Forex Word PressIntegrated Forex Experiences And Forex Information That Useful In Trading

Only two patterns this time and both patterns are in their early stage, while it's not yet time to trade on them but rather watch in anticipation for a breakout.

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The South African rand, known as one of the most high-yielding emergent market currencies ended the week falling against all major 16 currencies, as recession concerns rose after a negative U.S. employment report.

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Service industries in the U.S. probably shrank in June at a slower pace, signaling the worst recession in a half century is easing.

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Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.

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After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the uptrend from 1.3654 has completed at 1.6743 level already, then the next target would be at 1.5500 zone. On the other side, if 1.6743 resistance gives way, further rise could be seen to 1.7000-1.7500 area. For long term analysis, GBPUSD is in correction of the long term downtrend from 2.1161 (2007 high). Rebound

Even as the nation's economy begins clawing its way out of the worst recession in 60 years, there are growing signs that this recovery could come with an unsettling twist: The wheels of commerce may begin to turn again without any substantial boo

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Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability do so, much to the irritation of Congress and consumer advocates.

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