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Euro Surges on Better Economic Indicators

posted by topforexnews 1094 days ago in USD, EUR, Fundamental made popular 1094 days ago

EUR/USD posted a sharp gain today after declining for three days in a row as the markets gained on the better fundamental conditions.

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BoE to spend 150 bln stg on Q/E plan, rates flat

posted by chloegurl 1094 days ago in EUR, Fundamental made popular 1094 days ago

The Bank of England is expected to spend the full 150 billion pounds permitted by the government on asset purchases and the plan will prove successful in resuscitating the economy, a Reuters poll found.

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European economic confidence up for second month

posted by keiragabe 1094 days ago in EUR, Fundamental made popular 1094 days ago

Confidence in the economy in the 16 countries that use the euro picked up for the second month running in May, official figures showed Thursday, stoking further hopes that the worst of the recession has passed.

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USD/CHF - Consolidating at Confluence of Support

posted by jameschen 1094 days ago in USD, CHF, Technical made popular 1094 days ago

Price action on USD/CHF, a daily chart of which is shown, has consolidated right at a key support confluence area. This support region includes a long-term uptrend support line extending from the March 2008 low, as well as a key support/resistanc

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Pick of the Day: EUR/USD

posted by MarcB 1145 days ago in USD, EUR, Technical made popular 1143 days ago

Good morning! It's been a hot minute since I've posted on here, but with risk aversion returning to the markets and a nice, simple technical setup forming on EUR/USD I think I'll jump back in!

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EUR/JPY

posted by MarcB 1153 days ago in EUR, JPY, Technical made popular 1153 days ago

Good Evening! I may have been a bit early on my short idea last time, but I think today's retracement higher in EUR/JPY is giving me another opportunity to short again. Ch-ch-ch-check it!

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Cross-Eyeing: EUR/JPY

posted by MarcB 1166 days ago in EUR, JPY, Technical made popular 1166 days ago

Good evening ladies and gents! I took a break for a hot minute to cool down, but now I'm back and it looks like EUR/JPY is giving us a ridiculously simple resistance play on the daily chart. Let's check it!

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Pick of the Day: GBP/USD

posted by MarcB 1201 days ago in USD, GBP, Technical made popular 1201 days ago

Good afternoon! Big moves in the markets today as traders go into "risk aversion" mode. US Treasury Secretary Geithner announced details of the plan to hopefully stimulate lending by banks, but market players weren't too impressed and showed thei

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Short EUR/CAD

posted by MarcB 1208 days ago in EUR, CAD, Technical made popular 1206 days ago

Good Evening! I don't usually post up ideas on EUR/CAD, but tonight's chart is one I couldn't pass up! Will the technical setup play out and the pair swing back lower? Let's check it out!

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Short AUD/USD

posted by MarcB 1208 days ago in USD, AUD, Technical made popular 1208 days ago

Greetings! It looks like another volatile week ahead of us in currencies, and with the boost higher to the Aussie after the RBA rate cut earlier today there may be another opportunity to play the longer term downtrend.

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The Dow Points Lower - Look for USD/JPY Breakdown

posted by MarcB 1208 days ago in USD, JPY, Technical made popular 1208 days ago

The Dow and USD/JPY are correlated charts. As the Dow weakens the USD/JPY moves lower. It's a sympathetic relationship. So this morning as I see the falling wedge pattern on the Dow, I expect lower lows, especially after yesterday's break of 8,00

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Euro Declines Against Dollar as Trichet Signals More Rate Cu

posted by MarcB 1227 days ago in USD, EUR, Fundamental made popular 1227 days ago

The euro declined against the dollar after European Central Bank President Jean-Claude Trichet signaled policy makers aren’t finished cutting interest rates to counter the economic slump.

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