Wednesday November 5, 2008 - 16:58:19 GMT
Share This Story
FXDD - www.fxdd.com
Forex Trading: Market remains volatile
The EURUSD backed off over 100 pips since surging above the 1.3100 level. USDCHF held the 200 hour moving average for the third time and move back higher.
GBPUSD reached a high of 1.6196 before backing off. This was in spite of the increased expectation of a full 100 basis point cut in rates tomorrow at the scheduled BOE meeting. Short term trading flows are dominating.
Oil is down $5.00, The Dow is down 200. Gold is being sold and is testing the 100 and 200 hour moving average at the 739.30/739.63 level. A break should lead to lower levels.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."