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New opportunity to jump in the Cable downtrend?

posted by Avatar fxhottie 725 days ago in USD, GBP, Technical made popular 725 days ago

Good afternoon fellow Forex fanatics! I'm back after a short vacation and ready to grab some pips. It looks like Cable is giving me the best opportunity at the moment with a nice technical setup. Let's take a look!  read more
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Aussie Dollar Slides as Central Bank Keeps Rate Unchanged

posted by Avatar MarcB 844 days ago in AUD, Fundamental made popular 844 days ago

The Australian dollar slid after the nation’s central bank unexpectedly paused in raising interest rates, spurring demand for other higher-yielding currencies such as the Norwegian krone and South African rand.  read more
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October Jobs Fest - Time to celebrate?

posted by Avatar MarcB 933 days ago in USD, Fundamental, Employment made popular 933 days ago

This Friday, we'll be getting another dose of unemployment data as the Non-farm Payroll report is on deck. Unemployment in the US is seen to hit 9.9% in October, with 173,000 net jobs lost in the month. If forecast holds, it would be the first ti  read more
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Breakout time for USDCAD?

posted by Avatar fxhottie 936 days ago in USD, Technical made popular 936 days ago

Good morning Forex friends! For this week, I am watching USDCAD for a potential breakout on a classic chart pattern setup. Are currencies ready to move with all the major data coming out this week?  read more
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BOC: "The worst is over"... Or is it?

posted by Avatar MarcB 1037 days ago in CAD, Fundamental, GDP made popular 1037 days ago

The Bank of Canada believes that the recession is ending. Spot-on assessment or wishful thinking?  read more
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EURJPY - Trendline break lower

posted by Avatar MarcB 1040 days ago in EUR, JPY, Technical made popular 1040 days ago

Are we seeing a shift in EURJPY? We may be as the pair has broken a rising trendline on the one hour chart. Is this a false breakout or a sign that the pair will move lower?  read more
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AUDUSD - Trendline Reversal?

posted by Avatar eddie 1047 days ago in USD, AUD, Technical made popular 1047 days ago

G'day Mates! There are bearish signals all over the AUDUSD pair on today's four hour chart. Time to trade in some Australian Dollars for Greenbacks??  read more
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Pick of the Day: USDJPY

posted by Avatar MarcB 1061 days ago in USD, JPY, Technical made popular 1061 days ago

Greetings! Here's a trade idea that I may take for this holiday shorted week here in the US. It's a technical setup on USDJPY that marries up with my longer term views on fundamentals. Peep this!  read more
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cross-Eyeing: EUR/JPY

posted by Avatar MarcB 1068 days ago in EUR, JPY, Technical made popular 1068 days ago

Good morning! My long orders at 132.00 were triggered, and it appears that was the major support area for the day as traders jumped in long around 131.50 - 132.00. The pair has been pushed up to my first profit target at 134.00,  read more
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Initial jobless claims fall to 623,000

posted by Avatar jobseeker 1094 days ago in USD, Employment made popular 1094 days ago

The number of new layoffs declined by 13,000 to 623,000 last week, while the number of people collecting state unemployment benefits rose by 110,000 to a record 6.79 million the week earlier, the Labor Department reported Thursday.  read more
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Oil extends gains after inventories data

posted by Avatar PipChecker 1094 days ago in Oil made popular 1094 days ago

Crude-oil futures extended gains Thursday after government data showed a surprise drop in last week's crude inventories.  read more
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EUR/USD: EU gets a boost from better than expected data

posted by Avatar czarinacleopatra 1094 days ago in USD, EUR, Technical made popular 1094 days ago

The EU got a boost after German unemployment change data came out better than expected. In addition, core durable good orders and unemployment claims data out of the U.S. came out better than expected.  read more