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Develop a habit of reviewing and analyzing

Develop a habit of reviewing and analyzing your good and bad trades. Then you will have a much better sense of what will work best in your future trades.

Trading is always full of emotions

Because trading is always full of emotions, you must have a trading strategy which includes a set of rules you stick to. This will help protect you from yourself.

software which aims at predicting future trends

While there are a lot of companies who make money by selling software which aims at predicting future trends, the reality is that if this software really worked, these companies would not be giving the secret away.

Trade wisely

There are many beginners who make trades in any direction. While there is a possibility to make profits both on the upside and downside of a trade, trading in the direction of the trend will give you the best chances for success

Invest in a good Forex trading education

The market is always changing and it may be hard to understand and keep up with these changes unless you invest in a good Forex trading education

Friday, 31 May 2013

European stocks remain sharply lower after E.Z. data; Dax down 0.65%


European stocks remained sharply lower on Friday, after the release of downbeat euro zone data added to concerns over the outlook for growth in the single currency bloc, while markets eyed U.S. data to be published later in the day. 

During European afternoon trade, the EURO STOXX 50 declined 0.72%, France’s CAC 40 slid 0.70%, while Germany’s DAX 30 retreated 0.65%. 

Sentiment weakened after official data showed that the unemployment rate in the euro zone rose to a new record high of 12.2% in April, from 12.1% the previous month, in line with expectations. 

Separately, a preliminary report showed that the bloc's consumer price index rose to an annualized rate of 1.4% this month, from 1.2% in April, as anticipated. 

The data came after Destatis said that German retail sales fell 0.4% in April, disappointing expectations for a 0.2% rise, after a 0.1% decline the previous month. 

Financial stocks remained broadly lower, as French lender Societe Generale declined 0.39%, while Germany's Commerzbank and Deutsche Bank plummeted 1.07% and 0.91%. 

Peripheral lenders added to losses, with Spanish banks Banco Santander and BBVA slid 0.54% and 0.96% respectively, while Italy's Unicredit and Intesa Sanpaolo retreated 0.69% and 1.10%. 

Elsewhere, Roche tumbled 1% after a study in south-east Asia showed the effectiveness of its Tamiflu drug remained unchanged when the dosage was doubled for patients with severe influenza. 

In London, FTSE 100 declined 0.91%, even as data showed that net lending to individuals in the U.K. rose by more-than-expected in April. 

Financial stocks remained mostly lower, as Lloyds Banking edged down 0.15^ and Barclays slid 0.30%, while HSBC Holdings plummeted 1.54%. The Royal Bank of Scotland overperformed on the other hand, adding 0.29%. 

Mining stocks also remained on the downside, as BHP Billiton and Rio Tinto saw shares retreat 0.01% and 0.95% respectively, while Anglo American eased 0.03%. 

Separately, coal producer Bumi plunged 1.82% after saying a review of spending at one of its two Indonesian units found USD201 million of outlays with "no clear business purpose." The company is currently at the center of an ownership dispute between its founders. 

Adding to losses, TUI Travel dropped 1.05% after saying it plans to buy 60 Boeing 737 MAX aircraft valued at USD6.1 billion and will take options for another 90 planes as the travel company renews its fleet with airliners that are less costly to operate. 

In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.50% loss, S&P 500 futures signaled a 0.50% drop, while the Nasdaq 100 futures indicated a 0.53% decline. 

Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan, as well as data on personal income and expenditure and a report on manufacturing activity in Chicago.
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Forex - EUR/USD pushes lower on euro zone worries


The euro pushed lower against the U.S. dollar on Friday, as the release of disappointing euro zone data sparked fresh concerns over the outlook for growth in the single currency bloc. 

EUR/USD hit 1.2969 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3006, shedding 0.31%. 

The pair was likely to find support at 1.2934, Thursday's low and resistance at 1.3116, the high of April 29. 

The euro came under pressure after official data showed that the unemployment rate in the euro zone rose to a new record high of 12.2% in April, from 12.1% the previous month, in line with expectations. 

Separately, a preliminary report showed that the bloc's consumer price index rose to an annualized rate of 1.4% this month, from 1.2% in April, as anticipated. 

The data came after Destatits said that German retail sales fell 0.4% in April, disappointing expectations for a 0.2% rise, after a 0.1% decline the previous month. 

Meanwhile, investors were eyeing U.S. economic reports later in the day, after downbeat data on Thursday dampened expectations for the Federal Reserve to scale down its stimulus program in the near future. 

The euro was also lower against the pound with EUR/GBP declining 0.32%, to hit 0.8536. 

Earlier Friday, the Bank of England said that net lending to individuals rose by GBP1.4 billion in April, beating expectations for a GBP0.9 billion increase, after a GBP1.1 billion rise the previous month. 

Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan, as well as data on personal income and expenditure and a report on manufacturing activity in Chicago.
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Forex - GBP/USD holds steady in cautious trade


The pound held steady against the U.S. dollar on Friday, as markets awaited the release of U.S. economic reports later in the day, while fresh concerns over the financial situation in the euro zone weighed on market sentiment. 

GBP/USD hit 1.5186 during European afternoon trade, the session low; the pair subsequently consolidated at 1.5223, easing 0.06%. 

Cable was likely to find support at 1.5110, Thursday's low and resistance at 1.5322, the high of May 16. 

Sentiment broadly weakened after official data showed that the unemployment rate in the euro zone rose to a new record high of 12.2% in April, from 12.1% the previous month, in line with expectations. 

The report came after Destatits said that German retail sales fell 0.4% in April, disappointing expectations for a 0.2% rise, after a 0.1% decline the previous month. 

In the U.K., the Bank of England said that net lending to individuals rose by GBP1.4 billion in April, beating expectations for a GBP0.9 billion increase, after a GBP1.1 billion rise the previous month. 

Meanwhile, investors were eyeing U.S. economic reports later in the day, after downbeat data on Thursday dampened expectations for the Federal Reserve to scale down its stimulus program in the near future. 

The pound was higher against the euro with EUR/GBP retreating 0.34%, to hit 0.8535. 

Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan, as well as data on personal income and expenditure and a report on manufacturing activity in Chicago.
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US Pending Home Sales Disappoint with +0.3% – EUR/USD Extends Gains


US pending home sales rose by only 0.3% in April 2013. They were expected to rise by a steady 1.3% after last month’s 1.5% rise. Year on year, there is a 10.3% rise, contrary to 12.8% that was expected. There was no revision to the data from the previous month.
EUR/USD made a convincing break just before the publication and left 1.30 behind. It already climbed to the next resistance line at 1.3050 before retreating a bit. The pair is now making a second attempt to break above 1.3050. USD/JPY was trading around 101.20, after a very rocky day. It is now 30 pips lower, falling to 100.90.
The US housing sector has led the recovery so far. The big rise in new home sales was certainly encouraging, and so was the ongoing rise in prices. However, not all the signs were positive all the time. There have been bumps in the road.
Earlier, the US reported mediocre data: a downwards revision of GDP and a higher than expected jobless claims number. The data wasn’t terrible, but not shining – not “taper material”.
Here is a live chart of EUR/USD:





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Forex - USD/JPY edges higher but gains limited


The U.S. dollar edged higher against the yen on Friday, but gains were limited as the previous day's weak U.S. data lessened expectations for the Federal Reserve to unwind its stimulus program in the near future. 

USD/JPY hit 101.28 during early European trade, the session high; the pair subsequently consolidated at 100.85, adding 0.12%. 

The pair was likely to find support at 98.65, the low of May 9 and resistance at 102.52, the high of May 28. 

On Thursday, the Department of Labor said the number of people who filed for unemployment assistance rose to a seasonally adjusted 354,000 last week, compared to expectations for a decline to 340,000.

Meanwhile, the Commerce Department said U.S. first quarter gross domestic product was revised down to 2.4% from a preliminary reading of 2.5%. Analysts had expected an unchanged reading. 

Separately, the National Association of Realtors said that its pending home sales index rose 0.3% to hit the highest level since April 2010 last month, but fell short of expectations for a 1.1% increase. 

In Japan, preliminary data showed that industrial production in Japan rose 1.7% in April, beating expectations for a 0.6% rise, after a 0.9% increase the previous month. 

A separate report showed that the core consumer price index in Tokyo rose 0.1% in May, confounding expectations for a 0.2% decline, after a 0.3% fall the previous month. 

Official data showed however that household spending in Japan rose less-than-expected last month, advancing 1.5%, after a 5.2% increase in March. Analysts had expected household spending to rise 3.1% in April. 

The yen was fractionally lower against the euro with EUR/JPY edging up 0.08%, to hit 131.52. 

Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan, as well as data on personal income and expenditure and a report on manufacturing activity in Chicago.
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Forex Trading Signal for 30 May 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 :

 (1) BUY
E/P: 1.29219
T/P: 1.29500
S/L: 1.28900


GBP/USD
UP Trend:

(1) BUY
E/P: 1.50983
T/P: 1.51300

S/L: 1.50500

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here



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Forex Trading Signal for 31st May 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 :

 (1) BUY
E/P: 1.30181
T/P: 1.30500
S/L: 1.29700

(2) SELL
E/P: 1.30419
T/P: 1.30100
S/L: 1.30800


GBP/USD
UP Trend:

(1) BUY
E/P: 1.51965
T/P: 1.52300
S/L: 1.51500

(2) BUY
E/P: 1.52291
T/P: 1.52400
S/L: 1.51500



NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

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