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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

Monday, 15 December 2014

Forex - Russian ruble tumbles to fresh lows

Investing.com - The Russian ruble fell to fresh record lows against the dollar on Monday falling below the 59 level for the first time and Russian equities dropped, as the prospect of fresh U.S. sanctions over the crisis in Ukraine spooked investors.
USD/RUB advanced 3.00% to 59.97, up from 58.21 late Friday.
The drop in the ruble came after the U.S. Congress on Friday approved tougher sanctions on Moscow and authorized the supply of military aid to Ukraine.
U.S. President Barack Obama has not yet signed the bill into law and has said it would be "counterproductive" for Washington to "get out ahead of Europe further" on sanctions.
The ruble found some support from a rebound in oil prices after they dropped to five-and-a-half year lows earlier in the session.
Brent crude was up more than 1% at $62.83 a barrel in afternoon trading in Moscow. Oil is one of Russia’s main exports.
Russia's central bank said on Monday it had conducted $478 million worth of foreign exchange market interventions on December 11, bringing the total amount of reserves spent propping up the currency this month to nearly $6 billion.
The central bank hiked interest rates by 1% last Thursday in a bid to defend the currency and stem spiraling inflation, to little effect.
The bank warned that inflation could exceed 10% in the first quarter of 2015 and also cut its growth forecasts for 2015 and 2016 to almost zero. It said it would continue to raise interest rates to curb rising inflation.
A combination of lower oil prices and western sanctions have weakened the ruble, caused a spike in inflation and almost completely shut Russian companies out of the global financial markets.
Elsewhere, the ruble hit record lows against the euro, with EUR/RUB up 3.58% to 75.13.

Monday, 20 October 2014

Forex Signal for 20th October 2014

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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) Sell
Entry Point:  1.27800 
Take Profit:  1.28360
Stop Loss:   1.27660
  
                                        

GBP/USD
Up Trend:  

(1)Buy
Entry Point:  1.60800  
Take Profit:  1.61300
Stop Loss:   1.60600

NOTE: The above posted Signals are  Generated 23hrs GMT delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Friday, 17 October 2014

Dollar broadly higher vs. rivals as U.S. data supports

Investing.com - The dollar was broadly higher against a basket of other major currencies on Friday, as Thursday's upbeat U.S. data continued to boost demand for the greenback and as investors awaited additional U.S. economic reports due later in the day.


The dollar strengthened broadly on Thursday after the U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending October 11 decreased by 23,000 to a 14-year low of 264,000 from the previous week’s total of 287,000.
Analysts had expected jobless claims to rise by 3,000 to 290,000 last week.
A separate report showed that U.S. industrial production climbed 1.0% last month, beating expectations for a 0.4% rise.
The greenback's gains were limited however as St. Louis Federal Reserve President James Bullard said the U.S. central bank may want to maintain its bond buying for now given a drop in inflation expectations.
The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, was steady at 85.08.
EUR/USD was little changed at 1.2799, not far from Wednesday's three-week high of 1.2886.
Sentiment on the euro remained vulnerable amid growing concerns over the threat of deflation in the euro zone after revised data on Thursday showed that bloc's consumer price inflation rose by 0.3% in September, in line with expectations.
The rate has now been below 1% for 12 straight months, well under the European Central Bank's target of near but just under 2%.
The pound and the yen edged lower, with GBP/USD down 0.13% at 1.6067 and with USD/JPY adding 0.16% to trade at 106.49.
Meanwhile, the Swiss franc held steady with USD/CHF at 0.9432.
The commodity linked dollars were mixed, with AUD/USD edging up 0.16% to 0.8773 and NZD/USD slipping 0.15% to 0.7941, while USD/CAD eased 0.08% to 1.1247.
Later in the day, the U.S. was to produce reports on building permits and housing starts, as well as a preliminary report on consumer sentiment.

Forex - Pound edges lower vs. broadly stronger dollar

Investing.com - The pound edged lower against the U.S. dollar on Friday, as Thursday's upbeat U.S. economic reports continued to support demand for the greenback and investors eyed the release of additional U.S. data later in the day.


GBP/USD hit 1.6030 during European morning trade, the session low; the pair subsequently consolidated at 1.6055, shedding 0.20%.
Cable was likely to find support at 1.5940, Thursday's low and resistance at 1.6182, the high of October 8.
The dollar strengthened broadly on Thursday after the U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending October 11 decreased by 23,000 to a 14-year low of 264,000 from the previous week’s total of 287,000.
Analysts had expected jobless claims to rise by 3,000 to 290,000 last week.
A separate report showed that U.S. industrial production climbed 1.0% last month, beating expectations for a 0.4% rise.
The greenback's gains were limited however as St. Louis Federal Reserve President James Bullard said the U.S. central bank may want to maintain its bond buying for now given a drop in inflation expectations.
Sterling was steady against the euro, with EUR/GBP inching up 0.06% to 0.7967.
Sentiment on the euro remained vulnerable amid growing concerns over the threat of deflation in the euro zone after revised data on Thursday showed that bloc's consumer price inflation rose by 0.3% in September, in line with expectations.
The rate has now been below 1% for 12 straight months, well under the European Central Bank's target of near but just under 2%.
Later in the day, rhe U.S. was to produce reports on building permits and housing starts, as well as a preliminary report on consumer sentiment.

Forex Signal for 17th October 2014

,,

                                                                                


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

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
















EUR/USD
 Up Trend :

 (1) Buy
Entry Point:  1.27860  ( Loss :  -$100 ) we will place a pending order for future trading.
Take Profit:  1.28360
Stop Loss:   1.27660
  
                                      

GBP/USD
Up Trend:  

(1)Buy
Entry Point:  1.60410  ( Order Not Touched)
Take Profit:  1.60910
Stop Loss:   1.60210

NOTE: The above posted Signals are  Generated 23hrs GMT delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Wednesday, 15 October 2014

Forex - EUR/USD off 3-week highs as U.S. data scare subsides


Investing.com - The euro edged lower against the U.S. dollar on Thursday, pulling away from a three-week high as the greenback recovered from Wednesday's downbeat U.S. economic reports.


EUR/USD hit 1.2792 during late Asian trade, the session low; the pair subsequently consolidated at 1.2792, slipping 0.34%.
The pair was likely to find support at 1.2639, the low of October 14 and resistance at 1.2886, Wednesday's high.
The greenback came under broad selling pressure on Wednesday after a string of disappointing U.S. data further dampened expectations for an early rate hike by the Federal Reserve.
Official data showed that U.S. retail sales fell 0.3% last month, more than the expected 0.1% slip, while core retail sales, which exclude automobiles, dropped 0.2% in September, confounding expectations for a 0.3% gain.
A separate report showed that U.S. producer price inflation slipped 0.1% last month, disappointing expectations for a 0.1% rise, while the Federal Reserve of New York reported that its manufacturing index tumbled to a six-month low of 6.2 in October from a reading of 27.5 the previous month.
Meanwhile, the single currency remained fragile after data on Tuesday showed that the euro zone's industrial production declined more than expected in August, while a separate report showed that German economic sentiment deteriorated to the lowest level since December 2012 in October.
The euro was steady against the pound, with EUR/GBP inching up 0.06% to 0.8019.
Later in the day, the U.S. was to release the weekly report on initial jobless claims as well as data on industrial production and manufacturing activity in the Philadelphia region.

Japan shares lead Asian lower, dollar index droops

TOKYO (Reuters) - Asian shares were off session lows but still nursed losses amid a selloff in global equities on Thursday, as heightened concerns about world economic growth sent U.S. Treasury yields down and Japanese stocks tumbling.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) was down about 0.2 percent.
Shanghai shares (SSEC) bucked the downtrend and added 0.6 percent after Chinese bank lending data provided a regional bright spot. Lending beat expectations last month, a sign that demand for credit may be picking up, though a drop in China's foreign exchange reserves in the third quarter suggested ominous speculative money outflows.
Japan's Nikkei stock average (N225) tumbled 1.9 percent and touched a 4-1/2-month low, though it, too, pulled away from session lows as the dollar retook some ground lost to the yen.
"It's clear that people are avoiding risks," said Takatoshi Itoshima, chief portfolio manager at Commons Asset Management, adding that investors had started to doubt whether U.S. economic recovery was strong enough to sustain the Japanese stock market.
S&P 500 e-mini futures <.ESc1> edged up 0.3 percent, which might portend a more stable day ahead on Wall Street as investors await more U.S. data.
September industrial output and weekly jobless claims will be released later on Thursday and could paint a brighter picture than downbeat figures released in the previous session, which came after a recent spate of weak figures from China and Europe that raised fears about the health of the global economy.
U.S. retail sales and producer prices both dropped last month, a worrisome economic signal that helped fuel a sell-off on Wall Street as it quashed expectations the U.S. Federal Reserve would hike U.S. interest rates sooner rather than later.
The New York Fed's Empire State general business conditions index also plunged to 6.17 in October from September's 27.54, marking the weakest pace of manufacturing activity in New York state since April.
The S&P 500 (SPX) briefly turned negative for the year on Wednesday, while European equities (FTEU3) shed 3.2 percent to mark their biggest one-day slide in almost four years.
The grim mood sparked a safe-haven rally in U.S. Treasuries and pushed the yield on the benchmark 10-year note < US10YT=RR> as low as 1.865 percent, its deepest nadir since May 2013. It last stood at 2.090 percent in Asian trade.
The rally carried over to the Japanese government bond market, where the yield on the 10-year JGB fell to a 1 1/2-year low of 0.470 percent.
Only a month ago, fed funds futures had suggested traders priced in almost a 50 percent chance of a Fed rate increase as early as June 2015. But a jump in short-term U.S. interest rates futures on Wednesday implied traders anticipate the U.S. central bank would not move away from its near zero rate stance until the end of the first quarter in 2016.
The dollar's index against a basket of six major currencies <.DXY> <=USD> stood at 84.956, down about 0.2 percent on the day and wallowing near levels last plumbed in September. Speculation of higher U.S. interest rates had pushed the index to a four-year high of 86.746 earlier this month.
Against the yen, the dollar edged up on the day to 106.16 yen , after dropping to a more than one-month low around 105.20 on Wednesday, while the euro inched lower to $1.2816 after rising as high as $1.2885 overnight, its highest level since last month.
"For those who were looking to buy the dollar, this was a very healthy correction," said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm.
Spot gold was steady at $1,240.38 an ounce, not far from a one-month high of $1,249.30 on Wednesday.
London copper added 0.4 percent to $6,668.50 a metric ton (1.1023 tons) after shedding 2.3 percent in the previous session, its biggest daily drop since March.
© Reuters. Tokyo Stock Exchange staff member rubs his eyes as he works at the bourse at TSE in Tokyo
© Reuters. Tokyo Stock Exchange staff member rubs his eyes as he works at the bourse at TSE in Tokyo

The dollar's sharp fall overnight lent modest support to oil prices overnight, with U.S. crude futures ending just 6 cents lower at $81.78. But the contract was down more than 1 percent in Asian trade at $80.77, while Brent crude shed 1 percent to $82.93.
(Additional reporting by Ayai Tomisawa in Tokyo; Editing by Shri Navaratnam and Eric Meijer)

Forex Signal for 16th October 2014

,,

                                                                                


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

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
















EUR/USD
 Up Trend :

 (1) Buy
Entry Point:  1.27820  ( Loss :  -$100 ) we will place a pending order for future trading.
Take Profit:  1.28350
Stop Loss:   1.27620
  
                                    

GBP/USD
Up Trend:  

(1)Buy
Entry Point:  1.59870   ( Loss :  -$100 ) we will place a pending order for future trading
Take Profit:  1.60400
Stop Loss:   1.59670

NOTE: The above posted Signals are  Generated 23hrs GMT delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

Dollar drops on disappointing U.S. retail sales, wholesale pricing data


Investing.com - The dollar weakened against most major currencies on Wednesday after disappointing U.S. retail sales and wholesale pricing reports sent investors rethinking the pace at which the Federal Reserve may raise interest rates.


In U.S. trading on Wednesday, EUR/USD was up 0.92% at 1.2774.
The Census Bureau reported earlier that U.S. retail sales fell 0.3% last month, exceeding forecasts for a 0.1% decline, after expanding 0.6% in August.
Core retail sales, which exclude motor vehicles and parts, dropped 0.2% in September, defying expectations for a 0.3% gain, after rising 0.3% the previous month.
A separate report showed that U.S. producer price inflation slipped 0.1% in September, disappointing expectations for a 0.1% rise, after a flat reading in August.
September's year-on-year PPI rose 1.6%, missing expectations for a 1.8% gain.
Elsewhere, the Federal Reserve of New York reported that its manufacturing index tumbled to a six-month low of 6.2 in October from 27.5 in September. Analysts had expected the index to tick down to 25.5 this month.
Wednesday's data sent investors rethinking how fast the Federal Reserve will move to tighten policy in 2015, which battered the dollar and gave investors room to overlook Tuesday's soft data out of Europe.
The ZEW Centre for Economic Research reported Tuesday that its German economic sentiment index fell to -3.6 this month from September’s 6.9 reading. Analysts had expected the index to come in at 1.0 in October.
The index of euro zone economic sentiment plunged to 4.1 in September from 14.2 in August, well below expectations for a decline to 7.1.
A separate report showed that euro zone industrial production contracted 1.8% in August from July, outpacing expectations for a 1.6% decline. July's figure was revised to a 0.9% rise from a previously estimated 1.0% increase.
Year-on-year, industrial production fell 1.9% in August, surpassing expectations for a 0.9% decline and after rising at a rate of 1.6% the previous month.
The dollar was down against the yen, with USD/JPY down 0.89% at 106.11, and down against the Swiss franc, with USD/CHF down 1.02% at 0.9440.
The greenback was down against the pound, with GBP/USD up 0.17% at 1.5930.
Data released earlier revealed that the U.K. claimant count declined less than expected in August, although the unemployment rate fell to the lowest level since October 2008.
The U.K. Office for National Statistics said that the claimant count fell by 18,600 last month, missing expectations for a decline of 35,000 people. The August figure was revised to a drop of 33,200 people from a previously reported decline of 37,200.
The report also showed that the rate of unemployment declined to 6.0% in the three months to August, compared to expectations for a reading of 6.1% and down from 6.2% in the three months to July.
The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.17% at 1.1278, AUD/USD up 0.84% at 0.8786 and NZD/USD up 1.61% at 0.7968.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.76% at 85.25.
On Wednesday, the U.S. is to release the weekly report on initial jobless claims as well as data on industrial production and manufacturing activity in the Philadelphia region.