Author: Irit Rutenberg

  This pair has been forming an ascending triangle for quite some time at these levels. Tuesday’s bar did nothing to invalidate that as it found support at the bottom of the triangle. The triangle...

Investors took profits on currency pairs that have recently run up creating a corrective them for the trading session.  The short-term momentum traders have been frustrated with the euro’s...

By ForexMansion.com The debt crisis on the periphery has been placed on the back burner and ignored by markets participants recently. Fitch cut the outlook for Spain before the weekend, noting that the financial sector may need...

The main event in the currency markets this week was the statement issued by the ECB, alerting markets participants that inflation was moving up at an unacceptable rate, and the ECB was not going to sit on the sidelines waiting...

Currency market participants were focusing on the implication of ECB’s Trichet comments yesterday. The reference to “strong vigilance” and explicit refusal to indicate that “rates are appropriate”...

  EUR/USD   The EUR/USD enjoyed a massively bullish candle this past week, and has stopped just at the 1.40 handle. This area has served as a support and resistance area historically, and appears ready to do so again....

  EUR/USD   Looking at the EUR/USD daily chart, you can see that we reached our projected 1.40 mark on better than expected employment numbers this past Friday. Once the pair broke above the 1.38 mark, we suggested...

The ECB meeting and more importantly the press conference that followed was the main event of the trading session. Trichet comments were very hawkish generating thoughts that a rate hike could be in the cards at next...

EUR/USD   We finally had the sustained move above 1.38 yesterday that we were looking for. Also mentioned yesterday was the idea that the pair was heading towards 1.40 in a short manner. It fell only 21 pips short of that...

Understanding the fundamental factors affecting the Forex market is possibly the most important step in properly assessing the behaviors of the foreign currency market. This article discusses the affects of economic indicators,...