FX News

Forex: Euro Needs Big Miss on GDP Data for Bearish Follow-Through

The Euro will likely need a particularly disappointing set of third-quarter German and region-wide GDP figures to yield significant bearish follow-through. Talking Points Euro Needs Sharp Disappointment on German, EZ GDP to See Bearish Follow-Through ECB Monthly Report Sought for Growth-Supportive Policy Clues, Read More →

Forex: EUR/USD- Trading the Euro Zone GDP Report

Trading the News: Euro-Zone Gross Domestic Product What’s Expected: Time of release: 11/15/2012 10:00 GMT, 5:00 EDT Primary Pair Impact :EURUSD Expected: -0.1% Previous: -0.2% DailyFX Forecast: -0.4% to -0.1% Why Is This Event Important: The advance GDP report is expected to show the euro-area contracting another 0.1% Read More →

Guest Commentary: Divergences Can Help Pinpoint Forex Turning Points

The Relative Strength Index (RSI) is one of my favorite technical tools. I throw this indicator on the bottom of almost every chart I start to analyze. The RSI is part of a group of technical tools called momentum oscillators. What Read More →

Forex: USDOLLAR Clears 10,000 Ahead Of FOMC- JPY Hit By Uncertainty

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10000.84 10010.23 9962.64 0.32 121.64% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.32 percent higher from the open after moving 121 percent of its average true range, and we will need to see the Fed Read More →

Forex: Euro Leads Modestly but Aussie and Kiwi Drop

EUROPE/US FOREX NEWS WRAP Global risk-appetite was looking quite bullish earlier this morning, ahead of the US trading session, but over the past several hours, and especially into the European close, sentiment became increasingly negative, dropping the S&P 500 to fresh Read More →

Guest Commentary: Gold and Silver Outlook for 11.14.2012

The prices of gold and silver slightly declined again for the second consecutive day. The low volatility was in other markets including oil, stocks and forex. The recent Euro Summits were concluded with no big headlines regarding Greece's debt crisis. Read More →