The GBPUSD sports a short term inverse head and shoulders pattern. The EURUSD made an inside day. Both developments are evidence of a short term reversal…

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Forex Technicals: The Day Ahead, August 18

At -79,438, the British Pound composite COT is the lowest since July 1999. Cable was in a long term downtrend at that point as well, but the extreme bearish…

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British Pound Speculative Shorts at Highest Since 1999

The EURUSD closed below 1.47 Friday and the pair has enjoyed a small bounce so far this week. While there is no confirmation of a Euro bottom, short term…

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Euro Countertrend Rally Possibly Underway to 1.52

The US dollar rally triggered over a week ago by ECB President Trichet has been relentless, and as of Friday?s NY close, the dollar index had appreciated…

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Forex Trading Weekly Forecast 08.18.08

Fundamentals and technicals were crumbling for the euro last week. Tallying up the losses, the euro has now trended lower against its US counterpart for…

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Euro To Take Its Lead From ECB Rate Speculation

The Australian dollar would fall as low as 0.8591 during the week, which ended seven consecutive days of falling, before it bounced higher. The 0.8600…

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Australian Dollar Headed For Yearly Low

The Japanese yen saw an exceptionally wild week of trading last week, rocketing more than 1 percent higher against most of the majors while tumbling almost…

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Japanese Yen: Risks Remain High For Carry-Trade Selloffs

The US dollar rally triggered over a week ago by ECB President Trichet has been relentless, and as of Friday?s NY close, the dollar index had appreciated…

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US Dollar Could Reverse Gains As Bernanke Speaks Next Week

The Japanese yen saw an exceptionally wild week of trading, rocketing more than 1 percent higher against most of the majors while tumbling almost 1.5 percent…

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Japanese Yen: Still Mixed Across the Majors, Upside Risk Remains for the Low-Yielder

Following an early morning test of 1.8520, the British pound finally managed to gain on Friday as the currency remains extremely oversold. In fact, as…

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British Pound Recovers Following Early Morning Test of 1.8520

The Euro continued its collapse on Friday, hitting fresh 6-month lows near 1.4660 as interest rate expectations remain in control. Indeed, Credit Suisse…

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Euro Hits Fresh 6-Month Low

The New Zealand dollar and Canadian dollar both rallied against the US dollar on Friday - despite broad declines in commodity prices - as the overbought…

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Canadian Dollar, New Zealand Dollar Surge Despite Drop In Commodities

The US dollar remains strong this morning as the University of Michigan/Reuters consumer confidence survey reflected improvement for the second consecutive…

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US Consumer Confidence Improves For Second Consecutive Month, Dollar Gains

Trading the News: U. of M. Consumer Confidence Survey What?s Expected Time of release: 08/15/2008 14:00 GMT, 10:00 EST Primary Pair Impact : EURUSD Expected:…

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Will Improved Consumer Confidence Add To Dollar Gains?

USD/CAD Ratio: 1.25 Signal: Bearish

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Canadian Dollar Traders Perfectly Predict USDCAD Breakout, Pullback