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#101
22nd May 2013
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2013.05.22 : Forex Technical Analysis: Today�s headline � Ben Bernanke�s testimony in Washington DC.
EUR/USD Forex Technical Analysis: In the first part of yesterday�s trading session the pair appeared to break below the level of 1.2880 but the comments made by James Bullard (FOMC member) about continuing the US stimulus package sent price above the mentioned level.  Technical Outlook Fundamental Outlook GBP/USD The first part of yesterday�s trading session was characterized by movement into lower territory, generated by the worse than expected UK Consumer Price Index (actual 2.4% and anticipated 2.6%) which weakened the Pound.  Technical Outlook Fundamental Outlook 
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#102
23rd May 2013
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2013.05.23 : Forex Technical Analysis: Another day headlined by an important speech.
EUR/USD Forex Technical Analysis: The speech of Fed Chairman Ben Bernanke produced the anticipated volatility and brought the pair below 1.2880 after first rising to touch the important resistance located at 1.3000. The Dollar started to strengthen on the back of Ben Bernanke�s comments suggesting a potential reduction of asset purchases in the near future if the economy will show signs of sustained improvement.  Technical Outlook Fundamental Outlook GBP/USD The Cable also fell on the back of Ben Bernanke�s comments, after a brief rally. Almost the entire day has been controlled by the bears and the pair reached the predicted target of 1.5040.  Technical Outlook Fundamental Outlook
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#104
24th May 2013
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2013.05.24 : The Forex Market: Is the bears� power starting to fade?
EUR/USD After the massive drop experienced Wednesday in the forex market explained, yesterday the pair climbed above 1.2880 and even touched the resistance located at 1.2955. The German Manufacturing Purchasing Managers� Index came out with better values than expected and this helped the Euro to drive the pair higher but Dollar weakness had a big role in the climb.  Technical Outlook Fundamental Outlook GBP/USD The greenback weakened against the Pound as well and the pair bounced higher after touching the level of 1.5040. The Second Estimate GDP came out with the anticipated value of 0.3% and it didn�t have a great impact on the pair as the rise was triggered by Dollar weakness, not Pound strength.  Technical Outlook Fundamental Outlook
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#105
27th May 2013
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2013.05.27 : The Forex Market: Two Bank Holidays translate into irregular movement.
EUR/USD The Forex Market: Friday�s better than expected German Ifo Business Climate strengthened the Euro and drove the pair higher but in the second part of the trading session, higher than anticipated values for the US Core Durable Goods Orders took the pair lower, nullifying all the previous gains.  Technical Outlook Fundamental Outlook GBP/USD For almost the entire duration of Friday�s trading session the pair slowly grinded higher, but overall it lacked momentum and the entire day had a 70 pip range.  Technical Outlook Fundamental Outlook
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#106
28th May 2013
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2013.05.28 : The Forex Market: Resuming normal movement after an uneventful Monday.
EUR/USD The Forex Market: Just as anticipated, the fact that both the UK and US Banks were closed yesterday generated a lack of volatility and almost sideways movement.  Technical Outlook Fundamental Outlook GBP/USD Although the Cable moved slightly stronger than the EUR/USD, the two Bank holidays affected it as well. However, the trading session was dominated by the bears who managed to take price lower.  Technical Outlook Fundamental Outlook
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#107
29th May 2013
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2013.05.29 : The Forex Market: A day which is likely to be a trend-setter.
EUR/USD The Forex Market: The US Consumer Confidence announced at 2:00 pm GMT came out with a better than expected value (76.2 from an estimated 70.7); this generated US Dollar strength and consequently, the pair started to move on a bearish path.  Technical Outlook Fundamental Outlook GBP/USD Just as the EUR/USD, the pair moved lower for almost the entire duration of yesterday�s trading session on the back of better than expected US Consumer Confidence and the important support at 1.5040 was touched.  Technical Outlook Fundamental Outlook
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#108
30th May 2013
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2013.05.30 : The Forex Market: US events hold today�s headlines.
EUR/USD The Forex Market: Yesterday at 12:00 pm GMT the German Preliminary Consumer Price Index was released and the increase was higher than anticipated: 0.4% from an estimated 0.2%. This strengthened the Euro, took the pair higher and almost the entire day was controlled by the bulls.  Technical Outlook Fundamental Outlook GBP/USD The British Pound briefly weakened yesterday when the CBI Realized Sales came out with a lower than anticipated value but the fall was quickly reversed once the US Dollar started to show signs of weakness.  Technical Outlook Fundamental Outlook
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#109
31st May 2013
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2013.05.31 : The Forex Market: A shift of power might be ahead.
EUR/USD The Forex Market: Yesterday’s trading session was entirely driven by the US data and surprisingly, all there important economic indicators came out worse than expected, triggering US Dollar weakness and a consequent move up for our pair.  Technical Outlook Fundamental Outlook GBP/USD The greenback’s weakness drove the pair higher and the resistance located at 1.5165 was easily broken but 1.5220 is still holding and might reject price lower.  Technical Outlook Fundamental Outlook
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#110
3rd June 2013
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2013.06.03 : The Forex Market: Locked between support and resistance?
EUR/USD The Forex Market: During Friday�s trading session the pair retraced lower, almost paring all the previous gains, on the back of better than expected numbers for the Chicago Purchasing Managers� Index which showed an increase from the anticipated 50.3 to 58.7 and strengthened the greenback. Large Image Link (269 kB) Technical Outlook Fundamental Outlook GBP/USD Friday the pair made another attempt at breaking the resistance located at 1.5220 but failed and the result was a move lower towards 1.5145. Large Image Link (256 kB) Technical Outlook Fundamental Outlook
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