Forex Trading News - Comments on Inflationary Concerns in Europe ... The dollar rallies against the Euro and Yen on comments mid-day out of South Korea, where European and Asian finance officials have met to discuss concerns facing their respective economies and the world economy as a whole....

Forex Trading News: CHF Retail Sales Out Lower Than Forecast The Retail Sales number comes out at -9.4% from the previous 9.7%. This was forecast at 4.1%. This is the lowest reading since March 2003. Despite this low number, not much change in the CHF across the board. Go to Full Article

Forex Trading News: CHF Retail Sales Preview At 3:15 AM today, the Swiss Retail Sales is released. This number gauges the change in the total value of sales at the retail sales level. If this number comes out above forecast, it typically benefits the currency. ... Go to Full Article

Forex Trading: GBPUSD breaks trendline resistance at 1.9514 The GBPUSD has broken through the trendline resistance at the 1.9514 level, and looks toward the 100 hour MA at the 1.9538 level. Look to see if the trendline level is able to hold. If the 1.9510-14 level can hold, we may see a...

Forex News: France's Finance Minister Lagarde on the wires SAYS NEED TO COMBAT INFLATION, SPUR GROWTH; SAYS ASIA, EUROPE MORE RESILIENT THAN EXPECTED; SAYS INFLATION KEY PROBLEM IN BOTH ASIA AND EUROPE. Go to Full Article

Forex Trading: Yen crosses and USDJPY moving higher The USDJPY has been able to hold the 200 day MA so far and is moving higher. The Yen crosses are helping the sentiment. EURJPY is moving higher and looks poised to test the 167.13 high from the June 9th. Above that level is the October ... ...

Forex Trading: EURUSD finds support and bounces The EURUSD gapped higher but could not muster any forward momentum. As a result, it started to retrace until it found support against the 61.8% retracement level of the move higher from Friday's lows. The level came in at the 1.5373 ... Go...

Forex Trading: USDJPY moves above the 200 day MA The USDJPY has moved above the 200 day MA. The day has a long way to go obviously. However, the market will be watching the level to see if it can remain above the key level. Go to Full Article

Forex News Preview: Eurozone CPI due at 5:00 AM EDT The Eurozone CPI is due at 5:00 AM EDT. This report has been well anticipated with the expectation for a gain of 0.6%. The Year on Year increase is expected to rise to 3.6%. This is the same value that the Flash CPI showed. ... Go to...

Forex News Preview: Swiss Retail Sales due at 3:15 PM The Swiss Retail sales for the period from April 2007 to April 2008 will be released at 3;15 PM EDT. Last month the increase came in at 9.7%, the most in 2 years. However, the early Easter boosted the sales. ... Go to Full Article

Forex News Preview: BOE Quarterly Bulletin Inflation expectations could rise in the future as rising CPI inflation expectations have risen "materially"; High CPI expectations would be a key risk. Corporate profit margins to contract; Money Markets remain stressed. Go to Full Article

Forex News: New Zealand Manufacturing Activity comes in at plus 3.7% The New Zealand Manufacturing Activity for the 1st quarter came in at plus 3.7%. Excluding inflation, the index was up 0.2%. Most of the gain is a result of higher inflation. Excluding Meat and Dairy sales fell 1.4%. ... ...

Forex Trading: USDJPY testing the 200 day moving average The USDJPY is also testing a longer term moving average. The 200 day moving average comes in at 108.26. Above 108.26 and the next level is 108.60 which was the high on February 14th. The last time the pair has closed above the level...

Forex Trading: EURUSD gaps up after G8 disappoints The EURUSD opened higher and has quieted down. The pair is back above the 100 day moving which comes in at 1.5396. Friday closed below the key level for the first time since February 11th. The level will be watched throughout the day ... ...

Forex News: G8 disappoints due to lack of substance. The dollar ... The G8 meeting came and went and despite a fragile global economy, they failed to come up with anything of substance. read more. Go to Full Article