Top Forex Reviews

Brazil is beating the drumbeat of war. The forex variety, that is. According to the Finance Minister, “We’re in the midst of an international currency war, a general weakening of currency. This threatens us because it takes away our competitiveness.” By its own admission, Brazil will not be sitting on the sidelines of this war. Rather, it will do battle on behalf of its currency, the Real.

Brazil’s concerns are perhaps justified, since the Brazilian Real has surged to a 2-year high, and is amazingly not worth more than prior to the collapse of the Lehman Brothers and the ignition of the global financial crisis. (If any

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Greetings.

Let’s pull up the AUD/USD hourly chart. We’ve seen a big move up and it looks like we may potentially see another push up to complete the upward movement.

Look for the pair to hit resistance around the .9800 level. At that point, reanalyze the market and look for a possible reversal point.

The daily charts point to a potential Ending Diagonal formation – which means once the currency completes its upward movement, look for a strong movement down.

Good luck, apply your money management and happy trading.

The Chinese Yuan has touched a new high, at 6.69 USD/CNY. Given that the Yuan has still only risen about 2% since the peg was officially loosened in June -  with most of that appreciation taking place in the last couple weeks – there still remains intense pressure on China to do more.

Last week’s intervention by the Bank of Japan diverted a tremendous amount of attention towards the Yuan. In f

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The Forex event of the year opens today (Thursday) in Las Vegas. The 2010 Money Show is going to be a huge attraction for Forex traders around the world as well as some of industry-leading Forex experts. People like Kathy Lien and John Bollinger will be attending the event, which is sure to attract traders from around the globe. The Money Show Las Vegas 2010 will be a two day event entitled The Futures and Forex Expo. The event was designed with the Forex trader in mind and its content tailored to the needs of the Forex community.

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The big question economists are asking how long the recent Euro strength / Dollar weakness will last?

Price action topped at 1.3438 yesterday despite weaker Eurozone data in the form of Eurozone PMI.  The rate held above 1.3335 which, coincidentally was the exact level we were at in August before the Euro decided move south and dip to 1.2600. Today is a quiet day in terms of data, the current level could make the German IFO release at 9.00am this morning very interesting.

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Today, we bring you an interview with Marc Chandler, the global head of currency strategy for Brown Brothers Harriman. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. Marc is a prolific writer and speaker whose essays have been published in the Financial Times, Barron’s, Euromoney, Corporate Finance, and Foreign Affairs. He is also the contributing economic editor for Active Trader Magazine and to TheStreet.Com. B

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In the broadcast today: AUD & NZD vs. USD: Is there a Bright Future “Down Under”? With the Fed giving the green light for the USD carry trade, we take a close look at the higher-yielding currencies “down under”, we explore the odds for further rate hikes from the Reserve Bank of Australia and the Reserve Bank of New Zealand, and ponder the potential for parity between the AUD and the USD, we analyze the latest trend developments with the AUD/USD and NZD\/USD currency pairs, we continue to monitor the EUR/USD and GBP\/USD pairs in the aftermath of the bullish breakouts for the EUR and GBP vs.

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In the broadcast today: USD, EUR, GBP and AUD Outlook ahead of the Fed. In preparation for the Fed’s interest rate announcement, we continue to ponder the outcome of the FOMC monetary policy meeting and explore what life could be for the USD, EUR, GBP, AUD and other currency majors after the Fed’s decision hits the newswires tomorrow, we analyze the latest trend developments with the EUR/USD and GBP\/USD currency pairs, we examine the inability of the USD\/JPY pair to break above recent resistance, we note the renewed strengthening of the higher-yielding commodity currencies AUD, NZD and CAD, we highlight the market’s reaction to the Irish and Portuguese sovereign debt concerns, the hawkish comments from the RBA Governor, and the Bank of England’s Quarterly Bulletin, we discuss new forecasts from Citigroup, FX Concepts and Bank of New York-Mellon, and prepare for the busy trading session ahead.

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From monetary policy to quantitative easing to forex intervention, the world’s Central Banks are quite busy at the moment. Even though the worst of the credit crisis has past and the global economy has moved cautiously into recovery mode, there is still work to be done. Unemployment remains stubbornly high, inflation is too low, and asset prices are teetering on the edge of decline. In short, Central Banks will continue to hog the spotlight.

On the monetary policy front, Central Banks have begun to divide into two camps. O

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The common currency Euro gained slightly versus the greenback and Japanese Yen in Monday’s Asian trading, rebounding slightly from Friday’s fall which came as a result of renewed worries over the fiscal situation in Ireland. A Forex strategist in the United Kingdom maintains that while the common currency will remain under pressure from economic woes among Euro-zone countries, he noted that the currency has become less sensitive since the European Union committed to helping those countries that are cash-strapped.  On Friday, the cost of insuring Irish debt from default rose to the highest price ever. As reported at 1:11 p.m. (SGT)

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