EUR: Short vs. Long Term Bottom
For the third trading day in a row, the euro has bounced against the U.S. dollar, leaving many traders to wonder whether the single currency has finally hit a bottom. After falling to a low of 1.2143 on Wednesday, the EUR/USD which rose to a hig
Euro Rangebound But Pressure Persists
A mild risk rally in Asian session spurred by a 3% gain in the Shanghai index quickly evaporated by the time European dealing began with EUR/USD falling through short term support at 1.2450 by mid morning trade. Risk FX rallied into the Asian c
Forex Daily Outlook – May 24 2010
In the US a rise in the Existing Home Sales, and Sandra Pianalts (US) and Speaks at the Ohio Northern University, in Great Britain Adam Posen speeches are affecting the nation’s key interest rates. Let’s see the other interesting news up for toda
Forex signals 50 pips daily !
Daily Signals - Friday, 21 May- 2010 6 : 50 AMEUR/USD
Trend: Downward
Sell EUR/USD at 1.2556 SL 1.2596 TP 1.2526
GBP/USD
Trend: Downward
Sell GBP/USD at 1.4406 SL 1.4446 TP 1.4376
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
SPOT GOLD closed @ 11830 which was BELOW the open and breached the previous day's low. The High was 0.5 Dollars from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish but Ove
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
EURJPY closed @ 11200 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 135 pips from Precise Trader's Sup Zone 10. The Hourly Oscillators are Turning Bullis
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
USDCHF closed @ 11505 which was UNCHANGED from the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and
EUR/USD Daily Review 20 May 10
Is the US next?
EUR/USD: Did The ECB Intervene?
The euro staged its strongest rally against the U.S. dollar since the beginning of the year. There was no major Eurozone economic data released today and so the move was largely credited to intervention. In yesterday’s daily report, we talked a
Is Aussie a Bargain?
While the focus in FX has been steadfastly fixed on the euro, the biggest decliner over the past several days has actually been the Aussie. The Australian dollar has plunged a remarkable 550 points since the start of the week hitting a low of .8
Can Euro Rebound to 1.2500?
The euro continued its recovery in overnight Asian and early European trade making several forays into the 1.2400 area as short covering and rumors of a possible ECB intervention propped up the unit. A strong recovery in European equities which
FXTimes: EUR/USD: Bottom Pickers Go Away!
Here we go again. The EUR/USD is still in an intact bearish attempt since mid-April. Instances of minor corrections may have given bottom pickers hope. But if you don’t recognize the signs that tell you to go away, you will burn a hole through yo


