Forex Signals

By TaipanPublishingGroup.com

Over the past few weeks, we’ve seen just how volatile the financial market can be… Huge swings, like when the Dow dropped more than 672 points in 2 1/2 weeks, can throw a wrench in even the best-laid investment plans.
You’ve heard us time and time again tell you to prepare an exit strategy before [...]

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. [...]

EUR/USD – Weekly Analysis 22/5/11
Last week the EUR/USD bulls pushed price higher until a decisive 214 pip drop came on Friday and eclipsed most of the week’s gains.
Fridays drop has formed a BEB (bearish engulfing bar) which would typically have my attention, with a view to trading short, but the proximity with the highlighted swing [...]

Yesterday’s FOMC meeting and ensuing press conference was essentially more of the same, though the new theater surrounding the announcement seemed to do more to distract from the policy statement than anything.
As expected, the Fed left rates unchanged and committed to leaving rates low for an “extended” period. So the markets took this as a [...]

The volatility of the last couple weeks has manifested itself in some unbelievable outcomes. In this post, I want to focus specifically on the Australian Dollar. When the Japanese disasters struck, the Aussie immediately tanked, as investors jettisoned risk and moved towards safe haven currencies. Only days later, it inexplicably rose 5%, en route to [...]

The US dollar posted slight gains on Tuesday versus its major counterpart currencies as investors got a bit optimistic about the single currency on expectations of increase in key interest rates by European Central Bank.
The dollar index DXY which measures the US dollar’s performance versus its six major rival currencies gained [...]

Overshoot of franc would threaten existence of basically sound countries

Not sure what they can do about it, however, seeing as they are saddled with massive losses on their failed intervention.
The SNB remains a rumored buyer of USD/CHF on dips around 0.9400, most likely legging out of some of the EUR/CHF it bought during its “quantitative [...]

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 [...]

Quote of the day: “You cannot depend on your eyes when your imagination is out of focus.” – Mark Twain

EURUSD
Trading strategy: looking to sell on pullback to 1.3250, stop at 1.3310 (0.5% risk), 1st objective at 1.3200, 2nd objective at 1.3100
Good morning. Euro’s weakness persists as the single currency has lost 2 big figures yesterday, currently [...]

Quote of the day: The best way to keep loyalty in a man’s heart is to keep money in his purse. – Irish proverb
EURUSD
Trading strategy: looking to buy at 1.3700, stop at 1.3630, 1st objective at 1.3750, 2nd objective at 1.3850
The euro rose across the board after Ireland, IMF and the EU have agreed a financial [...]