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Forex Market Update
2008-06-06 04:29:00
5/6/2008 - The Current Market SentientPosted: 05 Jun 2008 09:43 AM CDTA massive change has happened to the single currency outlook over the short term today after very hawkish comments from the ECB president Trichet in his press conference after the ECB decision to hold the interest rate unchanged. Trichet has hinted that there can be a rate hike for stalling price stability over the medium term after the increased threats of inflation recently which can expose the Euro zone to a second round effect of inflation which is desirable and should be frightened. The Mid-Day Forex Technical Report - Euro Boosted by Possibility of a Jul Hike from ECBPosted: 05 Jun 2008 08:58 AM CDT Action Insight Mid-Day Report Euro Boosted by Possibility of a Jul Hike from ECB Euro soars strongly in US session today after hawkish comments from ECB Trichet after the central bank left rates unchanged at 4.00% prompted speculation that ECB may raise rate as soon as next month. Indeed, in the Q&A session, ...
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Forex Market Update
2008-05-28 16:41:00
Gold situation up to 27-05-2008Posted: 27 May 2008 09:57 AM CDTGold is the asset that shows you two things: How the US Dollar is faring and how high is the fright of a financial meltdown. This is why it is quite important for FOREX traders to be up to date in the situation of the metal. We will try to show its situation with the following weekly chart: 1.Gold is in an uptrend and its price is governed by a rising channel, with some parallel inside lines (in blue). Currently, the price has reached from below one of these parallel and has been repelled. Mid-Day Forex Technical Report - Dollar Steady after Mixed DataPosted: 27 May 2008 09:44 AM CDT Action Insight Mid-Day Report Dollar Steady after Mixed Data Dollar recovers earlier today and remains steady after mixed data out of US. On the one hand, Conference Board Consumer Confidence dropped more than expected from revised 62.8 to 57.2 in May, the lowest reading in more than 15 years since 1992. On the other hand, New Home sales pos...
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Forex Market Update
2008-05-25 08:09:00
Commodity Market Summary Posted: 24 May 2008 09:28 AM CDT Grains Soybeans closed nearly unchanged this week, with the July contract settling 7 cents lower at $13.71 a bushel. News that negotiations between Argentine farm leaders and government officials failed to resolve disputes over rising export taxes sent the market over 40 cents higher today, closing just off the highs of the week.  Speculation that a resolution between farm leaders and Argentine officials were near, sent soy lower, earlier in the week. Rising energy prices and Friday's GBPUSD is forming a sideways consolidation Posted: 23 May 2008 09:15 PM CDT GBPUSD is forming a sideways consolidation in a range between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029 resistance. Key support is now located at 1.9363, only break of this level will signal resumption of the down trend. For long term analysis, the pair formed a long term cycle bottom at 1.9337 (Jan 22 low), the rise ...
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Forex Market Update
2008-05-22 07:14:00
Forex Market Update The fundamentals are bullish, while the techs are becoming overdonePosted: 21 May 2008 10:54 AM CDTOVERNIGHT CHANGES THROUGH 3:15 AM (CT): GOLD +3.60, SILVER -0.50, PLATINUM +32.10 London Gold Fix $925.00 +$18.00 LME Copper stocks 124,950 tons +2,300 tons GOLD stks 7.582 ml oz Unch oz SILVER stks 133.7 ml oz Unch oz OUTSIDE MARKET DEVELOPMENTS: With another round of new lows for the move in the US Dollar, more new all time highs in oil prices and at least temporarily higher US equity market action early, one could have suggested that the bull camp in precious metals had a perfect storm U.S Market UpdatePosted: 21 May 2008 10:34 AM CDT- Markets were trading in the red for a second day in a row this morning as oil continues its long march north, passing the $130/bbl mark before the New York open and hitting $132/bbl in mid-morning trading following weekly inventory data. Airline names are feeling the pain of soaring fuel costs and fresh analyst downgrades, while AMR...
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Forex Market Update
2008-05-20 19:34:00
U.S Market Update Posted: 20 May 2008 11:15 AM CDT- Markets started the week slightly lower, but have traded up across the board by mid-morning. Lowe's and Cambell Soup have been under some pressure right from the open after reporting results. PEIX+35% bested analyst estimates thanks to a 63% rise in sales y/y and its successful efforts to offset the rising costs of corn feedstock. Solar names were being led higher by SOLF+14.5% as options trading in the name reached a record level on speculation the solar-panel maker will beat profit. How sweet it Is!Posted: 20 May 2008 10:34 AM CDTHow sweet it is! Another record high as sweet crude cash gains on heavy sour. Who says that the extra Saudi oil will have no effect? Sure it will! It will lower the cost of crude that hardly anyone around the globe really wants. No wonder OPEC says they will not be adding any oil until the September meeting. Oil soared as our oil rut may turn into a heavy crude supply glut. Why is oil rallying then? W...
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Forex Market Update
2008-05-18 08:35:00
Commodity Market Summary Posted: 17 May 2008 07:31 AM CDT Grains Soybeans gained 1.5-percent this week, with the July contract settling 20 cents higher on the week at $13.78 a bushel. Speculation that the Argentine farmer strike would add pressure to an already tight U.S. supply kept prices higher. Improving corn plantings in the U.S. Midwest, however, capped any additional gains in the corn market.  Farm-group leaders in Argentina are expected to remain on strike for at least another six days. This news came after the government failed to AUDUSD breaks above 0.9541 previous high Posted: 17 May 2008 05:32 AM CDT AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support holds, up trend will continue. For long term analysis, AUDUSD broke above 0.9496 previous high and is back to long term up trend. Further rise to 1.0500 ...
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Forex Market Update
2008-05-16 21:26:00
Forex Market Update   Weekly Currency Brief   Posted: 16 May 2008 10:32 AM CDT Currency markets are pretty volatile recently and it was no different this past week. These big swings were caused by the inflation reports published in the United States, the Euro zone, the UK and Poland. In the Euro zone CPI inflation stayed unchanged at 3.3% (on a yearly basis), which is way above the 2.0% limit set by the European Central Bank (ECB). High inflation is a problem since the European economy is slowing down and an interest rate cut seems reasonable.   Crude Oil set a new record high of $126.98 per barrel   Posted: 16 May 2008 10:30 AM CDT Overview Again despite corrective US dollar strength, which saw the Yen drop to 105.45 and Cable to $1.9361, Nymex Crude Oil set a new record high of $126.98 per barrel, taking Gasoline and Heating Oil to new records at $3.2370 and $3.7228 respectively. Note that in Euros a new record at ?79.40 per barrel was set and Diesel at...
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Forex Market Update
2008-05-13 18:42:00
Fed's Evans Says US Economy Should Improve Later This Year Posted: 12 May 2008 10:45 AM CDT Chicago Fed president Charles Evans, a non-voting member of the FOMC this year, said Monday that the Fed policy is accommodative, with the real funds rate zero or slightly negative. He said that economic growth risks are to the downside and inflation risks to the upside. He expects continued weak growth and tight credit in the near term, but said the US economy should improve somewhat in the second half of this year. He also noted that while the stimulus package may help American consumers, Is The Worst Really Over For Financials? Posted: 12 May 2008 10:43 AM CDT Just as some were saying the worst was over for Wall Street, AIG (AIG: 39.85 -0.43 -1.07%), the world's largest insurer, reported a $7.8 billion, or $3.09 per share, Q1 loss and reported it would raise $12.5 billion in the coming months. This is far worse than the 76 cents per share loss that analysts had expected ...
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Forex Market Update
2008-04-11 05:37:00
Chart of the Day - GBP/JPY Posted: 10 Apr 2008 11:28 AM CDT (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; chart patterns in yellow; 50-period simple moving average in light blue.) 4/10/2008 ? GBP/JPY ? Much like with other sterling crosses, the British Pound in the GBP/JPY daily chart, as shown, has essentially been taking a one-way path down since mid-2007. And also like other sterling crosses, this steep downtrend has been interspersed with consolidations in the form of Review of Apr 10 meeting: BoE cuts 25bp and ECB on hold Posted: 10 Apr 2008 10:24 AM CDT The Bank of England has decided to lower its official bank rate by 25 basis points to 5.00% after their monthly Policy Meeting. On the other hand, the European Central Bank Monetary Policy Committee has decided to keep interest rates on hold at 4%. The reaction of the currencies after theses decisions didn't take long. Euro's ra...
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Forex Trading for Beginners
2008-04-05 20:37:00
FOREX: What Is It And How Does It Work? By: Frederic MadoreThe Fore ign Exchange market, also referred to as the "FOREX" is the biggest and largest financial market in the world. It has a daily average turnover of US$1.9 trillion- just imagine that amount of money! Don't you want to join this trillion-dollar industry? Open Account & Get $5 Reward. Start Trading as Little as $1.http://www.marketiva.com/ FOREX is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). So basically, FOREX is trading.There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency.The other 95% is trading for profit, or what you call speculation. Investors frequently trade on information they believe to...
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Forex Market Update
2008-04-01 20:38:00
A New Technique of Money Management - ITC Presentation Posted: 01 Apr 2008 11:19 AM CDT This is the extract of Tony Juste's presentation at the International Traders Conference (ITC) , held in Barcelona in October '07. Summary · What Money Management means for a trader · The 'Effective Cost' Technique · Case Studies U.S: 4Q07 Flow of Funds Posted: 01 Apr 2008 10:54 AM CDT 4Q07 Flow of Funds ? Businesses debt growth remains solid ? Mortgage equity withdrawal has declined $400bn in two years, and reached its lowest level since 1Q02 ? Households' data confirm our scenario of sluggish PCE growth Business debt expanded solidly Corporate profits declined 0.5% for the third consecutive quarter, as firms confront ongoing cost pressures and a slowing domestic demand. Consequently, profits' share of GDP softened to 7.3%, the lowest since 4Q04. Business debt continued to For the week of March 31st, 2008 Posted: 01 Apr 2008 10:14 AM CDT The Softs Pit Review With a combin...
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Forex Market Update
2008-03-27 09:49:00
Japan: Exports resilient despite slower exports Posted: 26 Mar 2008 11:38 AM CDT Export growth in February unexpectedly picked up as weakness in exports to the US was largely offset by continued strong exports to Emerging Market s. In February, export growth in current prices accelerated to 8.7% y/y from 7.7% y/y in January (see chart below). Looking at the most recent trend, export growth has ? at least for the moment ? stabilised at around 2.5% 3m/3m growth. Exports to the US have plunged in recent months (-5.0% 3m/3m in volume terms) and is currently just as weak as U.S Market Update Posted: 26 Mar 2008 11:38 AM CDT - A negative tone was set for US equity markets after yesterday's close when the WSJ reported the CCU -16% deal was falling apart. The news that one of the bellwether LBO deals was having trouble getting financing brought talk of the credit crunch back into focus. Initially shares of ADS and BCE traded lower in sympathy. More cautious analyst comments reg...
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Forex Market Update
2008-03-19 08:09:00
U.S Market Update Posted: 18 Mar 2008 10:35 AM CDT - What a difference a day makes for US financial stocks. Earnings reports from Goldman Sachs and Lehman Brothers have provided a desperately needed shot of confidence into the markets, sending equities surging and Treasury prices lower. Mid-morning upgrades at Goldman Sachs for shares of MS and LEH only added to the buying frenzy. GS +12% LEH +32% MER +9% JPM +6% C +8% BSC +40% MS +13.5% XLF +6% Advancers led decliners on the NYSE by nearly a 9:1 margin. Gold stocks are one of the rare Look for silver and platinum to outperform gold today Posted: 18 Mar 2008 10:27 AM CDT OVERNIGHT CHANGES THROUGH 3:15 AM (CT): GOLD -3.60, SILVER -29.00, PLATINUM -13.40 London Gold Fix $1005.75 -$20.25 LME Copper stocks 124,575 tons -925 tons GOLD stks 7.498 ml oz Unch oz SILVER stks 135.7 ml oz Unch OUTSIDE MARKET DEVELOPMENTS: Clearly it seemed as if the gold and silver markets became concerned about too much slowing in the prior trading ...
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Forex Market Update
2008-03-12 19:19:00
European Session - Dollar Back in Favor- But For How Long ? Posted: 11 Mar 2008 12:18 PM CDT Market Brief The Euro is reeling. The Pound is stumbling. These currencies are not linked in any fashion but seem to be affected by the same alarms bells President Trichet of the ECB signaled yesterday. His statement underlined the trials and tribulations the Eurozone economy will have to face if the excessive volatility in the market were to continue. Without really mentioning president Trichet was underscoring the problems the strong euro was having on exports from this region. This has been Currency Currents Posted: 11 Mar 2008 11:48 AM CDT FX Trading ? Call Girls, Margin Calls and Calls for New Liquidity It's still a young week, but there's plenty to talk about. In between the media circus (perhaps that's redundant) surrounding Elliot Spitzer and his favorite prostitution group, you may have gotten word that financial markets are now wrestling with word of margin calls and hedge fun...
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Forex Market Update
2008-03-01 11:32:00
Chart of the Day - EUR/CAD Posted: 29 Feb 2008 11:20 AM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; 100-period simple moving average in light blue.) 2/29/2008 ? EUR/CAD ? Within the context of the long-term downtrend on the EUR/CAD daily chart, as shown, price action has formed a rather large rising wedge pattern (represented on the chart by the two converging green lines). Since the pattern was initiated in September 2007, each side of the wedge has European Session - The Dollar is Still a Major Player Despite its Fall Posted: 29 Feb 2008 11:12 AM CST Market Brief Beaten down, and out of favor with most analyst, the dollar still holds an important role in world economic affairs. The latest data showing a weak labor market and worsening conditions in the real estate market has proved to show that US economic growth has slowed to its lowest pace in five years. However, Bernan...
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Forex Market Update
2008-02-29 05:06:00
U.S. Forex Market Commentary Posted: 28 Feb 2008 11:53 AM CST EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5150 level and was supported around the $1.5075 level.  The pair established a new lifetime low after the release of generally weak U.S. economic data.  First, it was reported that weekly initial jobless claims rose 19,000 to 373,000 with the four-week moving average at 360,500 and continuing jobless claims up 21,000 to 2.807 million, the highest level since October U.S. Forex Market Commentary Posted: 28 Feb 2008 11:53 AM CST EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5150 level and was supported around the $1.5075 level.  The pair established a new lifetime low after the release of generally weak U.S. economic data.  First, it was reported that weekly initial jobless claims rose 19,000 to 373,000 with the four-week movin...
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Forex Market Update
2008-02-26 15:38:00
Daily Scalping Tip Posted: 25 Feb 2008 11:13 AM CST BUY  EURUSD @1.4815, SL @1.4800, TP @1.4825 Signal Time:  February 25, 2008 17:01 GMT STATUS: -ON - Daily Scalping Tip Posted: 25 Feb 2008 11:12 AM CST SELL  EURUSD @1.4808, SL @1.4823, TP @1.4798 Signal Time:  February 21, 2008 16:42 GMT STATUS: -LOSS - 25/02/'08 - Existing Home Sales On Tap Posted: 25 Feb 2008 11:02 AM CST Economic News   USD The last few weeks have been characterized by Dollar negativity and even despite small gains last week look forward for future downwards pressure on the USD. A major concern has become the severity of the problems in the US economy and how the Fed can solve such issues to bring some stability to the failing dollar. Last week's data from virtually every economic sector in the US reflected the growing instability in what once was the benchmark of global economies. The Balance of Trade up to December 2007 Posted: 25 Feb 2008 10:56 AM CST Balance of...
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Forex Market Update
2008-02-22 18:08:00
European Session - US Faces a Return of Stagflation Posted: 21 Feb 2008 11:05 AM CSTMarket Brief Data released Wednesday gave the Fed worrisome signs that a stagflation could be well on the way of settling itself. Inflation was measured at 4.3 per cent in January and this was the biggest jump in two years. This news was then coupled by a report by Fed officials who have downgraded the growth pace of the US economy to 2 per cent. This anemic pace is in part a result of the declining dollar that is adding inflationary pressure albeit boosting U.S exports. Nonetheless markets Daily FX Report Posted: 21 Feb 2008 10:50 AM CST Good morning from wonderful Hamburg and welcome to Varengold's Daily FX Report. Yesterday the FED revised the growth forecast of the US economy again down to 1,3 to 2,0 percent, also the unemployment rate was forecasted by 5,2 to 5,3 percent so it climbs also compared to the forecast of October. Markets review The USD is just a little changed against the majors,...
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Forex Market Update
2008-02-20 04:40:00
Chart of the Day - GBP/CHF Posted: 19 Feb 2008 11:42 AM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance lines in yellow; Fibonacci retracement levels in grey; 50-period simple moving average in light blue.) 2/19/2008 ? GBP/CHF ? The GBP/CHF daily chart, as shown, is continuing to display a horizontal trading range that just won't quit, much like other currently consolidating sterling crosses. This approximately 500-pip 19/2/2008 - the current market sentiment Posted: 19 Feb 2008 11:10 AM CST The British pound is still depressed by the publication of the northern rock. The publication shows how much the financial situation is serious and negative after the sub-prime mortgage problem impact and how it can prolong without such governmental actions versus these undiminished problems to support the crediting market. The Japanese yen can keep gaining fr...
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Forex Market Update
2008-02-03 10:26:00
- US Market s for Monday, Feb. 4 Posted: 01 Feb 2008 05:33 PM CST U.S. Forex Market Commentary Posted: 01 Feb 2008 03:12 PM CST EURO The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4785 level and was capped around the $1.4950 level.  Technically, today's intraday low was right around the 76.4% retracement of the move from $1.4920 to $1.4360.  The common currency lost ground despite the release of a weak U.S. January non-farm payrolls report that saw 17,000 jobs lost last month, the first decline in years.  Also, the January unemployment rate printed U.S. Forex Market Commentary Posted: 01 Feb 2008 03:12 PM CST EURO The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4785 level and was capped around the $1.4950 level.  Technically, today's intraday low was right around the 76.4% retracement of the move from $1.4920 to $1.4360.  The common currency lo...
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Forex Signals
2008-01-11 04:35:00
Trade Setup Alert (Jan 10) Posted: 10 Jan 2008 07:58 AM CST Trend Trade Setup: Look to get long the cable around 1.9550-1.9500 Trend Trade Setup: Look to get long the euro around 1.4650-1.4600 Happy Trading Juan Saton Matsys D Trade Signals Posted: 10 Jan 2008 09:11 AM CST < Daily Scalping Tip Posted: 10 Jan 2008 05:46 AM CST SELL  EURUSD @1.4653, SL @1.4668, TP @1.4643 Signal Time:  January 10, 2008 11:45 GMT STATUS: -ON - 30pips NZDUSD Mission has been achieved Posted: 10 Jan 2008 05:45 AM CST 1 minute with Forex Survivor (10 Jan Europe) 30pips NZDUSD Mission has been achieved (exit 7760) and we like to exit that trade sooner than later. AUDUSD inability to screen a closing session above daily thirty Fibo of Nov- Jan should tolerate Longs to exit as the drop may be uncontrollable. Breaking one hour bottom trendline allows a wave of 74pips. (10 Jan Asia) EURGBP is a trade of either way, be it long or short and you end up in win-win scenario. To the t...

Forex Market Update
2008-01-08 01:20:00
Intra-day forex market trend Posted: 07 Jan 2008 10:41 AM CST This session trend: other majors are expected to make big swings ....... Week 07 - 11 Jan 2008 Posted: 07 Jan 2008 10:39 AM CST   This Week 07- 11 Jan 2008. Other majors are expected to make wide range  swings and make stop hunts moves then drop big . Quick rises during this  week  are sell opportunities in other majors. Do not get trapped with bullish or bearish feel in any pair at lower/higher levels - You can do directional swing trades of sell and buy in other majors. Expected weekly support and resistance Currency US ressesion fears Posted: 07 Jan 2008 10:04 AM CST US outlook has worsened Since our last EM-briefer, the outlook for the global economy has deteriorated further, and we have, as consequence, revised our forecast further down for GDP growth in the US and Euroland. We now believe the Fed will cut interest rates by 1.0%-point during H1 08 and the ECB wi...
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Forex Market Update
2008-01-04 15:28:00
Turkey: Inflation a bit lower than expected Posted: 03 Jan 2008 10:32 AM CST The Turkish Statistics Institute has today published data for inflation in December. Consumer prices (CPI) grew by 8.4% y/y (+0.2% m/m). This was a bit lower than the consensus expectation of 8.5% y/y (+0.3% y/y) and unchanged from November. Producer prices (PPI) grew by 5.9% y/y (+0.2% y/y) ? also lower than the consensus expectation of 6.1% y/y (+0.3% m/m). December's inflation numbers are moderately positive for the Turkish FX and fixed income markets. However, the market reaction should be US growth outlook concerns Posted: 03 Jan 2008 10:27 AM CST The wording in the FOMC statement yesterday and the less good macroeconomic data readings from the US make stock markets decline. Major Headlines - Previous Session The Standard & Poor's 500 Index lost 21.20, or 1.4 percent, to 1,447.16, the most to start a year since it fell 2.8 percent on Jan. 2, 2001. The Dow average slipped 220.86...
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Forex Market Update
2007-12-28 16:12:00
Automated Trade Signals Posted: 27 Dec 2007 09:39 AM CST Current Monthly P/L %: +0.44% Observations: All trades are generated automatically, for this reason we are unable to post complete performance. Due to human limitation to monitor the market, only portion of trades is posted. Gold Investments Market Update Posted: 27 Dec 2007 09:06 AM CST Gold Gold was up $8.40 to $802.90 per ounce in New York yesterday and silver was up 22 cents to $14.03 per ounce. Gold traded sideways in Asia and Europe and the London AM Fix was at $801.50 (up from $796.25). At the London AM Fix gold was trading at £399.352 GBP (marginally up from yesterday's London AM Fix at £395.67) and ?556.83 EUR (up from yesterday's London AM Fix at ?553.53 ). Gold has increased in sterling and in euros. The recent record highs for gold at the London AM Fix on the 7th Europe Session Performance Posted: 27 Dec 2007 08:37 AM CST New Signal: EURUSD Posted: 27 Dec 2007 08:25 AM CST   ...
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Forex Market Update
2007-12-21 05:50:00
Chart Of The Day - 12/20/2007 - GBP/CHF Posted: 20 Dec 2007 12:39 PM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; Fibonacci retracements in grey; 200-period simple moving average in light blue.) 12/20/2007 ? GBP/CHF ? In the last couple of days, it's been no secret that sterling has experienced a swift and sustained drop against all of the other major currencies. This drop has manifested itself in significant violations of major support levels on the GBP/USD and U.S. Forex Market Commentary Posted: 20 Dec 2007 11:35 AM CST EURO The euro slumped vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4310 level and was capped around the $1.4390 level.  The common currency traded at its lowest level since 25 October.  Data released in the U.S. today saw GDP expand at an annualized 4.9% pace in the July ? September quarter, unchan...
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Forex Market Update
2007-12-19 21:15:00
Chart Of The Day - 12/19/2007 - NZD/USD Posted: 19 Dec 2007 11:51 AM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend line in red; Bollinger Bands in yellow; Fibonacci retracements in grey; 200-period simple moving average in light blue.) 12/19/2007 ? NZD/USD ? Few technical forex traders will have missed the current setup on the NZD/USD daily chart, as shown. A very gradual, almost horizontal, uptrend channel has formed within this last quarter of 2007. This channel is outlined Signals Tracker Report Posted: 19 Dec 2007 11:46 AM CST Signal Providers Tracking Forex Trading Posted: 19 Dec 2007 11:10 AM CST Hi Everyone, The Allocation & Money Management doc for 2008. Conquer - Zero Line Cross: - No open trades currently Drop In: - GBP/JPY entry date: 12/17/2007 at 00:00 GMT entry price (short): 228.34 stop: 230.26 exits: 1st, 2nd, 3rd currently: +191 pips Anomaly - Step 1 (o...
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Forex Market Update
2007-12-19 04:58:00
Yen Sinks on Carry Trade Dynamic Posted: 18 Dec 2007 01:07 PM CST The yen fell against the euro and the dollar today, after the ECB injected $500 billion into the banking system to maintain credit lines and soothe nervous investors. Trillions of dollars have been injected into the global banking system over the past few months, as the credit crisis continues to unravel, and losses continue to emerge. The cash was meant to boost investor confidence towards the global economy, which it did. The yen fell as confident traders took on more risk, borrowing yen and Chart Of The Day - 12/18/2007 - GBP/JPY Posted: 18 Dec 2007 11:55 AM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; 200-period simple moving average in light blue.) 12/18/2007 ? GBP/JPY ? A clear rising wedge (outlined by the trendlines labeled "1" and "2") has formed on the GBP/JPY daily chart, as shown. Wedges ar...
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Forex Market Update
2007-12-11 19:18:00
10/12/'07 - All Eyes On US Rate Statement Tomorrow. Posted: 10 Dec 2007 11:16 AM CST Economic News   USD   We begin this trading week with tremendous speculation over how the greenback will perform ahead of Tuesday's interest rate statement. Last week, the dollar bounced back against the Euro due to surprising figures from ADP and Non-Farm data. Combined with the surprise cut in UK interest rates the dollar strengthened against its major counterparts, before re-adjusting itself back to levels of above 1.46 against the Euro prior the close of trading on Friday. Most 40pips NFP Signal Mission Completed Posted: 10 Dec 2007 10:32 AM CST     1 minute with Forex Survivor   I will provide light trading tips along the course of December and hope they would be helpful     *** (10 Dec US) As per Weekly Newsletter, We are long Crude Oil @ 89.10 $/bl; TP 91.10 $/bl. Position Open.     ** (10 Dec US)   22pips GBPCHF Missio...
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Forex Market Update
2007-12-06 13:32:00
Daily Scalping Tip Posted: 05 Dec 2007 01:16 PM CST BUY  EURUSD @1.4622, SL @1.4607, TP @1.4632 Signal Time: December 5, 2007 19:16 GMT STATUS: -ON - Dollar Surges with Equities Posted: 05 Dec 2007 01:16 PM CST The dollar bounced today, following a tough day yesterday versus both the euro and the yen. The dollar has been struggling lately, on pervasive housing and credit worries, which traders are betting could derail U.S. economic growth in the near future. A number of positive economic reports helped to boost overall U.S. sentiment today. The yen has been reacting positively to uncertainty in the global equity markets. In the so-called carry trade, traders have been buying yen on equity weakness, 05/12/'07 - US Non-Farm & Non-Manufacturing Figures On Tap Posted: 05 Dec 2007 10:14 AM CST Economic News   USD Yesterday was void of any significant news from the U.S, so the greenback did not experience much movement against the EUR. However th...
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Forex Market Update
2007-12-03 11:31:00
Preview Strategies for ASIAN SESSION 03/12/2007 Posted: 02 Dec 2007 09:28 AM CST A) CALENDAR -GMT 01:00 JPN BOJ Governor Fukui to Meet With Business Leaders in Nagoya B) SUPPORT-RESISTANCE EURO/USD USD/JPY GBP/USD R3 1.4700 112.00 2.0645 R2 1.4680 111.70 2.0625 R1 1.4645 111.35 2.0600 S1 1.4625 110.85 2.0560 S2 1.4580 110.65 2.0535 S3 1.4550 110.40 2.0505 C) WATCH -Interest Rates D) TRADING TIPS CANDLESTICKS Atekubi, irikubi and sashikomi are three varieties of the same pattern suggesting that weak rebound attempts via filling common gaps will not derail a solid decline. Weekly Technical Analysis Research Posted: 02 Dec 2007 07:00 AM CST EUR/USD Technical View EurUsd traded above the 1.4800 level for the first three days of the week, but after a failed attempt at breaking lower on Wednesday the second try was successful and we witnessed a drop on Thursday and Friday, a drop that broke through the 1.4700/1.4735 support area and got very close to the 1.4600 round number ...
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