The Brief Daily Forecaster 23rd September 2008 Bias: I see risk to 1.4897-07 but only break extends gains to 1.4958 and 1.5060 We didn't see the expected initial choppy price behavior with the break above 1.4532 generating strong gains all the way to just below the upper resistance...

Market Overview by Forex Yard Economic News * USD Market Uncertainty Lands Heavy Blow against the USD The USD saw a traumatic day of trading yesterday as it stretched as high as 1.48 versus the EUR, and spiked up to 1.8636 against the GBP. This sharp decline in the value of the USD comes...

French Economy Weakens Further, Pressing on the Euro French August consumer spending dropped -0.3% MoM, after a 0.4% MoM rise in July. Spending was down 0.1% YoY, after rising 1.4% YoY in July, which highlights... Go to Full Article

BoE Offers $40B Overnight Repo, Sterling Holds Gains The BoE's will offer another USD 40B in overnight repo today. Yesterday's USD 40B auction was covered 0.65 times, with the lowest acceptable bid rate at... Go to Full Article

EUR/GBP Short-Term Technical Outlook After finding support near 0.7848 (21.4% Fib level of 0.7755-0.8195), the EURGBP has bounced higher to hit an intraday high of 0.7979, but has lost momentum... Go to Full Article

Betonmarkets.com Morning Report Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com The FTSE is currently indicating a lower opening, as traders await the release of the BBA home loans numbers. A weak number will show the FSA that they need to do more...

The Brief Daily Forecaster 23rd September 2008 Bias: I see risk to 1.4897-07 but only break extends gains to 1.4958 and 1.5060 We didn't see the expected initial choppy price behavior with the break above 1.4532 generating strong gains all the way to just below the upper resistance...

GFT Daily Market Commentary Forex Market Commentary for September 23, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar collapsed on Monday, reflecting extreme gains in oil and gold, amid unclear details about the Treasury’s plans to save banks by removing their debilitating...

Market Overview by FX Tech Trade Airelon: PROFIT target hit - 26.50 Go to Full Article

Dollar Index Ready For A Rebound? After an unprecedented US Dollar rally, the greenback saw itself decline on a trade weighted basis during seven of the last eight trading days. But by... Go to Full Article

Event Risk for Tuesday, 09/23/2008 Currency GMT Event Expected Previous Significance EUR 6:45 French Consumer Spending (MoM) (AUG) 0.3% -0.4% Low EUR 6:45 French Consumer Spending (YoY)... Go to Full Article

Anti-Dollar Trading Across The Board, Automated Trading Signals Suggest The overall outlook for the U.S. Dollar appears to be mildly negative according to our Forex Automated Trading Signals. From the image provided below we... Go to Full Article

British Pound Rallies More Than 300 Points Despite Heavy Downside Risks for UK Economy Credit Suisse overnight index swaps may be pricing in just over 75bps worth of rate cuts by the Bank of England over the next 12 months, but given its... Go to Full Article

Expected Second Round Effects Of Financial Crisis Hit Dollar Hard Volatility from the height of last week's credit crisis lingers. Has the shakeup guaranteed recessions through the second half of 2008? Go to Full Article

COT: Speculators Remain Extremely Long US Dollars Speculators are extremely long US dollars and short all major currencies except the Yen. This is a dollar bearish signal. Go to Full Article