Forex Trading: GBPUSD support at the 1.8303 level on a longer term ... The GBPUSD has longer term support at the 1.8303 level. The level corresponds with the 38.2% retracement level of the move up from the June 2001 low of 1.3681 and the Novebe 2007 high of 2.1160. Go to Full Article

Forex News: BOE Blanchflower on wires UK behind the curve on rates; Sees inflation falling in medium term; UK needs substantial drop in interest rates. Note Blanchflower is a dove. Go to Full Article

Forex Trading: USDJPY bounces ... Market is illiquid The USDJPY tests the low and bounces strongly. Go to Full Article

Forex Trading: EURUSD tests stops and fails Well... the market is still in the testing mode. The EURUSD headed to the highs, ticked through it at 1.4807 level to 1.4811 and quickly backed off. Weak handed intraday traders continue to control the market. Go to Full Article

Forex Trading: USDJPY quickly tests support levels The USDJPY has quickly moved down to the support levels. The low for the day was 108.78. yesterday the market got as low at 108.69. Watching these levels. Yen crosses are also getting hit. The GBPJPY is approaching key support at the ... ...

Forex Trading: USDJPY has resistance at the 109.56 The USDJPY has resistance at 109.56. The 100 and 200 hour moving averages have converged at the level. A break above it, swings the sentiment to higher levels for the day. Remaining below it is bearish. Above is strong resistance at the ... ...

Forex Trading News - US GDP Quarter over Quarter Forecast The GDP quarter over quarter came in significantly better than expected at 3.3% versus the 2.7% survey and the 1.9% reading the prior quarter. The Personal Consumption indicator was also better than expected at 1.7% versus the 1.6% ... ...

Forex News Preview: US Initial and Continuing Claims data due out ...

Forex Trading News: UK CBI Distributive Trades Realized Released The UK CBI Distributive Trades Realized came out worse than expected at -46 from the previous -36. This was forecast at -30. The GBP was dragged down after this release across the board. The losses reversed quickly back to the...

Forex Trading News: German Unemployment Change Released The German Unemployment Change which was leaked early came out at -40K from the previous -20K. This was forecast for a rise to -10K. There was no impact to this data as this release confirmed the leak which came out about 20 minutes ... ...

Forex Trading News: USDJPY Holds Channel As the USD extended its losses during the Asian session, the USDJPY has tested the support on this ascending channel 4 times thus far only to bounce off. Go to Full Article

Forex Trading News: CHF Employment Level Released The CHF Employment Level comes out at 3.92M from the previous 3.90M. This was forecast for a slight rise to 3.91M. The CHF did not react much to this data. Go to Full Article

Forex Trading News: UK Nationwide House Price Index Released The UK Nationwide HPI comes out at -1.9% from the previous -1.7%. This was forecast for a slight rise to -1.5%. The GBP was already softening up before this data. The GBP was dragged down further after the worse than forecast...

Forex Trading News: EURUSD Finds Nice Support at 61.8% The EURUSD was able to break through the 61.8% level during the Asian session, which was the resistance at the time. Now this same level has provided a strong support as the pair has bounced off a few times breaking 1.4800 hitting ... ...

Forex Trading News: Forex and Economic Preview (8/28/2008) Attached are the Forex and Economic releases and previews for today. Go to Full Article