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Forex News»

  • Global equities continue to rise
    Global equities continue to rise
    Global equity markets continued their march upward yesterday, as positive investor sentiment refused to be spoiled...
    on Apr 23, 2014 17:21

Opinions»

Inflation below 0.5% could force the ECB to act

Inflation below 0.5% could force the ECB to act

Apr 23, 2014 15:28
A move below 0.5%  in headline CPI, the ECB’s mandate, would be seen as a trigger point beyond which the ECB will be unable to simply stand by and keep talking about...

Majors»

GBP/USD Outlook April 21-25

GBP/USD Outlook April 21-25

Apr 20, 2014 13:16
GBP/USD continued to climb against the US dollar last week. The pair posted modest gains, closing at 1.6782. This week’s highlight is Retail Sales. Here is an outlook...
  • USD/JPY Forecast Apr. 21-25
    USD/JPY Forecast Apr. 21-25
    The Japanese yen retreated as the US dollar enjoyed wide gains across the board. Will the pair make a meaningful...
    on Apr 20, 2014 12:19
  • EUR/USD Forecast Apr. 21-25
    EUR/USD Forecast Apr. 21-25
    EUR/USD fell lower on a Sunday gap and could never retake the previous levels. Will the attempts to talk down...
    on Apr 19, 2014 15:00
  • Forex Weekly Outlook Apr. 21-25
    Forex Weekly Outlook Apr. 21-25
    The pound and the dollar emerged as winners in a week that saw the euro and the yen retreat. US housing data, the...
    on Apr 18, 2014 18:12

Minors»

AUD/USD Forecast April 21-25

AUD/USD Forecast April 21-25

Apr 20, 2014 11:45
AUD/USD remains at high levels, but had an uneventful week, posting modest losses. The pair closed the week at 0.9329. This week’s schedule is light, highlighted by...
  • NZD/USD Forecast Apr. 21-25
    NZD/USD Forecast Apr. 21-25
    The New Zealand dollar corrected the big gains and closed lower after the disappointing CPI. Is it a change of...
    on Apr 20, 2014 11:40
  • USD/CAD Outlook April 21-25
    USD/CAD Outlook April 21-25
    For the second straight week the Canadian dollar showed little change, closing slightly above the 1.10 line. This...
    on Apr 20, 2014 10:22
  • AUD/USD Outlook April 17-21
    AUD/USD Outlook April 17-21
    AUD/USD continues to shine, posting gains of about a cent last week. The pair closed just below the 0.94 line. This...
    on Apr 13, 2014 14:46

Basics & Industry»

How to trade forex like Richard Donchian

How to trade forex like Richard Donchian

Apr 22, 2014 13:00
Richard Donchian was a commodities and futures trader who began his career on Wall Street in the 1930’s. It’s fair to say that Donchian was somewhat of a genius and trading...
  • MT4 on a Mac
    MT4 on a Mac
    If you’re a Forex trader and a Mac user then you might be limited when trying to find a broker with Mac compatible...
    on Apr 15, 2014 16:12
  • How to trade forex like Richard Dennis
    How to trade forex like Richard Dennis
    Richard Dennis is a famous commodities trader from the 1970’s. He is famous for setting up a pioneering team...
    on Apr 15, 2014 13:00
  • Taking Advise When Trading Forex
    Taking Advise When Trading Forex
    ‘Forex Trading is easy’, so the many websites would have us believe, but if it was, wouldn’t...
    on Apr 10, 2014 13:43

Recent Articles

Global equities continue to rise

Global equities continue to rise

Global equity markets continued their march upward yesterday, as positive investor sentiment refused to be spoiled by the potential for escalation in Ukraine and macro-economic data in the US that lacked spark. The S&P added another 0.41% to its valuation, marking the sixth up-day in a row and the longest positive streak in 7 months,

US new home sales disappoint with 384K – USD lower

US new home sales disappoint with 384K – USD lower

A big disappointment from the US housing sector: an annual level of 384K new homes were sold in the month of March. The number of sales of new homes was expected to rise to an annual level of 455K in March from 440K in February (before revisions). Sales of new homes trigger a wide range

Forex Analysis: GBP/USD Trading Near Four-Year Highs

Forex Analysis: GBP/USD Trading Near Four-Year Highs

April 23, 2014 – GBP/USD (daily chart) is currently trading just off its four-year high of 1.6840 that was established late last week. From the beginning of the current bullish trend in July of 2013 around the 1.4800 double-bottom low, the currency pair has risen by over 13% in only nine months. Throughout the course

Inflation below 0.5% could force the ECB to act

Inflation below 0.5% could force the ECB to act

A move below 0.5%  in headline CPI, the ECB’s mandate, would be seen as a trigger point beyond which the ECB will be unable to simply stand by and keep talking about the potential for further easing measures, says Simon Smith of FxPro. In the interview below, Smith also addresses the US economy “spring bounce”,

USDJPY: Sells Off, Target Additional Weakness

USDJPY: Sells Off, Target Additional Weakness

With USDJPY breaking out of consolidation to the downside, there is risk of further weakness. Support lies at the 102.00 level with a breach of here targeting the 101.32 level where a violation will aim at the 100.75 level and then the 100.00 level followed by the 99.00 level. On the other hand, resistance resides

EUR/USD Daily April 23 – Solid PMIs Push Euro Higher

EUR/USD Daily April 23 – Solid PMIs Push Euro Higher

EUR/USD is pointing higher on Wednesday, as the pair trades in the mid-1.38 range in the European session. In economic news, Eurozone and German PMIs beat the forecast, but French PMIs missed expectations. In the US, today’s highlight is New Home Sales. The markets are expecting the indicator to improve in March. Here is a quick update on the technical situation,

MPC worried about UK current account deficit, notes house price momentum

MPC worried about UK current account deficit, notes house price momentum

No surprises in the MPC Meeting Minutes: unanimous decisions all around. However, the notes are interesting. These are the minutes from the April meeting which saw no change in policy. A unanimous vote was expected in both policy tools: an interest rate of 0.50% and a QE program of 375 billion pounds. In recent years,

EUR/USD: Trading The German Ifo Business Climate

EUR/USD: Trading The German Ifo Business Climate

German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD.

NZD/USD Long-Term Trend and RBNZ Policy Bias

NZD/USD Long-Term Trend and RBNZ Policy Bias

NZD/USD is moving inside a strong uptrend, as seen on its long-term forex time frames. However, the pair is testing the top of the ascending trend channel on the daily chart, indicating a potential selloff. Recall that the latest leg of the rally was inspired by a hawkish RBNZ (Reserve Bank of New Zealand) interest

Aussie decline

Aussie decline

The wind was taken out of the Aussie’s sails overnight with the release of weaker than expected CPI data.  This took 1 cent from AUDUSD which pushed a two week low below the 0.93 level.  Recall that it was not that long ago that the central bank was doing its best to talk down the