ECB And BoE Offer Tradable Event Risk For Euro And Pound

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While both the euro and pound have dropped sharply against the US dollar over the past month; but fundamentals and technicals may keep momentum going for some of these european crosses and force new breakouts for others. See euro and pound pairs our DailyFX Analysts are watching below:

Antonio Sousa
My picks: Remain Short EUR/JPY
Expertise: Interest Rate Dynamics, Volatility and Sentiment.
Average Time Frame of Trades: 1 week to 3 months

John Kicklighter
My picks: Short GBPJPY
Expertise: Combining Money Management with Fundamental and Technical Analysis
Average...

DailyFX Analyst Picks

1.7629 is a key level to watch on the Cable. So far, it has held as support - and now price is on its way back up to test 1.7851 as resistance. What happens next will be critical.

If price manages to break below 1.7629, and successfully comes back up to re-test that level as resistance, then we could see the drop continue as far at the 1.6943 to 1.6931 range.

If we can manage to stay above 1.7851, then we have seen our bottoms for now. If so, targets to the long side would be 1.8262 and 1.8421

fxKnight.com

PFX Major Pairs Trading Outlook: 3 September 2008
by S. Wade Hansen

You may have noticed that we're trying something new today. We've divided our daily currency pair videos into two videos:

- The Major Pairs Analysis Video
(Covering the EUR/USD, GBP/USD, USD/CHF and USD/JPY)


- The Commodities and Crossess Analyis Video
(Covering the USD/CAD, AUD/USD, NZD/USD, GBP/JPY and EUR/JPY)

Each video addresses the intermarket factors that are affecting the currency pairs in each video.


By combining similar currency pairs into the same video, we are hoping to give you a more comprehensive understanding of what is affecting certain areas of...

LearningMarkets.com

View more charts at http://www.ablesys.com/fxcm

AbleSys

Did you know that "free stuff" can actually be quite expensive?

Let me explain:

A few days ago we started our Live Trading Chat Room. In this room we are trading several markets using a simple day trading strategy. In order to trade this strategy, you need to have a charting software that fulfills the following three criteria:

1. You must be able to plot the Bollinger Bands on your charts,
2. You must be able to plot the MACD study on your charts and
3. You should be able to display tick charts.

In the past couple of days I have been answering dozens of emails from traders who told me "I use XYZ software and I can't display tick charts. I don't want to use any other software, because...

RockwellTrading.com