Mercado de Forex abierto el 26 de diciembre

Mercado de Forex abierto el 26 de diciembre

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&dupdo; 2011 & ndash; 2016 Forex Broker Inc. El sitio web www.forexbrokerinc.com es operado por Gridley Enterprises SA. Una sociedad constituida en la República de las Islas Marshall con domicilio social en Ajeltake Road, Ajeltake, Majuro, Islas Marshall y con el número de registro 696l5. Los servicios de pago son operados por Delinus Doo, PODGORICA Cetinjski, puesto bb 81000, Podgorica, Montenegro; Así como de la empresa británica Global Noble Services LLP con domicilio social en Suite 15, 254 Belsize Road, Londres, Reino Unido NW6 4BT y número de compañía OC394808. Nuestro equipo profesional de soporte al cliente bien formado está disponible 24 horas al día, 7 días a la semana para ayudarle en cualquier problema técnico que pueda ocurrir o para responder a sus preguntas sobre Forex Broker Inc. y sus productos ofrecidos. Cualquier información y software proporcionado por ForexBrokerInc.com no tiene la intención de solicitar a los ciudadanos o residentes de los EE.UU. con el fin de la negociación financiera. &dupdo; 2011 & ndash; 2015 Forex Broker Inc. ¡Lo siento! ¡Lo siento! El área de miembros no estará disponible hoy (5 de septiembre) debido a una actualización de sitio web! ¡Usted podrá tener acceso al área de miembros una vez que se complete la mejora! Pedimos disculpas por cualquier inconveniente de antemano y le agradecemos su paciencia. Para cualquier pregunta, póngase en contacto con [email protected] ¡Lo siento! Por favor, tenga en cuenta que puede enfrentar problemas técnicos al navegar por nuestro sitio web y registrarse en el área de miembros hoy debido a interrupciones técnicas imprevistas. Estamos trabajando en resolver este problema !. Para cualquier ayuda, no dude en ponerse en contacto con nuestro equipo de soporte de Live Chat. Pedimos disculpas por cualquier inconveniente y gracias por su paciencia. ¡Lo siento! Tenga en cuenta que puede tener problemas técnicos al navegar por nuestro sitio web y página de registro. Estamos experimentando interrupciones técnicas imprevistas hoy sin embargo estamos trabajando en resolver este problema! Póngase en contacto con nuestro equipo de asistencia al +1 800 217 67 07 para que puedan recopilar su información de contacto y recibirá un bono de $ 10 sin depósito. Pedimos disculpas por cualquier inconveniente y gracias por su paciencia. Todas las futuras transferencias bancarias deben ser enviadas a la siguiente Información Bancaria: Cuenta en vivo Abrir una cuenta de comercio en vivo Cuenta de demostración Pruebe una cuenta de comercio demo Cuenta en vivo Abrir una cuenta de comercio en vivo Cuenta de demostración Pruebe una cuenta de comercio demo Apertura de la campana - 26 de octubre Publicado el: 26 octubre 2015, por: Pepperstone Soporte, categoría: Revisión del mercado El Banco de los Pueblos de China redujo los tipos de interés al final de la semana pasada, junto con su RRR (Reserve Requirement Ratio). El PBoC movió las tasas de interés 25 puntos básicos más bajos a 4.35%, con el RRR bajando 50 puntos base a 17.50%. El movimiento se produce en medio de un proceso de ablandamiento en la economía china, aunque los temores de un aterrizaje duro se han moderado algo en las últimas semanas. El euro continuó cayendo hasta el viernes después de que Mario Draghi señalara que el BCE probablemente actuaría en su reunión de diciembre para aumentar sus medidas de estímulo. Posibles cambios podrían incluir un aumento en el tamaño de las compras mensuales, y la extensión de la duración del programa, así como el movimiento de las tasas de interés más en el territorio negativo. Mientras que muchos esperaban medidas adicionales, el anuncio todavía logró atrapar el mercado de algún modo, creando una caída de 350 pip en EURUSD. Pasando a esta semana, los dos eventos más estrechamente observados serán probablemente de los EE.UU. - con la Declaración FOMC de octubre programada para miércoles a las 21:00 hora del servidor y Advance GDP para el jueves a las 15:30 hora del servidor. No se espera que el FOMC realice ningún cambio en esta reunión, y el mercado está tasando en solamente un cambio del 6% que cualquier aumento se haga a la tarifa de los fondos federales este mes, sin embargo que la probabilidad salta a cerca 40% para la reunión de diciembre - Lo que significa que la declaración puede ser modificada de alguna manera para preparar el mercado para un aumento de la tasa de septiembre. Dado que no se espera que las tasas de interés se muevan todavía, la declaración probablemente será la fuente de cualquier volatilidad del mercado, por lo que es necesario un cuidadoso monitoreo de cualquier cambio en la declaración. Los comerciantes deben ser informados de que hay una reunión posterior para el RBNZ para anunciar su declaración de tarifas a las 23:00 hora del servidor - por lo que las posiciones basadas en NZD puede sentir una presión extra a través de roll-over. El RBNZ no se espera que cambie las tasas en esta reunión, con la tasa de efectivo se espera que se mantenga en el 2,75%. US Advance GDP el jueves, así como el Índice de Costos de Empleo del viernes (ambos a las 15:30 hora del servidor) son dos indicadores que también se espera que impacten los mercados. Se prevé que el PIB se sitúe en sólo un 1,6% tras el impresionante repunte del trimestre anterior del 3,9%. El ECI es un lanzamiento importante ya que señala cualquier presión sobre los costos salariales que se está construyendo en el mercado de trabajo. Se espera que ECI muestre un crecimiento del 0,6% intertrimestral, y una buena lectura podría ser tomada como una señal de que la Fed es libre de actuar en su reunión de diciembre. Forex Trading durante las vacaciones Escrito por: PaxForex analytics dept - Martes, 23 de diciembre de 2014 0 comentarios Esta semana marca una corta semana de negociación debido a las vacaciones de Navidad que se observan en el mundo desarrollado, lo que significa grandes centros comerciales como Londres, Nueva York y Sydney se cerrará como los comerciantes se toman el tiempo para celebrar esta importante fiesta. El mercado de divisas estará abierto, pero el volumen de negociación será fino, lo que significa que la liquidez también se reducirá drásticamente ya que simplemente no hay suficientes operadores en el mercado. Los comerciantes de la divisa que deciden negociar deben ser enterados que mañana el 24 de diciembre muchos pisos que negocian en las oficinas institucionales serán cerrados o cierran temprano que significa que la liquidez podría secarse. El 25 de diciembre y el 26 de diciembre la mayoría de los comerciantes estarán fuera para celebrar la Navidad en el mundo desarrollado mientras que un cierto volumen podría ser posible fuera de Asia. En general, toda la semana de negociación verá una disminución en la acción comercial. El 29 de diciembre, el inicio de la última semana de operaciones de 2014, algún volumen podría volver al mercado. Una gran cantidad de fondos tratará de hacer ajustes de última hora a sus carteras y el comercio podría ser agitado. Teniendo en cuenta el volumen por debajo de la media esto podría conducir a grandes picos de precios y la creación de lagunas. Esperamos que los diferenciales se amplíen temporalmente debido a las condiciones del mercado. Aquellos que estarán negociando probablemente tendrán un día acortado el 31 de diciembre, mientras que no habrá operaciones el 1 de enero. En general, la primera semana de negociación de un nuevo año es bastante lento, ya que muchos todavía estarán ausentes de la negociación con el fin de disfrutar de unos días más para relajarse. Dado que el Año Nuevo cae el jueves podríamos ver un regreso completo y un lanzamiento oficial a la acción comercial de 2015 el 5 de enero. La mayoría de los comerciantes volverán a sus terminales comerciales y empezarán a navegar sus carteras para un resultado exitoso. El volumen volverá a la normalidad y los spreads serán más ajustados. Habrá algunos informes económicos que se dará a conocer durante el período y dada la falta de volumen de los comerciantes de divisas deben estar preparados para una mayor reacción a los informes, lo que significa un aumento de la volatilidad. Puede ser mejor buscar las oportunidades comerciales en las próximas tres semanas, ya que los mercados pueden carecer de una tendencia general y se quedará atrapado en una tendencia lateral o extender sus tendencias a largo plazo que se desarrollaron durante todo el año con algunas ganancias tomando durante la última Dos días de negociación. Laino Group número de registro 21973 IBC 2014. Advertencia de riesgo: Tenga en cuenta que el comercio de productos apalancados puede implicar un nivel significativo de riesgo y no es adecuado para todos los inversores. Usted no debe arriesgar más de lo que está preparado para perder. Antes de decidir negociar, asegúrese de comprender los riesgos involucrados y tenga en cuenta su nivel de experiencia. Busque asesoramiento independiente si es necesario. Por favor, como PaxForex sitio en su red favorita y obtener acceso a la página gratuita de registro de la cuenta de bonificación! Horario de comercio de vacaciones y Vantage FX gracias 2014 ha demostrado ser bastante un año para nosotros aquí en Vantage FX. Nuestra nueva asociación con MXT Global nos ha permitido fortalecer nuestros esfuerzos en Asia con nuevos clientes, proveedores y asociaciones de apoyo. Además de nuestros servidores de Sydney y Londres, ahora tenemos nuevos servidores en Hong Kong, Malasia y China para apoyar el crecimiento en esta región. Con el mayor interés en la región de APAC y la creciente demanda, Vantage FX fue uno de los primeros proveedores de Forex de Australia en ofrecer a los clientes USD / CNH. Además de los Yuan, los clientes de Vantage FX fueron capaces de aprovechar la negociación del índice del dólar estadounidense y los nuevos productos básicos. Platino y paladio. También hemos añadido oro y plata frente al dólar australiano. Nuestro equipo de Vantage FX Tech Development también ha estado muy ocupado este año. Actualmente están desarrollando plataformas y aplicaciones con muchos proyectos en las obras & # 8211; Buscar algunas grandes actualizaciones y nuevos productos en el nuevo año! Comercio durante el período de vacaciones Debido a los próximos días festivos, nuestro soporte técnico y los horarios de apertura del mercado tendrán horarios modificados. Nuestra oficina estará cerrada los días 25 y 26 de diciembre de 2014, y el 1 de enero de 2015. Por favor, encuentre los horarios de apertura del mercado a continuación: Todos los Precios de FX & # 8211; Calendario de Navidad y Año Nuevo 17:00 el 24 de diciembre de 2014 09:00 en DEC 25th, 2014 00:00 el 24 de diciembre de 2014 23:00 el 25 de DEC de 2014 15:00 el 26 de DEC de 2014 06:00 en DEC 26th, 2014 16:00 el 31 de diciembre de 2014 08:00 el 1 de enero de 2015 23:00 el 31 de diciembre de 2014 17:00 el 1 de enero de 2015 09:00 el 2 de enero de 2015 00:00 el 2 de enero de 2015 Todos los precios de los metales & # 8211; Calendario de Navidad y Año Nuevo 13:45 el 24 de DEC de 2014 05:45 on DEC 25th, 2014 20:45 el 24 de diciembre de 2014 23:00 el 25 de DEC de 2014 15:00 el 26 de DEC de 2014 06:00 en DEC 26th, 2014 16:00 el 31 de diciembre de 2014 08:00 el 1 de enero de 2015 23:00 el 31 de diciembre de 2014 17:00 el 1 de enero de 2015 09:00 el 2 de enero de 2015 00:00 el 2 de enero de 2015 Tenga en cuenta que los CFD seguirán las horas de intercambio generales. Desde el momento en que cesa el precio, hasta que se abra el próximo precio, no será posible el comercio y el personal de apoyo no estará disponible. Los mercados durante la temporada de fiestas son generalmente delgados; Esto a su vez puede resultar en movimientos significativos a corto plazo. Le recomendamos que considere cuidadosamente sus posiciones y órdenes abiertas a la luz de esto. Financiamiento durante el período de vacaciones Nuestro servicio de financiación instantánea de tarjetas de crédito / débito estará disponible durante todo el período de vacaciones. Todos los demás métodos de financiamiento no serán procesados ​​en días en que la oficina esté cerrada. Por favor, permita tiempos de procesamiento más largos debido a varios días festivos. Recuerde que la oferta de bonificación de vacaciones del 15% continuará funcionando hasta el 31 de diciembre de 2014. Fondo con un depósito mínimo de $ 1000 y le daremos un 15% de bonificación. Por cada porción de FX estándar que usted negocie, convertiremos $ 2 de su crédito de comercio en efectivo real. Para más detalles, por favor vea aquí. Todo el equipo aquí en Vantage FX le gustaría desearle salud y felicidad para la temporada navideña y esperamos compartir un exitoso 2015 con usted. Mensaje de navegación Social Aviso de fin de año y horario de vacaciones Como otro año llega a su fin, nos gustaría darle las gracias por comerciar con nosotros. MXT Global ha tenido un emocionante 2014 saliendo de ganar el 2013 APFIA Fastest Growing Broker en Australia. La asociación con Vantage FX y el crecimiento de sus relaciones en la Australasia nos han visto crecer de fuerza a fuerza. MXT Global ahora también puede agregar el Corredor Más Transparente de 2014 a sus galardones otorgados en la Expo CIOT en Shanghai, China. Nuestros clientes habrán visto los cambios con las nuevas adiciones de plataformas, incluyendo MT4 para Mac, SmartTrader Tools y nuevos productos, incluyendo el USD / CNH y el Índice del Dólar Estadounidense. Actualmente estamos en el proceso de finalizar algunos nuevos proyectos y asociaciones aquí y en el extranjero. Esperamos tener otro gran año con ustedes. Comercio durante el período de vacaciones Debido a los próximos días festivos, nuestro soporte técnico y los horarios de apertura del mercado tendrán horarios modificados. Nuestra oficina estará cerrada los días 25 y 26 de diciembre de 2014 y el 1 de enero de 2015. A continuación encontrará los horarios de apertura del mercado: Todos los precios FX & # 8211; Calendario de Navidad y Año Nuevo 00:00 el 2 de enero de 2015 Tenga en cuenta que los CFD seguirán las horas de intercambio generales. Desde el momento en que cesa el precio, hasta que se abra el próximo precio, no será posible el comercio y el personal de apoyo no estará disponible. Los mercados durante la temporada de fiestas son generalmente delgados; Esto a su vez puede resultar en movimientos significativos a corto plazo. Le recomendamos que considere cuidadosamente sus posiciones y órdenes abiertas a la luz de esto. Financiamiento durante el período de vacaciones Nuestro servicio de financiación instantánea de tarjetas de crédito / débito estará disponible durante todo el período de vacaciones. Todos los demás métodos de financiamiento no serán procesados ​​en días en que la oficina esté cerrada. Por favor, permita tiempos de procesamiento más largos debido a varios días festivos. Recuerde que la oferta de bonificación de vacaciones del 15% continuará funcionando hasta el 31 de diciembre de 2014. Fondo con un depósito mínimo de $ 1000 y le daremos un 15% de bonificación. Por cada porción de FX estándar que usted negocie, convertiremos $ 2 de su crédito de comercio en efectivo real. Para más detalles, por favor vea aquí. Todo el equipo aquí en MXT Global desea desearle salud y felicidad para la temporada navideña y esperamos poder compartir con usted el exitoso 2015. Mensaje de navegación MXT Global Pty Ltd ACN 157 768 566 AFSL 428901. Trading derivados y forex tiene un alto nivel de riesgo para su capital y sólo debe ser negociado con el dinero que puede permitirse perder. Asegúrese de leer nuestro FSG, PDS y Términos y condiciones, y buscar asesoramiento independiente, para comprender plenamente los riesgos, antes de decidirse a realizar cualquier transacción con MXT Global. La información general de este sitio web no está dirigida a residentes en ningún país o jurisdicción donde tal distribución o uso violen la ley o regulación local. La información en este sitio web es de carácter general únicamente y puede contener consejos que no se basan en sus objetivos personales, situación financiera o necesidades. En consecuencia, debe considerar la forma adecuada de asesoramiento (si alguno) es a esos objetivos, la situación financiera y las necesidades, antes de actuar sobre el asesoramiento. La información en este sitio ha sido preparada de acuerdo con la ley australiana para el suministro de bienes y servicios. Este aviso y la información en este sitio y todos los asuntos relacionados con cualquiera de ellos se rigen por y deben interpretarse de acuerdo con las leyes aplicables en el Estado de Nueva Gales del Sur y el Commonwealth de Australia (ley australiana). La información puede no satisfacer las leyes de cualquier otro país. No está dirigido a personas de ningún otro país y no debe ser invocado por personas en ningún otro país que no sea Australia. La información de este sitio es actual en la fecha de publicación pero puede estar sujeta a cambios. Por favor asegúrese de leer los términos completos de uso de este sitio web, disponible visitando la página web http://www.mxtglobal.com/terms-of-use/. Por favor, tenga en cuenta que los servicios y productos ofrecidos por MXT Global Pty Ltd no se ofrecen dentro de los Estados Unidos y no se ofrecen a residentes o ciudadanos estadounidenses. MXT Global Pty Ltd no está registrado con ningún regulador estadounidense, incluyendo la National Futures Association (NFA) y Commodity Futures Trading Commission (CFTC). 23.03.2016 Cambios en el horario de trabajo de apoyo al cliente del Banco y del Real Trade durante las vacaciones de Pascua del 25 al 28 de marzo de 2016. Más información. 10.03.2016 Promoción de Pascua: ¡Obtenga un bono de depósito de 100% Forex al acreditar una cuenta de operaciones de Forex recientemente abierta o ya existente! Aprende más. 01.03.2016! Real Trade ha abierto un registro gratuito para el Concurso de Demostración de Forex que se celebrará del 21 de marzo al 1 de abril de 2016. Más información. 24.02.2016 La 23 ª Demostración Forex resultados de la competencia. Aprende más. 18.01.2016! Real Trade ha abierto un registro gratuito para el Concurso de Demostración de Forex que se celebró del 8 al 19 de febrero de 2016. Más información. 08.01.2016 La 22 ª Demostración de Forex resultados del concurso. Aprende más. 21.12.2015 Información para clientes. Cambios de horario de trabajo y horas de negociación durante las fiestas de Navidad y Año Nuevo. Aprende más. 12.12.2015! Real Trade ha abierto una inscripción gratuita para el Concurso de Demostración de Forex Trading celebrado del 21 al 31 de diciembre de 2015. Más información. 01.10.2015 Promoción de Otoño "Bono de Forex hasta 100% & quot; Extendido hasta el 26 de octubre de 2015. Más información. 01.09.2015 Promoción de Otoño "Bono de Forex hasta 100% & quot; Es válida del 1 de septiembre al 21 de septiembre de 2015. Más información. 25.06.2015 ¡Promoción caliente del verano! ¡No pierdas la oportunidad de recibir un bono de 100% Forex a tu cuenta de Live! Aprende más. 22.06.2015 Cambios en el horario de trabajo de soporte al cliente del Banco y del Real Trade durante las vacaciones del 23 al 24 de junio de 2015. Más información. 28.05.2015 Cambios en las horas de negociación a partir del 1 de junio de 2015. Más información. 30.04.2015 Cambios en el horario de trabajo de soporte al cliente del Banco y del Real Trade el 1 de mayo de 2015. Obtenga más información. 02.04.2015 Cambios en el horario de trabajo de soporte al cliente del Banco y del Real Trade durante las vacaciones de Semana Santa del 3 al 6 de abril de 2015. Más información. 16.03.2015 Cambios en los spreads de USDCHF, AUDCHF, CHFJPY, EURCHF, GBPCHF, NZDCHF. Aprende más. 27.02.2015 Promoción Primavera: ¡Para celebrar la llegada de la primavera, Real Trade le ofrece un bono de 100% Spring Forex! Aprende más. 20.01.2015 Cambios en los spreads USDCHF, AUDCHF, CHFJPY, EURCHF, GBPCHF, NZDCHF. Aprende más. 19.12.2014 Información para clientes. Cambios de horario de trabajo y horas de negociación durante las fiestas de Navidad y Año Nuevo. Aprende más. 17.12.2014 Real Trade introduce un nuevo método de depósito / retiro a través de Skrill. Aprende más. 01.12.2014 No te pierdas esta increíble oportunidad de duplicar tu poder de comercio de Forex & mdash; Hacer un depósito durante todo el mes de diciembre de 2014 y obtener un bono de hasta el 100%! Aprende más. 27.10.2014 ¡Como regalo especial de Halloween, Real Trade le está ofreciendo un 66% de bonificación de depósito de FOREX! Aprende más. 19.09.2014 Funda tu cuenta de trading hasta el 3 de octubre de 2014 y obtén un bono de depósito del FOREX de 35%! Aprende más. 11.07.2014 ¡Promoción caliente del verano! ¡No pierdas la oportunidad de recibir un bono de 50% en tu cuenta de Forex! Aprende más. 01.07.2014 Concurso Forex Demo Trading "Gana beneficios en una cuenta Demo y recibe en tu cuenta Live & quot; (7 a 11 de julio). Aprende más. 04.06.2014 New Forex Demo Trading Contest "Hacer ganancias en una cuenta Demo y recibirlo en su cuenta Live". Aprende más. 30.04.2014 Cambios en el horario de trabajo de soporte al cliente del Banco y del Real Trade el 1 de mayo de 2014. Más información. 17.04.2014 Cambios en el horario de trabajo de apoyo al cliente del Banco y del Real Trade durante el período de Pascua (18-21 de abril). Aprende más. 08.04.2014 Promoción de Pascua: ¡Obtenga un bono de depósito del 30% al acreditar una cuenta de trading de FOREX recientemente abierta o ya existente! Aprende más. 05.03.2014 Primavera de promoción: el fondo de su cuenta de comercio hasta el 31 de marzo de 2014 y obtener un bono de depósito del 50%! Aprende más. 16.12.2013 Real Trade está ofreciendo una excelente manera de impulsar su poder de comercio & ndash; Un bono del 50% sobre los depósitos hasta el 15 de diciembre de 2013! Aprende más. 21.11.2013! Real Trade ha abierto un registro para el 21st Forex Trading Demo Contest. Aprende más. 04.10.2013 Real Trade introduce un nuevo método de depósito / retiro a través de PayPal. Aprende más. 29.08.2013 Real Trade introduce un nuevo método de depósito / retiro a través del sistema de pago Perfect Money. Aprende más. 01.08.2013 Se ha lanzado la nueva versión de la plataforma de trading - build 509. Aviso importante: Las compilaciones inferiores a 500 ya no se admiten a partir del 1 de agosto de 2013. Obtenga más información. 17.07.2013 Real Trade ha anunciado los ganadores del concurso de fotografía "Draw, gather or build the" Real Trade & quot; Logotipo con los materiales que tiene en la mano y ganar $ 100 ". Aprende más. 28.05.2013 Real Trade lleva a cabo un concurso de fotografía: "Dibuje, recopile o construya el" Real Trade & quot; Logo con materiales que tiene a mano y gane $ 100! & Quot; Aprende más. 21.01.2013 La plataforma de comercio Real Trader 4 también está ahora disponible para los usuarios de Linux. Aprende más. Descargue la plataforma de negociación Forex Broker Noticias Acerca de Forex Broker CashBack Forex Broker CashBack es un introductor de volumen de clientes a los corredores de Forex. Cada vez que un comerciante abre una cuenta de corredor usando uno de los enlaces en este sitio web, recibimos un porcentaje del spread o comisión pagada en cada operación que el comerciante hace. A continuación, devolver un alto porcentaje de nuestras ganancias a los comerciantes que abren sus cuentas de corredor a través de nosotros, y mantener un pequeño porcentaje de nosotros mismos. ¿Inseguro de algo? Echa un vistazo a nuestras preguntas frecuentes! Últimos tweets de @BrokerCashBack La decisión de ayer de SNB de no defender más el piso del EURCHF ha dejado a muchos corredores que enfrentan financiero. Http://t.co/sjN5zSyf39 Publicado hace 61 semanas El cashback de septiembre ha sido pagado esta semana, muchachos. ¡Buena suerte a todos en octubre! Publicado el 26 meses Es el 2 de septiembre, amigos, y el cashback de agosto ya ha sido pagado. Buena suerte a todos con su comercio este mes! Publicado el hace 81 semanas Chicos de buenas noticias - Cashback de junio fue pagado la semana pasada. ¡Siempre conseguimos nuestros comerciantes pagados tan pronto como sea posible al comienzo de cada mes! Publicado el 29 meses Se puede pagar en efectivo esta semana, amigos. Como siempre, buena suerte a todos nuestros comerciantes y gracias por tu gran apoyo Publicado 94 semanas El cashback de abril ya ha sido pagado. Una vez más, gracias a todos nuestros comerciantes por su apoyo Publicado hace 98 semanas El comercio de divisas conlleva un nivel de riesgo y pueden producirse pérdidas. Por favor lea nuestra Divulgación de Riesgos. Forex Broker CashBack | Copyright y copia; 2012 - 2016 Actualización del Comercio de Oro 26 de enero 26 de enero de 2016 Buenas noches jinetes de oro El oro ha rompido su resistencia 1108-11 e hizo un nuevo máximo en 1117-80. Nuestro primer objetivo después de romper la resistencia fue 1121-23.Por favor, tenga en cuenta cuando se rompa la resistencia. Entonces la resistencia se convierte en apoyo. Así pues, el área 1108-11 será el área de apoyo. Si el oro tiene este nivel tendremos más confianza para permanecer en el comercio hacia nuestra primera meta. Si el precio rompe este apoyo, entonces nuestro punto de invalidación para la idea de comercio de hoy será 1101. Así que mantener un ojo en el oro y la esperanza de lo mejor. Le deseamos todo el comercio mejor y feliz. Haga clic para agregar un comentario Debe estar registrado para enviar un comentario Deja una respuesta Usted debe estar conectado para publicar un comentario. Ideas Forex Trading 26 de enero de 2016 Mati Ur Rehman está negociando forex desde el año 2007. Tener un historial de prueba. Es especialista en oro y tiene muchos seguidores en todo el mundo Semanal Forex Forecast 29 Septiembre - 3 Octubre, 2014 Forex Forecast para la semana: Riesgo de divulgación: Además de la limitación de responsabilidad de sitio web a continuación, el material de esta página, preparado por MXT Global Pty Ltd, no contiene un registro de nuestros precios de negociación, o una oferta de, o la solicitud de una transacción en cualquier instrumento financiero. La investigación contenida en este informe no debe interpretarse como una solicitud de comercio. 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MXT Global Pty Ltd no está registrado con ningún regulador estadounidense, incluyendo la National Futures Association (NFA) y Commodity Futures Trading Commission (CFTC). Comercio más rápido, mejor comercio con UpFX Ofrecemos una nueva forma de comercio de monedas y lingotes. Una mejor manera. Somos un corredor de Forex sin ningún sentido que ofrece spreads impresionantes a velocidades de ejecución rápidas. Y cuando decimos no-absurdo lo decimos en serio; Nuestra ventaja de escritorio no significa que tomamos sus pedidos directamente al mercado y no estamos en medio. La integridad y la transparencia son los fundamentos que cada trader de Forex debe esperar, y no ponemos en peligro cuando se trata de nuestras operaciones de día a día, nuestros clientes y finanzas. Nuestros productos comerciales están regulados y autorizados, y nuestras finanzas están segregadas. Nuestras operaciones son auditadas por profesionales de la industria legal y contable. 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Al visitar nuestro sitio web con su navegador configurado para permitir cookies, usted acepta nuestro uso de cookies como se describe en nuestra Política de privacidad Pronóstico USD / JPY Dic. 22-26 El yen mostró algo de fuerza durante la semana, pero cedió estas ganancias y más, como USD / JPY subió 140 puntos la semana pasada. Hay nueve eventos esta semana. Aquí está una perspectiva de los principales acontecimientos que mueven el yen y un análisis técnico actualizado para USD / JPY. Lo más destacado de la semana fue la declaración de política de la Reserva Federal. Los analistas de mercado señalaron que las declaraciones anteriores generalmente indican que la Fed mantendrá las tasas bajas por un "tiempo considerable", pero la declaración de diciembre cambió la terminología, diciendo que la Fed sería "paciente" antes de elevar las tasas. La declaración fue seguida por un halcón Yellen, que empujó duramente el yen. Yellen fue más claro que la declaración de la Fed, insinuando ampliamente que la Fed podría elevar las tasas en el segundo trimestre de 2015. En Japón, el Banco de Japón mantuvo su postura monetaria, una política que ha llevado a un comercio de yenes a mínimos de varios años Frente al dólar estadounidense. Actualizaciones: 23 de diciembre, 15:42: Crecimiento del PIB mantiene la Fed en la tracción. La liquidación de 2014 ha facilitado una rutina cautelosamente optimista en los mercados de renta variable, con el sentimiento de los inversionistas logrando. Dic 23, 10:09: Elecciones presidenciales en Grecia. Los mercados de divisas han caído en lo que sólo se puede describir como un sueño de fin de año, con rangos que se han reducido sustancialmente. Dic 22, 11:49: EUR / USD, GBP / USD, USD / JPY Análisis técnico, puntos de pivote & # 8211; 22 de diciembre de 2014. EURUSD Pívots diarios R3 1,2364 R2 1,2332 R1 1,2282 Pivote 1,225 S1 1,2199 S2 1,2168 S3 1,2117 EURUSD es. Dic 22, 10:23: EURJPY siguiendo la tendencia alcista de Niza. El euro vendió bajo presión contra el dólar estadounidense, pero mostró resistencia frente al yen japonés. El EURJPY. Dic 22, 9:26: Semana de negociación acortada. El dólar se encuentra cerca de los máximos para el año a medida que entramos en lo que será una semana de negociación acortada. Sus. Gráfico USD / JPY con líneas de soporte y resistencia en él: BOJ Informe Mensual. Lunes, 5:00. Este informe menor contiene datos estadísticos, así como un análisis detallado de las condiciones económicas actuales y futuras. Es poco probable que tenga mucho efecto sobre USD / JPY. Minutas de la Reunión de Política Monetaria del BOJ. Miércoles, 23:50. Las actas proporcionan detalles de la reunión de política anterior del BOJ la semana pasada. En la reunión, el BOJ mantuvo su estímulo monetario a un ritmo de ¥ 80 billones al año. El Gobernador del BOJ, Haruhiko Kuroda, habla. Jueves, 3:45. Kuroda hablará en Tokio. Los mercados estarán buscando pistas sobre la política monetaria futura del BOJ. Inicio de la casa. Jueves, 5:00. El indicador sigue registrando fuertes descensos. La liberación de octubre llegó en -12.3%, mejor que la estimación de -14.5%. Déficit comercial, con la última liberación mejorando a JPY -0.98 billones. Los mercados esperan más de lo mismo en la versión de noviembre, con una estimación de -12,6%. Gasto en los hogares. Jueves, 23:30. El gasto de los hogares es una importante liberación del gasto del consumidor. El indicador sigue registrando descensos, señalando a un consumidor preocupado que está recortando el gasto. La lectura anterior llegó a -4,0%, superando la estimación de -4,8%. Los mercados esperan una caída del 3,5% en el próximo lanzamiento. Tokyo Core CPI. Jueves, 23:50. Este índice es el indicador primario de la inflación al consumidor, y debe ser tratado por los comerciantes como un movimiento del mercado. El indicador ha estado perdiendo terreno lentamente desde mediados del año, y se redujo a 2,4% en noviembre, justo por encima del pronóstico de 2,3%. Se espera que la tendencia a la baja continúe, con una estimación de diciembre de 2.3%. Producción Industrial Preliminar. Jueves, 23:50. Este es un importante indicador de fabricación tiende a mostrar una buena cantidad de fluctuación, lo que resulta en lecturas que a menudo están muy lejos de las estimaciones. En noviembre, el indicador llegó a + 0,2%, sorprendiendo los mercados que habían pronosticado una lectura de -0,4%. El pronóstico para diciembre se sitúa en el 1,0%. ¿El indicador cumplirá o superará esta predicción? Ventas al por menor . Jueves, 23:50. Las ventas al por menor son el indicador primario del gasto del consumidor, un componente clave del crecimiento económico. El indicador ha estado registrando ganancias fuertes, con la liberación de noviembre que viene en el 1.4%, apenas shy de la proyección de 1.5%. La previsión para la lectura de diciembre es de 1,2%. Ganancias en efectivo promedio. Viernes, 1:30. Este indicador ayuda a medir el ingreso disponible, que está estrechamente relacionado con el gasto de los consumidores. El indicador se encuentra en una fuerte tendencia a la baja y cayó a 0,5% el mes pasado, su menor lectura desde junio. Se espera otra ganancia de 0.5% en el próximo lanzamiento. * Todas las horas son GMT Análisis Técnico USD / JPY El dólar / yen comenzó la semana en 118.61. El par cayó todo el camino a 115,62, pero luego rebotó bruscamente, trepando a 119,62, como la resistencia se mantuvo firme en 119,88 (discutido la semana pasada). USD / JPY cerró la semana en 119.56. Gráfico en vivo de USD / JPY: Líneas técnicas de arriba hacia abajo: 124.16 marcó el comienzo de un rally de yenes en junio de 2007, con lo que el USD / JPY cayó al nivel 96. 122.19 sigue siendo una línea de resistencia fuerte que se ha mantenido firme desde julio de 2007. La línea de resistencia siguiente es 121.39. 119.88 se mantuvo firme mientras el dólar se recuperaba y se movía más alto. Es una línea débil y estará bajo presión al comienzo de la semana. 117.94 está proporcionando apoyo. Comenzó la semana bajo presión, pero se ha fortalecido como el par de operaciones por encima de 119. 116.82 se probó por primera vez desde mediados de noviembre. En ese momento, el dólar estaba en medio de un rally que vio subir USD / JPY por encima de la línea 121. 114.65 has remained intact since December 2007, when the yen posted a strong rally which saw USD/JPY drop below the 96 line. 113.79 is the final support level for now. It has held firm since early November. I am bullish on USD/JPY The yen posted some impressive gains two weeks ago, but the dollar has recovered as USD/JPY is knocking on the doorstep of the key 120 level. Will the pair push above this line next week? The divergence in monetary stance continues to favor the dollar. With the large number of Japanese events this week, USD/JPY could be busy. In our latest podcast, we run down all aspects of the Fed decision, discuss the running down of oil, the run down Russian ruble and the weak currency down under: Gold Trade Update 26th Feb 2016 February 26, 2016 Good Evening Forex Friends Gold is near to its support of symmetric triangle.Watching area is around 1214-17.We will look for sell entry if we get closing below this level.Please keep in mind price can also bounce from the support to touch resistance again.Please wait for the candle closing before enter the market.Today is market closing. today closing will clear the setup.We will post trade entries at starting of next week. Wish you good luck and happy weekend Never risk more then 2% of your account capital in single trade.Always trade with proper risk management plan. Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome Mati Ur Rehman Gold Analyst @ forex.today Click to add a comment You must be logged in to post a comment Login Deja una respuesta You must be logged in to post a comment. Forex Trading Ideas February 26, 2016 Mati Ur Rehman is trading forex since 2007.Having proof track record. He is specialist in Gold and have many followers around the globe Noticias en tiempo real después de las horas previas al mercado Resumen de cotizaciones de Flash Cotizaciones interactivas Configuración predeterminada Tenga en cuenta que una vez que haga su selección, se aplicará a todas las futuras visitas a NASDAQ.com. Si, en cualquier momento, está interesado en volver a nuestra configuración predeterminada, seleccione Ajuste predeterminado anterior. Si tiene alguna pregunta o tiene problemas para cambiar la configuración predeterminada, envíe un correo electrónico a [email protected] Confirme su selección: Ha seleccionado cambiar la configuración predeterminada para la Búsqueda de cotizaciones. Ahora será su página de destino predeterminada; A menos que vuelva a cambiar la configuración o que elimine las cookies. ¿Seguro que desea cambiar la configuración? Tenemos un favor que preguntar Deshabilite su bloqueador de anuncios (o actualice sus configuraciones para asegurarse de que se habilitan javascript y cookies), de modo que podamos seguir proporcionándole las noticias y los datos de primera clase del mercado que espera de nosotros. Liquidity Notification --- November 28th & 29th, 2013 (U.S. Thanksgiving Holiday) Dear Valued Clients, The 28th November (Thursday) is an official holiday in the United States. Please note that on 28 and 29 November there can be changes in forex liquidity. Spreads can be widen and gaps can occur. 18:15 - 23:00 GMT, 28 November trading on Metals will be closed. 18:45 GMT, 29 November trading on Metals will be closed till Sunday. 29 October 2013 Server time will be changed on 3 November 2013 On the morning of Sunday, November 3rd, 2013 Daylight Saving Time will end in the United States. As a result, the time of our trading servers will be changed to GMT+2 (from GMT+3 that is now). Please also note that it will affect trading sessions times according to GMT. The fresh schedule will be published on Saturday, November 2nd, here. 21 October 2013 The List of Exotic Pairs that will be no longer supported starting from 27 October Due to the numbers of error quotations received from liquidity providers the quotations for the following currency pairs will be temporary stopped till the issue is solved. All the open positions on these pairs will be automatically closed by the server on 25 October. Please accept our apologies for the inconvenience caused. List of the currency pairs: AUDNOKv, AUDSEKv, CADNOKv, CADSEKv, CADSGDv, EURCZKv, EURHUFv, EURMXNv, EURZARv, GBPDKKv, GBPNOKv, GBPSEKv, GBPSGDv, GBPZARv, NOKJPYv, NOKSEKv, NZDSEKv, NZDSGDv, USDHUFv, ZARJPYv IAIR Awards 2013 Excellence in FX Services Trading in the foreign exchange market might carry potential rewards, but there are also potential risks. Potential risks are limited with the amount of the deposit. You must be aware of the risks and be willing to accept them in order to trade in the foreign exchange market. Please be advised that services described on profiforex.com are not being offered within the United States and not being offered to U.S. residents or citizens. Copyright © 2010-2016 Profiforex Noticias en tiempo real después de las horas previas al mercado Resumen de cotizaciones de Flash Cotizaciones interactivas Configuración predeterminada Tenga en cuenta que una vez que haga su selección, se aplicará a todas las futuras visitas a NASDAQ.com. Si, en cualquier momento, está interesado en volver a nuestra configuración predeterminada, seleccione Ajuste predeterminado anterior. Si tiene alguna pregunta o tiene problemas para cambiar la configuración predeterminada, envíe un correo electrónico a [email protected] Confirme su selección: Ha seleccionado cambiar la configuración predeterminada para la Búsqueda de cotizaciones. Ahora será su página de destino predeterminada; A menos que vuelva a cambiar la configuración o que elimine las cookies. ¿Seguro que desea cambiar la configuración? Tenemos un favor que preguntar Deshabilite su bloqueador de anuncios (o actualice sus configuraciones para asegurarse de que se habilitan javascript y cookies), de modo que podamos seguir proporcionándole las noticias y los datos de primera clase del mercado que espera de nosotros. DST and Easter Weekend Change to daylight savings time: This Sunday, 27 th March, clocks will be set forward by one hour in many countries of the northern hemisphere. While there is no change in the Dukascopy opening hours from Sundays at 21:00 GMT to Fridays at 21:00 GMT, the change to summertime means that market will again open at the normal time of 23:00 for Western European Traders. In Europe clocks will be set back to wintertime on Sunday 30th October 2016. Easter Weekend market hours: The detailed market hours for FX, Bullion and CFD markets can be found here . Please beware of low liquidity and the possibility of interruptions on Friday 25 th March and Monday 28 th March. Meet Dukascopy in Poland on March 11 th and 12 th Dukascopy Europe (EU-based subsidiary of Dukascopy Bank SA) is participating in "Expo FXCuffs 2016" exhibition in Krakow on March 11 th and 12 th . You are welcome to visit our booth during the exhibition days and meet our representatives in person. CFD on single stocks launched on DEMO The range of tradable CFD instruments at Dukascopy Bank and Dukascopy Europe has been extended by one more type of instrument — CFD on single stocks. The start is made with 35 stocks of one of the top European markets — Germany. Currently the new instruments are available in DEMO and for Self-Trading accounts only, but LIVE environment is to follow soon. New CFD instruments can be added using the instrument selector in the trading platform. The plan is to gradually launch CFDs on the most interesting shares from all major stock markets. Change to Daylight Saving Time Clocks will be advanced by 1 hour this Sunday 13 March in the US eastern time zone (EST). The FX trading day ending at 5pm NY time, Dukascopy Market opening and settlement time will be changed from 22:00 GMT to 21:00 GMT effectively this Sunday 13 March 2016. Clocks will return to Winter schedule on Sunday 6th November. Reduction of maximum leverage on HKD positions (updated) Following yesterday’s announcement regarding the impending reduction of maximum leverage on USD/HKD currency pair to 1:10 amidst concerns of peg abolition and possible subsequent high volatility and low liquidity, we would like to specify that this reduction will also be applied to all HKD pairs, including HKD/JPY, CAD/HKD and EUR/HKD. Reduced leverage on HKD-containing pairs has already been applied to accounts with no open HKD positions. We remind that reduction of maximum leverage for HKD positions to 1:10 on remaining accounts will happen on 9 March 2016 at 11:00 GMT. Reduction of maximum leverage on USD/HKD exposures Due to possibility of abolishment of the USD/HKD peg and the probable subsequent high volatility and low liquidity on that currency pair, there is an increasing risk of significant price gaps, which may cause negative equity on client accounts. Because of that Dukascopy Bank and Dukascopy Europe are forced to reduce maximum leverage for exposures on USD/HKD to 1:10 as of 9 March 2016 at 11:00 GMT. Traders are invited to estimate their margin usage at the moment that the leverage reduction on USD/HKD will be applied and adjust their exposure if needed. Please note that for all accounts where there is no such USD/HKD exposure the lower maximum leverage will be applied today, 3 March 2016 after 14:00 GMT. 16 February 2016 Meet Dukascopy in London on February 19 th Dukascopy Europe (EU-based subsidiary of Dukascopy Bank SA) is participating in " London Forex Show " exhibition on Friday, February 19 th . You are welcome to visit our booth during the exhibition day and meet our representatives in person. 12 February 2016 Beware of reduced liquidity on Monday 15 February due to US market closure on Presidents day. FX • Regular trading hours GOLD & SILVER • Trading stops at 18:00 GMT on Monday 15 February • Markets re-open at 23:00 GMT on Monday 15 February CFD INDEXES • Trading stops at 18:00 GMT on Monday 15 February for the USA30.IDX/USD, USATECH.IDX/USD, USA500.IDX/USD • Markets re-open at 7:00 GMT on Tuesday 16 February • Trading stops at 18:00 GMT on Monday 15 February for the JPN.IDX/JPY • Markets re-open at 1:00 GMT on Tuesday 16 February CFD COMMODITIES • Trading stops at 18:00 GMT on Monday 15 February for the LIGHT.CMD/USD • Markets re-open at 23:00 GMT on Monday 15 February 05 February 2016 Dukascopy TV on Android Smart TV Dukascopy TV application now supports Android Smart TV. Dukascopy TV is one of the richest sources of Forex-related shows, with daily broadcasts that you can watch on your Android Smart TV. Dukascopy TV provides access to daily news releases, technical and fundamental analysis of market trends, and much more. Click here for more information and download link. Apple TV version is under development and will be available shortly. 05 February 2016 Market closures during Chinese New Year FX Regular trading hours Beware of reduced liquidity for USDCNH and HKD instruments during Chinese New Year celebrations next week. GOLD & SILVER Regular trading hours CFD Trading remains closed on Monday 8 February, Tuesday 9 February and 10 February for the HKD.IDX/HKD The Market re-opens at 1:30 GMT on Thursday 11 February Forex Weekly Outlook – December 22-26th 2008 The upcoming week will feature very thin trading due to the holiday of Christmas. Trading will become thinner as week unfolds. New Zealand Dollar in focus For those of you not on vacation, an interesting pair to watch this week will be the NZD/USD. A few major economic figures will be released this week in the land of the Kiwi. The week begins early, Sunday 21:45 GMT, with a release of the Current Account. It’s expected to drop by 6 billion compared to the previous quarter. Note that in the previous quarter, the figure always failed to reach expectations. Exactly 24 hours later, Forex traders will receive the GDP figure from New Zealand. Like in other Western countries, a retraction is expected – here at 0.5%. Recession is everywhere. Another figure to watch is the Westpac Consumer Sentiment, due on Monday, at 13:00 GMT. This is a good barometer of the consumer sentiment in New Zealand. It will probably be below 100, showing pessimism. This week also presents a few interesting figures in other places. In the UK, the Current Account is due on Monday, and will be closely watched by traders of the beaten pound. In Canada, the GDP will be announced on Christmas Eve, on Wednesday. Eager traders on the CAD will not go on holiday before this figure is released. Also in Canada, recession is around – the figure is due to fall 0.3%. And in the land of the greenback, Existing Home Sales (4.90M expected) and New Home Sales (417K expected) will be published on Tuesday. The real estate market, which is in the center of global crisis, will give it’s tone here. And just before the holiday, this week’s Unemployment Claims will come one day early – on Wednesday. They are expected to stay at around 550K. At the same time, 13:30 GMT, the Core Durable Goods Orders m/m will be release, and will also be closely watched. On Christmas day and Boxing Day, most banks and traders around the world will be closed. Only in Japan, some data will be released, but hardly anyone will look at it. High volume isn’t expected… sobre el autor Yohay Elam - Fundador, Escritor y Editor He estado en el mercado de Forex por más de 5 años, y comparto la experiencia que tengo y el conocimiento que he acumulado. Después de tomar un curso corto sobre forex. Al igual que muchos comerciantes de forex, he ganado la parte significativa de mi conocimiento de la manera difícil. La macroeconomía, el impacto de las noticias en los siempre cambiantes mercados de divisas y la psicología comercial siempre me han fascinado. Antes de fundar Forex Crunch, he trabajado como programador en varias empresas de alta tecnología. Tengo un B. Sc. En Ciencias de la Computación de la Universidad Ben Gurion. Dado este fondo, el software de la divisa tiene una parte relativamente mayor en los postes. Artículos Relacionados &dupdo; 2011 & ndash; 2016 Forex Broker Inc. El sitio web www.forexbrokerinc.com es operado por Gridley Enterprises SA. Una sociedad constituida en la República de las Islas Marshall con domicilio social en Ajeltake Road, Ajeltake, Majuro, Islas Marshall y con el número de registro 696l5. Los servicios de pago son operados por Delinus Doo, PODGORICA Cetinjski, puesto bb 81000, Podgorica, Montenegro; Así como de la empresa británica Global Noble Services LLP con domicilio social en Suite 15, 254 Belsize Road, Londres, Reino Unido NW6 4BT y número de compañía OC394808. Nuestro equipo profesional de soporte al cliente bien formado está disponible 24 horas al día, 7 días a la semana para ayudarle en cualquier problema técnico que pueda ocurrir o para responder a sus preguntas sobre Forex Broker Inc. y sus productos ofrecidos. Cualquier información y software proporcionado por ForexBrokerInc.com no tiene la intención de solicitar a los ciudadanos o residentes de los EE.UU. con el fin de la negociación financiera. &dupdo; 2011 & ndash; 2015 Forex Broker Inc. ¡Lo siento! ¡Lo siento! 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Póngase en contacto con nuestro equipo de asistencia al +1 800 217 67 07 para que puedan recopilar su información de contacto y recibirá un bono de $ 10 sin depósito. Pedimos disculpas por cualquier inconveniente y gracias por su paciencia. Todas las futuras transferencias bancarias deben ser enviadas a la siguiente Información Bancaria: Weekly Forex Market Recap for the Week of February 22nd through February 26th Published: February 26, 2016 at 12:55 PM Key Fundamental Forex Events for the Week of February 22nd through February 26th The following table lists the key economic data and other events that came out during the week of February 22nd through February 26th, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Sunday, February 21st 10:10pm AUD RBA Assistant Governor Debelle said that, “In the local market, there appears to be growing interest in using risk-free rates as benchmarks. Such a rate could be backward looking, like the cash rate, or forward looking, like OIS rates. As a first step, some market participants have indicated that a total return index of the cash rate would be a useful backward-looking benchmark. Implementing this would be straightforward, since the RBA already calculates and publishes the cash rate.” The currency rose. Monday, February 22nd 8:00am EUR French Flash Manufacturing PMI 50.3 versus 49.9 expected. The currency fell. 8:00am EUR French Flash Services PMI 49.8 versus 50.4 expected. The currency fell. 8:15am CHF PPI -0.4% versus -0.2% expected. The currency rose. 8:30am EUR German Flash Manufacturing PMI 50.2 versus 52.1 expected. The currency fell. 8:30am EUR German Flash Services PMI 55.1 versus 54.8 expected. The currency fell. 9:00am EUR Flash Manufacturing PMI 51.0 versus 52.1 expected. The currency fell. 9:00am EUR Flash Services PMI 53.0 versus 53.4 expected. The currency fell. Tuesday, February 23rd 9:00am EUR German Ifo Business Climate 105.7 versus 107.0 expected. The currency fell. 10:00am GBP Inflation Report Hearings: Governor of the BOE, Mark Carney testified that, “Let me just put one figure on the table. Since 2008, the largest UK banks have raised £130 billion of common equity—not of Tier 2 capital, not of CoCos, not of bail-inable debt, but of common equity. On top of that, they have quite substantially reduced the size of their balance sheet—de-risked their balance sheets. They have cut their interbank lending by more than two thirds. They have increased their liquid assets—on balance sheet, not contingent—by four times. These are huge changes and I think we are all aware that, since the start of the year, bank stocks have been under pressure. They have been under pressure on the continent, in the US and also in the UK.” The currency fell. 11:15am CHF SNB Chairman Jordan said that, “For countries neighbouring the euro area, conducting an independent monetary policy has become more difficult since the onset of the financial crisis in 2008. This is particularly true of small open economies with both strong trade links to the euro area and currencies prone to increased pressure in times of crisis, for example Switzerland, the Czech Republic, Denmark and Sweden. With the exception of Denmark, these countries chose to continue pursuing an independent monetary policy following the introduction of the euro. The experiences of these countries, both shared and divergent, provide three conclusions about monetary policy in such economies.” The currency fell. 3:00pm USD CB Consumer Confidence 92.2 versus 97.4 expected. The currency rose. 3:00pm USD Existing Home Sales 5.47M versus 5.37M expected. The currency rose. 5:00pm GBP MPC Member Haldane said that, “The financial crisis has led policy makers around the world to question and rethink the established set of frameworks and paradigms for understanding the modern economy and financial system. And a number of Central Banks have developed, or are in the process of developing, new tools and policy levers to better understand and moderate the dynamics of economic and financial systems.” The currency fell. Wednesday, February 24th 12:30am AUD Construction Work Done -3.6% versus -2.1% expected. The currency fell. 12:30am AUD Wage Price Index 0.5% versus 0.6% expected. The currency fell. 1:30am USD FOMC Member Fischer said that, “With the federal funds rate still quite low and expected to rise only gradually, there is some benefit to maintaining a larger balance sheet for a time. Doing so should help support accommodative financial conditions and so reduce the risks to the economy in the event of an adverse shock. Consistent with this view, the Committee has decided to continue to reinvest principal payments from its securities portfolio until normalization of the federal funds rate is well under way. The decision about when to cease or begin phasing out reinvestment will depend on how economic and financial conditions and the economic outlook evolve.” The currency fell. 3:00pm USD New Home Sales 494K versus 522K expected. The currency fell. 3:30pm USD Crude Oil Inventories 3.5M versus 2.0M expected. The currency fell. 5:50pm CAD Governor Council Member Schembri said that, “Since the crisis, the Bank has kept its policy interest rate relatively low, by historical standards, to support economic growth and thereby achieve its primary goal of returning inflation to the 2 per cent target within a reasonable time frame. Because we conduct monetary policy within a risk-management framework, we recognize that elevated household debt could represent a risk to financial stability. Although we have the flexibility to choose a different path for interest rates to restrain the accumulation of household debt and mitigate vulnerabilities in the financial system, we have focused on attaining the 2 per cent inflation target.” The currency rose. 6:10pm GBP MPC Member Cunliffe said that, “The labour market has clearly become much tighter. And if pay is being held down by cyclical or scarring effects, these could change quickly. And there has been a substantial depreciation in sterling in the past three months which will push up on inflation, possibly more quickly than the usual prolonged lag between changes in the exchange rate and inflation. But with interest rates near the effective lower bound, with powerful disinflationary forces from abroad likely to persist for the next year, with low growth in unit labour costs and with an economy growing at around 2%, I think this is the lesser risk.” The currency fell. Thursday, February 25th 12:00am USD FOMC Member Bullard said that, “Asset price bubbles have plagued the U.S. economy over the last two decades. Steps toward normalization of U.S. monetary policy help to lessen the risk that very low interest rates might feed into a third major asset price bubble in the U.S. The recent sell-off in global equity markets, along with increases in risk spreads in corporate bond markets, may have made this risk less of a concern over the medium term.” The currency fell. 12:30am AUD Private Capital Expenditure 0.8% versus -3.1% expected. The currency rose. 9:00am EUR M3 Money Supply 5.0% versus 4.7% expected. The currency rose. 9:30am GBP Second Estimate GDP 0.5% versus 0.5% expected. The currency rose. 9:30am GBP Preliminary Business Investment -2.1% versus 0.6% expected. The currency rose. 10:00am EUR Final CPI 0.3% versus 0.4% expected. The currency rose. 1:30pm USD Core Durable Goods Orders 1.8% versus 0.2% expected. The currency fell. 1:30pm USD Weekly Initial Jobless Claims 272K versus 271K expected. The currency fell. 1:30pm USD Durable Goods Orders 4.9% versus 3.0% expected. The currency fell. 9:45pm NZD Trade Balance 8M versus -250M expected. The currency rose. 11:30pm JPY Tokyo Core CPI -0.1% versus 0.0% expected. The currency fell. Friday, February 26th 3:15am GBP BOE Governor Carney said that, “Central banks must set their policy rates with regard to equilibrium interest rates in order to maintain demand growth in line with supply growth and to stabilise inflation. Setting real interest rates substantially above the equilibrium rate would, in time, generate rising unemployment and falling prices. The opposite is true of setting rates substantially below the equilibrium rate. The substantial variance of the equilibrium rate over time means that a 4% policy rate would have been highly stimulative in 1980 but would be highly contractionary today.” The currency rose. All Day EUR German Preliminary CPI 0.6% versus last -0.8%. The currency fell. 8:00am EUR Spanish Flash CPI -0.8% versus -0.5% expected. The currency fell. Day 1 ALL G20 Meetings 1:30pm USD Preliminary GDP 0.4% versus last 0.7%. The currency fell. 1:30pm USD Core PCE Price Index 0.1% versus last 0.0%. The currency fell. 1:30pm USD Goods Trade Balance -61.1B versus last -61.5B. The currency fell. 1:30pm USD Personal Spending 0.3% versus last 0.0%. The currency fell. 3:00pm USD Revised University of Michigan Consumer Sentiment 91.1 versus last 90.7. The currency fell. 3:15pm USD FOMC Member Powell said that, “In the statement released after its October 2015 meeting, the Committee reemphasized data dependence and focused on the importance of incoming data for the Committee's decision "at its next meeting," which led the market to increase its estimated probability of a December rate increase from 38 percent to 50 percent.14 The October and November non-farm payroll reports came in strong and above expectations, raising that probability by the time of the December meeting to about 90 percent. In other words, the Committee used modest time-based guidance to set the stage and then let incoming data do the heavy lifting.” The currency fell. 6:30pm USD FOMC Member Brainard has not yet spoken. The currency fell. Saturday, February 27th Day 2 ALL G20 Meetings Technical Recap for the Majors This Week EURUSD . Forecast: Midly higher Actual: Lower from a 1.11081 open to a 1.09331 close. USDJPY . Forecast: Mildly lower Actual: Higher from a 112.534 open to 113.832 close. GBPUSD . Forecast: Mildly higher Actual: Lower from a 1.42724 open to a 1.3871 close. AUDUSD . Forecast: Higher Actual: Mildly lower from a 0.71540 open to 0.7132 close. USDCAD . Forecast: Mildly lower Actual: Lower from a 1.37683 open to a 1.35477 close. NZDUSD: Forecast: Mildly lower Actual: Mildly lower from a 0.66398 open to a 0.6637close. Sobre nosotros OptiLab Partners AB Fatburs Brunnsgatan 31 118 28 Estocolmo Suecia La negociación de divisas en margen conlleva un alto nivel de riesgo, y puede no ser adecuado para todos los inversores. El alto grado de apalancamiento puede trabajar en su contra, así como para usted. Antes de decidir invertir en divisas debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Ninguna información o opinión contenida en este sitio debe ser tomada como una solicitud u oferta para comprar o vender cualquier moneda, capital u otros instrumentos financieros o servicios. El rendimiento pasado no es ninguna indicación o garantía de rendimiento futuro. Por favor, lea nuestra renuncia legal. 2014 December Legal Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. El alto grado de apalancamiento puede trabajar en su contra, así como para usted. Antes de decidir intercambiar divisas debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Existe la posibilidad de que usted podría sostener una pérdida de parte o la totalidad de su inversión inicial y por lo tanto no debe invertir dinero que no puede permitirse perder. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DST and Easter Weekend Change to daylight savings time: This Sunday, 27 th March, clocks will be set forward by one hour in many countries of the northern hemisphere. While there is no change in the Dukascopy opening hours from Sundays at 21:00 GMT to Fridays at 21:00 GMT, the change to summertime means that market will again open at the normal time of 23:00 for Western European Traders. In Europe clocks will be set back to wintertime on Sunday 30th October 2016. Easter Weekend market hours: The detailed market hours for FX, Bullion and CFD markets can be found here . Please beware of low liquidity and the possibility of interruptions on Friday 25 th March and Monday 28 th March. Meet Dukascopy in Poland on March 11 th and 12 th Dukascopy Europe (EU-based subsidiary of Dukascopy Bank SA) is participating in "Expo FXCuffs 2016" exhibition in Krakow on March 11 th and 12 th . You are welcome to visit our booth during the exhibition days and meet our representatives in person. CFD on single stocks launched on DEMO The range of tradable CFD instruments at Dukascopy Bank and Dukascopy Europe has been extended by one more type of instrument — CFD on single stocks. The start is made with 35 stocks of one of the top European markets — Germany. Currently the new instruments are available in DEMO and for Self-Trading accounts only, but LIVE environment is to follow soon. New CFD instruments can be added using the instrument selector in the trading platform. The plan is to gradually launch CFDs on the most interesting shares from all major stock markets. Change to Daylight Saving Time Clocks will be advanced by 1 hour this Sunday 13 March in the US eastern time zone (EST). The FX trading day ending at 5pm NY time, Dukascopy Market opening and settlement time will be changed from 22:00 GMT to 21:00 GMT effectively this Sunday 13 March 2016. Clocks will return to Winter schedule on Sunday 6th November. Reduction of maximum leverage on HKD positions (updated) Following yesterday’s announcement regarding the impending reduction of maximum leverage on USD/HKD currency pair to 1:10 amidst concerns of peg abolition and possible subsequent high volatility and low liquidity, we would like to specify that this reduction will also be applied to all HKD pairs, including HKD/JPY, CAD/HKD and EUR/HKD. Reduced leverage on HKD-containing pairs has already been applied to accounts with no open HKD positions. We remind that reduction of maximum leverage for HKD positions to 1:10 on remaining accounts will happen on 9 March 2016 at 11:00 GMT. Reduction of maximum leverage on USD/HKD exposures Due to possibility of abolishment of the USD/HKD peg and the probable subsequent high volatility and low liquidity on that currency pair, there is an increasing risk of significant price gaps, which may cause negative equity on client accounts. Because of that Dukascopy Bank and Dukascopy Europe are forced to reduce maximum leverage for exposures on USD/HKD to 1:10 as of 9 March 2016 at 11:00 GMT. Traders are invited to estimate their margin usage at the moment that the leverage reduction on USD/HKD will be applied and adjust their exposure if needed. Please note that for all accounts where there is no such USD/HKD exposure the lower maximum leverage will be applied today, 3 March 2016 after 14:00 GMT. 16 February 2016 Meet Dukascopy in London on February 19 th Dukascopy Europe (EU-based subsidiary of Dukascopy Bank SA) is participating in " London Forex Show " exhibition on Friday, February 19 th . You are welcome to visit our booth during the exhibition day and meet our representatives in person. 12 February 2016 Beware of reduced liquidity on Monday 15 February due to US market closure on Presidents day. FX • Regular trading hours GOLD & SILVER • Trading stops at 18:00 GMT on Monday 15 February • Markets re-open at 23:00 GMT on Monday 15 February CFD INDEXES • Trading stops at 18:00 GMT on Monday 15 February for the USA30.IDX/USD, USATECH.IDX/USD, USA500.IDX/USD • Markets re-open at 7:00 GMT on Tuesday 16 February • Trading stops at 18:00 GMT on Monday 15 February for the JPN.IDX/JPY • Markets re-open at 1:00 GMT on Tuesday 16 February CFD COMMODITIES • Trading stops at 18:00 GMT on Monday 15 February for the LIGHT.CMD/USD • Markets re-open at 23:00 GMT on Monday 15 February 05 February 2016 Dukascopy TV on Android Smart TV Dukascopy TV application now supports Android Smart TV. Dukascopy TV is one of the richest sources of Forex-related shows, with daily broadcasts that you can watch on your Android Smart TV. Dukascopy TV provides access to daily news releases, technical and fundamental analysis of market trends, and much more. Click here for more information and download link. Apple TV version is under development and will be available shortly. 05 February 2016 Market closures during Chinese New Year FX Regular trading hours Beware of reduced liquidity for USDCNH and HKD instruments during Chinese New Year celebrations next week. GOLD & SILVER Regular trading hours CFD Trading remains closed on Monday 8 February, Tuesday 9 February and 10 February for the HKD.IDX/HKD The Market re-opens at 1:30 GMT on Thursday 11 February Friday: 18th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a Higher open with the SPI Futures Higher. USD falls 1% again = bullish commodities. ** This Morning note will not be available from the 21st thru the EASTER HOLIDAYS. Will be back on […] Thursday: 17th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a Higher open with the SPI Futures Higher. USD falls 1% after Janet speaks. Actions that will make a difference, sign up for the Monday 9.30am webinar. Ask questions. ** If you are starting out in […] Wednesday: 16th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a Lower open with the SPI Futures Lower. Actions that will make a difference, sign up for the Monday 9.30am webinar. Ask questions. ** If you are starting out in trading, get some Education first, […] Tuesday: 15th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a higher open with the SPI Futures Higher. Actions that will make a difference, sign up for the Monday 9.30am webinar. Ask questions. ** If you are starting out in trading, get some Education first, […] Monday: 14th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a higher open with the SPI Futures Higher. Public holiday in Victoria and Tasmania Europe goes to zero, interest rates. AUD over 75cents, Todays quiz question is, what is the wording for TLTRO? Actions that […] End of 2014 Holiday Season Trading Hours Over the Christmas and New Year period there will be a number of market closures and changes to trading hours. It is important that all traders are aware of the changes. At this time of the year there could also be unexpected volatility and times when liquidity is low, so we always recommend that traders have adequate margins in place. If it is necessary to send funds to increase trading margins it is best to plan ahead as international money transfer services may be slower than normal. All the timings have been given as GMT. ADS Securities Christmas Schedule – Wednesday 24th December to Friday 26th December 2014 Spot FX Wednesday 24th December – trading stops at 17:00 GMT Friday 26th December – trading reopens at 04:00 GMT Spot Metals and all US Commodity CFDs Wednesday 24th December – trading stops at 17:15 GMT Friday 26th December – trading reopens at 04:00 GMT CFDs on US Individual Equities Wednesday 24th December – trading stops at 17:15 GMT Friday 26th December – trading reopens at 14:30 GMT CFDs on US Equity Indices Wednesday 24th December – trading stops at 17:15 GMT Friday 26th December – trading reopens at 04:00 GMT CFDs on US T Bond Wednesday 24th December – trading stops at 17:15 GMT Friday 26th December – trading reopens at 04:00 GMT CFDs on USDX Wednesday 24th December – trading stops at 17:00 GMT Friday 26th December – trading reopens at 04:00 GMT ADS Securities New Year’s Schedule – Wednesday 31st December to Friday 2nd January 2015 Spot FX Wednesday 31st December – trading stops at 18:00 GMT Thursday 1st January – trading reopens at 23:00 GMT Spot Metals and all US Commodity CFDs Wednesday 31st December– trading stops at 18:00 GMT Thursday 1st January – trading reopens at 23:00 GMT CFDs on US Individual Equities Wednesday December 31st – trading stops at 18:00 GMT Friday 2nd January – trading reopens at 14:30 GMT CFDs on US Equity Indices Wednesday 31st December – trading stops at 18:00 GMT Thursday 1st January – trading reopens at 23:00 GMT CFDs on US T Bond Wednesday 31st December – trading stops at 18:00 GMT Thursday 1st January – trading reopens at 23:00 GMT CFDs on USDX Wednesday 31st December – trading stops at 18:00 GMT Thursday 1st January – trading reopens at 23:00 GMT Copyright © ADS Securities 2016. All rights reserved ADS Securities L.L.C. is a limited liability company incorporated under U.A.E. law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates. ADSS is licenced by the Central Bank of the United Arab Emirates to act as a financial and monetary intermediary in the conduct of financial and monetary brokerage business for the sale and purchase of currencies and intermediating in money market transactions as permitted in accordance with Central Bank Resolution Number 126/5/1995 (as amended) and to carry out certain categories of financial investment business as permitted under Central Bank Resolution Number 164/8/1994 (as amended). Trading foreign exchange, foreign exchange options, foreign exchange forwards, contracts for difference, bullion and other over-the-counter products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. Usted no puede necesariamente recuperar la cantidad que invirtió. All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation for you to buy or sell any over-the-counter product or other financial instrument. Friday: 18th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a Higher open with the SPI Futures Higher. USD falls 1% again = bullish commodities. ** This Morning note will not be available from the 21st thru the EASTER HOLIDAYS. Will be back on […] Thursday: 17th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a Higher open with the SPI Futures Higher. USD falls 1% after Janet speaks. Actions that will make a difference, sign up for the Monday 9.30am webinar. Ask questions. ** If you are starting out in […] Wednesday: 16th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a Lower open with the SPI Futures Lower. Actions that will make a difference, sign up for the Monday 9.30am webinar. Ask questions. ** If you are starting out in trading, get some Education first, […] Tuesday: 15th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a higher open with the SPI Futures Higher. Actions that will make a difference, sign up for the Monday 9.30am webinar. Ask questions. ** If you are starting out in trading, get some Education first, […] Monday: 14th March 2016: Opening Call. —> FP Markets Portfolio 2 is underway, check the website and register here—> http://www.fpmarkets.com.au/research/register/ The Australian market looks set for a higher open with the SPI Futures Higher. Public holiday in Victoria and Tasmania Europe goes to zero, interest rates. AUD over 75cents, Todays quiz question is, what is the wording for TLTRO? Actions that […] Forex Broker News for December 2013 Thursday 19th of December 2013 XM has launched a premium VPS offering tailored in particularly for its clients who operate Expert Advisors. It uses the latest generation technology and features optical fiber connectivity. Crucially however, its physical location is in very close proximity to the XM data center in London which ensures that the service is super fast and virtually eliminates any trace of latency. The service is powered by leading providers Beeks FX VPS, and features the following benefits: Online 24/7 Eliminates outages due to computer failure and power cuts Top spec hardware Accessible from anywhere Clients can request the service via the XM Members Area and is offered as an entirely free service to all clients who maintain a minimum balance of 5,000 USD and trade at least 5 standard round turn lots per month. Any other clients who do not meet these requirements but still wish to receive the service can do so for a monthly fee of just 28 USD. Thursday 19th of December 2013 HotForex would like to inform you in advance of their Trading and Support holiday schedule during the upcoming Christmas and New Year holidays. Please follow the link below for a detailed table of the customer service and trading hours between December 23, 2013 and January 02, 2014: HotForex thank you for your business, and wish you a very happy, healthy, and profitable new year! Usted está aquí: Inicio & raquo; Currency News » Forex Market: AUD/USD daily trading outlook February 17, 2016 10:08 am Yesterday’s trade saw AUD/USD within the range of 0.7078-0.7185. The pair closed at 0.7117, edging down 0.29% on a daily basis. It has been the 16th drop in the past 31 trading days and also the steepest one since February 5th, when the pair slumped 1.81%. In addition, the daily high has been the highest level since February 5th, when a high of 0.7229 was registered. At 10:06 GMT today AUD/USD was inching up 0.01% on the day to trade at 0.7118. The pair touched a daily high at 0.7122 at 10:03 GMT, undershooting the daily R1 level, and a daily low at 0.7085 at 7:05 GMT. On Wednesday AUD/USD trading may be influenced by the following macroeconomic reports listed below. Fundamentals United States Housing Starts, Building Permits The number of housing starts in the United States probably increased 2.5% to 1.177 million units in January, according to market expectations, from the seasonally adjusted annual rate of 1.149 million during the prior month. If expectations were met, this would be the highest number of starts since September 2015, when a figure of 1.206 million was reported. In December starts of single-family houses dropped at a monthly rate of 3.3% to 768 000, while starts of buildings with five units or more were 1.0% lower to reach 381 000. In December, housing starts fell in the Midwest (down 12.4% month-over-month), in the West (down 7.6%) and in the South (down 3.3%), while increasing in the Northeast (up 24.4%). Housing starts represent a gauge to measure residential units, on which construction has already begun every month. A start in construction is defined as the foundation laying of a building and it encompasses residential housing primarily. The number of building permits in the country probably edged down 0.1% to 1.200 million in January from a revised down annual level of 1.204 million in December (1.232 million previously). The latter has been the lowest number of permits since October 2015, when a level of 1.150 million was reported. Single-family authorizations increased at a monthly rate of 1.8% to reach 740 000 units in December, while permits of units in buildings with five units or more were reported to have fallen 11.4% to 492 000. Building permits are permits, issued in order to allow excavation. An increase in the number of building permits and housing starts usually occurs a few months after mortgage rates in the country have been reduced. Authorizations are not required in all regions of the United States. Building permits, as an indicator, also provide clues in regard to demand in the US housing market. In case a lower-than-anticipated figure is reported, this would have a moderate bearish effect on the US dollar. The official report is due out at 13:30 GMT. Producer Price Index Annual producer prices in the United States probably fell for a 12th month in a row in January, by 0.6%, according to the median estimate by experts. If so, this would be the lowest annual drop since February 2015, when producer prices fell 0.6% as well. In December the annualized Producer Price Index (PPI) dropped 1.0%. It reflects the change in prices of over 8 000 products, sold by manufacturers during the respective period. The Producer Price Index (PPI) differs from the Consumer Price Index (CPI), which measures the change in prices from consumer’s perspective, due to subsidies, taxes and distribution costs of different types of manufacturers in the country. In case producers are forced to pay more for goods and services, they are more likely to pass these higher costs to the end consumer. Therefore, the PPI is considered as a leading indicator of consumer inflation. In case annual producer prices fell at a lesser rate than anticipated, this would have a moderate bullish effect on the US dollar. The nation’s annualized core producer price inflation, which excludes prices of volatile categories such as food and energy, probably accelerated to 0.4% in January from 0.3% in December. The latter has been the lowest annual surge in the core PPI since October 2015. The Bureau of Labor Statistics is expected to report on the official PPI performance at 13:30 GMT. Industrial Production Industrial output in the United States probably expanded 0.4% in January, according to market expectations, following five consecutive months of contraction. In December industrial production shrank 0.4% from a month ago. In December activity in the US mining sector shrank 0.8% compared to a month ago, marking a fourth straight month of decline. The gauge for utilities registered a 2.0% monthly drop in December, as unusually warm weather conditions continued to weigh on demand for heating. Manufacturing production, which accounts for almost three quarters of total industrial production, fell 0.1% in December. Production of non-durable goods shrank 0.2%, while production of durable goods rose 0.1% during the month. At the same time, the gauge for other manufacturing industries (publishing and logging) declined 0.5%. In case the index of industrial output rose more than anticipated in January, this would have a moderate bullish effect on the US dollar. The Board of Governors of the Federal Reserve is to release the production data at 14:15 GMT. FOMC Minutes At 19:00 GMT the Federal Open Market Committee (FOMC) will release the minutes from its meeting on policy held on January 26th-27th. The minutes offer detailed insights on FOMC’s monetary policy stance. This release is closely examined by traders, as it may provide clues over interest rate decisions in the future. High volatility is usually present after the publication. In her testimony before the US Congress earlier in February, Fed Chair Janet Yellen expressed concerns that tighter financial conditions and macroeconomic developments abroad could influence the US overall economic outlook. According to excerpts from Yellen’s testimony before the Committee on Financial Services on February 10th: ”Financial conditions in the United States have recently become less supportive of growth, with declines in broad measures of equity prices, higher borrowing rates for riskier borrowers, and a further appreciation of the dollar. These developments, if they prove persistent, could weigh on the outlook for economic activity and the labor market, although declines in longer-term interest rates and oil prices provide some offset.” ”It is important to note that even after this increase, the stance of monetary policy remains accommodative. The FOMC anticipates that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate. In addition, the Committee expects that the federal funds rate is likely to remain, for some time, below the levels that are expected to prevail in the longer run.” ”…stronger growth or a more rapid increase in inflation than the Committee currently anticipates would suggest that the neutral federal funds rate was rising more quickly than expected, making it appropriate to raise the federal funds rate more quickly as well. Conversely, if the economy were to disappoint, a lower path of the federal funds rate would be appropriate.” Daily and Weekly Pivot Levels By employing the Camarilla calculation method, the daily pivot levels for AUD/USD are presented as follows: R1 – 0.7127 R2 – 0.7137 R3 (range resistance) – 0.7146 R4 (range breakout) – 0.7176 S1 – 0.7107 S2 – 0.7097 S3 (range support) – 0.7088 S4 (range breakout) – 0.7058 By using the traditional method of calculation, the weekly pivot levels for AUD/USD are presented as follows: Central Pivot Point – 0.7080 R1 – 0.7188 R2 – 0.7270 R3 – 0.7378 S1 – 0.6998 S2 – 0.6890 S3 – 0.6808 Fundada en 2013, Binary Tribune tiene como objetivo proporcionar a sus lectores una cobertura de noticias financieras precisa y real. Nuestro sitio web se centra en los principales segmentos de los mercados financieros: acciones, divisas y materias primas, así como una explicación interactiva en profundidad de los principales acontecimientos e indicadores económicos. Divulgación de riesgos financieros BinaryTribune.com no será responsable por la pérdida de dinero o cualquier daño causado por confiar en la información en este sitio. Trading de divisas, acciones y materias primas en el margen conlleva un alto nivel de riesgo y puede no ser adecuado para todos los inversores. Antes de decidir intercambiar divisas debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Política de cookies Este sitio web utiliza cookies para brindarle la mejor experiencia y conocerte mejor. Al visitar nuestro sitio web con su navegador configurado para permitir cookies, usted acepta nuestro uso de cookies como se describe en nuestra Política de privacidad. &dupdo; Copyright 2016 & mdash; Tribuna Binaria. Todos los derechos reservados Will Pound be able for a new High? Review of the past week The past market week was marked by growth of three major currency pairs. Records of the last FRS meeting exerted a pressure on Eur/Usd quotes. FRS stated that on coming December meeting it can consider QE3 cutting. Rumors about a probable introduction of negative rates coming from EuCB were also like oil in the flame. These both factors supported US dollar, whereupon EUR/USD dropped down to 1.3399. Positive PMI data in industrial sector and German IFO supported demand in Eur/Usd pair, which closed trading week at the point of 1.3556. From the one hand, positive statistics from the leading economy of Euro zone is positive for the united European currency, from another hand, the only Germany is not enough to drive European economy. Apart from the records of the FRS meetings, records of the last BoE meeting were published as well. British regulating authority stated that inflation will decline in the nearest months, whereas unemployment will on the contrary drop. It was also stated that increase in interest rates may not necessarily follow right after the target level is reached. Positive data on the balance of industrial orders by Confederation of British Industry also supported cable in pairs with Euro and USD. Gbp/Usd closed trading week at the point of 1.6225 closer and closer reaching high of 2013. Meeting of the Japanese CB did not give surprised to participants of the market. GDP decline in 3rd quarter in the rate of 1,9% per annum was marked by the JCB management as a temporary delay. Also it was stated that now it is too early to discuss the policy of leaving stimulus programs. Positive mindset of investors on Japanese stock exchanges encouraged bulls to take new highs. The week was closed by USD/JPY at the point of 101.27. Forecast for the week 25 – 29 of November: Eur/Usd: Coming week will be short for American participants of the currency market. On Thursday, 28th of November, USA will celebrate Thanks giving day and banks of the country will be closed on that day. Traditionally, liquidity of the Forex market decline and volatility grows on this holiday and right after it. On Tuesday, 26th of November, market participants will obtain construction data, which will be published for two months at once (In October there was no report because of the governmental shutdown). Having analyzed figures impacting on the construction sector, we can conclude that data will either correspond to or will be just above expectations. Release of changes in durable goods orders must also be emphasized. Over the recent time, the USA has mixed news background, thus, we can expect any deviation from expected figures. As for European releases, it is necessary to underline the data on German labor market, Consumer Price Index report and the data on unemployment level in Euro zone. The recent positive reports on PMI, ZEW and IFO can be a positive factor for German labor market that will undoubtedly support euro. Consumer Price Index report and the data on unemployment level are expected to be correspond to the forecast. Though the European Central Bank reduced the interest rate down to the level of 0.25%. there was not enough time to turn the situation for the better. In general, for EUR/USD pair we can expect a flat trend within the range of 1.34-1.3625. Gpb/Usd: On the first trading day of the week, BBA Mortgage Approvals are to be published. Over the last time, Britain provides good data and this time one can expect the figures just above forecast. On Wednesday, 27th of November, the second GDP estimation for the 3rd quarter will be published. Experts told Bloomberg that they do not expect changes to happen and market respond to this report will be minimal. “Cable” may be pressured by oil quotes as well, because British currency is on the list of petrol currencies. Negotiations between Iran and member countries of the UN Security Council resulted in agreement. In this regard, we can witness decline of oil futures. Core event of the week will be speech of BoE Governor Mark Carney on 26th and 28th of November. In the terms of technical analysis, Pound has all chances to continue growth, but growth can be real only upon overcoming a strong resistance 1.6255. In general, we can expect a flat trend for the British currency, which will be within the range 1.6050-1.6280. Jpy/Usd: Japanese Yen will expect report on changes in retail on November, 28th, and Index of Consumer Prices on November, 29th. Having analyzed allied figures, we can conclude that retail data will be released on the medium level of forecast, whereas CPI can be below expectations that will press on Yen. In the terms of technical analysis, after getting through a strong resistance 101.52, the path to 103 opens. Also, Jpy/Usd will depend on stock sentiment. Continuation of growth of stock indices will add positive news for bulls and encourage them to open new long positions. In general, we can expect a moderate growth of Jpy/Usd quotes. The U.S. dollar slipped from a 2.5-month high against major global currencies despite news that China will introduce another round of monetary easing in the wake of its sixth rate cut since November. The announcement from the People’s Bank of China came a day after the European Central Bank indicated plans to boost its bond-purchasing […] October 25, 2015 at 7:12 pm Garrett Baldwin Forex The week of Oct. 26В to Oct. 31 features a rash of decisions by global central banks on how to handle monetary policy in a low-inflation, low-oil price environment. The Federal Reserve isn’t expected to raise interest rates this week when the Fed Open Market Committee meets, particularly in the wake of decisions by the European […] October 24, 2015 at 7:45 pm Garrett Baldwin Forex Here’s a breakdown for the topВ stories for the week ending October 24, 2015. The U.S. dollar showed positive momentum after central banks around the world said they will continue to loosen monetary policy in order to combat lower inflation and slowing economic growth. This week, the Federal Reserve will hold its seventh meeting on monetary […] October 23, 2015 at 2:59 am Neal Gilbert Forex Now that the European Central Bank and Mario Draghi have let the proverbial cat out of the bag when it comes to more Quantitative Easing in the Eurozone, the EUR/USD is back to being the most hated currency in the world.В While it isn’t yet down to the yearly lows which were slightly below 1.05 […] October 22, 2015 at 3:55 pm Garrett Baldwin Forex The U.S. dollar was up after ECB Chief Mario Draghi took a dovish tone on the states of the broader European economy. The dollar gained against safe-haven currencies like the yen and the Swiss franc and was boosted by a surge in the U.S. markets thanks to stronger-than-expected earnings from a number of firms. Today’s […] October 22, 2015 at 2:51 am Neal Gilbert Forex Pop quiz hot shot – which economy is struggling more, the Eurozone or the US?В If you think this is a trick question, you can quit doubting yourself, because it isn’t a trick.В The obvious answer is that the Eurozone is struggling more.В Inflation has turned to deflation in the EZ, the ECB already has […] October 21, 2015 at 3:17 pm Garrett Baldwin Forex The U.S. dollar was up slightly this morning against emerging market and commodity currencies following a decline in the Chinese equity markets. This morning, the Shanghai Composite Index fell more than 3% as concerns about global growth again rattled investors. Today’s Market Numbers:В Ninety minutes into the trading session, the Dow Jones was up 33.27 points, […] October 20, 2015 at 3:14 pm Garrett Baldwin Forex The U.S. dollar was down against a basket of currencies as the markets await a speech by Federal Reserve Chair Janet Yellen this afternoon. In addition, FOMC members William Dudley and Jerome Powell will offer some insight on monetary policy. Today’s insight includes a surprise spinoff from Yum! Brands, speeches from members of the Bank […] October 19, 2015 at 4:57 pm Garrett Baldwin Forex The U.S. dollar was up this morning against a basket of currencies. Traders are keeping a tight eye on events in Europe, as the central bank plans to meet this week to discuss further stimulus. Following that meeting, all eyes will center on the Federal Reserve’s December meeting, although the majority of analysts and the […] October 18, 2015 at 1:45 am Garrett Baldwin Forex The week of Oct. 19В to Oct. 24 features critical data reports that will focus on global manufacturing growth and central banks’ decisions on whether or not to raise interest rates.В The markets will continue to focus earnings season, with a number of key banking, industrial, and technology companies issuing reports from the September-ending quarter. Here’s what […] Recent News High-Speed Trader Gets High-Speed Guilty Verdict In Spoofing Case We’ve Said It Before – Is China Fiddling The Figures? USDNOK Approaches Significant Resistance Level Forex Trade Signals November 3/4 – NZDCHF CADJPY Enters Short Trade Region Recommended Forex Brokers Descargo de responsabilidad Puede haber un alto grado de riesgo en el comercio de divisas y por esta sola razón, algunos inversores pueden decidir que no es adecuado para ellos. Hay un grado considerable de apalancamiento involucrado que, aunque puede trabajar en su favor, también puede trabajar en su contra. Debe tomar nota cuidadosa de su nivel de experiencia, su propósito para invertir, y cuánto riesgo está preparado para aceptar. Es siempre posible que usted podría perder una parte, o incluso todos, o su inversión inicial, y se sigue que usted debe nunca invertir cualquier dinero que usted no puede permitirse para perder. Esto se aplica a cualquier forma de inversión. Hay ciertos riesgos asociados con el comercio de divisas, y si tiene alguna duda, debe tomar el asesoramiento de un asesor financiero independiente. Cualquier opinión ofrecida en FXHQ son opiniones de autores individuales, y no necesariamente coinciden con las opiniones de FXHQ o la dirección de la empresa. Los errores y las omisiones pueden ocurrir en declaraciones hechas por, o opiniones expresadas por, autores individuales, y usted debe observar que FXHQ no y no ha verificado la exactitud o de otra manera de tales opiniones o declaraciones. FXHQ no ofrece asesoramiento en materia de inversiones y, en consecuencia, cualquier información de este sitio web, incluidos informes de prensa, opiniones, precios, investigaciones y análisis, se ofrece como comentario al mercado y no constituye asesoramiento especializado en inversiones, ya sea ofrecido por FXHQ, sus empleados , Socios, autores u otros colaboradores. Al considerar cualquier inversión, siempre debe hacer su propia diligencia debida. FXHQ, sus empleados, socios, autores o contribuyentes, no aceptarán y no aceptarán responsabilidad alguna por cualquier pérdida o daño sufrido por usted por cualquier decisión de inversión que pueda tomar por el uso de cualquier información proporcionada. Esto incluye cualquier pérdida de beneficios, sin limitación. & Copy; 2015 "FXHQ INC. FOREX HeadQuarters" Todos los derechos reservados. Error de servidor en la aplicación '/'. Se detectó un valor Request.Path potencialmente peligroso desde el cliente (?). Descripción: Se produjo una excepción no controlada durante la ejecución de la solicitud web actual. Revise el seguimiento de la pila para obtener más información acerca del error y dónde se originó en el código. Detalles de excepción: System.Web.HttpException: Se detectó un valor Request.Path potencialmente peligroso desde el cliente (?). Se generó una excepción no controlada durante la ejecución de la solicitud web actual. La información sobre el origen y la ubicación de la excepción se puede identificar utilizando el seguimiento de la pila de excepciones a continuación. Usted está aquí: Inicio & raquo; Currency News » Forex Market: NZD/USD daily trading outlook December 8, 2015 9:55 am Yesterday’s trade saw NZD/USD within the range of 0.6623-0.6750. The pair closed at 0.6633, plummeting 1.43% on a daily basis, or the most since September 10th, when it depreciated 1.66%. The daily low has been the lowest level since December 3rd, when a low of 0.6605 was registered. NZD/USD went up 3.28% last week, or the most since the week ended on October 11th, when it added 3.83%. The pair has advanced 0.75% so far during the current month. At 9:22 GMT today NZD/USD was losing 0.12% for the day to trade at 0.6636. The pair touched a daily low at 0.6627 at 5:50 GMT, undershooting the daily S1 level. It was also a higher-low test of the low from Monday. Short-term resistance may be encountered at the hourly 55-day EMA, while a break above it may send the pair up for a test of the high from December 4th (0.6790). The latter also stands in proximity to the 38.20% Fibonacci level (0.6808), which reflects the descent from April 29th high to September 23rd low. Support may be received in the area around the 23.60% Fibonacci level (0.6586). Today NZD/USD trading may be influenced by the macroeconomic report listed below. Fundamentals United States Job Openings The number of job openings in the United States probably dropped to 5.525 million in October from a month ago, according to the median forecast by experts. In September 5.526 million job openings were reported, or the most since July. This indicator refers to all job positions that are open, but not filled on the last business day of the month. Job openings are part of the Job Openings and Labor Turnover Survey (JOLTS), which gathers data from about 16 400 non-farm establishments including retailers and manufacturers, as well as federal, state, and local government entities in the 50 states and the District of Columbia. The survey assesses the unmet demand for labor in the labor market. Higher-than-projected number of openings will usually have a limited bullish effect on the US dollar. The Bureau of Labor Statistics is to release the official data at 15:00 GMT. Correlation with other Majors Taking into account the week ended on December 6th and the daily closing levels of the major currency pairs, we come to the following conclusions in regard to the strength of relationship: NZD/USD to AUD/USD (0.8897, or very strong) NZD/USD to EUR/USD (0.7900, or strong) NZD/USD to GBP/USD (0.5266, or strong) NZD/USD to USD/CAD (0.1952, or weak) NZD/USD to USD/JPY (-0.1688, or weak) NZD/USD to USD/CHF (-0.7633, or strong) 1. During the examined period NZD/USD moved almost equally in one and the same direction with AUD/USD. 2. NZD/USD moved strongly in one and the same direction with EUR/USD and GBP/USD during the past week, while moving strongly in the opposite direction compared to USD/CHF. 3. The correlation between NZD/USD and USD/CAD, NZD/USD and USD/JPY was insignificant during the period in question. Daily and Weekly Pivot Levels By employing the Camarilla calculation method, the daily pivot levels for NZD/USD are presented as follows: R1 – 0.6645 R2 – 0.6657 R3 (range resistance) – 0.6669 R4 (range breakout) – 0.6703 S1 – 0.6621 S2 – 0.6610 S3 (range support) – 0.6598 S4 (range breakout) – 0.6563 By using the traditional method of calculation, the weekly pivot levels for NZD/USD are presented as follows: Central Pivot Point – 0.6684 R1 – 0.6854 R2 – 0.6961 R3 – 0.7131 S1 – 0.6577 S2 – 0.6407 S3 – 0.6300 Fundada en 2013, Binary Tribune tiene como objetivo proporcionar a sus lectores una cobertura de noticias financieras precisa y real. Nuestro sitio web se centra en los principales segmentos de los mercados financieros: acciones, divisas y materias primas, así como una explicación interactiva en profundidad de los principales acontecimientos e indicadores económicos. Divulgación de riesgos financieros BinaryTribune.com no será responsable por la pérdida de dinero o cualquier daño causado por confiar en la información en este sitio. Trading de divisas, acciones y materias primas en el margen conlleva un alto nivel de riesgo y puede no ser adecuado para todos los inversores. Antes de decidir intercambiar divisas debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Política de cookies Este sitio web utiliza cookies para brindarle la mejor experiencia y conocerte mejor. Al visitar nuestro sitio web con su navegador configurado para permitir cookies, usted acepta nuestro uso de cookies como se describe en nuestra Política de privacidad. &dupdo; Copyright 2016 & mdash; Tribuna Binaria. Todos los derechos reservados Live Webinars ADVERTENCIA DE RIESGO La negociación de divisas en margen conlleva un alto nivel de riesgo, y puede no ser adecuado para todos los inversores. El alto grado de apalancamiento puede trabajar en su contra, así como para usted. Existe la posibilidad de que usted podría sostener una pérdida de parte o la totalidad de su inversión inicial y por lo tanto no debe invertir dinero que no puede permitirse perder. Seek education and gain experience before risking real money, but always remember, even then, your past performance does not guarantee future results. Archivo ABOUT FOREX.TODAY Copyright © 2015 FOREX.TODAY October 2nd, 2008 I was reading an article about a guy who started a computer business when the industry was new and growing. As he grew and was successful he noticed that there were many others doing the same thing. There was no longer anything unique about his company. He decided to take the gamble of focusing on […] October 1st, 2008 Here are some thought by some of the best stock traders. Good trading principles apply in all markets. Also, everyone who is truly interested in Forex should read as widely as possible. Jesse Livermore: The World’s Greatest Stock Trader by Richard Smitten 1. Don’t lose money 2. Always Establish a Stop 3. Keep Cash in […] September 30th, 2008 We are writing this because of the large gaps in the market at the open on Sunday September 7, 2008. The market does gap but usually it will happen on the opening of the market on Sunday. Occasionally a gap can be seen around a new announcement. It is not as large as the gap […] September 26th, 2008 Traders response to my “any losses” question, Jed, Yes, I have sustained losses on this particular demo account, and in many other accounts as well. Not sure what you meant by the question. The losses are few, but they still come. As I briefly look over this demo, I am seeing roughly 15 wins for […] September 25th, 2008 This is a letter we’ve received from a strategy user and we thought it brought powerful insight that we would like to share with all of you. Jed Also, just to let you know, I find it quite amazing that two moving averages and the so-called “mao” can produce so many positive results. It is […] Categorías CO-FX.COM - Forex Weekly Market Outlook May 26th 2014 May 26, 2014 (datsyn.com ) - The euro fell to three-month lows against the dollar on Friday and hit the lowest level in 17 months against the pound after weak German business sentiment data underlined expectations that the European Central Bank will ease monetary policy at its next meeting in June. The drop in the euro came after a report showed that the German Ifo business climate index declined to 110.4 in May; the lowest reading this year, from 111.2 in April, indicating that economic activity could slow in coming months. The data came one day after a report showing that manufacturing activity in the euro zone expanded at the slowest rate in six months in May. Recent comments by senior ECB officials have signaled that the bank is open to acting as soon as June to stop inflation in the currency bloc from falling too low. On Thursday, ECB Governing Council member Jens Weidmann said the bank is prepared to take unconventional measures to counter the risks of low inflation in the euro zone. EUR/USD hit lows of 1.3616, the weakest since February 13 and settled at 1.3630, 0.18% lower for the day. For the week, the pair lost 0.60%. EUR/GBP touched lows of 0.8082, the lowest since December 2012 before pulling back to 0.8099 at the close, ending the week 0.69% lower. Meanwhile, EUR/JPY ended Friday’s session at 139.02, not far from the three-and-a-half month trough of 138.13 struck on Wednesday. The dollar moved higher against the yen, with USD/JPY up 0.24% to 101.96 late Friday, recovering from the three-and-a-half month lows of 100.81 reached on Wednesday. The pair ended the week with gains of 0.49%. The dollar was boosted after data on new home sales added to signs of a recovery in the housing market. The Commerce Department reported that sales of new homes rose by a larger-than-expected 6.4% to 433,000 in April, after two months of decline. Analysts had been expecting a figure of 425,000. March's number was revised up from 384,000 to 407,000. The upbeat data boosted the dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, to a six-week high of 80.49 before easing back to 80.40 at the close. In the coming week, markets in the U.K. will be closed for a public holiday on Monday, while U.S. markets will also be closed for the Memorial Day holiday. Investors will be looking ahead to revised data on U.S. first quarter growth, while Tuesday’s report on consumer confidence will also be in focus. Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. New Zealand is to publish data on the trade balance, the difference in value between imports and exports. The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Market research group Gfk is to publish a report on German consumer climate. Elsewhere in the euro zone, ECB President Mario Draghi is to speak at an event in Portugal; his comments will be closely watched. Markets in the U.K. are to remain closed for a public holiday, while U.S. markets will also be closed, for the Memorial Day holiday. Switzerland is to release data on the trade balance and the employment level. The U.K. is to publish a private sector report on mortgage approvals. ECB President Mario Draghi is to speak at an event in Portugal; his comments will be closely watched. The U.S. is to produce data on durable goods orders, house price inflation and consumer confidence. Wednesday, May 28 BoJ Governor Haruhiko Kuroda is to speak at an event in Tokyo. New Zealand is to release private sector data on business confidence, while Australia is to produce a report on completed construction work. Switzerland is to release data on first quarter gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. In the euro zone, France is to release data on consumer spending, while Germany is to publish a report on unemployment change. The euro zone is to release data on M3 money supply and private loans. The U.K. is to publish private sector data on retail sales. Thursday, May 29 Japan is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. Australia is to publish data on private capital expenditure. Canada is to produce data on the current account. The U.S. is to release revised data on first quarter GDP, as well as the weekly government report on initial jobless claims and data on pending home sales. New Zealand is to release data on building consents. Japan is to release preliminary data on industrial production, as well as reports on household spending and inflation. In the euro zone, Germany is to publish a report on retail sales. Elsewhere in Europe, Switzerland is to publish its KOF economic barometer. Canada is to publish the monthly report on GDP growth. The U.S. is to round up the week with a report on personal income and expenditure and revised data from the University of Michigan on consumer sentiment. Contact Details: Inicio & gt; Forex Analysis > EURCAD Sell Signal (December 28th 2015) EURCAD Sell Signal (December 28th 2015) The EUR vs CAD lost steam which propelled this currency pair from its support area, marked in light blue in the above H4 chart, into its resistance area visible in light grey. The Bollinger Band indicator confirmed the strong rally, but is now suggesting the end of the move and favors a sideways trend. All three Bollinger Bands are trending sideways with the upper band trading inside of its resistance area and the middle band as well as lower band trading below it. The end of the rally could invite forex traders to realize floating trading profits by closing existing long positions. The EURCAD is trading between the middle band and the upper band of the Bollinger Band indicator and a breakdown below the middle band will additionally result into new net short positions. The expected profit taking sell-off could take this currency pair all the way down into its support area for a full retracement, but a 50% move from its peak is more likely. Forex traders are advised to enter short positions at 1.5200 and above in order to be well position for the expected profit taking sell-off in this currency pair and a breakdown in price action. Conservative forex traders are advised to wait for the breakdown below the middle Bollinger Band which will increase selling pressure in this currency pair. A take profit target of 1.4100 has been selected for a potential trading profit of 1,100 pips. Forex traders should protect this trade with a stop loss level at 1.5500 for a potential trading loss of 300 pips which will result in a Risk-Reward (RR) ratio of 3.67. The Weekly Analysis for 08 th to 12 th of February 2016 For better performance you should monitor these signals on 1 hour Time Frame. With Our weekly signal which depends on a special indicator we look forward to place following orders on: Buy: our first buy on EU will be @1.050, but if price broke and closed below 1.0757 we will close the buy and enter sell order. EU 2 nd buy will be @1.0870, but if price broke and closed below 10870, we will close the buy for the week. Vender our first sell on EU will be @1.1243, but if price broke and closed above 1.1243 we will close the sell and enter buy order. 2 nd sell on EU will be @1.1480, but if price broke and closed above 1.1480 we will close the sell order for the week. Buy: our first buy on GU will be @1.4442, but if price broke and closed below 1.4442 we will close the buy and enter sell order. GU 2 nd buy will be @1.4372, but if price broke and closed below 1.4372, we will close the buy for the week. Vender our first sell on GU will be @1.4668, but if price broke and closed above 1.4668 we will close the sell and enter buy order. 2 nd sell on GU will be @1.4787, but if price broke and closed above 1.4787 we will close the sell order for the week. NOTE: all the TP for any of the positions is 100 pips, though you’re free to adjust TP/SL according to your risk tolerance. Wishing you plenty of pips this week. Head Office Address TBS Place, Block 1A, Plot 8, Diamond Estate, Estate Bus-Stop, LASU/Isheri road, Isheri Olofin, Lagos. Support Email: [email protected] Phone: 08182045184, 08084603182, 08083956750 Lekki Office Address Road 5, Suite K137, Ikota Shopping Complex, Lekki/Ajah Express Road, Lagos State Phone: 07081036115 WARNING: Foreign Exchange Trading and Investment in derivatives can be very speculative and may result in losses as well as profits. Foreign Exchange and Derivatives Trading is not suitable for many members of the public and only risk capital should be applied. The website does not take into account special investment goals, the financial institution or specific requirements of individual users. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on information contained on this site or in your trading. You should carefully consider your financial situation and consult your financial advisors as to the suitability to your situation prior making any investment or entering into any transactions. &dupdo; 2016, All rights reserved. Instant Web-Net Technologies Limited (www.instafxng.com) Inicio & gt; Forex Analysis > GBPCHF Buy Signal (August 26th 2015) GBPCHF Buy Signal (August 26th 2015) The GBPCHF has enter a strong sell-off from its resistance area, visible in light grey in the above H4 chart, which took this currency pair down to its support area marked in light blue. After a breakout below its support area the GBPCHF was able to recover and this currency pair is now searching for direction. The lack of a fundamental reason for the sell-off to continue leaves this currency pair open for a short-covering rally. Forex traders may opt to lock in profits after the strong sell-off and realize floating trading profits by exiting their short positions. This could push the GBPCHF above the middle band of its Bollinger Band indicator and materialize into a bigger advance. The lower band of the Bollinger Band indicator has bottomed out below of its support area, but price action remains below the middle band which has now reached its support area. Forex traders are advised to enter long positions at 1.4835 and below this level; this will position their trading accounts to profit from the expected short-covering rally. Conservative forex traders should wait for a breakout above the middle band of it Bollinger Band indicator before entering their long positions. A take profit target of 1.5335 has been set for a potential trading profit of 500 pips on the H4 Chart. More buy orders are expected after the GBPCHF completes its breakout above the middle Bollinger Band. Forex traders should protect this trade with a stop loss level at 1.4635 for a potential trading loss of 200 pips which will result in a Risk-Reward (RR) ratio of 2.50. Fiat Currency vs Real Money Part 1 Cool Forex Articles from a Recent Article Contest How to Safeguard Your Financial Life Several financial planners would agree that one of the foremost and important steps that you should take to protect your financial stability is to set aside funds as emergency reserve. The concept that you have the fund for emergency and unexpected events is enough to help you stay away from using your credit card and drown yourself in debt. How to Get Started Everyone must stash a little extra cash in case of emergencies. However, how much money should you keep? Although the topic of exactly how much money is needed for your emergency fund is open to debate, the minimum amount should be enough to cover your expenses for daily living for at least three months. It is also wiser to save for six months though most financial planners agree on a full year worth of cash. Your personal circumstances and what it takes to provide you with a peace of mind are the elements to help you determine just how cautious you want to be. If for instance, you have well-off parents who have always been supportive and willing to help you in a financial crisis, an emergency fund for three months will be sufficient. On the other hand, if you had reach for you credit card for help and end up paying 15% in interest on the debt, you would be better off saving enough money for your expenses that would last for at least six months. If by any chance you are thinking about where to place your money, emergency fund, paying off the credit card debt or funding your 401(k), you can always start with your credit card debt. Next, you can contribute to your 401(k). This step is especially useful since you can later borrow money from your 401(k). However, as soon as all those are finished, return to your project of setting up your emergency fund. If you do not feel like you are required to make your entire funds this week, you can start like everyone más. Begin by setting aside a monthly amount, like for instance, 5% of your paycheck or other amount that allows you to build one month’s worth of living expenses over the course of a full year. It is also advisable and helpful to make this automatic. Usted puede do this by asking your bank to do an automatic program for deduction from your checking account to your Additionally, monitor you spending habit each month and always search for areas that you can develop. Si by any chance you receive a promotion, bonuses, or other unexpected windfalls, always think about including them to your emergency fund. Where to Keep the Cash Keep your emergency fund somewhere that is both easily accessible and safe because you might be required to get the cash in a hurry during emergencies. Remember not to put your cash in the freezer but do not tie them up together in stocks whose worth may have declined by the time you need them. The best option you have is to open a savings account or money market account. However, always examine their offer with regards to the minimum balance, interest rate and other terms. By time you think you have saved enough, learn how to stop. You can now sleep easier and try to start placing your additional saving into higher-interest and usually less accessible investments or accounts. August 26th, 2013 Written by Jed Norwood Forex markets – trading internationally Forex market trading is trading money, currencies worldwide. Most all countries around the world are involved in the forex trading market, where money is bought and sold, based on the value of that currency at the time. As some currencies are not worth much, it is not going to be traded heavily, as the currency is worth more, additional brokers and bankers are going to choose to invest in that market at that time. Forex trading does take place daily, where almost two trillion dollars are moved every day – that is a huge amount of money. Think about how many millions it does take to bring about a total of a trillion and then consider that this is done on a daily basis – if you want to get involved in where the money is, forex trading is one ‘setting’ where money is exchanging hands daily. The currencies that are traded on the forex markets are going to be those from every country around the world. Every currency has it own three-letter symbol that will represent that country and the currency that is being traded. For example, the Japanese yen is the JPY and the United Stated dollar is USD. The British pound is the GBP and the Euro is the EUR. You can trade within many currencies in one day, or you can trade to a different currency every day. Most all trades through a broker, or those any company are going to require some type of fee so you want to be sure about the trade you are making before making too many trades which are going to involve many fees. Trades between markets and countries are going to happen every day. Some of the most heavily trades occur between the Euro and the US dollar, and then the US dollar and the Japanese yen, and then of the other most often seen trades is between the British pound and the US dollar. The trades happen all day, all night, and thought out various markets. As one country opens trading for the day another is closing. The time zones across the world affect how the trading takes place and when the markets are open. When you are making a transaction from one market to another, involving one currency to another you will notice the symbols are used to explain the transactions. All transactions are going to look something like this EURzzz/USDzzz the zzz is to represent the percentages of trading for the percentage of the transaction. Other instances could look like this AUSzzz/USD and so on. When reading and reviewing your forex statements and online information you will understand it all much better if you are to remember these symbols of the currencies that are involved. August 20th, 2013 Written by Jed Norwood Team Trading the News and Managing Trades Net us 702 pips in 48 hours! Clark W: “In the United Kingdom, a recovery appears to be taking hold. But the legacy of adjustment and repair left by the financial crisis means that the recovery is likely to remain weak by historical standards. CPI inflation rose to 2.9% in June and looks set to remain around that rate in the near term. Against that backdrop, the Committee has provided some explicit guidance regarding the future conduct of monetary policy. The MPC intends at a minimum to maintain the present highly stimulative stance of monetary policy until economic slack has been substantially reduced, provided this does not entail material risks to price stability or financial stability. In the Committee’s view, a sustained recovery in both demand and supply appears likely. The outlook for growth is stronger than in May, mainly reflecting a marked improvement in business and consumer sentiment. This stronger demand is assumed to be largely matched by an increase in effective supply capacity, such that the outlook for inflation is similar to May, with inflation expected to fall back to around the 2% target over the forecast period.” Here is an example of how the USD and the GBP were affected by the news. Here is the index compared Many traders in the group reported weathering this news with some great gains, others were caught in draw downs. I had 10 open trades that I intended to execute a decision and found that out of the 10 I had 9 positives and 1 negative. I chose to close them all before retiring for the night. I did have on account that 3 of those trades were being monitored by my European counterpart. I informed her what I had decided and took the profits off the table but to watch for good placed to re enter some of these pairs. At that time I had a daily gain of 658 pips by then open of the US session she had built it up to 702 not to mention the pips she took in her personal accounts. Management is the key Here is a rundown of the various pips sizes each trade was for Tuesday and Wednesday morning. Account A: 77, 132, 49 = total pips 258 Account B: 14,16,-3,-2, 25,16,10, 17,43,-53,54,47,-73,26,36,26,-36,1,20,44 = total pips 228 Account C: 25,46,18,41,19,67 -total pips 216 Total Pips 702 within 48 hrs. With careful planning and management was entered and exited these trades on a strict trading plan. And in our team trading network. We see this kind of success throughout the month week in and week out. Granted there are moments when we have lulls in the market and or we are not on our game but we see pips increasing our account sizes consistently. 2014 Holiday Trading Calendar & Recommendations Elección del editor It is that time of year again! As the Forex market is centered in London and North America, traders should pay attention to their holiday season of Christmas and New Year. This time can be confusing as December holds some great trading opportunities, but you don’t want to be trading in dead markets or markets with very thin volume that are perfect arenas for stop hunters looking to kill your trades. So let’s go through it day by day, showing the typical hours most brokers close early, and a little advice: Sunday / Monday - 22 nd / 23 rd December Typical Opening Time (GMT): Normal Typical Early Closing Time (GMT): None – public holiday in Japan Many financial professionals in Europe and North America will already have gone on holiday. It is a public holiday in Japan. The markets are open as usual today, but it is recommended from this point not to initiate any new trades, especially in European currencies, and to reduce exposure on any long-term trades. Tuesday 24 th December – CHRISTMAS EVE Typical Opening Time (GMT): Normal Typical Early Closing Time (GMT): 18:00 – public holiday in Germany Even more professionals will be on holiday from today, especially in Europe. It is a public holiday in Germany. The market is likely to be extremely thin in the morning and to die at lunchtime. Wednesday 25 th December – CHRISTMAS DAY All financial markets are closed today – public holiday throughout Europe and North America. Thursday 26 th December – BOXING DAY Typical Opening Time (GMT): 07:00 Typical Early Closing Time (GMT): None – public holiday throughout Europe and Canada It is a public holiday throughout Europe and Canada. Open markets are likely to be extremely thin. Friday 27 th December Typical Opening Time (GMT): Normal Typical Early Closing Time (GMT): None There are no public holidays and markets are open as usual. In Europe, many financial professionals will still be on holiday. Be very cautious in initiating any new positions and avoid any European instruments. Sunday / Monday – 29 th / 30 th December Typical Opening Time (GMT): Normal Typical Early Closing Time (GMT): None The markets should pick up, with many Europeans returning to work. It is possible to enter new trades today and there may well be some directional movement in the markets. Tuesday 31 st December – NEW YEAR’S EVE Typical Opening Time (GMT): Normal Typical Early Closing Time (GMT): 18:00 – public holiday in Japan, Germany and New Zealand Markets in general are likely to be slow and thin. It is probably a good idea not to enter any new trades today. Take care to avoid Japanese and European instruments in any case. Wednesday 1 st January All financial markets are closed today – global public holiday. Thursday 2 nd January Typical Opening Time (GMT): 01:00 Typical Early Closing Time (GMT): None Back to normal! This is the first trading day of 2014 and you don’t want to miss it. The first few days of January often see the start of large directional moves. So, those are the day-by-day details. Even if you are not in a country that celebrates Christmas, it is probably a good idea to take advantage of it and forget about trading for the entire week and maybe even until 2 nd January. You probably won’t miss much, and you’ll be refreshed and ready to take advantage of all the opportunities that 2014 will have to offer! Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch. He is certified in Fund Management and Investment Management by the U.K. Chartered Institute for Securities & Investment. Learn more from Adam in his free lessons at FX Academy . Riesgo: DailyForex no se hace responsable de ninguna pérdida o daño resultante de la confianza en la información contenida en este sitio web, incluyendo noticias de mercado, análisis, señales comerciales y revisiones de corredores de Forex. Los datos contenidos en este sitio web no son necesariamente en tiempo real ni precisos, y los análisis son opiniones del autor y no representan las recomendaciones de DailyForex ni de sus empleados. El comercio de divisas en margen conlleva un alto riesgo y no es adecuado para todos los inversores. Como producto apalancado, las pérdidas pueden exceder los depósitos iniciales y el capital está en riesgo. Antes de decidir negociar Forex o cualquier otro instrumento financiero, debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito por el riesgo. Riesgo: DailyForex no se hace responsable de ninguna pérdida o daño resultante de la confianza en la información contenida en este sitio web, incluyendo noticias de mercado, análisis, señales comerciales y revisiones de corredores de Forex. Los datos contenidos en este sitio web no son necesariamente en tiempo real ni precisos, y los análisis son opiniones del autor y no representan las recomendaciones de DailyForex ni de sus empleados. El comercio de divisas en margen conlleva un alto riesgo y no es adecuado para todos los inversores. Como producto apalancado, las pérdidas pueden exceder los depósitos iniciales y el capital está en riesgo. Antes de decidir negociar Forex o cualquier otro instrumento financiero, debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito por el riesgo. Saudi Mubarrad acquires 95% of AMNCO Saudi Transport and Investment Co. (Mubarrad) signed on January 25 an agreement to acquire 95% of Arabian Security & Safety Services Co. (AMNCO) at a total value of SAR 180.3 million. The stake purchase deal is subject to obtaining the approval of competent authorities and fulfilling all legal and commercial conditions. Maceen Capital was appointed as the financial advisor of the deal to undertake due diligence. The company paid SAR 20 million from its cash sources upon signing the agreement. All relevant details will be announced upon completing the due diligence and regulatory procedures of ownership transfer, Mubarrad said. The relevant financial impact will materialize in the second quarter of 2015. Photo Credit: Arabianeye-Reuters Saudi Mubarrad acquires 95% of AMNCO Last Modified. January 26th, 2015 by What our client says I noticed that I can not save money, because I spent my whole salary at the end of the month, a friend of mine told me that I can achieve additional income by trading currencies so I tried a small trading account and made $1,300 Sanjay Last Modified. February 18th, 2015 by Saudi Forex Sanjay Forex Client Are you looking additional income? I heard about Saudi Forex trading. contacted them and learn currency trading. I was able to make a profit $ 2,400 on the first day and then I earned that I am a good trader and in the right place Mohammad Last Modified. February 18th, 2015 by Saudi Forex Mohammad Loyal client I always earned Halal in my life, and after retirement searched for Islamic company that provides me earn profits by Islamic account. And then I discovered Saudi Forex trading, which gave me Islamic forex trading account. Abdullah Omri Last Modified. December 22nd, 2014 by Saudi Forex Abdullah Omri loyal client My friend told me about the Saudi Forex Trading as you sign up on a training account equipped with default value of $ 50,000. I got full training cycle on Forex trading and follow-up with profits of up to $ 1,500 on the first day Manesha Last Modified. December 22nd, 2014 by Saudi Forex Manesha House wife Technical analysis of EUR/USD dated 26.06.2015 Technical analysis of EUR/USD dated 26.06.2015 Greece failed again in negotiating with international creditors. Next Saturday will be the last chance to protect Eurozone from financial market turmoil. After the third meeting without agreement, declared by Euro zone finance ministers, now all eyes are on Saturday. Greece which has received 240 billion EUR since 2010, now should set a repayment schedule next Tuesday. Negative news may lead Athens on a way out of Eurozone and the banks may not be even open on Monday. EURUSD would experience almost the most risky situation in the recent decade. Analyzers are more bearish these days but German Chancellor Angela Merkel opens hope during her speech. “Must be a deal before Markets open on Monday” Share This Story, Choose Your Platform! Recommended Patrocinadores Friday, November 30th, 2007 EURUSD EURUSD is testing the previous low support at 1.4711, if gives ways, the pair would find support at 1.4600 area. Key resistance is at 1.4966, a break of this level would signal the resumption of the up trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 30, 2007 Thursday, November 29th, 2007 USDCAD USDCAD is in up trend. The rise from 0.9056 extended to as high as 1.0000, and further rise towards 1.0100 to reach the next short term cycle top is still possible in the next several days. Near term support is at price channel, a break below the channel support will signal the reversal to the up trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 29, 2007 Wednesday, November 28th, 2007 USDJPY is in down trend. The fall from 117.93 extended to as low as 107.21. Further fall towards 105.00 is still possible in the next several days. Near term resistance is at the edge of the price channel, and as long as the channel resistance holds, down trend will continue. For long term analysis, USDJPY is in long term bearish movement. Further fall towards 105.00 to reach the next cycle bottom on weekly chart is expected. Please click the following links for more short term and long term forex analysis. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 28, 2007 Tuesday, November 27th, 2007 AUDUSD AUDUSD’s rise from 0.8651 is limited by the down trend line from 0.9068 to 0.8952. Fall towards 0.8500 to reach the next short term cycle bottom is still possible, and a break below 0.8651 previous will confirm such case. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 27, 2007 Monday, November 26th, 2007 GBPUSD GBPUSD broke below 2.0526 key support and topped at 2.0762 on 4 hours chart. Further fall below 2.0352 previous low to reach the next short term cycle bottom is expected to follow, and a break below 2.0515 level will confirm such case. Near term resistance is at 2.0762, only rise above this level will indicate lengthier correction to the down trend. Friday, November 23rd, 2007 GBPUSD GBPUSD formed a short term cycle bottom at 2.0352. Further rebound towards 2.0843 to reach the next short term cycle top is still possible in the next several days. However, the rise from 2.0352 is treated as correction to the down trend, and fall towards 2.0200 area is still possible after correction. Near term support is at the up trend line from 2.0352 to 2.0526, and key support is at 2.0526, a break below the key support will signal the resumption of the down trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 23, 2007 Thursday, November 22nd, 2007 USDCHF USDCHF is in down trend. The fall from 1.1891 extended to as low as 1.1006. Further fall towards 1.0900 to reach the next short term cycle bottom is still possible in the next several days. Near term resistance is at the price channel, and as long as the channel resistance holds, down trend will continue. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 22, 2007 Wednesday, November 21st, 2007 EURUSD is forming a sideways consolidation to the up trend. Pullback towards 1.4400 to reach the next cycle bottom on daily chart is still possible next week. Near term resistance is at 1.4751, a break above this level will signal the resumption of the up trend, and further rise towards 1.5000 is expected to follow. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen. Please click the following links for more short term and long term forex analysis. Tuesday, November 20th, 2007 USDJPY USDJPY is forming a sideways consolidation in a range between 109.12 and 111.74. Further fall towards 105.00 is expected, and a break below 109.12 will signal the resumption of the down trend. Near term resistance is at 111.74, only break above this level will indicate lengthier correction to the down trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 20, 2007 Monday, November 19th, 2007 AUDUSD AUDUSD rebounded from 0.8752, and further rise towards 0.9150 area to reach the next short term cycle top is still in favor. Near term support is at 0.8752, and long term key support is at 0.8748, a break below this level will signal the resumption of long term down trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – November 19, 2007 Mensajes recientes Patrocinadores Subscribe to Newsletter December 4th, 2008 Awareness # 9- Demo Trading To Feed A Trading Addiction Traders need to remind themselves of why they started to trade in the first place. If it is for fun then never open a live account for the market will take all of your money. I have seen traders literally lose millions of dollars in […] December 3rd, 2008 Awareness # 8- Lack of discipline and Patience When demo trading a trader should be developing discipline and the ability to wait for a trade to come to them. It is easy to say “This doesn’t count; its only a demo account.” This type of attitude and thinking will cause you to give up on […] December 2nd, 2008 Awareness # 7- “A Go-for-Broke” Attitude Demo trading can be fun and we believe it definitely has its place when you are learning to trade the Forex markets. It’s also appropriate when practicing your entry and exit signals. BUT trading forex in a demo account is NOT a video game where the entire purpose is […] November 28th, 2008 Awareness #5- Lack of Psychological Preparation When a trader is using a live account he pays more attention to the results, the cause and effects, or at least he should. This gives psychological feedback to the trader. In demo accounts the ability to learn from emotions during trading is limited. In fact, they are often […] November 26th, 2008 Awareness # 3- NO-RISK Control Examples of no risk control are: jumping out of an airplane at 10,000 feet without a parachute, going scuba diving without air in your tanks, or going bungee jumping with out a bungee cord. Trading with out any risk control will have the same disastrous out come. To have a […] Categorías Company News Trading Hour Schedule for the 2016 Easter Day 2016-03-24 Please note the trading hours will be affected on the 2016 Easter Day, as the following: Gold&Sliver Close at 22:00, March 24, 2016 Reopen at 00:00,March 28, 20 Trading Hour Schedule for the 2015 Christmas and New Year Holiday Period 2015-12-23 Please note the trading hours will be affected on the 2015 Christmas and New Year Holiday Period, as the following: FX Close at 23:00,24th December. 2015 Reopen at 00:00,28th Dece Trading Hour Schedule for the 2015 Thanksgiving Day 2015-11-24 Please note the trading hours will be affected on the 2015 Thanksgiving Day, as the following: Gold&Sliver Close at 19:00, November 26, 2015 Reopen at 00:00,November 27, Trading Hour Schedule for the 2015 Easter Holiday Period 2015-04-02 Please note the trading hours will be affected on the 2015 Easter Holiday Period, as the following: Gold&Sliver Close at 23:00,2nd April. 2015 Reopen at 00:00,6th April. Swiss franc did not affect to BFSforex 2015-01-22 Dear BFSforex customers, You may understand Swiss National Bank announced the abolition exchange rate limit 1.20 of EURCHF, and decrease the benchmark rate from 0.25% to 0.75%, and the global f Trading Suspended Notice 2014-2015 2014-12-23 Please review the schedule of trading sessions for the Christmas and New Year holidays below: FX Close at 23:00,24th Dec. 2014 Reopen at 23:05,25th Dec. 2014 Colse at 23: Trading Suspended Notice 2014 2014-11-27 Please note the trading hours will be affected on Thanksgiving Holiday Period, as the following Gold&Sliver Close at 19:00,27th Nov. 2014 Reopen at 00:00,28th Dec. 2014 Close at Trading Hour Schedule for the 2014 Easter Holiday Period 2014-04-17 Please note the trading hours will be affected on the 2014 Easter Holiday Period, as the following: Gold&Sliver Close at 23:00,17th April. 2014 Reopen at 00:00,21th April Trading Suspended Notice 2013 2013-12-24 Please note the trading hours will be affected on Christmas Day & New Year’s Day, as the following: FX: Close at 23:00,24th Dec. 2013 Reopen at 23:05,26th Dec. 2013 BFSforex the “Best STP/ECN Foreign Exchange Provider-2013” 2013-10-30 BFSforex justly won “Best STP/ECN Foreign Exchange Provider-2013” provided by authority organization EUROPEANCEO, standing out in hundreds of nominator of exchange providers. In thi 19 Total Record 1/2 Page Next 1 2 * Note:rading on the Forex market involves significant risks, including complete possible loss of funds. El comercio no es adecuado para todos los inversores y comerciantes. By increasing leverage risk increases (Notice of Risk). The service is not available for US residents BFSforex provides you with educational resources to help you become familiar with all the trading features and tools in the trading platform. With the BFSforex practice account you can test any trading strategies you wish in a risk-free environment. Tenga en cuenta que los resultados de las transacciones de la cuenta de prácticas son virtuales y no reflejan ninguna ganancia o pérdida real o entorno comercial real, mientras que las condiciones del mercado pueden afectar tanto a la cotización como a la ejecución. Los productos de la divisa son productos apalancados y forex que negocian por lo tanto implica un alto nivel del riesgo que puede no ser conveniente para cada uno. BFSforex recommends that you ensure that you fully understand the risks involved before making any decision concerning BFSforex's products. Se debe buscar asesoramiento independiente si es necesario. Register Trading Office Login Trading Office Download BFSforex MT4 Recommended Patrocinadores Tuesday, October 31st, 2006 The up trend of AUDUSD is limited by the top of the price channel, a slightly correction is needed before the resumption of the up trend, and further rise towards 0.7719 previous high can be expected after this correction. Key support is at 0.7610, only break below this level may delay the resumption of the up trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 31, 2006 Monday, October 30th, 2006 GBPUSD is in up trend, and more sharply rise towards 1.9072 previous high can be expected in the next couple of days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue. Key support is at 1.8869, only break below this level may delay the resumption of the up trend. Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 30, 2006 Friday, October 27th, 2006 EURUSD is in up trend, and more sharply rise towards 1.2764 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue. Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 27, 2006 Thursday, October 26th, 2006 EURUSD bottomed at 1.2524 on 4 hours chart, and further rise above 1.2641 previous high can be seen in the next couple of days. Near term support is at 1.2524, only break below this level may pull price back towards 1.2483. Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 26, 2006 Wednesday, October 25th, 2006 USDCHF is in down trend, the rise from 1.2548 is treated as in correction to the down trend, and further rise above 1.2704 to reach the next cycle top is still possible in the next couple of days, but the previous high resistance at 1.2768 will more likely be held by the end of this cycle. Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 25, 2006 Tuesday, October 24th, 2006 USDCHF bottomed at 1.2548 on 4 hours chart, and further rise towards 1.2739 previous high to reach the next cycle top is possible in the next couple of days. On the other side, the rebound from 1.2548 is treated as in correction to the down trend, and the resistance at 1.2768 will more likely be held by the end of this cycle. (Más & hellip;) Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 24, 2006 Monday, October 23rd, 2006 USDJPY is in correction to the down trend, further fall towards 117.38 to reach the next cycle bottom is still possible in the next couple of days. Key resistance is at 119.16, only break above this level may signal the reversal to the down trend. (Más & hellip;) Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 23, 2006 Friday, October 20th, 2006 AUDUSD is in up trend, more sharply rise towards 0.7650 can be expected in the next several days. Near term support is at the up trend line, as long as the trend line support holds, up trend will continue. Key support is now at 0.7521, only break below this level may signal the reversal to the up trend. (Más & hellip;) Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 20, 2006 Thursday, October 19th, 2006 AUDUSD is in up trend, further rise towards 0.7577 to reach the next cycle top is possible in the next couple of days. Near term support is at the up trend line, break below the trend line support may imply that the pair is topping on 4 hours chart, pullback towards 0.7488 can be expected. (Más & hellip;) Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 19, 2006 Wednesday, October 18th, 2006 Key support at 1.2665 is broken below, USDCHF topped at 1.2768 on 4 hours chart. Further fall below the up trend line support is still possible later today. Key resistance is at 1.2768, only beak above this level may signal the resumption of the up trend. (Más & hellip;) Posted in Short Term Analysis | Comments Off on Short Term Analysis – October 18, 2006 Mensajes recientes Patrocinadores Subscribe to Newsletter European stock market open 3 December Premier sitio de noticias de comercio de divisas Fundada en 2008, ForexLive.com es el primer sitio de noticias de comercio de divisas que ofrece comentarios, opiniones y análisis interesantes para los verdaderos profesionales de comercio de divisas. Obtenga las últimas noticias de cambio de divisas y las actualizaciones actuales de los comerciantes activos diariamente. Las publicaciones del blog de ForexLive.com cuentan con análisis técnicos de vanguardia, consejos gráficos, análisis de divisas y tutoriales de negociación de pares de divisas. Descubra cómo aprovechar las oscilaciones en los mercados de divisas globales y ver nuestro análisis de noticias de divisas en tiempo real y las reacciones a las noticias del banco central, los indicadores económicos y los eventos mundiales. 2016 - Live Analytics Inc v.0.8.116 (t) ALTO RIESGO ADVERTENCIA: El comercio de divisas conlleva un alto nivel de riesgo que puede no ser adecuado para todos los inversores. El apalancamiento crea un riesgo adicional y una exposición de pérdidas. Antes de decidir intercambiar divisas, considere cuidadosamente sus objetivos de inversión, nivel de experiencia y tolerancia al riesgo. Usted podría perder parte o la totalidad de su inversión inicial; No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados con el comercio de divisas y busque asesoramiento de un asesor financiero o fiscal independiente si tiene alguna pregunta. AVISO ADVISORY: FOREXLIVE ™ proporciona referencias y enlaces a blogs seleccionados y otras fuentes de información económica y de mercado como un servicio educativo para sus clientes y prospectos y no respalda las opiniones o recomendaciones de los blogs u otras fuentes de información. Se aconseja a los clientes y prospectos considerar cuidadosamente las opiniones y análisis que se ofrecen en los blogs u otras fuentes de información en el contexto del análisis individual y la toma de decisiones del cliente o prospectos. Ninguno de los blogs u otras fuentes de información debe considerarse como un historial. El rendimiento pasado no es garantía de resultados futuros y FOREXLIVE ™ aconseja específicamente a clientes y prospectos revisar cuidadosamente todas las reclamaciones y representaciones hechas por asesores, bloggers, administradores de dinero y vendedores de sistemas antes de invertir fondos o abrir una cuenta con cualquier distribuidor de Forex. Cualquier noticia, opinión, investigación, datos u otra información contenida en este sitio web se proporciona como comentario general del mercado y no constituye asesoramiento de inversión o comercialización. FOREXLIVE ™ renuncia expresamente a cualquier responsabilidad por cualquier pérdida de capital o beneficios sin limitación que pueda derivarse directa o indirectamente del uso de o de la confianza en dicha información. Al igual que con todos estos servicios de asesoramiento, los resultados anteriores nunca son una garantía de resultados futuros. Cómo ver Touch / Click en cualquier lugar para cerrar Thanks Giving holiday in the US on Thursday – Currency Strength and Weakness for Thursday 26th November 2015 Thanks Giving holiday in the US on Thursday – Currency Strength and Weakness for Thursday 26th November 2015 Hi Forex Trader, I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market. My suggestions are posted by 6pm EST each day. Overall there is strength in the NZD and GBP. Overall there is weakness in the CHF, EUR and JPY. Trading Directions I am favouring for the next 24 hours Buy Trades – GBP/JPY, NZD/JPY, NZD/CHF, GBP/CHF, CAD/CHF VERY IMPORTANT . These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don’t have your own trading strategy then email me here for help. . I will be holding a 12 Days of Christmas Special Offer starting on 4th December. I will also be videos highlighting the 5 biggest issues that Forex Traders struggle with. To gain access to the videos and to find out more about the Christmas offer, please click this link. & # 8211; Andrew Mitchem The Forex Trading Coach Professional Forex Trader and Educator From Dairy Farmer To FOREX TRADER How do I find the best Forex Expert Advisor? I am testing many different expert advisors in the Forex but want to find one that really works without risking a lot of time and money. Is there any advice out there? Thank you Technorati Tags: expert advisors, forex, google, script type, Updated: December 31st, 2009 at 08:29 pm | Posted: December 31st, 2009 at 04:42 pm Related Posts: How do I choose a forex robot? I am looking at purchasing a robot but want to know how to sort the rubbish out from the good. I am currently looking at forex megadroid, Poison robot, Pips Leader. Any suggestions, has anyone tried these robots with success. Technorati Tags: Updated: December 30th, 2009 at 09:26 pm | Posted: December 30th, 2009 at 07:06 pm Related Posts: Does anyone know how to show a live forex trading account on a website? I have seen forex sites that show live updates on forex accounts, can anyone tell me how or direct me to a site that explains how to do this? Technorati Tags: forex accounts, google, live updates, script type, text javascript Updated: December 29th, 2009 at 09:26 pm | Posted: December 29th, 2009 at 07:24 pm Related Posts: Where can I find a list of the most successful Forex traders? Does anyone know where I can get a list of the most successful Forex traders? I would like to see how much they have made and learn about how they trade. Technorati Tags: forex traders, google, script type, text javascript Updated: December 27th, 2009 at 08:26 pm | Posted: December 27th, 2009 at 07:18 pm Related Posts: How do i start FOREX trading? How can i benefit from FOREX trading? Technorati Tags: google, script type, text javascript Updated: December 26th, 2009 at 06:26 pm | Posted: December 26th, 2009 at 04:58 pm Related Posts: what are the things that you need to know before learning forex trading? I mean what do I need to learn? I’ve searched up on websites like forex for noobs or baby forex (a site for forex newbie like myself..) but I failed to understand what the heck they’re talking about so basically I figured out that I’ Updated: December 24th, 2009 at 06:25 pm | Posted: December 24th, 2009 at 04:41 pm Related Posts: Do automated forex trading robots work in the forex currency market? I’m considering purchasing a program that is an automated trading "robot" on the forex currency exchange. Has anyone out there ever had a fallout or lost a lot of money using this system? Technorati Tags: automated trading, curr Updated: December 22nd, 2009 at 11:26 pm | Posted: December 22nd, 2009 at 09:39 pm Related Posts: What’s a decent forex broker which is not a seedy bucket shop but still not to high priced? What’s a decent forex broker which is not a seedy bucket shop but still not to high priced? I want something that I can start off with with around 0 or so just so I can learn the ropes and make my little trades. I’ve read warnings about c Updated: December 20th, 2009 at 06:27 pm | Posted: December 20th, 2009 at 04:41 pm Related Posts: I need forex help. what chart option is the best to figure out if there are alot of trades happening in the forex market. I like days where there is alot of movement. Huge spikes regardless of the direction, anyone have any suggestions? Technorati Tags: alot, f Updated: December 20th, 2009 at 02:26 pm | Posted: December 20th, 2009 at 12:04 pm Related Posts: If I Open a trade in forex, Does it mean I’m creating a “market order†? I’m a newbie in forex trading, just downloaded a broker platform and doing demo/practice account. There I see option called "open trade" and also called "create order". I’m confused that whether in order to open a positio Updated: December 18th, 2009 at 09:25 am | Posted: December 18th, 2009 at 07:16 am Related Posts: Load More Posts WTI Crude Oil Price Forecast: Iran Speaks, Saudi Denies, Oil Falls To receive Tyler’s analysis directly via email, please SIGN UP HERE Crude Oil Technical Strategy. Oil Prints Lowest Price Since August 26th, Further Downside Favored Mid-November Low Breaks As US Dollar Strength Turns Focus on August 24 th Low Resistance Remains at Weekly R1 Pivot and Late-November High of $43.43 It’s that time of year again. A showdown is likely to take place in terms of who in OPEC is willing to cut production, and who is unwilling to lose market share should the Oil Price recover. A year ago, OPEC opted not to cut production, which sent price plunging below $70 per barrel. The question many are now asking is whether or not OPEC will cut production $30 below the level we were at a year ago. It’s worth noting that many OPEC countries need Oil at certain levels in order to meet fiscal policy budgets. However, it appears there is no consensus ahead of Friday’s meeting as we first got word from Iran that there was broad willingness to cut production, which sent Oil higher only to be followed by the headline, ‘SAUDI ARABIA, GULF ARAB COUNTRIES DON'T SUPPORT CUT.’ Without consensus, production will continue running high that could keep pressure on Oil. Ten minutes after the announcement of disagreements this morning, we received the inventory data from the Department of Energy that showed a much larger build than expected, of actual 1177k vs. exp. -679k. The above events combined with a strong US Dollar that is inversely correlated to the WTI Crude Oil caused Oil to see sub-$40 oil today and the volatility isn’t expected to slow down. Interested In our Analyst’s Longer-Term Oil Outlook, be sure to sign up for our free oil guide here. The prior support focus of $39.89 broke today, and we’re looking at a close below another significant level of $40.48. $40.48 comprises of the 78.6% Fibonacci level of the August October range, the high price of the 2015 extreme day on August 24 th. and the closing price of November 19 th where price hit a previous multi-month low. Looking to technical indicators, the 21-DMA at $42.41 and Weekly Pivot at $41.91 will continue to act as near-term support followed by the prior key resistance of the Weekly R1 and late-November price high of $43.43bbl Given that an OPEC cut is unlikely at Friday’s meeting without Saudi support and US Dollar strength, we’ll continue to favor downside. FX Traders could look to confirmation via the inversely correlated USDCAD could make a push to new highs. Strong trends are your friends for many reasons in trading, and one reason is that their slow to leave you. This trend lower in US Oil will remain with price staying below resistance at $41.91/$43.43bbl zone and opportunities to sell on strength appears the favorable approach until the larger environment changes. Would You Like To See How Other Traders Are Positioned in Key Currencies? If so, Click Here DailyFX proporciona noticias forex y análisis técnico sobre las tendencias que influyen en los mercados de divisas globales. Aprenda el comercio de divisas con una cuenta de práctica libre y gráficos comerciales de FXCM. xtrade, 20 USD no deposit bonuses December xtrade broker 20 USD no deposit bonuses December. Xtrade is an innovative international provider. Xtrade provide online forex trading to them clients. 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[& Hellip;] Event: GDP Period: 4 quarter Previous Reading: 0.3% q/q; 1.4% y/y Forecast: 0.3% q/q; 1.4% y/y Actual Reading: 0.3% q/q; 1.4% y/y The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets. Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish. Technically, Gross Domestic Product is calculated in the following way: GDP = C + I + G + (EX - IM) C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services. French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP. Event: GDP Period: 4 quarter Previous Reading: 1.0% q/q; 1.9% y/y Forecast: 1.0% q/q; 1.9% y/y Actual Reading: The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy. GDP Influence On Markets If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening. Gross Domestic Product is calculated in the following way GDP = C + I + G + (EX - IM) where C = private consumption I = private investment G = government expenditure EX = exports of goods and services IM = imports of goods and services The figure is commonly reported in headlines as an annualized percentage, based on quarterly data. On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most. Europe Roundup: Stocks Gain As Focus Turns to G20 Policymakers Meeting; Sterling to Post Biggest Weekly Loss Since 2010, Oil Improves Risk Sentiment - Friday, February 26th, 2016 USD/JPY trading higher to 113.22 but not convincing. GBP/USD back above 1.40 but short lived. Swiss Q4 Non-Farm Payrolls 4.897 mln vs 4.244 mln. EZ February Business Climate 0.07 vs 0.29 previous, 0.28 expected. EZ February Econ Sentiment 103.8 vs 105.00 previous, 104.4 expected. EZ February Consumer Confidence -8.8 vs -3.2 previous, -6.7 expected. EZ February Consumer inflation expectations 3.7 vs 2.3 previous. U.S Treasury Sec- China needs to communicate policies clearly, especially exchange rate. Japan Fin Min Aso - Not considering added fiscal stimulus. Aso - Wants to reaffirm G20 commitment against deval race. Kuroda - BoJ won't deepen negative rates at pre-set timing. BoJ Gov Kuroda - QQE/NIRP working but global risk aversion. Kuroda- Technically possible to push interest rates more negative. PBOC Zhou - China has more room to support economy. IMF Lagarde - Policymakers should go bold, go broad, go together. OECD calls for G20 structural reforms. BoE Gov Carney warns NIRP could prove zero-sum game. Jan core CPI unchanged y/y, as expected, core-CPI +0.7%; Tokyo Feb -0.1% vs -0.2%. UK Feb GfK consumer conf. index at zero, +3 expected, lowest since Dec '14. (0830 ET/1330 GMT) The U.S. Commerce Department's second estimate of fourth-quarter gross domestic product is expected to show the economy expanded at a 0.4 percent annual rate, compared with the 0.7 percent pace reported last month. The goods trade balance for January likely improved to $-61.1 bln from $-61.50 bln. (0900 ET/1400 GMT) Mexico's jobless rate for January is likely to be at 4.4 percent, up from the headline unadjusted rate of 3.96 percent in November. Also, the trade balance data for January will show if factory exports are picking up or not after recent weakness due to uneven U.S. demand. (1000 ET/1500 GMT) The U.S. Commerce Department releases its report on consumer spending for January which likely rose 0.3 percent after being flat in December. The report will probably show an uptick in inflation pressures last month. The personal income is expected to have risen 0.4 pct after rising 0.3 pct in December. (1000 ET/1500 GMT) The Reuters/Michigan Consumer Sentiment Index for Feb is likely inched higher to 91 from 90.7 in January. (1300 ET/1800 GMT) Baker Hughes US Oil Rig Count. (1015 ET/1515 GMT) Federal Reserve governors Jerome Powell, San Francisco Fed President John Williams. (1145 ET/1645 GMT) Fed Trade ops15-year F.Mae/F.Mac max $575mln. (1330 ET/1830 GMT) Lael Brainard and the European Central Bank's Peter Praet will speak on: "Language after Liftoff: Fed Communication Away from the Zero Lower Bound" before the 2016 U.S. Monetary Policy Forum in New York. USD . The dollar edged down 0.1 percent to 97.368 against a basket of currencies as investors are focusing on a G20 summit of policymakers in Shanghai. It was up about 0.8 percent for the week. The greenback slipped 0.1 percent to 112.90 yen after rising as high as 113.22 and was up about 0.3 percent for the week. EUR/USD . The euro came under pressure as rising stock markets made investors less inclined to pile into safe-haven and low-yielding currencies, including the yen. It has retreated after making a high of 1.10682 and was trading around 1.10140. The short term trend is weak as long as resistance 1.10880 holds. Any break above 1.10880 will take the pair till 1.1100/1.1155 in short term. The minor resistance is at 1.1070 and on the lower side major support is around 1.0980. Any break below 1.0980 will drag it till 1.0920/1.0890/1.0835. USD/JPY . The Japanese yen has broken major resistance 112.85 and jumped till 113.22. It was trading around 113.06 and the short term trend is slightly bullish as long as support 112 holds. On the lower side major support is around 112 and break below targets 110.80/110. The minor resistance is around 113.25 and break above targets 113.60 /114.50. GBP/USD . The Sterling rose 0.5 percent to $1.4035, moving away from a 7-year low of $1.3878 hit on Wednesday but on track to post its biggest weekly fall of 2.7 percent since 2010. It has broken minor resistance 1.4020 and jumped till 1.40423. The short term trend is still weak as long as resistance 1.40850 holds. On the lower side major support is around 1.3950 and any break below targets 1.3900/1.3880/1.3825 level. The major resistance is around 1.4020 and break above targets 1.4085/1.4195. The short term bearish invalidation will be only above 1.4200. Some sellers are targeting $1.35 and below, levels last seen when the pound sank towards parity with the dollar in the mid-1980s. The euro was down 0.6 percent at 78.45, having hit a 14-month high of 79.28 pence on Thursday. USD/CHF . The pair has retreated after making a high of 0.99517 yesterday, it was trading around 0.99198. On the higher side it is facing resistance around 0.9960 and break above targets 1.000/1.0035/1.00729. The short term trend is slightly bullish as long as support 0.9850 holds. Any break below 0.9850 will drag it till 0.9800/0.9720. AUD/USD . The Australian dollar held near this year's highest levels following the upbeat data and improving risk sentiment, putting them on track for hefty weekly gains. It was trading around 0.72135 and the short term trend is slightly bullish as long as support 0.7150 holds. On the higher side major resistance is around 0.7260 and break above targets 0.7300/0.7380. The major support is around 0.7150 and break below will drag the pair till 0.7100/0.7075. The Aussie was on track for a weekly increase of 1.3 percent, its third week of gains, having bounced from a 7-year trough of $0.6827. The pound dropped to its lowest since May at A$1.9249 and is down around 10 cents so far this year. NZD/USD . The New Zealand dollar powered up 0.6 percent and hit an 8-week peak of $0.6775. It looked set to test the December high of $0.6881. It has bounced 3 cents this month, and if sustained, it would be the largest increase since October. The kiwi sent the already soggy pound to fresh 10-month lows at NZ$2.0617. Shares gained for the third consecutive day as G20 policymakers mulling of ways to revive struggling global economy amid renewed financial and political risks.Europe's FTSEurofirst 300 rose 0.8 pct, Britain's FTSE 100 was up 0.9 pct, France's CAC climbed 1.1 pct and Germany's DAX gained 1.5 pct in early deals.Tokyo's Nikkei closed up 0.30 pct at 16,188.41, MSCI's broadest index of Asia-Pacific shares outside Japan rose over 1 percent. China's CSI300 Index ended up 1.0 pct at 2,948.03 points, gained 3.4 pct for the week, while Shanghai Composite Index closed up 0.9 pct at 2,767.21 points, gained 3.2 pct for the week. HK's Hang Seng Index rose 2.5 pct at 19,364.15 points. Crude oil prices reversed losses on Friday as traders closed short positions and strong U.S. gasoline demand supported the market. Brent crude futures were trading at $35.44 per barrel at 0816 GMT, up 15 cents from their last close and an intra-day low of $34.73 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 26 cents at $33.33 a barrel and up from a low of $32.76.Gold inched higher on Friday despite a recovery in stocks, underscoring support from bullish technical and money flows into exchange traded funds. Spot gold gained 0.3 percent to $1,237.30 an ounce by 0744 GMT. The 10-year Treasury yield stood at 1.7330, up 36 bps, while the benchmark German 10-year bund yield was little changed at 0.14 percent. Spanish 10-year bond yield was little changed at 1.60 percent, having declined 10 basis points in the previous four days.The Japanese government bonds recorded a mixed performance with prices in the super long zone edging down as investors locked in profits after yields touched record lows this week. The 20-year yield rose one bp to 0.550 percent, after it fell to a record low 0.540 percent on Thursday. The 30-year yield added 2.5 bps to 0.860 percent, a day after plumbing a record low of 0.840 percent. The benchmark 10-year JGB yield gained half a basis point to minus 0.070 percent, after hitting a fresh all-time low of minus 0.075 percent. March 10-year JGB futures added 0.06 point to end at 152.09.UK Gilts opened 9 ticks lower than the settlement of 121.61 as core markets went risk on due to a solid Asian equity session. Early sellers have respected yesterday's highs on 10-year cash yields at 1.41% with a day high of 1.401%.Australian government bond futures were a tad firmer, with the 3-year bond contract up 1 tick to 98.270. The 10-year contract was edged up 1 tick to 97.6100, while the 20-year contract was steady at 97.0750. New Zealand government bonds gained, sending yields 2 bps lower along most of the curve. Published: 2016-02-26 12:07:00 UTC+00 3 weeks, 6 days, 23 hours ago Новости Форекс Онлайн Каждый, кто торгует на рынке Форекс, знает, что стоимость той или иной валюты зависит от множества факторов. Так, например, цена валюты зависит от макроэкономического положения страны, которой принадлежит эта денежная единица. Поэтому, чтобы трейдинг приносил прибыль, нужно постоянно просматривать экономические новости, а также уметь быстро разбираться в отчетах регуляторов. Для вашего удобства мы предлагаем вам специальный раздел «Форекс-новости», в котором представлена непрерывная, регулярно обновляемая лента свежих новостей. Самые интересные новости помечаются как «Новость дня». Новости экономики и финансов . размещаемые на нашем сайте, мы получаем от ведущих мировых аналитических и информационных агентств. Новости рынка Форекс — это незаменимый инструмент, который необходим в прогнозе движения цены. В частности, если опубликованные данные противоречат рыночному тренду, то влияние новости на динамику рынка ограничится несколькими часами. Если же наоборот — данные подтвердят движение тренда — то он будет только увеличиваться с возможным откатом в будущем. Ниже представлены последние Форекс-новости, оказывающие непосредственное влияние на котировки валют, — новости экономики, финансов, политики и валютных рынков. Следите за изменениями в мире Форекс, и вы всегда будете в курсе самых важных событий, что позволит вам своевременно принимать решения при совершении торговых операций. Error de servidor en la aplicación '/'. Se detectó un valor Request.Path potencialmente peligroso desde el cliente (?). Descripción: Se produjo una excepción no controlada durante la ejecución de la solicitud web actual. Revise el seguimiento de la pila para obtener más información acerca del error y dónde se originó en el código. Detalles de excepción: System.Web.HttpException: Se detectó un valor Request.Path potencialmente peligroso desde el cliente (?). Se generó una excepción no controlada durante la ejecución de la solicitud web actual. La información sobre el origen y la ubicación de la excepción se puede identificar utilizando el seguimiento de la pila de excepciones a continuación. Japanese Data takes the limelight in the midst of thin holiday markets Last update. 26th December 2014 (09:23 CET) USDJPY support eased but the currency pair was able to maintain 120 levels after earlier Japanese data showed that consumer price inflation slowed again while industrial production registered another contraction for the month of November. Amongst the majors the USD is in support, while the JPY continues in negative territory. Markets are in slow gear after the Christmas break. Amongst the metals Gold has managed gains this morning as well as it tested highs of $1188.74 after opening at $1173.86. EURUSD rose to re-test last Wednesday’s highs at 1.2219 but quickly lost pace and is now back to 1.2191 sticking to what seems to be a range bound trading pattern. Volatility and price swings are the symptoms of thin holiday trade. Today the economic docket remains fairly empty with some of the major markets still closed today, New York however is expected to open. Advertencia de riesgo: La negociación de divisas o contratos por diferencias de margen conlleva un alto nivel de riesgo y puede no ser adecuado para todos los inversores. Existe la posibilidad de que usted pueda sostener una pérdida igual o mayor que toda su inversión. Por lo tanto, no debe invertir o arriesgar dinero que no puede permitirse perder. Debe asegurarse de que entiende todos los riesgos. Before using ServiceCom Ltd services please acknowledge the risks associated with trading. El contenido de este sitio web no debe interpretarse como un consejo personal. ServiceCom Ltd. recomienda buscar asesoramiento de un asesor financiero independiente. Levarage Forex Trading In India Forex Trading for Beginner: We (Saai Forex Education) are one of the best online resources to learn forex trading online. In continuation with our online learning this is the new blog to understand how to use leverage in Forex trading. One of the best things in forex trading is that the leverage offered you will not such a leverage in any other trading entities (Commodity & Equity). If you understand leverage and its usages it will add up to whatever you are earning today. Below information is very useful for beginner in forex trading so please take some time and read it carefully. How to Use Leverage in Forex Trading The use of leverage has become a common practice because of the availability of forex trading to retail investors. However, most of the traders do not understand the nature of this financial tool and they do not know how it could affect their accounts. Traders think that the used leverage may magnify their losses or it might speed up their profits. In order to establish proper use of leverage, you should know what leverage is. forex trading in India In forex trading, traders can borrow money from their forex brokers to buy or sell a bigger amount of currencies than they actually have in their trading account. The borrowed money used by the traders is known as leverage. Generally a forex account needs a margin of 50:1, 100:1 or even 200:1. For example, if one’s account offers 100:1 margin, this would mean that if a trader wants to trade $1000 then he/she has to have at least $10 in his/her trading account. Hence, it is clear that the maximum size of a position that a trader could open is equal to the amount present in his/her trading account multiplied by the margin requirement. If a trader uses a leverage of 200:1 and opens a position with $100000 then even with a negative movement of 1 pip, he/she may suffer a heavy loss. Hence a lot of risk is associated with trading on margin and using leverage. However a trader can earn handsome amount of money if the trade proceeds in a positive direction. Things become different if a trader does not use all the leverage available to him/her. A trader may use 1% or 2% of the total leverage offered by his/her forex broker and should have the rest in the trading account as a safety net. In this way, a trader can manage to increase his/her potential profits by taking larger position without risking much money. This is the point where money and risk management enter the picture. Do not use much of the account equity if you want a proper risk management. In the financial literature use of leverage ranging from 2% to 10% is considered ideal. Certainly, if more of your trading account is engaged in different open positions, greater is the risk associated with the trading. In such cases there is probability of losing large amount of money if the market moves in the negative direction. If you are a novice trader then you should be very careful while using leverage because it may turn your trading account into negative. In short, leverage is a powerful instrument because it provides opportunities to the traders to earn a good amount of money with their little invested money. But do not forget that like a snake’s poison it can kill all your trading capital if it not used in a proper amount. On the whole, leverage does not create the problems but all the problems in forex trading arise because of wrong risk and money management. Weekly Forex Review – 26th to the 30th of October October 25, 2015 by admin The Engulfing Trader – http://www.forexreviews.info/the-engulfing-trader-series/ The 5 Day Trend Training Series – http://www.forexreviews.info/5-day-trend-trading-course/ The Candlestick Training Series – http://www.forexreviews.info/the-candlestick-training-series/ For an overview of all the Forex Training available at Forex Reviews visit – http://www.forexreviews.info/forex-training/ Weekly Forex Outlook and Review for the 26th to the 30th of October 2015. Pairs and Markets Analysed this Week Include: EURUSD, GBPUSD, AUDUSD, NZDUSD, GBPAUD, EURAUD, USDCHF, EURJPY, USDCAD, Gold, Silver, Oil and AUDNZD. Thanks for watching and Happy Trading, if you watched this bio do not forget to comment, like and subscribe. Also comment “Happy Trading” below to let me know you read the bio as well. I appreciate you all. Website – http://www.forexreviews.info/ Get Email Updates – http://www.forexreviews.info/learn Facebook – https://www.facebook.com/forexreviewsdotinfo Twitter – https://twitter.com/forexdotinfo Google Plus – https://plus.google.com/+ForexreviewsInfo/posts Also before you go, take the Price Action Quiz – http://www.forexreviews.info/price-action-master-quiz/ By Watching this video and clicking the play button it means also that you agree to the disclaimer at the website here – http://www.forexreviews.info/privacy-and-disclaimer/ Comments are closed, but trackbacks and pingbacks are open. Changes to Bank Payment Processing in USD, 26th November, 2015 Alpari Limited, Cedar Hill Crest, Villa, Kingstown VC0100, San Vicente y las Granadinas, Antillas, está registrada bajo el número de registro 20389 IBC 2012 por el Registro de Empresas Comerciales Internacionales, registrado por la Autoridad de Servicios Financieros de San Vicente y las Granadinas. 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Refresh Data can not be shown. Refresh We can speak with you in the following languages: Data can not be shown. Refresh We're sorry, an error has occurred. Por favor, inténtelo de nuevo más tarde. La notificación de este error se ha enviado a nuestro equipo de soporte técnico. Para ser redirigido al sitio web europeo de Alpari, operado por Alpari Europe Ltd., una empresa registrada en Malta y regulada por MFSA, haga clic en Continuar. Para permanecer en esta página, haga clic en Cancelar. The Korean Won is up 32% since March, and 8.2% on the year. At the same time, it is 20% below is 2007 year-end level, as well as 13% weaker than the 2006 average of 955 and 15.5% weaker than the 2007 average. Focusing only on the Won’s appreciation would probably cause some technical analysts to back off, while comparing it only to the highs of a couple years ago would lead others to pile in, without knowing examining other indicators. In my opinion, this is a situation in which technical analysis – because of the potential to send conflicting signals – falls short. Ergo, let’s turn to the fundamental picture. The Korea Won has adhered closely to the overarching forex narrative. When the credit crisis struck, investors fled from Korea, and the Won lost 50% of its value practically overnight. With the return of risk-taking in the second quarter of 2009, however, the safe-haven appeal of the Dollar faded, and the Won rebounded strongly. With the potential end of the carry trade in sight, however, the Won has stuttered, and some analysts portend a decline in the near-term. However, while many currencies will no doubt experience a correction if/when the Fed raises interest rates, the Korean Won probably won’t be one of them. Korean investments have certainly been buoyant of late, but not nearly to the same extent as in other emerging markets, where it could be argued speculative bubbles are now forming. In addition, Korean interest rates are hardly lofty; its benchmark rate is only 2%, hardly enough to justify a carry trade strategy in and of itself. Instead, investors have been flocking to Korea for the economic fundamentals. Despite an appreciating currency, Korea’s trade surplus is on pace to hit a record $45 Billion this year, with a healthy $15-20 Billion forecast for 2010. In fact, the rising Won has has virtually no effect on exports, as Korean companies had prudently assumed that the Korean Won would be even more expensive (based on 2007 levels). In the automobile industry. for example, “New models being introduced now were designed and engineered two years ago to keep the company in the black even if the won strengthened to 900 to the dollar.” For that reason, analysts expect 2010 will be a banner year for the economy. After a modest expansion in 2009, GDP is projected to grow by 4.5-5% next year, the third highest among large economies, behind only China and India. The Central Bank of Korea is also operating as though the Won will keep appreciating, irrespective of what happens to the carry trade. In one session last week, it intervened in forex markets to the tune of $500 million, with the goal of depressing the Won. With the recent expiration of a currency swap with the Fed, this is just as well, as Dollars could soon once again be in short supply. Korean monetary policy remains expansionary, but if the economy takes off in 2010 as expected, the Central Bank will have no choice but to raise rates and keep inflation within its target range . In addition, there is now talk of turning the Korean Won into an international currency. & # 8221; ‘Korea has the opportunity to upgrade the won’s global status as a host country of the G20 2010 Summit.’ International use of the Korean won has been insignificant, although the nation’s share in international trade and finance has increased quickly,” analysts have observed. That the government of Korea is looking to promote the Won as a stable currency implies that it is comfortable with the prospect of further appreciation. In short, the Won will probably be one of the standouts in 2010. Many currencies will suffer as changes in global monetary policy and the appearance of asset price bubbles cause investors to back off of the carry trade and exit certain emerging markets. South Korea won’t be one of them. With strong fundamentals and a growing profile, it’s no wonder that most analysts expect the Won to appreciate by another 10% in 2010. Given that tomorrow is the first day of 2010, we won’t have to wait long to find out! On that note, happy new year! In October, the Reserve Bank of Australia (RBA) became the first industrialized Central Bank to raise interest rates. It followed this up with two additional hikes in November and December, bringing its benchmark rate to the current level of 3.75%, by far the highest among major currencies. This series of rate hikes caught (forex) markets completely off guard, and investors moved quickly to price the changes into securities and exchange rates. The Australian Dollar initially spiked more than 7% following the first rate hike, bringing its total appreciation in 2009 to 32%- enough to earn it the distinction as the second-best performing currency, after the Brazilian Real. Beginning in November, however, concerns began to build that perhaps traders had gotten ahead of themselves, and the AUD has been in freefall since then. Investors now fear that the RBA may have acted too hastily in hiking rates so soon and so fast. By its own admission, the RBA raised rates only after much deliberation: “The rate adjustment ‘would not be intended to slow demand compared with the current forecast path, but aimed simply at keeping the stance of policy appropriate for improving economic conditions,’ & # 8221; according to its own minutes. Since the recession was ultimately so mild (some would say ‘non-existent’) in Australia, however, the RBA ultimately decided that (pre-emptive) rate hikes were in order. Now, interest rates are back in the “normal range ,” according to a deputy governor from the RBA. In other words, the current rate is perceived as neither promoting nor hindering aggregate demand, which means it may not need to be tweaked much more in the near-term. In addition, there is growing concern that further rate hikes could trigger a cycle of deleveraging, because of the high debt burdens that plague Australian households and businesses. Household debt already exceeds 100% of GDP, which is even higher than in the US. Besides, financial institutions are raising their own lending rates by wider margins than the benchmark rate hikes, so there is less impetus for the RBA to act further. Investors appear to have come to terms with this, as futures markets now reflect a 45% probability of another interest rate hike at the next RBA meeting, in February. This is down from 67% only last week. If you’re wondering whether the RBA could be influenced by the lofty Australian Dollar when conducting monetary policy, it’s conceivable but not probable. It has already acknowledged that the carry trade is generally “back in vogue ” and specifically targeting its very own Aussie, but that “As on earlier occasions, the economy has proven to be resilient to these [forex] swings.” If it turns out that the markets truly overestimated the pace of recovery (and by extension, interest rate hikes) in Australia, then the RBA won’t even have to worry about whether the economy can withstand further appreciation, since the AUD would probably remain fixed at current levels. Today, we bring you an interview (the second part, and complete transcript) with Edward Hugh, a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Edward is based in Barcelona, and is currently engaged in research into the impact of aging, longevity, fertility and migration on economic growth. He is a regular contributor to a number of economics blogs, including India Economy Blog, A Fistful of Euros. Global Economy Matters and Demography Matters . Forex Blog: I’d like to begin by asking if there is any significance to the title of your blog (“Fistful of Euros”), or rather, is it only intended to be playful? Obviously the title is a reference to the Segio Leone film, but you could read other connotations into it if you want. I would say the idea was basically playful with a serious intent. Personally I agree with Ben Bernanke that the Euro is a “great experiment”, and you could see the blog, and the debates which surround it as one tiny part of that experiment. As they say in Spanish, the future’s not ours to see, que sera, sera. Certainly that “fistful of euros” has now been put firmly on the table, and as we are about to discuss, the consequences are far from clear. Forex Blog: You wrote a recent post outlining the US Dollar carry trade, and how you believe that the Dollar’s decline is cyclical/temporary rather than structural/permanent. Can you elaborate on this idea? Do you think it’s possible that the fervor with which investors have sold off the Dollar suggests that it could be a little of both? Well, first of all, there is more than one thing happening here, so I would definitely agree from the outset, there are both cyclical and structural elements in play. Structurally, the architecture of Bretton Woods II is creaking round the edges, and in the longer run we are looking at a relative decline in the dollar, but as Keynes reminded us, in the long run we are all dead, while as I noted in the Afoe post, news of the early demise of the dollar is surely vastly overstated. Put another way, while Bretton Woods II has surely seen its best days, till we have some idea what can replace it it is hard to see a major structural adjustment in the dollar. Europe’s economies are not strong enough for the Euro to simply step into the hole left by the dollar, the Chinese, as we know, are reluctant to see the dollar slide too far due to the losses they would take on dollar denominated instruments, while the Russians seem to constantly talk the USD down, while at the same time borrowing in that very same currency – so read this as you will. Personally, I cannot envisage a long term and durable alternative to the current set-up that doesn’t involve the Rupee and the Real, but these currencies are surely not ready for this kind of role at this point. So we will stagger on. On the cyclical side, what I am arguing is that for the time being the US has stepped in where Japan used to be, as one side of your carry pair of choice, since base money has been pumped up massively while there is little demand from consumers for further indebtedness, so the broader monetary aggregates haven’t risen in tandem, leaving large pools of liquidity which can simply leak out of the back door. That is, it may well be one of the perverse consequences of the Fed monetary easing policy that it finances consumption elsewhere – in Norway, or Australia, or South Africa, or Brazil, or India – but not directly inside the US. This is something we saw happening during the last Japanese experiment in quantitative easing (from 2002 – 2006) and that it has the consequence, as it did for the Yen from 2005 to 2007, that the USD will have a trading parity which it would be hard to understand if this were not the case. I am also suggesting that this situation will unwind as and when the Federal Reserve start to seriously talk about withdrawing the emergency measures (both in terms of interest rates and the various forms of quantitative easing), but that this unwinding is unlikely to be extraordinarily violent, since the Japanese Yen can simply step in to plug the gap, as I am sure the Bank of Japan will not be able to raise interest rates anytime soon given the depth of the deflation problem they have. Indeed, investors will once more be able to borrow in Yen to invest in USD instruments, to the benefit of Japanese exports and the detriment of the US current account deficit, which is why I think we are in a finely balanced situation, with clear limits to movements in one direction or another. Forex Blog: In the same post, you suggested that the Fed will be the first to raise interest rates. Why do you believe this is the case? How will this affect the Dollar carry trade? Well, I would want to qualify this a little, becuase things are not that simple. In fact, as Claus Vistesen argues in this post. the ECB has rather “locked itself in” communicationally, and by talking up the eurozone economies they now have markets expecting clear exit road maps and even pricing in interest rate rises from the third quarter of next year. But if we look at the underlying weaknesses in some of the Eurozone economies – evidently Spain, but Italy is hardly likely to have a strong robust recovery, and the German economy needs exports and hence customers to really return to growth – it is hard to see monetary tightening being applied with any kind of vigour at the ECB, so they may move up somewhat – say to 2% – and then stop for some time. I was also suggesting that in the short run they may do this to assist in the process of unwinding the global imbalances, since allowing the Fed to lead the world out of the monetary easing cycle would almost certainly provoke a rebound in USD, and problems for correcting the US current account deficit. Really none of the developed economies (not even Norway) seem to be looking at the sort of really strong “V” shaped rebound some investors were anticipating, and it is more a question of who is weaker among of the weak. But if we look a little further ahead, at potential growth and inflation dynamics, then it is clear that the deflationary headwinds are stronger in Europe, while headline GDP growth may well turn out to be stronger in the US, and both these factors suggest that the Fed will at sometime be tightening faster than the ECB, in a repetition of what we saw from 2002 to 2005. Forex Blog: You have pointed out that fiscal problems are not unique to the US. While the UK and Japan are certainly in the same fiscal boat, there seem to be plenty of examples of economies that aren’t, or at least not to the same extent, such as the EU. Do you think, then, that the long-term prospects for the Euro (especially as a global reserve currency) are necessarily brighter than for the Dollar? Well, actually I wouldn’t say the UK and Japan are in the same fiscal boat. Dejame explicar. The UK evidently has severe short term problems (as does the US) with its sovereign debt, due to the high cost of resolving the lossses produced by the current crisis. But Japan has still not resolved debt problems which were produced in the crisis of the late 1990s, and indeed both gross and net debt to GDP simply continue to rise there. So I would say – as long as they can weather the present storm – the outlook for US, UK and French sovereign debt is rather more positive than it is for Japan. Indeed in the longer term it is hard to see how Japan can resolve its problems without some kind of sovereign default. This is the problem with deflation, as nominal GDP goes down, debt to GDP simply rises and rises. But the principal reason I am rather more positive on UK, US and French sovereign debt in the mid term is simply the underlying demographic dynamic. These countries have a lot more young people (proportionately) than the Germany’s, Japan’s and Italy’s of this world, and hence their elderly dependency ratios (which are the important thing when we come to talk about structural deficits into the future) will rise more slowly. It is also important to realise that the EU – at this point at least – is not a single country in the way the US is, and indeed there is strong resistence among European citizens to the idea that it should be. So it is impossible to talk about the EU as if it were one country. That being said, the lastest forecast from the EU Commission suggests that average sovereign debt to GDP will breach the 100% threshold across the entire EU by 2014, so I would hardly call the situation promising. Basically some cases are much worse than others. In the East there are countries like Latvia and Hungary which are currently implementing IMF-lead structural transformation programmes, ut it is far from clear that these programmes will work, and sovereign debt to GDP has been rising sharply in both cases. In the South a similar problem exists, with Greek gross sovereign debt to GDP now expected by the Commission to hit 135% by 2011, and Italian debt set to increase significantly over the 110% mark. At the same time the future of government debt in Spain and Portugal is becoming increasingly uncertain. I would also point to the strong gamble Angela Merkel is making in Germany, and indeed ECB President Jean Claude Trichet singled the German case out during the last post rate-decision-meeting press conference for special mention in this regard. The future of German sovereign debt is far from clear, and markets certainly have not taken in this underlying reality. So basically, and I think I have already explained my thinking on this in earlier questions, we have a structural difficulty, since I am sure the way out of Bretton Woods II will not be found by simply substituting the Euro for the USD. Europe is aging far more rapidly than the US, and the dependency ratio problems are consequently significantly greater. Forex Blog: Current EU economic policy seems to be favoring government spending and exports, at the expense of investment and domestic consumption. Does this imply that the current EU economic recovery is unsustainable? I don’t think the current EU expansion is unsustainable as such, but I do think it faces tremendous headwinds. Basically one Eurozone country stands out among the rest, France, since France has a sustainable, internal demand driven, recovery, despite all the longer term issues she faces with the structural fiscal deficit. But the story begins and end there, with France. Most of the rest of the Euro Area 16 have problems, although like Tolstoy’s unhappy families, each is problematic in its own special way. Countries like Germany and Finland are heavily export dependent, and thus have had far deeper recessions than many of the rest, while countries in the South, lead by Spain and Greece, have been running sizeable current account deficits. Since financial markets are now longer willing to fund these, and the ECB isn’t prepared to support the unsupportable forever, these economies too are now being steaily pushed towards dependence on exports for growth (and for paying down their debts), and this raises the issue of where the final end demand is going to come from. France on its own cannot supply the export surplus needs of the other 15, so external customers are needed, and this makes the value of the Euro more of an issue than it was. Forex Blog: It seems that the reason that the the the Fed’s liquidity injections have not resulted in price inflation is because much of the funds have been plowed back into capital markets, rather than used for consumption. Given that this liquidity must at some point be pumped out by the Fed, does this imply that a “correction” is inevitable? Yes, this is true, the global capital markets have acted as a kind of “back door” on US monetary policy, and much of the excess liquidy the Fed has been trying to pump in has simply “leaked out” via that channel. Why this should be is an interesting question in its own right, since while initially the “credit crunch” meant that funds were not available to borrow the money is now there but it is the banks who have difficulty identifying creditworthy customers given the prevailing levels of unemployment, foreclosure and bankruptcy. My feeling is that a sharp correction is not coming, unless there is a large event (Greek sovereign default, for example) in Europe or elsewhere, which leads to a sharp contraction in risk sentiment of the kind we saw after the fall of Lehman Brothers. I wouldn’t like at this point to put a figure on the probability of such an event, but the risk is evidently there. I don’t think the risk of a correction driven by a rapid withdrawal of US liquidity is that real since I don’t think we are going to see that kind of speedy withdrawal, and even if we did, “ample liquidity” is going to be on offer over at the Bank of Japan until the cows come home. I don’t think we are going to see any precipitate removal of monetary support at the Federal Reserve, since I think exiting this situation is going to be more complicated than many imagine. The tussle which has been going on between the Japanese Ministry of Finance and the Bank of Japan over many years now may well offer a much better guide to exit issues than anything in recent US history, simply because, at least since the 1930s, the US has not been here before. Essentially it will be difficult to withdraw both fiscal and monetary support at one and the same time, but my feeling is that in the US (unlike Japan) there may well be consensus that the fiscal issue is the most pressing one, and thus this would suggest the Federal Reserve will keep monetary conditions easier for longer, simply to provide an environment in which fiscal consolidation to take place. Forex Blog: Given the strong economic and fiscal fundamentals of Norway’s economy, do you think currency traders will begin to pay more attention to the Kroner? Do you think it could be taken up as a reserve currency by Central Banks that have become disenchanted with the Dollar? Well, I think they already are, and evidently the Kroner has become a favoured carry currency. But equally, I doubt the Norwegian authorities would want their country to go the same way as Iceland in the longer term, so I am not sure they would welcome central banks buying Kroner in any large quantity, since this would obviously unrealistically raise the value of the currency, and lead to serious sustainability issues in the domestic manufacturing sector. Basically, as I suggested in the previous interview, I think dollar disenchantment is now likely to be seriously tempered by concerns about Euro weakness. Forex Blog: It seems that the financial crisis has exposed some of the problems of a common economic/monetary/currency policy for the EU. What are the implications for the future of the ECB and the Euro? Most definitely. Following Dubai a lot of attention is now focused on sovereign debt, and on who exactly is responsible for what. We should take note of the fact that the Greek government had to raise 2 billion euros in debt recently via a private placement with banks, against a backdrop of credit downgrades and steadily rising spreads. The ECB undoubtedly agreed to this move given the degree of policy coordination which must now exist behind the scenes, they are, after all, the ones who are financing the Greek banks, but it does highlight just how things have moved on in recent months. Only last year it was imagined that the being a member of the Eurozone in and of itself gave protection from the kind of financing crisis Greece increasingly now faces, and this was why only eurozone non-members, like Latvia and Hungary, were sent to the IMF. Now it is clear that the ECB could keep protecting Greece from trouble for ever and ever, but they cannot simply keep financing unsustainable external deficits and continue to retain credibility. In this sense the financial crisis has now “leaked” into the Eurozone itself. And this has implications I would have thought, for countries like Estonia, who see Eurozone membership as a “save all”, whatever the price. The difficulty is that the ECB has the capacity to fund troubled countries, but it does not have the power to enforce changes. The problem of Europe’s institutional structures was highlighted again this week when the Latvian constitutional court ruled that pension cuts included in the recent IMF-EU package are not legal. Personally I find the decision rather significant since pension reform lies at the heart of the whole structural reform programme currently being demanded of “risky” EU states by the IMF, the EU Commission and the Credit Rating Agencies. Indeed the whole credibility of the EU’s ability to manage it’s own affairs could be called into question in this case. As Angela Merkel recently said: “If, for example, there are problems with the Stability and Growth Pact in one country and it can only be solved by having social reforms carried out in this country, then of course the question arises, what influence does Europe have on national parliaments to see to it that Europe is not stopped…..This is going to be a very difficult task because of course national parliaments certainly don’t wish to be told what to do. We must be aware of such problems in the next few years.” So obviously, the EU authorities badly need to plug this hole in their armour, or the entire concept of having a common monetary system can be placed at risk, Angela Merkel and Nicolas Sarkozy (who are ultimately the paymaster generals) need to have the power and authority to see to it that national parliaments do what they need to do in the common interest, and they need to get this power and authority in the coming weeks and months, and not simply in the “next few years”. And Europe’s leaders need to be aware that a crisis of sufficient proportions in any one country can very rapidly become a systemic one for the Euro, in much the same way that a problem in a key bank can lead to a crisis of confidence in a whole banking system. I do not feel a sufficient sense of urgency about this in the recent pronouncements of Europe’s leaders. Forex Blog: So from what you are saying, there is still a risk of a resurgence in the financial crisis on Europe’s periphery. Would you say another round of financial turmoil is now inevitable? Well the risk is certainly there, and evidently Europe’s institutional structure is in for a very testing time. But no war is ever lost before the battles are fought, although what we can say is that new and imaginative initiatives are certainly going to be needed. Sovereign risk has now spread from non-Eurozone countries like Latvia and Hungary, straight into the heart of the monetary union in cases like Greece and Spain. Mistakes have been made. As I argued in Let The East Into The Eurozone Now! in February 2009, the decision to let the Latvian authorities go ahead with their internal devaluation programme never made sense, and the three Baltic countries and Bulgaria should have been forced to devalue – and the accompanying writedowns swallowed whole – and then immediately admitted into the Eurozone as part of the emergency crisis measures. Perhaps some would feel that this lowering of the entry criteria would have damaged credibility, but as I am stressing here, leaving so many small loose cannon careering around on the lower decks can cause even more issues if matters get out of hand and contagion sets in. So it is a question of pragmatism, and being able to accept the “lesser evil”. Unfortunately, the situation has simply been allowed to fester, and in addition the much needed change in the EU institutional structure – to allow Angela Merkel the power she is asking for to intervene in Parliaments like the Latvian, Hungarian, Greek and Spanish ones, as and when the need arises – has not been advanced, with the result that we are increasingly in danger of putting the whole future of monetary union at risk. It is never to late to act, but time is, inexorably running out. As the old English saying goes he (or she) who dithers in such situations is irrevocably lost. Caveat emptor! 1. I’d like to begin by asking if there is any significance to the title of your blog (“Fistful of Euros”), or rather, is it only intended to be playful? Obviously the title is a reference to the Segio Leone film, but you could read other connotations into it if you want. I would say the idea was basically playful with a serious intent. Personally I agree with Ben Bernanke that the Euro is a “great experiment”, and you could see the blog, and the debates which surround it as one tiny part of that experiment. As they say in Spanish, the future’s not ours to see, que sera, sera. Certainly that “fistful of euros” has now been put firmly on the table, and as we are about to discuss the consequences are far from clear. 2/ You wrote a recent post outlining the US Dollar carry trade, and how you believe that the Dollar’s decline is cyclical/temporary rather than structural/permanent. Can you elaborate on this idea? Do you think it’s possible that the fervor with which investors have sold off the Dollar suggests that it could be a little of both? Well, first of all, there is more than one thing happening here, so I would definitely agree from the outset, there are both cyclical and structural elements in play. Structurally, the architecture of Bretton Woods II is creaking round the edges, and in the longer run we are looking at a relative decline in the dollar, but as Keynes reminded us, in the long run we are all dead, while as I noted in the Afoe post, news of the early demise of the dollar is surely vastly overstated. Put another way, while Bretton Woods II has surely seen its best days, till we have some idea what can replace it it is hard to see a major structural adjustment in the dollar. Europe’s economies are not strong enough for the Euro to simply step into the hole left by the dollar, the Chinese, as we know, are reluctant to see the dollar slide too far due to the losses they would take on dollar denominated instruments, while the Russians seem to constantly talk the USD down, while at the same time borrowing in that very same currency – so read this as you will. Personally, I cannot envisage a long term and durable alternative to the current set-up that doesn’t involve the Rupee and the Real, but these currencies are surely not ready for this kind of role at this point. So we will stagger on. On the cyclical side, what I am arguing is that for the time being the US has stepped in where Japan used to be, as one side of your carry pair of choice, since base money has been pumped up massively while there is little demand from consumers for further indebtedness, so the broader monetary aggregates haven’t risen in tandem, leaving large pools of liquidity which can simply leak out of the back door. That is, it may well be one of the perverse consequences of the Fed monetary easing policy that it finances consumption elsewhere – in Norway, or Australia, or South Africa, or Brazil, or India – but not directly inside the US. This is something we saw happening during the last Japanese experiment in quantitative easing (from 2002 – 2006) and that it has the consequence, as it did for the Yen from 2005 to 2007, that the USD will have a trading parity which it would be hard to understand if this were not the case. I am also suggesting that this situation will unwind as and when the Federal Reserve start to seriously talk about withdrawing the emergency measures (both in terms of interest rates and the various forms of quantitative easing), but that this unwinding is unlikely to be extraordinarily violent, since the Japanese Yen can simply step in to plug the gap, as I am sure the Bank of Japan will not be able to raise interest rates anytime soon given the depth of the deflation problem they have. Indeed, investors will once more be able to borrow in Yen to invest in USD instruments, to the benefit of Japanese exports and the detriment of the US current account deficit, which is why I think we are in a finely balanced situation, with clear limits to movements in one direction or another. 3. In the same post, you suggested that the Fed will be the first to raise interest rates. Why do you believe this is the case? How will this affect the Dollar carry trade? Well, I would want to qualify this a little, becuase things are not that simple. In fact, as Claus Vistesen argues in this post the ECB has rather “locked itself in” communicationally, and by talking up the eurozone economies they now have markets expecting clear exit road maps and even pricing in interest rate rises from the third quarter of next year. But if we look at the underlying weaknesses in some of the Eurozone economies – evidently Spain, but Italy is hardly likely to have a strong robust recovery, and the German economy needs exports and hence customers to really return to growth – it is hard to see monetary tightening being applied with any kind of vigour at the ECB, so they may move up somewhat – say to 2% – and then stop for some time. I was also suggesting that in the short run they may do this to assist in the process of unwinding the global imbalances, since allowing the Fed to lead the world out of the monetary easing cycle would almost certainly provoke a rebound in USD, and problems for correcting the US current account deficit. Really none of the developed economies (not even Norway) seem to be looking at the sort of really strong “V” shaped rebound some investors were anticipating, and it is more a question of who is weaker among of the weak. But if we look a little further ahead, at potential growth and inflation dynamics, then it is clear that the deflationary headwinds are stronger in Europe, while headline GDP growth may well turn out to be stronger in the US, and both these factors suggest that the Fed will at sometime be tightening faster than the ECB, in a repetition of what we saw from 2002 to 2005. 4. You have pointed out that fiscal problems are not unique to the US. While the UK and Japan are certainly in the same fiscal boat, there seem to be plenty of examples of economies that aren’t, or at least not to the same extent, such as the EU. Do you think, then, that the long-term prospects for the Euro (especially as a global reserve currency) are necessarily brighter than for the Dollar? Well, actually I wouldn’t say the UK and Japan are in the same fiscal boat. Dejame explicar. The UK evidently has severe short term problems (as does the US) with its sovereign debt, due to the high cost of resolving the lossses produced by the current crisis. But Japan has still not resolved debt problems which were produced in the crisis of the late 1990s, and indeed both gross and net debt to GDP simply continue to rise there. So I would say – as long as they can weather the present storm – the outlook for US, UK and French sovereign debt is rather more positive than it is for Japan. Indeed in the longer term it is hard to see how Japan can resolve its problems without some kind of sovereign default. This is the problem with deflation, as nominal GDP goes down, debt to GDP simply rises and rises. But the principal reason I am rather more positive on UK, US and French sovereign debt in the mid term is simply the underlying demographic dynamic. These countries have a lot more young people (proportionately) than the Germany’s, Japan’s and Italy’s of this world, and hence their elderly dependency ratios (which are the important thing when we come to talk about structural deficits into the future) will rise more slowly. It is also important to realise that the EU – at this point at least – is not a single country in the way the US is, and indeed there is strong resistence among European citizens to the idea that it should be. So it is impossible to talk about the EU as if it were one country. That being said, the lastest forecast from the EU Commission suggests that average sovereign debt to GDP will breach the 100% threshold across the entire EU by 2014, so I would hardly call the situation promising. Basically some cases are much worse than others. In the East there are countries like Latvia and Hungary which are currently implementing IMF-lead structural transformation programmes, but it is far from clear that these programmes will work, and sovereign debt to GDP has been rising sharply in both cases. In the South a similar problem exists, with Greek gross sovereign debt to GDP now expected by the Commission to hit 135% by 2011, and Italian debt set to increase significantly over the 110% mark. At the same time the future of government debt in Spain and Portugal is becoming increasingly uncertain. I would also point to the strong gamble Angela Merkel is making in Germany, and indeed ECB President Jean Claude Trichet singled the German case out during the last post rate-decision-meeting press conference for special mention in this regard. The future of German sovereign debt is far from clear, and markets certainly have not taken in this underlying reality. So basically, and I think I have already explained my thinking on this in earlier questions, we have a structural difficulty, since I am sure the way out of Bretton Woods II will not be found by simply substituting the Euro for the USD. Europe is aging far more rapidly than the US, and the dependency ratio problems are consequently significantly greater. 1. Current EU economic policy seems to be favoring government spending and exports, at the expense of investment and domestic consumption. Does this imply that the current EU economic recovery is unsustainable? I don’t think the current EU expansion is unsustainable as such, but I do think it faces tremendous headwinds. Basically one Eurozone country stands out among the rest, France, since France has a sustainable, internal demand driven, recovery, despite all the longer term issues she faces with the structural fiscal deficit. But the story begins and end there, with France. Most of the rest of the Euro Area 16 have problems, although like Tolstoy’s unhappy families, each is problematic in its own special way. Countries like Germany and Finland are heavily export dependent, and thus have had far deeper recessions than many of the rest, while countries in the South, lead by Spain and Greece, have been running sizeable current account deficits. Since financial markets are now longer willing to fund these, and the ECB isn’t prepared to support the unsupportable forever, these economies too are now being steaily pushed towards dependence on exports for growth (and for paying down their debts), and this raises the issue of where the final end demand is going to come from. France on its own cannot supply the export surplus needs of the other 15, so external customers are needed, and this makes the value of the Euro more of an issue than it was. 2. It seems that the reason that the the the Fed’s liquidity injections have not resulted in price inflation is because much of the funds have been plowed back into capital markets, rather than used for consumption. Given that this liquidity must at some point be pumped out by the Fed, does this imply that a “correction” is inevitable? Yes, this is true, the global capital markets have acted as a kind of “back door” on US monetary policy, and much of the excess liquidy the Fed has been trying to pump in has simply “leaked out” via that channel. Why this should be is an interesting question in its own right, since while initially the “credit crunch” meant that funds were not available to borrow the money is now there but it is the banks who have difficulty identifying creditworthy customers given the prevailing levels of unemployment, foreclosure and bankruptcy. My feeling is that a sharp correction is not coming, unless there is a large event (Greek sovereign default, for example) in Europe or elsewhere, which leads to a sharp contraction in risk sentiment of the kind we saw after the fall of Lehman Brothers. I wouldn’t like at this point to put a figure on the probability of such an event, but the risk is evidently there. I don’t think the risk of a correction driven by a rapid withdrawal of US liquidity is that real since I don’t think we are going to see that kind of speedy withdrawal, and even if we did, “ample liquidity” is going to be on offer over at the Bank of Japan until the cows come home. I don’t think we are going to see any precipitate removal of monetary support at the Federal Reserve, since I think exiting this situation is going to be more complicated than many imagine. The tussle which has been going on between the Japanese Ministry of Finance and the Bank of Japan over many years now may well offer a much better guide to exit issues than anything in recent US history, simply because, at least since the 1930s, the US has not been here before. Essentially it will be difficult to withdraw both fiscal and monetary support at one and the same time, but my feeling is that in the US (unlike Japan) there may well be consensus that the fiscal issue is the most pressing one, and thus this would suggest the Federal Reserve will keep monetary conditions easier for longer, simply to provide an environment in which fiscal consolidation to take place. 3. Given the strong economic and fiscal fundamentals of Norway’s economy, do you think currency traders will begin to pay more attention to the Kroner? Do you think it could be taken up as a reserve currency by Central Banks that have become disenchanted with the Dollar? Well, I think they already are, and evidently the Kroner has become a favoured carry currency. But equally, I doubt the Norwegian authorities would want their country to go the same way as Iceland in the longer term, so I am not sure they would welcome central banks buying Kroner in any large quantity, since this would obviously unrealistically raise the value of the currency, and lead to serious sustainability issues in the domestic manufacturing sector. Basically, as I suggested in the previous interview, I think dollar disenchantment is now likely to be seriously tempered by concerns about Euro weakness. 3. It seems that the financial crisis has exposed some of the problems of a common economic/monetary/currency policy for the EU. What are the implications for the future of the ECB and the Euro? Most definitely. Following Dubai a lot of attention is now focused on sovereign debt, and on who exactly is responsible for what. We should take note of the fact that the Greek government had to raise 2 billion euros in debt recently via a private placement with banks, against a backdrop of credit downgrades and steadily rising spreads. The ECB undoubtedly agreed to this move given the degree of policy coordination which must now exist behind the scenes, they are, after all, the ones who are financing the Greek banks, but it does highlight just how things have moved on in recent months. Only last year it was imagined that the being a member of the Eurozone in and of itself gave protection from the kind of financing crisis Greece increasingly now faces, and this was why only eurozone non-members, like Latvia and Hungary, were sent to the IMF. Now it is clear that the ECB could keep protecting Greece from trouble for ever and ever, but they cannot simply keep financing unsustainable external deficits and continue to retain credibility. In this sense the financial crisis has now “leaked” into the Eurozone itself. And this has implications I would have thought, for countries like Estonia, who see Eurozone membership as a “save all”, whatever the price. The difficulty is that the ECB has the capacity to fund troubled countries, but it does not have the power to enforce changes. The problem of Europe’s institutional structures was highlighted again this week when the Latvian constitutional court ruled that pension cuts included in the recent IMF-EU package are not legal. Personally I find the decision rather significant since pension reform lies at the heart of the whole structural reform programme currently being demanded of “risky” EU states by the IMF, the EU Commission and the Credit Rating Agencies. Indeed the whole credibility of the EU’s ability to manage it’s own affairs could be called into question in this case. As Angela Merkel recently said: “If, for example, there are problems with the Stability and Growth Pact in one country and it can only be solved by having social reforms carried out in this country, then of course the question arises, what influence does Europe have on national parliaments to see to it that Europe is not stopped…..This is going to be a very difficult task because of course national parliaments certainly don’t wish to be told what to do. We must be aware of such problems in the next few years.” So obviously, the EU authorities badly need to plug this hole in their armour, or the entire concept of having a common monetary system can be placed at risk, Angela Merkel and Nicolas Sarkozy (who are ultimately the paymaster generals) need to have the power and authority to see to it that national parliaments do what they need to do in the common interest, and they need to get this power and authority in the coming weeks and months, and not simply in the “next few years”. And Europe’s leaders need to be aware that a crisis of sufficient proportions in any one country can very rapidly become a systemic one for the Euro, in much the same way that a problem in a key bank can lead to a crisis of confidence in a whole banking system. I do not feel a sufficient sense of urgency about this in the recent pronouncements of Europe’s leaders. 4. So from what you are saying, there is still a risk of a resurgence in the financial crisis on Europe’s periphery. Would you say another round of financial turmoil is now inevitable? Well the risk is certainly there, and evidently Europe’s institutional structure is in for a very testing time. But no war is ever lost before the battles are fought, although what we can say is that new and imaginative initiatives are certainly going to be needed. Sovereign risk has now spread from non-Eurozone countries like Latvia and Hungary, straight into the heart of the monetary union in cases like Greece and Spain. Mistakes have been made. As I argued in my Let The East Into The Eurozone Now! blog post (http://globaleconomydoesmatter.blogspot.com/2009/02/let-east-into-eurozone-now.html ) back in February 2009, the decision to let the Latvian authorities go ahead with their internal devaluation programme never made sense, and the three Baltic countries and Bulgaria should have been forced to devalue – and the accompanying writedowns swallowed whole – and then immediately admitted into the Eurozone as part of the emergency crisis measures. Perhaps some would feel that this lowering of the entry criteria would have damaged credibility, but as I am stressing here, leaving so many small loose cannon careering around on the lower decks can cause even more issues if matters get out of hand and contagion sets in. So it is a question of pragmatism, and being able to accept the “lesser evil”. Unfortunately, the situation has simply been allowed to fester, and in addition the much needed change in the EU institutional structure – to allow Angela Merkel the power she is asking for to intervene in Parliaments like the Latvian, Hungarian, Greek and Spanish ones, as and when the need arises – has not been advanced, with the result that we are increasingly in danger of putting the whole future of monetary union at risk. It is never to late to act, but time is, inexorably running out. As the old English saying goes he (or she) who dithers in such situations is irrevocably lost. Caveat emptor! Many analysts are pointing to Friday, December 4, as the day that logic returned to the forex markets. On that day, the scheduled release of US non-farm payrolls indicated a drop in the unemployment rate and shocked investors. This was noteworthy in and of itself (because it suggests that the recession is already fading), but also because of the way it was digested by investors; for the first time in perhaps over a year, positive news was accompanied by a rise in the Dollar. Perhaps the word explosion would be a more apt characterization, as the Dollar registered a 200 basis point increase against the Euro, and the best single session performance against the Yen since 1999. Previously, the markets had been dominated by the unwinding of risk-aversion, whereby investors flocked back into risky assets that they had owned prior to the inception of the credit crisis. During that period, then, all positive economic news emanating from the US was interpreted to indicate a stabilizing of the global economy, and ironically spurred a steady decline in the value of the Dollar. On December 4, however, investors abandoned this line of thinking, and used the positive news as a basis for buying the Dollar and selling risky currencies/assets. If you look at this another way, it reinforces the notion that investors are paying closer attention to the possibility of changes in interest rate differentials. The fact that the recession seems to have ended suggests that the Fed must now start to consider tightening monetary policy. This threatens the viability of the US carry trade – which has veritably dominated forex markets – because it literally increases the cost of borrowing (carry): “If the market thinks that Fed rates are about to move higher, the dollar will cease to be a funding currency and the inverse correlation between the dollar and risky assets will break.” To be fair, it will probably be a while before the Fed hikes rates: “It’s a prerequisite to have a continuing decline in the unemployment rate for at least three months before the Fed considers tightening,” asserted one analyst. At the same time, investors must start thinking ahead, and can no longer afford to be so complacent about shorting the Dollar. As a result, emerging market currencies probably don’t have much more room to appreciate, since the advantage of holding them will become relatively less attractive as yield spreads narrow with comparable Dollar-denominated assets. To be more specific, investors will have to separate risky assets into those whose risk profiles justifies further speculation with those whose risk profiles do not. For example, currencies that offer higher yield but also higher risk will face depressed interest from investors, whereas high yield/low risk currencies will naturally greater demand. You’re probably thinking ‘Well Duh!’ but frankly, this was neither obvious nor evident in forex markets for the last year, as investors poured cash indiscriminately into high-yield currencies, regardless of their risk profiles. To be more specific still, currencies such as the Euro and Pound face a difficult road ahead of them (as does the US stock market. for that matter), mainly due to concerns over sovereign solvency. ( Try saying that three times fast! ) On the other hand, “Commodity-linked currencies such as the New Zealand, Australian and Canadian dollars [have] rallied sharply, and will probably continue to outperform as their economies strengthen and their respective Central Banks (further) hike interest rates. It remains to be seen whether investors will remain logical in 2010, since part of the recent rally in the US Dollar is certainly connected to year-end portfolio re-balancing and profit-taking, and not exclusively tied to a definitive change in perceived Dollar fundamentals. Especially since they remain skittish about the possibility of a double-dip recession, investors could very easily slip back into their old mindsets. For now, at least, it looks like reason is in the front seat, making my job much less complicated. While the Indian Rupee has risen more than 10%, since bottoming in March, it has increased only 4.3% in value in the year-to-date. Still, given how turbulent the first few months of 2009 were (a continuation of 2008, really), this modest appreciation was actually the third highest, among Asian currencies, behind only the Indonesian Rupiah and Korean Won. For those of you that don’t regularly follow the Rupee (to be fair, I probably fall into this category), it has basically ebbed and flowed over the last couple years in accordance with risk appetite, hardly breaking ranks with other emerging market currencies. It rose to record highs in 2007, only to lose 30% of its value in 2008 as the credit crisis exploded. In 2009, as I pointed out above, it has staged a modest recovery, as investors have hungrily poured money back into emerging markets. In fact, the benchmark Indian stock market index has risen 79% this year, its best performance since 1991. The bond market has also been performing well, thanks to a recent upgrade by Moody’s of the government’s sovereign local currency debt. “Moody’s said the move reflects ‘increasing evidence that the Indian economy has demonstrated its resilience to the global crisis and is expected to resume a high growth path with its underlying credit metrics relatively intact.’ & # 8221; As a result, foreign capital, some of which is bound to be speculative, is pouring into India. $100 million a day is being plowed into Indian stocks by foreign funds. Analysts remain extremely optimistic about near-term prospects of India, partly because of its association with China (termed “Chindia.”) “India’s exports climbed in November for the first time in 14 months after sliding an average 21 percent since October 200…Overseas shipments rose 18 percent to $13.3 billion from a year earlier.” The result is blazing GDP growth, clocked at 7.9% in the recent quarter. Interest rates are already a healthy 3.25%, and can be expected to rise in the near-term as the economic recovery continues to cement itself. Certain risks remain, namely that the government is spending money like there’s no tomorrow. It will borrow the equivalent of $100 Billion this year to finance a record budget deficit, equal to 6.8% of GDP. Compared to other economies, however, this is hardly remarkable, which is why India’s sovereign credit rating was upgraded despite the rising debt. “Moody’s said the government’s debt trajectory was stable and the government had high debt financing capability.” Going forward, forex traders are relatively conservative in their forecasts for the Rupee, with consensus estimates for the currency to remain relatively flat during the course of the next year. This is surprising, given that it remains well off of its 2007 highs and thus, relatively cheap. Perhaps, its a sign that investors are nervous about the Indian government’s lack of a coherent long-term plan. Perhaps, it reflects uncertainty about bubbles that are forming in other corners of emerging markets. Probably, it shows that despite all of the progress that was made in 2009 towards containing the credit crisis, investors still remain vigilant, and are hedging their bets accordingly. More about this next time. As if forex traders didn’t have enough to worry about these days, now there is a new concern- that of sovereign debt default. The last couple months have witnessed a spate of minor episodes, all of which paint a picture of frightening cohesiveness about the state of sovereign finances, and the ability of countries to continue to finance and service their debt. As the economic recession moves into recovery (or at least, permanently distances itself from the prospect of depression), the markets will likely turn their gaze towards the long-term, with this issue looming large. It’s difficult to know where to begin, since people have been talking about the perennial budget deficits of the US for many years. As a result of the economic downturn (stimulus programs and falling tax revenues), these budget deficits have taken on truly awesome proportions. The 2009 deficit came in at a record $1.4 Trillion, and the deficit in the fiscal year-to-date 2010 is close to $300 Billion. The US, of course is far from alone, with virtually every nation (industrialized and developing, alike) operating in the red. Canada, Britain, Japan…even China – known for its fiscal prudence – are setting records with their budget shortfalls. As a result, “Moody’s…suggested that the countries’ triple-A ratings could face downgrades in coming years.” Greece’s sovereign debt was already downgraded, from AAA- to BBB+, while Spain has received a warning. Dubai is in technical default, but this is old news. It’s not as if any of this is surprising, or even new. Greece, for example, was running 10% budget deficits during the height of the credit bubble. With the bursting of the bubble, however, sovereign fiscal problems have both been both exposed and exacerbated. If ever there was a time when national governments could be expected to get their fiscal houses in order, this is not it. At this point, the markets appear to have resigned themselves to sky-high deficits for the immediate future, and have now begun to assess the implications rather than try to encourage governments to straighten out. Even though the US budget deficits and national debt are the highest in nominal terms, its Treasury bonds still remain the standard-bearer for global capital markets. Proving that point is that new Treasury issues are repeatedly oversubscribed, despite rock-bottom rates. “For every $1 of debt sold by the Treasury this year, investors put in bids for $2.59, up from $2.19 at this point in 2008.” Most importantly, the largest creditor – China – is headlining demand. Granted, the costs of insuring US debt (via credit default swaps) is rising, but investors generally remain cautiously optimistic about US finances. The story on the other side of the Atlantic is not nearly as upbeat. Investors responded to the downgrade of Greece’s credit rating, by pushing up the yield on its debt by 50 basis points, raising the spread to 2.5% over comparable German sovereign bonds. Ireland, meanwhile, is projecting a budget deficit of 13.2% this year, and Austria is receiving scrutiny for its banks’ risky lending practices in Eastern Europe. “The question for Europe now is how much more solvent are countries like Italy, Portugal and Spain…Could it be that these are the regions where the next financial shoe is going to drop?” Asked one analyst. The more important question is what would happen in the event of default, or even a spike in bond yields by a member of the EU. Technically, the treaty behind the European Monetary Union “contains a ‘no bail-out’ clause that prohibits one country from assuming the debts of another.” It seems hard to believe – from where I’m sitting at least – that other countries would sit by idly if one member began moving inexorably towards bankruptcy. Investors are certainly not blind to the notion of an implicit guarantee, which helps the weak at the expense of the whole. That could explain why Greek and Spanish bonds remain comparatively buoyant, while the Euro has suffered in recent sessions. Then, there is the UK. Of all of the world’s major economies, the UK is arguably in the most precarious financial position, especially relative to its size. As one commentator lamented. “Indeed, the cost of our [UK] government borrowing – as measured by the interest rate – is rising so quickly that within a month it could be higher than Italy’s.” He goes on to discuss how inflating away the debt would be pointless, given the sophistication of investors and the fact that government liabilities are indexed to inflation, and hence would offset any gains from debt devaluation. He concludes: “The solution to today’s fiscal crisis is the same as it has always been: to cut spending, reduce the deficit and learn to live within our means.” Based on modern history, that seems pretty unlikely. Could Britain, then, become the first industrialized country to default on its debt? Forex markets: take note. As I outlined in my last two posts, the Dollar could witness a rapid appreciation if/when the Fed finally raises interest rates. Given Chairman Bernanke’s frequent erring on the side of inflation, however, it could be months (at the earliest) before the Fed actually pulls the trigger. With forex markets guided by interest rate differentials, and traders’ uncertainty about the timing of interest rate hikes, its fair to say that the Dollar is at a crossroads. Currently, the case for an interest rate hike (as the Fed confirmed this week) remains weak: “They will need to see a lot more, better numbers consistently, not just for one or two months, before they would start to genuinely be talking more hawkish…I think the markets may be disappointed if they’re looking for hints of hikes coming soon,” said one strategist. While the data continues to improve – witness last week’s miracle jobs report – it has not yet been demonstrated convincingly and unequivocally that the economy has exited the recession. There are too many contingent possibilities that could send the economy into relapse for the Fed to even consider acting. As I said in my last post. I don’t personally expect a rate hike until next summer. Still, the markets are alert to the possibility. And where perception is reality, any sniff of rate hikes is enough to send the Dollar soaring; it has risen an impressive 5% against the Euro over the last couple weeks. That investors are acting so early to protect themselves against a possible rate hike shows the precariousness of the foundation on which the Dollar’s rise has been predicated. What I’m talking about here is the Dollar carry trade, in which investors borrowed in Dollars at record low rates, and invested the proceeds in riskier currencies and assets. It wasn’t so much the interest rate differentials they were chasing (only a few percentage points in most cases, hardly enough to compensate for the risk), but rather outsized returns from currency and asset price appreciation. In other words, while the S&P has risen by an impressive 50% from trough to peak (providing a handsome return to any investor smart enough to have foreseen it), stock markets outside of the the US have performed just as well. Factor in currency appreciation, and in some cases you are talking about gains of around 100%. But we all know that volatility is the enemy of the carry trade, and volatility is slowly creeping up. First, there was the Dubai debt crisis, then came the downgrading of Greece’s sovereign debt. With talk of interest rate hikes, it’s no wonder that investors are becoming jittery. Bloomberg News reports that, “The so-called 25-delta risk-reversal rate, which was flat as recently as October, hasn’t shown such high relative demand for dollar calls since hitting a record 2.595 percentage points in November 2008….[and] JPMorgan Chase & Co.’s G7 Volatility Index rose to 14.43 last month from the low this year of 12.32 in September.” The consensus remains that neither the Dubai nor Greece episodes signals broad systemic risk, and that the Fed probably won’t hike rates for a while. Still, investors must brace themselves for the possibility of surprise on one of these fronts, or from a completely unsuspected “bolt from the blue” as one analyst put it, because of what happened to the Dollar after Lehman’s collapse in 2008. As evidenced by the Dollar’s sudden turnaround in the last couple weeks, this kind of uncertainty is self-begetting. As some investors get nervous and begin to unwind their carry trade positions, other investors also begin to move towards the exists, lest they get stuck short the Dollar after the music stops (or when it starts, depending on how you look at it.) In that sense, the best paradigm for analyzing the Dollar is the end of the carry trade on one hand, weighed against the possibility of interest rate hikes on the other hand. “The dollar will depreciate to $1.55 against the euro by March from $1.49 last week, and to $1.62 by June, according to JPMorgan,” which is betting heavily that investors will remain clear-headed about interest rate differentials. Those that are looking at the Dollar from a risk-aversion/carry trade standpoint have slightly different projections: “I wouldn’t surprised if the euro makes it to $1.40 before the end of the month without much trouble, maybe a little bit lower.” In short, in forex, it’s never enough to be able to predict the economic future. Instead, you must be able to predict how these predictions will be syncretized into currency valuations by the markets. In this case, that means you need not necessarily be able to accurately predict when the Fed will hike rates; rather you need only be concerned with how other investors view that possibility, and whether that makes them feel more or less confident about holding certain currencies. The big story of the last month in forex markets has been the possibility that the Fed could soon hike interest rates, which would upend some of most stable (and gainful) strategies currently being employed by traders. As a result, the markets will certainly scrutinize the statement that accompanies today’s conclusion of the monthly rate-setting meeting. for any clues about the likelihood of such rate hikes. As I suggested in the title of this post, I think the best place to start in trying to forecast the near-term direction of US monetary policy is the man with the finger on the button – Ben Bernanke. Bernanke’s academic background offers valuable insight into his approach to monetary policy- an approach that has been fairly consistent so far and probably will remain that way, barring any unforeseen developments. Specifically, Bernanke is/was a scholar of the Great Depression. He has argued that the fault for prolonging the Depression (though not for Depression itself) lies with the Fed and the US government, whose responses to the crisis he lambasted as conservative. In short, policymakers continued to worry about inflation, when they should have been concerned about deflation, since it was a deflationary spiral – falling prices beget expectations of falling prices, repeated ad nauseum – that prevented the economy from recovering in a timely manner. Bernanke carried this notion – that falling prices are less desirable than rising prices – into the Federal Reserve Bank. [Though to be fair, it was already in vogue, thanks to the actions of his predecessor, Alan Greenspan]. Summarized James Grant (of the eponymous Grant’s Interest Rate Observer). “Under the intellectual leadership of Mr. Bernanke, the Fed would tolerate no sagging of the price level. It would insist on a decent minimum of inflation. It staked out this position in the face of the economic opening of China and India and the spread of digital technology. To the common-sense observation that these hundreds of millions of willing new hands, and gadgets, might bring down prices at Wal-Mart, the Fed turned a deaf ear. It would save us from “deflation” by generating a sweet taste of inflation (not too much, just enough).” Under Bernanke, the Fed’s response to the credit crisis was entirely consistent with this framework. It was the first industrialized Central Bank to cut interest rates, quickly reducing its benchmark Federal Funds Rate to 0%, a record low. The second stage involved literally printing more than $1 Trillion and injecting it directly into US credit markets. The Fed silenced its critics by insisting that the potential for inflation in the future doesn’t compare in seriousness to the possibility of deflation in the present. Going forward, there’s reason to believe that Bernanke will remain dovish towards inflation. For one thing, Bernanke himself has declared this to be the case: “Mr. Bernanke fears deflation and the effect of tight money and rising interest rates on incipient economic growth. The Fed Chairman has said so often that rates will stay low for an extended period that the markets have taken it as fact; the Fed will not raise rates.” The markets have given Bernanke the benefit of the doubt in the short-term, but are pricing in a 50% chance of a rate hike before June 2010. Personally, I think it could be even later. Especially if housing prices experience a “double dip” and unemployment remains high, it seems unlikely that Bernanke would move to tighten. Regardless, he is known for his transparency, which means that when the Fed actually moves to hike rates, chances are investors will know about a month in advance. I’d like to follow up on my last post ( Timing is Everything in Forex, Especially in this Environment ) by looking at how to time one specific currency: the Pound. As I noted tongue-in-cheek with the title of this post, timing the Pound will not be difficult, since it is likely headed downward in both the short term and long term. In the short-term, the Pound will be crippled by the UK’s economic woes. “Britain is the last of the big G20 countries still to be mired in recession. Its GDP has shrunk by 4.75% this year, far more than the 3.5% reckoned likely in April.” There’s no reason to pore through the economic indicators, since all signs suggest that it won’t be until 2010 that Britain returns to positive growth. Of primary concern to forex markets, however, is not economic growth (or lack thereof, in this case), but rather how this will effect the decision-making of the Bank of England (BOE). To no surprise, the BOE announced yesterday that it would maintain its benchmark interest rate at .5%, and its liquidity program at current levels. It didn’t give any indication, meanwhile, that monetary policy on either of these fronts would change anytime soon. Thus, Britain could conceivably replace the Dollar as one of the preferred funding currencies for the carry trade. While the Fed is also in no hurry to hike rates, the US economy has already emerged from the recession, which means that regardless of when it tightens, it will almost certainly be before the Bank of England. Unless the BOE pulls an audible then, timing the Pound will be fairly straightforward; the currency should begin to slip as soon as its peers begin to raise rates. Some analysts expect that the Pound will decline to $1.50 per Dollar within the next six months. Over the long-term, the narrative governing the Pound is naturally more uncertain, but still straightforward. To try to dig itself out of recession, the government has spent itself well into the red, to the extent that this year’s budget deficit is forecast to be a whopping 12.6%, Next year could be even worse. The government has implemented a couple of half-baked measures designed to curb the deficit, but most of these are aimed at increasing tax revenue (which is futile during a recession), rather than trimming spending. While ratings on its sovereign debt were recently affirmed at AAA. Moody’s has warned that a downgrade in the next few years is not inconceivable. So there you have it. As far as I’m concerned, the only question of timing, vis-a-vis the British Pound, is when the decline will begin. My guess is sometime in the beginning of 2010, when investors start getting serious about projecting near-term interest rate differentials, and pricing them into exchange rates. While most forex traders aren’t thinking this far down the road, it’s also comforting (for bears, not bulls, obviously) that the long-term fundamentals point to a sustained decline in the Pound. Whereas the Dollar could jump up before heading back down – making timing a crucial skill – the Pound will probably just head down. I just finished reading a Wall Street Journal piece ( Central Banks Rattle Markets ), which laid out, in fairly broad terms, how the activities of Central Banks have become the main fodder for forex traders, and how this trend will continue as the global economy looks to move beyond the credit crisis. The piece got me thinking about the importance of timing, when it comes to forex. Let’s face it, timing is important when trading any security. Buying a stock one month earlier and/or selling one month later (as compared to the actual trade dates) could yield drastically different results. This is especially the case in forex, for a couple reasons. The first is that the majority of forex traders have a shorter-time horizon than investors in bread-and-butter securities. We’re talking weeks or months here, compared to years and decades. The second reason is that while long-term trends certainly exist in forex, the average return for all currencies (over a long enough time period) should converge to 0%, since forex is a zero-sum game. In other words, buy $1,000 worth of stock today, and you might be a millionaire by 2050. Buy a $1,000 worth of Euros today, however, and you will probably have about the same, give or take, 40 years later. This notion has taken on an added significance in the current environment because of its transitional character. As I said, there are certainly long-term trends in forex, but these tend to be anything but smooth. In the short-term, then, it’s conceivable that a currency will move with little correlation to its long-term “destiny.” We have entered a period of extreme uncertainty, specifically surrounding the actions of Central Banks. Without exception, all of these Central Banks eased monetary policy to aid their respective economies through the credit crisis. This easing varied widely from bank to bank, and ranged from interest rate cuts to “liquidity injections” to wholesale money printing. Just as the performance of many currencies has been guided by the degree of easing exacted by their respective monetary authorities, so will such currencies be guided by the degree and speed of tightening, going forward. For example, currencies such as the Australian Dollar and Norwegian Krone (as the WSJ article pointed out) have exploded since their respective Central Banks became the world’s first two to raise interest rates. Currencies such as the Dollar and Pound, meanwhile, remain in the doldrums, as it is forecast that the Fed and the Bank of England will be among the last to reverse the spigots of easy money that they unleashed last year. And this brings me back to the issue of timing. There will be great rewards that inure to those who correctly anticipate interest rate hikes, “liquidity withdrawals,” etc. In this age of instantaneous fund transfers, predicting a move a day before it happens could mean thousands of PIPS in profits, maybe more, if you take leverage into account. Those that think the Fed will raise rates before the ECB but after the BOE can bet on currency crosses accordingly. Moreover, it is not enough to predict who/when will hike rates, but to what extent and how fast. Maybe the Fed will beat the EU out of the starting gate, but the EU will hike faster once it gets going, mirroring what happened (in reverse) when the credit crisis began. This possibility makes you wonder if slow and steady really wins the race… In short, the next year or two could prove to be extremely choppy (gainful for some, bitter for others) as currencies spike and dive in accordance with the Fisher Effect (the empirical idea that money moves from low-yielding currencies into higher-yielding currencies, as investors chase higher interest rates). For those that think the Dollar is doomed in the long-run, then, be careful about betting all of your marbles in the short-run. That’s not to say that the carry trade will disappear; on the contrary, it could accelerate if interest rate discrepancies widen before they shrink. Instead, consider yourself warned that if the Fed beats other Central Banks to the punch of raising rates, there could be a dramatic pause in the Dollar’s downward slide. The Canadian Dollar has been one of the world’s top performers this year, especially relative to the Dollar. The Bank of Canada is less than thrilled about this distinction, which is why it takes advantage of nearly every opportunity to remind the markets that it will do everything in its power to prevent the Loonie from rising further. The markets are beginning to wonder, however, whether the BOC is actually prepared to put its money where its mouth is, if push comes to shove. It’s impossible to say definitively whether the Canadian Dollar’s rise is justified by fundamentals. On the one hand, the ongoing economic recovery and commodities boom will specifically benefit resource-rich economies, such as Canada. It’s no surprise that Canada has been one of the most popular destinations for so-called “risk-averse” inversión. Summarized one analyst, “It all revolves around the risk-aversion trade. Last week with equity markets and commodities selling off, we also saw the Canadian dollar selling off in that environment. Today the market settled down a little bit, so we were able to see the Canadian dollar claw back some of its losses.” In addition, it’s not as if the Loonie’s appreciation has been universal. Its gains are primarily against the US Dollar; in this sense, it has merely been subsumed into a larger trend, rather than having been singled out by forex traders. On the other hand, the economy is forecast to contract in 2010, before returning to full capacity at some point in 2011. The Bank of Canada has flooded the market with currency, via its own version of quantitative easing. Non-commodity exports are stalling, and the government is running record budget deficits. The benchmark interest rate is only .25%, and the BOC has committed to holding it there until June 2010, barring any unforeseen developments. Thus, there is no “positive carry” to be earned from parking money in Canada. In the context of forex intervention, this analysis is almost beside the point, since the BOC is clearly impervious to logic. Its decision to intervene at this point will probably be based less on economics and more on politics. You see, the Bank has left itself with very little wiggle room, should the Canadian Dollar continue to rise towards, or even past parity with the US Dollar. Its rhetoric has been fairly consistent; whether or not it actually has the wherewithal to intervene successfully (it probably doesn’t) it has conveyed to the markets that has both the means and the determination. As a result, the BOC has pushed itself into a no-win situation. If the Loonie appreciates further and it doesn’t intervene, then it will have very little credibility going forward. If the Loonie rises and it does intervene, it risks incurring the wrath of the international community and wasting money towards a futile cause. “It’s hard for a modest-sized central bank such as Canada’s to flood the market with so much currency that it alters the balance of the world’s huge and complex foreign-exchange markets,” explained one economist . The Bank’s best hope is that the markets continue to take its threats seriously and abstain from betting on the Loonie. For now, it looks like this is the case. “No one wants to go heavily long through the next few months in fear that the Bank of Canada does step in some way,” said one trader. In fact, the threat of intervention may have even brought speculators into the market to bet against the Loonie, having derived support from the last round of intervention (1998): “Traders took the bank’s willingness to intervene as an open invitation to bet heavily on the other side of the equation – knowing they had a big trading partner back-stopping their bet.” It’s basically a giant game of chicken between the markets and the BOC. Who will blink first? It’s been a while since I last wrote about the Euro (October 26: Euro Optimism (And not just Dollar Pessimism) ). That’s because my perspective recently has been mainly Dollar-centric; I continue to believe that much of the recent movement in forex markets (with the exception of certain cross rates) can best be explained by the Dollar. Nowhere is this more evident than the Euro, whose rise should really be thought of in terms of the depreciation of the Dollar. It’s no surprise then that yesterday’s Euro decline – the steepest in months – was the result not of internal European developments, but rather of the US jobs report. One analyst summarized the Euro’s ascent by noting, “The bias for risk-seeking is still in vogue.” This has nothing to do with the Euro, but rather is a roundabout way of speaking about the Dollar carry trade, which is responsible for an exodus of capital from the US, some of have which has no doubt found its way into Europe. In some ways, then, it’s almost pointless to scrutinize EU economic indicators too closely. That being said, there are a few meaningful observations that can be made. The first is that the EU economy is tentatively in recovery mode. Some of the most closely-watched indicators such as the German IFO index, capacity utilization, and Economic Sentiment Indicator, have all ticked up in the last month, while the unemployment rate is holding steady. For better or worse, this improvement can attributed entirely to export growth, due to the recovery in world trade. GDP rose by .4% in the most recent quarter. which means that the Euro Zone has officially exited the recession. The second observation is that many expect this exit to be short-lived. Due to the relative rigidity of the EU economy, specifically regarding the labor market, it may take additional time to get back on really solid footing. Thus, the European Commission “thinks that euro-area unemployment will continue to rise next year, reaching 10.9% in 2011. That will dampen consumer spending. Another worry is investment, which the commission thinks will fall by 17.9% this year. Businesses are unlikely to waste scarce cash on new equipment and offices when they have spare capacity. Firms confident enough to splash out may find it hard to secure the necessary financing from fragile and risk-averse banks.” The Commission also expects public finances to continue to deteriorate, perhaps bottoming at some point next year. There is even an outside concern that one of the fringe members of the EU could default on its debt. requiring a bailout in the same vein as the lifeline grudgingly being thrown to Dubai by the UAE. Finally, there is the European Central Bank. Much like the Fed – and every other Central Bank in the industrialized world, except for Australia – the ECB is nowhere near ready to hike rates. “The overall economic context doesn’t suggest that they would want to tighten anytime soon. There is a feeling that, yes, things have improved, but that nonetheless, the outlook is still quite fragile,” summarized one economist. Sure, the ECB is winding down its liquidity programs, but so is the Fed. Based on long-term bond yields, investors believe that US rates could even eclipse EU rates at some point in the future. In short, there isn’t really much to be optimistic about, when it comes to the Euro. The nascent recovery is hardly remarkable, and probably not even sustainable. While the Euro might continue to perform the Euro in the short-term for technical reasons, I would expect this edge to evaporate in the medium-term. Last week, I opined on the official US forex policy ( “Strong Dollar” Policy is a Joke ). Most of my analysis was directed towards the lackluster efforts of US policymakers in failing to execute this policy, and I paid short shrift to the policy itself. With this post, then, I would like to address whether a Strong Dollar is, on balance, actually good for the US economy, specifically as it bears on the balance of trade. Dean Baker, of the American Prospect, in a post germane to this discussion, wrote that “Folks who took econ 101 know that currency fluctuations are the mechanism through which trade imbalances adjust.” Unfortunately, as anyone who follows the forex markets no doubt understands, reality is much more complicated. As the WSJ reported. US exports skyrocketed during the last decade when the Dollar was falling. Case closed, right? However, exports also rose during the 1990’s, when the Dollar was in fact rising. This contradiction should make make anyone think twice before assuming a cut-and-dried relationship between the Dollar and exports think twice. While exchange rates certainly correlate with export volume, there are a few confounding variables. Fist is the lag time between fluctuations in exchange rates and corresponding changes in exports. That’s because the majority of international trade is conducted by large companies and because global supply chains are not completely fluid. In other words, if the Dollar collapses tomorrow, it will take years before companies can fully modify their sourcing arrangements accordingly. In addition, it is mainly on non-durable goods that companies have relative flexibility on choosing sourcing locations. In this age of ODM and OEM, it’s not difficult for Nike to shift production to Vietnam if the Chinese Yuan is suddenly revalued. On the other hand, it is significantly more complicated to move an automobile manufacturing plant or oil refinery. Investments in production facilities for durable goods are made on a long-term basis, then, and aren’t responsive to short-term changes in exchange rates. If you look at the breakdown of US exports, it is heavily concentrated in services and high-tech products, many of which it’s not (yet) practical to outsource. For goods and services that are low-skilled labor-intensive, it’s obviously cost-effective to produce them overseas, because wages are lower. This is not a product of exchange rates, but rather to disparities in standards of living and levels of development. In China (where I am based), factory wages rarely exceed 8RMB per Dollar (about $1.25 at current exchange rates). Conservatively, that’s probably less than 1/20th of US counterpart wages, when you look at salary and benefits. That’s why the weak Dollar hasn’t done much to dent US demand for imports. Personally, I don’t expect to see the RMB rise 1500% in the next few years to erase this discrepancy, which means that’s unrealistic to ever expect the US Dollar to depreciate enough to ever make the US competitive enough in certain export categories. Obviously, the inverse is true for imports. From the perspective of the US, the shifting of non-durable goods production outside the US represents a permanent structural changes in the US economy. Regardless of how low the Dollar sinks, it’s not reasonable to assume that the US will once again become the hotbed of low-tech manufacturing activity that it once was. Overall, exports have actually risen steadily over the last decade (and the last 50 years, on average); the problem is that imports have risen even faster. In fact, ebbs and flows in the trade deficit can be better explained by global economic cycle than by short-term fluctuations in exchange rates. Despite the weak Dollar, the US trade deficit has exploded over the last decade because of a comparable explosion in US consumption, which was made possible by cheap credit. When that cycle came to an abrupt end in 2008, the trade deficit narrowed dramatically, despite the rise in the Dollar that took place simultaneously. Given that the US has basically committed itself to importing certain goods, a Strong Dollar is actually beneficial, because it reduces the cost of those imports. In the short-run, then, a 20% decline in the Dollar might be expected to correlate with a 20% rise in the trade deficit. The hope is that this can be offset over the long-term, with the relocation of production facilities (yes, foreign companies also outsource to the US; it’s a not a one-way exodus) to the US and the creation of new products/services that can fill the void of those that have already been outsourced. In short, it’s not clear that a weak Dollar will dramatically improve the US trade imbalance. This can best be accomplished not through a weak exchange rate, but through incentives that stimulate innovation and discourage consumption of low-quality, non-durable goods, the majority of which are produced overseas. When you consider the inflation (Strong Dollar keeps prices in check) and financing (Strong Dollar increases the willingness of foreigners to invest in and lend to US entities) perks, the Strong Dollar probably provides a net benefit to the US economy. If Bernanke and Geithner actually believe this, it would be nice if they conducted policy accordingly. My last update on the Japanese Yen was published on October 16 (“ Japan Flip-Flops on Forex Intervention ). As the title suggests, I sought to overview the many instances of equivocation committed by newly-appointed Finance Minister Hirohisa Fujii in the name of Japan’s forex policy. I concluded that at that time, it was probably still premature to talk about forex intervention, but that if “the Yen continues to appreciate, then Fujii may have consider how fixed his [non-intervention] principles really are.” Since then, two things have happened. [Well really only one thing, since the second is more of a “non-happening.”] Anyway, the first is that the Yen broke through the important technical/psychological level of 85 Yen/Dollar for the first time in 14 years. The second is that Mr. Fujii is still no closer to articulating a coherent approach to managing the Yen. Last week, alone, he referred to movements in the Japanese Yen as “extreme” and suggested that now was the time to remain vigilant and that “appropriate measures” are “possible.” A few days later, however, he called intervention “unthinkable .” Given this nearly uninterrupted record of waffling, one might think to accuse Mr. Fujii of deliberately trying to confuse the markets. After all, how else can one explain the hourly changes in his forex policy. It’s ironic that Fujii himself has told reporters that, “It’s wrong to fuss over the currency market’s daily movement,” considering that his feelings on intervention seem to fluctuate in accordance with the Yen. Thankfully, we may not have to deal with this carnival of uncertainty for much longer, as the Bank recently told reporters that “The government, not the BOJ. decides whether to intervene in currency markets.” At the same time, intervention would ultimately be carried out only under the auspices of the BOJ, which would presumably have the authority to determine a targeted valuation. As for the million-Dollar question of whether intervention is more likely now that the Japanese Yen is closing in on a post-war record, it’s a bit more nebulous than it was in October. It seems that the political will now exists to intervene. The main obstacles are Fujii, himself, who had earlier pledged to administer a free-market approach to managing the Yen, and the international community. Given that Japan still runs a trade surplus, it would be difficult to justify forex intervention. In addition, the Democratic Party of Japan (DPJ) made election promises to wean the Japanese economy off of its dependency on exports to drive growth and instead to cultivate a domestic consumer base. This promise was apparently reiterated to US President Obama during his visit to Japan earlier this month, and would be greatly embarassing if Japanese economic officials reneged so soon thereafter. At the same time, politicians (of any nationality) are not exactly known for their integrity and their consistency, so it wouldn’t be surprising if they decided that in the context of the Yen’s continued strength that they decided to take action. “The sense of caution over the possibility of intervention is definitely higher now after the breach of Y85.00. We are all watching for any more comments from the authorities.” Given the political implications, however, it seems the more likely course of action would involve a tweaking of monetary policy – quantitative easing, under the guise of deflation fighting – rather than outright intervention. Such would be less awkward than intervention, and probably more successful. What is Forex Trading? The foreign exchange (Forex) market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders’ Las inversiones aumentan o disminuyen en valor basado en movimientos de moneda. Foreign exchange market conditions can change at any time in response to real-time events. The main incentive of currency dealing to private investors and the attractions of short-term Forex trading are: 24-hour trading, 5 days a week, with nonstop access to global Forex dealers. Further incentives to Forex trading: An enormous liquid market making it easy to trade most currencies. Volatile markets offering profit opportunities. Standard Forex instruments for controlling risk exposure. The ability to profit in rising or falling markets. Leveraged trading with low margin requirements. Many options for zero commission trading. Forex trading education The investor’s goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a “Forex rate” or just “rate” for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a “risk-free” inversión. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation. (Please note that past performance is not indicative of future performance) When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position. However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency. Exchange rate Because currencies are traded in pairs and exchanged one against the other when traded, the rate at which they are exchanged is called the exchange rate. The majority of the currencies are traded against the US dollar (USD). The four next-most traded currencies are the euro (EUR), the Japanese yen (JPY), the British pound sterling (GBP) and the Swiss franc (CHF). These five currencies make up the majority of the market and are called the major currencies or “the Majors”. Some sources also include the Australian dollar (AUD) within the group of major currencies. The first currency in the exchange pair is referred to as the base currency and the second currency as the counter or quote currency. The counter or quote currency is thus the numerator in the ratio, and the base currency is the denominator. The value of the base currency (denominator) is always 1. Therefore, the exchange rate tells a buyer how much of the counter or quote currency must be paid to obtain one unit of the base currency. The exchange rate also tells a seller how much is received in the counter or quote currency when selling one unit of the base currency. For example, an exchange rate for EUR/USD of 1.2083 specifies to the buyer of euros that 1.2083 USD must be paid to obtain 1 euro. At any given point, time and place, if an investor buys any currency and immediately sells it – and no change in the exchange rate has occurred – the investor will lose money. The reason for this is that the bid price, which represents how much will be received in the counter or quote currency when selling one unit of the base currency, is always lower than the ask price, which represents how much must be paid in the counter or quote currency when buying one unit of the base currency. For example, the EUR/USD bid/ask currency rates at your bank may be 1.2015/1.3015, representing a spread of 1000 pips (also called points, one pip = 0.0001), which is very high in comparison to the bid/ask currency rates that online Forex investors commonly encounter, such as 1.2015/1.2020, with a spread of 5 pips. In general, smaller spreads are better for Forex investors since even they require a smaller movement in exchange rates in order to profit from a trade. Most Forex dealers, including easy-forex ®. are compensated by the spreads that are embedded in the currency rates. Margin – Amount to Risk Banks and/or online trading providers need collateral to ensure that the investor can pay in case of a loss. The collateral is called the margin and is also known as minimum security in Forex markets. In practice, it is a deposit to the trader’s account that is intended to cover any currency trading losses in the future. Margin enables private investors to trade in markets that have high minimum units of trading by allowing traders to hold a much larger position than their account value. Margin trading also enhances the rate of profit, but has the tendency to inflate rates of loss, on top of systemic risk. Leveraged financing Leveraged financing, i.e. the use of credit, such as a trade purchased on a margin, is very common in Forex. The loan/leveraged in the margined account is collateralized by your initial deposit. This may result in being able to control USD 100,000 for as little as USD 1,000. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or may have to deposit. Esto puede funcionar en su contra, así como para usted. You may sustain a total loss of the margin funds deposited and any additional funds deposited to maintain your positions. Five ways private investors can trade in Forex directly or indirectly: A spot transaction A spot transaction is a straightforward exchange of one currency for another. The spot rate is the current market price, also called the benchmark price. Spot transactions do not require immediate settlement, or payment “on the spot.” The settlement date, or “value date,” is the second business day after the “deal date” (or “trade date”) on which the transaction is agreed to by the two traders. The two-day period provides time to confirm the agreement and arrange the clearing and necessary debiting and crediting of bank accounts in various international locations. Risks Forex trading is risky. There are ways to reduce risk such as setting a Stop Loss on deals. Read more about the risks involved and how to lower exposure to risk. Further reading To learn more about the topics mentioned in the above article, also look at Day Trading. Leveraged Trading and Currency Pairs. To find out more about Forex instruments offered by easy-forex ® read Online Forex Account . Advertencia de Riesgo: Forex, Commodities, Options y CFDs (OTC Trading) son productos apalancados que conllevan un riesgo sustancial de pérdida hasta su capital invertido y pueden no ser adecuados para todos. Asegúrese de que entiende completamente los riesgos involucrados y no invierta dinero que no puede permitirse perder. Consulte nuestra renuncia de responsabilidad completa. Easy Forex Trading Ltd (CySEC – License Number 079/07 ). Deja un comentario Cancelar respuesta Vea los videos del Campeonato Forex ¿Nuevo en el mundo Forex? Aprenda a invertir en Forex para asegurar el futuro que desea. Usted sabe que la inversión inteligente es la mejor manera de asegurar el futuro que desea. Y usted sabe que FOREX. El mercado de divisas. offers huge opportunities. ¿Pero cómo usted aprende Forex que negocia en un mercado dominado por los bancos internacionales enormes y tan muchos corredores a elegir de? Al convertirse en un jugador en el Campeonato de Forex! Es gratis para unirse y NO necesita una cuenta con un corredor! Cuando te unes, serás parte de la oportunidad de aprendizaje REAL y una competencia comercial internacional, que está abierta cinco días a la semana, 52 semanas al año. You’ll learn as you play trading in a structured, rule-based environment with professional analysis to teach you to trade as if you’re on the trading floor of one of those large financial institutions, with limiting leverages and overnight exposures. Descubra cómo cada acción que usted toma puede convertirse en una oportunidad ganadora. $ 2,5 millones fueron distribuidos en nuestra última temporada Compare sus análisis y resultados con miles de otros jugadores en todo el mundo. Hay premios diarios, mensuales y estacionales que puede convertir en cuentas comerciales reales o tarjetas de regalo. Y no hay límite en el número que puede ganar. Esta es tu oportunidad. Aprender. Y ganar. Únete al campeonato de Forex hoy! Únete al mundo Forex lleno de grandes oportunidades con premios de hasta EUR 20.000! Cuando te unes al Campeonato de Forex. Usted está haciendo más que aprender a invertir en el excitante mundo del comercio de divisas. También está abriendo un mundo de oportunidades para el gran diario. semanal. mensual. Y los premios anuales, siempre y cuando usted está paticipating! Comienza con nuestro registro GRATUITO de 1 paso. Con solo unirse, obtendrás un premio de 20 euros. Como nosotros en Facebook, ¡y eso es otro 20 euros! Entonces se vuelve muy interesante! Cada día de negociación-5 días a la semana, 52 semanas al año-50 mejores artistas diarios ganar 50 euros premios! Para los 5 mejores artistas diarios cada mes. ¡Hay un premio ADICIONAL de 250 a 1-MIL euros! Top weekly performers with returns above 1-and-a-half percent win 100 euro. Y cada mes, los 15 mejores jugadores ganan entre 1 y 5 mil euros! Trading suspended InstaFxNg.com is operated by Instant Web-Net Technologies Limited as a Nigerian InstaForex Representative / Introducing Broker Partner. You can use any of the methods below to contact us, you can check our frequently asked questions. you may also fill the form below. Head Office Address TBS Place, Block 1A, Plot 8, Diamond Estate, Estate Busstop, LASU/Isheri road, Isheri Olofin, Lagos, Nigeria. Support Phones: 08182045184, 08084603182, 08083956750 Email: [email protected] Lekki Office Address Road 5, Suite K137, Ikota Shopping Complex, Lekki/Ajah Express Road, Lagos, Nigeria. Support Phone: 07081036115 Kindly fill the form below to contact us You Really Can Make Consistent and Profitable Living Trading the Forex Market. Join Over 1000 Nigerians Making Profit. Posted: March 21, 2016 at 01:01 PM The Weekly Forex trading Analysis on EUR/USD and GBP/USD for 21st to 25th of March 2016 Go to News Centre for more news Daily Forex Signals Posted: March 23, 2016 at 09:32 AM EUR/USD Sell @1.1250 TP @1.1280 SL @1.1235 Go to Signal Centre for more signals Your use of the signals means you have read and accepted our terms of use. Download the signal guide to learn how to use the signals. Forex Quotes InstaForex InstaForex Head Office Address TBS Place, Block 1A, Plot 8, Diamond Estate, Estate Bus-Stop, LASU/Isheri road, Isheri Olofin, Lagos. Support Email: [email protected] Phone: 08182045184, 08084603182, 08083956750 Lekki Office Address Road 5, Suite K137, Ikota Shopping Complex, Lekki/Ajah Express Road, Lagos State Phone: 07081036115 WARNING: Foreign Exchange Trading and Investment in derivatives can be very speculative and may result in losses as well as profits. Foreign Exchange and Derivatives Trading is not suitable for many members of the public and only risk capital should be applied. The website does not take into account special investment goals, the financial institution or specific requirements of individual users. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on information contained on this site or in your trading. You should carefully consider your financial situation and consult your financial advisors as to the suitability to your situation prior making any investment or entering into any transactions. &dupdo; 2016, All rights reserved. Instant Web-Net Technologies Limited (www.instafxng.com) Daily Forex & Commodity Signals & Analysis for 24th December 2013: Short Term Signals: Nzd/Usd Buy at 0.8175/80 then 0.8170/75 then 0.8150/55, sell at 0.8215/20 then 0.8225/30 then 0.8235/40 *Follow same strategy principle for all pairs Medium Term Analysis: Usd/Chf on uptrend, retracement at 0.8910/15, as swing buy with Tp1 0.8970/75 Tp2 0.8985/90 Tp3 0.9005/10, as breakout sell with Tp1 0.8895/00 Tp2 0.8870/75 Tp3 0.8855/60 Usd/Jpy on uptrend, retracement at 103.95/00, as swing buy with Tp1 104.25/30 Tp2 104.30/35 Tp3 104.55/60, as breakout sell with Tp1 103.75/80 Tp2 103.60/65 Tp3 103.50/55 Euro/Usd on downtrend, retracement at 1.3720/25, as swing sell with Tp1 1.3655/60 Tp2 1.3640/45 Tp3 1.3620/25, as breakout buy with Tp1 1.3740/45 Tp2 1.3765/70 Tp3 1.3785/90 Gbp/Usd trying to base on uptrend, retracement at 1.6335/40, as swing buy with Tp1 1.6385/90 Tp2 1.6400/05 Tp3 1.6425/30, as breakout sell with Tp1 1.6315/20 Tp2 1.6295/00 Tp3 1.6270/75 Usd/Cad on downtrend basis, retracement at 1.0620/25, as swing sell with Tp1 1.0560/65 Tp2 1.0540/45 Tp3 1.0500/05. as breakout buy with Tp1 1.0655/60 Tp2 1.0680/85 Tp3 1.0710/15 Aud/Usd trying to base on uptrend, retracement at 0.8920/25, as swing buy with Tp1 0.8960/65 Tp2 0.8975/80 Tp3 0.8995/00, as breakout sell with Tp1 0.8905/10 Tp2 0.8890/95 Tp3 0.8870/75 Nzd/Usd on downtrend, retracement at 0.8200/05, as swing sell with Tp1 0.8175/80 Tp2 0.8170/75 Tp3 0.8150/55, as breakout buy with Tp1 0.8215/20 Tp2 0.8225/30 Tp3 0.8235/40 Euro/Jpy on uptrend, retracement at 142.40/45, as swing buy with Tp1 142.90/95 Tp2 143.05/10 Tp3 143.40/45, as breakout sell with Tp1 142.05/10 Tp2 141.80/85 Tp3 141.55/60 Gbp/Jpy on uptrend, retracement at 170.05/10, as swing buy with Tp1 170.55/60 Tp2 170.65/70 Tp3 171.05/10, as breakout sell with Tp1 169.75/80 Tp2 169.50/55 Tp3 169.25/30 Gold on downtrend, retracement at 1203/04, as swing sell with Tp1 1208/09 Tp2 1212/13 Tp3 1219/20, as breakout buy with Tp1 1189/90 Tp2 1185/86 Tp3 1178/79 Oil on uptrend basis, retracement at 98.55/60, as swing buy with Tp1 99.25/30 Tp2 99.55/60 Tp3 99.80/85, as breakout sell with Tp1 98.35/40 Tp2 98.15/20 Tp3 97.70/75 Have A Great Merry Christmas and Trading Day The Truth About Forex Market Forex online has found the perfect tool to develop, however, is a good place to shelter our savings?. The foreign exchange market, or forex market, English acronyms come from Foreign Exchange, is one of the largest capitalization markets in the world, is a decentralized market, does not have a physical yield can be Bombay Stock Exchange or Colombia bag But thanks to the computerized trading is done electronically interconnected. The lack of regulation, a big problem. The same decentralization means that there are many loopholes regarding the operability of this market, although there is a regulated market where agents access and exchange of the country that focuses on the central banks Where daily published officially change that have produced the various currencies within that system, is spreading another parallel market, unregulated, and even with prices equivalent to those reported in central banks. OTC, over the counter markets. Normally forex broker operating online are OTC, outside of regulation, and graphics which usually includes the movement of market prices are not real market charts, but a parallel market that uses real market data. Therefore you make a personal contract with the company, and its guarantees not reach farther than you have signed that contract. A currency for many prices. If correct this definition, there is no single market we can find different changes depending on the market that we take for reference. Then when you contract with a broker forex market, you should know the source from which exchange to which you are subjected to it, if making reference to the change provided by bloomberg, Reuters, Or some other system. It’s like buying a lottery ticket if you do not know who draws the prize. Be registered with a regulatory body, is a good way for a broker. When hiring a forex broker would be a good option that is registered with the regulatory body that exists in their country, CNMV in Spain, FSA in the UK, etc. That does not imply to be sure that our savings are in the right direction, but it is a step by the broker with the law. Since you can submit to arbitration terms offered by these agencies. Leverage, have much to be nothing. Internet brokers offer products CFDs that are normally leveraged, What that term means. Forex brokers usually offer a platform that shows the market, but do not operate on it, the broker has its own parallel market, and to better understand what we will give an example, if you invest $ 1000 in a forex market 1:100 leveraged for every $ 1000 you have actually invested is operating with 100 times more, $ 100,000. Everything is wonderful, indeed. Por supuesto. If you are successful in their operation, surely the world is wonderful because their benefits will opt for that amount, but an error of only 3% you could be a loss $ 3000, three times what you had. It is normal to have daily swings of up to 8%. CFDs, contracts for difference. When I buy a CFDs, which are Contracts for Difference, I’m not buying a stock or real title. The example we saw before is more real, buy lottery, without knowing who made the draw, and on top of where is the ballot. We’ve all had a friend who won a lot in bag once and then never again speak of it, but while shares or has lost a revaluation, there’s always the title to inherit even their grandchildren. CFD However this is not true. To not be one of the statistics. Then this type of market is designed for you to lose, and worst is that many, masquerading as a financial institution, which for years have educated us that it is a good place to take our savings, or even lead to the CFD market our money and sent without mercy to a tax haven, already knowing in advance that we will lose. Organizing the famous scams pyramid. A little light on the road. But not everything is dark, is not the place suitable invest in high-risk products such as CFDs to our savings, never spend more than 10% of that in it. Practice good training before entering them are products that require not just knowledge of technical analysis, but the knowledge of financial risk are essential, Lose all the time necessary to locate a trusted broker is properly authenticated, preferably with a certification of financial transparency. Who has a track record, we recommend that you look for a company that specializes in examining these legal issues before hiring. For Webmail like the lottery. Suerte. Please read our other business, finence, and investing articles- What is the Forex market CFD and market opportunities EUR / USD lower. Types of analysis in the forex market 4 incompatible with iPhone application for Forex investments How to surf the waves in the sea of ​​Forex Market Tips for investing in 2012 Financial scandals, a minefield Art, one of the best investments in Spain Useless monumental works in Spain Last week, the Central Bank of Thailand implemented a series of draconian capital controls, designed to prevent foreign speculators from pouring funds into Thai capital markets and contributing to the appreciation of the Baht, which has been furious this year. Realizing this would ultimately be an inadequate means of grounding the Baht, Thailand has since added that an appreciation in the Chinese Yuan would take some of the upward pressure off of the Baht. Because the Yuan is effectively pegged to the USD, countries that run trade surpluses with the US and also have flexible exchange rate regimes (such as Thailand) must shoulder the brunt of the USD decline. The Wall Street Journal reports: The Bank of Thailand [has since] removed capital controls on foreign investments specifically destined for the stock market. Controls on other investments remained in place. 2006 was a turbulent year, as many of the world’s major currencies fell out of synch, rising or falling by as much as 15%. Nonetheless, implied volatility (which can be calculated indirectly from currency options), fell to multi-year lows. Analysts have attributed this phenomenon to improved communication of Central Banks, a significant increase in forex trading volumes and a relatively stable global economy. As a result, the carry trade has defied the predictions of experts (including your correspondent) by remaining popular. Investors continue to borrow in Yen and Swiss Francs (with interest rates of .25% and 2% respectively) and invest in higher-yielding currencies. If the current monetary framework remains in place, this should be a profitably strategy. However, fortunes are lost as quickly as they are made, reports Reuters: The flip side is that any gains can be quickly eroded by a rally in the funding currency — something which is less likely to happen in markets where volatility is low. Having recently surpassed the $1 Trillion mark and showing no signs of abating, China’s swollen forex reserves are in dire need of some serious management. China’s de facto pegging of the Yuan to the USD has forced it to segregate its foreign exchange reserves rather than inject them back into its economy. Meanwhile, a 100 basis point decrease in US interest rates costs China as much as $10 Billion annually in lost returns. As a result, China is now considering copying Singapore’s enormously successful model, in which Temasek, a government-funded company, makes billion-dollar investments in enterprises around the world. Whether a Chinese version of Temasek would lead to more or less USD-denominated investments is anyone’s guess, as Forbes reports: China funded a study trip around Asia earlier this year looking at how various governments manage their reserves, including Singapore. The massive growth of China’s foreign exchange reserves has triggered calls for their holdings to be diversified and put to better use. This year has been a tumultuous one for financial markets: US equity markets soared to all-time highs, bond markets were turned upside-down as the yield curve became firmly inverted, and the USD dropped 10% or more against many of the world’s currencies. Forex traders are resting easy this week, which is perennially one of the slowest of the year. The markets are functionally closed, as most market participants are on vacation, and those who remain are evaluating the performance of their portfolios in 2006 and/or mapping out their investment strategies for 2007. In short, you can expect low volatility over the next week or two, before a spate of economic data and central bank meetings kick of the new year in January. While the Yuan is currently rising at an annualized rate of 7% against the USD, China continues to earn the brunt of the ire of US politicians, who point to China’s nearly $200 Billion current account surplus. Meanwhile, the oil-exporting nations of the world have largely escaped detection despite their collective trade surplus of $500 Billion, $300 Billion of which can be attributed to Middle Eastern countries. The countries of Gulf Co-operation Council, or GCC (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Oman and Qatar), separately link their currencies to the USD, and as the price of oil soared to record highs in 2006, the coffers of these countries expanded proportionately. Many economists are advocating that these countries abandon the peg to the Dollar in favor of a link to a basket of currencies, which would probably favor the Euro. This seems to be a sensible approach for several reasons. First, the EU represents the region’s biggest trading partner. Second, the USD-peg has constrained the ability of GCC Central Banks to conduct monetary policy, which has contributed to high inflation and overheating economies. Finally, it is rumored that GCC countries will merge their currencies into a common regional currency in 2010, at which point a peg to the USD will become an economic disaster waiting to happen. In a move that reflected politics as much as economics, Iran announced that it would immediately begin managing its budget and expenditure in Euros, rather than in USD. This change will also apply to oil revenues, despite the fact that oil contracts will continue to be settled in USD. While the announcement could certainly inspire other nations to the same, it was not enough to scare USD bulls by itself; as one analyst pointed out, 70% of Iran’s forex reserves are already held in European assets, so there is not much more potential for diversification there. The Wall Street Journal reports: The move is the latest in a number of steps taken by Iran to reduce its dollar dependency after the US renewed banking and monetary restrictions on Iran. In the year-to-date, the Thai Baht has appreciated by almost 20% against the USD, making it one the world’s strongest performing currencies. This becomes especially impressive when you consider that it has taken place against the backdrop of a military coup. Today, the Central Bank of Thailand effectively put an end to the Baht appreciation by effecting immediate controls on foreign capital inflows. The Central Bank has come to the (correct) conclusion that the run-up of the Baht has been a result of a surplus of speculative capital rather than a sudden increase in demand for Thai goods and services. Accordingly, foreigners who wish to make bets in Thai capital markets will henceforth be required to keep their money in Thailand for at least one year before they can withdraw it. The Financial Times reports: The baht weakened further on Tuesday, trading at Baht35.67 to the dollar by early afternoon, 1 per cent down from the nine-year high point of Baht35.06 reached earlier Monday before the central bank’s announcement. Jean Claude Trichet, president of the European Central Bank, is know for his terse, deliberately vague commentary. This week, he veered slightly away from that modus operandi by speaking out against Euro “volatility” in forex markets. In other words, he has not been delighted by the Euro’s rapid appreciation against the USD. While Trichet indicated that such an appreciation is bad for EU growth, he did not encourage EU governments to attempt to stabilize the currency. Thus, it is not clear how the markets will react to such comments, although if it appears likely that the ECB will alter its monetary policy as a result of the Euro volatility, the markets will certainly take notice. The International Herald Tribune reports: ECB President Jean Claude Trichet said that while globalization had led to lower import costs for manufactured goods, it had boosted demand and increased oil prices. For years, economists have been arguing that the USD was vastly overvalued, and a fundamental correction was in order. Last month, their claims were born out, as the bottom fell out beneath the USD, and the currency declined by over 10% against most of the world’s major currencies, including the British Pound and Euro. But, was this only the beginning and is there more to come? In trade-weighted terms, the USD is hovering around its 30-year average, and is just above a 20-year low against the Japanese Yen. Meanwhile, the Yuan is appreciating at a snail’s pace. In real terms, therefore, the correction that has taken place thus far is trivial. The decline against the Euro is unlikely to fix the trans-Atlantic balance of trade. It will certainly make risk-averse investors think twice about investing in the US, especially since Europe and Great Britain now offer comparable returns, but will not cause Americans and Europeans to adjust their patterns of consumption enough to narrow the trade imbalance. However, further USD appreciation would be inflationary in America by raising the prices of imports. This would therefore deter the Federal Reserve Bank from lowering interest rates, since according to Ben Bernanke, inflation is already “uncomfortably high.” Meanwhile, America’s economy is starting to sputter with productivity lagging and the housing market in tatters. The Fed is in the unenviable position with reconciling the looming recession with the specter of inflation, both of which are to be avoided if possible. In the long term, the USD must decline, against the currencies of Asia at the very least. At some point, foreigners will either become unwilling to finance the American twin deficits are will run out of assets to purchase and loans to underwrite. This is already happening, as American interest rates are at disconcertingly low levels while equity prices continue to touch record highs. As if this were not enough, Asia already owns over $2 Trillion in USD-denominated assets, and is in the process of shifting its reserves out of US capital markets. In short, it is still a question of when-not if-the USD will decline drastically (by 20% or more) so that the global imbalances can be permanently ironed out. Last week, a well-respected Japanese economist publicly urged Asian nations to take joint action in accepting the fall of the USD against their respective currencies. He encouraged them to fight the temptation to intervene in forex markets, because such could potentially cause massive instability. Most Asian nations would lose on two fronts of the USD continued to decline; their economies would suffer due to less competitive exports, and their USD-denominated reserves would become relatively less valuable. However, it seems that most of these countries could withstand a 20% decline in the USD, despite any negative short term fallout. The New York Times reports: “It would be very difficult to achieve such coordination. However, we have seen Asia coordinate in some areas where they normally compete, such as when India and China bid for foreign energy assets.” As China’s FX reserves soar past the $1 Trillion mark, the country may begin taking the management of these reserves a little more seriously. In the past, China merely issued Yuan to those in possession of foreign currency, and then proceeded to remove the currency from circulation and stash it in risk-free investments overseas. Now, however, China’s reserves are so gargantuan that it risks losing out on billions in potential profits by failing to intelligently invest and diversify its holdings. As one would expect, reconfiguring these reserves would involve not only investing in different types of securities, but also in many different currencies, steps which have serious implications for world forex and capital markets. AFX News reports: The finance ministry [could] issue 200-400 bln yuan worth of bonds with maturities of at least 10 years. The bond proceeds can be used to buy foreign currencies from the central bank which may then be invested in overseas markets. The woes of the USD continued today, as the European Central Bank (ECB) raised its benchmark interest rate by 25 basis points, to 3.5%. The move was widely anticipated by economists, who predict two additional rate hikes in the spring will bring the ECB closer to the end of its tightening cycle and leave rates at 4%. Jean-Claude Trichet, president of the Central Bank, used GDP growth to justify the rate hikes and pointed to data that indicate the EU economy will grow by 2.9% this year, and by as much as 2.7% next year. While inflation does not loom as large as it did over the summer, the ECB is still clearly vigilant, which should be a cause of concern for Dollar bulls. Marketwatch reports: With the USD in a full-fledged tailspin, many economists and analysts are mapping out the implications of a further decline and modeling worst-case scenarios. The release of new economic data is only adding fuel to the fire, and for the first time, many are embracing the possibility of a complete collapse of the USD, as investors rush en masse for the exits. Already, the Dollar is nearing all-time lows against the British Pound and the Euro. Housing data has stabilized slightly, but manufacturing data reveals that many companies are building unhealthy balances of unsold inventory. Meanwhile, GDP growth forecasts have been downgraded to sluggish and the Fed is threatening to further raise interest rates. The Financial Times reports: “Combined with other soft US data, the ISM data will reinforce fears of a hard landing and will add to the momentum behind the dollar sell-off,” said Martin Slaney at GFT Global Markets. As the British Pound hovers around a 14-year high against the USD, economists have begun to assess the implications. The most obvious consequence is that UK exports will become less attractive to buyers in the US, which is one of Britain’s primary export markets. Along the same lines, British people may begin funneling some of their consumption and investment dollars into the US to take advantage of comparatively lower prices in the US. Many analysts are predicting that this sudden inflow of British capital into the US will halt the decline of the USD against the Pound. The savviest investors have already begun to lock in the current exchange rate to hedge against a reversal. The Finance Daily reports: “Forward contracts are a great way for people looking to move to the US to take advantage of the favourable exchange rate.” In essence, a ‘forward contract’ means that you can buy the currency now and pay for it later. As the pace of the USD decline accelerates, many investors are searching for ways to profit, especially in ways that offer limited risk. One such vehicle which has proven to be both popular and relatively riskless is the currency fund. These funds, which are typically structured as either mutual funds or exchange traded funds, have developed different strategies for turning currency volatility into profits. However, many of the funds seem to be tied to the JP Morgan USD index, and have been punished over the last year, with one fund down over 12% in that period. Still, there are several funds which invest in baskets of currencies, and these have fared quite well of late. The Wall Street Journal reports: Although still a tiny sliver of the mutual-fund marketplace, assets of pure currency open-end mutual funds and ETFs rose to $1.4 Billion heading into November. Read More: Fund Investors Turn to Currency to Hedge Markets Fri, 25th March 2016 26th May 2010 Currency News Beginning in the early Asian session and continuing through to the pre-US open trading hours, crude would pitch into a selling trend that would build in intensity as European liquidity slowly filtered into the market. In fact from Monday’s US session close, the active WTI futures contract would topple an impressive 4.36 percent by the time the New York exchange would come on line. INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY. 90.13 Last Updat e At 26 May 2010 01:52 GMT As dlr has retreated on intra-day renewed cross buying of yen after y'day's strg bounce fm 89.26 to 90.51 (AUS), suggesting choppy consolidation with nr term downside bias is seen n retrace. twd 89.74 can't be ruled out b4 prospect of another rebound. Wud be prudent to exit long n look to buy again on decline as 89.55/60 shud hold fm here. Range Forecast 89.90 / 90.25 Resistance/Support R: &toro; Dollar Manages to Hold on to Some of its Morning Rally as Sentiment Reverses Course • Euro Recovers Lost Ground as Risk Rebound Quiets Crisis Rumors • British Pound Performance Mixed on Sentiment, GDP Revisions, BoE Assurances • Japanese Yen May Not Represent the Best Safe Haven Should Korean Troubles Deepen • New Zealand Interest Rate Outlook Bolstered Slightly by Inflation Forecast INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.2293 Late Update At 26 May 2010 02:32 GMT Euro's intra-day sharp fall fm 1.2388 (AUS) sug- gests y'day's strg rebound fm 1.2177 has made a top there n despite daily broad consolidative outlook, nr term downside bias remains for retrace. of said y'day's rise twd 1.2260, break extends twd 1.2220. Turn short on recovery for 1.2265 1st n only abv 1.2340/45 confirms pullback over, 1.2388 later. Range Forecast 1.2275 / 1.2310 Crude oil is back near $70.00/barrel after a volatile New York session on Tuesday. Little has changed as the commodity continues to move in lockstep with the broader financial markets. Of interest on Wednesday is the EIA Petroleum Status Report. The 1.2240 support did break yesterday but the next support at 1.2165 held well for a recovery. Bias: I feel a pullback is due but while the 1.4305-36 support holds we are due to see further gains Please read the attached PDF file which provides more detailed analysis The impressive rebound in the currency market on Tuesday saw most of the major currencies recouping all of their early losses and closing back by opening levels. The Euro and the British Pound may advance after a pullback in Asian hours as rising equity index futures hint that risk-linked currencies may resume the rebound that began in New York trade. Spot Gold SPOT GOLD closed @ 12010 which was ABOVE the open and breached the previous day's high. The High was 0.5 Dollars from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Corrective Up while 11875 holds and Daily Trend is Turning Up while 11625 holds, so expect the price to have a Limited Upside and EURJPY EURJPY closed @ 11140 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3. The Hourly Oscillators are MIXED and the Price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 11220 holds and Daily Trend is Corrective Down while 11660 holds, so expect the Price to be Choppy until Breakout. The Daily Trend USDCHF USDCHF closed @ 11570 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Up while 11520 holds and Daily Trend is Corrective Up while 11345 holds, so expect the Price to be Choppy with a potential to Break Higher. EURUSD EURUSD closed @ 12345 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 12395 holds and Daily Trend is also Sideways Down while 12675 holds, so expect the Price to be Choppy with a potential to Break Quote of the day. Some people use one half their ingenuity to get into debt, and the other half to avoid paying it. — George Prentice EURUSD Trading strategy. small short at 1.2470, stop at 1.2520 (0.5% risk), objective at 1.2370. The euro fell to as low as 1.2177, erasing most of last week’s gains. Downside pressure remains high as yesterday’s recovery from 1.2177 to 1.2385 was unsustainable and the 1.22 region is back in focus at time of writing. The EURJPY was the main driver of The British Pound bounced back from the low (1.4335) and pared the overnight decline to maintain the tight range carried over from the previous week, and the GBP/USD appears to be carving a near-term bottom just above 1.4200 as the daily RSI rebounds from oversold territory. The euro has extended its two day decline against the U.S. dollar as European debt concern linger, and the pair now looks to continue its southern journey to test pivot support at 1.2224, with a break below exposing 1.2102 as our speculative sentiment index signals for further losses in the pair. Hello traders good morning it is time for your Daily Forex Analysis. Today I will be updating a post that Sophia wrote earlier this week about the Aud/Usd. Sophia made a great analysis of the pair and now we are at a key stage. The Aud/Usd has moved into consolidation period and I think that the formation is looking to make a move. There are two potential moves happening now: 1.) The pair is forming a bear flag getting ready to plunge to new lows. 2. ) The pair is consolidation forming a The pound continues to find a bid as risk appetite has returned to markets following yesterday’s sharp reversal at the end of the U.S. session. The European debt crisis has put markets on alert, but we may have seen an overreaction to the region’s problems which is the source for the current rebound in optimism. The USD/JPY spent most the day trading in a narrow range as markets have lacked conviction following yesterday’s sharp reversal in equity markets but has come back under pressure as stocks give up gains. The pair has become a proxy for risk appetite which is evidenced by its strengthening correlation with equity markets which has risen to 65% from 31% a month ago. Economic activity in the U.S. is expected to expand 3.4% in the first-quarter amid an initial forecasts for a 3.2% rise in the growth rate, while personal consumption is anticipated to increase 3.8% during the first three-months of the year, which would be the highest reading since the fourth-quarter of 2006. The USD/JPY spent most the day trading in a narrow range as markets have lacked conviction following yesterday’s sharp reversal in equity markets but has come back under pressure as stocks give up gains. The pair has become a proxy for risk appetite which is evidenced by its strengthening correlation with equity markets which has risen to 65% from 31% a month ago. Crude oil is back near $70.00/barrel after a volatile New York session on Tuesday. Little has changed as the commodity continues to move in lockstep with the broader financial markets. Of interest on Wednesday is the EIA Petroleum Status Report. Though the past week was characterized by a few volatile swings in risk appetite, the capital markets nonetheless find themselves pushing towards new bearish extremes. For the US dollar, this uncertainty and pessimism bodes well for two reasons. Recently Published NEWS ARCHIVE Blog de Forex Calculating Position Size for Any Trading Instrument February 12, 2013 by Andriy Moraru Almost a year has passed since the Position Size Calculator for MetaTrader was introduced in this blog. It is currently the third most popular indicator on EarnForex.com, losing only to Pinbar Detector and Market Profile. Unfortunately, while being extremely useful and pretty flexible, it failed to work with many trading instruments (e.g. CFDs or exotic currency pairs), especially if your account was not based in USD. But thanks to one conscious forum user. who turned my attention to MODE_TICKVALUE and MODE_TICKSIZE symbol properties in MQL, it has now changed for better. The new version of Position Size Calculator retains all the advantages and benefits of the previous version but is now capable of calculating position size for any trading instrument that is properly described in your broker’s MetaTrader server. Additionally, the whole calculation process is much faster (as no reference pair is requested) and requires less manual intervention (to add reference pairs to the Watch window). The screenshot below demonstrates the new indicator in action on USD/SEK pair: Same as before, the MT5 version is recommended over the one for MT4 as the former offers immediate position size recalculation when entry/ stop-loss lines are dragged on chart. The MT4 version will have to wait for a new tick to update the value. If you are loath to work with MetaTrader, you can always opt for our online position size calculator . If you have any suggestions or wish to report a bug for this MetaTrader indicator, please do so using the commentary form below. Artículos Relacionados: 4 Responses to “Calculating Position Size for Any Trading Instrument” DOES THIS POSITION SIZE CALCULATOR WORK FOR CFD INDICES ON MT4? WHAT CAN I USE TO CALCULATE POSITION SIZE FOR CFD INDICES ON MT4? It should work on CFD indices too. Please let me know if there is any error in position size calculated by this indicator for CFD indices. I tried this indicator for mt4 platform for german index trading de-30. its not working. Can you please let me know where i can get this indicator for mt 4? The indicator for MT4 can be downloaded from here (http://www.earnforex.com/metatrader-indicators/Position-Size-Calculator ), but from your comment, I see that you have already tried it. What happened when you attached the indicator to the chart? Also, please tell me what broker are you using, so I could test it myself if possible. Deja una respuesta Forex technical analysis is something that is used to provide insights into the way the market is moving, and predict currency changes. Unlike forex fundamentals, which look at current events and use things like interest rates, seasonal changes, holidays, elections and even wars to predict currency movement, technical analysis is based on the idea modeling future movements on past performance. Forex technical analysis relies on trendlines, and uses the concept of support and resistance levels. It predicts the movements of the markets bas ed on the way that the markets have moved in the past – using complex mathematical formulas to predict that the index will be supported (unlikely to fall below) a certain point and that it will encounter resistance (be unlikely to rise above) another point. Getting started with technical analysis is quite easy since most trading platforms offer a good system for showing the trendlines and bars, as well as applying things like the fibonacci sequence, to your currency graphs. This means that without having to do any complex working yourself you can get a good look at the patterns – the only challenge for you is figuring out how to interpret them. Compartir este: Me elsewhere Mensajes recientes 11:04 am By admin Placing stop loss orders can save a FOREX trader from sustaining heavy losses. While more advanced and experienced traders know what type of parameters to include Read More » 4:05 pm By admin When approaching the financial markets, traders usually either come from different camps. This would be either through fundamental or technical analysis backgrounds and traders will constantly Read More » 12:12 pm By admin Slippery recovery on money market in currencies is still not sign of recovery since China is still in guts to make more damage to world economy Read More » 1:32 pm By admin One of the main reasons why people love Forex trading is the amount of leverage that is available to the average trader no matter how small Read More » 10:02 am By admin Free GBP/USD forex signals and technical analysis strategy from the major providers. Stay updated with our daily GBP/USD forex trading signals to Read More » Comentarios Recientes Winner of Poll for the 26th December 2014 first of all thanks to everyone who spent time to participate in our Poll for the “Social Forecast Trading System ” last week. If you haven’t done it yet, remember to vote for this week poll here . It takes a second and can be worth $25! The more votes, the more reliable the results will be. We want to develop a real profitable trading system based on that approach and we definitely need your help But let’s come to the winners of this week… drum roll, please… wins the title of “Forecaster of the Week” because he/she provided the forecast on EURUSD – which moved -49 pips in a week – with the best accuracy (-55 pips). Congratulations for winning a $25 coupon 😉 The email addresses are not displayed entirely for privacy reasons 😉 The winners have been notified via email. Please read the Poll Rules to understand how coupons can be used. VoxPopuli, VoxDei, Consensus & # 8220; VoxPopuli ” (a demo account with 10K USD starting balance) trades EURUSD following what the majority of people voted. & # 8220; VoxDei “(a demo account with 10K USD starting balance) trades EURUSD following what the minority of people voted. & # 8220; Consensus “(a demo account with 10K USD starting balance) trades EURUSD following the average expected weekly price movement from all voters. The lot size of trades in these accounts is adjusted week by week at the re-open of the market. Here are the performances of the accounts after 154 weeks: Here is the performance of Consensus after 59 weeks: So far VoxPopuli has won 67 times and VoxDei has won 73 times out of 154 weeks (14 polls ended at 50%-50%). Let’s see what happens this week and the weeks ahead. The poll closes Sunday night at 21PM GMT. Gold Crumbles, Dollar Spikes after Thanksgiving The price of gold fell back near six-year lows on Friday and was headed for a sixth straight weekly decline, as the dollar firmed on the prospect of a US interest rate rise next month. Gold for February delivery plunged more than $20 in intraday trade. The yellow metal would settle at $1,055.50 per troy ounce, declining $14.20 or 1.3% on the Comex division of the New York Mercantile Exchange. With Friday’s loss, gold prices are down more than $120 over the past four weeks. Weaker gold prices also weighed on other precious metals. Silver futures fell 17 cents or 1.3% to $14.00 per troy ounce. Platinum spot plunged $14.99 or 1.8% to $837.54 per ounce. Gold and other precious metals were under pressure after the US dollar spiked on Friday, as investors continued to price in a US rate adjustment next month. The dollar index, a weighted average of the greenback against a basket of currencies, climbed 0.3% to 100.13. The Federal Reserve is widely expected to begin raising interest rates at its next meeting on December 15-16. Higher interest rates would raise the opportunity cost of holding non-yielding assets, such as gold. Since the yellow metal is priced in US dollars, it becomes more expensive for foreign investors when the American currency rises. The dollar strengthened against the euro on Friday, with the EUR/USD falling 0.3% to 1.0579. That was the pair’s lowest level since March 17. Unlike the Fed, the European Central Bank (ECB) is widely expected to ease monetary policy further at its next meeting on December 3. Global stock markets traded largely to the downside on Friday. European stocks eased off three-month highs, with the pan-European STOXX 600 falling 0.1%. London’s FTSE 100 Index was also down 0.2% in intraday trade. Share prices in Asia declined across the board. China’s Shanghai Composite Index plunged nearly 200 points or 5.5% after Chinese Brokerage Citic Securities announced it had received a formal notice from the China Securities Regulatory Commission (CSRC) that it was under investigation. The CSRC is reportedly investigating the firm’s short selling and speculative practices. Hong Kong’s Hang Seng Index also took a beating, plunging more than 420 points or 1.9%. A selloff in China also weighed on Japanese markets, with the Nikkei 225 Index closing down 0.3%. American stock futures were trading mixed ahead of the open bell. The Dow Jones mini fell 24 points. The Nasdaq 100 mini edged up 9 points. RELATED POSTS Acerca de tradersdna is a leading digital and social media platform for traders and investors. tradersdna offers premiere resources for trading and investing education, digital resources for personal finance, market analysis and free trading guides. With a comprehensive financial overview and dictionary, multi asset trading preparation content and active trading strategies. tradersdna is a primary destination for retail and institutional traders / investors of all stages. 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Antes de decidir si participa o no en divisas o mercados financieros o cualquier otro tipo de instrumento financiero, considere cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Do your research and homework and do not invest more money or financial resources than you can afford to lose. Contact Info Apply for a Live Account Gain access to professional markets First Name (Given Name) Middle Name - OPTIONAL Last Name (Surname) Email Address Confirm Email Address Phone Number Gender Birthdate Street Address City Province/State/Region Postal Code Country Account Currency Maximum Account Leverage By submitting this application, I hereby certify that I have read, understood, and agree to all of the terms and conditions of services provided. ERROR: Your browser appears to have JavaScript disabled. Please enable JavaScript to use this page. Level 2 Forex provides access to over-the-counter foreign exchange contract markets. 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Copyright y copia; 2015 Level 2 Forex. Todos los derechos reservados SuperForex: No Deposit Bonus SuperForex offers its customers multiple additional incentives to trade on the FX market. The No Deposit Bonus is aimed at our new members who want to test our products and services and start trading without initial investments and free of any risk. For unlimited period of time SuperForex’ new members can benefit from our No Deposit Bonus of up to $100 just by opening a real trading account. As its name suggests – no initial deposit is required in order to get the bonus. To obtain the No Deposit Bonus customers need to register a live trading account with us and verify it. After verification they need to submit the “Get the No Deposit Bonus” button from the Clients Cabinet. Note: Every customer may receive the No Deposit Bonus only once. The No Deposit Bonus cannot be combined with other bonuses, including the 40% Welcome Bonus, the 60% Energy Bonus and the 120% HOT Bonus. 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Apply for the No Deposit Bonus After verifying your account, please choose the “Bonuses” tab on the left hand-side menu in the Clients Cabinet and select the No Deposit Bonus. At the bottom of the page click the “Get the No Deposit Bonus” button. Step 4. Get the No Deposit Bonus to your trading account The No Deposit bonus will be automatically credited to your verified account. Market Roundup Last week was a very difficult trading week as all the capital markets lurched first one way then the other under the mounting pressure of gloomy and depressing news which continued virtually unabated. As a result risk markets sold off with both stocks and commodities suffering their worst weekly performance since late 2008. Greece, of course, continues to dominate the news but the fundamental reasons for the market slump remain the deterioration in global demand and consequent lack of growth in all the major markets. Last week’s low point was the FOMC statement, released on Wednesday, which duly sent investor confidence plummeting as the central bank clearly stated that it viewed “significant” downside risks to the US economy over the next few months. As investors panicked and risk appetite evaporated, the US dollar and US treasuries, coupled with the Swiss Franc and Japanese Yen were the main beneficiaries of the panic selling. What is interesting, however, is that both gold and silver also sold off sharply with silver ending the week a massive 24% lower and with gold a relatively modest 8% lower, having declined over the last few weeks of $1900 per ounce to close at $1620 per ounce. Meanwhile in last week’s forex markets all three of the commodity dollars, namely the Canadian, Australian and New Zealand currencies all came under significant pressure, selling off sharply and ending the week heavily oversold. These currencies are heavily dependent on the mining and extraction of base and precious commodities and, as such, they tend to have a relatively close correlation to commodity prices and oil, gold and silver in particular. However, it is interesting from our indicators that these currencies are now reaching a short term extreme level and, as such, we may expect to see a recovery in these, particularly against the risk off currencies such as the Japanese Yen and the US Dollar, so from a trading perspective the Kiwi, the Aussie Yen and the Cad Yen may offer us potential trading opportunities early in the week. Moving to Europe, whilst the problems with Greece continue it seems increasingly likely that EU leaders will eventually agree yet another bail out package which will allow the stricken country to receive the next instalment from the EU and IMF aid fund, thus preventing an imminent default once again. With a further sticking plaster in place we can expect to see the euro recover somewhat and a return to a modicum of risk appetite later in the week. 2 Comments Ana that was really a nice and wonderful update of the market. I really enjoy it and wish ya the best in your trading. But i still continue to ask to be shown how to get the USD index install in my system. And are you still trading the forex fixed odd. Which broker do you use for that. Gracias por tu tiempo. Hi Kevin – many thanks for your kind comments and with regard to the dollar index there are two places to find this chart. The first is free at a site called http://www.netdania.com. and the second is if you have a futures platform, then you will find a futures contract traded on the CME. The ticker for the latest is FX$INDEX and is available on the CME exchange. With regard to my own trading I concentrate on both the spot and futures markets and use two brokers, one for each, but no longer trade in fixed odds. Hope this helps and good luck with your trading – Anna Deja un comentario Cancelar respuesta Grab my RSS podcast feed! VIX continues to move ever lower! November 24, 2015 Following the wild gyrations of late August, the VIX has continued to move back towards the major platform of support in the 12 area and below, which to date has held firm and prevented major US stock markets breaking out and extending the long bullish trend further. Once again over the last few days we […] Anna Coulling Where next for the US markets after FED flop? November 24, 2015 Janet's equivalent of the Fosbury flop left US markets nervous ahead of the unscheduled release and positively underwhelmed after it! So where next for the major indices, and let's hope the FED don't flop again in December and finally get off the fence. Anna Coulling British pound under pressure in the US forex session November 22, 2015 In the second of our forex Friday webinars at the start of the US session, it was the British pound which came under increasing pressure, as US dollar bullish sentiment took hold. You can discover more about our volume price analysis methodology in my books on Amazon as well as how to get started as […] Anna Coulling Euro bears lead the way in London forex session November 22, 2015 The live forex trading session for London on Friday was dominated by Euro weakness across the single currency complex, driven by comments from ECB President Draghi. Usted puede descubrir más sobre mi metodología de análisis de precios de volumen en mis libros en Amazon, así como la forma de empezar como un comerciante de divisas. Just click on […] Join Anna as she talks through the markets ahead of the FED and with three central banks in focus within 3 hours, it's setting up for an interesting trading session for the markets. Tune in to Anna Coulling and Eddie Horn at TopStepTrader, as Anna looks at the forex week ahead following the elections in Greece with the euro bouncing back on the result! With the US dollar also reversing modestly on the day, the majors have made some minor gains, but with further US dollar strength likely, […] In the midweek show from TopStepTrader Squawk Radio, Anna and host of the show Eddie Horn discuss the opportunities for forex traders for the remainder of the week, and look ahead to some of the key news items round the corner. David also offers some views on commodity markets for both oil and gold. Catch up with the latest forex news this week as Anna joins host Eddie Horn for her twice weekly spot on TopStepTrader's Squawk radio. The GBP/CAD has been on an extend bullish trend for some time now, but in the last few weeks, the pair have started to run out of steam, running into some key resistance levels. The initial weakness was signalled with some ultra high volume, followed by several shooting star candles, before the pair initially started […] An interesting week as always for eurodollar traders, with the pair flip flopping between price congestion and extremely volatile moves. None more so than on Wednesday, following Ben's last meeting, changes in committee members, and the ongoing question of tapering. As Janet settles into the chair, market focus is now on the exotic currencies currently […] Meet Our Trading Partners Renuncia Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, commodities and forex markets. No negocie con dinero que no puede permitirse perder. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks, commodities or forex. No se ha hecho ninguna representación de que cualquier cuenta tenga o sea probable obtener ganancias o pérdidas similares a las discutidas en este sitio web. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC REGLA 4.41 - LOS RESULTADOS DE RENDIMIENTO HIPOTÉTICOS O SIMULADOS TIENEN CIERTAS LIMITACIONES. DESCONOCIDO UN REGISTRO DE RENDIMIENTO REAL, LOS RESULTADOS SIMULADOS NO REPRESENTAN COMERCIO REAL. TAMBIÉN, DADO QUE LOS COMERCIOS NO HAN SIDO EJECUTADOS, LOS RESULTADOS PUEDEN TENER ALGUNO O ALGUNO COMPENSADO POR EL IMPACTO, SI CUALQUIERA, DE CIERTOS FACTORES DE MERCADO, COMO FALTA DE LIQUIDEZ. NO SE HACE NINGUNA REPRESENTACIÓN QUE CUALQUIER CUENTA TENDRÁ O ES POSIBLE PARA LOGRAR GANANCIAS O PÉRDIDAS SIMILARES A LOS MOSTRADOS. &dupdo; 2016 Anna Coulling. Please read our Privacy Policy . Americas Roundup: Dollar dips with oil, equities, and investors pick less risky currencies-January 26th, 2016 Dallas Fed Texas January manufacturing activity index -34.6 vs -21.6 in Dec. ECB’s Draghi: meeting objective about credibility entails concerted action on fiscal policies, structural reforms and reducing the debt overhang. Gold and UST prices rise on sliding oil (-5+%)/stocks, amid global growth concerns. Qatar sees oil market rebalancing after one more downturn cycle, today’s price not sustainable. Fresh BOJ stimulus close call. BoE’s Forbes says oil price fall allows “a bit more time” before rate rise, US & UK labor markets stronger than headline wage growth suggests. Bank of England survey shows daily average FX turnover down 21 percent year on year. Looking Ahead – Economic Data (GMT) Looking Ahead – Events, Other Releases (GMT) EUR/USD is likely to find support at 1.0800 levels and currently trading at 1.0850 levels. The pair has made session high at 1.0857 and hit lows at 1.0822 levels. The dollar edged down against euro on Monday as renewed selling of crude oil in the market drove investors towards currencies often regarded as less risky investments, such as the euro, Swiss franc and Japanese yen. Investors’ focus is on the pace of Federal Reserve monetary tightening as risk aversion and volatile markets push market participants to pare bets on any U.S. near-term rate hikes, and rates are widely expected to be held steady at the conclusion of the Fed’s two-day meeting on Wednesday. European Central Bank President Mario Draghi helped normalize sentiment last week when he suggested the bank could add to its stimulus program as early as March. GBPUSD is supported in the range of 1.4194 and currently trading at 1.4245 levels. It reached session high at 1.4281 and hit low at 1.4226 levels. Sterling slipped lower against US dollar on Monday, as the spotlight was back of potential Brexit from Europe and the prospect of delayed interest rate by Bank of England. The pound has lost almost 6 percent in the last couple of weeks against the dollar as disappointing weak domestic data and worries over global growth have pushed back expectations for when the Bank of England starts raising rates. Further referendum on Britain’s European Union membership, increasingly expected to happen this year, have also weighed. Sterling’s trade-weighted index was down 0.6 percent at 88.0, and the currency was flat against the dollar at $1.4270, up just 2 cents from the seven-year low of $1.4080 hit last week. AUDUSD is supported around 0.6910 levels and currently trading at 0.7956 levels. It hit session high at 0.06983 and made session lows at 0.9949 levels. The Australian dollar declined against US dollar on Monday as worries about global growth kept a lid on further gains after a bounce from seven-year lows last week. The Australian dollar held steady at $0.7002, which compares with a peak of $0.7046 on Friday as resistance proved stiff around $0.7050. It rose 2 percent last week, its biggest such gain since October. Financial markets imply an 80 percent chance of a rate cut in Australia to a record low of 1.75 percent by May, with markets worried about the state of the Chinese economy and growth prospects in Europe and Japan. The central bank is widely expected to keep rates on hold but most economists are expecting the tone of the statement to point to more rate cuts ahead. USD/CAD is supported at 1.4100 levels and is trading at 1.4275 levels. It has made session high at 1.4290 and lows at 1.4216 levels. The Canadian dollar fell against its U.S. counterpart on Monday, trimming last week’s gains, as the crude oil price declined after Iranian oil returned to the market. U.S. crude oil prices fell more than 3 percent as Iraq announced record-high oil production. The currency pair rallied 3.0 percent last week after the Bank of Canada surprised many traders by leaving its policy rate on hold at 0.50 percent. However, expectations that the central bank will cut by July has nudged higher to 86 percent. It was 78 percent after much stronger than expected retail sales data on Friday. The focus now shifts to the U.S. Federal Reserve interest rate announcement on Wednesday, as well as the conclusion of the Bank of Japan policy meeting on Friday. The currency’s strongest level of the session was C$1.4127, while its weakest level was C$1.4280. European shares fell on Monday as Spanish and Italian banks led a decline by banking shares and oil and gas companies lost ground when an oil price rally fizzled out. UK’s benchmark FTSE 100 closed down by 0.03 percent, the pan-European FTSEurofirst 300 ended the day down by 0.73 percent, Germany’s Dax ended down by 0.3 percent, France’s CAC finished the day down by 0.6 percent. Wall Street stumbled on Monday after its first positive week of 2016, pulled lower by further weakness in oil prices as energy shares led declines. Dow Jones closed down by 1.30 percent, S&P 500 ended down by 1.57 percent, Nasdaq finished the day down by 1.59 percent. U.S. Treasuries prices rose on Monday, with the 30-year bond leading the rally for much of the day, as oil prices fell on swelling oversupply, dragging stocks down and stoking interest in safe-haven U.S. government debt. The 2-year note was last flat at a yield of 0.873 percent, little changed from 0.869 percent on Friday. The benchmark 10-year note was last up 8/32 in price to yield 2.020 percent, down from 2.048 percent late on Friday. The 30-year bond was last up 13/32 in price to yield 2.799 percent, down from 2.821 percent late on Friday. Gold rose 1 percent on Monday as the dollar edged lower on renewed weakness in oil and stock markets, with concerns over the global economic outlook raising questions about the U.S. Federal Reserve’s pace of interest rate tightening. Spot gold was up 0.6 percent at $1,104.95 an ounce at 2:34 p.m. EST (1934 GMT), after rising 1 percent to $1,108.50.U.S. gold for February delivery settled up 0.8 percent at $1,105.30 an ounce. Oil prices recoiled 6 percent on Monday, again nearing the pivotal $30-a-barrel threshold before the close, after news that Iraq’s output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week. Brent crude, the global benchmark, settled down $1.68 at $30.50 a barrel, 5.2 percent below its closing price on Friday. U.S. crude closed $1.85, or 5.8 percent lower at $30.34 a barrel. That was 16 percent above the 13-year low of $26.19 it touched on Jan. 20. Europe Roundup: Oil dips 4 pct, drives Shares lower, Dollar slides and Sterling struggles- Monday, January 25th, 2016 Asia Roundup: Antipodeans and Asian shares edge down on resumed oil slump, Investors cautious ahead of Fed meet – Tuesday, January 26th, 2016 High risk notice There is a high level of risk involved with trading leveraged products such as forex and CFDs. Usted no debe arriesgar más de lo que puede permitirse perder, es posible que usted puede perder más de su inversión inicial. Usted no debe operar a menos que entienda completamente la verdadera extensión de su exposición al riesgo de pérdida. FirewoodFX does not accept clients from the United States of America. Contáctenos Friday, September 30th, 2011 ZuluTrade have just released a new version of their website with some cool new features! Email notifications: Live account users can now choose to receive email notifications when: Want to receive a daily account statement, by email (open/close a trade) A new rating comment is posted on a signal provider that you have rated before […] Thursday, September 29th, 2011 Evaldo Albuquerque, Editor, Exotic FX Alert Two months ago, I told Currency Capitalist subscribers how Asian currencies were the new safe-haven currencies. At that time, the Asian Dollar index, which measures the performance of emerging Asian currencies against the U.S. dollar, was hitting a new all-time high. That was right in the middle of the […] Thursday, September 29th, 2011 Dear Trader, (This is a quick courtesy reminder.) At 11:59pm Eastern (New York time) TONIGHT, September 29th, the complete Forex Profit Accelerator trading program – including the custom intelligent END-OF-DAY trade alert software – is being PULLED FROM THE MARKET… That means you only have 12 hours (or less) to get your hands on this […] Monday, September 26th, 2011 It’s time — The Forex Profit Accelerator is LIVE! Get it here… Make sure you watch the ENTIRE presentation on that page — it reveals some BRAND NEW, SURPRISE EXTRAS you’re going to get when you enroll in the program today… I’ve been teaching people how to trade the markets since 2001 and from all […] Monday, September 26th, 2011 It is not just the banks that are in danger of going under. It is entire economies. They are the ones in need of emergency cash to stay afloat. For some time we have been saying that Europe’s financial ‘white knight’ may end up wearing Chinese armour or even a South American uniform? Now it […] Thursday, September 22nd, 2011 Hey everyone. Some people have been reporting on my “how to install MT4 on Mac OS X” post that the latest version of MT4 cannot be installed or doesn’t work properly with Crossover. Well to be honest guys I stopped using MT4 on OS X, so I haven’t been keeping up to date on this […] Sunday, September 18th, 2011 Dear Trader, (This is ALL NEW for 2011.) If you’ve ever “day traded” Forex, please pay attention, because I just discovered a “flaw” in the Forex markets that could make traditional day trading OBSOLETE… (…just like the automobile made the horse & buggy obsolete.) And once you discover how to exploit this “flaw”, you could […] Saturday, September 17th, 2011 Hi everyone. A long long time ago I posted about how a very good friend of mine has been working on a new EA called Forex Demolition and how he was giving away free copies for those interested in becoming beta testers. Well, that chance has long passed but I have something that could be […] After much thought and deliberation, you come to a decision. You finally know what this “New Year's Resolution” that is going to make huge changes in your life will be. So you make a pact with yourself. You are not going to eat fast food or junk food anymore. It is only healthy food for your temple. It is 5 minutes past midnight and you accidentally, through force … [Read more. ] How You Can Level Up was last modified: January 8th, 2016 by Johnathon Fox [TRADING QUIZ] What Type of Trader Are You? was last modified: November 19th, 2015 by Johnathon Fox So, you did it. You moved to a live account and you got your pants pulled down. They were pulled down hard and fast, and then you were smacked on the bum and sent packing. Surprising? Realmente no. Are you surprised? You shouldn’t be. We have all been there. This is a story I hear a lot throughout the week from traders who are emailing me for the first time looking … [Read more. ] Trade Forex Like a Soldier was last modified: November 12th, 2015 by Johnathon Fox Hey! as you know if you have been following us for a while; everything we do is for you! Everything we make, write and bring out is to help you become a better and more profitable trader. From time to time we need to make sure we are best serving you and making the best education that you need and so that is why today we have brought out a new super quick, but super … [Read more. ] [SURVEY] How Can we Help You With Your Forex Trading? was last modified: December 21st, 2015 by Johnathon Fox Introduction The most popular Forex Trading Platform in the world is MetaTrader 4 (MT4). This is a platform through which anyone can do Forex Trading or analyzing the financial market. This software was developed by MetaQuotes. This lesson will let you know about the basics of how to use the MetaTrader 4 (MT4) trading platform. How to Install the MT4 … [Read more. ] Beginner’s Guide to MetaTrader 4 (MT4) was last modified: August 27th, 2015 by Tas I often send out an email to my "VIP" Email Trading class and ask them what their biggest fear is that is holding them back from achieving their trading dreams and goals. I love working with you and helping you overcome the different fears and problems that are holding you back from taking the next step, so that you can overcome any hurdles that may currently … [Read more. ] Is Your Trading Suffering From This Common Fear? Steps to Fix it was last modified: January 27th, 2016 by Johnathon Fox Last week, I released a new expert advisor/indicator that a lot of members and followers of Forex School Online had been asking for. This EA (Expert Advisor) makes managing trades a heck of a lot easier, especially when you have a longer time frame trade running and you are at work or you want to go to bed and you don’t or can’t be at the computer to put your trade to … [Read more. ] The Complete Guide to Forex VPS was last modified: August 6th, 2015 by Johnathon Fox This trading lesson is one of the more important ones that I have written for Forex School Online and has some HUGE lessons in it that I think you are going to love! This lesson is super interesting because it takes a close look at how some of the biggest traders in the world in some of the biggest investment banks are dealing with their trading psychology and … [Read more. ] A Study on Thinking, Feeling & How Professional Traders React to Emotions was last modified: January 28th, 2015 by Johnathon Fox - Note: This is a very important article if you are wanting to set up your trading base for the rest of the year or start turning your Forex trading around with a new mindset. Make sure you have the time to give this lesson your 100% attention. Make yourself a coffee or cold drink and ensure you have 10 minutes of uninterrupted time to fully engage in what you are about to … [Read more. ] Sick of Losing Money Trading? Simple Strategies to Turn Your Forex Trading Around in 2015 was last modified: March 10th, 2015 by Johnathon Fox In the recent Forex trading Tutorial Forex Position Sizing I discussed at length both the different money management options you have available to you to manage your money in your trading and also how you can work out your trade sizes and risk before entering any trades. Whilst this previous article taught you how to manually work out your position sizes with a position … [Read more. ] Automatically Manage Your Trading Money With Metatrader Position Size Indicator was last modified: October 9th, 2015 by Johnathon Fox For those of you that have followed this site for a while, you will know that we are dedicated to helping traders become confident and successful “price action traders”. A common question I get asked about trading price action is; “what should I do with the news and fundamentals” I,e the economic news and trading announcements. Whilst I have discussed this in a few … [Read more. ] To be a Successful Price Action Trader, Don’t Follow The News was last modified: May 4th, 2015 by Johnathon Fox The markets are ever changing and with it the best traders are constantly re-evaluating their trading and adapting to ensure that they stay up with the changes and their trading edge stays profitable. In this article, I am going to look at some of the biggest changes in the Forex markets in recent times, how they affect you as a trader and how you need to prepare so that … [Read more. ] Price Action Traders Need to Adapt With Low Volatility was last modified: October 23rd, 2014 by Johnathon Fox One of the best ways traders can practice their trading method or system and speed up their learning curve is by what is called “Back Testing”. Back testing is the process of using old historical data to make trades and test a trading method or system. When traders back test their trading strategy they normally use a form of software to do it on such as the Forex Tester 2 … [Read more. ] Back Test Your Trading Strategy to Success was last modified: June 3rd, 2015 by Johnathon Fox Welcome to the Forex School Online - Forex Tester 2 How to Back Test Guide. Back testing can be a super powerful tool, especially for price action traders. Back Testing when done correctly, can help traders quickly build confidence in their method by being able to trade far more setups back to back than what they would be able to if they were watching the market in live … [Read more. ] How to Use Forex Tester 2 Back Testing Guide was last modified: March 24th, 2016 by Johnathon Fox Words are such a powerful tool and when harnessed correctly and used in a positive manner, they can be super effective at bringing about the correct emotions and behaviors that can lead to success. People that are negative and take no notice of their words or the thoughts they allow into their mind tend to have no control over their emotions and their actions & … [Read more. ] Harnessing the Power of Words in Your Forex Trading was last modified: July 29th, 2014 by Johnathon Fox Metatrader 4 (MT4) charts are the industry standard charting platform used widely with most Forex brokers. MT4 offers a fantastic platform that is both easy to use and quick to pick up and learn, but whilst there are many time frames in-built to the standard MT4 stock platform, one of the drawbacks is that some of the other time frames that traders would really like to … [Read more. ] Change MT4 Time Frame EA Indicator was last modified: January 12th, 2016 by Johnathon Fox In this day and age, Forex brokers have come a really long way and there is now a lot of competition. Forex brokers know that if they don't offer you a good product someone else quickly will and that means you can get a really good broker. Gone are the days where traders cannot afford to trade the cross Forex pairs such as the GBPAUD or EURNZD just because the spreads are … [Read more. ] Recommended Forex Broker & Charts For Price Action Traders was last modified: February 26th, 2016 by Johnathon Fox Traders familiar with Forex School Online will know that becoming a successful trader and having trading success has far more to it than just finding a signal on a chart and setting an entry order. Consistently profitable traders have a set routine that they follow time and time again that allows them to build really good habits. It is these good habits that allow the … [Read more. ] Why Your Habits Hold the Keys To Your Forex Trading Success was last modified: June 18th, 2014 by Johnathon Fox A key factor in the success or failure of any trader is how they manage their trades and their money. Whilst most factors are the same for all traders such as; all traders can use the same charts, the same brokers, the same methods to trade the markets etc, different traders will come to the markets with vastly different amounts of money at their disposal to trade the … [Read more. ] Trading With a Millionaires Mindset – Forex Trading Tutorial was last modified: March 6th, 2016 by Johnathon Fox Special Note: This is part two of a two part article. If you have not yet read part one, please do so here: Switching on Your Body & Mind For Better Forex Trading | Part One Being Emotionally Fit & Market Not Entertainment The market is there for one reason only and that is; for traders to make money. This is the only mindset traders can come into the … [Read more. ] Switching on Your Body & Mind – Part 2 | Emotions, Sleeping & the Markets was last modified: October 4th, 2014 by Johnathon Fox Today’s trading article is going to be a little different from what I normally write. Sin embargo; it is going to be just as, if not more important. Traders can’t be at the top of their games unless their body and mind are operating at 100%. Trading Forex & Futures can involve risking large sums of money and being prepared to lose large sums of money which can be very … [Read more. ] Switching on Your Body & Mind For Better Forex Trading | Part 1 was last modified: April 8th, 2014 by Johnathon Fox One of the most common questions I get asked regularly is “What are the things I should do in my trading” or “What are the steps I should be taking” etc. and whilst there are many different roads a trader can take, there are a few main steps that traders can take that will both fast track their journey and make their chances of success a lot higher if done well. The … [Read more. ] Johnathon Fox’s 5 Steps to Successful Forex Trading was last modified: February 20th, 2014 by Johnathon Fox In this article Forex School Online member Ryan, who has recently taken his trading full-time has answered several questions for the benefit of other new aspiring traders. It’s not often that up and coming traders get to hear straight from the senior traders themselves about their experiences, how they started, what their mistakes were and what their best advice would be … [Read more. ] Forex School Online Member Answers Questions on Trading & Going Full-Time was last modified: April 9th, 2014 by Johnathon Fox After much practice and study, most traders on the whole are pretty proficient at their chosen trading strategy such as price action trading, but where they can often be let down is how they think and approach their trading. Whether we like it or not, humans are not built for trading. Humans are simply not conditioned to think in a way that is conducive to good Forex … [Read more. ] Why Professional Forex Traders Accept Uncertainty & Why You Should Too was last modified: April 9th, 2014 by Johnathon Fox The major problem with resolutions is in the majority of cases they are either unrealistic or the person setting the resolutions has not worked out how they are going to achieve what they want. Por ejemplo; one person may set their resolution as wanting to lose 30 pounds. This is a great resolution if they need to do this for their health, but often what is not thought … [Read more. ] You Can Reach Your Forex Trading Goals in 2014 was last modified: January 9th, 2015 by Johnathon Fox Concentrate on Trading a Couple of Forex Pairs or Many? Two of the most common questions I tend to receive over email are; what pairs should a trader trade and is it better to concentrate on just one or two pairs or many. Normally to answer the first question it can be difficult because every trader has a different broker and every broker has a different list of pairs and … [Read more. ] The Forex Pairs and Markets That Johnathon Fox Trades was last modified: April 14th, 2015 by Johnathon Fox Practicing To Be the Best A lot of traders start off into their trading and fall into the trap of trading anything and everything which we all know is of course called “over trading”. Whilst this is easy to spot, this is far harder to stop and the major problem with this is that every time you enter into a rubbish trade, you are feeding your subconscious mind with another … [Read more. ] Using Your Gut & Subconscious Mind to be a Successful Forex Trader was last modified: November 11th, 2013 by Johnathon Fox With so many traders coming into trading every single day, the subject of learning to trade and learning to trade Forex successfully, is something I discuss regularly with traders. On a daily basis I have the pleasure of dealing with people from many different walks of life and who have a plethora of different capabilities and skills. What makes someone a successful trader … [Read more. ] Can Successful Forex Trading Be Taught? was last modified: September 12th, 2013 by Johnathon Fox If a trader goes into any forum on the internet, they can quickly find many different pockets of information. This can be so overwhelming the trader can at times not know where to start. A common myth that is often spouted in these forums is that only 5% of all traders make money and whilst the truth is closer to 30%, it still leaves 70% of traders who are not making … [Read more. ] The Only Way to Win At Forex is to Swim Against The Stream was last modified: April 7th, 2014 by Johnathon Fox Professional traders all treat their trading the same way. They understand they are not trading for the love of it or for the fun of it and whilst they may enjoy trading and they may love what they do, it is not reason they enter into trades. The sole reason professional traders make any trade is to; ganar dinero. That’s it. There is no other reason. A professional trader … [Read more. ] Professional Forex Trading is a Business and NOT a Game was last modified: February 3rd, 2014 by Johnathon Fox In today’s lesson I am going to walk you through what a typical day in my trading life consists of. Two common questions I get asked are; what does my daily routine consist of and do I sit at the computer screen all day long. To give you guys an insight into what a typical trading day really looks like and answer these questions and am going to give you a run through my … [Read more. ] Daily Routine of Forex & Futures Trader Johnathon Fox was last modified: March 10th, 2016 by Johnathon Fox One thing I love doing through this site is speaking and helping traders, which I get to do most days of the year. There are many different personalities that are attracted to trading, with some people taking trading very seriously and others not so much. There are the personalities that can just not get enough information and will search and search and search and whilst … [Read more. ] How Badly Do You Want to be a Successful Forex Trader? was last modified: August 14th, 2013 by Johnathon Fox This article is going to change the way you think about your trading and also the way you approach your trades. One of the biggest reasons losing traders are losing is because they do not understand some of the key principles of the market and also because they do not approach the market with the correct mindset. No matter how great a trading system a trader may have, they … [Read more. ] Transform Your Forex Trading With a Profitable Trading Edge was last modified: January 26th, 2016 by Johnathon Fox When people first come to trading and in particular Forex the first thing they look to do is find the shiniest and fanciest trading system they can get their hands on. The thinking goes that if they can just find the latest and greatest system all their dreams will come true and the millions will come rolling in. Whilst a solid and profitable trading method is needed to … [Read more. ] Forex Money Management That Actually Works! was last modified: March 6th, 2016 by Johnathon Fox Many traders like to see themselves as professionals or business people. Many of these people are business people or industry professionals outside trading and have high power job roles. When it comes to trading however, the actions that most traders take are far away from being professional and lean more on the side of a gambling. I talk to traders everyday of the year … [Read more. ] Stop Blowing Your Money Gambling on a Live Forex Account was last modified: August 13th, 2013 by Johnathon Fox In my time helping people to learn to trade I have come across many different personalities and characters. Although traders all have their own personalities, the more and more people I help with their trading, the more and more similarities start to arise in why they are failing and not achieving the goals they wish to. Some people are simply not suited to trading for … [Read more. ] Learn to Trade Profitably and Forget the Fancy Office was last modified: August 13th, 2013 by Johnathon Fox 99% of traders start out holding the same beliefs and on the same trading path. In particular, there are two main beliefs that have the power to hold the new trader back for a long time or until they realise it and let them go. These two beliefs are; Somewhere out there is some fancy super secretive system that people are using to make millions every day with little … [Read more. ] If You Want to Win at Forex, You Have to Learn How to Lose was last modified: August 13th, 2013 by Johnathon Fox Today’s article is about something we all want to do that is; Make a lot of money and make it fast! I don’t know anybody that did not choose Forex trading for the fact that the amount of money to be made is pretty much limitless. The funny this is that whilst nearly all are drawn to Forex trading to make money fast, it is only those that have commitment to their … [Read more. ] Make Huge Money Trading Forex was last modified: August 13th, 2013 by Johnathon Fox Special note: This is one of the most important articles you are going to read here at Forex School Online. It is my hope that after reading this article you will be able to think about your trading differently and change your trading mindset for the better. After reading this article I would love to hear about your experiences and thoughts on trading psychology in the … [Read more. ] The Real Reason Forex Traders Fail | Think and Act Like a Pro was last modified: August 13th, 2013 by Johnathon Fox This article is going to cover the charts we use at Forex School Online and also how traders can change the time frame on their MT4 platform to anything they like. To spot and trade the same signals we trade at Forex School Online it is very important that you use the same charts we use. Forex is not centralised like many other markets and there is no official open and … [Read more. ] New York Close 5 Day Forex Charts & Change Time Frames MT4 was last modified: December 6th, 2015 by Johnathon Fox 2013 has finally arrived and we have said goodbye to 2012. What is 2013 going to look like for you? Is 2013 going to be the year you said goodbye to all the trading mistakes and started trading like a professional. or are you going to sit there doing the same things day in, day out that you did during 2012. If you continue to take the same actions and make the same … [Read more. ] Turn Your Trading Around in 2013 was last modified: August 13th, 2013 by Johnathon Fox Most people say they treat their trading like a business, but the truth is they don’t. This article will discuss how to run you’re trading as a business, and what you need to start thinking about if you want to become a full time trader. Trading Forex professionally is much more than just having a sound strategy that makes money! The strategies you are about to read you … [Read more. ] Professional Forex Trading is More Than Making Trades was last modified: January 23rd, 2014 by Johnathon Fox How to Grow a Small Account Into a Big One Trade for a Living A major problem with many aspiring traders is that they want a large trading account, but are stuck trading a small one. This article is going to cover a few truths and what you can do to make that small account into a big one. Many traders have the end goal of wanting to trade full time for 100% of their living. Whilst this is a respectable goal to have, it does not … [Read more. ] How to Grow a Small Account Into a Big One Trade for a Living was last modified: August 13th, 2013 by Johnathon Fox How You Can Make Money Perfecting Only 1 Setup – A True Story The following story is a true story about a trader I both know and have helped. For this article the traders name will be Rob. Hopefully you can learn and take something away from the success that Rob achieved by doing things differently to most traders. Trading One Setup at a Time When Rob was … [Read more. ] Make Money One Price Action Setup at a Time – True Story was last modified: December 14th, 2013 by Johnathon Fox One of the biggest mistakes traders make is to keep chopping and changing from Forex system to system. Quite often traders will trawl through a ton of forums and find the next system they think will bring them the profits they seek. The trader will then try a new system out for a week and at the first sign of the system making a loss, they will dump it and move to the … [Read more. ] Stick With Your Method and Think Like a Casino! was last modified: September 21st, 2014 by Johnathon Fox All the articles I write here at Forex School Online are designed to help traders learn something they can implement in their trading straight away. This article is exactly the same and is going to give you five profitable Forex trading tips that you can start applying to your trading right now. These five principles of Price Action Trading will hopefully start to change … [Read more. ] 5 Secrets to Profitable Forex Trading was last modified: January 20th, 2014 by Johnathon Fox The one thing every trader needs is a professional trading journal. Forex trading is a business and the more you begin to take your trading seriously and treat it as the business it is, the quicker you will begin to see results. At the bottom of this article I have attached a trading journal set out as a spread sheet you can use in your own trading. This has everything you … [Read more. ] Why You Need a Trading Journal – Example Journal Included was last modified: December 6th, 2015 by Johnathon Fox One of the biggest myths spread around the Forex world is that 95% of traders fail to make money. Traders no matter how limited their experience, seem to all have heard the same myth! I have no idea where this started but I have a very good idea of why this myth continues on today and will continue on for a long time to come. There is one major thing all unsuccessful … [Read more. ] Do 95% of Traders Really Fail? was last modified: May 28th, 2014 by Johnathon Fox It constantly amazes me when talking to traders and they work out profit or loss in pips. A common question I get asked is “how many pips should I make trading price action?” Or another example is “should I have a minimum pip profit target each month?” What the traders asking these questions fail to understand is pips don’t determine whether you are profitable or … [Read more. ] Start Thinking in $ and Not Pips! was last modified: March 26th, 2014 by Johnathon Fox Many traders, both new and the experienced, fail to understand one of the most important rules to the Forex market. This rule is – “We can never be 100% sure of what anything will do!” Do a quick search in any forum and you will soon see traders the world over looking for a system that is 100% accurate. They want to know exactly what is going to happen, and they even want … [Read more. ] Why NO Forex Trading Method Can Be 100% Successful was last modified: September 21st, 2014 by Johnathon Fox Аналитические обзоры Форекс Представляем Вашему вниманию ежедневно обновляемый раздел аналитики, который ведут для Вас профессиональные аналитики компании ИнстаФорекс. Каждый из специалистов, представленных в разделе, проводит аналитические обзоры в соответствии с его видением текущей ситуации на международном валютном рынке Форекс. Однако все представленные ниже обзоры не являются прямыми рекомендациями или поводом для действий, а несут в себе исключительно анализ текущей ситуации на валютном рынке. В некоторых случаях мнения аналитиков на какие-либо изменения в текущей ситуации рынка могут расходиться, в этой связи, мы рекомендуем Вам следить за публикациями только одного аналитика, который на Ваш взгляд наиболее ясно и верно оценивает ситуацию на международном валютном рынке Форекс. Подписаться на рассылку Оформить подписку на Форекс аналитику Хотите получать Форекс аналитику на Ваш почтовый ящик? Оформите подписку в режиме онлайн и получите ежедневные живые обзоры от профессиональных аналитиков компании ИнстаФорекс. Вы сами сможете выбрать аналитиков и виды технического и фундаментального анализа рынка Форекс, которые будут приходить на ваш электронный почтовый ящик каждый день. Держите руку на пульсе рынка Forex вместе с ИнстаФорекс! Фундаментальный анализ Фрактальный анализ Волновой анализ Технический анализ Фондовые рынки Свечной анализ Индикатор Ишимоку iTrader Expo – MARCH 26TH Posted in: January 22, 2014 by Gran Layson | Comments are closed Interested in leading tendencies in Forex and Binary industry, but don’t have an opportunity to fly to London, Singapore, New York…? iTraderexpo.com is the solution. The iTrader Expo is largest 24 hour virtual expo taking place March 26th 2014 that will connect brokers with traders from around the world in a simple intuitive and user friendly virtual platform. The expo will feature live lectures and workshops from leading industry professionals as well as a large source of educational resources and materials. See schedule The aim is to deliver an online platform where traders from across the world can attend without leaving their home or office and conduct business exactly how they would at any physical exhibition. Why iTrader Expo? - Attending is 100% free, all you need is a computer and internet. & # 8211; Attend from anywhere in the world on any computer or tablet. & # 8211; Interact with over 100 forex and binary option brokers. & # 8211; It is extremely time efficient and cost effective – traders can log in and out when they like for the whole 24 hours. There is no travel time – no lost time away from the office. Logging in and out when a visitors pleases means they can attend the conference sessions they want with out the crush of the physical expo. & # 8211; Over $1,000,000 in promotions and exclusive offers and prizes. & # 8211; Interact with attendees and exhibitors via chat and webcam. & # 8211; Attend lectures & workshops from industry professionals. See Speakers – Network with traders and industry professionals. & # 8211; Become a more educated trader from attending lectures. Registration is open and organizers expect over 5 000 visitors on the day. There are no reasons why a trader or IB will NOT attend! forex exchange in erode Currency fluctuations hit Singtel in the third quarter despite the telco recording growth across the board. MAX KEISER says the U.S. DOLLAR is FINISHED forex exchange in erode. Market-Maker – A dealer or broker that provides a two-way quote (i.e. a bid and ask price) for which the dealer agrees to buy or sell. Offeringboth sides of a trade literally "makes" a market for those wishing to engage in currency trading. OANDA is an example of a forex market-maker. Forex exchange in erode. On indigenisation of banks, Gono said he read about the issue from the media, but the matter was yet to be officially communicated to the centralbank. Forex exchange in erode - Read more Read more forex exchange in erode MT4 Indicators | Learn Forex Trading | Forex Articles | List of Brokers |Forex Friends | Advertise | RBI Guidelines | Contacto forex exchange in erode. Learn Forex Trading in Erode, Learn Forex. Forex trading classes in chennai, Forex trading. Before deciding to trade foreign exchange you . A IMPORTANT MESSAGE FOR FOREX BEGINNERS & UNSUCCESSFUL TRADERS If you want to Learn Forex Trading, then you have come to the right place. Classes Especially For Beginners and unsuccessful traders.Luckily you've come to the right place. Our goal is to provide a wide range of information on currency trading and to provide you a superbmanaged account service with a useful starting point from which to explore the world of foreign exchange trading. “We would welcome that kind of statement as long as it does not destabilise the banks and financial sector. Let me reiterate that the governor and histeam subscribe fully and energetically to the necessity of transferring general wealth to the majority of the people as defined in the indigenisationlegislation as it was the whole essence of our liberation struggle.” FAP Turbo is The Absolute Best and Most Complete Income Solution for People Who: Video forex exchange in erode Risk Warning: Forex Trading is considered as High Risk / High Reward Business. The investments in the forex Trading is exposed to high risksand should be traded only with Risk Capital. There is no system which can guarantee profits in forex trading. Forex exchange in erode make money. He added: “However, we are not saying the central bank will support recklessness. The RBZ Act Chapter 22:05 section six obligates the governor of thecentral bank to be adviser to the government on financial matters and so, if any transfer of wealth or money were to be done, we are obliged to giveadvice. The Exchange Control Act requires that all transfers and settlement of property between parties resident in Zimbabwe and externally shouldinvolve the Central Bank.” Learn How to TRADE Like a Professional from the Comfort of your Home. The Brazilian real has declined 13% this year and the Turkish lira has slipped about 10%. "Factories in emerging economies thathave to buy parts using U.S. dollars will see profitability worsen," said Kohei Takeuchi, a director at Honda. ShareInvestor subscribers has full access to this article. ShareInvestor subscriber, please login to read the 18 remaining paragraph(s).(forex exchange in erode make money.|) Forex Training in Chennai Forex Trading | Madurai Forex Trading | Trichy Forex Trading | Tirupur Forex Trading | coimbatore Forex Trading The real market place for spot fx is not always moving, it’s the retail forex brokers that are leveling the field for us to trade on. For example you are used to a 1-2 wide spread on say the eur/usd but the true spread with the liquidity provider may be 100 wide. So the broker sends all its eur/usd long trades to their liquidity provider who gives the broker a price and then simply requites the trade next. Meaning the long eur/usd trades may have been a winner but the bank just re-quotes the price on their books never seeing a loss. I am just saying, not zero sum market. But that’s ok, we are looking to be 50 percent right with good 2:1 risk to reward and that’s done everyday in the market place. Q: I am new to trading the forex. In a recent training, it was suggested that we start out by looking for 40 pips. My question – where should the stop loss order be placed if we are just looking for 40 pips? A: I like using at minimum 2:1 risk to reward, thus I would use a 20 pips for my stop but when actively trading. This way a stop loss order can be set at -20 pips and money management would still give you a 2-to-1 risk to reward. Q: I know I should be using a stop loss. Here is my mistake… I had a profitable position; I let the trade ride and then the pair changed direction while I was away from my computer, so now the open position is -80 pips. What trading advice would you recommend at this time to make the best of the bad position? Keep it open and wait or close it and take a loss? I am generally an active trader. A: This is the biggest single mistake any new trader can make. First I can’t give specific financial recommendations, so you know your mistake; let’s figure this one out. For me here’s what I would do and maybe take this as a bit of “next time” advice. If you find yourself down, you want to do things quickly. First do a sweep of the market, by viewing 15, 60, 180 min interval charts and daily (short). See what is actually taking place in the market. I would want to know if I was trading with the trend or if simply in a retracement or quiet time in the market. If so, I would ride it out. If I was clearly with the trend, it should sort itself out. It may also be wise to set a stop below the last low or above the last high, depending on the trade direction. Lastly, I would see if any major economic data is due out relating to that pair. In today’s volatile business and economic environment, there are tens of thousands of people who have decided (for a variety of reasons) to leave the corporate world and enter a more entrepreneurial situation. There is no one sure method of guaranteeing a profitable business, but if you lack the passion and the ability to put together a structured business plan, your odds of creating an enterprise that even has a slight chance of survival is extremely slim. There are many key forces that can help you design and build a business that is not only profitable but will also offer your specific customer base something it can use or want. Consider your personal interests before deciding on the eventual product. For me, it was trading and teaching people the intricacies of trading various financial markets, specifically the Foreign Exchange. It was something that interested me considerably and it allowed me to develop a business that people from around the world could use to increase their quality of life by becoming successful traders. Planning will encompass a lot of things. Creating a business plan that maps out your company’s structure, financial assets and liabilities, the values and standards that your company will embrace, as well as your vision for the future. This is by no means a comprehensive list of what to include in a business plan. Study the methods of putting a successful plan together; perhaps find others who have already done so and personalize their methods by creating an exclusive corporate direction that would work best for you and your company. Business owners who can plan for short- and long-term events and goals are also more likely to succeed. Consider how you can make a distinction between your products and services from those being offered by your competitors. An effective entrepreneur must be proactive, inquisitive, and totally dedicated to the job at hand; traits that will offer a better shot for future success. Having said that, remember it’s your personal interests and passions that will guide you when deciding what your entrepreneurial venture will look like. Maybe you’re an expert at bookkeeping or perhaps you love to cook. As long as you are passionate about your product or service, you will have a much better chance of success than you would if you were lukewarm about your business. You have probably heard it said that if you enjoy what you do, you will never work another day in your life. If you enjoy something, you’re more likely to stick to it and put in the hours necessary to make a real attempt to build a new and successful venture. Make no mistake about it, you will have your problems and you will experience ups and downs along the way but never give up. There is nothing more rewarding than doing something you enjoy, while helping others through your unique product or service. Let me finish as I began – planning and passion are the keys to making sure you get your entrepreneurial efforts off to a positive start. Without those two traits you may as well not even begin. So, look deeply into your personal desires, goals, and abilities and start moving forward with your plan. Small business runs the economic engine of this country; your planning and passion has never been needed more than it is today. I wish you all the best at your future success. Most everyone today uses the Internet on a daily basis to the benefit of their personal lives as well as their businesses; but is “Big Brother” watching? If some powerful figures in control of major Internet sites have their way in the future it is certainly a possibility. The Internet has never been totally anonymous based on the IP address read by the sites you visit. But the ways in which you send emails to friends and associates or conduct business (online banking, bill pay, etc.) allows for some anonymity today to protect personal security and, as some advocate, freedom of speech. Randi Zuckerburg, marketing director of Facebook (and sister of Facebook’s founder Mark Zuckerburg) recently took part in a panel discussion on this topic and said she believes that Internet users should not be allowed to hide their identities when using the Internet. She told the panel, “I think anonymity on the Internet has to go away. I think people hide behind anonymity and they feel like they can say whatever they want behind closed doors.” Remember when you signed up for your first email account, you had to come up with a name you would use. Some people actually used their “real” names without thinking twice about it but, I think you’ll admit, most people developed some type of anonymous Internet pseudonyms (something like [email protected]) to hide their personal identities to everyone but friends and families. The former head of Google, Eric Schmidt, also believes Internet anonymity is a real threat and called it a “dangerous” problem and, in his view, something the government will eventually be forced to regulate. As a matter of fact, Google was criticized recently for a policy that insists that individuals use their “real names” on their new Google+ social media website. There is evidence that a number of Google+ users, who used a traditional anonymous Internet name rather than their “real name,” not only had their Google+ account cancelled, but all associated Google accounts closed for failure to maintain the policy of using actual names. Google apparently is taking this very seriously. Those who advocate full disclosure on the Internet are insisting that more online abuses and illegal activities are definitely possible because people are currently able to conceal their identities behind these non-descriptive Internet monikers. Proponents of a full disclosure policy on the Internet believe that anonymity allows criminals and sexual predators to more easily stalk their potential victims. By hiding their identities they can easily and “innocently” gain access to chat groups that protect the identities of their members thus making it easier for criminals to target their victims over the Internet. Privacy is an issue that we tend to guard with all of our might. So many personal records today (banking, medical, personnel) are transmitted over the Internet and, I believe, should be guarded and genuinely protected. Law enforcement and government agencies also must maintain a semblance of privacy to keep information away from the “bad guys” and secure local, state and national security. Keep this in mind. If Internet anonymity is critical to you, there are ways to protect yourself. You might want to consider disabling the “cookies” settings on your computer. Cookies are text that is sent to the browser about the Internet sites you visit. This information is stored by the server and sent back to the site each time you enter the site. Cookies also contain important information like passwords and login information that are considered a privacy risk by most Internet users. There are a number of web browsers that will automatically delete all cookies when you close your browser. Might be a good idea to find one. I am certain that Internet anonymity will be a topic of discussion for many years based on the massive growth of social and business Internet sites like Facebook, Google+, and LinkedIn, which are specifically designed for the exchange of information; sometimes very personal information. Consider this, if you were walking through a “dangerous” part of town you would probably remain very aware of your surroundings. The same applies to the Internet; just be careful of the information you provide on the Internet to maintain as much personal security and privacy as possible. But it’s more than that; although the idea of Internet anonymity may protect us from possible personal hazards, this idea will also diminish our personal freedoms guaranteed by our country’s most cherished documents (the Declaration of Independence and the Constitution) which have formed the values of the country we live in today. We are a country that prides itself on hundreds of years of freedom, among them freedom of speech. It’s a very hot topic to keep your eye on in the months and years ahead. ExactTrading More at www.exacttrading.com from Paul Lagham. In this video take a look as I explain how I trade the one minute and five minute time frames on the EURO/USD timefarme. I explain that I am always look for potential reversal points. I explain these in my More at www.exacttrading.com. Free Price Action trading webinars –sign up here or drop me a mail at paul @ exacttrading.com for more information about my training packages and trading advice courses and webinars Becoming an expert Price Action Forex trader takes some skill and a lot of understanding on the Forex markets. Fortunately the necessary Read More More at www.exacttrading.com. Free Price Action trading webinars –sign up here or drop me a mail at paul @ exacttrading.com for more information about my training packages and trading advice courses and webinars Becoming an expert Price Action Forex trader takes some skill and a lot of understanding on the Forex markets. Fortunately the necessary Read More More at www.exacttrading.com. Free Price Action trading webinars –sign up here or drop me a mail at paul @ exacttrading.com for more information about my training packages and trading advice courses and webinars Becoming an expert Price Action Forex trader takes some skill and a lot of understanding on the Forex markets. Fortunately the necessary Read More Introduction to Forex Price Action Trading for Beginners trading double tops In this video I welcome you to the world of indicator less Forex price action trading! You can see more at my web site www.exacttrading.com Have you ever wondered how to trade or even how to define a double top, then this is a Read More Introduction to Forex Price Action Trading for Beginners Price action Trading In this video I welcome you to the world of indicator less Forex price action trading! You can see more at my web site www.exacttrading.com If you are new to Forex trading of FX as it is known, then you will be well advised Read More More at www.exacttrading.com. In this video I review the trading which took place in the EURO/USD on the 23rd Feb Understanding how the market maker’s playbook works is imperative to the way I trade. In this video we had students taking 40 pips out of moves where only 49 pips were on offer, which is Read More More at www.exacttrading.com. In this video I review the trading which took place in the EURO/USD on the 22nd Feb. This was day after the decision by some of the conservative party in the UK to go against their Prime Minister and vote for a BREXIT. Whilst this should not really have affected the Euro Read More More at www.exacttrading.com. In this video I review the trading which took place in the EURO/USD pair during December 2016. At exacttrading.com my job as the owner and founder of the company is to show people how I look to trade the London Forex session on a daily basis. Rather than letting the market entice Read More More at wwww.exacttrading.com In my daily analysis. today I look at the London reversal on the Forex market EURO/USD. As we noted in yesterday’s video the majority of day’s morning and opening London activity are highlighted by the fact the market professionals move price in the opposite direction to the ultimate direct=ion they want Read More Mensajes de navegación This site uses cookies to enhance your experience. By continuing to the site you accept their use. More info in our cookies policy. ACCEPT The QQE Envelopes forex trading strategy can be deployed as a scalping strategy. It is effective in offering multiple trading signals during the day’s session. As a scalping strategy, buy and sell ideas are frequently processed taking cognizance of this trading system. MetaTrader4 Indicators: RainbowMMA_06.ex4 (width & color modified), Envelopes.ex4 (width & color modified), QQE.ex4 (default setting) Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours Recommended Trading Sessions: All Currency Pairs: any Buy Example (click the image for full size): The following conditions or rules define a long entry: If price bars bounces off the black colored lower Envelope line on its way upward and breaches the RainbowMMA_06 custom indicator, with a bullish candle opening and closing above the RainbowMMA_06 custom indicator lines, this is an indication that sentiment favors bullish trend. If the blue line of the QQE custom indicator crosses the 50 level upward, it is an indication that price is pushing its way upward and as such a bullish trend is on course. Stop Loss for Long Entry: Place stop loss ≥3-15 pips away from entry price. Exit Strategy/Take Profit for Long Entry Watch out for the following conditions or rules are pointers to an exit or take profit strategy: If price bars touches the green colored upper Envelope custom indicator, an exit or take profit is advised. If the blue line of the QQE custom indicator cuts the 50 mark downward, this signals a reversal and as such an exit or take profit should be triggered. The following conditions are needed to be in place before initiating a sell order: If price bars bounces off the green colored upper Envelope line on its way downward and breaches the RainbowMMA_06 custom indicator lines, with a bearish candle opening and closing below the RainbowMMA_06 custom indicator lines, this is a pointer that price is heading southward. If the blue line of the QQE custom indicator crosses the 50 level downward, it is an indication that price is pushing its way downward, getting us set for a bearish trend.. Stop Loss for Sell Entry: Place stop loss ≥3-15 pips above from entry price. Exit Strategy/Take Profit for Sell Entry The following chart/indicator pattern will clearly define our exit or take profit rule: If price or candlestick hits or touches the black colored lower Envelope, it is indicative of an exit or take profit for the position(s) entered. Watch out the blue line of the QQE custom indicator, if the line dips below the 50 level as seen in the indicator window (refer to Fig. 1.1), we’re advised to exit or take profit on position(s). About The Trading Indicators The RainbowMMA_06.ex4 custom indicator is the sixth GMMA forex indicator in a series of eleven indicators that are put together on the Guppy Multi Moving Average. The RainbowMMA_06 is made up of EMA (23), EMA (21), EMA (17), EMA (15) and EMA (14). Envelopes on the other hand is built on moving averages and is also termed the Moving Average Envelopes. The indicator has the moving average set to 20 periods, while the upper and lower Envelopes are set to 0.10% deviation. The indicator can be tweaked to find the most desirable setting. The QQE MT4 custom indicator uses three lines that oscillates around the central 50.00 level in defining overbought and oversold levels for an asset. In our case we measured buy and sell signal by referencing the line of the QQE and its orientation above or below the 50.00 level respectively. QQE Envelopes Forex Trading Strategy. 10.0 fuera de 10 sobre la base de 1 evaluación Artículos Relacionados: Tag Archives: Automated Forex The Leo Trader Pro robot is a Neural Network based automated forex trading software. In the following Leo Trader Pro review we will examine if this EA is better than other currency trading robots or if it is just another forex scam. The best systems out there will try to dole out a unique approach to trading. All of them have a particular strategy that helps the system determine the best points for trading. The classic indicators have been used extensively so far in all of the Expert Advisors that we see in the market. These robots follow backtesting on historical data which is why most of them fail in a few months time. What the trading world needed was a new system with a different strategy altogether. Trading Strategy of Leo Trader Pro The Leo Trader Pro is based on an advanced technology where it makes use of neural networks when analyzing market patterns and processing price action data. This is more like a logical thinking path that the system follows where it does not merely make use of historical patterns but also incorporates analysis of the current market information. This means the system is able to imitate human thought process and offers a more accurate trading decision that is not solely reliant on indicator readings. What is Leo Trader Pro? Touted to double your deposit each month, the Leo Trader Pro developers claim that you can get more than 100% profits each month from this Forex robot! There are some more capacities that only this Leo Trader Pro has differentiating it from the other currency trading robots around it. One such ability is trading 2 currencies simultaneously. This actually means that this EA does the work of two robots for you! Pares De Monedas. Even though you can trade every currency pair with it, the most recommended are USD/ CHF and GBP/ JPY. The reason why most people who used EAs for sometime and then went back to manual trading was that the bots were unable to adapt to the changes in personality of the Forex market. Leo Trader Pro solved this issue. Their neural network does not use past data but with the present data, it acts like a human mind would. In fact, it goes beyond and extracts patterns and detects trends that even a human mind or computer would find too complex to detect! This is the reason why this amazing robot’s claim to fame is the ‘game changer’. Leo Trader Pro gives proof This is the first ever publicly offered Forex robot launched at the International Traders Expo in Las Vegas. The systems at the Expo are exposed to critical study by industry experts and if it did well, it should be good! The automated system provides an Account Investor Password and you are allowed to access the account number 1331. This is a first that an investor account is open to public access. Anybody can try it and see the workings of this neural system. This account number 1331 is validated by Jani Hjerppe, CEO of FinFX. Proof that this system works couldn’t be more real! The simple fact that the creators of this breakthrough innovation are in the public eye and not hiding behind a fake name or online account makes them quite believable. The disadvantages of the system The original version of Leo Trader pro was getting frequently crashed on MT4 platforms. However this is corrected in the updated version now. Most people have loved the system so far and the proof offered is certainly going down well. However, the only hitch so far is the price for the system which sells at $149 as compared to $77 or $97 for other robots in the market . Actualización. The current discounted price is $67 Forex Morning Trade System by Mark Fric is a simple to learn, yet highly profitable forex trading system. In this Forex Morning Trade review we will examine what makes this system and EA better when compared to other automated forex robots . FX Morning Trade System : Mark Fric developed this mechanical forex trading system which takes only 10 minutes a day and is simple. After trading almost 2 years using this system Mark decided to create a Forex EA as well and give it away for free for all his clients who buy Forex Morning Trade System. Forex Morning Trade Bonus #Bonus1: Forex Morning Trade EA Free For those who want to automate their trades, you will get the Forex Morning Trade robot for free. The Expert Advisor uses the same rules of manual trading, but trades automatically for you. This is very convenient if you are living in a different time zone. #Bonus2: Trading Journal . You will get access to Marc Fric’s own trading journal, where he trades this system day by day on a live account. How Forex Morning Trade System Works? Forex Morning Trade uses “London open” principle, which means opening the London forex market at 08:00 GMT. The ForexMorningTrade system is designed to work with GBP/USD currency pair. It is a verified fact that the forex market is most active during the first two hours of the London market. Open your trading charts before the London market opens (6:30 Hrs London) and with the help of the forex indicators provided you will able to identify if the trading conditions are met. Then at the start of the 06.30 candle enter in trade accordingly. If you live in a country where you can trade during the opening hours of UK market, then you can trade manually. On the other hand if you can’t stay awake during this time period, use the Forex Morning Trade EA and let the robot trade on auto-pilot. $$ Forex Morning Trade Tips : Maintain the lot size untouched at 0.1 and also make sure you have the right GMT offset according to your forex broker, both on indicator and EA with allow trading option ticked. Forex Morning Trade Questions: Does it work for other Currency Pairs? The system is designed for GBP/USD currency cross and the tests show that it is the most profitable currency pair to trade with Forex Morning Trade system. You could try other currency pairs but you may not get the same results. Do I need MetaTrader4? You can use the indicators available on any forex platform to trade using this system. However you need MT4 to use the Forex Morning Trade custom indicator that comes along with the system. Most of the Forex Brokers have MT4 platform. Get Forex Morning Trade System & Robot The Forex Pip Stack or Forex PipStack is a complete automated forex trading system developed by BFG marketing group. In this Forex Pip Stack review we will take a look at the key features, ease of use and final report based on performance and actual Forex Pip Stack customer reviews. Pares De Monedas. Forex Pip Stack robot supports EUR/USD, AUD/USD, USD/CHF currency pairs. Time Frame . 15 Minutes What is Unique about Forex Pip Stack? There are many strategies to make money on forex market. Some traders might want to do long term traders, while most of the others prefer day trading or scalping. Forex Pip Stack is equipped with 5 forex trading strategies which suits your trading style and currency pair. These five trading strategies of Forex Pip Stack robot are Market Swing XL, Scalp XL, Hedge Elite 2.0, Turbo Trend and Round Bound strategies. You can see more detailed explanation about each of these below. 5 in 1 Forex Pip Stack System FAP Turbo is one of the few profitable forex robots available commercially. In fact the success of FAP Turbo robot resulted in big influx of new forex robots though most of them failed miserable. Despite of the fact the FAP turbo got proven results; if you search on internet or forex forums for a FAP Turbo review you will find mixed responses. Some traders swear that FAP turbo is the best one in the market while others complain that it doesn’t work. Why is it so? The answer lies in FAP Turbo settings of individual trader. The experienced trader would try different currency pairs. tweak the FAP Turbo settings to test and analyze the results. Eventually they will come up with the best FAP Turbo settings to make money with forex trading. If you are just starting out forex trading with FAP turbo you might want to know the best FAP turbo settings straight away. Naturally the first thing you probably did was searching on internet and forex forums for settings of FAP turbo. Beware! Many of the free information floating around on internet are inaccurate and fake. You don’t want to risk your funds by entering the wrong settings inside FAP turbo robot. Unless you trust the person, do not believe anyone who is offering free FAP Turbo settings on forex trading forums. Moreover Steve, the creator of FAP Turbo expert advisor often updates the software and the old settings may not give good results on a newer verion. So the next question you probably have is, “Where can I find the best settings for FAP Turbo robot?” That’s exactly what I am going to tell you. Recomanded settings for FAP Turbo Robot Rob Casey, the author FAP Turbo Expert Guide regularly updates the settings for this highly profitable forex robot. You can see the latest FAP Turbo setting by Rob here.. . My suggestion is to go with Rob’s optimum settings though you might have to spend some money to get it. It is better to pay for the best FAP Turbo settings guide than spending countless hours on testing by yourself or losing all your money in your forex account by entering some fake settings you found on a forex forum. Traders who are interested in automating their forex system are always observing how the best performing robots work. Sometimes you don’t need to build the best performing tool from scratch. Instead you just need to get hold of the best available tool in the market and improve it make it a winner. At the Forex Robot World Cup, this exactly what happened. The master forex trading EA, Fusion V 1.1a Royal Trader or the Fusion-V1.1a Robot is finally ready. What is Fusion V 1.1a Robot? Fusion-V 1.1a is an automated forex trading robot developed by the FRWC team in Forex EA lab. In fact the Fusion-V 1.1a robot achieved an amazing 355.46% profit in just 19 days with 226 trades. Why is Fusion-V1.1a Forex EA so powerful? The FRWC developed this robot very systematically. First they organized the Forex Robot World Cup competition. Once they have identified the top 5 forex robots, the FRWC lab combined it into one single master robot called the Fushion-5 1.1a. This is a very power forex robot since all the benefits of the best Forex EAs from championship is merged into one single robot. From February 16th you can get the Fusion-V1.1a robot by clicking the above button. How is Fusion-V 1.1a Robot better than the Forex Robot World Cup Winners? In Fusion-V 1.1a EA, the trading rules of the Forex Robot World Cup Winner robots have not altered. That would be a stupid thing to do because these robots have proved to work well. The team from FRWC lab built exclusive money management rules in Fusion-V 1.1a robot that proportioned the risk more evenly. Fusion-V 1.1a Bonus Buy the Fusion-V 1.1a Robot by clicking the link below and win exclusive bonus worth $197. Bonus Details: Automated Forex Success Secret: – A detailed blueprint on how to setup automated forex robots and make tons of money. Online Forex Manual: – A forex trading bible which contains everything you need to know about earning big profits with online forex trading. Step by Step Forex: – A step by step guide for new traders to absolutely win trades without losses. How to Claim the FRWC Bonus? Click the link below and by the Forex Robot World Cup royal trader Fusion-V 1.1a. Sent a copy of your purchase receipt using the comment form below. I will personally contact and send you the bonus. The GBPBot forex Expert Advisor is set to be released in the market on 23rd Ferurary 2010. Update: GBPBot postponed the launch date to 9th March. Not sure why the release is delayed. You can see the latest updated of GBPBot here . You might start receiving lot of emails and big promotional messages from 15th Februray onwards. Meanwhile I am in the process of getting some inside access for you guys to investigate the truth about GBPbot and its performance just like I did for USDBot. I need to make sure if GBPbot is scam or does it really work as they claim. Anyway here are some quick facts about GBPBot forex robot. According to the developers, GBPBOT works on multiple currency pairs and a standard 1 Minute Timeframe. The GBPbot is designed to gain maximum profit regardless of the market condition by analyzing the trend and enter into trade accordingly. You can download GBP Bot and install the Forex Expert Advisor in a matter of minutes and let the robot run completely on autopilot. The developers claim that GBPBot is designed in such a way that even new traders with no experience can make money using this automated forex robot. Will GBPBot stand up to the claims? I am going to find it out and will report back to you guys very soon. Is Forex Cash Evolution a scam? It seems like we have a new forex trading EA (expert advisor) or forex robot released on every month. But does it really work? Let’s find out in this Forex Cash Evolution review below. What is Forex Cash Evolution? Forex Cash Evolution is an automated forex software (forex robot) which will run on autopilot to do all the trades for you. The whole system is based on Jeff Miller’s proven mechanical trading system which can hit trades with 92.5% accuracy. Ease of Use: Forex Cash Evolution is very easy to use. You just have to click your mouse buttons few times and hardly need 3 minutes to setup the forex cash evolution robot and it will right away start working to make profitable trades for you. Gone are the days where you will have to sit in front of the monitor and make frequent telephone calls to do the currency trading. With the help of automated currency trading software any currency trader can make the most of their investments from the lucrative forex market. The foreign exchange market is now bigger and more liquid than all stock markets in the world added together. Utilizing automated forex software tools can help you make the most of this enormous opportunity with ease. Now before you experienced traders argue that automated forex trading doesn’t work and manual trading is the only way to go, I do agree that manual trading has its advantages. In fact I would advice everyone who is new to forex to learn how to trade manually so that you know the forex market and the basics of currency trading. Similar to all speculative forms of investments, currency trading is risky and the more you learn about it, the better you will be prepared to overcome the risks. Shielding your funds with risk management is one of the most essential skills that you can have as a forex trader. When you trade manually you will learn to manage your risk and learn how to handle the funds. Of course you don’t have to spend your hard earned money for this; since you can learn manual trading from a demo account, which is provide by most forex brokers now. Advantages of Automatic Currency Trading Automated forex trading has its advantages when compared to manual trading. However successful you may be in the forex market as a manual trader, you cannot expect to observe several currency pairs simultaneously and never miss few excellent trading opportunities. This is where automated forex trading software can help where the software keeps track of the market and do the trades automatically whenever there is good trading opportunity. The software as you can imagine, cannot make speculations like the human brain. Instead the automated currency trading software will work according to the set instructions given by you. This is actually an advantage since forex software is not affected by human emotions like fear and greed. Once you setup the forex software it will keep working round the clock identifying trends and trading on behalf of you. This way you can automate your successful manual trading system and work more efficiently. You can utilize the free forex platform Metatrader 4 and set this up. However you either need software knowledge or have to hire a programmer who can create automated currency trading software according to your needs. If you are an expert trader I would suggest you to go this route since investing some cash to create an automated trading system will increase return and save time. Nevertheless, if you are just a beginner at forex trading you might not want to invest lot of money for developing custom forex software. Instead you can buy forex robots like FAP Turbo which are readily available in the market. While these software programs may not match completely to your existing trading system, you adjust the various setting including stop-loss to setup the software according to your requirements. Use the automatic currency trading software to trade with ease to make big profits Top Rated Forex Robots Even though the last two trading sessions have been relatively range bound, we believe this is going to be an exceptionally busy week in the global FX markets. As usual, the US Non-Farm payroll release on Friday will get top billing but there are other potentially market moving events from the other major economies. These scheduled releases include the Bank of England meeting, New Zealand unemployment and Canadian trade numbers. However, as we have noticed over the last quarter, the real trade action has been driven by comments from Central bank officials….sometimes scheduled, sometimes random. In this respect, there will be nine different US FOMC members making comments between now and Friday and, on the other side of the pond, ECB chief, Mario Draghi, will be speaking twice on Wednesday and again on Thursday. Whether the next series of official comments has any lasting impact on FX flows remains to be seen but we have noticed some technical developments which certainly could. After the sharp break lower to the 1.100 handle in the EUR/USD and push against the upper band at 121.00 in the USD/JPY, we expected to see a material increase in the net open short positions as measured by the most recent CME Commitment of Traders report (CoT). Surprisingly, the current report reflected net open short positions of only 106k in the EUR/USD and 34k in the USD/JPY. To put these numbers into historic perspective, when the USD Index posted its highest level of the year at 100.65 in mid-March, these figures were 240K and 180k, respectively. This data suggests that the USD will not be as sensitive to the type of position-squaring sell-offs which characterized the May to July corrective phase in the USD and may even take on an asymmetrical posture to dovish news going forward. Furthermore, the current 10-year yield spreads between the US, Germany and Japan are back at levels last seen in early March. The US/Bund spread is back out to 160bp and the US/JGB spread has widened to 186bp. Recall that these spreads had narrowed to 110 and 145 just 8 weeks ago. This suggests that even though the ECB, FOMC and BoJ may not move until December, bond traders in these markets are trying to get in front of the curve which should be USD supportive. In our last FX UPDATE, we suggested selling EUR/USD at 1.1035 for a 1.0740 target. Synergy FX still like this strategy and will add selling on a break of support at 1.0990 o/s with a stop at 1.1140. The USD/JPY has held the 120.00 level and given traders several chances to get filled at 120.30. Synergy FX urge patience in this trade since the BoJ didn’t make any explicit expansion to the current QQE policy. A break above 120.80 will signal that the consolidation phase is over and target the August high of 121.75. The RBA didn’t move on rates but maintained an easing bias at today’s meeting. We see scope for the .7250 level to trade as NZD weakness could support the Aussie on the AUD/NZD cross rate. Going forward, Thursday’s Retail Sales and Trade balance data should re-establish the bearish tone and target the .7090 level later in the week. The short GBP/USD suggestion was stopped out at 1.5415 on Friday but we still expect to see sellers show up in the pair in front of 1.5500 this week. Short-term traders can look to sell GBP/USD at 1.5475 for a 1.5290 initial target with a 1.5525 stop. Top Forex News Loonie Tries to Make Up Lost Ground September 26, 2014 at 10:23 Canadian Dollar by Miranda Marquit Canadian dollar tumbled yesterday, falling all the way below the 90 cent level against the US dollar, due to expectations for the global economy and to policy divergence with the greenback. Today, the loonie is trying to eke out gains against its major counterparts. Loonie is expected to see some degree of weakness against the US dollar and other major counterparts in coming weeks. Thanks to the fact that global stock markets are struggling a bit, and thanks to uncertainty over the economy, the Canadian dollar is likely to weaken. Yesterday, the loonie took a hit, especially against the greenback, as the US dollar rallied on expectations for policy divergence. The news also sent global stocks down, and this negatively impacted the Canadian dollar. No one is quite sure what the Bank of Canada will do next, but there are still questions about the stability of Canada’s economy, and concerns about what’s next for the housing market. So, for now, many expect that the loonie will remain relatively weak, even as it attempts to make up some of its lost ground. At 10:20 GMT USD/CAD is down to 1.1105 from the open at 1.1110. EUR/CAD is down to 1.4154 from the open at 1.4167. GBP/CAD is down to 1.8125 from the open at 1.8132. If you have any questions, comments or opinions regarding the Canadian Dollar, feel free to post them using the commentary form below. Forex Trading Terminology Forex Trading Terminology The Forex market comes with its very own set of terms and jargon. So, before you go any deeper into learning how to trade the Fx market, it’s important you understand some of the basic Forex terminology that you will encounter on your trading journey… Cross rate – The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.S. dollar, regardless of which country the quote is provided in. For example, if an exchange rate between the British pound and the Japanese yen was quoted in an American newspaper, this would be considered a cross rate in this context, because neither the pound or the yen is the standard currency of the U.S. However, if the exchange rate between the pound and the U.S. dollar were quoted in that same newspaper, it would not be considered a cross rate because the quote involves the U.S. official currency. Exchange Rate – The value of one currency expressed in terms of another. For example, if EUR/USD is 1.3200, 1 Euro is worth US$1.3200. Pip – The smallest increment of price movement a currency can make. Also called point or points. For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01. Leverage – Leverage is the ability to gear your account into a position greater than your total account margin. For instance, if a trader has $1,000 of margin in his account and he opens a $100,000 position, he leverages his account by 100 times, or 100:1. If he opens a $200,000 position with $1,000 of margin in his account, his leverage is 200 times, or 200:1. Increasing your leverage magnifies both gains and losses. To calculate the leverage used, divide the total value of your open positions by the total margin balance in your account. For example, if you have $10,000 of margin in your account and you open one standard lot of USD/JPY (100,000 units of the base currency) for $100,000, your leverage ratio is 10:1 ($100,000 / $10,000). If you open one standard lot of EUR/USD for $150,000 (100,000 x EURUSD 1.5000) your leverage ratio is 15:1 ($150,000 / $10,000). Margin – The deposit required to open or maintain a position. Margin can be either “free” or “used”. Used margin is that amount which is being used to maintain an open position, whereas free margin is the amount available to open new positions. With a $1,000 margin balance in your account and a 1% margin requirement to open a position, you can buy or sell a position worth up to a notional $100,000. This allows a trader to leverage his account by up to 100 times or a leverage ratio of 100:1. If a trader’s account falls below the minimum amount required to maintain an open position, he will receive a “margin call” requiring him to either add more money into his or her account or to close the open position. Most brokers will automatically close a trade when the margin balance falls below the amount required to keep it open. The amount required to maintain an open position is dependent on the broker and could be 50% of the original margin required to open the trade. Spread – The difference between the sell quote and the buy quote or the bid and offer price. For example, if EUR/USD quotes read 1.3200/03, the spread is the difference between 1.3200 and 1.3203, or 3 pips. In order to break even on a trade, a position must move in the direction of the trade by an amount equal to the spread. RBI’s attempts to stabilise rupee depletes Forex by $1.40 bn: Experts Mumbai, Dec 26 (IANS) Efforts by India’s central bank to arrest the depreciation in rupee value depleted the country’s foreign exchange reserves (Forex) by $1.40 billion in the week ended December 18. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the Forex reserves stood at $351.10 billion for the week under review. Market observers cited the central bank’s attempts to arrest the fall in the rupee’s value, as the main reason for the depletion in Forex reserves. “The massive depletion in the foreign reserves can be attributed to the US dollar selling by the RBI to stabilise the rupee value,” Anindya Banerjee, associate vice president for currency derivatives with Kotak Securities, told IANS. “The rupee value had been dented during that week, on account of the US Fed’s FOMC (Federal Open Market Committee) meet which decided to raise key interest rates.” For the previous week ended December 11, the country’s foreign reserves had risen by $407.9 million at $352.50 billion. The rupee value was dented during the period preceding to the FOMC meet, as foreign funds went on a selling frenzy in the domestic equity and debt markets. On a weekly basis, RBI’s attempts paid-off as the rupee strengthened by 49 paise at 66.40 (December 18) to a US dollar from its previous close of 66.89 (66.8850) to a greenback (December 11). The data with stock exchanges showed that the FPIs (Foreign Portfolio Investors) bought stocks worth only Rs.19.4 crore in the week ended December 18. Nevertheless, the FPIs had taken out Rs.23,352 crore during the period August-September. In November alone, the foreign investors off-loaded stocks worth around Rs.9,000 crore. The foreign currency assets (FCAs) which constitutes the largest component of India’s Forex reserves dwindled by $1.36 billion to $328.26 billion in the week under review. Apart from the US dollar, FCAs consists of nearly 20-25 percent of other major global currencies, securities and bonds. The individual movements of these currencies against the US dollar impacts the overall foreign reserves’ value. Notwithstanding the fall in overall Forex kitty, the country’s gold reserves remained stagnant at $17.54 billion. Gold reserves had plunged by $1.14 billion at $17.54 billion during the week ended December 4, as international prices crashed to a six-year low. However, the special drawing rights (SDRs) were lower by $24.3 million at $3.99 billion. Similarly, the country’s reserve position with the International Monetary Fund (IMF) slipped. It fell by $7.8 million to $1.29 billion. [Week #9] February 22nd – February 26th Singapore & US Market Outlook SG SESSION (Trading Along Upper Box Range) The Straits Times Index rallied +4.6% (+116.92 points) during the week, erasing the earlier two weeks of losses. The price movement of index over the last 2 trading days broken the resistance of the Box Range support/resistance region. Do note that the two breakout candles, earlier mentioned, are classical Bearish Reversal Candlestick Patterns. This signifes a unconvincing breakout of the resistance level, indicating a potential retracement of STI for the coming week session. The levels to watch for the week is 2,695 window resistance level, along with immediate support level at 2,520 horizontal support established in 2011 September. US SESSION (Rebounded from Major Support Zone, Double Bottom Formation) The S&P500 rallied +2.9% (+53.88 points) during the week, rebounding from the key support level highlighted during the previous week. At current junction, S&P exhibiting a trend reversal Double Bottom Formation (Bullish). The key critical levle for the breakout of this Double Bottom Formation is at 1,950 level The levels to watch for the week is 1,950 immediate resistance level (Double Bottom Breakout level), along with immediate major support zone of 1,810 range. 5 things to watch on the economic calendar this week 1. Revised U.S. fourth quarter growth data (Friday) The data is expected to show that the economy expanded by a modest 0.4% in the final three months of last year, downwardly revised from a preliminary estimate of 0.7% and slowing from growth of 2.0% in the third quarter. 2. U.S. durable goods orders for January (Thursday) The report is expected to show that orders for durable goods jumped 2.9% last month, following a drop of 5.0% in December, while core orders are forecast to inch up 0.2% after falling 1.0% a month earlier. 3. U.S. January consumer confidence (Tuesday) The major market players expects the index to fall to 97.3 from 98.1 a month earlier. 4. Flash euro zone PMIs for January The euro zone is to publish preliminary data on manufacturing and service sector activity for January at 9:00GMT, or 4:00AM ET, amid expectations for a modest decline. Ahead of the euro zone PMI’s, France and Germany will release their own PMI reports at 8:00GMT and 8:30GMT respectively. Meanwhile, the Ifo research institute will publish a report on German business sentiment at 9:00GMT on Tuesday. 5. U.K. Q4 GDP – second estimate (Thursday) The report is forecast to reveal the economy grew 0.5% in the three months ended December 31, unchanged from a preliminary estimate. [Free Monthly Seminar!] Registration for the next Monthly Universal Principles of Successful Trading & Market Outlook Seminar for 25th February Thursday Evening is now open! Rablesh Kumar Forex Trading Has Never Been Easier Before Now you can invest in Forex Market easily without going into the complexities of it using our MARLIVE Automated Trading System (MATS). MATS can trade on the Forex market 24/24, because Forex market operates in multiple time zones, so it can be accessed at almost any time. MATS monitors Forex rates 24/24 and trades on the Forex market automatically using API in accordance with trading strategies of many experienced traders we have included in it. 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Issues like Ireland problem, and latest Korea problem can give severe jerks to it in coming days. But who cares for fundamental issues when we can analyze technical chart in simple way. Here is EURUSD chart on time frame H1 for 24 Nov. 2010 I'm using here Doda-Donchian indicator posted earlier few days back. The price closes below Doda-Donchian line on 22-Nov-2010 at 13:00 and that was signal for short-selling. The result is around 300 pips profit in 2 days. Not bad at all. Just want to add one more line here. Investors are generally afraid of using higher time frame like H1 or H4 and stick to M15 or even M5 chart. The result, you very well know, is loss of money and confidence. Just open your mind and try to learn something new. You can always try these on your demo account before you apply them on real account. Got any queries. Ask now and I'll be happy to answer them. Los que encontraron esta página estaban buscando: (Visited 216 times, 1 visits today) The USD composite index, which measures the value of the USD relative to the world’s major currencies, finished 2005 up 13%, marking the best year for the dollar in almost a decade. The USD might have recorded its best year since 1984 if not for weak housing data, which was released this week. The data, which indicated sales of new and existing homes both declined in November, could be a harbinger for a downturn in the housing market. Over the last few years, the US economy has remained strong partly due to low interest rates, enabling consumers to borrow against the rising value of their homes. As the Fed has raised interest rates, consumers have predictably borrowed (and spent) less, which could spell trouble for the US economy. The Fed will certainly take this into account when it decides whether to raise interest rates next month. Reuters reports: “What the market seems to be focusing on are U.S. home sales, which were quite a lot weaker than what people were hoping for. This is definitely weighing on the dollar via what people think that might mean for interest rates.” In an unconventional move, South Korea has announced it will restrict access to real-time forex data to a select group of banks, in order to stem what it has deemed ‘excessive volatility’ in the Korean Won. For years, South Korea has overtly intervened in forex markets in order to maintain a cheap currency. However, as the Won has appreciated nearly 5% in the last three months, South Korea is now turning to a les cut-and-dried method for depreciating its currency. The nation’s Central Bank apparently believes that using delayed forex quotes will limit speculation and increase liquidity. The Korean Herald reports: Under the new trading system, companies and offshore traders will not be able to access the real time information shared by foreign exchange banks. All the currency transactions among nonbank market participants will be made based on the “reference rate” among foreign exchange banks. In a recent press conference, the ECB’s representative from Belgium hinted that the ECB is ready to raise interest rates for the second time in as many months. When questioned about current interest rate levels, he stressed that rates cannot remain low forever, much to the chagrin of many EU politicians, who want to be certain the EU economies are on solid footing before the cost of borrowing is increased. The Belgian representative also expressed his confidence in the recent performance of the EU economies, and stated that it was important that the EU continue to keep pace with inflation. Bloomberg News reports: [His] remarks on interest rates and his upbeat assessment of the economic outlook helped push up the euro from a two-year low against the dollar. In the beginning of 2005, currency traders and economists alike, predicted the USD would continue its decline against most of the world’s major currencies, due primarily to the burgeoning twin deficits. The USD’s strong performance in the last year, therefore, came as a surprise to many, and proved that even the most astute forex experts are rarely able to make meaningful forecasts. In reflecting on the USD’s upsurge over the last 12 months, currency traders have the benefit of hindsight. As the twin deficits ballooned, central banks predictably decreased their collective purchased of USD-denominated securities. However, private investors more than compensated for this shortfall. The Homestead Act, which offered tax breaks on the repatriation of foreign earnings, combined with an environment of rising interest rates, to further buttress the Dollar. The Financial Times reports: Warren Buffet went some way to proving his own adage correct this year, sustaining losses on the $20bn or so his investment company, bet on a falling dollar. But [he] is probably not alone in wishing his predictions could be prematurely buried this year. From 2001 to 2004, as the USD slid against most major currencies, the United Arab Emirates (UAE) considered diversifying its foreign exchange reserves into alternative currencies. While the USD’s strong performance in 2005 has relieved the UAE of the sense of urgency it had been feeling, the decision must still be made in the not-too-distant future. In total, the regions that comprise the UAE control over $23 Billion in foreign exchange reserves. While similar countries concentrate their reserves in a Central Bank. the reserves of the UAE are spread over numerous banks and investment agencies, in the form of cash, tradable securities, and private investments, which would significantly inhibit diversification. The Khaleej Times reports: UAE central bank foreign reserves are held virtually entirely in dollars, but an official said in July the bank was looking to convert five percent of its holdings into euros. As 2005 draws to a close, currency traders are taking a collective step back, in order to asses the performance of forex markets. Among the biggest losers, surprisingly, is the South African Rand. Having nearly doubled in value against the USD from 2001 through 2004, the Rand has depreciated 12% against the USD through December. The silver lining, as far as economists and fundamental analysts are concerned, is the marked decrease in volatility surround trading in the Rand, due largely to an increase in liquidity. Rand bulls are already looking to 2006, when GDP growth is expected to exceed 5% on the heels of strong capital inflows and high commodity prices. Reuters reports: Deepening liquidity also points to growing confidence in an economy which most analysts agree has been well-managed — especially by emerging market and African standards. This year, there have been two issues on the minds of currency traders that employ ‘fundamental analysis:’ global imbalances and interest rate differentials. While the last two posts attempted to bring clarity to the role of interest rates in forex markets, this post will explore the effect of widening global imbalances. The laws of economics imply that a nation experiencing a current account or trade deficit should witness a depreciation in its currency, so as to cheapen its goods and assets in the eyes of foreign consumers and investors, respectively. While the US twin deficits have soared to record levels, however, the USD has appreciated against a broad basket of currencies. The reason, as I have reported on numerous occasions, is tied to the continued willingness of foreigners to invest in the US. But is this phenomenon sustainable? Some economists have argued that these deficits are a natural outgrowth of globalization and/or a global savings glut; accordingly, they believe the current value of the USD is economically defensible. Other economists have adopted a more cynical outlook, arguing that foreigners’ current penchant for US assets will eventually wane, at which point the USD will plummet. Unfortunately, this is a debate that will not soon be settled, and it may be years before the sustainability or lack thereof of the current global imbalances can be measured. Yesterday, I reported that Central Banks are becoming more transparent in matters of monetary policy. As if on cue, today the European Central Bank and Bank of England offered separate insight into the directions of their respective interest rates. The ECB hinted that it would likely raise interest rates twice in the next year from the current level of 2.25%, while the Bank of England indicated that a cut in its interest rates would take place in March. The corresponding changes in interest rate differentials should benefit the Euro and hurt the British Pound. Reuters reports: But some analysts see U.S. rate rises stopping there. The latest report about the ECB is seen as likely to boost the euro. “It’s a reminder that not only the Fed but also the ECB is raising interest rates,” said one currency strategist. The principle of interest rate parity dictates that exchange rates and interest rates should move in opposite directions. In addition, when a country raises interest rates, it often experiences a surge in capital inflows, from investors who wish to earn higher risk-free returns. Likewise, currency traders and economists keep a close watch on interest rate levels, which often precede movements in forex markets. Fortunately, it seems central banks, which set short-term interest rates in most countries, are becoming more transparent. According to a new study, in the last decade, every major central bank has become progressively more open about its intentions for monetary policy, including inflation targets. In theory at least, currency traders should be able to count on central banks to unwittingly provide clues on the direction of currencies. The Economist reports: The Fed, for instance, has been publishing minutes of its meetings more speedily since the start of this year. Ben Bernanke, the Fed’s chairman-designate, favours an explicit inflation target. In the last few weeks, the Japanese Yen has appreciated 4% against the USD, prompting officials from Japan’s Ministry of Finance to declare that they will be monitoring the Yen closely for unnatural fluctuations. The announcement was widely interpreted as a hint that the Ministry would intervene in forex markets and prevent the Yen from appreciating further. American industry lobbyists, in turn, responded with a show of outrage, urging US trade officials to prevent Japan from tampering with the value of the Yen. The Jiji Press reports: Noting that Japan for years has massively intervened in currency markets to keep the value of the yen “artificially low,” he said, “Japan’s currency manipulation is a serious and damaging unfair trade practice that is causing permanent harm to the industrial core of the U.S. economy.” Several weeks ago, Chinese officials suddenly announced they had reason to believe China’s economy is much larger than past GDP figures indicate, and they immediately began amassing data and building models to prove their point. Yesterday, the same group of officials released a revised set of GDP figures, which raised the value of China’s economy by 17% and catapulted the country into 6th place in global nominal GDP rankings. Apparently, past GDP calculations had grossly underestimated the size of China’s booming service sector, which represents 41% of China’s economy. In addition, the new GDP figures reveal that fixed asset investment is actually at a sustainable level. In short, China’s economy is both larger and more structurally sound than previously believed. The Financial Times reports: The new, more rosy picture of economic strength could fuel calls from the US for China to revalue significantly its currency, which critics say is being held at a level that grants an unfair trade advantage. The US Federal Reserve Bank is currently in the process of raising interest rates. Meanwhile, the European Central Bank and Bank of Japan are preparing to begin implementing tighter monetary policies at unknown dates in the short term. The Bank of England, however, is moving in the opposite direction, having recently announced that it may cut rates in the first half of 2006. The Bank of England is caught in the unenviable position of trying to simultaneously manage a housing bubble, rising inflation, and slowing growth. Previously, Britain’s Central Bank had prioritized housing and price stability. This latest announcement, however, represents a change in tack. As investors price in the possibility of multiple rate hikes, the UK Sterling should add to its 6% decline against the USD so far this year. Bloomberg News reports: “The market was always complacent about the performance of the U.K. economy,” said a currency strategist at Royal Bank of Scotland. “Comments…play into the hands of a bad performance for sterling against the dollar next year.” When a nation runs a current account or trade deficit, the laws of economics dictate the value of that nation’s currency should depreciate proportionately to make its products and assets relatively cheaper for foreigners to buy. However, as the US twin deficits have exploded over the past few years, the USD has remained stable or appreciated against all major currencies. The explanation seems to be that foreigners are still more than willing to invest in the US and buy US securities, indirectly bridging the gap between domestic savings and investment that form a current account deficit. In October, foreigners purchased a record $106.8 Billion in US securities, which include stocks, bonds, and treasuries. The lesson for currency traders is simple: until foreigners tire of US assets, don’t expect the USD to depreciate. There is currently a fierce debate in the US Congress over the future of American fiscal policy. This debate has taken on a new significance as some projections for this year’s budget deficit exceed $400 Billion. Thus far, the bond markets and forex markets have largely ignored the prospect of a larger-than-expected budget deficit, as treasury yields and the USD have remained stable. The consensus is twofold: first, the budget deficit will continue to play a backstage in currency markets to the trade deficit and other economic indicators. Second, as long as foreigners continue to purchase US Treasury Securities, the budget deficit will remain a moot issue. CNN reports: If bond yields and the value of the dollar move this week, according to economists, it’s more likely to be because of signals from the Federal Reserve, or a Consumer Price Index report that shows inflation dramatically better or worse than current forecasts. In theory, the Chinese Yuan can fluctuate (read appreciate) by .3% per day. In reality, the Central Bank allows the currency to appreciate by less than .01% per day, which has limited the Yuan’s net appreciation against the USD to only .4% since the 2.1% revaluation in July. As a result, the G8 governments are clamoring with renewed vigor for China to further revalue. In fact, a rumor has been circulating that China will widen the Yuan’s daily trading bands to 1%, which would enable the currency to appreciate faster. Many analysts expect the Central Bank to announce such a move before the Chinese New Year on January 29th. Bloomberg News reports: “Given the track record of the Chinese government preferring to announce key policy changes ahead of long holidays, it’s convenient for the market to anticipate the next key move on the renminbi could come in the later half of January,” said one analyst. Rydex Investments has finally introduced its much-anticipated currency ETF. which is the first of its kind. Exchange Traded Funds (ETF), while very similar to trusts and mutual funds, trade on an exchange like shares of stock. One ‘share’ of this particular ETF is equivalent to 100 Euros, currently valued around $120. The ETF will rise and fall in synch with the Euro currency, so investors can buy or sell shares much like they would go long or short actual Euros. The downside to the ETF is that investors will be charged an annual management fee of .4%, assessed monthly. After adjusting for interest, however, this fee will likely be closer to .1-2%. Marketwatch reports: The Euro Currency Trust, with annual expenses of 0.4% of assets, allows investors to gain exposure to the euro currency, and could also be used as a hedging instrument. According to Rydex, the fund’s sponsor….the fund is eligible for short sale and margin purchases. This time of the year is traditionally among the least active for financial markets, as traders shut down their computers and spend a few weeks vacationing. Currency traders, however, may have to wait until next week to relax as a bevy of economic data is scheduled to be released in the next few days. Most importantly, the Federal Reserve Bank will meet tomorrow, and likely raise short term interest rates to 4.25%. The rate hike is almost a given; accordingly, traders are more concerned with Greenspan’s commentary, which should provide a window into future rate hikes. Inflation data, which plays an important role in how monetary policy is conducted, will also be disseminated. Next to be released are US trade and current account data, which are expected to indicate near-record twin deficits. Currency traders will likely look past this, however, if capital flows data (to be released on Friday) indicate continued strength in US capital inflows. Dow Jones Newswires reports: HSBC’s Lynch said the deficit numbers may not matter much in the markets, as long as the Treasury Department reports another strong month of capital inflows to the U.S. for October in its TICS report Thursday. A leading adviser to China’s Central Bank recently confirmed what many analysts have suspected for months: a revaluation of the Yuan or RenMinBi will likely take place over the course of the next 1-2 years. The advisor publicly warned Chinese firms to make the necessary adjustments, in order to prevent the revaluation of the Yuan from severely harming their prospects for success. While not indicating the size of the revaluation, Yu Yongding hinted that it would be significant, in order to help China rein in its burgeoning trade surplus. Reuters News reports: He said China’s big current account surplus, just like the large U.S. current account deficit, fundamentally reflected savings-investment imbalances in the two countries. “The rise in the renminbi’s exchange rate will definitely have an impact on China’s trade surplus.” In a recent report, Britain’s Central Bank warned that the nation’s economy would likely grow at a pace of 1.75% in 2005, which would represent the worst year of growth in over a decade. This latest forecast is significantly from earlier forecasts of 3-3.5%, that the Central Bank had released earlier this year. According to experts, rising energy prices are responsible. Others pin the blame squarely on the slowing real estate market, which has spurred a sharp decline in the consumption component of GDP. Ironically, other G7 countries, including Germany and Japan, are finally showing signs of growth. Britain’s economy, however, seems headed in the opposite direction. The Wall Street Journal reports: Calling 2005 “the toughest and most challenging” of his eight years as treasury chief, Gordon Brown blamed “a virtual doubling of global oil and commodity prices.” Spurred by favorable interest rates, currency traders have bid up the value of the New Zealand Dollar to a 20-year high in trade weighed terms. This week, however, the NZD was a dealt a major blow, as Standard and Poor’s announced that New Zealand can no longer sustain its massive current account deficit, which is approaching 8% of GDP. In addition, the Central Bank of New Zealand announced the end of its policy of monetary tightening. If the US, Europe, and Canada continue to raise interest rates, the New Zealand interest rate differential will become less attractive. As the old saying goes, ‘what comes up must come down.’ The Financial Times reports: The Australian dollar fell 0.7 per cent to A$2.3169 against sterling as soft GDP data strengthened a perception that Aussie rates have also peaked. As the Yen continues its 3-year slide against the USD, many American trade groups are beginning to cry foul, claiming Japan has taken steps to artificially depress its currency. At $842 Billion, the Bank of Japan’s foreign exchange reserves are currently the largest in the world. Some American firms believe this is a consequence of calculated intervention in forex markets- buying massive amounts of USD denominated assets in order to hold down the Yen and make Japanese exports seem more attractive. For the record, Japan insists that the Yen’s current value is the product of market forces. Not persuaded, American trade groups have begun lobbying the US Treasury Department to shift its attention away from China, and begin pressuring Japan to allow the Yen to appreciate. Reuters News reports: “There is no excuse for the G7 to get together and sit around talking about China when the currency imbalances and Japan’s policy of strongly encouraging that isn’t even discussed.” Last week, political pundits feared the worst when it was announced the Canadian Parliament had received a vote of no-confidence, and snap elections would be held next month. Currency traders, however, have reacted with indifference, sending the Canadian Dollar (Loonie) towards a 14-year high against the USD. Canada’s economy has boomed this year, on the back of record high commodity prices and strong exports. As a result, the Bank of Canada will likely to begin monetary tightening next week, by raising interest rates to 3.25%. If the Bank fulfills investor expectations by continuing to hike rates in the following months, the Loonie may continue to soar. The Edmonton Journal reports: “The employment picture is solid, GDP growth is better than the bank expected and the U.S. economy is still rolling. Some are beginning to wonder if the bank won’t soon pick up the pace of rate hikes.” Many economists and currency traders have suspected that the nations of OPEC (as well as other net oil exporters) were reinvesting the proceeds of rising oil sales into dollar-denominated assets. This theory was recently borne out by a release of official OPEC statistics, which indicate that OPEC nations have collectively shifted their forex holdings into USD. Specifically, 69% of OPEC forex reserves are now held in USD, which represents an 8% increase from last year. Many experts believe OPEC to be extremely sensitive to changes in interest rates. Accordingly, as the US Federal Reserve has repeatedly raised interest rates, OPEC nations have moved capital into the US in order to earn higher returns. The Financial Times reports: If interest rate differentials are key to Opec behaviour, the start of the eurozone tightening cycle could end the dollar’s newfound popularity. In a recent interview, the Finance Minister of Japan shrugged off claims that the Yen was undervalued and stated his conviction that the currency is consistent with Japan’s current economic situation. Japan’s economy has performed well in recent quarters, spurred by an increase in exports, which were in turn driven by a weak Yen. An influx in foreign capital has buoyed Japanese equities, and the Bank of Japan is currently mulling an interest rate hike. Meanwhile, the USD is moving towards a 3-year high against the Yen, and currency traders and economists, alike, are laboring to reconcile the increasingly positive outlook for Japan’s economy with the dismal performance of the Yen. The Japan Times reports: Kaoru Yosano, economic and fiscal policy minister, separately said the dollar’s surge was not so much due to economic fundamentals as to the fact that long-term interest rates are significantly higher — and climbing — en los Estados Unidos. In the last year, the Korean Won has soared against the USD, while the USD, in turn, has appreciated significantly against the Japanese Yen. In line with the laws of triangular arbitrage, the Korean Won has pummeled the Japanese Yen, appreciating over 30% in less than two years. As a result, Korean exporters are having extreme difficulty competing with their Japanese counterparts. While economic fundamentals still seem to support Won strength, a Japanese trade surplus should soon force the Yen back up. In addition, we could see South Korea’s Central Bank intervene in forex markets in order to hold down its currency. The Korean Herald reports: Along with the wider liberalization of the foreign currency market, a shift in the fresh global capital inflow into the European Union and Japan away from the emerging markets is expected to put downward pressure on the won next year. For the first time in nearly five years, the European Central Bank (ECB) has hiked interest rates, from 2% to 2.25%. Three weeks ago, Jean Trichet, President of the ECB, signaled that the ECB would likely raise rates at its December meeting. For that reason, the markets did not react strongly to the news. Moreover, Trichet cautioned investors not to expect additional rate hikes. 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Please follow the procedures below ; Create a directory on a hard disk drive Move the archived file to the created directory Double-Click the archived file The file will be unarchived on the directory File Format Data fields will be showed from the left on an unarchived file as follows: Date (yyyymmdd) Product Code (see above) Contract Month (yymm) Type ("0" for futures, "1" for Put, "2" for Call) Strike Price ("00000000" for futures) Night Session *Opening *High *Low *Closing *Trading Volume Day Session *Opening *High *Low *Closing *Trading Volume Night & Day *Opening *High *Low *Closing *Trading Volume Settlement Price Open Interest Exercised Volume Average Volatility(since April 8,1996) Though TFX has made every effort to ensure the accuracy of information contained in this document and the statistical record files, TFX assumes no responsibility for any errors or omissions. TFX introduced Half-Tick Pricing on 26th October, 1999. 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With a truly consumer-centric approach, HSX Credit, with its intuitive website www.creditloans.com.sg. has been able to exhibit quite an enviable growth trend over the past few months. While the Quick Loans offered by the lender can be taken up for nearly any reason, ranging from buying clothes to going on a vacation, the Personal Loans are mostly good for taking care of important stuff, like paying medical bills, tackling education expenses etc. Apart from offering these two types of loans, HSX Credit offers a third type of loan, popularly known as Foreigner Loans. That is basically general loan, but given only to foreigners. This particular type of loan offered is perhaps the best part about HSX Credit, since Singapore is filled with foreigners from every corner of the globe. There are a number of reasons backing the growth of HSX Credit over the past few months. One reason is its fast loan approval process. That is, most loans are approved within just 30 minutes! Another reason is its willingness to customize payment terms on a borrower to borrower basis. Borrowing from HSX Credit is a good idea because of a number of other reasons, too. For example, the lender offers low interest rates that can be almost regarded as industry-leading; you get to use various payment methods for repaying etc. Note that HSX Credit encourage Read more » If you are in search of a reliable lender in Singapore, IP Credit may just be the one you are looking for. One of the few lenders approved by the Registry of Moneylenders or IPTO, IP Credit employs simplicity in everything it does, which is evident from its website www.expressloans.com.sg. Its values are dependable, and its ways are reliable. Primarily, the lender offers three kinds of loans, namely Personal Loans, Short-Term Loans and Foreigner Loans. Personal Loans are just that, general personal loans; foreigner Loans are special loans given to foreigners; and Short-Term Loans are equivalent to Payday Loans. Among the three main kinds of loans offered by IP Credit, the Short-Term option is especially popular. That is because the type has been designed to take care of unexpected urgencies, having loan tenure that is truly short, starting from just a week and going up to eight at most. All of the loan types are easy to obtain. Singapore is home to hundreds of good moneylenders, but IP Credit is not just another moneylender. Most moneylenders treat people from different backgrounds differently, but not IP Credit. Everyone is treated with the same level of sincerity and respect by this moneylender. Not just that, unlike general lenders who are often rigid in their ways, IP Credit is flexible. The lender has a team of consultants and employees that truly takes the time to understand the situation of a borrower well with the goal of offering the best personalized advice and assistance possible. Read more » Among the many SG money lenders that promise financial help during times of difficulty, one of the best is Power Credit. Commissioned by none other than the Singaporean government, Power Credit is not only very reliable, but also very flexible in its methods. From offering multiple loan types to dealing with each borrower on a very personal level, Power Credit really knows its job well. The various loan types you can get from Power Credit include both short-term assistance and long-term financing. The lender offers payday loans, personal loans and small business loans primarily, but you can apply for other kinds of loans, too. It even offers loans to foreigners and permanent residents. The only requirement is that the borrower must be above 21 years of age at the time of applying, and should hold a full-time employment. Notably, the trait that makes Power Credit stand out is its willingness to customize loans on a person to person basis. There are many reasons why you should consider borrowing from Power Credit instead of some other lender. One reason is that the lender adheres to the Singapore Government’s Moneylenders Act. But that is not the only reason why Power Credit is a good option. In addition to being safe and reliable, the lender approves most loans within just 60 minutes, offers very competitive interest rates, and truly tries to understand the situation of a borrower before customizing a loan. Even those who have low income, or bad credit, can approach the lender, because there is a big chance that their application will be approved! Even though many SG money lenders make it somewhat difficult to obtain loans by making use of complex ways, Power Credit is different. Its ways are extremely simple. In fact, so simple that even first time borrowers can easily understand the loan terms. Also, the application process is truly easy to comprehend and deal with, and involves only a few straightforward steps that can be completed within just a few minutes. If you use the form given in the official website, you can apply for a loan in less than a minute. Read more » In case you are in search of a top rated licensed moneylender in Singapore, you may want to set your eyes on HSX Credit. With years of experience in providing financial relief to borrowers, the lender has established itself as e of the most trusted Singaporean moneylenders. From having an expert consultant pool to great office ambience, HSX Credit scores high in nearly every department. A number of different kinds of loans are offered by the moneylender. Common loan types are available of course, but what sets HSX Credit apart from its competitors is its commitment to meeting urgent financial needs. The lender exhibits that commitment with the help of its Urgent Loan Scheme, which mainly takes care of urgent needs associated with medical expenses and education costs. At the same time, those who need regular loans have no reason to not contact the lender, either. Positioning itself as a top rated licensed moneylender is not easy for a financial institution, especially in a country like Singapore. Yet, HSX Credit has been able to do it due to its truly sincere efforts to help people in need of financial assistance. The institution does not discriminate between its borrowers, and that is one of the main reasons why people like it. Every borrower, regardless of financial position and other aspects, is given equal respect. In addition to that, you can meet a loan consultant easily by visiting the HSX Credit office in case you want to clear some doubts or need information about something you do not know much about. HSX Credit is not just another gimmicky institution that is all talk and no show. This institution really tries to help people in every way possible in financial terms. Besides, applying for a loan is not complicated when dealing with HSX Credit at all. You can either visit the office of the institution directly, or you can just shoot an email to get your loan application reviewed. It only takes about 15 to 30 minutes in order for an application to be approved. That is a really quick response time if you take some time to think about it. All things considered, HSX Credit seems like a good financial institution. There are many moneylenders in Singapore which are credible, but if you need money very urgently, then HSX Credit may come to your rescue more sincerely compared to almost any other similar lender. Other than that, this lender is especially good for those who need loans to take care of medical or education expenses. Clovis Moneylender in Singapore is one of the most trusted lenders of the country. With a number of different types of loans on offer and a very reliable past history, the lender has been able to earn trust of thousands of borrowers over the years. A huge number of people borrow from it on a regular basis. A strictly regulated organization in every way, Clovis Moneylender is sincere in its efforts and extremely understanding of borrower situations. What makes this lender special is its variety of loans on offer. If you are a foreigner working in Singapore, for example, you can take a loan from it under the Foreigner Loan Scheme. There is no reason to hesitate at all, as the lender has an office that is truly foreigner-friendly. If you are a native Singaporean on the other hand, and for some reason you need money when payday is far away, you can approach the lender too in order to apply for a Payday Loan. Other than that, even personal loans are possible to obtain for almost any reason you can think of. The reason people trust this moneylender so much in Singapore is because its ways are very safe. The organization is strictly governed by the IPTO and the MAS, so the chance of any fraud happening is almost non-existent. The lender allows you to pay using various payment methods, and everything about its ways and methods is legal. You can even obtain a loan if your profile is not too strong! In addition to that, more often than not, a loan request is approved within just 15 minutes of applying. Further, the lender does not make use of unethical practices like altering interest rate without notice, and the likes. Applying for a loan from the Clovis Moneylender in Singapore is an easy process, too. All you need to do is fill a form, and once you are done with that, wait for a while in order to receive an approval call. After you get the call, you then have to visit the office of the lender to fill in a few simple documents. When that is out of the way, it is time to collect your cash. Read more » Everybody has the right to own a house. However, it is not easy to buy one. Houses are really expensive and one way to get one is through a mortgage. The process of securing a mortgage is not quite easy. It is difficult to get approval for your application and sometimes you may not find an agreement that will offer you a comfortable mortgage rate. Bankruptcy is most times not the best option to take, debt consolidation loans is the better solution. If you already have equity in your home, this might just be the time for you to put under control your credit card debt. A bad credit Toronto loan can be used to clear all credit debt. The payment on second mortgages for those living in Toronto, Canada will be lower than payments via credit cards due to the amortization over a long period. Read more » If a proposal from Democrat Senator Herb Kohl finds its way into the financial reform bill, and if that bill is passed, the financial planning profession could soon be regulated. Currently there are no restrictions or laws governing people who call themselves financial planners. This is in stark contrast to other financial professions. For example, an investment adviser has to be registered with the SEC, and an insurance agent needs a license to sell insurance policies. There are many laws that govern what these professionals can and cannot do when selling their products or when providing a particular service. The concern is that with anyone being able to use the job title of financial planner, people could be duped into thinking that the advice or products that they are being sold is sound and would be beneficial to them. A person with hardly any expertise or experience about financial planning could make tall claims to consumers, and end up doing damage to their financial health. Icon Property. a real estate company specialising in sales, thinks that this is a legitimate concern and outlines why it’s important to get clarity on the situation. “ The legislation is being pushed by the CFP Board of Standards, which currently certifies financial planners. The board is worried that genuine financial planners are suffering because of the actions of those who practice this profession without the requisite knowledge.” The board wants to standardize the profession and enhance its reputation so that customers know what to expect from a financial planner. Such a move would benefit those who have gone through the right training to deserve to be in this profession. The bill includes various restrictions around the financial planning profession. First of all, it would ensure that financial planners are competent enough to be giving advice to consumers. This would stop spurious people from exploiting unsuspecting clients and raise the bar for aspiring financial planners. Only those who have been tested on the knowledge required to give sound financial advice will be allowed to practice this profession. Secondly, the bill would require financial planners to perform their fiduciary duty of protecting the interests of their clients and adhere to a strict code of ethics. They would also have to follow certain best practices. This would protect clients from exploitation, and if a planner intentionally ignores his duty, action could be taken against him. The bill would be good news for consumers if it can be passed. The financial reform legislation is facing strong resistance from the Republicans and there is no guarantee that it would get the necessary votes. Australian inhabitants and permanent Australian citizens might be qualified to be given the First Home Owner Grant when they are purchasing or constructing their first home . While your income and age will not limit eligibility to be given the First Home Owner Grant . you can still find requirements that must be attained. In many states and territories of Australia there is certainly a limit on the highest possible acquisition costs of the property you can purchase and still meet the requirements for a payment from the First Home Owner Scheme. The amount of money you’ll be receiving for your very first Home Owner Grant will vary in certain ways from state to state in the amount of money you will receive and if you are qualified which means you ought to make sure that you are making reference to facts precise to the state you are purchasing your first home in. You might also meet the requirements for an extra Grant if you decide to establish your first home or purchase off the plan. Once again, the sums offered will differ from state to state therefore it’s really worth checking out with your own state’s revenue department to be certain. Are there some other grants I might be able to obtain? The First Home Owner Grant is a federal government initiative. Every state has their very own various strategies and endeavors to make the purchase of your first home less expensive . Your current bank’s financial rep, your mortgage loan broker, or perhaps your conveyance might be able to assist you know very well what these assignments are, if you happen to be qualified and how to access all of them. Just how do I know when I am qualified to receive the First Home Owner Grant? Your state’s revenue department ought to have a thorough listing of the expectations and prerequisites you should fulfill to be eligible for the First Home Owner’s Grant . The home should also be your main place of residence; which is you have to reside at the property to be able to meet the requirements for the First Home Owner Grant. This indicates it has got to be your purpose to reside consistently at the home within 1 year of payment after which live there for a minimum of 6 months as your permanent home. On the other hand, it is possible to seek advice from your individual state’s revenue department to check if they provide additional initiatives for first home buyers. Are you wondering about the absence of IRS e-file refund cycle chart for 2013? The Internal Revenue Service is going for a major revamp this year, and is considering a state of the art, transformed system to deal with refund issues. In recent times, frauds related to tax refunds have cost both the taxpayers and the IRS millions of dollars. Desperate times call for desperate measures. The overwhelming cases of frauds forced the revenue service to look for other options in order to stop such cases of fraudulent behavior. In view of the spurt in the number of fraudulent activities, the Internal revenue service is becoming stringent with rules, regulations, and checkpoints for curbing this menace. A New Expectation for the Refund Cycle The refund cycle chart does not work in 2013 and this trend is going to continue in the next years to come. The degree of success the new system is going to achieve is a matter of speculation and we need to wait and watch. The refund cycle chart lets the taxpayer know the expected date of getting their refunds. This was in cases where direct deposit for refunds was chosen and true only for the electronic tax return filing. If you chose paper check and filed by mail, the refund cycle is a little more vague and definitely longer. About ‘Where’s My Refund’ ‘Where’s My Refund’ allows the taxpayers to track their refunds online. The first point that the taxpayer must know is that you should consult the refund tracker only as a last resort. The time duration for getting the refund varies in e filing and postal filing scenarios. Those who opt for e filing should wait for at least 3-4 weeks before tracking the refunds. On the other hand, taxpayers who go for postal filing of tax returns need to wait longer. This period may vary from 1½ to 2 months. This year, however, the taxpayers of both categories-electronic filing and check filing- have an indefinite wait since the IRS is tightening the noose this year on the fraudulent refund claimants. For e filers the tentative wait for refunds is approximately 21 days. In order to say for sure whether the new tracking system is going to work, the IRS will need to wait at least a year. The revenue services try their best to provide an ideal refund communication which is fast, easy to track and safe from fraudulent behavior. In this system instead of a deposit cycle estimation that gives the exact date for refund, the taxpayer can actually track the money. The system gives pithy yet clear messages for the communication of the three main stages of the refund process. This includes return received, approved, and sent. With pen and paper, this is a well-conceived process from all angles. The ‘return received’ message comes within 24 hours of acceptance of a tax return by the IRS in case of e filing and a month after in case of paper filing. Subsequently, you also receive the approved and sent messages as and when the time comes. If you are ruing the absence of IRS e-file refund cycle chart, wait for this new chapter of IRS refund tracking process to unveil itself in the coming years. With the ever increasing popularity of payday loans, a number of people are having their urgent financial needs met. No wonder these loans have received a great deal of attention from the institutions that deal with finances. The advantage one gets from this kind of loan is that the unforeseen essential needs of a particular individual are solved in a very short time. When one gets a medical emergency or an accident, and needs immediate cash, a personal loan may not be the solution to this problem. This is due to the fact that a personal loan may require a number of days before its approval. Payday loans come in handy in this kind of situation. There are many advantages that come with payday loans. Payday loans have few requirements Accessing payday loans is easy as compared to personal loans. Personal loans have many requirements and several rigorous procedures not found in payday loans. Payday loans have minimal requirements. Even if one is not a property owner, and has a bad credit record, one can still be given this kind of a loan. What one needs is a proof that one is employed and has an income. One must also be 18 years and over and has a bank account. This makes this type of loan easy to get. A short time is needed for approval It takes a lot of time to approve a personal loan due to the amount of paperwork that has to be carried out. Traditional lending systems cannot approve a loan which is between $1500 to $2000 in 24 hours and less. This is why payday loans do not compare to any kind of loan, especially when an individual has very limited time to get the cash required. However, the lenders of these loans are used to the practice of processing loan applications in a matter of hours. The repayment period is short With loans from lenders such as http://www.pay-dayloans.com.au the borrower receives the loan in the account immediately it is approved and disbursed. This loan requires an immediate repayment once the pay check is received. One may not therefore have time for extending the agreed repayment plan. The lender takes a high risk in giving out a payday loan. This also comes from the fact the lender is not guaranteed that the loan will be repaid by the borrower. This calls for a shorter repayment. Due to the shortness of the repayment period, one is not left indebted. The amounts are easily repayable The payday loans can be paid back easily because they are generally small, usually between $500 and $1000. Other lenders may be willing to give more than these amounts. Sin embargo; it is advisable to get a personal loan if one wants any amounts more than these. Less paperwork Payday loans have no paperwork because the transactions are 100% online. This has eliminated to a large extent, the amount of paper work personal loans have. With a click of a button, one’s financial stress can be lessened. Several sites offer access to the lenders who offer payday loans. This makes it easy for the borrower to compare the various interest rates and choose a suitable lender. Wipe our Debt (Photo credit: Images_of_Money) Debt is nothing new to humanity. As a matter of fact, it has been out there ever since the Biblical times. And although debt on its own is not a sin, it can become a huge burden you have to face daily. Most of the people nowadays get indebted for various reasons: they take a student loan, a car loan or a mortgage loan. But are long-term debts really worth it in the end? Moreover, are they actually bad, or is it us who make them look so “evil”? The short answer is this: no, long-term debts should not be an evil thing. After all, they are all about making a dream come true and about investing in your future. Leaving rent behind and living in your own home or investing in your education are, in fact, things you do for a better future (for you and your family). So, how to actually manage long-term debts? How to keep yourself focused not only for a few months (like in the case of short-term debts), but for years? The first thing you should do is to constantly remind yourself why you got there and how much it was worth it. A student loan can seem like a burden, especially if you are still in your 20s. But, in the end, it is something you had to do to increase your chances of better employment. In the same manner, buying a house is a long-term commitment to your lender that may feel like suffocating you at times. But then again, paying rent was not a good idea either. To keep yourself focused, plan ahead everything. Decide exactly how much you have to pay and decide whether you would like to do it step-by-step (by paying off lower amounts of money to your lender at a time) or if you would like to get rid of it faster (and thus make larger payments to your lender each time). Then, decide which cash loan you want to pay off first. the small ones or the big ones? Although it may seem like a good idea to start with the bigger ones, it may demotivate you over time. On the other hand though, starting with the small ones will make you feel like you are moving forward with the entire process. Remember to reward yourself with each milestone you have reached. And no, this does not mean you should over-spend your money (and thus get into debt – again). Small things such as a dinner, a day out of the city spent with your family or purchasing a small item can make you feel a lot better about the entire debt-relieving process. Deutsch: Indikator, wertpapier, Analyse, technische Analyse, Wertpapieranalyse, Forex, Charts, technischer Indikator, Chartanalyse (Photo credit: Wikipedia) Want to make some extra cash? Forex trading is what you probably need. While it’s true that Forex trading can sometimes yield amazing profits, it has one significant drawback: you need to stay gazing at your computer—or phone, in that case—for hours to capture the slightest change in the market. Luckily, ingenious software developers have now come up with Forex robots that can take care of the hard work while you sit back and enjoy life. Laying your hands on a good Forex robot review is the best way to gain success through Forex trading, especially if you’re really busy with other stuff. In a nutshell, Forex robots are specialized programs that can track changes in the stock and share markets, and conduct automated transactions on your behalf. The amazing speed and connectivity offered by modern computers, Forex robots can analyze enormous amounts of financial records and even predict future trends in the market. Although these robots haven’t achieved perfect artificial intelligence, they can work pretty well most of the time. Various robots may involve different capabilities and intelligent levels so that a comprehensive Forex robot review can easily help you figure out what you need exactly. Every year, dozens of new Forex robots hit the market. While many of them are for purchase, free robots are also available for download. Free robots like FxSpyder and Forex Tester are a good place to start if you’re new to Forex trading, and just want to poke your nose into the business to see what’s going on. Despite being somewhat expensive, Forex robots on sale may involve various advanced features and can yield better results. Forex Phantom, Forex Megadroid and IvyBot can be cited as some of the most famous robots which came up in the recent past. Updates of leading products are released each year, or more often during peak trading seasons. As we approach the dawn of 2013, Forex robot developers are getting busy with cutting-edge robots that can take automated Forex trading several steps further. Latest details about these innovations, sometimes accompanied by download links for demo versions, can be found through dozens of Forex robot reviews. Some popular review sites like livefxtests and Forex Robot Reviews can be quite helpful for beginners. Unbiased reviews can educate you about benefits as well as risks of using robots for Forex trading, along with comments of other traders who either succeeded or failed by using Forex robots. All this seems quite promising, and you may now be eager to begin your search for the best Forex robot coming up for 2013. However, before you make your decision, there’s one important factor to be considered: robots aren’t humans. If you totally depend on a robot to conduct Forex trading on behalf of you, the final results can be disastrous. Technology is not hundred percent perfect, and it’s advisable to seek the assistance of experienced Forex traders and consultants to gain optimal benefits. An ideal blend of technology and expertise is the key to success through Forex trading. English: Typical SMS forex signal, delivered to mobile phones. (Photo credit: Wikipedia) Forex trading is now becoming increasingly popular among the general public, as an easy way of making some extra cash. However, many novice traders are often annoyed by having to sit at the computer for long hours, just to make sure that they don’t miss the smallest opportunity for profit. If you’re one of them, now you can give yourself a break and recruit a smart robot to do the job for you. While this would have seemed to be unbelievable only a few years back, Forex robots have occupied a significant portion of stock and share market by now. Obviously, Forex robots can bring you fortune in many ways. First, they can work automatically without extensive human guidance. They are also specifically designed to analyze various records from different sources, predict any future trends and make the purchases accordingly. Since these robots never get tired, they can keep an eye on the market all the time and make quick and wise decisions even with the slightest fluctuation. Although they aren’t perfect substitutes for human expertise, they are great companions for making money behind the scenes while you’re working at your office or just enjoying life with your loved ones. With 2013 being only three months ahead, competitions for the best Forex robot in 2013 are already under way. Among others, Robot Forex 2013 Professional has gained significant attention. Remaining popular since its first release in 2009, this robot supports almost all Windows versions. Developers claim that it’s 95% accurate in conducting real-time transactions in a secured online environment. However, the best thing is that this expert advisor is available for free download. Over 37,000 Forex traders have downloaded Robot Forex by now, and many claim to have gained success through its use. Another candidate longing to become the best Forex robot in 2013 is FxSpyder. It’s available for download as a free demo version. Its significance is further enhanced by the fact that you can request the developer for a customized version of this robot in case you’re not quite satisfied. This is obviously an excellent opportunity, especially one that is quite rare in case of free software. FxSpyder is also a great place to start for novice Forex traders since it mainly focuses on sharing knowledge. Meanwhile, now there are also free simulators like Forex Tester 2 which can mimic Forex trading, useful for testing new strategies before implementing them in actual business. In addition to such free Forex robots, you can buy one of the several robots for sale at various websites. Forex Phantom is a simple yet elegant robot which can be equally helpful for novices and experts. Forex Megadroid is another product developed by the efforts of several experts, which incorporates latest market strategies. Others like Forex IvyBot, which were initially not very famous, are now gaining ground as successful robots as more and more people join Forex trading. When backed up by occasional supervision and expert human advice, such Forex robots will make you rich in no time. Image via Wikipedia You Can’t Afford Not To Read The Best Forex Robot Review As a trader, you know it is very important to keep up with the latest and best forex robot review information. There is a lot of money to be made and you have your own money on the line. It is a necessity that you keep yourself educated on what is out there and what is the best for you. The more information you gain, the better you will do in the market. Because the market is always fluctuating, it is essential that traders watch and review to stay successful and make the right decisions. Most traders do not make the time to watch and review so finding the best robot to help you is a must. If you have never heard of a forex robot, it is time for you to become familiar with the term. The robot watches the charts for you so you are able to get out and enjoy the money you are making. The robot is programmed to monitor the forex charts and alert you when it is time to sell or buy stock. The best forex robot review will help you find a robot that will fit with your personal needs. Individual robots do different things and you will need to decide where you need the most help and what type of forex trading you intend to focus on. To stay on top of all the traders in the market today, you need the best robot you can get. The best forex robot review websites offer details about each product on the market. You can read through the reviews and help you weed through the many choices. It will also keep you up to date on any developments and changes in the market or in an existing robot you may be using now. You can easily find out about upgrades to your existing robot or find an improved model to help you work more efficiently. Not taking the time to know all you can means loosing out on some really good trading options. Wasting time is wasted money and as a trader, you can’t afford either one. Moving to the top of the trader charts is not an easy task but with the right robot looking out for your interest, it can be a smoother ride. There is no way one person can monitor the charts all day, every day, but the robot can be your eyes and ears. Any forex trader needs to have a forex robot at their side to do what you cant. It makes your life easier and your profits rise. You know your competition has one and now you should too. Start reading the best forex robot review websites today and be the best trader you can be. Among the popular forex Meta Trader trading software Meta Trader 5 is the latest one. Recently this Meta Trader 5 is released in beta version. As a whole it resembles the previous version in interface and design. Meta trader 4 was popular because of its main features such as easy use and flexibility. If a person has multiple accounts it is easy for him to manage the accounts in Meta Trader 5. In the navigator the new accounts window quick and easy movement Image by matsubokkuri via Flickr between accounts is permitted. Hence there is no delay or trouble in permitting the employment which has different strategies and in different accounts. If a person want to have two accounts one for trading and one for scalp, it is not easy for him to change between the accounts for responding to the events of the market. Those who are active in trading admire this feature. The time saved because of the new addition pleased the long term committed investors. The interface focus is on the main window. In this main window one can display the multiple forex price action graphs or they can have a single large panel focused for trading of their pair easily. Some of the icons and buttons that are present in the MT4 are purposely not allowed in Meta Trader 5. But it will be implemented once again. Meta Trader 4 has already important technically analyzed collections of indicators. In Met Trader 5 a huge number of indictors that are new additions are great. The forex indicators are divided in to four groups in Meta Trader 5. They are named as Oscillators, Trend, Bill Williams and Volumes. Traders can store the developed or imported items in a fifth category of custom indicator. The access is fast and easy in the new indicator group. Among moverages the new trend indicators are the Adaptive MA, the Fractal Adaptive MA, the Variable Index Dynamic Average and the Double and Triple Exponential Moving Averages. Of all these the double exponential moving average has lesser lag and more accurate than the simple EMA. This advanced tool. Triple Exponential Moving Average has even less lag when compared to the Double exponential moving average. All these common exponential and simple moving averages are used for trend analysis. The Triple exponential Average is the latest addition among the Oscillators. TRIX has a triple Exponential Moving Average which oscillates around the centerline at 0. This indicator’s best advantage is its efficient filtering capacity. The Bill Williams are the new category of indicators in which the new Market Facilitation Index is added. According to the interaction between price, volume and the indicator itself signals are emitted from this tool. Totally there are seven new indicators are there in this Meta Trader 5. Meta Trader 5 also has advanced features also for those who want to do auto trading. It has a powerful expert advisor and advanced trading script. Though the Meta Trader 5 is in beta stage the final product is going to be a better version. Image via Wikipedia What it is all about. This is internet marketing software that enables you to set up an account and activate, then purchase a domain name and forward it to any affiliate link that you are promoting. This may take the form of a network marketing business opportunity, affiliate product or any other affiliate link that you may be looking to make money from. Functions of this system The main purpose of the Auto cash bot system is to alleviate the suffering of the internet marketing users in the following ways: it runs in the background creating back links in article directories, press releases, social media sites and blogs back to the domain link that you purchased and forwarded to your affiliate offer or business opportunity. It in effect brings or directs thousands of links to your domain creating the critical traffic that you badly needed. Performance and convenience Auto cash bot system has some solid marketing principles that are programmed into it. The system will come in handy especially when you need to generate more traffic and sign ups for your business. It is also a massively critical tool to recommend to new down line network marketing members to enhance quick building of their businesses. The success of this software will prove to be the ultimate key for network marketers and affiliate marketers, who are seeking new traffic generating strategies and tools. Cost versus performance The cost of $197 which will ultimately rise to over $ 297 after the launch is actually quite modest to say the least bearing in mind that you shall have at your disposal free search engine traffic going to your website 24/7 on virtual auto pilot. Although it is virtually new in the market, it is a product worth buying due to the immense benefits it is bound to give you. Challenges to the system. One of the challenges that the Auto cash bot review may encounter, is that of ranking numerous identical replicated websites of business opportunities and popular affiliate products in the search engines. But with the back-links that the Auto cash bot system will give your site; that should provide the way. There are also the skeptics who may think that this system is a prank. While there seems to be a thorough thought work that went into coming up with this system in terms of its creation and development, time will tell how efficiently it will work. It is however believed that its makers had the best interest at heart. Artículos relacionados Image via Wikipedia Forex trading is not something you can learn overnight. Just signing up for an account and doing practice trades might feel like enough, but lack of expertise might still be a problem when you finally go live. You might consider more training at a forex school. Most options are affordable. But they might make the difference between success and failure, so make sure you choose the right school and the right way to learn for you. Depending on the time you have available and your learning style, you might consider going to a real live class. There are seminars that are held in most major metropolitan areas of the United States, and there are even several community college or college extension programs that offer a live classroom experience. This could set you back some money, but it might be worth it. There are also live online training and coaching feeds that will log on with you when you start to trade, and talk you through the process. This is a good type of forex school for a person who might be slightly familiar with forex trading but doesn’t have much experience. You’ll get the chance to sit alongside someone virtually and take instruction not only from what they are doing, but how they are thinking. Also, if you are looking for good training materials to work with it helps to know that the coach you see on your screen proving his expertise is the one who’s authored those materials. Additionally, there is live one-on-one coaching if you need additional personal attention. This option can be pricey too, but if you don’t take advantage of all the options in training packages offered, you can make it more affordable. Finally, there are interactive online lessons that you can on your own time, in your own home or workspace, without any personal interaction. This is helpful for a person who has a lot of responsibilities during the day and can’t make it to either classes or training sessions. Forex school is like any other school – it takes time and dedication, but if you’re engaged during training hours doing other things, you’re not going to be able to take advantage of it. This is the most affordable option for additional forex trading but it can also be incomplete. If you are going to purchase online training modules make sure you really pay attention to every section and do any activities that are assigned. Finally, you could just spend more time on your practices trades. Most forex trading platforms have exhaustive tutorials and training modules that go along with your membership, so make sure you get your money’s worth out of them before you start trading. Learning forex is a new way of learning how to think. It takes time to master, practice, and sometimes extra training, but the benefits can really make a difference. For many people forex school can be the difference between failure and success. Image via Wikipedia Candlestick patterns are used as a tool in trading and was said to be first developed by the Japanese back in the 18th century who used it to trade rice. It is reliant and formed upon the high, low, opening, and closing price of the day. There are different types of candlestick patterns which can be categorized into 5 main types: Engulfing: This pattern has two different candles. The first day is a narrow range candle that closes down for the day. The sellers remain in control of the stock but they are not very aggressive. The second day consists of a wide range candle that “engulfs” the body of the first candle and closes near the top of the range. The buyers have overwhelmed the sellers (demand is greater than supply). Buyers are ready to take control of this stock. Hammer: You normally see a hammer pattern when stop loss orders take a hit at the close of the day. This is normally when you see the professional traders swoop in to buy shares at a lower price. Harami: the pattern for harami is opposite to the pattern for engulfing. On the first day you see a wide range candle that closes near the bottom of the range. The sellers are still in control of this stock. Then on the second day, there is only a narrow range candle that closes up for the day. The pattern is often confused with the engulfing pattern but it is important to remember they are in fact opposites. Piercing: This is also a two-candle reversal pattern where on the first day you see a wide range candle that closes near the bottom of the range. The sellers are in control. On the second day you see a wide range candle that has to close at least halfway into the previous candle. Those that shorted the stock on first day are now sitting at a loss on the proceeding the second day. This can set up a powerful reversal. Doji: The doji is usually the most popular candlestick pattern. The stock opens up and goes nowhere throughout the day and closes right at or near the opening price. It represents indecision and causes traders to question the current trend. This can often trigger reversals in the opposite direction. Even to this day candlestick patterns remain a powerful tool for stock traders to read the market and predict the pricing of stock. Forex Trading: In addition to stocks, bonds, property and commodities has positioned itself in recent years, another asset class in the considerations of private investors: Forex Trading is the investment landscape of the 21st century to stay. Forex trading is setting new standards: Around the clock and around the world active, liquid and infinitely faster than any other market, offers a new dimension of the Foreign Exchange trading. Not wrong, the foreign exchange market in the world as the fairest means: Amounts due to its immense size, the daily trading volume is around 1.5 trillion dollars – manipulation by individual actors are excluded. The currency trading does not take place at a central location but will be handled directly between market participants. Among these are found not only banks and insurance companies also countries and their central banks, institutions like the International Monetary Fund and institutional investors. The fact that even the ordinary private investor access to Forex trading is relatively new: the trading platforms specialist provider to act as market makers to offer their customers at all times and selling prices for the major currency pairs, private investors can at the ups and downs of Euro, Dollar and others to participate. The fairest market in the world is also in view of the necessary capital investment to its name: Unlike the stock or bond market, where at least five-figure sums for trading are required, investors trade in Forex trading even with 1000 $ or even less. There are already Forex brokers allow traders from 20 $ to participate actively in the foreign exchange market. Just the tremendous leverage Forex trading for small investors to make that interesting. Thus, a private trader, for example, with 500 $ currencies worth up to 50,000 USD or more action. This creates enormous profit in Forex Trading – but also a loss. It’s just not unusual for a trader from 1000 $ in a year reached up to 100,000 $ and more, successful Forex Trading. These include know-how (we offer not only basic analysis and also Strategieen) and the correct and reliable Forex broker, and a lucky hand. The different forex platforms offer the opportunity to work with large financial levers in the style of renowned investment legends and thus to generate immense profits. The handling is via the Internet from anywhere in the world of trading accounts available this simple and requires only moderate training. Unlike in other asset classes can benefit from Forex traders in any market situation of rising and falling markets alike – regardless of the economy and the situation on the stock and bond markets. Our recommendations to you to participate successfully in the Forex trading: & # 8211; Detailed study (high-quality ebooks reading, online courses, forex trainings, etc.) – Choose a reliable Forex broker (and get demo account) Start paper trading and trade so at least for onr months. Then start tradaring on your demo account. Do not hurry with your learning curve. Learning takes time and you have to build rock hard foundation.Poslušajte Are you tired of all the Forex robots with huge promises and pitiful actual results? Finally someone in the Forex market is doing something about that–The Forex Scam School–a series of free video lessons to help the Forex trader sift through the Forex robot choices. Three lessons reveal the top methods used to scam robot traders. If you have a Forex robot or are thinking about getting one, you should absolutely watch these free lessons. They not only teach how traders get scammed, but also show you that the scam isn’t ALWAYS a scam. See why a robot is not profitable … but rather just needs to be optimized. When using Forex robots, smart traders always use “best practices” and Forex Scam School will guide you to implementing those best practices for yourself. They save the best for last as in lesson three you will learn the most important scam revelation you must know about in order to dramatically improve your performance. Before you buy your next Forex robot, click here to watch these free videos first. You’ll be glad you did. Watching candlestick patterns is as old a trading technique as trading itself. According to Wikipedia, a candlestick chart is a style of bar-chart used primarily to describe price movements of a security, derivative, or currency over time. It is a combination of a line-chart and a bar-chart, in that each bar represents the range of price movement over a given time interval. It is most often used in technical analysis of equity and currency price patterns. They appear superficially similar to error bars, but are unrelated. But can you make money studying candlestick patterns? How do you know which trading products work and which ones don’t? Are automated systems better than manual systems? Read more » Forex software is essential if you are trading in the forex currency market. The days of calling up your broker on the telephone are long gone. Everything is done online now, over the internet. So to begin, you will need a computer of course. Most modern computers are fine (say, less than five years old) provided you do not have them so packed with other programs that they run very slow. For some software packages you will need Windows, or a Windows emulator if you have a Mac. Read more » The Forex market trades over $3 trillion every day and is open 24 hours a day and 5 days a week. Large international banks and hedge funds are speculating in the Forex market every day. The market trades from 20:15 UTC on Sunday until 22:00 UTC on Friday. Of course, trading volume is greatly enhanced because of the tremendous leverage allowed in the Forex market. Trading in London accounts for more than a third of the volume. You would think that liquidity would not be a consideration with a Forex robot in the largest and most liquid market in the world. Some Forex robots’ default settings limit trading to a few hours when trading volume and volatility is lower. The reason for this setting is to minimize false signals generated from an over volatile trading environment. Take the very popular Forex robot or EA, Fapturbo. I understand they have sold over 70,000 copies since they launched a couple of years ago. If just half of the ones sold are operating, you have a substantial number of traders engaged in a short, low volume, low volatility period in the market. That could negatively impact liquidity and results. If you are evaluating Forex robots, most will give you 60 days to put it through its paces. You should at least evaluate Fapturbo as it has had a decent track record, but be mindful of the trading window that they recommend. The Forex Megadroid Robot stormed into the Forex arena about a year ago. It’s proving to be like nothing seen before in this niche. People have been raving with excitement about this new breakthrough robot and it seems to be exceeding every person’s expectations in every possible sense. Donna Forex has even given it her highest rating so far and she puts every robot through rigorous real money testing. Read more » Forex robots have become popular among traders in the Forex market. For some traders, Forex robots are indispensable. Forex offers opportunities for traders to earn big profits but there are certain factors like emotions that can adversely affect your Forex trading results. Forex robots don’t have emotions and trade without being impartial or being biased when making decisions. Trade decisions are important since the Forex market is so volatile and changes could happen in just a matter of seconds. Quick reactions and decisions can mean the difference between a winning and losing trade. Read more » Forex robots are gaining in popularity and spawning a whole new industry. They are believed to provide numerous benefits to traders who are taking advantage of their money management, discipline and support capabilities. Forex robots are also known as Expert Advisors or EA. Why are Forex robots successful? As an expert advisor, Forex robots provide advice and information about when to buy, sell and close an open trade. The expert advisor interprets and identifies trading signals from analyzing the Forex market using algorithms either hard coded by the programmers or manually set by the user. What do they do? Read more » Forex trading is attracting more and more people especially since the world stock market crash of 2008-09. There is about $3 trillion turnover every day and more people are becoming interested. If you are a newcomer in this field, there are lot of things that you will hear from Forex gurus and “so-called experts,” like using Forex robots and other automated trading strategies. There are things that you need to know about Forex trading, as a beginner. Read more » The Forex market is among the most unpredictable and frequently changing markets. Although, this kind of trade is high risk, there are still a lot of people who are venturing into this kind of investment. There are a lot of experts who give advice to every newcomer in Forex trading, such using Forex robots, automated trading, or changing trading strategy. How can we separate the truth from the myths? Let’s start with Forex robots. What are the common myths about Forex robots and how can they be corrected? Read more » You might already have an idea what a Forex robot can do for Forex traders. Forex robot developers typically claim that this technology enables users to gain more profit, but aside from this, what other advantages can a Forex robot give? It is not unusual for a trader to a lose because of backing out of a trade that they think is going against them, only to find out after the fact that this trade would have made them money. Emotions can influence traders and make them indecisive. This psychological factor is actually one of the major problems a Forex robot addresses. Read more » There are few ways how to win and gain profit on forex trading. Of course we all have are own ways and not all of us can use someone else’s way. But hopefully, my advice can guide and help you. The best way i know is not overdoing it. This means keeping your margin high with low amount of lots to avoid margin calls. Read more » Exchange Money Conversion to Foreign Currency (Photo credit: epSos.de) Sure, we have yet to hit 2013, but people that want to make serious money are already on the lookout for the best Forex Robot in 2013, after all, the quicker they can jump on the bandwagon, the more chance they have of making money over somebody else who is a little late to the party. Whilst many robots are still under testing, there are a few that are causing a bit of a stir in the currency trading world, although for the most part remaining a bit secret. In this review we are going to take a little look at the best Forex robot in 2013. One of the better Forex Robots I have spotted thus far is the FREE Robot Forex 2013 Professional . Without a doubt this has offered me some of the best tips and tricks for trading currency online. I have scored a 95% success rate with all of the trades I have put through this, and whilst I am still experimenting, this has managed to earn me a nice bit of cash. This uses MetaTrader 4 to function. Downside of the Robot Forex 2013 Professional is that it requires your time and attention to work, you have to act upon the advice that the software gives you, and hopefully you will generate profit as a result. If you are looking for something that is automated then the best for you will most likely be Forex Megadroid . This is certainly causing a stir amongst people who want to make a lot of money as soon as possible. This automated system will of course trade for you, so theoretically you could make serious amounts of cash whilst you sleep. Sure, there are a few times when you will make a loss (all robots are like this) but for the most part it is one of the most accurate robots I have seen released so far. It is certainly worth checking out! This is just a small smattering of everything you can look forward to in the coming year. As we edge closer and closer to 2013 you can expect the list for best forex robot to change considerably, so keep an eye out for all of those reviews, and when an expert speaks, you should listen. In the modern age it is easier than ever to make money online through forex trading, so if you can identify a fantastic system through Forex reviews then jump on the case as soon as possible, the earlier you get there, the more money you stand to make. You have already done the right thing by trying to track down a robot already! Of course, this isn’t a definitive list of the best in 2013, but if you use just one of the ones I have listed above, and start kicking it into gear today then there is a huge chance that you are going to generate masses upon masses of serious cash. Good Luck! Many families find themselves in need of a loan to deal with the time between paychecks when there just isn’t enough money for all the bills. The most popular type of loan for this situation is the personal loan. Payday loans fall under this category and a great number of families will seek out these loans online. Education is the most important part of any loan; following a few general best practices will protect every family from certain fraudulent online payday loan scammers. 1. Ask for the state licenses Many illegal online payday loan services are operating without a license. The licensing boards vary by state, so borrowers need to be sure to ask for the license from the loaner for their specific state. If the loaner will not or can not provide proof of license, move on. Read more » singapore (Photo credit: Kenny Teo (zoompict)) What are some of the factors you should take before taking an unsecured loan from money lender Singapore. Here are some of the factors to look for: 1. Interest rates Interest rate is one factor that you need consider before taking an unsecured loan. You should compare and contrast the interest rates offered by the different financial institutions or loaning bodies before making that perfect decision. 2. Check for hidden fees Read the contract carefully before making a decision to sign it or not. Make sure you understand the terms and conditions in the contract of the unsecured loan before making your decision. If you have any question, it is advisable to ask the experts for clarification. This will definitely help you make a perfect decision on which unsecured loan to choose. 3. The nature of the loan This types of loan are of 2 types of rates namely; the fixed and the variable type. As the name shows, fixed loans do not change that means that you are able to know precise amount of money you need to pay. On the contrary, flexible loans changes as the economy status changes. 4. The type of the security needed Different unsecured loans demand different types of securities or collaterals that you present to the financial institutions or the loaning institutes. Depending on the value of your security, you will often a proportionate amount of unsecured loan. 5. Existing market conditions It is advisable to check for the existing market conditions such as the inflation rate, government polices among other factors before bidding for the unsecured loans. This is because the market performance determines the amount of loan obligation that you will be required to pay in return. 6. Credit rating score For you to obtain this kind of loan, you need to have a higher credit rating score to enable you win the trust of the loaners or the financial institutions. This factor will enable them to grant you the loan or deny you depending on your credit score. This factor should help you make that perfect decision of acquiring unsecured loan. 7. The duration of payment Unsecured loans with shorter period are likely to be expensive compared to the ones with longer periods in the long-term. The time duration should be help you make that critical decision of either getting the unsecured loan of not. With the above factors, it is easy to make a decision to acquire unsecured loan at the same time help you get the best deals in the market. Daily Commodity Futures Price Chart: Dec. 2013 Market data is the property of Chicago Mercantile Exchange (CME). Los datos de mercado se retrasan al menos 10 minutos. Access to this website and use of this market data is subject to the following: (a) Market data is for the recipients own personal use and may not be redistributed without permission of CME, which may depend on execution of an agreement and payment of the applicable fee; (b) CME and its licensors reserve all Intellectual Property Rights to market data; (c) CME and TradingCharts disclaims all liability for market data and use thereof, and any and all losses, damages or claims arising from use of market data; (d) CME and TradingCharts may suspend or terminate receipt of market data by any party if CME has reason to believe market data is being misused or misrepresented. También es una condición de acceso a este sitio web que usted acepta no copiar, diseminar, capturar, realizar ingeniería inversa o utilizar la información proporcionada en este sitio para cualquier otro propósito, excepto para la visualización directa en el navegador de Internet del usuario final solamente. Sólo en el formato proporcionado. These pages © TradingCharts.com, Inc. Comercio Forex, materias primas y índices bursátiles con opciones binarias & ndash; Ver cómo If you follow the Equity Indices closely, you can sometimes spot patterns that repeat themselves with a high degree of consistency. Continúe leyendo aquí. August 24, 2015, was an important day in world currency markets. The Chinese shocked the world with a devaluation of the yuan. Continúe leyendo aquí. FOREX TRADING TRAINING FOREX TRADING TRAINING @ YOUR PLACE CALL 9843198770. FOREX IS 24 HOURS MARKET. SO TRADE & EARN MONEY ANYTIME. MAKING MONEY IN FOREX IS VERY EASY, IF YOU HAVE ARE DISCIPLINE & WELL PRACTICED YOU CAN T Recommended Features FOREX TRADING TRAINING CURRENCY TRADING TRAINING TRAINING @ YOUR DOORSTEP CALL 9843198770 Learn more about FOREX TRADING TRAINING» Review on FOREX TRADING TRAINING FOREX TRADING TRAINING @ YOUR PLACE CALL 9843198770 ! FOREX IS 24 HOURS MARKET. SO TRADE & EARN MONEY ANYTIME. 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Resources Box Forex Auto Money - Trade like the p. 100% Automatic Forex Trading System It's been over 2 years since Forex Auto. Training and Education Training Courseware | Education | Tutorials | Training Downloads The Extreme Trading System! Or if you aren't satisfied for any other reason, just let us know within 60. About SAHAVUDEEN A 25 connections, 0 recommendations, 40 honor points. Joined APSense since, September 26th, 2010, From TIRUPUR, India. Report this Page Created on Nov 7th 2010 22:17. Viewed 985 times. Share on APSense Well, if you’d been wondering at all if/when the last of the retail investors where going to indeed “pile into markets” & # 8211; look no further than these last few days. Twitter as a fantastic example making like 40% gains in the past 10 days alone, a company still yet to turn a profit. Without fail the “Santa Claus Rally” has exceeded all expectations, on the back of a market already stretched to the upper limits of reality, while currency markets sit firmly with their wheels in the mud. Once again (as so many times in the past) here we sit with very little to trade, at a time and place where making any “major decisions” makes little sense at all. It makes no sense at all putting money at risk in a low volume environment, where “churn” and “grind” are about all you’ve got to look forward too. The year will wind down here over the next few days, and with the start of a new year we can expect the fireworks to pick back up. Remember – The Fed “announced tapering to start”, but that said tapering “starts” in January. Retail investors are now in. What does that make you? Gary Savage doubling down: ( from today) Considering this is a low volume holiday week I don’t know how much significance we should attach to any moves, but so far I’m not seeing anything to suggest deviating from my expectation for the rally to continue and intensify into earnings season. About another 80 points on the Nasdaq will take us to that 4250 resistance level where I will enter half of my 2016 puts. I’ll save the other half just in case the market continues and double tops above 5000, although I doubt that kind of parabolic move is in the cards this late in the intermediate cycle. yen march 14 contract daily chart – potential hammer time today. I realize holiday trading should be taken lightly. Looking forward to the beginning of this next week! As for the past two weeks, today I’ll continue to focus on the review of another automated trading system. Today’s post will be dedicated to the review of the forex cyclone expert advisor which was suggested to me by a customer who had previously purchased my automated trading ebook. As always, this review is written based on the evidence provided by the expert advisor creator and is no way biased as I get no reward of any kind for giving the EA either positive or negative feedback. The website starts with a very bold claim from the authors saying he has “reeled in 986,928.17” USD from the forex market. Now, this guy seriously has to be jocking. I am pretty impressed as how naive and ignorant this expert advisor sellers think their customers really are to put such bold claims first thing in a webpage and thinking they’ll just swallow the whole thing. The sellers makes this claims based in the fact that he has a year long backtesting results that shows these results. This is definitely not a valid proof on income. This guy is actually lying to everybody’s face as he did not “reel in” all those profits, he just happened to have a backtest with those numbers which is VERY DIFFERENT than an account with that money inside. These claims are just unproven and are in fact a very good example of how unethical expert advisor sellers can be in the forex automated trading market. Now, as far as the backtesting statements go and their reliability I would have to say that from the TP and SL values I could say that the one minute interpolation errors should be small, however, the EA could still be trading with inside bar data which could make real live results differ from backtesting results considerably. But ok, the system seems to perform alright from 2007 to 2009 and I believe that backtesting could overestimate profits (a lot) and underestimate loses (a lot too) but the overall picture seems credible. The real problem comes in when we consider the length of the backtest and the lack of live testing. First, we don’t have any idea of why the creator did not backtest his system from 1999 if the system is so profitable and we also don’t know why he does not have any live or forward testing statements if he really believes his or her system to be as profitable. I would have to say that these things are always what makes me extremely suspecious about a trading system. If the author fails to provide testing information which would be obviously provided for a profitable trading system, then it is obviously because said information does not help his outrageous claims. This expert is considered of course, not worth buying and the author would have to provide us longer backtests and live testing information so that we can ensure that there is back live testing consistency and that the EA can actually be long term profitable. Also, a check of the word “proven” in the dictionary wouldn’t hurt. If you would like to learn more about my opinions about the reality of automated trading and how you can also me profitable with automated trading systems please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed this article ! Boon Or Bane? A Forex Mentor Review by Vlad on Apr 26th, 2015 · Comments Off on Boon Or Bane? A Forex Mentor Review When I began forex trading (many years ago now) Seriously believed my partner and i would soon be dragging in dollars. Forex was, after all, an enormous online marketplace where someone like me could hardly fail generate good extra income. I had done my research, and I understood that more than 90% of forex traders quickly fail, but I never believed for an unitary second that would occur to me! If i took time to study the best forex trading strategies and assiduously avoided the pitfalls, I’d soon be a good forex worker! The quickest way to circumvent often of the guessing is actually get guidance from a forex mentor. Having experience globe markets goes a good distance toward identifying different trader types, and personalities. A forex mentor can identify a trader’s psychological profile and recommend a Forex trading online system that compliments dynamics. A forex mentor could also help tremendously in hunting down some wrong strategy ideas that persons studying trader would love picked up over the years. forex signals are sent with three key components: an entry price, an end loss, along with take make money online. This information is taken and analyzed through the trader. Normally, Forex foreign exchange signal services specialize in a currency pair, but supply a number of suggestions concerning how to increase sales with this currency pairing. One of the greatest ways to identify a good forex broker would be to traverse referrals. Become fit and healthy get in touch with some of the friends or family members and meet about one from all of. Make sure that you choose an experienced broker in addition to a green horn, who himself may be learning as part of your expense. Its for this reason that the always preferable that you ask for less difficult broking firm’s experience. Referrals would also give that you just good understanding of the reputation and standing in the market of a forex trading forex broker. The currency trading broker you simply choose also need to be able to provide you with round contributions support for the forex market is open 24 hours in each. Like a seasoned of investment, Forex trading can be unpredictable start. Only have business dealings with money in which you can manage to lose, and make sure a person have a nutritious money management plan a person decide to start trading Forex. Artículos relacionados: what is Forex Daily analytics mail subscription Author's today's articles: Roman Molodiashin - Official analytic of InstaForex Companies Group Born in 1984. In 2006 graduated from the English dpt. of Minsk state linguistics university. Forex trader since 2008. Contributes his market analysis to forex blogs and web-sites. Forum moderator and forex educator, contributor to a popular traders' magazine. Runs his own blog about Elliott Wave Analysis and Fibonacci levels. In his market analysis he uses simplified Elliott wave count and Joe DiNapoli's techniques of applying Fibonacci levels and trend indicators. Hobbies: guitar, football, chess, table tennis. Albert Fitoussi - Official analytic of InstaForex Companies Group Born in December, 1977. I made my economic studies in the sorbonne (Paris) I integrated broking firms such as pinatton, ODB or Dexia securities making recommendations of technical analysis for the institutional on shares. In 2006 creations of Fx Office desk of analysis forex who supplies with the analysis to the biggest institutions of forex world. Arief Makmur - Official analytic of InstaForex Companies Group Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Vladimir Donin - Official analytic of InstaForex Companies Group In 2009 took Master's degree in Tomsk State University with world economy specialty. Took training courses in the USA in summer 2006. At the present time studies in London School of Business and Finance, with "Msc in Investment Banking and Securities" specialty. On Forex since 2007. Stanislav Polyanskiy - Official analytic of InstaForex Companies Group Graduated from Odessa State Economic University. On Forex since 2006. Writes analytical reviews about international financial markets for more than 3 years. Worked as a currency analyst in different finance companies for a long time including the biggest companies of Russia and Ukraine. Alexander Dneprovskiy - Official analytic of InstaForex Companies Group Graduated from Kiev State University of Economics. On Forex market since 2007. Started his work at Forex as a trader. Since 2008 is working as a currency analyst. Gerardo Porras Palomino - Official analytic of InstaForex Companies Group Born August 30, 1980, in Huancayo, Peru. Since 1999 studied Maintenance Mechanics, specializing in fluids engineering (SENATI). In 2005 entered the foreign exchange market and started dealing with investments and studying Technical Analysis. Since 2007 devoted all his time to Forex world. Passed the advanced course of Forex trading (UdeForex) at University of Forex and thus aquired the following qualification: Operator and Analyst in the foreign exchange market. Carried out many other studies; among them there are the Waves of Elliot, the famous theory of Fibonacci etc. Presently seeks to operate his own money on the market, to carry out Technical and fundamental analysis and also to instruct beginners helping them to gain consistency in trading. GBP/JPY Elliott wave count and Fibonacci levels for August 26, 2011 GBP/JPY is developing impulse wave С (colored royal blue in the chart) of medium term downtrend from 127.31. Within this wave there are A and B subwaves (colored red in the chart) with subwave B still developing from 125.61. The targets of the downmove are Fibonacci retracements of 123.27-127.31, and expansions off 130.81-123.27-127.31, 127.31-125.61-126.51, 126.51-125.82-126.48. - 125.79 = objective point (OP) - 125.46 = contracted objective point (COP) - 125.36-29 = confluence area of expanded objective point (XOP) and .50 retracement - 124.81 = confluence area of OP and .618 ret - 124.67 = super expanded objective point (SXOP) - etc. If the price reverses to the upnside the immediate resistances will be Fibonacci retracements of 130.81-123.27, and expansions off 123.27-127.31-125.61. - 127.31 = 0% ret - 127.93 = .618 ret - 128.11 = COP - 129.65 = OP Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (5-10 pips above the current prices) or into the overbought area (30-40 pips above the current prices). AUD/USD Elliott wave count and Fibonacci levels for August 26, 2011 AUD/USD is moving within potential wave C (from 1.0600) of medium term downtrend - colored royal blue in the chart. Within wave C there are A, B and C subwaves (colored magenta in the chart) with subwave C still developing from 1.0533. The targets of the downmove are Fibonacci retracements of 0.9928-1.0600, 1.0315-1.0533, and expansions off 1.1079-0.9928-1.0600, 1.0600-1.0315-1.0533. - 1.0398 = .618 retracement - 1.0357 = contracted objective point (COP) - 1.0264 = .50 ret - 1.0248 = objective point (OP) - 1.0185 = .618 ret If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.1079-0.9928, and expansions off 0.9928-1.0600-1.0315, 1.0315-1.0533-1.0418. - 1.0553 = COP - 1.0636-39 = confluence area of OP and .618 ret - 1.0730 = COP Assuming that the medium term trend is down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or gets into the overbought area (20-30 pips above the current prices). EUR/JPY Intraday Technical analysis The spot rate approaches the lower limit of its medium-term bullish channel in 110.90 suggesting a rebound. However a break of these levels would initiate a new trend. According to previous events, the market indicates a bullish opportunity on the levels of 110.90 with a 1st objective of 111.60, then 111.80. A break in 110.70 would invalidate this scenario. GOLD Intraday Technical analysis Gold is currently testing the upper limit of its medium term bearish channel in 1786 suggesting a decline. However a break of these levels would initiate a new trend. According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1786 with a 1st objective of 1807, then 1815. A break in 1783 would invalidate this scenario. GBP/USD Intraday Technical analysis The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.6260 suggesting a rebound. However a break of these levels would initiate a new trend. According to previous events, the market indicates a bullish opportunity on the levels of 1.6260 with a 1st objective of 1.6390, then 1.6430. A break in 1.6230 would invalidate this scenario. EUR/USD Intraday Technical analysis The spot rate is currently testing the upper limit of its medium term bearish channel in 1.4480 suggesting a decline. However a break of these levels would free up significant potential and reach the upper limit of its bullish channel to 1.4590. According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4480 with a 1st objective of 1.4590, then 1.4620. A break in 1.4450 would invalidate this scenario. USD/JPY Intraday Important Level For August 26, 2011 Author's today's articles: Arief Makmur - Official analytic of InstaForex Companies Group Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Roman Molodiashin - Official analytic of InstaForex Companies Group Born in 1984. In 2006 graduated from the English dpt. of Minsk state linguistics university. Forex trader since 2008. Contributes his market analysis to forex blogs and web-sites. Forum moderator and forex educator, contributor to a popular traders' magazine. Runs his own blog about Elliott Wave Analysis and Fibonacci levels. In his market analysis he uses simplified Elliott wave count and Joe DiNapoli's techniques of applying Fibonacci levels and trend indicators. Hobbies: guitar, football, chess, table tennis. Albert Fitoussi - Official analytic of InstaForex Companies Group Born in December, 1977. I made my economic studies in the sorbonne (Paris) I integrated broking firms such as pinatton, ODB or Dexia securities making recommendations of technical analysis for the institutional on shares. In 2006 creations of Fx Office desk of analysis forex who supplies with the analysis to the biggest institutions of forex world. USD/JPY Intraday Important Level For August 26th /2011 Daily analytics mail subscription Author's today's articles: Roman Molodiashin - Official analytic of InstaForex Companies Group Born in 1984. In 2006 graduated from the English dpt. of Minsk state linguistics university. Forex trader since 2008. Contributes his market analysis to forex blogs and web-sites. Forum moderator and forex educator, contributor to a popular traders' magazine. Runs his own blog about Elliott Wave Analysis and Fibonacci levels. In his market analysis he uses simplified Elliott wave count and Joe DiNapoli's techniques of applying Fibonacci levels and trend indicators. Hobbies: guitar, football, chess, table tennis. Albert Fitoussi - Official analytic of InstaForex Companies Group Born in December, 1977. I made my economic studies in the sorbonne (Paris) I integrated broking firms such as pinatton, ODB or Dexia securities making recommendations of technical analysis for the institutional on shares. In 2006 creations of Fx Office desk of analysis forex who supplies with the analysis to the biggest institutions of forex world. Arief Makmur - Official analytic of InstaForex Companies Group Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Stanislav Polyanskiy - Official analytic of InstaForex Companies Group Graduated from Odessa State Economic University. On Forex since 2006. Writes analytical reviews about international financial markets for more than 3 years. Worked as a currency analyst in different finance companies for a long time including the biggest companies of Russia and Ukraine. Alexander Dneprovskiy - Official analytic of InstaForex Companies Group Graduated from Kiev State University of Economics. On Forex market since 2007. Started his work at Forex as a trader. Since 2008 is working as a currency analyst. Denis Strelkov - Official analytic of InstaForex Companies Group Born August 12, 1980. In 2002 graduated from Minsk Institute of Management, Law Department. After receiving a diploma started to work in one of the first companies in Belarus, related to Forex market. At the moment, is a founder and a director of InstaForex in the Republic of Belarus, as well as an owner and a co-manager of an investment fund, an author in ForTrader Magazine and also a director of some other Forex projects. Is involved in Forex market since 2000. Gerardo Porras Palomino - Official analytic of InstaForex Companies Group Born August 30, 1980, in Huancayo, Peru. Since 1999 studied Maintenance Mechanics, specializing in fluids engineering (SENATI). In 2005 entered the foreign exchange market and started dealing with investments and studying Technical Analysis. Since 2007 devoted all his time to Forex world. Passed the advanced course of Forex trading (UdeForex) at University of Forex and thus aquired the following qualification: Operator and Analyst in the foreign exchange market. Carried out many other studies; among them there are the Waves of Elliot, the famous theory of Fibonacci etc. Presently seeks to operate his own money on the market, to carry out Technical and fundamental analysis and also to instruct beginners helping them to gain consistency in trading. Vladimir Donin - Official analytic of InstaForex Companies Group In 2009 took Master's degree in Tomsk State University with world economy specialty. Took training courses in the USA in summer 2006. At the present time studies in London School of Business and Finance, with "Msc in Investment Banking and Securities" specialty. On Forex since 2007. GBP/JPY Elliott wave count and Fibonacci levels for August 25, 2011 GBP/JPY is developing impulse wave С (colored royal blue in the chart) of medium term downtrend from 127.31. The targets of the downmove are Fibonacci retracements of 123.27-127.31, and expansions off 130.81-123.27-127.31, 127.31-126.15-126.95, 126.95-125.61-126.28. - 125.45 = contracted objective point (COP) - 125.29 = .50 retracement - 125.07 = expanded objective point (XOP) - 124.94 = objective point (OP) - 124.81 = .618 ret - 124.11 = XOP - etc. If the price reverses to the upnside the immediate resistances will be Fibonacci retracements of 130.81-123.27, and expansions off 123.27-127.31-125.61. - 127.93 = .618 ret - 128.11 = COP - 129.65 = OP Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (10-20 pips above the current prices). AUD/USD Elliott wave count and Fibonacci levels for August 25, 2011 AUD/USD is moving within potential wave C (from 1.0600) of medium term downtrend - colored royal blue in the chart. Within wave C there are A, B and C subwaves (colored magenta in the chart) with subwave C still developing from 1.0533. The targets of the downmove are Fibonacci retracements of 0.9928-1.0600, 1.0111-1.0600, 1.0315-1.0533, and expansions off 1.1079-0.9928-1.0600, 1.0600-1.0315-1.0533, 1.0533-1.0448-1.0521. - 1.0424 = .50 ret - 1.0398 = .618 ret - 1.0383 = expanded objective point (XOP) - 1.0357 = contracted objective point (COP) - 1.0298 = confluence area of super expanded objective point (SXOP) and .618 ret If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.1079-0.9928, and expansions off 0.9928-1.0600-1.0315. - 1.0639 = .618 ret - 1.0730 = contracted objective point (COP) Assuming that the medium term trend is down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (25-30 pips above the current prices) or gets into the overbought area (50-60 pips above the current prices). EUR/JPY Intraday Technical analysis The spot rates approach the upper limit of its medium-term bullish channel in 111.40 suggesting a decline. However a break of these levels would initiate a bullish trend more violent. According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 111.40 with a 1st objective of 112.10, then 112.30. A break in 111.20 would invalidate this scenario. GOLD Intraday Technical analysis Gold is currently testing the lower limit of its short-term bearish channel in 1730 and seems to start a rebound. However a break of these levels would initiate a bearish trend more violent. According to previous events, the market indicates a bullish opportunity on the levels of 1730 with a 1st objective of 1744, then 1749. A break in 1727 would invalidate this scenario. GBP/USD Intraday Technical analysis The spot rate approach to the intermediate support of its medium-term bullish channel in 1.6320 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.6170. According to previous events, the market indicates a bullish opportunity on the levels of 1.6320 with a 1st objective of 1.6430, then 1.6450. A break in 1.6290 would invalidate this scenario. EUR/USD Intraday Technical analysis The spot rate is currently testing the upper limit of its medium term bearish channel in 1.4490 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend. According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4490 with a 1st objective of 1.4590, then 1.4620. A break in 1.4460 would invalidate this scenario. EUR/USD Intraday Important Level For August 25, 2011 TODAY's TECHNICAL LEVELS: Breakout BUY Level. 1.4478. Strong Resistance. 1.4470. Original Resistance. 1.4457. Inner Sell Area. 1.4443. Target Inner Area. 1.4409. Inner Buy Area. 1.4374. Original Support. 1.4361. Strong Support. 1.4347. Breakout SELL Level. 1.4339. SHORT DESCRIPTION : Today EUR/USD will find Support and Resistance between 1.4361 and 1.4457; and this pair today has a strong Support at 1.4347 and a strong Resistance at 1.4470; if today EUR/USD breaks out and closes below 1.4339, it will be sign for a SHORT trading for today; on the other hand, if this currency breaks out and closes above 1.4478, it will be sign for a LONG trading for today. Another option for the advanced trader can be trading between Inner Buy Level at 1.4374 for LONG trading and Inner Sell Level at 1.4443 for SHORT trading, and both of them (Inner BUY & Inner SELL Level) have the target at 1.4409. USD/JPY Intraday Important Level For August 25, 2011 TODAY's TECHNICAL LEVELS:
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