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Latest Currency News

Post of the Day: Double Top (Daily FX)

Student?s Question: I'm not sure if this is the right way. I marked the double top formation, and indicated the position for the entry, and the stop order... Question where the limit order goes, or I don't need it?....

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Euro in Play with German Unemployment Set To Rise for the First Time in 3 Years (Euro Open) (Daily FX)

The Euro may see renewed selling pressure as German Unemployment is set to rise for the first time in nearly three years, with 10 thousand people expected to lose jobs in December. Overnight data saw the New Zealand trade deficit narrow as imports dwindled while Australian Retail Sales surprised to the upside in November.....

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Falling Producer Prices Conflicts With Bullish Euro Technical Outlook (Daily FX)

Euro-zone producer prices are expected to have fallen by 1.0% in November on the back of freefalling oil prices. That would be the largest one month drop since records began in 1981.....

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Identifying Trades with DailyFX 01.07.09 (Daily FX)

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Chart of the Day: GBP/AUD (Daily FX)

With the GBP/AUD sitting between support and resistance, it might be time to once again look for a selling opportunity.....

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