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  Forex Trading Forex Trading – Elliott Wave USDJPY TradingLounge USDJPY Elliott Wave 1 Hour Chart Monday, 16 April 2012 at 6:25:00PM AEST Usd/Jpy is still under pressure after sideways price action in the past week, which was clearly a triangle; a five wave a-b-c-d-e pattern. why this is i...

This week's top trading blogs... MarketPulseFX Everything is fine in the world if you are holding mostly “bear” dominated positions. With global equities seeing red for the third-consecutive day, its longest losing stretch in two-months and market rumors rife, has investors again coveting the r...

Last week, US government data beat all estimates when it reported that Non-Farm Payrolls rose by 243,000 in January. The official figures easily surpassed the 140,000 estimate by economists. Additionally, the unemployment rate came in at 8.3%, the lowest level in nearly 3 years. This also recorded ...

What a week it has been for the Euro. Mid-week, ECB chief Mario Draghi gave a press conference, stating that the bank’s policy of extending low interest loans to financial institutions had been successful in stabilizing the region’s credit markets. Proof of his statement was seen in the recent Spa...

It’s good to be back in the currency market after a three week break. For my first article of 2012, let’s take a snap-shot of the world’s biggest economies to see how they fared for 2011. This can give us excellent insight into how they might perform at the start of 2012. According to the list by ...

Technical Analysis Report (TradingLounge's EarlyBird Report, everyday 7.30AM)News NEW YORK -(Dow Jones)- U.S. stock futures declined Friday morning, as the mid-week Thanksgiving holiday provided only a brief break from ongoing concerns over rising euro-zone sovereign bond yields. Dow Jones...

Last week, the Monetary Authority of Singapore said that the global economy and financial system are at their most fragile state since the 2008 crisis, with the immediate outlook characterised by a high degree of uncertainty. Not the most encouraging words for traders and investors to hear, but rec...

The countries which make up the “PIGS” – Portugal, Italy, Greece and Spain, have new leaders. Portugal is headed by Prime Minister Pedro Passos Coelho, after Jose Socrates resigned in March. Greek Prime Minister resigned last week to make way for a coalition led by European Central Bank Vice Presi...

Last week, 2 major central banks slashed their interest rates by 25 basis points each. The Reserve Bank of Australia was the first to act, cutting rates from 4.75% to 4.5%. This was followed 2 days later by new ECB chief, Mario Draghi, who surprised everyone by cutting rates from 1.5% to 1.25%. Ra...

Finance chiefs meet in Luxembourg this week. The good news for the markets is that finance chiefs are meeting and discussing global issues more frequently. The bad news is that no concrete solution has been hammered out yet. In the process, markets are continuing their free-fall. The MSCI Asia...