For those of you who trade FX with ETF's.
ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today the launch of ProShares Short Euro (NYSE: EUFX).…Continue
Added by Ron Schelling on June 27, 2012 at 12:54pm — No Comments
As you all know (think), the most important event that will be discussed tomorrow is debt crisis , but I believe European Council will be focusing on something completely different , which is the situations in the middle east , especially Egypt after the victory of Islamic parties in the presidential election ...
I think one of the dangerous things that might happen , and It might effect the EURO directly ; There is fear about the future of the European…Continue
EUR/USD continues to trade in a narrow range, as investors stay cautious ahead of the EU Summit on Thursday. The financial crises in Spain and Greece will be at the center of attention, but the European leaders will be discussing a range of topics, including the possibility of a cross-border banking union and closer integration of their budgets. Wednesday started off poorly with…Continue
Added by Yohay Elam on June 27, 2012 at 9:47am — No Comments
Added by JT on June 27, 2012 at 2:05am — No Comments
After ending last week with a strong sell-off, the pair finally found some footing today after forming a piercing pattern to create a short term bottom, followed by a pin bar just a few hours ago off a key support and role reversal level at 1.0009. This is after 16hrs of straight buying, so short term there are…
Added by 2ndSkiesForex on June 26, 2012 at 11:08pm — No Comments
Recent USD weakness against YEN may not last too long. According to the Daily Elliot Wave analysis, a strong Support lies around 78.70-79.00 area. Also, notice 200 Day SMA as a Support in the same price zone. If this Chart structure remains in place, we might see a small bounce and sideways upside movements this…Continue
USDJPY: The pair has failed to sustain its upside pressure and turned lower for a second day in a row. This leaves USDJPY targeting further weakness towards the 78.61 level. A turn below here will reverse its recovery tone to downside tone leaving the risk of recapturing the 77.66 level on the cards. Below here will resume its weakness and aim at the 77.02 level. Its daily RSI is bearish and pointing lower. The alternative scenario will be a return above the 80.59 level. This will set the…Continue
Added by fxtech on June 26, 2012 at 3:30pm — No Comments
Currently the pair is @ 98.83 after breaking down from the double bottom. Look for a small bounce on the -0.270 Fib Extension and then the S5 area @97.85-97.99. A hard bounce is expected the back to the targets the 99.00 area.…Continue
Interesting article and charts about the US economy.
Click on thepicture below.
Added by Ron Schelling on June 26, 2012 at 1:12pm — No Comments
EUR/USD is showing some choppiness, reflecting market nervousness. At an EU summit scheduled later this week, European leaders will be discussing a range of topics, including the possibility of a cross-border banking union and closer integration of their budgets. Meanwhile, the Moody’s ratings agency downgraded 28 Spanish banks on Monday, which is putting further pressure on the…Continue
FXCM and Dow Jones Indexes launch Currency Index
by Adil Siddiqui at Forex Magnates
Dow Jones Indexes, a leading global index provider, and FXCM, a global online provider of foreign exchange trading and related services, today announced they have collaborated to launch the Dow Jones FXCM Yen Index.
The new index measures changes in the value of the…
Added by Francesc Riverola on June 26, 2012 at 10:00am — No Comments
I've received many comments lately regarding our decision to ban a well-known user from the network for misbehavior.... some of you fully support the measure, some just do not care some are pretty angry to us.
I would like to share with you all what I told those that approached me through private messages: This is a community of Forex traders... we all share a passion here, that it is Forex trading.... some of us are newbies, some have some experience, some are very…Continue
Euro is in consolidation mode as long as price remain above 1.2400 and below 1.2800, this situation could extend further because of uncertainty in Europe ongoing events. today we might see range move above 1.2480 and below 1.2580, Entering long around 1.2500 for 30-40 pip profit taking is recommended with tight stops below 1.2480.
After climbing for almost two sections (17 in ichimoku number theory), the Euro failed to continue gaining, telling us this recovery had little underpinning to it. The Chikou not only found resistance at the price line (bearish), but also found resistance at an area where it once held as support. It still has yet to clear the price line, which is one of the few majors failing to do so. That plus the strong Kumo ahead, along with the…
FxPro Announces a Major Development in its Global Operations
London, 25th June 2012: FxPro Financial Services Ltd (FxPro), a leading FX broker today announced a major development in its global business– FxPro UK Ltd is now open for business and will be operating an agency model.
FxPro UK Ltd’s clients will benefit from a true no-dealing desk…
Added by Francesc Riverola on June 25, 2012 at 6:09pm — No Comments
EURUSD short projection from Thursday night based on Elliotwave and Volume Distribution is still in progress. As expected, the pair seemed to continue the impulse from Thursday after the Flat correction.
The alternate counts are revised for the continuation of the impulsive wave, and a…Continue
Currently the pair is @ 99.51 after breaking out of the former uptrend on Friday to the downside. A break of the 0.786 Fibo support - look for the bottom @99.12 area with a stall or bounce at the S4 @ 99.30. A bounce targets the return to the 0.618Fibo @100.05 area.…Continue
Added by Scott Barkley on June 25, 2012 at 1:12pm — No Comments
EUR/USD started the week with a minor gap for a change, but the direction afterwards remained the same: downwards. The pair lost another support line after expectations from the EU Summit fell once again. Yields on Spanish and Italian bonds change course rise once again. With the risk off mood in control, more doubts about Chinese strength emerged over the…Continue
Added by Yohay Elam on June 25, 2012 at 9:12am — No Comments
ITC 2012 Highlights
By Yohay Elam at ForexCrunch.com
The 5th edition of FXStreet’s International Traders’ Conference is still going on, but it’s safe to say after two days that it’s a great success: interesting talks, interactive live trading session
Added by Francesc Riverola on June 25, 2012 at 8:13am — No Comments