.:::Forex Trading Signals:::.

Strong consensus expectations are that the FOMC will do nothing to rock the boat tonight since there is little evidence that suggests we believe otherwise, and since as we have pointed out, this is the first one-day meeting since September of 2008. Still, consensus is a dangerous things as the…

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Trading cable of late has not been for the feint hearted. Another sharp move lower at the London open today (to USD1.4980) was followed by a squeeze up to USD1.5120. A war of words between the UK Treasury Chief Secretary Byrne and the EU Commission was responsible for some of…

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The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, considering current bearish cycle, suggests holding of open sales with earlier mentioned targets of 1,0560/80 and (or) further break-out variant up to 1,0500/20, 1,0440/60. The alternative for…

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In currencies, the USD is marginally weaker against the EUR and CHF, while higher against the pound. NZD/USD has gained more than 0.20% and is trading above $0.7000, supported by losses in AUD/NZD. Additionally, the Aussie is little changed and trading near $0.9150, as traders assess the RBA’s most recent…

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Things are a little mixed for the Dollar today, but overall positive. The Euro (1.3680) is trading lower than yesterday’s high near 1.3774, but higher than the US session low near 1.3640, within an overall downtrend that has more room on the downside. Dollar-Yen (90.25) is trading lower, but is…

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Euro 1.3675 Initial support at 1.3640 (Mar 15 low) followed by 1.3621 (Mar 11 low). Initial resistance is now located at 1.3796 (Mar 12 high) followed by 1.3839 (Feb 9 high)

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The FOMC will hold a one-day policy meeting on Tuesday, March 16th. This will be the first scheduled single day policy meeting for the Federal Reserve since the start of the financial crisis in September 2008. In February the Fed raised the discount rate 50bps to 0.75% and stated that…

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include(’http://www.actionforex.com/resources/calendar/cal1.php?f=20100316′);

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The FOMC interest rate decision will be important for the dollar on Tuesday. Markets will not be expecting a tighter policy to be signalled, but there will be speculation that the language will be adjusted and there is also likely to be a more optimistic tone on the economy in…

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