Forex Signals

Price action on USD/CHF (a 4-hour chart of which is shown) as of Wednesday (1/26/2011) has dropped down to establish support at the 0.9400 price region. This occurs after price action formed a rough head-and-shoulders reversal pattern with its head at the 0.9780 high, which was also the 61.8% Fibonacci retracement of the prior major [...]

In the last two weeks, the Swiss Franc rose to record highs against not one, but two major currencies: the US Dollar and the Euro. The Franc is now entrenched well above parity against the former, and is closing in on the magical level of 1:1 against the latter. With market uncertainty projected to run [...]

There is reason for markets to have doubts
Govt’ has to show it can control debts deficits
Spreads rising on risk of public finances
Financial system solid

Sounds like Costa, the head of the central bank, is as wary of Portugal as the rest of us…
EUR/USD trades at 1.3720.

In the year-to-date, the Swiss Franc has risen 3% against the Dollar, 15% against the Euro, and more than 5% on a trade-weighted basis. It recently touched a record low against the Euro, and is closing in on parity with the USD. Since the beginning of the summer, the Franc has rallied by an unbelievable [...]

It was only a few weeks ago that I last wrote about the possibility of intervention on behalf of the Japanese Yen, and frankly, not a whole lot has changed since then. On the other hand, the Japanese Yen has continued to appreciate, the Japanese economy has continued to deteriorate, and the Bank of Japan [...]

Earlier this morning, both the ECB and the BOE left interest rates unchanged.  While this move was largely anticipated, comments from the ECB show that economic progress is being made; evidenced by better than expected factory orders in Germany.

Here in the US, Initial Jobless Claims came in at 479K vs. an expectation of 455K showing [...]

NEW YORK (CNNMoney.com) — While Google struggles with the Chinese market, local search giant Baidu is soaring to new heights. Baidu said Wednesday that its earnings doubled in the most recent quarter as its sales hit a record high.
Baidu reported net income of 837.4 million yuan ($123.6 million) for the quarter ended June 30, [...]

By Greg Holden – Another new month brings with it a fresh Non-Farm Employment Change report from the US government. No doubt many investors have been watching the riots unfold in Greece, bailout packages getting solidified and a shocking plummet in the value of the EUR and Crude Oil. The USD [...]

There are no words to describe the size of China’s foreign exchange reserves. Massive, Mind-Boggling, and Eye-Popping come to mind, but don’t do the $2.447 Trillion justice. What’s more, this figure represents the end of March; the current total has almost certainly surpassed $2.5 Trillion.
Interesting, the rate of reserve accumulation has slowed markedly from 2009. [...]

From trough to peak (March 10 – August 5), the British Pound appreciated by a whopping 25%, its strongest performance in such a short time period since 1985. The Pound has fallen mightily since then, and most factors point to a continued decline.

On almost every front, the Pound is being buried under a mound of [...]