Forex Trading: NZDUSD approaching resistance The NZUSD is approaching resistance at the 0.7831 level. The 200 hour moving average is located at this level. The level is also a low from the the 28th. Go to Full Article

Forex News- U of Michigan Consumer Confidence Preliminary Number: Expected at 59.5- Came in at 59.8. Although this number is slightly better, it is still an all time low. With high inflation, and weaker employment, and housing crisis still ongoing, consumer confidence will remain ... Go...

Forex Trading: USDCAD fails to hold the 0.9956 level and corrects The USDCAD could not hold above the 0.9956 level and corrected sharply lower (see earlier post on USDCAD). The pair moved below the 50 retracement level of the days range which puts the market back to neutral. ... Go to...

Forex News: Chicago PMI 49.1. Higher than expected Price 87.5 versus 82.9 last. Employment rebounded to 41.2 from 35.3. New orders were also up at 56.1 from 53.0. This is higher than expectation but still below the 50 level. Suggest sluggish manufacturing with higher prices. Go to Full...

Canada GDP Contracts For The First Time In Nearly 5 Years The Canadian economy may not be handling the slowdown in the US economy (its largest trade partner) and the stifflingly high level of its currency as well... Go to Full Article

British Pound Holding Critical Support From a technical point of view, the focus is on the GBPUSD this morning. The pair has held above yesterday's low at 1.9673 and mabe forming a triple bottoms... Go to Full Article

A Drop in German Retail Sales and Rising Inflation Leave ECB In A Tough Spot. See the article... Go to Full Article

Euro Dips Below 1.5500 As German Retail Sales Plunge Talking Points - Japanese Yen: 105.50 holds most of night as Nikkei rallies - Euro: German Retail Sales plunge pushing unit below 1.5500 - Pound: Plumbs... Go to Full Article

Forex Trading News: German Retail Sales Out Lower Than Forecast German Retail Sales comes out at -1.7$ from the previous -2.2%. This was forecast at 0.6%. This lower than forecast data has dragged down the EUR to session lows accross the board. Go to Full Article

Forex Trading News: JPY Housing Starts Out Higher Than Forecast The JPY Housing Starts comes out at -8.7% from the previous -15.6%. The forecast was at -11.8%. The JPY gained strength after this data. Go to Full Article

Forex Trading News: May 30th Forex and Economic Preview Attached is the Forex data for the Tokyo and London sessions today. Go to Full Article

VIDEO: May 30th 2008 Daily Forex Newscast Forex.fxdd.com - Last ... VIDEO: May 30th 2008 Daily Forex Newscast Forex.fxdd.com - Last trading day of the week! Go to Full Article

May 30 market commentary and technical levels Fri, 30th of May, 2008 By Setyo Wibowo (analyst@fxinstructor.com). EURUSD Outlook Yesterday, EURUSD short term bearish momentum continued. The pair reached my short target at 1.5550, even further, bottomed at 1.5485 and closed at 1.5510 ... Go...

British Pound Weighed Down By Sharp Drop In UK Home Prices While the British pound recovered somewhat from a steep decline during the European trading session, the release of weaker-than-expected house price data... Go to Full Article

Cowabunga System Daily Update: Thursday, 05/29/08 It was a pretty dull today and I pretty much broke even. See how it all went down in today's Cowabunga Surf Report. Go to Full Article