The Underperformance of the British Pound The big story of the day is the British pound - fundamental factors are becoming less supportive of pound strength. To the surprise of the market, the Quarterly Inflation report revealed a divided central bank that revised its 2008 GDP ... Go to Full...

US CPI May Slash Fed Rate Cut Probabilities, Help The Greenback To Gain NOV 15 US Headline CPI (YoY) (OCT) (13:30 GMT; 08:30 EST) US Core CPI (YoY) (OCT) (13:30 GMT; 08:30 EST) Expected: 3.5% Expected: 2.2% Previous: 2.8% Previous:... Go to Full Article

British Pound Bullish Opportunity Against 2.0522 - Euro Heading For a New High - Japanese Yen Nearing Fibo - British Pound Good Reward to Risk Trade - Swiss Franc Drops Below 1.1200 - Canadian Dollar... Go to Full Article

Australian Dollar Rally Corrective So Far Commentary: The rally from .8753 is corrective (A-B-C) to this point. However, that can change if price exceeds .9068. In that instance, it would possible... Go to Full Article

Canadian Dollar Small Wave 4 Complete? Commentary: We wrote yesterday that "the rally does not look complete. A 5th wave within the 5 wave advance from .9236 is required before we can think... Go to Full Article

Intraday Technical Analysis - November 14, 2007 Welcome to Thursday Nov 14th midday analysis -12.45 GMT. Euro moved higher and reached our projected target we mentioned in yesterday’s midday analysis of 1.4686. The pair traded in a small range just before the UK open and, ... Go to Full Article

Swiss Franc Drops Below 1.1200 Commentary: We wrote yesterday that "the USDCHF reached 1.1299 but the correction seems shallow. Subjectively speaking, we favor a larger advance towards... Go to Full Article

Euro Heading For a New High Commentary: We wrote yesterday that "the drop to 1.4520 yesterday likely completed wave 4 and price should exceed 1.4751 and test 1.5000 before a larger... Go to Full Article

British Pound Good Reward to Risk Trade Commentary: We wrote yesterday that "the form of the decline was still corrective (3 waves?A-B-C). As such, expect a new high above 2.1160 in coming weeks."... Go to Full Article

Japanese Yen Nearing Fibo Commentary: We wrote yesterday to "expect this bounce (wave 4) to end near 110.72-111.71 (23.6%-38.2% of 115.91-109.12) before a new low in wave 5." The... Go to Full Article

New Zealand Bullish Above .7527 Commentary: The rally through .7663 indicates that the entire decline was likely a correction and that a new high will be registered. As long as price... Go to Full Article

PPI and Retail Sales, Not Much of a Surprise The market was banking on this morning’s retail sales and producer prices to clear the air on what the Federal Reserve will do in December. Last week Bernanke was more focused on the downside risks to growth than inflation but according ... Go to Full...

High Yielders Up in Forex Trading Equity market recoveries boost high yielders in currency tradingHigh yielders like the Australian dollar are up in forex trading today as strong equity markets help reduce some of the risk aversion being seen on the currency market. ... Go to Full Article

US Dollar Still Weak in Currency Trading Greenback struggles on FX marketThe US dollar is still weak in forex trading, falling against a variety of major and minor currencies. The greenback is struggling on the FX market as the global economy shifts rapidly away from one that ... Go to Full...

Patience Although there was sufficient evidence to short the GBP/USD - technical analysis said short at 2.0850 and my charts said sell at 2.0750 and there has been a 100 point move. I have to say I am out of the market and have not traded today. ... Go to Full Article