IBTimes

EURJPY Forecast The EURJPY continued its bearish momentum yesterday, bottomed at 107.71 an hit 107.22 earlier today in Asian session. The bias remains bearish in nearest term but I think we have an important support around 107.30 area as it is the lower line of the range area on monthly chart which potentially provide a [...]

RBNZ issued today the 2yre inflation expectations for the third quarter which release with 2.6%, compared with a previous reading of 2.8% during the second quarter.

EUR/USD Today's support: - 1.2590(main), where correction is possible. Break would give 1.2574, where correction also may be. Then follows 1.2552. Break of the latter would result in

USDCHF broke above the downtrend line from 1.0624 to 1.0464, suggesting that a cycle bottom is being formed at 1.0257 on 4-hour chart. Key resistance is at 1.0464, a break above this level will confirm the cycle bottom and indicate that the fall from 1.0624 had completed, then the following upward movement could bring price to 1.0550-1.0600 area. Support is at 1.0257, only break below this level could trigger another fall to 1.0200 zone.

Although yesterday's cross-buying in yen has pressured dollar lower, a breach of 84.89 support needed to confirm recent decline has resumed and bring re-test of previous 15-year low at 84.72, then later to 84.25/30 before correction occurs due to loss of momentum.On the upside, above 85.50/55 would ...

The greenback was favored against major counterparts overnight as US equity markets failed to gain upward momentum despite a raft of M&A activity which generally bodes well for market activity.

This morning the AUD is fairly unchanged from the levels traded yesterday, currently trading around USD0.8900.

Yesterday's knee jerk reaction to a hung parliament saw the Aussie initially tumble almost a cent from Friday's close to exchange around 0.8850 in early Monday morning trade

The single currency fell against dollar and the Japanese yen on Monday as investors worried over the strength of economic recovery in eurozone.Although the single currency traded narrowly in Asia and Europe after last Friday's selloff to 1.2664, euro then fell briefly but sharply below said low of 1...

EUR/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has furthered its bearish drop after breaking down below a large descending triangle late last week.

Despite a lack of fundamentals being released from the world's leading economy today pessimism continues on being largely spread as the global recovery lost pace and the superpower revival stagnated considerably this past period due to the unending deterioration of the labor market, however the majo...

The EUR/USD and GBP/USD pairs are consolidating to start the week. The EUR/GBP continues to be pressured. The AUD/USD did not violate support for a bullish count. The GBP/JPY may be pressured some further, but there is a bullish scenario to follow. Finally, the CHF/JPY finds resistance in a declining channel.

The week starts with the EUR/USD pair staying below the 1.2730 following Friday's comments from ECB official Axel Weber and overnight data on manufacturing and services. We highlight the concerns facing the Euro. The Yen gained on the greenback, as it seems less likely that the BOJ will intervene in markets. The Aussie fell to open the week following an election in which no party won a majority, but then rallied on merger and acquisition news.

USD/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has once again respected the strong accelerated downtrend represented by the key downtrend resistance line extending from the early June high.

Simultaneous Release at TheGeekKnows.com – Learn Forex Trading and view EUR/USD Reviews. Good day forex trading koalas! First day of the week and four more to the weekend Last Friday saw the EUR/USD going below 1.28 and 1.272. A comment by a European Central Bank council member about the need to continue stimulus measures until [...]

USD - Disappointing US data weighed on the USD. Central banks' concerns about global slowdown also weighed on markets as individual monetary policy makers in the major economies indicated that, in their views, not only do current accommodative policies look set to remain in place for some time yet, but policy could be eased further if economic conditions warrant. This week's data releases will give further indications as to the level of the US slowdown.

The euro extended declines versus the U.S. dollar on Monday, breaking through support at its 55-day simple moving average level.

Feedback Loops: Central to a full understanding of dissipative systems, and especially those in symbiotic relationships, is the concept of system feedback (Stear, 1987). Complex systems with feedback loops that allow for self-renewal are called autopoietic structures. One example of a simple, self-organizing system is a whirlpool. Another example is the red spot on the planet Jupiter. Other systems, such as the human body, can be extremely complex (Briggs and Peat, 1989).

The euro edged lower on Monday, hurt by concerns over the euro zone economy and prospects of loose monetary policy until year-end, leading investors to bet against the single currency. Currency speculators extended euro short positions in the week ended Aug. 17, the Commodity Futures Trading Commission said on Friday, as focus shifted back to the euro zone and away from the U.S. economy.

With a follow-through lower on the back of its previous week losses occurring the past week, threats are now seen towards the 107.30 level, its 2010 low. We expect that level to provide a strong support and turn the cross back up if tested.