EURUSD: With EUR selling off and reversing its Thursday gains, the risk is for the pair to decline further towards the 1.3033/03 levels. We may see price hesitation at this level but if taken out, further declines should target the 1.2975 level where a violation will call for a run at the 1.2879 level, its Jan 23’2011 low. Its daily RSI is bearish and pointing lower supporting this view. On the other hand, to annul its present downside pressure, EUR will have to break and hold above the…

Currently we are @ 106.44 after breaking out of the downtrend and we are now building a descending wedge.  We are looking for a move to the 105.99 and then the support  @ 105.42.  A break up  here targets the S5 @ 107.52.…

Australian employment figures brought a lift to markets overnight, as the much stronger figure surprised traders with a rise of 44,000 new jobs for the month.  Consensus estimates were looking for a rise of 6,500 jobs and for an increase in the unemployment rate, but this figure also managed to hold steady at 5.2 percent.

But while the figure is relatively impressive, the monthly average for the year still remains weak and this is likely to bring a rise in the unemployment figures in…

You might say that the EUR/USD response to the release of last month's US CPI report defied recent historical norms.

I discussed last month's report and the post-news trade on the euro here.

Although the…

The EURUSD maintained another bullish move yesterday , topped at 1.3212, bottomed at 1.3101 and closed at 1.3187...

Today I assume another bullish move testing the key resistance 1.3180/1.3210 zone, a clear break above this area would test 1.3250/1.3280 zone.

Immediate support is seen around the key…

Euro dollar continues sliding lower after hitting high resistance yesterday. The relatively weak Chinese GDP weighs on the common currency, as global demand is essential for European growth. A busy day in the US closes the week, including QE3 related inflation figures and a speech by Ben Bernanke just before markets unwind. Will Bernanke hurt the dollar on Friday the 13th?

Update:…

USDJPY; A trend continuation of 83.45 at 81.12 opens risk towards 79.00/78.00 levels

As shown on the hourly chart, last month we had bearish breakout at 83.45  - USDJPY, Bearish Breakout Suggests Further Weakness ! - according…

Enter with 3 bar reversal at resistance.  This trade is at 1:2 right now with stop trailing at 1 R.

EURUSD ; Risk to 1.3350 Has Increased With Triangle & Double Bottom Pattern !           

If we take a quick look to the daily chart , a possible triangle is suggested , ranging around  the key support 1.3100 and the key resistance 1.3300..

Well, the daily RSI also supports this point, It found strong support around 1.3033, If we shift down to the 4 hour , the…

CFTC Charges Brad Lee Demuzio of Idaho and his Company, Demuzio Capital Management, with Operating a Fraudulent $1.8 Million Commodity Pool and Forex Ponzi Scheme

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a complaint in federal court in Idaho charging defendant Brad Lee Demuzio of Chubbuck, Idaho and his company, Demuzio…

CFTC Orders Rosenthal Collins Group, LLC, a Registered Futures Commission Merchant, to Pay More than $2.5 Million for Supervision and Record-Production Violations

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Rosenthal Collins Group, LLC (RCG), a Chicago, Ill.-based registered futures…

my system shows most majors in FLAT zone for short-term,watch the table (http://pipsandtips.com/LIVEDATA/table.php) for signals in the next hours! this should be interesting! my preference is shorts today, but will let the market decide ;)

Gold and silver rallied yesterday and with this gain they have both advanced from their tumble at the beginning of the month. The U.S jobless claims rose and thus may have been among the factors to pull down the US dollar. Today, there are several reports to come out including: U.S CPI, Great Britain PPI and U.S TIC Long Term Purchases.…

So far it’s been an exciting week as all 12-FED voting members spoke on different occasions and spoke their heart out about monetary policy. Though Fed Vice Chairman Janet Yellen had a dovish approach like Fed Chairman Ban Bernanke, but the remaining members were Hawkish in their approach.

Interestingly, my observation is that they all were talking on the same wave length supporting lose monetary policy. They are of view that reducing unemployment is…

some nice play to see..yesterday's up move reason caused by rumour of chinese GDP...so today not good figures y not drop??

i see 2 possibilities.

1.if we see upmove the reson will b that pairs got rejected from there resistence and bounced from there support.

2. news could become reson.

all played well GDP bad figures and other figures good so let's see what market players think and do...best of luck all

Ranking FX this week so far.

Click on the table for more.

Gold and silver didn’t do much yesterday after they had rallied in the past couple of days. The slow market day has passed and today the situation should be different. The rally in oil and U.S stock markets didn’t coincide with the decline in metals during yesterday’s trading. Today, there are several important reports to come out including: U.S jobless claims weekly update, American Trade Balance and U.S PPI.…

Lateralus - Tool

http://youtu.be/wS7CZIJVxFY…

Currently we are @ 106.47 after breaking out of the downtrend.  We are looking for a move to the R3 @ 106.86 and then the resistance @ 107.52.  A breakdown here targets the return to the R1 @ 105.97.…

Euro dollar moved up slightly yesterday (April 11th), as the markets responded positively to a hint by the ECB that it may purchase more bonds to ease the financial crisis. However, investors remained concerned, with the focus now on Spain, which has declared it plans to implement new austerity measures, possibly in the next few weeks. There are numerous releases today in Europe and the US, but…