Forex Trading: USDCHF remains bullish as it tracks higher The USDCHF has been tracking the 100 hour moving average, maintaining closing levels above the key moving average (see blue line above). The move below at "3" triggered stops on the move but quickly moved higher (stop hunting). ... ...

Forex News: ECBs Stark on the wires CRISIS TO DAMP EURO-AREA DEMAND FOR SOME TIME; RECENT RATE CUTS REMARKABLE, UNIQUE IN ECB HISTORY; ECB CREDIBILITY BASED ON PRICE STABILITY COMMITMENT; SHOWN IT CAN REACT RAPIDLY TO EXCEPTIONAL EVENTS; WEAKEN ECB PRINCIPLES WOULD ... Go to Full Article

Forex Trading: EURUSD tests 200 hour moving average The EURUSD is testing the 200 hour moving average at the 1.2737 level. The market will be watching this level . Go to Full Article

Forex News: U of Michigan Sentiment slightly higher than expectations The U of Michigan Consumer Sentiment rose to 57.9 from 57.6. This was higher than expectations (56.7) but still at low levels. The all time low was 56.4 in June 2008. Go to Full Article

Has The Us Dollar Hit A Top Or Is This A Mirage? In every major bear market, there are relief rallies and that is what we have seen today. The Dow Jones Industrial Average dropped more than 300 points during the US trading session before reversing violently to end the day up more than 550...

No Follow Through Rally - Euro Drifts Lower All Night Asian and European equity markets followed through with only a modest rise after the 900 point turnaround to the upside in the DJIA yesterday and risk currencies drifted lower as a result with EUR/USD trading back below the 1.2700 handle...

GVI Forex Analysis: N.Y. Open The focus is back on the U.S. following the late afternoon surge in equity prices on Thursday. Most are prepared for a correction today into the weekend, and are dismissing the move as a bear market rally. Mainly weak u.S. data are expected today. Go to...

Dollar doubts to increase There are likely to be increasing doubts over the US economy, especially given the surge in debt issuance and this will provide a stern test of dollar confidence. Go to Full Article

Euro Rallies While Sterling Continues to Fall The dollar was mixed in intraday trading as volatility and risk aversion continue to be a strong trend in the marketplace. The EurUsd spiked over 250pips to the high 1.27 price area, in addition the UsdJpy also experienced substantial gains up...

Asia opens higher on momentum from Wallstreet’s 11% bounce back in final moments of trading yesterday. The Nikkei 225 is up 2.7% this morning, the Hang Seng is up 3% and the same is for the other Asian indices this morning. Wall street’s epic and historic 11% bounce back to end the...

Dollar and Yen dropped on lower risk aversion trading but demand for safety stay strong The Dollar fell against the Euro on Thursday as a strong performance on Wall Street helped ease extreme risk aversion, reducing demand for safety. The Yen tumbled against the Dollar, the Euro and...

Retail Sales: Largest Monthly Decline on Record in October Gain a wider view of the factors behind current economic news with comprehensive analysis and commentary from Wachovia Economic Commentary and Currency Risk Management Groups Click for the full report. Go to Full Article

Euro Intraday Volatility Impressive; Breakout Next Week? High volatility within the confines of a range indicates heightened trading activity. This dynamic is what leads to directional breakouts and extended... Go to Full Article

US Consumer Confidence Unexpectedly Improves But Are Things Improving? The preliminary reading of the Reuters / University of Michigan consumer confidence survey for November improved unexpectedly over the previous month's... Go to Full Article

FXcast Announces New Type of Forex Traders Competetion — FXcast ... FXcast announced a new type of the Forex trader’s competition today — the Hall of Fame type of competition. You don’t need to open some special account for it or pay for entering the competition. The contest is...