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Forex Market News

The latest news from the world of forex trading

GBPUSD Bear Break Aims for Key Chart/ 61.8% Retrace Targets 1.5750/20

GBPUSD bear trend re-energizing We saw skewed risk through midweek for a failure ahead of 1.6040 to leave a bear bias and the plunge to a new cycle low reinforces our ongoing bear view. The breakdown last week through t...

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Is the DAX Indicating a German Economic Revival?

Is the DAX Indicating a German Economic Revival? Figure: Hourly chart for DAX The DAX opened today lower, but was able to recoup all of its losses and is now building on...

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Is Japan’s Recession Affecting the DAX?

Is Japan’s Recession Affecting the DAX?   Figure: Hourly chart for DAX The DAX opened lower and breached its support zone near the 9143 level this morning, but ultimat...