Forex Market Updates & Commentary | ![]() |
- The FXDD Weekly Forex Wrap. Rebroadcast of webinar is available
- Fed Governer Tarullo Speaks in Washington
- GBPUSD moves to its resistance area
- EURUSD tests channel resistance/target
- EU/ECB/IMF say next tranche will be made to Greece in July
- EU Juncker Greece will set up privitization fund. Greece Papandreou speaking
- EURUSD momentum pace slows
The FXDD Weekly Forex Wrap. Rebroadcast of webinar is available Posted: 03 Jun 2011 11:24 AM PDT In this webinar, I talked about the Employment report, the Troika. The declining dollar. We looked at the EURUSD, the GBPUSD and the USDCHF, outlining the trading strategy and why – including the risk. If you have not ever participated in a webinar, take the time and watch the rebroadcast. Next week, we will have another series of FREE trader education. |
Fed Governer Tarullo Speaks in Washington Posted: 03 Jun 2011 09:41 AM PDT Says:
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GBPUSD moves to its resistance area Posted: 03 Jun 2011 09:16 AM PDT |
EURUSD tests channel resistance/target Posted: 03 Jun 2011 09:01 AM PDT |
EU/ECB/IMF say next tranche will be made to Greece in July Posted: 03 Jun 2011 08:31 AM PDT |
EU Juncker Greece will set up privitization fund. Greece Papandreou speaking Posted: 03 Jun 2011 08:22 AM PDT
Greece Papandreou says:
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Posted: 03 Jun 2011 08:00 AM PDT The momentum to the upside has slowed a bit in the EURUSD after touching a trendline resistance on the 5 minute chart above. The 1.4598 level remains a key level of resistance on the topside from the channel off the hourly chart below. On the downside now, the 1.4558 level which is a projected channel trendline off the upper trendline (see the 5 minute chart above), is now support. A move below this level is likely indicative of some weekend liquidation. It is Friday and London/Europe will be looking to make an exit. The next hour can be tricky and more volatile. Be aware. |
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