Forex Factory

EUR/USD took a hard hit on the fresh news about the European debt crisis and deteriorated sharply. It ranges lower. Will it lose the critical support line? Here is a quick update on technicals, fundamentals and community trends.

The Euro continued sliding all day, while the low yielding USD, GBP and JPY troika were at the top of the G-10 heap today on risk aversion. USDCAD poised at key levels ahead of tomorrow's BoC rate decision.

LONDON (MNI) - Manufacturing output posted it's third consecutive monthly rise in July pushing the annual rate of growth to its highest level for nearly 16 years, according to figures released by National Statistics Wednesday. Manufacturing output rose 0.3% on the month in July to stand 4.9% abov...

Four months after the 110 billion- euro ($140 billion) bailout for Greece, the nation still hasn’t disclosed the full details of secret financial transactions it used to conceal debt. “We have not seen the real documents,” Walter Radermacher, head of the European Union’s statistics agency Eurosta...

We’re seeing a decent amount of action already this morning in the Cable and EURUSD, with the USDCHF also looking rather lively.

The global financial crisis is not yet over and setbacks in financial markets cannot be ruled out, ECB Governing Council member Axel Weber said in remarks prepared for delivery on Wednesday. "Even though financial markets have calmed again they are still marked by heightened uncertainties and ar...

The Economy Watchers' Survey index for current conditions in Japan slumped to 45.1 in August from 49.8 in July, posting the first drop in two months as record heat waves left deserted shopping streets and dampened autumn goods sales, the Cabinet Office said on Wednesday. Sales of beverages and s...

UK house prices rose by 0.2% in August and were 4.6% higher than over the same period of 2009. Those analysts who had produced a forecast for the survey had anticipated a negative result for the month, in the wake of a flurry of other house price surveys showing increasing weakness in the sector...

French business confidence was unchanged for a third straight month in August as President Nicolas Sarkozy prepared the country for the biggest budget cuts in at least two decades. The Bank of France’s Business Sentiment Indicator for manufacturers was 101, the same as in the three previous mont...

U.S. Beige Book, Canadian rate decision, Building Permits and PMI are the leading events on our calendar. Here is an outlook on the most influential events awaiting us today.

The Bank of Canada should boost interest rates one more time on Wednesday and then could leave rates alone for as long as a year, according to many economists. That is because Canada's domestic financial strength is getting offset by a quickly flagging U.S. economy, reducing the necessity of rais...

German exports fell in July as the global recovery lost momentum. Sales abroad, adjusted for working days and seasonal changes, declined 1.5 percent from June, when they increased a revised 3.7 percent, the Federal Statistics Office in Wiesbaden said today. Economists had forecast exports to rem...

Japanese Finance Minister Yoshihiko Noda said he is prepared to take “bold” action on currencies, including intervention in foreign-exchange markets, after the yen reached a 15-year high against the dollar. “We will take bold action if necessary and naturally that can include intervention,” Noda...

Daily Summary, Pivot Point Calculations and Fibonacci levels for multiple market

The German foreign trade balance showed a surplus of EUR 13.5 billion in July, down from June's EUR 14.2 billion surplus, data from the Federal Statistical Office showed Wednesday. However, the latest figure was bigger than the expected EUR 13 billion surplus. Exports increased by 18.7% on a year...

The Bank of Japan on Wednesday slightly revised down its growth outlook, saying the pace of improvement in the economy is likely to slow temporarily. "Japan's economy is likely to recover at a moderate pace, although the pace of improvement is likely to slow temporarily," the BOJ said in its mon...

Bank of Canada Governor Mark Carney will probably raise borrowing costs today for a third and final time this year before pausing to gauge the strength of the economic recovery, economists said. Fourteen of 20 economists surveyed by Bloomberg News expect Carney, 45, to raise the bank’s policy in...

The yen rose to a 15-year high against the dollar on speculation the Federal Reserve’s Beige Book business survey will add to evidence the U.S. economic recovery is stalling. Japan’s currency climbed versus all its major counterparts after a report showed the nation’s current-account surplus wid...

The Kansas City and Dallas Federal Reserve Bank directors three times during the summer voted to raise the discount rate a quarter point and failed to get support for the idea at headquarters, the minutes, released Tuesday, showed. Beginning June 24, in July and a third time, at the end of July ...

USD/JPY - 83.77.. Breaking news fm Reuters quoting comments fm Japan FIMNIN Noda who said 'current forex moves clearly one-side; to take decisive measures on yen rise when needed n excessive, disorderly forex moves wud hurt economy.' His words hardly moved the dlr after price staged a minor rebound...