Forex Market Updates & Commentary |  |
- FXDD Forex Weekend Report - Feb 8-12
- Next Online Training Tuesday Feb 9th Register
- EUR/USD under what appears to be extreme pressure
- How do I find the rebroadcast of the webinars
- Forex Midday Report - Feb 5th
- On the Wires: G7 meetings start today
- Feb 4 2010 Training Rebroadcast
| FXDD Forex Weekend Report - Feb 8-12 Posted: 05 Feb 2010 01:30 PM PST |
| Next Online Training Tuesday Feb 9th Register Posted: 05 Feb 2010 01:29 PM PST
Next Online Training Tuesday Feb 9th with Greg Michalowski and Shawn Powell Click Here to Register |
| EUR/USD under what appears to be extreme pressure Posted: 05 Feb 2010 10:49 AM PST
In what can only be described as extreme, the EUR/USD has fallen heavily over the past few days of trading. After breaking cleanly below the 50% retracement level yesterday at 1.3800, the pair has continued its run to the downside. The EUR/USD is now within sight of the 61.8% Fibonacci level at 1.3483.
This does not mean that traders should enter a short trade at this time, however, with that said, now would be a good time to start finding an area of support where the pair will rest over the weekend. Returning to action on Sunday eveing/Monday morning, the EUR/USD will be challenged by this new support level and will likely present fresh trading opportunities. Looking at the 5 minute chart there are two support levels forming between the 1.3595 level and 1.3585 on the bottom. This could be considered one area of support. |
| How do I find the rebroadcast of the webinars Posted: 05 Feb 2010 09:45 AM PST You can watch the last 4 months of our FXDD online trainings on the FXDD Webinar page at http://forex.fxdd.com/webinars |
| Posted: 05 Feb 2010 09:30 AM PST |
| On the Wires: G7 meetings start today Posted: 05 Feb 2010 09:25 AM PST On the Wires: G7 meetings start today in northern Canada. U.S. Treasury Secretary Timothy Geithner will travel to Nunavut, Canada, to attend a Feb. 5-6 meeting of the Group of Seven finance ministers and central bank governors. |
| Feb 4 2010 Training Rebroadcast Posted: 05 Feb 2010 07:13 AM PST Here is the link to the FXDD Online Training from Feb 4th 2010’s class Click here to view |
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