78 a barrel, up 9 cents. Yesterday, the commodity rose $1.18, or 1.7%, to settle at $70.69. Oil gains were pared after the American Petroleum Institute reported yesterday that crude inventories rose by 924,000 barrels last week.

Crude Oil posted a 1.7% gain, ending a 9-session losing streak, as the Organization of Petroleum Exporting Countries (OPEC) lifted its global demand forecast. Traders also bet on a drop in U.S. inventories but the API estimated these rose by 924,000 barrels last week. The Energy Information Administration will release its more closely followed report Wednesday at 15:30 GMT.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend up down down down down no
Weekly Trend down down up up down down
Resistance 1.4643 1.6334 90.36 1.0508 0.9037 0.9009
1.4611 1.6302 90.03 1.0476 0.9016 0.8988
1.4580 1.6271 89.72 1.0445 0.8995 0.8967
Support 1.4498 1.6208 89.11 1.0384 0.8954 0.8925
1.4466 1.6177 88.80 1.0352 0.8931 0.8903
1.4432 1.6146 88.48 1.0321 0.8910 0.88.81

Technical News

EUR/USD

This pair is giving off mixed signals between the hourly and 4-hour charts. On the hourly side there appears to be a bearish cross on the Stochastic (slow) while the RSI has also entered the over-bought territory. However, the 4-hour chart shows the RSI in the over-sold territory and a fresh bullish cross on the Stochastic (slow). This pair is definitely awaiting a volatile movement with tightening Bollinger Bands on the hourly chart, but the direction is uncertain. Waiting for a clearer signal may be a wise choice.

GBP/USD

With many indicators floating in the neutral territory, and as this pair continues to float inside a flat trading range, it may also be wise to wait for a more clear indication of direction. However, there do appear to be bullish crosses on both the hourly and 4-hour MACDs, which suggest an impending upward movement. Going long may not be a bad tactic for the next few hours.

USD/JPY

There appear to be fresh bearish crosses on the hourly and 4-hour MACD indicators, suggesting an impending bearish move. Another bearish cross has been completed on the 4-hour Stochastic (slow) and the price is now slowly cascading downward. Going short today may be the best strategy.

USD/CHF

The price of this pair appears to be floating in the over-bought territory on the 4-hour RSI, suggesting downward pressure. With bearish crosses on the hourly and 4-hour MACD, as well as on the 4-hour Stochastic (slow), a downward movement seems imminent. Going short may be a good choice.

The Wild Card

GBP/CHF

The Bollinger Bands on the hourly chart have begun to tighten which suggests a volatile movement is impending. There appear to be fresh bearish crosses on the 4-hour and daily charts’ Stochastic (slow) and the price is also floating in the over-bought territory on the daily RSI, all suggesting a strong bearish expectation. Forex traders won’t want to miss out on what appears to be an imminent downward movement on this pair.

// Popularity: 4% [?]

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    Economic News USD – Dollar Retreats after 3 Week’s Rally The U.S dollar advanced against the EUR Thursday on speculation U.S. investors are bringing back overseas funds toward year-end and…
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    Economic News USD – Unemployment Claims Report on Tap – Will USD Weakness Continue? The Dollar hit a 15-month low against major currencies on Wednesday on the view that U.S. Interest Rates…
  • December 20, 2009 — Currency News – Monday, 14 December 2009 (0)
    Economic News USD – Dollar Continues to Strengthen The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the…
  • November 29, 2009 — Currency News – Friday, 27 November 2009 (0)
    Economic News USD – Dollar Rebounds From 14-year Low vs. Yen The U.S. Dollar rebounded versus most major rivals Thursday, benefiting from safe-haven flows amid fears of a potential sovereign …
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    Economic News USD – Bernanke Statements Diminish USD in Short-Term; Strength Ahead? Following the USD’s minor slide in yesterday’s trading, it appears the greenback has started to re…
  • December 20, 2009 — Currency News – Thursday, 17 December 2009 (0)
    Economic News USD – Dollar Makes Big Gains Following FED Statement The USD got another boost Wednesday evening after the Federal Reserve Bank (FED) issued a statement saying that there are defin…
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    Economic News USD – Dollar Climbs to Three Month High Versus the EUR The Dollar once again made large gains against a basket of currencies during Thursday’s trading, climbing to a new thre…
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    Economic News USD – Dollar Slides Amid Increased Investor Risk Taking Following an upbeat trading day Wednesday on the U.S. stock market, the Dollar slid against its major counterparts for the f…
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    Economic News USD – USD Falls Amid Gains In The Stock Market Following Monday’s announcement that existing U.S. home sales in November were better then forecasted, Wall Street had an impre…
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    Economic News USD – Dollar Continues to Weaken Following Disappointing Data The Dollar continued to weaken during last week’s trading session. The Dollar extends its slow yet steady slide …
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    Economic News USD – Dollar Take Losses Following Home Sales Report According to a new report released yesterday, new home sales in the U.S. have fallen to a 7-month low. Despite the numerous po…
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    Economic News USD – Dollar Tumbles on All Fronts The U.S. Dollar fell against all of its major currency pairs yesterday. This was in response to traders dropping the USD, as stocks climbed after…
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Currency News – Thursday, 17 December 2009 December 20th, 2009

Economic News

USD – Dollar Makes Big Gains Following FED Statement

The USD got another boost Wednesday evening after the Federal Reserve Bank (FED) issued a statement saying that there are definite signs that the American economy is on its way to recovery. While the FED stopped short of raising record low interest rates, the positive statement was enough to boost the Dollar against both the EUR and Yen.

Going into trading today, Dollar levels will most likely be effected by this weeks U.S. unemployment claims, set to be released at 13:30 GMT. With most analysts predicting a number around 465K, the news should be good for the greenback, as it would be relatively unchanged from last week’s figure. That being said, if the figure unexpectedly jumps and lands at around the 500K level, investors may lose faith in the pace of the American recovery. This may lead to a decline in the USD, and would result in positive gains for the EUR.

EUR – EUR Drops Below $1.4500

The EUR fell well below the psychologically important 1.4500 mark against the U.S. Dollar in early morning trading, and is currently trading around the 1.4465 level. The decline in value for the European currency can largely be attributed to continuous debt concerns among several Euro nations, as well as the upbeat news coming out of America.

Against the Yen, the EUR dropped in early morning trading, and is currently priced at 129.92. With most investors flocking to the safe haven currencies such as the Dollar and Yen, the EUR/JPY pair may decrease further today.

With no major news events regarding the Euro scheduled for today, traders will have to look to other sources to determine which way the troubled currency is headed. The U.S. unemployment figures are one indicator. If the figures come in as expected and investors are encouraged by America’s pace of recovery, the Euro will likely drop further in afternoon trading. On the other hand, the Euro does stand to make gains if the figures come in at above the forecasted number.

JPY – Yen Takes Losses Against the Dollar

The Yen was also negatively affected by the Dollar’s most recent gains and is currently being traded above 90.00 against the greenback. The Yen is looking better against the Euro, as levels fell to approximately 129.80 in early morning trading.

Looking ahead, the Yen will likely remain at its current levels, as the Japanese government is aiming to keep its value low in order to boost their export industry. That being said any negative economic indicators that may come out of the U.S. would likely lead to a positive impact on the JPY.

Crude Oil – Oil Prices Rise as Inventories Fall

Following a report from the U.S. Department of Energy showing a decline in crude oil supplies, prices shot up and are now being traded at over $74.00 a barrel. While analysts were predicting a decline in supplies, the published figure was well over a million more barrels then forecasted.

Further driving up oil prices was general instability in the Middle East, especially the continuing standoff with Iran over its nuclear program. Looking ahead, prices will likely remain at their current levels for some time, as it appears that no major breakthroughs with Iran are expected to occur in the near future. Traders should pay attention to any major news events coming out of the Middle East, as they are likely to affect the price of crude oil.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend down no up up down down
Weekly Trend down down up up down down
Resistance 1.4480 1.6325 90.90 1.0545 0.8970 0.8935
1.4460 1.6305 90.70 1.0525 0.8950 0.8915
1.4430 1.6275 90.40 1.0495 0.8920 0.8885
Support 1.4370 1.6215 89.80 1.0435 0.8860 0.8825
1.4340 1.6185 89.50 1.0405 0.8830 0.8795
1.4320 1.6165 89.30 1.0385 0.8810 0.8775

Technical News

EUR/USD

The EUR/USD cross has experienced a bearish trend for the past 2 weeks. However, it seems that this trend may be coming to an end. The RSI of the daily chart shows the pair floating in the over-sold territory, indicating that an upward correction will happen anytime soon. Going long with tight stops might be a wise choice.

GBP/USD

The price of this pair appears to be floating in the over-sold territory on the daily chart’s RSI indicating an upward correction may be imminent. The upward direction on the hourly chart’s Momentum oscillator also supports this notion. When the upward breach occurs, going long with tight stops appears to be preferable strategy.

USD/JPY

The bullish trend is loosing its steam and the pair seems to consolidate around the 90.10 level. The 4 hour chart’s RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops might be a wise choice.

USD/CHF

The USD/CHF cross has been experiencing much bullish behavior in the past 2 weeks. However, there is much technical data that supports a bearish move for today. The RSI of the daily and 4-hour charts indicates that the pair floats in the overbought territory, leading to the conclusion that a downward correction is imminent. Going short with tight stops may turn out to pay off today.

The Wild Card

GBP/CHF

GBP/CHF sustained upward movement has finally pushed its price into the over-bought territory on the daily chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.

// Popularity: 4% [?]

forx news

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    Economic News USD – USD Mixed Against Major Currencies The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The d…
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Currency News – Friday, 18 December 2009 December 20th, 2009

Economic News

USD – Dollar Climbs to Three Month High Versus the EUR

The Dollar once again made large gains against a basket of currencies during Thursday’s trading, climbing to a new three month high. Fueling the appreciation of the dollar were fears of Greece defaulting on their sovereign debt as traders looked to avoid the euro. Analysts are also forecasting just when the Fed will initiate its tightening of U.S. monetary policy.

Today the dollar rose by more than 0.9% versus the euro to close at 1.4389, up from an opening price of 1.4522. Driving the change in the exchange rate was the downgrade of Greek sovereign debt by the rating agency, S&P. The firm also warned of potential future downgrades unless major changes to the fiscal status of the nation are undertaken. The downgrade of Greece is weighing on the EUR as traders are now looking at the U.S. economy in a better light relative to the European economy. This is also causing traders to reexamine the potential of the Federal Reserve to increase interest rates. No change was made at the conclusion of the FOMC meeting on Wednesday; however, with the rally of the U.S. dollar, the Fed may reevaluate its decision at it next meeting.

Friday’s trading will be highlighted with a glut of news events and economic data releases from the Euro-zone. The prime market mover will be the German Ifo Business Climate. The survey from manufactures, builders, and retailers is highly respected and shows a high correlation with the German economy. The indicator is s scheduled to be released at 4:00am GMT. The trend of the strengthening dollar may continue into today’s trading day with the EUR/USD seeing a significant support level at 1.4270.

EUR – Greek Sovereign Debt Sinks the EUR

Traders and economists alike are taking a hard second look at the European economy after S&P downgraded the sovereign debt of Greece yesterday. This is causing a shift of opinion on which economy is recovering from the recent recession faster; the U.S. or Europe?

As the debate rages, currency traders are showing their true colors. Some feel the EUR’s run may have extended too far as the EUR/USD climbed to a height of 1.5143 in late November. Since then the pair has fallen and is now trading below the 1.4350 level. Causes of this have been an improvement in U.S. economic sentiment, a potential tightening of U.S. monetary policy and rising interest rates, and the view of overall weakness in the EU economy.

While the stronger economies of Germany and France seem to be pulling out of the economic recession due to large government stimulus packages and previous EUR weakness, the smaller, less fiscally responsible nations of Greece, Spain, and Austria may hold the Euro-zone economy back in its recovery when compared to U.S. One advantage the United States has over the European Union, when it comes to fiscal responsibility national cohesion with only one decision making body in the federal government.

JPY – Yen Rises Against Dollar Where Others Fail

Despite the dollar’s appreciation yesterday against most major currencies, the Yen showed significant strength as the USD/JPY dropped 0.7% and is now trading at 89.5656. In earlier trading, the pair failed to break the significant 89.00 support line.

Japanese officials worry that a strong Yen may have an adverse affect on the Japanese economy. Yesterday, comments were made from deputy Prime Minister Kan, noting he supports a weak yen. A weakening yen could be a blessing to Japan. A falling yen would make Japanese exports cheaper on the world markets, thereby boosting the economic recovery of the island nation and avoiding a second recession.

Crude Oil – Dollar Strength may be putting a Dent in Crude Prices

Crude oil prices were seen falling yesterday but were able to regroup and finish the day even as the dollar rose against the EUR. Prices fell to a low of $72.87 from $74.79 yesterday as the dollar rose against the EUR 0.9%. Crude prices have typically moved in the opposite direction of the dollar’s movement. While this proved to be a positive for crude oil prices during times of dollar weakening, the dollar’s recent bullish run could put a dent in crude oil’s price appreciation.

As economic sentiment improves in the U.S., crude traders may feel the pinch of a stronger dollar. This is natural as the price of crude oil is denominated in U.S. dollars. A rising dollar makes crude prices more expensive and less attractive. A rise in U.S. interest rates would also be a negative for crude oil. With these factors, we could see crude oil drop back down to a fair value of $70.

EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend no down down down no up
Weekly Trend down down up up down down
Resistance 1.4460 1.6250 90.55 1.0500 0.8960 0.8970
1.4440 1.6230 90.35 1.0480 0.8940 0.8950
1.4410 1.6200 90.05 1.0450 0.8910 0.8920
Support 1.4350 1.6140 89.45 1.0390 0.8850 0.8860
1.4320 1.6110 89.15 1.0360 0.8820 0.8830
1.4300 1.6090 88.95 1.0340 0.8800 0.8810

Technical News

EUR/USD

The price of this pair appears to be floating in the over-sold territory on the daily chart’s RSI indicating an upward correction may be imminent. The upward direction on the hourly chart’s Momentum oscillator also supports this notion. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.

GBP/USD

The 4-hour chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops might be the right strategy today.

USD/JPY

The pair has been range-trading for a while now, with no specific direction. The Daily chart’s Slow Stochastic providing us with mixed signals. All oscillators on the 4 hour chart do not provide a clear direction as well. Waiting for a clearer sign on the hourlies might be a good strategy today.

USD/CHF

The pair has recorded much bullish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, the daily chart’s Stochastic Slow signals that a bearish reversal is imminent. . Going short with tight stops might be a wise choice.

The Wild Card

Gold

Gold prices are once again dropping, and it is currently traded around $1105.40 per ounce. And now, the daily chart’s RSI is giving bullish signals, indicating that gold prices might go up. This might give forex traders a great opportunity to enter a very popular trend.

// Popularity: 4% [?]

forx news

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  • December 20, 2009 — Currency News – Wednesday, 16 December 2009 (0)
    Economic News USD – Dollar Trades Higher vs. EUR on Rate Outlook The U.S dollar held near a 2-? month high on the EUR and kept a firmer footing against the Japanese yen on Wednesday as the marke…
  • December 20, 2009 — Currency News – Friday, 11 December 2009 (0)
    Economic News USD – USD Mixed Against Major Currencies The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The d…
  • November 29, 2009 — Currency News – Friday, 27 November 2009 (0)
    Economic News USD – Dollar Rebounds From 14-year Low vs. Yen The U.S. Dollar rebounded versus most major rivals Thursday, benefiting from safe-haven flows amid fears of a potential sovereign …
  • November 26, 2009 — Currency News – Thursday, 26 November 2009 (0)
    Economic News USD – Dollar Falls to a 15 Month Low The dollar dropped to a 15-month low against most of its major currency pairs yesterday, as generally upbeat U.S. economic data and gains in…
  • November 26, 2009 — Currency News – Wednesday, 25 November 2009 (0)
    Economic News USD – Dollar Sentiment Pressured by Fed Comments The USD held on to modest gains Tuesday as equities and commodities declined. However, pressure on Dollar sentiment came following …
  • November 21, 2009 — Currency News – Wednesday, 11 November 2009 (0)
    Economic News USD – Dollar Recovers modestly off 15-mth Lows The U.S Dollar edged up on Tuesday, reversing some of its recent losses but staying close to a 15-month low against a currency basket…
  • December 20, 2009 — Currency News – Thursday, 17 December 2009 (0)
    Economic News USD – Dollar Makes Big Gains Following FED Statement The USD got another boost Wednesday evening after the Federal Reserve Bank (FED) issued a statement saying that there are defin…
  • November 26, 2009 — Currency News – Tuesday, 24 November 2009 (0)
    Economic News USD – USD Falls Amid Gains In The Stock Market Following Monday’s announcement that existing U.S. home sales in November were better then forecasted, Wall Street had an impre…
  • November 26, 2009 — Currency News – Monday, 23 November 2009 (0)
    Economic News USD – Is the Dollar Recovering? The Dollar corrected some of its losses against the Euro and the Pound during last week’s trading session. The Dollar gained about 200 pips a…
  • November 21, 2009 — Currency News – Thursday, 19 November 2009 (0)
    Economic News USD – Dollar Retreats after 3 Week’s Rally The U.S dollar advanced against the EUR Thursday on speculation U.S. investors are bringing back overseas funds toward year-end and…
  • November 21, 2009 — Currency News – Wednesday, 18 November 2009 (0)
    Economic News USD – Bernanke Statements Diminish USD in Short-Term; Strength Ahead? Following the USD’s minor slide in yesterday’s trading, it appears the greenback has started to re…
  • November 21, 2009 — Currency News – Friday, 13 November 2009 (0)
    Economic News USD – Dollar Rises on Geithner Comments The Dollar broke its recent trend yesterday, as the greenback strengthened against the EUR. Calls by Pacific nations for the Dollar to appre…
  • November 21, 2009 — Currency News – Thursday, 12 November 2009 (0)
    Economic News USD – Unemployment Claims Report on Tap – Will USD Weakness Continue? The Dollar hit a 15-month low against major currencies on Wednesday on the view that U.S. Interest Rates…
  • November 21, 2009 — Currency News – Tuesday, 10 November 2009 (0)
    Economic News USD – Dollar Falls on Higher Risk Appetite The Dollar fell dramatically on Monday against a basket of currencies on higher risk appetite. This included slipping to a 3-month low vs…
  • December 20, 2009 — Currency News – Monday, 14 December 2009 (0)
    Economic News USD – Dollar Continues to Strengthen The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the…
  • December 20, 2009 — Currency News – Thursday, 10 December 2009 (0)
    Economic News USD – Dollar Slides Amid Increased Investor Risk Taking Following an upbeat trading day Wednesday on the U.S. stock market, the Dollar slid against its major counterparts for the f…
  • December 20, 2009 — Currency News – Tuesday, 15 December 2009 (0)
    Economic News USD – Dollar Falls on Dubai Bailout The dollar slipped slightly against most of its major counterparts on Monday after Dubai’s announcement it had received help from Abu Dhab…
  • December 25, 2009 — Currency News – Thursday, 24 December 2009 (0)
    Economic News USD – Dollar Take Losses Following Home Sales Report According to a new report released yesterday, new home sales in the U.S. have fallen to a 7-month low. Despite the numerous po…
  • December 23, 2009 — Currency News – Wednesday, 23 December 2009 (0)
    Economic News USD – Dollar Moves Higher on Positive Economic Data Yesterday’s trading had the dollar climbing higher against a basket of currencies after data released from the States sug…
  • December 12, 2009 — Dollar Gains As The Markets Become Cautious (0)
    By Mercaforex USD: With little in the way of economic data from the U.S. on Tuesday, the USD continued to get stronger against both the EUR and GBP. The greenback continued to get stronger as Wall…
  • November 21, 2009 — Currency News – Tuesday, 17 November 2009 (0)
    Economic News USD – Dollar Tumbles on All Fronts The U.S. Dollar fell against all of its major currency pairs yesterday. This was in response to traders dropping the USD, as stocks climbed after…
  • November 21, 2009 — Currency News – Monday, 16 November 2009 (0)
    Economic News USD – Dollar Continues to Weaken Following Disappointing Data The Dollar continued to weaken during last week’s trading session. The Dollar extends its slow yet steady slide …
  • December 23, 2009 — Currency News – Monday, 21 December 2009 (0)
    Economic News USD – Dollar’s Rally Continues The Dollar continued its rally last week. The Dollar strengthened against all the major currencies during last week’s session. The EUR/U…
  • December 23, 2009 — Currency News – Tuesday, 22 December 2009 (0)
    Economic News USD – Dollar Continue to Strengthen Against Rivals The Dollar was up again most major rivals Monday on expectations of continuing improvement in the U.S economy ahead of this week…
  • November 21, 2009 — The Most Traded Forex pairs (0)
    As  you know, the Forex currency market is based on the buying and selling of currencies of certain countries. It is based on the exchange rate; This means the purchase of one currency in exchange for…
  • November 26, 2009 — Market News (0)
    Daily Market Commentary for November 25, 2009 Market News Stocks were rising this morning after market news and a better than expected report on weekly jobless claims. (Read more at Millennium-T…
  • November 24, 2009 — USD Volcano Erupted On Friday (0)
    By Mercaforex Analysis is subjective at best and there is no scientific absolute one can bring forth through quantitative mathematical formulas to show why markets moved in any particular fashion. …
  • November 15, 2009 — Wal-Mart (0)
    Daily Market Commentary for November 12, 2009 Wal-Mart Retail giant Wal-Mart reported its earnings for the third-quarter rose by over 3%, however the company issued disappointing forecasts for …
  • November 15, 2009 — Reading a Forex Quote (0)
    Total newbies to the foreign exchange market can find reading a Forex quite intimidating (even baffling) at first. In fact, this is the most common initial hurdle. The quote is brief, but it packs in …
  • December 20, 2009 — Earnings (0)
    Daily Market Commentary for December 18, 2009 Earnings Earnings reports from technology companies sparked trader’s attention, sending stocks soaring. (Read more at Millennium-Traders.Com) Eco…
  • December 12, 2009 — Foreclosures (0)
    Daily Market Commentary for December 10, 2009 Foreclosures Foreclosures were on the fall again this month, making it the fourth straight monthly decline. (Read more at Millennium-Traders.Com) …
  • December 12, 2009 — Retail Sales Trend (0)
    Daily Market Commentary for December 11, 2009 Retail Sales Trend Retail sales trends have been better than expected for two straight months, leading analysts to believe sales will be up in Decem…
  • December 6, 2009 — Job Market (0)
    Daily Market Commentary for December 4, 2009 Job Market Investors finally got the news they were looking for this morning when the Labor Department released it’s highly anticipated report on the…
  • November 24, 2009 — Gold Prices Today (0)
    Daily Market Commentary for November 23, 2009 Gold Prices Today Gold prices today hit yet another new record high; analysts don’t expect to see it stop anytime soon. (Read more at Millennium-Tra…
  • November 22, 2009 — Joblessness Hampers Recovery Hope (0)
    By Mercaforex USD: The life of the USD was given another breath of oxygen on Wednesday as the U.S. stock indexes went south. After three days of gains from Wall Street, share values dropped yester…
  • November 21, 2009 — Top 10 Favorites on DailyFX.com (0)
    DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched last week. DailyFX is constantly expanding and improving…
  • November 21, 2009 — Bear Market (0)
    Daily Market Commentary for November 20, 2009 Bear Market Stocks opened lower today extending the two-day bear market; investors focused their attention towards the technology sector, they showe…
  • November 15, 2009 — Trade Deficit (0)
    Daily Market Commentary for November 13, 2009 Trade Deficit Stocks rose slightly today as the Commerce department reported a larger-than-expected increase in the trade deficit, topping analysts…
  • December 6, 2009 — United World Capital – uwcfx.com (0)
    http://www.uwcfx.com United World Capital Limited Ioanni Prodromou 31, Yioupis Tower 3rd Floor, Mesa Geitonia Postal Code: 4002 – Limassol, Cyprus Why Choose UWC Our clients demand best prac…