Weekly Bottom Line November 29- December 3

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

EUR/USD Weekly Outlook November 29- December 3

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

USD/JPY Weekly Outlook November 29- December 3

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

GBP/USD Weekly Outlook November 29- December 3

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

USD/CHF Weekly Outlook November 29- December 3

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

AUD/USD Weekly Outlook November 29- December 3

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

USD/CAD Weekly Outlook November 29- December 3

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

EUR/GBP Weekly Outlook November 29- December 3

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

EUR/CHF Weekly Outlook November 29- December 3

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

EUR/JPY Weekly Outlook November 29- December 3

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

GBP/JPY Weekly Outlook November 29- December 3

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

GOLD November 23 , 2010 - Morning Report

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

SILVER November 23 , 2010 - Morning Report

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

GBPJPY November 23, 2010 - Morning Report

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


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

EURJPY November 23 , 2010 - Morning Report

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


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

eurgbp november 23 , 2010 - morning Report

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


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

usdcad november 23 , 2010 - morning Report

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

usdchf november 23 , 2010 - morning Report

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

usdjpy november 23 , 2010 - morning Report

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

GBPUSD November 23 , 2010 - Morning Report

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

EURUSD November 23 , 2010 - Morning Report

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

Oil November 23 , 2010 - Morning Report

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

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FOREX VIDEO TRADING - EUROPEAN OUTLOOK NOVEMBER 23, 2010

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

AUDUSD Weekly Outlook November 22 - 26 , 2010

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

EURCHF Weekly Outlook November 22 - 26 , 2010

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

GBPJPY Weekly Outlook November 22 - 26 , 2010

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

EURJPY Weekly Outlook November 22 - 26 , 2010

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

EURGBP Weekly Outlook November 22 - 26 , 2010

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

USDCAD Weekly Outlook November 22 - 26 , 2010

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

USDCHF Weekly Outlook November 22 - 26 , 2010

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

USDJPY Weekly Outlook November 22 - 26 , 2010

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

GBPUSD Weekly Outlook November 22 - 26 , 2010

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

EUR USD Weekly Outlook November 22 - 26 , 2010

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

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A mixed week for the superpower

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

More developments in Japan and Australia during the week

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

Ireland debt woes dominate the European theme throughout the week

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

Ireland to begin talks with IMF

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

Philadelphian manufacturers; are they offering recovery support again

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

Forex News Philadelphia Fed

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

Forex News U.S Leading Indicators

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

Forex News Canada's Wholesale Sales

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

Forex News U.S Weekly Jobs Report

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

Forex News Canada's Leading Indicators

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

A break for U.S investors after two intense days

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

UK CBI Trend Total Orders

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

Consumers takes advantage of prices before new VAT rates

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

Switzerland ZEW Survey Expectations

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

Oil November 18 , 2010 - Morning Report

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

GOLD November 18 , 2010 - Morning Report

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

SILVER November 18 , 2010 - Morning Report

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

GBPJPY November 18 , 2010 - Morning Report

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

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

EURJPY November 18 , 2010 - Morning Report

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

EURGBP November 18 , 2010 - Morning Report

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

USDCAD November 18 , 2010 - Morning Report

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

USDCHF November 18 , 2010 - Morning Report

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

USDJPY November 18 , 2010 - Morning Report

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

GBPUSD November 18 , 2010 - Morning Report

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

EURUSD November 18 , 2010 - Morning Report

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

UK Public Finance in October

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

UK Retail Sales

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

Greek goals at Jeopardy

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

Ireland bonds rise on bailout speculations

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

Euro Zone's current account

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

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

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

UK budget deficit and retail sales data are under scrutiny

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

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

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

FOREX VIDEO TRADING - ASIAN OUTLOOK November 18 2010

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

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

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

Euro remains weak on uncertain bailout for Irish banks

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

CPI Confirms the Fed’s Weak Outlook For Inflation

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

U.S Housing Data

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

U.S Consumer Price Index

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

Osborne offers to support possible Irish banks bailout

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

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

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

Watch match egypt vs australia live online justin tv 11/17/2010

Watch match egypt vs australia live online justin tv 11/17/2010

مشاهدة مباراة مصر واستراليا الودية Watch match egypt vs australia live online justin tv 17/11/2010

مشاهدة مباراة مصر واستراليا الودية 17 نوفمبر 2010

البث المباشر لمباراة مصر واستراليا الودية

مشاهدة مباراة ماتش مصر واستراليا Watch match egypt vs australia online justin tv

EURUSD November 16 , 2010 - Morning Report

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

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

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

مشاهدة مباراة مصر واستراليا الودية,Watch match egypt vs australia

مشاهدة مباراة مصر واستراليا الودية Watch match egypt vs australia live online justin tv 17/11/2010 مشاهدة مباراة مصر واستراليا الودية Watch match egypt vs australia live online justin tv

South Korean central bank raises interest rates, contrary to expectations

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

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

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

RBA minutes

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

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

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

Forex News Japanese Tertiary industry index

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

U.S Retail Sales November 15

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

A satisfying U.S Monday for a revitalizing week

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

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

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

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

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

GBPJPY November 15 , 2010 - Midday Report Recommendation GBPJPY

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


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

EURJPY November 15 , 2010 - Midday Report Recommendation EURJPY

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


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

EURGBP November 15 , 2010 - Midday Report Recommendation EURGBP

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


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

USDCAD November 15 , 2010 - Midday Report Recommendation USDCAD

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

USDCHF November 15 , 2010 - Midday Report Recommendation USDCHF

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

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

USDJPY November 15 , 2010 - Midday Report Recommendation USDJPY

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


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

GBPUSD November 15 , 2010 - Midday Report Recommendation GBPUSD

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

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

EURUSD November 15 , 2010 - Midday Report Recommendation EURUSD

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

Forex News Swiss producer and import prices miss forecasts

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

SILVER November 15 , 2010 - Weekly Report Recommendation SILVER

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

Forex News Japanese Industrial Production index

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

Forex News UK's Rightmove house prices

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

Forex News GDP in Japan

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

Forex News Retail sales index in New Zealand

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

Forex Trading Video YouTube EUR/USD 14 November 2010

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

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

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

Forex Trading Forex Analysis November 14 , 2010 Video

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

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

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

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

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

Forex News IMF says Ireland can manage amid EU rescue talks

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

USD/CHF Set To Build On Bull Pressure

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

Forex News Colombia wants to avoid invasive FX measures

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

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

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

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

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

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

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

Forex News Minister says Portugal could be pushed out of euro

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

GBP/USD Weekly Outlook – November 15-19

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

The pound showed significant strength in the past week, weathering

AUD/USD Weekly Outlook – November 15-19

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

A big blow for

The Europe week very mixed: what went wrong

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

A neutral & calm week for the superpower

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

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

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

G20 leaders vow to solve macroeconomic imbalances next year

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

Forex News : Dollar unchanged, Ireland debt worries affect markets

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

Forex News : Uni. of Michigan Confidence

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

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

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

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

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

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

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

Forex News : Euro Area Industrial Production Slump

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

Forex News : Euro Zone Recovery Losing Momentum into Q3

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

Forex News : French recovery slows into the third quarter

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

Oil November 12 , 2010 - Morning Report Recommendation OIL

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

GOLD November 12 , 2010 - Morning Report Recommendation GOLD

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

SILVER November 12 , 2010 - Morning Report Recommendation SILVER

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

GBPJPY November 12 , 2010 - Morning Report Recommendation GBPJPY

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


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

EURJPY November 12 , 2010 - Morning Report Recommendation EURJPY

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


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

EURGBP November 12 , 2010 - Morning Report Recommendation EURGBP

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


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

USDCAD November 12 , 2010 - Morning Report Recommendation USDCAD

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

USDCHF November 12 , 2010 - Morning Report Recommendation USDCHF

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

USDJPY November 12 , 2010 - Morning Report Recommendation USDJPY

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

GBPUSD November 12 , 2010 - Morning Report Recommendation GBPUSD

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

EURUSD November 12 , 2010 - Morning Report Recommendation EURUSD

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

Germany preliminary third Quarter GDP Reading

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

UK Nationwide House prices for the month

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

Euro Zone To Expand 0.5% In The Third Quarter

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

Chinese yuan rises to its highest since 1993

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

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

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

Forex Daily Outlook November 11, 2010 Video YouTube

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

OIL November 11 , 2010 - Morning Report Technical OIL

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

GOLD November 11 , 2010 - Morning Report Recommendation GOLD

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

SILVER November 11 , 2010 - Morning Report Recommendation SILVER

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

GBPJPY November 11 , 2010 - Morning Report Recommendation GBPJPY

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


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

EURJPY November 11 , 2010 - Morning Report Recommendation EURJPY

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


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

EURGBP November 11 , 2010 - Morning Report Recommendation EURGBP

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


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

USDCAD November 11 , 2010 - Morning Report Recommendation USDCAD

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

USDCHF November 11 , 2010 - Morning Report Recommendation USDCHF

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

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

USDJPY November 11 , 2010 - Morning Report Recommendation USDJPY

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

GBPUSD November 11 , 2010 - Morning Report

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

eurusd november 11 , 2010 - morning Report Recommendation EURUSD

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


EUR

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

The dollar falling on believes the Asian currencies may rise

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

Chinese economy released today data concerning both the retail sales index

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

Chinese inflation data

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

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

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

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

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

China trade balance surplus widens more than expected in October

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

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

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

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

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

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

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

South Korean unemployment rate seasonally adjusted retreated

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

Forex Trading Sive Morten EURUSD Daily November 9 , 2010 Video

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

Forex Trading - Forex Daily Outlook November 9, 2010

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

OIL November 9 , 2010 - Morning Report

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

GOLD November 9 , 2010 - Morning Report

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

SILVER November 9 , 2010 - Morning Report

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

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

GBPJPY November 9 , 2010 - Morning Report

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


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

EURJPY November 9 , 2010 - Morning Report

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


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

EURGBP November 9 , 2010 - Morning Report

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


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

USDCAD November 9 , 2010 - Morning Report

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

USDCHF November 9 , 2010 - Morning Report

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

USDJPY November 9 , 2010 - Morning Report

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

GBPUSD November 9 , 2010 - Morning Report

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

EURUSD November 9 , 2010 - Morning Report

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

German CPI final reading for the month of October

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

UK trade deficit to narrow in September

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

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

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

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

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

Australian economy released data concerning the NAB Business Conditions during October

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

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

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

Gold Rises Above $1400 an Ounce for First Time Ever

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

GBPJPY november 8 , 2010 - midday report

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


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

EURJPY november 8 , 2010 - midday report

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


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

USDCAD November 8 , 2010 - Midday Report

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

USDCHF November 8 , 2010 - Midday Report

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

USDJPY November 8 , 2010 - Midday Report

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

GBPUSD November 8 , 2010 - Midday Report

FOREX TRADING - GBPUSD November 8 , 2010 - Midday Report Recommendation GBPUSDTechnical GBP/USDGBP USD - gbp/usdGreat British Pound (GBP)Midday Report
GBP
The evident negative pressure appearing on the pair supports our morning expectations, where we await to retest the key level 1.6000. Meanwhile, touching the ascending short term channel’s resistance, alongside breaching the minor upside

EURUSD November 8 , 2010 - Midday Report

FOREX TRADING - EURUSD November 8 , 2010 - Midday Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Midday Report EUR
The pair is currently trading at the top of the symmetrical triangle shown this morning descending towards 1.3900, while momentum indicators are showing positive signs. We still await for the daily closing in order to obtain more assuring signs for

euro extended its drop against majors after a report showing that German industrial production

Euro continues its decline after German data The euro extended its drop against majors after a report showing that German industrial production slipped to -0.8% in September from the revised 1.5%. Concerns were aggravated after the data as budget deficit woes in Ireland and political tensions in Greece are making investors worried about growth prospects in the 16-nation region. Today, Olli

Canada's Housing Starts for October

Canada's Housing Starts Canada's Housing Starts for October plunged to 167.9 thousand; worse than the predicted 183.0 thousand and the prior revised reading of 185.0 thousand from 186.4 thousand

economy in Europe, Germany, released its trade balance report showing a rise in exports that surpassed expectations

German exports rebound in September after two months of dropping Largest economy in Europe, Germany, released its trade balance report showing a rise in exports that surpassed expectations, despite the fact that the Euro continues on ascending against majors, especially the dollar, which would negatively offset exports in the upcoming period. Exports increased on a seasonally adjusted basis

Germany released its industrial production, where it declined in the month

Germany Industrial Production Germany released its industrial production, where it declined in the month of June, reaching -0.8%, compared with the previous revised 1.5 percent and worse than market expectations of 0.4%, while on the yearly scale the index rose by 7.9 percent, down from the previous revised 10.7 percent and the expected 9.5 percent

Rehn visits Dublin to discuss the Irish budget plan

Rehn visits Dublin to discuss the Irish budget planOlli Rehn, EU Economic and Monetary Affairs Commissioner, will arrive in Dublin today to assess the budget plan announced last week by the Irish government which aims to reduce spending and increase taxes by 6 billion euros next year.   Ireland is trying to avoid the Greek-style rescue as it is looking forward to cutting deficit to 3% of

OIL Weekly Report November 8 - 12 , 2010

Forex Trading OIL Weekly Report November 8 - 12 , 2010 Technical OIL Oil Oil Report Weekly Report 08 - 12 / November / 2010
oil08
By breaching 127% correction for the BC leg, it is currently possible to retest the Fibonacci correction 161.85 at 90.50. All that is required now is the daily closing above 87.20 to insure this level’s view, forming the top for point X. Keep in mind that

GOLD Weekly Report November 8 - 12 , 2010

Forex Trading GOLD Weekly Report November 8 - 12 , 2010 Recommendation GOLD Technical GOLD Report GOLD
Weekly Report 08/11 – 12/ 11/ 2010
gold08
Gold inclined respecting the previous discussed harmonic crab pattern, which is awaited to affect the movements during the coming period. As far as trading remains above 1380.00-1372.00, the bullish wave could continue targeting 1430.00

SILVER Weekly Report November 8 - 12 , 2010

Forex Trading SILVER Weekly Report November 8 - 12 , 2010 Recommendation SILVER Technical SILVER Silve Weekly Report 08/11 – 12/ 11/ 2010  
silver08
The previous suggested Elliott count is proving its efficiency until now. We expect resumption for the bullish wave depending on the aforesaid scenario. In the interim, areas between 27.10 and 27.25 should be breached to confirm this awaited

GBPJPY Weekly Report November 8 - 12 , 2010

Forex Trading GBPJPY Weekly Report November 8 - 12 , 2010 ReportRecommendation GBPJPY Technical GBP/JPYGBP/JPY - GBP JPY GBPJPYGreat british pound vs. japanese yen Weekly Report 08/11 – 12/ 11/ 2010
 


The pair closed positively above SMA 50 as seen on the provided daily chart, where this closing might assist in surpassing the upper line or rather the resistance line of the

EURJPY Weekly Report November 8 - 12 , 2010

Forex Trading EURJPY Weekly Report November 8 - 12 , 2010 ReportRecommendation EURJPY Technical EUR/JPYEUR/JPY - EUR JPY - EURJPYEuro vs. japanese yen (EUR / JPY) Weekly Report 08/11 – 12/ 11/ 2010
 


The pivotal resistance of 114.70 remains a technical obstacle that has caused another correction move during Friday's trading, but we are still stuck with the probability of forming

EURGBP Weekly Report November 8 - 12 , 2010

Forex Trading EURGBP Weekly Report November 8 - 12 , 2010 Recommendation EURGBP Technical EUR/GBP EUR/GBP - EUR GBP - EURGBP Euro vs. great british pound (EUR / GBP) Weekly Report 08/11 – 12/ 11/ 2010
 


The pair succeeded in reaching our previous suggested two scientific technical targets for the duplicated harmonic formation during the previous weeks. The first target was detected

USDCAD Weekly Report November 8 - 12 , 2010

Forex Trading USDCAD Weekly Report November 8 - 12 , 2010 USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Weekly Report 08 - 12 / November / 2010
CAD
The loonie continues trading within the downside channel shown above, after facing minor resistance 1.0035 as the pair gets ready for a bearish lean but constantly finds a hard time surpassing

USDCHF Weekly Report November 8 - 12 , 2010

Forex Trading USDCHF Weekly Report November 8 - 12 , 2010 Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Weekly Report 08 - 12 / November / 2010
CHF
According to the weekly chart above, the pair is wedged between vital levels representing in the descending channel’s key support level at 0.9560 and the retest support for the previously breached

USDJPY Weekly Report November 8 - 12 , 2010

Forex Trading USDJPY Weekly Report November 8 - 12 , 2010 Weekly Report 08 - 12 / November / 2010 Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Weekly Report 08 - 12 / November / 2010 JPY
The pair is moving within the minor ascending channel since it was able to record the bottom level at 80.24, although we expected that trading within this channel

GBPUSD Weekly Report November 8 - 12 , 2010

Forex Trading GBPUSD Weekly Report November 8 - 12 , 2010 Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Weekly Report 08 - 12 / November / 2010
GBP
The cable was unable to surpass 76.4% Fibonacci shown above, where it reversed to trade to the downside as we expect it to retest the previously breached pivotal resistance at 1.6000. Momentum

EUR USD Weekly Report November 8 - 12 , 2010

Forex Trading EUR USD Weekly Report November 8 - 12 , 2010 Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Weekly Report 08 - 12 / November / 2010
EUR
The pair as mentioned in our previous weekly report last week has formed a symmetrical triangle, which was awaited to push the pair to resume the bullish trend; however, trading today opened negative and was able to breach

German trade surplus widened to 16.8 billion euros in September

German trade surplus widens in September German trade surplus widened to 16.8 billion euros in September compared with the prior surplus of 9.0 billion euros and forecasts of 12.0 billion euros surplus

Swiss unemployment rate for October came in line with expectations at 3.5%, similar to the prior reading,

Swiss unemployment matches foreasts Swiss unemployment rate for October came in line with expectations at 3.5%, similar to the prior reading, while the seasonally adjusted reading came in at 3.6% from 3.7%

Japan's leading index preliminary reading retreated to 98.9 during the month of September

Leading index in Japan Japan's leading index preliminary reading retreated to 98.9 during the month of September, compared with a previous reading of 99.5 in August, revised to 99.5, while the analyst's expectations estimated to 99.0.  On the other hand, Japan's coincident index preliminary reading released with actual 103.0 in September, compared with a previous 103.3 during August, while

Australian economy released its job advertisements index for the month of October

Australian Job Advertisements The Australian economy released its job advertisements index for the month of October, where the index released with actual 0.6%, compared with a previous reading 0.7% in September, which was revised to 1.1%

EUR USD Daily Outlook November 8 , 2010 Sive Morten Video YouTube

EUR USD Daily Outlook November 8 , 2010  Sive Morten Video YouTube http://www.youtube.com/watch?v=I451Dl6dI6M

FOMC Starts QE2, as Income and Spending Weaken in September, While Jobs, Manufacturing, and Services Rise in October

FOMC Starts QE2, as Income and Spending Weaken in September, While Jobs, Manufacturing, and Services Rise in October Simply, what a week for the world’s largest economy, where fundamentals from all around the economy provided mixed results, although general conditions seem to have improved in October, while the FOMC didn’t disappoint investors after announcing a second round of quantitative

Grand Finale for the week in Europe 11/8/2010

Grand Finale for the week in Europe 11/8/2010 The week started calm with the lack of fundamentals, where investors prepared for the Fed, ECB and BoE rate decision alongside with labor data to be released from the US as the infamous jobs report did seal a very interesting week for global economies. Monetary Stance Unchanged All three banks kept their dovish stand active and strongly in favor

Asian central Bank's decisions control the course

Asian central Bank's decisions control the course of events this week The Asian region has witnessed a week full of important data and economic events. Where a number of central banks announced their interest rate decisions with unexpected surprises, which is parallel to other world events during this week. We also had decisions from the Feds, BoE and ECB besides the midterm elections in the

Bernanke Says Goal of Asset Purchases is ‘Faster Recovery’

Bernanke Says Goal of Asset Purchases is ‘Faster RecoveryNov. 5  Federal Reserve Chairman Ben S. Bernanke said the central bank’s plan to purchase $600 billion in Treasuries is targeted to bring about a more rapid U.S. recovery. “The Federal Open Market Committee voted to buy additional securities in the open market with the goal of providing more stimulus and we hope bringing about a

Fed's Bernanke: Inflation expectations under wraps

Fed's Bernanke: Inflation expectations under wrapsFederal Reserve Chairman Ben Bernanke said on Friday that the U.S. central bank was committed to keep inflation low, adding that inflation expectations remained under wraps.
"We are absolutely committed to keeping inflation low and stable," Bernanke said in response to a question at Jacksonville University. "We have the tools to unwind and

Fed's Hoenig renews call for higher rates

Fed's Hoenig renews call for higher ratesKansas City Federal Reserve President Thomas Hoenig renewed his call for the U.S. central bank to raise borrowing costs on Friday, saying housing markets cannot follow a sustainable path until the Fed normalizes monetary policy.

"Moving rates modestly off of zero, where they have been since December 2008, still represents highly accommodative monetary

US Consumer Credit Inclining in September

US Consumer Credit IncliningThe US consumer rose in September to 2.1%; better than the predicted -3.0 billion and the prior revised reading of -4.9 billion from -3.3 billion

U.S Pending Home Sales index regarding the month of September

U.S Pending Home SalesThe U.S economy released this morning its Pending Home Sales index regarding the month of September, the index dropped on monthly basis by 1.8% reversing the prior incline of 4.3% as it came opposite to the expected 3.0% climb. On yearly basis Pending Home Sales also dropped by 24.9% widening the prior fall of 18.4%

U.S Non-Farm; a very cheerful, optimistic and promising surprise

U.S Non-Farm; a very cheerful, optimistic and promising surprise The U.S Labor Department released this morning its most waited report by the markets which is the Non-Farm Payrolls change during the month of October to report a remarkable improvement and impressive results. The report showed that the economy added 151 thousand jobs to reverse the prior job shedding of 41 thousand after

Canada building Permits

Canada building Permits The Canadian economy released this morning it building permits index regarding September where it climbed by 15.3% exceeding the expectations of 2.5% increase and reversing the prior decrease of 9.2% which is now revised to 9.5% decrease

U.S Non-Farm Payroll

U.S Non-Farm PayrollThe U.S economy released this morning its infamous Non-Farm Payroll report regarding October to show that the economy added 151 thousand jobs to it Non-Farm Payroll versus the unexpected prior shed of 95 thousand jobs which is now revised to a 41 thousand job shed, the actual reading exceeded the analysts' estimates at 60 thousand., and most importantly unemployment

Bank of Spain said the fourth largest economy in the 16-nation region will expand 0.2% in the second quarter,

Bank of Spain expects sharp spending cuts to provoke stagnation Bank of Spain said the fourth largest economy in the 16-nation region will expand 0.2% in the second quarter, similar to the first three month's growth. The bank expects the strongest spending cuts since at least 1980 would affect recovery path and cause stagnation, yet it mentioned that this recession is temporary till the end

German factory orders non-seasonally adjusted dropped 4.0% in September

German factory orders miss analysts forecasts German factory orders non-seasonally adjusted dropped 4.0% in September, below estimates of 0.4% rise, while the August's reading was revised upwards to 3.5% from 3.4%. The year on year seasonally adjusted reading plummeted to 14.0% compared with the revised 20.4% from the initial 20.3% and median forecasts of 19.0%

Canada's unemployment rate

Canada's unemployment rateThe Canadian economy released this morning data regarding the Labor Sector performance during October where the economy added only three thousand jobs which is was lower than the expected 15 thousand addition, yet is still reversed the prior shed of 6.6 thousand jobs. The Canadian Unemployment rate dropped fro 8.0% to reach 7.9% while analysts and investors expected

Such week needs such grand finishing in the U.S

Such week needs such grand finishing in the U.SThe U.S economy is about to end this hectic week which included both midterm elections, FOMC rate decision and the announcement of $600 Asset repurchase program with even a more hectic day which  includes Non-Farm payroll report, Pending Home Sales and consumer credit. Also the neighboring economy up north has a handful of figures due to be

Euro Area retail Sales

Euro Area Retail Sales Drop in September Euro Area retail Sales continued sluggish in September where the index dropped 0.2% opposed to the expected rise of 0.3%, nonetheless, still remains better than August's drop of 0.4%. On the year sales are higher by 1.1% from the previous 0.6% and below the expected 1.4% rise

Producer Prices in UK surged in October

U.K. Producer Prices Rise the Most in Six-Months Producer Prices in UK surged in October above market expectations where it increased at the fastest pace in nearly half a year, showing clear effects of rising oil prices around the world, a condition which forced ECB president Juan Claude Trichet to note during his press conference yesterday and signal that the inflation outlook have tilted

UK annual PPI output for October

UK annual PPI output for OctoberUK annual PPI output for October slipped to 4.0%, lower than both estimates and prior of 4.4%, where the initial was revised to 3.8%, while the monthly reading bounced to 0.6% from the prior 0.3% which was revised to 0.0% and expectations of 0.3%.PPI input retreated annually to 8.0%, yet higher than forecasts of 7.3% while the prior 9.5% was revised down to

The start of the week started calm, lack of fundamentals, investors’ preparing to the Fed

Busy week ends with a busy day in Europe The start of the week started calm, lack of fundamentals, investors’ preparing to the Fed, ECB and BOE rate decision alongside with labor data to be released from the US as the infamous jobs report seal a very interesting week in global economies. All three banks kept their dovish stand active and strongly in favor of economic growth, while investors

Ireland's finance ministry announced late yesterday new austerity plan which involves increasing savings

Ireland announces new budget plan,Trichet expects worries to decreaseIreland's finance ministry announced late yesterday new austerity plan which involves increasing savings and taxes to trim the high budget deficit, which is expected to reach 11.9% of GDP in 2010, and the cost of bailing out banks. The new plan includes gathering 6 billion pounds this year and 9 billion pounds over the

The Indonesian economy released today a statement concerning GDP

Indonesian GDP The Indonesian economy released today a statement concerning GDP during the third quarter; the index showed a growth of 5.80% compared to previous growth rate 6.30%. Where as expectations referred to a growth rate of 6.35%. On the other hand the annual GDP index in the third quarter showed a growth rate of 3.45% higher than the previous growth rate in the second quarter

OIL November5 , 2010 - Morning Report

FOREX TRADING - OIL November5 , 2010 - Morning ReportTechnical OILOilOil ReportMorning Report
oil05
Crude ascended yesterday to stabilize above 86.25 and it is currently heading towards 161.8% following the BC leg suggested in our harmonic pattern, where this correction is at $90.45 per barrel. If trading remains above 86.25 and maintains chances of a bullish intraday direction, where we

GOLD November5 , 2010 - Morning Report

FOREX TRADING - GOLD November5 , 2010 - Morning ReportRecommendation GOLDTechnical GOLDReport GOLDMorning Report
gold05
Stabilizing above 1372.00 proved the efficiency of the harmonic scenario of crab pattern, which we discussed several times during this week. Not only that but it succeeded in recording a new all-time high. Actually, there are overbought signs appearing on momentum

SILVER November5 , 2010 - Morning Report

FOREX TRADING - SILVER November5 , 2010 - Morning ReportRecommendation SILVERTechnical SILVERSilverMorning Report
The previous expected violent upside move took the metal towards the weekly technical objectives. Currently, areas of 28.20 are under microscope now to complete the IM formation-colored in blue-. As far trading remains above 26.15 the bullishness will continue, whilst some kind

GBPJPY November5 , 2010 - Morning Report

FOREX TRADING - GBPJPY November5 , 2010 - Morning Report
FOREX trading - gbpjpy november5 , 2010 - morning ReportRecommendation GBPJPYTechnical GBP/JPYGBP/JPY - GBP JPY - GBPJPYGreat british pound vs. japanese yen GBP / JPY Morning Report

Classically speaking, the pair is dominated by a bearish channel as seen on the provided daily chart but there are four technical factors that encourage

EURJPY November5 , 2010 - Morning Report

FOREX TRADING - EURJPY November5 , 2010 - Morning Report
FOREX trading - eurjpy november5 , 2010 - morning ReportRecommendation EURJPYTechnical EUR/JPYEUR/JPY - EUR JPY - EURJPYEuro vs. japanese yen (EUR / JPY) Morning Report

The pivotal areas around 114.70 are continuously under attack since yesterday, whilst the probability of forming an inverted head and shoulders pattern on the

EURGBP November5 , 2010 - Morning Report

FOREX TRADING - EURGBP November5 , 2010 - Morning ReportFOREX trading - eurgbp november5 , 2010 - morning ReportRecommendation EURGBPTechnical EUR/GBPEUR/GBP - EUR GBP - EURGBPEuro vs. great british pound (EUR / GBP)Morning Report

The pair was very close to yesterday's proposed technical objective at 0.8830 recording 0.8816, where we believe that the first internal wave of the IM

USDCAD November5 , 2010 - Morning Report

FOREX TRADING - USDCAD November5 , 2010 - Morning ReportUSD/CAD - USDCAD - USD CADRecommendation USDCADTechnical USDCADCanadian Dollar (CAD)Morning Report
CAD
The loonie stabilized within a narrow range since yesterday near the psychological barrier at 1.0000, while continuing to trade within the descending channel that organizes trading since the twenty seventh of last month. The

USDCHF November5 , 2010 - Morning Report

FOREX TRADING - USDCHF November5 , 2010 - Morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Morning Report
CHF
The pair was able to return within the key bearish trend after surpassing the retest downside channel at 0.9635; thus, insuring that the pair has stabilized at 0.9970 as temporary bullish movement. We think that the pair is

USDJPY November5 , 2010 - Morning Report

FOREX TRADING - USDJPY November5 , 2010 - Morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report
JPY
SMA 50 continues negatively pressuring the pair keeping in mind the breach of the pair’s minor support level for the upside channel at 80.85, thereby maintaining our previous expectations intact. We expect that the expected direction

GBPUSD November5 , 2010 - Morning Report

FOREX TRADING - GBPUSD November5 , 2010 - Morning ReportRecommendation GBPUSDTechnical GBP/USDGBP USD - gbp/usdGreat British Pound (GBP)Morning Report
GBP
The cable touched the minor upside channel’s resistance appearing in the image above, accompanied by negative signs appearing through momentum indicators; therefore, fluctuation might be witnessed and a minor bearish correction before

EURUSD November5 , 2010 - Morning Report

FOREX TRADING - EURUSD November5 , 2010 - Morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd EuroMorning Report
eur
The pair stabilized below key resistance at 1.4225 and above 1.4185 representing the meeting point of the retest level for the previously broken resistance level. This level also represents the neckline of a bearish technical pattern that will lead

Analisis de Indicadores Fundamentales para Europa 3/ 10/2010

Analisis de Indicadores Fundamentales para Europa 3/ 10/2010http://www.youtube.com/watch?v=tcnNywnpBGg

Forex Daily Outlook November 5, 2010 Video YouTube

Forex Daily Outlook November 5, 2010 Video YouTubehttp://www.youtube.com/watch?v=jPLEUn_uWeE

Mr. Shirakawa, governor of the Bank of Japan and his board members

BOJ to buy J-REITS, while it holds key overnight call rate between zero and 0.10% Mr. Shirakawa, governor of the Bank of Japan and his board members, decided today to keep the benchmark interest rate steady at the slowest level between zero and 0.10% for the month of November, exactly as it was forecasted, while the Bank will buy Japanese real estate investment trusts, to help stimulate the

The Reserve Bank of Australia released today

The RBA expects the Australian economy to accelerate next year The Reserve Bank of Australia released today its quarterly monetary policy report. The Bank raised its forecasts for economic growth will accelerate next year, as the economy showed clear sings of recovery recently, after the trade and mining investment rebounded. Further, the Australian dollar's gain to parity against the U.S.

Reduced surplus in the Australian Trade Balance

Reduced surplus in the Australian Trade BalanceAustralian economy announced today data on the trade balance during the month of September, where the actual reading showed a surplus of 1,760 million Australian dollars, where the expectations indicated a surplus value of 2,000 million Australian dollars, however the adjusted previous reading reflected a surplus of 2,446 million Australian

Australian Retail sales

Australian Retail salesReleased today by the Australian economy data on retail sales during the month of September where the seasonally adjusted reading showed an increase of 0.3%, compatible with the previous reading but less than the expected rise to 0.5%. As for the retail sales index, excluding inflation has shown an increase of 0.7% compared to the previous reading which was at 0.8%

Unemployment rate in New Zealand

Unemployment rate in New Zealand The New Zealand economy issued the unemployment rate for the quarter of July to September, where the index released with actual reading 6.4%, compared with a previous reading 6.8% in the second quarter, which was revised to 6.9%, while the anticipations referred to 6.7%.    Moreover, employment change (QoQ) in New Zealand rose 1.0% during the 3rd quarter,

FOMC announces $600 Billion QE through June and keeps rates unchanged

FOMC announces $600 Billion QE through June and keeps rates unchangedThe Federal Open Market Committee ended their two day rate decision meeting in Washington and released their statement to announce keeping interest rates unchanged at the historic low rate between 0.00% and 0.25%, while announcing an extension worth $600 Billion in asset purchasing to total $850 to $900 Billion through June

FOMC Rate Decision

FOMC Rate DecisionThe Federal Open Market Committee decided to keep its benchmark interest rate unchanged and low between 0.0% and 0.25% as what was already highly expected, knowing that the Feds still strongly believe that low rates will support the economy and help boost growth although the current recovery is still taking place at a slow and gradual pace and the labor market

The market is calm ahead of the announcement of the Fed meeting result where investors

Market steadies before FOMC meeting The market is calm ahead of the announcement of the Fed meeting result where investors are on hold till knowing the Fed's monetary action. Expectations are in favor of adding $500 billion stimulus to boost the economy, thus the size of the QE2 will affect movements in markets as the quantity will reflect the status of the economy. Meanwhile, refuges are

US ISM Non-Manf Composite for October rose to 54.3 from 53.2

US ISM Non-Manf Composite US ISM Non-Manf Composite for October rose to 54.3 from 53.2 while the market forecasted 53.5 while that Factory Orders for September climbed to 2.1%; better than the prior -0.5% and the predicted 1.6%

Forex News : ADP Employment Shows 43,000 Jobs Were Added, While Attention Now Turns to ISM, and FOMC

Forex News : ADP Employment Shows 43,000 Jobs Were Added, While Attention Now Turns to ISM, and FOMCU.S. markets are ahead of a very important day, where important fundamentals are scheduled to be released in addition to the highly anticipated FOMC rate decision, which will determine whether the Fed will undertake QE2, not to forget the victory of the Republican party over Democrats in

US ADP Employment Change

US ADP Employment ChangeThe ADP employment report was released today for the month of October, where the ADP employment report showed that U.S. private employers added 43,000 jobs, compared with the prior revised drop of 2,000 jobs back in September, and better than markets estimates of 20,000 added jobs

Services traces the footsteps of the manufacturing sector in easing pressure off the BoE to be in rush with regards to pumping further money to boost the economy

UK Services Bounce, Easing Pressure Further On Officials To Expand APF Services traces the footsteps of the manufacturing sector in easing pressure off the BoE to be in rush with regards to pumping further money to boost the economy. PMI Manufacturing index rose to 54.9 in October from the previous 53.4, while the services gauge surged to 53.2 from 52.8, beating estimates of 52.6. After the

Republicans retaliate with a broad takeover House of Representatives while Democrats keeps their Senate majority in the midterm elections

Republicans retaliate with a broad takeover House of Representatives while Democrats keeps their Senate majority in the midterm elections The midterm elections surely reflected the public American dismay over the state of the economy, which was a key stress point for Republicans during the campaign. It surely did them well as Republicans emerged victorious with extended gains sweeping the

UK Services Sector Continues the Expansion

UK Services Sector Continues the ExpansionThe United Kingdom continues the stream of mixed reports ahead of the awaited BoE decision, which for now is being more confirmed to be for a steady APF this month as policy makers by time. According to October's PMI Services, the sector which accounts for nearly 75% of the economy continues to grow, where the index inclined to 53.2 from 52.8 and

Forex News : Swiss retail sales rise in September

 Forex News : Swiss retail sales rise in SeptemberSwiss retail sales climbed annually to 3.8% in September compared with the prior reading of 0.5%

OIL November 3 , 2010 - Morning Report

FOREX TRADING - OIL November 3 , 2010 - Morning Report Technical OIL Oil Oil Report Morning Report
oil03
Yesterday’s expectations have been achieved close to perfection, where crude was able to resume closing above 84.20; thereby increasing expectations of witnessing the bullish trend continuing towards the first suggested target for the harmonic pattern at 86.25, shown in the image