Forex Signals

GBPUSD failed to break above 1.5779 resistance, and pulled back from 1.5768 yesterday, suggesting that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway. Deeper decline to 1.5500 area to reach next cycle bottom is expected. Key resistance remains at 1.5779, only break above this level could trigger another rise towards 1.6500.

Forex [...]

Having presented a unified front through much of the ongoing European debt crisis, the recent intervention by the European Central Bank in the sovereign bond markets has led to a major disagreement between France and Germany. In a nutshell, France wants to see the ECB do more to keep the lid on bond yields, while [...]

Much has been made about the tight range-bound activity we have been seeing since the start of the month, but is that all about to change?  Due to the Euro debt crisis and the subsequent bailout deal, there has been a lot of uncertainty surrounding the shared currency.  On top of all of this, the [...]

GBPUSD failed to break above the downtrend line on 4-hour chart, and continues its downward movement from 1.6453. Further fall could be expected in a couple of days, and next target would be at 1.5600 area. Key resistance is now at 1.5868, only break above this level could indicate that the fall from 1.6453 is [...]

The EURUSD has fallen away from it’s potential bullish flag break at 1.4500 and is currently sitting at a junction where it could likely reverse or break.
A potential reverse could see the EURUSD reach previous support (now new resistance) at 1.4000, or break from the bullish flag and reach the base of the flag, being [...]

Quote of the day: “The best way to destroy the capitalist system is to debauch the currency.” – Vladimir Lenin
EURUSD – 1.4282 @07:05 GMT
Good morning, everyone. We are one day closer to ECB’s rate decision and the euro is climbing higher as the dollar is losing ground across the board except USDJPY. Speaking of dollar’s [...]

The tax break for municipal-bond investors, a cornerstone of the $2.9 trillion market for bonds sold by cities and states, is under fire in Washington.
The latest assault came Tuesday in the Senate when Ron Wyden (D., Ore) and Dan Coats (R., Ind.) proposed a bill preventing municipal borrowers from issuing tax-exempt bonds. Municipal-bond buyers would [...]

Price action on AUD/USD (a daily chart of which is shown) as of Wednesday (3/16/2011) has dropped down to approach its key support target in the 0.9800 price region before rebounding. This occurs on a breakdown below a triangle consolidation pattern extending from the long-term 1.0250 high. For more technical analysis on this currency pair, [...]

Price action on USD/JPY (a daily chart of which is shown) as of Tuesday (3/15/2011) has dropped substantially to breakdown decisively below a triangle consolidation pattern that has been in place since the 80.20 area low, which represents the 15-year low that was hit on the last day of October 2010. Price is currently very [...]

WASHINGTON (CNN) — Talks aimed at averting a work stoppage in the National Football League broke down Friday, with the players’ union declaring it is decertifying itself in a move expected to launch a lengthy legal battle with owners.
Failure to reach a new collective bargaining agreement means the players will likely sue the NFL owners [...]