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Chart of the Day - 7/08/2008 - EUR/GBP
Price action on the EUR/GBP daily chart, as shown, has been consolidating in a well-defined symmetrical triangle formation for at least three months now.
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USD/CAD at the Crossroads
Looking at USD/CAD, we can see a major bullish SMA crossover on the daily (50 SMA crossing 200 SMA). Price is trading within a major symmetrical triangle, and the minor symmetrical triangle within it provides near resistance to the upside. Moment 5
NZD/USD Symmetrical Triangle
Looking at the daily NZD/USD we can see pressure building along the lower trend line of the symmetrical triangle -beneath we have support at the double bottom in the 0.7369 area - adding to the bear case we are trading below the 200 period SMA an 6
Euro Heads for Weekly Loss as Economy May Rule Out Rate Rise
The euro headed for a weekly decline against the dollar on speculation a worsening European economic outlook will rule out future interest-rate increases. 7
Euro-Yen and Pound-Dollar Currency Outlook for the Week
EURJPY: Daily outlook is still flat with oscillators moving lower as Stochastic crossed; 38.2 Fibonacci support proves strong and bears will continue to try to break below to bring towards 30 June low of 166.GBPUSD: Daily outlook on the downsid
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Canadian Dollar Falls as Price of Oil Decline
Canada's dollar fell for a third day, its longest losing streak in almost a month, after the price of crude oil dropped. 7
German Industrial Production Surprisingly Declines in May
Indicating an economic slowdown in the Eurozone, industrial production in Germany fell unexpectedly in May. 6
Korea, India, Vietnam Currency Interventions May Fail
South Korea, India and Vietnam will fail to halt declines in their currencies by using intervention because their economies are slowing and trade deficits widening, said Morgan Stanley, the second-biggest U.S. securities firm. 
