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		<title>DailyFX Forum - Blogs</title>
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			<title>DailyFX Forum - Blogs</title>
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			<title>Forex Links for the Weekend</title>
			<link>http://forexforums.dailyfx.com/blogs/yohay/3961-forex-links-weekend.html</link>
			<pubDate>Sat, 21 Nov 2009 09:09:03 GMT</pubDate>
			<description>Here’s a collection of interesting forex-related...</description>
			<content:encoded><![CDATA[<div><font color="#000000"><font face="Times New Roman"><font face="Arial">Here’s a collection of interesting forex-related articles from various places on the web. All of them have a scope larger than a single day’s trading.<br />
<ul><li><a href="http://www.forexblog.org/2009/11/interview-with-edward-hugh-the-dollars-demise-is-vastly-overstated.html" target="_blank">Adam Kritzer</a> interviews Edward Hugh, a macro economist that states that the dollar’s demise is overstated.</li>
<li><a href="http://transcripts.fxstreet.com/2009/11/combining-candlesticks-with-western-technical-analysis.html" target="_blank">James Chen</a> presents a webinar about combining candlesticks with Western technical analysis.</li>
<li><a href="http://trading-u.com/blog/index.php/archives/1199" target="_blank">Jay Norris</a> talks about the right questions to ask before making a trade.</li>
<li><a href="http://forexmagnates.com/fxintel-com-live-broker-comparison-intelligence/" target="_blank">Michael Greenberg</a> brings an interesting overview of FXIntel, that compares live spreads by different brokers.</li>
<li><a href="http://www.kathylien.com/site/forex-blog/how-far-can-dollar-rise-on-bernanke-comments" target="_blank">Kathy Lien</a> wonders how long the dollar can rise on Ben Bernanke’s unclear comments.</li>
<li><a href="http://www.winnersedgetrading.com/trade-of-the-day/precision-entries-and-maximizing-exits" target="_blank">Michael Storm</a>, on Casey Stubbs’ blog, talks about Precision Entries and Maximizing Exits, with many examples.</li>
<li><a href="http://www.marketskeptics.com/2009/11/china-plans-to-drop-dollar-peg-to-slow.html" target="_blank">Eric deCarbonnel</a> reports that China might drop the dollar peg in order to fight inflation. Currently, they’re quite careful.</li>
</ul>That’s it for now. In <a href="http://www.forexcrunch.com/forex-links-for-the-weekend-32/" target="_blank">last week’s links</a>, I promised to updated the list of top 10 blogs. So, here is the updated list of <b><a href="http://www.forexcrunch.com/forex-blogs-best/" target="_blank">forex blogs</a></b>.<br />
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			<dc:creator>Yohay</dc:creator>
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			<title>USDCHF is in range trading between 1.0032 and 1.0337</title>
			<link>http://forexforums.dailyfx.com/blogs/forexcycle-com/3960-usdchf-range-trading-between-1-0032-1-0337.html</link>
			<pubDate>Sat, 21 Nov 2009 05:22:00 GMT</pubDate>
			<description>USDCHF is in range trading between 1.0032 and...</description>
			<content:encoded><![CDATA[<div>USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards 0.9900 is still possible in a couple of week. Key resistance is located at 1.0337, above this level will indicate that the fall from 1.1021 has completed at 1.0032 level already, then the following uptrend could bring price back to 1.0800 area.<br />
<br />
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.<br />
<br />
<img src="http://www.forexcycle.com/archive2009/20091121_usdchf_1.gif" border="0" alt="" /><br />
<br />
<a href="http://www.forexcycle.com/" target="_blank">Weekly Forex Analysis</a></div>

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			<dc:creator>ForexCycle.com</dc:creator>
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			<title>EURUSD Weekly Summary: Still under pressure, Euro able to stay above 1.4820</title>
			<link>http://forexforums.dailyfx.com/blogs/setyo-wibowo/3959-eurusd-weekly-summary-still-under-pressure-euro-able-stay-above-1-4820.html</link>
			<pubDate>Sat, 21 Nov 2009 02:03:43 GMT</pubDate>
			<description>*EURUSD Weekly Summary: Still under pressure,...</description>
			<content:encoded><![CDATA[<div><b>EURUSD Weekly Summary: Still under pressure, Euro able to stay above 1.4820 key support level<br />
</b><br />
The EURUSD made another downside attempted yesterday, slipped below 1.4820, bottomed at 1.4801 but still closed above 1.4820 at 1.4860. On my daily chart below, we can clearly see that 1.4820 has been providing a good support area as price bouncing to the upside after touched or slipped below that area. I have no doubt in mind that this level plays a very important role at this phase, a key level to be watched carefully in the upcoming week. <br />
<br />
As you may already know, I already see a potential double top bearish reversal scenario since November 10. The double top bearish reversal scenario now still making good progress as price still moving nicely inside the  bearish channel after touched the peak around 1.5062 area. The 1.4820 level is also my neckline, so any penetration below that level should be considered as potential bearish reversal scenario confirmation towards 1.4625 and 1.4450. Of course, don't forget that we also have a good support at the trendline support area (blue) which has to be violated to the downside to support the bearish reversal scenario. However, once we have consistent move below 1.4820, I believe trendline support break is just a matter of time. We will put this double top bearish reversal scenario to the test next week. <br />
<br />
On the upside, the 1.4950/65 remains vulnerable to be tested after rejection to move consistently below 1.4820 this week. Break above that area and violation to the bearish channel should be seen as potential double top bearish scenario failure and re-testing 1.5062. Break above that area should be seen as bullish continuation scenario towards 1.5150 and 1.5300 area. <br />
<br />
<img src="http://i48.tinypic.com/2dmiemc.jpg" border="0" alt="" /><br />
<br />
Have a great weekend and see you guys next week.</div>

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			<dc:creator>Setyo Wibowo</dc:creator>
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			<title>Daily Currency Analysis</title>
			<link>http://forexforums.dailyfx.com/blogs/traderplanet-com/3958-daily-currency-analysis.html</link>
			<pubDate>Fri, 20 Nov 2009 21:59:22 GMT</pubDate>
			<description>*EUR/USD* 
 
The Euro weakened to lows around...</description>
			<content:encoded><![CDATA[<div><b>EUR/USD</b><br />
<br />
The Euro weakened to lows around 1.4840 against the dollar on Thursday as technical considerations tended to dominate within narrow ranges. The Euro was also unsettled to some extent by a general increase in risk aversion. The dollar was unable to make a serious attempt on breaking Euro support in the 1.4820 region as markets lacked momentum.<br />
<br />
The Philadelphia Fed index was stronger than expected with a further increase in the headline index to 16.7 from 11.5 the previous month. The employment component remained negative, but was at the highest level for over 12 months. Leading indicators rose a further 0.3% for October.<br />
<br />
Elsewhere, jobless claims were unchanged at 505,000 in the latest week which continues to suggest a slow improvement in the labour market even though job creation remains very weak. The net impact of the data was some slight reassurance with risk appetite looking to stabilise.<br />
<br />
In this environment, the Euro rose back to above 1.49 as Fed officials also remained generally very cautious over the economic outlook. The option positions which have been defended this week are due to expire on Friday and this could trigger higher volatility later in the session as markets look to break from recent narrow ranges.<br />
<br />
<img src="http://www.traderplanet.com/images/Kara/jobman_112009_1.JPG" border="0" alt="" /><br />
<br />
Source: VantagePoint Intermarket Analysis Software<br />
<br />
<br />
<b><u>Yen</u></b><br />
<br />
Finance Minister Fujii stated on Thursday that he never meant to support a yen rise with his comments after taking office. He is, however, opposed to a devaluation of the Japanese currency. The net impact of the comments is liable to be slightly yen positive.<br />
<br />
There was again a generally cautious tone surrounding Asian equity markets on Thursday which helped maintain Japanese currency resilience and the dollar was dragged back towards the 89 level as narrow ranges prevailed.<br />
<br />
The dollar dipped to test support near 88.50 as Wall Street opened lower before edging back to 89 later in New York. The Euro found support below the 200-day moving average and then moved higher.<br />
<br />
<b><u>Sterling</u></b><br />
<br />
The UK retail sales data was slightly weaker than expected at 0.4% for October, but previous month was revised higher. The latest government borrowing data was much worse than expected with a GBP11.4bn for October compared with expectations of a GBP6.1bn figure For the first half of the year fiscal year, the borrowing requirement was GBP85.9bn compared with GBP33.9bn last year. Tax receipts fell 9.1% while spending rose 10.3% over the year.<br />
<br />
The political situation remains unfavourable as there is very little chance of any corrective measures given that an election is due by May 2010 at the latest. The government projections forecast a deficit of 12.4% of GDP for 2009/10, but there will be fears that this could now approach 15% of GDP. Uncertainty over monetary policy will also continue to be a key feature and will tend to undermine confidence.<br />
<br />
In this environment, there is certainly a risk that Sterling confidence will deteriorate sharply, but there was support close to 1.66 against the dollar on Thursday.<br />
<br />
<b><u>Swiss franc</u></b><br />
<br />
The dollar was unable to make a serious challenge on resistance levels near 1.02 against the franc on Thursday and weakened back to 1.0130 later in the US session. The Euro was marginally higher against the franc, but still confined to narrow ranges near 1.51.<br />
<br />
Markets will remain on high alert over comments from National Bank officials. In general, deflation fears have eased slightly, especially with higher energy costs and this will tend to lessen pressure for intervention.<br />
<br />
The trade surplus increased to CHF2.46bn for October which will provide some degree of franc support, although the impact will be limited.<br />
<br />
<img src="http://www.traderplanet.com/images/Kara/jobman_112009_2.JPG" border="0" alt="" /><br />
<br />
Source: VantagePoint Intermarket Analysis Software<br />
<br />
<br />
<b><u>Australian dollar</u></b><br />
<br />
As risk appetite was slightly weaker, the Australian dollar dipped to lows below 0.92 against the US dollar in Asia on Thursday before stabilising. There were no fresh domestic incentives during the day with trends in commodity prices and risk appetite generally dominant.<br />
<br />
The tone is likely to be more cautious in the short term maintaining the risk of a further correction weaker. The Australian dollar was unable to make any fresh headway and was holding just below 0.92 later in New York.</div>

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			<dc:creator>TraderPlanet.com</dc:creator>
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			<title>Inflation Scorecard: Prices Bottoming</title>
			<link>http://forexforums.dailyfx.com/blogs/hardassetsinvestor-com/3957-inflation-scorecard-prices-bottoming.html</link>
			<pubDate>Fri, 20 Nov 2009 21:57:13 GMT</pubDate>
			<description>*Real-time Monetary Inflation (last 12 months):...</description>
			<content:encoded><![CDATA[<div><b><i>Real-time Monetary Inflation (last 12 months): 4.6%</i></b><br />
<br />
Data published by the U.S. Bureau of Labor Statistics this week shows U.S. inflation continuing to bottom. Year-over-year, the Consumer Price Index slipped 0.2 percent in October, its shallowest decline since March. Wholesale prices for finished goods, metered by the Producer Price Index, fell 1.9 percent annually, also the smallest decline since March.<br />
<br />
Key inflation markers notched in the week ending Thursday include:<br />
<br />
 <br />
<br />
    * Gold fixes in London averaging $1,130 an ounce; Thursday morning's fix at $1,136 put gold prices up 1.8 percent for the week; COMEX spot settlements averaged $1,135.10, up 3.2 percent.<br />
<br />
 <br />
<br />
    * Gold financing costs in London increased as lease rates fell; the financing curve flattened when one-month forward rates rose faster than three-month rates.<br />
<br />
 <br />
<br />
    * Gold stocks had a strong week, especially junior issues; the smaller stocks making up the Market Vectors Junior Gold Miners ETF (NYSE Arca: GDXJ) gained 8.4 percent for the week versus the 5.5 percent rise chalked up by the senior issues in the Market Vectors Gold Miners ETF (NYSE Arca: GDX); the contemporaneous pickup in the S&amp;P 500 Composite was 0.7%.<br />
<br />
 <br />
<br />
    * Crude oil prices rose modestly as the nearby NYMEX contract for West Texas Intermediate crude settled at $77.46 on Thursday, up 52 cents for the week; the cost of three-month roll continued to increase, this week rising 9 cents to $2.07 a barrel.<br />
<br />
 <br />
<br />
    * The gold/oil ratio also inched higher, to a 14.7x multiple.<br />
<br />
 <br />
<br />
    * On Thursday, the yield on three-month Treasuries weakened, while the London Interbank Offered Rate softened only slightly; the TED spread—the yield premium demanded in interbank lending—widened to 26 basis points (0.26 percent), its highest reading since Aug. 20.<br />
<br />
 <br />
<br />
    * Treasury long bond yields fell to 4.29 percent, just 8 basis points higher than rates six months ago; the Treasury curve flattened 8 basis points this week, to 4.28 percent. <br />
<br />
 <br />
<br />
    * The U.S. dollar continued to strengthen this week against the euro; cross rates averaged $1.4921 in interbank trading, reflecting the greenback's 0.6 percent appreciation.<br />
<br />
 <br />
<br />
    * On a year-over-year basis, monetary inflation spiked 32 basis points higher, to 4.6 percent, making the real yield on three-month Treasury bills -4.41 percent.<br />
<br />
 <br />
<br />
<b>Real (After-Inflation) Yields On Three-Month T-Bills</b><br />
<br />
<img src="http://www.hardassetsinvestor.com/images/stories/Zigler_blog_112009_Fig%201.jpg" border="0" alt="" /></div>

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			<dc:creator>HardAssetsInvestor.com</dc:creator>
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			<title>11 2009 Friday Ramble</title>
			<link>http://forexforums.dailyfx.com/blogs/black-swan-capital/3955-11-2009-friday-ramble.html</link>
			<pubDate>Fri, 20 Nov 2009 21:53:30 GMT</pubDate>
			<description>I noticed a Reuter’s poll today. All the top...</description>
			<content:encoded><![CDATA[<div>I noticed a Reuter’s poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency—yuan- was against the US dollar. The average guesstimate was about 20%. That’s about 20% lower than my guess would have been, but no matter.  What was interesting was their guess about when the Chinese currency would actually become convertible.  <br />
 <br />
Drumroll………………………………………………..2020!  <br />
<br />
Man, that’s a long time for the nut-job newsletter writers (guilty as charged, but not of this crime) to be shouting the “US dollar will disappear.”  I told you about one enlightened fellow who gives it a 10-year time frame before the buck goes bye-bye. But there is another, a guy at a yet another major newsletter firm actually has a 2-year target for dollar disappearance. Of course they know better—but it sells subscriptions.  It’s amazing! His readers lap it up as if tablets were just brought down from the mountain top; I guess it goes to the point about investing: People want to be validated; at least novice types (and gold bugs). I think, thinking people want a good dose of skepticism, as John Ross discussed so well in yesterday’s issue.  <br />
 <br />
Black Swan simply has a lot higher caliber of subscriber. We are thankful and fortunate.  <br />
 <br />
Okay…next topic, it seems pressure is building for Asia to get serious about currency suppression, or the flip side, for the US to get serious about dollar dumping. This comes interestingly on the heels of more news which is eliciting that special “double-dip felling” deep down in our gut. Yo, Larry!  Larry! Oh, yeah…Master Summers Sir! The US economy isn’t recovering the way you and your minion of neo-Keynesian cronies have told us it would.   <br />
 <br />
What made us laugh out loud yesterday was President Obama’s warning about too much US debt. It was one of those “say what” moments.   <br />
 <br />
President Obama—knock-knock—is anyone home up there or do you think we are just that stupid.  Your economic team knows only one policy; it is to create more debt and soak small businesses and payoff lobbyists, and Wall Street, and….(sorry).  Your team’s public debt policy will likely be the driver of US productivity for years to come, the unintended, yet foreseen by anyone not blinded by Keynesian cons, consequences of your efforts to stimulate productive capacity.   <br />
 <br />
It is to laugh, but it is so painful to watch. No matter how many times you read General Theory you won’t find the answers. Do you mind sharing that with Master Larry? No one else seems to be brave enough to share that idea with the Man.   <br />
 <br />
Three more years—Atlas is shrugging indeed.  <br />
 <br />
Asked this question on our webinar about emerging market currencies yesterday: Why could the US dollar rally? My answer: A risk event. The bigger the event, the more the dollar rallies. There appears darn little on the horizon to suggest there is anything good fundamentally to move the dollar higher.   <br />
 <br />
But thanks to awful US economic policies, and growing concern about the Baltics, Hungary, Ukraine, and Greece, not to mention bubble-iscous conditions in China, that risk event may be just around the corner. If so, the dollar goes higher. Simple as that…even it disappears in two years…it goes higher on risk here.<br />
<br />
US Dollar Index Daily:  Dollar has retraced just over 76% from its post-credit crunch high…<br />
<br />
…and almost every person we know out there—with a pulse—thinks it will make a new low and beyond.  <br />
 <br />
….but we urge some caution to the cocky crowd. We’ve seen this before. It was the great dollar bull market (yes newsletter writers, there actually have been some, though they have carved out lower highs and lower lows for good reason) of the 1990’s when Mr. Market pulled a wildcard from the bottom of the deck…<br />
 <br />
1992 (beginning of the bull market that rallied the dollar index from 78 to 121—a nine year move); the dollar retraced over 80% of the ’92-’93 rally; most believed the long dollar bear market dated from around ’85 was still underway.  Hmmm…<br />
<br />
Am I simply finding past facts to fit a fantasy story? Maybe! But at least this story has a modicum of plausibility. If you think the dollar is going away anytime soon, and the Chinese currency will replace it, I want a huge piece of the other side of that bet.  <br />
 <br />
Happy Friday!  <br />
 <br />
Jack Crooks<br />
Black Swan Capital LLC<br />
<a href="http://www.blackswantrading.com" target="_blank">www.blackswantrading.com</a></div>

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			<dc:creator>Black Swan Capital</dc:creator>
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			<title>Dollar fights back – weekly roundup</title>
			<link>http://forexforums.dailyfx.com/blogs/yohay/3954-dollar-fights-back-weekly-roundup.html</link>
			<pubDate>Fri, 20 Nov 2009 20:35:00 GMT</pubDate>
			<description>*The dollar isn’t giving up so easily. This sent...</description>
			<content:encoded><![CDATA[<div><b>The dollar isn’t giving up so easily. This sent some currencies down, while <a href="http://www.forexcrunch.com/range-trading/" target="_blank">others are stuck in a range</a>. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others.</b><br />
<br />
 The US dollar index made a nice rise this week, moving from 74.82 to 75.66, somewhat stopping the landslide. The <b><a href="http://www.forexcrunch.com/forex-weekly-roundup-the-dollar-wins/" target="_blank">comeback of the greenback</a></b>, that was very strong two weeks ago, was probably more than a short episode:<br />
<br />
<br />
Read the rest of the <a href="http://www.forexcrunch.com/dollar-fights-back-weekly-roundup/" target="_blank"><b>forex overview</b></a>.</div>

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			<dc:creator>Yohay</dc:creator>
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			<title>News in 60 Seconds: Stocks fall on Trichet comments and Dell earnings!</title>
			<link>http://forexforums.dailyfx.com/blogs/sean-hyman/3953-news-60-seconds-stocks-fall-trichet-comments-dell-earnings.html</link>
			<pubDate>Fri, 20 Nov 2009 15:54:14 GMT</pubDate>
			<description>*Biggest % gainers:* USD/CAD up 0.78%, USD/CHF,...</description>
			<content:encoded><![CDATA[<div><b>Biggest % gainers:</b> USD/CAD up 0.78%, USD/CHF, EUR/GBP, EUR/CAD ...mild USD and EUR strength.<br />
 <br />
<b>Biggest % losers: GBP/USD down 1.04%</b>, GBP/JPY, AUD/uSD, NZD/USD, AUD/JPY ...so lots of GBP weakness and some mild commodity dollar weakness. <br />
 <br />
Gold: $1,139<br />
Oil: $ 76.84 weakening...<br />
 <br />
<b>Stocks and commodities fell after European Central Bank </b>President Jean-Claude Trichet said policy makers will withdraw emergency cash gradually and Dell Inc.’s earnings trailed analysts’ estimates.<br />
 <br />
<b>JPY kept interest rates unchanged at 0.10% as expected (overnight). Here's what they said: </b><a href="http://www.reuters.com/article/marketsNews/idUST26704920091120" target="_blank">http://www.reuters.com/article/marke...26704920091120</a><br />
<br />
Sean Hyman<br />
DailyFX Forum Moderator</div>

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			<dc:creator>Sean Hyman</dc:creator>
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			<title>A review about a power tool for advanced forex traders</title>
			<link>http://forexforums.dailyfx.com/blogs/yohay/3952-review-about-power-tool-advanced-forex-traders.html</link>
			<pubDate>Fri, 20 Nov 2009 12:24:21 GMT</pubDate>
			<description>**PT Multistation *is a new product by PFSoft, a...</description>
			<content:encoded><![CDATA[<div><b><b>PT Multistation </b>is a new product by PFSoft, a software provider that specializes in software for brokers. PT Mulitstation is a multi-product software that allows the trader to connect to different brokers at the same time, compare and send orders. Their wide programming options make it a good choice for advanced traders. Here’s a review.</b><br />
<br />
 PFSoft, a young and innovative software company from Ukraine, has launched <b>PT Multistation</b> recently. Their main product is Pro-Trader, which is a highly customizable trading platform, for forex trading and for other instruments, that can be used by brokers.<br />
 .<a href="http://www.forexcrunch.com/wp-content/uploads/2009/11/pt-multistation.jpg" target="_blank"><img src="http://www.forexcrunch.com/wp-content/uploads/2009/11/pt-multistation.jpg" border="0" alt="" /></a><br />
 <br />
I asked Anton Trakht PFSoft;s marketing manager, about the target audience:<br />
<br />
Read the rest of the review of <a href="http://www.forexcrunch.com/ptmultistation-a-power-tool-for-advanced-forex-traders/" target="_blank"><i><b>PT Multistation</b></i></a>.</div>

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			<dc:creator>Yohay</dc:creator>
			<guid isPermaLink="true">http://forexforums.dailyfx.com/blogs/yohay/3952-review-about-power-tool-advanced-forex-traders.html</guid>
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			<title>DAILY FORECAST FOR GBPJPY</title>
			<link>http://forexforums.dailyfx.com/blogs/fx-forecaster-com/3948-daily-forecast-gbpjpy.html</link>
			<pubDate>Fri, 20 Nov 2009 04:12:03 GMT</pubDate>
			<description>*Bias:  *  I look for follow-through to the...</description>
			<content:encoded><![CDATA[<div><b>Bias:  </b>  I look for follow-through to the 145.53-90 area before a larger correction higher<br />
<br />
Given the outlook in GBPUSD I feel we still have another leg lower here as well. The 148.39 high probably provided that high but there is a small risk we could see a second push higher but no further than 148.78-90. More likely we shall see a retest of the 147.32 low area first. This should cause a minor correction and once complete should break lower to extend losses to the 146.13 area minimum and my favored target area is at 145.53-78. However, also take note of the 145.12 support. Take care as we reach these targets as I feel we shall see a reversal higher. <br />
<br />
Please view the complete analysis in the attached PDF file.<br />
<br />
For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.<br />
<br />
<img src="http://www.fx-forecaster.com/sitebuilder/images/Outlook_Signature-500x60.png" border="0" alt="" /></div>


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			<dc:creator>FX-Forecaster.com</dc:creator>
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			<title>EURUSD Forecast: Bearish correction remains intact, technical levels to be wathced</title>
			<link>http://forexforums.dailyfx.com/blogs/setyo-wibowo/3947-eurusd-forecast-bearish-correction-remains-intact-technical-levels-wathced.html</link>
			<pubDate>Fri, 20 Nov 2009 03:44:45 GMT</pubDate>
			<description>*EURUSD Forecast: Bearish correction remains...</description>
			<content:encoded><![CDATA[<div><b>EURUSD Forecast: Bearish correction remains intact, technical levels to be wathced</b><br />
The EURUSD attempted to push lower yesterday, bottomed at 1.4842 but bearish pressure was limited as the pair closed higher at 1.4915. The bias is neutral in nearest term. My technical focus remains at the bearish channel, which is still valid indicating bearish correction remains intact with the upper line of the bearish channel as key resistance area. As you can see in my daily chart below, the upper line has been doing a good job to keep the bearish correction intact since the rejection to move above 1.5062 area (peaks). Immediate resistance at 1.4965 area. Break above that area could be a serious threat to the bearish correction scenario re-testing 1.5062 area. Initial support at remains at the key support level around 1.4850/20 area. <br />
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<img src="http://i45.tinypic.com/wumbnr.jpg" border="0" alt="" /><br />
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<br />
<br />
<b>GBPUSD Forecast:</b><br />
The GBPUSD continued its bearish momentum yesterday. On h4 chart below we can see that the pair had a nice bearish momentum after break below the bullish channel and 1.6692 area. The bias is neutral in nearest term. CCI in oversold area and about to cross the -100 line up on h4 chart so we might see some upside rebound today testing 1.6692 resistance area. Break above that area could trigger further upside pressure testing the lower line of the bullish channel. I prefer a bearish scenario at this phase and only a move back into the bullish channel could be considered as bearish failure and trigger further bullish momentum towards 1.6842. Immediate support at 1.6605/00 area. Break below that area should continue bearish momentum targeting 1.6515 area. <br />
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<img src="http://i50.tinypic.com/qnjrio.jpg" border="0" alt="" /><br />
<br />
<br />
<b>USDJPY Forecast: </b><br />
The USDJPY attempted to push lower yesterday, slipped below 88.80 support area, bottomed at 88.63 but further bearish pressure was rejected as the pair closed higher at 88.93. On h4 chart below we can see that the pair has been trapped in 89.40 – 88.80/60 area this week indicating consolidation, moving no more that 100 pips so far. Both bullish and bearish power made false breakout and breakdown from the range area with no clear strong movement so far. I think the best strategy in this situation is to short around 89.40/50 or to buy around 88.80/70 area with tight stop loss. <br />
<br />
<img src="http://i46.tinypic.com/2195h01.jpg" border="0" alt="" /><br />
<br />
<br />
<b>USDCHF Forecast</b><br />
After breakout above 1.0120 resistance area, the pair push higher, topped at 1.0194 but but further bullish correction was rejected as price closed lower at 1.0134. The fact that price still able to stay above 1.0120 for me indicate that the bullish correction scenario should remains intact even we have not see a real bullish momentum so far indicating consolidation. Expected range for today is 1.0120 – 1.0207. Break on either side should give us clearer direction towards 1.0337 or 1.0000/33 area. <br />
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<img src="http://i47.tinypic.com/27wu6mv.jpg" border="0" alt="" /><br />
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Have a great day!</div>

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			<dc:creator>Setyo Wibowo</dc:creator>
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			<title>FXReturn.com London Forex Market Call 11.20.09</title>
			<link>http://forexforums.dailyfx.com/blogs/fxreturn-com/3946-fxreturn-com-london-forex-market-call-11-20-09.html</link>
			<pubDate>Fri, 20 Nov 2009 03:22:42 GMT</pubDate>
			<description>Welcome to the FXReturn.com London Forex Market...</description>
			<content:encoded><![CDATA[<div>Welcome to the FXReturn.com London Forex Market Call for November 20th, 2009. The GBP/USD continues to move lower off the mid November highs. The technicals are all pointing lower as the market trades through the 10 day average at 1.6670. The pull back could be as deep as 1.6430. The behavior of the GOLD market is selling off in the morning and buying the market back in the afternoon. The market ,however, failed to make a new high and is pausing at the 1140.00 area. 1180.00 is the next area of resistance. The Staff at FXReturn.com wishes you continued success. Please click the following link to view todays London Market Call:<br />
<a href="http://www.fxreturn.com/video/marketreview/LondonMarketCall/london1120809/london112009.htm" target="_blank">Created with Camtasia Studio 5</a></div>

]]></content:encoded>
			<dc:creator>FXReturn.com</dc:creator>
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			<title>USDJPY remains in downtrend from 92.32</title>
			<link>http://forexforums.dailyfx.com/blogs/forexcycle-com/3945-usdjpy-remains-downtrend-92-32.html</link>
			<pubDate>Fri, 20 Nov 2009 03:07:22 GMT</pubDate>
			<description>USDJPY remains in downtrend from 92.32 and the...</description>
			<content:encoded><![CDATA[<div>USDJPY remains in downtrend from 92.32 and the fall extended further to as low as 88.64 level. Deeper decline is still possible later today. Rebound would more likely be seen before breaking below 88.01 previous low. Support and resistance are located at the borders of the falling price channel. A clear break above the channel resistance will indicate that the downward trend from 92.32 has completed, then the following uptrend could bring price back to 91.00 or even 92.00.<br />
<br />
<img src="http://blog.forexcycle.com/wp-content/uploads/2009/11/20091120_usdjpy_1.gif" border="0" alt="" /><br />
<br />
<a href="http://www.forexcycle.com/" target="_blank">Daily fx Forecast</a></div>

]]></content:encoded>
			<dc:creator>ForexCycle.com</dc:creator>
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			<title>Eur/Usd: Update on Todays Price Action</title>
			<link>http://forexforums.dailyfx.com/blogs/casey-stubbs/3944-eur-usd-update-todays-price-action.html</link>
			<pubDate>Thu, 19 Nov 2009 20:25:20 GMT</pubDate>
			<description>Image:...</description>
			<content:encoded><![CDATA[<div><img src="http://www.winnersedgetrading.com/resources/Blog_Posts/Trade%20of%20The%20Day.jpg" border="0" alt="" /><br />
<br />
Eur/Usd up, down, up, down like a see saw. For those of you that remember that wonderful playground toy. You are always moving but you never get anywhere. I have good news though there is a trade setup in all of this.<br />
<br />
 That is how the Eur/Usd has been trading since the beginning of the month of November.  Today the price moved lower in the European session and then began to move back up in the New York trading session. The strong resistance level is 1.5000 and the strong support level is 1.4800. These two levels have been tested several times each.<br />
<br />
In the near term there isa wedge forming on the one hour chart and that wedge could be and entry signal upon break out.<br />
<br />
<a href="http://www.winnersedgetrading.com/trade-of-the-day/eur-usd-update-on-todays-price-action" target="_blank">1Hr chart </a><br />
<br />
<br />
<br />
The price has been consolidating to reach a point where we could see a breakout in the upcoming Tokyo or European sessions.<br />
<br />
When the price breaks the trend line on a one hour chart move to a 15 minute chart and when a 15 minute chart closes outside of the wedge enter the trade in the direction of the breakout.<br />
<br />
Place your stops above the high or low of the one hour candle in the direction of the trade. Move your stop to break even when you hit 15 pips of profit. I also open two lots and take early profits with the first lot and let the second lot run for larger gains.<br />
<br />
Make sure that the total of both lots open do not equal more than 2% of total account value the reason the trade size is so small is because this is necessary in order to practice safe money management techniques and to preserve capital.<br />
<br />
Thanks for reading and let me know how this trade setup works for you. I will come back tomorrow and review this trade, come back then to give me your trade updates as well.</div>

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			<dc:creator>Casey Stubbs</dc:creator>
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			<title>Cad/usd 30min chart on Nov 19, 2009</title>
			<link>http://forexforums.dailyfx.com/blogs/ablesys/3943-cad-usd-30min-chart-nov-19-2009.html</link>
			<pubDate>Thu, 19 Nov 2009 19:39:08 GMT</pubDate>
			<description>http://www.ablesys.com/fxcm</description>
			<content:encoded><![CDATA[<div><a href="http://www.ablesys.com/fxcm" target="_blank">http://www.ablesys.com/fxcm</a></div>


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			<dc:creator>AbleSys</dc:creator>
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