Forex Signals
Hey Everyone, A quiet day so far with only Order 2on the Anomaly triggering and currently open at -3 pips and the short on the Spec which is currently 29 pips into profit. These trades will be exited at 0:00 GMT.
Chart of the Day - EUR/JPY
(Chart courtesy of FX Solutions’ FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; 200-period simple moving average in light blue.) 5/27/2008 – EUR/JPY – Price on the EUR/JPY daily chart, as shown, is approaching a significant downtrend resistance level. This dynamic resistance is represented on the chart by the long red line. The strength and significance of this line has been reinforced by at least five touches since July of last year. On the impending
Gold situation up to 27-05-2008
Gold is the asset that shows you two things: How the US Dollar is faring and how high is the fright of a financial meltdown. This is why it is quite important for FOREX traders to be up to date in the situation of the metal. We will try to show its situation with the following weekly chart: 1.Gold is in an uptrend and its price is governed by a rising channel, with some parallel inside lines (in blue). Currently, the price has reached from below one of these parallel and has been repelled (2
Mid-Day Forex Technical Report - Dollar Steady after Mixed Data
Action Insight Mid-Day Report Dollar Steady after Mixed Data Dollar recovers earlier today and remains steady after mixed data out of US. On the one hand, Conference Board Consumer Confidence dropped more than expected from revised 62.8 to 57.2 in May, the lowest reading in more than 15 years since 1992. On the other hand, New Home sales posted a surprise 3.3% gain in Apr from downwardly revised 509k to 526k. S&P/Case-Shiller Composite-20 house price index dropped -14.4% yoy in Mar,
Matsys D Trade Signals
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Europe Session Performance
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound was weak today, as markets reacted to the poor U.K housing data. EUR/USD was at 1.5755 from 1.5754 yesterday and GBP/USD was at 1.9771 from 1.9785 yesterday. USD/JPY was at 103.8 versus
Currency Majors Technical Analysis
American Session EUR/USD - Euro Dollar 1,5719. EUR USD broke 1,5730 support. EUR USD is in a range between 1,5700 and 1,5820. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,5700 / 1,5820 range. If the support is broken then the target will be 1,5600. We won’t take a position. The risk/reward ratio is too high to take a position.. Resistances 1,5770 - 1,5820 Supports 1,5700 - 1,5600 more information on EUR/USD - Euro Dollar
Intra-day forex market trend
This session trend: other majors are expected to make swings and slide .
U.S. Forex Market Commentary
EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5700 figure and was capped around the $1.5815 level. The common currency gave back much of the gains it had notched over the past three trading days. A retreat in NYMEX July crude oil futures back to the $130/ $129 handle added to the pair’s decline. Data released in the U.S. today saw April new home sales climb to an annualized 526,000 unit rate but remain at
