EUR/USD got out of the perfect range and dipped lower, retreating quickly. Today is a rather light day in terms of events. Will it lose the critical support line? Here is a quick update on technicals, fundamentals and community trends. EUR/USD supported twice (red line) at 1.2660, twice resisted at 1.2770 and dipped lower. Click to enlarge. EUR/USD Technicals Asian session:  A dip lower to 1.2640 and a retreat back to the range. Current Range... 

Canada ‘s employment change and Unemployment Rate are the main events on the last day of this trading week. Here is an outlook on today’s market-moving events. In Canada, employment change showed an unexpected decrease of 9300 jobs in July after excellent figures in the previous months an addition of 23.9K new jobs is predicted now to help the loonie and Unemployment Rate is expected …  Read More →

After a one month pause, Australia returned to posting excellent job figures, with the unemployment rate dropping to 5.1%. The reaction built up slowly, but now, the previous resistance line far behind, and the pair is at a 4 month high. Update on this strong currency. Australia enjoyed many months of improving job figures. Last month, job data was mixed , with…  Read More →

U.S. and Canada’s Trade Balance and employment figures are the most influential events on our calendar before we close another week of trade. Here is an outlook on today’s events. In the US, Unemployment Claims an important signal of overall economic health expecting to continue last week’s drop by another 2k reaching 470K. Later in the US, Trade Balance deficit grew wider than expected by growing to almost 50 billion a decrease to... 

The Bank of Canada raised the interest rate for a third time in a row to 1%. This partial surprise sends USD/CAD down to another attempt on the support line. USD/CAD fell from 1.0470 to 1.0415 at the time of writing. The Canadian dollar is now approaching a significant line: Update 14:00 GMT : Canada’s important indicator, Ivey PMI was stellar – 65.9 points, 10 points more than expected. USD/CAD broke below 1.04 and now trades at 1.0370.... 

EUR/USD took a hard hit on the fresh news about the European debt crisis and deteriorated sharply. It ranges lower. Will it lose the critical support line? Here is a quick update on technicals, fundamentals and community trends. EUR/USD broke below two uptrend support channels. Click to enlarge. EUR/USD Technicals Asian session:  Busy session, with Euro/Dollar trying to recover and rise above 1.2722 and failing. Current Range is between 1.2665... 

On the weekly video outlook on Forex TV , I spoke with Julie Sinha about the current market mood, events that will shake currencies and technical levels to watch out for. Europe is suffering from debt issues for quite some time. The climax of the crisis was in May, but since then, this front has been silent. And then, t he US took over. America was troubled with terrible economic indicators for some time. This sent the dollar down, and eventually... 

Guest post by  ForexTraders.com The U.S. Dollar fell across the board against all the major currencies last week with the exception of the Pound Sterling. The most price action was seen against the commodity dollars with the Aussie, Loonie and Kiwi ending up as the best performers versus the Greenback last week. Traders reported that the primary piece of data adversely affecting the Dollar’s fortunes was the disappointing ADP Non Farm Payrolls... 

A fresh report shows that many big European banks were very “creative” when it came to estimating the size of the sovereign debt that they held. This already sent the Euro way down. Will this turn into an avalanche? Is the debt crisis returning through the front door? At the beginning of May, the financial world was rocked by sovereign debt issues in Europe. IT turned from a “Greek tragedy” into an all-European …  Read More →

Australian rate decision is the major event on our calenday. Here Is an outlook on today’s market moving events. In Europe, German Factory Orders a leading indicator of production released monthly has registered 3.2% rise in June. A smaller rise of 0.6% is expected in July. For more on the Euro, read the  EUR/USD forecast and Casey Stubbs’  latest analysis . In Great Britain, Halifax HPI a leading indicator of the housing industry’s... 

Guest post by Kris Matthews ( http://tradeforexfundamentally.com ) I feel that something equally important as the strategy that one uses to trade with is the psychology. Trading (especially forex) is not an easy thing to do and it can be disheartening when losses occur. I wanted to give you something to look forward to so you know what’s required to become successful. The following video is inspired by an anonymous statement from a trader who... 

The forex quiz has come to an end, and it’s time to announce the winners. A reminder of the quiz rules: The winners are the top three participants that received the highest amount of “Likes”. The winner will be awarded $100, the runner up – $50, and the person in the third place will get  $25. The payment will be made directly to the participants’ PayPal accounts, with . There’s no need to open an account with any forex broker.... 

We start the week with some interesting updates on ANZ Job Advertisements in Australia, ECB President Jean-Claude Trichet specks in Europe and more. Let’s see what’s awaiting us today In Europe, President of the European Central Bank Jean-Claude Trichet speaks at the National Bank of Romania Gala Concert, in Bucharest. The Euro may be affected and info provided on future…  Read More →

Rate decisions, job figures and many more high risk news forex events provide opportunities for binary options trading. Here are potential setups for forex this week. Binary options can be utilized as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options can be used for trading on news events.  You can trade binary options at StartOptions , a respected binary options... 

The upcoming week consists of industrial production publications among other figures. Here’s an outlook for European indicators and an updated technical analysis for EUR/USD. EUR/USD daily graph with support and resistance lines on it. Click to enlarge: EUR/USD managed to cling to the uptrend channel, even through Friday’s release of US Non-Farm Payrolls , which came out better than expected. This week is rather mild regarding US...