Mon, Aug 31 2009, 03:28 GMT
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 93.31. Bearish pressure remains intact in the pair, as expected after general elections. Very close to 93.20, already tested twice and where the pair could be forming a double floor, break under that level could accelerate the fall, with immediate support around 92.80. If 93.20 holds, neck for the double bottom will be at 94.05.
“Confirmations above that level, could send the pair higher, thus seems unlikely as bigger time frames also support further falls,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 93.20 92.80 92.50. Resistance levels: 93.70 94.10 94.45.
Forex Scalping Guide - Conclusions
Friday, August 28, 2009
This article is part of our guide on how to use scalping tequniques to trade forex. If you haven't already we recommend you read the first part of series on forex scalping.
Not all traders will do well in scalping, but many can acquire the necessary skills for this strategy by careful practice using a step-by-step approach. As with most other activities, it is better to begin your training at the most basic level and to add upon your gains at each pace to approach perfection.
Controlling your emotions will probably be the first challenge you face as a beginning scalper. It may be difficult to adapt to the violent swings that you will have to deal with routinely, but by avoiding certain time periods, and adjusting your stop-loss order accordingly, there should never be too big a danger in scalping.
We’ll conclude this article by briefly listing the principles which must be adhered to by a committed scalper before consistent profitability is attained.
1. Discipline: Scalping is for disciplined traders. A methodical, even mechanical approach to trading will increase the potential profits of any scalper, and if automation is necessary, there is no logic in delaying it. Acquiring mental discipline may require time and effort, but its beneficial in every aspect of life, and nothing will be lost as you put your trading career in order. If a trade must be closed, it must be closed. If losses need to be taken, they must be. Scalping doesn’t allow the trader much time for vacillation or worry, and whining and complaining have no place in this style. Face the realities and act in accordance: success is just around the corner.
2. Patience: Impatient, or arrogant traders don’t have a stellar future in scalping. Many people have attained great profitability in trading, but only through persistence and determination. It is even more so in scalping, where minuscule profits are expected to combine into sizable gains.
3. Calm: Scalpers need to remain calm in the face of market turmoil, especially those who want to trade directional, trending markets. Without emotional restraint, trading choices will be confused and arbitrary, and that is the least of what can be afforded by a committed scalper. Get used to losses and mistakes. Accustom yourself to mending the errors. And all should be well.
4. Regular Trade Sizes: This is always a necessity in trading, but even more so in scalping. Don’t make the mistake of doubling your trade sizes in response to a chance streak of wins. Don’t blur your vision by entering orders arbitrarily. Be disciplined, and ensure that your trades can be analyzed easily by standardizing your order sizes.
5. Concentration: Scalping can be an intense activity, and a good scalper needs to have a mind which can concentrate effectively on the task at hand for profit. If you’re scalper, make sure that the place and time period during which you’re active in the market is as peaceful and calm as possible. Have the kids sleep or play, let your spouse tend to her own duties. Ensure that you’re not distracted while scalping the forex market.
Not all traders will do well in scalping, but many can acquire the necessary skills for this strategy by careful practice using a step-by-step approach. As with most other activities, it is better to begin your training at the most basic level and to add upon your gains at each pace to approach perfection.
Controlling your emotions will probably be the first challenge you face as a beginning scalper. It may be difficult to adapt to the violent swings that you will have to deal with routinely, but by avoiding certain time periods, and adjusting your stop-loss order accordingly, there should never be too big a danger in scalping.
We’ll conclude this article by briefly listing the principles which must be adhered to by a committed scalper before consistent profitability is attained.
1. Discipline: Scalping is for disciplined traders. A methodical, even mechanical approach to trading will increase the potential profits of any scalper, and if automation is necessary, there is no logic in delaying it. Acquiring mental discipline may require time and effort, but its beneficial in every aspect of life, and nothing will be lost as you put your trading career in order. If a trade must be closed, it must be closed. If losses need to be taken, they must be. Scalping doesn’t allow the trader much time for vacillation or worry, and whining and complaining have no place in this style. Face the realities and act in accordance: success is just around the corner.
2. Patience: Impatient, or arrogant traders don’t have a stellar future in scalping. Many people have attained great profitability in trading, but only through persistence and determination. It is even more so in scalping, where minuscule profits are expected to combine into sizable gains.
3. Calm: Scalpers need to remain calm in the face of market turmoil, especially those who want to trade directional, trending markets. Without emotional restraint, trading choices will be confused and arbitrary, and that is the least of what can be afforded by a committed scalper. Get used to losses and mistakes. Accustom yourself to mending the errors. And all should be well.
4. Regular Trade Sizes: This is always a necessity in trading, but even more so in scalping. Don’t make the mistake of doubling your trade sizes in response to a chance streak of wins. Don’t blur your vision by entering orders arbitrarily. Be disciplined, and ensure that your trades can be analyzed easily by standardizing your order sizes.
5. Concentration: Scalping can be an intense activity, and a good scalper needs to have a mind which can concentrate effectively on the task at hand for profit. If you’re scalper, make sure that the place and time period during which you’re active in the market is as peaceful and calm as possible. Have the kids sleep or play, let your spouse tend to her own duties. Ensure that you’re not distracted while scalping the forex market.
Dollar Falls as Stocks Reverse Losses
Thursday, August 27, 2009
FX Strategy UpdateFri, Aug 28 2009, 02:03 GMT
by Hans Nilsson
CMS Forex
Dollar Falls as Stocks Reverse Losses
The dollar declined in NY trading Thursday as US stocks reversed earlier losses and closed higher. US Q2 GDP beat market expectations and jobless claims declined. The dollar index fell to 78.06, about 0.5 point above important support. The S&P 500 was up 2.86 points to 1,030.98. The euro rose on improving risk appetite. Germany’s consumer confidence climbed to a 15-month high and consumer prices unexpectedly increased. Sterling gained against the dollar but fell to a new low versus the euro. The Australian and Canadian dollars advanced on a rebound in crude oil prices.
The USD/JPY fell today. The advantage of borrowing in Japan has diminished as US borrowing cost has fallen. This has reduced carry trades funded in Japan and pressured the pair. The USD/JPY has support from the longer term uptrend. If this is broken, the pair may fall to the 91-area support. There is resistance in the 94- 95 area. Japan’s election will be held on August 30. The latest election polls indicate that the opposition Democratic Party will win, which will introduce new political and economic policy uncertainties.
GLOBAL MARKETS: European Stocks Seen Down; Rallies Pause
Thu, Aug 27 2009, 06:40 GMT
http://www.djnewswires.com/eu
GLOBAL MARKETS: European Stocks Seen Down; Rallies Pause
By Andrea Tryphonides
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--European stocks are expected to open in the red Thursday, as the recent equity market rally starts to run out of steam.
"Sentiment is beginning to change, especially in the U.S.," said Ben Potter, a research analyst at IG Markets.
"Only a few weeks ago, last night’s sharply better-than-expected new home sales data and U.S. durable goods orders would have sent the market surging into the close. However, markets are struggling to hold onto gains now, as we saw overnight," he said.
Potter called London's FTSE 100 index down 21.6 points, or 0.4%, at 4869, Frankfurt's DAX down 15 points, or 0.3%, at 5507 and France's CAC-40 16.3 points lower, or down 0.4%, at 3652.
IG Markets also said that with the company reporting season nearly over, it would not be surprised to see stocks suffer from a short-term "information void".
Nevertheless, the corporate earnings calendar remains rather busy on Thursday. Casino's and GDF Suez's first-half results and Credit Agricole's second quarter will all be in focus, along with Diageo's preliminary results out of London.
Meanwhile, Asian stock markets were lower Thursday, with weakness in Chinese shares dampening sentiment. In Japan, the yen's strength dragged exporters' stocks lower.
Although U.S. equity markets inched higher after the new home sales data and durable goods orders for July beat expectations, analysts said Wall Street's tepid reaction to the positive data indicated the markets' recent uptrend may be running out of steam.
"Signals from Wall Street are somewhat negative, because the market wasn't lifted by better-than-expected economic data," said Mizuho Securities' senior technical analyst Yutaka Miura. "The U.S. market may be facing stronger resistance now," he added.
Japan's Nikkei 225 index was down 1.6%, although off its lows, while South Korea's Kospi Composite lost 1.1%. Hong Kong's Hang Seng index shed 1.3%, while in China the Shanghai Composite index was 0.9% lower after weaving between positive and negative territory in early trade. The index was weighed down by weakness in energy producers and property developers, while gains in airlines and pharmaceutical stocks provided support.
U.S. stocks closed slightly higher on Wednesday as a report of rising new home sales fueled consumer companies, although Caterpillar, General Electric and some of the market's other recent leaders pulled back.
Marking its seventh straight day in the green, the Dow Jones Industrial Average closed up 0.04% at 9543.5. The Standard & Poor's 500 was flat, up just 0.01% at 1028.1. The technology-heavy Nasdaq Composite was also flat, up 0.01% at 2024.4.
In the currency markets Thursday, the euro and the dollar fell against the yen in Asia as weak regional share markets prompted players to sell those currencies for the safety of the yen.
By 0630 GMT, the euro was trading in Europe at Y133.56, down from Y134.35 in late New York trade Wednesday. The dollar was trading at Y93.73, down from Y94.26. The euro was quoted at $1.4247, down from S1.4256.
Elsewhere, base metals were slightly higher after pulling back on the London Metal Exchange Wednesday. The market was well supported as sentiment improved along with the economic data, although reports that China's State Council was seeing over capacity added a note of caution.
Spot gold was up $2.75 at $945.50 per troy ounce. But the October Nymex crude oil futures contract was 28 cents lower at $71.15 per barrel.
Meanwhile, European bond markets opened lower, with September bund futures down 0.05 at 122.76.
By Andrea Tryphonides, Dow Jones Newswires; +44-20-7842-9281; andrea.tryphonides@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=CIsrIqgd%2BLmkhB0nEsDfWg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 27, 2009 02:40 ET (06:40 GMT)
http://www.djnewswires.com/eu
GLOBAL MARKETS: European Stocks Seen Down; Rallies Pause
By Andrea Tryphonides
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--European stocks are expected to open in the red Thursday, as the recent equity market rally starts to run out of steam.
"Sentiment is beginning to change, especially in the U.S.," said Ben Potter, a research analyst at IG Markets.
"Only a few weeks ago, last night’s sharply better-than-expected new home sales data and U.S. durable goods orders would have sent the market surging into the close. However, markets are struggling to hold onto gains now, as we saw overnight," he said.
Potter called London's FTSE 100 index down 21.6 points, or 0.4%, at 4869, Frankfurt's DAX down 15 points, or 0.3%, at 5507 and France's CAC-40 16.3 points lower, or down 0.4%, at 3652.
IG Markets also said that with the company reporting season nearly over, it would not be surprised to see stocks suffer from a short-term "information void".
Nevertheless, the corporate earnings calendar remains rather busy on Thursday. Casino's and GDF Suez's first-half results and Credit Agricole's second quarter will all be in focus, along with Diageo's preliminary results out of London.
Meanwhile, Asian stock markets were lower Thursday, with weakness in Chinese shares dampening sentiment. In Japan, the yen's strength dragged exporters' stocks lower.
Although U.S. equity markets inched higher after the new home sales data and durable goods orders for July beat expectations, analysts said Wall Street's tepid reaction to the positive data indicated the markets' recent uptrend may be running out of steam.
"Signals from Wall Street are somewhat negative, because the market wasn't lifted by better-than-expected economic data," said Mizuho Securities' senior technical analyst Yutaka Miura. "The U.S. market may be facing stronger resistance now," he added.
Japan's Nikkei 225 index was down 1.6%, although off its lows, while South Korea's Kospi Composite lost 1.1%. Hong Kong's Hang Seng index shed 1.3%, while in China the Shanghai Composite index was 0.9% lower after weaving between positive and negative territory in early trade. The index was weighed down by weakness in energy producers and property developers, while gains in airlines and pharmaceutical stocks provided support.
U.S. stocks closed slightly higher on Wednesday as a report of rising new home sales fueled consumer companies, although Caterpillar, General Electric and some of the market's other recent leaders pulled back.
Marking its seventh straight day in the green, the Dow Jones Industrial Average closed up 0.04% at 9543.5. The Standard & Poor's 500 was flat, up just 0.01% at 1028.1. The technology-heavy Nasdaq Composite was also flat, up 0.01% at 2024.4.
In the currency markets Thursday, the euro and the dollar fell against the yen in Asia as weak regional share markets prompted players to sell those currencies for the safety of the yen.
By 0630 GMT, the euro was trading in Europe at Y133.56, down from Y134.35 in late New York trade Wednesday. The dollar was trading at Y93.73, down from Y94.26. The euro was quoted at $1.4247, down from S1.4256.
Elsewhere, base metals were slightly higher after pulling back on the London Metal Exchange Wednesday. The market was well supported as sentiment improved along with the economic data, although reports that China's State Council was seeing over capacity added a note of caution.
Spot gold was up $2.75 at $945.50 per troy ounce. But the October Nymex crude oil futures contract was 28 cents lower at $71.15 per barrel.
Meanwhile, European bond markets opened lower, with September bund futures down 0.05 at 122.76.
By Andrea Tryphonides, Dow Jones Newswires; +44-20-7842-9281; andrea.tryphonides@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=CIsrIqgd%2BLmkhB0nEsDfWg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 27, 2009 02:40 ET (06:40 GMT)
FX market steady heading into European open
Tuesday, August 25, 2009
Wed, Aug 26 2009, 05:12 GMT
http://www.forexlive.com
It is difficult to see where any major moves are going to come from in the next few days. Asia has opened at pretty much the same level every day this week and has then had a rangebound trading session. Much of the pre-election JPY buying is now thought to be complete so a minor rally in the JPY crosses remains a possibility. Stock market sentiment remains positive, which will also favour the traditional risk trades.
http://www.forexlive.com
It is difficult to see where any major moves are going to come from in the next few days. Asia has opened at pretty much the same level every day this week and has then had a rangebound trading session. Much of the pre-election JPY buying is now thought to be complete so a minor rally in the JPY crosses remains a possibility. Stock market sentiment remains positive, which will also favour the traditional risk trades.
Asian Forex Market wrap
Wed, Aug 26 2009, 04:03 GMT
http://www.forexlive.com
Regional stockmarkets generally around 1% higher, following the US lead Bernanke reappointment and relatively good US housing data calm the market and promote risk sentiment Japanese trade data dampened enthusiasm in early trade On the other hand, South Korean consumer sentiment came in at a 7-year high Australian construction work data shows the benefit of the big stimulus spend Not everybody is totally enamoured with Ben Bernanke's reappointment- the latest from AEP in the Telegraph Oil had a big fall overnight after touching $75/bbl it lost almost 5% and has traded steadily in Asia. There was some quite heavy selling of USD/JPY and particularly GBP/JPY in very early trade despite the Nikkei opening over 0.5% higher. This is probably because, with today's spot date of Friday, many saw it as the last opportunity to complete their hedging before the weekend election. There was also talk of stops in USD/JPY below 93.60 which might have attracted dealers attention. EUR/JPY fell to 134.10 again but solid demand there and CTA bids in USD/JPY helped steady the ship. The Shanghai exchange had initially opened lower and this, allied with the slightly disappointing Japanese trade data, kept the JPY crosses pressured. This pressure was released around lunchtime when the Shanghai bourse rallied into positive territory, leading to short covering in the JPY pairs. EUR/USD and cable moved around in 30 pip ranges with the crosses although EUR/GBP has managed to eke out some small gains. The sentiment for the cross is universally bullish now it seems. The AUD slipped to a 5 month low against the NZD but interest in both currencies was muted. Markets: Nikkei +0.6%, HK +0.4%, Sydney +1%, Kospi +0.6%, Shanghai +1.5%. Gold up slightly to $948.50/oz. Ranges: EUR/USD 1.4281/1.4306; cable 1.6306/50; USD/JPY 93.88/94.26; AUD/USD .8332/74; EUR/JPY 134.05/75
http://www.forexlive.com
Regional stockmarkets generally around 1% higher, following the US lead Bernanke reappointment and relatively good US housing data calm the market and promote risk sentiment Japanese trade data dampened enthusiasm in early trade On the other hand, South Korean consumer sentiment came in at a 7-year high Australian construction work data shows the benefit of the big stimulus spend Not everybody is totally enamoured with Ben Bernanke's reappointment- the latest from AEP in the Telegraph Oil had a big fall overnight after touching $75/bbl it lost almost 5% and has traded steadily in Asia. There was some quite heavy selling of USD/JPY and particularly GBP/JPY in very early trade despite the Nikkei opening over 0.5% higher. This is probably because, with today's spot date of Friday, many saw it as the last opportunity to complete their hedging before the weekend election. There was also talk of stops in USD/JPY below 93.60 which might have attracted dealers attention. EUR/JPY fell to 134.10 again but solid demand there and CTA bids in USD/JPY helped steady the ship. The Shanghai exchange had initially opened lower and this, allied with the slightly disappointing Japanese trade data, kept the JPY crosses pressured. This pressure was released around lunchtime when the Shanghai bourse rallied into positive territory, leading to short covering in the JPY pairs. EUR/USD and cable moved around in 30 pip ranges with the crosses although EUR/GBP has managed to eke out some small gains. The sentiment for the cross is universally bullish now it seems. The AUD slipped to a 5 month low against the NZD but interest in both currencies was muted. Markets: Nikkei +0.6%, HK +0.4%, Sydney +1%, Kospi +0.6%, Shanghai +1.5%. Gold up slightly to $948.50/oz. Ranges: EUR/USD 1.4281/1.4306; cable 1.6306/50; USD/JPY 93.88/94.26; AUD/USD .8332/74; EUR/JPY 134.05/75
FOREX TRADING IN PAKISTAN
I take this opportunity to bring to your knowledge an alternate financial trading opportunity available at your finger tips in Pakistan.
Until recently many people knew only the stock market to invest and trade for their financial desires, however technological developments have brought many new markets, new products and new services more closer to us. These are more independent, more transparent more regulated, more secure, more versatile and easier to trade.
Now you can trade in Foreign Currencies, Precious Metals, Crude Oil, Cocoa, Coffee, Sugar etc right from your office, through your laptop or at home and more over now we have also introduced, Mobile trading.
You can trade these international products Online with a 24- hour local support.
It is this vision of deploying the latest technological resources, maintaining the highest standards in trade executions and customer services, maintaining the leadership role and confronting the challenges in changing circumstances.
The Enclosed Brochure gives you a more detailed outlook
If you are interested to discuss more on the subject CONTACT or you can come visit us at our office and we would be happy to give you a live presentation in order for you to be more updated with our latest and more effective state of the art platform.
Until recently many people knew only the stock market to invest and trade for their financial desires, however technological developments have brought many new markets, new products and new services more closer to us. These are more independent, more transparent more regulated, more secure, more versatile and easier to trade.
Now you can trade in Foreign Currencies, Precious Metals, Crude Oil, Cocoa, Coffee, Sugar etc right from your office, through your laptop or at home and more over now we have also introduced, Mobile trading.
You can trade these international products Online with a 24- hour local support.
It is this vision of deploying the latest technological resources, maintaining the highest standards in trade executions and customer services, maintaining the leadership role and confronting the challenges in changing circumstances.
The Enclosed Brochure gives you a more detailed outlook
If you are interested to discuss more on the subject CONTACT or you can come visit us at our office and we would be happy to give you a live presentation in order for you to be more updated with our latest and more effective state of the art platform.
Karachi stock market
KARACHI: The Karachi stock market closed higher on the first day of the trading week Monday on buying activity ahead of result announcement season for June closing while investors remained optimistic for early announcement of leverage products.
The Karachi Stock Exchange (KSE) 100-share index gained 43.13 points or 0.60 percent to close at 7,206.17 points as compared to 7,163.04 points of the previous trading session.
The KSE 30-share index surged 37.16 points and closed at 7,640.24 points as compared with 7,640.24 points.
The KMI 30 index increased by 29.12 points to close at 10,701.79 points as against 10,672.67 points.
Analysts said the market opened on a positive note and this trend went on for the rest of the session. Investors focused on cement, banking and telecom sectors.
The market turnover went up by 37.22 percent and traded 95.74 million shares as compared to previous session’s 152.66 million shares. The overall market capitalisation surged 0.66 percent to close at Rs 2.134 trillion as compared with Rs 2.120 trillion. Out of total 303 companies, 145 closed in the positive zone, 143 in negative, while 15 remained unchanged.
Announcement of emergent board meeting by PTC for entitlement invited renewed buying activity in PTC,” said analyst at Aziz Fida Husein and Co Husnein Asghar Ali. “OGDC and PPL are expected to get out of the way with dividend announcement in the year-end results to support the government’s fiscal issues.”
Likely hood of reduction in discount rate by 150-200 bps in the upcoming monetary policy announcement added to the demand of dividend paying stocks as buying spree in the stocks not only allowed the turnover to keep ticking, but the heavyweights PTC, PPL and OGDC allowed the 100-share index to maintain a positive posture, he added.
Although, not an ultimate solution, the talks of activating the deliverable forward is at least a sep ahead to address the leverage issue at the market.
“Buying activities were witnessed during major part of the session,” said senior analyst at Shahzad Chamdia Sec Ahsan Mehanti. “PTCL announcement for shareholder entitlements, positive result outlook in cement, oil and fertilizer sectors, continued foreign interest played a catalyst role for a positive close.”
The Karachi Stock Exchange (KSE) 100-share index gained 43.13 points or 0.60 percent to close at 7,206.17 points as compared to 7,163.04 points of the previous trading session.
The KSE 30-share index surged 37.16 points and closed at 7,640.24 points as compared with 7,640.24 points.
The KMI 30 index increased by 29.12 points to close at 10,701.79 points as against 10,672.67 points.
Analysts said the market opened on a positive note and this trend went on for the rest of the session. Investors focused on cement, banking and telecom sectors.
The market turnover went up by 37.22 percent and traded 95.74 million shares as compared to previous session’s 152.66 million shares. The overall market capitalisation surged 0.66 percent to close at Rs 2.134 trillion as compared with Rs 2.120 trillion. Out of total 303 companies, 145 closed in the positive zone, 143 in negative, while 15 remained unchanged.
Announcement of emergent board meeting by PTC for entitlement invited renewed buying activity in PTC,” said analyst at Aziz Fida Husein and Co Husnein Asghar Ali. “OGDC and PPL are expected to get out of the way with dividend announcement in the year-end results to support the government’s fiscal issues.”
Likely hood of reduction in discount rate by 150-200 bps in the upcoming monetary policy announcement added to the demand of dividend paying stocks as buying spree in the stocks not only allowed the turnover to keep ticking, but the heavyweights PTC, PPL and OGDC allowed the 100-share index to maintain a positive posture, he added.
Although, not an ultimate solution, the talks of activating the deliverable forward is at least a sep ahead to address the leverage issue at the market.
“Buying activities were witnessed during major part of the session,” said senior analyst at Shahzad Chamdia Sec Ahsan Mehanti. “PTCL announcement for shareholder entitlements, positive result outlook in cement, oil and fertilizer sectors, continued foreign interest played a catalyst role for a positive close.”
Pakistan's forex reserves fall to $11.72 bln
Pakistan's forex reserves fall to $11.72 bln KARACHI, Aug 6 (Reuters) - Pakistan's foreign exchange reserves fell by $50 million in the week that ended Aug. 1 to $11.72 billion, ...
Forex Trading: Some Tips On How You Can Be Successful
Sunday, August 23, 2009
Knowing how to trade in Forex is simply just not enough to be successful. In this largest and the most liquid financial market in the world, you need to have more than the knowledge and skills to be successful. You need to know about the different things involved in Forex to earn huge amounts of money.
Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex
Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.
If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.
The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.
With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.
In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.
It is up to you to decide if you will be using this strategy or not.
These are some of the strategies you can use when trading in the Forex market.
Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.
Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
- When you are losing, you want to minimize the risk of losing more money. So, dont add money when you are losing.
- Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.
There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isnt actually 100% accurate, you can use the Forex charts as a guide to whats happening in the market.
You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.
This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.
These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.
Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex
Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.
If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.
The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.
With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.
In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.
It is up to you to decide if you will be using this strategy or not.
These are some of the strategies you can use when trading in the Forex market.
Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.
Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
- When you are losing, you want to minimize the risk of losing more money. So, dont add money when you are losing.
- Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.
There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isnt actually 100% accurate, you can use the Forex charts as a guide to whats happening in the market.
You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.
This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.
These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.
Forex Trading - 4 Tips That Could Make you Huge Profits
If you want to learn forex trading the first fact you need to know is that it's not easy and don't let anyone tell you otherwise, it's hard. Why? Because the skills you need are ones that will make most people simply can't learn but if you can you can enjoy currency trading success.
The first skill you need is:
1. Take Responsibility
Today everyone looks for experts to help them and that's fine, if you want your car fixed but it won't help you in forex trading. You need to accept success comes from within and you need to acquire both the confidence and discipline to execute your forex trading strategy and no one else can do this for you. Your totally on your own.
2. Stand Away From The Crowd
Since Stone Age times man has been used to seeking the safety of the pack, were also very sociable creatures and like to agree with have the majority agree with us.
In forex trading if you run with the pack you will lose because the majority is always wrong, hence 95% of forex traders lose.
To succeed you're on your own and you must not allow the crowd to sway you from your path and this is not easy, when the whole world disagrees with you!
3. Create Your Own Rules
Were used to living by rules that others make for us.
We stop at red traffic lights and we know not to drop litter etc. Our lives are structured and ordered but in the forex markets you have to create your own set of rules to live and survive by as anarchy rules.
These rules not only need to be devised by you, they need to be applied with discipline and for this you need an inner understanding of both your strengths and weaknesses.
4. The Markets will Make You Look Stupid
When you trade forex there is only one right price and that's the market price.
It makes no difference what you believe the price should be, the market price is the correct one.
It doesn't matter how clever you are or how great a trader you will take a position and the market will make you look a fool. Most traders have egos and they simply can't take this. They try and fight the market by moving stops back, revenge trading etc and the market hands them a wipe out.
Understand This or Lose!
If you have read and understood the above you will see that having a robust forex method is not enough to succeed you need to have a mindset that will allow you to execute your forex trading strategy with discipline and this is far harder.
Its not Easy But The Rewards are Enormous
Those traders who think they can consult a guru or buy a system and get given success are wrong - success comes from within and only you can get the mindset above to succeed. This requires you learn skills and when you have learned the skills you need to apply them with confidence and discipline.
If you want to be a forex trader then you need to get the right mindset - if you can do this, a life changing income awaits you.
The first skill you need is:
1. Take Responsibility
Today everyone looks for experts to help them and that's fine, if you want your car fixed but it won't help you in forex trading. You need to accept success comes from within and you need to acquire both the confidence and discipline to execute your forex trading strategy and no one else can do this for you. Your totally on your own.
2. Stand Away From The Crowd
Since Stone Age times man has been used to seeking the safety of the pack, were also very sociable creatures and like to agree with have the majority agree with us.
In forex trading if you run with the pack you will lose because the majority is always wrong, hence 95% of forex traders lose.
To succeed you're on your own and you must not allow the crowd to sway you from your path and this is not easy, when the whole world disagrees with you!
3. Create Your Own Rules
Were used to living by rules that others make for us.
We stop at red traffic lights and we know not to drop litter etc. Our lives are structured and ordered but in the forex markets you have to create your own set of rules to live and survive by as anarchy rules.
These rules not only need to be devised by you, they need to be applied with discipline and for this you need an inner understanding of both your strengths and weaknesses.
4. The Markets will Make You Look Stupid
When you trade forex there is only one right price and that's the market price.
It makes no difference what you believe the price should be, the market price is the correct one.
It doesn't matter how clever you are or how great a trader you will take a position and the market will make you look a fool. Most traders have egos and they simply can't take this. They try and fight the market by moving stops back, revenge trading etc and the market hands them a wipe out.
Understand This or Lose!
If you have read and understood the above you will see that having a robust forex method is not enough to succeed you need to have a mindset that will allow you to execute your forex trading strategy with discipline and this is far harder.
Its not Easy But The Rewards are Enormous
Those traders who think they can consult a guru or buy a system and get given success are wrong - success comes from within and only you can get the mindset above to succeed. This requires you learn skills and when you have learned the skills you need to apply them with confidence and discipline.
If you want to be a forex trader then you need to get the right mindset - if you can do this, a life changing income awaits you.
Forex Trading Secrets Exposed - 3 Lessons From Professional Forex Traders on Forex Trading
Almost 90% of the part time traders that I know of want to become full time forex traders in the near future. And they hope to be professional traders one day. That is the dream for most forex traders. What about you?
In order to survive in the forex trading world and make lots of money from the forex market consistently, being a normal forex trader is not good enough - you'll need to become a professional forex trader. So just what are the secrets that professional forex traders have that enable them to make lots of money trading forex? I once had a conversation with a friend of mine, who is a professional trader. He shared with me the 3 secrets that make professional traders like him very rich:
Secret #1 - Professional traders are not geniuses- they simply follow a simple forex trading system
You see it correctly, they are not any smarter than you nor do they possess of any god-like foresight in forex trading. I dare to say this because I know some professional forex traders who seem to know nothing in this world and clumsy in doing other stuffs but can do extremely well in forex trading. Why is that so?
It's simply because they have a successful forex trading system which gives them good forex trading signals. It helps them trade consistently. What they have to do is to repeat the consistency just by following the trading system. That's about all. And let me tell you a little more secret, professional traders use simple forex trading systems instead complicated, as what most people thought.
Secret #2 - Learn to work smart, not hard
Do you think that you should learn how to trade forex the hard way and gain all the knowledge before you can be successful? Do you think you can master the forex market if you combine all the strategies taught by every forex trading experts? If your answer is yes, you are wrong. In other businesses, you may get rewarded for all the efforts and time you have put into.
But in forex trading, it's the right forex trading tutorials and education that count and you are rewarded for being accurate and not so much for the effort you put in. You will be surprised to know that successful traders only follow a winning trading system blindly to build up their trading capital.
Secret #3 - They possess determination, discipline, money management and mindset for success
My professional forex trader friend once told me that he would leave everything aside just to concentrate on his forex trading. It's his determination to succeed that made him overcome small losses and steep learning curves that he experienced in the beginning. He told me the problem with most traders is that they are too eager to trade and make money fast from the forex market.
You need to have discipline to follow the rules of your forex trading system. Huge capital gains in forex are piled up over years and not days, there is no shortcut to riches. He manages his money so well that even 2 or 3 losses in a row will not affect his trading capital much. 1% or even 0.5% of his capital margin per trade is what he is only willing to risk.
Not everyone can be a professional trader in a short period of time as you need huge capital, but anyone can become successful in forex trading if you learn how to trade forex the professional way.
In order to survive in the forex trading world and make lots of money from the forex market consistently, being a normal forex trader is not good enough - you'll need to become a professional forex trader. So just what are the secrets that professional forex traders have that enable them to make lots of money trading forex? I once had a conversation with a friend of mine, who is a professional trader. He shared with me the 3 secrets that make professional traders like him very rich:
Secret #1 - Professional traders are not geniuses- they simply follow a simple forex trading system
You see it correctly, they are not any smarter than you nor do they possess of any god-like foresight in forex trading. I dare to say this because I know some professional forex traders who seem to know nothing in this world and clumsy in doing other stuffs but can do extremely well in forex trading. Why is that so?
It's simply because they have a successful forex trading system which gives them good forex trading signals. It helps them trade consistently. What they have to do is to repeat the consistency just by following the trading system. That's about all. And let me tell you a little more secret, professional traders use simple forex trading systems instead complicated, as what most people thought.
Secret #2 - Learn to work smart, not hard
Do you think that you should learn how to trade forex the hard way and gain all the knowledge before you can be successful? Do you think you can master the forex market if you combine all the strategies taught by every forex trading experts? If your answer is yes, you are wrong. In other businesses, you may get rewarded for all the efforts and time you have put into.
But in forex trading, it's the right forex trading tutorials and education that count and you are rewarded for being accurate and not so much for the effort you put in. You will be surprised to know that successful traders only follow a winning trading system blindly to build up their trading capital.
Secret #3 - They possess determination, discipline, money management and mindset for success
My professional forex trader friend once told me that he would leave everything aside just to concentrate on his forex trading. It's his determination to succeed that made him overcome small losses and steep learning curves that he experienced in the beginning. He told me the problem with most traders is that they are too eager to trade and make money fast from the forex market.
You need to have discipline to follow the rules of your forex trading system. Huge capital gains in forex are piled up over years and not days, there is no shortcut to riches. He manages his money so well that even 2 or 3 losses in a row will not affect his trading capital much. 1% or even 0.5% of his capital margin per trade is what he is only willing to risk.
Not everyone can be a professional trader in a short period of time as you need huge capital, but anyone can become successful in forex trading if you learn how to trade forex the professional way.
Forex Systems: 5 Strategies That Help You
Friday, August 21, 2009
In Forex trading, having foolproof systems will be a key factor to your success. Now the million-dollar-question is, how do you establish one? Below are some strategies you can use in order for you to find a system that will give you the edge in Forex Trading.
Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.
A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.
Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?
Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.
Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.
Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.
Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.
Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.
This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.
If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.
Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.
A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.
Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?
Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.
Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.
Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.
Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.
Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.
This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.
If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.
Forex Scalping Systems
Forex scalping has gained high popularity nowadays. We welcome you to explore our free and steady growing collection of Forex scalping strategies and ideas!
Yes, true scalping involves risks as well as any other type of trading.
But if done correctly Forex scalping provides an additional degree of risk management as a result of holding trading positions for a very short period of time as well as constant monitoring of the price and collecting quick profits as they appear.
Please, do not forget to read our disclaimer policy. In short, Forex scalping systems you find below if used will assume trader's own risk and full responsibility.
Scalping Forex is fun. Learn it and trade profitably!
Yes, true scalping involves risks as well as any other type of trading.
But if done correctly Forex scalping provides an additional degree of risk management as a result of holding trading positions for a very short period of time as well as constant monitoring of the price and collecting quick profits as they appear.
Please, do not forget to read our disclaimer policy. In short, Forex scalping systems you find below if used will assume trader's own risk and full responsibility.
Scalping Forex is fun. Learn it and trade profitably!
Forex Scalping
Forex Scalping can also be called a quick trading. It is a method where traders allow their positions to last only for a matter of seconds, to a full minute and rarely longer than that.(As a rule if a trader holds to a position for more than a minute or two it is considered no longer a scalping, but rather a regular trading.)
The purpose of scalping is making small profits while exposing a trading account to a very limited risk, which is due to a quick open/close trading mode.
There wouldn’t be any point in scalping for many traders if they weren’t offered to trade with highly leveraged accounts. Only ability to operate with large funds of, actually, still virtual money, empowers traders to profit from even a 2-3 pip move
How do they do it? Suppose a scalper opens a trading position of 100 000 units with EUR/USD. For each pip he will now earn $10… Closing in with only a 3 pip profit brings it up to $30 — not bad for less than a minute of work…
Now, you would probably ask what Forex brokers think about it, because if a scalper constantly wins, the broker would obviously sustain some losses.That is why the other popular discussion topic is always at scalpers’ attention: What Forex broker would allow you to scalp the market?
Obviously, dealing desk brokers would not agree with scalpers’ trading style and most likely will ask a trader to change his/her trading habits or to find another broker. But, even if a scalper stays in, there is another method to slow scalper's performance down and it is to set delays between an initiation of the order and its actual filling. The reason behind it is that dealing desk brokers need time to countertrade/process each order to prevent own losses in case a trader closes in profit.
The broker that will not object to scalping is the one that has the best trades processing automated platform. Using straight through processing there is no intervention between a trader and a market maker — the software is taking care of the whole business process. So, it’s more likely a broker with a “slow” business processing platform would object to scalper’s trading style.
The purpose of scalping is making small profits while exposing a trading account to a very limited risk, which is due to a quick open/close trading mode.
There wouldn’t be any point in scalping for many traders if they weren’t offered to trade with highly leveraged accounts. Only ability to operate with large funds of, actually, still virtual money, empowers traders to profit from even a 2-3 pip move
How do they do it? Suppose a scalper opens a trading position of 100 000 units with EUR/USD. For each pip he will now earn $10… Closing in with only a 3 pip profit brings it up to $30 — not bad for less than a minute of work…
Now, you would probably ask what Forex brokers think about it, because if a scalper constantly wins, the broker would obviously sustain some losses.That is why the other popular discussion topic is always at scalpers’ attention: What Forex broker would allow you to scalp the market?
Obviously, dealing desk brokers would not agree with scalpers’ trading style and most likely will ask a trader to change his/her trading habits or to find another broker. But, even if a scalper stays in, there is another method to slow scalper's performance down and it is to set delays between an initiation of the order and its actual filling. The reason behind it is that dealing desk brokers need time to countertrade/process each order to prevent own losses in case a trader closes in profit.
The broker that will not object to scalping is the one that has the best trades processing automated platform. Using straight through processing there is no intervention between a trader and a market maker — the software is taking care of the whole business process. So, it’s more likely a broker with a “slow” business processing platform would object to scalper’s trading style.
Forex Advanced strategies
Along with Forex complex trading strategies this page is expected to gradually reveal our so called Forex advanced trading strategies.
These strategies will have a strong background, sound theoretical base and will represent known to us trading techniques and rules used by experienced Forex traders. We also going to share trading strategies that we use in our Forex trading practice.
Don't forget to read our disclaimer policy.
Also remember that any trading involves risks and there is no trading system which is immune to losses. Your experience may easily start with a losing trade, so before giving up on a system, make sure you've tested it well.
Your discipline is and will always be the key to success. Follow the rules strictly, if modified, write these changes down and do not alter as you trade.
It is promised to be a good experience!
However, there will be no miracles. Those strategies will not be revolutionary Forex strategies of all times or some "Holy Grail" systems to bring you millions, at least we cannot promise that.What we can promise is that there will be a lot of stuff to learn and ideas to try out.
These strategies will have a strong background, sound theoretical base and will represent known to us trading techniques and rules used by experienced Forex traders. We also going to share trading strategies that we use in our Forex trading practice.
Don't forget to read our disclaimer policy.
Also remember that any trading involves risks and there is no trading system which is immune to losses. Your experience may easily start with a losing trade, so before giving up on a system, make sure you've tested it well.
Your discipline is and will always be the key to success. Follow the rules strictly, if modified, write these changes down and do not alter as you trade.
It is promised to be a good experience!
However, there will be no miracles. Those strategies will not be revolutionary Forex strategies of all times or some "Holy Grail" systems to bring you millions, at least we cannot promise that.What we can promise is that there will be a lot of stuff to learn and ideas to try out.
Forex MegaDroid
Forex MegaDroid is the direct outcome from 38 years of learning and experiencing of two forex trader, Albert Perrie and John Grace, two professional minds can produce what 1,001 unprofessional minds can’t.
Most Forex trading robots work well under certain market conditions, but fail completely when the market changes.
Forex MegaDroid is an scalping system that, year after year, steadily and consistently producing a much as 100% net profit per month.
Forex MegaDroid uses the brand new RCTPA (Reverse Correlated Time And Price Analysis) technology, that can see into the immediate 2 to 4 hours future, it trade with 95.82% accuracy in EVERY Single Market Condition.
They provide both back-test result and real money live trading statement, the result is just amazing,
2009: 718.96% (141 days)
2008: 623.84%
2007: 612.91%
2006: 333.05%
2005: 810.70%
2005: 810.70%
Another selling point is its built-in mechanism that makes it invisible to Forex brokers.
Some forex brokers will raise the spread on the currency pair you are trading during specific hours the robot trades (making the robot not profitable anymore). Forex MegaDroid is the only robot that has this ”invisible” mechanism to ensure you a smooth trading environment without any hustles or problems.
Forex MegaDroid come with 60 day 100% money back guarantee, so you have enough time to test it, and can get all your money back if you don’t like the result.
Most Forex trading robots work well under certain market conditions, but fail completely when the market changes.
Forex MegaDroid is an scalping system that, year after year, steadily and consistently producing a much as 100% net profit per month.
Forex MegaDroid uses the brand new RCTPA (Reverse Correlated Time And Price Analysis) technology, that can see into the immediate 2 to 4 hours future, it trade with 95.82% accuracy in EVERY Single Market Condition.
They provide both back-test result and real money live trading statement, the result is just amazing,
2009: 718.96% (141 days)
2008: 623.84%
2007: 612.91%
2006: 333.05%
2005: 810.70%
2005: 810.70%
Another selling point is its built-in mechanism that makes it invisible to Forex brokers.
Some forex brokers will raise the spread on the currency pair you are trading during specific hours the robot trades (making the robot not profitable anymore). Forex MegaDroid is the only robot that has this ”invisible” mechanism to ensure you a smooth trading environment without any hustles or problems.
Forex MegaDroid come with 60 day 100% money back guarantee, so you have enough time to test it, and can get all your money back if you don’t like the result.
Forex Automoney
Forex AutoMoney is a forex signal provider that sends intraday, daily, and weekly forex traders to its subscribers.
The signals from Forex AutoMoney have a date and time stamp and they also provide you an entry point, a stop loss point and a take profit point. The software that they base their trade signals from were created by mathematicians and programs.
Below is an example of actual trading signals from Forex AutoMoney system,
Currency Pair: EUR/USD
Type of Trade: BUY
Time to Enter: 10:00 EST
Get Profit: 120 Pips
Stop Loss: 50 Pips
Forex AutoMoney claims on their website that in a 10 day span, their signals generated over $46,000 in profits.
Forex AutoMoney is not a robot, you need make the trade yourself base on signals generate by Forex AutoMoney system, and because of that, you can trade with any platform.
Currently, its signal cover about 18 currency pairs.
Forex AutoMoney offer 3 days trial for $4.95, then $99 per month there after.
The signals from Forex AutoMoney have a date and time stamp and they also provide you an entry point, a stop loss point and a take profit point. The software that they base their trade signals from were created by mathematicians and programs.
Below is an example of actual trading signals from Forex AutoMoney system,
Currency Pair: EUR/USD
Type of Trade: BUY
Time to Enter: 10:00 EST
Get Profit: 120 Pips
Stop Loss: 50 Pips
Forex AutoMoney claims on their website that in a 10 day span, their signals generated over $46,000 in profits.
Forex AutoMoney is not a robot, you need make the trade yourself base on signals generate by Forex AutoMoney system, and because of that, you can trade with any platform.
Currently, its signal cover about 18 currency pairs.
Forex AutoMoney offer 3 days trial for $4.95, then $99 per month there after.
FX Online Trading Strategies That Work
Thursday, August 20, 2009
FX online trading strategies are often hyped. People present their forex strategies as the best thing since sliced bread. All of the forex trading strategies are not going to work well for everyone, every time. Some will work better than others. If you are trying to make money online trading currencies as a forex trader, you need to know which forex strategies that work, and allow you to make more profits. Here are three forex trading strategies that are used regularly by experienced traders. Remember, these are straightforward forex strategies that are easy to implement, not unlike information that you might find in a Stock Market Investing For Beginners guide.
If you are looking for stock market updates, whether you are looking for old established blue chip stocks, you can get detailed stock market information about NSE & BSE Sensex news, stock chart, currency converter, current stock quotes and the basic stock market questions at PaisaWaisa. But here at Online Forex Trading, we will present you with three great forex trading strategies that work.
One forex trading strategy that you can use is called scalping. Scalping is a strategy that is used by traders who are looking for profits with minimal risk. With low risk, typically comes low return. That’s the case here, but since the risk is low, you can have predictable, reliable profits.
Another forex trading strategy that you can use requires that you first determine the position you will have to take on a particular currency pair. Once you have decided this, you can then put a buy or sell stop order to that trade. Then you don’t need to closely monitor the currency pair’s price movements. If there is a price break, due you will either gain or lose, depending upon the up or down movement of your currency pair.
Many successful forex currency traders indicate that, if you want to be successful in forex trading, you need to go with the trend. You can determine trends by using the pivotal points and reviewing the market to spot trends on any particular currency pair. Once you learn how to spot a trend, you can then place either a long or short position on that currency pair, depending on your perception of the trend that you have spotted.
A good, profitable forex trading strategy to allow you to earn money with Forex trading is the three day rolling pivots. The rolling pivot range, acts as a reference point for entering and exiting trades. It provides traders with a point of reference to quickly exit losing positions. One of its best functions is that it helps prevent a trader from turning winning positions into losing ones. This strategy is easy to follow, and a straightforward, basic way of gaining profits in the forex market. To set up your three day central pivot points, you need to use a pivot calculator. There are three sets of central pivot points. Consider these three sets of numbers that you have established as a range, with the largest number being positioned at the top, and the other two below. Earn money with Forex Marketforex.net specializes and helps traders to earn from each and every trade with minimum risk involved.
There are certain strategies that will work in many situations. Other strategies may be more difficult to trade successfully. Regardless, you need to learn the basics of forex trading in order to become successful. In the same way, a stock trader needs to become well versed in their craft in order to buy blue chip stocks, or start buying penny stocks. If you don’t want to spend the time learning what you need to know, you are better off putting your money in a savings account and letting in earn interest. At least, you wouldn’t be risking your hard earned cash. In all trading environments, you need to understand the basics, before you can move on to making money trading currencies, stocks, or anything else for that matter.
LavaLinx is an elaborate links management system with PROVEN results in Internet Marketing.
New FX online trading strategies being created every day. You need to consider that when you trade on top of the high point of this three day range, you will have a better chance of succeeding when you go for a short position. And when you trade under the smaller number of the range your chances of succeeding will be much better if you go for a long position.
If you are looking for stock market updates, whether you are looking for old established blue chip stocks, you can get detailed stock market information about NSE & BSE Sensex news, stock chart, currency converter, current stock quotes and the basic stock market questions at PaisaWaisa. But here at Online Forex Trading, we will present you with three great forex trading strategies that work.
One forex trading strategy that you can use is called scalping. Scalping is a strategy that is used by traders who are looking for profits with minimal risk. With low risk, typically comes low return. That’s the case here, but since the risk is low, you can have predictable, reliable profits.
Another forex trading strategy that you can use requires that you first determine the position you will have to take on a particular currency pair. Once you have decided this, you can then put a buy or sell stop order to that trade. Then you don’t need to closely monitor the currency pair’s price movements. If there is a price break, due you will either gain or lose, depending upon the up or down movement of your currency pair.
Many successful forex currency traders indicate that, if you want to be successful in forex trading, you need to go with the trend. You can determine trends by using the pivotal points and reviewing the market to spot trends on any particular currency pair. Once you learn how to spot a trend, you can then place either a long or short position on that currency pair, depending on your perception of the trend that you have spotted.
A good, profitable forex trading strategy to allow you to earn money with Forex trading is the three day rolling pivots. The rolling pivot range, acts as a reference point for entering and exiting trades. It provides traders with a point of reference to quickly exit losing positions. One of its best functions is that it helps prevent a trader from turning winning positions into losing ones. This strategy is easy to follow, and a straightforward, basic way of gaining profits in the forex market. To set up your three day central pivot points, you need to use a pivot calculator. There are three sets of central pivot points. Consider these three sets of numbers that you have established as a range, with the largest number being positioned at the top, and the other two below. Earn money with Forex Marketforex.net specializes and helps traders to earn from each and every trade with minimum risk involved.
There are certain strategies that will work in many situations. Other strategies may be more difficult to trade successfully. Regardless, you need to learn the basics of forex trading in order to become successful. In the same way, a stock trader needs to become well versed in their craft in order to buy blue chip stocks, or start buying penny stocks. If you don’t want to spend the time learning what you need to know, you are better off putting your money in a savings account and letting in earn interest. At least, you wouldn’t be risking your hard earned cash. In all trading environments, you need to understand the basics, before you can move on to making money trading currencies, stocks, or anything else for that matter.
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New FX online trading strategies being created every day. You need to consider that when you trade on top of the high point of this three day range, you will have a better chance of succeeding when you go for a short position. And when you trade under the smaller number of the range your chances of succeeding will be much better if you go for a long position.
FOREX FINANCE
How Credit Card Counseling Agency Works
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Circumventing The Desire for An Instant Payday Loan
Everyone is adequately concerned of the abstract of evolving your finances to prevent the struggle of with currency loans. Yet there are a surfeit of shoppers whom are not enlightened of what they are able assuredly to do in their concealed efficient state to sidestep these repute ranks.
A Few Words of Wisdom on Pay Day Loan Services
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The Total Number of Ordinary Folks Who Are Needing Pay Day Loans Is Rising
Probably the most chief aspects you must acknowledge before seeking a currency finance is the actual scene and if you could honestly name the lend. The intent of the income momentum is to be a hasty emulsion to a monetary urgency.
Pay Off Emergency Payday Loan Advances Quickly To Save Hard Earned Money
Everyone has been in a site where we basic extra money to help handle all our debts. Things have a susceptibility to just sneak up on us, and this can be a chief conundrum when it concerns making trusty that we wish the accurate economical moves possible.
Who Is Qualified for Short Term Pay Day Loan Advances
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Before you go about getting manually difficult in a tribute counseling tune or bureau be really that it is the accurate fit for your particular state. After that make steady that the benefit that you go with is in good repute or you are open to set yourself up for crash in the long run. Just like any result or service that you would be looking to get be solid to always do all your examine and find the best one that will work the best for you.
Circumventing The Desire for An Instant Payday Loan
Everyone is adequately concerned of the abstract of evolving your finances to prevent the struggle of with currency loans. Yet there are a surfeit of shoppers whom are not enlightened of what they are able assuredly to do in their concealed efficient state to sidestep these repute ranks.
A Few Words of Wisdom on Pay Day Loan Services
In the last team of being the US has seen a substantial enlarge of notes expand stores screening up in plazas in almost every city.
The Total Number of Ordinary Folks Who Are Needing Pay Day Loans Is Rising
Probably the most chief aspects you must acknowledge before seeking a currency finance is the actual scene and if you could honestly name the lend. The intent of the income momentum is to be a hasty emulsion to a monetary urgency.
Pay Off Emergency Payday Loan Advances Quickly To Save Hard Earned Money
Everyone has been in a site where we basic extra money to help handle all our debts. Things have a susceptibility to just sneak up on us, and this can be a chief conundrum when it concerns making trusty that we wish the accurate economical moves possible.
Who Is Qualified for Short Term Pay Day Loan Advances
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Forex Pivot Points
Pivot points is well known techniques worn to trade in financial markets. We will confer how to employ this great practice to the Forex sell, as well as alternative uses for spin points.
It is nifty to have a map and be able to see where the estimate is qualified to earlier advertise action. This way we can see how is the sentiment of traders and investors at any given flash, it also gives us a general idea of where the bazaar is banner during the day. This information could help us determine which way to trade
Pivot points, a method urbanized by flummox traders, help us see where the cost is relation to before souk action.
As a definition, a hinge meaning is a turning thing or provision. The same applies to the Forex bazaar, the rotate argument is a plane in which the sentiment of the bazaar changes from “bull” to “stand” or junior versa. If the promote breaks this alongside up, then the sentiment is said to be a bull advertise and it is probable to continue its way up, on the other hand, if the souk breaks this flat down, then the sentiment stomach, and it is estimated to continue its way down. Also at this even, the advertise is estimated to have some kind of provision/resistance, and if penalty can’t disregard the axis crux, a probable bounce from it is plausible.
Pivot points work best on favorably liquid markets, like the whitehead currency market, but they can also be used in other markets as well.
Pivot Points
In a few lexis, hinge place is a equal in which the sentiment of traders and investors changes from bull to tolerate or secondary versa
Why PP work?
They work just because many individual traders and investors use and syndicate them, as well as stack and institutional traders. It is known to every dealer that the axis spot is an important quantity of might and weakness of any market.
Calculating rotate points
There are some ways to disembark to the Pivot feature. The method we found to have the most accurate fallout is calculated by charming the usual of the high, low and close of a before time (or meeting).
What does this number tell us?
It modestly tells us that if the market is trading above 1.2439, Bulls are engaging the contest nearly the prices elevated. And if the market is trading below this 1.2439 the bears are endearing the skirmish pulling prices lesser. On both cases this clause is likely to sustain until the next meeting.
Since the Forex market is a 24hr market (no close or open from day-to-day) there is an eternal battle on deciding at colorless time we should take the open, close, high and low from each session. From our moment of outlook, the time that create more accurate predictions is pleasing the open at 00:00 GMT and the close at 23:59 GMT
Besides the calculation of the PP, there are other prop and resistance levels that are calculated winning the PP as a quotation
It is nifty to have a map and be able to see where the estimate is qualified to earlier advertise action. This way we can see how is the sentiment of traders and investors at any given flash, it also gives us a general idea of where the bazaar is banner during the day. This information could help us determine which way to trade
Pivot points, a method urbanized by flummox traders, help us see where the cost is relation to before souk action.
As a definition, a hinge meaning is a turning thing or provision. The same applies to the Forex bazaar, the rotate argument is a plane in which the sentiment of the bazaar changes from “bull” to “stand” or junior versa. If the promote breaks this alongside up, then the sentiment is said to be a bull advertise and it is probable to continue its way up, on the other hand, if the souk breaks this flat down, then the sentiment stomach, and it is estimated to continue its way down. Also at this even, the advertise is estimated to have some kind of provision/resistance, and if penalty can’t disregard the axis crux, a probable bounce from it is plausible.
Pivot points work best on favorably liquid markets, like the whitehead currency market, but they can also be used in other markets as well.
Pivot Points
In a few lexis, hinge place is a equal in which the sentiment of traders and investors changes from bull to tolerate or secondary versa
Why PP work?
They work just because many individual traders and investors use and syndicate them, as well as stack and institutional traders. It is known to every dealer that the axis spot is an important quantity of might and weakness of any market.
Calculating rotate points
There are some ways to disembark to the Pivot feature. The method we found to have the most accurate fallout is calculated by charming the usual of the high, low and close of a before time (or meeting).
What does this number tell us?
It modestly tells us that if the market is trading above 1.2439, Bulls are engaging the contest nearly the prices elevated. And if the market is trading below this 1.2439 the bears are endearing the skirmish pulling prices lesser. On both cases this clause is likely to sustain until the next meeting.
Since the Forex market is a 24hr market (no close or open from day-to-day) there is an eternal battle on deciding at colorless time we should take the open, close, high and low from each session. From our moment of outlook, the time that create more accurate predictions is pleasing the open at 00:00 GMT and the close at 23:59 GMT
Besides the calculation of the PP, there are other prop and resistance levels that are calculated winning the PP as a quotation
FOREX ANALYSIS
First what is Forex: The FOREX or Foreign Exchange souk is the principal economic advertise in the world, with a level of more than $1.5 trillion daily, trade in currencies. Unlike other financial markets, the Forex advertise has no corporeal location, no focal chat. It operates through an electronic group of banks, corporations and individuals trading one currency for another.
When you show to flinch trading in the Forex advertise, which is regularly called the alien trade bazaar, you will ought to know a little trading vocabulary. Learning exclusive provisos and what they mean are critical before you even think about with factual money to trade. You would never get into a pilot’s seat and try to fly an aircraft without ever having taken hasty training. The same goes for overseas trade souk trading. You basic to be copious awake of what you are liability. This is a bazaar that is not fast cultured, so you should never believe that once you flinch into it, you will learn as you go. While some people opt to do that, they typically end trailing an adequate sum of money because they were not as ready as they should have been. Knowing the importance of trading trends and ranges in Forex trading is very important. If you view of trading in the Forex sell, be indeed you know what the language mean and their implications.
Trading Trend When assessed moves consistently in one tendency in the Forex, a trend occurs. When the objective is superior, the trend is regularly called confident. When the bearing of the estimate is stirring reduce, the trend is regularly called bearish. The language are relation of course. When you label a trend, you should always memorize that value peaks and troughs are in the same command. When you are industry with a bearish trend, recollect that charge highs and lows are pitiful inferior. Likewise when you are selling with a bullish trend, they are pitiful superior
Often when trends occur, it is doable to draw proof position under one that is poignant advanced (an uptrend). You can also often draw defiant outline above one that is tender lower (a downtrend). Once you see these position chance, it can be tacit that the trend is full. At this advantage there is a possibility that the trend will start to exchange. When it does invert, you will need to know the mold of what that entails.
Trend Reversal
When you gather of a trend reverse, it cleanly means that the direction of bazaar prices is varying. Often you will see trend reversals following a four stage copy. Usually, this includes the market making a new high, the trend line being broken, the market making an intermediate low, and a new assemble that does not equal the first high. Many times you will see prices solve the before low however. You may come across terms such as Double, Triple Tops, and Bottoms, which are all trend problem patterns. Head and shoulders patterns are also admired reversal patterns.
When you show to flinch trading in the Forex advertise, which is regularly called the alien trade bazaar, you will ought to know a little trading vocabulary. Learning exclusive provisos and what they mean are critical before you even think about with factual money to trade. You would never get into a pilot’s seat and try to fly an aircraft without ever having taken hasty training. The same goes for overseas trade souk trading. You basic to be copious awake of what you are liability. This is a bazaar that is not fast cultured, so you should never believe that once you flinch into it, you will learn as you go. While some people opt to do that, they typically end trailing an adequate sum of money because they were not as ready as they should have been. Knowing the importance of trading trends and ranges in Forex trading is very important. If you view of trading in the Forex sell, be indeed you know what the language mean and their implications.
Trading Trend When assessed moves consistently in one tendency in the Forex, a trend occurs. When the objective is superior, the trend is regularly called confident. When the bearing of the estimate is stirring reduce, the trend is regularly called bearish. The language are relation of course. When you label a trend, you should always memorize that value peaks and troughs are in the same command. When you are industry with a bearish trend, recollect that charge highs and lows are pitiful inferior. Likewise when you are selling with a bullish trend, they are pitiful superior
Often when trends occur, it is doable to draw proof position under one that is poignant advanced (an uptrend). You can also often draw defiant outline above one that is tender lower (a downtrend). Once you see these position chance, it can be tacit that the trend is full. At this advantage there is a possibility that the trend will start to exchange. When it does invert, you will need to know the mold of what that entails.
Trend Reversal
When you gather of a trend reverse, it cleanly means that the direction of bazaar prices is varying. Often you will see trend reversals following a four stage copy. Usually, this includes the market making a new high, the trend line being broken, the market making an intermediate low, and a new assemble that does not equal the first high. Many times you will see prices solve the before low however. You may come across terms such as Double, Triple Tops, and Bottoms, which are all trend problem patterns. Head and shoulders patterns are also admired reversal patterns.
Dollar Loses Ground To Euro, Yen As Stocks Gain
Wednesday, August 19, 2009
Wed, Aug 19 2009, 19:16 GMT
http://www.djnewswires.com/eu
Dollar Loses Ground To Euro, Yen As Stocks Gain
By Bradley Davis Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The euro is up Wednesday afternoon against the dollar, tracking a rise in U.S. stocks.
The euro's uptick bucks the sentiment set overnight in Asian trading, when a selloff in stocks sent currency traders into the safe-haven dollar and yen.
The euro reached a session high of $1.4268 around midday in New York trading, according to EBS via CQG.
The common currency found additional support on a rise in crude oil futures after the Department of Energy reported a decline in crude oil inventories.
Also, traders likely piled into the euro after it hit some closely-watched technical levels. Thin, summer trading conditions may have exaggerated the effect on the market, particularly as much of the activity occurred around the exit of the London session.
Wednesday afternoon in New York, the euro was at $1.4240, up from $1.4135 late Tuesday, according to EBS via CQG. The dollar traded at Y93.98, down from Y94.70, and the euro was at Y133.83, little changed from Y133.84. The U.K. pound has fallen slightly to $1.6540 from $1.6571, and the dollar was at CHF1.0644, off from CHF1.0757. However, ongoing economic uncertainty is still apparent in the market as the euro looks under pressure against the yen.
In earlier trade, the yen had moved to its highest levels in about a month versus the euro and dollar. The euro fell as low as Y132.17, while the dollar fell to Y93.66. "The yen is notably outperforming the dollar in the safe-haven currency race, perhaps owing to lingering doubts about the U.S. economic prospects," said Vassili Serebriakov, Wells Fargo currency strategist.
Although the euro has recovered overnight losses against the dollar, the U.K. pound remains under pressure after the release of the latest Bank of England meeting minutes. It showed policy makers debated increasing the U.K.'s bond-buying program even more than they actually did - a sign that quantitative easing won't soon cease. This reversed some pound-bullish bets activated Tuesday on stronger-than-expected U.K. inflation data.
By Bradley Davis, Dow Jones Newswires; (212) 416-2654; bradley.davis@dowjones.com
(Riva Froymovich in New York and Don Curren and Paul Evans in Toronto contributed to this report.)
TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=ugc2yHDfYQ%2FMUXvihxQZog%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 19, 2009 15:16 ET (19:16 GMT)
Copyright 2009 Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
Dollar Loses Ground To Euro, Yen As Stocks Gain
By Bradley Davis Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The euro is up Wednesday afternoon against the dollar, tracking a rise in U.S. stocks.
The euro's uptick bucks the sentiment set overnight in Asian trading, when a selloff in stocks sent currency traders into the safe-haven dollar and yen.
The euro reached a session high of $1.4268 around midday in New York trading, according to EBS via CQG.
The common currency found additional support on a rise in crude oil futures after the Department of Energy reported a decline in crude oil inventories.
Also, traders likely piled into the euro after it hit some closely-watched technical levels. Thin, summer trading conditions may have exaggerated the effect on the market, particularly as much of the activity occurred around the exit of the London session.
Wednesday afternoon in New York, the euro was at $1.4240, up from $1.4135 late Tuesday, according to EBS via CQG. The dollar traded at Y93.98, down from Y94.70, and the euro was at Y133.83, little changed from Y133.84. The U.K. pound has fallen slightly to $1.6540 from $1.6571, and the dollar was at CHF1.0644, off from CHF1.0757. However, ongoing economic uncertainty is still apparent in the market as the euro looks under pressure against the yen.
In earlier trade, the yen had moved to its highest levels in about a month versus the euro and dollar. The euro fell as low as Y132.17, while the dollar fell to Y93.66. "The yen is notably outperforming the dollar in the safe-haven currency race, perhaps owing to lingering doubts about the U.S. economic prospects," said Vassili Serebriakov, Wells Fargo currency strategist.
Although the euro has recovered overnight losses against the dollar, the U.K. pound remains under pressure after the release of the latest Bank of England meeting minutes. It showed policy makers debated increasing the U.K.'s bond-buying program even more than they actually did - a sign that quantitative easing won't soon cease. This reversed some pound-bullish bets activated Tuesday on stronger-than-expected U.K. inflation data.
By Bradley Davis, Dow Jones Newswires; (212) 416-2654; bradley.davis@dowjones.com
(Riva Froymovich in New York and Don Curren and Paul Evans in Toronto contributed to this report.)
TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=ugc2yHDfYQ%2FMUXvihxQZog%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 19, 2009 15:16 ET (19:16 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Brazil Real Closes Stronger As Risk Aversion Eases
Tuesday, August 18, 2009
Tue, Aug 18 2009, 19:44 GMT
http://www.djnewswires.com/eu
Brazil Real Closes Stronger As Risk Aversion Eases
By Alastair Stewart
Of DOW JONES NEWSWIRES
SAO PAULO (Dow Jones)--The Brazilian real closed stronger against the U.S. dollar Tuesday as global investors recovered some appetite for risk.
The real ended at BRL1.847 per dollar on the BM&FBovespa exchange, stronger than Monday's close of BRL1.867.
International risk appetite stabilized after Monday's jitters following decent European data, which reflected gains in equity markets. Declining producer price data in the U.S. only served to underline ideas that the U.S. economy was still very weak. But local investor nerves eased after U.S. stocks rose Tuesday.
Meanwhile, local inflation remained under control. The consumer price index for Brazil's largest city, Sao Paulo, rose 0.43% in the period, compared with a rise of 0.35% seen in the four weeks ended Aug. 7. The figure was in line with market forecasts for an increase of between 0.35% and 0.45%.
As for credit markets Tuesday, interest rate futures contracts on the BM&FBovespa exchange were flat to slightly higher, despite the benign local inflation outlook, on positive European economic indicators and rising employment data here.
The Labor Ministry reported that a net of 138,402 posts were created in July, up 0.4% from the previous month.
The most actively traded interest rate futures contract, that of January 2010, closed flat at 8.60%.
The contracts reflect investor expectations for annualized interest rates at future dates.
-By Alastair Stewart, Dow Jones Newswires; 5511 2847-4520; alastair.stewart@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=O7IvTgey%2BvZ8RaYPx9d70w%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 18, 2009 15:44 ET (19:44 GMT)Copyright 2009
Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
Brazil Real Closes Stronger As Risk Aversion Eases
By Alastair Stewart
Of DOW JONES NEWSWIRES
SAO PAULO (Dow Jones)--The Brazilian real closed stronger against the U.S. dollar Tuesday as global investors recovered some appetite for risk.
The real ended at BRL1.847 per dollar on the BM&FBovespa exchange, stronger than Monday's close of BRL1.867.
International risk appetite stabilized after Monday's jitters following decent European data, which reflected gains in equity markets. Declining producer price data in the U.S. only served to underline ideas that the U.S. economy was still very weak. But local investor nerves eased after U.S. stocks rose Tuesday.
Meanwhile, local inflation remained under control. The consumer price index for Brazil's largest city, Sao Paulo, rose 0.43% in the period, compared with a rise of 0.35% seen in the four weeks ended Aug. 7. The figure was in line with market forecasts for an increase of between 0.35% and 0.45%.
As for credit markets Tuesday, interest rate futures contracts on the BM&FBovespa exchange were flat to slightly higher, despite the benign local inflation outlook, on positive European economic indicators and rising employment data here.
The Labor Ministry reported that a net of 138,402 posts were created in July, up 0.4% from the previous month.
The most actively traded interest rate futures contract, that of January 2010, closed flat at 8.60%.
The contracts reflect investor expectations for annualized interest rates at future dates.
-By Alastair Stewart, Dow Jones Newswires; 5511 2847-4520; alastair.stewart@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=O7IvTgey%2BvZ8RaYPx9d70w%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 18, 2009 15:44 ET (19:44 GMT)Copyright 2009
Dow Jones & Company, Inc.
CURRENCIES: Dollar, Yen Rise As Stocks, Commodities Tumble
Monday, August 17, 2009
Mon, Aug 17 2009, 16:21 GMT
http://www.djnewswires.com/eu
CURRENCIES: Dollar, Yen Rise As Stocks, Commodities Tumble
By William L. Watts
Both the dollar and the Japanese yen got bid higher on safe-haven appeal Monday as currency traders digested a weaker-than-expected rebound in Japan's economy and a steep fall overnight in Chinese shares.
Chinese stocks suffered their worst plunge since November, hammered by falling commodity prices and concerns over liquidity-tightening measures. The Shanghai Composite Index dropped 5.8% to 2,830.63, as Shenzhen's main share index plunged 6.6%
The overnight sell-off in Asian equities "dragged all of the major currency pairs lower, but this morning's better-than-expected U.S. data should ease safe haven flows into the U.S. dollar," said Kathy Lien, director of currency research at Global Forex Trading.
Lien was referring to the Federal Reserve Bank of New York, which reported that the Empire State index rose to 12.1 from negative 0.6 in July. It marked the first positive reading since April 2008 and was the highest showing for this gauge tracking manufacturing activity in the New York region since November 2007.
The dollar index (DXY), which measures the U.S. unit against a basket of six major currencies, rose to 79.369, up from 78.906 late Friday.
Japan's gross domestic product grew by 0.9% in the second quarter, slightly weaker than expected, compared to the first three months of the year amid increased exports and a rise in private spending. Worries remained about business spending, analysts said, which dropped for a fifth consecutive quarter as Japanese companies delayed capital expenditures on new plants and equipment
"The yen has continued last week's pattern of outperforming the major currencies including the U.S. dollar," said strategists at Brown Brothers Harriman. The Japanese GDP data "failed to limit yen gains as markets focused on falling equity markets, particularly China's equity meltdown," they wrote.
The dollar fell to 94.25 yen, down from 94.86 yen in North American trading late Friday.
The euro fell to its lowest level against the Japanese currency in more than two weeks recently changing hands at 132.65 yen, a loss of 1.3% on the session. Japan's Nikkei 225 Average ended down 3.1%, although the GDP data meant that the world's second-largest economy pulled out of recession in the April-through-June quarter.
The euro traded at $1.4063, down from $1.4169 late Friday, and the British pound bought $1.6292, down from $1.6494.
Meanwhile, selling pressure also built on higher-yielding currencies, such as the Australian dollar.
In energy futures, the benchmark contract traded down more than 2%, breaking below the $66-a-barrel mark.
The Australian dollar fell 1.5% against the greenback to trade at 81.97 U.S. cents
"High-yielding commodity currencies will remain under selling pressure as global bond yields come down," wrote strategists at BNP Paribas
Bond yields had been driven higher by inflation expectations but are set to fall as output gaps, the difference between actual and potential economic growth, continue to rise, they wrote.
Subdued U.S. inflation data and indications from last week's University of Michigan consumer-confidence figures that consumers are reducing price expectations have weighed on bond yields, they said. Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=OSCeAQXZlb%2Bm%2F01WSAJ%2FWA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 17, 2009 12:21 ET (16:21 GMT)
Copyright 2009 Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
CURRENCIES: Dollar, Yen Rise As Stocks, Commodities Tumble
By William L. Watts
Both the dollar and the Japanese yen got bid higher on safe-haven appeal Monday as currency traders digested a weaker-than-expected rebound in Japan's economy and a steep fall overnight in Chinese shares.
Chinese stocks suffered their worst plunge since November, hammered by falling commodity prices and concerns over liquidity-tightening measures. The Shanghai Composite Index dropped 5.8% to 2,830.63, as Shenzhen's main share index plunged 6.6%
The overnight sell-off in Asian equities "dragged all of the major currency pairs lower, but this morning's better-than-expected U.S. data should ease safe haven flows into the U.S. dollar," said Kathy Lien, director of currency research at Global Forex Trading.
Lien was referring to the Federal Reserve Bank of New York, which reported that the Empire State index rose to 12.1 from negative 0.6 in July. It marked the first positive reading since April 2008 and was the highest showing for this gauge tracking manufacturing activity in the New York region since November 2007.
The dollar index (DXY), which measures the U.S. unit against a basket of six major currencies, rose to 79.369, up from 78.906 late Friday.
Japan's gross domestic product grew by 0.9% in the second quarter, slightly weaker than expected, compared to the first three months of the year amid increased exports and a rise in private spending. Worries remained about business spending, analysts said, which dropped for a fifth consecutive quarter as Japanese companies delayed capital expenditures on new plants and equipment
"The yen has continued last week's pattern of outperforming the major currencies including the U.S. dollar," said strategists at Brown Brothers Harriman. The Japanese GDP data "failed to limit yen gains as markets focused on falling equity markets, particularly China's equity meltdown," they wrote.
The dollar fell to 94.25 yen, down from 94.86 yen in North American trading late Friday.
The euro fell to its lowest level against the Japanese currency in more than two weeks recently changing hands at 132.65 yen, a loss of 1.3% on the session. Japan's Nikkei 225 Average ended down 3.1%, although the GDP data meant that the world's second-largest economy pulled out of recession in the April-through-June quarter.
The euro traded at $1.4063, down from $1.4169 late Friday, and the British pound bought $1.6292, down from $1.6494.
Meanwhile, selling pressure also built on higher-yielding currencies, such as the Australian dollar.
In energy futures, the benchmark contract traded down more than 2%, breaking below the $66-a-barrel mark.
The Australian dollar fell 1.5% against the greenback to trade at 81.97 U.S. cents
"High-yielding commodity currencies will remain under selling pressure as global bond yields come down," wrote strategists at BNP Paribas
Bond yields had been driven higher by inflation expectations but are set to fall as output gaps, the difference between actual and potential economic growth, continue to rise, they wrote.
Subdued U.S. inflation data and indications from last week's University of Michigan consumer-confidence figures that consumers are reducing price expectations have weighed on bond yields, they said. Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=OSCeAQXZlb%2Bm%2F01WSAJ%2FWA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 17, 2009 12:21 ET (16:21 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Colombia Peso Weakens On Risk Aversion; Stocks Down
Sunday, August 16, 2009
Fri, Aug 14 2009, 20:05 GMT
http://www.djnewswires.com/eu
Colombia Peso Weakens On Risk Aversion; Stocks Down
BOGOTA (Dow Jones)--The Colombian peso weakened 0.5% on Friday in tandem with other emerging-market currencies tracking the slump of U.S. markets.
The Colombian peso ended at 2,017 to the dollar from COP2,007.00 on Thursday amid a session that exchanged $1.48 billion, the third-highest daily trading volume so far this year.
U.S. stocks fell, wiping out most of major indexes' recent gains, following a weak reading on consumer sentiment. Most of the U.S. losses came after the release of the latest Reuters/University of Michigan index of consumer sentiment at 10 a.m. EDT. The measure fell to 63.2 in August from 66.0 in July. That was a stark disappointment compared to analysts' consensus expectation for a rise in the index to 68.5.
"This index reflects that U.S. people are fearful of losing their jobs. Others do not want to spend on fears of not having their jobs in the near future," said Jorge Zuniga, analyst at the Medellin-based brokerage Asesores en Valores.
The peso also weakened as local financial institutions and regular Colombians bought the dollar ahead of a holiday. Colombian markets and government offices will close on Monday for a holiday. On the equity market, the IGBC stock index fell 0.1% to 10,501.94 points.
The most-heavily traded stock was state-controlled power generator Isagen (ISAGEN.BO), which rose 1.3% to COP2,290 as the government readies the sale of its majority stake in the company. The second-most-heavily traded stock was state-controlled oil company Ecopetrol (ECOPETROL.BO), which fell 0.7% COP2,750 as investors sold shares because they already secured their dividends, Zuniga added.
Meanwhile, the yield on the benchmark local peso-denominated bond, known as TES maturing in 2020 ended at 9.127% from 9.089% on Thursday.
By Diana Delgado, Dow Jones Newswires; 57-1-6107044 Ext 1132 diana.delgado@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=esFzrxWK1%2FxTjn70ludcgQ%3D%3D. You can use this link on the day this article is published and the following day.
END) Dow Jones Newswires
August 14, 2009 16:05 ET (20:05 GMT)
Copyright 2009 Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
Colombia Peso Weakens On Risk Aversion; Stocks Down
BOGOTA (Dow Jones)--The Colombian peso weakened 0.5% on Friday in tandem with other emerging-market currencies tracking the slump of U.S. markets.
The Colombian peso ended at 2,017 to the dollar from COP2,007.00 on Thursday amid a session that exchanged $1.48 billion, the third-highest daily trading volume so far this year.
U.S. stocks fell, wiping out most of major indexes' recent gains, following a weak reading on consumer sentiment. Most of the U.S. losses came after the release of the latest Reuters/University of Michigan index of consumer sentiment at 10 a.m. EDT. The measure fell to 63.2 in August from 66.0 in July. That was a stark disappointment compared to analysts' consensus expectation for a rise in the index to 68.5.
"This index reflects that U.S. people are fearful of losing their jobs. Others do not want to spend on fears of not having their jobs in the near future," said Jorge Zuniga, analyst at the Medellin-based brokerage Asesores en Valores.
The peso also weakened as local financial institutions and regular Colombians bought the dollar ahead of a holiday. Colombian markets and government offices will close on Monday for a holiday. On the equity market, the IGBC stock index fell 0.1% to 10,501.94 points.
The most-heavily traded stock was state-controlled power generator Isagen (ISAGEN.BO), which rose 1.3% to COP2,290 as the government readies the sale of its majority stake in the company. The second-most-heavily traded stock was state-controlled oil company Ecopetrol (ECOPETROL.BO), which fell 0.7% COP2,750 as investors sold shares because they already secured their dividends, Zuniga added.
Meanwhile, the yield on the benchmark local peso-denominated bond, known as TES maturing in 2020 ended at 9.127% from 9.089% on Thursday.
By Diana Delgado, Dow Jones Newswires; 57-1-6107044 Ext 1132 diana.delgado@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=esFzrxWK1%2FxTjn70ludcgQ%3D%3D. You can use this link on the day this article is published and the following day.
END) Dow Jones Newswires
August 14, 2009 16:05 ET (20:05 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Forex: USD/JPY tests levels below 96.00
Wednesday, August 12, 2009
Wed, Aug 12 2009, 20:22 GMT
http://www.fxstreet.com
FXstreet.com (Córdoba) – The Yen at first weakened across the board, following the FED decision. But a few minutes later, the Japanese currency managed to recover. Currently is at the same levels it had across the board before the release. USD/JPY is testing levels below 96.00. The pair rocked after the decision to 96.75 and the tumbled to 95.70. Currently the pair is 0.13% above today’s opening price.
Nick Nasad, currency market analyst with CMS Forex: “Today's announcement, while acknowledging the better data from the US, did not present any "exit-strategy" language from its zero-interest rate policy. we did see that the treasury purchase plan is set to be conclude, though te pace at which the Fed will buy Treasuries will slow, so that the program can run through October.Though there was initial greenback strength, most of the gains were pared down, which made this a rather volatile and tricky news event to trade.”
USD/JPY (Aug 12 at 21:42 GMT)
96.08/10 (0.16%) H 96.77 L 95.1
http://www.fxstreet.com
FXstreet.com (Córdoba) – The Yen at first weakened across the board, following the FED decision. But a few minutes later, the Japanese currency managed to recover. Currently is at the same levels it had across the board before the release. USD/JPY is testing levels below 96.00. The pair rocked after the decision to 96.75 and the tumbled to 95.70. Currently the pair is 0.13% above today’s opening price.
Nick Nasad, currency market analyst with CMS Forex: “Today's announcement, while acknowledging the better data from the US, did not present any "exit-strategy" language from its zero-interest rate policy. we did see that the treasury purchase plan is set to be conclude, though te pace at which the Fed will buy Treasuries will slow, so that the program can run through October.Though there was initial greenback strength, most of the gains were pared down, which made this a rather volatile and tricky news event to trade.”
USD/JPY (Aug 12 at 21:42 GMT)
96.08/10 (0.16%) H 96.77 L 95.1
Argentina Bonds Jump On Swap Talk; Stocks Up, Peso Down
Wed, Aug 12 2009, 21:12 GMT
http://www.djnewswires.com/eu
Argentina Bonds Jump On Swap Talk; Stocks Up, Peso Down
By Shane Romig Of DOW JONES NEWSWIRES
BUENOS AIRES (Dow Jones)--Argentina's inflation-linked bonds posted sharp gains Wednesday after the economy minister said the government was working on a new debt swap. The government is studying a new swap which would push back about $1 billion in debt payments due next year, Economy Minister Amado Boudou told local daily La Nacion late Tuesday.
The swap will focus on debt whose value is tied to inflation, according to La Nacion. The government has come under heavy criticism amid accusations of inflation underreporting and the consequent underpayment on the debt. Earlier Wednesday, Argentina's statistics agency Indec reported a July consumer price index of 0.6% on the month and 5.5% on the year.
But most economists charge that Indec's data don't accurately reflect real inflation. The median forecast of analysts polled by Dow Jones for real month-on-month inflation in July was 0.95%. As for what economists dubbed "true" annual inflation, July's year-on-year increase was likely around 14%, with estimates ranging from 13.5% to 15%.
Boudou recently announced plans to review the agency and its methodology. Local media reports indicated that Boudou has even asked the International Monetary Fund to participate. The inflation-linked benchmark peso-denominated bond jumped 3.54% in price terms to ARS87.75 ($22.88), cutting the yield to 13.33%.
The dollar-denominated Boden 2012 fell 1.05% in price terms to ARS277.30, to yield 19.48%.
Local stocks got a boost from the strong gains on Wall Street. U.S. stocks rose following the Fed's decision to leave interest rates near zero and comments suggesting the economy is on more stable ground.
Argentina's Merval Index rose 0.78% to close at 1,773.29 points.
The peso fell to 3.8350 to the dollar from 3.8325 Tuesday.
-By Shane Romig, Dow Jones Newswires; 54-11-4103-6738; shane.romig@dowjones.com
END) Dow Jones Newswires
August 12, 2009 17:12 ET (21:12 GMT)
Copyright 2009 Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
Argentina Bonds Jump On Swap Talk; Stocks Up, Peso Down
By Shane Romig Of DOW JONES NEWSWIRES
BUENOS AIRES (Dow Jones)--Argentina's inflation-linked bonds posted sharp gains Wednesday after the economy minister said the government was working on a new debt swap. The government is studying a new swap which would push back about $1 billion in debt payments due next year, Economy Minister Amado Boudou told local daily La Nacion late Tuesday.
The swap will focus on debt whose value is tied to inflation, according to La Nacion. The government has come under heavy criticism amid accusations of inflation underreporting and the consequent underpayment on the debt. Earlier Wednesday, Argentina's statistics agency Indec reported a July consumer price index of 0.6% on the month and 5.5% on the year.
But most economists charge that Indec's data don't accurately reflect real inflation. The median forecast of analysts polled by Dow Jones for real month-on-month inflation in July was 0.95%. As for what economists dubbed "true" annual inflation, July's year-on-year increase was likely around 14%, with estimates ranging from 13.5% to 15%.
Boudou recently announced plans to review the agency and its methodology. Local media reports indicated that Boudou has even asked the International Monetary Fund to participate. The inflation-linked benchmark peso-denominated bond jumped 3.54% in price terms to ARS87.75 ($22.88), cutting the yield to 13.33%.
The dollar-denominated Boden 2012 fell 1.05% in price terms to ARS277.30, to yield 19.48%.
Local stocks got a boost from the strong gains on Wall Street. U.S. stocks rose following the Fed's decision to leave interest rates near zero and comments suggesting the economy is on more stable ground.
Argentina's Merval Index rose 0.78% to close at 1,773.29 points.
The peso fell to 3.8350 to the dollar from 3.8325 Tuesday.
-By Shane Romig, Dow Jones Newswires; 54-11-4103-6738; shane.romig@dowjones.com
END) Dow Jones Newswires
August 12, 2009 17:12 ET (21:12 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Yen remains strongly bullish
Sunday, August 9, 2009
Mon, Aug 10 2009, 02:11 GMT
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 97.27. Break above the daily descendant channel above 96.40 accelerate the upside, and the time, pair remains strongly bullish and set for a retest of the 98.00 level.
Weekly open also favors the upside bias despite hourly charts show some downside corrective chances, as indicators reached the extremes. “Expect the 97.00 level to hold and if not, pullback to the mentioned channel roof, now around 96.30 should hold the downside,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 97.00 96.60 96.30. Resistance levels: 97.75 98.20 98.60.
USD/JPY (Aug 10 at 03:18 GMT)
97.29/30 (-0.39%) H 97.73 L 97.04
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 97.27. Break above the daily descendant channel above 96.40 accelerate the upside, and the time, pair remains strongly bullish and set for a retest of the 98.00 level.
Weekly open also favors the upside bias despite hourly charts show some downside corrective chances, as indicators reached the extremes. “Expect the 97.00 level to hold and if not, pullback to the mentioned channel roof, now around 96.30 should hold the downside,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 97.00 96.60 96.30. Resistance levels: 97.75 98.20 98.60.
USD/JPY (Aug 10 at 03:18 GMT)
97.29/30 (-0.39%) H 97.73 L 97.04
EUR/USD Current Price: 1.4195
Mon, Aug 10 2009, 01:57 GMT
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4195. Correcting past Friday extreme fall, pair remains oversold in the hourly just under 1.4200. Longer term bullish bias has tumbled after the pair lost the 1.4250 level, now turned into key resistance.
20 SMA with a clear bearish slope should keep corrective movements capped, as bigger time frame bias has also turned to the downside. “Market sentiment seems to be turning from risk appetite to interest rate differential, favoring greenback in the midterm,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4180 1.4150 1.4110. Resistance levels 1.4230 1.4250 1.4290.
EUR/USD (Aug 10 at 03:13 GMT)
1.4200/02 (0.18%) H 1.4212 L 1.4171
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4195. Correcting past Friday extreme fall, pair remains oversold in the hourly just under 1.4200. Longer term bullish bias has tumbled after the pair lost the 1.4250 level, now turned into key resistance.
20 SMA with a clear bearish slope should keep corrective movements capped, as bigger time frame bias has also turned to the downside. “Market sentiment seems to be turning from risk appetite to interest rate differential, favoring greenback in the midterm,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4180 1.4150 1.4110. Resistance levels 1.4230 1.4250 1.4290.
EUR/USD (Aug 10 at 03:13 GMT)
1.4200/02 (0.18%) H 1.4212 L 1.4171
Forex: USD/JPY falls to 94.60
Wednesday, August 5, 2009
Wed, Aug 5 2009, 17:44 GMT
http://www.fxstreet.com
FXstreet.com (Córdoba) – The Dollar weakness continues across the board. USD/JPY fell sharply to 94.60 reaching a fresh intra-day low. Current price at 94.77/80 is 0.45% below today’s opening price. Greenback failed in the previous sessions to break above 95.40 and lost strength. The pair has lost more than 50 pips since the beginning of the American session.
The Pound rose today against the Yen reaching a fresh one-month high. GBP/JPY reached an intra-day high at 1.6237 but rebounded and fell to 160.60. The pair is only a few pips away from the highest price of the year at 1.6257 that was reach in June.
GBP/JPY (Aug 05 at 17:58 GMT)
161.42/47 (0.12%) H 162.45 L 160.36
USD/JPY (Aug 05 at 17:56 GMT)
94.77/79 (-0.47%) H 95.4 L 94.61
http://www.fxstreet.com
FXstreet.com (Córdoba) – The Dollar weakness continues across the board. USD/JPY fell sharply to 94.60 reaching a fresh intra-day low. Current price at 94.77/80 is 0.45% below today’s opening price. Greenback failed in the previous sessions to break above 95.40 and lost strength. The pair has lost more than 50 pips since the beginning of the American session.
The Pound rose today against the Yen reaching a fresh one-month high. GBP/JPY reached an intra-day high at 1.6237 but rebounded and fell to 160.60. The pair is only a few pips away from the highest price of the year at 1.6257 that was reach in June.
GBP/JPY (Aug 05 at 17:58 GMT)
161.42/47 (0.12%) H 162.45 L 160.36
USD/JPY (Aug 05 at 17:56 GMT)
94.77/79 (-0.47%) H 95.4 L 94.61
Forex: GBP/USD resumes its advance; back above 1.7000
Wed, Aug 5 2009, 16:43 GMT
http://www.fxstreet.com
Fxstreet.com (Barcelona) – After finding support at 1.6930, (MA55 hourly chart) coming from its 115 pips decline from 1.7045, fresh 2009 high, Cable has begun to rise to trade above 1.7000 level, close to 1.7030 level.
Currently, GBP/USD is trading around 1.7005/15, 0.35% above today's opening price. Pair has resumed its advance from 1.6340, July 30 low.
Valeria Bednarik, FXstreet.com collaborator, comments: “Pair is break above previous consolation range and despite over bought bullish strength intact: above today’s high of 1.7040 next resistances come at the 1.7070 zone, and above the strong 1.7120 area, technical target for the horizontal channel break. Corrections should remain limited as bigger time frames20 SMA slope support further rises.”
Bednarik provides us with her levels: “Resistance levels: 1.7040 1.7070 1.7120. Support levels: 1.6965 1.6910 1.6860.”
GBP/USD (Aug 05 at 17:50 GMT)
1.7022/24 (0.53%) H 1.7043 L 1.6898
http://www.fxstreet.com
Fxstreet.com (Barcelona) – After finding support at 1.6930, (MA55 hourly chart) coming from its 115 pips decline from 1.7045, fresh 2009 high, Cable has begun to rise to trade above 1.7000 level, close to 1.7030 level.
Currently, GBP/USD is trading around 1.7005/15, 0.35% above today's opening price. Pair has resumed its advance from 1.6340, July 30 low.
Valeria Bednarik, FXstreet.com collaborator, comments: “Pair is break above previous consolation range and despite over bought bullish strength intact: above today’s high of 1.7040 next resistances come at the 1.7070 zone, and above the strong 1.7120 area, technical target for the horizontal channel break. Corrections should remain limited as bigger time frames20 SMA slope support further rises.”
Bednarik provides us with her levels: “Resistance levels: 1.7040 1.7070 1.7120. Support levels: 1.6965 1.6910 1.6860.”
GBP/USD (Aug 05 at 17:50 GMT)
1.7022/24 (0.53%) H 1.7043 L 1.6898
Pound Continues Rally Versus Euro and Dollar
August 5th, 2009The pound is gaining again versus the euro and the dollar as services industry grew and U.K manufacturing jump beyond expectations in July, pushing the pound to the highest level in 9 months.
USDJPY: 95.50 offers still in play
Monday, August 3, 2009
Tue, Aug 4 2009, 02:53 GM
Thttp://www.forexlive.com
We have seen USDJPY move marginally higher today on the back of strong Yen cross buying, however it is still to break thru the 95.50 offers. Trading does remain somewhat on the thin side and very spec orientated. Exporter selling on top at 95.50 and more towards 96.00 may limit the run today. A reversal back below 95.00 cant be ruled out if we dont see it up above 95.50 in the next few hours.
Thttp://www.forexlive.com
We have seen USDJPY move marginally higher today on the back of strong Yen cross buying, however it is still to break thru the 95.50 offers. Trading does remain somewhat on the thin side and very spec orientated. Exporter selling on top at 95.50 and more towards 96.00 may limit the run today. A reversal back below 95.00 cant be ruled out if we dont see it up above 95.50 in the next few hours.
China Jul Iron Ore Imports 56.5 Mln Tons, +35% On Yr-Ministry
Tue, Aug 4 2009, 01:50 GMT
http://www.djnewswires.com/eu
China Jul Iron Ore Imports 56.5 Mln Tons, +35% On Yr-Ministry BEIJING (Dow Jones)--China's iron ore imports in July rose 35% from a year earlier to 56.5 million metric tons, the Ministry of Transportation said in a statement on its Web site Tuesday.
The growth is the highest monthly expansion this year, the ministry said.
The ministry provides regular estimates for iron ore imports, which have usually been a close, though not exact, approximation of actual trade statistics to be provided by the General Administration of Customs later in the month.
At 56.5 million tons, July's imports would be the second highest for a month this year, trailing April's 57 million tons, and underlines the difficulties faced by the government and its agencies in trying to slow the rate of imports, which it regards as threatening overproduction.
By Chuin-Wei Yap, Dow Jones Newswires; 8610 6588 5848; chuin-wei.yap@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=N%2BfiOCT4kBe3GW9iFO8UPg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires(END) Dow Jones Newswires
August 03, 2009 21:50 ET (01:50 GMT)
Copyright 2009 Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
China Jul Iron Ore Imports 56.5 Mln Tons, +35% On Yr-Ministry BEIJING (Dow Jones)--China's iron ore imports in July rose 35% from a year earlier to 56.5 million metric tons, the Ministry of Transportation said in a statement on its Web site Tuesday.
The growth is the highest monthly expansion this year, the ministry said.
The ministry provides regular estimates for iron ore imports, which have usually been a close, though not exact, approximation of actual trade statistics to be provided by the General Administration of Customs later in the month.
At 56.5 million tons, July's imports would be the second highest for a month this year, trailing April's 57 million tons, and underlines the difficulties faced by the government and its agencies in trying to slow the rate of imports, which it regards as threatening overproduction.
By Chuin-Wei Yap, Dow Jones Newswires; 8610 6588 5848; chuin-wei.yap@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=N%2BfiOCT4kBe3GW9iFO8UPg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires(END) Dow Jones Newswires
August 03, 2009 21:50 ET (01:50 GMT)
Copyright 2009 Dow Jones & Company, Inc.
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