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Currency Summary 21 AUGUST 2006
Wednesday, January 25th, 2012- 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.
EUR/USD opens Asia quiet after Belgium downgrade
Wednesday, January 25th, 2012Forex: 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.
FOREX: Ringgit Close Higher Against Greenback
Tuesday, January 24th, 2012KUALA 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.
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ForeX Trading for Maximum Profit
Monday, January 23rd, 2012Read 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.
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Dec 16 2001 : Forex - EUR/USD up in Asian trade
Monday, January 23rd, 2012Forexpros - 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.
FX Trading Market Hours
Sunday, January 22nd, 2012
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.
EUR/USD News: Trading the German ZEW Economic Sentiment Index
Friday, January 20th, 2012The 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
EUR/USD down at the end of U.S. session - Dec 7, 2011
Thursday, January 19th, 2012Forexpros - The Euro was lower against the U.S. Dollar on Tuesday.
EUR/USD was trading at 1.3399, down 0.02% at time of writing.
The pair was likely to find support at 1.3334, today’s low, and resistance at 1.3550, Friday’s high.
Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.30% to hit 0.8590 and EUR/JPY falling 0.13% to hit 104.16.
Forex Asian market open - Update Dec 7, 2011
Wednesday, January 18th, 2012Once 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 at NY session lows - Update EUR/USD at NY session lows
Sunday, January 15th, 2012FXstreet.com (Córdoba) - The EUR/USD extended its retreated during the American session from levels near 1.3400 and pulled back approaching 1.3300. The Euro was able to hold above 1.3300 and currently is hovering around 1.3315/20, consolidating around the same price level it had at the beginning of the Asian session.
According to Slobodan Drvenica, analyst at Windsor Brokers Ltd support levels lie at 1.3300 and below at 1.3275 while he sees resistance at 1.3397m 1.3410, 1.3420 and 1.3443.
The US Dollar trimmed losses across the board during the European session but is still headed toward daily decline in the market, excluding versus the Yen.
EUR/USD Up during the Asian session - Update 28 Nov 2011
Friday, January 13th, 2012Forexpros - The Euro was higher against the U.S. Dollar on Sunday.
EUR/USD was trading at 1.3309, up 0.53% at time of writing.
The pair was likely to find support at 1.3213, Friday’s low, and resistance at 1.3568, Tuesday’s high.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8590 and EUR/JPY rising 0.27% to hit 103.18.
What is Forex Mutant
Friday, January 6th, 2012
Forex-Mutant was made by Lee, an avid Fx trader. Lee Campbell has prepared an variety of Fx selling systems over long times. Through the years, Lee realized|realised|saw|recognized|understood|cleared how important a role emotion played in getting successful in that trading market – as fear and greed are the superior reasons why someones lose every matter.
His goal was to prepare a Forex System that would be full automated signals to reject the emotional factor in trading. Lee Campbell says that Forex Mutant software is the most high-tech trading software he has ever created as it improves on each of his early products. You only instal it and go it on. Every subject is automatic signals generated for you practicing professional and essential guidelines.
Forex Mutant software Characteristics:
1- It is not fx trading automated system, but forex trading software program used to get fx trading signals.
2- Very simple to employ (copy/paste signals).
3- Forex Mutant software is based on a very strong/complicated trading system and gives simple buy and sell orders for users to follow.
4- Forex Mutant trading software trade Each Major Currency Pairs.
5- Forex Mutant software trade on Each time frames.
6- The Forex Mutant software signals are not based on hedging method.
7- Fx Mutant goes with any account size.
8- Fx Mutant have a stop loss, with fixed amount that may be changed|modified|altered|adjusted|edited} manually by users. you may apply the defaults stop loss or apply different stop-loss level (example: based on resistance and support).
9- Forex Mutant trading software may be applied with any other fx trading software system.
10- You don’t need to get any trading experience to use Forex Mutant software, all you need is to know the way to place fx trading orders.
There are some characteristics that any Forex System should handle. In this Forex Mutant review I will explain in details the superior Forex Mutant software’s abilities:
1. What I Got By buying of Forex Mutant trading software?
By becoming a member of Forex-Mutant web site, I have won access to superior topnotch training materials (PDF guides and bit by bit instructional videos) along with the installation program for the Forex Mutant trading software. Before you take decision to buy whatever investment, I’m for sure that you may need to look for the potential income and profits you may yield with this trading software and equate it vs the investing capital you need to do.
2. Is the Forex Mutant trading software-support topnotch?
If you experience some questions, no matter how deep or smaller, there should follow some form of client service easy to you. With your buy of Fx Mutant Software, you have a Fx education manual that should resolve almost all of your doubts. If you still get doubts, Forex-Mutant offers e-mail support with a insured, personalised response within two business days.
3. Is Fx Mutant Worthy Investing In?
although I would say that Fx Mutant does costed quite a amount of money to invest it, I am in truth glad that I built this investing as it is paying off numerous times for me today. However, I must warn each clients that they should 1st realize the way the Forex-Mutant functions and how to operate it before live funds is ran a risk. The client will still take an influence on its profits as the trader holds the ability to give varieties to the Forex Mutant trading software’s settings accordingly.
4. If you are non happy, may you have a repay?
This Forex Mutant software offers a 56 day, 100% cash-back warranty. Even if you entirely apply demo account and ne’er give a real account, it states that you are even titled to a repay.
Final Decision of This Forex Mutant Review:
I made my optimum in that Forex Mutant review and what I can state is that Along the truth, Forex Mutant trading software seems not only to go fairly priced, but a respected software as well.
Via knowforfree
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Nine Minutes Forex Education Video
Tuesday, January 3rd, 2012With this 9 minutes video tutorial, you’ll learn how to be a profitable trader including lesson to understand with forex trading system signal. This Video provided by Felix Homogratus from Forex Bastards
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Forex GURU Jailed for Fraud and Money Laundry
Monday, January 2nd, 2012It would be for our lesson, when someone who experties on Forex trading indicating for fraud and money laundry activity.
He called as JOEL NATHAN WARD, 48 years old from Turlock California.
The federal jury accused for five counts of wire fraud, two counts of mail fraud, and two counts of engaging in a monetary transactions in property derived from specified unlawful activity, a form of money laundering.
Here is for detail story on 
PDF File
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Is Marketiva Market Maker or Broker ?
Saturday, December 31st, 2011Many trader specially new trader still don’t understand with the definition of Broker and Market Maker. Actually Marketiva is Market Maker not Forex Broker, based on About Marketiva Company it said:
Marketiva is a financial services corporation specialized in providing traders with high quality online trading services. With a team of dedicated financial specialists and technical support personnel, Marketiva operates globally as a market maker and principal counterparty to retail traders. Marketiva has established itself as an industry leader by relying on its groundbreaking internet trading platform and its superior customer service
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