Fundamental And Technical Analysis

FXstreet.com (Barcelona) – The EUR/USD is closing out today's American session trading horizontally in the range between 1.4545 and 1.4505 after establishing a 5-week high at 1.4555 earlier in the European session. The pound has gained more than 110 pips on the dollar over the course of today's trading. The Wells Fargo ... Continue Reading

By: www.forexpeacearmy.com This is an overview of the upcoming week. Please refer at here (forexfactory) to see the Calender. 1. Wednesday, January 13th (04:30 New York time) UK: UK Industrial Production. We have UK Industrial Production coming out. It is expected to read 0.3. Last month it read 0.0. I recommend trading GBP/USD ... Continue Reading

FXstreet.com (Barcelona) – The GBP/USD is trading above 1.5900 level after finding support at 1.5895 in the minutes following the BoE monetary policy release today's morning. Cable fell around 165 pips throughout the Asian and European session to find support at 1.5895. Currently the pair is trading around 1.5910/20, 0.65% below ... Continue Reading

As for today signal: 0430 UK Industrial production (-1.2% expected) - I would look to trade a 1% trigger, but only with manufacturing production in agreement. If PPI comes out the same way, that should help it push further, if PPI comes out in the opposite direction, that should shorten the ... Continue Reading

Let's preview for 4 Feb 2009, Wednesday: 0430 UK Services PMI (40.3 exp) - This has been a surprisingly reliable trade so I think we can afford to trade tighter triggers. If it comes out at 41.5 or higher, GBP/USD should go up by 35-50 pips. If it comes out at 39.0 ... Continue Reading

For 2 Feb 2009, there's a few things worth looking at: a) 0830 US Personal Income (-0.4 exp), Personal Spending (-0.9 exp), and PCE Core m/m (0.0 exp). No set triggers here since the total picture here will likely govern the price action and we'll need to see them coming out ... Continue Reading