FOREX EASY WAY TO TRADE

EUR daily outlook

2009-06-29T01:31:00.000-07:00

The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed and activity parity of both parties marked by OsMA trend indicator as the result of previous trading day keeps preserving uncertainty concerning the choice of planning priorities for today

Read more................

EUR: Attempt longs at 1.4005; stop below 1.3800

2009-06-29T01:25:00.000-07:00

Still consolidating under the increasingly important 1.4200 level but giving up very little room. Bullish momentum should increase slightly if we can hold above 1.3900 this week. Only a weekly close above 1.4200 will really get things going and another big round of short-covering

Read more...........

USD/CHF Current Price: 1.0887

2009-06-29T01:23:00.001-07:00

Neutral to slightly Bullish Hourly Sentiment is Seen as Price works through and Accumulating Range of 1.0798 Daily Static Support to 1.0913 Daily Static Resistance

Read more...........

USD/JPY Current Price: 95.36

2009-06-29T01:20:00.000-07:00

Neutral to Bearish Sentiment is seen with Price just entering a 20SMA/200SMA Bearish Hourly Cross, as the 20SMA is providing Dynamic Support with holding on the Daily Pivot @ 95.42.

Read more............

GBP/USD Current Price: 1.6443

2009-06-29T01:17:00.000-07:00

Neutral to Corrective Bullishness is Seen, as Hourly Sentiment with Price finds a slight Reversal of the 20SMA/200SMA Hourly Bullish Cross with the 20SMA providing Dynamic Resistance Confluence at the 1.6482 Daily Pivot

Read more........

EUR/USD Current Price: 1.3992

2009-06-29T00:59:00.000-07:00

Neutral to Bearish Sentiment is Seen as Price finds a Bounce from the 1.4000 Handle Static Support caught at the Daily Pivot/20SMA Dynamic Resistance Area

Read more...........

Today's Trading Signals

2009-06-29T00:31:00.000-07:00

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Read more...........

Currency Majors Technical Analysis

2009-06-29T00:23:00.000-07:00

1,4029. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3890 and 1,4110. The volatility is low. Bollinger bands are flat

Read more..........

EUR/USD: (1.4033) Above Triangle pattern, but at apex

2009-06-29T00:15:00.000-07:00

Daily Long Term Moving Average↑ (1.3934 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex

Read more.............

Daily Forex and Dow Jones outlook

2009-06-29T00:06:00.000-07:00

1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430(published on 23.10.2008)

Read more.......

Crude Oil Weekly Technical Outlook

2009-06-28T23:15:00.000-07:00

Crude oil's fall from 73.23 extended to as low as 66.25 last week but rebounded strongly. Nevertheless, such rebound was limited at 71.29, below 72.55 resistance and crude oil weakened towards the end of the week

Read more..........

Forecast on US Dollar Minors

2009-06-25T07:01:00.000-07:00

breached the prior day's trading range and closed @ 10980 which was well above the open. FED Chairman Bernanke Testifies

Read more........

EURCHF update

2009-06-25T06:59:00.001-07:00

The euro rallied on yesterday as a result of the SNB intervention - selling francs. The pair is expected to trade violently for a while

Read more..........

AUDUSD update

2009-06-25T06:51:00.000-07:00

Resistance into the .8050 region formed by the upper band of a downward trend channel could not be breached on yesterday and the Aussie dollar is losing strength

Read more........

EURUSD update

2009-06-25T06:27:00.000-07:00

The euro dropped on yesterday, not being able to hold gains above the 1.4000 mark. The fast decline was mainly caused by the SNB intervention against the CHF

Read more........

Forecast on US Dollar Majors

2009-06-25T06:19:00.000-07:00

has been very difficult to predict in the recent days as the price signals are very noisy and closed @ 13930 which was below than the open

Read more........

USD/JPY Daily Outlook

2009-06-25T06:12:00.000-07:00

Although dlr has moved higher after intra-day brief retreat n abv o/head res at 96.36 wud extend the upmove fm this week's low at 94.88 to 96.50/60, near term loss of momentum shud cap upside below 96.90 n yield pullback later

Read more..........

Forex News and Events

2009-06-25T05:26:00.000-07:00

While the FOMC failed to excite the market, it was SNB's currency intervention which provided the day's fireworks

Read more.......

Technical News

2009-06-25T05:23:00.000-07:00

The GBP/USD pair has been very volatile lately. Nonetheless, the current upward trend may be under threat, as the chart's hourly MACD indicates that the pair is overbought

Read more........

Crude Oil Inventories Data to Drive Oil Trading Today

2009-06-25T05:17:00.000-07:00

Crude Oil prices rose nearly 4% on Tuesday to $68.59, as the U.S Dollar weakened and disruptions from OPEC member Nigeria stoked supply concerns

Read more............

Yen Falls against the USD on Economic Concerns

2009-06-25T05:15:00.001-07:00

The Japanese currency fell sharply on Tuesday, falling against most of its major currency pairs, tumbling from creeping doubts about the sustainability of any economic recovery

Read more..........

EUR Rises to a 2 Week High vs. the USD

2009-06-25T05:12:00.000-07:00

The EUR rose 1.6% against the Dollar to $1.4075 in late afternoon trading yesterday, after hitting a session peak of $1.4109. It was the biggest one-day percentage gain since May 8

Read more........

USD Under Pressure Ahead of Interest Rate Announcement

2009-06-25T04:52:00.000-07:00

The U.S. Dollar went bearish against most major currencies on Tuesday, as uncertainty ahead of today's Federal Funds Rate announcement put the USD under strong selling pressure

Read more........

NZD/USD Commentary and Trade Ideas

2009-06-25T04:30:00.000-07:00

This pair has retreated very little from the highs made earlier this month. The commodity/inflation story has been told so many times it is becoming a fable

Read more.........

AUD/USD Commentary and Trade Ideas

2009-06-25T04:28:00.000-07:00

International political turmoil combined with lower commodities and equities has caused the AUD to take a dive this morning

Read more...........

USD/CAD Commentary and Trade Ideas

2009-06-25T04:25:00.000-07:00

All the potential inputs to the the Loonie seem to have turned negative at once

Read more..........

USD/CHF Commentary and Trade Ideas

2009-06-25T04:23:00.001-07:00

The SNB will keep rates unchanged and intervene if necessary to keep the franc from appreciating

Read more........

USD/JPY Commentary and Trade Ideas

2009-06-25T04:21:00.001-07:00

The yen has gained a bit on the dollar this morning selling off a little under 95.75. Turbulent political conditions in N. Korea and Iran, combined with weaker equities has caused some yen demand

Read more......

GBP/USD Commentary and Trade Ideas

2009-06-25T04:18:00.000-07:00

This pair has been hard on the sellers since it started it's upward climb back in March, but maybe it will be different this time

Read more........

EUR/USD Commentary and Trade Ideas

2009-06-25T03:46:00.000-07:00

Great news for FOREX traders. In a recent survey of experts, the forecast for the year end price of the EURUSD could be 1.16 or 1.55 depending on your choice of the experts

Read more...........

Markets overnight

2009-06-25T03:31:00.000-07:00

The US Federal Reserve decided, as expected, to maintain the fed funds rate at the current target range of 0.00-0.25% and leave the size, timing and scope of its security purchase programmes unchanged

Read more.........

Asia Session

2009-06-25T03:17:00.000-07:00

After a strong run overnight in NY, the Dollar lost its grip in Asia, giving back ground to all but the Yen which faced perils of its own as stocks posted a second day of gains and traders looked to get back into riskier assets

Read more........

S&P 500 UltraShort ETF (SDS) at Channel Bottom

2009-06-25T03:11:00.000-07:00

Since yest. 's high, the UltraShort S&P 500 ProShares (NYSE: SDS) has declined from near the top of its June price channel (59.50-60.00), to the bottom of the channel in the vicinity of 56.40. The low today so far is 56.50

Read more.........

FOMC helps US Dollar Recover

2009-06-25T03:04:00.000-07:00

U.S. Dollar Trading (USD) continued to trade in a wide range with the market selling USD ahead of the FOMC only to buy them back after a less dovish than expected statement

Read more.........

Dollar rebounds against European currencies as Fed removes low inflation warning

2009-06-25T02:55:00.000-07:00

The greenback rose against European currencies on Wednesday as the Fed left interest rates unchanged as expected but removed the warning that inflation could be undesirably low

Read more..........

UPDATE: Netherlands 1Q GDP -4.5% On Yr,Largest Fall In 60 Yrs

2009-06-25T02:46:00.000-07:00

The Netherlands' first-quarter gross domestic product posted the largest contraction in more than 60 years, the Dutch Central Bureau for Statistics, or CBS, said Thursday

Read more.......

AUD/USD: Aussie recovery reaches 0.8000/15 resistance level

2009-06-25T02:38:00.000-07:00

Australian Dollar was rejected at 0.8050 resistance and dropped to 0.7930 low afterwards to bounce, after Fed's statement reaching resistance area at 0.8000/15 at the time of writing

Read more........

Asian markets have risen on Thursday for second consecutive day

2009-06-25T02:31:00.000-07:00

Asian markets have risen on Thursday for second consecutive day, after the Federal Reserve affirmed that the pace of U.S. economic decline is easing. Euro and Pound attempt recovery after yesterday's declines

Read more........

COAL DATA: Vietnam Expects June Coal Exports Up 68% On Year

2009-06-25T01:47:00.000-07:00

HANOI -Vietnam expects coal exports to rise 68% on year in June to 2.1 million metric tons, according to figures issued Thursday by the General Statistics Office

Read more......

Asian Shares Rise Post-Fed; Techs, Financials Lift

2009-06-25T01:36:00.000-07:00

Asian share markets shrugged off a mixed lead from Wall Street to post some solid gains Thursday, with technology shares supporting in Tokyo and Seoul

Read more..........

Asian Shares Rise As Tech Stocks Underpin; Nikkei +1.0%

2009-06-25T01:05:00.000-07:00

"There seems to be no powerful catalyst to shoot up the stock market for the time being, at least this month," said You Seung-min at Samsung Securities in Seoul

Read more.............

US Dollar remains strong ahead of Asia

2009-06-25T00:55:00.000-07:00

Dollar remains strong after FOMC held rates near zero, and highlighted fresh signs of economic stability and the potential for an economic rebound, and with no suggestions of expanding their quantitative easing policy
Read more......

Argentina Stocks, Bonds Up On Early Wall St Gain; Peso Up

2009-06-25T00:36:00.000-07:00

Argentine stocks and bonds closed higher Wednesday, getting a boost from the early gains on Wall Street and a relatively stable peso that inspired confidence

Read more........

Mexico's Stocks Close Higher On US Data; IPC Up 0.9%

2009-06-25T00:29:00.000-07:00

The local stock market's IPC index of 35 most-traded issues rose 0.9%, or 214.85 points, to close at 23,711.24. Volume was heavy at 290.8 million shares traded at a total of 6.2 billion pesos ($466 million)

Read more...........

US May Building Permits Unrevised, Remain Up 4%

2009-06-25T00:20:00.000-07:00

U.S. building permits for May were not revised, remaining up 4.0% from April, to a seasonally adjusted rate of 518,000, the Commerce Department reported Wednesday

Read more........

UPDATE: IMF: Ireland Must Take More Steps To Control Spending

2009-06-24T23:56:00.000-07:00

Following years as a star performer, Ireland is undergoing a painful adjustment as critical internal imbalances unwind," the IMF said in its annual Article IV assessment of the Irish economy

Read more.........

USD/CHF tests intra-day high at 1.1020

2009-06-24T23:49:00.000-07:00

The Swiss Franc is having the worst day since March against the Dollar. USD/CHF is now below 1.1000 after testing intra-day highs at 1.1020 for the second time in the sesionl after the released of the FOMC decision

Read more.........

3rd UPDATE: BOE King: Powers, Responsibilities Must Be Aligned

2009-06-24T23:47:00.000-07:00

he also reiterated his concern that, at present, the bank has no real powers to fulfill its new statutory responsibility for financial stability

Read more...........

Silver Daily Technical Outlook

2009-06-24T07:02:00.000-07:00

Silver's sidewya trading from 13.595 is still in progress and with 4 hours MACD crossed above signal line, intraday outlook is turned neutral for the moment

Read more........

EURUSD

2009-06-24T06:56:00.000-07:00

EURUSD ex-resistance line at 1.3997 was broken and positive trend has started, for now to break this trend, bears needs to push prices at least to the 1.3990 price level

Read more........

Today's Trading Signals

2009-06-24T06:52:00.000-07:00

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Read more.........

NZD/USD Commentary and Trade Ideas

2009-06-24T06:51:00.000-07:00

This pair has retreated very little from the highs made earlier this month. The commodity/inflation story has been told so many times it is becoming a fable

Read more.......

AUD/USD Commentary and Trade Ideas

2009-06-24T06:50:00.001-07:00

International political turmoil combined with lower commodities and equities has caused the AUD to take a dive this morning

Read more.........

USD/CAD Commentary and Trade Ideas

2009-06-24T06:48:00.000-07:00

All the potential inputs to the the Loonie seem to have turned negative at once. After the experts began touting the bull side of the crude market

Read more.........

USD/CHF Commentary and Trade Ideas

2009-06-24T06:47:00.000-07:00

The SNB will keep rates unchanged and intervene if necessary to keep the franc from appreciating. If the intervention threat is real why not try the buy side of the dollar on weakness, down into the 1.0750/1.08 area

Read more........

USD/JPY Commentary and Trade Ideas

2009-06-24T06:46:00.000-07:00

GBP/USD Commentary and Trade Ideas

2009-06-24T06:45:00.000-07:00

This pair has been hard on the sellers since it started it's upward climb back in March, but maybe it will be different this time

Read more......

EUR/USD Commentary and Trade Ideas

2009-06-24T06:10:00.000-07:00

Great news for FOREX traders. In a recent survey of experts, the forecast for the year end price of the EURUSD could be 1.16 or 1.55 depending on your choice of the experts

Read more.....

Markets overnight

2009-06-24T06:03:00.000-07:00

US equity markets followed the European markets lower and the S&P500 closed down by 3.1% – taking the index back into negative territory for the year

Read more.........

Forex News and Events

2009-06-24T05:54:00.000-07:00

In light trading, risk appetite has stabilized with USD weakening, while equities and commodities temporarily halted their downside slide

Read more......

Technical News

2009-06-24T05:53:00.000-07:00

The pair reached as high as the 1.4100 level today, before dropping down to the 1.4080 level. This recent bullishness may continue according to the weekly chart's MACD and RSI

Read more.......

Crude Oil Inventories Data to Drive Oil Trading Today

2009-06-24T05:51:00.000-07:00

Crude Oil prices rose nearly 4% on Tuesday to $68.59, as the U.S Dollar weakened and disruptions from OPEC member Nigeria stoked supply concerns

Read more.....

Yen Falls against the USD on Economic Concerns

2009-06-24T05:50:00.000-07:00

The Japanese currency fell sharply on Tuesday, falling against most of its major currency pairs, tumbling from creeping doubts about the sustainability of any economic recovery

Read more........

EUR Rises to a 2 Week High vs. the USD

2009-06-24T05:49:00.000-07:00

The EUR rose 1.6% against the Dollar to $1.4075 in late afternoon trading yesterday, after hitting a session peak of $1.4109. It was the biggest one-day percentage gain since May 8

Read more.......

USD Under Pressure Ahead of Interest Rate Announcement

2009-06-24T05:29:00.000-07:00

The U.S. Dollar went bearish against most major currencies on Tuesday, as uncertainty ahead of today's Federal Funds Rate announcement put the USD under strong selling pressure

Read more.........

TLTs Continue to Climb

2009-06-24T04:57:00.000-07:00

The iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) continue to act well, suggesting equity traders might be getting increasingly afraid of something... and need to buy some safety

Read more.......

US: Existing home sales show second consecutive rise

2009-06-24T04:48:00.000-07:00

In May, US existing home sales rose by 2.4% M/M to a total number of 4.77 million (annualized), while a number of 4.82 million was expected

Read more.......

ECB 1-year refinancing operation in the focus

2009-06-24T04:32:00.000-07:00

Today, the euro zone calendar is empty, but in the US, the durable good orders (May) and new home sales (May) are scheduled for release

Read more.........

Markets: Fixed Income

2009-06-24T04:19:00.000-07:00

On Tuesday, global bonds traded sideways to slightly higher, as the eco data couldn’t convince investors that a real economic recovery was nearby. US Treasuries got some additional support from a very strong 2-year Note auction

Read more.......

Emerging market options see more action

2009-06-24T04:07:00.000-07:00

EEM – iShares MSCI Emerging Markets Index – The emerging markets ETF dominated the upper slots of our ‘most active by options volume’ market scanner today with heavy trading activity across multiple contracts

Read more.......

Existing Home Sales – Inventories are Declining

2009-06-24T03:52:00.000-07:00

On a regional basis, sales of single-family existing homes rose in the Northeast (+5.2%) and Midwest (+8.6%) but fell in the South (-0.6%) and West (-1.9

Read more......

Peru Stock Indexes Recover Slightly; Sol Strengthens

2009-06-24T03:43:00.000-07:00

LIMA -Peru's main stock indexes registered slight gains in every sector on Tuesday, a day after plummeting along with Wall Street

Read more.........

GBP/USD: The Pound rises further, approaches 1.6505/15 resistance

2009-06-24T02:54:00.000-07:00

Initial resistance lies at the mentioned 0.6505/15, and above here, 1.6560/65 (Jun 19 high) and 1.6620 (Jun 11 high). On the downside, support levels are located at 1.6435, and below here 1.6415 intra-day low and then 1.6340/60

Read more.........

GLOBAL MARKETS: European Stocks To Edge Higher; FOMC Key

2009-06-24T02:47:00.000-07:00

Many traders are in a cautious mood as they await news from tonight's FOMC rate setting meeting," said Matt Buckland, a dealer at CMC Markets, "whilst the fundamentals in general remain relatively thin on the ground

Read more.........

EUR/USD: Euro consolidates above 1.4060 after Tuesday's rally

2009-06-24T02:09:00.000-07:00

The Euro has been moving sideways, in a range from 1.4060 to 1.4110, consolidating after having rallied about 270 pips yesterday, from intra-day low at 1.3825 to 1.4110

Read more......

Asian markets, mixed ahead fo the Fed meeting; Euro and Pound consolidate

2009-06-24T02:03:00.000-07:00

Asian markets have been mixed on Wednesday with investors acting with caution, searching for hints of U.S. economic health ahead of the Fed's meeting

Read more.........

Euro rose sharply

2009-06-24T01:59:00.000-07:00

EUR/USD, Nikkei opening send the pair quickly up in this first hour of trading despite hourly indicators remain signaling overbought conditions in the pair

Read more.......

Yen remains bearish

2009-06-24T01:43:00.000-07:00

USD/JPY, pair bearish trend remains intact in bigger time frames thus with some timid signs of exhaustion in 4 hours charts

Read more.........

GBP/USD current price: 1.6460

2009-06-24T01:00:00.000-07:00

GBP/USD current price: 1.6460. Pair is forming a consolidation/continuation figure in the hourly with upside bias clear at this time

Read more.......

Asian Shares Mixed, Fail To Rebound Much; Fed Awaited

2009-06-24T00:49:00.000-07:00

Expect a consolidation before the next leg up," said DBS regional equity strategist Joanne Goh. "We believe the market has priced in a lot of good news

Read more........

OIL DATA: Japan May Crude Imports Fall 18.8% On Yr To 15M KL

2009-06-24T00:42:00.000-07:00

TOKYO -Japan's imports of crude oil and condensate in May fell 18.8% on year to 15 million kiloliters, the Ministry of Finance said Wednesday

Read more.......

US Dollar gains erased pre FOMC

2009-06-24T00:32:00.000-07:00

Greenback sold off against all its major rivals Tuesday, on a bounce back oil prices and some also adjusting positions ahead of the FOMC decision Wednesday

Read more......

2009-06-24T00:27:00.000-07:00

TOKYO --Here are the major economic events scheduled in Japan Wednesday. All times refer to GMT

Read more.......

Colombia Peso Ends Weaker After World Bank's Gloomy Outlook

2009-06-24T00:22:00.000-07:00

The Colombian peso closed weaker against the dollar on Tuesday after the World Bank released a gloomy economic outlook on Monday

Read more...........

U.S. markets ended mix; Dollar plunged across the board

2009-06-24T00:07:00.000-07:00

The day before the announcement of the FOMC meeting, markets finished with mix results. The Dow Jones fell 0.20% and the S&P rose 0.20%

Read more..........

ABC: US Consumer Confidence Down 4 Points Latest Week

2009-06-23T23:21:00.000-07:00

NEW YORK (Dow Jones)--U.S. overall consumer confidence fell last week, according to an ABC News poll released Tuesday

Read more.......

Forecast on US Dollar Minors

2009-06-23T07:10:00.001-07:00

as suggested was within prior day's trading range and closed @ 10865 which was above the open. The Hourly Oscillators are bullish but weak and price is above the MA, so cautious approach is needed till the breakout

Read more.........

Forecast on US Dollar Majors

2009-06-23T07:05:00.000-07:00

as expected moved lower and closed @ 13870 which was below the open and within tight trading range. A slew of data is out today from Euro Zone

Read more......

London Session

2009-06-23T06:50:00.000-07:00

Following a round of stock market losses in Asia overnight, European stocks turned higher signalling an easing of risk aversion trades that have dominated trading so far this week

Read more........

Forex News and Events

2009-06-23T06:44:00.000-07:00

With any market move, pundits (such as myself) are forced to assign a rationale. This has been the case with the recent sell off in commodity prices and spillover effect into FX

Read more........

Technical News

2009-06-23T06:42:00.000-07:00

This pair appears to be consolidating towards the price of 1.3875 with what appears to be an impending volatile movement

Read more.............

Crude Oil Drops below $67 a Barrel

2009-06-23T06:41:00.000-07:00

The price of Crude Oil dropped more than $2 a barrel yesterday after the World Bank estimated the world economy will contract 2.9% in 2009

Read more.........

Political Turmoil Benefits JPY

2009-06-23T06:39:00.000-07:00

The Japanese Yen gained against most major currencies Monday as risk aversion returned amid political unrest in Iran and a gloomy report from the World Bank regarding expected global recovery

Read more.........

EUR Loses against Most Currency Pairs

2009-06-23T06:38:00.000-07:00

The EUR lost against its major currency pairs Monday as investors returned to risk aversion after a disappointing report from the World Bank

Read more.......

USD Gains on Return to Risk Aversion

2009-06-23T05:22:00.000-07:00

The U.S. Dollar gained against its riskier counterparts Monday after the World Bank issued a poor forecast for 2009

Read more........

Asia Session

2009-06-23T04:48:00.000-07:00

The Yen made gains against all of its counter currencies today in Asia as investors looked to the safety of the Japanese currency in light of concerns that the current global recession might still be far from over

Read more..........

Markets overnight

2009-06-23T04:41:00.000-07:00

US equity markets followed the European markets lower and the S&P500 closed down by 3.1% – taking the index back into negative territory for the year

Read more........

NZD/USD Commentary and Trade Ideas

2009-06-23T04:40:00.000-07:00

This pair has retreated very little from the highs made earlier this month. The commodity/inflation story has been told so many times it is becoming a fable

Read more.......

AUD/USD Commentary and Trade Ideas

2009-06-23T04:39:00.000-07:00

International political turmoil combined with lower commodities and equities has caused the AUD to take a dive this morning

Read more.......

USD/CAD Commentary and Trade Ideas

2009-06-23T04:37:00.000-07:00

All the potential inputs to the the Loonie seem to have turned negative at once. After the experts began touting the bull side of the crude market, that market turned south and is now trading under $67, gold like most commodities is lower, and equities are selling off

Read more.......