Forex Trading News of December 31, 2011

Forex Trading NewsForex Trading and Futures – USD Slips vs JPY & EUR while Gold Prices Fall
Source: Best Syndication

(Best Syndication News) Gold continued to fall today as European sovereign debt concerns eased temporarily (see the forex and futures charts below). Stock prices rallied again Thursday prompting investors to look at riskier equities. … See More »

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  • Forex Trading: GBPUSD Also At Weeks Midpoint

Source: Daily Markets

This pair is up sharply today and like the EURUSD tests the midpoint of the weeks trading rangee at the 1.5525 level. The 100 hour MA comes in at the 1.5542 level and this is the next upside target for the pair. Looking at the daily chart for the pair, … See More »

  • Forex Trading: USDJPY Tests 100 Day MA At The 77.17 Level

Source: Daily Markets

The USDJPY hase been pressured as the dollar loses value against all major currencies (see chart below). However, the price is testing the key 100 day MA and should find some profit taking against the level. (77.17 is the level). … See More »

  • Forex Trading: EURUSD Tests Midpoint Of Weeks Range At 1.2969

Source: Daily Markets

Traders seem to be caught short and forcing the squeeze in the liquidity starved market. The 100 hour MA is still a distance away (blue line in the chart above) at the 1.3002 level. This along with the 61.8% of the weeks range at 1.2296 are the next … See More »

  • WORLD FOREX: Euro Drops To 11-Year Low Vs Yen, Slips Vs Dollar

Source: Wall Street Journal

Skeletal and illiquid trading conditions that have characterized markets since late December persisted Friday. Yet traders remain fixated on events in the euro zone, where policymakers have yet to craft a solution to a dynamic that has driven Italy’s … See More »

  • WORLD FOREX: Euro Suffers Year-End Blues; Turkish Lira Soars

Source: Wall Street Journal

At 1137 GMT, the euro was trading at $1.2944 against the dollar, compared with $1.2960 late Thursday in New York, according to trading system EBS. The dollar was at Y77.38 against the yen, compared with Y77.62, while the euro was at Y100.18 compared … See More »

  • FOREX-Euro falls to 10-yr low vs yen, faces bleak 2012

Source: Reuters

It also lost around 0.5 percent against the Japanese yen to hit a decade low of 99.963 yen on the EBS trading platform, breaking below an options barrier at 100.00 yen. “The euro has held up relatively well given the crisis we’ve seen, but that view is … See More »

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