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Eur/usd is fighting the first resistance level right now, around 1.5720/30. Above that zone, the correction suggested by indicators will be under way, with next resistances levels at 1.5770, and finally the zone around 1.5810 61.8% retracement of yestarday’s fall. Supports from here, will be at 1.5675, yesterday’s minimum, that if broken could trigger a […]

Hello everybody, hope you are fine, welcome to another day in forex market. To be honest, the most I can say about yesterday is Guauuuu!. I reviewed what I posted, and sadly market sentiment gain me and placed here only key points against dollar, following that negative felling. Although the live coverage give the chance […]

Hello everybody, sorry  I’m late, I have some urgent things to attend. Anyway.. it’s not that much to say right now, as we are waiting for the two main event of the day: ECB rates and US Payrolls. Both reports, as  you now are market movers, and taking a look at the charts, is easy […]

If you want to see how the live coverage worked, check the following link:
http://transcripts.fxstreet.com/2008/07/ecb-and-non-far.html
for far, one of the best experiences since I start working with FxStreet. You can review it and get ready for the next one!.

Another positive impulse for dollar, pushing trough ke levels. Euro needs to confirm under 1.5720, Gbp under 1.9800 and JPY above today’s maximum.
Breaking trough this point should trigger some interesting at least 25/30 pips rally

The ISM reading was really bad, yet not much of a reaction here. Look at this following 15 minutes chart: euro should correct at least to the 38.2 of the fundamental movement, if confirms above the 23.6 giving us some nice 25/30 pips.

Amazingly, dollar strength after the rate hike in Europe (that lift rates to 4.25%, as expected) and a not really that bad Nonfarm Payroll, helped also by a less hawkish speech from Mr Trichet.
As say in the LIVE coverage, majors have reached key levels where now seem ready for a short correction, remember in […]

As expected ECB lift rates to 4.25%, and we have some initial spikes, that still say no much: as the rate hike was already priced in. The mover today will the Non Farm Payroll employment report togheter with Mr Trichet speech. It’s early to define a direction for majors, but we will have to watch […]

The pair gain quickly despite I was unable to see this run today. Right now, the pair is above the roof of the horizontal channel clear in daily charts. If the pair manages to stay above 1.5850 and confirm with a candle opening up here, the figure will be pre announcing further raises for the […]