Easy Forex Trading Signals Intraday Currency Trader Update

A dovish Federal Reserve in addition to fresh new multi-year highs in the DJIA moved the US Dollar to new lows against the Euro and other key counterparts, leaving little hopes of a continued USD recovery. Currency professionals show little attraction in low-yielding US Dollar positions, and indeed Commitment of Traders data demonstrated Non-commercial traders at their most short USD since the Euro traded in the direction of 1.60 in 2007.

The Dollar continues to be a speculator’s favourite with record-low interest levels and little risk of US Federal Reserve rate increases through the near future. A busy week for US fiscal event risk and international central bank rate actions may nevertheless shape market predictions for future yield spreads and push significant moves throughout key forex pairs.

USD/JPY best forex trading signals: USD/JPY drifted lower however support seemed to be identified around the prior lows of 81.40. We are now at the crossroads in the USD/JPY with support so close on the downside it seems like being a matter of holding and heading back in direction of the 82.80 highs or alternatively a break of 81.30 offers a bearish signal and speculators are seeking to go along with the break.

EUR/USD accurate and reliable fx trading signals: Patient traders are productive traders and the purchasers on the dip did very well yesterday as USD pessimism carried on on the release of worse than estimated GDP statistics. At this point traders are still calling it higher and see any dip maintained by the purchasers all the way down to 1.4700 with the initial goal as the psychological level of 1.5000 in the coming week.

GBP/USD best free fx trading alerts: We drifted lower in the overnight session back on the way to the 1.6600/10 support and individuals had been really prepared to be buyers on the dip. From here, provided that 1.6600 holds, individuals seem to be happy to be buyers in search of it to initially test the last highs of 1.6750 and further onwards to 1.6900 at some stage next week. A crack of 1.6600 could adjust this opinion.

Easy Pips Forex Signals is a provider of real time automated forex trading signals. See how you can get their real time forex signals at no charge.