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From ForexNews,

The greenback edged up higher against the majors in early US trading, firming to 1.4017 versus the euro and 117.48 against the yen before easing in the afternoon ahead of the FOMC monetary policy minutes. The currency market remains quiet as traders returned to their desks following the holiday to a dearth of fresh economic news.

Read the full post of MG Financial - Fed Minutes Supported USD

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It’s the time of the month again with Non-Farm Payroll in about 2 hours or so.

Let’s show you what I’d usually do before the big numbers and probably derive something from there and then with both fundamental and technical analysis. I’d start my day by visiting Forex Factory’s economic chart and check the forecast and the previous number.

Read the full post of Trading Non-Farm Payroll, The Big Numbers

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So Euro maintained its Interest Rate at 4.00%

Source: Bloomberg on Euro Rises; Trichet May Signal ECB Key Rate Has Yet to Peak

Oct. 4 (Bloomberg) — The euro snapped three days of declines against the dollar on speculation European Central Bank policy makers won’t signal that borrowing costs have peaked after today’s rate-setting meeting.

Read the full post of Watch out for Euro

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Well well, its Friday. What we’ll be looking at tonight or next week

GBPJPY

The range for the pair is closing soon with breaking out either on the top or bottom side of the trendline (more prone to the top now). It’s between 38.2 to 50.0 on the fibo and looks good to breach the 200EMA/SMA line on the top with MACD strength bias to the top as well.

Read the full post of It’s Friday, Pairs To Look Out Next Week

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Again, Euro sets its course to top its new heigh at 1.4087, will it be breaching 1.41xx zone? (EURUSD)
It still looks strong and will probably not be retracing anytime soon from now.

Dan and I were just chatting about this pair and he showed me this chart.

Read the full post of Euro Dollar Sets All Time High

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A turn around for the dollar before interest rate statement next week? Or a huge tumble?

Interesting pairs to look later would be USDCAD, where the candle positions are now closer to the bottom trend line and EURUSD, which the Euro might breach its new height again.

What’s your take?

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Hello Forex Fans,

Im noticing a double top on EU.  My charts say one way, but my gut tells me another, so Im gonna straddle this puppy.

The 100 fib line is right around 1.3785.  Im going to put in a buy limit order to fill me at 10 pips above that number.

Read the full post of Humpty Dumpty’s Corner - EUR/USD Straddle July 11th

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Hello Forex Fans,
I woke up this afternoon to a very big surprise. Overnight, the EUR/USD reached my 161 fib line. This pair seldom ever climbs like this in this short of time period. It has hit the fib and is bounching back. If the present is any evidence of past, the EUR/USD will head down now. This call may take a few days, but I think its worth getting in on.

Read the full post of Humpty Dumpty’s Corner - The EUR/USD surprise. July 10th

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