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Wednesday, March 3rd, 2010 Recap: The markets took well Greece’s proposal to further cut its budget by as much as $6.6 billion using spending cuts and new taxes. The Euro rallied and broke above the 1.37 level against the greenback. A strong US services report helped US equities to start the session higher and with oil pushing higher as well, risk appetite favored growth-sensitive currencies like the Canadian and Australian Dollars. The Pound was higher against the Dollar as well as it posted stronger than expected data on consumer confidence and services expansion. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Daily afternoon analysis of the US Forex market trading session with dailyfx Currency Analyst John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas. Produced by: www.dailyfx.com

Daily morning analysis of the US Forex market trading session with dailyfx Currency Strategist David Song. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas. www.dailyfx.com

Daily analysis of the US Forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

Daily analysis of the US Forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

GBP/USD long trade based on a close above previous resistance. Entry made by candle pattern. Reasons for trade: – Strong Bullish engulfing candle close on the 4H, which closed aggressively above previous resistance. – Price found support off the 8 & 21EMA’s. – Strong momentum shown on the 1H charts which should carry a high probability trade. – Price action found support off the 50% fib level & old resistance level from daily chart. – Good angle and separation of the EMA’s confirming upward …

EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above the 1.4117 level together with candles showing a lack of upward momentum. – Price has now placed in a lower high on the 4H something which it has not done in some time. – 8EMA failed to …

GBP/USD short trade based on the 4 hour closing candle: – 4H close below previous support at the 1.6290 zone. – 4H shooting star formation (almost a mini evening star) showing lack of momentum. – 1D has placed a lower high and double top, together with the 8EMA flatting off. – 1H showing a lower high and lower low, which indicates lack of buying momentum & rhythm.

NEWS TRADING +93 pips : Non farm payrolls trade explained (07/08/2009)

GBP/USD long trade based on momentum from EMA / FIB lines / candle pattern explained. Reasons for trade: – Strong Bullish engulfing candle close on the 4H, which closed below previous resistance. – Price failed to push lower on the 4H time frame, and close below 1.4560. – Price action found support off the 23.6 & 200 moving average on the 4H. – Large belt holding candle on the 1H which confirms momentum. – The daily chart found support off the 89, together with price action placing a higher …