Forex Trading Signals for 13th March 2013

                                                                                

Japan (Tokyo)                               United Kingdon (London)                        USA (New York)


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BUY on the market: GBP/USD

BUY: 
Entry Point : 1.49296
Take Profit:   1.49500
Stop Loss:    1.49000

 2nd,,

BUY on GBP/USD : 

Entry Point : 1.48865
Take Profit:   1.49300
Stop Loss:    1.48500

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We will BUY on the market: EUR/USD
BUY: 
Entry Point : 1.30356

Take Profit:   1.30700
Stop Loss:    1.30000

2nd  SELL on the market,,,

SELL: 
Entry Point : 1.30286

Take Profit:   1.29500
Stop Loss:   1.30586

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OPEN A FOREX TRADING ACCOUNT AND WITHDRAW YOUR PROFIT INTO YOUR NIGERIAN BANK ACCOUNT (NAIRA ACCOUNT).

Wish you all a successful forex trading. Always remember to use your stop loss to avoid much loss on your trading account,,,

One Love Brothers

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HIGH RISK INVESTMENT WARNING: Trading foreign exchange, contracts for differences, or spread bets on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the forex market, you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. We provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. We recommends you seek advice from a separate financial advisor. 

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Forex - EUR/USD hits fresh session lows after U.S. retail sales

The euro hit fresh session lows against the dollar on Wednesday after official data showed that U.S. retail sales rose more-than-expected in February, reinforcing optimism over the country’s economic recovery.

EUR/USD hit 1.2963 during European afternoon trade, the pair’s lowest since March 8; the pair subsequently consolidated at 1.2965, shedding 0.53%.

The pair was likely to find support at 1.2885, the low of December 10 and resistance at 1.3063, the session high.

The Commerce Department said U.S. retail sales rose 1.1% in February, beating expectations for a 0.5% increase. 

Core retail sales, which exclude automobile sales, also rose more-than-expected, climbing 1.0% compared to expectations for a 0.2% gain. 

The data fuelled optimism that the recovery in the U.S. is gaining traction after data last week showed that the economy added more jobs than expected in February, bringing the unemployment rate to a four-year low of 7.7%.

The euro remained under pressure after Italy saw the yield on three-year bonds rise to the highest level since December at the first auction of the country’s debt since a one-notch downgrade by Fitch’s ratings agency last week in the wake of inconclusive elections.

Italy’s Treasury sold EUR3.32 billion worth of three-year government bonds at an average yield of 2.48%, up from 2.30% at a similar auction last month.

The yield on the 15-year bond rose to 4.90% from 4.80% in January.

The euro fell to session lows against the pound and the yen, withEUR/GBP down 0.72% to 0.8682 and EUR/JPY falling 0.64% to 124.40.

Earlier Wednesday, official data showed that industrial production in the euro zone fell 0.4% in January from December, more than expectations for a 0.1% decline. 

The weaker-than-expected data underlined concerns over the economic outlook for the region.

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Forex - GBP/USD trims gains after strong U.S. retail sales

The pound pulled back from session highs against the dollar on Wednesday, as data showing that U.S. retail sales rose more than expected last month boosted confidence in the country’s economic recovery.

GBP/USD pulled away from 1.4982, the pair’s highest since March 8, to hit 1.4949 during European afternoon trade, still up 0.32% for the day.

Cable was likely to find support at 1.4830, Tuesday’s low and the pair’s lowest since June 2010 and resistance at 1.5046, the high of March 8.

The Commerce Department said U.S. retail sales rose 1.1% in February, beating expectations for a 0.5% increase. 

Core retail sales, which exclude automobile sales, also rose more-than-expected, climbing 1.0% compared to expectations for a 0.2% gain. 

The data fuelled optimism that the recovery in the U.S. is gaining traction after data last week showed that the economy added more jobs than expected in February, bringing the unemployment rate to a four-year low of 7.7%.

The pound hit session highs against the dollar earlier as investors locked in profits after the dollar touched two-and-a-half year highs against sterling on Tuesday.

Official data on Tuesday showed that U.K. manufacturing and industrial output slumped in January.

The unexpectedly weak data, together with recent poor data on construction and manufacturing reinforced concerns over the possibility of a triple-dip recession and fuelled speculation that the Bank of England will restart its asset purchase program.

Elsewhere, the pound hit session highs against the euro, with EUR/GBPdropping 0.79% to 0.08676.

The euro remained under pressure after Italy saw the yield on three-year bonds rise to the highest level since December at the first auction of the country’s debt since a one-notch downgrade by Fitch’s ratings agency last week in the wake of inconclusive elections.

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