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Forex: Eur/Gbp stays in a upward trend.
Eur/Gbp still channeling higher finding some resistance at the top of the channel. Hourly we see it making a flag formation which indecates a higher Eur/Gbp. read more.
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Forex: Tokyo News
We have a lot of numbers coming out tonight and should provide some volatility tonight.
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GBP/USD: Will Strong UK Inflation Prevent a Drop Below 1.9740?
On Tuesday, UK CPI figures are anticipated to show stronger inflation pressures, with the index expected to rise 0.6 percent in March from the month prior...
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G7 Fails to Have Lasting Impact on Yen Crosses
Despite the biggest change in the G7 statement since the Boca Raton meeting of Finance Ministers and Central Bankers in 2004, there has been no lasting...
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Australian and New Zealand Remained Depressed, Canadian Dollar Rallies
The Australian and New Zealand dollars lost ground while the Canadian dollar rallied against the greenback.
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US SESSION MAJOR EVENTS
- Even G7 and Retail Sales Can?t Help the US Dollar - Stronger Economic Data Keeps Euro Near its Highs - British Pound Rallies on Surprisingly Strong Inflationary...
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Weekly Trading Lesson: Gaps in the FX Market
See the article...
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Forex Trading: GBPJPY rotates back down to 199.41 support and bounces
The GBPJPY rotated off the resistance a the top and off the the support on the bottom (see post at 11:52 AM.). Now what will the market do? Today is a random walk in NY. GBPUSD was up at 1.9890, then it tested 1.9800 and...
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Cowabunga System Daily Update: Monday, 04/14/08
Well today was a major bummer as I took a couple of pretty big wipeouts! If you took a spill too don't take it too hard because we still got a lot of trading to do this week. See how it all went down in today's Cowabunga Surf Report.
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Fox Business 04.14.08 - 04.18.08
I’ma Feature Guest on Fox Business’ Opening Bell this week. As a result my postings will be reduced to one a day. There will also be no In the Financial Papers (sorry!) since I have to leave for their studios at 7:30am and I’m not back ...
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Euro Crosses: Corrections Set Up Long Term Bullish Trades
See the article...
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Forex Trading: GBPJPY backs off.. but at the expense of GBPUSD ...
GBPUSD testing support at 1.9800 now.
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Forex Trading: GBPJPY testing resistance at 200.38 as stocks move ...
The GBPJPY is at resistance at 200.38 as the stocks move to highs for the day. See previous post.
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Forex Trading: GBPUSD Support at 1.9800 to 1.9810 NOW.
Support from the 38.2% retracement and the 200 hour moving average comes in between 1.9800 and 1.9810. Should be GOOD Intraday support here.
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Forex Trading: GBPJPY respected the resistance levels and backed off
The GBPJPY squeezed above the the 100 hour moving averagae at 200.47, but ran into - and backed off as it approached trendline resistance in the 200.90s. (see post at 9:15 AM). Now the pair has moved to a low of 199.56...
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