DailyFX Forum - Blog Entries

News in 60 Seconds: Stocks fall on Trichet comments and Dell earnings!

Posted Yesterday at 10:54 AM by Sean Hyman (News in 60 Seconds)

Biggest % gainers: USD/CAD up 0.78%, USD/CHF, EUR/GBP, EUR/CAD ...mild USD and EUR strength.

Biggest % losers: GBP/USD down 1.04%, GBP/JPY, AUD/uSD, NZD/USD, AUD/JPY ...so lots of GBP weakness and some mild commodity dollar weakness.

Gold: $1,139
Oil: $ 76.84 weakening...

Stocks and commodities fell after European Central Bank President Jean-Claude Trichet said policy makers will withdraw emergency cash gradually and Dell Inc.’s earnings trailed analysts’ estimates.

JPY kept interest rates unchanged at 0.10% as expected (overnight). Here's what they said: http://www.reuters.com/article/marke...26704920091120

Sean Hyman
DailyFX Forum Moderator...

Tags: currency, dailyfx, ecb, forex, fxcm, gainers, gold, interest rates, jpy, losers, oil, sean hyman, trichet

Sean Hyman

DailyFX Power Course Instructor

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A review about a power tool for advanced forex traders

Posted Yesterday at 07:24 AM by Yohay

PT Multistation 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.

PFSoft, a young and innovative software company from Ukraine, has launched PT Multistation 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.
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I asked Anton Trakht PFSoft;s marketing...

Yohay

Forex Crunch

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DAILY FORECAST FOR GBPJPY

Posted 11-19-2009 at 11:12 PM by FX-Forecaster.com (The Daily Forecaster)

Bias: I look for follow-through to the 145.53-90 area before a larger correction higher

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.

Please view the complete analysis in the attached PDF file....

Attached Files

The Brief Daily Forecaster.pdf (25.2 KB, 18 views)

FX-Forecaster.com

Special Guest Trader

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EURUSD Forecast: Bearish correction remains intact, technical levels to be wathced

Posted 11-19-2009 at 10:44 PM by Setyo Wibowo (FXInstructor.com Daily Forecasts with Setyo Wibowo)

EURUSD Forecast: Bearish correction remains intact, technical levels to be wathced
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...

Tags: euro, poundsterling, yen

Setyo Wibowo

Special Guest Trader

Posted in Technical Analysis Commentary

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