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Forex Market News

The latest news from the world of forex trading

DAX Trending Up Enough?

DAX Trending Up Enough?   Figure: Hourly chart for DAX The DAX, after opening lower galloped to session highs, thanks to a better than expected PMI report. Manufacturing activity reached 50.7 as opposed to an expected 5...

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EURUSD Pushes Through 1.2705 to Aim to and Likely Through 1.2624

EURUSD negating bull recovery effort A push still lower on Wednesday as expected, reinforcing the downside reversal Tuesday from modest resistance at 1.2840/45 to push th...

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GBPUSD Falters at Our 1.6228 Barrier to Leave Bias for 1.6080/ 1.6030

GBPUSD bear trend intact with cap at 1.6228 Despite the better bounce effort from last week, we stated in our last report to clients that this would “open upside into m...

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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