Currencies: Dollar falls; Bernanke pushes yields down The greenback weakens as Federal Reserve chief Ben Bernanke reiterates his optimism about the U.S. economy. Read more on Market Watch Australia shares inch up; ASX, CBA shore up market MARKETS-AUSTRALIA-STOCKS (UPDATE 2):Australia shares inch up; ASX, CBA shore up market Read more on Yahoo!7 Finance GBP/USD Classical 02.08 GBP/USD: Bearish reversal formations don’t get much prettier than the one seen last Thursday with the market putting in a bearish outside day after stalling out just ahead of key psychological barriers and range resistance by 1.6300. The formation is almost too pretty, but a break and close below…. Click Here to Read More
Archive for the ‘Forex News’ Category
Lastest Forex News
February 8th, 2011 
kk UPDATE 2-U.S. Treasury: Can’t say China a forex manipulator * U.S. Treasury’s pass on yuan leaves festering issue * Geithner now must push at G20 for currency action * Situation complicated since China is top U.S. creditor * Treasury decision angers U.S. lawmakers … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance UPDATE 3-U.S. Treasury: Can’t say China a forex manipulator * U.S. Treasury’s pass on yuan leaves festering issue * Geithner now must push at G20 for currency action * Situation complicated since China is top U.S. creditor * Angry lawmakers vow to retaliate … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance USDCAD: Bulls Fail to…. Click Here to Read More
Lastest Forex News
February 7th, 2011 kk What’s the correlation between currency and stocks The outlook on rupee is bearish as well. But a turnaround can lead to stock market recovery. Read more on rediff.com Rupee opens 2 paise lower against US dollar Mumbai, Feb 3 (PTI) The Indian rupee opened 2 paise lower at Rs 45.64 per US dollar in early trade on the Interbank Foreign Exchange today amid demand for the American currency from importers and appreciation of the greenback against other currency rivals overseas.The rupee had strengthened by 13 paise to Rs 45.62/63 per dollar in the previous session.Forex dealers said gains registered by the … Read more on PTI via Yahoo! India News Euro, dollar steady before US…. Click Here to Read More
Sterling dips on profit taking after U.S. payrolls
February 6th, 2011 kk Sterling dips on profit taking after U.S. payrolls * Dollar rallies broadly, boosted on rate differential * Pound supported on BoE rate rise speculation LONDON, Feb 4 (Reuters) – Sterling dipped on Friday,stumbling against a broadly rallying dollar in … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance Correlation between currency and stocks The outlook on rupee is bearish as well. But a turnaround can lead to stock market recovery. Read more on Business Standard India Maruti expects dip in demand Maruti Suzuki fears a drop in demand for the auto sector in FY 12 Read more on rediff.com EURUSD: Sellers Poised For a Comeback As we suspected , the Euro…. Click Here to Read More
Sterling dips on profit-taking ahead of US jobs data
February 5th, 2011 kk Sterling dips on profit-taking ahead of US jobs data * Sterling dips on profit-taking, focus on U.S. jobs data * Halifax 0.8 pct Jan house price rise above forecasts * Pound supported as markets look for BoE rate hike in May LONDON, Feb 4 (Reuters) – Sterling … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance USD/CHF Classical 02.03 USD/CHF: Although the market remains under some intense pressure with the latest declines stalling just shy of the late 2010 record lows at 0.9300, inability to establish fresh record lows on Wednesday followed by a break back above 0.9400 leaves us somewhat constructive with our outlook from here. Read more on Daily FX The Rosen…. Click Here to Read More
Euro 61.8% Retracement Holds Strong – Euro is Vulnerable
February 3rd, 2011 kk Euro 61.8% Retracement Holds Strong – Euro is Vulnerable The EURUSD may have finally topped as the 61.8% has acted as a strong impediment to gains over the last few days. There is little doubt in my mind that this advance from 12873 is countertrend and will be entirely retraced in an extremely sharp manner. Read more on Daily FX USDJPY: Indecision Persists Above 82.00 USDJPY remains wedged between a falling trend line set from December’s swing high and horizontal support at the 82.00 figure. Our overall bias has favored the bullish scenario since prices broke out of a falling channel established in early 2010 , but current positioning doesn’t offer an actionable trade signal…. Click Here to Read More
U.S. Durable Goods Orders Drop 2.5 Percent in December
February 2nd, 2011 kk U.S. Durable Goods Orders Drop 2.5 Percent in December Durable Goods orders in the world’s largest economy plunged 2.5 percent in December after falling a revised 0.1 percent the month prior amid economists’ expectations of a 1.5 percent rise. Read more on Daily FX FX Headlines: Euro Zone Economic Confidence Slightly Falls in January, Focus Shifts to U.S. Durable Goods Orders Eurozone economic confidence in January 106.5 from a revised 106.6 the month prior amid economists’ expectations of 106.7. At the same time, industrial confidence rose Read more on Daily FX After Deluge of European Data Picture Starts to Look Brighter; German Unemployment Headlines German unemployment…. Click Here to Read More
EUR/CHF Classical 01.28
February 1st, 2011 kk EUR/CHF Classical 01.28 EUR/CHF: It looks as though a material base has now carved out by record lows set a few days back by 1.2400, with the market in the process of unwinding from oversold studies and triggering an inverse H&S pattern formation that has opened the latest gains to the measured move pattern objective by 1.3000. From here any setbacks should be well supported by previous neckline resistance now turned … Read more on Daily FX Nigeria: Sanusi Vows to Bring Inflation to Single Digit The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Thursday restated the desire of the apex bank to deal with the double digits inflation rate in the…. Click Here to Read More
USD/CAD Classical 01.27
January 30th, 2011 kk USD/CAD Classical 01.27 USD/CAD: The market has been under some intense pressure and after managing to match the 2010 lows from April on the final day of the year, has now extended declines to fresh multi-month lows into the 0.9800’s. But daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy … Read more on Daily FX Dollar falls on Obama’s call for tighter budget Wednesday, January 26th, 2011 16:54:00 TOKYO: The dollar fell against the euro and yen in Asia Wednesday after US President Barack Obama called for a freeze in federal discretionary spending…. Click Here to Read More
Demo Trading vs. Live Trading
January 29th, 2011 kk Demo Trading vs. Live Trading Many times new traders who have done well in a demo account open up a live account and things start to fall apart. Having real money on the line is very different emotionally than trading pretend money. When losing in a live account, every pip move can result is feelings of frustration or pure joy. Read more on Daily FX Trading in the Direction of the Daily Trend Student’s Comments: All is noted on chart, the daily USD/JPY in a downtrend. There are also some RSI opportunities. I know some would say there is some hindsight here but I would appreciate any comments on my “up and down trading”–in a downtrend, based on these patterns. Read more on Daily…. Click Here to Read More
Lastest Forex News
January 28th, 2011 kk INSTANT VIEW 3-Investor reaction to Moscow airport blast MOSCOW, Jan 24 (Reuters) – Russian stock markets and the rouble weakened on Monday after news that at least 31 people were killed and more than 100 injured in a suicide bomb blast at Russia’s biggest airport Domodedovo. Read more on AlertNet Rupee falls 13 paise against US dollar in early trade Mumbai, Jan 28 (PTI) The Indian rupee depreciated by 13 paise against the dollar today, as the American currency strengthened against other major currencies. Read more on Press Trust of India Australia shares slip after Woolworths slashes profit outlook MARKETS-AUSTRALIA-STOCKS (UPDATE 1):Australia shares slip after…. Click Here to Read More
Australia shares inch up; profit warning dents Woolworths
January 26th, 2011 kk Australia shares inch up; profit warning dents Woolworths MARKETS-AUSTRALIA-STOCKS (UPDATE 2):Australia shares inch up; profit warning dents Woolworths Read more on Yahoo!7 Finance Australian Market Ends Weaker; Banks, Resource Stocks Slip The Australian market ended Thursday’s trading session in negative territory with moderate losses dragged down by resource stocks and financials, as traders resorted to profit taking following recent sharp gains. Weak cues from Wall Street where the major averages witnessed sharp sell-off in the previous session, China’s faster pace of economic growth and fears of more tightening measures … Read more on RTT News Swiss Franc Sentiment…. Click Here to Read More
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