CompassFX Webinar with Greg Michalowski Thursday 4:00PM

CompassFX is having a special webinar with Greg Michalowski this Thursday 4:00PM

Archived in Forex Trading

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Forex Trading GBP/JPY broke out of its down trend line then got hammered…

GBP/JPY broke out of its down trend line then got hammered after UK data.

Archived in Forex Trading, Misc

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Forex Trading Absolutely Brutal move with a capital B in Sterling after UK data…

Absolutely Brutal move in Sterling after the UK data. This was the definition of a jig saw move, seeing the pair trade a ~1.9486 high to a ~1.9472 low within a few minutes. Watch out for torrential moves in Sterling related pairs:

Archived in Forex Trading, Misc

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Forex Trading News GBPUSD Making Some Interesting Moves Post CPI

The GBPUSD made a big figure drop after making some gains after the higher than forecast CPI data.  After inflation rose to a high not seen since July 2002 in the UK, it appears that traders reversed their initial reactions as the data was digested. 

Archived in Forex News

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Forex Trading News Key UK Inflation Data Gives GBP a Big Boost

The CPI came out at 3.0% from the previous 2.5%.  A slight rise to 2.6% was forecast

The Core CPI came out at 1.4% from the previous 1.2%.  Again, a rise to 1.3% was forecast.

The DCLG House Price Index came out at 5.2% from the previous 6.7%.  4.5% was forecast for this release.

The GBP made some big gains across the board as the CPI data comes out at a 13 month high. 

Archived in Forex News

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Forex Trading News Preview for Tuesday, May 13th, 2008

Attached is the Forex news preview for today. 

Archived in Forex News

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CompassFX Webinar with Greg Michalowski Thursday 4:00PM

CompassFX is having a special webinar with Greg Michalowski this Thursday 4:00PM

Archived in Forex Trading

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Forex Trading London Session Economic Data Releases

Archived in Forex Trading, Misc

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May 13th 2008 Forex Video News: Economic Releases by Forex.FXDD.com

 May 13th 2008 Forex Video News: Economic Releases  by Forex.FXDD.com  A number of solid releases and Feb speaks today.

For a PDF Version please click on the attachment below.

Archived in Misc, Video

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Forex News Feds Lacker on the wires

Fed’s Lacker is on the wires saying must keep inflation low, including food and energy.  This should be bullish for the dollar.

Archived in Forex News, Misc

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Forex Trading GBPJPY update. Trading near resistance

The GBPJPY is trading near resistance levels of 203.55 (the 100 hour moving average) and near the 38.2% retracement level of the move down from  the May 2nd high at 203.24.   A move above the 203.55 level would solicit additional buyers.

Meanwhile, the GBPUSD was able to breach the 1.9620 level but was could not maintain the bid above it.  The pair is testing the 1.9567 level which is the 100 hour moving average.   A close above the 1.9620 level or below the 1.9567 level should provide the short term direction in the near term.

Archived in Forex Trading, Misc

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Forex News April US Budget Statement comes out as expected

The April budget surplus came in at a surplus of 159.3 billion.   160.0 Billion was expected.  There is no market reaction to the release.

Archived in Forex News, Misc

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Forex News ECB Trichet on the wires

Says: EXC has expressed concern about EURUSD exchange rates.  The EURUSD has come off the highs at 1.5567 on the comment (Trading at 1.5555 now).

Archived in Forex News

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Forex TradingEURUSD remains bid

The EURUSD has remained bid this morning a trades near the high level for the day.  Earlier today, the pair made it through the 200 hour moving average and did not look back.  Now the pair is approaching the 38.2 Retracement level of the move down from the high on April 22nd to the low on May 8th.  This level comes in at the 1.5564 level.

Archived in Forex Trading, Misc

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Forex Trading GBPJPY falls after testing MA Resistance

The GBPJPY tested the 100 hour moving average and reversed this morning. 

The markets are very skittish this morning.  The GBP pairs were all better bid but have reversed some of the gains. 

GBPUSD tested the 1.9620 level but fell back to the 1.9600 level. 

EURGBP sold off hard, made it through the 100 hour moving average at 0.7884 but could not stay below the level.

There is little rhyme or reason to the moves which makes trading the market more difficult today.

Archived in Forex Trading, Misc

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