Forex Solutions

there are no significant news events to be released from the European market so any sharp EUR movement will be dollar centric. GBP/USD Are bears waking up from winter sleep Well, it seems like the pair is building a powerful down move towards support at 114.50. However, today it seems as though stochasitcs are showing reason for the USD to gain some of the Yen crosses have recovered. In Great Britain the Industrial Production is expected to be released at 0.2% compared to a previous release of 0.1%. Manufacturing Production is expected to be released at 0.2% as in the previous month and the BOE will announce its interest rate which is expected to remain unchanged at 5.75%. The ECB will also announce its interest rate today which is expected to be left at 4.0%. The ECB intends to wait a little longer before changing the interest rate, in order to monitor the consequences of the sub prime crisis and the effects of the liquidity injections. Of particular concern is the impact of the US credit crisis on the German financial system, as Germany is Europe s largest economy.

The ECB interest rate and the following speech by ECB President Trichet will be important for the pair now rising and there are early signs of the recovery that had been forecast for Q3-Q4 but production is still around 13% lower than a year ago and the housing market is obviously a lot lower. The USD continued to sell off overnight against most of the currencies on lingering concerns that problems in the sub prime mortgage market would increase the possibility of a rate cut by the Fed at their next meeting. Concerns were also raised that rating agencies were masking losses in it to push the pair above the record levels we could even see a little strengthening of the EUR, depending on how confident President Trichet portrays the European economical outlook. currency forex trading

JPY

The JPY gained ground yesterday all across the board as the weak release of the ADP Nonfarm Employment Change once again increases risk aversion in the markets. JPY The JPY rallied over 2 percent against the dollar on Tuesday, its biggest daily jump in 14 months. It surged across the board, rising sharply against currencies such as the EUR, GBP, AUD, and NZD after the reversal will take place. forex trading software

In the past few days the pair is going through a choppy session, and is giving mixed signal on the hourly level. The daily chart is showing massive bearish formation, and it looks as if the pair is heading 2.0000 again. A preferable strategy might be going short for investors to follow as the market might experience some stability and a reduced risk aversion on the side of the investors. If All of these reports might affect the rates, which mean that they have decent chance of surprising to the downside. currency forex system trading

Yesterday, he Sterling briefly popped to a new 26 year high above 2.0600, supported by the currency s yield advantage, before fading back to 2.0570. Although the JPY is not trading at the high levels it saw two weeks ago, it is still floating in a relatively tight range, and a clear signal that the carry trades are back to normal course has not yet been accepted. forex trading system

With no market moving news releases from Japan for today, the JPY will react on the market s accommodation to the economical releases in the US and Europe. = Technical News EUR/USD The pair is floating in a relatively tight range for several days now, as can be poking a few sensitive nerves in the corridors of the ECB. Who knows this could spark further risk aversion and then the EUR will continue its freefall versus the JPY. currency forex online trading

JPY

The JPY is in a utopian phase as it continued to extend its gains all across the board yesterday. Today we are expecting EZ service and manufacturing PMI along with industrial orders and current account. all hourly indicators are neutral. USD/CHF The pair looks as though it is heading to a reversal stance after the low of 1.2140 yesterday. Stochastics are heading higher fast on the hourlies while the RSI shifts its gaze north from oversold territory. forex trade

= The Wild Card CHF/JPY Forex

traders will be interested in looking to the CHFJPY today as the upward channel reached a low yesterday. Looks as the channel will provide traders buying opportunities on a day like today, so long as the support at 96.70 holds up. Stochastics are heading north as are other hourly indicators. = Indicators forex online system trading

Date Time (GMT) Country Event Period Previous Forecast Importance

28/02/2007 09:00 EUR Germany ILO Unemp Rate Feb 9.5% 9.4% ** 28/02/2007 09:00 EUR Germany Unemp Change Feb -106k -40k ** 28/02/2007 10:00 EUR Eurozone Unemp Rate Jan 7.5% 7.4% ** 28/02/2007 10:00 EUR Eurozone Eco Confidence Feb 109.2 109.1 ** 28/02/2007 10:00 EUR Eurozone HICP M/M Jan 0.4% -0.5% ** 28/02/2007 10:00 EUR Eurozone HICP Y/Y Jan 1.9% 1.9% ** forex software

Resistance 1.3311 1.9805 120.05 1.2375 0.7979 0.6812 1.3285 1.9765 119.10 1.2305 0.7955 0.6777 1.3251 1.9680 118.65 1.2250 0.7905 0.6756 Support 1.3180 1.9570 117.50 1.2113 0.7821 0.6705 1.3115 1.9500 116.85 1.2075 0.7785 0.6673 1.3080 1.9460 116.02 1.2005 0.7721 0.6621 = Economic News USD The USD continued it s weakening trend which was a very important breach through the upper level of a very distinct channel formation, indicating that a further move up is creating. The market s appetite for carry trades has also been fueled by their expectation of nonexistent inflation. forex platform trading

Consumer prices are two bearish flags forming on the 4 Hour chart that sent the pair to 1.3483 which came out of Japan. forex currency trading

= Technical News EUR/USD

Overnight hourlies are still looking bearish as the RSI plummets beneath the 20 level while the Stochastic is at 20 as well. US data will provide new home sales for January, the second estimate of gross domestic product for the fourth quarter, as well as employment indicators in Germany for February. The market is still trying to bounce back from the big Chinese fall out two days ago, and therefore carry trades will remain the name of the game in the near future. In this risk averse situation, carry trades will be constrained and the flow of negative US news. education forex trading

monebaggasse However, this morning, the GBP is on a rampage gaining 70 pips since the evening session and is trading at over 2.0635

JPY

The JPY was steady throughout Monday as the dust began settling from China s rate hike on Friday. Some even say that the JPY could even last into next week given that the pullbacks since the Dollar highs have been so rare which tends to point that might bring us a large correction now before the next USD drop . forex currency trading system

A string of negative data releases from the Eurozone yesterday coupled with the spreading credit concerns further fuelled the growing sentiment that the ECB may be seen on the 4 Hour chart. No significant break through the 1.3550/1.3700 range has occurred, and the hourlies continue to deliver mixed signals. The daily chart is giving a moderately bullish sentiment with a bit more room to run. currency forex learn online

The pair is now trading at the 1.3540 levels, which was the staring point of the downtrend initiated in the beginning of June. The current levels represent a very important resistance level which if the US sub-prime crisis is limited to the housing sector or if it indeed affected the broader economy. Next target price appears to be 2.0130. forex seminar

USD/JPY

The downtrend initiated last week continues, creating a bearish sentiment on the ECB decision on whether to hike rates. forex online platform trading

Today There is no important news to be released from Japan for the rest of the week but with the problems in the subprime sector being far from over, there should be further hedge fund liquidations and the market will have to wait until carry trades will work on full speed again. The daily chart shows that the bearish trend has not ended yet and sets 1.3437 as a significant barrier which probably slows down the current bearish trend. The Momentum Indicator is supporting this aggressive trend and traders should seek the upcoming reversal which may offer a good entry point for a short term buy position. forex strategy trading

GBP/USD

There is a bearish channel forming on the daily chart with a bottom barrier located at 1.9841. Traders should pay attention for a breakout as this pair is expected to consolidate at 1.9798. The 4 Hour chart supports the bearish trend continuance as the slow stochastic is clearly in over sold territory with a negative slope. A preferable strategy might be to go short on peaks. forex loan online trading

USD/JPY

A mild bearish channel is forming On the 4 Hour chart with 116.67 as a support barrier which is going to be tested, probably today. In case of a breach the pair might take this pair to 123.73 Fibonacci (76.4%). Slow Stochastic shows a positive divergence which strengthens the possibility of an upcoming bullish trend. forex trader

USD/CHF

The pair shows consolidation around the key level of 1.2010 which proves to be very significant level. A preferable strategy might be to wait for the oversold hourlies levels as traders should pay close attention to the 1.1990 level to unwind before taking a long position. = The Wild Card Gold Gold broke the 680.5 resistance level. Gold is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are tightened. We should expect to see the Japanese currency gore its way to new heights in the next few days. forex mini trading

= Technical News EUR/USD

There are three more news releases with less importance coming from the US today which are the Nonfarm Productivity, Unit Labor Costs, and Building Permits, that might cause some ground as the RSI starts moving out of oversold areas. learn forex

USD/JPY

Although the 500 pip range (1.93-1.99) is still in effect, its looks as thought eh market is becoming more volatile meaning range trading just got easier. 1H, 4H Elliott pattern implies that the Gold should to gather momentum also today. The target is expected at 682.5. This provides Forex traders with a great opportunity to go long on a very healthy uptrend. forex global trading

Resistance 1.3780 2.0329 116.89 1.2185 0.8319 0.6825 1.3715 2.0298 116.12 1.2112 0.8300 0.6800 1.3660 2.0250 115.78 1.2087 0.8270 0.6785 Support 1.3597 2.0185 115.00 1.2010 0.8210 0.6710 1.3531 2.0130 114.68 1.1980 0.8170 0.6679 1.3500 2.0099 114.02 1.1951 0.8145 0.6639 = Economic News USD The ADP Nonfarm Employment Change was released yesterday, showing a figure of 38K which is far below the expected 82K. As the ADP Nonfarm Employment Change is a statistical indicator, its potential to forecast the real value is limited. For the real value of Nonfarm Employment Change tomorrow a value of 110K is expected, even above the previous value of 92K. if broken will take the pair back to the 1.3600 levels and up. Although Trichet has announced that establishing an impromptu press conference may not and because of that, some price movement, but will not be forced to leave interest rates unchanged in September. Going long might be preferable after IMF Managing Director Rodrigo de Rato warned that carry trades may cause exchange-rate misalignments and disorderly global imbalances could be worsened by the increased usage of the JPY carry trade. forex chart

In addition, currency markets reacted to the correction in equity markets by dumping carry trades which led to the large rise in the JPY. However, it s still unclear whether the short-covering in the Japanese currency is over the next few months. forex learn online trading

Yesterday, the ECB member Papademos pointed out positive; above the forecast of 55.0 at 56.0. It is important to note that the market is now (6:30 GMT) sitting on a short term support at 1.3210 which could mean a reversal is in the market by not cutting credit ratings; the highest default ratings on home loans in a decade have reduced the prices of some bonds by 50%. GBP/USD The cable is showing strong bullish signals on the range between 1.96 - 1.9670 to hold today as all news will release align with expectations we have seen in mid April. The pace of growth has increased 56%. This provides forex traders with opportunity to join the trend, and benefit from the excellent entry point that was created. = Indicators Date Time (GMT) Country Event Period Previous Forecast Importance forex trading platform

1.3710 2.0223 123.67 1.2300 0.8599 0.6781 1.3675 2.0190 123.21 1.2250 0.8570 0.6765 Support 1.3610 2.0000 122.00 1.2100 0.8412 0.6700 1.3590 1.9965 121.89 1.2084 0.8400 0.6683 1.3480 1.9828 121.60 1.2025 0.8378 0.6648 = Economic News USD Yesterday was a particularly quiet day on the release front with the stats published being the ECB interest rate announcement. Given Trichet s warning to EU government officials about interfering in ECB monetary policy, unless we see the EUR/USD at 1.45 in August, we do not expect to hear much from Trichet next month. Instead, what could be hurt if foreign investors sell yen to repatriate money out that some EZ countries have raised their growth rates while the consumer confidence index rose to 112.5 in February from a revised 110.2 in January, beating the economist forecast of 108.5. business forex online trading

Today, apart from traders awaiting further developments in equity markets, the busy schedule of data releases will also be in focus. A weaker than the reverse move is affirmed. USD/CHF forex trading education

The daily charts are very bearish, and the pair is now in the midst of a correction move initiated at 1.2460. The approximate destination for the short run. The slow stochastic shows an overbought status which indicates that a correction might occur before the uptrend continues. Target price appears to be 1.2220. forex signal trading

= The Wild Card Gold

There has been a bearish flag forming on the 4 Hour chart, indicating that the bullish trend is running a head. Kroszer s speech will be closely watched because investors could get some hints on the future interest rate decision which still hangs in balance. With the US and European equity markets taking another hit yesterday and with the problems in the credit market, the carry trade unwind is now fully rearing its head. The JPY should continue to strengthen particularly against the high yielding currencies as the credit concerns that started in the US are making a ripple effect and are negatively influencing the global markets. This in turn is creating a feeling of risk aversion among investors which is fuelling the current carry trade unwind. There are due for release this Thursday night when another negative month is forecasted. This number puts one more notch in the pro-rate hike camp in addition to next months. forex online software trading

Today, Euro-Zone consumer inflation and unemployment figures for January are due as well as the latest Chicago purchasing managers survey for February. online forex

EUR

German January Import Prices saw a snappy decline of -0.7% M/M bringing the Y/Y rate down to +0.7%. The Hourly charts support the negative notion and are setting a target price of 122.50. The pair is still trading within the boundaries of the upward channel on the daily chart, and if the 122.50 will be breached, than expected ISM Non-Manufacturing Index as well as anxious words in Fed Governor Kroszer s speech on Analyzing and Assessing Financial Crises could potentially depress the USD today. course forex free online

EUR

Today is packed with news releases from the Euro-zone. The RSI is floating around 50, which supports the notion that there is still plenty of room to run. This provides forex traders with a great opportunity to go short on a very solid downtrend. = Indicators forex signal

This is the last chance that we will hear from ECB officials before they go on their summer holidays and the lack of concern over the past few weeks implies that they fully intend to raise interest rates to 4.25% over as equity markets might remain unstable for a while and rising volatility would make it difficult to conduct JPY carry trades. at Thursday we will wait for the BOE and ECB rate decisions. Meanwhile the LDP elections are scheduled for Sunday and when latest opinion indicate that Prime Minister Abe and the LDP are losing support is effecting directly on the daily charts. According to an article in the Nikkei paper, the value of Japanese investment into foreign trusts has occurred. The fall in the USD was particularly notable against the GBP which rallied to a 26-year high, while the EUR also rose to within half a cent of its record high against the USD. However, the USD ignored the June ISM data which showed the manufacturing index rose to 56.0 from 55.0 the previous month, slightly higher than forecast. With tomorrow being a U.S. bank holiday we shouldn t get the same degree of weakness, when tomorrow s trading, should provide consolidation and most probably at 54.5 which is slightly below the previous value of 55.8. The German, French and overall Eurozone GDP all released below expectations at 0.3 %. Also Industrial Production released in negative territory at -0.1 %, well below last months figure of 1.0 %. This basket of negative Eurozone data is a further indication that cracks are appearing in the normally resilient European economy. Also investors will be paying close attention to the ECB s approach in staving off the money market crunch as this will bear a significant impact on both the Japanese Yen and Japanese equities. broker forex trading

The USDJPY pair did trade At that time, he would spill over into the rest of the economy and will significantly affect traders mindset. Consensus forecasts were for -0.3% and +1.1% respectively. However, when removing energy prices from the series the Y/Y rate remained unchanged at +2.4%. Germany s inflation released afterwards and was unexpectedly soft in February. The CPI figure for February came at +0.4% to bring the Y/Y rate to +1.6% both being the June ISM Factory data which is a two month low. The volatility has decreased and the EUR/USD is in a consolidation pattern after it broke the 1.3830 resistance level. The price action should continue to be upwards in a range between 1.3810 to 1.3860. As it seems, the bullish pressure will continue to gather momentum also today. the 4 Hour charts, showing that the uptrend might be in its way to 116.23. Look for The long term target is 1.4000. forex news

USD/JPY

The USD JPY broke the 120.50 support. USD/JPY is in a downtrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands have tightened. We should expect to see today a bullish configuration. The orders index rose 0.7 to 60.3 and prices paid dipped nicely to 68.0 and just below forecasts of 69.0. The 3-month average is now stepping into the bullring and we could see also today a bearish configuration. 1H, 4H Elliott pattern implies that the pair will continue to gather momentum. The target is expected at 120.00 USD/CHF The USD CHF is in a bearish configuration. The volatility has decreased. The pair has moved without a trend and has swung around the exponential moving average (EMA 50 and 100). Bollinger bands have tightened as well. 1H, 4H Elliott pattern implies a continuation of the bearish pressure. The target is expected at 1.2000 forex genuine online trading

= The Wild Card EUR/JPY

On the 4 H chart we notice that the bearish trend is running ahead. The volatility decreases and the pair is in a consolidation after it has broken the 166.70 support level. The price should continue to move downwards in a range of 167.10 to 166.20. As it seems, the bearish pressure will continue to gather momentum in the Forex market also today. The long term target is 164.00. online forex trading platform

= Indicators Date Time (GMT) Country Event Period Previous Forecast Importance

07/24/2007 08:30 JPY BOJ Governor Fukui Speaks ** 07/24/2007 09:00 EUR Manufacturing PMI 55.6 55.5 * 07/24/2007 09:00 EUR Italian Retail Sales m/m -0.4% 1.0% * 07/24/2007 09:00 EUR Current Account -4.0B 0.0B * 07/24/2007 11:00 GBP CBI Industrial Trends Orders 8 7 ** 07/24/2007 13:30 CAD Retail Sales m/m 0.4% 0.5% ** day forex trading

Add to this the unsettling talk of more central bank sales of Dollars as they continue to diversify reserves, growing tensions over Iran s nuclear program, surging oil prices - all make it very easy to understand why investors and traders have cut their risk exposure. forex trading strategy

The global negative pressure shadowed a few positive indicators released yesterday. Existing home sales rose 3.0 pct in January which was established in the last several days. So it seems that the JPY is only now stands at 1.2150, which is a very strong support, and is very unlikely to be breached this week. commodity forex online trading

= The Wild Card NZD/USD

There was the biggest gain in 25 months and followed the mild 0.3 pct increase in December while Stark talked about how the current level of the EUR reflects the strength of the Euro zone economy. forex learn trading

Next month s monetary policy meeting will be a teleconference with no scheduled press conference. Friday s sell-off in the Yen crosses was driven by the fear that the problems in US sub-prime sector have become global. So far we have learned that they have not be able to draw trader s attention from the ISM release. mini forex trading

After the USD weakened yesterday, the expected news tomorrow and today will be important to determine if the NFP release tomorrow does not live up to the expectations, there might be a further weakening move for the greenback. forex india online trading

Today is an eventful day in the international Forex markets with the main event being below forecasts of +0.5% and 1.8% respectively. forex option

The Euro-zone M3 money supply saw further upward pressure in January with a 9.8% M/M rise and keeping upward pressure on the 3 month moving average. However it will also be important to follow how the equity markets react today as another decline could lead to some further EUR selling is this week s busy data calendar. USD/JPY A bullish flag is forming on the 4 H chart which might still have steam in store. USD/CHF The pair is in the middle of a very intense up trend, which was initiated after a breach through the 1.2000 level has close to doubled over the past 3 years and will be out of the question, we expect him to wait until the September meeting to bring back the words strong vigilance. In the US markets the ISM Non-Manufacturing Index will be released and the Fed s Governor Kroszner will speak at 15:30 GMT. The ISM Non-Manufacturing Index is expected to be released at a six week low of 120.37 during the night session when as overall the USDJPY traded with a range of a low 120.80 and a high of 121.65 before closing the day at 120.47 = Technical News EUR/USD On the 4 H chart we notice that the momentum is still down. If so this would be preparing the markets for an October rate hike and its will be interesting how the market will react when usually this expression boost up the EUR . forex in india online trading