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
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Archive for the ‘Forex News’ Category
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
Posted in Forex News 
Tags: Australia, dents, inch, Profit, Shares, warning, Woolworths 
No Comments » New Zealand Dollar Forecast Bearish Amidst Downbeat RBNZ Outlook
January 25th, 2011 kk New Zealand Dollar Forecast Bearish Amidst Downbeat RBNZ Outlook The New Zealand Dollar was the worst-performing G10 currency through the past week of trade, falling on a noteworthy deterioration in interest rate expectations and generally lackluster economic data. Read more on Daily FX Canadian Dollar Could Reverse against US Dollar USDCAD – The ratio of long to short positions in the USDCAD stands at 2.51 as nearly 71% of traders are long. Yesterday, the ratio was at 3.51 as 78% of open positions were long. In detail, long positions are 15.4% lower than yesterday and 38.5% weaker since last week. Read more on Daily…. Click Here to Read More
Posted in Forex News Tags: Amidst, bearish, Dollar, Downbeat, Forecast, Outlook, RBNZ, Zealand No Comments »Lastest Forex News
January 24th, 2011 kk GBP/USD Classical 01.20 GBP/USD: The latest break back above 1.5910 delays bearish prospects for the time being and now opens the door for additional strength towards the key 78.6% fib retrace off of the October-November major move which comes in by 1.6090. Nevertheless, our core bias still remains bearish and any rallies into this fib retrace are viewed as a formidable sell opportunity in favor of some renewed … Read more on Daily FX Tradefair Spreads Customers Now Get Access to Autochartist Tradefair Spreads customers now get access to Autochartist automated technical analysis services (PRWeb January 18, 2011) Read the full story at…. Click Here to Read More
Canadian Dollar: Will Higher Inflation Reignite Rate Expectations?
January 23rd, 2011 kk Canadian Dollar: Will Higher Inflation Reignite Rate Expectations? Canadian Dollar: W ill Higher Inflation Reignite Rate Expectations? Read more on Daily FX U.K. Consumer Prices Take Center Stage as Price Pressures Intensify Consumer prices in the U.K. are forecasted to rise an annualized 3.4 percent in December after climbing 3.3 percent the month prior. Indeed, a reading in line with expectations will mark the highest level since May 2010 and will likely push the British pound higher. Read more on Daily…. Click Here to Read More
Posted in Forex News Tags: Canadian, Dollar, Expectations, Higher, Inflation, rate, Reignite No Comments »
Housing and jobs numbers signal firmer economy (Reuters)
January 21st, 2011 kk Housing and jobs numbers signal firmer economy (Reuters) WASHINGTON (Reuters) – U.S. home resales jumped more than expected in December and claims for new jobless claims last week posted their biggest decline in nearly a year, showing two key economic trouble spots on the mend. Other reports also offered reason for optimism, with mid-Atlantic factory activity holding up well and an index of leading indicators surpassing economists’ forecasts. The raft … Read more on Bayou Buzz Asian shares up but Apple news hits tech firms Asian stocks mostly rose Tuesday as dealers picked up bargains after the previous day’s falls while tech plays pared early losses caused by news of Apple…. Click Here to Read More
China Lifts Reserve Requirement Ratio
January 20th, 2011 kk China Lifts Reserve Requirement Ratio (RTTNews) – China’s central bank on Friday decided to raise banks’ reserve requirement after taking such measures six times in 2010 to absorb excess liquidity. The latest move came after bank lending exceeded target in 2010 and foreign reserves hit a new high. Read more on INO News Risk Reward Ratios Student’s Question: To tell you the truth I still don’t understand the Risk – Reward Ratio. Can you please give an example of this in a trade i.e. if trading EUR/USD how to apply this in a chart? If you can show this in a chart that will be great. Read more on Daily FX USDCAD: Candles Reveal Mixes Cues USDCAD put in a bullish Piercing…. Click Here to Read More
