i agree reg oanda news. Especially the FxNow! updates from 4cast ltd at oanda are world class educational wise, they are very good at describing what was the reason for things just happened, and what to look out for. It's my first news source to go to when markets do something i did not expect, and i wonder why. Stuff like this
'A good start to the week for model and futures names, who have made quite an aggressive push at downside stops on a number of the majors, as equity futures prices fell in tandem. Stops at 1.48 on EUR/USD didn't appear to have bothered the scorers much, but a quick glance at 1.4775 was enough to bring a buyer back into the marketplace. Not confirmed yet, but suspicions that an Asian sovereign name might be that buyer are widespread. C.F'
DJ market talk at oanda sometimes also have a few good points like this 'The dollar has pushed broadly higher in European trading, extending the gains it made Friday after a stronger-than-expected employment reading, pushing the euro under $1.48 for the first time in a month. Sterling is also lower, trading below $1.64. The buck is also higher against Canadian, Australian and New Zealand dollars. However, further gains against the yen are proving tough to make. Exporter selling in USD/JPY is offering a near-term barrier around Y90, where the dollar is now trading. (KJM)'
knowledge as well as smarts are needed to make money.