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*Lost today* Please note that I ended up going on to lose $27.50 because I saw a chance on USD/JPY I should have simply stayed away from the computer….

Not being able to break the resistance at 129.42, the pair is preparing for a bearish reversal….

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For more currency & commodity news & info, visit ufx.co The Japanese Yen declined to a six month low against the US Dollar with its biggest weekly loss against the Dollar since November, as improving economic data decreased expectations of further monetary easing in the USA. The Bank of Japan also stated that it would [...]

– In today’s live briefing we reviewed the latest developments in the Greek bailout drama as parties seem to be moving closer to agreement and we have moves by the ECB that show that Greece is one step closer to implementing its private sector involvement (PSI) deal which implies haircuts for private bondholders. In addition [...]

02/17/12 Greek bailout optimism helped push the euro higher this afternoon on the forex markets, even touching a 2 1/2 month high against the safer-haven Japanese yen….

For more currency & commodity news & info, visit ufx.co In the USA the trade deficit expanded in December to a six month high as the improving economy led to larger gains in imports than exports. The gap increased 3.7 percent to $48.8 billion from $47.1 billion in November, reported by the Commerce Department in [...]

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Today is very much a bullish market. Price broke the strong resistance at 121.80 is going up to the next resistance at 122.86 Overall a very bullish market….