For "real time" coverage of Spot FX, check out http://www.forexlive.com/ . Former currency desk dealers commenting free of charge almost "live" on FX related news events. Very useful. The other useful coverage is 2000 USD more expensive...
Fxintruder had a nice journal "Neither Tech or Macro". He was a currencey trader primarly. I learned some things from him. He was very thorough and i think one can learn some from his process , knowledge and work ethic. I have a feeling he was a Market Profile user, but, he never said. He focused a lot on major levels. But then again, who doesnt.
Could someone explain why you would trade spot fx vs 6E futures? All I hear is regurgitated explanations from dealers and exchange officials. From what I see with closely sized contracts, Avg USD/EUR spread is 1.3 and you pay $13 or $26 rt. Avg Futures commish is $ 5 or $10 Rt. That's is an incredibly big difference in cost if you trade intraday.
Not really, spreads in spot for 1 million(= 8 6E contracts) are usually below 1 pip(point) and commissions are $20 per million USD per side or less (depending on trading activity level).