Forex Crunch EUR/USD Feb. 23 – Testing Critical Resistance

Forex Crunch EUR/USD Feb. 23 – Testing Critical Resistance


EUR/USD Feb. 23 – Testing Critical Resistance

Posted: 23 Feb 2011 03:33 AM PST

EUR/USD is rising and hesitating towards critical resistance after an impressing comeback yesterday. Will it break higher this time? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Euro/Dollar jumped above 1.3700 and managed to stay there. Current range – 1.37 – 1.3760 Further levels in both directions: Below 1.37,

Forex Daily Outlook – February 23 2011

Posted: 22 Feb 2011 02:00 PM PST

Existing Home Sales in the US & MPC Meeting Minutes in the UK are only some of the today's highlights. .Let’s see what awaits us today. In the US, Existing Home Sales, number of residential buildings that were sold during the previous month excluding new construction is about to rise by 0.05M. Sale of a

AUD/USD Feb.23–Aussie Continues Down against US Dollar on Mideast Concern

Posted: 22 Feb 2011 12:16 PM PST

The Australian Dollar was lower again Tuesday against the US Dollar on the back of continued concern  of Middle East unrest and stronger US Consumer Confidence. The Aussie was trading at 0.9976 down 1.05% at the time of this writing. How will the Middle East unrest affect the Aussie? Here's a quick update on technicals,

US budget impasse poses a big risk for the dollar

Posted: 22 Feb 2011 09:41 AM PST

With markets transfixed by the unprecedented developments across the Middle East and North Africa, it is perhaps understandable that the emerging train-wreck that is US fiscal policy is not getting much attention. This is a mistake. Guest post by FxPro An unusual late-night session on Friday resulted in the Republican-led House of Representatives agreeing to chop

Trade Leaders Program – $2 billion Already Traded

Posted: 22 Feb 2011 06:35 AM PST

Investment in forex traders is on the move – Currensee’s trade leaders program hit the $2 billion mark in traded volume. The program allows people to automatically trade following closely monitored trade leaders, as they would invest in mutual funds. The program was launched around 4 months ago, and is growing rapidly. The overall yield

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