My Marketiva Forex Blog  

On saturday night, i was surprised, with new Marketiva streamer. When you still use
old version, it will automaticly update just for few seconds.

But nothing much change with this version, just the streamer panel look more dark glossy

This article written by Brett N. Steenbarger    

Much of the advice given to traders concerns either what to buy or sell or when to buy or sell. This makes sense, as it is doubtful that brokerage houses and advisory services could make much of a living by telling traders not to trade. My experience with professional traders, however, suggests to me that they frequently wrestle with the question of when to stop trading. This question typically emerges in two contexts:

1. The volatility in the market is low - Does it make sense to be in the market? Is there sufficient opportunity?

2. I’m not trading well - Does it make sense for me to continue trading? Do I need to take a break?

In the first installment of this three article series, I will tackle the issue of low volatility; the second in the series will cover challenges related to trader psychology, and the third will suggest ways for traders to benefit from their times away from trading. Read the rest of this entry »

Don’t think trading is easy way to generate alot of money, look closer to my last position. Still waiting for first week of September 2006, hopefully its back to green day like yesterday (not a rock band …. dude) for EUR/USD, GBP/USD and EUR/GBP

• U.S. Dollar Trading (USD) was mixed against the majors in the overnight forex trading session as US consumer sentiment disappointed. The sentiment index fell from 84.7 to 78.7 in August below expectations of a modest fall to 83.6. In other markets, the Dow Jones index rose by 46pts while the NASDAQ gained 6pts capping the best week in 3 years for the NASDAQ. Crude oil rose as focus was again on Iran and their nuclear ambitions, with the UN deadline nearing before sanctions are imposed. Crude oil finished up USD$1.03 to USD$71.09 a barrel. Looking ahead, Redbook store sales and the Richmond Fed Survey are due out tomorrow.
• The Euro (EUR) traded within a low of 1.2780 and a high of 1.2845, before closing at 1.2820 in the New York session.
• The Japanese Yen (JPY) traded within a low of 115.45 and a high of 116.00 versus the dollar, before closing at 115.80 in the New York session.
• The Sterling (GBP) traded within a low of 1.8780 and a high of 1.8860, before closing at 1.8820 in the New York session.

Forex: EUR/USD opens Asia quiet after Belgium downgrade

FXstreet.com (California) - The European single currency ended the week to past Friday with losses across the board; EUR/USD managed to close New York at 1.3035, posting the lowest weekly close since January.

At the weekly open, EUR/USD is hovering around 1.3040 in early Asia after news late Friday that Moody’s downgraded Belgium two notches., but the pair only trades with a slight bid tone after Reuters reported that the German Finance Minister Schaeuble said Germany was considering paying their full contribution in 2012. The deadline for EU countries to come to an agreement about how much they can lend to the IMS was set for today.

Last quoted in the 1.3035 area, there is immediate resistance at 1.3050 and, above there, 1.3083 (Friday’s high) and 1.3140 (4 Oct low). To the downside, support lies at 1.3015, 1.2990 and 1.2958.

LONDON (AFX - London 1612 GMT London 1324 GMT) - The dollar weakened to levels not seen in nearly a week, dented by news of benign inflationary pressures in the US which weighed on the chances of a rate hike over the coming months.

The euro nudged up over half a cent after the afternoon’s data, to levels in the mid-1.28 usd area.

The much awaited US CPI data came in below expectations, with the core rate dropping to 0.2 pct in July from 0.3 pct in June. The headline CPI rate, meanwhile, rose by 0.4 pct in line with expectations.
Read the rest of this entry »

KUALA LUMPUR, Aug 10 (Bernama) — The ringgit ended higher against the U.S. dollar Thursday supported by active buying on the local unit, dealers said.

At 5 pm, the local currency was traded at 3.6590/6620 against the U.S. dollar compared with 3.6610/6660 Wednesday. Read the rest of this entry »

Who said ” you can’t teach an old dog a new trick? ” I have read many many books over the years on markets of various types. Though I have not traded the 24 hours Forex market, I have traded the currency markets as well as the futures, stocks and options. I have been student of all kinds of systems, Fibonacci and Elliot Wave, Gann - have used dozens of indicators, yet I am always looking for something more to learn. I figure that if I can learn just a bit more I may become a better trader. Read the rest of this entry »

Forexpros - The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3039, up 0.18% at time of writing.

The pair was likely to find support at 1.2947, Wednesday’s low, and resistance at 1.3377, Monday’s high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8395 and EUR/JPY rising 0.17% to hit 101.51.

In August 8, this for the first time i have launched this blog, on above thats figure my chart trade in USD/JPY and this day lost more than -50pips.

next day still play whit this currency.

The spot FX market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day.

I have been bullish the EUR/USD and negative the DXY (USD/Index) since June 21st, 2010. The primary reason behind this view was the causality of USD/CNY on the USD/Index. When China is in a ‘flexible’ mode, USD/CNY drops and the USD/Index drops with it. This is because Chinese ‘flexibility’ results in the Chinese buying less USD in the market and upping their purchases of the SDR currencies comprising EUR, GBP and JPY along with commodities.

Our bias to be long the USD/Index led us to see the EUR/USD rally from1.2200 to a high of 1.4940 on May 4th, 2011. We have spent the rest of 2011 with either a long EUR/USD bias, or a neutral bias. Most recently we called for a long bias at 1.3560 in the EUR/USD on positioning and saw it rally to 1.4250. Our bias remained long at the 1.3300 area over the past 70 days as we understood there was Asian Central Bank support below, and fully expected the IMF to announce a separate ‘Trust’ for European National and other Central Banks to contribute monies into. The IMF would use this ‘Trust’ as the lender of last resort…. http://t.co/kodpCgUx

We’ve retraced 61.8% of the 18-month long range from the 1.1875 lows in June 2010 to May of 2011. Expect another leg lower if we can take the 1.3046 level out, with a test of 1.3000 unfolding. The market seems quite comfortable with shorts, unable to overcome even 1.3100 on mild retracements intraday this afternoon.

The pair finished the session lower after Merkel rejected raising upper limits of funding for ESM bailout mechanism according to sources in the ruling coalition, while Moody’s has put the ratings of eight Spanish banks and two holding companies on review for possible downgrade. Of note, the latest German ZEW Survey Current Situation component missed expectation, while the Economic Sentiment component posted a modest gain. In terms of technical levels, supports are seen at 1.3145, 1.3088 and then at 1.3046 which is the 61.8% Fibonacci retracement of the 1.1876-1.4940 move. On the other hand, resistance levels are seen at 1.3356 and then at the 21DMA line at 1.3389.

The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts regarding their views on the outlook for the German economy. A reading that is higher than the market forecast is bullish for the Euro.

Here are all the details, and 5 possible outcomes for EUR/USD.

Published on Tuesday at 10:00 GMT.

Indicator Background

The German ZEW Economic Sentiment surveys financial experts for their assessment of the direction of economy in the next six months, based on economic data including inflation, exchange rates and the stock market. This makes the index an important indicator of the medium-term future of the German economy.

The indicator has been on a steady downward trend since February 2011, marking sixteen consecutive months of lower readings. Last month, the indicator hit an alarming -55.2, and there seems to be no end in sight to this gloomy picture. The markets are predicting a further drop for December, albeit very slight, to -55.7.

Sentiments and levels

Europeans leaders seem unable or unwilling to implement badly need measures to resolve the eurozone debt crisis, which, of course, will not simply disappear on its own. The Euro will continue to be affected by the crisis, and recent interest cuts by the ECB makes the Euro less attractive against other currencies.

Technical levels, from top to bottom: 1.3650, 1.3550, 1.3480, 1.3420, 1.3380, 1.3280, 1.3212, 1.3145, and 1.3080.

5 Scenarios

1. Within expectations: -61 to -49: In such a case, the Euro is likely to rise within range, with a small chance of breaking higher.
2. Above expectations: -48.9.9 to -44: An unexpected higher reading can send EUR/USD well above one resistance line.
3. Well above expectations: Above -44: This would indicate more confidence in the German economy. A second resistance line might be broken on such an outcome.
4. Below expectations: -66 to -61.1: A sharper decrease than forecast could push EUR/USD below one support level.
5. Well below expectations: Below -66: This scnenario is unlikely, due to relatively stable economic German indicators. In this scenario, the Euro will drop, and could break two or more support levels.

Source: forexcrunch.com