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Forex News by 2 Oct 2011: Pound reversal from 1.6165
Saturday, February 4th, 2012By FXNews.com: Pound reversal from 1.6165 high on Monday at 1.5890 is contained, and the pair bounced on Asian session, to consolidate around the 1.6000 psychological level in early U.S. session, ahead of the FOMC statement.
Moving upside remains limited below 1.4035/50 (highest day). Up here, the couple may find resistance at 1.6090 (November 1, high) and 1.6145/65 (200 day MA / October 31 high). On the downside, support levels lie at 1.5965/70 (intra-day level), and below here, 1.5890 (24 / 26 October low), 1.5750 (October 21 low).
In a wider perspective, however, the couple remains vulnerable to further decline as between 1.5890 and 1.6167, says Bijoy Kar, forex technical analyst at MIG Bank: “GBP / USD has received initial support at 1.5890 after attack the weakness seen from the 200-day moving average. While contained within the lower range of 1.5890 to 1.6167 swing remained viable, towards our target zone near 1.5840, whichever is lower the higher is preferred to form. “
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Friday, February 3rd, 2012Now, you can download free tools to get latest information about forex and realtime forex trading news. By Install the Forex Toobar on your browser, you can quickly displays a foreign-exchange-related news ticker straight.
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Wednesday, February 1st, 2012Forex trading: Forex trading bookmarks and news
Forex trading bookmarks and news, updated daily
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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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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 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.
FXStreet - EUR/USD falls to 1.3325, new 6?week low
Sunday, January 8th, 2012EUR/USD falls to 1.3325, new 6?week low
The EUR/USD resumed the decline after being unable to hold above 1.3400 and fell to 1.3325, level not seen since October 6. The Euro remains under pressure holding below 1.3400.
More wide chart
Wednesday, December 21st, 2011
When our desktop resolution are smaller than we want, so to make marketiva streamer look more wide, its simple. Just hold and drag of the top every panel (latest news, or forex rates , move it to the right. Walla.. now you get chart more wide that we want.
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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.
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How Learn Intraday Trading Forex Market
Monday, December 13th, 2010
A forex trading strategy must usually comprise of two main components – technical analysis and fundamental analysis. The technical s?de is looking at t?e charts and using mathematics to reflect the movement of th? market and t?e fundamental side requires knowing about important market-influencing economic news and announcements.
So let’s talk about fundamental analysis in your forex trading strategy. Every day, figures are released which are designed to reflect certain economic circumstances of a country. Some of these announcements for example “Non-Farm Payrolls” will almost certainly have an unpredictable affect o? the market depending on previous d?ta and implications of the figures released. A hard, fast rule for beginners trading (and veterans) is to stay out of the market during important announcements. You can fi?d out where to get these by taking one of ou? courses. Via Read the rest of this entry »
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Dow Jones PDF Resource
Tuesday, February 12th, 2008
We know Marketiva recently has open new trade on Indexes, one of the popular is Dow Jones. And here few PDF resource could be help you understanding with the system
Dow Jones Client Solutions Microsoft case study
Dow Jones & Company (NYSE: DJ; dowjones.com) is a leading provider of
global business news and information services. Its Consumer Media Group
publishes The Wall Street Journal, Barron’s, MarketWatch and the Far
Eastern Economic Review. Its Enterprise Media Group includes Dow Jones
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Forex News
Tuesday, January 23rd, 2007Daily Forex News
Forex Trading News - Currency Trading News - FX News - Forex News.
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USD hits 14 years low vs GBP
Friday, December 1st, 2006Based on Reuters (Dec 1 2006) - The dollar hit a 14-year low against sterling and a 20-month trough versus the euro on Friday after weak U.S. data reinforced expectations the Federal Reserve might cut interest rates next year.
Chart graph for GBP/USD since 1992 to 2006
On GBP/USD chart could be try rollback the history in 1992, break postion over 2.000. The dollar fell as low as $1.9748 per pound (GBP), hitting its lowest for a second day since Sept. 1992 — just before the UK abandoned the European Exchange Rate Mechanism, the precursor to the euro. Investors are looking for sterling to rally to the elusive $2 level, last reached also in Sept. 1992.
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