Saturday, August 14, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

The End of Week Technical Review

Posted: 13 Aug 2010 01:11 PM PDT

The “End of Week Technical Review” takes a look at the major currency pairs against the US dollar determines the bias - bullish or bearish - and outlines the key technical levels for each pair using our key tools including the 100 and 200 bar SMA, key Trendlines and “Remembered Lines” and Fibonacci Retracements. Spend a few minutes over the weekend and prepare for the trading week ahead. Be Aware. Be Prepared

The Key Releases and Events for the week of August 15th

Posted: 13 Aug 2010 12:08 PM PDT

Forex Midday Report- August 13th

Posted: 13 Aug 2010 09:30 AM PDT

Forex Midday Report- August 13th

Fed’s Hoenig on the newswires

Posted: 13 Aug 2010 08:38 AM PDT

  • Economy should grow over the next several quarters
  • GDP likely to be around 3% for 2010
  • Fed should slowly firm policy with the economic recovery
  • Economic conditions are far from satisfactory

Hoenig has dissented over the last 5 Fed policy decisions.  He stands alone on the FOMC board.

USDJPY moves above resistance at 86.12-22.

Posted: 13 Aug 2010 08:30 AM PDT

EURUSD longs having a nervous breakdown as key support is breached

Posted: 13 Aug 2010 07:58 AM PDT

The longs in the EURUSD are have a nervous BREAK DOWN as support at the 100 day MA and the 38.2% Fibo level at 1.2776 gives way. The next target is the 1.2742 level which is the 50% of the move up from the June 29th low. The technical picture is further deteriorating for the EURUSD in what is a downright bearish week for the pair. For the complete story, click here
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