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Online forex traders and brokers are currently experiencing uncertainty following the launch of the Metatrader 5 (MT5) public beta testing.

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China’s rapidly growing forex reserves face risks including depreciation of the U.S. dollar and private capital outflux, said some experts at a forum. Risks in China’s forex reserves may threaten the country’s sustainable economic growth. By the end of the third quarter 2009, China’s forex reserves totaled 2.27 trillion U.S. dollars, 330 billion U.S. dollars higher than the end of 2008 …

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China’s rapidly growing forex reserves face risks including depreciation of the U.S. dollar and private capital outflux, said some experts at a forum. Risks in China’s forex reserves may threaten the country’s sustainable economic growth. By the end of the third quarter 2009, China’s forex reserves totaled 2.27 trillion U.S. dollars, 330 billion U.S. dollars higher than the end of 2008 …

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USD/CHF: Our core bullish bias is still intact, with the market unable to establish itself below parity and subsequently sharply reversing back above 1.0100. This puts our major double bottom scenario back in play, with a closer look at the weekly chart more clearly defining the reversal formation.

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USD/CHF: Our core bullish bias is still intact, with the market unable to establish itself below parity and subsequently sharply reversing back above 1.0100. This puts our major double bottom scenario back in play, with a closer look at the weekly chart more clearly defining the reversal formation.

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We continue to retain a strong bullish bias for the pair with the market in the process of consolidating ahead of the next major upside extension beyond 1.0870. The market has been putting in a series of gradual lower tops since August, but we contend that this pattern is on the verge of expiration, with a break above 1.0870 to confirm.

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We continue to retain a strong bullish bias for the pair with the market in the process of consolidating ahead of the next major upside extension beyond 1.0870. The market has been putting in a series of gradual lower tops since August, but we contend that this pattern is on the verge of expiration, with a break above 1.0870 to confirm.

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EUR/JPY: The market has now broken into the lower end of a well defined range that has defined trade since early 2009, with the latest break below 127.00, to likely now trigger the next drop towards 124.30. However, there is some solid internal range support at current levels and with daily studies showing oversold, we can not rule out the possibility of a low by 126.85 ahead of a sustained …

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EUR/JPY: The market has now broken into the lower end of a well defined range that has defined trade since early 2009, with the latest break below 127.00, to likely now trigger the next drop towards 124.30. However, there is some solid internal range support at current levels and with daily studies showing oversold, we can not rule out the possibility of a low by 126.85 ahead of a sustained …

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EUR/USD: The break above 1.5065 to fresh 2009 highs by 1.5145 a few days back, appears to have been a false break, with the market sharply reversing course and trading back below the 50-Day SMA. The 50-Day SMA, which comes in by 1.4845 is the critical level to watch, with the medium-term moving average supporting a majority of the up-trend in 2009 on a close basis.

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