TABLE-Bangladesh key economic indicators – Dec 18 Dec 18 ——————————————————– DAILY INDICATORS Read more on Reuters via Yahoo! Singapore News TABLE-Bangladesh key economic indicators – Dec 18 Dec 18 ——————————————————– DAILY INDICATORS Read more on Reuters via Yahoo! Asia News Weekly Trading Forecast – 12.20.2010 Euro Prepares for an Eventful January as Fiscal Crises Unresolved Japanese Yen Vulnerable As BoJ Meets to Discuss Additional QE British Pound: Will the BoE Minutes Add Color to the Bearish Picture? Read more on Daily FX via Yahoo!…. Click Here to Read More
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Archive for the ‘Forex News’ Category
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FX Technical Weekly
December 17th, 2010 
kk FX Technical Weekly After slipping early in the week, the US dollar found its footing to close near its highs of the week. EURUSD focus remains on 12970. The GBPUSD has broken to a 12 week low and targets 15300. Read more on Daily FX via Yahoo! Finance USD/CAD’s Failed Test of Parity Increasing Upside Risks The USD/CADs failed test of parity led me into a small short position as I continue to wait for a break above the 20-Day SMA at 1.0116 to become more aggressive. Improving U.S. fundamentals continues to fuel yield expectations as Fed pump priming and additional fiscal stimulus raises the outlook for future growth and inflation. As long as the growth picture improves greenback…. Click Here to Read More
EUR/JPY Classical 12.16
December 16th, 2010 kk EUR/JPY Classical 12.16 EUR/JPY: After spending a short amount of time back below the daily Ichimoku cloud, the market has since recovered and major basing prospects remain intact. Look for a higher low to now be firmly in place by 108.35, with a break back above the top of the cloud in the 113.50 area to confirm upside bias and accelerate gains. For now we remain on the sidelines. Written by Joel Kruger, Technical … Read more on Daily FX via Yahoo! Finance USD/JPY Classical 12.16 USD/JPY: Although the market continues to recover with prospects for a material base looking more and more encouraging following the recent break back above the daily Ichimoku cloud, inability to…. Click Here to Read More
New Zealand Dollar Consolidates
December 15th, 2010 kk New Zealand Dollar Consolidates 240 Minute Bars Prepared by Jamie Saettele The NZDUSD carved out a key reversal in November (and also sports its own head and shoulders top) . My preferred wave count treats price action since the October 2009 high as a flat with wave B of the flat either complete now or completing this month. The next large move is lower in wave C to below 6560. A drop below 7400 would shift focus to 6950 … Read more on Daily FX via Yahoo! Finance AUD/USD Classical 12.15 AUD/USD: After confirming a major head & shoulders top that projects weakness down towards the 0.9100 figure over the shorter-term, the market has since bounced back above parity. Read more on…. Click Here to Read More
Metals May Continue to Decline on Yields
December 14th, 2010 kk Metals May Continue to Decline on Yields Gold fell 2% last week after US Treasury yields spiked almost 50 basis points. It is unlikely that yields will continue to rise so rapidly and it will be interesting to see whether gold continues to decline if yields merely maintain their new levels. Read more on Resource Investor USD Graphic Rewind: Dollar Index Climbs on US Data, Ahead of FOMC The dollar index locked up its strong week of gains on Friday as solid US data boosted the buck…. Read more on Daily FX via Yahoo!…. Click Here to Read More
Lastest Forex News
December 12th, 2010 kk Weekly Trading Forecast – 12.13.2010 US Dollar: FOMC Could Drive Volatility, but Watch the S&P 500 Euro Will Remain Under Constant Pressure between Ireland and Merkel British Pound Threatened as Risk Aversion Gathers Steam Japanese Yen To Face Increased Volatility On FOMC, Investment Flows Gold to Decline as Traders Take Profits on QE-Linked Exposure Canadian Dollar Will Take Cue from Crude as Global Themes Dominate Australian … Read more on Daily FX via Yahoo! Finance Prince William Breaks The Record For The Biggest ForEx Trade Ever William brokered a ~$ 22 billion FX trade between Barclays and Credit Suisse on the phone at the ICAP London office on Wednesday. And he had SO…. Click Here to Read More
Lastest Forex News
December 11th, 2010 kk Australian Dollar Stll Bearish Daily Bars Prepared by Jamie Saettele The AUDUSD rally above 9953 most likely completed a large flat as wave 2 (or B). Like the EURUSD, the decline is expected to accelerate in a 3 rd wave. 9700 may serve as short term support. DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and … Read more on Daily FX via Yahoo! Finance Dollar Ends Friday with a Whimper but There is Risk and Euro-Based Volatility Potential Next Week As if to drive home the point that the combination of December seasonality and the weekend liquidity drain would present a…. Click Here to Read More
Australian, NZ dollars burnt by fired-up greenback
December 10th, 2010 kk Australian, NZ dollars burnt by fired-up greenback MARKETS-AUSTRALIA/FOREX:Australian, NZ dollars burnt by fired-up greenback Read more on Yahoo!7 Finance CME Group Announces the Launch of Three Additional E-Micro Forex Futures Contracts CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of three new E-micro Forex futures contracts scheduled for Sunday, December 19, for trade date Monday, December 20. Read more on PR Newswire via Yahoo! Finance EURUSD: Stay Short, Aiming Below 1.30 Strategy: Short at 1.3228, Targeting 1.2971 Weekly Profit / Loss: -19 pips We re-entered short EURUSD having booked profits on the first leg of…. Click Here to Read More
FOREX-Euro rallies vs dollar but further gains limited
December 8th, 2010 kk FOREX-Euro rallies vs dollar but further gains limited * U.S. payrolls weigh on dollar, euro rallies 3rd day * ECB bond buying, euro-zone data underpin euro * Dollar/yen falls to 2-1/2 week low (Updates prices, adds quotes, changes byline) NEW YORK, Dec 3 … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance FOREX-Euro rallies vs dollar but further gains limited * U.S. payrolls weigh on dollar, euro rallies 3rd day * ECB bond buying, euro-zone data underpin euro * Dollar/yen falls to 2-1/2 week low By Julie Haviv NEW YORK, Dec 3 – The euro rallied sharply versus the dollar on Friday after weak U.S. jobs data, gaining for a third straight day, but the single currency…. Click Here to Read More
Lastest Forex News
December 7th, 2010 kk Turkish lira gains unfortunate -Finance Minister ISTANBUL, Dec 7 (Reuters) – Turkey’s Finance Minister Mehmet Simsek regretted the strength of the lira in a newspaper interview published on Tuesday, and repeated that measures to curb inflows of foreign funds could not be ruled out. Read more on Reuters via Yahoo! Philippines News Turkish lira gains unfortunate -Finance Minister ISTANBUL, Dec 7 (Reuters) – Turkey’s Finance Minister Mehmet Simsek regretted the strength of the lira in a newspaper interview published on Tuesday, and repeated that measures to curb inflows of foreign funds could not be ruled out. Read more on Reuters via Yahoo! Singapore News FOREX-Euro pauses…. Click Here to Read More
Lastest Forex News
December 6th, 2010 kk Foreign buying of S.Korea bonds falls in Nov on MSBs * Monetary stabilisation bonds in net outflows Read more on Reuters via Yahoo! Malaysia News Australia shares flat, miners up as Riversdale jumps MARKETS-AUSTRALIA-STOCKS/ (UPDATE 1):Australia shares flat, miners up as Riversdale jumps Read more on Yahoo!7 Finance FOREX-Euro punished, hits 2-1/2-month low vs U.S. dollar * Euro on track for worst monthly performance since May * Contagion fears weigh as peripheral bond spreads widen * Euro implied volatilities rise (Updates prices, adds comment, changes byline) NEW YORK, … Read more on Reuters UK Focus via Yahoo! UK & Ireland…. Click Here to Read More
Euro Resistance at 13400
December 5th, 2010 kk Euro Resistance at 13400 60 Minute Bars Prepared by Jamie Saettele The strong counter trend rally is materializing as expected and levels to expect resistance are 13375 and 13475 (50% and 61.8% levels). 13400 reinforces the 50% level as the 161.8% extension of the 12968-13181 rally. The larger trend is down against 13785. DailyFX provides forex news on the economic reports and political events that influence the … Read more on Daily FX via Yahoo! Finance FOREX: Euro to Extend Losses as Jobs Data Underscores Internal Rift The Euro and the British Pound were little changed in overnight trade, inching 0.1 percent apiece lower against the US Dollar. We remain long the US Dollar…. Click Here to Read More
