Forex Trading: USDJPY Next Resistance level approaching Resistance comes in at 102.06 which is the 100 hour moving average. Support now at the 101.75 to 80 level. Go to Full Article

In the Financial Papers: Today’s Top Forex News 04.10.08 Here is the “In the Financial Papers Radio Broadcast” (Length: 5:15 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast Covers: ECB Leaves Interest Rates at...

Why the US Dollar Hit a Record Low Those who may have hoped for a recovery in the US dollar have been sorely disappointed. The greenback hit a record low against the Euro and it will just be a matter of time before the EUR/USD hits 1.60. Before you know it, ... Go to Full Article

Why G7 Meetings Matter There is no time better than the present to recognize the dollar’s weakness. With the April 11 G7 meeting of Finance Ministers and Central Bankers just days away, government officials around the world have the power to stop the dollar ... Go to Full Article

G7 Meets - Interest Rates - UN-Interesting G7. This Weekend the Group of 7 – Finance ministers meet in Washington and the US Dollar and FX rates appears to be high on the list of topics. European Central Bank President Trichet has indicated that rates will stay stable as the ECB ... Go to Full...

Australian Dollar Technical Outlook There is no change to the count that we outlined yesterday. Go to Full Article

Canadian Dollar Technical Outlook Near term, the latest bull leg (.9710-1.0324) is a wave 1 impulse within a 5 wave bull cycle (wave i of 1 is a diagonal). Go to Full Article

Swiss Franc Technical Outlook Our short term count was thrown off track with recent weakness. We would like to show the bigger picture for perspective. Go to Full Article

Euro Technical Outlook If 1.5673 was the bottom of wave E within a triangle, then wave E was especially small. Remember, E waves of triangles are usually sharp and have a tendency... Go to Full Article

British Pound Technical Outlook The inability of Cable to accelerate lower in a 3rd wave has us thinking of alternate scenarios. Bigger picture, we have been bearish due to the 5 wave... Go to Full Article

Yen Technical Outlook We had thought that the USDJPY would reverse closer to 104 but the strong decline this morning may be the beginning of wave v within the 5 wave drop from... Go to Full Article

New Zealand Dollar Technical Outlook The break through the short term resistance line as well as a potential 5 waves up from .7781 negates out bearish bias. Go to Full Article

BoE Cuts 25 Points, As Tight Credit Markets Outweighs Inflation Concerns The BoE cut rates by a quarter point as they see credit markets tightening and overseas growth deteriorating. However, they still feel that they need to... Go to Full Article

Euro Makes a New High: No Sign of a Reversal The EURUSD hit a new high today and as of now, there is no sign that the bullish pattern is complete. A USDJPY bear leg that will drop below 95.72 is underway... Go to Full Article

Forex Trading News: EUR Interest Rate Announcement Released As ... The EUR Interest Rate remains at 4.0% from the previous 4.0%. No cut was expected. The EURUSD jumped up about 10 PIPS initially after this data, while the other EUR crosses did not have much movement. Go to Full Article