27 June Probability Studies Although price has consolidated for most of the Asian session, our weakening dollar bias is still in play. High oil and no signs of a Fed bailout sent the Dow down 350 points on risk aversion. We also saw Japan’s CPI rocket to 1.5% ... Go to Full Article

June 27 market commentary and technical levels Fri, 27th of June, 2008 By Setyo Wibowo (analyst@fxinstructor.com). EURUSD Outlook The EURUSD continued it’s bullish momentum. Yesterday the pair hit my long target 1.5725 even further, topped at 1.5766. However, it can be very tricky ... ...

Cowabunga System Daily Update: Friday, 06/27/08 Cowabunga Dudes! It was another great day as I was able to grab 55 pips off of two trades. See how it all went down in today's Cowabunga Surf Report. Go to Full Article

Forex Trading: NZDUSD benefits from weak dollar The NZD dollar has benefitted from a broadly lower dollar despite the -0.3 GDP and worse than expect trade balance last night. The benefit is more a reflection of the dollar weakness rather than NZD strength. ... Go to Full Article

Forex Trading: Dollar getting hit as Moody's puts Morgan Stanley ... The dollar is under pressure as USDJPY, EURUSD, USDCHF and GBPUSD all are in tandem. Dow down 125. EURUSD has broken through trendline resistance at the 1.5771 level. Watch this level this afternoon. USDJPY is pressures as...

Forex Trading: GBPUSD trading at new 2 month highs. The GBPUSD is trading at new two month highs as the dollar continues to weaken. Yesterdays high of 1.9893 will be used as support for traders today. The pair sold off overnight on weaker GDP data reaching a low of 1.9807 but rebounded ... ...

Forex Trading u of Michigan Confidence on target at 56.4 Curent conditions weaker at 67 agst May's 73.8. Expectations lower as well at 49.2 agst May's 51.1. Go to Full Article

Forex Trading: US Michigan Consumer Confidence comes in at 56.4. Final 56.4 versus expectation of 56.7. The consumer will remain gloomy in this economic environment needless to say. read more. Go to Full Article

Forex Trading: EURUSD consolidating as oil begins to hurt all The EURUSD pair is consolidating as the market is pondering how the last surge in oil effects growth and inflaton the Eurozone and in the US. Nevertheless the pair remains near the 3 week high level. read more. Go to Full...

USDCAD: Position for a Breakout The USDCAD is expected to break higher from a triangle in the next few weeks. The minimum objective is above 1.0378 but a target is near 1.05 (Fibo extension... Go to Full Article

GBPAUD: Rally to Accelerate We?re ahead nicely on the GBPAUD trade and are publishing an update to the trade. Go to Full Article

Yen Soars as Fear Returns, Pound Rallies on Improved CA - More Dollar Weakness to Come? Talking Points - Japanese Yen: nears 106.00 as risk aversion - Euro: Holds 1.5750 despite weak Retail Data - British Pound: Soars to 1.9900 as Current... Go to Full Article

The Fed’s Balancing Act Today the Fed’s Open Market Committee (FOMC) met to discuss monetary policy and did what was widely expected—nothing. By holding the fed funds target rate at 2%, the FOMC is breaking its streak of seven straight meetings with rate cuts. ... Go to Full Article

Iranian Oil Production Verging On Disaster The Oil & Gas Journal (5/5/08) published an analysis of the Iranian oil industry that begins: “The Iranian oil and gas industry approaches its 100th anniversary bloated, corrupt, and nearly bankrupt, managing four times the employees ... Go to...

Cowabunga System Daily Update: Thursday, 06/26/08 Well after waiting for 2 days for a trade, I was finally able to catch a wave and ended up with a cool 27 pips today! See how it all went down in today's Cowabunga Surf Report. Go to Full Article