Wednesday, August 18, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

EURUSD Disappoints the bulls. Moves back to support after failing to extend higher

Posted: 18 Aug 2010 06:57 AM PDT

What’s up with Gold?

Posted: 18 Aug 2010 06:40 AM PDT

NY Morning Commentary. EURUSD looks to extend. USDJPY 85.18 floor.

Posted: 18 Aug 2010 06:26 AM PDT

USDJPY scared to break below floor at 85.18?

Posted: 18 Aug 2010 06:01 AM PDT

GBPUSD also looking to extend the trading range

Posted: 18 Aug 2010 05:41 AM PDT

EURUSD. Look for the range extension.

Posted: 18 Aug 2010 05:18 AM PDT

NY Opening Forex Commentary. Markets quiet but be aware

Posted: 18 Aug 2010 04:52 AM PDT

Webinar with Greg Michalowski Thursday Aug 19 4pm

Posted: 18 Aug 2010 04:00 AM PDT

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Webinar with Greg Michalowski Thursday Aug 19 4pm- Register Here

Gbp higher as MPC votes 8-1 to keep rate at 0.5%

Posted: 18 Aug 2010 01:40 AM PDT

Gbp higher as MPC votes 8-1 to keep rate at 0.5%. Sentance wants increase of 25 basis points.

Gbp/Usd up nearly 70 points to 1.5615.

Sterling off going into MPC minutes

Posted: 17 Aug 2010 11:29 PM PDT

Gbp/Usd is off about 80 points in the last few hours, possibly selling off in front of the release of the MPC minutes at 4:30 EST.

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From a daily perspective the pair may have found support at 1.5504 which is the 200 day M/A. A break below this level may bring the pair to 1.5320-30 coinciding with the 38.2% fibo of move up from 1.4229 to 1.6002.

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8-18 Economic Calendar

Posted: 17 Aug 2010 08:48 PM PDT

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Aussie Wage Price Index

Posted: 17 Aug 2010 06:43 PM PDT

The Aussie wage price index for Q2 came in at 0.8%; slightly lower than the forecast and prior reading of 0.9%. The AUD made a new session low of .9025 following the release.

Australian Westpac Leading Index (m/m)

Posted: 17 Aug 2010 05:32 PM PDT

The June leading index reading (m/m) out of Australia came in at 0.0%; worse than the prior reading of 0.2%.

The AUD is trading off session lows against all of the major currencies.

Review of yesterday and Preview of the new Trading Day

Posted: 17 Aug 2010 05:18 PM PDT

The forex day saw German ZEW come out weaker, UK inflation persistent, housing in the US weak, but Industrial Production and Capacity Utlilization strong. The EURUSD rallied for the second day but has been contained at 1.2905. The GBPUSD has good support against the 1.5550 area, while the USDJPY has the 100 and 200 hour MA converged with the price which is a foreshadow for a move away from the area in the next 24 hours. So be on alert. For a complete review and preview of the new trading day, click on the link.

Rebroadcast of August 17th Online training

Posted: 17 Aug 2010 02:24 PM PDT

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Rebroadcast of August 17th Online training - Click here to watch

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