http://www.forextradesystem.com Wed, 07 Jan 2009 02:52:56 +0100 60 http://www.forextradesystem.com/en/forex_news/309/17985/ As I had expected, after breakdown the descending triangle formation on 4h chart, the EURUSD made a significant bearish movement yesterday. The pair hit my short target at 1.3750 and 1.3600, even further, bottomed at 1.3546. Today's Market Update/ Tue, 06 Jan 2009 09:02:54 +0100 http://www.forextradesystem.com/en/forex_news/309/17983/ Today's session started rather quiet as markets looked to take a breath after the big moves in the US, but the quiet was fleeting as a late Dollar surge set the markets moving. Today's Market Update/ Tue, 06 Jan 2009 09:01:33 +0100 http://www.forextradesystem.com/en/forex_news/309/17948/ The London session saw some impressive price action and the overall flavor was a much higher US dollar. Today's Market Update/ Mon, 05 Jan 2009 15:53:35 +0100 http://www.forextradesystem.com/en/forex_news/309/17930/ The EURUSD didn't make a significant movement on Friday. On hourly chart we can see that the pair moved in ranging area of 1.3980 - 1.3840. However I think the bias remains bearish. Today's Market Update/ Mon, 05 Jan 2009 09:41:44 +0100 http://www.forextradesystem.com/en/forex_news/309/17928/ With high expectations that the incoming Obama presidency will lay out a new sweeping aid package along with a round of tax cuts to help jump start the US economy, risk aversion seems to have fled the markets, at least for now. Today's Market Update/ Mon, 05 Jan 2009 09:40:51 +0100 http://www.forextradesystem.com/en/forex_news/310/17932/ The calendar may have changed, but the global economic environment remains the same--weak and getting weaker. The major data reports in hand so far (US manufacturing ISM and Eurozone manufacturing PMI's) point to further contraction in the US and European manufacturing sectors, typically leading economic indicators. This Week's Market Outlook/ Sun, 04 Jan 2009 09:52:48 +0100 http://www.forextradesystem.com/en/forex_news/309/17726/ The London session saw relatively good price action in what is expected to be another thinly traded market following the New Year holiday. Today's Market Update/ Fri, 02 Jan 2009 15:12:26 +0100 http://www.forextradesystem.com/en/forex_news/309/17694/ The New Year began in Asia with the Euro getting crushed ahead of PMI manufacturing data that most expected would show that Europe is slipping further into a deep recession, not a great way to celebrate the tenth anniversary of the Euro and the addition of Slovakia as the 16th member of the Euro Zone. Today's Market Update/ Fri, 02 Jan 2009 09:33:28 +0100 http://www.forextradesystem.com/en/forex_news/309/17675/ The last day of 2008 has not disappointed in terms of the price action and this remained the case in the overnight London session as well.   Today's Market Update/ Wed, 31 Dec 2008 14:26:30 +0100 http://www.forextradesystem.com/en/forex_news/309/17619/ For the last Asian trade day in 2008 we witnessed the US Dollar take some tiny baby steps into positive territory against the Yen, but the Euro remained slightly firmer. Today's Market Update/ Wed, 31 Dec 2008 09:13:54 +0100