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Forex News Desk

Forex News Desk

http://fxnewsdesk.com

Updated forex news and commentary about trading currencies. Topics include news about individual currency pairs, economic news, and feature articles. Also features an economic calendar that signals news trading events and a Forex/Economic glossary.

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  • Forex Weekly Trading Forecast – 11.23.09

    Posted on Friday November 20th, 2009 at 21:56 in eur usd

    US Dollar Forecast to Remain Range-Bound versus Euro Euro May Finally See a Breakout Against the Dollar This Week Against Japanese Yen Breakout Looms in Thin, Risk-Driven Trade British Pound Outlook Remains Bearish Ahead of UK GDP Revisions Swiss Fr...

  • US Dollar Remains in Downtrend Despite Gains – High Event Risk Next Week

    Posted on Friday November 20th, 2009 at 18:20 in eur usd

    •    British Pound Down as Bank of England Likely to Remain Neutral •    Euro Gains Amidst Signs European Central Bank May Wind Down Liquidity Programs •    Japanese Yen Dominates as Equiti...

  • EUR/JPY Support Levels Provide Targets For Scalpers

    Posted on Friday November 20th, 2009 at 12:25 in eur usd

    The EUR/JPY has been under pressure as risk appetite has faded, sparking a flight to safety and broader yen support. The pair has fallen to major support levels which may slow its decline and offer a period of consolidation. The upcoming Thanksgivin...

  • British Pound Fails to Find Support at 20-Day SMA, Euro Maintains Narrow Range

    Posted on Friday November 20th, 2009 at 06:41 in eur usd

    The British Pound weakened against the greenback for the fourth day and slipped below the 20-Day SMA (1.6580) to a low 1.6516 during the European trade, and the currency may face increased selling pressures going into the North American session as i...

  • Euro Still Considering Close Below 50-Day SMA

    Posted on Friday November 20th, 2009 at 04:41 in eur usd

    The markets continue to show signs of a potential rolling over as currencies slowly lose their firm hold on the buck and begin to recede on the back of some ongoing concerns over the prospects for the global recovery and downbeat comments from the l...

  • US Dollar, Japanese Yen Surge on Risk Aversion as Dell Earnings Disappoint

    Posted on Friday November 20th, 2009 at 02:48 in usd jpy

    The US Dollar and the Japanese Yen soared in Asian trading as stocks slid after a disappointing earnings report from computer-maker Dell Inc., boosting demand for safe-haven currencies. The Bank of Japan kept interest rates unchanged at 0.10% as exp...

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