Varengoldbank FX - Daily FX Report This morning’s Daily FX Report by the VarengoldbankFX trading desk team including a review of the Forex and currency markets, technical analysis, key pivot points and the daily economic calendar. Click for the full report. Go to Full Article

Singapore Dollar Sinks as the Flight to Safety Continues The Singapore dollar sank for the second consecutive day to its lowest level since September 2007 against the greenback as fears of a global recession... Go to Full Article

Bank of England Votes Unanimously to Lower the Benchmark Interest Rate, Further Easing to Follow (Update) The BoE minutes from the October 8 meeting showed a unanimous vote in favor of the 50 bp rate cut. The MPC noted that inflation risk had moved decisively... Go to Full Article

Italian Retail Sales Disappoints as Rampant Inflation Continues to Sap Purchasing Power Italian August retail sales dropped 0.5% m/m, after rising 0.6% m/m in July. Sales were down 1.3% y/y, compared to a rise of 2.1% y/y in the previous month.... Go to Full Article

Forex Trading News: Economic Calendar (10/22/2008) Wednesday, October 22, 2008. Go to Full Article

Forex Trading News: Liquidity Crisis Hits Germany The Financial Times is reporting that Germany's BayernLB has become the first bank to seek help from the governments rescue fund. The bank will request a 5.4billion Euro injection. This is a follow up report to the one published on ... Go...

Forex Trading: Cable Hits 61.8% on Weekly Retracement Although a seemingly different circumstance than the Euro, the GBP is also being sold off across the board as their economy continues to weaken, while being plagued by inflationary pressures and a failing banking system. ... Go to...

Forex Trading: EUR/USD Hits 38.2% on Weekly Retracement Analysis Reviewing our old EUR/USD weekly retracement analysis from the October 2000 lows (exactly 8 years ago) to the July 2008 highs, we see the pair touched the 38.2% retracement level as we had expected (during NY trading) and...

Forex: Gbp/Usd In a monthly Wedge We see the Gbp/Usd is in a Monthly wedge coming close to the bottom. We might see some support around that area. Go to Full Article

Forex Trading News: Australian Consumer Prices The reading for Australian Consumer Prices came in as follows:. Consumer Prices (QoQ) - Expected:1.0% Actual:1.2% Prior:1.5%. Consumer Prices (YoY) - Expected:4.8% Actual:5.0% Prior:4.5%. This release helped the AUD jump to session ... Go to...

Forex Trading News: Fed's Stern on the Wire The Federal Reserve Bank's Stern had the following comments this evening:. Economic impact from financial shock could exceed one seen in the 90's. Treasury, Fed and FDIC actions to improve liquidity. Asset price bubbles should be ... Go to...

Forex Trading News: JPY All Industry Activity Index The Japanese All Industry Activity Index came in weaker than expected at -1.8% versus the estimate of -1.7%. The Yen has had no negative reaction to this release. Go to Full Article

Forex: Tokyo News The only major number come out is Aud CPI q/q coming out at 8:30 pm. After this big move on the majors we might see some profit taking in the tokyo markets before the next real move. Go to Full Article

October 22 market commentary and technical levels Wed, 22th of October, 2008 By Setyo Wibowo (analyst@fxinstructor.com). EURUSD Outlook The EURUSD continued it’s bearish momentum yesterday. After broke the main support level at 1.3258, the pair bottomed at 1.3050 and closed at 1.3054. ... ...

Live Trading Room Daily Recap - October 21, 2008 Hi there fellow traders! Herewith is my daily video recap for October 21, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room. http://www.youtube.com/watch?v=qcRZ10eMa44 ... Go to Full Article