The Norwegian Krone is less strong than 3 week ago while the Euro got slightly stronger as well and returning to normal levels around  7.75 - 7.80…

European banks try to get around Dodd-Frank

By Stephen Gandel, senior editor at CNN Fortune

For foreign banks, Dodd-Frank might have an escape hatch.

FORTUNE -- Foreign banks may have come up with a way to remain eligible for U.S. bailouts without having to follow some of the pesky rules that came out of the financial crisis, rules that were meant to prevent…

Currently we are  @ 0.9166.    We may see a sideways move before resumption to the R3 target @ 0.9221 due to strong resistance @ 0.9179.   Upper target is the 0.9245 Resistance . A pullback would target the 0.9150 Support.…

We took this trade in our private twitter room and it turned out quite well. Simple price action signal. We tried one time before this one and lost but this trade was much better!

as per inverse H&S, SL 3120 and target over 3450

Euro dollar is retreating from high ground and currently clinging to low support. Worries about Spain’s finances, Portugal’s prospects and global growth all weigh on the euro. In addition, fresh and forward looking PMIs are a big disappointment, including in strong countries. The recession is deeper than thought. We have quite a few events ahead, including speeches from both central…

Gold and silver continue to change directions from gains to losses. Yesterday they have ended in the green. Will this no clear trend continue? Today, U.S. Jobless Claims will be published, ECB President Draghi will give a speech, Bernanke will also give a speech, Canada's retail sales report will be released along with EU Manufacturing PMI.  

The daily analysis and projection…

USDJPY, Bearish Breakout Suggests Further Weakness !

As shown on the 60 min chart of USDJPY; momentum indicators suggested a strong bearish momentum at 83.40 , but the support level 83.00 is still protecting the upward move , we need a clear break below…

EURUSD: Bullish, Further Recovery Risk Develops ; a Positive Reversal Signal

A positive reversal signal occurs after the RSI has tagged 70 (establishing bullish momentum), then in a correction creates a lower RSI low, with corresponding higher price…

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 5:30 am New York time (09:30 GMT).

Initial market sensitivity to this report hasn't declined in recent months quite as much as it has to several other UK economic reports. As the following graph shows, the GBP/USD currency pair has jumped up by 30 to 40 pips during…

This is what I have been writing regularly that the Euro zone’s problem is not over by any means, but recently we have witnessed some of the European issues resolved that may provide the currency some breathing space. And this what Mr. Bernanke said in front of House Government Reform Committee that the European sovereign debt crisis is not over and more work needs to be done.

Such statement or news from Europe will continue to hinder big upside move in EURO…

1. Buy Stop Eur/Usd @ 1.3236, SL @ 1.3211, TP @ 1.3370  at  16:37 GMT

As shown on the 4 hour chart above, we have inside bar pattern , with support at 1.3170 and resistance at 1.3250, the resistance level has been broken with 4 hour close above 1.3250, the drop happened today is normal correction.....

As long as the level 1.3170 holds the next target is around 1.3500 levels, add…

Now Greece is less in the news we looking around again and see whats happening in the USA.

The chart tells me enough.…