Cowabunga System Daily Update- Monday, 08/25/08 Back from vacation and I was ready to get back in the markets, but did I? See how it all went down in today's Cowabunga Surf Report. Go to Full Article

Forex News: JPY CSPI OUt at 1.3% JPY CSPI YoY. Expected at +1.2%. Actual +1.3%. Priior +1.2%. This is the change in the price of services purchased by corporations. It is released monthly about 25 days after month end and is a leading indicator of consumer inflation. Go to Full Article

Yen Rises As Risk Carry Interest Diminishes Bank of Japan Governor Masaaki Shirakawa roused little interest among rate watchers with a speech on monetary policy early this morning. Comments made... Go to Full Article

Drop In Stocks And Commodities Keeps Commodity Currencies Under Wraps There was little activity in the commodity bloc Monday morning as the usually quiet entry to the week was exacerbated by the disappointing performances... Go to Full Article

Pound Volatility Leveraged By Low Liquidity Though most of the UK financial sector was closed for Monday?s Summer Bank Holiday, the British pound was more volatile than it has been in some time.... Go to Full Article

ECB Withdrawing Support For Banks While Fed Boosts Its Aid The euro was mixed against its most liquid counterparts Monday as a lack of tangible event risk left traders to the range bound and congestive price action... Go to Full Article

Dow Jones Falls 241 points, Dollar Rallies against Commodity Currencies - Dow Jones Falls 241 points, Dollar Rallies against Commodity Currencies - Pound Volatility Leveraged By Low Liquidity - ECB Withdrawing Support For Banks... Go to Full Article

Dow Jones Falls 241 points. What does it mean for USD/JPY? The U.S. stock market fell sharply on Monday on renewed concerns over the health of several financial firms. Yet, despite the strong correlation between... Go to Full Article

Dollar Ranges Could Fall With Tomorrow's FOMC Minutes (Forex Video) Dollar may find volatility with direction tomorrow as the market prepares for the FOMC minutes and a few noteworthy housing and sentiment indicators. Go to Full Article

Euro Crosses: Breakout Potential Exists The Euro crosses, notably the EURGBP and EURAUD, could break through significant resistance in the coming weeks. Now is the time to position for the moves. Go to Full Article

Utility Sector ETFs Are Plentiful, But They’re In Need Of A Jolt Utility sector exchange traded funds (ETFs) are often looked to for an element of predictability, but JP Morgan has misjudged this sector with regard to US electric utilities. In recent article, Jonathan Bernstein of ETFZone...

US Existing Home Sales Rebound With A Tentative 5-Month High See the article... Go to Full Article

Forex Trading: Consolidation is the order of the day Not only is the EURUSD consolidating on a technical basis but so are the other major currency pairs. Taking a look at the USDJPY, GBPUSD, USDCHF and the EURUSD, they all have the 100 and 200 day moving averages converging on each other. ... ...

Forex Trading: Europe on Holiday today. EURUSD converging at ... The technical picture for the EURUSD continues to remain bearish from a longer term perspective. On the daily chart, the move to the down side has not dramatically been altered. The pair has remained near the bottom - choosing...

Forex News Preview: US Existing Home Sales due out at 10:00 AM EDT read more. Go to Full Article