Sterling Crosses Get Boost From British Energy Takeover EUR-GBP traded at 0.7891 lows amid reports of M&A related selling via a French name following EDF's GBP 12.4B takeover of British Energy. The interest... Go to Full Article

German IFO Signals Weaker Growth Ahead, Raising Hopes for a ECB Rate Cut IFO economist Nerb said the time has come for rate cuts. IFO president Sinn said German confidence is falling in "large steps" and IFO economist Nerb said... Go to Full Article

German Current Account Deficit Unexpectly Narrows, Services Surplus Widens The Euro-Zone posted a July s.a. current account deficit of EUR 1.7B, up from a deficit of EUR 6.1B despite the fact that the trade deficit widened in... Go to Full Article

Fading Business Confidence in Germany Triggers EURUSD Short Covering EUR shorts covered positions after September German IFO came in at 92.9, which was below expectations, but not as weak as earlier rumors, which ranged... Go to Full Article

German IFO Business Confidence Falls to Three Year Low German business confidence slipped to a three year low of 92.9 from 94.8 in August as stalled growth heightened recessionary concerns for Europe’s largest... Go to Full Article

BoE's Blanchflower Urges Need for Rate Cut BoE's Blanchflower reiterates that U.K. joblessness will soar without a rate cut. In an interview with the Guardian, arch-dove Blanchflower, reiterated... Go to Full Article

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

Trend of the Day: NZD/USD Our trend for the day is NZD/USD. Go to Full Article

Identifying Trades with DailyFX 09.24.08 Airelon: PROFIT target hit - 26.50 Go to Full Article

New Zealand Consumer Confidence Higher on Rate Cuts, Cheaper Oil Westpac NZ Consumer Confidence shot up to 104.8 in the third quarter from 17-year lows at 81.7 in the three months to July as faster-than-expected monetary... Go to Full Article

Australian, Canadian, and New Zealand Dollars Fall on Broad Drop in Commodities The commodity dollars pulled back versus the greenback on Tuesday, as the Australian dollar and New Zealand dollar both lost more than 1 percent. Go to Full Article

British Pound Hits Resistance at 1.86 - Additional Declines In Store? The British pound did little but consolidate between 1.85 and 1.86 during Tuesday’s trading session, which is nothing compared to the 200-400 point ranges... Go to Full Article

Euro: Is the Euro-zone Headed Straight Toward Recession? The euro slipped against the US dollar as data out of Europe proved to be exceptionally weak. Go to Full Article

US Dollar Edges Higher As Bernanke, Paulson Push Lawmakers To Pass $700B Bailout (Forex Video) US Dollar gains on technical retracement, while testimony by Bernanke and Paulson yields no new information as they urge lawmakers to pass their $700 billion... Go to Full Article

US Dollar Gains, But Don't Call It A Comeback The US dollar rose on Tuesday, but it was more of a technical retracement rather than a true rally as the majors failed to register any significant directional... Go to Full Article