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Greenback's Decline Continues

Greenback's Decline Continues The dollar traded lower against major currencies Friday as equity sell-offs continued and oil prices hit new highs. The yen and Swiss franc rose as increased risk aversion sparked new carry-trade unwinding. ...

Upward squeeze expected in EURO and GBP for week end..

Operators made the unassuming rise in EURO and GBP when traders were thinking no strength in them and taken freely short positions.Now they will slowly rise and squeeze such short sellers to do the short covering at new highs for week ...

Currency Trading For Beginners - 10 Common Held Beliefs That Will Slash Your Profit

... or this in life, let alone forex trading....1. You can predict forex price direction Probably one of the biggest myths out there, prediction is another word for hoping and guessing and you don't get rewarded f...2. Buy low sell high is a great way to make money Not in forex trading - the best and biggest trends come from breakouts to new highs or lows....6. You can day trade and win No you cant - the time period is to short and the data is not valid! Same goes for forex scalping....

Did Euro fakeout?

Euro reached new high but is this a pop and drop? Euro cannot decide what to do even though it is desperate to continue it's uptrend. While this broke to new highs yesterday I was on the phone with someone and this breakout came up in ...

Forex Outlook Apr 23 GBP/USD Holds, EUR/USD...

GBP/USD is holding the recent breakout thru the Mar 14 trendline, sitting on top of the 40-day SMA as of this writing, 1.9923 ... supports going forward are at 1.5775-1.5627. It feels as if new highs in the Euro are no longer

Forex Trading: USDJPY hits 12 year lows

Forex Trading: USDJPY hits 12 year lows Posted by Greg Michalowski on Fri, 03/14/2008 - 10:03am in USDJPY EURUSD continues the rally to new highs.USDCHF testing 100.00 Greg Michalowski's blog

EU leaders fret over euro, employers want forex talks

... to stabilise foreign exchange markets, Italian Prime Minister Romano Prodi said the bloc needed to act soon as the euro and oil prices hit new highs. .. Source

Overnight Forex update

630 Interim Data Update and Comments EURUSD 15628 15523 15575 52 105 0.33 0.67 134 3 USDCHF 10184 10046 10086 -95 138 -0.94 1.37 72 -3 USDJPY 10204 9975 10026 -177 229 -1.77 2.28 70 -5 GBPUSD 20378 20236 20348 108 142 0.53 0.70 124 4 New highs for EUR and lows for JPY, what a shock that is!

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