Well, it was some rally in last two weeks. Bulls were riding all over bears. Bears were getting hurt all the way. It reached 3100 and still no signs of any downfall. So, why is it falling this week? Well there is no exact answer some may say its Fibonacci retracement, some may say their Stochastics giving overbuy signals, and others have their own reasons. This is a physics law that "it is not possible to move without friction". So, bulls can't keep running forever, bears will…Continue
September 11 - 17
#1 Boris Schlossberg - Battle tested strategies for daytrading FX
#2 Sam Seiden - Supply / Demand and Odds Enhancers - Part 1 and…Continue
Added by Francesc Riverola on September 19, 2012 at 2:28pm — No Comments
Exchange rate is the rate, at which one currency is converted to another. Exchange rates vary daily, so if you want to find exact exchange rates, you should make a research. There are many online websites, which offer exchange rate calculators. Through these websites you can easily calculate any foreign currency in just few clicks. Forex Calculator is used by Forex market traders, various businesses and…Continue
When you decide to enable service broker, the first consideration is whether or not your fund will be in secure hands.
So, first of all you should choose a reputable broker. Though, note that opening an account with a Forex broker, who has registered with many agencies, will still not guarantee that the company is legitimate or that your trading funds are safe.
Generally, qualified Forex brokers provide a reliable trading platform, round-the-clock…Continue
Added by David Taylor /InfinMarkets.com on September 19, 2012 at 1:58pm — No Comments
Westpac - "The Bank of Japan has lent fresh support to otherwise range-bound AUD/JPY. The pair looks to be a buy on dips multi-week, targeting a test of 84, with a stretch target of 84.70/80. Dips to the mid-81s are likely to be driven by concerns over China and the prospect of RBA easing in Q4, perhaps as soon as Oct. A broadly positive global risk environment should underpin the pair overall."
Added by Francesc Riverola on September 19, 2012 at 1:54pm — No Comments
Capital Economics - "The upshot is that even though QE3 appears to have had a modest positive impact on financial markets, we suspect the impact on wider economic growth will still be mostly insignificant. QE3 probably won’t be much more successful at firing-up the economy than either QE1 or QE2."
Added by Francesc Riverola on September 19, 2012 at 1:52pm — No Comments
The pair is currently 0.9298. We have a clear rectangle pattern indicating further movement short but we are showing a possible break of the trend line to the long side. If it breaks - Initial target is the 0.500 Fibo/R2 @ 0.9330 and then the R3/0.214 Fibo @ 0.9381. A failure looks to continue down to the 0.9198 area The Average Daily Trading Range (ATR) for the pair is 75 pips.…Continue
Added by Scott Barkley on September 19, 2012 at 12:44pm — No Comments
EURUSD: While EUR may have backed off higher prices and triggered a correction, its broader short term uptrend started from 1.2040 level remains intact. This suggests the mentioned pullback should eventually fade and the pair should turn higher above the 1.3171 level. Further out, resistance stands at the 1.3282 level where a violation will call for a move further higher towards its weekly ema at 1.3415 level. The alternative scenario will be for the pair to force further corrective declines…Continue
Added by Rob Booker on September 19, 2012 at 11:12am — No Comments
EUR/USD is moving lower, as the markets continue to wait for an official aid request by Spain. Spanish officials say they haven’t yet reached a decision, and in the meantime, yields on Spanish bonds creep higher. In addition, investors are moving to the safety of the US dollar as tensions in the Arab world and between China and Japan rise. There are no scheduled releases out of the Euro-zone. In…Continue
Added by Yohay Elam on September 19, 2012 at 10:20am — No Comments
So, you want to join a Forex trading competition?
Whether you are looking for the thrill of competition to spice up your boring routine or simply want to learn more about the markets, trading competitions are indeed a great idea to get into.
Before you do that however, it’s important that you make some necessary preparations. You want to do better than blowing up your account trying to win the cash prize. Just because you’ll be using a demo account doesn’t mean you should…Continue
Added by HY Markets on September 19, 2012 at 10:11am — No Comments
Danske Bank - "In our view, today's BoJ action underlines that last week's Fed action have huge ramifications. Whether BoJ likes it or not the Fed action forced the BoJ to ease today to avoid a new appreciation of the JPY. All in all, we think that BoJ has taken an important step today and suggest the following strategy position for a move higher in USD/JPY:
Enter 3M 78.50-79.00-82.00 USD/JPY Seagull at zero cost (spot ref: 79.00)
Buy a 3M 79.00 (ATM spot) call option, sell…
Added by Francesc Riverola on September 19, 2012 at 9:12am — No Comments
Fidelity Worldwide Investment - “Looking at stock market performance following the last 12 elections suggests that investors should, in the short term at least, be rooting for an Obama victory. History shows that markets tend to rally after a win for the incumbent party by more than 10pc on average, but fall modestly if the challenger is successful. (...) With America teetering on the brink of the so-called ‘fiscal cliff’ the outcome of the US election is likely to be significant for markets…Continue
Added by Francesc Riverola on September 19, 2012 at 9:07am — No Comments
Gains are prospected for the Canadian dollar over its US counterpart on the USD/CAD currency pair today as a rally surfaces from another central bank mediation in the financial markets. The Loonie currency stands to benefit from a shift in risk confidence in the markets today, making a sell bias for the pair a reasonable option.
Less than a week after the Federal Reserve opened the gates for a third round of quantitative easing in the US, the Bank of Japan unexpectedly expanded its…Continue
Added by Aviv Shapiro on September 19, 2012 at 9:07am — No Comments
In much the same way that markets awaited the first week of September to see the market spring back into life and into the second week for the announcements and measures that would set the tone for Q4 we now await the next peak or trough on the rollercoaster.
Last weeks’ information has been digested and markets looked on Germany, The ECB and The Fed as positive for risk but not so positively that they feel we should shoot for the moon and stars.
The Euro has been on a huge…Continue
Added by Alan Hill From Sarrafx Trading on September 19, 2012 at 6:57am — No Comments