EURUSD @ 1.3230

The EURUSD continued its bullish momentum last week, topped at 1.3270, bottomed at 1.3103 and closed at 1.3242...

This week I assume a bearish move testing the key support 1.3103, a clear break below  this level would lead for more loses testing the key support 1.3000..

Immediate resistance is seen around 1.3320 where bounce back to downside is expected , stability below 1.3320 is indeed to keep the bearish move suggested for this week valid , a…

Consumer price inflation (CPI) in Europe dropped during the month of April, as the latest release showed that prices rose 2.6 percent on a yearly basis.  This is a slight drop from the 2.7 percent rise that was seen in March but the number was slightly higher than the 2.5 percent forecast that was generated by most market analysts.

The President of the European Central Bank (ECB) released comments outlining the official inflation outlook at the end of last week and he used the term…

Welcome Dinner at Sal Café on the BEACH!

On the first evening of the ITC, on Wednesday June 20th, we will do a Welcome dinner with all speakers and attendees so we all know each other and network from the very first day!

That will take…

Currency Correlation Matrix

Chart Key:

- strong positive correlation…

CME Group Expands Multi-Asset Class OTC Offering with First Cleared FX Non-Deliverable Forward

CHICAGO, April 30, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, announced today that on April 27 the company cleared its first customer FX Over-the-Counter Non Deliverable Forward (NDF) trade, further expanding the company's market leading OTC solution across multiple asset classes. The currency cleared was the Brazilian Real.…

RULE #1 Do not take trade advice from chat room or unprofessional blogs (like mine) :-D

Currently we are @ 80.05  just below the 80.21 support.  Since we did not get a bounce but a breakdown here we are now looking for the S4 Target @ 79.46.  Lots of confluence here for a bounce ( 2 supports, trendline bottom and the S4).   If we can bounce here -  Looking for a move back to the support  @ 80.21…

  Brian Twomey goes inside the currency market

    Plato: I see Spain GDP was released "better than forecast" for the quarter at -0.3%. Is that why the Euro won't drop due to the better than forecast report.

  Socrates: Again it makes no sense Plato. News reports compare Spain's GDP quarterly forecast to last year's quarter. As if that makes a difference. You see Plato, you must look at Spain's GDP forecast today in terms of the larger picture. All of 2011 saw…

Gold and silver slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain's GDP had contracted by 0.3% in the first quarter of 2012 – the same rate as in the previous quarter. This is another report showing the economic slowdown Spain is at. Currently this news doesn't seem to have much of an effect on the financial markets. In a recent report by the IMF Mexico, Russia and Turkey added to their gold reserves…

Target from the 4/21 weekly update achieved :-)

http://www.forexstreet.net/profiles/blogs/usd-gbp-a-test-of-1-63-seems-likely…

Euro dollar took advantage of weak US data, as the pair climbed to the mid-1.32 level. United States GDP for Q1 posted an increase of 2.2%, disappointing the markets which had predicted a 2.5% increase. Last week’s bright spot for the US economy was the UoM Consumer Sentiment release, which posted a slight increase and posted its highest reading in over a year. On the continent, concerns continue…

Hi everyone

I'm proud to announce today that we have added research from JP Morgan, ING and Fidelity to the recently launched beta version of Interbank Talk, the new interbank's sentiment news feed integrated inside FXstreet's Market Talk section:…

I feel pair has formed Double Top Pattern, continuous rejection below 1.33 level 

pair find minnor support @1.3217 and below 1.3217   pair will resume bearish view  towards 1.3030   initially target 1.3185,1.3145…

in short term E/u re bounce ~= 1.3250 so watch us session

While all attention is on European debt problems, many forget what's going on in the rest of the world.

Interesting YouTube movie and article what it mean to the US Dollar, Gold, inflation,  etc.

Maybe old news but still reality. 

(c) http://www.youtube.com/watch?feature=player_embedded&v=FcP3fVEp9y8

(c)…

This week our FREE Signals are on AUDUSD - you can check the Live Data Box & find trading opportunities around the clock.



For today a quick review of the signals/levels, together…

Looking at the chart above we are doing our top down analysis to find a trade on the 4 hour time frame. Therefore we start with this daily time frame to get the market sentiment. The things that we will take notice is:

1. Price vs Kumo:

Price is inside the Kumo…

this was the end of the evening the ehem gentleman sort of in the pic is the young ladies fiancee - she caught the bouquet he caught the garter - it's all almost perfectly legal they…

Last week gold slightly increased despite the expectations that the FOMC meeting will adversely affect bullion prices. Silver price slightly declined last week. The U.S GDP for Q1 2012 didn't…

Despite the high expectations for dramatic turns during last week's big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the forex and commodities. As we are entering a new…