Commodity Dollars Down As Traders Continue To Sell High-Yielders Weakness in commodities, risk aversion, and broad US dollar buying has weighed heavily on the high-yielding commodity dollars, including AUD/USD and NZD/USD. Go to Full Article

British Pound Tumbles Despite BOE Decision To Leave Rates Steady -?? Why? Looking at the British pound versus the US dollar on Thursday, one would think the Bank of England had surprisingly cut rates. Go to Full Article

Euro Pummeled as ECB Turns Attention to Downside Economic Risks Despite an initial surge higher, the Euro tanked following the release of the European Central Bank?s rate decision. Go to Full Article

US Dollar: Bullish Break May Signal Additional Gains To Come - Euro Pummeled as ECB Turns Attention to Downside Economic Risks - British Pound Tumbles Despite BOE Decision To Leave Rates Steady - Why? Go to Full Article

07 August Probability Studies - Boe, ECB Decides on Rates Today All eyes and ears will be on the above announcements and we can expect price to consolidate well into the European session as investors await the decisions. Although Trichet has remained moderately on the Hawkish side, ... Go...

Forex Trading: EURUSD and GBPUSD trading at lows into the close As NY heads into the close the EURUSD and the GBPUSD are trading at the lows for the day. The day was a volatiel 24 hours with a move higher before the pair moved lower on the concerns on growth by the ECB. The dollar ignored...

Forex Trading: GBPUSD staying below the 1.9453 resistance as ... The GBPUSD is remaining below the resistance level of 1.9453. This is the lowest closing level for the pair in 2008 (see earlier post). The corrective move has taken the pair to 1,9452. A move above the 1.9453 level would most...

Forex Trading: USDJPY remains contained by the 50% Retracement level The USDJPY remains below the 50% retracement level of the longer term move from the June 22nd, 2007 high of 124.13 and the March 17th 2008 low of 95.73. That level comes in at 109.93. read more. Go to Full Article

Forex Trading: GBPUSD approaching June 13th low The GBPUSD has been dragged down along with the EURUSD today. The pair is approaching the June 13th low of 1.9408. The lowest close for the year is 1.9453. Watch this level intraday as a resistance level. Go to Full Article

Forex Trading. Dollar extends the gains on stronger home sales It is looking more and more like the EURUSD wants to test the low range support level athe 1.5284 at some point in the near future. The latest Home Sales news pushed the EURUSD comfortably below yesterdays low level of 1.5398. ... ...

Forex News: US Pending Home Sales Stronger than expected Up +5.3% versus expectation of -1.0%. Still down 12.3 for the year. Go to Full Article

Forex News: Stocks open down 100. Oil up $2.00 This should put some pressure on the dollar. Expect continued volatility today. Go to Full Article

Forex Trading: EURUSD's wild 30 minutes The last 30 minutes took the market to the resistance and back to the suppot outlined in the pre 8:30 comment (see comment by clicking here). The top was 1.5502 versus the top resistance of 1.5510-15 and the downside support was 1.5398 ... Go to...

Forex News: Trichet comments covers it all The comments first focused on inflation, then growth, then both. This indicates that the ECB is sufficiently confused to keep things where they are for the foreseeable future. A couple of key comments were wage settelements will be eyed ... Go...

Forex Trading - ECB Comments Post-Rate Decision Following the ECB's decision to keep rates unchanged, they released the following key commentary:. Inflation will remain above 2%. Crucial to avoid second round effects. Inflation risks remain to the upside. Weaker GDP growth expected. ... ...