Forex Markets

One of the main reasons why Forex trading has become so popular these days is the availability of Margin Accounts which allow investors to access loans that are multiple times bigger than their original deposits. Without such facilities, Forex trading would be out of reach for most small players...

After breaching 1.5000 and hitting a high of 1.5040, the EURUSD retracted sharply overnight to 1.4990 - see chart. Late yesterday afternoon, US equities suddenly collapsed by over 100 points after concerning remarks about Wells Fargo emerged. Signs of a shift in market sentiment may be developing...

As the Earnings Season unfolds, the Yen has plunged dramatically with the USDYEN climbing by over 250 pips this week. However, looking at the USDYEN Daily chart going back to the Autumn of 2008, you can see that this movement is only a mere relief rally within a major downtrend. The same can be...

Overnight, the EURUSD has fallen from its heavily overbought position, generated a bearish Stochastic crossover and presently sits at 1.4890 - see chart. Recent US Data releases showed that CPI rose to -1.3% from -1.5% YOY; Continuing Claims fall to 5992K and the US Empire Manufacturing Index rose...

With equities achieving further gains during the European session, the correlated EURUSD saw new 14 month highs by climbing to 1.4910 - see chart. However, releases of Fundamental data again did not back this movement with this morning’s posting of the Eurozone Industrial Production recording only...

In recent hours, the EURUSD has managed to surge higher achieving a new 2009 high at 1.4870 - see chart. Why this is happening is perplexing especially since German investor confidence posted a much weaker number at 56.0 versus the expected 58.8 earlier this morning. Recovery concerns are rising...

Overnight, the return of risk appetite and optimism helped generate a bullish Stochastic crossover forcing the EURUSD to a present high of 1.4760 - see Chart. One of the main economic reasons behind the rally is that continued Eurozone disinflation could allow some of its companies to produce good...

With the Dow Jones Futures recording an increase of 85 points overnight, the EURUSD pushed higher within its uptrend channel and is currently registering 1.4750 - see chart. All dips so far have just been retracements providing investors with better buying opportunities. A sustain break below the...

Life for the average Joe in US Main street is becoming very tough. For example, in my local area more and more local factories have and are facing closure as their finances are now down to the bone. Bankruptcy lawyers are overwhelmed with new cases whilst so many ‘house for sale’ signs are...

The last 24 hours have definitely been troubling for the Markets starting with yesterday’s Dow Jones loss of over 200 points. As a result, USD negative correlation with the Dow forced an EURUSD fall of over 150 pips - see Chart. Today’s released US NFP figures has just added further to the gloom by...

Any chances of a EURUSD bull breakout, as discussed yesterday, have completely evaporated overnight after a spate of poor European fundamental releases. In particular, the German Retail Sales surprised by posting a dramatic fall of 1.5% versus an expected rise of 0.2%. In addition, Eurozone...

Late last week, the EURUSD started to form a major reversal pattern by entering a new Bear price channel - see chart. Overnight, increased levels of risk aversion prompted the USD to surge forcing the EUR/USD to a low of 1.4565 before bouncing of its channel bottom to a present value of 1.4650....

Overnight, the Eurozone posted a weaker Manufacturing PMI at 49.0 versus the expected 49.7 but registered a stronger Industrial Orders rise to 2.6%. The effect on the EURUSD was to produce a mild retreat from 1.4820 to its current 1.4790. Meanwhile, UK releases showed that the Bank of England voted...

US dollar is expected to benefit from ‘Back to School’ shopping and the 24th August deadline for the ‘Cash for clunkers’ program when its Retail figures are released this morning. Unfortunately, this potential improvement may only bring mild relief as on-going consumer spending should be hampered...

Last week’s dramatic rise of the EUR/USD was fueled by increasing trading volumes although the fundamental reasons for doing so were more vague. As such, the EUR/USD dropped out of its new Bull channel overnight falling to 1.4530, see chart. Although the EURO fared well recently against the USD,...