Hello

Euro bounce from 1.3060 support for second time means we are heading north now, in H4 chart after breaking resistance now my focus is on daily resistance around 1.3340/50 that we might see next week. For today after breaking 1.3170 resistance we should see 1.3220/40 targets for today.

Thanks

Reza

The EURO continued its unclear direction yesterday trapped between 1.3060 and 1.3180 , bottomed at 1.3068 , topped at 1.3184, closed at 1.3142..

Today I assume a bearish move testing the key support 1.3120 / 13080 , a clear break below this level should test the key support 1.3030/1.3000.

Immediate resistance is seen around 1.3185, stability below 1.3250 is indeed to keep the bearish move suggested for today valid, a clear break above this level would mix up things and test…

The USDJPY trades now near to an important resistance level around 81.80 ,what do we have here:

1- The long-term bear channel resistance around 81.50 / 81.80 area.

2- 61.8 % Fibonacci retracement of  15 Mar 2012 highs to 16 Apr 2012 lows at 81.77

3- %R indicator suggests a trend continuation at 81.50 of the bearish breakout 82.25

4- RSI , broke below the 30, suggested bearish momentum in medium term ,then rose towards 60 , broke above it, then declined below 60,…

Euro is locked in a range, 200 pip bound trading is expecterd between 1.2980-13180 this week surviving dip below 1.30 due to poor US data, but all odds suggest that Euro’s upside will remain limited as sellers of currency will not hesitate to short Euro in the absence of any positive news from  the Euro-zone region.

Preferred strategy remains unchanged i.e, to sell Euro on the rise, as Europe has nothing positive to offer. In reality European financial market…

Friday's London trading session brings an economic report that has been known to rattle sterling, News flow during Thursday's London session will include the latest retail sales figures for the United Kingdom. The monthly statistical bulletin on retail sales from the Office for National Statistics is due for release at 4:30 am New York time (08:30 GMT).

As I discussed in my preview of last month's…

I hate to wave the flag but... Interesting pattern developing in USD JPY - is BOJ up to it the task at hand???…

Click on the iPad for the full article.

(c) AT

US equity markets are opening with some light selling pressure despite some positive stories out of Europe.  During the latest bond auctions, treasury fell in France and Spain and corporate earnings from some key financial companies (Bank of America and Morgan Stanley) surpassed analyst estimates, and both stocks rose more than 4 percent after the releases.  The latest earnings report from eBay was also particularly strong and sent the stock price 11 percent higher before topping.

A…

Currently we are @ 81.58 after breaking out of the falling wedge and the down trendline to the upside.  We are waiting for a pullback/retrace to take out the R3 and then possibly a move to the 81.93 resistance.…

Euro dollar rebounded from yesterday’s slide (April 18th), as the pair has climbed into the mid-1.31 range. The markets remain wary about the fiscal situation in Spain. The country held a successful bond auction earlier in the week, raising the full target of EUR 3 billion in government bonds. Another auction to raise EUR 2.5 billion is scheduled for today. However, the yields on these bonds have…

Hello friends,

Yesterday recovery from 1.3060 support capped by 1.3160 although  price  cracked H4 resistance but as was told in 18 Apr post   this move is known as market natural behavior and my expectation is returning price to 1.3050/60 and even lower levels in coming sessions. Again short trades in 1.3100 break is suggested for 40-50 pips profit…

AS shown on the chart posted below, the GBPJPY continued to gain strongly, till stopped by 38.2% retacement of the run (127.10 / 133.48) around 131.00 levels , a clear break above this level may add more bullish momentum and delay the drop testing 133.50 area , but a clear break below 129.55 is supposed to lead for massive bearish move testing the key support 127.10 ..

According to 60 min chart, the pair is rising with low momentum , so a drop may happen any moment with strong…

Federal Court Orders Colorado Defendants Flint-McClung Capital LLC and Shawon McClung to Pay over $6 Million in CFTC Action Charging Them with Running Forex Ponzi Scheme

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the District of Colorado entered an order against defendants Flint-McClung Capital LLC (FMC), of…

Gold and silver declined yesterday and thus continue to dwindle with an unclear trend. Yesterday the IMF issued a report in which it stated European banks' financial problems are far from over and they may reduce their balance sheets by as much as $2.6 trillion. The IMF also forecasted the EU will contract in 2012 by 0.3% and expand by only 0.9% in 2013. This grim outlook may bring down a bit the Euro during today's…

Virginia Federal Court Orders Ronald W. Smith, Jr., Doing Business as Safeguard 3030 Investment Club, to Pay More than $3 Million in Forex Ponzi Scheme

In a related criminal proceeding, Smith pleaded guilty to federal criminal felony charges

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Virginia entered a…

Spain's Treasury, known as the Tesoro Publico, will auction between €1.5 and €2 billion ($2 to $2.6 billion) in two- and ten-year bonds on Thursday. Spanish bond auction results are typically released between 4:30-5:30am New York time (08:30-09:30 GMT). As I mentioned in this post, there's been a lot of recent media attention and market chatter devoted to this bond auction.

Those with a…

Since last week, news from Europe and Spain continues to dominate the world financial market.  This week we saw successful biding of Spain’s short term bond, but today’s 10-year auction would further indicate investor’s confidence level in Spanish economy.

Spain’s latest doubtful bank loan figures added more to country’s economic gloom, since February’s number suggest that the ratio of bad loans jumped to 18-years high to Euro 143.8 billion to 8.15 pct of the…

It's Apple's market cap versus the combined market caps of all of the publicly traded companies…

Those in the live NY  #Live training room got this #trade setup today +90 pips  http://tinyurl.com/2cdn9sf #forex…