EUR/USD Unable to Recover, Despite Strong German Data

EUR/USD gradually climbed up from support at 1.2750 and made its way towards 1.28. The pair already crossed this level, but was unable to keep it up.

This comes despite strong German data and as markets await the opening of banks in Cyprus.

Update: The pair now falls to support on weak unemployment figures.

German retail sales rose by 0.4%, significantly exceeding the drop of 0.5% that was anticipated. Last month’s figure was revised from +3.1% to +3%.

Nevertheless, EUR/USD is now at 1.2788, down from 1.2814 seen earlier.

Banks in Cyprus open at 10:00 GMT and the tension is high. Capital controls have been imposed to prevent a massive bank run. They are currently planned for only one week, but they could be extended.

The stock exchange remains closed in Cyprus.

-->

Read More

EUR/USD Falls to Support on weak German employment data

After the euro was unable to climb on positive data from Germany, it now falls towards the 1.2750 support line on weak German data: the number of unemployed people rose by 13K, contrary to expectations for a drop of 2K. The unemployment rate remains at 6.9%.

The opening of banks in Cyprus is awaited.

EUR/USD made an attempt to rise above 1.2805 beforehand, climbing up from support at 1.2750. A strong retail sales figure from Germany helped, but wasn’t enough to make the break.

After this figure, the pair is falling. Banks in Cyprus are scheduled to open at 10:00 GMT, and capital controls have been imposed to prevent a bank run.

-->

Read More

European stocks higher, eyes on Cyprus and Italy; Dax up 0.21%

European stocks edged higher on Thursday, although investors remained cautious as Cyprus banks were to reopen later in the day, while concerns over political deadlock in Italy persisted. 

During European morning trade, the EURO STOXX 50 added 0.19%, France’s CAC 40 edged up 0.13%, while Germany’s DAX 30 rose 0.21%. 

Investors remained cautious as Italian centre-left leader Pier Luigi Bersani seemed to have only slim hope of forming a government after talks with rival party leaders ended on Wednesday with rejection from Beppe Grillo's 5-Star Movement. 

Markets were also jittery as Cyprus prepared to reopen its banks for the first time in nearly two weeks, with fears of bank runs prompting the government to impose a number of controls, including limiting withdrawals and banning cheques. 

Financial stocks were broadly higher, as shares in French lenders Societe Generale and BNP Paribas added 0.12% and 0.88%, while Germany's Deutsche Bank jumped 1.25%. 

Among peripheral lenders, Italian banks Intesa Sanpaolo and Unicredit climbed 0.53% and 043% respectively, while Spain's BBVA and Banco Santander slipped 0.15% and 0.01%. 


Elsewhere, Dutch cable operator Ziggo saw shares soar 9.05%, following reports Liberty Global bought a 12.65% stake in the company. 

In London, FTSE 100 added 0.19%, as U.K. lenders tracked their European counterparts higher, while data showed that U.K. house prices were flat in March. 

Shares in HSBC Holdings edged up 0.19% and the Royal Bank of Scotland climbed 0.45%, while Barclays and Lloyds Banking advanced 0.86% and 1.13% respectively. 

Meanwhile, mining stocks were also on the upside, as Rio Tinto gained 0.31% and rival Evraz surged 1.98%, while copper producer Xstrata rose 0.19%. 

On the downside, ICAP plummeted 1.26%%, after the world’s largest broker of transactions between banks said profit will slip this year. 

In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.04% gain, S&P 500 futures signaled a 0.07% loss, while the Nasdaq 100 futures indicated a 0.04% rise. 

Also Thursday, official data showed that German retail sales rose unexpectedly in February, ticking up 0.4% after a 3% rise the previous month. 

Analysts had expected retail sales to fall 0.1% last month. 

Later in the day, the U.S. was to release the weekly government report on initial jobless claims as well as revised data on fourth quarter economic growth.

-->

Read More

Forex Trading Signals for 27th March 2013

                                                                                


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


For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

Down Trend : SELL

E/P: 1.28500

T/P: 1.28000

S/L: 1.29000

,

-->

GBP/USD

Down Trend: SELL

E/P: 1.51300

T/P: 1.50900

S/L: 1.51700

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

PLEASE NOTE THAT THE DAILY SIGNALS IS SENT ON TIME TO OUR SUBSCRIBERS ONLY.

For faster signals services and on time real analysis delivered to your email address and phone number
subscribe to our signals service, click here for more details

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

 ................................................................................................................................................................

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. 

Read More

Forex Trading Signals for 26th March 2013

                                                                                


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


For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

Down Trend : SELL

E/P: 1.29000

T/P: 1.28700

S/L: 1.29600

,,,,

-->

GBP/USD

Down Trend: SELL

E/P: 1.51591

T/P: 1.52000

S/L: 1.51000

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

PLEASE NOTE THAT THE DAILY SIGNALS IS SENT ON TIME TO OUR SUBSCRIBERS ONLY.

For faster signals services and on time real analysis delivered to your email address and phone number
subscribe to our signals service, click here for more details

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

 ................................................................................................................................................................

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. 

Read More

Forex Trading Signals for 25th March 2013

                                                                                


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


For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

Down Trend : SELL

E/P: 1.29600

T/P: 1.2900

S/L: 1.30300

,,,,

-->  

GBP/USD

Down Trend: SELL

E/P: 1.52400

T/P: 1.51900

S/L: 1.52900

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

PLEASE NOTE THAT THE DAILY SIGNALS IS SENT ON TIME TO OUR SUBSCRIBERS ONLY.

For faster signals services and on time real analysis delivered to your email address and phone number
subscribe to our signals service, click here for more details

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

 ................................................................................................................................................................

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. 

Read More