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Russia diversifies into Canadian dollars
2010-01-21 09:03:00
Russia's central bank announced on Wednesday that it had started buying Canadian dollars and securities in a bid to diversify its foreign exchange reserves16 Vote(s)
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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
2010-01-21 07:36:00
SPOT GOLD closed @ 11142 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3. The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Corrective Down while 11360 holds and Daily Trend is Sideways while 10850 holds, so expect the price to make Lower Lows but the Downside may be limited. The 2 Vote(s)
More About: Gold , Spot

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
2010-01-21 07:35:00
EURJPY closed @ 12870 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Corrective Down while 12990 holds and Daily Trend is Sideways Down while 13165 holds, so expect the price to be Choppy and Downside may be limited. The Daily Trend had a huge S2 Vote(s)

Dollar Pressure Will Return
2009-12-18 10:30:00
Pressure on the U.S. dollar will return in early 2010, says Mitul Kotecha, head of global FX strategy at Calyon. He shares his outlook for the direction of the dollar, with CNBC's Chloe Cho & Rebeca Meehan.6 Vote(s)
More About: Dollar , Return

US Chart Reuters-CRB Index: Steady uptrend can continue in 2010
2009-12-18 10:30:00
Published at 08:36 (GMT) 18 Dec 4CAST M/T VIEW - REUTERS-CRB INDEX - Friday 18 December 2009 Anne Whitby RENEWED GAINS SEEN INTO Q1 AND STEADY THROUGH 2010 (Ref. price 276.10) The REUTERS-CRB Index pushed higher again in October and is now consolidating those gains. While this phase may be further extended, a break up should occur during Q1. Look then for a renewed rise, supported by the recent range, the June/September trading and the base below 230. For most of 2010, losses should stay 4 Vote(s)
More About: Reuters

Technical Analysis Daily: GBP/USD
2009-12-18 10:30:00
Pound/Dollar made a decreasing movement down to the 1.6089 bottom on Thursday, as expected, which appeared to be good support and the Cable corrected upwards, closing the day at 1.6153. Although this fact leads us to un uncertain short term trading expectations, our preferable scenario is downwards from good high...8 Vote(s)
More About: Daily , Technical , Analysis , Technical Analysis

Retail sales slip back in November
2009-12-18 10:30:00
UK sales lost momentum at the end of the year, dimming hopes that frantic Christmas shopping ahead of the rise in value added tax in January would deliver a boost to growth in the final quarter9 Vote(s)
More About: Sales , Retail , Back

Euro Recovers Ground; Swiss Franc Off Highs
2009-12-18 10:30:00
The euro recovered ground on Friday after steep falls against the dollar and yen, and pared losses against the Swiss franc, which surged earlier in the session in thin trade.5 Vote(s)
More About: Euro , Ground

Oil Above $73 on Economic Data, Colder US Weather
2009-12-18 10:30:00
Oil rose above $73 a barrel on Friday, underpinned by signs of a gradual economic recovery in the United States and the prospect of increased winter demand as a cold snap gripped the U.S. Northeast.10 Vote(s)
More About: Weather , Data , Economic

FX Times: Daily Technical Update USD/CAD Nearing Breakout
2009-12-17 21:09:00
# My previous post on USD/CAD came last Friday, when I mentioned the possibility of a breakout this week, from its congestion patter. (Refer to Daily Video Technical Update 12.11.2009). # The weekly shows that the 1.0500 area, or 61.8% retracement has held, although the market seemed poised to break it in October and reached 1.0200… Fan Yang Currency Analyst Commodity Trading Advisor Via fxtimes.com2 Vote(s)
More About: Times

FX Times: Fundamental Updates UK Retail Sales Stumble, Weakening Pound
2009-12-17 21:02:00
UK retail sales disappointed forecasts as they unexpectedly fell in November for the first time in six months. It's a sign that the slow pace that the country is taking to get out of its recession is crimping consumer spending. The Pound fell following the data, sliding below its support level around 1.62 to a low near 1.6080. That was the lowest the pair has been since October 15th. Nick Nasad Market Analyst Via fxtimes.com2 Vote(s)
More About: Sales , Retail , Updates , Stumble , Times

USD/JPY – Continuation
2009-12-17 20:19:00
Dollar-Yen broke the resistance 89.72 and reached the first target 90.08 successfully. This continuation in rising was a result of breaking the falling trend line from 90.75. With this break, the Dollar has gained a technical advantage that should give it the strength to...2 Vote(s)

Euro Dollar - Next stop 1.4280
2009-12-17 20:16:00
The Euro broke both the support & resistance of yeserday's report, before choosing the downward road reaching both suggested targets 1.4445 & 1.4405. With that, the long-term Fibonacci 50% support (1.4445) was broken, and we expect to see Fibonacci 61.8%...2 Vote(s)
More About: Dollar , Stop

USD/JPY Sits at 90 Despite Dollar Rally
2009-12-17 17:05:00
The USD/JPY is consolidating around its highly psychological 90 level despite a large pop in the Dollar today. Investors snapped up the Dollar after the Fed tightened its monetary policy stance a bit, indicating it may allow some of its alternative liquidity measures to expire next year. The USD/JPY is likely being neglected due to a combination of the weight of the psychological 90 level and the upcoming BoJ monetary policy decision during tomorrow's Asia trading session. 2 Vote(s)
More About: Rally

GBP/USD Sets New December Lows
2009-12-17 17:04:00
The Cable has taken another step down in the wake of a broad based Dollar rally. The Fed tightened its monetary policy stance a bit and hinted that it may allow some of its alternative liquidity programs expire next year should fundamental conditions continue to improve. Investors reacted to the Fed's more hawkish monetary statement by snapping up the Dollar.2 Vote(s)
More About: Sets

EUR/USD Drops Below 1.45 and our 1st Tier Uptrend Line
2009-12-17 17:03:00
The EUR/USD has taken a blow today after the Fed implied that it may be comfortable with letting many of its alternative liquidity measures expire next year. The Fed's more hawkish monetary stance resulted in a large Dollar pop today and the EUR/USD has dropped beneath our 1st tier uptrend line in the process. Our 1st tier is key since it runs through August lows. Hence, if the EUR/USD doesn't shape up soon, we could witness more protracted near-term decline towards the 1.385-1.40 area.2 Vote(s)

CORRECTION: Gold's decline from $1,141 extended to $1,113 low
2009-12-17 16:37:00
FXstreet.com (Barcelona) - Gold prices ave dropped sharply during the day and from session high at $1.141 during Asian trade, the XAU/USD has dropped to $1,113 low,giving away all gains from the last to days, and approaching key support area at $1,110.If XAU/USD drops below $1,110, the pair could visit $1079.4 next, according to the Oil N' Gold Team: "Gold's recovery was limited slightly below 1144.6 resistance and weakens again. While consolidation from 1110.2 might extends further, it should 9 Vote(s)

The Next Investment Frontier: Risks & Rewards
2009-12-17 16:36:00
Many investors are familiar with the emerging markets story, especially with the MSCI Emerging Index's 70% or so gain so far this year.10 Vote(s)
More About: Investment

Market Tips: Stick to the Value in Gold, Oil
2009-12-17 16:36:00
Global stocks were lower on Thursday after the Federal Reserve reiterated its special liquidity measures would expire early next year. Experts told CNBC investors should stick to value areas as a result.4 Vote(s)
More About: Market , Gold , Tips

2010 Will Be About Removal of Stimulus: Strategist
2009-12-17 16:36:00
We have great momentum in the markets and a lot of liquidity, but the main area of concern is the governments' stimulus packages and when they will be pulled back, Justin Urquhart Stewart from Seven Investment Management said Thursday. He sees some governments erring on the side of caution and getting their timing wrong.10 Vote(s)

FX Times: Daily Technical Update EUR/GBP Reassessing Subwave “2″
2009-12-16 20:58:00
The screenshot in the daily time-frame is the intermediate outlook that's in-line with the current possible Elliott Wave count. The 4H time-frame was showing a short-term bearish outlook to start the week. The initial projection was 0.8950, the 61.8% retracement area… Fan Yang Currency Analyst Commodity Trading Advisor Via fxtimes.com2 Vote(s)
More About: Daily , Technical , Update , Times

FX Times: Fundamental Updates, Housing Starts Bounce Back in November
2009-12-16 20:56:00
Housing starts bounced back in November following a disappointing month for construction in October. Starts were up 8.9% to an annual pace of 574,000 while building permits climbed 6% to an annual rate of 584,000, the highest level since last November. Nick Nasad Market Analyst Via fxtimes.com2 Vote(s)
More About: Updates , Housing , Back , Bounce , Times

USD/JPY – Upside break
2009-12-16 18:00:00
Dollar-Yen broke the resistance 89.28, and jumped close to the 90 level & the suggested target (yesterday's high 89.93). With this break, the Dollar has gained a technical advantage that should give it the strength to go on. But to keep this advantage, the price should hold...2 Vote(s)
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5 Reasons Why the Federal Reserve is a Failure!
2008-03-24 18:01:00
Automate your trading! Forex System Selector No single quasi-private institution has as much influence on the worldwide economy as the Fed, and as a leader can head this institution for an indefinite term, no one man is as influential on the markets as the Fed Chair. The Dollar has plummeted in the currency markets and shows few ...
More About: Federal Reserve , Failure , Reasons , Reserve

5 Unusual Things That Adversely Affect the U.S. Dollar
2008-03-23 09:30:00
Automate your trading! Forex System Selector    There are many factors that can cause a quick fall for the U.S. dollar, such as budget deficit or gas prices. However, those are commonly discussed in financial circles. What are really interesting are the more unusual things that cause a dip in the currency’s worth. Here are the most ...
More About: Dollar , Things

Forex Technical Analysis - 3.7.08
2008-03-07 10:09:00
Join My Forex Space Forex Community  EUR/USD This pair is currently trading in the middle of a steady upward channel that began over a month ago. This pair has now breached the key 1.5400 resistance level and indicators are still very bullish, although we are in deep overbought territory. The next target price will be 1.5500. GBP/USD The RSI ...
More About: Technical , Analysis , Technical Analysis

Data On Tap - NFP Report - 3.7.08
2008-03-07 09:58:00
FX-BAR Forex Toolbar  USD The greenback slipped all across the board yesterday against most of the major currencies. The USD finished yesterday’s trading session more than 100 pts.down against the EUR, GBP and the JPY. The Unemployment Claims report was released yesterday. The report showed that the number of people filing new claims for unemployment insurance fell ...
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Forex Technical Analysis - 01.03.08
2008-01-03 13:12:00
Join My Forex Space Forex Community  EUR/USD After a very choppy session yesterday, the pair appears to be floating around 1.4720. The hourly studies show strong bullish signals, as the dailies are becoming neutral. It appears that in the short run going short might be preferable with tight limits and and a relatively quick exit. GBP/USD The cable is ...
More About: Technical , Analysis , Technical Analysis , Anal

US ADP On Tap
2008-01-03 13:07:00
FX-BAR Forex Toolbar  USD The greenback continued on its bearish path yesterday as traders returned to their desks after the New Years Holiday. The main reason for the dollar slide yesterday was the weaker-than-expected release of the ISM Manufacturing Index. This figure came in at 47.7, which was well below the expected figure of 50.7. This Index ...

Forex Technical Analysis - 12.31.07
2007-12-31 10:07:00
Join My Forex Space Forex Community  Source: Forexyard  EUR/USD The bullish trend on the daily chart seems to be out of steam as the next target price is located at 1.4786 (Fibonacci 76.4%). Indicators show that an upcoming reversal is expected with the first target price at 1.4704 (Fibonacci 61.8%). Today, selling on highs around 1.4736 appears to ...
More About: Technical , Analysis , Technical Analysis , Anal