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Forex Market News

The latest news from the world of forex trading

GBPUSD bear bias with stall at 1.5737; risk through 1.5646 for 1.5590

A better rebound effort than anticipated Wednesday, but despite a nudge at retrace resistance at 1.5725, the better barrier at 1.5735 peak has capped. This leaves bearish pressures intact for a roll lower to the range, g...

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USDJPY bull extension threat for key long term target at 117.95

A high level consolidation Tuesday, just below the Monday new recovery high. The Monday push through 117.00 reinforced the rebound from support at 114.89 last week (ahead...

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USDCAD Bull Bias through 1.1403 for 1.1450/68 and Above through Mid-Month

USDCAD bull trend looking to re-energize We have stated in recent reports to our clients that “we continue to see better support on a dip to 1.1266/62” and “whilst ...

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    Will Ben Bernanke Launch a QE3?

    The question of what Ben Bernanke will do once the bond purchase program expires in June is regarded as the most important determinant of long-term market direction by those who believe that the... Read More

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    China PMI Rises, Payrolls Expand, Markets Rally

    NFP rose by 216,000 workers in March after a revised 194,000 gain in February, according to numbers released today, mostly in line with expectations. The jobless rate dropped to 8.8 percent from 8.9... Read More