Forex News: Japan Finance Minister on wires The G8 will seriously talk about oil prices and global economy. Expresses concern about Japans economic outlook. The G8 meeting this weekend in Osaka Japan is shaping up to be a potentially market moving event. Go to Full Article

Forex Trading: EURUSD has support region The EURUSD is testing the support region which has a retracement level and the 100 and 200 hour moving average. The market seems content at the moment to waffle above and below the 1.5576 moving average. The low so far was 1.5557. Go to Full Article

Forex Trading: Markets get volatile on Bernanke comments The USDJPY has broken above the 106.42 level and squeezed higher. The EURUSD is back below the 1.5600 level. EURUSD approaches good support at the 1.5578 and 1.5563 level where the 100 and 200 hour moving averages are situated. ... ...

Forex News: Bernanke comments in the WSJ The jobless jump in May will not influence the rate outlook going forward. This is reported in the WSJ. The likelihood of a serious recession has fallen. Growth risks remain to the downside. The thought is the Fed is unlikely to raise ... Go to...

Forex news: Japan Machine Orders Increased by 5.5% mom This was better than expected but the measure is quite volatile. The USDJPY has not been influeced by the stronger number so far. 106.27 trades. Go to Full Article

Forex News: Japan Machinery Orders (MoM) / (YoY) Expected (MoM) at 3.0% Previous -8.3%. Actual + 5.5%. Expected (YoY) at -1.7 % Previous -8.2%. Actual + 5%. This data is an indicator of corporate spending. A higher number indicates more business confidence and an employment positive ... ...

Forex: Eur/Usd hit 50% retracement level Eur/Usd hit the 50% retracement and starting to build a base to move up higher. We have to watch out for 8:15pm when Brenanke speaks; he might continue talking about a strong dollar policy and drive the Eur/Usd lower. Go to Full Article

Week Ahead - June 9 - 13 This Weeks Calendar. Below is a Consolidated Summary of Scheduled News Events that I am watching. for the "Week Ahead" Note: All times are listed in US Eastern Time Zone and there are other scheduled events that I may not have listed. ... Go to Full Article

June 10 market commentary and technical levels Tue, 10th of June, 2008 By Setyo Wibowo (analyst@fxinstructor.com). EURUSD Outlook Easy come, easy go. After 2 days of a very strong bullish momentum, The Euro slumped sharply against US Dollar yesterday and early today. ... Go to Full Article

Lehman Brothers Raising Capital—Again Lehman Brothers Holdings, Inc. (LEH: 29.48 -2.81 -8.70%) is projecting a loss of $2.8 billion for the second quarter ended May 31. The company experienced a far worse quarter than even the most pessimistic of Wall Street estimates. ... Go to Full...

Why Oil Stocks Rose As Oil Fell THE FINAL NUMBERS - MIXED MARKET NEWS: A mixed day on Wall Street as the blue chips hold onto small gains and the technology stocks fall. The Dow closed with a gain of 70 points or 0.6% after being up triple digits earlier. ... Go to Full Article

Ben Bernanke: Turning a Blind Eye to Weak US Data? On Monday evening, Bernanke reiterated the Federal Reserve’s commitment to contain inflation, driving the US dollar higher in what would otherwise have been a quiet Asian trading session. Over the past 24 hours,the US government has ... ...

US Dollar Intervention: Is it Possible? Well anything is possible in this world, but despite jawboning by Bernanke and Paulson, I do not expect physical intervention in the dollar by the US government. The last time that the Federal Reserve intervened in the currency markets ... Go to...

Photos from Asia! Here are some photos from my Asia trip. Enjoy! Stop #1: The traffic in Ho Chi Minh City. Go to Full Article

Cowabunga System Daily Update: Monday, 06/09/08 It was a nice start to the week today as I was able to grab almost 20 pips! See how it all went down in today's Cowabunga Surf Report. Go to Full Article