Anyway, this AUDUSD short set up seems quite nice. We have a nice bearish divergence with my bbsqueeze and the pair nearing the upper part of a nicely formed channel. Because of where the price is now at the upper…Continue
Global Forex Trading Volume Drops 4% in April From Year Ago
By Stephen L. Bernard at Dow Jones
Global foreign-exchange trading volume dropped 4% in April, the first year-over-year decline since the global credit crisis slowed markets in 2008 and 2009.
Foreign-exchange trading volume fell in four of the five regions that report global trading volume: the U.K.,…
Added by Francesc Riverola on July 31, 2012 at 2:03pm — No Comments
The pair is currently @ 1.5674 and testing a corrective move. We should see a break to the R4 area @ 1.5624. We could see a bounce at that level back to the top or a corrective continuation to the R3/Trend line @ 1.5535. Wait until Cable proves its intentions.…Continue
Added by Scott Barkley on July 31, 2012 at 1:44pm — No Comments
USDJPY: With its attempted recovery failing following a sharp decline on Monday, the pair could be preparing to return to the 77.92 level, its July 23’2012 low. A breach of here will open the door for more weakness towards the 77.66 level where a violation will pave the way for a move further lower towards the 77.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Alternatively, the pair will have to break and hold above the 78.66 level followed by the 79.78…Continue
Added by fxtech on July 31, 2012 at 11:20am — No Comments
The Libor is a benchmark interest rate that affects how
consumers and companies borrow money across the world. The rate is set by
the British Bankers’ Association (B.B.A.), an industry group in London.
Click on the flag for more:…Continue
Added by Ron Schelling on July 31, 2012 at 10:53am — No Comments
Most Watched Recordings July 24th - 30th 2012:
#2 Ron William -…Continue
Added by Francesc Riverola on July 31, 2012 at 9:53am — No Comments
Special ITC 2012 - Forex Traders share their trading tips # III
In late June of this year, around 50 traders met in Barcelona for three days to exchange strategies, trading advice and new ideas. We thought that this International Traders Conference was a good occasion to release a new edition of our "There are No secrets" special series of…
Added by Francesc Riverola on July 31, 2012 at 9:41am — No Comments
CFTC Charges California Resident Victor Yu and His Company, VFRS, LLC, with Multi-Million Dollar Forex Fraud and Failure to Register as a Commodity Trading Advisor
Federal court issues order freezing defendants’ assets and protecting books and records
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 27, 2012, The…
Added by Francesc Riverola on July 31, 2012 at 9:22am — No Comments
Official figures last week showed Britain remained in recession in Q2, after the economy shrank by a shocking 0.7 percent. Nonetheless, the Monetary Policy Committee is likely to wait until November before pumping more stimuli into the ailing economy. By then, the latest £50 Billion round of quantitative easing will have been completed, and the committee will have had chance to consider the initial impact of the Government’s £80 Billion funding for lending scheme, which comes into effect…Continue
Added by Aviv Shapiro on July 31, 2012 at 8:30am — No Comments
After forming a new yearly low last week, the pair produced its strongest 3 day climb (from top to bottom) for the entire 2012 year which is impressive considering the economic situation is far worse than it was in 2011. I suspect this was more of a short squeeze than anything, and am really just waiting for the shoe to drop (any) which means either Spain asking for another bailout and admitting they are broke, Greece leaving the EZ, or Germany not…
Added by 2ndSkiesForex on July 31, 2012 at 2:55am — No Comments
Last week's most notable euro moves followed comments by the likes of European Central Bank president Mario Draghi and German Chancellor Angela "Mutti" Merkel. I discussed the annotated chart below during my live coaching session today in FX Bootcamp's New York Training Room.…Continue
Added by Curt Wehrley on July 30, 2012 at 8:19pm — No Comments
He's the richest man in Brazil and talks frequently about becoming the richest man in the world.
His autobiography is sub-titled "The Path of Brazil's Greatest Entrepreneur."
But now, he may have set a new record - for the largest amount of wealth lost in 48 hours.
Added by Ron Schelling on July 30, 2012 at 4:46pm — No Comments
NFA’s lack of intelligence strikes again: Alpari fined $200,000 for cancelling illicit traders
by Michael Greenberg at Forex Magnates
Reading the details of this case you just can’t help but wonder what is NFA all about? NFA is simply doing what it wants, interprets the rules only in the way that suits it and…
Added by Francesc Riverola on July 30, 2012 at 4:20pm — No Comments
As every Olympic athlete knows, size matters. The London 2012 medals
are the largest ever in terms of both weight and diameter - almost double the
medals from Beijing. However, just as equally well-known is that quality
Added by Ron Schelling on July 30, 2012 at 2:00pm — No Comments
The pair is currently @ 1.2236 and testing the 0.382 Fibo. We should see a break to the S4/0.618 Fibo area @ 1.2160-2175 – could see a bounce at that level before continuing g to the S6 @ 1.2084.
Added by Scott Barkley on July 30, 2012 at 1:06pm — No Comments
I have presented today (30 July) " Asian session: Live market analysis" webinar - the recording of the same is available in the given below link:…Continue
Added by Dr. Sivaraman on July 30, 2012 at 12:44pm — No Comments
EUR/USD started the week by sliding. The close under critical resistance proved to be a bearish signal. Doubts began creeping about what Draghi could actually deliver in the rate decision. The president of the ECB and European leaders pledged to do everything to save the euro, but Germany objects the most critical measures such as direct and immediate bond buying. Markets remain cautious at the…Continue
Added by Yohay Elam on July 30, 2012 at 10:14am — No Comments