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GBPUSD: Journey To The 1.5521 Level Remains On Course

posted by Avatar forexben 766 days ago in USD, Technical, Daily made popular 766 days ago

GBPUSD: The pair remains on the offensive closing higher on Tuesday and preserving a bid tone today. This development continues to suggest a further push higher towards the 1.5521 level, its April 15’10 high.This is coming on the back of a revers read more
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Euro Facing a Crisis?

posted by Avatar forexben 766 days ago in USD, Fundamental, Daily made popular 766 days ago

Uncertainty surrounding Greece and the Euro-zone structural vulnerability will continue to unsettle the Euro with the persistent lack of confidence making it very difficult for the currency to secure a sustained rally. read more
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USD Mixed, Greek Debt Worries, UK Labor Market Improves

posted by Avatar forexben 766 days ago in USD, Technical, Daily

The USD is trading mixed firming versus the EUR as Greek/German 10 year bond spread widens to a 12 year high and doubts persist over Greek aid, Greek aid talks begin today, the talks could last two weeks, GBP outperforms supported by report of a read more
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When Brazil Joins the Discussion, then It Must Be ...

posted by Avatar forexben 766 days ago in USD, Fundamental, Daily made popular 766 days ago

Greece started talks with EU and International Monetary Fund officials on Wednesday to hammer out details of an economic plan that could offer the euro zone member 40-45 billion euros to exit a debt crisis. (Reuters) read more
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USD/JPY: Correction May be Complete

posted by Avatar forexben 767 days ago in USD, Technical, Daily made popular 767 days ago

Daily and 4H: The USD/JPY is very likely at the beginning of a intermediate to long-term rally. The March rally was corrected 50% so far before a couple of strong bullish days followed, suggesting the completion of the correction decline. The 4H read more
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Hawkish Central Banks Prop up CAD and AUD

posted by Avatar forexben 767 days ago in USD, Fundamental, Daily

The chase for higher-yielding currencies benefited the Australian and Canadian dollars as both respective central banks sounded hawkish tones and laying the groundwork for quantitative tightening in the months ahead. read more
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LovingForex Signals - Apr-20, 2010 - 3:00 PM GMT

posted by Avatar forexben 767 days ago in USD, EUR, JPY

Free Signals EUR/USD Member Signals EUR/USD Updated at: Apr-20, 2010 - 3:00 PM (GMT) Sell around 1.3460 (+/- 5 pips). TP LV1 +30 pips LV2 +50 pips. Set SL -40 pips. read more
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BOC May Signal Rates Will Soon Begin To Rise

posted by Avatar forexben 768 days ago in USD, Fundamental, Daily made popular 768 days ago

The Bank of Canada (BOC) will hold a policy meeting on Tuesday, April 20th. At the March policy meeting the BOC left interest rates unchanged at a record low 0.25% and said that inflation and economic growth had been higher than expected. read more
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Foreign Exchange Market Commentary

posted by Avatar forexben 768 days ago in USD, Technical, Daily made popular 768 days ago

EUR/USD closed higher due to short covering on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. read more
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US Government Dishes up an Exogenous Shock

posted by Avatar forexben 769 days ago in USD, Fundamental, Daily made popular 769 days ago

The rally in risk derailed suddenly today as the SEC charged Goldman Sachs with fraud. The SEC charges essentially that hedge fund legend John Paulson was allowed to piece together the most miserable toxic mortgage paper he could find and then so read more
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EURJPY: Poised To Retarget The 123.41 Level

posted by Avatar forexben 769 days ago in USD, Technical, Daily

EURJPY- The challenge on the 125.19/22 levels, its Mar 12'10/ Feb 22'10 highs highlighted in our earlier analysis in the morning has yielded to bear pressure as the cross followed through lower on its Thursday gains today. With that said, our foc read more
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EURUSD: Bear Pressure Set For The 1.3537/1.3498 Levels

posted by Avatar forexben 772 days ago in USD, Technical, Daily made popular 772 days ago

EURUSD: Having failed to build on its Wednesday gains in early trading today, EUR is now seen wiping out most of Tuesday and Wednesday gains. The bears are set to push the pair further lower towards its April 05’10 high at 1.3537 and the 1.3498 l read more