Forex Market Updates & Commentary |  |
- Markets Quiet into the final few hours of trading in the Forex
- Online Trading Class March 16th 2010 4pm Register
- Update: GBP/USD slows after channeling for 2 days
- Forex Midday Report - March 12
- USD/JPY hits hard resistance and retreats before noon
- On the wires: Treasury Secretary Tim Geithner speaking at 12pm
- US Sentiment Survey Released below estimate
| Markets Quiet into the final few hours of trading in the Forex Posted: 12 Mar 2010 12:37 PM PST Markets activity has quieted down into the final few hours of trading in the Forex. We will have a weekend report for you tomorrow with a preview of next weeks opportunities. Today also the final day for the 8% funding bonus at FXDD. You can all of the details at www.fxdd.com if you are looking to open an account today. Greg Michalowski will return on Monday. |
| Online Trading Class March 16th 2010 4pm Register Posted: 12 Mar 2010 10:45 AM PST
Be sure to take advantage of the Online Trading Class on Tuesday March 16th 2010 4pm > Register now |
| Update: GBP/USD slows after channeling for 2 days Posted: 12 Mar 2010 10:05 AM PST
The GBP/USD has been in an upward trend for much of the past two days. Looking at the 5 min chart, we can see that the pair has worked its way higher inside of a channel. The bottom side of the channel has been supported with 3 tests. The pair broke above the channel this afternoon and then failed to break above resistance at 1.5215. This will be the key level traders will be watching. Above this, there is good room for a short term trader on the way to major resistance at the 50% retracement level from the daily chart at 1.5272. On the downside if the pair started to move lower, support will be found at the 100 MA (blue line) at 1.5159 and below that at the 200 MA (green line) at 1.5114. Below that further short term support will be found at 1.5032 and 1.4871 the low from March 10th 2010. |
| Forex Midday Report - March 12 Posted: 12 Mar 2010 09:05 AM PST |
| USD/JPY hits hard resistance and retreats before noon Posted: 12 Mar 2010 08:43 AM PST
The USD/JPY hit hard resistance at 91.07 and fell quickly back to trendline support at 90.96. The pair has held the 100 Hour moving average for over a week with only one break below, early in today’s session. The pair has climbed almost 300 pips since March 4th. Support will be found at the 100 Hour MA at 90.30 and then down at the 200 Hour MA (89.74) On the top side if the pair can break 01.07, resistance will be found at 91.87 which is the 200 Day MA on the daily chart. |
| On the wires: Treasury Secretary Tim Geithner speaking at 12pm Posted: 12 Mar 2010 08:20 AM PST Treasury Secretary Tim Geithner speaks before the U.S. Export-Import Bank annual conference in Washington at 12pm New York time. |
| US Sentiment Survey Released below estimate Posted: 12 Mar 2010 08:00 AM PST
University of Michigan Sentiment index was released lower today, below the 74 estimate, at 72.5. Prior number for Feb 2010 was 73.6. |
| You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment