All Blog Posts (20,223)

bErNanKe's cOnGrEsS aPPEaRaNcE iS cRuCiaL ! jULy 15-19

GMT In the absence of any major economic data last week, FED’s FOMC meeting minutes followed by Chairman Ben Bernanke’s speech on monetary policy dominated the market. There is lot of confusion and debate going on about Fed’s next Policy move after Ben in his last month’s press conference gave a clear signal that Fed is planning to reduce its asset purchase amount, which could be done by middle of next year, but it would continue with its accommodative policy stance for longer…
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Added by asad rizvi on July 14, 2013 at 11:12pm — No Comments

GBP/USD Outlook July 15-19

The pound finally broke out with a strong week, asGBP/USD climbed 140 points. The pair closed just above the 1.5000 line. This week’s key events include CPI, Claimant Count Change, and Retail Sales. Here is an outlook of the events and an updated technical analysis for GBP/USD.

The pound had a strong week, posting gains against the dollar. However, this rise…

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Added by Yohay Elam on July 14, 2013 at 6:51pm — No Comments

eu gu and gold this week

eu looks like have no direction,i expect so moves up till reach 1.3205 and moves down to 1.2950/60.gu-many investors expect 1.5280 level and good to sell between 1.5265 and 1.5285 with 1.5312 stop loss. if won't get there then many pips down with target 1.4720 at least this week.gold daily is downtrend so selling gold is more profitable then buy it but if break 1310 then good to sell between 1330 and 1340 with stop loss 1350 ,target might be 1180 and 1150.good luck

Added by gregorian on July 14, 2013 at 5:13pm — No Comments

New e-currency now available

Two firms, Kipochi and LocalBitcoins, have over the last two weeks announced that M-Pesa users can now purchase and trade in Bitcoins from their phones.                        

Although the Bitcoin has been around since 2009, it has remained difficult for Kenyans to access due to technological challenges. Both Kipochi and LocalBitcoins hope to tap into the already vibrant mobile money market to grow the use of Bitcoin locally.

Click on the bills for…

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Added by Ron Schelling on July 14, 2013 at 4:46pm — No Comments

EURUSD: Halts Declines, Triggers Recovery.

EURUSD: Recovery saw EUR taking back its previous week losses to close higher the past week. This development has left EUR targeting further upside towards the 1.3207 level with a break turning attention to the 1.3297 level. A cut through there will aim at the 1.3450 level. Its weekly RSI is turning higher supporting this view. Conversely, a reversal of its past week gains will turn downside risk towards risk the 1.2755 level with a turn below here shifting attention to the 1.2700 level and…

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Added by fxtech on July 14, 2013 at 4:41pm — 1 Comment

USD/JPY Outlook July 15-19

The Japanese yen enjoyed a good week, asUSD/JPY broke below the 100 level and surrendered over 200 points. Will the yen continue to rally? The upcoming week is very quiet, with only two events on the schedule. The markets will be closed on Monday for a holiday. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

The yen took advantage of a broadly…

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Added by Yohay Elam on July 14, 2013 at 1:03pm — No Comments

EURUSD analysis H1

Hi and i hope for a nice profitable week.... my analysis for EURUSD this week is an up up trend with first stop @ 131.29 and second stop @ 131.59 also please note the buy volume @ 10 june that will support this move!!!!

Added by Kostas Gougakis on July 14, 2013 at 12:00pm — No Comments

USD Index Spot (Not USDX Future)

The average of 6 major currency pairs against the USD.

Click on the chart for more.

Added by Ron Schelling on July 14, 2013 at 9:16am — No Comments

EUR/USD Forecast July 15-19

EUR/USD had a roller coaster week, trading in a range of around 450 pips. Will the action continue? What is the next direction of the pair? German ZEW Economic Sentiment and inflation data are the major events this week. Here is an outlook on the main market-movers ahead and an updated technical analysis for EUR/USD.

Last week, the euro continued to drop against the dollar, and …

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Added by Yohay Elam on July 14, 2013 at 3:39am — No Comments

The realities of trading forex to the average man on the street

this website was purely created to be honest about  trading on the Forex markets, by myself being a average man on the street. And like all of you visiting this site are probably looking for answers on being the next Forex multi-millionaire.

Well let me be the one to tell you that “A” you wont become a millionaire overnight (unless u have a million laying around to invest), and “B” it is actually hard work plenty of self discipline and time consuming, if you want to make a success of…

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Added by Average Joe on July 13, 2013 at 9:28pm — 7 Comments

AUD/USD and China

This week was a disappointment for many hoping for a long bull for the AUD/USD. While it was expected as I mentioned in my previous AUD/USD forecast due to the strong support, one must not presume it would last.

China being Australia's largest trading partner struck again as it announces that a growth of 6.5% is fine. Traders saw this as a subtle hint of lowering growth forecast. The AUD/USD dipped back to previous week levels on this.

Added by The Forex Koala on July 13, 2013 at 2:30pm — 1 Comment

TD Securities - Mixed signals in EUR/USD clouds the outlook despite bullish weekly close

TD Securities - "EUR/USD is still struggling to define a strong sense of direction it seems. Heavy selling last week extended through mid- week, taking the EUR back to 1.2750. That was followed by the biggest two-day rally in EUR/USD in three years. But only back to the 1.32 area. Is this a strong rebound that sets the market on course for renewed strength or are we stuck in a sideways range trade still? At this point, the technical signals (especially the longer-term ones, see below) suggest… Continue

Added by Francesc Riverola on July 13, 2013 at 1:29pm — No Comments

UBS - This week's key points: Dollar drop exaggerated, Bernanke to still signal tapering

UBS - "This month's sharp correction in the greenback - following Chairman Bernanke's comments on the need for monetary easing to continue for now - is a setback for dollar bulls. But the moves in the currency markets were exaggerated by poor liquidity - the head of the Federal Reserve was speaking in the gap between New York trading ending and Asian trading beginning - and the latest US data suggests the Federal Open Market Committee remains on track to start tapering its asset purchases from… Continue

Added by Francesc Riverola on July 13, 2013 at 1:22pm — No Comments

USDCHF: Reverses Gains, Vulnerable.

USDCHF – With corrective weakness seeing USDCHF declining and taking back its previous week gains the past week, further downside is envisaged. On further decline, the 0.9400 level comes in as its minimum target with a cut through here extending its correction towards the 0.9303 level and possibly lower towards the 0.9200 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, the pair will have to return above the 0.9750 level to resume its strength. This if…

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Added by fxtech on July 13, 2013 at 12:43pm — No Comments

Market Reversal Levels ,Week of 15 Jul 2013

1- These levels are strong support and resistance levels on short term , the market usually respects those levels strongly.

2- I highly recommend using divergences techniques, to find possible turning point during the week !

3- The recommended time frame , the 1 hour and below.

4- You can also use chart pattern, candlesticks, trend lines and price action to find possible turning point!

5- These levels would help you set realistic targets…

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Added by Haitham653 on July 13, 2013 at 4:41am — 2 Comments

Forex Terminology Explained

Explanations of popular forex terminology are given as follows.

Equity – the secure part of the client account, considering the open positions, bound with the balance and floating rate (profit/loss) by the following formula: Balance + Floating rate + Swap, i.e. the funds on the client account less the current amount for the open positions, plus the current earnings for the open positions.

Free margin – the funds, which are not used for the…

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Added by Larry P. on July 12, 2013 at 12:47pm — No Comments

$NZDUSD- southbound?

Currently we are at 0.7785 on significant support.  A break of support targets the double bottom @ 0.7700. We are looking for the next target then to be the  S5 support @ 0.7593.  The average daily true range (ATR) for the pair currently is 118 pips.…

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Added by Scott Barkley on July 12, 2013 at 12:42pm — No Comments

EUR/USD Review July 11





Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair was facing a crucial support region that had in previous instances held up against bearish pressure. From a fundamental point of view, the continued speculation on US Federal Reserve quantitative easing tapering brought about the US dollar strength.…







20130711-203752.jpg Continue

Added by The Forex Koala on July 12, 2013 at 10:24am — No Comments

EUR/USD July 12 – Modest Losses as Markets Await Key US Data

EUR/USD has reversed direction following the euro’s huge gains on Wednesday. The euro jumped following the release of the FOMC’s most recent policy meeting, which showed that Federal policymakers were divided over tapering QE. The dollar continues to post modest gains in Friday trading, as the pair trades around 1.3040 in the European session. In economic news, US Unemployment Claims disappointed, coming in well above expectations. On Friday, Eurozone Industrial…

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Added by Yohay Elam on July 12, 2013 at 9:18am — No Comments

Elliott Wave Overview: USDJPY Has Turned Bearish After The US Bonds Found A Support

Traders may want to keep a very close eye on USDJPY after five wave fall from above 101.00 which means that trend for this market is now down. If thats the case than rally from 98.20 is temporary. From an Elliott Wave perspective we are observing an (a)-(b)-(c) recovery with a triangle in the middle of a three wave rally. Triangles are very important when trying to predict the outcome, because we know that move after a triangle is usually final within the sequence. In our case it means that…

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Added by Gregor Horvat on July 12, 2013 at 8:30am — No Comments

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