Forex Crunch EUR/USD Oct. 26 – Still Range Bound

Forex Crunch EUR/USD Oct. 26 – Still Range Bound

EUR/USD Oct. 26 – Still Range Bound

Posted: 26 Oct 2010 12:05 AM PDT

EUR/USD fell off the 1.40 wagon once again, stuck in a frustrating range. Will it chose a direction today?  Here's a quick update on technicals, fundamentals and community trends. EUR/USD above 1.40 once again. EUR/USD Technicals Asian session:  EUR/USD played around 1.3950 during this session. Current Range between 1.3950 to 1.4030. Further levels in both [...]

Forex Daily Outlook – October 26 2010

Posted: 25 Oct 2010 03:00 PM PDT

American CB Consumer Confidence, US S&P/CS Composite-20 HPI and British Preliminary GDP are the major events today. Here is an outlook on the most influential activities awaiting us in the next 24 hours. In the US, American CB Consumer Confidence fell to a reading of 48.5 in September from 53.2 in August due to less favorable business [...]

[Video] Euro, Pound Weakness, GDP Tension and More

Posted: 25 Oct 2010 09:09 AM PDT

On the weekly interview on Forex TV, I discussed the bearish sentiment on EUR/USD and GBP/USD as well as the jump that we might see with USD/JPY. Technical levels are also discussed here. Speaking with Julie Sinha, I also went over this week’s key events, with the best kept for last: the first release of [...]

Why What You Know Can Kill Your Trading

Posted: 25 Oct 2010 06:37 AM PDT

We have all been there before. You look at your charts and you see a classic pattern forming be it a head and shoulders or bear flag or any of the other well known trading patterns. Since you've seen this pattern many times before and you just know exactly what the market is going to [...]

AUD/USD Parity Getting Closer Again

Posted: 25 Oct 2010 06:36 AM PDT

AUD/USD made a move upwards and is less than 50 pips from parity once again. The Australian dollar enjoyed rising prices and high confidence from the central bank, and is likely to pause before any move higher. Update. The Australian Producer Price Index (PPI) was a big surprise – it jumped by 1.3% in Q3, [...]
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