International Business News - Forex http://www.ibtimes.com/rss/feed/forex.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/forex.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The worst case scenario will be if the actual reading declined below 0.0% the prior reading, confirming the decrease of demand levels on products and services affected by increasing unemployment rates in UK which reached to its highest levels in 14 years, which will lead to increasing fears and pessimism that the economy might be heading towards deflation. http://www.ibtimes.com/articles/20120211/fundamental-major-currencies-2009-09-15.htm http://www.ibtimes.com/articles/20120211/fundamental-major-currencies-2009-09-15.htm Sat, 11 Feb 2012 17:02:04 EST The leaders of the Greek largest political parties, George Papandreou and Antonis Samaras, called on lawmakers to commit and back the new cuts suggested by the government as the nation attempts to sceure the second bailout package, as international lenders required commitment to the budget targets s... http://www.ibtimes.com/articles/20120211/greek-largest-parties-support-deeper-austerity-nbsp.htm http://www.ibtimes.com/articles/20120211/greek-largest-parties-support-deeper-austerity-nbsp.htm Sat, 11 Feb 2012 12:34:04 EST The EURUSD had another indecisive movement this week. The bullish phase since bounced from 1.2625 and broke above the 200-4 hour-EMA remains intact, but the bullish run has been disappointing in the last two weeks, moving in a sideways condition. The failure to test 1.3375 and movement back below 1.3200 could lead price to further [...] http://www.ibtimes.com/articles/20120211/eurusd-weekly-summary-disappointing-bullish-run-might-challenge-key-support-but-bullish-phase-remain.htm http://www.ibtimes.com/articles/20120211/eurusd-weekly-summary-disappointing-bullish-run-might-challenge-key-support-but-bullish-phase-remain.htm Sat, 11 Feb 2012 07:39:55 EST I WAS PERFECTING MY TRADING SKILL “Do you see a man skilled in his work? He will serve before kings; he will not serve before obscure men.” – Proverbs 22:29 “Nothing great was ever achieved without enthusiasm.” – Ralph Waldo Emerson Hello: Can you bend a bow of bronze? Are your arms trained for battles? [...] http://www.ibtimes.com/articles/20120211/annual-trading-results-2011.htm http://www.ibtimes.com/articles/20120211/annual-trading-results-2011.htm Sat, 11 Feb 2012 00:28:55 EST After announcing that Greek official leaders agreed on a draft for the austerity measure needed for the country to get hold of the bailout yesterday; some thought that this annoying story is about to set a short term tentative end, unfortunately the euro finance ministers had something else to say e... http://www.ibtimes.com/articles/20120210/its-not-the-end-yet-greece-weighs-once-more.htm http://www.ibtimes.com/articles/20120210/its-not-the-end-yet-greece-weighs-once-more.htm Fri, 10 Feb 2012 10:06:03 EST The University of Michigan released the Preliminary estimate for consumer confidence for the month of February, where consumer confidence eased to 72.5 from prior estimate of 75.0 and below median estimates of 74.8.The economic conditions index retreated to 79.6 from 84.2 reported in January, while ... http://www.ibtimes.com/articles/20120210/uni-of-michigan-confidence.htm http://www.ibtimes.com/articles/20120210/uni-of-michigan-confidence.htm Fri, 10 Feb 2012 10:05:07 EST Canada\'s International Merchandise trade for the month of December extended from the prior surplus of 1.07 billion Dollars and revised surplus of 1.17 billion Dollars to 2.69 billion Dollars, well higher than forecasted 0.8 billion Dollars surplus. http://www.ibtimes.com/articles/20120210/canada-trade-balance.htm http://www.ibtimes.com/articles/20120210/canada-trade-balance.htm Fri, 10 Feb 2012 09:05:06 EST The U.S. released the trade balance for December, where the trade deficit widened to $48.8 billion, compared with the prior reading of $47.8 billion and revised trade deficit of $47.1 billion, and slightly higher than the expected deficit of $48.5. http://www.ibtimes.com/articles/20120210/utrade-balance.htm http://www.ibtimes.com/articles/20120210/utrade-balance.htm Fri, 10 Feb 2012 08:34:05 EST George Karatzaferis, leader of the rightist LAOS party which has only 16 members in the Parliament, said his party will not vote for the proposal of adopting further budget cuts needed to grant Greece a second bailout when the law comes to action, probably late on Sunday.However, this announcement d... http://www.ibtimes.com/articles/20120210/karatzaferis-nbsp-will-not-vote-for-adopting-further-budget-cuts-greek-parliament-nbsp.htm http://www.ibtimes.com/articles/20120210/karatzaferis-nbsp-will-not-vote-for-adopting-further-budget-cuts-greek-parliament-nbsp.htm Fri, 10 Feb 2012 08:34:05 EST The euro fell from eight-week high versus the dollar and tumbled against majors on worries the deals with international lenders and private-sector bondholders are not finalized yet. Although Greek Prime Minister Lucas Papademos and three political party leaders agreed on measures demanded by lenders... http://www.ibtimes.com/articles/20120210/euro-falls-from-two-month-high-on-worries-greek-deals-are-not-finalized-yet.htm http://www.ibtimes.com/articles/20120210/euro-falls-from-two-month-high-on-worries-greek-deals-are-not-finalized-yet.htm Fri, 10 Feb 2012 07:06:03 EST On Thursday Dollar/Yen increased with 70 pips. The currency couple appreciated from 77.03 to 77.73 yesterday, matching the positive Interbank sentiment at nearly +13%, closing the day at 77.65. This morning the Dollar strengthened slightly further against the Yen, reaching 77.75. On the 1 hour chart new upward channel has formed, while on the 3 hour chart quotes returned to the wider trading range. Break above today's top and nearest resistance 77.75 would encourage further recovery of the Dolla... http://www.ibtimes.com/articles/20120210/usd-jpy-continues-climbing-77-75.htm http://www.ibtimes.com/articles/20120210/usd-jpy-continues-climbing-77-75.htm Fri, 10 Feb 2012 05:36:48 EST UK PPI input rose above expectations of 6.6% to 7.7% in the year ending January compared with the revised 8.9% from the initial 8.7%. On the monthly basis, the reading surged to 0.5% from the prior -0.6% and the expected 0.4%.Annual output gauge exceeded estimates of 3.7% by 0.4% from the previous 4... http://www.ibtimes.com/articles/20120210/uproducer-prices-nbsp-rise-above-nbsp-forecasts.htm http://www.ibtimes.com/articles/20120210/uproducer-prices-nbsp-rise-above-nbsp-forecasts.htm Fri, 10 Feb 2012 05:05:10 EST EUR/USD Buy at 1.3239 SL 1.3207 TP 1.3316 USD/JPY Buy at 77.55 SL 77.23 TP 78.27 GBP/USD Buy at 1.5767 SL 1.5735 TP 1.5855 USD/CHF Sell at 0.9137 SL 0.9169 TP 0.9053 today so far +78, total yesterday +125 pips http://www.ibtimes.com/articles/20120210/majors-daily-forecast-10-february-2012.htm http://www.ibtimes.com/articles/20120210/majors-daily-forecast-10-february-2012.htm Fri, 10 Feb 2012 04:07:07 EST http://www.ibtimes.com/articles/20120210/fundamental-precious-metals-2012-02-10.htm http://www.ibtimes.com/articles/20120210/fundamental-precious-metals-2012-02-10.htm Fri, 10 Feb 2012 04:03:03 EST http://www.ibtimes.com/articles/20120210/australian-dollar-us-dollar-10-02-2012-07-36-gmt.htm http://www.ibtimes.com/articles/20120210/australian-dollar-us-dollar-10-02-2012-07-36-gmt.htm Fri, 10 Feb 2012 03:49:11 EST http://www.ibtimes.com/articles/20120210/euro-british-pound-10-02-2012-07-34-gmt.htm http://www.ibtimes.com/articles/20120210/euro-british-pound-10-02-2012-07-34-gmt.htm Fri, 10 Feb 2012 03:49:09 EST http://www.ibtimes.com/articles/20120210/british-pound-us-dollar-10-02-2012-07-41-gmt.htm http://www.ibtimes.com/articles/20120210/british-pound-us-dollar-10-02-2012-07-41-gmt.htm Fri, 10 Feb 2012 03:49:06 EST On Thursday Pound/Dollar traded within almost 100 pip range. The Cable appreciated from 1.5792 to 1.5886 yesterday, in line with the positive Interbank sentiment at almost +53%, closing the day at 1.5814. Today the British Pound lost all Thursday's gains, descending down to 1.5766. On the 1 hour chart quotes are testing the lower limit of the upward channel, while on the 3 hour chart the upward channel has slowed down. First resistance is yesterday's peak at 1.5886. Break above it should extend ... http://www.ibtimes.com/articles/20120210/unstable-gbp-usd-unclear-european-situation.htm http://www.ibtimes.com/articles/20120210/unstable-gbp-usd-unclear-european-situation.htm Fri, 10 Feb 2012 03:41:37 EST Swiss CPI came in line with median forecasts of -0.8% in the ear ended January, compared with the prior -0.7%. On the monthly basis, the reading came in at -0.4% from the prior -0.2% and compared to forecasts of -0.3%. http://www.ibtimes.com/articles/20120210/swiss-cpi-reaches8-in-january.htm http://www.ibtimes.com/articles/20120210/swiss-cpi-reaches8-in-january.htm Fri, 10 Feb 2012 03:34:05 EST EURUSD Forecast The EURUSD had another indecisive movement yesterday. Price attempted to push higher topped at 1.3320 but the bullish momentum was disappointing and now retesting 1.3240/50 support area. I still prefer a bullish scenario at this phase with buy on dips intraday strategy still testing 1.3375 as the nearest bullish target but a clear [...] http://www.ibtimes.com/articles/20120210/eurusd-daily-forecast-february-10.htm http://www.ibtimes.com/articles/20120210/eurusd-daily-forecast-february-10.htm Fri, 10 Feb 2012 03:26:42 EST