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Forex: EUR/USD rangebound ahead of NFP

Source: www.google.com

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• Cable opens firmer in Europe

  Cable is at 1.6410, up from a North American close Wednesday around 1.6350. The pairing is benefitting from a generally weaker greenback, strong risk appetite, and hope in certain quarters that the UK recession may have ended in March. On the last part, I hope they’re right, but am certainly...

• Swedish FinMin says Latvia deal needed soon

  The knock-0n effect of the crisis in Latvia is taking centre stage in Sweden, where the banks are heavily exposed to the Baltic states of Latvia, Lithuania and Estonia. Comments from the Swedish finance minister Anders Borg have again highlighted the impact that it would have in his own country, as...

• USD/JPY Daily Outlook - Forex Trading, Currency Forecast, FX ...

  With 4 hours MACD crossed above signal line, intraday bias in USD/JPY is turned neutral for the moment and some sideway trading might be seen. Nevertheless, break of 90.06 resistance is still needed to indicate that choppy fall from 92.31 has completed. Otherwise, outlook remains bearish and...

• EUR/JPY Daily Outlook

  Daily Pivots: (S1) 130.83; (P) 132.35; (R1) 133.20. EUR/JPY’s fall from 135.47 accelerates today and dives to as low as 129.80 so far. Break of 131.00 support confirms that whole decline from 138.70 has resumed and further fall should now be seen to 100% projection of 138.70 to 131.00 from...

• FOREX VIDEO - Pre London Outlook August 24th 2009

  Hi everyone, hope you had a restful weekend. I’m looking forward to a good trading week ahead. For this outlook video, I build on last week’s Pound related analysis with a comprehensive look at Cable and the Pound Yen cross. Although there has been plenty of intraday volatility we have not...