Downside scenario prevailed and EUR fell across the board very dramatically. For the past 10 days it has lost almost 500 pips. I'm taking a look now at all the charts and i think it's time for a correction move higher. But the Daily and H4 chart model shows very possible another powerful downside move may occur soon. Investors do not close their short positions as for the last 10 days there was no any pullback for more than 100 pips. So this supports the theory of testing 1.2000. If you take…Continue
After forming a medium bearish tenkan cross on July 5th, the Euro has remained relatively below the tenkan the entire time, suggesting strong momentum behind the selling with constant pressure. However, besides the large 2-way doji bar 2 candles back, we are suspecting a possible pause in the downtrend.
This is mostly based on daily and 4hr …Continue
Added by 2ndSkiesForex on July 12, 2012 at 2:39am — No Comments
Today was FXCM's day. I had an outstanding lunch with Sameer Bhopale, CMO at FXCM at a restaurant called Delmonicos.... What an outstanding place!... best steakhouse I've ever been.... I'm not a meat guy but the steak I had today was just magnificent.
After spending a great time with Sameer, we went back to FXCM offices to meet with Drew Niv, FXCM's CEO.
Drew - once again - gave me a Forex master class. A pity that I do not…Continue
Added by Francesc Riverola on July 12, 2012 at 12:30am — No Comments
I have lost confidence in the impulsive option (From the February 29 top) that I posted on May 20.
We have to respect the statement that the daily momentum indicators are suggesting since we have a 2 months old positive divergence on both the RSI and the MACD.
A positive divergence usually occurs when price is involved in a bottoming process.
We don´t have any buy signal yet but the Stochastic is extremely oversold.…Continue
Added by ANDREA CALISSANO on July 11, 2012 at 6:17pm — No Comments
Currently the pair is @ 1.2257. We expect a break of the support here and then a move initially to the support @ 1.2216. A break of that targets the .500 Fibo @ 1.2176 and then the S6 @ 1.2135. …Continue
Added by Scott Barkley on July 11, 2012 at 1:16pm — No Comments
First of all , sorry for stop posting , been busy too much the last 2 weeks , I'll be back very soooon?!!
Just wanna say be careful these days while you are trading , very large and big moves are expected this week or next week especially on EURUSD and GBPUSD !!!
Sudden and strong fall is suggested at least 500 pips this week or next week , the best strategy to use is to pick up tops and short.....
We may witness fake rise before the big fall…Continue
DNB Markets, Oslo, Norway' FX manual gives a brief overview of 38 of the most important currencies in the world, and is revised twice a year.
EUR/USD continues to trade around two year lows, after a meeting by Euro-zone finance ministers in Brussels ended with little progress being made, apart from extending Spain’s deadline to reach its deficit targets. In the US, the markets are awaiting Trade Balance figures, as well as the release of the minutes of the Federal Reserve’s most recent policy meeting, which could indicate whether the…Continue
Added by Yohay Elam on July 11, 2012 at 9:56am — No Comments
Gold and silver changed direction again and declined on Tuesday after they had risen on Monday. The recent news of China's decline in trade growth during June (as both imports and exports growth fell in June compared with May's figures) may have contributed to the downfall in bullion rates. The fall was also registered in other markets including oil and U.S stocks. Fitch…Continue
Added by Lior Cohen on July 11, 2012 at 7:20am — No Comments
Today -11th July
I will be presenting : " Tracking the Forex market together " monthly twin webinar explaining how the market reading can be done before taking trading decisions using the reference levels.
Part I - between 08:00-08:45 GMT - 30 min from start of European session - I will explain the basic trading strategy and take live trades to show the results during second part of the webinar
Link to register for the…Continue
Added by Dr. Sivaraman on July 11, 2012 at 5:54am — No Comments
Bravo for this article!!!
(PFG) BEST foot forward?
by Paul Holmes, guest author at Forex Magnates
Suicide is painless, the pain is always felt by those left behind..or stiffed…
At the foot of the PFGBest site is a section titled “disaster recovery”. Many desperate clients, who will have visited the futures broker’s…
Added by Francesc Riverola on July 11, 2012 at 1:20am — No Comments
If you are affected by PFGBest fraud, you should not miss this special webinar we are putting with the help of the attorney Elan Mendel at Shipkevich PLLC this Friday July 13th 2012... I hope it will be useful for you.
Help us to spread the word
PFGBest Case: Discussion with Attorney Elan Mendel…
Added by Francesc Riverola on July 10, 2012 at 11:51pm — No Comments
Forex brokers hit back at ‘flash’ traders
By Philip Stafford and Alice Ross in London and Michael Mackenzie in New York at Financial Times
Foreign exchange brokers are hitting back against the growth of ultra-fast traders in the forex market by clamping down on potential predatory practices.
EBS, the currency trading platform owned by ICAP, the…
Added by Francesc Riverola on July 10, 2012 at 11:36pm — No Comments
GOLD has been maintaining a Symmetric Triangular range since it dropped from all time high 1900 area down to 1500 level. Money Flow into the safe heaven assets such as Treasury and Gold, keeping it at a strong support level.Continue
Added by fx-Syndicate on July 10, 2012 at 10:00pm — No Comments
CFTC Files Complaint Against Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr. Alleging Fraud, Misappropriation of Customer Funds, Violation of Customer Fund Segregation Laws, and Making False Statements
Commission Seeks an Order Freezing Assets and Restitution of Customer Funds.
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced today…
Added by Francesc Riverola on July 10, 2012 at 8:58pm — No Comments
After having a nice lunch yesterday with our friends and colleagues Nancy Laist and Ed Cail at FXtrek.com Inc. near Times Square, today it was FXDD's day.
I went there early in the morning to meet management executives and marketing guys... I also had the great opportunity to meet Jamie Coleman, founder at ForexLive.com - probably the fastest growing FX site at this moment along MyFXbook.com.
The morning ended having a very nice lunch with FXDD director James…Continue
Currently the pair is @ 97.46. We expect a break of the support here and then a move initially to the -0.270 fib extension ( 1.270) of the last leg down @ 97.04. Below that, look to the 2.618 overall Fib extension @ 96.55. …Continue
Added by Scott Barkley on July 10, 2012 at 1:31pm — No Comments
EUR/USD continues to struggle around the fresh two year lows it plunged to on Friday, trading close to the 1.23 line. Euro-zone finance ministers met on Monday to discuss implementing decisions made at the EU Summit. However, aside from extending Spain’s deadline to reach its deficit targets, little progress was reported. The Finance Ministers will be meeting again today. In economic releases,…Continue
Added by Yohay Elam on July 10, 2012 at 9:46am — No Comments
After rejecting off the lows on friday forming an intraday pin bar setup, the Euro has built up small gains, but has done so via corrective price action telling us the buyers are not coming in any strength. Usually, this type of price action leads to a more impulsive sell off in the near future so I am looking to sell any rallies.
A good level I would…Continue
Added by 2ndSkiesForex on July 10, 2012 at 3:21am — No Comments