The latest news, technical and fundamental analysis, charts, tools, education by IBT FX Center, designed to help international forex traders to trade fully informed and realize their full trading potential. http://www.ibtimes.com/rss/feed-forex.xml All articles are copyrighted by IBTimes.com After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the uptrend from 1.3654 has completed at 1.6743 level already, then the next target would be at 1.5500 zone. On the other side, if 1.6743 resistance gives way, further rise could be seen to 1.7000-1.7500 area. http://www.ibtimes.com/articles/20090704/gbpusd-pulls-back-from6743-level.htm Sat, 04 Jul 2009 00:12:26 EDT EURUSD Outlook The EURUSD attempted to push higher this week, topped at 1.4198 but further bullish scenario was rejected as the pair whipsawed to the downside and closed lower yesterday at 1.3974. From bigger point of view on weekly chart below, we can see that the pair actually in bullish correction phase, testing 50% Fibo retracement [...] http://www.ibtimes.com/articles/20090703/eurusd-weekly-summary-between-fibonacci-retracements.htm Fri, 03 Jul 2009 15:53:01 EDT The Swiss franc came off vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0900 figure and was supported around the CHF 1.0830 level. Data released in Switzerland today saw the June consumer price index rise 0.2% m/m and decline 1.0% y/y. http://www.ibtimes.com/articles/20090703/chf-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 03 Jul 2009 13:58:30 EDT The British pound moved lower vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.6300 figure and was capped around the $1.6430 level. Bank of England's Monetary Policy Committee convenes next week and is not expected to change monetary policy at this time. http://www.ibtimes.com/articles/20090703/gbp-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 03 Jul 2009 13:57:01 EDT This is article is released weekdays under the heading "Daily Fundamentals" at 5pm EST on www.dailyfx.com•US Dollar, Japanese Yen Mixed on Low-Volume Trading•Swiss Franc Remains Range-Bound vs. Euro as Swiss CPI Signals Deflation •Australian Dollar, Canadian Dollar Retrace Some of Thu... http://www.ibtimes.com/articles/20090703/euro-british-pound-lag-as-euro-zone-uk-data-highlight-lingering-recession.htm Fri, 03 Jul 2009 13:56:12 EDT Usd/maj. - European G8 source involved in preparations for the meeting said that the U.S. dollar\'s status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week\'s Group of Eight summit. http://www.ibtimes.com/articles/20090703/market-moving-news-usd-maj-jul-3.htm Fri, 03 Jul 2009 13:56:00 EDT The yen depreciated marginally vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥96.10 level and was supported around the ¥95.70 level. Liquidity was reduced with most U.S. desks closed for the Independence Day weekend celebration. The Ministry of Finance named Tomoyuki Furusawa as the new head of its currency division but most MoF-watchers do not believe this will lead t... http://www.ibtimes.com/articles/20090703/cny-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 03 Jul 2009 13:54:01 EDT The euro moved marginally lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3925 level and was capped around the $1.4025 level. Liquidity was light ahead of the long Independence Day holiday weekend. The European Central Bank voted yesterday to keep monetary policy unchanged and ECB President Trichet's remarks indicate interest rates may be on hold f... http://www.ibtimes.com/articles/20090703/eur-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 03 Jul 2009 13:52:55 EDT The greenback posted a weekly gain against the single currency on speculation that the global economic recovery is faltering, boosting demand for the safe-haven U.S. currency. The Dollar Index rebounded from 78.334 on June 2 to reach the highest level since June 25 at 80.578 on Thursday after a repo... http://www.ibtimes.com/articles/20090703/ucurrency-rises-against-major-currencies-except-yen-on-safe-haven-demand-jul-3.htm Fri, 03 Jul 2009 13:48:00 EDT This is article is released weekdays under the heading "Daily Fundamentals" at 5pm EST on www.dailyfx.comThe British pound and commodity dollars all face high event risk from rate decisions by the Bank of England and Reserve Bank of Australian, along with Canadian employment and business activity re... http://www.ibtimes.com/articles/20090703/british-pound-australian-dollar-to-see-rate-decisions-next-week.htm Fri, 03 Jul 2009 11:52:10 EDT The euro moved marginally lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3925 level and was capped around the $1.4025 level. http://www.ibtimes.com/articles/20090703/fundamental-outlook-1400-gmt.htm Fri, 03 Jul 2009 11:32:32 EDT While the dollar is expected to accumulate further gains in Q3, these are likely to be sporadic and choppy at best. Such gains are seen more of a reflexive bouts emerging from extended pullbacks in global bourses, rather than a proactive strategies to build long term USD positions. http://www.ibtimes.com/articles/20090703/intraday-market-thoughts-10-40-et.htm Fri, 03 Jul 2009 11:31:03 EDT www.TheLFB-Forex.com A Forex Trader Portal Forex markets are rolling around from day to day at the beck and call of equity market direction, and the dollar is bought as a hedge against those negative... http://www.ibtimes.com/articles/20090703/usd-the-flight-to-safety-may-needlifeboat.htm Fri, 03 Jul 2009 11:23:02 EDT Friday, Turkey's statistical office TurkStat announced that the consumer price index or CPI rose 5.73% year-over-year in June, faster than the 5.24% increase in the previous month. Economists were looking for an increase of 5.70%. http://www.ibtimes.com/articles/20090703/turkey-june-consumer-price-inflation-up-producer-prices-drop.htm Fri, 03 Jul 2009 10:37:00 EDT Corrects vice-minister's name in paragraph eight http://www.ibtimes.com/articles/20090703/corrected-major-nations-should-back-dollar-as-key-currency.htm Fri, 03 Jul 2009 10:24:04 EDT We got some mixed news out of China this past week with regards to the US dollar's reserve status and the potential for it to be discussed at the upcoming G-8 Summit on July 8-10. http://www.ibtimes.com/articles/20090703/week-ahead.htm Fri, 03 Jul 2009 09:56:42 EDT The International Monetary Fund on Thursday said a nascent economic recovery appears to be underway in Zimbabwe as a result of improvements in macroeconomic policies. http://www.ibtimes.com/articles/20090703/imf-nascent-economic-recovery-underway-in-zimbabwe.htm Fri, 03 Jul 2009 09:50:00 EDT Trading conditions will be subdued on Friday with US markets closed for a holiday. http://www.ibtimes.com/articles/20090703/dollar-secures-defensive-support.htm Fri, 03 Jul 2009 09:48:08 EDT Today trading is very thin due to lack of fundamentals from the U.S. due to the Independence Day holiday. http://www.ibtimes.com/articles/20090703/slight-movements-markets.htm Fri, 03 Jul 2009 09:47:00 EDT The disappointing release of June US non-farm pay roll has hurt the investors risk appetite strongly today causing a sell off in the equities markets as the data have shown adding 467k lost jobs out of the farming sectors and an increasing of the unemployment to 9.5% in June. http://www.ibtimes.com/articles/20090703/current-market-sentiment.htm Fri, 03 Jul 2009 09:24:29 EDT