Forex Signals

The safest way to double your money is to fold it over and put it in your pocket. ~ Kin Hubbard Good morning. Euro holds onto gains fairly well and managed to recover after dropping to as low as $1.2953 yesterday, which turned out to be a corrective move. Dollar continues to push on support around [...]

Quote of the day: “I believe that banking institutions are more dangerous to our liberties than standing armies.” ~ Thomas Jefferson Good morning. The euro continued to decline, reaching a session low at $1.3608 before rallying on rumors that Greek referendum will be canceled. Fed’s Bernanke speech and the FOMC rate decision are today’s key events of [...]

The US Federal Open Market Committee (FOMC) held the fed funds rate unchanged at 0 to 0.25 percent, and announced a refocus of its quantitative easing program (the so-called 'twist').  The Fed announced: "The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and [...]

Quote of the day: “If you know how to spend less than you get, you have the philosopher’s stone.” ~ Benjamin Franklin Good morning. Big day ahead for financial markets as all eyes are on Fed chairman Ben Bernanke – everyone wondering whether more quantitative easing will be announced or what rabbit can Bernanke pull out [...]

The US Federal Open Market Committee (FOMC) held the fed funds rate unchanged at 0 to 0.25 percent, and made no changes in regards to its completed quantitative easing programs.  The Fed noted: “The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant [...]

Quote of the day: “Everything that irritates us about others can lead us to an understanding of ourselves.” – Carl Jung
EURUSD – 1.4404 @07:05 GMT
Good morning. Last week’s top side is in focus now that the EUR managed to recover most of its recent losses, so keep an eye on 1.4450/75 if it gets there. [...]

Going on hold would give FOMC time to reassess
May keep rates near zero while on hold
Hold may keep “extended period” phrase intact
Confident US can weather oil shock without slowdown
Financial conditions have eased considerably

On hold near zero ain’t the greatest thing every to happen to the dollar…beats more QE though…

Quote of the day: “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” – Theodore Roosevelt
EURUSD – 1.3571 @07:55 GMT
Good morning. The dollar is weaker against the EUR today after the FOMC [...]

Quote of the day: “Whenever you find that you are on the side of the majority, it is time to reform.” – Mark Twain
EURUSD – 1.3545 @07:58 GMT
Trading strategy: standing aside
Good morning. I exited my short EURUSD position for a loss as the pair returned to 1.3550/60 where it is testing resistance at time of [...]

Quote of the day: “Long run is a misleading guide to current affairs. In the long run we are all dead.” – John Maynard Keynes

EURUSD – 1.3690 @06:28 GMT
Trading strategy: standing aside
Good morning. The euro maintains a bullish stance, trading near 1.37 against the US dollar at time of writing – ahead of today’s FOMC [...]