Forex Daily Outlook October 1, 2010

Forex Daily Outlook October 1, 2010
A BIG MOVE YESTERDAY across the GBP pairs. The GBP/USD fell from 1.5920 to 1.5665 in 8 hours and is now in danger of turning over before reaching the 1.60 level. Another attempt at 1.59 could give bears an opportunity to get in at a very nice price for a potential move back to 1.5150 over the next 2-4 months. Equities are not rallying and if they stall at

FOREX Video Trading Strategy AUDUSD Outlook October 1, 2010

FOREX Video Trading Strategy AUDUSD Outlook October 1, 2010 

FOREX VIDEOhttp://forex-ar-en.blogspot.com

Forex News - China Sep CFLP PMI Up For 2nd Mth On Stronger Orders, Output

Forex News - China Sep CFLP PMI Up For 2nd Mth On Stronger Orders, OutputGrowth in China's manufacturing sector accelerated further in September after a rebound in August on the back of stronger new orders and production, according to the data released by the China Federation of Logistics and Purchasing (CFLP) on Friday. China's semi-official purchasing managers index rose to 53.8 in

Forex News - Aussie Rallies on Chinese Manufacturing PMI

Forex News -  Aussie Rallies on Chinese Manufacturing PMIChina is unstoppable – PMI for September exceeded expectations. When Australia’s main trade partner gets a good figure – the Aussie rallies. After taking a dip on weak domestic figures, the Chinese release provides new momentum for the Aussie Just before entering a public holiday,China released the purchasing managers’ index for

FOREX News - South Korean trade balance

FOREX  News - South Korean trade balance The Korean economy released the trade balance surplus widened to $5008 million during the month of September, compared with a previous surplus $2077 million in August, while the expectations referred to $4000 million.  Moreover, the South Korea's exports annual reading inclined by 17.2% to $39748 million in September, while the actual reading came

Forex News - South Korean HSBC manufacturing PMI declined

  Forex News - South Korean HSBC manufacturing PMI declinedSouth Korean manufacturing PMI for the month of September retreated to reach 48.8, compared with a previous 50.9 in August. Moreover, The PMI manufacturing reading when it came above 50 indicated a recovery of the industrial sector in the nation, but the actual reading came blow 50, meaning the South Korean industrial sector is

Forex News - South Korean consumer price index

  Forex News - South Korean consumer price indexThe Korean economy released its monthly consumer price index, which rose 1.1% during September, compared with a previous reading of 0.3% in August, and analysts' expectations estimated of 0.4% Also South Korean annualized consumer price index inclined 3.6% during September, compared with a previous reading 2.6% a year earlier, whereas the

Forex News - Japan CPI

Forex News - Japan CPIJapan's annualized Natl CPI for the year ending August, released with actual of -0.9% which came as a pervious, while the actual reading came inline with the expectation.  Japan's Natl CPI excluding food and energy (YoY) during August, which came at -1.5%, while the actual came inline with both of the previous reading anc expectations estimatesFOREX VIDEOhttp://

Japan's jobless rate

Japan's jobless rateJobless rate in Japan retreated to 5.1% in August, which compared with previous reading of 5.2% during July, while analyst's expectations were leading to the same reading 5.1%.Moreover, the Japanese economy released job to applicant ratio inclined 0.48 in August; compared with a previous reading 0.53 in July, while analyst's forecasts referred to 0.54FOREX VIDEOhttp://

FOREX VIDEO TRADING | New York Session Review | September 30, 2010

FOREX VIDEO TRADING | New York Session Review | September 30, 2010 The U.S. dollar finished the third quarter on a positive note. The world's reserve currency made triple-digit-pip moves against the British pound and the Australian dollar during the New York session FOREX VIDEOhttp://forex-ar-en.blogspot.com 

Japan Data On Tap For Friday October 1 ,2010

Japan Data On Tap For Friday October 1 ,2010apan is set to release another major round of data on Friday, headlining a busy day for Asian economic activity. On tap are August figures for inflation, household spending, unemployment and September numbers for vehicle sales.Nationwide core inflation is expected to come in at -1 percent after easing 1.1 percent in July. Core inflation for Tokyo -

Federal Reserve Chairman Ben Bernanke

Federal Reserve Chairman Ben Bernanke  acknowledged deep divisions at the central bank about how to handle today’s complex economic problems. But he also welcomed the dissent and said it might actually lead the Fed to better decisions     FOREX VIDEOhttp://forex-ar-en.blogspot.com
Getty ImagesFed Chairman Ben Bernanke
“There is disagreement, but ultimately the committee finds a consensus and we

Canada's Carney Says `Caution' Needed on Further Interest Rate Increases

Canada's Carney Says `Caution' Needed on Further Interest Rate IncreasesBank of Canada Governor Mark Carney said major headwinds facing the country’s economy, and “unusual” uncertainty surrounding the economic outlook, mean the central bank needs to be cautious in raising interest rates further. “The unusual uncertainty surrounding the outlook warrants caution,” Carney, 45, said today in the

Forex News Daily Video YouTube

Forex News Daily Video YouTube The Chicago PMI came in much better than expected perhaps setting the stage for a better reading in tomorrow's ISM Manufacturing PMI. Also jobless claims fell more than expected, and 2nd quarter GDP was revised higher. The positive news helped to stem overnight US Dollar weakness. In Europe, positive German employment data and the unveiling of more capital

Forex Video Technical Update September 30 ,2010

Forex Video Technical Update  September 30 ,2010  Forex Technical Update 9/30/2010 - Greenback is Fighting Back as Gold's Record Run Stalls  The correlation of general USD weakness is very strong with the rally in Gold. As gold shows topping action, the EUR/USD and AUD/USD appear to be topping as well, and the USD/JPY appears to be bottoming. The GBP/USD reacted very strongly and is testing

The story of three days in the forex currency market

The story of three days in the forex currency marketStrengthened dollarSo far throughout the currencies market the green Benjamin was able to erase loses and gain strong momentum since that the Chicago PMI of this month showed that manufacturing conditions enhanced to 60.4 from a prior reading while that the second quarter final reading of the superpower personal consumption climbed up to

Chicago PMI to shock the USD bears

Chicago PMI to shock the USD bearsThis market is ill-prepared for the Fed officials out yesterday strongly doubting the efficacy of QE2 and then a super-strength Chicago PMI this morning.  Has this market overstretched itself on the QE2/competitive devaluation theme? Note: today’s update is relatively abbreviated/rushed due to the loss of the original report due to a system failure after it

US Dollar Sets Another 8-Month Low, Stocks Edge Above Resistance

US Dollar Sets Another 8-Month Low, Stocks Edge Above Resistance
Prices appear to have narrowly edged above resistance at $1181.42, the 123.6% Fibonacci extension of the 8/5-8/25 downswing. Negative RSI divergence hints at fading momentum behind the advance, but a move toward the 138.2% Fib at $1195.28 now looks likely in the near term. $1181.42 has been recast as support. US DOLLAR INDEX

Chicago PMI

  Chicago PMIThe U.S. released the Chicago PMI index for the month of September, where the index rose to 60.4, compared with median estimates of 55.5 and well above the prior estimate of 56.7
FOREX VIDEOhttp://forex-ar-en.blogspot.com

Canada July GDP -0.1% vs +0.2% in June; +3.7% yr/yr

Canada July GDP -0.1% vs +0.2% in June; +3.7% yr/yrCanada's economy dropped into slight decline in July, falling 0.1% for the first monthly drop since August, 2009, Statististics Canada reported Thursday. The 0.1% decline in Gross Domestic Product had been expected by analysts and was for the reasons expected -- decreases in manufacturing, retail and wholesale trade, construction and

U.S. Economy Expands by 1.7% in the Second Quarter of 2010

U.S. Economy Expands by 1.7% in the Second Quarter of 2010The U.S. economy continued to expand during the second quarter of this year, however, it seems that the economy had lost some momentum, where the final GDP estimate for the three months ending June signaled that the economy expanded by 1.7%, compared with 3.7% reported in the first quarter of this year. The U.S. Commerce Department

US Jobless Claims plummeted cheerfully

US Jobless Claims plummeted cheerfullyThe US Initial Jobless Claims for September 25 fell to 453 thousand; better than the expected 460 thousand and the prior revised 469 thousand from 465 thousand, while that the Continuing Claims for Septembre 18 fell to 4457 thousand, which is better than the projected 4473 thousand and the prior revised reading of 4540 thousand from 4489 thousand
FOREX

U.S. Jobless Claims in Decreased 16,000 to 453,000 Last Week

U.S. Jobless Claims in Decreased 16,000 to 453,000 Last WeekApplications for U.S. unemployment benefits decreased last week, a sign companies are cutting back on firings even as economic growth slows.

Initial jobless claims decreased by 16,000 to 453,000 in the week ended Sept. 25, lower than the median forecast of economists surveyed by Bloomberg News, Labor Department figures showed today in

Cheerful US GDP Data

Cheerful US GDP DataThe US Annualized final reading of its GDP expanded cheerfully by 1.7% from a prior growth rate of 1.6%, knowing that the market predicted an unchanged growth rate as well, while that the GDP Price Index came in unchanged as forecasted at 1.9% As for the final reading of its second quarter personal consumption it rose cheerfully to 2.2%; higher than the prior and

FOREX TRADING - OIL September 30 ,2010 - Midday Report

FOREX TRADING - OIL September 30 ,2010 - Midday Report OilOil ReportFOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report Crude halted at 23.6% correction for yesterday’s bullish wave consolidating at 77.55 to resume the upside journey. Momentum indicators are showing overbought signs that might cause some fluctuation, but overall we expect a bullish intraday direction as long as the four

FOREX TRADING - GOLD September 30 ,2010 - Midday Report

FOREX TRADING - GOLD September 30 ,2010 - Midday Report GoldFOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report
 
The secondary image of the four hour time scale offers three positive technical factors as follows:   The levels of 1307.00 provide the metal with solid support.
  SMA 50 is carrying the bullishness from below.
   Potential continuation classical pattern has been formed

FOREX TRADING - SILVER September 30 ,2010 - Midday Report

FOREX TRADING - SILVER September 30 ,2010 - Midday Report SilverFOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report
 
The second technical attempt to breach the key resistance level at 21.90 -turned into support- was successful as the metal closed positively above it over four hour basis. Thus, the IM wave is still valid and we believe that more bullishness are underway due to this

FOREX TRADING - GBPJPY September 30 ,2010 - Midday Report

FOREX TRADING - GBPJPY September 30 ,2010 - Midday Report GBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report
 
The subsidiary image of the four hour interval shows how the recently established support around 131.70 pushed the pair upwards sharply once more towards 132.60 level, which is above 38.2% Fibonacci level for

FOREX TRADING - EURJPY September 30 ,2010 - Midday Report

FOREX TRADING - EURJPY September 30 ,2010 - Midday Report EUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report
 
The EUR/JPY pair moved flawlessly inside the ascending channel of the four hour time frame, where it found a solid support around SMA 50 as we mentioned in our technical messages. Thus, the sharp inclines that occurred

FOREX TRADING - EURGBP September 30 ,2010 - Midday Report

FOREX TRADING - EURGBP September 30 ,2010 - Midday Report EUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report
 
The slow movements continued during the previous session due to facing Fibonacci level 50% for the CD leg of our efficient duplicated harmonic pattern at 0.8605. We think that the pair is building a solid base for the

FOREX TRADING - USDCAD September 30 ,2010 - Midday Report

FOREX TRADING - USDCAD September 30 ,2010 - Midday Report USD CAD - usd/cadCanadian Dollar (CAD)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report

The pair touched the resistance for the sideways range at 1.0345, from where it initiated a bearish wave supported by negative signs on Stochastic. Our expectations remain valid as far as the pair does not set four-hour closing above 1.0345.

FOREX TRADING - USDCHF September 30 ,2010 - Midday Report

FOREX TRADING - USDCHF September 30 ,2010 - Midday Report USD CHF - usd/chfSwiss Franc (CHF)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

The pair retested the awaited resistance around 0.9795 and bearishly reverse, therefore the morning scenario is activated and remains valid with four-hour closing below 0.9795.
The trading range for today is among the key support at 0.9635 and

FOREX TRADING - USDJPY September 30 ,2010 - Midday Report

FOREX TRADING - USDJPY September 30 ,2010 - Midday Report USDJPY - usd/jpyJapanese Yen (JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report

The pair is trading to the downside since this morning, where it stabilized below the pivotal resistance at 83.65. No change is witnessed since this morning; therefore we maintain our expectations as far as we do not witness a daily closing

FOREX TRADING - GBPUSD September 30 ,2010 - Midday Report

FOREX TRADING - GBPUSD September 30 ,2010 - Midday Report GBP USD - gbp/usdGreat British Pound (GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report
With a minor difference from the mentioned support level this morning, the pair started the expected bullish wave and currently trading above 1.5900. More intraday bullishness is expected today, but keep in mind that we might witness

FOREX TRADING - EURUSD September 30 ,2010 - Midday Report

FOREX TRADING - EURUSD September 30 ,2010 - Midday Report EUR USD - eur/usdEuro
FOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report

The pair built a base on 1.3555 and rushed to the upside attacking the support for the previously breached rising wedge that has currently turned into resistance at 1.3675. More bullish intraday movement is expected for the remainder of the day, although we

European Central Bank said it will inject €29.4 billion

European Central Bank said it will inject €29.4 billion European Central Bank said it will inject €29.4 billion in the banking sector in order to loosen tight credit conditions in the continent and ease smooth lending. The six-day process aims to reduce long-term loans totaling €225 billion. In addition, banks need to repay €75.0 billion in 12-month funds, €18.0 billion in six-month funds

FOREX VIDEO TRADING - London Session Review - September 30, 2010

FOREX VIDEO TRADING - London Session Review - September 30, 2010 As we started London today we started showing signs of continued USD weakness on the US Index chart, as well as a very definable price trap on the GBP/USD. These two things together caused us to zoom into the GBP/USD as it started testing the Apex of the triangle right before the London open. Sure enough a pre-London low risk

FOREX VIDEO TRADING EUR/USD & NZD/USD September 30 ,2010

FOREX VIDEO TRADING EUR/USD & NZD/USD September 30 ,2010FOREX VIDEOhttp://forex-ar-en.blogspot.com 

Forex Análisis 30 de Septiembre de 2010 Trader College

Forex Análisis 30 de Septiembre de 2010 Trader College

FOREX VIDEOhttp://forex-ar-en.blogspot.com

The superpower's growth along with its consumption most likely stagnated while that manufacturing activities probably lost further strength

The superpower's growth along with its consumption most likely stagnated while that manufacturing activities probably lost further strengthSome key indexes will be released later on today from the world's leading economy regarding its growth, personal consumption, manufacturing activities and its ongoing deteriorated labor market to most probably or unquestionably confirm once again that the

Demand for higher yielding assets persist, dollar slumps, gold at historic highs

Demand for higher yielding assets persist, dollar slumps, gold at historic highsThe European common currency along with the pound extended their rise against the dollar, which forced the US dollar index to slump further and enable the precious metal from setting new historic highs at 1,314.75. Gold is expected to extend its rise further today, as investors await the release of US GDP data.

Euro Area Inflation Rise in September

Euro Area Inflation Rise in September As expected, inflation in the euro area rose further in September according to the Flash CPI Estimate. Inflation rose an annual 1.8% from 1.6% in AugustFOREX VIDEOhttp://forex-ar-en.blogspot.com

Germany Unemployment Rate

Germany Unemployment RateGermany's unemployment figures will spread cheerfulness in financial markets, where the economy's unemployment change in September was double expectations with a drop of 40.0 thousand to 3.15 million, compared with earlier drop of 17.0 thousand. Moreover, the Unemployment Rate dropped in September to 7.5 percent compared with the previous and the expected 7.6

Spain Credit Rating downgraded

Spain Credit Rating downgradedMoody’s Investors Services downgraded Spain’s credit rating by one notch to “Aa1” with a stable outlook from “Aaa” as the nation’s outlook “Weakened.”  Spain Prime Minister Jose Luis Zapatero is preparing to pass the biggest ascetic budget plan in nearly three decades while also trying to convince lenders and investors that Spain’s deficit will narrow and the

Irish Bank bailout looming

Irish Bank bailout looming Ireland Central Bank said that Anglo Irish Bank Corp and Allied Irish Banks PLC may need nearly $20.0 billion in extra capital. Both banks might receive up to €14.3 billion as the bank. The total cost of the bailout might rise to around 50 billion euros according to the figures published today by the finance ministry and the central bank. Anglo bank might need

UK Nationwide house September report

UK Nationwide house September reportUK’s nationwide house prices index rose on the monthly scale by 0.1%, compared with the prior -0.9% that got revised to -0.8%, while better than market expectations of -0.3%, meanwhile the index rose on the yearly scale by 3.1%, which comes below the previous 3.9 percent, but higher than analysts forecast of 2.6 percentFOREX VIDEOhttp://

Japan housing starts unexpectedly rose

  Japan housing starts unexpectedly roseThe Japanese economy issued the housing start annual reading, where the index unexpectedly rose 20.5% during the month of August, which compared with a previous reading of 0.6%, while the actual reading came higher than analysts' expectations that referred to 10.2%.  Also annualized housing starts recorded 0.829 million unit in August, compared with a

FOREX TRADING - OIL September 30 , 2010 -Morning Report

FOREX TRADING - OIL September 30 , 2010 -Morning ReportOilOil ReportFOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report Crude succeeded in achieving yesterday’s suggested scenario flawlessly, where it is currently showing a bearish reversal due to the negativity of momentum indicators; therefore, making us expect some bearish correction that could build a base on 76.80 before returning

FOREX TRADING - GOLD September 30 ,2010 - Morning Report

FOREX TRADING - GOLD September 30 ,2010 - Morning ReportGoldFOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report
 
Gold is moving within a very tight range since yesterday, but we notice how the recently established support around 1307.00 holds. It seems that the metal is building a new base to be able to reach the detected resistance line of our captured rising wedge pattern. This

FOREX TRADING - SILVER September 30 ,2010 - Morning Report

FOREX TRADING - SILVER September 30 ,2010 - Morning ReportSilverFOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report
 
In addition to the suggested Elliott count, which we discussed together several times before, we can see signs of forming a classical continuation pattern that may assist the metal to breach the sensitive areas around 21.90. These levels should be breached to make

FOREX TRADING - GBPJPY September 30 ,2010 - Morning Report

FOREX TRADING - GBPJPY September 30 ,2010 - Morning ReportGBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Morning Report

 
The contradiction between Stochastic for the four hour interval and Stochastic for the daily chart, could not prevent the pair from returning above 38.2% Fibonacci for the upside rally from 127.60 to 135.00.

FOREX TRADING - EURJPY September 30 ,2010 - Morning Report

FOREX TRADING - EURJPY September 30 ,2010 - Morning ReportEUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com

Morning Report

 
The harmonic probability of resuming the CD leg of the Crab pattern is still valid and you can review it in the weekly report. Additionally, an ascending channel price was drawn on the four hour chart, seen on the

FOREX TRADING - EURGBP September 30 ,2010 - Morning Report

FOREX TRADING - EURGBP September 30 ,2010 - Morning ReportEUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)
FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report
 
Normal slow movements are noted as the royal pair faced Fibonacci level 50% for the CD leg of our efficient duplicated harmonic pattern at 0.8605. The stable move above 0.8530 argues the we must hold onto our positive

FOREX TRADING - USDCAD September 30 ,2010 - Morning Report

FOREX TRADING - USDCAD September 30 ,2010 - Morning ReportUSD CAD - usd/cadCanadian Dollar (CAD)FOREX VIDEOhttp://forex-ar-en.blogspot.com Morning Report

The bullish momentum appearing on the four hour chart caused the pair to move upwards to near sideway resistance at 1.0345, keeping in mind that losing bullish momentum for Stochastic and entering overbought areas adds additional strength

FOREX TRADING - USDCHF September 30 ,2010 - Morning Report

FOREX TRADING - USDCHF September 30 ,2010 - Morning ReportUSD CHF - usd/chfSwiss Franc (CHF)FOREX VIDEOhttp://forex-ar-en.blogspot.com Morning Report

The pair continues trading below the pivotal level mentioned yesterday at 0.9795, where the stochastic is gradually losing bullish momentum alongside stabilizing below SMA 50. All these factors  make us expect a bearish trend over an intraday

FOREX TRADING - USDJPY September 30 ,2010 - Morning Report

FOREX TRADING - USDJPY September 30 ,2010 - Morning ReportUSDJPY - usd/jpyJapanese Yen (JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com Morning Report

The pair traded below resistance for the bearish channel, alongside breaching the correctional 76.4% Fibonacci level at 83.60 and making us await a bearish intraday direction today; targeting 82.85 – 82.40. On the other hand, keep in mind that

FOREX TRADING - GBPUSD September 30 ,2010 - Morning Report

FOREX TRADING - GBPUSD September 30 ,2010 - Morning ReportGBP USD - gbp/usdGreat British Pound (GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.com Morning Report

The cable began the awaited bullish wave yesterday after its fluctuation around 1.5800, supported by positivity appearing on Stochastic. Thus, we expect a bullish intraday direction that starts its targets at 1.5935 then 1.6000; whereas

FOREX TRADING - EURUSD September 30 ,2010 - Morning Report

FOREX TRADING - EURUSD September 30 ,2010 - Morning ReportEUR USD - eur/usdEuroFOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report The pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest

Forex Daily Outlook - Video September 30, 2010

Forex Daily Outlook - Video September 30, 2010We are now seeing exhaustion in the market. Bulls are getting tired of pushing the majors higher against the dollar. This may lead to a few days of a stronger dollar before the next, and last, push higher. The London session should give us some insight into direction for the remainder of the week. We are paying close attention to the USD/CAD as

Building approvals in Australia

Building approvals in Australia The Australian economy released its monthly building approvals, where the index dropped by 4.7%, compared with the pervious of 2.3%, which was revised to 0.1%, while the expectations were leading to 0%.  Moreover, annualized building approvals retreated to 4.4% in August, compared with a previous reading of 11% a year earlier, revised to 11.1%, while the

Industrial production in Japan

Industrial production in JapanThe Japanese economy issued its Industrial Production preliminary reading (MoM), where the index dropped by 0.3% during August, compared with the pervious decline 0.2%, while analyst's forecasts referred to 1.1%.  Also Japan's Industrial Production preliminary reading (YoY) for the year ending in August 30 rose to 15.4%, compared with a previous 14.2%, while

Japan retail trade

  Japan retail trade Monthly retail Trade Index seasonally adjusted which rose 1.4% in August, compared with the pervious reading of 0.7% during June, while the actual reading came less than expectations that referred to 1.9%.  On the other side, annualized retail Trade during August which released with actual reading 4.3%, compared with a previous reading of 3.9%, while the anticipation

Industrial production in South Korea

  Industrial production in South KoreaThe Korean economy issued its annualized service industry output index for the year ending August, which rose 4.2%, compared with a previous of 3.4% a year earlier. Also South Korean industrial production MFG (YoY) during August, where the index released with 17.4% compared with a pervious of 15.9%.  Moreover, the Korean economy also released the

FOREX VIDEO Trading - ASIAN OUTLOOK September 30 , 2010

FOREX VIDEO Trading - ASIAN OUTLOOK September 30 , 2010 Hi Everyone
A bit of a lengthy video today. Essentially split in to 4 parts -
1. Update on the USD/JPY
2. Longer-term look at the Pound and Euro
3. What we could look to trade over the next 24 hours.
4. A little technique for entering trades off the Daily 5 EMA. What we like to call a vegemite sandwich trade.....
Enjoy folks. Hope you have

FOREX VIDEO Trading | New York Session Review | September 29, 2010

FOREX VIDEO Trading | New York Session Review | September 29, 2010 Although the currency market was mostly direction-less, traders retained their sour mood toward the U.S. dollar. The EUR/USD currency pair achieved a new 24-week high after rising more than 50 pips during the final 90 minutes of the European trading
FOREX VIDEOhttp://forex-ar-en.blogspot.com

US dollar may rebound against majors

 US dollar may rebound against majorsThe US dollar may rebound against majors after the dollar index fell to the lowest level in eight months as depicted by momentum indicators. The dollar index, which tracks the dollar performance versus six major currencies, plummeted to a low of 78.61 but rebounded to 78.85. Stochastic Oscillator momentum indicator is bullish signs as the dollar is

The EIA report showed that U.S

The EIA report showed that U.S The EIA report showed that U.S. commercial crude oil inventories decreased by 0.5 million barrels from the previous week. At 357.9 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 3.5 million barrels last week and are above the upper limit of the

FOREX TRADING - OIL September 29 ,2010 - Midday Report

FOREX TRADING - OIL September 29 ,2010 - Midday Report OilOil ReportFOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

Crude initially breached the awaited neckline level at 76.60 without stabilizing above it, where it continues fluctuating around this level due to support from SMA 50 that continues pressuring crude to descend. Morning expectations remain intact if we do not witness a

FOREX TRADING - GOLD September 29 ,2010 - Midday Report

FOREX TRADING - GOLD September 29 ,2010 - Midday Report GoldFOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

 
In line with our suggested scenario, gold touched the recently established support levels of 1307.00, where it started to incline once more during the previous session. Thus, we keep our positive overview unchanged for the rest of the day as AROON is still positive,

FOREX TRADING - SILVER September 29 ,2010 - Midday Report

FOREX TRADING - SILVER September 29 ,2010 - Midday Report SilverFOREX VIDEOhttp://forex-ar-en.blogspot.com 
Midday Report

 
Until now, we didn't get the four hour closing we need above 21.90 zones to be able to say that the Fibonacci projection of 161.8% for the third wave could be reached. Thus, we are still watching out the price behavior around the aforesaid levels until this breakout

FOREX TRADING - GBPJPY September 29 ,2010 - Midday Report

FOREX TRADING - GBPJPY September 29 ,2010 - Midday Report GBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com 
Midday Report

 
The mixed signs, discussed earlier this morning, on momentum indicators particularly Stochastic caused some kind of descending actions during the last hour. We should see a stable move above 38.2% Fibonacci

FOREX TRADING - EURJPY September 29 ,2010 - Midday Report

FOREX TRADING - EURJPY September 29 ,2010 - Midday Report EUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com
 Midday Report

 
The pair stabilized above the Fibonacci level of 88.6% during the previous session and that is why we keep our morning expectations unchanged for the rest of the day as we suggest an upside rally resumption to continue the CD

FOREX TRADING - EURGBP September 29 ,2010 - Midday Report

FOREX TRADING - EURGBP September 29 ,2010 - Midday Report EUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

 
As we mentioned in our technical messages, the royal pair touched the support levels of 0.8565, where it started to incline sharply towards the key resistance of 0.8635. Therefore, the bullishness might be resumed for

FOREX TRADING - USDCAD September 29 ,2010 - Midday Report

FOREX TRADING - USDCAD September 29 ,2010 - Midday Report USD CAD - usd/cadCanadian Dollar (CAD)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

The pair touched resistance mentioned this morning at 1.0295 reversing in an attempt to touch pivotal support 1.0245. From here, morning expectations will prevail as long as the four hour closing is below 1.0345.
The trading range for today

FOREX TRADING - USDCHF September 29 ,2010 - Midday Report

FOREX TRADING - USDCHF September 29 ,2010 - Midday Report USD CHF - usd/chfSwiss Franc (CHF)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

The pair touched the awaited retest level at 0.9795 and reversed to the downside to activate our morning scenario. Hence, we can expect a bearish intraday direction keeping in mind the barrier the pair may witness while attempting to resume this

FOREX TRADING - USDJPY September 29 ,2010 - Midday Report

FOREX TRADING - USDJPY September 29 ,2010 - Midday Report USDJPY - usd/jpyJapanese Yen (JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com 
Midday Report

The pair stabilized near 76.4% Fibonacci correction level and below resistance for the descending channel at 83.80, thus note the importance of observing the daily closing for this level to insure the upcoming direction for the pair over an

FOREX TRADING - GBPUSD September 29 ,2010 - Midday Report

FOREX TRADING - GBPUSD September 29 ,2010 - Midday Report GBP USD - gbp/usdGreat British Pound (GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

The cable presently touched the awaited support level at 1.5800, accompanied by Stochastic moving near oversold areas; therefore, the suggested morning scenario will be activated for the remainder of trading today, keeping in mind the

FOREX TRADING - EURUSD September 29 ,2010 - Midday Report

FOREX TRADING - EURUSD September 29 ,2010 - Midday Report EUR USD - eur/usdEuroFOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

The pair is witnessing mixed fluctuations since this morning, with ongoing negative signs appearing on momentum indicators. Morning expectations will prevail as long as a base is built above 1.3500.
The trading range for today is among the key support at 1.3420

Canada Industrial Product Prices higher than forecasts

Canada Industrial Product Prices higher than forecastsCanada Industrial Product Prices for August came in at 0.4% from 0.1%; higher than the expected 0.2%, while that the Raw Materials Price Index for the same period climbed up to 2.2% from 1.8%, knowing that the market projected an incline of 0.5% onlyFOREX VIDEO
http://forex-ar-en.blogspot.com

KoF Swiss Leading Indicator

KoF Swiss Leading IndicatorKOF Swiss Leading Indicator reached in September 2.21%, compared with the revised 2.22% from the initial 2.18%, while expectations were referring to 2.11% riseFOREX VIDEO http://forex-ar-en.blogspot.com

Euro Zone Confidence Indicators

Euro Zone Confidence Indicators The euro zone released its business climate indicator for September coming in at 0.77 higher than the prior revised and expected readings of 0.72 and 0.58 respectively.  Consumer confidence for September was in line with expectations at -11, while economic confidence improved to 103.2 from 102.3 surpassing the expected reading of 101.3. Industrial confidence

UK Mortgage Approvals Drop for the Fourth Month, Reflecting Weakness in Housing Sector

UK Mortgage Approvals Drop for the Fourth Month, Reflecting Weakness in Housing Sector As a continuation to the slowdown witnessed by the British economy in the third quarter, mortgage approvals slid for the fourth month to the lowest level in 16 months. Details showed that mortgage loans for the UK's largest six banks slipped to 47,372 in August from the revised 48,346 in July, while the

Forex Video Trading Report - 29 Sept

Forex Video Trading Report - 29 Sept 

Mortgage Application in UK drop

Mortgage Application in UK dropUK mortgage application dropped to 74.4 thousand in August, compared with the previous revised 48.3 thousand and the expected 47.0 thousandFOREX VIDEOhttp://forex-ar-en.blogspot.com

UK Consumer Credit

UK Consumer CreditUK consumer credit dropped in August to -0.1 billion from the previous 0.2 billion and the expected 0.1 billion. Meanwhile, Net Lending Sec. of Dwellings rose in August to 1.7 billion, from the previous revised 0.0 billion from 0.1 billion and the expected 0.3 billionFOREX VIDEOhttp://forex-ar-en.blogspot.com

UK M4 Money Supply

UK M4 Money SupplyUnited Kingdom M4 Money Supply dropped by -0.1% during August, compared with the prior drop of -0.2%, the index signaled that M4 Money Supply rose by 1.9 percent on the yearly scale from 1.8 percentFOREX VIDEOhttp://forex-ar-en.blogspot.com

FOREX TRADING - OIL September 29 ,2010 -Morning Report

FOREX TRADING - OIL September 29 ,2010 -Morning ReportOilOil Report
FOREX VIDEO
http://forex-ar-en.blogspot.comMorning Report

Crude found strong support at SMA 50 that maintains the suggested bullish trend scenario in our previous reports, where all is needed now is, the clear breach and stability above the neckline at 76.60. Thus, we can expect a bullish intraday direction targeting 78.25

FOREX TRADING - GOLD September 29 ,2010 - Morning Report

FOREX TRADING - GOLD September 29 ,2010 - Morning ReportGold
FOREX VIDEO
http://forex-ar-en.blogspot.com Morning Report

 
Gold succeeded in closing positively above the psychological levels of 1300.00 and thus our suggested classical point of view - discussed in the weekly report- has proved its efficiency. The rising wedge-started at 1035.00- is still in progress; while its resistance

FOREX TRADING - SILVER September 29 ,2010 - Morning Report

FOREX TRADING - SILVER September 29 ,2010 - Morning ReportSilver
FOREX VIDEO
http://forex-ar-en.blogspot.com Morning Report

 
After reaching our detected technical objective of the weekly report at 21.90, we should watch the price behaviors around it as it represents 127% Fibonacci projection of the suggested Elliott wave as a break of which will bring an upside rally resumption towards

FOREX TRADING - GBPJPY September 29 ,2010 - Morning Report

FOREX TRADING - GBPJPY September 29 ,2010 - Morning ReportGBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)
FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report

 
Despite yesterday's decline and mixed signs appearing on momentum and trend indicators, the pair closed above 38.2% Fibonacci for the upside rally from 127.60 to 135.00 once more. There is a possibility of

FOREX TRADING - EURJPY September 29 ,2010 - Morning Report

FOREX TRADING - EURJPY September 29 ,2010 - Morning ReportEUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)
FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report

 
Finally, the EUR/JPY pair closed positively above 88.6% Fibonacci level of XA leg and thus our proposed harmonic Crab pattern was activated. Currently, the CD leg of this pattern could reach 161.8% of the XA leg but let us

FOREX TRADING - EURGBP September 29 ,2010 - Morning Report

FOREX TRADING - EURGBP September 29 ,2010 - Morning ReportEUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)
Morning Report

 
On September 23, we discussed the bigger picture for the royal pair and you can check it in "Eye on the pair" below, where we predicted the present upside wave. The pair closed positively, forming a bullish candlestick pattern-secondary image-. Therefore,

FOREX TRADING - USDCAD September 29 ,2010 - Morning Report

FOREX TRADING - USDCAD September 29 ,2010 - Morning ReportUSD CAD - usd/cadCanadian Dollar (CAD)
FOREX VIDEO
http://forex-ar-en.blogspot.com Morning Report

Pivotal resistance 1.0345 was able to maintain its stance against the pair that has been moving to the upside since yesterday as trading remains within the mentioned sideway range in our several previous reports. Note that trading is

FOREX TRADING - USDCHF September 29 ,2010 - Morning Report

FOREX TRADING - USDCHF September 29 ,2010 - Morning ReportUSD CHF - usd/chfSwiss Franc (CHF)
FOREX VIDEO
http://forex-ar-en.blogspot.com Morning Report

The pair strongly descended to touch support for the downside channel due to the negativity of momentum indicators, thus causing us to expect a bullish rebound from trading naturally within this descending channel, shown above. However, this

FOREX TRADING - USDJPY September 29 ,2010 - Morning Report

FOREX TRADING - USDJPY September 29 ,2010 - Morning ReportUSDJPY - usd/jpyJapanese Yen (JPY)
FOREX VIDEO
http://forex-ar-en.blogspot.com Morning Report

The pair exited the sideway range mentioned in our previous reports and fluctuate around the retest level, as its resistance for the previously breached bearish channel will currently turn into support at 83.80. Momentum indicators are moving

FOREX TRADING - GBPUSD September 29 ,2010 - Morning Report

FOREX TRADING - GBPUSD September 28 ,2010 - Midday Report GBP USD - gbp/usdGreat British Pound (GBP)
FOREX VIDEO
http://forex-ar-en.blogspot.com Morning Report

Cable retested 1.5725 and strongly rebounded to resume the bullish trend that has organized within the ascending channel shown in the four hour chart. Stochastic is showing positive signs that support these expectations, where the

FOREX TRADING - EURUSD September 29 ,2010 - Morning Report

FOREX TRADING - EURUSD September 29 ,2010 - Morning ReportEUR USD - eur/usdEuro
FOREX VIDEO
http://forex-ar-en.blogspot.comMorning Report

The pair  inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical

European Confidence; Little or No change

 European Confidence; Little or No change“Little or No change,” small words disguising the terrifying truth to investors, where the European continent is set with a hectic day following an unrevised GDP from the UK. Sluggish demand, tight credit conditions, sovereign debt problems, credit downgrade threats, elevated unemployment, high inflation levels, and many other countless challenges

Ireland Anglo Irish Bank bailout

Ireland Anglo Irish Bank bailoutMonday might witness a new recapitalization plan for Anglo Irish Bank, according to a report in the Financial Times. Irish Central Bank might provide the troubled bank with €5.0 billion, increasing the total amount of the bailout loan to €30.0 billion. Analysts predict that Anglo Irish Bank might need up to €35.0 billion. Earlier this week Moody’s Financial

Chinese HSBC manufacturing PMI increased

  Chinese HSBC manufacturing PMI increased Chinese manufacturing PMI for the month of September rose to reach 52.9, compared with a previous 51.9 in August.  Moreover, the PMI manufacturing reading came above 50 indicates a recovery of the industrial sector in China and vice versa, and the current data indicates the Chin's industrial production sector is witnessing an improvement during

Forex Trading Sive Morten USDJPY Daily September 29 ,2010

Forex Trading Sive Morten USDJPY Daily September 29 ,2010Professional Forex Trading analysis by Sive MortenForex Video YouTube

Forex Video YouTube Daily Outlook September 29, 2010

Forex Video YouTube Daily Outlook September 29, 2010 SOMETHING HAS TO GIVE. Yes. Something will have to give sooner or later: either the yen will start to weaken or the dollar begins to stage a the next major rally. We continue to see record highs for gold prices being set in late Asian trading, $1310.20 at the time of this writing. Gold is going up because it is priced in dollars and the

Forex Trading | Forex Daily Outlook | September 29 , 2010

Forex Trading | Forex Daily Outlook | September 29 , 2010U.S. Crude Oil Inventories, FOMC President Eric Rosengre speeks in New York and KOF Economic Barometer in Switzerland are the major events on our calendar. Here is an outlook on today’s market- moving events. In the U.S. Crude Oil Inventories rose by one million last week after a decrease of 1.5M in the week before. A reduction of 0.4M

New Zealand's trade balance deficit widens on slower export growth

  New Zealand's trade balance deficit widens on slower export growth Today, the New Zealand economy reported today a widening trade balance deficit for the month of August, as the nation's exports declined to the lowest level in nine month, which fell after the milk and butter exports declined and lower prices.  New Zealand trade balance deficit widened to NZ$437 million during August,

Japan tankan index

  Japan tankan indexJapan's economy released its Tankan index of large manufacturing, which rose to reach 8 during the third quarter of the year, compared with a previous reading of 1 in the quarter of April to June, while expectations estimated of 7. Moreover, Japanese Tankan Non-manufacturing index jumped to 2 in the third quarter, compared with a previous -5 in the previous three months,

Korean current account

Korean current accountThe South Korean government issued its current account reading for the month of August, which retreated to $2073.8 million, compared with a previous reading of $5875.8 million during July, revised to $5817.3 million.  Also South Korea's goods balance monthly reading released with actual reading of $3695 million during August, compared with a previous $7382 million,

FOREX VIDEO TRADING | New York Session Review | September 28, 2010

FOREX VIDEO TRADING | New York Session Review | September 28, 2010Pressure on the dollar escalated today following a report showing U.S. consumer confidence at a 7-month low. The EUR/USD currency pair rose more than 100 pips during the two hours preceding the London close
FOREX VIDEOhttp://forex-ar-en.blogspot.com

New Zealand trade balance

  New Zealand trade balance New Zealand trade balance deficit widened to NZ$437 million during August, compared with a previous deficit of NZ$186 million in July, revised to NZ$183 million, while analyst's forecasts referred to NZ$417 million.  Moreover, New Zealand's imports came at NZ$3.59 billion in August, compared with a previous reading of NZ$3.75 billion, which revised to NZ$3.74

USD Index Forex Elliott Wave Analysis - 28th September, 2010 Forex Video YouTube

USD Index Forex Elliott Wave Analysis - 28th September, 2010 Forex Video YouTube Elliott wave analysis of the US dollar index

German CPI rises to 1.3%

German CPI rises to 1.3%German CPI for the year ending September preliminary reading came in line with forecasts at 1.3% from the prior 1.0%, while the monthly reading retreated to -0.1% compared with the preceding of 0.0%, yet higher than anticipations of -0.2%. CPI EU harmonized matched forecasts on the yearly basis at 1.3% from the previous 1.0%, whereas the monthly reading came in at -

S&P CaseShiller

S&P CaseShillerThe U.S economy released this morning its July S&P CaseShiller 20 City monthly basis index where it fell by 0.13%, which is deeper than the expected fall worth 0.1%, by this the index have reversed the prior climb of 0.28%. Also July's S&P CaseShiller Composite 20 climbed on yearly basis by 3.18% which is higher than the expected climb worth 3.1%, by this the index have

U.S consumer confidence - September falls to 48.5

U.S consumer confidence - September falls to 48.5September consumer confidence falls to 48.5WASHINGTON (MarketWatch) - Consumer confidence in the economy remains "quite grim," with a monthly gauge falling to 48.5 in September, hitting the lowest level since February, the Conference Board reported Tuesday. "September's pull-back in confidence was due to less favorable business and labor market

FOREX TRADING - OIL September 28 ,2010 - Midday Report

FOREX TRADING - OIL September 28 ,2010 - Midday Report OilOil ReportFOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report The neckline 76.60 is showing strength against crude’s attempt to ascend as it reversed to the downside, where the 50 MA stands as a constant barrier strongly supporting the present bullish trend. Stochastic is still moving near oversold areas and thus our morning

FOREX TRADING - GOLD September 28 ,2010 - Midday Report

FOREX TRADING - GOLD September 28 ,2010 - Midday Report GoldFOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report From areas around 1285.00 gold rebounded to the upside once again accompanied by a positive reversal on Stochastic. On the other hand, the metal did not close above the 50 MA and accordingly we keep our morning expectations unchanged which requires a breach for 1294.00 areas

FOREX TRADING - SILVER September 28 ,2010 - Midday Report

FOREX TRADING - SILVER September 28 ,2010 - Midday Report SilverFOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report   Silver rebounded to the upside exactly from the main support for the upside wave provided as mentioned this morning and provided on the chart above, where the reversal was accompanied by positivity on Stochastic. The move confirms the suggested Elliot numbering and

FOREX TRADING - GBPJPY September 28 ,2010 - Midday Report

FOREX TRADING - GBPJPY September 28 ,2010 - Midday Report GBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report   Form areas around the support at 132.80 the pair managed to gain positive momentum to rush to the upside stabilizing above the 20 & 50 MA confirming the suggested harmonic formation. Accordingly we hold onto our

FOREX TRADING - EURJPY September 28 ,2010 - Midday Report

FOREX TRADING - EURJPY September 28 ,2010 - Midday Report EUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report Click on the chart to see full size   The pair declined yet still trading steadily around 113.15; the harmonic bullish formation is still valid yet requires confirmation with the breach of 113.60 which we will continue to monitor to

FOREX TRADING - EURGBP September 28 ,2010 - Midday Report

FOREX TRADING - EURGBP September 28 ,2010 - Midday Report EUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report   The pair declined yet was incapable of stabilizing below the first target of the harmonic pattern at 38.2% correction as seen on the secondary image over hourly basis. Therefore, our morning expectations remain intact

FOREX TRADING - USDCAD September 28 ,2010 - Midday Report

FOREX TRADING - USDCAD September 28 ,2010 - Midday Report USD CAD - usd/cadCanadian Dollar (CAD)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report

The pair strongly rushed upwards where it was not able to stabilize above 1.0345 reversing to the downside, supported by the negative momentum over four-hour basis. Our morning expectations remain intact as long as the four hour closing is

FOREX TRADING - USDCHF September 28 ,2010 - Midday Report

FOREX TRADING - USDCHF September 28 ,2010 - Midday Report USD CHF - usd/chfSwiss Franc (CHF)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report

The pair retested the areas mentioned this morning at 0.9815 and stabilized above it, in result the suggested scenario is activated although it might find difficulty in the expected bullishness due to the negativity on momentum indicators. Thus,

FOREX TRADING - USDJPY September 28 ,2010 - Midday Report

FOREX TRADING - USDJPY September 28 ,2010 - Midday Report USDJPY - usd/jpyJapanese Yen (JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report

The pair remains steady since last Friday within the sideways range shown above. Our morning expectations will prevail if we do not witness a clear breach for 83.85 areas.
The trading range for today is among the key support at 83.00 and the key

FOREX TRADING - GBPUSD September 28 ,2010 - Midday Report

FOREX TRADING - GBPUSD September 28 ,2010 - Midday Report GBP USD - gbp/usdGreat British Pound (GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.com Midday Report

The pair built a base on 1.5775 to rush upwards to breach the pivotal resistance at 1.5860, thus making us expect more bullish intraday movement affected by trading within the ascending channel shown above; upcoming targets are at 1.5935

FOREX TRADING - EURUSD September 28 ,2010 - Midday Report

FOREX TRADING - EURUSD September 28 ,2010 - Midday Report EUR USD - eur/usdEuroFOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report

The pair is fluctuating sharply since this morning and currently heading towards the sideways range resistance at 1.3500, accompanied by positive signs on Stochastic. We hold onto our morning expectations, unless the pair consolidates below 1.3420.
The

UK Sep Retail Vols Surge To Highest In Over 6 Years

CBI: UK Sep Retail Vols Surge To Highest In Over 6 YearsLONDON (MNI) - UK retail sales volumes surged to their highest level in over 6 years, according to the Confederation of British Industry's September survey. Retail sales balances in the latest CBI survey all hit multi-year highs, with sales boosted by the bank holiday and end-of-summer discounts, the CBI said. The reported

UK grows 1.2% in the second quarter, recovery loses progress pace

UK grows 1.2% in the second quarter, recovery loses progress paceUK released its GDP final reading for the second quarter today coming in line with both median estimates and the preliminary reading at 1.2%, the fastest pace of growth on the quarter in nine years, while annual expansion reached 1.7%. The British economy managed to expand for the second consecutive quarter boosted the

UK Total Business Investments

UK Total Business InvestmentsTotal Business Investment in UK rose during the second quarter of this year by 0.7 percent, compared with the previous and the expected drop of 1.6%; on a yearly basis investments remained unchanged at 1.9 percent
FOREX VIDEOhttp://forex-ar-en.blogspot.com

UK Current Account

UK Current AccountUK’s economy released its current account figures for the second quarter of this year, where the deficit narrowed to £7.4 billion compared with the previously revised £11.3 billion deficit, and better than the expected £8.2 billion shortfallFOREX VIDEOhttp://forex-ar-en.blogspot.com

United Kingdom GDP unchanged

United Kingdom GDP unchangedThe British economy released its final growth estimate for the second quarter of this year. The ONS confirmed UK's growth in the three months running through June at 1.2% percent and 1.7 percent on the yearFOREX VIDEOhttp://forex-ar-en.blogspot.com

ECB chairman: no plans to raise interest rates

ECB chairman: no plans to raise interest ratesWith the current economic conjuncture, ECB chairman, Juan-Claude Trichet, stated yesterday on Monday during a press conference that inflation and growth throughout the European continent will remain moderate during the course of this year; accordingly, the bank will not raise rates at the meantime. The governing council see rates “Appropriate”

Germany GFK Consumer Confidence

Germany GFK Consumer ConfidenceGerman GFK Consumer Confidence in October rose to 4.9 higher than the previous 4.1 which was revised to the upside to 4.3, and as well beating the expected 4.2.FOREX VIDEOhttp://forex-ar-en.blogspot.com 

Technical &; suport and resistence GBPJPY September 28 - Morning Report

Technical &; suport and resistence GBPJPY September 28 - Morning ReportGBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report   A harmonic formation is seen over daily basis supporting the upside movement over the coming period and over intraday basis today. Stability above the MA and the positive crossover on Stochastic all

Technical &8 suport and resistence EURJPY September 28 - Morning Report

Technical &8 suport and resistence EURJPY September 28 - Morning ReportEUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPYFOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report We were incapable of finding a harmonic formation supportive of our expectations yesterday which we recommend reviewing. We see an AB=CD pattern over daily basis which ideally respected Fibonacci ratios as shown above.

Technical & suport and resistence EURGBP September 28 - Morning Report

Technical & suport and resistence EURGBP September 28 - Morning ReportEUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report The pair stabilized above 38.2% correction of the CD leg from the suggested harmonic formation and accordingly we preserve our bullish expectations and possibility for further upside movement. As seen on the

Technical & suport and resistence USDCAD September 28 - Morning Report

Technical & suport and resistence USDCAD September 28 - Morning ReportUSD CAD - usd/cadCanadian Dollar (CAD)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Morning Report

The pair is currently fluctuating around the awaited resistance at 1.0295 –the 50 MA– accompanied by clear overbought signs on Stochastic. We expect a bearish wave over an intraday basis, where its targets start by attacking the

Technical & suport and resistence USDCHF September 28 - Morning Report

Technical & suport and resistence USDCHF September 28 - Morning ReportUSD CHF - usd/chfSwiss Franc (CHF)FOREX VIDEOhttp://forex-ar-en.blogspot.com
Morning Report

The sideway trading has caused the pair to breach the resistance for the falling wedge shown yesterday, thus activating the bullish scenario. We expect the pair to retest the resistance that has currently turned into support which

Technical & suport and resistence USDJPY September 28 - Morning Report

Technical & suport and resistence USDJPY September 28 - Morning ReportUSDJPY - usd/jpyJapanese Yen (JPY)FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report

The pair is still trading within a narrow range between 50% and 61.8% Fibonacci correction, thus the previously suggested scenario will prevail. From here, we expect a bullish intraday direction as long as trading is stable above the

Technical & suport and resistence GBPUSD September 28 - Morning Report

Technical & suport and resistence GBPUSD September 28 - Morning ReportGBP USD - gbp/usdGreat British Pound (GBP)FOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report

Sterling was caught around 1.5800 while Stochastic continued to trade lower; thus, we await for the previously breached neckline to be retested at 1.5725 before activating the expected bullish move for today. Note that the

Technical & suport and resistence EURUSD September 28 - Morning Report

Technical & suport and resistence EURUSD September 28 - Morning ReportEUR USD - eur/usdEuroFOREX VIDEOhttp://forex-ar-en.blogspot.comMorning Report

The pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the initial target for

FOREX VIDEO Trading | New York Session Review | September 27, 2010

FOREX VIDEO Trading | New York Session Review | September 27, 2010 The move which defined today's New York session was arguably the euro's 50-ish pip drop from 1.35. The EUR/USD currency pair finished the European trading day virtually unchangedFOREX VIDEOhttp://forex-ar-en.blogspot.com

Forex Video Technical Update September 27

Forex Video Technical Update  September 27Today, the EUR/JPY and AUD/JPY continues higher towards important resistance areas. The EUR/USD is consolidating and there may be a correction decline. If there is, look for a positive reversal to develop, as the market is poised to test the 135.50 area, and possibly head towards 1.39. Looking at gold, we may have a bit of dollar strength coming up,

Mixed sentiment with the start of a new hectic week

  Mixed sentiment with the start of a new hectic weekThe sentiment today remains the dominant factor in the market with the lack of data queued for release. Nonetheless, this week we have heavy data to be released with growth estimates from UK and the US alongside other industry reports that might help shape the outlook for the global economy. Investors are still worried about the outlook

Technical & suport and resistence OILSeptember 27 - Midday Report

Technical & suport and resistence OILSeptember 27 - Midday ReportOilOil Report
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

Crude continues fluctuating around the pivotal resistance around 76.60 in spite of overbought signs on momentum indicators. Mixed fluctuation is witnessed today and therefore we need to confirmations with daily closing around 76.60 – 76.85, where stabilizing

Technical & suport and resistence GOLD September 27 - Midday Report

Technical & suport and resistence GOLD September 27 - Midday ReportGold
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

 
Gold didn't show any big movement since the opening of the week but it is clear that it succeeded in consolidating above the solid support of 1294.00. Therefore, we hold onto our positive speculations, based on the rising wedge pattern over weekly basis,

Technical & suport and resistence SILVER September 27 - Midday Report

Technical & suport and resistence SILVER September 27 - Midday ReportSilver
FOREX VIDEOhttp://forex-ar-en.blogspot.com
Midday Report

 
Silver started to show the possibility of achieving a slight correction as Stochastic is in a real need for some kind of relief before resuming the possible upside rally of the IM wave of our suggested Elliott count. The potential support resides around

Technical & suport and resistence GBPJPY September 27 - Midday Report

Technical & suport and resistence GBPJPY September 27 - Midday ReportGBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)
FOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report

 
The pair retraced mildly towards the support levels around 132.80, where it started to incline once more. It is still trapped within a very tight range and therefore, we believe that the correction

Technical & suport and resistence EURJPY September 27 - Midday Report

Technical & suport and resistence EURJPY September 27 - Midday ReportEUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)
Midday Report

 
We are still waiting for the breakout above 113.60 zones to make sure that the harmonic structure has turned from a Bat pattern to a Crab pattern. Thus, we keep our technical speculation discussed in the weekly report unchanged for the rest of the day. On

Technical & suport and resistence EURGBP September 27 - Midday Report

Technical & suport and resistence EURGBP September 27 - Midday ReportEUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

 
The royal pair touched the awaited support levels around 0.8490, where we believe that the positive effect of the weekly duplicated harmonic pattern will start as the pair consolidated above 38.2%

Technical & suport and resistence USDCAD September 27 - Midday Report

Technical & suport and resistence USDCAD September 27 - Midday ReportUSD CAD - usd/cadCanadian Dollar (CAD)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

The pair continues fluctuating around the pivotal support at 1.0245, although it is finding a hard time starting a bearish wave due to the positivity appearing through momentum indicators. We await a minor upside movement to

Technical & suport and resistence USDCHF September 27 - Midday Report

Technical & suport and resistence USDCHF September 27 - Midday ReportUSD CHF - usd/chfSwiss Franc (CHF)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

The pair is fluctuating around the resistance for the mentioned falling wedge in our morning report, where it is attempting to activate the suggested scenario. Therefore, the expected trend for today is bullish, as long as there is

Technical & suport and resistence USDJPY September 27 - Midday Report

Technical & suport and resistence USDJPY September 27 - Midday ReportUSDJPY - usd/jpyJapanese Yen (JPY)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

The pair is trading within a narrow range since this morning as it gradually approaches the awaited support level at 84.00, accompanied by Stochastic within oversold regions. Thus, we expect a bullish intraday direction that

Technical & suport and resistence GBPUSD September 27 - Midday Report

Technical & suport and resistence GBPUSD September 27 - Midday ReportGBP USD - gbp/usdGreat British Pound (GBP)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Midday Report

Sterling is trading within a narrow sideways range since this morning, with ongoing overbought signs on momentum indicators. This makes us expect a retest for the previously breached resistance level at 1.5725, before

Technical & suport and resistence EURUSD September 27 - Midday Report

Technical & suport and resistence EURUSD September 27 - Midday ReportEUR USD - eur/usd
Euro
FOREX VIDEOhttp://forex-ar-en.blogspot.comMidday Report

The pair is trading within the ascending channel that controls the current bullish wave, noticing the downside bias for the pair as it is expected to reach this channel’s support level which resides with the retest level mentioned this morning

Fundamental Oil Crude trades above $76 boosted by the rally in stock markets

Fundamental Oil  Crude trades above $76 boosted by the rally in stock marketsCrude traded today above $76 per barrel as stock markets rise, while investors’ eye US consumer confidence and second quarter GDP figures for the US and UK this Tuesday, where they are expected to change the sentiment for equities. Crude today hovers around $77 per barrel recording its highest around $76.82 and

Gold extend its rise as the dollar drops further

Gold extend its rise as the dollar drops further  Gold have been attracting investors from around the world to invest in the shiny metal as uncertainty dominates financial markets and constantly push investors to safety in order to preserve their wealth. Gold continued its rise so far in the first day of the week, hovering near historic highs of 1,300.00 as gold for immediate delivery

Majors retreat against the dollar in a correction movement

Majors retreat against the dollar in a correction movementWith the beginning of this week, the European currency fell against the dollar on believes the European banks will need more funds, lowering demand for the euro. Meanwhile, majors are trading in overbought areas, which stopped their gains due to the need of a correctional movement to the downside. The euro rose against the dollar

Worries Persist in Europe Amid Debt and Recovery Concerns

Worries Persist in Europe Amid Debt and Recovery ConcernsTranquility prevails in markets today in the absence of important fundamentals from major economies which returns the market back to anxiety with regard recovery and growth prospects. Meanwhile, global economies are passing through crucial phase in their recovery journey as policy makers have to both promote growth and reduce debt

FOREX TRADING - OIL Weekly Report September 27 - October 1 / 2010

FOREX TRADING - OIL Weekly Report September 27 - October 1 / 2010OilOil Report
FOREX VIDEO
http://forex-ar-en.blogspot.com
Weekly Report September 27 - October 1 / 2010

Crude is expected to move upwards towards pivotal resistance at 76.60 pointed out earlier, where it represents the neckline for the suggested bullish technical pattern that is currently forming. This pattern will assist

FOREX TRADING - GOLD Weekly Report September 27 - October 1 / 2010

FOREX TRADING - GOLD Weekly Report September 27 - October 1 / 2010Gold
FOREX VIDEOhttp://forex-ar-en.blogspot.com
Weekly Report 27/09 – 01/ 10/ 2010

Today, gold will be looked at in a classical point of view using the weekly chart to be our time frame. We see a rising wedge-started at 1035.00- is still in progress, while its resistance line meets 161.8% Fibonacci projection for the last

FOREX TRADING - SILVER Weekly Report September 27 - October 1 / 2010

FOREX TRADING - SILVER Weekly Report September 27 - October 1 / 2010Silver
FOREX VIDEOhttp://forex-ar-en.blogspot.com
Weekly Report 27/09 – 01/ 10/ 2010
 
The impulsive upside rally started at 17.30 continued as seen on the provided four hour chart. Actually, we believe that the fifth wave is still in progress and it might touch 21.90 zones as first target; SMA 50-colored in red- acts as

FOREX TRADING - GBPJPY Weekly Report September 27 - October 1 / 2010

FOREX TRADING - GBPJPY Weekly Report September 27 - October 1 / 2010GBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Weekly Report 27/09 – 01/ 10/ 2010

 
The pair succeeded in closing positively once more above SMA 50, suggesting that the correction for the upside rally from 127.60 to 135.00 might have been ended around 38.2%

FOREX TRADING - EURJPY Weekly Report September 27 - October 1 / 2010

FOREX TRADING - EURJPY Weekly Report September 27 - October 1 / 2010EUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)
FOREX VIDEOhttp://forex-ar-en.blogspot.comWeekly Report 27/09 – 01/ 10/ 2010

 
The pair is presently attacking 88.6% Fibonacci level for the XA leg of our suggested harmonic formation. This harmonic structure will turn from a "Bat" pattern to a Crab pattern, once this

FOREX TRADING - EURGBP Weekly Report September 27 - October 1 / 2010

FOREX TRADING - EURGBP Weekly Report September 27 - October 1 / 2010EUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Weekly Report 27/09 – 01/ 10/ 2010

 
The royal pair is still moving around the key levels around 0.8225 as seen on the provided weekly chart. The bullish harmonic picture of the duplicated butterfly and AB=CD remains

FOREX TRADING - USDCAD Weekly Report September 27 - October 1 / 2010

FOREX TRADING - USDCAD Weekly Report September 27 - October 1 / 2010USD CAD - usd/cadCanadian Dollar (CAD)
FOREX VIDEO
http://forex-ar-en.blogspot.com
Weekly Report September 27 - October 1 / 2010

The pair is still trading in a sideway manner while it fluctuates around pivotal support 1.0245. Momentum indicators are showing oversold signs that might cause some bullish slant that will not

FOREX TRADING - USDCHF Weekly Report September 27 - October 1 / 2010

FOREX TRADING - USDCHF Weekly Report September 27 - October 1 / 2010USD CHF - usd/chf
Swiss Franc CHF
FOREX VIDEOhttp://forex-ar-en.blogspot.com Weekly Report September 27 - October 1 / 2010

The pair touched support for the descending channel that controls the pair’s trading pattern since the middle of last month August, while a falling wedge pattern is appearing and is expected to head

FOREX TRADING - USDJPY Weekly Report September 27 - October 1 / 2010

FOREX TRADING - USDJPY Weekly Report September 27 - October 1 / 2010USDJPY - usd/jpy
FOREX VIDEO
http://forex-ar-en.blogspot.com
Japanese Yen (JPY)
Weekly Report September 27 - October 1 / 2010

The pair is trading near resistance for the previously breached downside channel that has currently turned into support at 84.00, accompanied by stochastic entering oversold areas. Thereby, a bullish

FOREX TRADING - GBPUSD Weekly Report September 27 - October 1 / 2010

FOREX TRADING - GBPUSD Weekly Report September 27 - October 1 / 2010GBP USD - gbp/usd
FOREX VIDEOhttp://forex-ar-en.blogspot.com
Great British Pound (GBP) Weekly Report September 27 - October 1 / 2010

Cable closed last week above neckline 1.5725, thus insuring that the bullish short term wave’s continuation; however, 61.8% Fibonacci correction stands as a vital barrier that will impede the

FOREX TRADING - EURUSD Weekly Report September 27 - October 1 / 2010

FOREX TRADING - EURUSD Weekly Report September 27 - October 1 / 2010EUR USD - eur/usd
FOREX VIDEOhttp://forex-ar-en.blogspot.com
Euro
Weekly Report September 27 - October 1 / 2010

The pair continued its bullish movement breaching the neckline for the bullish technical pattern at 1.3330, where this breach encourages us to expect a bullish trend in overall trading for this week. SMA 50

Forex Trading - EUR/USD weekly outlook: - September 27- October 1

Forex Trading - EUR/USD weekly outlook: - September 27- October 1EUR USD - EURUSD - EUROThe week ending September 24 saw the euro surge to its highest level against the U.S. dollar in five months after soft U.S. data fuelled concerns that the U.S. economic recovery is faltering.

EUR/USD hit 1.3490 at the close of trade on Friday; the pair's highest since April 20, having jumped 3.19% over the

Forex Trading - GBP/USD weekly outlook: - September 27- October 1

Forex Trading - GBP/USD weekly outlook: - September 27- October 1GBP USD - GBP USD Last week saw the pound rally against the U.S. dollar, closing the week at a 6-week high as concerns over the Bank of England's economic outlook were overshadowed by Friday's soft U.S. economic data.

GBP/USD hit 1.5842 on Friday, the pair's highest since August 11; the pair subsequently consolidated at 1.5817

Forex Trading - NZD/USD weekly outlook: - September 27- October 1

Forex Trading - NZD/USD weekly outlook: - September 27- October 1NZD USD - NZDUSDLast week saw New Zealand's dollar close higher against its U.S. counterpart on Friday as concerns that the U.S. economic recovery is faltering overshadowed worse-than-expected New Zealand GDP data.

NZD/USD hit 0.7317 on Thursday, a 2-day low; the pair subsequently consolidated at 0.7339 by close of trade on

Forex Trading - AUD/USD weekly outlook: - September 27- October 1

Forex Trading - AUD/USD weekly outlook: - September 27- October 1AUD USD - AUDUSD Last week saw the Australian dollar surge to a 2-year high against its U.S. counterpart amid concerns over faltering U.S. growth and amid speculation of further Australian interest rate hikes this year.

AUD/USD hit 0.9614 on Friday, the pair's highest since July 24, 2008; the pair subsequently consolidated at

Learn Forex Trading Online 87pip Gain Forex Tradng Video YouTube

Learn Forex Trading Online 87pip Gain Forex Tradng Video YouTubeThis year 90% of all new traders will fail!
Find out why this happens and what you can do to guarantee your success before you spend any money on a forex trading eduction or forex trading systemFOREX VIDEOhttp://forex-ar-en.blogspot.com

FOREX VIDEO TRADING - ASIAN OUTLOOK September 27, 2010

FOREX VIDEO TRADING - ASIAN OUTLOOK September 27, 2010 FOREX VIDEO ASIAN OUTLOOK FOREX VIDEO TRADINGHi Everyone
While the USD/JPY is playing fake out games with us, I would like to focus attention to the USD pairs. Continued USD weakness is firmly in control, therefore looking to continue the trend until the Daily chart says otherwise.
Easy pips are looking to continue this trend. It will be

Forex Trading Outlook 27 September 2010 Video part 2

Forex Trading Outlook 27 September 2010 Video part 2FOREX VIDEOhttp://forex-ar-en.blogspot.com

Forex Trading Outlook 27 September 2010 Video part 1

Forex Trading Outlook 27 September 2010 Video part 1   FOREX VIDEOhttp://forex-ar-en.blogspot.com

27 September 2010 Forex Eurodollar Review Delfin-S

27 September 2010 Forex Eurodollar Review Delfin-S Обзор пары евро/доллар на рынке форекс от 27.09.2010 Delfin-S Eurodollar Review Forex Technical Analysis 27 September 2010 
FOREX VIDEOhttp://forex-ar-en.blogspot.com

Weekly Technical Analysis - YouTube Forex Video September 27- October 1

Weekly Technical Analysis - YouTube Forex Video September 27- October 1Weekly Technical analysis of Currency / Forex market using Ichimoku 9-26-10 Ichimoku Weekly Technical analysis for the Currency / Forex market. We analyze various currencies i.e. EURUSD, GBPUSD, USDJPY, USDCHF etc. to determine what the sentiment for the market is as well as checking to see if a trend is occurrin
FOREX

UK opposition leader backs "cautious" deficit cuts

UK opposition leader backs "cautious" deficit cuts LONDON, Sept 26 (Reuters) - Britain's new opposition leader Ed Miliband said on Sunday he supported "cautious" cuts in the budget deficit, saying government plans for spending cuts were economically dangerous and could inflict huge damage on society. Miliband, who beat his older brother David by a wafer-thin margin in an election to lead the

Forex Trading - USD/JPY weekly outlook: - September 27- October 1

Forex Trading - USD/JPY weekly outlook: - September 27- October 1 Last week saw the U.S. dollar move lower against the yen but a sudden and short-lived tumble by the yen on Friday sparked speculation of fresh intervention by Japanese authorities.

USD/JPY hit 85.38 on Friday, a 3-day high; the pair subsequently consolidated at 84.20 by close of trade on Friday, having shed 1.51% over the week

Forex Trading - USD/CAD weekly outlook - September 27- October 1

Forex Trading - USD/CAD weekly outlook - September 27- October 1Last week saw the Canadian dollar rally against its U.S. counterpart, closing trade at a 3-day high, as concerns that the U.S. economic recovery is faltering weighed on the U.S. dollar.

USD/CAD hit 1.0190 on Wednesday; the pair's lowest since August 6; the pair subsequently consolidated at 1.0239 by close of trade on Friday,

Forex Trading - USD/CHF weekly outlook - September 27- October 1

Forex Trading - USD/CHF weekly outlook - September 27- October 1Last week saw the Swiss franc advance to its highest level in two and a half years against the U.S. dollar, closing trade on Friday at parity amid concerns that the rate of U.S. economic growth is moderating.

USD/CHF hit 0.9778 on Friday, the pair's lowest since March 17, 2008; the pair subsequently consolidated at 0.9833 by

Forex Trading - Weekly outlook - September 27- October 1

Forex Trading - Weekly outlook - September 27- October 1Last week saw the euro close trading at a 5-month high against the broadly weaker U.S. dollar after soft U.S. data fuelled speculation that the Federal Reserve could introduce stimulus measures to boost the slowing U.S. economy.

Data released on Friday showed that U.S. durable goods orders declined in line with expectations in August,

Free Forex Analysis - for Week Commencing 26 th September 2010

Free Forex Analysis - for Week Commencing 26 th September 2010eur/usd - gbp/usd - usd/jpy - usd/chf - usd/cad

FOREX TRADING - Sive Morten - EURUSD Daily September 27 ,2010

FOREX TRADING - Sive Morten - EURUSD Daily September 27 ,2010EURUSD - EUR/USD - EUR USD - EURO  Video YouTbe - Sive Morten

FOREX VIDEOhttp://forex-ar-en.blogspot.com

Heavy data awaits the Asian Pacific this week

Heavy data awaits the Asian Pacific this weekThe Asian region is approaching a week full of important economic data on the contrary to the week that passed; however this week doesn’t include central bank decisions. The market is currently focusing on the performance of economies such as the U.S. and the Japanese economy and the effect of outlook expectations on financial markets.The most

Europe Ahead: Investors steer a rocking ship as major data queued

Europe Ahead: Investors steer a rocking ship as major data queued Anticipation for this week’s data couldn’t come any sooner, as investors prepare themselves for major data that would impact financial markets severely. Data such as growth estimates from UK, and the US, along with other major sectors that will release its data from the Euro-Zone.Keeping the focus on Europe, even though the

Bernanke sees financial crisis slowing down the recovery

Bernanke sees financial crisis slowing down the recoveryThe Federal Reserve Chairman; Ben S. Bernanke, proclaimed publicly that a major factor behind the superpower's slowed down recovery is not only the ongoing deterioration of the labor market but the present unhealed financial crisis, still he said that "By buying mortgage-backed securities and Treasuries we did, I think, additionally

Busy Week Ahead for U.S. Markets amid Important Fundamentals

Busy Week Ahead for U.S. Markets amid Important FundamentalsInvestors should prepare themselves for a busy week, where important economic fundamentals will be released from the world’s largest economy, where investors will be focused on growth, income, spending, inflation, and manufacturing data, that will help shed more light over the progress of the economic recovery.The start though will

Asia surfs into a calm holiday week but financial markets continue bubbling

Asia surfs into a calm holiday week but financial markets continue bubbling This week witnessed a layback performance for Asian economies along with the lack of important fundamentals from major economies in the pacific on holidays across markets. Yet Asian financial markets attracted the attention once again after Japan intervened again.The Reserve Bank of Australia released the September

Video Analise Tecnica Bovespa - 27 Setembro a 01 Outubro 2010

Video Analise Tecnica Bovespa - 27 Setembro a 01 Outubro 2010 Video analise da Bovespa para a semana de 27 Setembro a 01 Outubro de 2010
Declaração: Todas as estratégias mencionadas aqui são puramente educacionais. Elas não constituem uma solicitação ou recomendação real/efetiva de compra ou venda de ativos. Os mercados de ações e forex possuem riscos de perdas substanciais, e não se adequam

Technical OIL September 24 - Midday Report

FOREX TRADING - OIL September 24 ,2010 - Midday Report OilOil ReportMidday Report Crude ascended to touch the support for the upside trend that has been previously breached, thus the possibility of returning to the downside throughout trading today is high. Keep in mind that the bearish direction requires trading to stabilize below 75.00, where breaching 76.75 will fail the bearish movement

Technical SILVER September 24 - Midday Report

FOREX TRADING - SILVER September 24 ,2010 - Midday Report SilverSilverMidday Report
 
Just a few cents from the detected support zones around 21.00, where the metal soared to the upside and it finally succeeded in breaching the key resistance levels around 21.25 -turned into support-. Thus, the IM of the suggested Elliott count  is in favor and more bullishness could be seen for the rest

GOLD September 24 - Midday ReportTechnical

FOREX TRADING - GOLD September 24 ,2010 - Midday Report GoldGoldMidday Report
 
Finally, gold succeeded in breaching 127.2% of BC leg, while the four hour candlestick closed comfortably above it as seen on the provided four hour chart. Thereby, we keep our outlook unchanged for the rest of the day. Now, the psychological level of 1300.00 is under attack and SMA 50 acts as a solid floor

Technical GBPJPY September 24 ,2010 - Midday Report

FOREX TRADING - GBPJPY September 24 ,2010 - Midday Report GBPJPY - gbp/jpyGreat British Pound vs. Japanese Yen (GBP / JPY)
Midday Report
 
The pair showed some kind of correction for the aggressive upside movements this morning but it is still carried above 38.2% for the upside rally from 127.60 to 135.00. Thereby, we hold onto our morning predictions for the rest of the day. The uptrend

EURJPY September 24 - Midday ReportTechnical

FOREX TRADING - EURJPY September 24 ,2010 - Midday Report EUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)Midday Report
 
The pair is still attempting to achieve a positive closing above 88.6% of XA leg for our suggested harmonic formation to change the Bat pattern to a Crab pattern. Thus, we are still in a need for this breakout to define the upcoming move. For more details about the

Technical EURGBP September 24- Midday Report

FOREX TRADING - EURGBP September 24 ,2010 - Midday Report EUR GBP - eur/gbpEuro vs. Great British Pound (EUR / GBP)Midday Report
 
The royal pair succeeded to stabilize once more above the detected pivotal resistance -current support- of 0.8525. Thus, the bigger picture of the duplicated harmonic pattern is still pushing it upwards towards the detected technical objective, which is

Technical USDCAD September 24 - Midday Report

FOREX TRADING - USDCAD September 24 ,2010 - Midday Report USD CAD - usd/cadCanadian Dollar (CAD) Midday Report

The pair touched 1.0300 and rebounded to insure the solid base on this level, where the morning scenario remains intact since trading stabilized above 1.0300 over  intraday and above 1.0200, where the pair is still affected by the positivity of the MACD; alongside the positivity of

Technical USDCHF September 24 - Midday Report

FOREX TRADING - USDCHF September 24 ,2010 - Midday Report USD CHF - usd/chfSwiss Franc (CHF)Midday Report

Stochastic is showing a negative crossover, although RSI is trading around 30.00 points. Meanwhile, the required bullish correction was not seen and trading is around the key support for the bearish trend. We hold onto morning expectations where we require a bullish correction until the

Technical USDJPY September 24 ,2010 - Midday Report

FOREX TRADING - USDJPY September 24 ,2010 - Midday Report USDJPY - usd/jpyJapanese Yen (JPY) Midday Report

The pair touched the support at 84.30 and currently descended but overall still above 84.00 – 83.85 and we hold onto our morning expectations. Stochastic might provided a positive crossover in the upcoming period as it enters overbought areas.
The trading range for today is among the key

U.S New Home Sales September 23

U.S New Home SalesU.S New Home Sales September 23The U.S economy released this morning its New Home Sales figures during the month of August where it remained unchanged from the prior revised reading of July worth 288 thousand. The figure disappoints investors as markets expected a 6.9% climb to reach 295 thousand reversing the prior slump of 7.7%FOREX VIDEOhttp://forex-ar-en.blogspot.com

Technical GBPUSD September 24 - Midday Report

FOREX TRADING - GBPUSD September 24 ,2010 - Midday Report GBP USD - gbp/usdGreat British Pound (GBP) Midday Report

By gaining bullish momentum from 1.5655 without requiring the touch of 1.5605, the pair rushed to the upside. Keep in mind that the third wave within the scenario is usually volatile and settles for slight corrections in most cases, where an attempt to stabilize above 1.5725

Technical EURUSD September 24 - Midday Report

FOREX TRADING - EURUSD September 24 ,2010 - Midday Report EUR USD - eur/usdEuro Midday Report

The pair moved to the upside according to our morning report, where all we need is four-hour closing above 1.3410 to insure that the bullish trend prevails. Over hourly basis the bullish channel is organizing the pair's trading pushing it within the bullish wave that originally is of the CD leg

Durable Goods disappoint investors and confirm manufacturing setback

Durable Goods disappoint investors and confirm manufacturing setbackThe U.S economy continue to send mixed results regarding August as on one hand we see remarkable performance in the Housing sector, yet on the other hand an unexpected drop in Durable Goods Orders during the same month. As the U.S Department of Commerce released its Durable Goods Orders index for the month of August where

U.S Durable Goods Orders

U.S Durable Goods OrdersThis morning the U.S economy released its Durable Goods Orders index for the month of August where it fell by 1.3% which is even deeper than the expected fall of 1%, the index reversed the prior revised climb of 0.7%. Durable Goods Orders Excluding Transportation climbed by 2% which is double the expected climb of 1%, as it reversed the prior revised fall of 2.8%FOREX

U.S. Futures Rally, Treasuries, Dollar Drop on Durable Goods

U.S. Futures Rally, Treasuries, Dollar Drop on Durable Goods
U.S. stock-index futures rallied, Treasuries turned lower and the Dollar Index slumped to an almost eight-month low as demand for American capital equipment rebounded and German business confidence improved. Futures on the Standard & Poor’s 500 Index expiring in December climbed 1.2 percent to 1,133.5 at 8:53 a.m. in New York,

YouTube Forex Trading - AUD/USD September 24

YouTube  Forex Trading - AUD/USD September 24 There seems to be no slowing down the Aussie as it continues to put pressure on the dollar. There have been no signs of weakness in the short term trend which currently has the pair trading into the .9626 area. TO do so we would need to break a possible double top sell point. There is no reason to think this market is due for a pullback. To

A grand ending for a busy U.S week?

A grand ending for a busy U.S week?
This Friday will conclude a very insightful U.S week, and yet investors still wait for further releases, as this morning the U.S economy is due to release figures concerning New Home Sales of August along with Durable Goods orders for the same month. It is safe now to say that almost all data concerning August are revealed and it seams a lot better than

German confidence and French growth ease and debt jitters ahead of Spanish budget

German confidence and French growth ease and debt jitters ahead of Spanish budgetAnother hectic day in financial markets in spite of the near end to another clue added to the uncertain outlook. The sentiment in the market was negatively biased fueled by yesterday’s jitters over the outlook for recovery and downbeat US data, yet today’s early data from Europe helped the market unwind some of

France Economy expands during the second quarter

France Economy expands during the second quarter
The French economy expanded during the second three months of this year by 0.7 percent, compared with the previous 0.6 percent expansion that was reported during the first quarter of this year, data from the Nation’s Statistics Office showed Frida
FOREX VIDEOhttp://forex-ar-en.blogspot.com

German September IFO Index

German September IFO IndexGerman IFO business climate for the month of August rose to 106.8 from 106.7, higher than projections of 106.4. IFO Current Assessment rose to 109.7 from 108.2 and median estimates of 108.7, while IFO expectations ticked down to 103.9 from the prior 105.2, and worse than forecasts of 104.0
FOREX VIDEOhttp://forex-ar-en.blogspot.com

Focus on Spain’s budget today as investors grow wary over their fiscal health

  Focus on Spain’s budget today as investors grow wary over their fiscal healthIndebted nations are continuously under the spotlight recently, especially with the outbreak of the debt crisis, and Spain is one of the biggest indebted nations in the euro area and investors are worried that the fragile state of the economy and the unstructured financial sector will defect the government’s

German Import Price Index climbs

German Import Price Index climbsGermany’s Import Price Index for August on the month rose 0.2% from the previous reading of -0.2%, but lower than the forecasted 0.3%. On the year, the index dropped to 8.6% from the prior 9.9% and estimated 8.7%.FOREX VIDEOhttp://forex-ar-en.blogspot.com

Europe's economic conditions, sluggish indeed

Europe's economic conditions, sluggish indeedThe final day of this economic week will witness the release of IFO survey release from Germany gauging the sentiment regarding current economic conditions; something the average investor knows is diminishing by each passing second.Jitters continue to hover in the sky of the European continent, why should Germany be an exception. The IFO Business

Japan's economy under threat on political disputes with China

Japan's economy under threat on political disputes with China 
Today, according to statements by Japan's economy Minister Banri Kaieda, the Japanese economy may be affected in the coming period, as a result of the political disputes between Japan and China, which signal concerns for the status of the nation's biggest export market.
Mr. Kaieda told reporters today that "given that our growth

Forex Currencies - Fundamental Major Currencies September 24

Forex Currencies - Fundamental Major Currencies September 24Fundamental Major Currencies
IFO Survey (Germany) 
The IFO Business Climate survey measures the levels of confidence in the business sector, where it is a monthly survey given business firms asking them to evaluate the current condition in the economy. This reading is released on the last week in each month by the CESIFO Group; it’s

DAILY FOREX TRADING - OIL September 24 - Morning Report

FOREX TRADING - OIL September 24 ,2010 - Morning Report OilOil ReportMorning ReportCrude is trading sideways outside the bullish range, where the four-hour Stochastic is showing a bearish reversal that works to the advantage of the suggested harmonic AB=CD technical above. Overall, we expect a bearish trend to effect trading for crude today since trading stabilized below 77.50 and below the

DAILY FOREX TRADING - GBPJPY September 24 - Morning Report

FOREX TRADING - GBPJPY September 24 ,2010 - Morning Report GBPJPY - gbp/jpy Great British Pound vs. Japanese Yen (GBP / JPY)Morning Report
 
The pair soared, respecting the positive divergence of the four hour interval, which we captured and highlighted in the midday report. Thus, the correction of the downside move from 135.00 to 131.60 might have been ended around 38.2% Fibonacci level,

DAILY FOREX TRADING - SILVER September 24 - Morning Report

FOREX TRADING - SILVER September 24 ,2010 - Morning Report Report Silver
SilverMorning Report
 
Silver is still preparing to breach the technical obstacle of 21.25 as seen on the provided four hour chart. The consolidation above the psychological levels around 21.00 argues us to keep the suggested bullish scenario of the IM wave unchanged over intraday basis. Carefully note that, Stochastic

DAILY FOREX TRADING - GOLD September 24 - Morning Report

FOREX TRADING - GOLD September 24 ,2010 - Morning Report Report GoldMorning Report
 
Gold is trapped within a very tight range as it is still affected by facing the major extended resistance of 1294.00, which represents 127.2% projection Fibonacci for the BC leg of our suggested harmonic AB=CD pattern. Thus, we are still waiting for a breakout above this level to send the metal upwards

DAILY FOREX TRADING - EURJPY September 24 - Morning Report

FOREX TRADING - EURJPY September 24 ,2010 - Morning Report EUR JPY - eur/jpyEuro vs. Japanese Yen (EUR / JPY)Morning Report
 
Just ten pips separate between the pivotal resistance of 88.6% Fibonacci of XA leg at 113.60 and the current price as 76.4% Fibonacci supported the pair as well. In the interim, Stochastic of the four hour interval-secondary image- is showing a positive crossover,

DAILY FOREX TRADING - EURGBP September 24 - Morning Report

FOREX TRADING - EURGBP September 24 ,2010 - Morning Report EUR GBP - eur/gbp
Euro vs. Great British Pound (EUR / GBP)Morning Report
 
The royal pair didn't show any big moves since our previous report was published, while the support levels between 0.8460-0.8480 carried the pair to the upside once more. We still see chances of resuming the bullishness over intraday basis. We recommend

DAILY FOREX TRADING - USDCAD September 24 - Morning Report

FOREX TRADING - USDCAD September 24 ,2010 - Morning Report USD CAD - usd/cadCanadian Dollar (CAD)Morning Report 

According to our midday report yesterday, the pair has ascended to touch 38.2% correction but was not able to resume the four hour chart above it, thereby returning to trade near 1.0300. The daily chart shows that possibility of the positivity continuing within the stochastic,

DAILY AFOREX TRADING - USDCHF September 24 - Morning Report

FOREX TRADING - USDCHF September 24 ,2010 - Morning Report USD CHF - usd/chf Swiss Franc (CHF)Morning Report 

The pair till now did not achieve the required bullish correction to gain enough bearish momentum to continue in the overall bearish direction, where the bearish channel is causing the downside movement. The stochastic is riding of a lot of its positivity; whereas the RSI has built a

DAILY FOREX TRADING - USDJPY September 24 - Morning Report

FOREX TRADING - USDJPY September 24 ,2010 - Morning Report USDJPY - usd/jpyJapanese Yen (JPY)Morning Report 

The pair gained enough bullish momentum as the bullish wave enters levels around 84.30, as expected in yesterday’s report. Currently, we expect the bullish trend to continue due to the effect of attempting a positive crossover on stochastic, alongside stability above 84.00 – 83.85 and

DAILY FOREX TRADING - GBPUSD September 24 - Morning Report

FOREX TRADING - GBPUSD September 24 ,2010 - Morning Report GBP USD - gbp/usd Great British Pound (GBP)Morning Report 

The clear stability is above 1.5605 and provides the possibility to witness this today to breach 1.5725, which insures continuing the bullish direction. The MACD index entered positive areas that will build a base above the MA 20 and 50, helping the bullish momentum gain more

DAILY FOREX TRADING - EURUSD September 24 - Morning Report

FOREX TRADING - EURUSD September 24,2010 - Morning Report EUR USD - eur/usdEuroMorning Report The pair descended yesterday to gain bullish momentum once again and we see that it is trading once again above 1.3305, thus insuring the harmonic pattern and the suggested count according to the Elliott that still affects the pair. It is expected a bullish direction through trading today, which

FOREX YOUTUBE VIDEO - EUROPEAN OUTLOOK SEPTEMBER 24, 2010

FOREX YOUTUBE VIDEO - EUROPEAN OUTLOOK SEPTEMBER 24, 2010
Hello traders, for this Friday video I concentrate entirely on an old favorite, the Aussie Yen. Very simple analysis, if we at the London open at support lets buy it, if we at resistance at the open lets sell it, anything in between, we wait. I also throw in some price action training. Please register for the Monday webinar at Dailyfx,

Dollar slides against yen after unexpected rise in jobless claim

Dollar slides against yen after unexpected rise in jobless claimThe US dollar slipped versus a the Japanese yen after a US report showing that initial jobless claims rose to 465 thousands last week from 453 thousands a weak before and continuing claims climbed to 4489 thousands from 4537 thousands, above estimates of 450 thousands and 4473 thousands.The downbeat added to concerns that the

Ireland Auction Bills

Ireland Auction BillsIreland government announced the auction of €400 million of bills, lower than the maximum amount projected, due to rising concerns that economic recovery and growth in the European continent is faltering.The National Management Agency sold €300.0 million of securities with maturity duration of five-months at an average yield of 1.907 percent, below the prior yield of

U.S Weekly Jobs Report

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 September the 18th climbed from prior revised reading of 453 thousand to reach 465 thousand claims, which is higher than the expected 450 thousand claims.As for Continuing Claims, it fell during the week ending in September the 11th to reach 4489

FOREX TRADING - OIL September 23 ,2010 - Midday Report

FOREX TRADING - OIL September 23 ,2010 - Midday Report Oil
Oil ReportMidday Report

Five points are separating crude’s highest price from this morning’s reversal at 75.00, where crude has started its bearish wave insuring that yesterday’s harmonic pattern was valid. Meanwhile, trading remains below 75.00 providing a major possibility of witnessing more bearish movement over intraday basis,

FOREX TRADING - SILVER September 23 ,2010 - Midday Report

FOREX TRADING - SILVER September 23 ,2010 - Midday Report Silver
Silver
Midday Report

 
Silver touched the recently established support -previous resistance around 21.00- as we anticipated this morning in order to relieve Stochastic. Some kind of consolidation could occur to assist the metal to pass over the technical obstacle of 21.25. We keep our overview unchanged for the rest of the day.

FOREX TRADING - GOLD September 23 ,2010 - Midday Report

FOREX TRADING - GOLD September 23 ,2010 - Midday Report Gold
Midday Report

 
The slow movements around 127% Fibonacci of the CD leg are seen as normal price behaviors when we meet an extended resistance like this level. That is why we still in need a decisive breakout above it to make sure that 161.8% could be visited. To recap, we keep our morning speculations unchanged for the rest of the

FOREX TRADING - GBPJPY September 23 ,2010 - Midday Report

FOREX TRADING - GBPJPY September 23 ,2010 - Midday Report GBPJPY - gbp/jpy
Great British Pound vs. Japanese Yen (GBP / JPY)Midday Report

 
The positive divergence –secondary image- is another positive indication that could support our morning technical idea that the recent downside movements should be seen as a correction for the upside rally from 127.60 to 135.00. Fibonacci levels of 38.2%

FOREX TRADING - EURJPY September 23 ,2010 - Midday Report

FOREX TRADING - EURJPY September 23 ,2010 - Midday Report EUR JPY - eur/jpy
Euro vs. Japanese Yen (EUR / JPY)
Midday Report

 
The pair is trapped between 76.4% and 88.6% of XA leg for the harmonic formation as seen on the provided chart. Therefore, we still need to watch out the daily closing very carefully before defining the upcoming big move. A break of 113.60 -Fibonacci 88.6% level- could

FOREX TRADING - EURGBP September 23 ,2010 - Midday Report

FOREX TRADING - EURGBP September 23 ,2010 - Midday Report EUR GBP - eur/gbp
Euro vs. Great British Pound (EUR / GBP)
Midday Report

 
Normal pullback from the pivotal resistance between 0.8530-08560 but as we use weekly chart to highlight the bigger picture of the pair we still see chances of resuming the bullishness for the rest of the day. We recommend reviewing the "Eye on the pair" report

FOREX TRADING - USDCAD September 23 ,2010 - Midday Report

FOREX TRADING - USDCAD September 23 ,2010 - Midday Report USD CAD - usd/cad
Canadian Dollar (CAD)
Midday ReportOur neutral stance for today prevails, where the pair has stabilized above 1.0300 forcing us to observe the pair according to classical technical analysis as it appears to have exited the bearish range that has started from the last top at 1.0671 and breached 23.6% correction.

FOREX TRADING - USDCHF September 23 ,2010 - Midday Report

FOREX TRADING - USDCHF September 23 ,2010 - Midday Report USD CHF - usd/chf
Swiss Franc (CHF)Midday Report

The pair continues trading within a narrow range as the bearish trend stopped after touching the key support for the descending channel. Hence, we expect to witness a slight bullish correction before continuing the overall bearish direction organized by the descending channel

FOREX TRADING - USDJPY September 23 ,2010 - Midday Report

FOREX TRADING - USDJPY September 23 ,2010 - Midday Report USDJPY - usd/jpy
Japanese Yen (JPY)Midday Report

The pair is trading in a very narrow range today confirming that it found strong demand halting the relatively strong bearishness in the past two days. The D line in ADX started to descend which is considered to be weakness in the bearish direction. We hold onto morning expectations and

FOREX TRADING - GBPUSD September 23 ,2010 - Midday Report

FOREX TRADING - GBPUSD September 23 ,2010 - Midday Report GBP USD - gbp/usd
Great British Pound (GBP)Midday Report

The pair rebounded near levels from 1.5605 as Stochastic provided positive crossover that has canceled the bearish trend; whereas MACD clearly entered positive areas. Building a base above the mentioned level maintains chances for a bullish movement intact, while breaching 1.5725

FOREX TRADING - EURUSD September 23 ,2010 - Midday Report

FOREX TRADING - EURUSD September 23 ,2010 - Midday Report EUR USD - eur/usd
EuroMidday Report

The bearish movement today was not ruled out, where we signaled its possibility by suggesting 1.3305 to be areas supporting the bullish momentum. Currently trading is under negative pressure from momentum indicators, but despite that, trading remains above the mentioned level could maintain the

FOREX TRADING - Elliott Wave GBPUSD September 23 ,2010

FOREX TRADING - Elliott Wave GBPUSD September 23 ,2010gbp/usd - gbp usd - gbp

FOREX VIDEOhttp://forex-ar-en.blogspot.com

FOREX TRADING -Elliott Wave AUDUSD September 23 ,2010

FOREX TRADING -Elliott Wave AUDUSD September 23 ,2010 aussie - aud/usd - aud usd

FOREX VIDEOhttp://forex-ar-en.blogspot.com

Forex Trading Strategy on Euro September 23 ,2010

Forex Trading Strategy on Euro September 23 ,2010Strategy on eur/usd - Strategy on Euro

FOREX VIDEOhttp://forex-ar-en.blogspot.com

FOREX TRADING - Sive Morten EURUSD Daily September 23 ,2010

FOREX TRADING - Sive Morten EURUSD Daily September 23 ,2010eur/usd - eur usd

FOREX VIDEOhttp://forex-ar-en.blogspot.com

Forex Economic Calendar September 23 YouTube Video

Forex Economic Calendar September 23 YouTube Video

FOREX VIDEOhttp://forex-ar-en.blogspot.com

Euro Zone Manufacturing and Services Expansion Ease, Raising Concerns Recovery is Losing Momentum

Euro Zone Manufacturing and Services Expansion Ease, Raising Concerns Recovery is Losing MomentumToday, data released from the euro zone showed that growth is slowing down in the third quarter, echoing the European Commission forecasts released last week. Euro zone manufacturing eased its expansion in September to 53.6 compared with the prior 55.1, whereas services also plunged to 53.6 from

European Parliament Approves New Financial Watchdogs

European Parliament Approves New Financial WatchdogsEuropean Parliamentary session held yesterday came out with the consent of establishing new financial watchdogs to monitor banking sector, financial markets and the insurance and pensions industry through three supervisory bodies, which are the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the

UK BBA loans

UK BBA loansUK BBA loans for house purchases in August at 31767, lower than the previous 33698 that got revised to 34219, while the median estimate of markets were set at 34000FOREX VIDEOhttp://forex-ar-en.blogspot.com

Euro zone manufacturing and services expansion ease

Euro zone manufacturing and services expansion easeEuro zone manufacturing eased its expansion in September to 53.6 compared with the prior 55.1 and forecasts of 54.5. Services also slipped to 53.6 from the prior 55.9 and compared with projections of 55.5. Accordingly, PMI composite plummeted to 53.8 relative to the previous 56.2 and estimates of 55.7FOREX VIDEOhttp://forex-ar-en.blogspot.com

France's manufacturing continues expansion while services expansion eases

France's manufacturing continues expansion while services expansion easesFrench manufacturing continued its expansion in September to 55.4 from the prior 55.1, beating estimates of 55.0. By contrast, services expansion eased to 58.8 from the preceding 60.4 and median estimates of 60.0, according to the preliminary readingFOREX VIDEOhttp://forex-ar-en.blogspot.com

German manufacturing and services expansion ease lower than analyst's forecasts

German manufacturing and services expansion ease lower than analyst's forecastsGerman PMI manufacturing and services showed an ease in expansion in September, according to the advanced reading which revealed that manufacturing slipped to 55.3 from the prior 58.2, while services slumped to 54.6 from 57.2. Analysts expected the manufacturing and service's expansion to ease to 57.6 and 57.2

FOREX TRADING - GOLD September 23 ,2010 - Morning Report

FOREX TRADING - GOLD September 23 ,2010 - Morning Report Gold
Gold
Morning Report

 
Gold did not achieve the awaited closing over daily basis or on the four hour interval above 1294.00, to make sure that our suggested harmonic AB=CD pattern will be complete around Fibonacci level of 161.8% of BC leg. AROON indicator shows the strength of the uptrend that might assist it to breach 1294.00

FOREX TRADING - SILVER September 23 ,2010 - Morning Report

FOREX TRADING - SILVER September 23 ,2010 - Morning Report Silver
Silver
Morning Report

 
Silver succeeded in creating a new solid support base and this time it is around 21.00 zones, as seen on the provided four hour chart. These levels could be revisited or rather retested to relieve Stochastic before achieving the second technical try to breach the pivotal resistance of 21.25, which

FOREX TRADING - OIL September 23 ,2010 - Morning Report

FOREX TRADING - OIL September 23 ,2010 - Morning Report Oil
Oil ReportMorning Report

After successfully reaching the suggested target level 76.60, crude returned to descend as it currently is attempting to trade to insure the breach of key support for the bullish trend. This breach could be the first step towards insuring that the harmonic technical pattern could take form as an AB=CD

FOREX TRADING - GBPJPY September 23 ,2010 - Morning Report

FOREX TRADING - GBPJPY September 23 ,2010 - Morning Report GBPJPY - gbp/jpy
Great British Pound vs. Japanese Yen (GBP / JPY)
Morning Report

 
Despite closing below SMA 50 yesterday, the recently established uptrend remains intact as we still consider the downside move from 135.00 to 131.60 as a correction for the upside rally from 127.60 to 135.00. Meanwhile, on the Fibonacci correctional

FOREX TRADING - EURJPY September 23 ,2010 - Morning Report

FOREX TRADING - EURJPY September 23 ,2010 - Morning Report EUR JPY - eur/jpy
Euro vs. Japanese Yen (EUR / JPY)
Morning Report

 
The pair is approaching the pivotal levels around 88.6% Fibonacci of XA gradually as seen on the provided daily chart. It not easy to change the Bat pattern to the Crab pattern but AROON indicator proves the strength of the bullish trend obviously and might

FOREX TRADING - EURGBP September 23 ,2010 - Morning Report

FOREX TRADING - EURGBP September 23 ,2010 - Morning Report EUR GBP - eur/gbp
Euro vs. Great British Pound (EUR / GBP)Morning Report

 
As promised before regarding the discussion of the bigger bullish picture for the pattern over larger time frames, we can see that the idea duplicated harmonic structure was formed over weekly chart. Yesterday's positive closing above the key resistance

FOREX TRADING - USDCAD September 23 ,2010 - Morning Report

FOREX TRADING - USDCAD September 23 ,2010 - Morning Report USD CAD - usd/cad
Canadian Dollar (CAD)
Morning Report

The loonie pair ascended yesterday touching 1.0300 that has been considered to be a risk limit level on an intraday basis, although the pair returned to trade today below this level as stochastic gives off a bearish negative crossover. In the meantime, we currently remain

FOREX TRADING - USDCHF September 23 ,2010 - Morning Report

FOREX TRADING - USDCHF September 23 ,2010 - Morning Report USD CHF - usd/chf
Swiss Franc (CHF) Morning Report

According to the four hour chart above, the pair is still moving within the bearish channel but managed to rebound from key support yesterday, where currently momentum indicators are trading within oversold areas due to the bullish correction today that is expected to rid of the

FOREX TRADING - USDJPY September 23 ,2010 - Morning Report

FOREX TRADING - USDJPY September 23 ,2010 - Morning Report USDJPY - usd/jpy
Japanese Yen (JPY)
Morning Report

The pair touched resistance for the key bearish trend that has previously been breached as 84.00 – 83.85 levels remain intact, thereby pointing out that the harmonic formation shown in the image above is still affecting the pair today. We could see that the bullish trend has

FOREX TRADING - GBPUSD September 23 ,2010 - Morning Report

FOREX TRADING - GBPUSD September 23 ,2010 - Morning Report GBP USD - gbp/usd


Great British Pound (GBP) Morning Report

The cable pair found a hard time yesterday a daily closing above 1.5725 that requires its breach to insure the bullish trend, in the meantime trading is above 1.5560 is able to maintain chances of breaching the expected breach intact, due to support from a positive MACD

FOREX TRADING - EURUSD September 23,2010 - Morning Report

FOREX TRADING - EURUSD September 23,2010 - Morning Report EUR USD - eur/usd EuroMorning Report The pair ascended through trading yesterday and we currently witness stability above 261.8% correctional level at 1.3360, where the pair could achieve more bullish movement today. The harmonic formation shown above supported the scenario of an Elliott wave, where the breach of the previous top at