Archive for the 'Market News' Category

The Pillars Have Broken For The Euro Bull Case

Saturday, April 21st, 2012

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 [...]

Forex Asian market open - Update Dec 7, 2011

Friday, April 20th, 2012

Once again we open in Asia with EUR/USD at 1.3400. Looks like we will have another very quiet session with only Australian data to liven things up. Good luck today.

EUR/USD the downside prevails - Update Dec 5, 2011

Thursday, April 19th, 2012

EUR/USD intraday: the downside prevails.
Pivot: 1.3445
Our preference: Short positions below 1.3445 with targets @ 1.3305 & 1.3275 in extension.
Alternative scenario: Above 1.3445 look for further upside with 1.3485 & 1.352 as targets.
Comment: the pair is trading in an intraday bearish channel.

Trends Terms:about marketiva April 2012

Forex: EUR/USD looking support above 1.3300

Thursday, April 12th, 2012

FXstreet.com – The EUR/USD reached a fresh 7-week low at 1.3315 after the meeting of French, German and Italian leaders. Currently the pair is slowly moving off the lows and trades above 1.3340, at the same price it had at the beginning of the day.
“The pair finished the session lower after Germany’s Merkel says [...]

EUR/USD Bullish bias above 1.3395. Update Dec 1, 2011

Monday, March 26th, 2012

EUR/USD intraday: bullish bias above 1.3395.
Pivot: 1.3395
Our preference: Long positions above 1.3395 with targets @ 1.353 & 1.357 in extension.
Alternative scenario: Below 1.3395 look for further downside with 1.337 & 1.334 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Trends Terms:1 3395

Update Dec 15, 2011 - Chart EUR/USD Update: Support at 1.2965-70

Sunday, March 18th, 2012

14 Dec EUR/USD Daily
17:20GMT- Since our last update, the mkt. just failed to reach our next target at 1.2935 before bouncing back to the 1.30 area res. A subsequent clearance of 1.3010/15 would be s/term
positive and we could then see the recovery extend to today’s high before prices roll over again. Meanwhile, a break of [...]

EUR/USD Intraday - Update 24 Nov 20011

Saturday, March 17th, 2012

Pivot: 1.3430.
Our Preference: SHORT positions below 1.343 with targets @ 1.331 & 1.3275.
Alternative scenario: The upside penetration of 1.343 will call for a rebound towards 1.348 & 1.354.
Comment: the pair remains on the downside and the RSI is mixed to bearish.
Trend: ST Consolidation; MT Bearish

Trends Terms:Www scwallet com

EUR/USD Down - Update Nov 23 2011, 14:14 GMT

Friday, March 16th, 2012

The EUR/USD continues falling after a 2-day consolidation to start the week. It is now the 78.6% retracement level of 1.3380, reinforced by pivots back late September and early October. Below that we have 1.3145 October low as the next short-term target.
Looking at the daily and weekly chart, we see that we are both trading [...]

EUR/USD Intraday: Part 2 - Update 25 Nov 2011

Thursday, March 1st, 2012

EUR/USD intraday: the downside prevails.
Pivot: 1.332
Our preference: Short positions below 1.332 with targets @ 1.322 & 1.32 in extension.
Alternative scenario: Above 1.332 look for further upside with 1.335 & 1.341 as targets.
Comment: the pair has broken below its support and remains on the downside, the RSI is badly directed.

Trends Terms:short positions below 1 331 with [...]

The Future of Marketiva in 2009

Sunday, February 26th, 2012

Well, Marketiva has been established at least 3-4 years ago, many have changed with this virtual online forex trading. Specially the Streamer, it has been changed and updated to the new version many times, since it use by marketiva trader. Take a look the Streamer UI (user interface), much better and easy to use. The [...]

China setting up new forex agency

Saturday, February 25th, 2012

China will establish an agency modeled on Singapore’s Temasek Holdings Pte to manage part of its US$1 trillion-plus in foreign-currency reserves.
“The government has decided to separate the ownership of the reserves and the management of the reserves into two agencies,” Finance Minister Jin Renqing said yesterday.
Trends Terms:Seting parabola maret 2012

EUROPEAN BANK STOCKS COMING OFF THE BOIL

Sunday, February 12th, 2012

They’re about 1% of earlier highs, now up 4% or so on the day. EUR/USD topped at 1.3534 and has eased to 1.3475 at the moment. by FXStreet

[Posted with iBlogger from my iPhone]

Trends Terms:compare european bank stocks

No withdrawal fee on Marketiva.

Thursday, February 2nd, 2012

Great news from Marketiva: For E-Gold and E-Bullion withdrawal methods, Marketiva customers will pay the $7 fee only when they withdraw for the first time. All subsequent withdrawals are free of charge from now.
So for new trader that never withdrawal, you only pay $7 for lifetime on marketiva
Trends Terms:marketiva name changedmarketiva changed name

Marketiva Open Trade on Indexes and Commodities

Wednesday, January 4th, 2012

Starting on early November 2007, Marketiva has new 2 features, Indexes and Commodities.
On Indexes, you can trade stock trading like a pro not just trade on Foreign Currency. NASDAQ (National Association of Securities Dealers Automated Quotations) is one of Indexes part, also Dow Jones, S&P 500, DAX, and FTSE 100. See below figure of Indexes [...]

Dollar buoyed by better-than-expected US trade news

Friday, December 16th, 2011

The dollar pushed higher after better-than-expected US trade data for June.
The Commerce Department said the US trade deficit narrowed a touch to 64.8 bln usd in June, compared with a revised 65.0 bln in May. Wall Street analysts had predicted a June deficit of 64.5 bln, up from the original 63.8 bln estimate for May.
Trends [...]