USD/JPY Eyeing 82.00 Resistance

The Greenback keeps trading close to yesterday’s highs against the Japanese Yen. Despite having fallen toward a session low at the 81.55 area at the beginning of the current Asian session, USD/JPY managed to regain the upside and is headed toward the 82.00 resistance area. Read more of this Forex news…

Forex and Dow Jones Recommended Levels

EURUSD Today’s support: – 1.4272, 1.4243 and 1.4220(main), where correction is possible. Break would give 1.4196, where correction also may be. Then follows 1.4172. Break of the latter would result in 1.4127. If a strong impulse, we would see 1.4084. Continuation will give 1.4040. Read more….

Forex and Dow Jones Recommended Levels

EUR/USD Today’s support: – 1.3871, 1.3837 and 1.3792(main), where correction is possible. Break would give 1.3767, where correction also may be. Then follows 1.3719. Break of the latter would result in 1.3680. If a strong impulse, we would see 1.3663. Continuation will give 1.3635. Read more….

Forex and Dow Jones Recommended Levels

EUR/USD Today’s support: – 1.4025, 1.3990 and 1.3953(main), where correction is possible. Break would give 1.3922, where correction also may be. Then follows 1.3904. Break of the latter would result in 1.3891. If a strong impulse, we would see 1.3872. Continuation will give 1.3858. Read more….

Forex and Dow Jones Recommended Levels

EUR/USD Today’s support: – 1.4152, 1.4118, 1.4084 and 1.4062(main), where correction is possible. Break would give 1.4040, where correction also may be. Then follows 1.4022. Break of the latter would result in 1.3997. If a strong impulse, we would see 1.3972. Continuation will give 1.3948. Read more….

Forex and Dow Jones Recommended Levels

EUR/USD Today’s support: – 1.3522 and 1.3500(main), where correction is possible. Break would give 1.3485, where correction also may be. Then follows 1.3456. Break of the latter would result in 1.3432. If a strong impulse, we would see 1.3412. Continuation will give 1.3388. Read more….

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Protective Forex Options

Frequently you will hear traders, especially on the institutional side, talk about hedging some of their market exposure on a particular position. Every good trader learns to minimize risk through hedges. You can use forex options to reduce your total exposure to market risk. For example, if you are long a particular currency pair, and [...]

EUR/USD Forex Alert – Market PMTP Advisory from Britt Maras

My Primary Movement Timing Program (PMTP) issues three Alerts for Thursday February 5th, 2009. (…) Read more….

Forex Alert PMTP Tokyo Open – 5:25 p. m. (-15+70)

PMTP Alert for EUR/USD at 5:25 p. m. ET (-15min/+70 minutes) average-to-moderate. 1.75 hour duration  Britt Read more….

3 Reasons Why the Dollar is Higher

The US dollar traded higher against the Euro and commodity currencies but remained unchanged against the British pound and Japanese Yen. The strength of the dollar can be attributed to three primary factors. Read more….

Impact of ECB and BoE Rate Decisions on EUR/GBP

Over the next 24 hours, the Bank of England and the European Central Bank will be making interest rate announcements. The Bank of England is the only central bank expected to cut interest rates, but that does not mean that the Euro stay stationary. In fact, we expect some big action in both currencies, which [...]

Euro drops against dollar (AFP via Yahoo! News)

The euro fell against the dollar in European trading on Wednesday, the eve of a keenly-awaited decision on interest rates from the European Central Bank. Read more….

EUR/USD Changes

Note: I have just removed my London Posting. My earlier Alert was posted with a miscalculation.  More later Read more….

UK Services Bounces Offers Glimmer of Hope

In what may be a small glimmer of hope, UK PMI Services printed better than forecast at 42.5 against 40.3 suggesting that UK economy may be finally showing some signs of stabilization. This was the third consecutive PMI reading this week that surprised to the upside lending more credence to the sterling bullish view that [...]

Euro Struggles With 1.3000 Pound Holds 1.44000

Another rambling night of trade in the currency market as the EUR/USD struggled with the 1.3000 handle after staging a reversal in North American session yesterday. Better risk appetite and the growing political woes of the Obama administration helped fuel Tuesday’s rally, but the unit could not hold its gains as dour economic data and [...]

ISM Services Rebound, What Does it Signal for Payrolls?

The US service sector has contracted for the fourth consecutive month but the pace of contraction is slowing. Although this appears to be a global trend, we expect the improvement to represent only a temporary stabilization in the service sector. Read more….

Risk appetite and general sentiment improves – EURUSD pushes higher.

Risk appetite improved throughout yesterday, pushing EURUSD higher. Overnight EURUSD traded in the range 1.2955-1.3048 booking a 0.6% gain and USDJPY was range-bound between 89.33 and 89.68 – down by 0.1%. The dollar was weaker on a whole, declining against 7 of the 10 most traded currencies. The general improvement in sentiment had been building [...]

UPDATE 2-Russia rouble in sight of central bank battle line (The Forex Market)

MOSCOW, Feb 3 (Reuters) – Russia’s rouble weakened to within a whisker of its official support level on Tuesday, but profit-taking helped defer a widely-anticipated showdown between the central bank and investors for another day. Read more….

S.Africa’s rand steady vs dlr, stocks edge higher (The Forex Market)

JOHANNESBURG, Feb 3 (Reuters) – South Africa’s rand steadied against the dollar on Tuesday as market players awaited an interest rate decision later this week, while stocks edged up, breaking a three-day losing streak. Read more….

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