EURUSD broke lower of the flag formation but just after a fake north breakout in yesterday's trading session. So far today the pair is trying to break below another support trendline that has already etsablished a short term base; once we get lower forex news :: view details »

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Forex News Hub is the place to get your daily information regarding the trading world and foreign exchange trading in perticular, help us grow and maintain a quality service by VOTING on submited stories and Register and start submiting articles, bl forex news :: view details »
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Bernanke also made it plain that banks have still not recovered fully from the credit crisis and are not pulling their weight by becoming more relaxed about lending. Unemployment is still rising as suggested by continuing claims and industrial produ forex news :: view details »

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Personal consumer expenditure (PCE) rose 0.2% in April in line with market expectations. This represented a slowing in growth from the 0.4% gain seen in March. Personal income rose 0.2%, a touch faster than market expectations, although down from th forex news :: view details »

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German Retail Sales plunged -1.7% versus an expected 0.6% gain dragging EURUSD below the 1.5500 figure for the first time in 10 days. When adjusted for inflation German consumers spent less that last year as skyrocketing gasoline prices sapped purch forex news :: view details »

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GBPUSD failed to move lower yesterday as we anticipated but today it is giving us a second chance to get short; the pair reached the 1.9700 resistance level and is also forming a bearish divergence on the 1 hour timeframe. Moving under last night lo forex news :: view details »

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EURUSD formed a bearish divergence  that confirmed a double top formation at the 1.5580 level and has already started to move lower. The pair has a strong support level at  1.5500 to break before we can see a bigger drop but so far forex news :: view details »

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GBPUSD just broke above the 1.9700 resistance level and it has already retested it as a support on the 4 hour charts, we can now expect the pair to move higher towards the 1.9800 bullish target. The first step would be to take our yeasterdays high a forex news :: view details »

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USDCHF has been confined in a small bullish channel inside the bigger 1.0550/1.03 range; trading at the middle of this channel the focus is on the FOMC decission later on today that will without any doubt have a big impact for the future de forex news :: view details »

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The morning fall in GBPUSD triggred a head and shoulders pattern on the intra day timeframes, a H&S with the head formed just at the 2.00 round number and the neckline at the 1.99 level and a projected target of 1.98. forex news :: view details »

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The pair finally broke under the bullish channel on the 4 hour charts, a few days after we noticed that head and shoulders; EURUSD traded along the neckline until it finally found a combination of technical factors (resistance at 1.5950) and fundame forex news :: view details »

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EURUSD has been confined inside the 1.5650/1.5750 range for the last trading days of the previous week, bouncing from the support line but nor managing to push any higher then the 1.5750 area(the 38.2% Fibonacci retracement).  A break on th forex news :: view details »

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