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USD-CHF @ 1.0632/35…Bullish R: 1.0699 / 1.0817 / 1.0920 S: 1.0600 / 1.0486 / 1.0400 Contrary to our expectations, Dollar-Swiss moved up in the Asian and the European sessions today. The pair has broken above the bearish channel on the daily charts and we may see it rise towards 1.0700-50 in the coming sessions over today and tomorrow. Though, the pair [...]

GBPUSD: Having halted its nearer term recovery at 1.5239, which started from its 2010 low at 1.1875 to close lower the past week, further extension of that weakness is presently seen targeting the 1.4872 level, its July 01’10 low. A firm violation of there will push the pair further lower towards the 1.4768 level, its Jun 02’10 high. We expect a reversal of [...]

Good morning from sunny Hamburg and welcome to a new, interesting trading week with some important economic data and the rate decision of the Bank of Japan on Thursday. But first all our best wishes and congratulation to Spain for winning the Football World Cup in South Africa. Anyways, we hope you had a great weekend and wish you a nice start [...]

Forex trading crowds have sold aggressively into US Dollar (ticker: USDOLLAR) rallies, giving contrarian signal that the Euro/US Dollar pair could fall to fresh lows as the Greenback enjoys a sharp resurgence. The number of traders long the Euro against the US Dollar jumped a significant 19 percent overnight, while the number short fell 12 percent. The net result is that traders are aggressively [...]

Lately, the economic spotlight has been shining brightly on oil, as the EU and the U.S. have both signed sanctions against the importation of Iranian oil. Late last December, European government officials met and finally agreed that they would hold an embargo against the imports of Iranian crude oil. Officials, however, have yet to decide when and how to implement the ban. Meanwhile, U.S. [...]

Lately, the economic spotlight has been shining brightly on oil, as the EU and the U.S. have both signed sanctions against the importation of Iranian oil. Late last December, European government officials met and finally agreed that they would hold an embargo against the imports of Iranian crude oil. Officials, however, have yet to decide when and how to implement the ban. Meanwhile, U.S. [...]

The Commitment of Traders (COT) report is not a market timing tool, but remains a valuable indicator forex traders can use to measure sentiment and spot potential short-term changes in market trends. The Commodity Futures Trading Commission (CFTC) Commitment of Traders (COT) report offers a unique look at the positioning of futures traders across a broad range of markets, and it is quite [...]

Forex News and Events: It seems only fitting that to kick off the last trading day of the year FX markets were just drifting. EURUSD traded down from 1.2964 to 1.2928 with little conviction in thin volume. Gold which took a pounding all week, crawled off the $1522.00 floor to $1563.57. Asian regional indices were higher with Shanghai +1.19% and the Hang [...]

Published at 07:25 (GMT) 30 Dec FX NOW! EUR/USD. EUR/JPY FLOWS – Happy New Year 2012; EUR/JPY 100/ 1.2850 OPTIONS FORECAST Wishes ALL A Prosperous and Healthy and Happy 2012! Thin markets as Asia markets have almost finished the 2011 trading, now Europe/UK and US later. EUR/USD still under pressure, on ongoing concerns over Italian borrowing costs and Greek Government “unity”. EUR/USD at 1.2942-46, [...]

Let’s just get it over with! That’s what the markets are thinking when looking back at 2011. The S&P 500 stock index is finishing the year essentially flat, posting neither significant gains nor losses. If you are a stock market investor, perhaps you are just thankful to get out with your account in tact. But with Treasury yields near all-time lows, and traditional bank [...]

“Psycho” Psychology/Strategy for major markets today * EUR/USD – a marginal new 2011 low and a disappointing bounce. No big catalyst due before year-end, but we still look upon any rally as sell opportunity * USD/JPY – looks offered towards the base, bid in the 77.90s, but remains a 77.50/78.00 trade. * EUR/GBP, GBP/USD – GBP tailing off into the end of year but [...]

By Mike Conlon, ForexNews.com on Dec 28, 2011 01:55:58 GMT End of the year trade is in full effect and lower volumes than normal has not increased volatility very much as can sometimes happen.  This has provided some low risk opportunities as prices have vacillated back and forth between the tight ranges. There is not a lot of news [...]

Italian bonds gain strength, European stocks up on the news Yen has been finding some bids, perhaps influenced by US Treasury Oil stands out as relative outperformer aided by geopolitics Obama asks for more borrowing power Economic calendar extremely light today For any of you trading the markets this week, things have picked up a tad into Wednesday, with volume getting to as about as [...]