Forex News. Bank of Canada Release on the Interest Rate Reduction Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent OTTAWA ?. The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3...

Currency Trading: Carry Trade Forex trading on the currency marketOne of the most popular trades on the FX market is the carry trade. This is because it is easy to do, and there is good potential for making money. However, it is important to note that the carry ... Go to Full Article

Forex News: Bank of Canada cuts by 50 basis points The Bank of Canada cut rates by 50 basis points. With the weak GDP yesterday, the odds favored the move. Nevertheless, the USD CAD has rallied off of the news. Go to Full Article

Forex News: Canada Rate Announcement at 9:00 AM read more. Go to Full Article

Daily Economic Video: Market Analysis for Tuesday March 04 2008 Daily Economic Video: Market Analysis for Tuesday March 04 2008. read more. Go to Full Article

Forex Trading: EUR/USD, USD/JPY, USD/CHF In these trending markets, we are beginning to see some nice Elliott wave patterns emerge:. EUR/USD. USD/CHF:. USD/JPY:. read more. Go to Full Article

Forex Trading: GBP/USD Following up with my previous post, when considering where GBP/JPY is going, one must obviously look @ the component and as you can see below, it has been quite rangebound lately on a daily. Analyzing the component brings into question ... Go to Full Article

Forex Trading: GBP/JPY When will GBP/JPY pick itself up and dust itself off? Stochastics on a daily show that it might be in the cards soon but if one thing is for certain in markets (especially in FX), is that it can always go lower... Go to Full Article

Forex Trading: EUR/USD Could these 3 waves be the beginning of a 5 wave uptrend in Euros? Stochastics now are overbought but those familiar with the indicator know that it can be that way for a long time, so watch out for trying to pick a top: Go to Full Article

FX Trading : EURUSD EURUSD held the topside most of the session today , until finally breaking through the 1.5202 area and triggered stops, sending the pair up through 1.5220 to a high of 1.5225. Go to Full Article

FX Economic Data: Eurozone PPI, 4h q GDP Eurozone PPI +0.8 % (as expected) +4.9 % y/y. Eurozone 4th Q GDP unrevised at +0.4 % (as expected) 2.2% y/y. NO immediate market reaction to these numbers as data comes in largely as expected. Go to Full Article

FX Economic Data:UK Construction PMI UK February Construction PMI at 52.4 (expected 53.2) from 53.9 in January. This is weakest since June 2006 GBPUSD from 1.9868 to 1,9638. Go to Full Article

Forex Trading: GBP/JPY GBP/JPY has been hit for a long time and it may have stabilized temporarily, as it is comparatively range bound, awaiting some sort of catalyst to push it in one direction or another. At this point, it seems like the momentum of its ... Go to Full Article

EUR/GBP-25 Feb, 2008 Hi Traders,. EUR/GBP has touched 0.7580 last week and started with decline. Today?s range is low from 0.7550 to 0.7530. Daily chart shows sign of tired and space for down turn (see chart). Look at the technical and be ready for placing ... Go to Full Article

Weekly forex currency outlook (18 ? 22 Feb 2008) Currency pair. High Low. Pips difference. Trend. EUR/GBP. 0.7580. 102. Up. 0.7478. AUD/CAD. 0.9370. 237. Up. 0.9133. GBP/CHF. 2.1580. (331). Down. 2.1249. CHF/JPY. 98.87. 96. Up. 97.91. AUD/JPY. 99.55. 181. Up. 97.74. EUR/USD. 1.4862 ... Go...