learn-forex.info

The EURGBP may have topped in a small 4th wave. The Yen crosses may be consolidating before continuing lower. The EURGBP has strengthened in what is probably a small 4th wave. Notice that the former 4th wave extreme at 8800 has held, which is common.

Link to the original site

Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming weeks’ trade.

Link to the original site

Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming weeks’ trade. In fact, implied volatility levels on 3-month Euro/US Dollar options now trade near their highest levels since July, 2009 and underline market fears of continued volatility.

Link to the original site

The UAE investors continued actively trading in foreign exchange (forex) currency markets in 2009 even as worldwide volumes took a hit, said a senior executive of a Swiss-based online foreign currency broker.

Link to the original site

GBP/USD: The market has finally taken out the key October lows just over 1.5700 to likely open the door for some medium-term setbacks over the coming weeks.

Link to the original site

USD/CAD: The market has finally managed to clear resistance by 1.0745 to expose next key topside barriers by 1.0870 further up. Daily studies still show plenty of room to run, and we look for a retest and break of 1.0870 over the coming days.

Link to the original site

EUR/JPY: Setbacks have now finally reached and slightly exceeded the lower end of a multi-week range dating back to March of 2009 and it will be interesting to see if the cross can respect the range bottom and bounce, or finally break below the medium-term platform to expose a more significant drop back towards the 115.00 area.

Link to the original site

GBP/JPY: Thursday’s violent pullback has brought the cross back to some familiar range lows in the 140.00 area and it will be interesting to see how the market responds from here.

Link to the original site

EUR/CHF – The drop has been quite impressive since breaking below 1.5000 in mid-December, with setbacks finally breaking down below the 1.4580 March lows to 1.4560, ahead of the latest minor bounce.

Link to the original site

The US Dollar and Japanese Yen may extend gains against most major currencies after the G7 finance ministers did not announce plans to bail out Greece and other debt-ridden southern European economies, weighting further on risk appetite.

Link to the original site