Alan’s Forex Blog

Hi,
I know this is not forex related but I’d like to personally invite you to watch an exciting video
that just came my way from the good guys at Options University…you just may take up options
trading as a result of it!
http://www.optionsuniversity.com/iscript.php?3440_A97484_21668
I reviewed the video myself, and I must say… I think you
should go there not and [...]

Previous session overview
The dollar is broadly weaker Wednesday in New York, as improving European economic data overnight boosted the euro and profit repatriations boosted the yen.
A better-than-expected U.S. second quarter gross domestic product report released as morning trading got underway gave the euro a slight boost, but potential gains may have been tempered by a [...]

Hi everyone. I have an interesting financial commentary article that I think you’ll enjoy. It comes from the likes of Claus Vogt of “Money and Markets” report (the man in the picture above) which I believe to be a reputable source of market commentary. Claus is of the belief that the Federal Reserve is more [...]

Previous session overview
In the currency markets, the dollar fell back below the JPY90 mark, weighed down by exporters’ sales, while the euro was also lower against the yen but up against the dollar. Dealers said the dollar and the euro were supported by month-end demand from Japanese importers for account settlement, while some players were [...]

Previous session overview
The dollar is holding its modest gains against most of its major rivals early Tuesday, amid an uncertain risk environment and mixed signals from equity markets.
The dollar was bid cautiously higher overnight ahead of some key U.S. housing and consumer confidence data later Tuesday as risk appetites suffered from mixed performances from Asian [...]

By Glen Somerville
Market Watch

World Bank President Robert Zoellick said the United States should not take the dollar’s status as the world’s key reserve currency for granted because other options are emerging.
In excerpts released on Sunday from a speech that he is to deliver on Monday, Zoellick said global economic forces were shifting and it was [...]

Previous session overview
The dollar and euro rose against the yen in Asia Tuesday as Japanese importers bought the two currencies to procure natural resources cheaply from overseas, but traders expect the greenback to soon resume falling.
Hedge funds also sold the yen to unwind positions they had accumulated during the currency’s “speedy” rise on Monday. As [...]

Daily Pivots: (S1) 140.34; (P) 141.73; (R1) 143.76
GBP/JPY recovers after dropping to as low as 139.72. An intraday low should be in place with 143.15 minor resistance broken with 4 hours MACD crossed above signal line. Some consolidations could now be seen but upside is expected to be limited below 149.01 support turned resistance and [...]