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Added by Francesc Riverola on March 1, 2012 at 2:51pm — No Comments
Enfinium settles with the CFTC for accepting US forex traders
by Michael Greenberg at Forex Magnates
In September 2011 CFTC sued 11 forex firms for various violations of its requirements including accepting US forex traders by some firms despite not being registered with the CFTC. This was the second part of what CFTC calls ‘nationwide…
Added by Francesc Riverola on March 1, 2012 at 2:00pm — No Comments
Currently @ 0.9862 after small pullback. Bernanke speaks again today so be cautious. If we can break the support @ 0.9850 look for a move first to the 0.9800 and then the support @ 0.9776. We remain bearish on the cross.…Continue
Added by Scott Barkley on March 1, 2012 at 1:58pm — No Comments
Added by David Nicholas on March 1, 2012 at 11:43am — No Comments
Fed Chairman Ben Bernanke dealt markets a surprise Wednesday when his comments during the first of two days of Congressional testimony suggested that another round of easing may not necessarily be in store. He helped send stocks lower, the dollar higher and precious metals to their worst day in more than two months.
Fed officials have signaled the Fed could purchase mortgage securities in a further easing round, instead of Treasurys, if the economy…
Added by Naveed Asim on March 1, 2012 at 11:23am — No Comments
Euro dollar is in much lower ground after Ben Bernanke made a small positive remark about employment and lowered the chances of QE3. The highly anticipated LTRO came out as expected. Banks are now better equipped for a Greek crash. As there’s not LTRO 3 in sight, the ECB had to return to the markets and lower yields on Portuguese bonds. EU leaders will see if Greece filled the prior…Continue
Added by Yohay Elam on March 1, 2012 at 9:23am — No Comments
Gold and silver changed direction and plummeted yesterday. The last time gold and silver declined so sharply and promptly was back on December 14th when the FOMC disappointed bullion traders as there were no announcements of QE3. This time was very similar and Bernanke's…Continue
Added by Lior Cohen on March 1, 2012 at 9:02am — No Comments
Euro yesterday decline showed possible top at 1.3486, now we should expect next move down around 1.3180/1.3150 where move from 1.2975-1.3485 will retraced in 61.8%, another reason for this move is trend line channel comes from 1.2620 low currently is around 1.3080 but in mind due to time reason I think …Continue
I would like to apologies for FXstreet's sites collapse yesterday Tuesday February 29th 2012 between 17:00 PM and 20:00 PM Barcelona's time (GMT+1). The collapse was due to the meltdown of the Microsoft hosting service Azure.
Now everything seems back to business
The first trading day of the month brings the results of surveys of purchasing managers at manufacturing firms located in several countries. These so-called PMI reports provide the first look at the health of major economies during the preceding month.
The market's focus on Europe over recent months has tended to shift attention away from the US manufacturing PMI report, compiled and published by the Institute for Supply Management (ISM). Federal Reserve Chairman Ben Bernanke sounded…Continue
Added by FX BOOTCAMP on March 1, 2012 at 5:23am — No Comments
Recently, I have noted that there is lot of criticism about the heading and my style of analysis. I am not here to take orders from each and every trader and change my habits and adjust according to their wishes. This can be due professional jealousy.
From my perspective, I am honest and brave in giving my views and I do change my views frequently as and when required. I do enjoy exchange of mails and try to reply most of them. At times there are some…Continue
The European Central Bank (ECB) reported during today's London trading session that it will provide €529.5bn in 1,092-day loans to 800 banks. As I mentioned to the live class at FX Bootcamp moments after the so-called LTRO 2 announcement, the notable number here was not the 529, it was the 800. The LTRO 2 participation rate was 53 percent higher than the 523 banks who tapped LTRO 1 in December. That suggests lower…Continue
Added by FX BOOTCAMP on February 29, 2012 at 8:43pm — No Comments
Finally looking like some decent pullbacks are underway. Going to be sticking with my USD bearish sentiment, therefore continue to build plans to long the Euro, Pound Aussie, short Swissy etc.
There is some Aussie and Chinese new to digest also. Looking forward to a great session.…Continue
Added by FX BOOTCAMP on February 29, 2012 at 8:15pm — No Comments
Added by Scott Barkley on February 29, 2012 at 4:59pm — No Comments
Added by JT on February 29, 2012 at 4:34pm — No Comments
Currently we are @ 1.5938 after breaking the top @ 1.5938. Expect a move to the resistance @ 1.6004 and then a break to the 1.618 fib Extension @ 1.6073. A break down here targets the return to the R6 support @ 1.5847. We remain bullish on the cross.…Continue
Added by Scott Barkley on February 29, 2012 at 2:04pm — No Comments
MahiFX, the new retail foreign platform based in New Zealand which promises to deliver the speed, competitive rates and reliability normally reserved for institutional users, has just incorporated the Economic Calendar Pro and the 24/5 Forex News Feed powered by FXstreet.com into their platform.
Thanks for the trust guys!
Added by Francesc Riverola on February 29, 2012 at 12:38pm — No Comments
Gold and silver changed direction and rose yesterday: silver, even more than gold, sharply increased by 4.5% and thus it completed an 8.4% rally in the past five business days. Will this silver rally continue? ECB will announce today the second LTRO, this might affect the precious metals via the Forex. Today there are several reports and news items worth mentioning including: the KOF Economic Barometer report, the Euro Area Annual Inflation, the Second U.S GDP 4Q 2011 Estimate the China…Continue
Added by Lior Cohen on February 29, 2012 at 11:53am — No Comments
Euro move above 1.3400 seem to be early sign for 1.3620 (weekly resistance) test. In H4 chart we may test 1,3430/1.3400 support before breaking higher, In down side break of 1.3400 and later 1.3350 is needed for 1,3250 support test ( daily support ). Be cautious about buying Euro in high levels cause of sharp sell off.