Posted: 13 Jan 2011 12:56 AM PST

This Thursday at 12:00 GMT, the Bank of England will release its Official Bank Rate. this release is not expected to create great volatility in the GBP/USD, as the new rate is usually already priced in the market. Therefore it can be very advantageous to trade this event using Binary Options rather than conventional Forex.

Forex Daily Outlook – January 13 2011

Posted: 12 Jan 2011 02:00 PM PST

Very busy day, In the US Chairman Bernanke Speaks in Arlington, MPC Rate Statement in the US and much more exciting news ahead us. .Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke, Due to deliver a speech titled “Overcoming Obstacles to Small Business Lending” at the Federal Deposit Insurance

AUD/USD Jan.13 –AUD Again Up Against the US Dollar

Posted: 12 Jan 2011 12:19 PM PST

The Australian Dollar traded higher today against the US Dollar seemingly topping out its correction of the last few days. The direction of the next major move is critical in determining where the pair is headed. At the time of this writing the pair was trading at 0.9941 (+0.76%). Here's a quick update on technicals,