Welcome
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 FOREX (FOReign EXchange market) is an international foreign exchange market,
where money is sold and bought freely. In its present condition FOREX was
launched in the 1970s, when free exchange rates were introduced, and only the
participants of the market determine the price of one currency against the other
proceeding from supply and demand.
As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.
  
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Technical Analysis Reports (UPDATED) |
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Weakness Stays With Greenback; Yen Might Start Sliding as well
This week, The US dollar continued to lose ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD also gained on the greenback. Even gold, which has been declining is gaining again....
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Comprehensive FX and Futures Daily Commentary
Daily Market Commentary EUR/USD Consolidates Above 1.30 The EUR/USD is consolidating above 1.30 as the EUR/GBP moves lower, indicating the Euro is exhibiting a relative weakness today. Weakness in the Euro currency comes as optimism stemming from last week?s EU stress test results fades and investors begin to look forward....
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Weak Japanese Economic Data encourages Shedding of Risk
Weak Japanese economic data encouraged the shedding of risk overnight driving the U.S. Dollar higher against most major currencies while pressuring the Dollar/Yen. Overnight it was reported that Japanese economic data was weak, with the core CPI falling 1% from a year earlier in June. May industrial production and...
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GDP Up 2.4%; Economy Growing Slowly; Stocks Called Lower
U.S. economic growth slowed during the second quarter more than economist estimates, pressuring equity markets before the opening. Expectations were for a rise of 2.5% to 2.7%. The actual GDP figure was an increase of 2.4%. Stocks fell on the news as investors shed risky assets. Treasury futures rallied...
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Chart of the Day ? GBP/USD
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 7/30/2010 ? GBP/USD ? Price action on GBP/USD (a daily...
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Technical Daily Analysis-EURUSD - a few scenarios
We have come down to the .382 retracement of the last leg and bounced. Ordinarily we would look to build a bear flag and then go further to the .500 fib. Looking at the chart however, there is a large consolidation area between the .382 and .500 fib which could...
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Currency Majors Technical Perspective
EUR/USD Current price: 1.3012 View Live Chart for the EUR/USD Back to the downside after testing 1.3060 resistance area on worse than expected US GDP q/q EUR/USD is heading north supported by 4 hours indicators, while hourly chart show 20 SMA gaining bearish slope and capping the recovery, supporting the...
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Weekly Indices Technical Commentary
Here is today's Dow Report from FuturesTechs. At the start of the week we said: ?In the coming sessions we?d like to see a move to, then through, 10536, the June 21st high?. It?s not happening, but there is a story unfolding about this 10536 level. It has been the...
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e-CURRENCY EXCHANGE
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