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Forex Trading: EURUSD testing support at 1.5701
The EURUSD has come off after the spike on the New Home Sales data. The 1.5701 level is the 200 bar moving average on the 4 hour chart.
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Forex Trading: EURUSD takes out support at 1.5701 area
.... and stops kick in.
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Forex News: Canada Monetary Policy Report comes out.
The Canada Monetary Policy report was largely on the neutral side. However, Carney warns about expecting cuts in the future. The Canadian dollar has got a bid to it as a result (USDCAD declines):. read more.
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Forex Trading: EURO is the dog
The EURO has been the dog for the day. The pair sold off overnight on weaker IFO out of Germany, was pressured further after the 8:30 AM US numbers, then bounced on the housing data. The bounce was strong enough and the housing data was ...
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Forex Trading: NZDUSD testing 100 day moving average.
The close is the important level. A close below the 0.7865 level will be the key for the pair. Longer term traders will be watching this level today.
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Forex News: Japan Consumer Price Index YoY due at 7:30 PM
read more.
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Forex News: Japan CPI comes in at +1.2% YoY Core 1.2% YoY
As expected. Tokyo CPI up 0.7 versus 0.5 expected. This is a touch higher because of the Tokyo. Although in line, it is accelerated due to higher energy and a drag on growth. USDJPY trades at 104.28.
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Forex Video News: Economic Releases for Friday April 25th 2008 by ...
Forex Video News: Economic Releases for Friday April 25th 2008 by Forex.FXDD.com.
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Forex Trading: EURUSD between 1.5670 and 1.5690
The EURUSD is hanging between the 1.5670 and 1.5690 in Tokyo trading. A break over the 1.5700 level would target the 1.5727 area (21 hour moving average). On the downside. the 1.5671 level was the low on Monday April 14th, ...
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Forex Trading: EUR/USD may have temporarily bottomed out on a ...
EUR/USD may have temporarily bottomed out on a longer term chart, as the previous low of 1.5636 was a 1.236 extension of the 5th wave as shown. It looks like EUR/USD may enter into a corrective wave cycle.
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Dollar Extends Gains as Major Reversal Continues
The dollar rally continued Friday morning as expected. Although a decline (dollar) is possible over the next few days, it should prove corrective and give...
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AUDUSD: Is This the Reversal?
An AUDUSD multi-year top may be in place.
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Forex News: U.K. Growth Slows Most in Three Years
See the article...
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Pound Rallys As Growth Numbers Ease Recession Fears
Talking Points - Japanese Yen: Inflation Rises to Highest In a Decade - Swiss Franc: USD/CHF Above 104, First time in Over a Month - Euro: Breaks Below...
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EURUSD to Retrace Before Trend Reversal, Hedge Offers Entry
The EURUSD has been rising steadily this year, with a souring in Euro Zone data insufficient to halt the pair as momentum was determined to reach the historic...
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