Euro dollar is leaning lower within a lower range, after more weak European data and before the highly anticipated Non-Farm Payrolls. The boost given to the pair by Draghi faded out. French, Greek and also local German elections are scheduled for the weekend and traders might clear positions ahead of all this risk. How will the pair end this turbulent week?

Here’s an update on…

Gold and silver sharply declined for the fourth consecutive business day. Yesterday both metals were traded down following the U.S jobless claims and sharply fell even below expectations. On the other hand the U.S non-manufacturing PMI dropped to 53.5. The forex market didn't move much but U.S stock markets and major commodities prices declined during yesterday's trading. It…

Federal Court in New York Orders Thomas Qualls and His Company, International Foreign Currency, to Pay More than $4.6 Million in Restitution and Penalties in Connection with Off-Exchange Forex Futures Fraud

Qualls was convicted on related fraud and obstruction of justice charges

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that a…

Last day of FREE Signals on AUDUSD - you can check the Live Data Box & find trading opportunities around the clock. Next week we will feature another currency pair, possibly a JPY cross.



Today we have a look at EURUSD for possible swing…

With the Yen being one of the strongest currencies of late we will look at the opportunities arising from it's recent strength. With all Ichimoku signals bearish on the daily time frame our sentiment is for a short opportunity. Seeing that the pair had a false Kumo break on 4/10/12 and then a pullback into the Kumo we had to wait until price found strength to break the Kumo. This opportunity happened 20 days later…

The Market loves playing "games" with all types of traders. The official reason is due to there being a price zone or area were both the "bulls" and the "bears" are fighting over a support or resistance area.

This can lead to sudden price movements both ways - until one side "wins" and is able to carry on with the move - whether it be another 10-100+ pips up or down.

If you are a day trader and trade either intraday or just one trade per day - you have bound to have suffered…

iFXExpo update: a month ahead the iFXExpo, 1st B2B Forex Expo ever,  will get started, they have over 150 companies attending and confirmed, over 35 companies exhibiting and CitiBank, SaxoBank and MigBank have joined as partners to the event that will take place the 30th and 31st of May 2012 in Cyprus.

No doubt, a big success... congratulations guys!

Of course, FXstreet.com will be attending the…

The International Traders Conference's 5th edition to be held in June 2012

Fxstreet.com will host in June of this year its International Traders Conference (ITC), an educational event on the currencies market that gathers together world-class experts in…

Hi everyone

On Tuesday (labour day holiday in most of Europe) the village my family goes on weekends and summer vacations called l'Argilaga organized a walk on the countryside and a paella for all villagers.

L'Argilaga is a very small village of 4 streets located 10km from Tarragona or a 100km from Barcelona... it is so small, that children walk freely on the streets and have freedom to go around at their will and parents can relax and enjoy a great time.... The best place to…

excellent move guys... two thumbs up!

Francesc

MIG Bank Launches a Subsidiary in Europe, Bringing Greater Transparency and Security to the Forex Markets

LONDON, May 03, 2012 (BUSINESS WIRE) -- One of Switzerland's largest banks that specialises in online trading, MIG Bank SA, has received its Financial Services Authority…

Currently we are @ 0.9155 after building a nice ascending wedge.   This remains bullish for the cross.  We are now looking for the 0.9190 area which should stall it due to all the congestion around that level.  Higher  targets are 0.618 Fib Extension @ 0.9204 area.  …

Boris Schlossberg and Kathy Lien leaving GFT to form their own managed forex fund

by Michael Greenberg at Forex Magnates

As was already announced on our Linkedin Group two days ago Boris Schlossberg and Kathy Lien are leaving GFT to form their own fx fund.

Boris and Kathy are iconic figures in the forex analysis market. The fx…

After the euro’s plunge yesterday (May 2nd), Euro dollar has edged slightly downward. The sharp drop, in which the euro lost close to one cent in value, was precipitated by weak employment data out of the Euro-zone. Today’s key releases include an ECB interest rate decision and press conference, as well as US employment and manufacturing PMI data. Although a repeat of yesterday’s slide is…

Gold and silver decreased for the third consecutive business day. The recent news from Europe of the unemployment rising to 10.9% didn't help the Euro. Today's ECB rate decision might play a role in the forex and commodities markets. The ADP projects the U.S employment expanded by 119k during April. If tomorrow's U.S non-farm report will show a similar result it may adversely affect the USD and consequently may help pull up bullion.…

i feel eurusd has rising wedge pattern targeting towards1.3075     pair has strong level 1.31 and 1.3070  and resistance @1.3160 ,1.3210

if pair breaks below 1.3070 (where brown line appeared in chart below) then futher downside will extend to 1.2950…

Hello Traders,

Euro decline yesterday seem be continued today too, as shown in H1 chart we have declining channel resistance is located now around 1.3160/70 (38% of yesterday decline), projected targets are around 1.3050/60 seem to be tested today. As was told in yesterday post comments  selling the pair around 1.3160 is wise with stops above 1.3210 and targets first below 1.3100 and next…

The EURUSD declined yesterday towards 1.3100 levels , bottomed at 1.3122 , topped at 1.3240 and closed at 1.3147...

As shown on the daily chart below, the pair declined from the suggested levels in the previous reports around 1.3275 but as said before the key support 1.3103 is still strong and stopped the bearish move !

At this moment the pair is hovering around 1.3150, according to daily RSI , the pair is still trapped inside the triangle with trading between 40 and 60 levels…

Those in the live NY  #Live training room got this #trade setup today +46 pips  http://tinyurl.com/2cdn9sf #forex…

As shown on the 4 hour chart below , the USDCHF has formed a strong bullish breakout which was confirmed by momentum indicators and falling wedge pattern - bullish reversal , but If we look to the daily chart, the pair is still trapped inside the triangle suggests sideways move, the bullish breakout happened on the 4 hours suggests more gains towards the sloping resistance of the triangle around -0.9200 - 38.2% retracement of the rally 0.8567 - 0.9595.

A clear break with a daily close…

  Brian Twomey goes Inside the Currency Market.

   We've traveled light years to answer the question of risk as it pertains to the modern day currency market. Think about days of old post World War 1 when the last time exchange rates were allowed to free float. Those days lacked an indicator, a computer, ease of transactions so what was left to calculate exchange rates was risk in relation to exit and entry measured by first logarithms to the base 10 then logarithms to the…