U.K. GDP on Tap - Will the Pound Plunge Further? The advanced GDP reading for the U.K. could weight on the British pound as the economy is expected to contract 0.2% in the third quarter. In addition,... Go to Full Article

EUR/USD Techncial Update by Global-View The move up just now hit a wall just below the intra-day high of 1.2861. This makes this level key intra-day resistance. Go to Full Article

Dollar and Yen Gain on Increased Risk Aversion The dollar fell versus the yen but rallied against other key currencies Wednesday. The yen and greenback were supported by debt deflation and deleveraging. It took a long time for asset prices, commodities and the higher-yielding currencies to...

FX Blog- USD Trading Outlook: New York Open for October 23, 2008 Trading appears to be off to a calmer start heading into N.Y. today. The Nikkei closed down sharply again today but it was well of its worst levels of the session. One has to wonder if the selling climax might be approaching...

EUR FX Technical Analysis by Forex Ltd The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. Go to Full Article

JPY FX Technical Analysis by Forex Ltd The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked signs of pair overbought gives reasons for assumptions about possible rate correction period but with preservation of bearish...

GBP FX Technical Analysis by Forex Ltd The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relative bullish activity rise gives reasons for assumptions about further rate correction period...

CHF FX Technical Analysis by Forex Ltd The assumed pair return to channel signal “1” for realization of the pre-planned buying positions was not confirmed but displayed by OsMA trend indicator practically close activity parity of both parties within the scope of relative bearish...

iFOREX.bg - Daily Forecast 23 October 2008 EUR/USD Trading range: 1.2865 - 1.2770 Trend: Downward Sell at 1.2851 SL 1.2883 TP 1.2784 Go to Full Article

USD/JPY Forex Technical Analysis - 23 October Yesterday the US Dollar traded significantly lower against the Japanese Yen. The currency couple made a bottom at 97.24 and closed at 97.65. The current bearish signal can open the doors to the next target downwards in the next few days towards...

Asian Session - Japan's Weak Trade Balance Tells a Story, where goes the carry trade? Asian Session - Japan's Weak Trade Balance Tells a Story, where goes the carry trade? The USD was slightly stronger in Asian Session as deleveraging and risk aversion continued to be the driving themes....

The Brief Daily Forecaster 23rd October 2008 DAILY ANALYSIS FOR EURUSD Bias: While 1.2726-36 supports there is risk of a correction to 1.2943-84 else loss of 1.2660 sees 1.2507-39 Losses were quite overwhelming again almost reaching the 1.2709 target. I have two scenarios to look...

Forex Technical Comments by RCPL Forex Euro: The pair lost around 340 pips from the day’s high of 1.3070 and made a low of 1.2739. Immediate resistance for the pair on the upside is seen at the 21 hourly EMA (1.2860). As the overall scenario remains bearish, shorts could be generated...

AUD/USD - Australian Dollar US Dollar, European Session - 23/10/08 0,6642. Go to Full Article

Dukascopy Morning Forex Overview On Wednesday, the yen raced to multi-month highs against the dollar and euro as U.S. stocks declined on the crumbling economic outlook. On Wednesday, EURUSD trading was still driven by the mounting fear that the financial crisis would lead to a...