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Pick of the Day: EURUSD

posted by fxhottie 929 days ago in USD, EUR, Technical made popular 929 days ago

Good evening Forex friends! There's a nice little trend retracement setup in EURUSD that may be a new opportunity to jump in the recent US Dollar sell off. What will push the EURUSD trend higher continue?

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Slow and Painful, Joblessness Could Rise to 13 Percent

posted by AnnaMata 929 days ago in USD, Employment made popular 929 days ago

“This is going to be the mother of all jobless recoveries,” said Gluskin Sheff & Associates’ David Rosenberg today in an interview. Noting that at the beginning of the year very few anticipated 10 percent unemployment, he now expects a “post-Worl

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Pick of the Day: EURUSD

posted by fxhottie 999 days ago in USD, EUR, Technical made popular 999 days ago

Welcome to another week of exciting Forex trading action! Well, it hasn't been too exciting during the summer, but this week may bring some crazy volatility with so much data coming up. Time to grab some quick pips?

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US GDP - Round 2

posted by supertrader 1005 days ago in USD, Fundamental, GDP

Consumer spending picked up pace by 0.4% in June, propelled by higher gasoline prices and increased purchases of nondurable goods. With consumer activity making up more than two-thirds of the US economy, could we see a boost in GDP figures?

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Short GBP/USD

posted by supertrader 1215 days ago in USD, GBP, Technical made popular 1215 days ago

What's up Forex Fanatics! Got a simple technical setup on Cable forming that may be another excellent opportunity to short the British Pound against the US Dollar...let's check it out!

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Short EUR/JPY

posted by supertrader 1216 days ago in EUR, JPY, Technical made popular 1216 days ago

Good Afternoon! Today the Euro rallied across the major currencies, bringing EUR/JPY up as high 118.00. This has created a couple of simple technical setups for a short trade. Will sellers dominate once again?

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Swiss Franc Sinks Against Majors After Money Supply Report

posted by supertrader 1375 days ago in CHF, Fundamental made popular 1375 days ago

The Swiss franc dropped versus its major counterparts on Wednesday in New York, including hitting a fresh multi-month low against the greenback. Investors considered a report showing Swiss money supply grew at a slower pace in July.

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Canadian Dollar Erases Declines as Crude Gains on Inventorie

posted by supertrader 1375 days ago in CAD, Oil made popular 1375 days ago

Canada's dollar erased losses after a report on gasoline inventories boosted oil prices.

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Chart of the Day - 8/20/2008 - EUR/USD

posted by jameschen 1375 days ago in USD, EUR, Technical made popular 1375 days ago

In what amounts to a continuing low-volatility consolidation in the major pairs, EUR/USD (an hourly chart of which is shown) has formed a short-term parallel downtrend channel

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Buy Won, Rupiah, Rupee on Cheaper Oil, RBS Advises

posted by JayP 1375 days ago in Daily, Oil made popular 1375 days ago

Investors should buy the Korean won, Indonesian rupiah and Indian rupee because the currencies will benefit from the drop in crude oil prices, according to the Royal Bank of Scotland Group Plc.

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Sterling Uncertain Versus Other Majors Wednesday Morning

posted by pippinallnite 1375 days ago in GBP, Fundamental, GDP made popular 1375 days ago

The sterling barely budged versus most other majors currencies Wednesday morning in New York as traders digested a slew of economic data from the UK.

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Gold Extend Gains on Speculation Dollar Rally May Stall

posted by pippinallnite 1375 days ago in USD, Gold, Metals made popular 1375 days ago

Gold rose for the third straight day on speculation the dollar's rally against the euro may stall, boosting the appeal of the precious metal as an alternative investment. Silver also gained.

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