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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Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil edged higher to 83.16 last week but upside was again limited by loss of momentum. Nevertheless, there is no confirmation of topping yet with 80.16 minor support intact and current rally from 69.50 could still continue to retest 83.95 high. On the downside, however,...
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Today U.S. Equity Markets weakened after Early Surge
U.S. equity markets finished down on Friday and barely avoided a closing price reversal top which would have signaled the start of a possible retracement to the downside. The March E-mini S&P 500 and NASDAQ made new highs for the year while all three indices closed higher for the week....
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Euro Closes Higher; Poised to Continue Up Move
The Euro closed the week higher and in a position to continue the rally as financial tensions have eased enough in Greece to warrant the beginning of a short-covering rally. Technically, the main trend is up on the daily chart with 1.4009 a possible near-term target. Although most of the...
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Chart of the Day ? USD/CAD
(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.) 3/12/2010 ? USD/CAD ? Bearish price action on USD/CAD, a...
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Technical Summary for Majors
EUR/USD Fresh strength has emerged from 1.3620 support, rallying sharply through 1.3735/87 resistance zone, to test 1.3798 range ceiling, ahead of corrective pullback. This now confirms near-term corrective base, for fresh push towards 1.3838, possibly 1.3886 on a break. Res: 1.3798, 1.3838, 1.3900, 1.3914 Sup: 1.3735, 1.3705, 1.3685, 1.3654 GBP/USD...
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Stocks Poised to Continue Rally; Demand for Risk Weakens Dollar
Retail Sales just came out bullish. Equity markets are soaring. Bonds are breaking. The Dollar is plunging. The market reads this report as good. The key will be to be able to separate the report from the trade. The question is will U.S. investors chase equity market higher or wait...
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U.S. Dollar weakens after Euro Breaks Technical Level
The U.S. Dollar is trading lower overnight against all major currencies. Investor demand for higher risk assets has been the driving force along with short-covering. Economic releases have played a limited role in this week?s Dollar movement. However, this may change today following the release of the U.S. Retail Sales...
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FX Thoughts for the Day
FX Thoughts for the day : 12-Mar-2010 - 1237 GMT EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ------------------------------------------------------------- USD-CHF @ 1.0601/04...Rounding Top R:...
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e-CURRENCY EXCHANGE
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