Action Forex (ALL)

Eur/$, Get More Aggressive With Stops
23 May 2012 at 10:23am
Quick update on eur/$, as the market has indeed resumed the decline, finally taking out the long held target at 1.2625 (Jan low) and below. In the May 22nd email, said to resell there (then at 1.2755) as the last few days of consolidating were just a correction. But this
Greek Debt Crisis: Answers to Frequently Asked Questions
23 May 2012 at 10:05am
The situation in Greece has materially deteriorated in recent weeks. A fragmented election outcome on May 6th led to a frantic search for a coalition government, which ended in failure. As a result, new elections have been called for June 17th, and the country is being run by a caretaker
Trade Idea Wrap-up: USD/CHF ? Buy at 0.9450
23 May 2012 at 9:25am

Although the greenback has risen again after brief pullback and further gain from here is likely, loss of near term upward momentum should prevent sharp move beyond 0.9560-65 (50% projection of 0.9115-0.9500 measuring from 0.9368) and reckon previous resistance at 0.9595 would hold from here, risk from there is seen

Trade Idea Wrap-up: GBP/USD ? Sell at 1.5850
23 May 2012 at 9:20am

Although cable has resumed recent decline and fell to as low as 1.5677, loss of near term downward momentum should prevent sharp fall below 1.5650-55 (50% projection of 1.6124-1.5732 measuring from 1.5849) and reckon 1.5634 minor support would hold from here, risk from there is seen for a corrective rebound

Trade Idea Wrap-up: EUR/USD ? Sell at 1.2735
23 May 2012 at 9:18am

Although euro has fallen again after brief recovery and just hit an fresh 21 month low, loss of near term downward momentum suggests downside would be limited to 1.2550 and reckon 1.2500 psychological support would hold from here, risk has increased for a corrective rebound to take place, however, renewed

Trade Idea Wrap-up: USD/JPY ? Exit short at entered 80.10
23 May 2012 at 9:12am

Although dollar has remained under pressure after anticipated fall from 80.15 (yesterday?s high), and weakness towards support at 79.01 cannot be ruled out, below there is needed to retain bearishness and signal early decline has resumed and extend weakness to 78.70/75, otherwise, further choppy consolidation would take place.

U.S. New Home Sales Increased More than Expected in April
23 May 2012 at 9:06am
Sales of new single-family homes in the US rose 3.3% in April 2012 to an annualized pace of 343,000 units from the upwardly revised 332,000 seen in the previous month (initially reported as 328,000 annualized units). The increase beat market expectations for a modest 2.1% gain. New home sales rose
Canadian Retail Sales Rise 0.4% in March
23 May 2012 at 9:03am
Retail sales rose 0.4% in March 2012, which were boosted by unexpected strength in sales at motor vehicle and parts stores. Sales of motor vehicle and parts unexpectedly climbed 1.2% in March partially to retrace a 2.3% decline in February. The gain in auto sales is in contrast to earlier
EUR/JPY Mid-Day Outlook
23 May 2012 at 8:56am
The break of 100.20 confirms resumption of whole decline from 111.43. Intraday bias in EUR/USD remains on the downside and further fall should be seen to 97.03 low next. On the upside, break of 102.11 resistance is needed to signal short term bottoming. Otherwise, outlook will remain bearish even in case of recovery.
USD/CAD Mid-Day Outlook
23 May 2012 at 8:51am
The break of 1.0246 resistance confirms that rise from 0.9799 has resumed. Intraday bias in USD/CAD is back on the upside and for a test on 1.0522/0656 resistance zone next. On the downside, break of 1.0207 support is needed to signal short term topping. Otherwise, outlook will remain bullish even
Canadian Shoppers Spring Back into Action in March
23 May 2012 at 8:47am
Canadian retail sales regained the ground lost in February, rising 0.4% in March. Sales were up an identical 0.4% in real terms, as warmer than usual weather moved forward many seasonal purchases. The majority of retail sectors posted gains, and reflected the seasonal nature of purchases. Categories with notable increases included
USD Index (USDX) Pushes Above 2012 High; 83.60 In Sight
23 May 2012 at 8:45am
Risk aversion continues a firm grip on the markets and the USD continues to gain from safe haven flow. After consolidating briefing below 82.00, the USDX pushes above this resistance and 2012 high and is at the highest level sine September 2010. This coincides with the EUR/USD falling below the
FX Thoughts for the Day
23 May 2012 at 8:43am
Cable has dipped further and remains pressured on the downside. The overall bearish outlook remains intact and as mentioned in our morning comments we see good chances of seeing 1.5600 on the downside now. Also with lack of upside momentum, the chances of this downmove extending further to 1.5530 and
Trade Idea: EUR/GBP ? Hold short entered at 0.8100
23 May 2012 at 8:34am

Euro?s retreat after yesterday?s rise to 0.8102 adds credence to our view that the rebound from 0.7951 (last week?s low) has possibly ended there and consolidation with downside bias remains for weakness to indicated downside target and possibly to 0.7975. Having said that, only break of said support at 0.7951

Trade Idea: USD/CAD ? Buy at 1.0075
23 May 2012 at 8:30am

Although the greenback has risen again after brief pullback, loss of near term upward momentum should prevent sharp move beyond 1.0330 (61.8% Fibonacci retracement of entire fall from 1.0658-0.9800) and risk from there remains for a minor correction to take place, below 1.0200 would bring pullback to 1.0152 (yesterday?s low)

 

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Most recent Forex news

Papademos? Comments Send Euro Lower
by info@dailyforex.com
23 May 2012 at 3:43am
During the Asian trading session, the common currency Euro continued its slide edging near to a 21-month trough as worries over a disorderly Greek exit escalate.
Markets Focus on EU Response to Crisis
by info@dailyforex.com
22 May 2012 at 3:20am
The Euro refuses to budge too far from the recently struck 4-month low, and is finding it difficult to break through technical resistance.
Uncertainty Prevails to Pressure Euro
by info@dailyforex.com
21 May 2012 at 3:20am
The Euro managed to hold onto another day of gains despite the G8?s somewhat tepid assurances to continue to work towards a resolution for the Eurozone sovereign debt crisis.
Euro Declines as Contagion Fears Rise
by info@dailyforex.com
18 May 2012 at 3:34am
The Euro continues to decline on rising contagion fears and growing worries that Greece will be compelled to exit the Eurozone.
Euro and Aussie Feel the Pressure
by info@dailyforex.com
17 May 2012 at 3:48am
Though the Euro clawed higher, it remains vulnerable as fears of a Greek exit grow on the backs of news that some Greek banks are experiencing a funding crisis.
Greek Mess Sends Euro to 4 Month Low
by info@dailyforex.com
16 May 2012 at 3:31am
In Asian trading, the Euro wallowed near to a 4-month low versus the U.S. Dollar, but traders expect a continued downtrend following the stalemate in Greek politics which will usher in a new election, certainly, but moreover, the increasing risk of a Greek exit from the Eurozone.
Muddled Greek Politics Pressures Euro
by info@dailyforex.com
15 May 2012 at 3:29am
Traders are growing increasingly worried that the political impasse staged by the ruling parties in Greece will ultimately lead to the country?s pull out from the Eurozone which is pushing the common currency lower in Asian trading.
Risky Currencies Fall on Greek Worries
by info@dailyforex.com
14 May 2012 at 4:37am
Greece?s political leaders failed again to find some common ground and form a coalition government to move the country forward, with the likely outcome first another election within the next few weeks and later a possible withdrawal from the Eurozone.
Traders Risk Off Sentiment Picks Up
by info@dailyforex.com
11 May 2012 at 3:24am
The Euro struck a 3½ month low against the U.S. Dollar in Asian trade as news of $2 billion over the past six weeks in trading losses by JP Morgan caused some market jitters and risk aversion.
Euro Broadly Weaker on Greek Worries
by info@dailyforex.com
10 May 2012 at 3:39am
The Euro continues to hold close to a multi-months low versus the U.S. Dollar held there by Greece?s political deadlock.
 

FXstreet.com: Latest News
FXstreet.com: Latest News. We deliver the lastest news in the forex market.

Forex: EUR/USD, break of 1.2620 inviting new sellers to join the party
by FXstreet.com
23 May 2012 at 5:23pm
FXstreet.com (Barcelona) - EUR/USD continues to get cheaper this year, following an intangible EU...

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Forex: USD/JPY around 79.50 post-BoJ
by FXstreet.com
23 May 2012 at 5:03pm
FXstreet.com (Barcelona) - USD/JPY is last at 79.51, bouncing from day lows at 79.21, and falling...

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New Zealand: Trade Balance (MoM) (Apr): 355M
by FXstreet.com
23 May 2012 at 4:46pm
FXstreet.com (Barcelona) For more information, read our latest forex news.

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Forex: Kiwi above 0.7500 ahead of NZ Budget
by FXstreet.com
23 May 2012 at 4:35pm
FXstreet.com (Barcelona) - NZD/USD is last at 0.7517, slightly below Friday's lows and previous...

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Forex: AUD/USD finds ground at fresh 2012 lows below 0.9700
by FXstreet.com
23 May 2012 at 3:35pm
FXstreet.com (Barcelona) - In another day of risk aversion sentiment sending USD index to record...

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Hollande and Monti agreed to consider all measures to boost growth
by FXstreet.com
23 May 2012 at 2:20pm
FXstreet.com (San Francisco) - Francois Hollande, French president, and Mario Monti, Prime Minister...

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U.S. stocks see late recovery to end mixed
by FXstreet.com
23 May 2012 at 2:20pm
FXstreet.com (San Francisco) - After falling on worries of a Greek exit from the euro, U.S. stocks...

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Forex Flash: Expect further declines in the euro ? Wells Fargo
by FXstreet.com
23 May 2012 at 1:40pm
FXstreet.com (San Francisco) - After breaking below key support at 1.2625 and reaching a new...

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Forex: JPY rises on traditional flight to safety
by FXstreet.com
23 May 2012 at 12:59pm
FXstreet.com (San Francisco) - [Current price: 79.40] At the time of writing, JPY is up 0.7%...

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Forex Flash: EUR/CAD outlook remains bearish - Westpac
by FXstreet.com
23 May 2012 at 12:23pm
FXstreet.com (San Francisco) - EUR/CAD has made another leg lower this Wednesday in North America,...

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Forex: AUD/USD touches 6-month low below 0.97
by FXstreet.com
23 May 2012 at 11:38am
FXstreet.com (San Francisco) - The Australian dollar has fallen to a fresh 6-month low against the...

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Forex: GBP/USD approaching daily low
by FXstreet.com
23 May 2012 at 10:41am
FXstreet.com (Buenos Aires) - Market attention focused on European woes has room also to pay...

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Oil drops below $90 a barrel, 6-month low
by FXstreet.com
23 May 2012 at 10:40am
FXstreet.com (Córdoba) - Crude oil plummeted on Wednesday, and dropped below $90.00 a barrel for...

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Forex: EUR/USD extends declines below 1.2550
by FXstreet.com
23 May 2012 at 10:39am
FXstreet.com (San Francisco) - After experiencing a pause at 1.2560 where the pair bounced to...

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Forex: EUR/USD finds support at 1.2560, 22-month low
by FXstreet.com
23 May 2012 at 9:44am
FXstreet.com (San Francisco) - The Euro has continued with its today's decline against the Dollar...

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Forex News, LiteForex company News, Forex Analitics

Great Britain: Retail sales in April: -2.3% m/m
23 May 2012 at 3:17am
FOREX NEWS: It became known today that retail sales in the UK fell by 2.3% m/m(-1.1% y/y) in April against forecast of decline of 0.7% m/m.
Rouble has significantly weakened in the middle of the week
23 May 2012 at 3:16am
Forex analytics: With the start of the trading session of MICEX the Russian Rouble rate has declined in pairing with the USD, amid investors' pessimistic sentiment in the global capital markets. Trading session for the USD started at the level of 31.40 roubles, which is 30 kopeks more than yesterday's closing level; the Euro started at the level 39.83 roubles, (+10 kopeks).Dual currency basket value amounted to ...
CAD: Correction failed for Canadian Dollar
23 May 2012 at 1:18am
Forex analytics: At the Forex currency market the Canadian dollar rate declined on Wednesday under pressure from external negativism.Forex forecast: MACD indicator for the pair USD/CAD continues to go up in the positive area and is giving a buy signal. Stochastic Oscillator traded near borders of the overbought zone, not giving a clear signal.Forex recommendations: in case of breakdown at 1.0230 the pair will ...
AUD: Australian Dollar has reached lows
23 May 2012 at 1:11am
Forex analytics: At the Forex currency market the Australian Dollar rate continues to go down on Wednesday, under impact of negative external situation. Forex forecast: MACD indicator for the pair AUD/USD descends in the negative area, while volumes are high, and is giving a sell signal. Stochastic Oscillator goes down in the neutral zone again and is prepared to go back to the oversold zone. It gives the same ...
JPY: Demand for Japanese Yen is increasing
23 May 2012 at 1:05am
Forex analytics: At the Forex currency market the Japanese Yen rate began to rise in the middle of the week: as external background is obscure again, investors try to avoid risks and therefore, interest to "safe" currency is increasing.Forex forecast: MACD indicator for the pair USD/JPY is moving along the signal line in the negative area and is not giving a clear signal. Stochastic Oscillator has slowed down ...
CHF: Swiss Franc is weakening
23 May 2012 at 12:57am
Forex analytics: At the Forex currency market Swiss Franc rate is weakening on Wednesday under pressure from external background. Forex forecast: MACD indicator for the pair USD/CHF goes upward in the positive area and is giving a buy signal. Stochastic Oscillator ascends in the neutral zone, giving a buy signal. Forex recommendations: in case of breakdown at 0.9480 the pair USD/CHF will go to 0.9490 and ...
GBP: British Pound is under external pressure
23 May 2012 at 12:52am
Forex analytics: At the Forex currency market the British Pound Sterling rate traded downward in the middle of the week as it did not received support which was expected yesterday. Forex forecast: MACD indicator for the pair GBP/USD has broken through the signal line from top to bottom and is giving a sell signal. Stochastic Oscillator remains in the oversold zone and is giving a similar signal. Forex ...
EUR/USD: Euro has new fears
22 May 2012 at 10:37pm
Forex analytics: The pair EUR/USD traded downward at the Forex currency market on Wednesday. By 8.30 Moscow time the Euro is at 1.2670 against yesterday's closing level of 1.2683. Sales were caused by a new surge of risk aversion in the market: investors are waiting for the EU meeting today; they are particularly interested in discussion between leaders of France and Germany. In addition, Greece is becoming news ...
Australia: Leading indicator index WESTPAC in March: +1.2%
22 May 2012 at 10:31pm
FOREX NEWS: It became known in the middle of the week that leading indicator index Westpac in Australia rose by 1.2 points in March, to the level of 284.6 points.
Australia: Leading indicator index CB in March: +0.2%
22 May 2012 at 10:27pm
FOREX NEWS: According to released statistics, leading indicator index CB in Australia rose by 0.2% in March against zero change in February.
Japan: Trade balance in April: -Y520.3 billion
22 May 2012 at 10:22pm
FOREX NEWS: According to the data released on Wednesday, trade balance in Japan amounted to -Y520.3 billion in April against forecast of-Y472.6 billion.
Japan: Discount rate was left at the level of 0.1% per annum
22 May 2012 at 10:06pm
FOREX NEWS: According to decision of the Bank of Japan, discount rate was left at the level of 0.1% per annum.
Eurozone: Consumer confidence in May: -19.3 points
22 May 2012 at 9:38am
FOREX NEWS: It became known today that consumer confidence in Eurozone amounted to -19.3 points in May against forecast of -20.5 points and previous level of -19.9 points.
USA: Sale of houses in secondary market rose by 3.4% m/m in April
22 May 2012 at 9:35am
FOREX NEWS: It became known on Tuesday that sale of houses in the U.S. secondary market rose by 3.4% m/m in April, to the level of 4.62 million houses.
Great Britain: CPI in April: +0.6% m/m
22 May 2012 at 3:24am
FOREX NEWS: It became known today that CPI in the UK rose by 0.6% m/m (+3.0% y/y) in April against +3.5% y/y earlier.