Forex Crunch GBP/USD Breaks Resistance on High Inflation

Forex Crunch GBP/USD Breaks Resistance on High Inflation

GBP/USD Breaks Resistance on High Inflation

Posted: 18 Jan 2011 01:40 AM PST

British inflation stepped up and reached an annual level of 3.7%, significantly higher than 3.3% that was expected. A rate hike is becoming imminent. GBP/USD broke above resistance. The move continues. Inflation has been above the government’s target of 1-3% for a long time. The jump in the producer price index (PPI) reported on Friday,

EUR/USD Jan. 18 – Moving Higher in Range On New Heros

Posted: 18 Jan 2011 12:16 AM PST

EUR/USD moves higher, still within the wide range. New hopes regarding the debt crisis push it higher, as US traders return. A busy day is ahead.  Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Began quietly, but the breakout of minor resistance happened near the end. Current range –

Forex Daily Outlook – January 18 2011

Posted: 17 Jan 2011 02:00 PM PST

American TIC Long-Term Purchases, Canadian Rate Decision and German ZEW Economic Sentiment are the major market movers on out list. Here is an outlook on the main events today. In the US, TIC Long-Term Purchases measuring the difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners

AUD/USD Jan.18 –Aussie Higher Against US Dollar Monday

Posted: 17 Jan 2011 12:12 PM PST

The Aussie was higher Monday against the US Dollar on the heels of skepticism regarding the EU Finance Ministers ability to work out a comprehensive solution to EU debt crisis. The pair seems to be headed for lower territory, trading at 0.9945 (+0.40%) at the time of this writing. Here's a quick update on technicals,
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