Forex Killer App. Blog

Overall, the market is heading towards the European session moving side-ways, having no important break-outs during the Asian trading hours. The Euro (Eur/Usd) had some very strong swings in the last day of trading. The euro gained 150 pips, paring the declines seen on Monday. However, the euro was still…
Source:Side-Ways Asian Session

The Australian Dollar could face downward pressure from additional interest rate cuts as the RBA tries to boost credit access after lending to the private sector dropped to the lowest in over a decade. The Euro and British Pound kept to narrow ranges ahead of the New Year holiday.
Source:Australian Dollar Threatened As Lending Shrinks To [...]

The US dollar ended the day down against its major counterparts as the Conference Board’s consumer confidence survey reflected its worst readings since record-keeping began in 1967. Indeed, the index plunged to 38.0 in December from 47.7, with a breakdown of the survey showing a gloomy picture of the US…
Source:US Dollar Ends Day Down As [...]

The Pound-Dollar pair fell 200 pips today, breaking below 1.47, and extending a down move that started around 1.57. Taking a look at the last two months we see that we are at the bottoms of a sideways channel with support from the middle of December a 6 year low….
Source:Franc Gains On Political Instability, Pound [...]

Outlook in GBP/JPY remains unchanged. While another decline might be seen, downside is expected to be contained by key long term cluster support at 129.32 to complete fall from 165.02. Above 139.17 will indicate that a short term bottom is at leaset formed and strong rally shoudl then be seen…
Source:GBP/JPY Daily Outlook

Monday, Dec 29, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081229s’);
Tuesday, Dec 30, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081230s’);
Wednesday, Dec 31, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081231s’);
Thursday, Jan 1, 2009
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20090101s’);
Friday, Jan 2, 2009
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20090102s’);
Source:Summary 12/29 - 1/2

The British Pound/Japanese Yen is starting to show signs of a makeshift bottom, as weekly oscillators have registered their most extremely oversold conditions in over 20 years and subsequently reversed. The short-term picture is less clear, but the pair continues to hover near its lowest levels since 1995.
Source:Japanese Yen May Decline versus Euro, British Pound

Personal spending declined 0.6% in November following a 1.0% fall in the prior month. Personal income fell 0.2% with the prior month’s reading revised down to a 0.1% rise from the initially reported 0.3% increase. Headline PCE inflation decelerated to 1.4% for the year with the core rate remaining flat…
Source:U.S. Personal Income and Spending Decline [...]

Our outlook for the Euro against the US Dollar effectively remains unchanged. “After massive rallies that swiftly took it to multi-month highs, the Euro/US Dollar is likely to continue its correction before any further ascent. As it stands, the pair remains in a very tight short-term trading range, and the…
Source:US Dollar Outlook Unchanged, Look for [...]

The Swiss Franc continued its gains against its main rivals, and had a strong move vs. the Pound today in otherwise light trading. The Pound-Franc pair broke below support at 1.60, in a downmove that spanned 270 pips. The Pound is being pressured by interest rate expectations while the Franc…
Source:US Data Mixed, Currencies Stick to [...]