December E-Mini S&P 500 by J Hyerczyk Global equity markets broke sharply lower from last night’s close to about mid-session as the Asian markets were reacting to the possibility of more European bank failures. Traders also sold stocks because it looked as if the plan for a coordinated...

US Dow Jones Industrials Average to Open Sharply Lower Despite Central Bank Rate Cuts The US Federal Reserve, European Central Bank, Bank of England, and other major central banks joined forces in cutting interest rates in a bid to boost... Go to Full Article

Global Coordinated Rate Cut by Merk Investments The US Federal Reserve along with the Bank of Canada, Bank of England, the European Central Bank, Sweden Riksbank and the Swiss National Bank acted in concert to reduce short term lending rates in pre-market hours this morning. Go to...

UK Rescue to Support Sterling (Forex News) by Investica Ltd The UK bank support plan should underpin Sterling to some extent, although gains will tend to be limited given the potential for the Bank of England to cut interest rates sharply on Thursday. Go to Full Article

USD/JPY FX Technical Analysis by iForex.bg The US Dollar continued descending significantly yesterday against the Japanese Yen from Tuesday's top 103.28 to today's bottom 98.63, which are the first resistance and support levels respectively for the currency couple today. Go to Full...

Forex Daily Forecast by iFOREX.bg EUR/USD Trading range: 1.3635 - 1.3545 Trend: Downward Sell at 1.3622 SL 1.3654 TP 1.3555 Go to Full Article

(Euro) EUR Fx Technical Analysis by Forex Ltd The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked relatively high bearish counteraction level continues supporting the version of rate correction incompleteness but...

(Japanese Yen) JPY Fx Technical Analysis by Forex Ltd The pre-planned breakout variant for sells was realized with attainment of assumed targets. Go to Full Article

(Sterling) 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 the general activity parity of both parties gives reasons for assumptions of further...

(Swiss) CHF Fx Technical Analysis by Forex Ltd The earlier opened positions for sell resulted in attainment of minimal assumed targets. OsMA trend indicator, having marked relatively low activity level of both parties do not give definiteness in the choice of planning priorities for today...

European Market Update: UK Gov't formally announces bank rescue plan by Global View European Market Update: UK Gov't formally announces bank rescue plan; Market players demanding coordinated interest rate cuts Go to Full Article

USD Trading Outlook: New York Open for October 8, 2008 by Global View The meltdown in equity markets following the sharp sell-off in U.S. equities is the major focus of the day. The Nikkei tumbled by over 9% and other Asian bourses have tumbled in value. Some say that South Korea could be...

USD/YEN and EUR/USD Update by Global View It is all about the yen today as a meltdown in the Nikkei and resulting repatriation flows has sent it higher across-the-board, with offsets especially hitting the AUD and NZD. This has seen usd/yen fall below the pivotal 100 level. Key support is at...

Euro Crosses Trading Outlook: Europe Mid-session by Global View The reaction to the U.K. recapitalization program for the banking system has dominated European trade early Wednesday. Equity markets have collapsed as the program favors bondholders over those with an equity stake. Euro...

USD Is Mixed on Fed’s New Commercial Paper Funding Facility The greenback, trading mixed against its rivals Tuesday, was higher against the commodity currencies but lower versus the European currencies. In an unprecedented move to alleviate the financial crisis, the Federal Reserve said...