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ForexLive: GBP/USD Looks To Extend Higher

posted by Avatar ejc 2 days ago in GBP, Technical, Daily made popular 2 days ago

The GBPUSD has been trading predominantly between the 1.5673 and 1.5700 level. The price is looking to extend the upside with the next targets at 1.57167 and 1.57415 (38.2 and 50% retracements). The 1.57415 was a floor area from earlier in the w  read more
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Facebook tries to Regroup as Wall Street Ekes Out Mixed Resu

posted by Avatar eToro 2 days ago in USD, Fundamental, Daily made popular 2 days ago

On Wednesday, Wall Street had looked as though it would continue its losing streak but managed to eke out a couple of gains at the closing bell, leaving traders to believe that there may still be some life left yet. At the end of trading, only th  read more
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EUR/GBP Forecast May 24, 2012, Technical Analysis

posted by Avatar FXEmpire 3 days ago in EUR, GBP, Technical made popular 3 days ago

The EUR/GBP pair fell during the session on Wednesday in order to touch the 0.80 level again. The pair then bounced a bit, essentially to form a doji for the day. The pair likes to grind sideways, and it looks as if we could be getting ready to d  read more
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Gold Fundamental Analysis May 24, 2012, Forecast

posted by Avatar FXEmpire 3 days ago in Fundamental, Daily, Gold made popular 3 days ago

Analysis and Recommendations:

Gold plummeted today, dropping by 37.25 to change hands at 1539.35.

Gold retreated for a secon...  read more
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Crude Oil Fundamental Analysis May 24, 2012, Forecast

posted by Avatar FXEmpire 3 days ago in Fundamental, Daily, Oil made popular 3 days ago

Analysis and Recommendations:

Crude Oil continues to decline falling by over 1.17 today to trade at 90.69.

Oil declined for a second day in New York after Iran agreed to grant access to United Nations nuclear inspectors and U.S. crude stock  read more
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AUD/USD Fundamental Analysis May 24, 2012 Forecast

posted by Avatar FXEmpire 3 days ago in USD, AUD, Fundamental made popular 3 days ago

Analysis and Recommendation: (close of Asian session)

The AUD/USD continues to fall, trading at 0.9771 as Asian markets close for the day.

The risk aversion mode of the markets continues to push the USD to dominate all of its trading partne  read more
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Malaysia-Market factors to watch May 24

posted by Avatar twilight 3 days ago in all made popular 3 days ago

... domestic demand firm > Rubber demand seen punctured by euro zone, China woes this year > Malaysia's Q1 C/A surplus fell to 18.1 bln rgt from Q4 22.4 bln rgt > TABLE-Malaysia's Q1 GDP grows 4.7 pct on year > Malaysia's Q1 GDP up 4.7 pct on year, ...  read more
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Oil & Copper Drop on Europe, Coffee Falls on Rising Supply

posted by Avatar commodityblog 3 days ago in Oil, Agriculture, Metals made popular 3 days ago

Commodities, including oil and copper, fell today on fears that Greece would exit the eurozone. Coffee was under pressure on prospects for higher output from Brazil and Colombia.  read more
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NZD/USD edges higher on mild profit taking

posted by Avatar dennis 3 days ago in NZD made popular 3 days ago

Dealers report some modest demand for NZD/USD this morning and that is washing over into the AUD/USD and EUR/USD, which are edging higher alongside. There is some modest resistance nearby in the NZD/USD at .7525 and initial support is at the overnight ...  read more
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Forex order entry can be tricky, here's a live video of...

posted by Avatar EJSuratos 3 days ago in Special made popular 3 days ago

All the charthacking in the world - without the proper order entry plan - is never going to make any of your trading plans an actionable reality. And yet, it's often the order entry aspect of an entry or management that remains UNdiscussed.  read more
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EUR/USD Technical Outlook – May 23rd

posted by Avatar forexalliancecom 3 days ago in EUR, Technical, Daily made popular 3 days ago

The euro has now broken through the 2012 low of 1.2627, trading at 1.2581 in the New York afternoon. The penetration of the yearly low now completes the triple top formation, indicative of a potential bout of consolidation ahead of the 1.2550 fi  read more
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BoE Split On QE; Miles Calls For More Stimulus, Minutes Show

posted by Avatar tradingpip 3 days ago in USD, GBP, CAD made popular 3 days ago

David Miles was the sole member of the Bank of England's Monetary Policy Committee to seek more stimulus for the economy at the May meeting, although many members felt that the decision not to beef up the quantitative easing was 'finely ...  read more