Online Forex Trading ECN Plus Quality
If you are relatively new to this blog, you might want to read these first: Order Placing Time How to set up an order Below is previous (17-09-2007) trade and it’s result: GBP /USD Stop/Limit/Market Order sell @2.0086 Result: + 20 pip profit - Today’s Forex Signal 18-09-2007 Best time to place this order: 8.00 - 9.00(GMT+3) Share This
Forex Market Update
Greenback eases lower as China trumpets super-sovereign currency idea. Equities trying to fill up the punch bowl for another round.
Q2 Earnings season is soon upon us - will corporations report signs of green shoots or wilting hope? Volatility seems to be on summer vacation.
HEADLINES - PREVIOUS SESSION
- Germany May Import Price Index fell -10.4% YoY vs. -10.3% expected
- Sweden May Trade Balance was 9.5B vs. 8.8B in Apr.
- Switzerland Jun. KOF Swiss Leading Indicator out at -1.65 vs. -1.75 expected and -1.85 in May
- Germany Jun. preliminary CPI out at +0.4% vs. +0.2% expected
- US May Personal Income rose 1.4% vs. 0.3% expected and 0.7% in Apr.
- US May Personal Spending rose +0.3% as expected
- US Jun. Final University of Michigan Confidence out at 70.8 vs. 69.0 expected and vs. 68.7 in Ma.
Today’s Forex Trading Tweets (Twitter Posts)
June 19, 2009 · Filed Under forex trading
- #TIC GBP hit resistance (again) and is moving down. This is the 60 minute: http://twitpic.com/7ssma #
- #TIC After the confirmation, only got about 20 pips http://twitpic.com/7swdj #
- #TIC Took out the triple top with a vengeance. could be a blow-off http://twitpic.com/7t2×3 #
- #TIC Good example of a SneakAttack. If the daytraders see the ‘big fish’ are gone, they’ll make a run for the stops above the tops. #
Tags: twitter
Today's Forex Market Outlook
Heavy selling from the stock markets yesterday in the states giving the strength back to the dollar, giving some back this morning through the Asian trading. Stocks up this morning in Europe, seeing good data from the UK reference retail and consumer price indexes along with the German investor confidence figures jumping to a 3 year high. We will get the measure of the US stocks positions from their data later on today. Oil up, heading towards the $72 per barre.
Today's Forex News Headlines
Today's traders must keep informed of world events which impact the Foreign Currency Market moment by moment. We have compiled the following continuously-updating worldwide list of Forex Headline News.
A very convenient way to jump directly to this page on a regular basis is from our Gift Screensaver (left menu). With inspiring quotes illustrated by beautiful nature photos, this quality screensaver provides a one-keystroke method for traders to stay up-to-the-minute with all Forex News (Hitting the F1 Key brings you instantly back to this news page, anytime the screensaver is on your screen -- which is not when you are in a trade hopefully).
Today's Forex Signals
Feds decision yesterday in line with expectations albeit the comments made with reference to the economy improving lifted the greenback strengthening across the board today. Dow finished lower again and lower at time of writing in Europe. Asian stocks having a boost over night, Yen down from same information given from the Fed. Oil this morning trading higher at time of writing and if continues, could see a return to the $70 and $75 per barrel as uncertainty still remains. Data from the States later could see the stocks tumble further should the jobless claims come in worse than expected. Conversely, should we see an improvement, the risk aversion trades could see a lift.
For the Euro, need to break the support level of 1.3920 for a push to 1.39 figure, before yesterdays lows of 1.3890. Resistance at 1.3950 which if breaks and holds will see a return back to 1.3990/00. Await the US stocks for direction along with the jobless claims. Euro pound strengthening this morning heading towards the Tuesdays highs of 85.95/00, along with the cross with the Yen which would indicate that the preference would be to see a return to the 1.4020 level.
For cable, seen a sell off this morning hitting lows of 1.6240/45. Awaiting US opening for direction along with the jobless claims which if better than expected will give a boost back to the pound and 1.63 and 1.63.30/35 (38.2% fib level for the last two days). Support at 1.6250 which if breaks and holds, expect a move back towards 1.62/10. Euro pound struggling to break the current levels of 85.70, good selling opportunity back towards the 85.30 level (if breaks the 85.40 level)
Yen this morning being hit reference the comments made from the Fed regarding the 'improving economy'. Currently trading at 96 35/40. Head and shoulder pattern forming at current levels, which if breaks, will see a move back to the 95.90 level. Resistance at 96.60 which if breaks and holds, could see a move back towards 96.70 ahead of 97.20.
For the Euro, need to break the support level of 1.3920 for a push to 1.39 figure, before yesterdays lows of 1.3890. Resistance at 1.3950 which if breaks and holds will see a return back to 1.3990/00. Await the US stocks for direction along with the jobless claims. Euro pound strengthening this morning heading towards the Tuesdays highs of 85.95/00, along with the cross with the Yen which would indicate that the preference would be to see a return to the 1.4020 level.
For cable, seen a sell off this morning hitting lows of 1.6240/45. Awaiting US opening for direction along with the jobless claims which if better than expected will give a boost back to the pound and 1.63 and 1.63.30/35 (38.2% fib level for the last two days). Support at 1.6250 which if breaks and holds, expect a move back towards 1.62/10. Euro pound struggling to break the current levels of 85.70, good selling opportunity back towards the 85.30 level (if breaks the 85.40 level)
Yen this morning being hit reference the comments made from the Fed regarding the 'improving economy'. Currently trading at 96 35/40. Head and shoulder pattern forming at current levels, which if breaks, will see a move back to the 95.90 level. Resistance at 96.60 which if breaks and holds, could see a move back towards 96.70 ahead of 97.20.
Forex Blog, Forex Trading Information
Dollar Gains on Unexpected Employment Data
June 5th, 2009EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965.
Nonfarm payrolls decreased by 345k in May after sliding by 504k in April (revised positively from -539k change). That was a complete surprise to the market participants as it was almost twice as low as the average decline during the past 6 months. The forecasts also showed 520k decrease of the payrolls. Meanwhile, the unemployment rate rose unexpectedly fast — from 8.9% to 9.4%, and appeared to be above the forecast value of 9.2%.
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Forex Market | Forex Trading Tools-Information | Online Forex Trading
FOREX CURRENCY TRADING
FX, Forex or Foreign Exchange, is all about exchange of currencies from one hand to another at an ongoing price in the market. Forex is all about investing money in foreign currencies, just gain profit by selling at a higher price, the one you hold, just to buy another one at a lower price. Earlier, not many traders were clear about the Forex trading and that Forex is just short for "foreign exchange", as it did not get much publicity through media.
FX, Forex or Foreign Exchange, is all about exchange of currencies from one hand to another at an ongoing price in the market. Forex is all about investing money in foreign currencies, just gain profit by selling at a higher price, the one you hold, just to buy another one at a lower price. Earlier, not many traders were clear about the Forex trading and that Forex is just short for "foreign exchange", as it did not get much publicity through media.
Foreign Exchange market is the biggest financial market in the world, with a potential of fast and great gains and a sizable number of investors. The advent of internet technology is what made Forex trading grow considerably popular as well as accessible with various types of investors
Forex Trading with Alpari(US)
Alpari (US), LLC is registered with the CFTC as a Futures Commission Merchant and is a member of the NFA - Member ID: 0379678.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
Alpari (US) only offers off-exchange currency trading. Consequently, our customers do not receive the protections offered through on-exchange trading.Forex trading with Alpari. Real time foreign exchange trading services. ... Alpari (US) Launches New and Improved Website 04.17.2009; New Spreads
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