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TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 GMT
2008-02-03 19:51:00
US, EU unlikely to stop Microsoft deal WASHINGTON (AP) - U.S. and European antitrust regulators aren't likely to prevent Microsoft from buying Yahoo, analysts said Friday, though scrutiny of the deal could drag on for months. 2008-02-01 23:31:41 EconoLog NEW YORK (AP) - Is the U.S. economy slipping into recession? Economists, analysts, company executives and investors are increasingly recognizing the possibility. Following are some comments Friday assessing the state of the economy, and what may happen if it slides into a recession: -- Analysts from Moody's in a conference call cited heightened fear of a recession as one of the reasons the ratings agency is likely to downgrade some bond insurers' financial-strength ratings by the end of the month.
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UPDATE: Colombia Nov Trade Surplus $190M Vs Nov 2006 Deficit
2008-02-03 19:43:00
Colombia posted a trade surplus of $190 million in November compared to a $239 million deficit in the same month in 2006, the national statistics department, known as DANE, said Friday. DANE said exports in November advanced 47% to $2.59 billion.In the first 11 months of the year, the country posted a trade deficit of $1.33 billion compared to a deficit of $52 million in the same period in 2006.Exports of oil, coal, coffee and nickel rose 53% in November from the same month in 2006 to $1.43 billion, while other exports saw a 42% rise to $1.69 billion.Exports of oil products in November rose 111% to $853 million, boosted by higher prices, as the country's oil companies shipped 25% more tons of oil and processed products out of the country. Coal exports rose 9.5% to $304 million in value, and were up 2.1% to 5.74 million metric tons in volume. In November, the worth of nickel exports fell 6.1% to $118 million, while coffee exports rose 20% to $152 million.The largest trade deficit re...
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New Services from FOREX.com
2008-01-29 14:04:00
More trading opportunities.You can now trade four new currency pairs at FOREX.com - AUD/NZD, AUD/CAD,GBP/AUD, GBP/CAD. These new cross currency pairs allow traders to directly target trading opportunities in the so-called “commodity” currencies.Even more research.Now you can access more research from within the platform; session recaps and pivot points are available from within our FOREXTrader platforms.Published three times daily at the close of each major market session, the session recaps provide actionable insight on the market. Pivot point calculations can help you determine significant support and resistance levels to anticipate trend shifts, especially when used in conjunction with other technical indicators.More trader education.Sharpen your trading skills with enhanced Learn To Trade Forex training program. The new course features updated information and additional lessons. Also, as part of the program you now have unlimited access to an experienced FX instructor.Also a...
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$117 Million Investment for GAIN Capital Group from 3i and VantagePoint
2008-01-29 13:57:00
GAIN Capital Group , LLC, a market leader in the rapidly growing online foreign exchange (FX) industry, announced at January 22, 2008, the completion of an investment round from two leading private equity firms with a specialty focus in finance and technology. 3i - $97 million investment, existing investor VantagePoint Venture Partners - $20 million investment. 3i US Growth Capital Partner Whitney Bower will join GAIN’s Board of Directors. 3i and VantagePoint purchased a minority stake from existing shareholders of the privately-held GAIN Capital, with a portion of the proceeds going to the company’s balance sheet to facilitate larger trading relationships with leveraged funds and institutions globally, as well as to support GAIN’s growing white label business. “We are pleased to welcome 3i to our investor group. We will undoubtedly look to leverage 3i’s financial expertise, strong global network and recognized ability to add value to help us achieve our long term business ...
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Forex Benefits
2008-01-27 20:32:00
The benefits of trading Forex (FX) online include but are not limited to the following: Real time live price quotes and executionLower transaction costsReal time account position analysis as it relates to Profits & LossesFree full access to real time market news, data and analysis - including real-time price quotes, international news, government-issued economic indicators and reports, as well as subjective information such as expert commentary and analysis, trader chat forums etc. The benefits of trading Forex (FX) vs. Equities & Futures Contracts are: Around the clock trading capability - 24 Hour a day trading (Weekdays) High level of liquidity, especially in the major currencies as the market exceeds US $1.8 Trillion daily.Highly leveraged with utilization of margins which allows for profit maximization and minimal up-front depos...
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Margins & Rollovers
2008-01-27 20:15:00
Margins in the Forex (FX) market, unlike their counterparties in the purchase of equity (Down payment), provide for a performance bond against trading losses. The utilization of margins allows traders to hold a position much larger than their account value (Leverage). This allows for increased profit capabilities & positions while maintaining a constant counterbalance against trading losses even in a highly volatile market. A Rollover is used for open daily positions; a trader will either pay or earn interest on their positions depending on the established margin and market position. Rollover positions are an inherent part of the Forex (FX) trading so it is imperative to keep track of the costs associated. Interest is paid on the currency that is borrowed, and earned on the one that is purchased. If a trader is buying a currency with a higher interest rate than the one he/she is borrowing, the net differential will be positive – ...

Trading Hours
2008-01-27 20:03:00
The trading is open 24 hours a day (Weekdays) - trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Traders have the ability to transact virtually every hour of the day across the globe allowing for tremendous trading flexibility: A true 24-hour market, the online Forex trading market is unlike any other financial market as investors can immediately respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. Time Zone ...
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Market Overview
2008-01-27 19:53:00
The Foreign Exchange or Forex (FX) market allows individuals and/or firms to speculate on the exchange rate between two currencies. It may also be utilized for hedging and protection purposes by individuals and/or firms that transact business globally. The FX market is considered an Over The Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange as with the stock and futures markets. The major players in the market up until now have been only professional traders from major international commercial and investment banks. Today, the market is being utilized by other market participants that range from large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, to private specul...
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Currency Description
2008-01-27 19:45:00
The world's currencies are on a floating exchange rate and are always traded and quoted in pairs. The most often traded currencies are those of countries with relatively stable governments, respected central banks, and low inflation. The major currencies in today’s market are - US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. The first listed currency is known as the base currency (With a value of 1), while the second is called the counter or quote currency; If a trader buys a EUR/USD position for example, he/she has bought the base currency, EURO and simultaneously sold USD, believing that the base currency in this case, EURO, will increase in value. (If a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening). Currency pairs that do not involve the U.S. dollar are calle...
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Forex Technical Analysis for 01/28-02/01 Week
2008-01-26 21:41:00
EUR/USD trend: sell.GBP/USD trend: hold.USD/JPY trend: buy.EUR/JPY trend: hold.Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 98.3103 49.8734 98.3517 49.9148 98.3931 49.9562 98.4345 GBP/USD 1.8987 1.9162 1.9497 1.9672 2.0007 2.0182 2.0517 USD/JPY 102.27 103.62 105.18 106.53 108.09 109.44 111.00 EUR/JPY 145.84 148.98 152.84 155.98 159.84 162.98 166.84 Woodie's Pivot Points: Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 74.1022 146.8093 74.1436 146.8507 74.1850 GBP/USD 1.9162 1.9497 1.9672 2.0007 2.0182 USD/JPY 103.62 105.18 106.53 108.09 109.44 EUR/JPY 148.98 152.84 155.98 159.84 162.98 Camarilla Pivot Points: Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 146.8072 146.8186 146.8224 146.8262 146.8338 146.8376 146.8414 146.8528 GBP/USD 1.9551 1.9691 1.9738 1.9784 1.9878 1.9925 1.9971 2.0112 USD/JPY 105.13 105.93 106.20 106.46 107.00 107.26 107.53 108.33 EUR/JPY 152.86 154.79 155.43 156...
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Euro Rises as Dollar Weak on Average Releases
2008-01-26 21:36:00
Today EUR/USD again showed a good level of gains, recovering from the major drop that was seen on Monday. It's already up by almost 0.8% and is looking strong. The reason for this behavior lies in the good Euro zone fundamental data and average data from U.S. today.Initial jobless claims report for the last week showed an insignificant drop by 1,000 compared to previous 302,000 (which has been revised up from 301,000). The analysts expected a growth to 320,000 that week.The report by National Association of Realtors on Existing home sales in December showed a bigger than expected decline — to 4.89 million from 5,00 million in November (annually adjusted).Crude oil inventories in U.S. continued to grow in the past week, rising up 2.3 million barrels, compared to previous value. This growth can mean a domestic demand decline and the wish to increase the inventories while the oil prices are quite low.
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Forex Technical Analysis for 01/21-01/25 Week
2008-01-26 21:14:00
EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: sell.EUR/JPY trend: sell.Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4167 1.4378 1.4499 1.4710 1.4831 1.5042 1.5163 GBP/USD 1.9169 1.9340 1.9447 1.9618 1.9725 1.9896 2.0003 USD/JPY 102.49 104.20 105.53 107.24 108.57 110.28 111.61 EUR/JPY 148.20 151.94 154.07 157.81 159.94 163.68 165.81 Woodie's Pivot Points: Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.4356 1.4453 1.4688 1.4785 1.5020 GBP/USD 1.9340 1.9447 1.9618 1.9725 1.9896 USD/JPY 104.20 105.53 107.24 108.57 110.28 EUR/JPY 151.94 154.07 157.81 159.94 163.68 Camarilla Pivot Points: Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.4436 1.4528 1.4558 1.4589 1.4649 1.4680 1.4710 1.4802 GBP/USD 1.9400 1.9477 1.9502 1.9528 1.9578 1.9604 1.9629 1.9706 USD/JPY 105.18 106.01 106.29 106.57 107.13 107.41 107.69 108.52 EUR/JPY 152.96 154.58 155.11 155.65 156.73 157.27 157.80 159....
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Euro Down Fastest Since December
2008-01-26 21:08:00
EUR/USD unexpectedly fell today after the moderate fundamental statistics were released in the United States. This currency pair declined from 1.4803 opening price to 1.4656 making it the largest daily drop for EUR/USD since December 14.CPI (Consumer Price Index) in December showed a better than expected growth, increasing by 0.3% - still lower than in previous month (0.8%), but above the forecasted 0.2%.Net foreign purchases of the long-term securities in November were at quite a high level - $90.9 billion, but lower than October's $114.0 billion.December's industrial production stalled with 0% change, but that can be considered a good news, because the negative change has been expected. Industrial capacity utilization dropped slightly, going down from 81.6% (revised from 81.5%) to 81.4%.U.S. crude oil inventories last week showed a gain at last increasing by almost 4.3 billion barrels after the previous report of 6.7 billion barrels dropdown.
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How to avoid making psychological mistakes while currency trading
2008-01-26 20:46:00
Amelie Gam is an Internet writer for Forex Trading Plus. She just wrote an interesting article on psychological aspect of currency trading.According to Amelie, a trader exposes himself/herself to the higher risk of loss when he or she : - doesn't control human emotions; - acts upon fear or hope without basing own feelings on real facts; - exploits other people’s human emotions (people who are constant in their mistakes can not gain success and earn money); - is not disciplined, doesn't make plans, doesn't follow strategies, doesn't apply mathematical and money management principles; - doesn't run only profitable trades and doesn't try to cut losses as fast as possible; - uses rumors and advice without being certain of their authenticity and quality. To be successful you have to think independently of the majority and stick out from the crowd. Currency trading is safer than other trading methods, but if you want to have an edge over other competitors than try to be wise and r...
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Foreign Currency Trading
2008-01-26 20:35:00
Forex - (short for Foreign Exchange) is real-time buying of one currency and selling of another. One of the biggest trading markets in the world, trading foreign currency allows people to trade one currency for another trying to determine which currency's value will increase by the end of a determined time. For example, one could choose to buy the US Dollar against the Euro in anticipation for a rate change in favor of the US Dollar. The foreign currency trading market is considered the largest financial market in the world with average daily trading rates currently amassing to over three trillion US Dollars. To start with, remember that the first currency listed is called the "base currency." A base currency is usually the US dollar. People (traders) will usually pit the USD against another currency – say, for example, a Japanese Yen. The American dollar is usually considered the base currency for quotes. For example, a quote of USD/JPY 2.34 means that one U.S. dollar i...
More About: Currency Trading , Trading , Currency

Forex Trading Tips
2008-01-26 20:32:00
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading. Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the...
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How to avoid typical pitfalls and start making more money in your forex tra
2008-01-26 20:25:00
Fiorenzo Fontana, a trader and analyst at UBS wrote a very interesting article containing a lot of tips on how to avoid typical pitfalls and start making more money in forex trading.All of his tips are very interesting and useful. Some of the less known are as follows:Trade pairs, not currencies Don't place very tight ordersUse reasonable stop lossesIncrease your leverage in line with your experience and successDon't trade during off peak hours The best time to trade is when news is releasedIf you place a trade and it's not working out for you, get outTrade in the direction the price is going Learn the business before you trade - possibly the most important tip!In the second part of the article, Fiorenzo gives a number of interesting tips relating to trader's behavior and psychology. Again, some of the less known are:Focus on your current position(s) and place reasonable stop losses at the time you do the tradeFocus on one cross at a time Don't trust demos - demo trading often ...
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Fibonacci Numbers and the Golden Ratio - 3 Tips for Greater Trading Profits
2008-01-26 19:52:00
In this report, we will look at the history and background of Fibonacci numbers and The Golden Ratio. We will then outline three specific money management tips that can help increase your profit potential.Support and resistance levels are an important consideration for most traders to help identify entry and exit points when trading. Fibonacci percentage "retracement" levels based upon the Fibonacci number sequence and golden ratio are very popular with many traders but what are they exactly?What are Fibonacci Numbers and the Golden Ratio?The Fibonacci sequence first appeared as the solution to a problem in the Liber Abaci, a book written by Leonardo Fibonacci in 1202 to introduce the Hindu-Arabic numerals used today to a Europe still using Roman numerals.The original problem in the Liber Abaci posed the question: How many pairs of rabbits can be generated from a single pair, if each month each mature pair brings forth a new pair, which, from the second month, becomes productive.The...
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Market participants
2008-01-25 15:24:00
Source: Euro money FX survey Top 10 Currency Traders % of overall volume,May 2007 Rank Name % of volume 1 Deutsche Bank 19.30 2 UBS AG 14.85 3 Citi 9.00 4 Royal Bank of Scotland 8.90 5 Barclays Capital 8.80 6 Bank of America 5.29 7 HSBC 4.36 8 Goldman Sachs 4.14 9 JPMorgan 3.33 10 Morgan Stanley 2.86 Unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, a...
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