DailyFX Analysts Bullish AUD 5 out of 9 DailyFX Analysts looking to go long Australian dollars AUD/USD Top Pick The Australian dollar hit a 25 year high earlier this week. Even though... Go to Full Article

Forex News: ECB Draghi on the wires ELEVATED INFLATION MORE PERSISTENT THAN THOUGHT; PRICE EXPECTATIONS BETTER ANCHORED THAN IN PAST; POLICY COMMUNICATION CURRENTLY MORE CHALLENGING; SAYS CENTRAL BANKS MUST MATCH WORDS WITH DEEDS; MARKET TURMOIL CONFIRMS ECB'S MONETARY ... Go to Full...

In the Financial Papers: Today’s Top Forex News 07.18.08 Here is the “In the Financial Papers Radio Broadcast� (Length: 7:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy Read my Daily report on DailyFX.com In the Financial Papers:...

Forex News: ECB Source talking of the chance of another rate hike There is a report on the wires that an ECB Source is noting that the ECB is not excluding the need for another rate hike. The central bank is trying to wring out the secondary effects of the oil induced inflation. ... Go...

Forex Trading: USDCHF watching the 100 Day Moving Average at the ... The USDCHF is near the 100 day moving average at 1.0258. Since May 15th the USDCHF has been above the 100 day moving average for 9 days. The most consecutive days above the level was 3 days. Once it stayed above for two...

Forex News: Canada Wholesale Sales stronger than expected. Leading ... The surprise is in the Wholesale sales for May. They were up 1.6%. Perhaps the BOC knew of this stronger sales when they surprised the market and did not lower rates two meetings ago. Six of Seven components rose. ... ...

Forex News Preview: Canada Leading Indicators due at 8:30 AM EDT read more. Go to Full Article

Forex News Preview: Canada Wholesale Sales due out at 8:30 AM EDT At 8:30 AM EDT, the Canada Wholesale Sales will be released for the month of May. Last month Canada’s Wholesale Sales rose by 1.4%. This was higher than expectations and was attributed to increases in the sales of...

Forex Trading News: Citigroup's Earnings Give USD a Boost As Citigroup posts better than forecast earnings, the USD took off across the board. With a lack of major data planned for today, we'll see if the USD can hold these gains. Go to Full Article

Forex Trading News: USD Mixed Ahead of NY's Open The USD was choppy overnight as the market and USD have turned to corporate earnings. Yesterday, we saw USD gains from positive earning reports from Wells Fargo and JP Morgan offset once Merrill Lynch came in worse than forecast. ... Go to...

Forex Trading - USD/JPY Moving Averages Converge As the USD/JPY pair has regained a bid into the current range, the 50 and 100 day moving averages have converged, as the Yen has sold off and some modest dollar strength is noticeable after a long week for the USD. ... Go to Full Article

Wells Fargo Rides To The Rescue Of The Financial Sector Better than expected second quarter earnings news from California-based Wells Fargo (wfc) and its unexpected ten percent dividend boost helped spark a hefty rally in the overall market—particularly beleaguered financials—on...

Homebuilder ETFs Get A Lift From Reports, But The Numbers Are Skewed Homebuilding exchange traded funds (ETFs) are up sharply in trading this morning after reports that single-family home construction fell while a new law in New York gave a boost to apartments buildings. Single-family...

Euro Recovers Against US Dollar As US Optimism Fades EURO. The euro appreciated vis-Ã*-vis the US dollar today as the single currency tested offers around the US$ 1.5890 level and was supported around the $1.5810 level. Traders erased some of the common currency’s losses yesterday on ... ...

Stock Market Is Liable For A Further Squeeze Ahead You knew it was coming…..you knew it was coming…you knew it was coming…..BAM! Yesterday it finally came. Macro Man refers, of course, to the dreaded short squeeze, which finally arrived with a bang last night. Yesterday’s 2.5% rally...