UK CPI soars to 3.3% in November

UK CPI soars to 3.3% in NovemberUK annual CPI surged to 3.3% in November, above the BoE's target, higher than both October's reading and median forecasts of 3.2%. On the month, the reading also rose to 0.4%, exceeding both prior and estimates of 0.3%. Core CPI came in at 2.7% annually, analogous to the previous and expected readings

UK housing gauge slides in Novembe

UK housing gauge slides in NovembeA UK housing gauge slipped to the lowest level in 18 month last month as prices dropped 44 percentage points relative to -49 in October and forecasts of -50. A gauge of new buyer enquiries plummeted to -18 in November from -12 as demand declined amid the intended spending cuts announced by the British government

OIL December 14, 2010 - Morning Report

FOREX TRADING - OIL December 14, 2010 - Morning Report Recommendation OIL Technical OIL Oil Oil Report Morning Report oil14
The bearish reversal after touching levels around 89.05 insure that the suggested wave scenario in our weekly report, which is still valid since it describes crude’s critical movement. Henceforth, trading below 91.35 – preferred below 90.50 – will maintain chances

GOLD December 14, 2010 - Morning Report

FOREX TRADING - GOLD December 14, 2010 - Morning Report Recommendation GOLD Technical GOLD Report GOLD Morning Report  
gold14
The upside move from 1329.00 to the recorded high of 1430.00 occurred within three waves, while gold has fluctuated as seen on the shaded areas and thus we don't think that gold started a new upside wave. We believe that the recent established upside move could be

SILVER December 14, 2010 - Morning Report

FOREX TRADING - SILVER December 14, 2010 - Morning ReportRecommendation SILVERTechnical SILVERSilverMorning Report
silver14
Silver was unable to maintain levels below 28.15-28.05, discussed in the weekly report. Not only that, but it stabilized above 28.05 and that was the main reason for the upside movements. Note that the bearishness from 30.69 to 27.96 was unable to touch the previous

GBPJPY December 14, 2010 - Morning Report

FOREX TRADING - GBPJPY December 14, 2010 - Morning Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great british pound vs. japanese Yen (GBP / JPY Morning Report
 
 
In addition to the bigger picture of weekly basis, where we discussed the classical probability of forming a descending triangle pattern in the weekly report, we can see a potential double top

EURJPY December 14, 2010 - Morning Report

FOREX TRADING - EURJPY December 14, 2010 - Morning Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. japanese Yen (EUR / JPY) Morning Report
 
  The secondary image of the four hour time scale proves the solidity of the resistance line of the suggested rising wedge pattern, which forced the pair to move downwards during the Asian session. In the interim, the

EURGBP December 14, 2010 - Morning Report

FOREX TRADING - EURGBP December 14, 2010 - Morning Report Recommendation EURGBP Technical eurgbp / EURGBP EUR/GBP - EUR GBP - EURGBP Euro vs. great british pound (EUR / GBP) Morning Report
 
  In line with our yesterday's bullish classical scenario of the falling wedge pattern, the royal pair soared breaching the upper line –resistance line- of the pattern seen on the provided four hour

USDCAD December 14, 2010 - Morning Report

FOREX TRADING - USDCAD December 14, 2010 - Morning Report USD/CAD - usdcad - USD CAD Recommendation USDCAD Technical USDCAD Canadian dollar (CAD) Morning Report
CAD
The pair attempted to move to the downside yesterday, but was not able to surpass 1.0025 in order for trading to remain wedged within the range shown above. Stochastic is gradually losing bullish momentum and thus we hold onto

USDCHF December 14, 2010 - Morning Report

FOREX TRADING - USDCHF December 14, 2010 - Morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss franc (CHF) Morning Report
CHF
The pair succeeded in achieving the suggested scenario from our reports yesterday, where we notice that it is currently trading below the key ascending channel’s support level that has currently turned into resistance at 0.9685.

USDJPY December 14, 2010 - Morning Report

FOREX TRADING - USDJPY December 14, 2010 - Morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report
JPY
The pair is still wedged between pivotal resistance 84.25 and support from SMA 50 at 83.15. The negative pressure from stochastic will keep the current sideway fluctuation, until positive momentum supports the breaching process of the

GBPUSD December 14, 2010 - Morning Report

FOREX TRADING - GBPUSD December 14, 2010 - Morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The pair succeeded in breaching pivotal resistance 1.5825 stabilizing above it and thereby reinforcing yesterday’s expectations of an ongoing ascend. Stochastic is giving off overbought signs that may cause some trading around the

EURUSD December 14, 2010 - Morning Report

FOREX TRADING - EURUSD December 14, 2010 - Morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
EUR
The first mission for the pair is returning within the ascending intraday channel that has been achieved, where it is returning within the short term bullish trend from the previously breached main upside channel that has presently turned into

Forex News : A cocktail of U.S indicators within the next week

Forex News : A cocktail of U.S indicators within the next week
The U.S economy will release a wide variety of data during the coming week which include Inflation, Manufacturing, Housing, Retail sales in addition to the Federal Reserve's rate decision meeting therefore in short it is going to be one busy week.The main highlight of the week and the most anticipated event is the Federal Open

Forex News : Europe ahead: Jitters on the rise as year race to end with EU summit to focus on budget

Forex News : Europe ahead: Jitters on the rise as year race to end with EU summit to focus on budgetThe year is racing to its end, and seemingly the outlook for 2011 is not turning so bright with the debt crisis still the center of attention in the old continent. Surely the sentiment has started to ease, and we can see that equity markets are starting to get around the debt woes on the

Forex News : Japanese industrial data on the watch this week

Forex News : Japanese industrial data on the watch this weekThis week will witness the release of a number of data which may somewhat seem relatively weak, but with the end of the year it becomes crucial data, because they will reflect the overall performance of the economy and the projections for next year, which is the main reason behind the fluctuations in the financial markets at the

EUR/USD Weekly Outlook 13 -17 December 2010

Forex Trading EUR/USD Weekly Outlook 13 -17 December 2010 EUR/USD Weekly Outlook EUR/USD engaged in choppy retreat from 1.3437 last week. The corrective structure suggests that rebound from 1.2969 is not over yet and another rise is in favor. Above 1.3437 will bring rise resumption. In such case, 1.3447 resistance should be taken out and that would confirm that fall from 1.4281 has completed

GBP/USD Weekly Outlook 13 -17 December 2010

Forex Trading GBP/USD Weekly Outlook 13 -17 December 2010 GBP/USD Weekly Outlook GBP/USD edged higher to 1.5860 last week and broke near term falling trend line as well as 1.5838 resistance. Upside momentum is not too convincing still. But after all, another rise remains in favor as long as 1.5655 minor support holds. Fall from 1.6298 is likely finished with three waves down to 1.5484 already

USD/JPY Weekly Outlook 13 -17 December 2010

Forex Trading USD/JPY Weekly Outlook 13 -17 December 2010 USD/JPY Weekly Outlook USD/JPY's strong rebound from 82.33 suggests that fall from 84.39 is merely a correction and should have completed at 82.33 already. Further rise would now remain in favor as long as 83.43 minor support holds. Break of 84.39 will confirm that whole rebound from 80.29 has resumed and should target 85.92 cluster

USD/CHF Weekly Outlook 13 -17 December 2010

Forex Trading USD/CHF Weekly Outlook 13 -17 December 2010 USD/CHF Weekly Outlook USD/CHF's recovery was limited at 0.9914, by 4 hours 55 EMA and weakened towards the end of the week. Nevertheless, downside is still contained well above 0.9725. Initial bias remains neutral this week and some more sideway trading could be seen first. As noted before, recovery from 0.9462 has already completed

AUD/USD Weekly Outlook 13 -17 December 2010

Forex Trading AUD/USD Weekly Outlook 13 -17 December 2010 AUD/USD Weekly Outlook AUD/USD engaged in sideway trading between 0.9752 and 0.9964 last week. Initial bias remains neutral this week and more consolidations could be seen. But still we'd expect strong support from 61.8% retracement of 0.9536 to 0.9964 at 0.9699 to contain downside and bring resumption of rise from 0.9536 eventually.

USD/CAD Weekly Outlook 13 -17 December 2010

Forex Trading USD/CAD Weekly Outlook 13 -17 December 2010 USD/CAD's recovery from 1.0002 last week was limited at 1.0139 and lost steam since then. With 4 hours MACD crossed below signal line, initial bias is neutral this week. On the upside, above 1.0139 will bring another rise towards 1.0285 resistance. On the downside, below 1.0062 will flip bias back to the downside and suggest that fall

EUR/GBP Weekly Outlook 13 -17 December 2010

Forex Trading EUR/GBP Weekly Outlook 13 -17 December 2010 Initial bias in EUR/GBP remains on the downside this week for a test on 0.8333 support first. Break there will confirm that recent decline from 0.8940 has resumed and should target 0.8067 low and possibly below. On the upside, above 0.8428 minor resistance will indicate that consolidations from 0.8333 is still in progress and might

EUR/CHF Weekly Outlook 13 -17 December 2010

Forex Trading EUR/CHF Weekly Outlook 13 -17 December 2010 EUR/CHF Weekly Outlook EUR/CHF continued to trade below 4 hours 55 EMA last week and crawled back towards 1.2932 low. Recovery might be finished at 1.3204 already and initial bias remains cautiously on the downside this week for 1.2932. Break there will confirm that whole fall from 1.3833 has resumed for a retest on 1.2765 low. On the

EUR/JPY Weekly Outlook 13 -17December 2010

Forex Trading EUR/JPY Weekly Outlook 13 -17December 2010 EUR/JPY Weekly Outlook EUR/JPY's recovery from 108.38 continued last week and edged higher to 111.63. But after all, upside is still limited below 111.90 resistance and hence, the bearish outlook remains unchanged. That is, rebound from 105.42 should have completed at 115.65 already. Below 109.56 will flip intraday bias back to the

GBP/JPY Weekly Outlook 13 -17December 2010

Forex Trading GBP/JPY Weekly Outlook 13 -17December 2010 GBP/JPY Weekly Outlook GBP/JPY's strong rebound last week indicates that fall from 134.19 is possibly completed at 129.32 already. Though, with a temporary top in place at 132.98, initial bias is neutral this week and we'd see some more sideway consolidations first. Another rise will remain in favor as long as 131.32 minor support

EUR/USD December 10 , 2010 - morning Report

FOREX trading - EUR/USD December 10 , 2010 - morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
EUR
We can see the signs of a new channel organizing intraday trading for the pair, an after touching this channel’s support yesterday, we expect a bullish intraday direction supported by positive signs on Stochastic. The awaited targets start at

GBP/USD December 10 , 2010 - morning Report

FOREX trading - GBP/USD December 10 , 2010 - morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The 50 MA continues protecting the bullish intraday direction by continuously pushing the pair to the upside, as shown above. Stochastic turned positive and signals the possible bullishness targeting the pivotal resistance at

USD/JPY December 10 , 2010 - morning Report

FOREX trading - USD/JPY December 10 , 2010 - morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report

JPY
The pair continues yesterday’s narrow trading between the 50 MA and the pivotal resistance at 84.25. Yesterday's scenario remains intact, where we recommend reviewing the previous report for further details and sensitive levels and

USDCHF December 10 , 2010 - morning Report

FOREX trading - USDCHF December 10 , 2010 - morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss franc (CHF)
Morning Report

CHF
The pair returned to stabilize below 0.9855, while continuously stabilizing below the 50 MA. The minor ascending channel organizing the current wave forms a continuous flag pattern; therefore, we await the breach of this

FOREX trading - usdcad December 10 , 2010 - morning Report

FOREX trading - usdcad December 10 , 2010 - morning Report USD/CAD - usdcad - USD CAD Recommendation USDCAD Technical USDCAD Canadian dollar (CAD) Morning Report

CAD
The pair is still fluctuating around the 50 MA in an attempt to gain negative momentum to start the previously suggested bearish move. We expect the fluctuation to continue around this level and retesting areas around 1.0140

Forex News - An important week awaits the Asian Pacific

Forex News - An important week awaits the Asian PacificAfter a week full of events, the region awaits another week with very important economic data and central banks decisions. With the approach of the end of 2010, the fundamentals from central banks becoming more important, because it will determine the policies by the banks in the upcoming year, and this has a significant impact on

Forex News - Europe Ahead: BoE Rate Decision under the Spotlight

Forex News - Europe Ahead: BoE Rate Decision under the SpotlightAfter the ECB rate decision last week, investors will scrutinize the BoE rate decision this week to see the action of the bank amid the myriad problems the economy suffers from. BoE policy makers are expected to announce that both interest rate and APF will remain unchanged in December at 0.50% and 200 billion pounds. Spencer

Forex News : Public sector week for the U.S

Forex News : Public sector week for the U.SDear readers, I hope you are enjoying the weekend away from the headache of markets and releases. This weekend comes as a good opportunity for investors to catch their breaths after the very busy week and to think clearly before the coming week begins. The week ahead holds data regarding the government's performance during November, where monthly

EUR/USD Weekly Outlook 6 -10 December 2010

Forex Trading EUR/USD Weekly Outlook 6 -10 December 2010 EUR/USD Weekly Outlook EUR/USD rebounded strongly after initial dip to 1.2969 last week. While 1.3447 resistance is still intact, broad based weakness in dollar is making the bearish view in EUR/USD vulnerable. In particular, we must consider that dollar index has already taken out corresponding support level of 79.46. In any case,

GBP/USD Weekly Outlook 6 -10 December 2010

Forex Trading GBP/USD Weekly Outlook 6 -10 December 2010 GBP/USD Weekly Outlook GBP/USD rebounded strongly after initial dip to 1.5484. While the rebound is still kept below 1.5838 resistance, the broad based weakness in dollar is making the bearish view in GBP/USD vulnerable. In any case, initial bias remains on the upside this week for further rise. Break of 1.5838 resistance will argue that

USD/JPY Weekly Outlook 6 -10 December 2010

Forex Trading USD/JPY Weekly Outlook 6 -10 December 2010 USD/JPY Weekly Outlook USDJPY's sharp fall and break of 82.78 support last week indicates that rebound from 80.29 should be completed at 84.39 already. Initial bias is on the downside this week for 61.8% retracement of 80.29 to 84.39 at 81.85 first. Break will target a test on 80 psychological level again. On the upside, above 83.02

USD/CHF Weekly Outlook 6 -10 December 2010

Forex Trading USD/CHF Weekly Outlook 6 -10 December 2010 USD/CHF Weekly Outlook USD/CHF's sharp fall last week indicates that recovery from 0.9462 has already completed with three waves up to 1.0065 after hitting 100% projection of 0.9462 to 0.9970 from 0.9547 at 1.0055. Whole decline from 1.1729 is likely resuming. Initial bias remains on the downside this week for 0.9463 first and break

AUD/USD Weekly Outlook 6 -10 December 2010

Forex Trading AUD/USD Weekly Outlook 6 -10 December 2010 AUD/USD Weekly Outlook AUD/USD dipped to 0.9536 last week initially but rebound strongly since then. The strength of the rise from 0.9536 indicates that pullback from 1.0181 is completed with three waves down to 0.9536 already. The corrective structure in turn indicates that 1.0181 is not yet the medium term top. Initial bias remains on

USD/CAD Weekly Outlook 6 -10 December 2010

Forex Trading USD/CAD Weekly Outlook 6 -10 December 2010 USD/CAD Weekly Outlook USD/CAD's choppy range trading continued last week. Despite a brief rally to 1.0285, USD/CAD reversed and fell sharply to as low as 1.0002. Considering that it's near to lower end of the range and with 4 hours RSI just back from oversold region, we'd turn neutral initially this week first. While another fall

EUR/GBP Weekly Outlook 6 -10 December 2010

Forex Trading EUR/GBP Weekly Outlook 6 -10 December 2010 EUR/GBP Weekly Outlook A short term bottom should be in place at 0.8333 on bullish convergence condition in 4 hours MACD. Rebound from there should extend further initially this week, possibly to 0.8594 resistance and above. Nevertheless, we'd expect strong resistance between 0.8594 and 0.8651 to limit upside and bring resumption of

EUR/CHF Weekly Outlook 6 -10 December 2010

Forex Trading EUR/CHF Weekly Outlook 6 -10 December 2010 EUR/CHF Weekly Outlook EUR/CHF recovered strongly after diving to as low as 1.2932 last week. Nevertheless, upside is still limited below 1.3229 resistance and thus, there is no change in the bearish outlook. Whole decline from 1.3833 is still expected to continue and below 1.2932 will target a test on 1.2765 low next. On the upside,

EUR/JPY Weekly Outlook 6 -10 December 2010

Forex Trading EUR/JPY Weekly Outlook 6 -10 December 2010 EUR/JPY Weekly Outlook EURJPY dropped to as low as 108.38 last week but recovered strongly since then. Nevertheless, upside is still limited below 111.90 resistance and thus, the bearish outlook remains unchanged. That is rebound from 105.42 should have completed at 115.65 already. Below 108.38 will target a test on 105.42 next.

GBP/JPY Weekly Outlook 6 -10 December 2010

Forex Trading GBP/JPY Weekly Outlook 6 -10 December 2010 GBP/JPY Weekly Outlook GBP/JPY turned sideway after dipping to 129.32 last week. With 132.08 resistance intact, fall from 134.19 is still in favor to continue. Below 129.32 will bring another fall towards 126.42 low. Nevertheless, above 132.08 will indicate that fall from 134.19 is finished already. Also, the choppy corrective look of

US Construction Spending

US Construction SpendingThe US construction spending for October rose up to 0.7%; better than the forecasted -0.3% and the prior reading of 0.5%

US ISM Manufacturing Better-than-forecasted

US ISM Manufacturing Better-than-forecastedThe US released its ISM Manufacturing for November showing as it came in at 56.6; than the prior reading of 56.9 and the prior reading of 56.9 while that the ISM prices paid for the same period plunged to 69.5, which is worse than the predicted and prior readings of 71.0

ADP Employment Shows U.S. Private Employers Added 93K Jobs in November

ADP Employment Shows U.S. Private Employers Added 93K Jobs in November Conditions in the U.S. labor market seem to be improving, although the pace of improvement remains somewhat weak, since employers are still reluctant to add new workers over a strong pace amid the ongoing weak economic conditions and the huge uncertainty surrounding the outlook, nevertheless, the emerging signs from the

Nonfarm productivity

Nonfarm productivity The U.S. released the Nonfarm productivity index for the third quarter of this year, where nonfarm productivity increased to 2.3% in the final estimate for the third quarter, compared with the prior reported rise of 1.9% and in line with median estimates, while the unit labor costs index showed a drop of -0.1% in line with the preliminary estimate and compared with

ADP Employment Change

ADP Employment ChangeThe ADP employment change report was released today for the month of November, where the ADP employment showed that U.S. private employers added 93,000 jobs in November, compared with the expected increase of 70,000 jobs, and with the prior revised 82,000 added jobs back in October

OIL December 1 , 2010 - Midday Report

FOREX TRADING - OIL December 1 , 2010 - Midday Report Recommendation OIL Technical OIL Oil
Midday Report

Crude ascended but is still trading below 85.65-85 areas, where these levels are vital for determining the intraday direction. The suggested Elliot count is still valid and returning to trade below 84.60 confirms the possible return to the bearish wave as far as we do not witness a

GOLD December 1 , 2010 - Midday Report

FOREX TRADING - GOLD December 1 , 2010 - Midday Report Recommendation GOLD Technical GOLD Gold Midday Report  
gold01
The metal was very close to 1385.00, where it inclined once more, proving the solidity of 61.8% Fibonacci level of XA leg. Note that, it turned into good support at 1388.00. The harmonic structure is still in progress, where its CD leg might continue to push it to

SILVER December 1 , 2010 - Midday Report

FOREX TRADING - SILVER December 1 , 2010 - Midday Report Recommendation SILVER Technical SILVER Silver Midday Report  
silver01
The same scenario of our suggested Elliott count over daily and short term basis is still in favor, where we believe that the correction will be flat. The present bullishness might continue inside a complicated corrective structure that started at 29.30 zones.

GBPJPY December 1 , 2010 - Midday Report

FOREX TRADING - GBPJPY December 1 , 2010 - Midday Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Midday Report
 

The pair inclined slightly during the previous session and this incline is seen as a normal recovery for the bearishness that dominated the movements since the opening of this week. The bearish

EURJPY December 1 , 2010 - Midday Report

FOREX TRADING - EURJPY December 1 , 2010 - Midday Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. Japanese Yen (EUR / JPY)
Midday Report
 


The pair respected our morning scenario flawlessly, moving slightly upwards as the internal count offers the probability of forming the fourth internal wave of c for the bigger B. let us make it more simple

EURGBP December 1 , 2010 - Midday Report

FOREX TRADING - EURGBP December 1 , 2010 - Midday Report Recommendation EURGBP Technical EURGBP / EURGBP EUR/GBP - EUR GBP - EURGBP Euro vs. Great British Pound (EUR / GBP) Midday Report
 


Normal recovery occurred during the previous session due to facing the Fibonacci level of 76.4% of the CD leg for our efficient harmonic pattern and that is why we discussed the importance of

USDCHF December 1 , 2010 - Midday Report

FOREX TRADING - USDCHF December 1 , 2010 - Midday Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Midday Report
CHF
The pair moved to the upside before building a base on the support that currently ascended to meet with the psychological barrier at 1.0000. Stochastic is still overbought which will maintain fluctuation near the support level

USDCAD December 1 , 2010 - Midday Report

FOREX TRADING - USDCAD December 1 , 2010 - Midday Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Midday Report CAD
The pair descended to temporarily breach the retest level at 1.0240 due to the negative effect on momentum indicators; thus, we should observe the pair specifically the daily closing around the mentioned levels; stability

USDJPY December 1 , 2010 - Midday Report

FOREX TRADING - USDJPY December 1 , 2010 - Midday Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Midday Report
JPY
The pair is fluctuating around the resistance for sideway range at 83.80, but without confirmations for the upcoming direction from the critical levels between the support at 82.80 and resistance at 83.95 according to our morning

GBPUSD December 1 , 2010 - Midday Report

FOREX TRADING - GBPUSD December 1 , 2010 - Midday Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Midday Report
GBP
The pair moved to the upside according to our suggested scenario nearing the retest level at 1.5680, accompanied by Stochastic entering overbought areas; thus, supporting our morning expectations for today as long as stability

EURUSD December 1 , 2010 - Midday Report

FOREX TRADING - EURUSD December 1 , 2010 - Midday Report  Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Midday Report
EUR
The pair rushed to the upside breaching the retest level mentioned this morning at 1.3080. Stochastic entered overbought areas and thereby supporting the possibility of resuming our morning expectations as long as the next four-hour closing is below

ADP Employment, ISM Manufacturing, and Fed’s Beige Book Dominate the News

ADP Employment, ISM Manufacturing, and Fed’s Beige Book Dominate the News
Investors are waiting for the first clue from the labor market, where the ADP employment change report is due to be released for the month of November, while the Institute for Supply Management will release its manufacturing index, also, later today, the Fed’s Beige Book will be released, as it will shed light over the

S&P may lower Portugal's credit rating

S&P may lower Portugal's credit rating
Standard and Poor's said it may lower Portugal's long-term A-long-term and A-2 short-term credit ratings with negative implications due to uncertainties surrounding the government's ability to finance the debt service. S&P added that lowered growth forecasts provide a clue that the government will not be able to reduce the huge sovereign debt. In

UK manufacturing expands in November

UK manufacturing expands in November UK manufacturing continued the pace of progress as the sector expanded 58.0 in November compared higher than estimates of 54.7 and the prior reading of 54.9

European economies released performance activities for the manufacturing sector

Europe’s manufacturing sector activities rise in November
European economies released performance activities for the manufacturing sector over the past month, showing the fastest expansion rate in nearly four-months in November. The final Euro-Zone PMI Manufacturing index for the month of November rose to 55.3 from the previous 54.6 while below the expected 55.5. A reading above 50 is

German manufacturing resumes expansion in November

German manufacturing resumes expansion in NovemberGerman manufacturing resumes expansion in November as PMI index came in at 58.1 compared with 56.6 in October and forecasts of 58.9

European Manufacturing to Continue Expansion in November

European Manufacturing to Continue Expansion in November The European continent will release important manufacturing data today, where the final readings for the month of November in euro zone and UK are due at 09:00 GMT and 09:30 respectively. In the euro zone, last week the advanced reading revealed that manufacturing sector in the 16 nations using the European common currency resumed

The Australian economy expanded in the third quarter of 2010

The Australian economy expanded in the third quarter of 2010 The Australian economy expanded in the third quarter of 2010 less than the market's expectations, as the nation's exports (one of the main pillars for economic growth) retreated, affected by the strength currency.  The Australian economy released today data of both the quarterly GDP and annual GDP during the third quarter, where

Belgian Bond Yields and CDS Rise on Fiscal Tensions in the Region

Belgian Bond Yields and CDS Rise on Fiscal Tensions in the RegionDebt woes contagion is spreading across the euro region to hit non-peripheral economy which is Belgium as the spread between holding Belgian 10-year bonds compared with German bunds spiked to 139 basis points while the cost of insuring against default know as Credit Default Swaps (CDS)climbed to record. The political

Indonesia's trade balance

Indonesia's trade balanceIndonesia released today its trade balance reading for the month of November, which showed a rise in the surplus to 2072 million dollars, lower than the expected 2376 million dollars and the previous 2545 million which was revised to 2528 million dollars. Meanwhile exports rose by 16.1%, higher than the expected 8.0%, while the previous reading was revised to 23.8%

Weekly Bottom Line November 29- December 3

Forex TradingThe Weekly Bottom Line November 29- December 3HIGHLIGHTS OF THE WEEKInternational Events in recent weeks highlight the fragile stability of European sovereign debt markets. A series of debt restructurings appears increasingly likely.
United States The minutes from the Federal Reserve's November 3rd meeting helped explain its decision to engage in quantitative easing; revealing a

EUR/USD Weekly Outlook November 29- December 3

Forex Trading EUR/USD Weekly Outlook November 29- December 3 EUR/USD dropped to as low as 1.3200 last week and the strong break of 1.3330 support indicates that whole rebound from 1.1875 is already finished at 1.4281. Initial bias remains on the downside this week for 100% projection of 1.4281 to 1.3447 from 1.3785 at 1.2951. On the upside, above 1.3386 minor resistance will turn intraday

USD/JPY Weekly Outlook November 29- December 3

Forex Trading USD/JPY Weekly Outlook November 29- December 3USD/JPY jumped to as high as 84.17 last week and closed strongly. Initial bias remains on the upside this week and further rise should be seen to 85.92 cluster resistance (38.2% retracement of 94.97 to 80.29 at 85.89) next. On the downside, break of 82.78 support is needed to indicate topping. Otherwise, outlook will remain bullish

GBP/USD Weekly Outlook November 29- December 3

Forex Trading GBP/USD Weekly Outlook November 29- December 3 GBP/USD fell sharply to as low as 1.5576 last week and the break of 1.5649 support indicates that rise from 1.5296 is finished. More importantly, considering bearish divergence condition in daily MACD, whole rally from 1.4230 might be completed too. Initial bias remains on the downside this week and deeper decline should be seen to

USD/CHF Weekly Outlook November 29- December 3

Forex Trading USD/CHF Weekly Outlook November 29- December 3 USD/CHF's rise extended further to as high as 1.0052 last week, inch below mentioned target of 100% projection of 0.9462 to 0.9970 from 0.9547 at 1.0055. Further rise is still expected as long as 0.9848 support holds. Break of 1.0055 will target 1.0330 key cluster resistance then. On the downside, however, break of 0.9848 will

AUD/USD Weekly Outlook November 29- December 3

Forex Trading AUD/USD Weekly Outlook November 29- December 3 AUD/USD's sharp fall and break of 0.9651 support last week suggests that a head and shoulder top reversal pattern is completed and the near term trend has reversed. Initial bias remains on the downside this week and further decline should be seen to 100% projection of 1.0181 to 0.9724 from 0.9953 at 0.9496 next. On the upside,

USD/CAD Weekly Outlook November 29- December 3

Forex Trading USD/CAD Weekly Outlook November 29- December 3 USD/CAD's pull back was contained at 1.0075 last week and rebounded strongly. Initial bias remains neutral this week and we could still see some more sideway trading. But after all, rise from 0.9977 is expected to resume sooner or later as long as 1.0056 minor support holds. Above 1.0263 will target 1.0371 resistance next. Break

EUR/GBP Weekly Outlook November 29- December 3

Forex Trading EUR/GBP Weekly Outlook November 29- December 3EUR/GBP dropped further to as low as 0.8420 last week but recovered since then on lack of follow through selling. Considering bullish convergence condition in 4 hours MACD, a short term bottom might be in place. Strong recovery could be seen initially this week. Nevertheless, we'd expect strong resistance between 0.8594 and 0.8651

EUR/CHF Weekly Outlook November 29- December 3

Forex Trading EUR/CHF Weekly Outlook November 29- December 3EUR/CHF dropped sharply to as low as 1.3235 last week and is back pressing 1.3229 support. Initial bias remains on the downside this week and break of 1.3229 will confirm that whole fall from 1.3833 has resumed. 1.3071 cluster support first (100% projection of 1.3833 to 1.3229 from 1.3672 at 1.3068) will be next target and break

EUR/JPY Weekly Outlook November 29- December 3

Forex Trading EUR/JPY Weekly Outlook November 29- December 3 EUR/JPY's sharp fall and break of 111.03 support last week revived the case that rebound from 105.42 is already finished at 115.65. Initial bias is neutral this week and some sideway trading might be seen above 110.30 temporary low first. But another fall is still expected as long as 112.94 minor resistance holds. Below 110.30 will

GBP/JPY Weekly Outlook November 29- December 3

Forex Trading GBP/JPY Weekly Outlook November 29- December 3 GBP/JPY's sharp fall and break of inner channel suggests that rebound from 126.42 has finished at 134.19 already. Initial bias is neutral this week and we might see some sideway trading first. But another fall will remain in favor as long as 132.60 minor resistance holds. Below 130.83 will bring another fall towards 126.42 support

GOLD November 23 , 2010 - Morning Report

FOREX TRADING - GOLD November 23 , 2010 - Morning Report Recommendation GOLD Technical GOLD Report GOLD
Morning Report  
gold23
The metal is fluctuating aggressively and thereby fitting the nature of correctional waves. This fluctuation suggests that the fourth wave is in progress, according the caught Elliott scenario. As far as trading remains below 1380.00-1385.00, we will witness a

SILVER November 23 , 2010 - Morning Report

FOREX TRADING - SILVER November 23 , 2010 - Morning Report Recommendation SILVER Technical SILVER Silver Morning Report  
silver23
Silver inclined sharply closing above 27.65 but today as it starts to come descend once again. The suggested correctional structure is still valid after reconsidering the internal count, and thus we believe that the price will move lower but we still need a

GBPJPY November 23, 2010 - Morning Report

FOREX TRADING - GBPJPY November 23, 2010 - Morning Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great british pound vs. japanese Yen (GBP / JPY Morning Report
 


Despite of the negative signs appearing on Stochastic on a daily basis, the uptrend line has carried movements from 126.40 to 134.20 protecting classical bullishness. Additionally, the touching

EURJPY November 23 , 2010 - Morning Report

FOREX TRADING - EURJPY November 23 , 2010 - Morning Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. japanese Yen (EUR / JPY) Morning Report
 


As discussed yesterday, facing the pivotal resistance areas of 114.70 prevented the pair from resuming the bullishness temporarily although the pair is forming the last internal wave of smaller B wave. On

eurgbp november 23 , 2010 - morning Report

FOREX trading - eurgbp november 23 , 2010 - morning Report Recommendation EURGBP Technical eurgbp / EURGBP EUR/GBP - EUR GBP - EURGBP Euro vs. great british pound (EUR / GBP) Morning Report
 


Volatile descending actions from 0.8600-38.2% Fibonacci for the wave from 0.8820 to 0.8445- sent the royal pair towards 0.8500 zones, as anticipated yesterday. Further bearishness is awaited

usdcad november 23 , 2010 - morning Report

FOREX trading - usdcad november 23 , 2010 - morning Report USD/CAD - usdcad - USD CAD Recommendation USDCAD Technical USDCAD Canadian dollar (CAD) Morning Report
CAD
The pair returned to trade around the descending channel’s resistance level around 1.0190, accompanied by momentum indicators moving near overbought areas; thereby making us expect a bearish intraday trend targeting first

usdchf november 23 , 2010 - morning Report

FOREX trading - usdchf november 23 , 2010 - morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss franc (CHF) Morning Report
CHF
The pair stabilized near pivotal support 0.9870 representing yesterday’s technical pattern’s neckline. Some fluctuation is currently expected due to support from SMA 50, alongside bullish momentum appearing through stochastic

usdjpy november 23 , 2010 - morning Report

FOREX trading - usdjpy november 23 , 2010 - morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY)
Morning Report
JPY
The pair is still trading within a narrow range, with ongoing support from SMA 50 as stochastic gradually rids of the negative momentum. These factors make us hold onto yesterday’s suggested scenario, according to the link below

GBPUSD November 23 , 2010 - Morning Report

FOREX TRADING - GBPUSD November 23 , 2010 - Morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP)
Morning Report
GBP
The pair touched the current short term ascending channel’s support level at 1.5900, accompanied by positive signs appearing on Stochastic; thus, maintaining expectations of a bullish rebound in order to resume the upside

EURUSD November 23 , 2010 - Morning Report

FOREX TRADING - EURUSD November 23 , 2010 - Morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
EUR
The pair continued its strong negative pressure since yesterday but not without resuming the daily closing below 1.3565, thereby maintaining the suggested scenario in our weekly report intact. Momentum indicators are showing oversold signs that

Oil November 23 , 2010 - Morning Report

FOREX TRADING - Oil November 23 , 2010 - Morning ReportRecommendation OILTechnical OILOilOil ReportMorning Report
oil23
Crude is moving flawlessly according to the suggested scenario, where crude yesterday settled around 82.85 completing the fourth wave appearing in the image above; however, crude today is trading within the fifth bearish wave. We expect more bearish movement that may

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FOREX VIDEO TRADING - EUROPEAN OUTLOOK NOVEMBER 23, 2010

FOREX VIDEO TRADING - EUROPEAN OUTLOOK NOVEMBER 23, 2010 http://www.youtube.com/watch?v=i-hhV4jbMlIHello traders. For this presentation I look at the Euro USD and Aussie Yen, lots of Fibonacci work for the Euro and a range break out strategy for Aussie Yen. Good luck and I hope you enjoy the video. David Pegler

AUDUSD Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook AUDUSD November 22 - 26 , 2010 Recommendation AUDUSD Technical AUD/USD AUD/USD - AUD USD - AUDUSD
AUD/USD dropped further to 0.9724 last week but formed a temporary low there and recovered. However, subsequent recovery was limited below 0.9919 minor resistance and thus, there is not confirmation that pull back from 1.0181 is finished. Initial bias remains neutral this

EURCHF Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook EURCHF November 22 - 26 , 2010Recommendation EURCHF Technical EUR/CHFEUR/CHF - EUR CHF - EURCHF
EUR/CHF's rebound from 1.3229 extended further last week but lost some momentum after hitting 1.3672. Initial bias is neutral this week. On the downside, break of 1.3469 minor support will indicate that such corrective recovery has finished and will flip intraday bias back to

GBPJPY Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook GBPJPY November 22 - 26 , 2010ReportRecommendation GBPJPYTechnical GBP/JPYGBP/JPY - GBP JPYGBPJPYGreat british pound vs. japanese yen
GBP/JPY's choppy recovery from 126.42 extended further to as high as 134.19 last week even though upside momentum was a bit unconvincing. Further rise would remain in favor as long as 132.16 minor support holds, towards 135.03

EURJPY Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook EURJPY November 22 - 26 , 2010ReportRecommendation EURJPYTechnical EUR/JPYEUR/JPY - EUR JPYEURJPYEuro vs. japanese yen EUR / JPY
EUR/JPY's rebound from 111.03 extended further to 114.30 last week after brief retreat. Initial bias remains on the upside this week for a test on 115.40/65 resistance zone. Break there will confirm that consolidation pattern from 115.65 has

EURGBP Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook EURGBP November 22 - 26 , 2010Recommendation EURGBPTechnical EUR/GBPEUR/GBP - EUR GBP - EURGBPEuro vs. great british pound EUR / GBP
EUR/GBP recovered mildly last week as sideway consolidation from 0.8448 extended. Initial bias remains neutral this week and stronger recovery cannot be ruled out. But after all, we'd expect upside to be limited by 0.8561 resistance and

USDCAD Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook USDCAD November 22 - 26 , 2010USD/CAD - USDCAD - USD CADRecommendation USDCADTechnical USDCADCanadian Dollar CAD
USD/CAD's strong break of 1.0153 resistance confirmed that fall from 1.0371 is finished at 0.9977. However, USD/CAD then hit near term trend line resistance and made a temporary top there and treated. Initial bias remains neutral this week and we'd see some

USDCHF Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook USDCHF November 22 - 26 , 2010Recommendation USDCHFTechnical USD/CHFUSDCHF - USD/CHF - USD CHFSwiss Franc CHF
USD/CHF rose further to as high as 0.9996 last week and the break of 0.9970 resistance indicates that whole rebound form 0.9462 has resumed. Initial bias is neutral this week and some sideway trading should be seen first. But retreat would be contained by 0.9768

USDJPY Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook USDJPY November 22 - 26 , 2010Recommendation USDJPYTechnical USD/JPYUSD/jpy - USD JPYJapanese Yen JPY USD/JPY's rebound from 80.29 extended further last week but lost upside momentum. A temporary top is in place at 83.77 and initial bias is neutral this week for some consolidations. Though, another rise will remain in favor as long as 81.64 support holds. Above 83.77

GBPUSD Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook GBPUSD November 22 - 26 , 2010Recommendation GBPUSDTechnical GBP/USDGBP USD - gbp/usdGreat British Pound GBP GBP/USD was bounded in intraday falling channel last week in spite of strong rebound from 1.5838. Choppy from 1.6298 could still continue for another fall below 1.5838. However, we'd continue to expect downside to be contained above 1.5649 support and bring rally

EUR USD Weekly Outlook November 22 - 26 , 2010

Forex Weekly Outlook  EUR USD November 22 - 26 , 2010Recommendation EURUSDTechnical EUR/USDEUR USD - eur/usdEuroEUR/USD Weekly Outlook EUR/USD dipped to as low as 1.3447 last week but drew support form 50% retracement of 1.2643 to 1.4281 at 1.3462 and recovered. Nevertheless, with 1.3775 minor resistance intact, fall from 1.4281 is still in favor to continue. Initial bias remains neutral this

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A mixed week for the superpower

A mixed week for the superpower 
This week was truly a mixed one for the world's leading economy as overall data regarding the prices pressures of the country confirmed that inflation risks remain well subdued along with further cheerful third-quarter earnings posted by huge U.S Corporation and better labor data while that fears continue on being spread since that the revival remains from

More developments in Japan and Australia during the week

More developments in Japan and Australia during the weekThis week contained few but important data in determining the fate of the fiscal policy in Japan, announcing the growth data during the third quarter, and Australia released the RBA minutes for the last surprise rate hike. The Japanese economy released the preliminary GDP for the third quarter where the economy expanded by 0.9% higher

Ireland debt woes dominate the European theme throughout the week

Ireland debt woes dominate the European theme throughout the weekInvestors neglected all the data released by major economies and focused on Ireland’s bailout plan throughout the week. Data continued to signal that global economies faces a slowdown in economic conditions, elevated unemployment, tight credit conditions and high inflation levels in UK. UK Data Inflation unexpectedly increased

Ireland to begin talks with IMF

Ireland to begin talks with IMFNegotiations will commence today between the International Monetary Fund (IMF) and Ireland policy makers to secure a bailout plan that will help the country avoid a Greece-style crisis. Ireland economy suffered from setbacks that caused fear to mount regarding the health of the financial system in the country. Ireland central bank Governor believes that the

Philadelphian manufacturers; are they offering recovery support again

Philadelphian manufacturers; are they offering recovery support againThe U.S economy released new data this morning revealing more information and clues regarding the economy's performance, where the information confirmed that the economy will witness moderate recovery and improvement, and that is according to the leading indicators which came out similar to the prior reading, while the

Forex News Philadelphia Fed

Forex News Philadelphia FedThis morning the U.S economy released further manufacturing indicators represented with the Philadelphia Fed index regarding the month of November where it came out at 22.5 exceeding from the prior 1.0 reading, and higher than the expected 5.0 reading

Forex News U.S Leading Indicators

Forex News U.S Leading IndicatorsThe U.S economy released this morning its Leading Indicators index regarding the Month of October where it climbed by 0.5% which is inline with expectations, while it continued the prior climb of 0.5%

Forex News Canada's Wholesale Sales

Forex News Canada's Wholesale SalesThe Canadian economy released this morning its Wholesale Sales figure during the month of September where it climbed by 0.4% opposite to the expected drop of 0.3%, wholesale sales extended the previous revised climb of 1.3%

Forex News U.S Weekly Jobs Report

Forex News U.S Weekly Jobs ReportThe U.S economy released this morning its weekly jobs report to reveal that Initial Jobless claims during the week ending in November 13th climbed from prior revised reading of 437 thousand to reach 439 thousand claims, which is lower than the expected 441 thousand claims. As for Continuing Claims, it dropped from the prior revised reading of 4343 thousand

Forex News Canada's Leading Indicators

Forex News Canada's Leading IndicatorsThe Canadian economy released this morning its monthly basis Leading Indicators reading regarding the month of October where it climbed by 0.2% which is double than the expected 0.1% climb, October's reading reversed September's revised drop of 0.2%

A break for U.S investors after two intense days

A break for U.S investors after two intense daysHere it is the U.S economy kicks off a new day in the chapter of recovery after disaster and investors hope for happy days to enclose the deep and damaging recession. This day is calm unlike the past two days where we saw the economic calendar was stocked with piles of important data, yet this day holds simple, clear and essential data for

UK CBI Trend Total Orders

UK CBI Trend Total OrdersUK economy released its CBI Trends Total Orders report for the month of October where the index dropped to -15, compared with the previous -28.0 and the expected -24.0

Consumers takes advantage of prices before new VAT rates

Consumers takes advantage of prices before new VAT ratesFor the first time in nearly three months, UK’s retail sales index improved and reported better than expected sales in the month of October, ahead of the Holiday season in UK which starts in November. Consumers took advantage of low prices ahead of the implementation of the government’s VAT rates in January, while sporting gear and

Switzerland ZEW Survey Expectations

Switzerland ZEW Survey ExpectationsSwiss economy released the ZEW Survey expectations index for the month of November, showing a drop of -30.9 from the prior drop of 27.5

Oil November 18 , 2010 - Morning Report

FOREX TRADING - Oil November 18 , 2010 - Morning ReportFOREX trading - Oil november 18 , 2010 - morning ReportRecommendation OILTechnical OILOilOil ReportMorning Report Oil
Crude continued moving within its bearish trend within the sharp descending channel that has carried trading from the recorded top at 88.60, after touching this channel’s support level. Meanwhile, crude moved to the

GOLD November 18 , 2010 - Morning Report

FOREX TRADING - GOLD November 18 , 2010 - Morning ReportFOREX trading - gold november 18 , 2010 - morning ReportRecommendation GOLDTechnical GOLDReport GOLDMorning report
Chart number one shows the suggested Elliot numbering for gold in the weekly report, where we can see the completion of the third wave and now the metal started the fourth of the IM which started on october 24.

SILVER November 18 , 2010 - Morning Report

FOREX TRADING - SILVER November 18 , 2010 - Morning ReportFOREX trading - silver november 18 , 2010 - morning ReportRecommendation SILVERTechnical SILVERSilver
Morning ReportAssessing the internal count for silver for the move from the top on the ninth of this month, it was considered as the fifth wave as seen on the first chart. silver might move higher for a slight upside correction to

GBPJPY November 18 , 2010 - Morning Report

FOREX TRADING - GBPJPY November 18 , 2010 - Morning Report
FOREX trading - gbpjpy november 18 , 2010 - morning Report
Recommendation GBPJPY
Technical GBP/JPY
GBP/JPY - GBP JPY - GBPJPY
Great british pound vs. japanese Yen (GBP / JPY)
Morning report

The pair is facing areas around 132.25 pinpointed yesterday, with the possible Pivotal reversal Zone –PRZ- as we can see this level

EURJPY November 18 , 2010 - Morning Report

FOREX TRADING - EURJPY November 18 , 2010 - Morning ReportFOREX trading - eurjpy november 18 , 2010 - morning ReportRecommendation EURJPYTechnical EUR/JPYEUR/JPY - EUR JPY - EURJPYEuro vs. japanese Yen (EUR / JPY)Morning Report
Morning report Classically speaking, the pair inclined today after reaching areas around the previous 112.40 support. We have multiple bottom areas and might

EURGBP November 18 , 2010 - Morning Report

FOREX TRADING - EURGBP November 18 , 2010 - Morning ReportFOREX trading - eurgbp november 18 , 2010 - morning ReportRecommendation EURGBPTechnical eurgbp / EURGBPEUR/GBP - EUR GBP - EURGBPEuro vs. great british pound (EUR / GBP)Morning report eurgbp18
The pair slightly inclined after reaching 0.8500 areas, although trading is stable below the neckline for the classic bearish head and

USDCAD November 18 , 2010 - Morning Report

FOREX TRADING - USDCAD November 18 , 2010 - Morning ReportFOREX trading - usdcad november 18 , 2010 - morning ReportUSD/CAD - usdcad - USD CADRecommendation USDCADTechnical USDCADCanadian dollar (CAD) Morning Report CAD
The pair was not able to build a base above the descending channel’s resistance level that is currently at 1.0210; thereby we expect trading to reverse to the downside.

USDCHF November 18 , 2010 - Morning Report

FOREX TRADING - USDCHF November 18 , 2010 - Morning ReportFOREX trading - usdchf november 18 , 2010 - morning ReportRecommendation USDCHFTechnical USD/CHFUSDCHF - USD/CHF - USD CHFSwiss franc (CHF)Morning Report CHF
The pair neared the psychological barrier at 1.0000 but stopped it’s ascend at the horizontal resistance at 0.9970 shown above. this level is close to 23.6% fibonacci

USDJPY November 18 , 2010 - Morning Report

FOREX TRADING - USDJPY November 18 , 2010 - Morning ReportFOREX trading - usdjpy november 18 , 2010 - morning ReportRecommendation USDJPYTechnical USD/JPYUSD/jpy - USD JPYJapanese Yen (JPY)
Morning Report
JPY
The pair stabilized trading above the MA 50 with a series of daily closings, although momentum indicators are providing negative signs that impede the bullish wave, while

GBPUSD November 18 , 2010 - Morning Report

FOREX TRADING - GBPUSD November 18 , 2010 - Morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The pair continues to trade above the ascending short term channel support currently at 1.5870, signaling the strength of this channel as it continues to trade within it. Thus, we expect trading to continue naturally within

EURUSD November 18 , 2010 - Morning Report

FOREX TRADING - EURUSD November 18 , 2010 - Morning ReportFOREX trading - eurusd november 18 , 2010 - morning ReportRecommendation EURUSDTechnical EUR/USDEUR USD - eur/usdEuroMorning Report EUR
The pair breached the descending channel’s resistance level shown above, alongside stabilizing above the 50 MA with signs of the start of a minor bullish wave highlighted in red. Therefore, we

UK Public Finance in October

UK Public Finance in OctoberUK public finances (PSNCR) recorded a deficit of 2.4 billion pounds in October, compared with the prior deficit 15.6 billion pounds, which was revised to 14.4 billion pounds deficit; while analysts expected a deficit of 8.9 billion pounds. Public sector net borrowing for the same month showed a deficit of 10.3 billion relative to the revised 15.0 billion pounds

UK Retail Sales

UK Retail SalesUK released its Advanced October Retail Sales excluding Auto fuel index showing a rise on the monthly scale by 0.3 percent, compared with the previous revised -0.3% and the expected 0.2%, while on the yearly scale the index rose by 1.2 percent, compared with the previous revised 1.3% and the expected 1.5%. Moreover, Retail Sales including auto fuel rose in the month of

Greek goals at Jeopardy

Greek goals at JeopardyGreece will announce its deficit forecast today, with expectations that the country will raise forecast during the government budget plan announcement for the upcoming year. doubts mounted that Greece will fail to meet the terms of the bailout plan from EU-IMF where earlier last week, Eurostat office revised up the previous estimate of the country’s deficit in 2009

Ireland bonds rise on bailout speculations

Ireland bonds rise on bailout speculationsIreland bonds rose in today’s trading session as the country entered talks with EU-IMF representative to discuss the financial health of the country and a possible bailout plan. Speculations increased that Ireland would accept the bailout, accordingly, damping demand for safe assets. Irish Central Bank Governor; Patrick Honohan expressed his believes

Euro Zone's current account

Euro Zone's current account Euro Zone's current account seasonally adjusted showed a deficit of 9.2 billion Euros in September relative to the revised 10.6 billion Euros deficit from the deficit of 10.5 billion Euros.  The non-seasonally adjusted reading showed a deficit of 13.1 billion Euros compared with the revised 6.9 billion Euros from 7.5 billion Euros deficit

Switzerland released its trade balance report showing a surplus in the month of October

Switzerland Trade Balance Switzerland released its trade balance report showing a surplus in the month of October, reaching 2.10 billion, compared with the previous revised 1.68 billion and the expected 1.40 billion. The index showed that Real Exports rose in by 6.2 percent, compared with the previous revised -3.1 percent, while Real Imports rose by 1.9 percent, compared with the previous -

UK budget deficit and retail sales data are under scrutiny

UK budget deficit and retail sales data are under scrutinyUK will continue the release of important data today in a busy week full of crucial data. As of 09:30 GMT, investors will scrutinize budget deficit and retail sales figures. One of the main challenges in the recovery road is the wide budget deficit the UK is undergoing where it had reached more than 11.0% of GDP in 2009. George

Singapore economy grow at the slowest pace in the third quarter of the year

Singapore economy grow at the slowest pace in the third quarter of the yearThe Singapore's economy released today an important data, where Singapore's gross domestic product shrank at an annualized rate of 18.7% in the third quarter of the year, from the previous three months. The government said that the economy to extend next year, as the world economy is recovering and Asian economies are

FOREX VIDEO TRADING - ASIAN OUTLOOK November 18 2010

FOREX VIDEO TRADING - ASIAN OUTLOOK November 18 2010http://www.youtube.com/watch?v=qML0Y9h_IHUTime to be patient get your time frames all in a row. We are trying to come off weekly support on many pairs. If we are continuing to the upside, there is going to be a lot of bull/bear battles on the way. Therefore for now, looking for spot swing trade opportunities knowing just around the corner,

FOREX VIDEO TRADING - London Session Review - November 17, 2010

FOREX VIDEO TRADING - London Session Review - November 17, 2010 http://www.youtube.com/watch?v=93Qn-EUvBAIAfter yesterday's rally on the USD and fall on the EUR and GBP, it was not all that crazy to go looking for a way to fade them back to resistance during London today for a later continuation attempt maybe in New York. We did after all hit some key levels on the EUR/USD and the USD index,

Euro remains weak on uncertain bailout for Irish banks

Euro remains weak on uncertain bailout for Irish banksThe European common currency is still vulnerable and unable to rebound due to uncertainty surrounding the possible Irish banks bailout. Yesterday's late meeting in Brussels showed that specialists from the European Commission, IMF and the ECB will travel tomorrow to Dublin to discuss the measures needed for a possible Irish aid, yet

CPI Confirms the Fed’s Weak Outlook For Inflation

CPI Confirms the Fed’s Weak Outlook For InflationInflationary pressures seem to have remained subdued throughout the month of October, where today’s consumer price index confirmed yesterday’s PPI and the Fed’s outlook for inflation, where the Fed believes that downside risks to inflation are increasing amid the recent weakness in overall economic activities. Headline CPI rose by 0.2% in

U.S Housing Data

U.S Housing DataThe U.S economy revealed this morning some information concerning its housing sector during the month of October. Housing starts dropped during September by 11.7% to reach 519 thousand, which is worse than the expected 1.6% fall or 600 thousand starts. The gauge reversed its prior climb worth 0.3% where it reached 610 thousand. As for Building Permits during October, they

U.S Consumer Price Index

U.S Consumer Price IndexThe U.S economy released this morning its Consumer Price Index report regarding October which showed that the CPI climbed on monthly basis by 0.2% which is higher than the prior climb worth 0.1% and lower than the expected 0.3% climb. As for yearly basis the CPI climbed by 1.2% which is higher than the prior climb worth 1.1% and lower than the expected climb of 1.3%.

Osborne offers to support possible Irish banks bailout

Osborne offers to support possible Irish banks bailoutGeorge Osborne, Chancellor of the Exchequer, said his country is ready to participate in the aid package as British banks are the most involved with Irish banks with $222 billion exposure. Ireland said it will work in conjunction with the EU and IMF to bailout its suffering banking sector after the euro zone finance ministers' yesterday

Today's CPI data will substantiate once again that prices pressures remain well subdued

Today's CPI data will substantiate once again that prices pressures remain well subduedAs yesterday where the PPI data was released and showed clearly that overall inflation across the superpower nation is well under control throughout the month of October, today further data will back up the alike factor since that October's CPI data will be released and is highly forecasted to show that

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EURUSD November 16 , 2010 - Morning Report

FOREX TRADING - EURUSD November 16 , 2010 - Morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
eur16
Momentum indicators did not exit overbought areas and we can see that Stochastic provided a positive crossover. At the same time, the pair is trading closely below the main resistance for the ascending channel which structured the wave from the

UK's inflation to remain above the bank's upper limit

UK's inflation to remain above the bank's upper limitUK and euro zone will release important data today concerning inflation and confidence that would give a guide to officials in their pursuit to shore up their economies after the finical tsunami had caused various imbalances. First on our calendar is CPI for the month of October where rate is expected to remain at 3.1%, higher than bank's

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South Korean central bank raises interest rates, contrary to expectations

South Korean central bank raises interest rates, contrary to expectationsSouth Korean Central bank released today decision concerning interest rates, where the bank decided to raise interest rates by 25 basis points to be at 2.50% totally opposite to what is expected after the forecasts where to keep it steady at 2.25% This hike in interest rates is the third process this year after the

RBA's minutes of meeting refers to a possible surge in inflation

RBA's minutes of meeting refers to a possible surge in inflationRBA released today the minutes of meeting during the month of November, where the bank has decided to raise interest rates by 25 points leveling up to 4.75%. The bank stated that it had to take this step due to the increased risk of high inflation rates especially with the prosperity of the mining sector and employment sector

RBA minutes

RBA minutesThe Australian Central bank announced today minutes of then banks meeting held in November, where the RBA has raised the interest rates by 25 basis points to 4.75%. The bank has approved the modest tightening of monetary policies where the Australian economy was in a significant need of it. The RBA pointed out that there is a gradual increase in inflation rates, which made the

Forex News Minutes of the Monetary Policy Meeting of the Reserve Bank Board

Forex News Minutes of the Monetary Policy Meeting of the Reserve Bank BoardThe news on the global economy had been mostly positive, including a strengthening in commodity markets and lessening of concerns about a larger-than-expected slowing in growth of the Chinese economy. Overall, the central forecast for the global economy was still for around trend growth over the next couple of years.

Forex News Japanese Tertiary industry index

Forex News Japanese Tertiary industry indexThe Japanese economy released today data related to the tertiary industry index during the month of September where the actual reading showed a rate of -0.9% compared to the previous reading -0.2%, while expectations indicated a rate of -0.5%

U.S Retail Sales November 15

U.S Retail Sales November 15This morning the U.S economy revealed its retail sales figures during the month of October to show that monthly basis Advanced Retail Sales climbed by 1.2% exceeding the revised prior climb of 0.7% while markets expected a 0.7% climb. As for Retails Sales Less Auto, they climbed during October by 0.4% inline with expectations and lower than the revised prior

A satisfying U.S Monday for a revitalizing week

A satisfying U.S Monday for a revitalizing weekThe U.S economy is about to begin a busy week unlike the past one where it was calm and lacked significant releases, the week will kick off with an eventful day as the economic calendar of today is stocked with releases comparing it to last week's average. To begin with the U.S economy will release its Retail Sales report regarding October

Ireland embarks on talks with European officials ahead of finance ministers meeting

Ireland embarks on talks with European officials ahead of finance ministers meetingAhead of European finance ministers meeting tomorrow in Brussels, Ireland had embarked on talks with European officials about the current financial situation in the economy.   While Ireland did not ask for a bailout and said the government is “fully funded till well into 2011,” it did not rule out the

Euro zone seasonally adjusted trade deficit of 1.4 billion euros which was revised to 1.7 billion euros deficit In September

Euro zone trade deficit turns into surplusEuro zone seasonally adjusted trade deficit of 1.4 billion euros which was revised to 1.7 billion euros deficit In September shifted into surplus of 2.4 billion euros in October, higher than estimates of 1.0 billion euros surplus. The non-seasonally adjusted reading also showed a surplus of 2.9 billion euros in October compared with the September's

GBPJPY November 15 , 2010 - Midday Report Recommendation GBPJPY

FOREX TRADING - GBPJPY November 15 , 2010 - Midday Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Midday Report
 


The pair is trapped within a very tight range since morning but it is clear that it is trending upwards. The bullish effect of the sharp rebound from the retesting areas could continue over

EURJPY November 15 , 2010 - Midday Report Recommendation EURJPY

FOREX TRADING - EURJPY November 15 , 2010 - Midday Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. Japanese Yen (EUR / JPY) Midday Report
 


As a nature for the corrective structures, the pair is moving very slowly since morning, where we believe that the internal b wave of the bigger B is still in progress. Therefore, potential upside wave could

EURGBP November 15 , 2010 - Midday Report Recommendation EURGBP

FOREX TRADING - EURGBP November 15 , 2010 - Midday Report Recommendation EURGBP Technical EURGBP / EURGBP EUR/GBP - EUR GBP - EURGBP Euro vs. Great British Pound (EUR / GBP) Midday Report
 


The royal pair succeeded in drawing a new classical pattern on the four hour chart. This time it is a continuation pattern –Pennant- that was formed within the bearish wave of the head and

USDCAD November 15 , 2010 - Midday Report Recommendation USDCAD

FOREX TRADING - USDCAD November 15 , 2010 - Midday Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Midday Report
CAD
The US dollar against the Canadian dollar continues to trade above the resistance of the sideway trading range 1.0090 as negative signs persist from the four hours momentum indicators. This might maintain the volatility of

USDCHF November 15 , 2010 - Midday Report Recommendation USDCHF

FOREX TRADING - USDCHF November 15 , 2010 - Midday Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Midday Report

CHF
The dollar against the frank witnessed a strong break of the pivotal resistance 0.9810, yet the pair started being affected negatively by the momentum indicators. Our morning scenario was confirmed, thereby we expect

USDJPY November 15 , 2010 - Midday Report Recommendation USDJPY

FOREX TRADING - USDJPY November 15 , 2010 - Midday Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Midday Report


The dollar yen pair broke SMA 50 which could be viewed as a confirmation to the scenario we mentioned in the morning. The negative signs emerged form the momentum indicators may cause some volatility for the pair, yet in general we expect

GBPUSD November 15 , 2010 - Midday Report Recommendation GBPUSD

FOREX TRADING - GBPUSD November 15 , 2010 - Midday Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Midday Report

GBP
Since morning we can see mixed trading in the pound dollar pair, around the SMA 50, with an upside bias, so now we think the pair might touch the resistance found at 1.6185, accompanied with negative signs from the Stochastic.

EURUSD November 15 , 2010 - Midday Report Recommendation EURUSD

FOREX TRADING - EURUSD November 15 , 2010 - Midday Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Midday Report
 
EUR
The euro has been falling versus the dollar since this morning, after the level 1.3685 was strong enough to push the pair to the downside once again, as Stochastic is nearing an oversold area, which makes us await a retest to the pivotal support

Forex News Swiss producer and import prices miss forecasts

Forex News Swiss producer and import prices miss forecastsSwiss producer and import prices fell to -0.4% in October from -0.1% in September and remained at 0.3% on the yearly basis. Expectations referred to 0.7% rise on the year 0.0% on the month

SILVER November 15 , 2010 - Weekly Report Recommendation SILVER

FOREX TRADING - SILVER November 15 , 2010 - Weekly Report Recommendation SILVER Technical SILVER Silver Weekly Report 15/11 – 19/ 11/ 2010 Weekly Report 15/11 – 19/ 11/ 2010
The suggested Elliott sequence proved that the fifth wave that started in February 2010 has been completed already. The breakout below 26.40 confirms that the first correctional wave –A wave- is in progress,

Forex News Japanese Industrial Production index

Forex News Japanese Industrial Production indexThe Japanese economy released today data concerning the Industrial production index, annual industrial production index and capital utilization index during the month of September where the actual reading of the industrial production index came at -1.6% compared to the previous reading which showed a rate of -1.9.  The Annual industrial

Forex News UK's Rightmove house prices

Forex News UK's Rightmove house pricesThe UK's economy has released today data concerning the rightmove house prices during the month of November where the actual reading came at 1.3% less than the previous reading which indicated an increase of 2.9%. As for the monthly reading it came at – 3.2% less than the previous reading at 3.1%

Forex News GDP in Japan

Forex News GDP in JapanThe Japanese economy released the GDP preliminary reading rose 0.9% during for the third quarter, and the current reading is higher than the previous reading 0.4s% in 2nd quarter, while the analysts' expectations referred to 0.6%.  Moreover, Japan's annualized GDP preliminary reading came at 3.9% in 3rd quarter, compared with a previous reading 1.5% a year earlier,

Forex News Retail sales index in New Zealand

Retail sales index in New ZealandThe New Zealand economy released today data concerning both the retail sales index and the retail sales ex auto index for the month of October, where the actual reading for the retail sales index was at 1.6% higher than the previous reading 0.0% and the expected reading was 1.1%.  While the retail sales ex Auto index showed an actual reading of 1.6% higher

Forex Trading Video YouTube EUR/USD 14 November 2010

Forex Trading Video YouTube EUR/USD 14 November 2010http://www.youtube.com/watch?v=UNg8PWsfL8w

FOREX TRADING - Sive Morten - EURUSD Daily November 14 , 2010 Video

FOREX TRADING - Sive Morten - EURUSD Daily November 14 , 2010 Videohttp://www.youtube.com/watch?v=g5eDdoX7QX0

Forex Trading Forex Analysis November 14 , 2010 Video

Forex Trading Forex Analysis November 14 , 2010 Video http://www.youtube.com/watch?v=27BRQDcKuyg

Forex Analysis Week of Nov 14, 2010 for EUR/JPY Video YouTube

Forex Analysis Week of Nov 14, 2010 for EUR/JPYhttp://www.youtube.com/watch?v=oqSwMjx7sTs

Forex News China Assails Monetary Easing, Citing `Imported Inflation,' Bubble Risks

Forex News China Assails Monetary Easing, Citing `Imported Inflation,' Bubble Risks China renewed an attack on quantitative easing, citing the risk of increased prices in emerging economies, a day after the Group of 20 nations said the markets can adopt regulatory steps to cope.
China “doesn’t support” the monetary easing that causes “imported” inflation in developing countries, Commerce

Forex News IMF says Ireland can manage amid EU rescue talks

Forex News IMF says Ireland can manage amid EU rescue talksIreland can manage on its own, the head of the International Monetary Fund said on Saturday, a day after euro zone sources told Reuters the former "Celtic Tiger" was in talks about a possible EU rescue.
IMF Managing Director Dominique Strauss-Kahn told reporters on the sidelines of an Asia=Pacific conference in Yokohama, Japan, that

USD/CHF Set To Build On Bull Pressure

USD/CHF Set To Build On Bull PressureUSDCHF: Having reversed most of its previous losses the past following its strong recovery off the 0.9586 level, further upside risk is now developing towards the 0.9970 level, its Nov 01’10 high. Above there should create scope for further strength towards its Sept. 17 high at 1.0066 and possibly higher towards its Sept 17'10 high at 1.0182. Its weekly

Forex News Colombia wants to avoid invasive FX measures

Forex News Colombia wants to avoid invasive FX measures Colombia will try to avoid imposing Brazil-style capital controls to curtail the strength of its currency but "nothing is ruled out," Finance Minister Juan Carlos Echeverry said.
The U.S.-trained economist said market-friendly measures taken by Colombia so far, including U.S. dollar purchases of at least $20 million (12 million pounds

Forex News WRAPUP 5-Amid economic strains, APEC trumpets free trade

Forex News WRAPUP 5-Amid economic strains, APEC trumpets free trade China's Hu says protectionism rising
 Discord resurfaces over global imbalances
 APEC agrees to move toward giant free trade area
 Leaders freeze protectionist measures for three years
(Updates and recasts)
By Linda Sieg and Jonathan Thatcher
YOKOHAMA, Japan, Nov 14 (Reuters) - Leaders of the world's most

Forex News Ireland denies €60bn bail-out talk as EU puts on pressure

Forex News Ireland denies €60bn bail-out talk as EU puts on pressure Ireland denies €60bn bail-out talk as EU puts on pressure The Irish Government has been forced to make a second denial in two days that it is preparing to go to the EU for a multi-billion euro bail-out. On Saturday night reports suggested that Irish officials had already held talks with the European Financial Stability Fund

Forex News Retail Sales Probably Rose, Production Rebounded as U.S. Recovery Sped Up

Forex News Retail Sales Probably Rose, Production Rebounded as U.S. Recovery Sped Up Retail sales probably rose in October for a fourth month and factory production rebounded, adding to evidence the U.S. recovery picked up at the start of the fourth quarter, economists said before reports this week.
A projected 0.7 percent gain in purchases is based on the median estimate of 67 economists

Forex News Minister says Portugal could be pushed out of euro

Minister says Portugal could be pushed out of euro(Reuters) - Failure to adopt a broad coalition government to deal with the financial crisis could result in Portugal being forced to abandon the euro currency, its foreign minister said in an interview published on Saturday.
The opposition and government must come together to deal with an "extreme situation," Luis Amado told the weekly

GBP/USD Weekly Outlook – November 15-19

Forex Trading GBP/USD Weekly Outlook – November 15-19 A very busy week expects pound traders – inflation and employment figures are the highlights. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD.
GBP/USD daily chart with support and resistance lines marked. Click to enlarge:

The pound showed significant strength in the past week, weathering

AUD/USD Weekly Outlook – November 15-19

Forex Trading AUD/USD Weekly Outlook – November 15-19 After a week of big losses, Aussie traders now await an eventful week, with hints towards further moves on interest rates being the highlights. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD.
AUD/USD daily chart with support and resistance lines marked. Click to enlarge:

A big blow for

The Europe week very mixed: what went wrong

The Europe week very mixed: what went wrongJitters and woes persist, uncertainty became the theme dominating market since the start of the second half of this year, apparently, even law makers failed to sustain confidence in recovery as conditions continue to slip into the darker side and deteriorate further with each day that brings us closer to the year’s end. Preparing for what’s to

A neutral & calm week for the superpower

A neutral & calm week for the superpowerThis week was a calm and neutral to cheerful one for the world's leading economy as only few crucial data were released and they came out optimistic and better than forecasted to spread some brightness within the U.S although the present revival from the unending recession remains fragile due to the ongoing deterioration of the labor market that keeps

China and Japan share the week’s spot light in Asia

China and Japan share the week’s spot light in AsiaMajor Asian economies continue to announce more important data which is witnessing ups and downs, the fact which increases the volatility of investors and is clearly reflected on global financial market’s performance during this period. The week starts with Japan’s current account figures during the month of September recording a wider

G20 leaders vow to solve macroeconomic imbalances next year

G20 leaders vow to solve macroeconomic imbalances next yearIn Seoul, which held the awaited G20 meeting, the two-day discussions were ended Friday night where the outcome, which is that world leaders will not be able to reach an agreement over solving macroeconomic imbalances,  was relatively better than what was expected  before the meeting. While leaders did not reach a clear agreement

Forex News : Dollar unchanged, Ireland debt worries affect markets

Forex News : Dollar unchanged, Ireland debt worries affect marketsG-20 leaders backed a proposal to set up an early warning indicator to avoid further crisis in the future, while failing to reduce discussions regarding exchange rates and capital cash flows in markets. Indicative guideline design will be worked on by finance ministers from the G-20 countries to work as an early indicator for

Forex News : Uni. of Michigan Confidence

Forex News : Uni. of Michigan ConfidenceThe U.S economy released this morning the Preliminary reading of the University of Michigan Confidence Index regarding the month of November where it came out at 69.3 inclining from the prior reading of 67.7 and exceeding the expected 69.0 reading. Within the index we see that Economic Conditions index inclined from 76.6 to 79.7, while the Economic

Forex News : The U.S consumer's confidence probably improved in Novembe

Forex News : The U.S consumer's confidence probably improved in NovembeToday the only economical index to be released from the world's leading economy will be the University of Michigan Consumer Sentiment Index which assesses as we know the American consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys and is strongly

Forex News : Pace of improvement in the euro-zone deteriorates

Forex News : Pace of improvement in the euro-zone deterioratesInvestors' first peek on conditions regarding growth rates of the Euro-Zone economy came from Germany earlier today, while further confirmation of a slowdown arrived with the GDP report from the Euro-Zone, which weakened in the third quarter of this year. Two main factors played the biggest role in weakening growth in the region,

Forex News : Italy’s expansion slows into the third quarter

Forex News : Italy’s expansion slows into the third quarterIt is a busy GDP day for the euro area, and so far all the figures confirmed the slowing recovery as expected into the later half of the year! According to the Roma-based statistics institute Istat growth slowed in Italy according to the Gross Domestic Product preliminary estimate for the third quarter. The economy expanded by 0.2%

Forex News : Euro Area Industrial Production Slump

Forex News : Euro Area Industrial Production SlumpFollowing the slowing pace of growth seen in the third quarter in the euro area, where the economy expanded only by 0.4% following 1.0% in the second quarter, abysmal September industrial production figures come as no surprise. According to the data today, industrial production slumped 0.9% on the month after rising 1.1% revised higher from

Forex News : Euro Zone Recovery Losing Momentum into Q3

Forex News : Euro Zone Recovery Losing Momentum into Q3Following the slowing GDP growth in Germany and France as reported this morning in the third quarter, the Euro Area’s GDP for the three months ending September also confirmed the slowing recovery with 0.4% expansion following a strong 1.0% growth in the second quarter. The data did miss median estimates as we expected, where projections

Forex News : French recovery slows into the third quarter

Forex News : French recovery slows into the third quarterAccording to the preliminary GDP estimates for the third quarter, growth slowed to 0.4% in the three months ending September after the economy expanded by 0.7% in the second quarter. The growth estimate was below the expected 0.5% growth. On the year, the economy expanded by 1.8% from 1.6% in the previous quarter

Oil November 12 , 2010 - Morning Report Recommendation OIL

FOREX TRADING - Oil November 12 , 2010 - Morning Report Recommendation OIL Technical OIL Oil Oil Report Morning Report
oil12
Crude clearly declined during Asian session today, where it presently stands around 86.15 – 86.20 that is considered to be the intraday trend’s barrier. The harmonic formation remains intact until this moment, but due to our need to insure trading stability above

GOLD November 12 , 2010 - Morning Report Recommendation GOLD

FOREX TRADING - GOLD November 12 , 2010 - Morning Report Recommendation GOLD Technical GOLD Report GOLD Morning Report  
gold12
Gold slipped aggressively during the Asian session, which could be the main reason for causing a failure to reach 161.8% of CD leg of our caught crab pattern. Despite of yesterday's positive expectations, we recommended remaining cautious since the metal could

SILVER November 12 , 2010 - Morning Report Recommendation SILVER

FOREX TRADING - SILVER November 12 , 2010 - Morning Report Recommendation SILVER Technical SILVER Silver Morning Report  
silver12
Yesterday's technical attempt to retest 28.15 failed and the inclines stopped at 27.83, where the metal declined sharply failing to maintain levels above 27.85 as we discussed earlier. Today, we expect some kind of aggressive fluctuation and breaching 26.40

GBPJPY November 12 , 2010 - Morning Report Recommendation GBPJPY

FOREX TRADING - GBPJPY November 12 , 2010 - Morning Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Morning Report
 


The pair started the awaited retesting action for the classical support levels between 131.90 and 132.05, as discussed in our previous report. In the interim, the bullish signs of momentum and

EURJPY November 12 , 2010 - Morning Report Recommendation EURJPY

FOREX TRADING - EURJPY November 12 , 2010 - Morning Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. Japanese Yen (EUR / JPY) Morning Report
 


The pair declined during the previous two sessions retesting the uptrend line that carries the momentum indicator, seen on the provided daily chart. We still believe that it could move higher over intraday

EURGBP November 12 , 2010 - Morning Report Recommendation EURGBP

FOREX TRADING - EURGBP November 12 , 2010 - Morning Report Recommendation EURGBP Technical EURGBP / EURGBP EUR/GBP - EUR GBP - EURGBP Morning Report
 


Our yesterday's suggested head and shoulders top pattern with a downward sloping confirmation line, proved its efficiency taking the royal pair aggressively downwards as seen on the provided four hour chart. Resuming this classical

USDCAD November 12 , 2010 - Morning Report Recommendation USDCAD

FOREX TRADING - USDCAD November 12 , 2010 - Morning Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Morning Report
CAD
The pair pushed to the upside due to the positive momentum appearing through momentum indicators from yesterday, currently nearing the previously evident sideway range’s resistance level at 1.0090. Note that building a

USDCHF November 12 , 2010 - Morning Report Recommendation USDCHF

FOREX TRADING - USDCHF November 12 , 2010 - Morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Morning Report
CHF
The pair continued its upside movement from yesterday touching the minor upside channel’s resistance level, accompanied by momentum indicators entering overbought areas. This could cause some fluctuation between pivotal

USDJPY November 12 , 2010 - Morning Report Recommendation USDJPY

FOREX TRADING - USDJPY November 12 , 2010 - Morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report
JPY
The pair stabilized above the key downside channel’s resistance level that has currently turned into support at 82.25, but is finding a hard time in continuing to move upwards due to the effect of the negativity of momentum indicators

GBPUSD November 12 , 2010 - Morning Report Recommendation GBPUSD

FOREX TRADING - GBPUSD November 12 , 2010 - Morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The pivotal resistance level 1.6185 showed strength in front of the pair’s upside movement from yesterday, where it currently attacks SMA 50. On the other hand, we find that the double top formation appearing as its neckline

EURUSD November 12 , 2010 - Morning Report Recommendation EURUSD

FOREX TRADING - EURUSD November 12 , 2010 - Morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
EUR
The pair continued it’s descend since yesterday below the downside channel’s resistance currently at 1.3645, alongside ongoing negativity before SMA 50. Hence, this points to more expected bearish intraday movement due to the effect of the

Germany preliminary third Quarter GDP Reading

Germany preliminary third Quarter GDP ReadingGermany GDP third quarter preliminary reading was released showing figures above market expectations throughout the three months ending September. Seasonally adjusted quarterly growth in Germany witnessed an expansion of 0.7 percent, compared with the prior revised 2.3% from 2.2%, while the not seasonally adjusted yearly GDP reading, rose by 3.9

UK Nationwide House prices for the month

UK Nationwide House prices worse than estimates The UK Nationwide House prices for the month of June fell to 0.1% from 0.5% and worse than the projected 0.3% while on the year it declined to 8.7% from 9.8%, which is lower than the predicted 9.0%

Euro Zone To Expand 0.5% In The Third Quarter

Euro Zone To Expand 0.5% In The Third QuarterThe euro zone will release important data today that give a clear picture about the strength of the recovery in the third quarter after the progress witnessed in the first two quarters of the year. But starting with Germany, Germany GDP third quarter preliminary reading was released showing figures above market expectations in the three months

Chinese yuan rises to its highest since 1993

Chinese yuan rises to its highest since 1993The Chinese yuan has witnessed a big increase this week leading Asian currencies to rise against the U.S. dollar significantly, where China allowed the yuan to rise after consumer prices showed stronger pipeline pressures and more inflationary pressures. The Chinese yuan rose by 0.5% reaching 6.6257 against the dollar recording its highest level

G20 meeting: will it result in limiting the Greenback's depreciation?

G20 meeting: will it result in limiting the Greenback's depreciation?In a day the U.S economy stood still without any releases or figures currency investors head towards the Greenback which benefited from the resurfacing of the European debt problem. In addition today the G 20 meeting started in Seoul where the U.S is expected to hear a lot of criticism regarding its QE2 and the deep

Forex Daily Outlook November 11, 2010 Video YouTube

Forex Daily Outlook November 11, 2010 Video YouTubehttp://www.youtube.com/watch?v=WJ_16uirtyQHappy Veterans Day from the United States!
A quick update on the market. We're expecting the dollar to give up some ground across the board through the rest of the week; however, pressure within the Euro-Zone may make keep the euro the weakest of the majors.
***PLEASE NOTE CORRECTION*** German GDP

OIL November 11 , 2010 - Morning Report Technical OIL

FOREX TRADING - OIL November 11 , 2010 - Morning Report Technical OIL Oil Oil Report Morning Report
oil11
Crude ascended moving along with the effect of the suggested harmonic pattern within forming the CD leg for this formation. We expect crude to continue moving upwards throughout trading today heading towards 161.8% correction, following the BC leg at 90.50. Keep in mind that the

GOLD November 11 , 2010 - Morning Report Recommendation GOLD

FOREX TRADING - GOLD November 11 , 2010 - Morning Report Recommendation GOLD Technical GOLD Report GOLD Morning Report
gold11
Gold declined yesterday as expected, but this descend couldn't indicate that the harmonic upside wave was limited as it couldn’t stabilize below 1380.00. Thereby, gold might be on its way to touch the ideal potential reversal zones of the crab pattern at 1430.00

SILVER November 11 , 2010 - Morning Report Recommendation SILVER

FOREX TRADING - SILVER November 11 , 2010 - Morning Report Recommendation SILVER Technical SILVER Silver Morning Report  
silver11
Silver declined more than $ 1.60 yesterday respecting our previous anticipations, but these declines were followed by sharp incline that could assist Stochastic to enter the positive areas. Hence, we believe that areas around 28.15 could be revisited. We keep

GBPJPY November 11 , 2010 - Morning Report Recommendation GBPJPY

FOREX TRADING - GBPJPY November 11 , 2010 - Morning Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Morning Report
 


The GBPJPY soared yesterday, breaching the resistance line of the descending channel decisively as seen on the provided daily chart. In the interim, the bearish signs that appeared on the

EURJPY November 11 , 2010 - Morning Report Recommendation EURJPY

FOREX TRADING - EURJPY November 11 , 2010 - Morning Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - GBPJPY Euro vs. Japanese Yen (EUR / JPY) Morning Report
 


Yesterday's incline forced us to look deeper at the internal count of our suggested Elliott count, where we believe now that the internal "b" wave hasn't been completed yet. The uptrend of momentum indicator

EURGBP November 11 , 2010 - Morning Report Recommendation EURGBP

FOREX TRADING - EURGBP November 11 , 2010 - Morning Report Recommendation EURGBP Technical EURGBP / EURGBP EUR/GBP - EUR GBP - EURGBP Morning Report
 


The royal pair declined towards the second potential reversal zones of the suggested bullish harmonic AB=CD pattern at 0.8440 as seen on the provided four hour chart. We discussed yesterday the sensitivity of this point as it meets

USDCAD November 11 , 2010 - Morning Report Recommendation USDCAD

FOREX TRADING - USDCAD November 11 , 2010 - Morning Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Morning Report
CAD
Through the four hour image above, we find that the pair is wedged within a sideway range after exiting the bearish path; however, we think that trading within this range is temporary since SMA 50 will continue its

USDCHF November 11 , 2010 - Morning Report Recommendation USDCHF

FOREX TRADING - USDCHF November 11 , 2010 - Morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Morning Report

CHF
The pair is trading according to yesterday’s scenario, while resistance for the minor ascending channel stood as a strong barrier in front of resuming more bullish movement. Hence, chances of trading to continue naturally within this channel

USDJPY November 11 , 2010 - Morning Report Recommendation USDJPY

FOREX TRADING - USDJPY November 11 , 2010 - Morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report
JPY
The pair pushed to the upside yesterday in an attempt to breach the main bearish channel’s resistance level – currently at 82.35 -, while the daily closing is below this level and thereby encouraging expectations of an overall bearish

GBPUSD November 11 , 2010 - Morning Report

FOREX TRADING - GBPUSD November 11 , 2010 - Morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The support level 1.5960 showed the pair strong support in front of it’s descend yesterday, preventing the pair from forming the suggested technical pattern. The pair rebounded accompanied by stochastic showing overbought

eurusd november 11 , 2010 - morning Report Recommendation EURUSD

FOREX trading - eurusd november 11 , 2010 - morning Report
Recommendation EURUSD
Technical EUR/USD
EUR USD - eur/usd
Euro
Morning Report


EUR

The pair succeeded in achieving the bearish scenario expected yesterday, where it closely neared the awaited key target at 1.3635 as the pair rebounded strongly to the upside to stabilize around pivotal 1.3800. Thus, chances of

The dollar falling on believes the Asian currencies may rise

The dollar falling on believes the Asian currencies may rise The dollar fell today against majors on believes some Asian countries might witness a rise in their currencies’ values if the central banks decide to raise rates in order to mitigate inflation, especially the Chinese central bank. On the other hand, all markets will shift their attention today towards the South Korean capital,

Chinese economy released today data concerning both the retail sales index

Drops in Chinese retail sales and industrial production during OctoberThe Chinese economy released today data concerning both the retail sales index and the industrial production index during the month of October, where the actual reading of the retail sales index showed a reading of 18.6% compared to the previous reading referring to a rate of 18.8% equivalent to the forecasted reading. As

Chinese inflation data

Chinese inflation data The Chinese economy released today data related to the producers price index during the months of October where the actual reading showed a rise of 5.0% less than the previous reading which was at 4.3%, while expectations refereed to a rate of 4.5%. As for the consumer price index the actual reading showed an increase of 4.4% compared to the previous reading at 3.6%

Australia's jobless rate unexpectedly rose to 5.4 per cent during October

Jobless rate posts surprise jump in OctoberAustralia's jobless rate unexpectedly rose to 5.4 per cent during October, despite better than expected job creation, according to data from the Australian Bureau of Statistics (ABS). A total of 29,700 jobs were added during the month, surpassing expectations for an increase of 20,000. Economists had tipped the unemployment rate to remain steady at

Japan's consumer confidence household reading for the month of October

Japan Consumer confidence Household Japan's consumer confidence household reading for the month of October released with actual reading 40.9, compared with the previous reading 41.2 in September, while the actual reading came higher than anticipations that estimated of 40.6

China trade balance surplus widens more than expected in October

China trade balance surplus widens more than expected in OctoberThe Chinese economy reported today that the China's trade balance surplus widened more than markets expectations during the month of October, as the Chinese exports continued to advance during this period, due to the global demand strengthened alongside improving economic

China's trade balance surplus widened $27.1 billion during the month of October

China trade balance roseChina's trade balance surplus widened $27.1 billion during the month of October, compared with a previous surplus of $16.88 billion in September, and the actual reading came higher than the anticipated surplus of $25.00 billion.  Exports rose 22.9% during the year ended October, compared with a previous 25.1% a year earlier, and forecasts referred to 23.0%. On the

Philippine's annualized total exports which rose 46.1% during the year ended Sept.

Philippine's total exports Philippine's annualized total exports which rose 46.1% during the year ended Sept. 30, compared with the previous reading 36.6% a year earlier, which was revised to 37% while the current reading is better than analyst's forecasts that referred to 29%.  Also Philippine's total monthly exports inclined to $5314.2 million during September, compared with the previous

Australian economy issued the Westpac consume confidence reading for month of November

Australian's Westpac consumer confidence The Australian economy issued the Westpac consume confidence reading for month of November which dropped 5.3%, compared with a previous reading 3.3% in October

South Korean unemployment rate seasonally adjusted retreated

South Korean unemployment rate South Korean unemployment rate seasonally adjusted retreated to 3.6% during the month of October, while the actual reading came less than a previous reading 3.7% in September

Forex Trading Sive Morten EURUSD Daily November 9 , 2010 Video

Forex Trading Sive Morten EURUSD Daily November 9 , 2010 Videohttp://www.youtube.com/watch?v=9bve4ZW32uU

Forex Trading - Forex Daily Outlook November 9, 2010

Forex Trading - Forex Daily Outlook November 9, 2010http://www.youtube.com/watch?v=HSYnzbhcAE0A quick update for today. We're continuing to see volatility, which means the market may turn around at any point. We favor a dollar rally but would like it to be confirmed. Unfortunately, the QE2 reaction is going to remain one of the main factors pressuring the dollar. If we see a pullback, we'll

OIL November 9 , 2010 - Morning Report

FOREX TRADING - OIL November 9 , 2010 - Morning Report Technical OIL Oil Oil Report Morning Report
oil09
After touching levels around 86.15, where crude started ascending once again proving its stability above 127% correction; therefore, an extending CD leg is expected from the suggested harmonic pattern. Stochastic is showing a negative crossover from overbought areas, which is the

GOLD November 9 , 2010 - Morning Report

FOREX TRADING - GOLD November 9 , 2010 - Morning Report Recommendation GOLD Technical GOLD Report GOLD Morning Report
gold09
After approaching 1385.00 levels, the metal soared affected by the previous explained harmonic formation, gold stabilized above 127% Fibonacci of XA leg; thus the crab pattern is confirmed. Consequently, more bullishness could be witnessed over intraday basis

SILVER November 9 , 2010 - Morning Report

FOREX TRADING - SILVER November 9 , 2010 - Morning Report Recommendation SILVER Technical SILVER Silver Morning Report

silver09     silver09
After reaching the awaited technical objectives of previous and current weeks, we see that silver's IM wave might have been completed at 28.15. Although there is another count that could push the metal upwards further more after achieving a

GBPJPY November 9 , 2010 - Morning Report

FOREX TRADING - GBPJPY November 9 , 2010 - Morning Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Morning Report
 


For the third consecutive day, the pair failed to maintain levels above the upper line of the descending channel as seen on the provided daily chart. Not only that, but Stochastic has formed a

EURJPY November 9 , 2010 - Morning Report

FOREX TRADING - EURJPY November 9 , 2010 - Morning Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - GBPJPY Euro vs. Japanese Yen (EUR / JPY)
Morning Report
 


Reconsidering our suggested Elliott count, we think the B wave hasn't been completed, yet and the pair is forming the third wave of the potential zig zag correction. We will use this new outlook to suggest

EURGBP November 9 , 2010 - Morning Report

FOREX TRADING - EURGBP November 9 , 2010 - Morning Report Recommendation EURJPY Technical EURGBP / EURGBP EUR/GBP - EUR GBP - EURJPY
Morning Report
 


The royal pair is trapped within a very tight range since yesterday and it is currently trading around the areas where the forth wave of the IM for our suggested Elliott count should be completed. Therefore, we can witness a

USDCAD November 9 , 2010 - Morning Report

FOREX TRADING - USDCAD November 9 , 2010 - Morning Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD)
Morning Report
CAD
The loonie is trading within narrow ranges since yesterday keeping in mind that moving within the minor ascending channel will place the pair temporarily above the downside channel’s resistance level shown above. This

USDCHF November 9 , 2010 - Morning Report

FOREX TRADING - USDCHF November 9 , 2010 - Morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Morning Report
CHF
The pair is moving within a narrow range since yesterday stabilizing above the downside channel’s resistance level shown above, although trading is wedged between both ends of the bearish pattern that we expect will help this

USDJPY November 9 , 2010 - Morning Report

FOREX TRADING - USDJPY November 9 , 2010 - Morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report
JPY
The pair is still moving within the minor ascending channel shown in our reports yesterday, keeping mind the strength of the mentioned support level 80.70. In overall, no change is evident on yesterday’s suggested scenario and thus we

GBPUSD November 9 , 2010 - Morning Report

FOREX TRADING - GBPUSD November 9 , 2010 - Morning ReportRecommendation GBPUSDTechnical GBP/USDGBP USD - gbp/usdGreat British Pound (GBP) Morning Report
GBP
SMA 50 halted its descend yesterday and stabilized once again above pivotal support that is currently ascending towards 1.6105, representing the neckline for the bearish technical pattern that makes us expect a bearish intraday

EURUSD November 9 , 2010 - Morning Report

FOREX TRADING - EURUSD November 9 , 2010 - Morning ReportRecommendation EURUSDTechnical EUR/USDEUR USD - eur/usdEuroMorning Report
EUR
The pair continued its strong downward movement affected by the bearish trend appearing in the image above nearing support for the ascending short term channel at 1.3790, where we expect a bullish rebound from this level supported by momentum indicators,

German CPI final reading for the month of October

German CPI matches forecasts German CPI final reading for the month of October came in line with both prior and estimated readings at 0.1% on the month and 1.3% on the year

UK trade deficit to narrow in September

Europe Ahead: UK trade deficit to narrow in September UK will release important data for September which may provide additional clues how the GDP final reading will look like. Manufacturing and industrial production and trade balance are due later in the day. Manufacturing production is expected to inch down to 0.2% from 0.3% in August while industrial production will tick up to 0.4% from

Japanese current account surplus showed unexpected improvements in September, which indicates improvement in the levels of exports during the month of September

Japanese Current account improvement during the month of September Japanese current account surplus showed unexpected improvements in September, which indicates improvement in the levels of exports during the month of September in spite of the rising Japanese yen against the American dollar in 15 years. The Japanese economy announced today data on the overall current account during the

apanese economy releases today data concerning the current Eco Watchers Survey during the month of October

Japanese ECO watchers survey The Japanese economy releases today data concerning the current Eco Watchers Survey during the month of October where the actual reading showed a value of 40.2 compared to the previous reading value at 41.2 while the Eco Watcher's survey future expectations for the month of November showed a value of 41.1 after the previous reading showed a value of 41.4

Australian economy released data concerning the NAB Business Conditions during October

Business sector conditions in Australia The Australian economy released data concerning the NAB Business Conditions  during October, where the actual reading value showed an increase by 2 compared to the previous reading 7, while NAB Business Confidence showed a value of 8 during October compared to the previous reading of 10

Japanese economy announced today data on the overall current account during the month of September

Japanese Current account data The Japanese economy announced today data on the overall current account during the month of September where the actual reading showed a surplus value of 1959.8 billion yen, while expectations indicated a surplus value of 1684.3 yen however the previous reading was 1114.2 billion yen. Current account data showed a surplus of 1661.3 billion yen while expectations

Gold Rises Above $1400 an Ounce for First Time Ever

Gold Rises Above $1400 an Ounce for First Time EverGold prices rose above the $1400 an ounce barrier for the first time ever today, despite that the U.S. dollar also rose against major currencies, where a combination of fears from European debt saga sparked by the latest Irish debt problems, in addition to comments from World Bank President Robert Zoellicks earlier today, in which he

GBPJPY november 8 , 2010 - midday report

FOREX trading - GBPJPY november 8 , 2010 - midday report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Midday Report
 


As we mentioned in our technical messages, the initial support-previous resistance- around 130.50 succeeded in pushing the pair upwards once more. We still need a breakout above the upper line of

EURJPY november 8 , 2010 - midday report

FOREX trading - EURJPY november 8 , 2010 - midday report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - GBPJPY Euro vs. Japanese Yen (EUR / JPY) Midday Report
 


The pair is still forming the suggested right shoulder of our suggested classical formation discussed in details in our weekly report. In "Eye on the pair" report, you can review the mixture between harmonic

USDCAD November 8 , 2010 - Midday Report

FOREX TRADING - USDCAD November 8 , 2010 - Midday Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Midday Report
CAD
The loonie touched resistance levels shown in our weekly report from this morning, where we expect a bearish reversal. We expect that the suggested scenario in our weekly report has been activated, but keep in mind the

USDCHF November 8 , 2010 - Midday Report

FOREX TRADING -USDCHF November 8 , 2010 - Midday Report Recommendation USDCHFTechnical USD/CHFUSDCHF - USD/CHF - USD CHFSwiss Franc (CHF)Midday Report
CHF
The pair breached the descending short term channel at 0.9645, although momentum indicators are showing negative signs on the four hour chart that may cause us to witness some narrow fluctuation between 0.9645 – breached resistance – and

USDJPY November 8 , 2010 - Midday Report

FOREX TRADING - USDJPY November 8 , 2010 - Midday Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Midday Report
JPY
The pair is currently measuring the strength of SMA 50 that has formed good support in front of the pair at 80.95; whereas stochastic is showing negative crossover that makes us expect a bearish intraday direction that will initially