Forex Trading: EURUSD pressured in NY trading The EURUSD is now down on the day after reaching a high of 1.2898 last night. The low on Friday was 1.2676. The pair is still contained by the range from Friday. On the downside watch the 1.2692 level. ... Go to Full Article

Forex News: ECB Juncker on the wires PROBLEMS HAVE BECOME MORE SERIOUS; EUROPE FACING TECHNICAL RECESSION; FINANCIAL CRISIS WILL BE FELT AT LEAST THROUGH 2009; SEES 2009 EURO-AREA GROWTH BETWEEN 0% AND 0.3%. Analysis: I don't know what constitutes a "technical recession", ... Go to Full...

Forex News Preview: US Car Sales to be released during the day The US Car sales for the month of October will be released throughout the day. Last month the amount of vehicles sold came in at 12.5M annualized units. This was the lowest level since March of 1993. Clearly the auto industry is...

Bobby's Corner- Open Market 11.3.2008 Good Morning:. As we are all grateful to see this volatile October pass into the history books, we will all keep our fingers crossed that November will be less volatile, and more tradable-but only time will tell. ... Go to Full Article

Forex News: US ISM Manufacturing Index due at 10:00 AM The US ISM Manufacturing Index is due to be released at 10:00 AM. Last month the index fell sharply to 43.5 from 49.9. The price index which gauges the number of businesses who are experiencing declining prices versus those seeing ... ...

Forex Trading News: EU Commission Economic Growth Forecast EUROPEAN COMMISSION: CUTS 2009 FORECAST TO 0.1% FROM 1.5% PRIOR; SAYS SITUATION IS "PRECARIOUS" AND ECONOMIC OUTLOOK IS BLEAK. - Says Euro-Zone Economy now in recession as it contracted in Q3 - Lowers 2008 GDP forecast to 1.2% from...

Forex Trading News: EU's Almunia on the Wires EU's Almunia: Sees "significantly darker" economic horizon for EU. - Says emerging economies are weathering the crisis better than EU, US, but will unlikely escape "unscathed" - Slower economic slowdown should ease inflationary ... Go to...

Forex Trading News: AUDNZD Trying to Break Channel The AUD has found strength despite some recent poor economic news as risk appetite has temporarily reappeared in the market. We will see if the pair can hold some of these gains as the Reserve Bank of Australia is expected to cut their ... ...

Forex Trading News: EUROZONE Final Manufacturing PMI and UK ... The EUROZONE Final Manufacturing PMI came out at 41.1 from the previous 41.3. No change from 41.1 was forecast. The EUR happened to get bid after this release. The UK Manufacturing PMI came out at 41.5 from the previous 41.0. ... ...

An Even Bigger and Broader Dollar Smile We have been bullish on the dollar since last December, and started warning about severe stress in the EM currencies in May. The dollar’s recent rally... Go to Full Article

European Manufacturing Falters, Stoking Increased Fears of a Global Recession http://finviz.com/chart.ashx?t=SPY&ta=1&p=d&s=l 10/16/2008Â*3:53:22 PMÂ*AndySwan: OCT options on S&P futures are pricing in a 52 point move TOMORROW. If you don’t understand VIX, that is a clue. $SPY +/-...

Post of the Day: EUR/USD Student’s Question: Here are my support/resistance lines. Are they OK? Go to Full Article

GBP (Pound) Forex Technical Review The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked relative buying activity rise as confirming sign of reverse bullish signal formation gives reasons for buying direction...

CHF (Swiss) Forex Technical Review The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked general close activity parity of both parties but with signs of bullish priority gives reasons for the preservation of buying...

AUD/USD - Australian Dollar US Dollar, European Session - 03/11/08 0,6847. Go to Full Article