Made Easy Forex

Forex: EUR/USD falls to 1.2680, fresh daily low as Bernanke speaks
FXstreet.com (Córdoba) – The Euro broke to the downside the range in which it had been trading since the Asian session and fell to 1.2680 hitting a fresh daily low. But rebounded and rose quickly to 1.2715 as stocks in Wall Street turned positive after testing weekly lows.
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Forex: GBP/USD slieds to session low below 1.5465 after US consumer confidence
FXstreet.com (Barcelona) – The Pound is gaining downside momentum as retreat from yesterday’s high at 1.5600 extended 50 pips lower after the downward revision of of US Michigan Consumer Confidence Index, with the pair dipping below 1.5465 to a fresh session low at 1.5445.
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Forex. USD/JPY heading towards 84.00
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 84.46. Again capped by strong 84.70/80 resistance area, pair lost momentum on falling stocks entering Asian session close to daily low.
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The boon and bane of a strong ringgit
The strengthening of the ringgit may bring some festive cheer to the economy but the question which arises from this is whether Malaysian exporters are affected and if so, to what extent.
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Asian markets advance as Japan eases monetary policy; Euro and Pound in range
FXstreet.com (Barcelona) – Asian markets have opened the week on bid tone with investors’ sentiment lifted by Japanese easing monetary policy measures and Federal Reserve’s commitment to support an erratic economic recovery. In Forex markets, Euro and Pound are trading in range against the Dollar.
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Forex: USD/JPY rebound from 83.60 low extends to 84.90
FXstreet.com (Barcelona) – Dollar decline from 85.85 high on Friday extended on Tuesday to a fresh 15-year low at 83.60, where the pair found support to pick up on Wednesday and Thursday’s Asian session, trading on an upward trading channel reaching 84,85 session high so far.
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USD/JPY: Talk of solid bids between 84.30/50
The talk in the market is that some of the bigger hedge funds are buying this pair at 84.50 and just below. As we’re currently just 5 pips away from there, these stories look set to be tested.
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Forex: EUR/USD unable to define a bias
FXstreet.com (Buenos Aires) – Euro spent most of the day trading in past Tuesday’s range, lacking definitions and quite choppy despite early Europe spike to 1.2720 area on better than expected IFO survey data.
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