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Short-Term Forex Technical Outlook: NZD/USD

A rise in risk aversion pushed the NZDUSD lower this week, and slipped to a fresh low for the year, and the New Zealand dollar is likely to face increased…

US Dollar Ignores Asian Stock Drop as Forex Traders Brace for NFP (Euro Open)

The “safe-haven” US Dollar failed to see a boost as Asian stock markets followed Wall St lower with traders looking ahead to a record job loss in February’s…

Post of the Day: RSI and Bullish Engulfing candle

Student’s Question: Would you agree that this is an example of how RSI supported by a Candlestick pattern can influence your entry?

Trend of the Day: USD/TRY

The Trend of the Day: USD/TRY

Overnight Interest Rate Update 03.06.09

Current Yesterday USD 0.32000 0.31250 GBP 0.83125 1.09375 EUR 1.19375 1.20000 JPY 0.17275 0.17663 CHF 0.16333 0.17667 AUD 3.37500 3.40000 CAD 0.46500 0.53667 NZD 3.45000 3.57500

Fxbootcamp London Outlook 03/06/2009

Forex Market Intervention Threatened as Swiss Inflation Stalls

Switzerland’s inflation is set to come to a standstill with the Consumer Price Index expected to print at 0.0% in the year to February. The growth outlook…

European Economic Calendar: 03-06-2009

British Pound Ends Day Lower as BOE Cuts Rates to 0.50%, Pursues Quantitative Easing

The British pound ended the day down slightly against the US dollar on Thursday, though the pair remains above key support at 1.40. GBP/USD initially fell…

GBPCHF Breaks Support Line

The rally from the December low reached 1.75 and the advance is in 3 waves and fits as wave 4 within the 5 wave decline from the 2007 high. A drop below…