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DAILY FOREX ANALYSIS

DAILY FOREX ANALYSIS
  • Daily Gold & Forex Trading News – 12 December

    The U.S. dollar weakened versus most majors as risk appetite grew stronger following the highest level of Consumer Confidence in 6 months. Stocks finished the week strongly with NASDAQ gaining by 1.94% and the Dow Jones gaining by 1.55%.

  • Weekly Gold & Forex Trading News – 11 December

    Last Friday a European Union summit was held where a majority of European nations supported a plan to increase measures to enforce budgetary discipline across the Eurozone. The deal was, however vetoed by Britain and was seen as lacking the necessary immediate steps to stem the debt crisis.

  • Daily Gold & Forex Trading News – 8 December

    The US Dollar was inconstant against the major currencies. German officials said that Chancellor Angela Merkel’s government is pessimistic about the outcome of a European Union leaders’ summit in Brussels beginning tomorrow. This is causing the markets to be more volatile. In addition, Wall Street erased an earlier loss in the final hour of trading [...]

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DAILY FOREX COMMENTARY

Yen Appreciates Despite Noda’s Warnings

G10 Advancers and Decliners vs USD Global Indexes Current Level % Change Nikkei 225 Index 8’841.22 – 0.09 Hang Seng Index 20’478.99 + 0.19 FTSE 100 Index 5’795.20 + 1.26 DAX Index 6’539.85 + 1.84 SMI Index 6’100.43 + 0.45 S&P future 1’311.90 – 0.26 World Markets Current Level % Change Gold 1’718.25 – 0.14 [...]

Daily Market Outlook – January 27, 2012

  Important Financial Indicators Forecast Previous EUR 13:15 (GMT) ECB President Draghi Speaks   USD 13:30 (GMT) Advance GDP 3.0% 1.8% Currencies EUR/USD rose during the Thursday session as traders continued to sell the Dollar overall. USD/CAD Canada’s dollar rallied to parity with its U.S. counterpart for the first time in almost three months as [...]

Daily Market Outlook – January 26, 2012

Currencies EUR/USD The dollar traded 0.1 percent from the least in five weeks against the euro after the Federal Reserve extended its pledge to keep interest rates low until late 2014. The dollar traded at $1.3118 per euro as of 2:51 p.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, [...]

LATEST FOREX NEWS

Still tough going for the US

On the face of it, today’s GDP numbers confirmed the US economy ended last year on a decent footing (up 2.8% on annualised basis), even though growth fell short of expectations. However, the pattern of growth was perhaps a little more concerning. Inventory accumulation accounted for nearly three-quarters of the increase in output. Meanwhile, government [...]

US GDP Data

US GDP data for the fourth quarter showed that U.S. economic expansion could slow within the coming months. Even though U.S. economy grew its fastest pace in 1 ½ years inside the fourth quarter, strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth earlier this year. The [...]

Beware false Greek hopes

The phrase ‘under-promise and over-deliver’ is not one that the EU has any knowledge of, given that not for the first time we are being led to believe (this time by EU’s Rehn) that a deal on the restructuring of Greek debt is near, “if not today, then over the weekend”. There’s little point in [...]

FOREX ARTICLES

Advantages of trading with LiteForex

LiteForex Promotions & Bonuses LiteForex group of companies regularly develops new promotions for its tradersy. Taking part in current promotions, LiteForex traders can diversify their trading process considerably and get the deserved financial reward deposited in the trading accounts. LiteForex’s promotions gives forex traders an excellent opportunity to appreciate all advantages of trading forex with [...]

Forex Robots – Guides to Help You Choose a Fx Robot

Forex robots are absolutely nothing much more than automated computer software which will lookup for lucrative trades and then make your forex trades for you dependent upon their specific style specifications. I can’t actually say how they operate but they are noted to be primarily based upon distinct algorithms. Not all the fx robots work [...]

Essential Aspects To Understand Before You Start Day Trading

The tools provided by day trading strategies in the Forex market are very useful and allows various people to be profitable. For eager and prospective investor in the Forex market, you should understand how you can use the day trading tools to make profits. The goal of this article is to achieve this need. In [...]

Forex Concepts

Germany Industrial Production – Forex Fundamentals

The Germany industrial production is an indicator of the German economy’s industrial performance. The Germany Industrial production measures the per volume change in output from industrial sectors such as mining, manufacturing, energy and construction in Germany. As Germany is the second largest industrial products exporter, the Germany Industrial Production indicator plays a major role in [...]

OECD Composite Leading Indicators – Forex Fundamentals

OECD (Organization for Economic Cooperation and Development) is a Composite Leading Indicators (CLI) is made up of a collection of various economic indicators from over 30 countries that believe in the free market system. These countries hold the OECD meeting in order to make decisions regarding the markets that have an impact on the entire [...]

Currenex Trading Accounts

Currenex is a forex trading technology that is a broker dependent platform. Traders cannot open an account with Currenex directly but instead need to find a forex broker such as SunbirdFx who offer the Currenex technology. What makes Currenex one of the best liquidity pools in forex is because Currenex technology connects to over 70 [...]

EU MARKET COMMENTARY

The End Of Europe

One of the interesting things about being in Hong Kong is that I get to see the weekend edition of the Financial Times 12 hours early. And the headlines were not all that pleasant. As I promised last week, we will cast our eyes to Europe and ponder what is in store for Europe for the year [...]

If No Trade Reversal Now, Then When?

Europe’s underlying problem is not budget deficits or even unsustainable debt.  These are mainly symptoms.  The real problem with Europe is the huge divergence in costs between the core and the periphery – in the past decade costs between Germany and some of the peripheral countries have diverged by anywhere from 20% to 40%.  This [...]

ECB LTRO Won’t Stop Contagion.

Bond action in the Eurozone has modestly picked up (yields steady or falling) since the ECB’s 3-Year LTRO program – Long Term Refinance Operation. However, European banks still do not trust each other, not even for overnight lending.Instead, banks park all available funds with the ECB, as noted by the Wall Street Journal in Deposits at [...]

US MARKET COMMENTARY

Thursday Technical Update: Treasuries vs Equities

Today was another battle in the war between US Treasuries (UST) and equity. Both continue to try and breakout and move higher, something that is simply not sustainable. Let me rephrase that it is sustainable to an extent. That was the case over the past five months. After a breakout to all time highs in July [...]

US Treasuries and the S&P500.

I don’t believe this market is going to come to a specific level and reverse giving an all clear signal to go short and or exit longs. The basis for that statement is in late July 2011 the market experienced a minor pullback off no major technical level that quickly turned into a major decline [...]

Complacency Risk Is High.

As I was writing this past weekend’s newsletter “A Technical Review Of The Markets” it really dawned on me just how complacent investors have become on the economy, the markets and risk in general.  The mainstream media, and most of analysts, are looking at recent improvements in the economic data as a sign that the economy has [...]

OTHER RECENT ARTICLES

Trading signals for Friday 27-01-2012

FOREX-Signals                       EUR/USD SHORT     EUR/GBP SHORT                 Entry-Limit Sell 1,3180   Entry-Limit Sell 0,8390 Limit BUY 1,3140   Limit BUY 0,8350 Stop BUY 1,3200   Stop BUY 0,8410               USD/JPY [...]

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Yen excitement likely to be short-lived

Some excitement has been generated in recent days by the strength of the Japanese currency, with USD/JPY declining from a high of 78.28 mid-week to below 77 overnight. One possible explanation being forwarded by a few commentators is that the yen is attracting safe-haven demand because of those intractable Greek debt talks. More likely is [...]

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