As noted earlier, 78.49, the 61.8% Fibo is a quite important level. it was test but is holding by a thread at the moment.
US index test critical Fibo support
Source: www.forexlive.com
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I’m going long USD/CHF
Morning all. I guess I happiest when I’m short CHF. I’m initiating a long USD/CHF position which I will hopefully build between 1.0750 and 1.0820 with a profit target at 1.1450. I will give up below 1.0570. Citibank technicals issued a sell NZD/JPY strategy overnight as they see the...
HK forex reserves at $205.1 bln at end-May - HKMA
HONG KONG, June 8 (Reuters) - Hong Kong's official foreign currency reserve assets stood at $205.1 billion at end-May, the Hong Kong Monetary Authority said ... See all stories on this...
The Greenback Awaits the Release of the Nonfarm Payrolls
Today’s U.S. NonFarm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as European Central Bank Chairman Jean-Claude Trichet’s speech at 7:50...
Order Books
A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning; Heavy buying interest in USD/JPY at 97.25/50 EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65 A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in...
Weekly Forex Market Forecast (October 17th – October 21st 2011)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of October 17th – 21st, with release times displayed for the GMT time zone. The list also includes...