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Dollar Upside Acceleration Favored

By DailyFX -

The EURUSD, GBPUSD, and AUDUSD key levels remain intact. The US dollar bottoming scenario remains favored.

6-24-09Dailys-01
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Forex News

Think Like a Dealer – FOMC Wednesday

Think Like a Dealer - FOMC Wednesday

The US Federal Reserve prints it’s FOMC statement tomorrow at 2:15pm EST. After the Fed’s last FOMC announcement, we saw the futures markets price in a much higher expectation of the Fed increasing US short term interest rates by the end of 2009. Without going into the mechanics of futures, US Treasuries and the USD, ... ...

Forex News

U.S. markets open with moderate gains; Dollar and Yen drop

U.S. markets open with moderate gains; Dollar and Yen drop

By FXStreet – U.S. stock markets have opened Tuesday’s session with moderate gains ahead of the release of two key reports on the housing markets. Euro and Pound are performing sharp recoveries as risk appetite returned. Dow Jones Industrials Index edges up 0.16% while the Nasdaq Index rises 0.39% and the S&P Index trades 0.36% ... ...

Forex News

Hedgestreet Re-Branded as Nadex, Offering Same Service

Hedgestreet Re-Branded as Nadex, Offering Same Service

Nadex (The North American Derivatives Exchange) is a very interesting concept allowing you to trade stock indices, commodities, forex, and economic events with Limited Risk in a transparent, regulated market. Nadex, Inc. is a retail-orientated exchange offering simplified derivatives contracts on the world’s markets. Nadex is subject to regulato...

Forex News

US Data Events – Week of June 21 – 26

US Data Events - Week of June 21 - 26

Wednesday June 24 – US Fed Reserve Announcement @ 2:15 pm EST. Expect statement on Fed’s Quantitative Easing Program. No expected change to short term interest rates. Thursday June 25 – US 1st Quarter Gross Dommestic Product statistics released @ 8:30 AM EST. We have seen the Estimated and Revised data….now we see the Actual...

Trade Ideas

Safety Position – Short EUR/CHF into the Weekend

Safety Position - Short EUR/CHF into the Weekend

The chances of a direct conflict between the US and North Korea are escalating. The US Navy is reportedly following a North Korean ship through international waters. Under recent UN sanctions, the US could request to board and search the vessel. North Korea would certainly not allow this to happen. Also, North Korea has promised ... ...

Trade Ideas

Short Term Trade Idea – Long EUR/USD

In the below image, we put a EUR/USD 30 minute chart overlaid with our standard Bollinger Bands (“BB”). We see higher lows for the last 16 hours and a fairly tight channel moving higher. The risk/reward scenario seems to be pointing towards the 1.4000 level last seen yesterday. We suggest a Buy Limit order just ... ...

Trade Ideas

USD/JPY Limit Sell at 96.92

USD/JPY Limit Sell at 96.92

By Forex District – The pair fell under the 96 level amid worries in the banking sector and overall weaker stocks. S&P downgraded and revised the outlook for 22 US banks, increasing concerns of the banks ability to generate profit. Overall, trading has been mixed over the last couple of weeks as it continues to ... ...

Forex News

Euro and Pound Pick Up on Jobless Claims Figures

Euro and Pound Pick Up on Jobless Claims Figures

By FXStreet – U.S. Initial jobless claims rose by 3K to 608K on Jun 13 week, while continuing claims declined by 148K to 6,686K on the week of Jun 6th for the first time since early January. EUR/USD has picked up from 1.3910 intra-day low to test minor resistance at 1.3960 level. The Pound has ... ...

Forex News

U.S. Dollar Rally May Have Legs

U.S. Dollar Rally May Have Legs

By FX360 – The primary theme in the currency markets today was the recovery in the U.S dollar as the greenback staged its strongest rally against the Euro since March. However it was a combination rather than a single factor that drove the dollar higher. Concern about the financial sector in Europe, Russia’s shift on ... ...