Source: ForexYard Typically US GDP is a high impact event in the foreign exchange market though tomorrow’s data may be overlooked given the tensions...
Q3 US GDP Could Outperform but Data may be Overlooked
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Bernanke Committed to Bond Purchases; West Considers Strikes on Gaddafi Forces
By Michael Trinkle, ForexTraders Today stocks are having another bearish session, as oil and gold remain buoyed by Middle East issues. Well focus on the region once again. In comments yesterday, meanwhile, Ben Bernanke adhered to his regular line that commodity price fluctuations are temporary in...
USDJPY remains in uptrend from 81.13
USDJPY stays above 83.09 support and remains in uptrend from 81.13, the fall from 83.96 is treated as consolidation of uptrend. As long as...
German credit crunch deepening
This is the headline on another AEP article and thanks to Saferanger for the lead. Ambrose is as always very bearish on Europe but if the facts stack up, tough credit conditions will not ease the recovery prospects for the vital manufacturing sector. Perhaps some of them are profitable...
EUR/GBP support still in place
Important technical support at .8490 held firm overnight despite a marginal break below. Stubborn longs should now consider reducing or scrapping their positions on a clean break below .8475 as there is daylight until .8200/50 and market chatter is that there are some big stops on the .84 handle....
Automakers join Realtors in calling a market bottom
GM says the bottom of the car market comes this spring. The NAHB said the same about housing earlier today. Hope they are right EUR/USD is firm, as are equities. EUR/USD trades at 1.4315 while the S&P is up...