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rise towards 1.1900 to reach the next cycle top on 4 hours chart is still possible in a couple of days. Near term support is at 1.1712, a break below this level will signal the resumption of the down trend. Sponsors Forex Articles

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EU officials watch USD attentively. Minutes of the September 18 FOMC meeting released CURRENCY TRADING SUMMARY US Dollar Trading (USD) advanced against a basket of currencies as speculators trimmed bets on the Federal Reserve reducing

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[…]

Original post by James | PinoyMoneyTalk.com

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UK industrial output and producer prices are due at 0830 GMT and these reports could partly shed light on the outlook for the British economy and where interest rates are heading.

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Many are attracted to forex trading with the promise of fast money and usually the opposite happens. Trade higher timeframes, 4hour to daily at the beginning and learn to read price action/candlesticks. Price tells you the mood of the

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Market-moving news for the week ended October 5, 2007: BSP cuts key interest rates The Bangko Sentral ng Pilipinas (BSP) reduced the overnight borrowing rate and overnight lending rate by 25 basis points to 5.75% and 7.75% from 6.0% and

Original post by James | PinoyMoneyTalk.com

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“The recent market reaction to the banks and financial institutions delivering earnings warnings suggest most of the damage to their stock price has probably occurred”

UNITED States stocks finished mixed in quiet trade on Monday with many market participants absent for the Columbus Day holiday and investors positioning for the upcoming quarterly earnings season. via The Straits Times

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The Dollar gained in quiet trade on Monday against most major currencies as Investors reassessed risk and bet that Friday’s sell-off on a US payrolls report was overdone. September job growth was the best since May and eased concern

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Japanese September Eco Watchers Survey: Current 45.3 Japanese September Eco Watchers Survey: Outlook. UK September NIESR GDP Estimate. See Also. New to Forex? Read more about currency trading.

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