Forex Market Updates & Commentary |  |
- Bernanke does not rule out bond purchases over 600 B
- EURUSD also tests trendline resistance at 1.3412
- AUDUSD approaches resistance. RBA decision and comments next week
- Forex Midday Report- Dec 3
- GBPUSD tests upside target from bull flag
- Live Forex Education Tuesday Dec 7 2010
- London/Europe close sends EURUSD toward new day extreme
- GBPUSD bull flag?
- EURUSD Tests 100 day MA at 1.3327
| Bernanke does not rule out bond purchases over 600 B Posted: 03 Dec 2010 12:53 PM PST This has led to more dollar selling in illiquid market conditions. |
| EURUSD also tests trendline resistance at 1.3412 Posted: 03 Dec 2010 10:28 AM PST
Thanks to long time supporter Peter Shephard who pointed out the most obvious. The EURUSD tested topside trendline resistance at the 1.3412 level. |
| AUDUSD approaches resistance. RBA decision and comments next week Posted: 03 Dec 2010 09:54 AM PST This weeks Australia announced retail sales that were horrendous but the last three days has seen the AUDUSD rally strongly. On Monday night (10:30 PM ET), the RBA will announce it’s interest rate decision. Will the central bank change it’s tune a bit given weak retail sales, expectation of China tightening, slower US growth? There is some technical resistance ahead that might lead to some profit taking. |
| Posted: 03 Dec 2010 09:27 AM PST Forex Midday Report- Dec 3 |
| GBPUSD tests upside target from bull flag Posted: 03 Dec 2010 09:17 AM PST |
| Live Forex Education Tuesday Dec 7 2010 Posted: 03 Dec 2010 08:48 AM PST
Live Forex Education Tuesday Dec 7 2010 >> Click here to reserve your seat |
| London/Europe close sends EURUSD toward new day extreme Posted: 03 Dec 2010 08:33 AM PST
The EURUSD moved quickly higher as London and Europe head home for the weekend. The pair extended above the channel trendline at the 1.3387 level to a high of 1.3401. The price is back below the trendline and should lead to some profit taking against the level. Although the dollar bias is down, the weekend and failure to extend above may solicit some back filling for the EURUSD |
| Posted: 03 Dec 2010 07:56 AM PST
The GBPUSD moved down and bottomed on the back of the better US Non MFG PMI data. The pair held the 100 bar MA on the 5 minute chart and the bull flag trendline at the same level. The price has rebounded and is trading near the highs now. If the bull flag completes its target, it would bring the price up toward the 1.5747 level. Risk remains the topside of the flag which comes in at the 1.5680 level currently. |
| EURUSD Tests 100 day MA at 1.3327 Posted: 03 Dec 2010 07:31 AM PST
See prior post by clicking here |
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