Forex Signals

Price action on EUR/USD, a daily chart of which is shown, has displayed a strong bearishness in line with the overall prevailing downtrend, establishing a new 10-month low in the process and confirming a downtrend continuation. After the key 1.3800 resistance was tested and respected several times last week, price broke down below a well-formed [...]

Source: Forex Yard
The EU economic summit will likely be the focus today, as the final Greek rescue plan is expected to be delivered today. A satisfactory plan may provide the much needed push to the EUR which was plagued by the debt issues in the region.
Economic News
USD – USD at [...]

Over the last few weeks, the stock market rally has fizzled and commodities prices have cooled off. It’s not clear what triggered this sudden surge in introspection (I would call it reasonableness). Regardless, the markets are now wondering out loud whether the optimism of the second quarter wasn’t a bit naive.
After all, there still isn’t [...]

Price action on USD/JPY as of Thursday (3/25/2010) morning New York session retraced somewhat after the substantial bullish move from Wednesday, but continues to carry a bullish bias. After having broken out above the 92.00 region resistance, the next key upside target resides around the 93.75 price region. With Wednesday’s move and a potential continuation [...]

By Russell Glaser – A triangle pattern has formed on the daily chart for spot gold. Traders may be able to take advantage of this pattern by trading in a predictable price range in anticipation for the breakout in spot gold prices.
The lower line of the triangle begins at the start [...]

Price action on GBP/USD, a daily chart of which is shown, has broken down cleanly below both the key 1.5000 price region and a short-term uptrend support line extending from the early March low. This occurs within the context of a strong downtrend in the pair. As of Thursday (3/25/2010) morning New York session, price [...]

Forex Market Review by Finexo.com
Past Events
• USD Unemployment Claims, out at 442K versus expected 452K, prior 456K (revised)
• USD Fed Chair Ben Bernanke Testified
• GBP Retail Sales, out at 2.1% versus expected 0.8%, prior -3.0% (revised)
• EUR EU Economic Summit, Day One
Upcoming Events
• EUR EU Economic Summit Day Two
Market Commentary
In the US first time jobless [...]

“Mrs Watanabe, the market’s metaphor for Japan’s housewife yen speculators, has come back to life.” In other words, the Yen carry trade is back. Precise data remains elusive, as always, but several recent papers/articles have nonetheless succeeded in bringing some clarity to this growing, but murky, type of trading strategy. According to one source, “Monthly [...]

It seems from what has come across my desk over the last month or two that the easiest way to make money out of the forex market is to sell an ebook or DVD course catered to forex traders (i.e. the forex market).
One such forex course that came across my desk not too long ago [...]

Price action on GBP/USD as of Friday (3/26/2010) morning New York session has rebounded after having closely approached strong support just below 1.4800. This occurs within a strong downtrend and after price broke cleanly below the key 1.5000 price region and a short-term uptrend support line extending from the early March long-term low. Any strong [...]