Forex Bull

by Johan Kriek (jkriek@fxinstructor.com) Key notes: – Fed keeps interest rates at 0.25% and mentions in the statement more risk to the downside before recovery – Obama’s $825billion stimulus package is passed – UK House prices could have an impact later in the Euro session – Eurozone unemployment data and Consumer Confidence could spark a serious move in the EUR Probability Studies: No trade zone, bearish probability. Price is converging with the newly identified current trend support. I’d wait for this support level at 1.3085 to be violated first to confirm that the bearish probability is indeed sustainable.

The currency trading market offers many great opportunities to make money. However, before you jump into the financial forex market, you’ll need to proceed with caution and not to rush into it.

Explaining why they are both long the Aussie dollar versus the Kiwi, are Simon Warner, head of macro markets at AMP Capital and Stephen Halmarick, MD of Economic and Market Analysis at Citigroup. They share their currency strategies, with CNBC’s Oriel Morrison.    Watch Video MEDIA: VIDEO Permalink

Discussing the outlook for the dollar pending the Senate’s passing of Obama’s stimulus plan, with Lee Wai Tuck, currency markets strategist at Forecast, speaking with CNBC’s Rebecca Meehan & Lisa Oake.    Watch Video MEDIA: VIDEO Permalink

In such precarious times, average investors should retreat to traditional safe haven investments. Enzio von Pfeil, CEO of EconomicClock.com reveals what his picks are in this installment of “Protect Your Wealth”.    Watch Video MEDIA: VIDEO Permalink

The Euro and the British Pound slid close to a percentage point apiece against the US Dollar despite a close to 2% advance on Asian stock exchanges, inverting the risk aversion dynamic that saw the greenback gain as a safe-haven asset on falling equities.

Original post:  Identifying Trades with DailyFX 01.29.09 (Daily FX)

Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebound from 1.1313. further rise to test 1.1714 is possible.

Japan?s Retail Trade reading fell -2.7% in the year to December, the lowest in close to four years. Shrinking global demand has pushed companies to cut back production capacity and boosted unemployment, weighing on consumer spending and depressing overall economic growth.

Dariusz Kowalczyk, chief investment strategist at SJS Markets believes that stimulating domestic demand will address the root of the U.S.’ problems more than creating a ‘bad bank’. CNBC’s Oriel Morrison finds out more.    Watch Video MEDIA: VIDEO Permalink