The Euro inched lower in Asian trade and cues from risk sentiment pointing to further weakness, with a rate decision from the European Central Bank and the release of revised Euro Zone GDP figures likely to amount to non-events.

More here:
Euro Pares Gains Ahead of ECB Rate Decision, Euro Zone GDP Report

Euro selling may resume in European trading hours after the single currency paused to consolidate in the overnight session as robust German jobs data highlight the economic disparity and likely monetary policy paralysis in the Euro Zone.

Source:
Euro Selling May Resume as German Jobs Data Underscores ECB Paralysis

The US Dollar and the Japanese Yen recovered from early losses on fading risk appetite after the Bank of Japan failed to impress expectant markets with a lackluster outcome to an “emergency” monetary policy meeting.

More:
Dollar, Yen Recover as Bank of Japan Emergency Meeting Disappoints

The British Pound fell back from a high of 1.5544 during the European trade as the economic docket reinforced a weakened outlook for future growth, but the GBP/USD appears to have found intraday support ahead of the 200-Day SMA (1.5456) as price action holds above 1.5500.

See the rest here:
British Pound Pares Advance as U.K. Investments Falter, Euro Holds Steady Ahead Of U.S. 2Q GDP

The Euro and British Pound have benefitted from a return of risk appetite where both currencies have made gains against their safe haven counterparts. However, the single currency has outshined the sterling as it maintains a stronger relationship with risk and is also benefitting from rising yield expectations.

Read more here:
EUR/GBP Channel Looks to Yield Expectations

See more here:
British Pound Looks To Manufacturing Data For Support

Currency markets are likely to look past European event risk as traders focus on tomorrow’s potentially sentiment-defining US Gross Domestic Product figures and Fed Chairman Ben Bernanke’s speech at a central banker summit.

Read the rest here:
Currency Markets to Look Past European Data, Focus on Bernanke and US GDP

Some of the most popular trading strategies in forex markets involve the use of Japanese Candlestick charts. Given a specific pattern in candlestick formations, traders look to buy and sell currencies in anticipation of reversal or continuations in price. Yet testing the profitability of such concepts is easier said than done. We will attempt to quantitatively identify specific candlestick patterns and view historical performance of trading on said candlestick signals.

View post:
Forex Strategy Corner: Using Candlestick Formations in Trading

The Euro looks vulnerable as accelerating money supply growth puts downward pressure on the single currency’s yield advantage but a rebound in risk appetite hinted by stock index futures may deter sellers in the near term.

Read more here:
Euro at Risk Ahead of Money Supply Report But Stock Gains May Deter Sellers

The rest is here:
British Pound Target at 15200

The British Pound has fallen out of favor with traders as concerns grow that the austerity measures underway by the new coalition government will stall growth going forward. A dimming picture for the global economy has added to the bearish sterling sentiment especially against safe-haven currencies.

Read more:
GBP/CHF Range Testing Critical Pivot Level

The Euro corrected higher in overnight trade but sellers are likely to return as Germany’s IFO survey of business sentiment points to souring confidence while US stock index futures lose Asia-session gains.

More:
Euro Selling to Resume as German IFO Declines, Risk Aversion Returns

The Euro may not get much of a reprieve after recent losses despite expectations of a robust German GDP report set to cross the wires in the coming session as risk aversion takes on a life of its own across financial markets.

See the original post here:
Euro Sellers May Overlook Firm German GDP as Risk Aversion Continues

The Japanese Yen gained as shares sold off in Asian trade, boosting the safety-linked currency, but an advance on US stock index futures late into the session hints risk appetite may stage a recovery in European hours.

More here:
Japanese Yen Gains as Stocks Fall in Asia but Futures Hint Reversal Ahead

Read the rest here:
British Pound Heading Towards 15200