Forex Traders Network

07/15/2021

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

07/05/2021

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

02/10/2021

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

12/29/2020

This show focuses on positive developments for Liberty, in a year filled with authoritarianism.

Even in the most dire circumstances, optimist and belief in the cause of Liberty must be maintained. This show focuses on positive developments for Liberty, ...

02/27/2019

GBPUSD Buyers Target 1.3440 Following Yesterday’s Breakout The pair had broken above this descending channel back on the 25th of January.

Want the latest trade idea for GBPUSD? Follow this post to find out how I'm approaching yesterday's breakout from a key resistance level...

02/16/2019

USD is now the weakest of the majors

The dollar's run to new session lows against the EUR, GBP, CAD, AUD and NZD have helped to push the USD to the weakest of the major pairs.

The largest declines are vs. the GBP, AUD, NZD and CAD. the USD is little changed vs the EURU, JPY and CHF, but gains vs those currencies earlier in the day have now been reversed. The only pair not making an extreme in the last hour has been the USDJPY which trades in the middle of its narrow trading range (39 pips today).

12/24/2012

ForexInsighters.com is online FOREX environment perfect for learning and understanding the world of foreign exchange inside and out.

07/02/2012

Gold continues to accelerate into its new role as global reserve currency as the BIS has proposed reclassifying it as a Tier 1 reserve asset. Meanwhile

06/01/2012

Forex Insight Traders room Non Farm trade on Eur/Usd +40 part2on Training & Mentoring with Forex Insight Group on Livestream - Watch live streaming Internet TV. Broadcast your own live streaming videos, like Training & Mentoring with Forex Insight Group in Widescreen HD. Livestream, Be There.

02/29/2012

DAILY FX REVIEW

EUR/USD – The pair settled the session lower after the latest 3-yr LTRO came in close to consensus at EUR 530bln, with 800 banks submitting bids; which compares to EUR 489bln and 523 banks back in December. The excessive use of funds indicates that banks continue to re-fund, however it is also likely that portion of the borrowed money will be reinvested into sovereign debt auctions. Of note, Goldman Sachs have pointed out that this large uptake has largely insulated banks from funding shocks as they are now pre-funded until 2014, this has detached the costs of bank and sovereign funding for this period. Goldman Sachs have also said that pressures for forced deleveraging should reduce, as well as deposit pricing pressures, resulting in a positive revenue effect. In other news, the Dutch and Finnish Parliaments approve their participation in the second Greek bailout package. Finally, technical studies indicate that supports are located at 1.3389/66 and then at the psychologically important 1.3300 level. On the other hand, resistance levels are seen at 1.3487 and then at the 38.2% of the 1.4940-1.2624 move at 1.3509.

GBP/USD – The pair settled the session higher after BoE Governor King said that he did not think that there was ‘any hard and fast expectation’ of further QE, and that current action was appropriate. The pair also benefited from uncertainty over the health of the EU banking system after 800 banks borrowed EUR 530bln from the ECB in 3-yr LTRO funds. In terms of technical levels, supports are seen at the 10DMA line at 1.5822, followed by 1.5801 and then at 1.5721 (Feb-24 low). On the other hand, resistance levels are noted at 1.6000/95 and then at 1.6119 (Nov 9th 2011 high).

USD/JPY – Despite being on a downward trend for much of the session, the pair stages an impressive rally following the statement by Bernanke (semi-annual testimony) where he said that the Fed is prepared to adjust the balance sheet “as appropriate”. In addition to that, the pair was supported by touted bids from the BIS. In terms of technical levels, supports are seen at 80.23 which is the Tenkan-Sen line, followed by the 10DMA line at 80.01. On the other, resistance levels are seen at 80.70/79 and then at 81.66.