What ProAct Forex Target Traders See: We are currently sitting @ 1.3237 and stuck in a wedge on the day chart. We are bearish as long as we are under 1.3300 ( a break of that confirms the long). We will need to break out of the current up channel and then the initial downside targets are the 0.786 Fibo @ 1.3080 and then the double bottom @ 1.3010. A break above 1.3300 targets the double top @ 1.3386. The average daily true range (ATR)…Continue
Added by Scott Barkley on April 28, 2012 at 2:02pm — No Comments
It was an eventful week, as some of the major events of the week were lowering of Spain’s long term credit rating by two notches to BBB+ on debt concern and downgrading of India’s outlook from stable to negative by S & P. Spain and then UK have officially announcing that the two countries are facing recession.
FED and BOJ left its interest rate unchanged, but Bank of Japan (BOJ) continued with its asset purchase program by increasing its size by another…Continue
Recent trade of the week (TOTW) posts have featured one currency pair stuck in a trading range (EUR/USD) and another pair which showed potential to establish a new trend (USD/JPY). This week's selection is a pair that's been trending for some time.
The EUR/GBP currency pair has been moving from the upper left to the lower right of the weekly chart over the past several months. On 18 April, the…Continue
Added by FX BOOTCAMP on April 28, 2012 at 6:00am — No Comments
Goodbye Pep... and THANK YOU SO MUCH!!!!!
Guardiola leaves Barcelona
Barcelona coach Pep Guardiola, who led the club to unprecedented heights with a brand of football widely regarded as the closest to perfection the game has seen, will leave at the end of the season and…Continue
For the week of April 23-27, they had bearish sentiment across the board for EURUSD. That turned out not to be the case. Instead, the opposite was the case. Here's the snapshot and here's the Currencies Forecast link. http://www.fxstreet.com/technical/currencies-forecast/?pair=eurusd&time=2012-111# …Continue
Currently we are @ 1.0437 just below the top @ 1.0456. If we can break through the -1.270 Fib Extension - Looking for a move to the R4 @ 1.0484…Continue
Added by Scott Barkley on April 27, 2012 at 1:19pm — No Comments
A quick look at the Live Data Table for today's NY session:
Trend: LONG / Strength of Signal: 72%
Key Res. Levels: 1.3255. 1.3296
Key Supp. Levels: 1.3200. 1.3154
Trade Idea: LONG on a break of 1.3255 for 1.3315 & 1.3377 or SHORT below…
Added by Mihai Marinescu on April 27, 2012 at 12:03pm — No Comments
The browser-based DF WebTrader platform offers an intuitive user interface, excellent functionality and is compatible with all major browsers.
London, United Kingdom (27 April 2012) – DF Markets, a London-based Forex and CFD broker, announced the launch of DF WebTrader, a web-based version of their desktop DFTrader platform. The new DF WebTrader gives instant access to the global markets from any computer or tablet connected to the internet. All the user has to do is access the…
Added by FXstreet on April 27, 2012 at 11:30am — No Comments
IronFX a multi-award winning and fully regulated broker announces new IB commissions to reward new and existing Introducing Brokers. Take part of our IB program and gain:
0.7 pips IB rebates on EUR/USD and GBP/USD.
This new IB commission system goes hand in hand with our strategy to reward our clients with the best and unmatched trading conditions such as 10 platforms functionality, spreads starting from…Continue
Added by FXstreet on April 27, 2012 at 11:30am — No Comments
Euro dollar bounced off downtrend resistance and continued to lower ground. S&P downgraded Spain by two notches, just before unemployment jumped once again. Other European indicators don’t look good either. In the US, figures were mixed, but leaning lower. The focus is on the first release of GDP for Q1, which is expected to remind us of the economy’s strength before recent sluggishness. Will…Continue
Added by Yohay Elam on April 27, 2012 at 9:48am — No Comments
Two thumbs up for the WSJ!!!!!
Finally someone that says the truth of the stealing we Catalans have been suffering for ages:
"each year since 1986, an average of 9% of Catalonia's GDP in net terms has left the region to be redistributed or spent by Madrid. In Spain, only the Balearic Islands surrender a larger share of their annual output. Nowhere else in Europe or North America do intra-national transfers of such size occur as a matter of course."
Added by Francesc Riverola on April 27, 2012 at 9:34am — No Comments
SkyDesks- Trading in the Clouds: An Innovation in Forex VPS Hosting
Sheldon Gardner, President of SkyDesks, Inc. announced the premiere of SkyDesks' new website http://www.skydesks.com. SkyDesks offers a unique Forex Virtual Private Server (VPS) that is configured in minutes. SkyDesks offers subscribers free membership as well as a 2-week no obligation free trial. SkyDesks VPS includes…
Added by Francesc Riverola on April 27, 2012 at 9:25am — No Comments
Gold and silver sharply rose yesterday and thus rallied from their decline on Wednesday. Bank of Japan announced it will expand stimulus and will purchase government bonds by 10 trillion yen (roughly $124 billion). This means the asset purchase fund will rise to 40 trillion yen. S&P cuts Spain's credit rating from A to BBB+. Finally the rating agency had harsh words against Euro Area's handling its debt crisis. These events may slightly affect forex and commodities…Continue
Added by Lior Cohen on April 27, 2012 at 8:48am — No Comments
CFTC Orders Texas-based PassThrough Investments, LLC, and its Principals, Stephen Brantley and Dwayne Bryant Dawson, to Pay over $1.1 Million in Sanctions to Settle CFTC Charges of Fraud in Operating a Forex Trading Pool
Respondents fraudulently solicited and accepted at least $2.6 million from members of the public to participate in the pool
Washington, DC – The U.S.…
Added by Francesc Riverola on April 27, 2012 at 8:28am — No Comments
Hello, Good morning
As shown in chart euro currently is hovering around uptrend channel support (H4 chart) penetrated early European morning. Brief bounce to 1.3190/3210 region is expected before clear break below 1.3160 take place for 1.3100/3050 target moving. Short entry around…Continue
Federal Court Enters Order Settling CFTC $85 Million Forex Fraud Action against California Resident Peter Son and his Companies SNC Asset Management, Inc. and SNC Investments, Inc.
Defendants ordered to pay $5 million civil monetary penalty
Son pleaded guilty to federal charges in related criminal action and was sentenced to 180 months in prison and ordered to pay over $60…
Added by Francesc Riverola on April 27, 2012 at 7:27am — No Comments
Added by nidhi mistry on April 27, 2012 at 6:47am — No Comments
i feel gbpusd has formed regular bearish divergence. resistance @ 1.6210 and 1.6253 below resistance 1.6210 pair may test support level 1.6160, 1.61 main target towards 1.54 and 1.53 till 10th july,2012…Continue
Added by nidhi mistry on April 27, 2012 at 5:54am — No Comments
The EURUSD continued its bullish momentum yesterday bottomed at 1.3175, topped at 1.3262 and closed at 1.3191, but that bullish move was limited and the pair was rising with low momentum as shown on the daily and the 4 hour chart...
Today I assume massive bearish move testing at first the key support 1.3103 , losing this level would lead for the expected massive bearish move testing the key support 1.2994..
Immediate resistance is seen around the key resistance 1.3200 where…Continue
EURO and GBP are held at higher levels and not making upward stop hunts after yesterday early European session,indicate that the players are holding high and booking profits .This may lead to week end eitherway moves - ie those taken higher level buys during rise might feel that the profit booking opportunity is not seen and come for long liquidation.Later those taken lower level shorts might come for short covering every session close times.
So each session is expected to have…Continue