EUR/USD: Daily

If you’re looking for a newly forming trend, look no further! It appears that EUR/USD has finally broken a very significant support level, which could mean that a downtrend is coming. Price just clearly broke the 1.3000 level and seems to be heading for 1.2630, the next major support level. If you’re part of the bear camp, this could be a nice opportunity to go short.

AUD/USD: 4-hour

A similar setup could be found in AUD/USD’s 4-hour chart.

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UK Q4 final GDP has come in at -0.3% which is lower than the expected -0.2% and is a disappointing number for the pound which has faded lower this morning against the Euro and the USD.  The number is not a great surprise but more of a disappointment and will heap pressure on the Q1 2012 GDP to come.

The USD remains somewhat on the back foot following Fed chairman Ben Bernanke’s dovish tone earlier in the week with rhetoric suggesting more QE could be required and the loose monetary policy stance is here to stay despite a sustained run of positive economic data. The

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• Key Items: CN PMIs, JP Tankan, Europe EZ/UK/CH PMIs. US PMI.

• Sunday saw the release of a much stronger than expected official Chinese PMI for March. Early Monday sees the broader HSBC PMI.

• Early Monday also sees the closelyfollowed quarterly Tankan Survey.

• The latest German real retail sales data out today fell well short of expectations. Ger

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It is paramount for investors to find that right forex trading signal in a bid to take their trading prowess into the next level. Get the timing right is of vital essence in the forex market and with the aid of a reliable forex trading signal provider, you’re not far away from making the best trading decisions. There’re a couple of things that you’ll need to have at the back of your mind when selecting a reliable trading signal provider.

Providers Track Record

It is very important to get to know your provider’s past track record. It is n

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