Forex Market Updates & Commentary |  |
- NY Morning Forex Commentary is available for viewing
- EURJPY: A techincal picture for the pair
- NY Opening Commentary:Dollar falls as risk benefits
- Sterling Gets a Boost From Better HPI
- 12-31 Economic Calendar
- EURJPY. Watching 108.40 level
- The NY Midday Forex Commentary takes a technical look at the market
- Fast break the other way in GBPUSD
- Gold could not get through $1404.
- EURUSD tests 50% of the Decembers range at 1.3276
| NY Morning Forex Commentary is available for viewing Posted: 31 Dec 2010 07:09 AM PST The dollar continues to fall as the year moves toward the close. The EURUSD is extending above the 200 day MA and tests 1.3400. The USDJPY and USDCHF continue the move to the downside. GBPUSD surged higher in the last hour as London looks to ring in their New Year. If you want to be included in my email distribution list, simply send me an email at greg@fxdd.com and I will have you included. |
| EURJPY: A techincal picture for the pair Posted: 31 Dec 2010 05:20 AM PST |
| NY Opening Commentary:Dollar falls as risk benefits Posted: 31 Dec 2010 04:49 AM PST |
| Sterling Gets a Boost From Better HPI Posted: 30 Dec 2010 11:01 PM PST Sterling is trading higher following a nationwide HPI reading of 0.4%; better than the -0.2% forecast and -0.3% prior showing. |
| Posted: 30 Dec 2010 08:58 PM PST
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| Posted: 30 Dec 2010 09:56 AM PST
The 108.40 level is the 100 hour MA and a nice floor from last week earlier this week. The price in the EURJPY is in between the Goal Posts as defined by the 100 and 200 hour MAs. Earlier the price tested the 200 hour MA, but could not muster the courage to push through. Instead traders used the level to take profit. Look for buyers with stops below 108.26-30 area. A move below this area, keeps bears fully in charge. |
| The NY Midday Forex Commentary takes a technical look at the market Posted: 30 Dec 2010 09:03 AM PST Volatile conditions continue as year end trading conditions dominate. For a review of the major currency pairs, click on the following video link If you would like to subscibe to my daily email distribution list, send me an email at greg@fxdd.com |
| Fast break the other way in GBPUSD Posted: 30 Dec 2010 07:45 AM PST It surges higher. It plunges lower.
The GBPUSD has now made new lows after failing to stay above the 100 and 200 hour MA and running into resistance against the 1.5465 level.(see earlier post). The price has also moved back below the 200 day MA at 1.5401. The GBPUSD has traded above and below the key 200 day MA for 6 of the last 7 trading days. This is indicative of a market that is coiling for a trend type move. Looking a the daily chart below the 1.5507 level is key on the topside and has held the corrective moves. The moves below the 200 day MA has been disappointing for the bears. The longer the market hems and haws, the better the chance for a break. Be aware.
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| Gold could not get through $1404. Posted: 30 Dec 2010 07:29 AM PST
Watching $1408 resistance now. The market should take clues from these boundaries. A move above $1408 reverses intraday bias to bullish. A move below $1404 increases the bearish bias intraday.
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| EURUSD tests 50% of the Decembers range at 1.3276 Posted: 30 Dec 2010 07:26 AM PST
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