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A topside surprise for this should be AUD supportive. The housing sector (construction and related) of the economy has felt a negative impact from the fall in home prices. If confidence returns to the sector it'll be a positive for the economy. I suspect a downside surprise will not impact as much as recent indicators (after May) have given small glimmers of recovery:
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Forex is one of those areas that most people feel is complicated. In reality, it's like many other forms of investment, a little knowledge can be dangerous. The good news for people out there looking for forex investing strategies is that there are enough strategies out there to meet any investment goal. You can be a simple long-term investor, or you can sit and watch the market every day looking for profit at every turn. As long as you want to learn forex trading, you can find a method that's right.
Ace Forex Signals provides accurate BUY/SELL signals for most major and exotic pairs. We primarily base our calculations on “Supply And Demand” which is the most effective method of getting in the market. The same method is used by the world banks! Unlike many other forex signals providing services, we do not intend on charging high fees for our services. We want to make sure that you get more than what you paid for. We want to help you grow your account so you can make the money that you’ve been wanting. We provide all kinds of features when you sign up. Signals will be sent directly to your E-mail!
Ace Forex Signals provides accurate BUY/SELL signals for most major and exotic pairs. We primarily base our calculations on “Supply And Demand” which is the most effective method of getting in the market. The same method is used by the world banks! Unlike many other forex signals providing services, we do not intend on charging high fees for our services. We want to make sure that you get more than what you paid for. We want to help you grow your account so you can make the money that you’ve been wanting. We provide all kinds of features when you sign up. Signals will be sent directly to your E-mail!
EURUSD is beeig longtime in downtrend. At least last highs are overwritten (highest highs) and EURUSD is showing strength (only technically, fundamentally it is weak) changing its downtrend to uptrend! So most adekvate entry point is then it will overwrite low point (support + weak divergence). This is good entry point because StopLoss is short and potential...
Advanced live charts for forex trading are free and easy-to-use at ForexLive. These real-time charting packages let you apply technical analysis to hundreds of FX pairs. The charts update live and and default to candlestick charts to help you trade foreign exchange. Your forex broker may have charts that don't update as quickly or have advanced features like at ForexLive where charts provide short-term or long-term opportunities for technical analysis. Use the live trading charts along with news and education to trade on currencies like the euro, yen and US dollar.
The USD is mixed As North American traders enter for the day, the CHF is the strongest. The NZD is the weakest currency and the USD is mixed.  Today the Fed chair will be testifying at 10 AM ET. The contents of his testimony will be released at 8:30 AM ET.  The Bank of Canada will also announce their current interest rate decision. They are expected to keep rates unchanged at 1.75%. The FOMC meeting minutes from their last meeting will be released at 2 PM ET. 
The 109.02-146 is overhead resistance The USDJPY has waffled up and down today as the "market" digests overhead resistance at the 38.2% retracement of the move down from the April 24 high at 108.918 and swing resistance at 109.022 to 109.146.  That area was home to swing lows going back to May. It was broken on May 31 and has not seen the levels since (see yellow area and red numbered circles).  
Carry trading is when you buy and hold a currency that pays a high-interest rate against a currency that has a low-interest rate. Each day a rollover is paid for the interest difference between the two currencies. The advantage of this is that even when your trade is not moving, money is deposited into your account daily. Also, since most forex trades are leveraged, you get paid on the size of your trade, not just the size of your capital.
DailyFX provides traders with an easy to use and customizable real-time calendar that updates automatically during announcements. Keep track of significant events that traders care about. As soon as event data is released, the DailyFX calendar automatically updates to provide traders with instantaneous information that they can use to formulate their trading decisions.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Note: Welcome back for some more chart analysis practice. As you know, I am not taking this trade in real life, and I have not back-tested this particular strategy on the USDCAD, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy...

While Forex trading can feel complicated, it's something that anyone with patience and the ability to learn from their mistakes can gain some skill at over time. It takes some persistence. The system is designed in a way that frustrates most people. You need to step back, keep an eye on the big picture, and trade small, at least in the beginning. It's also smart to avoid those "100 percent accurate forex trading systems" on the internet until you have some experience under your belt.
Hello all - DuncanForex with another trade idea. With NFP coming in strong on Friday and USD gaining strength - the question is: Is this short term sentiment and will the FED support further USD strength or will the FED still suggest a rate cut and in turn will USD weaken,? Therefore, the recent price action being a stop loss hunt before heading higher quite...
GBP/USD: Retail trader data shows 82.8% of traders are net-long with the ratio of traders long to short at 4.81 to 1. In fact, traders have remained net-long since May 06 when GBP/USD traded near 1.29115; price has moved 3.3% lower since then. The number of traders net-long is 8.7% higher than yesterday and 25.4% higher from last week, while the number of traders net-short is 6.7% higher than yesterday and 17.1% lower from last week.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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