The Forex Pro

Asia Session
Today’s Asia session saw most currency traders once again favor riskier assets.  With no top tier data released during the session to act as a catalyst for the markets, Forex traders helped most of the JPY crosses catch a bid from their lows.  After a fast move lower by nearly 60 pips to start the session, bargain hunters took advantage of a depressed EURJPY.  Bids rushed in and helped the high yielder gain back its losses and then some, dealing 90+ pips from the lows toward the

11/3/2008 - the current market sentiment
ECB President Trichet comments that he was concerned by excessive moves in foreign exchange and excessive volatility and disorderly forex movements are undesirable. He mentioned too that US strong dollar policy is in US interest. The comments could tackle the single currency appreciation at the beginning of the week which is still containing a lot of waited data to move the currency market. It is important to watch today’s ZEW for further European growth clues after the better than expected

All trades associated with risk to deteriorate
Carry Trades and stocks especially in danger. Fixed Income and precious metals and energy apparently the only safe havens. Overnight News Bullets AU Trade Balance (Jan) -2723M vs -2550M exp. JN Leading economic Index 30.% vs 30.0% exp. SZ Unemployment Rate (Feb) 2.7% VS 2.8% exp. UK HBOS Plc house prices sa (MoM) -0.3% vs -0,2% exp. GE Factory orders YoY (Jan) 9.5% vs 9.9% GE Factory orders MoM (Jan) -1.5% vs -0.4% UK BOE leaves Rates unchanged at 5.25% as expected. ECB leaves Rates unchanged

Dollar slide to record lows against Euro and Swiss franc as ECB is not seen cutting rate anytime soon
News and Events: The US Dollar tumbled to record lows against the Euro and the Swiss franc on Thursday after the European Central Bank downplayed prospects of an interest rate cut and did not voice concerns about the rally in the Euro. Analysts said there had been some anticipation that ECB President Jean-Claude Trichet would comment on the Euro after remarks this week by euro zone finance ministers group chairman Jean-Claude Juncker that the common currency was overvalued. News that US home

Dollars falls as ECB leave rates unchanged
The dollar fell for a fifth day in a row as the European Central Bank left interest rates at 4% to tackle inflation. Speculation among traders spread as they increased bets the Federal Reserve will lower interest rates by 75 basis points. “The dollar’s weakness is extraordinary,” Stephen Jen, head of currency research in London at Morgan Stanley, the second-largest U.S. securities firm, wrote in a research note. “The recent sell-off in the dollar is both definitive and justified by economic

U.S. Forex Market Commentary
EURO The euro gained marginal ground vis- -vis the U.S. dollar today as the single currency tested offers around the US$ 1.5405 level and was supported around the $1.5310 level.  The common currency established a new lifetime high on Friday before coming off and has been rangebound today, hemmed in by comments from European Central Bank President Trichet who indicated he is concerned about ?present excessive foreign exchange market moves.? Most traders do not expect central banks to

Shares fall further whilst oil trades at a record high. German ZEW survey out today
Shares fall further whilst oil trades at a record high. German ZEW survey out today U.S. Dollar Trading (USD) was mixed against a number of currencies on Monday as traders once again looked towards stock prices as a measure of market stability. Reports were circulating that Bear Stearns were faced with liquidity problems (albeit unconfirmed) pushed shares down by 11%, dragging share markets lower with growing concerns on the health of the Financial Sector. In U.S. share markets the NASDAQ was

Ex-Bank of England Governor Lord George described the credit crunch
Overview A scary week as belatedly many are trying to face up to the grim reality that is the financial mess we are in. All, even us, because although we have seen this coming and taken appropriate steps, this is mere damage limitation and we will not get through things unscathed. The problems: no money, no cheap money; massive credit risk and the threat of default/bankruptcy; expensive raw materials and a crashing US dollar; allegedly well-run firms discovering all sorts of unexpected nasties

Stagflation, writedowns, risk-aversion, sell-offs, unwinding
Another day at markets… Overnight News Bullets NO Industrial Prod. Manufacturing MoM/YoY (Jan) out at 2.8%2.6% vs. 1.5%/-1.2% expected. Prior at -2.6%/-2.3% GE Industrial Production MoM/YoY (Jan) out at 1.8%/6.9% vs. 0-3%/4.6% expected. Prior at 1.5%/4.9%. E-Z OECD Leading Indicators (Jan) out at 97.9 vs. 98.0 prior. CA Unemployment Rate/Change in Empl. (Feb) at 5.8%/43.3K vs. 5.9%/3.0K expected. Prior at 5.8%/46.4K US Change in NFP (Feb) out at -63K vs. 23K expected. Prior at -22K. US

Daily Market Outlook
********************************************************** Market Review - 0 7/03/2008 22:26 GMT Euro and Japanese yen rallies to multi-year highs on weak U.S. jobs data before retreating The greenback dropped initially against major currencies on Friday after a government report showed the U.S. unexpectedly lost jobs for a second consecutive month in February, however, investors took profits on recent short-dollar positions ahead of the weekend and on Fed’s liquidity-easing move.  

USD/JPY: One month high for the Dollar
FXStreet.com - Dollar Yen reached a one month high last week, however, according to Cornelius Luca, economist at Global Forex Trading, the cross remains mixed: Mixed trading should continue. The key level early this week is at 107.95 from a 50-point pivot

EURUSD at pivot point as very positive US trade balance report unable
FXStreet.com - Home :: Technical :: Forex Strategy :: Forex Trading Strategies Send Print Add To Rss Forex Trading Strategies EURUSD at pivot point as very positive US trade balance report unable to support the USD yesterday Fri, Feb 15 2008, 07:48 GMT by John

Dollar slide on six consecutive days with concerns over US economic
FXStreet.com - Home :: Technical :: Market View :: Daily Forex News Send Print Add To Rss Daily Forex News Dollar slide on six consecutive days Psychological 1.5000 level marks strong support before 1.4500 pivot point. Initial resistance hold 1.5229 Thursday high. GbpUsd

Dollar slips as investors are worried about further economy slowdown
FXStreet.com - Home :: Technical :: Market View :: Daily Forex News Send Print Add To Rss Daily Forex News Dollar slips as investors are worried EurUsd Market confirmed the recent strength over 1.4500 pivot point recovering from 7th February 1.4440 low. Medium term trading

EUR/JPY Daily Technical Forex
FXStreet.com - Current level at 10:39 CET is 160.27, trading below the daily pivot point level of 160.72, having found resistance at the Fibonacci 61.8 percent retracement level of 161.50, measured overe the 169.04 - 149.27 range. We are now trading between the 55

Buffett Savior Or Vulture?
FXStreet.com - Home :: Technical :: Market View :: Wakeup Call on Forex Markets Send Print Add To Rss Wakeup Call on Forex Markets Buffett Savior Today, the quarterly inflation report will be key for GBP at 10.30 GMT. We sell the break of 1.9560 offer (daily Pivot Point

USD/JPY: Three-year low for the Dollar
FXStreet.com - FXstreet.com (Barcelona) - The Dollar tumbled further against the Yen yesterday, Cornelius Luca, economist at Global Forex Strong resistance is at 104.50 from a 50-point pivot that targets 104.00 and 105.00. Below 103.30, support is still seen at 103

FOREX-Euro slides after Trichet’s growth comments
Reuters - FOREX-Euro slides after Trichet’s growth comments We’re at a bit of a pivot point in the euro here, and if we can get and stay below the $1.4520 area, I think that could open the

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Stock indices probe key support then back away
Quote: ?I?ve never been keen on the idea of living with one person all the time?. Julie Christie (1941-) The News: ?I expect inflation pressures to wane over the next few years? says Fed?s Mishkin. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. 23:50 JP Q4 Capital Spending ?7.7%, Ex-Software ?7.3%, versus ?1.2% and ?0.6% Q3. 00:01 GB February Nationwide Consumer Confidence 78 versus 81 January, lowest since series began 2004. 08:55 DE February Services

U.S. Forex Market Commentary
EURO The euro appreciated vis- -vis the U.S. dollar today as the single currency tested offers around the US$ 1.5230 level and was supported around the $1.5170 level.  The common currency established a new intraday high yesterday before ceding some gains.  Eurozone finance ministers verbally today, noting they are ?closely monitoring? exchange rates.   European Central Bank member Quaden suggested the U.S. should reiterate its long-standing strong-dollar policy.  Data

Daily Market Outlook
********************************************************** Market Review - 05/03/2008 22:14 GMT Euro rallies to fresh record high of 1.5305 The single currency rallied to a fresh record high of 1.5305 due to active cross buying in euro after the release of weak U.S. economic data together with the rise in commodity prices despite falling initially in European session to 1.5145 versus the dollar on speculation European Central Bank President Jean-Claude Trichet will make a statement the euro is

5/3/2008 - The current market sentiment
The single currency tried yesterday to make a new high but another profit taken wave dragged it lower back again to 1.52 level among gold selling reached 957$. The market is still await of series of data to take new decisions.   Ben Bernanke came with no new yesterday calling mortgager lender to avoid further exposure but the news that bond insurer Ambac is close to  a bailout package, eased credit  worries given some support of the USD versus gold  and the Japanese yen

04/03/’08 - Credit Crisis Continues to Hurt the Greenback
Economic News   USD Yesterday, escalating fears of a recession in the U.S., hammered global stocks and sent the USD to record lows against the EUR for the 5th consecutive day. The greenback’s drop to an all time low yesterday came after the ISM Manufacturing report showed that U.S. manufacturing diminished for the second time in 3 months. The ISM index, which measures the activity level of purchasing managers in the manufacturing sector, dropped to 48.3 in February from 50.7 in January.

Eur/$, still long but near term risk rising…..
Eur/$ has finally achieved the long held, longer term target at the ceiling of the bullish channel that has been in place for nearly the last 3 years (currently at 1.5275/00) and within the final upleg in the rally from the June low at 1.3265 (wave V, see numbering on weekly chart below). Though this suggests at least a few months of consolidating after it?s completion, the shorter term upside pattern is not yet ?complete? and leaves open scope for further ?net? gains ahead . I use the word

The Word Is Yours Trichet
EURUSD edging despite ?verbal? intervention from Trichet. All news apparently lead to USD weakness. Watch out for new lows in USDJPY below 102.62. Overnight News Bullets E-Z PMI Services (Feb F), out at 52.3 as expected. E-Z PMI Composite (Feb F), out at 52.8 vs. 52.7 expected. UK PMI Services (Feb), out at 54.0 vs. 52.0 expected. E-Z Retail Sales MoM/YoY (Jan), out at 0.4%/-0.1% vs. 0.3%/0.1% expected. US MBA Mortgage Applications (Feb 29), out at 3.0% vs. -19.2% expected. US Challenger Job

Citigroup closing branches and Merrill Lynch cuts 650 jobs in sub-prime mortgage unit
Quote: ?I don?t have reasons, I have instincts?. Ex-BofE Governor [1920-1944] Sir Montagu Norman (1871-1950) The News: Citigroup closing branches and Merrill Lynch cuts 650 jobs in sub-prime mortgage unit. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. (20:00) NZ Reserve Bank of New Zealand leaves rates unchanged at 8.25%. So does Indonesia at 8.00%. 04:00 JP Bank of Japan starts a two-day rate setting meeting (expected unchanged at 0.50%). 05:00 JP

Pivot: The Point Where Information Meets Liquidity
History. Founded in 2004, Pivot Inc. (formerly known as Pivot Solutions) was created in order to streamline trade desk communication by enhancing electronic trading and enabling

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Positive Territory, Inc. : Pivot Point Reverse Trading System
A positive development occurs when a bottom pivot point is formed and three conditions indicate an upturn.

Commodities daytrading course free Trading calculator e-mini Pivot
of these instruments, and the ramifications of various trading strategies and scenarios.) Consider mastering the knowledge and awareness of Floor Traders’ Pivot Point

pivot point - FREE Trading Forum Chat Room from MrSwing.com
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Pivot points
Pivot points were developed by floor traders. The definition of a pivot point is a turning point. It is the level at which market sentiment changes from bulls to bears or vice

US Government Sales::Candlestick and Pivot Point Trading Triggers + CD
Wiley Resources for Government / Business & Economics / Finance & Investments / Trading / Candlestick and Pivot Point Trading Triggers + CD-ROM:

Forex Pivot Point Calculator | Forex Trading Tips
Pivot Calculator Thanks for Visiting! Pipholic is a forex trading blog from where you can learn forex trading from scratch.

Day Trading Forum - Pivot Point Calculator
A new online Pivot Point Calculator by DeltaT1 is now available on the DeltaT1 web site: Pivot Point Calculator DeltaT1 were heard saying: “We think that this is the most

EUR/USD: The Euro, trading above 1.4600
FXStreet.com - move is more a case of Euro strength than US$ weakness as the Euro has posted impressive overnight gains against most majors. Resistance and support levels, according to Straiton, stand as follows: 1.4617, trading above the daily pivot point

Durant the hero for Sonics
Seattle Post Intelligencer - Wilkins hit a 17-footer for a two-point lead in the second overtime. Earl Watson Durant grabbed the ball, took a forward pivot and launched the ball over the WHAT TO KNOW: Charlotte president Michael Jordan made the bold move of trading the

EUR/JPY Daily Technical Forex
FXStreet.com - Current level at 11:20 CET is 158.43, trading above the daily pivot point level of 157.89, having remained above the hourly Ichimoku cloud for the last three consecutive trading days. Both daily and hourly Bollinger and standard error bands remain

USD/JPY: One month high for the Dollar
FXStreet.com - Dollar Yen reached a one month high last week, however, according to Cornelius Luca, economist at Global Forex Trading, the cross remains mixed: Mixed trading should continue. The key level early this week is at 107.95 from a 50-point pivot

Hot-and-cold Kobe not enough in poor Lakers effort
FOXSports.com - The best work that Odom did was to pass the ball out of the pivot in the fourth The truth is that Tinsley has always been a selfish, shot-happy point guard who If not, it’s time to trade the bozo while the trading’s still good. Here’s a deal

Trade winds blowing?
Atlanta Journal Constitution - More assist from the PF than the point guard. Denver is horrible and WILL not make the playoffs in the west. I love My Hawks Why doesn t ATL entertain the thought of trading JJ. I know he s very solid and most nights dependable. But the trade

Kunal Patel Named Executive Vice President of CATEX
Market Wire - CATEX is a leading provider of web-based trading and back-office services to the international insurance and reinsurance market. The Pivot Point platform, a completely web-based insurance and reinsurance management system, is the company’s flagship

Player Movement 2005
NBA - The Nuggets welcomed former Memphis point guard Earl Watson . Former Pacers forward The Atlanta Hawks also signed Bucks restricted free agent pivot Zaza Pachulia to an Jason Williams , Andre Emmett and swingman James Posey to Miami and trading newly

Affordable insurance needed
Boston Globe - or even resume skating, adding to the initial belief that the 22-year-old pivot According to Chiarelli, trade chatter reached its busiest point of the season last it failed to reach a consensus on ways for clubs to “take back” salary when trading

Abbreviated action
Atlanta Journal Constitution - SMYRNA - Every day I come here bent on keeping my yapping to a minimum and every single day it seems like I ended up failing. So I will try my best to keep my point brief, leaving more time and space for you to weigh in, of course. After watching the

Stocks: Roadblocks Ahead
BusinessWeek - The S&P 500 at its recent low close had fallen almost 255 points from its October high or 16.3%. The DJIA has dropped 2193 The next layer of significant chart resistance starts in the 1430 to 1440 zone, as they were previous pivot lows for the S&P

West Virginia Gets a Kick Out of Beating Rutgers
Intelligencer - Hill yelled at Pettis, who was supposed to reverse the ball and not his pivot foot and then turned and planted his enjoyed what was perhaps his finest performance of the season, hitting a pair of 3-pointers and finishing with 10 points and

Obama Fights War on 2 Fronts as McCain Steps Up Attacks
FOX News - nominee for president has all but forgotten about Hillary Clinton and is targeting Barack Obama in an apparent pivot Nevertheless, McCain, a four-term senator, is expanding his Obama talking points, also raising questions about his character

Canada Dollar Poised to Drop on Rate-Cut Bets, Citigroup Says
Bloomberg - The “key target” level the Citigroup strategists are focusing on is C$1.0350 to C$1.0380, a historic pivot point for the Citigroup predicts cumulative cuts of 75 basis points in 2008. A basis point is 0.01 percentage point.

Jefferson-Wallace Post Battle Impressive
Hoops World - Later, Jefferson went back to the left side, used his front pivot on a quick sweep to the middle and was fouled on the dribble. At the end of the first half, Jefferson had 7 points and Wallace was clearly ahead on all the judges scorecards. To start

Death by Car Bomb in Damascus
Weekly Standard - Of the head to head polls that have come out in the last week , none should be more startling to the McCain campaign than this one from New Hampshire: Rasmussen has McCain trailing Obama by 13 points (36 to 49) in the Granite State.

etrials Worldwide to Report Fourth Quarter and Full Year 2007
Phramalive.com - EDC), interactive voice and Web response (IVR/IWR), electronic patient diaries (eDiary) as part of a flexible and integrated software-as-a-service (SaaS) platform or as individual solutions to capture high quality data from multiple pivot points to

Today’s Herald
Calgary Herald - Coming away with two points, that was our mission.” Like the previous night’s success, the Flames squeezed something But the wee pivot wasn’t finished. Controlling the puck at the end boards, he flung a pass to Iginla, who buried the thing at

Why New Front Tires on Your Back Wheels Are a Good Idea
Popular Mechanics - on an icy road and a front wheel coming into contact with a ridge of slush or hard snow and the vehicle starting to pivot It also points to the importance of rear tire traction. 24. RE: Why New Front Tires on Your Back Wheels Are a Good Idea There

Australian January Jobless 4.1%, a 33-year low
Quote: ?There is no love sincerer than the love of food.? George Bernard Shaw (1856-1950) The News: Australian January Jobless 4.1%, a 33-year low. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. (23:50) JP Q4 GDP +0.9% Q/Q, +3.7% Y/Y, Deflator ?1.3%, vs revised+0.3%, +1.3% and ?0.6% Q3. 04:00 JP Bank of Japan starts a two-day rate-setting meeting (expected unchanged at 0.50%). 04:00 JP January Tokyo Condominium Sales ?19.1% Y/Y versus ?20.2% December.

Range Trading
Today?s comment Majors, Scandis & Funding In the last few weeks the FX market has been irresolute and many investors have chosen to be on the side. The sentiment in the market has switched between risk-aversion, recession in the US, and a more positive sentiment whenever the macroeconomic indicators surprised on the positive side. This has led to that several of the major FX crosses have been range trading (i.e. EURJPY, EURCHF, EURUSD, etc.). This is something that has been evident in our

Asia Session
Is Japan’s economic slump showing signs of a turn around?  Today, Japan announced that Gross Domestic Product rose in the fourth quarter at a 3.7% annualized pace, much better than expectations of 1.7%.  The Nikkei was up about 364 at midday which was also supported by higher equity prices in NY but JPY crosses, which were strong in NY, did not follow the move higher.  Could the positive correlation between higher equities and the JPY carry trade be ending?  If the Japanese

Dollar near one-month high vs Yen after unexpected US retail sales
News and Events: The Dollar climbed to a one-month high against the Yen on Wednesday after government data showed an unexpected rise in US retail sales last month, easing concern that the US economy will fall into a recession. UsdJpy jumped after the data, rising to a one-month high of 108.37 before easing to 108.27, up 0.87%. Even at current levels, the Dollar remains in a downward trend that began in June 2007, when it rose at 124.14 high. Some analysts also said the unexpectedly positive

London Session
Tuesday’s London Session has brought another period of consolidation within the recent ranges. Quite simply, there has been little to move the market over the past several hours. Following an anti-climactic G7 meeting over the weekend, traders awaited a pair of top-tier economic releases (UK CPI and German ZEW). Despite spurts of mild volatility surrounding each event, the effects of the numbers has been minimal. The overall theme has centered upon a modestly weak US dollar in a quiet

The Pound rose against the Dollar
? The Rupee rose today as lack of flows resulted in a dollar shortage prompting traders to buy dollars. With currency forwards trading at a discount, dollar sales by exporters were also missing from the market, further putting the currency under pressure. The USD/INR pair ended at 39.76 from 39.66 yesterday. ? The 6-month and 1-year forward premium was at 0.40% and 0.91% as compared to 0.60% and 1.02% yesterday. ? The Pound rose against the Dollar after the Bank of England?s quarterly

Australian January Business Confidence slumps to ?4, a six year low, versus +13 December
Quote: ?The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true.? James Branch Cabell (189-1958) The News: Australian January Business Confidence slumps to ?4, a six year low, versus +13 December. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. 00:01 GB January BRC Retail Sales Monitor +2.6% Y/Y on strong food sales versus +0.3% December. 08:00 EU Finance Ministers conclude a two-day meeting, Brussels.

U.S. Forex Market Commentary
EURO The euro moved higher vis- -vis the U.S. dollar today as the single currency tested offers around the US$ 1.4605 level and was supported around the $1.4495 level.  Technically, today?s intraday high was right around the 38.2% retracement of the move from $1.4015 to $1.4965.  German finance minister Steinbrueck said European Central Bank President Trichet ?did not signal a change of paradigm in policy? and added ?an interest rate cut is not necessary.?  Steinbrueck predicted

Carry Trades showing strength, could stocks follow?
AUD is seeing support from good figures and the JPY is weakening. This might also be a sign of risk-willingness getting the upper hand in markets. Bunds dropping heavily. Overnight News Bullets UK Rics House Price Balance (Jan) out at -52.0% vs -49.1% exp. JN Consumer confidence (Jan) out at 37.9 vs 38.3 exp. JN Consumer Confidence Households (Jan) out at 37.5 vs 38.0 exp. GE Wholesale Price Index YoY (Jan) out at 6.6% vs 5.3 exp. GE Wholesale Price Index MoM (Jan) out at 1.4% vs 0.2% exp. SW

New highs?
Hi! Welcome to a new day in forex market, the last of the month. And what to say about yesterday? The only positive reading of the US economy, the ADP report that showed U.S. private sector jobs rose by 130,000 in January beating forecasts, was quickly diluted by the GDP, that rose at a seasonally adjusted 0.6% annual rate October, while economists were forecasting a 1.2% rise showing economy continues to slow down; yet it was the 0.50 rate cut by the FED (following a 0.75 cut pass week) that

Daily Market Outlook
********************************************************** Market Review -    01/02/2008 23:22 GMT Dollar moves sideways ahead of major central banks? rates decisions The greenback traded narrowly against major currencies on Monday as investors are waiting for major central banks? interest rates decisions this week. The single currency recovered from 1.4793 to 1.4850 versus the dollar whilst the greenback retreated after rising to 107.10 against the Japanese yen.    ECB

Payrolls heavily disappoint, Dollar hit but rebounds
News and Events: The non-farm payroll report announced on Friday brought disappointing news for the US dollar. Payrolls declined 17,000 versus a market consensus of a 70,000 gain. The unemployment rate actually decreased to 4.9% from 5.0%. The University of Michigan sentiment report fell to 78.4 in January versus 79.0 expected. The construction index fell by 1.1%. On the contrary however, the ISM manufacturing index came out better than expected at 50.7, beating the expected 47.3. Some

Millions of Chinese are cold, stranded and hungry because of terrible weather
Quote: ?Never believe anything in politics until it has been officially denied.? Otto von Bismarck (1815-1898) The News: Millions of Chinese are cold, stranded and hungry because of terrible weather; troops mobilised. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. 05:00 JP January Vehicle Sales +3.7% Y/Y versus ?7.1% December. 08:30 CH January Manufacturing PMI (58.5 to 61.8 versus 61.3 December). 09:00 AU OPEC meeting in Vienna today. 08:55 DE January

The week started quietly but storm clouds gathered
Overview The week started quietly but storm clouds gathered, figuratively and literally (terrible snowstorms in China). The Dow Jones Industrial Average at one point had lost 12% of its value over the month, its worst start to the year since 1978; Asian and Eurozone indices are down by around 12% and Turkey 25%. Only one index was up on the month ? the Dow Jones Transportation Average +3%. Bounces from last week?s lows mask just how bad things had become and are expected to turn into ?dead

The Dollar remained under pressure
? The Rupee strengthened today as dollar sales by exporters balanced the refund IPO outflow. A firm domestic stock market also aided the currency. The USD/INR pair ended at 39.35 from 39.38 yesterday. ? The 6-month and 1-year forward premium was at 2.13% and 1.79% as compared to 2.07% and 1.73% yesterday. ? The Dollar, remained under pressure, depreciated against the Euro as investors await non farm payroll data due later today to get clues on further rate cuts by the Fed. The expiry of EUR

Today Nonfarm payrolls will give a transparent direction for US dollar
Euro zone CPI came in a record high of 3.2%, which is well above ECB target range of 2.00%. It faces the double edge sword of trying to control inflation by raising interest rates in a slowing economy. Although many economists believe that a pedestrian job market will downplay inflationary pressures. “We believe that eurozone growth will slow markedly over the coming months,” said Howard Archer, an economist at Global Insight. The interest rate differential in dampening economy might be an

The Fed cut the rate again by 0.5% and leave the borrowing cost at 3.0%
Yesterday at 19:15 GMT the Fed has released the FOMC statement for this month and voted to reduce the overnight lending rate 50 basis points to 3%.This reflects the lowest rates have been since June of 2005. The move was made easier after GDP numbers came out much lower than expected, mostly on negative housing growth. It is the second time in nine days, in a hopeless bid to save U.S. economy from entering a recession. Today’s policy action, combined with those taken earlier, should help to

Interested Again in the Gold Market (closed affair, for now)
As disclosed on January 8th , I was an aggressive buyer in that day’s European transacting time. Orders to buy at market were executed in the $874, $875 and $876 price areas on multiple trading accounts. It would be fair to say, however, that I have since hardly felt comfortable. I feared my buying might have been late. ‘Late’ not relative to where I thought the market would be going - since I never have predetermined scenarios - but to an already multi-month bullish view that could have

U.S. Forex Market Commentary
EURO The euro appreciated sharply vis- -vis the U.S. dollar today as the single currency tested offers around the US$ 1.4915 level and was supported around the $1.4780 level.  Stops were hit above the $1.4810 level, representing the 76.4% retracement of the move from $1.4965 to $1.4310.  The common currency moved higher on whispers that Q4 earnings from U.S. financial institutions this week will evidence more mammoth sub-prime write-downs.  Citigroup is said to be writing down

New York Session
Currencies went on a roller coaster ride today in NY, with the USD ending the day sharply higher across the board, but still off from its best levels.  USD/JPY started the ball rolling in the USD?s favor as short-covering greeted NY traders after a massive overnight sell-off in USD/JPY and JPY-crosses, sending USD/JPY from about 106.50 to just shy of 108.00.  Comments from ECB central council member Mersch then hit the EUR/USD hard, sending it 100 pips lower from 1.4695 in about

GBPJPY 25100 Next
FXStreet.com - and the retrace should start on the concentration. 9825 may prove a selling point We have the reversible pivot set below 50% of the recent rally, and any financial advisor if you have any doubts. 2007 “FXstreet.com. The Forex Market