Forex

One of the main reasons why Forex trading has become so popular these days is the availability of Margin Accounts which allow investors to access loans that are multiple times bigger than their original deposits. Without such facilities, Forex trading would be out of reach for most small players...

After breaching 1.5000 and hitting a high of 1.5040, the EURUSD retracted sharply overnight to 1.4990 - see chart. Late yesterday afternoon, US equities suddenly collapsed by over 100 points after concerning remarks about Wells Fargo emerged. Signs of a shift in market sentiment may be developing...

With the Dow Jones Futures indicating a weaker North American opening, safe haven flows are rallying the dollar with the EURUSD now posting 1.4915( see chart) and the USDYEN testing 191.00. Following the French supportive dollar comments yesterday, Trichet has further stated that a rising Euro...

Overnight, the EURUSD hit a low of 1.4828 before surging strongly back to 1.4940. A bullish stochastic crossover resulted and suggests further advancements are possible that could test resistances at 1.4970 and 1.5010 - see chart. With the Dow Jones Future showing a positive North American opening...

As the Earnings Season unfolds, the Yen has plunged dramatically with the USDYEN climbing by over 250 pips this week. However, looking at the USDYEN Daily chart going back to the Autumn of 2008, you can see that this movement is only a mere relief rally within a major downtrend. The same can be...

Overnight, the EURUSD has fallen from its heavily overbought position, generated a bearish Stochastic crossover and presently sits at 1.4890 - see chart. Recent US Data releases showed that CPI rose to -1.3% from -1.5% YOY; Continuing Claims fall to 5992K and the US Empire Manufacturing Index rose...

With equities achieving further gains during the European session, the correlated EURUSD saw new 14 month highs by climbing to 1.4910 - see chart. However, releases of Fundamental data again did not back this movement with this morning’s posting of the Eurozone Industrial Production recording only...

In recent hours, the EURUSD has managed to surge higher achieving a new 2009 high at 1.4870 - see chart. Why this is happening is perplexing especially since German investor confidence posted a much weaker number at 56.0 versus the expected 58.8 earlier this morning. Recovery concerns are rising...

Overnight, the return of risk appetite and optimism helped generate a bullish Stochastic crossover forcing the EURUSD to a present high of 1.4760 - see Chart. One of the main economic reasons behind the rally is that continued Eurozone disinflation could allow some of its companies to produce good...

Overnight, the EURUSD fell and then bounced against its bull channel’s lower trendline recording a present value of 1.4758 - see chart. New Dollar strength can be largely contributed to Bernanke comments hinting at a possible rate hike should the US economy begin to display serious growth signs....

With the Dow Jones Futures recording an increase of 85 points overnight, the EURUSD pushed higher within its uptrend channel and is currently registering 1.4750 - see chart. All dips so far have just been retracements providing investors with better buying opportunities. A sustain break below the...

Life for the average Joe in US Main street is becoming very tough. For example, in my local area more and more local factories have and are facing closure as their finances are now down to the bone. Bankruptcy lawyers are overwhelmed with new cases whilst so many ‘house for sale’ signs are...

Yesterday’s US ISM index showed the first expansion signs since August 2008 by posting a value of 50.9. Consequently, the Dow Jones rose by over 100 points forcing the highly correlated Euro to highs of 1.4720 overnight - see chart. Earlier this morning, the UK Industrial production dropped...

The recent EURUSD downtrend is under pressure as a bullish breakout is beginning to take shape. The Markets were so concerned about Friday’s disappointing US Non-Farm Payrolls that a dollar sell-off resulted. The pair presently sits at 1.4616. This morning, the Eurozone posted a drop in retailed...

The last 24 hours have definitely been troubling for the Markets starting with yesterday’s Dow Jones loss of over 200 points. As a result, USD negative correlation with the Dow forced an EURUSD fall of over 150 pips - see Chart. Today’s released US NFP figures has just added further to the gloom by...