Posted: 19 Jan 2011 12:12 AM PST

EUR/USD is now above the strong resistance line, but is very hesitant. Will the breakout be confirmed, or is it again, a false break? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Slowly moved up and passed resistance. Current range – 1.3440 to 1.3576. Further levels in both

The Long Trend for GB

Posted: 18 Jan 2011 11:03 PM PST

How should we regard the UK Claimant Count Figures due Weds 0930 GMT? There could be a temporary dip in the count, but will this actually mean unemployment has gone done, or more importantly that more people are economically active? Guest post by Bob Nielsen People are thrown off the count for transgressions of the complex

Forex Daily Outlook – January 19 2011

Posted: 18 Jan 2011 02:00 PM PST

US Building Permits, BOC Monetary Policy Report and British Claimant Count Change are the highlight of today’s events. Here is an outlook on the major market movers ahead. In the US, Building Permits a reliable gauge of future construction activity dropped by 20,000 to 530,000 while analysts expected 570,000. A rise to 560,000 is expected

AUD/USD Jan.19 –Aussie Higher Again Against US Dollar

Posted: 18 Jan 2011 12:25 PM PST

The Aussie was higher again Tuesday against the US Dollar ahead of the EU Finance Ministers meeting today. Will the Aussie continue this upward trend or will we see a continuation of the Bearish move since the beginning of the year? The consensus is that the pair seems to be headed for lower territory. The