Alan’s Forex Blog

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Fundamental Sterling touched 3-month highs versus the dollar on Monday after UK data showed manufacturers costs rising at the fastest rate since records began, while manufacturing output rose for the first time since October. The figures supported views that the Bank of England would not hurry to cut interest rates further from the current 5.25 percent after it stood pat on borrowing costs last week. Technical The Sterling may extend its rally to as high as 2.0580, based on charts that predict

Hello Everyone, We have a major adjustment to the Anomaly. We are reducing our risk and at the same time increasing our profit potential. Please see the Rules & Methods (Anomaly both sides of the trade for the details). Order 1 was a market order with a stop loss of 150 pips and target of 40 pips Order 1 is now a limit order +/- 30 pips from the open of 0:00 GMT with a stop loss of 70 pips (is equal to 140 pips at 4% - reduced risk) and a target of 80 pips (10 pips above the original

General Market Comments The Dollar continues to get hammered as we edge closer to the next FOMC announcement. We do expect them to cut by at least .50 and .75 or even 1.00 is not out of the question. The .50 cut is already priced into the dollar but more than that and we will likely see another leg down in the Dollar. On the flip side though, after this next cut the FOMC will have little room left to cut. So we could finally begin to see the Dollar stabilize on the back of this next FOMC

1 minute with ForexSurvivor (12 Mar Europe)                   GBPUSD: The start of the week with 2 bearish daily closings and lower lows facilitate further weakness in the coming sessions. GBPUSD: Sell 20045; TP22pips Trade Valid till 14Mar *** The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ***

SELL  EURUSD @1.5345, SL @1.5360, TP @1.5335 Signal Time:  March 12, 2008 06:58 GMT STATUS: -ON -

1 minute with ForexSurvivor       (11 Mar US) Yes indeed, and I have to believe that it is quite sufficient of what the FED announced today about the plan of ‘lending up $200b.’ It might be sufficient indeed but regrettably for few days only. Look at your stops to be hunted today and for those who can bear the stay, keep your stop far away as next week same high (or low) will be visited and even surpassed.     NZDJPY: Long 8302; TP 18pips Trade Valid till 14Mar