Free Forex Signal Service

Best Forex Trading Signals

2011-05-28T21:17:00.000-07:00

There are only a few forex trading signals providers that are genuinely consistently profitable month once month. There are many that claim to be and have spectacular looking performance records however fairly often it transpires that they massage their numbers, and use hypothetical figures in their calculations, instead of trade their signals themselves.

I've bump into many different forex signals providers in my time. It's exhausting to not because the internet's packed with them. Nearly all of them have turned out to be a waste of your time. i assumed i might found a great site a moment back within the shape of Forex Live pro, however once having many highly profitable months, even they ended up happening a losing streak and have since closed down.

That's why there's only one company that I'm more than happy to recommend and that's Forex Smart Pips Trading System

Forex Trading System That Proven

2010-11-15T22:49:00.000-08:00

As a trader, you must be willing to admit that it is difficult to Forex Trading. Trade is ruthless. It is hard business. You must have the competitive advantage to survive and succeed in the forex market. For years, the so-called expert centers, most destructive myth - that is to say, success in business, you need to forecast or predict the future.

Nothing could be further from the truth. The fact is that the attempt, the future evolution of prices is undoubtedly lead to failure and frustration unnecessary. To succeed in the foreign exchange market, you just have to do two things:

Type in the trend.
The exact date.

You may not complicated and confusing or basic technical analysis to trade successfully. Systems, scientific logic and best approaches to foreign currency are well and will continue to do so for many years to come. For an amazing indicator identification and jump in the development with great accuracy, the head here

Forex Robot Mafioso

2010-04-09T23:30:00.000-07:00

What I'm about to share with you is the results of 2 years of battle-hardened, proven, intensive research.

Until now, I haven't shared this with anyone... but for reasons I'll explain later, I'm going to open up my bag of tricks to a select few.

But before we get into that, I suppose I should tell you:

Everything I Share With You Defies Conventional Wisdom. If you're a newbie or unexperienced trader, that's great - you won't have to unlearn anything. But if you've been around the game for a while, you might be scared when you see that my near failproof system:

100% automated trading software without human intervention Works best for people with little capital Has been proven to generate $4958.87 from one single trade Requires implementation in 5 minutes a day Requires zero discretion Can be used by people who don't even know what "indicator" means

I tell you this because if you're one of the traditional thinkers, you'll probably want to leave now - this is only going to bother you. Buy Forex Mafioso With The Low Price $15

London Forex Rush System Software

2010-04-09T09:47:00.000-07:00

London Forex Rush (By Al Russell) is a piece of forex software which is a "100% automated" solution for intra-day trades.

It's been specifically designed for intra-day traders and for the GBP currency too, but this doesn't mean that swing traders can't take advantage of it since this software apparently just needs 2 hours a day to commence trading.

The package is so focused on "London", not only because it was created there but also because the system has been designed to work as soon as the London market opens to commence trading in that market from the word "go".

This doesn't mean that you can't use it if you're in another country, however... and many are with what appears to be some genuine success.

The London Forex Rush system is pretty strong but it does have its weaknesses. Not only is it limited on the amount of long-term profit you can expect from the system, but with its whole core based on a volatile market, the waters look choppy for anyone trying to scrape an easy profit with this system.

Many customers of Al's have actually commented that this software does work "in principle" but the actual physical profit-making signals are unfortunately not there at a time when you need them. I.E the software only shows trends after 10 hours which means that it could result in plenty of bad trades for the AUD/GBP.

Our advise is that, if modified, this system really can earn some nice profits... but you can't afford to let it do the work for you because it's such a high risk piece of equipment.

Buy London Forex Rush System Software Here

Forex Daily Signal Date: April-09-2010

2010-04-08T23:07:00.000-07:00

Forex Daily Signal date: 04/09/2010 04:07 GMT

Order Status: Pending

Currency Pair: EUR/JPY
Buy/Sell: Buy
Entry: 124.15

Target 1: 125.25
Target 2: 126.10
Target 3: N/A

Stop: 123.40

Nice Pips :D

Daily Forex Analysis and Predictions for April 8, 2010

2010-04-08T11:30:00.001-07:00

It is complicated day, because there are a lot of news for today.

EUR/USD
It is more likely to go down to around 1.3330, and after that, it might have potentially to go up to around 1.34 or higher.
(Current Price: 1.3351)

GBP/USD
It is more likely to go down to around 1.5220 or lower, and after that, it might have potentially to go up to around 1.5320.
(Current Price: 1.5242)

AUD/USD
It is more likely to go up to around 0.93
(Current Price: 0.9275)

USD/JPY
It is more likely to go up to around 93.60 or may be 94, and after that, it might have potentially to go down to around 93.50.
(Current Price: 93.28)

USD/CHF
It is more likely to go up to around 1.0750, and after that, it might have potentially to go down to around 1.07 or lower.
(Current Price: 1.0731)

Forex Killer Versions 4.12 Software

2010-04-08T11:30:00.000-07:00

Forex Killer Features:

1. It is used by professionals & beginners alike with no experience whatsoever.
2. You can start with as little as $500 USD on a real forex account or learn the ropes on a demo account without risking any real money at all.
3. It works with all trading platforms because it is an independent program. You just have to feed it with market data and follow it's trading advice
4. It was developed by a mathematics professor, a behavioral psychologist and an experienced forex trader.
5. It works in any country and with any broker.
6. A highly profitable system that lets you earn thousands of dollars each day.
7. It applies to each and every currency pair and any financial market.
8. Reliable and consistent. It's stand-alone software!
9. It can be tested without having to risk any trading capital!
10. Can be used anywhere at any time because the market is always open!
11. Breathtakingly simple. It's easily and quickly understood by the average independent trader as well as newbies!

You can Download the software INSTANTLY after the purchase and begin making money within minutes!

I am sure you will enjoy the tremendous benefits the Forex Killer will bring you.

Get The Latest Forex Killer V.4.12 Software Here

Decompiler Ex4 to Mq4 v.224 Software

2010-04-08T10:09:00.000-07:00

Very often our computers crash, sending hours and hours of our life into nowhere. And when work makes money for us, we'll make anything to recover lost source codes. Since decompiling of foreign work is prohibited in many countries. You can buy here software to recover your source code, without giving your work into other hands.

Currently I am offering software for decompiling (recovering) MetaTrader 4 (MT4) ex4 files into source code Metaquotes mq4. Buy Decompiler Ex4 to Mq4 v.224 Software

Forex Dominion Software

2010-04-08T09:26:00.000-07:00

A secret trader will be releasing his work-almost-every-time Forex Dominion system that just generated a crushing $41,524 pay month. And he has created a special publication that gives you solid PROOF that it works... and goes over all the fine points of this system:

The goal of this proven, step-by-step system is to help you become more profitable with forex trading and bring you at least $800 a day... all within 30 days from now.

But before you get too excited, there's something you should know:

If you're already a successful trader that makes at least $15,000 each month, please don't apply

The reason is very simple. Because only a few copies of Forex Dominion will be released, he wants to make sure only those who need it the most will get a copy. That said, these coveted spots will be gone very quickly. So, if you're interested, please give it serious thought.

Here's some of what Forex Dominion can do:

- Analyze market trends with stunning ease and accuracy
- Determine the precise enter and exit points, and exactly when to take the profits.
- Generate the valuable data you need to make an informed decision
- You can start with as little as $250 USD on a real account or experiment on a demo account.
- It works with absolutely any forex broker.
- Reliable and steadfast.
- It can be tested without having to risk any trading capital.
- Can be used anywhere at any time because the market is always open.
- It can't get angry or greedy... so it allows YOU to operate at 100% efficiency.
- And much much more...

Whether or not you decide this system is right for you, I think this special course will inspire you to "take action" and move toward trading success. After all, if a guy like him can make it with no degree, no special skills, or capital.... Then there's no reason you cannot succeed with Forex Dominion.

Buy Forex Dominion Software $15 Here

Forex Phantom - Automatic Forex Robot Trading Software

2009-09-28T20:06:00.000-07:00

While you're wasting your time and money trying to understand the Forex market, others make a fortune. It's been so long that one of your thoughtful investments earned income that you are the point of forgetting it all, thinking that others must have a magic trick up their sleeves, because they can earn a lot and you can not.

But there is no magic. The most successful Forex traders use automated trading robot like Forex Phantom. These people are no smarter than you, nor do they have inside sources that help to predict better than you. They simply rely on the Forex Phantom for all their trading activities, as it acts as a super calculator odds quickly as well, and it makes the trade so simple that anyone with a small budget can begin.

The best thing is that you do not have to be a sort of computer geek to start using Forex Phantom. All you have to do is get an account and then download and install the software on your computer right away. The friendly interface and can take you through your trading experience step by step, so all you have to worry about is the budget for initial investment, you're ready to grow.

Forex Phantom helps those who would otherwise stand no change is the constant evolution of the Forex market. People are not computers, they can not predict the rapid changes and store millions of heads of their possible merger or investment. But the robot can, and it leads to the most appropriate action, in seconds, is why so many people use it and are satisfied with their earnings.

Forex Phantom will revolutionize the world of forex.

If you want to Pull Six Figures Twice in less than a year, even if you know absolutely nothing about the trade?

Then you should check - The Forex Phantom

Analysist Today August 07 2009

2009-08-07T01:05:00.000-07:00

Euro, GBP, AUD, and other currencies weakened against the USD & Yen from yesterday evening until this morning because of profit taking action for investors in global stock exchanges. Shortly after the UK interest rate announcement at 18:00 yesterday afternoon, start running GBP decline as much as 200 points higher, ie from 1.7000 to 1.6800 U.S. dollar per pound.

Bank of England Governor Mervyn King said that the BoE will ensure the UK economy will be stable despite inflation diterpa. BoE funds yesterday issued a 50 billion pound ($ 84 billion) for the purchase of assets and treasury banking. BoE economist said that the action is premature. Total current funds BoE has issued 175 billion pound bailout package as the UK, equivalent to 12 percent of gross domestic product. "It's a gamble," said Peter Dixon, a London-based economist and also at Commerzbank AG, the second-largest bank in Germany. "The more we remove the funding for the problem of inflation in the UK, the greater the potential risk of loss will occur."

Inflation in the UK will be the fastest in the G7 group of countries in the next year. The critics said Andrew Milligan, head of global strategy at Standard Life Investments Ltd in Edinburgh and a former UK Treasury official said: "I do not think it's a gamble," "I see little harm in expanding the quantity of liquidity at this time. When all this bailout policy have produced the recovery."

The Dollar May Lose the Recent Gains Today

2009-06-04T00:38:00.000-07:00

EUR/USD (1.4163)

European & US sessions forecast levels: 1.4040/1.4340

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 8:30 AM Initial Claims, Productivity-Rev, 5:00 AM EU Retail Trade, 7:45 AM ECB Interest Rate Announcement.

Daily Strategy: The dollar recovery against the euro yesterday. But the chances to keep the recent gains are not so high. The chance for euro fast recovery of the recent losses rises every hour. The most important event today is the ECB interest rates decision. Jean-Claude Trichet is the man who makes surprises as everything is expecting. The most expecting scenario is to leave the interest rates unchanged at 1.00%. But the comments will be more interesting that will show how ECB sees the world recession. The trading strategy today is to wait to buy on dips movement.

Best Forex Software, Performance Wise

2009-05-30T00:48:00.000-07:00

The forex software and services industry has literally exploded in recent months and there are a lot of garbage thrown on the consumer to see that for them. Therefore, the task of assessing the forex software works best can be daunting.

The problem with most forex software, particularly in the context of the "expert consultants" category is that they simply can not adapt to the market conditions are good enough to sudden and unpredictable movements caused by external factors.

It is a fact that the markets, whether stock or Forex, behave according to certain patterns that tend to repeat themselves over time, ie, allowing some to predict what will happen next, as this the science, if you are behind - many forex software.

However, these patterns are not constant, but it evolves, and this requires that the same dealer, or at least a strategy for each market condition. Most forex software will not have the ability to develop, nor do they have a strategy for trading in a position with a constantly changing market.

For this reason there is often great results in testing, but if you go ahead, download and use and many forex software everyone is entitled to the best-wipe your equity in a matter of days, since the fact that thing is that what in the past, not necessarily today or tomorrow.

Therefore, that in order to ensure that you are the best forex software on the basis of performance, you must be looking for alternatives, not just in the past, but in today's world. This will tell you that they are adaptable enough to make them profitable today and tomorrow.

Very few forex software and services have dared to step to show how they live trading accounts, the performance of the software on a daily basis, because it obviously represents a great danger for developers who complained about the inadequacy of their products openly in the event that the results are not what people expect.

Therefore the best forex software is definitely the need, within the meaning of a real live results and not just back-testing, because the quality of these products can only be done by their performance.

Are You a Foreign Currency Trading Beginner?

2009-05-15T05:16:00.000-07:00

The forex, or FX / Forex as it is also known, is the largest market in the world, dwarfing the stock and shares market. According to the Bank for International Settlements, somewhere in the region of 3.2 trillion U.S. dollars exchanged every day. This can be a little daunting for the beginner forex, but not everything is lost. With the advent of currency trading at home pages, a computer, an Internet connection and some diligent research, it means that you are now trading with as little as $ 250

A cursory look at the millions of websites will reward the novice with a variety of free study and training opportunities offered by online webinars and training videos, to downloadable trial programs and dictionaries of all terms and jargon you need to trade with confidence . Take time to research your leap into the deep end, without the requisite knowledge, could cost you and your family is more important, expensive.

There are a number of excellent blogs say that the complex problems in a way that the layperson can easily understand, and leave comments and questions if you have any difficulties, a certain concept. You will notice that there are many who even in a position, and they are only too happy to help.

As a forex beginner need not be so scary as it first appears, but there is no substitute for plenty of research and understanding, not just the terminology of the foreign currency rates, but the processes that are lurking in the deeper recesses of the financial markets. Forewarned is forearmed!

Is there a better way for a beginner to learn than to learn from the professional dealers themselves! I had the opportunity to talk to a 20-year-old professional and Forex Now is your chance to use the information he gave me.

The recovery of the US economy raises the risk appetites

2009-05-12T03:44:00.000-07:00

EUR/USD (1.3662)
European & US sessions forecast levels: 1.3490/1.3740
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus:
Daily Strategy: The recovery of the world largest economy is on the way. It’s starts strong recovery of the euro at the end of the last week. The recovery of the economy raises the risk appetites. The dollar will remain under pressure this week due too expecting positive news for the world locomotive. The bottom is reached according to many investors that will start with fast risk positions. The trading strategy today is opening long positions, as buy on any downward correction.

The dollar gains although the bad US unemployment rate report

2009-03-09T02:34:00.000-07:00

EUR/USD (1.2640)
European & US sessions forecast levels: 1.2455/1.2755
Trend Sessions: European: Neutral/Downward
US: Neutral

Daily Strategy: There are not key economic events today. The dollar starts the new week with recovery although the negative Friday report for the US unemployment rate. The recovery of the dollar will continue this week. The key support level is at 1.2455 as the break below opens the way for levels of 1.23 and then 1.21. The trading strategy is opening short positions as sell on high movement. The traders turns to the dollar stability in a moment when the world economy seems is in worse situation than the expected.

EUR/USD is on the way to reach 1.39

2008-12-15T01:08:00.000-08:00

Market Focus: 8:30 AM NY Empire State Index, 9:00 AM Net Foreign Purchases, 9:15 AM Capacity Utilization, Industrial Production.
Daily Strategy: The dollar continues to lose against the euro after the Fed actions for weak dollar. The dollar may down to 1.39 till the end of this year against the euro. The multi billion plans to inject in the economy will cause new crisis in the US deficit. The other news moving the dollar down is the expecting Fed interest rates cut with 25 to 50 bps. Some investors even talking about for interest rates level of 0.00%. All these news push the dollar down. The trading strategy is opening long position today.

In October the European PPI Decline; Impact slow Sector Industry

2008-12-02T10:35:00.000-08:00

The survey's leading institutions in Europe, Eurostat, on this day (2 / 12) announced that the Producer Price Index (PPI) member countries of Europe experienced a decline in the month of October. PPI in October experienced a decrease of 0.8%, or the largest decrease since 1990. In addition, the decline in PPI of 0.8% exceeds the estimate, the economists estimate that the PPI would fall only 0.3%.

The decline in October PPI is the impact of the decrease in the price of crude oil in October shows the trend has been weakened to the level of 60 dollars / barrel. The condition is reflected in the decrease in the PPI energy prices fell 2%. While the PPI for goods half finished in October decreased by 1%.

PPI is estimated to be still weakening will continue in the next months until the end of this year. Vibiz Division of Research in Vibiz Consulting estimates that the PPI will still show a weaker oil price, the line will still be at the low level of demand and declining manufacturing sector output.

Movements in the euro against the dollar this evening to strengthening still be thin. Euro is currently in the position of 1.2715 dollars. We estimate that the movement of the euro is still quite vulnerable, given the market still tend to be volatile

Forex Daily Forecast | Forex Signal 01-12-08

2008-12-01T00:15:00.000-08:00

Market Focus: 10:00 AM Construction Spending, ISM Index, 2:00 AM Germany Retail Sales.
Daily Strategy: The trader’s focus is over the interest rates politic of the major banks. It is sure that European Central Bank will cut the interest rates after the confirmation by Trichet. The speculations come with the size of the interest rates cut. It is expecting at least 50 bps cut to levels of 125 bps cut. For today the trading of Euro/Dollar will move up to levels of 1.2760 where is possible turn back below 1.2640.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

LONG

1.2710

1.3080

1.2545

USD/JPY

LONG

95.45

97.40

94.45

GBP/USD

LONG

1.5330

1.5885

1.5155

USD/CHF

SHORT

1.2185

1.1575

1.2245

EUR/CHF

SHORT

1.5440

1.5130

1.5610

EUR/JPY

FLAT

123.10

EUR/GBP

SHORT

0.8500

0.8185

0.8325

AUD/USD

LONG

0.6400

0.7015

0.6400

NZD/USD

FLAT

0.5470

AUD/NZD

LONG

1.1800

1.2350

1.1685

USD/CAD

SHORT

1.2400

1.1890

1.2505

EUR/SEK

SHORT

10.3500

9.8150

10.5600

Safe Trading And Good Luck :D

Forex Daily Forecast | Forex Signal 19-11-08

2008-11-19T00:51:00.000-08:00

Market Focus: 8:30 AM Building Permits, Housing Starts, CPI, Core CPI, 2:00 PM FOMC Minutes.

Daily Strategy: It is expecting very important news for the situation of US economy. The key US housing market probably will show new fall to record low new housing starts cause by the recession. The inflation report is expecting at the same time. The inflation probably will be negative caused by the fall of oil prices and recession. The Federal Reserve will cut the key benchmark interest rates again to 0.5%. On the market the dollar remain flat for the last few weeks is trading without direction. The trading strategy is continuing trading within he trading range.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.2740

USD/JPY

FLAT

97.24

GBP/USD

LONG

1.5005

1.5270

1.4880

USD/CHF

FLAT

1.1976

EUR/CHF

LONG

1.5176

1.5370

1.5075

EUR/JPY

FLAT

123.04

EUR/GBP

FLAT

0.8600

AUD/USD

FLAT

0.6469

NZD/USD

FLAT

0.5705

AUD/NZD

FLAT

1.1785

USD/CAD

FLAT

1.2275

EUR/SEK

LONG

10.1700

10.4500

9.9900

Forex Daily Forecast | Forex Signal 12-11-08

2008-11-12T00:06:00.000-08:00

Market Focus: 5:00 AM EU Industrial Production, 1:00 PM ECB President Trichet Speaks.
Daily Strategy: The recession is in Europe as the European single currency is weak against the dollar. The dollar breaks the key support at 1.2525 but not succeed to hold the gains. In the coming hours are expecting temporary recovery of the euro. The company bankruptcy worldwide is the main factor for the deep of the recession. The symbol of the American power the automotive giant General Motors shares collapse. The massive US company’s bankruptcy will force the trade deficit in near term. The Fed will be necessary to spend new hundred of billions of dollars to help to the companies together with the spend money for the financial sector.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

SHORT

1.2523

1.1650

1.2695

USD/JPY

SHORT

97.69

96.10

98.55

GBP/USD

FLAT

1.5420

USD/CHF

FLAT

1.1878

EUR/CHF

SHORT

1.4911

1.4545

EUR/JPY

SHORT

122.09

117.35

EUR/GBP

LONG

0.8175

0.8305

AUD/USD

SHORT

0.6535

0.6010

NZD/USD

SHORT

0.5740

0.5350

AUD/NZD

LONG

1.1300

1.2000

USD/CAD

FLAT

1.1920

EUR/SEK

SHORT

10.0000

9.6100

10.1200

Forex Daily Forecast | Forex Signal 11-11-08

2008-11-10T22:57:00.000-08:00

Daily Strategy: The bad news for the European locomotive push the dollar to rise against the euro. The key news for the Germany ZEW Economic Sentiment is probably near a record low level, as the financial crisis comes in Germany. Many of the investors predict recession in Germany. In the coming couple of hours even to few days the consolidation at the levels of 1.24/1.31 will narrow at 1.25/1.29. The trading strategy is trading within a short range.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.2685

USD/JPY

FLAT

98.68

GBP/USD

FLAT

1.5610

USD/CHF

FLAT

1.1810

EUR/CHF

FLAT

1.5010

EUR/JPY

FLAT

125.60

EUR/GBP

LONG

0.8175

0.8305

AUD/USD

FLAT

0.6805

NZD/USD

FLAT

0.5900

AUD/NZD

LONG

1.1300

1.2000

1.1250

USD/CAD

FLAT

1.1920

EUR/SEK

SHORT

10.0000

9.6100

10.1200

Forex Daily Forecast | Forex Signal 10-11-08

2008-11-10T00:07:00.000-08:00

Daily Strategy: The key news from Friday for the US jobs market does not move the trading so much. Euro/Dollar is in process of trading at the levels between 1.25 and 1.31. It is starting process of consolidation. The interest rates cut in the Euro Zone and probably new interest rates cut for by Fed also moving the forex market. There are not key economic events for United States today, but there are couple for the Euro Zone. It is expecting not significant movements today. We recommend trading within the trading range today.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.2720

USD/JPY

FLAT

98.68

GBP/USD

FLAT

1.5610

USD/CHF

SHORT

1.1792

1.1550

1.1810

EUR/CHF

FLAT

1.5010

EUR/JPY

FLAT

125.60

EUR/GBP

SHORT

0.8165

0.8005

AUD/USD

LONG

0.6905

0.7235

NZD/USD

FLAT

0.5900

AUD/NZD

LONG

1.1300

1.2000

USD/CAD

SHORT

1.1840

1.1465

1.2045

EUR/SEK

SHORT

10.0000

9.6100

10.1200

Forex Daily Forecast | Forex Signal 06-11-08

2008-11-05T23:06:00.000-08:00

Daily Strategy: After US vote for Obama the markets back to the reality. The recession is worldwide and continues to spread. The European Central Bank will vote today to cut the key interest rates with 50 bps. It is not excepted cut with 75 bps. The Euro is weak today in expectation for ECB decision. But at the same time the Fed probably will needed to cut the interest rates again below 1.00%. All these factors move the dollar with not clear direction.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.2975

USD/JPY

FLAT

98.68

GBP/USD

FLAT

1.5890

USD/CHF

FLAT

1.1714

EUR/CHF

FLAT

1.5010

EUR/JPY

FLAT

128.10

EUR/GBP

SHORT

0.8100

0.7840

AUD/USD

FLAT

0.6910

NZD/USD

LONG

0.6035

0.6350

AUD/NZD

LONG

1.1300

1.2000

USD/CAD

LONG

1.1500

1.1895

EUR/SEK

FLAT

9.9500

Forex Daily Forecast | Forex Signal 04-11-08

2008-11-03T20:46:00.000-08:00

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.2810

USD/JPY

LONG

99.20

102.40

GBP/USD

FLAT

1.5740

USD/CHF

FLAT

1.1714

EUR/CHF

FLAT

1.4550

EUR/JPY

FLAT

125.08

EUR/GBP

SHORT

0.8024

0.7842

AUD/USD

LONG

0.6764

0.7065

NZD/USD

FLAT

0.5900

AUD/NZD

LONG

1.1300

1.2000

USD/CAD

FLAT

1.2010

EUR/SEK

SHORT

9.9000

9.6100

10.0100

Forex Daily Forecast | Forex Signal 03-11-08

2008-11-03T00:20:00.000-08:00

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.2810

USD/JPY

LONG

99.20

102.40

98.10

GBP/USD

FLAT

1.6325

USD/CHF

FLAT

1.1602

EUR/CHF

FLAT

1.4550

EUR/JPY

FLAT

125.65

EUR/GBP

FLAT

0.7850

AUD/USD

FLAT

0.6590

NZD/USD

FLAT

0.5900

AUD/NZD

LONG

1.1300

1.2000

1.0900

USD/CAD

FLAT

1.2010

EUR/SEK

SHORT

9.9000

9.6100

10.0700

Forex Daily Forecast | Forex Signal 23-10-08

2008-10-22T10:07:00.000-07:00

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

SHORT

1.3050

1.2500

1.2950

USD/JPY

SHORT

99.20

97.90

99.75

GBP/USD

FLAT

1.6226

USD/CHF

LONG

1.1610

1.1885

1.1580

EUR/CHF

SHORT

1.4967

1.4750

1.5070

EUR/JPY

SHORT

127.32

124.20

128.35

EUR/GBP

FLAT

0.7819

AUD/USD

SHORT

0.6700

0.6350

0.6830

NZD/USD

FLAT

0.6030

AUD/NZD

FLAT

1.1297

USD/CAD

FLAT

1.2498

EUR/SEK

FLAT

9.9900

Forex Daily Forecast | Forex Signal 20-10-08

2008-10-19T20:26:00.000-07:00

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

LONG

1.3432

1.3685

1.3375

USD/JPY

LONG

101.68

103.55

100.90

GBP/USD

LONG

1.7275

1.7630

1.7130

USD/CHF

FLAT

1.1295

EUR/CHF

FLAT

1.5262

EUR/JPY

FLAT

136.25

EUR/GBP

FLAT

0.7780

AUD/USD

LONG

0.6997

0.7685

0.6810

NZD/USD

LONG

0.6175

0.6350

0.6020

AUD/NZD

FLAT

1.0950

USD/CAD

FLAT

1.1854

EUR/SEK

FLAT

9.9900

Forex Daily Forecast | Forex Signal 16-10-08

2008-10-16T20:18:00.000-07:00

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.3525

USD/JPY

FLAT

100.93

GBP/USD

FLAT

1.7336

USD/CHF

FLAT

1.1295

EUR/CHF

SHORT

1.5200

1.5075

1.5290

EUR/JPY

FLAT

135.88

EUR/GBP

FLAT

0.7855

AUD/USD

LONG

0.6892

0.7235

0.6770

NZD/USD

FLAT

0.5945

AUD/NZD

FLAT

1.0950

USD/CAD

FLAT

1.1854

EUR/SEK

FLAT

9.9900

Forex Daily Forecast | Forex Signal 15-10-08

2008-10-15T20:51:00.000-07:00

Daily Strategy: The world financial system is in a period that is compared like a war. After the totally panic on the markets worldwide all banks start to save the banking systems. The injections of billions of dollars and euros were the only one way to save thousands of banks from bankruptcy all over the world. The European Central Bank president Jean-Claude Trichet said that is necessary to come back the discipline on the financial markets. For today we are expecting mix trading. The trading strategy is trading within the trading range.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

SHORT

1.3490

1.3260

1.3555

USD/JPY

SHORT

99.80

97.90

101.05

GBP/USD

FLAT

1.7336

USD/CHF

FLAT

1.1295

EUR/CHF

FLAT

1.5355

EUR/JPY

SHORT

135.38

132.25

136.65

EUR/GBP

FLAT

0.7855

AUD/USD

FLAT

0.6685

NZD/USD

FLAT

0.5945

AUD/NZD

FLAT

1.0950

USD/CAD

FLAT

1.1854

EUR/SEK

FLAT

9.9000

Happy Trading :)

Forex Daily Forecast | Forex Signal

2008-10-14T00:06:00.000-07:00

Bush administration invests $125B in US banking system
Market Focus: 2:45 AM French CPI, 5:00 AM ZEW Economic Sentiment, EU Industrial Production, German ZEW Economic Sentiment, 12:15 PM ECB President Trichet Speaks.

Daily Strategy: After the agreement to support the banking system in the Euro Zone the euro gain against the dollar. It is follow new signal for US support of the major banks. The Bush administration will invest $125 billion in nine of the biggest US banks. These steps will help to the US banking system to remain active during and after the current recession. The euro will continue to gain today but is not excepted turn down of the upward movement into downward during the US session today.

Signals (Position Summary)

Page

Position

Price

Target

Stop

Page

Position

Price

Target

Stop

EUR/USD

FLAT

1.3410

USD/JPY

LONG

101.77

103.55

100.85

GBP/USD

LONG

1.7410

1.7655

1.7250

USD/CHF

LONG

1.1409

1.1670

1.1295

EUR/CHF

FLAT

1.5260

EUR/JPY

FLAT

134.30

EUR/GBP

FLAT

0.7830

AUD/USD

FLAT

0.7115

NZD/USD

FLAT

0.5945

AUD/NZD

FLAT

1.1375

USD/CAD

FLAT

1.1635

EUR/SEK

LONG

9.6400

9.9000

9.5700

European leaders agreed to guarantee bank borrowing and prevent failures

2008-10-12T22:57:00.000-07:00

EUR/USD (1.3515)
European & US sessions forecast levels: 1.3255/1.3620
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 2:00 PM Treasury Budget.
Daily Strategy: There are not key economic events today but although that is expecting dynamic trading today. The speculations on the market will continue with high volumes and movements into both directions. All banks will be supported in United States and in the Euro Zone. After the weekend decision European leaders agreed to guarantee bank borrowing and prevent failures. After the decision to support all European banks the euro jump during Asian opening. But the panic on the market remains. It is not excepted new speculations for deeper of the bank crisis.

Massive interest rates cut around the world

2008-10-09T09:29:00.000-07:00

EUR/USD (1.3646)
European & US sessions forecast levels: 1.3445/1.3755
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 10:00 AM Wholesale Inventories, 5:00 AM German WPI, German Trade Balance.
Daily Strategy: The major’s world banks act with interest rates correction down. The Fed cut the interest rates with 50 bps to 1.5% while European Central Bank cut the interest rates with 50 bps to 3.75%. The action was surprise for the bourses but as overall the trading remain at the current levels with minimal gains for the euro. The investors do not believe of Bush plan for $700 billion as the shares continue to lose. The low level of the interest rates has the aim to stimulate the world economy growth and to overcome the recession and credit crisis.

Fed to cut interest rates to stimulate US jobs market

2008-10-08T09:31:00.000-07:00

EUR/USD (1.3570)
European & US sessions forecast levels: 1.3445/1.3745
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 10:00 AM Pending Home Sales, 2:45 AM French Trade Balance, French Government Budget Balance, 6:00 AM German Industrial Production.
Daily Strategy: It is necessary to support the US jobs market as Bernanke to act with interest rates cut. The slow down US economy and the high level of unemployment push the speculations for the necessary to continue with the interest rates cut. The inflation remains in normal levels as the oil recovery. The dollar remains flat and in consolidation process because the crisis continue in United States as still is not see the exit. At the same time the EU come in deep crisis cause by US problems. The trading strategy today is to trade within the trading range.

Forex Signal From Forex Signal Generator 06 OCT 2008 released 01.44 GMT

2008-10-06T12:30:00.000-07:00

BUY A GBP/USD 1.7735

take profit 1.7755

stoploss 1.7705

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

ORDER NOT TOUCHED

Forex Fundamental Strategy
The Dollar Gains Continue
EUR/USD (1.3630)
European & US sessions forecast levels: 1.3485/1.3830
Trend Sessions: European: Downward
US: Neutral/Downward
Market Focus: 4:30 AM Sentix Investor Confidence.
Daily Strategy: The dollar continues to gain against the euro after the positive news by the agreement of $700 billion rescue plan. The investors are ready to back while the European Union start to suffer by the credit crisis. The European Central Bank probably will cut the interest rates as will forget about the inflation. The economic growth and credit crisis stay priority for the European Union.

ECB to cut the interest rates with 25 bps next month

2008-10-03T06:31:00.001-07:00

EUR/USD (1.3855)
European & US sessions forecast levels: 1.3745/1.3990
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-farm Payrolls, Unemployment Rate, 10:00 AM ISM Services, 4:00 AM EU Final Services PMI, 5:00 AM EU Retail Sales.
Daily Strategy: The dollar gain against the euro after the raising bets that European Central Bank will cut the interest rates with 25 bps on the next meeting. The credit crisis will push the ECB president Jean Claude Trichet to cut the interest rates. The dollar gains by yesterday generate the bets as for today is possible correction into upward direction. The US jobs market focus is also very important for today as the data will show continue problems with the non-farm payrolls.

Europe is on the way to meet with the same financial crisis like United States

2008-10-01T09:24:00.000-07:00

EUR/USD (1.4120)
European & US sessions forecast levels: 1.4000/1.4240
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 10:00 AM Construction Spending, ISM Index, 2:00 AM German Retail Sales, 4:00 AM Final Manufacturing PMI, 5:00 AM EU Unemployment Rate.
Daily Strategy: The financial crisis come in Europe with full power. The first bank bankruptcy, as the governments start the plans for nationalization. Europe is on the way to meet with the same financial crisis like United States. The euro fall over 400 pips for few hours the biggest fall since introduction. The trading strategy today is open long positions. Some of the traders will take profit today.

The dollar probably will fall close to 1.45 against the euro

2008-09-29T23:08:00.000-07:00

EUR/USD (1.4376)
European & US sessions forecast levels: 1.4260/1.4525
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 9:45 AM Chicago PMI, 10:00 AM Consumer Confidence, 3:55 AM German Unemployment Change, 5:00 AM CPI Flash Estimate, Italian Prelim CPI.
Daily Strategy: The dollar trading is based over the expectations what will happen with the $700 billion plan. The chances for the success agreement between the leading parties are not too much but the Senate will try to help to the economy with the rescue plan. After the dollar gains follow period of return, as the forecast for today is to see the dollar at the levels close to 1.45. The trading strategy is opening long positions today.

The both major parties in US reached to agreement for the $700 billion plan

2008-09-29T03:41:00.000-07:00

EUR/USD (1.4477)
European & US sessions forecast levels: 1.4335/1.4565
Trend Sessions: European: Downward
US: Neutral/Downward
Market Focus: 8:30 AM Personal Income, Personal Spending, 5:00 AM Consumer Confidence, Italian Unemployment Rate.
Daily Strategy: The dollar start the new week stronger, as the optimism for the $700 billion bailout to rescue the U.S. financial system is near. The investors believe in the success of the historical plan to help the financial system. The dollar will continue to gain against the euro today. The trading strategy today is to follow the market and the optimism. The both major parties in United States said that reach to an agreement for the plan on Sunday. This shows a green sign for the $700 billion plan to help the financial system.

US financial system is with last chance of $700 billion plan

2008-09-26T01:03:00.000-07:00

EUR/USD (1.4639)
European & US sessions forecast levels: 1.4520/1.4735
Trend Sessions: European: Downward
US: Neutral
Market Focus: 8:30 AM Chain Deflator-Final, GDP-Final, 10:00 AM Michigan Sentiment-Rev, 2:00 AM German Import Prices.
Daily Strategy: The dollar rallies on optimism for the US economy. After the Congress has agreed on fundamentals of bailout. It seems that this is the only one step to help the crashed US financial system. The investors back with optimism for the US government plan. But the plan of $700 billion may be would not reach and some experts predict the necessary of $1.100 billion to help the financial system. This will cause broad trade deficit in the coming months.

The congress to approves $700 billion risky plan

2008-09-25T12:25:00.000-07:00

The U.S. congress probably will approve the multi billion plan to help the financial system. These speculations were stronger than the economic release today. The Initial Claims continue to jump to 493K, at the same time Durable Orders down to –4.5%. The crisis in the U.S. home sales continue, as the New Home Sales fall to 460 000 for the month by 515 000 a month ago.
The second speculation moving the market is that Bernanke probably is turning to interest rates cut. The latest economic reports show necessary for economy stimulation. “It opens the door a bit further for rate cuts, although it doesn't signal that the committee is at that point already,” said former Fed researcher Brain Sack. The Fed probably will stimulate the economy than inflation fears and will cut the interest rates with quarter percent this year said George Marshal forex analyzer

EUR/USD consolidate in spite the US government $700 billion plans

2008-09-25T00:53:00.000-07:00

EUR/USD (1.4703)
European & US sessions forecast levels: 1.4600/1.48650
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM Durable Orders, Initial Claims, 10:00 New Home Sales, 2:00 AM GfK German Consumer Climate, 4:00 AM Italian Trade Balance, M3 Money Supply, Private Loans.
Daily Strategy: The US government plan to inject $700 billion in the financial system is the top new moving the markets. Some of the investors predict recovery of the US financial system after this fresh injection. But at the same time the pessimistic investors see broad of the trade deficit. The dollar will continue to trade at neutral direction, as any news how successful is the US government plan will move the markets. For today the trading strategy is trading within the trading range.

It’s time for dollar recovery

2008-09-24T00:44:00.000-07:00

EUR/USD (1.4672)
European & US sessions forecast levels: 1.4580/1.4780
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 10:00 AM Existing Home Sales, 4:00 AM Current Account, German Ifo Business Climate, Italian Retail Sales.
Daily Strategy: After the strong euro recovery is time for correction. The market slowly recovery, as the recovery will continue a little more. For today are expecting movements into both directions. The recovery of the dollar will continue but the report for US existing home sales probably will show new weakness in the US housing sector. The Germany Ifo business climate is also very important data for the situation of the European locomotive.

EUR/USD will consolidate at the levels 1.48 these days

2008-09-23T00:44:00.000-07:00

EUR/USD (1.4782)
European & US sessions forecast levels: 1.4640/1.4870
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 2:45 AM French Consumer Spending, 3:00 AM French Flash Manufacturing PMI, French Flash Services PMI, 3:30 AM German Flash Manufacturing PMI, German Flash Services PMI, 4:00 AM Flash Manufacturing PMI, Flash Services PMI, 5:00 AM EU Industrial New Orders, 9:00 AM Belgium NBB Business Climate.
Daily Strategy: The dollar back to the forecast by FS Team a week ago. We are predicting in our earlier forecast the levels of 1.48. At the moment is possible temporary trading close to these levels. Further are possible new movements up to 1.52 but is also possible down correction to 1.45. There are a lot of key data for the Euro Zone today. The dollar will remain weak due too the oil raise to levels of $110. The fears for the fresh money injections in the US bank sector will boost the trade deficit also push the dollar to these levels.

Forex Trading Weekly Forecast - 09.22.08

2008-09-22T00:59:00.000-07:00

Written by Terri Belkas, John Kicklighter, David Rodriguez, Ilya Spivak and David Song, Currency Analysts
Dollar Weakness May Persist on Global Demand For Yield
Euro: Back To The Fundamentals
Japanese Yen Forecast Uncertain on Financial Market Indecision
Empty Calendar Leaves British Pound At The Mercy Of Dollar Flows
Swiss Franc’s Safe Haven Status May Once Again Favor USDCHF Short
Canadian Dollar Could Gain On Retail Sales, Rebound in Oil
Australian Dollar To Rebound as Risk Appetite Returns
Relief Rally Likely For New Zealand, But Broad Outlook Remains Bearish

The Fed has to cut the interest rates once again

2008-09-22T00:51:00.000-07:00

EUR/USD (1.4496)
European & US sessions forecast levels: 1.4360/1.4590
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus:
Daily Strategy: There is not key economic news today. The market will be moving by the speculations. The dollar down to multi-day lows against the euro. The traders expect the crisis in the USA to deeper. The Fed probably will be necessary to cut the interest rates once again to stimulate the economy. For today the forecast is for movements into both directions. There is a chance for dollar recovery during the end of the trading day.

EUR/USD Forex Forecast

2008-09-19T11:16:00.000-07:00

EUR/USD (1.4184)
European & US sessions forecast levels: 1.4050/1.4290
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus:
Daily Strategy: The dollar gain loses by yesterday in the US session. There is a lot of optimism among the investors for the success of US government plan to prevent the deeper bank bankruptcy. The dollar will continue to gain but in short time till the end of the week. It is expecting new problems for the US economy, as the dollar will back at the levels above 1.44 soon. The today’s strategy is opening short positions in the European session. It is possible turn of the downward trend into upward during the US session.

Free GBP/USD Forex Signal.

2008-09-19T11:13:00.000-07:00

TimeForForex.com offers free FOREX trading signals. Trade compare and make profit with the free trading signals of TimeForForex.com.

Free Trading Signal:

Open Long GBP/USD @ 1.7980 SL 1.7920 TP 1.8297.

EUR/USD can close 1.50 in short time

2008-09-18T05:32:00.000-07:00

EUR/USD (1.4350)
European & US sessions forecast levels: 1.4140/1.4480
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Leading Indicators, Philadelphia Fed.
Daily Strategy: The dollar loses against the euro continue after the starting new fears for the stability in US financial sector. After the fresh injection to prevent AIG by bankruptcy follow new fears for new financial crisis. At the same time the latest reports for US housing sector show that the bottom is not reached yet. The starting house and building permits continue to down. The Fed based on all these factors born new speculations for the necessary for interest rates cut again. The dollar remains under pressure as in the coming days can close to the levels of 1.50.

EUR/USD slowly consolidate on the market

2008-09-17T08:34:00.000-07:00

EUR/USD (1.4228)
European & US sessions forecast levels: 1.4085/1.4360
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM CPI, Core CPI, 9:00 AM Net Foreign Purchases, 2:15 PM FOMC Policy Statement, 2:00 AM German Final CPI, 5:00 AM EU CPI, Core CPI, German ZEW Economic Sentiment, ZEW Economic Sentiment.
Daily Strategy: Today is a very rich day of economic events on the both sides of the Atlantic. It is expecting dynamic trading day with high volumes and big movements into both directions. There is not clear forecast except the forecast for movement into both directions today. The one of the most important news are US inflation report, Germany ZEW Economic Sentiment and Fed interest rates decision. It is expecting the Fed to keep the interest rates unchanged at 2.00%.

Lehman Bankrupt - Federal Reserve Firewall Plan

2008-09-15T07:20:00.000-07:00

LEHMAN BANKRUPTCY ON WALL ST - FEDERAL RESERVE PRESS RELEASE

Press Release from The Board of the Federal Reserve System
Release Date: September 14, 2008
For immediate release

The Federal Reserve Board on Sunday announced several initiatives to provide additional support to financial markets, including enhancements to its existing liquidity facilities.

"In close collaboration with the Treasury and the Securities and Exchange Commission, we have been in ongoing discussions with market participants, including through the weekend, to identify potential market vulnerabilities in the wake of an unwinding of a major financial institution and to consider appropriate official sector and private sector responses," said Federal Reserve Board Chairman Ben S. Bernanke. "The steps we are announcing today, along with significant commitments from the private sector, are intended to mitigate the potential risks and disruptions to markets."

"We have been and remain in close contact with other U.S. and international regulators, supervisory authorities, and central banks to monitor and share information on conditions in financial markets and firms around the world," Chairman Bernanke said.

The collateral eligible to be pledged at the Primary Dealer Credit Facility (PDCF) has been broadened to closely match the types of collateral that can be pledged in the tri-party repo systems of the two major clearing banks. Previously, PDCF collateral had been limited to investment-grade debt securities.

The collateral for the Term Securities Lending Facility (TSLF) also has been expanded; eligible collateral for Schedule 2 auctions will now include all investment-grade debt securities. Previously, only Treasury securities, agency securities, and AAA-rated mortgage-backed and asset-backed securities could be pledged.

These changes represent a significant broadening in the collateral accepted under both programs and should enhance the effectiveness of these facilities in supporting the liquidity of primary dealers and financial markets more generally.

Also, Schedule 2 TSLF auctions will be conducted each week; previously, Schedule 2 auctions had been conducted every two weeks. In addition, the amounts offered under Schedule 2 auctions will be increased to a total of $150 billion, from a total of $125 billion. Amounts offered in Schedule 1 auctions will remain at a total of $50 billion. Thus, the total amount offered in the TSLF program will rise to $200 billion from $175 billion.

The Board also adopted an interim final rule that provides a temporary exception to the limitations in section 23A of the Federal Reserve Act. It allows all insured depository institutions to provide liquidity to their affiliates for assets typically funded in the tri-party repo market. This exception expires on January 30, 2009, unless extended by the Board, and is subject to various conditions to promote safety and soundness.

Source:
http://www.federalreserve.gov/newsev.../20080914a.htm

Support, Resistance and Range Forecast

2008-09-12T01:49:00.001-07:00

USD/JPY
Update Time: 12 Sep 2008 06:00 GMT

Range Forecast
107.20 / 107.41

Resistance/Support
R: 107.41/107.94/108.18
S: 106.88/106.42/106.07

--------------------------------------------

EUR/USD
Update Time:12 Sep 2008 06:24 GMT

Range Forecast
+1.4000 / 1.4030+

Resistance/Support
R: 1.4041/1.4073/1.4092
S: 1.3973/1.3914/1.3882

-------------------------------------------------

USD/CHF
Update Time:12 Sep 2008 05:49 GMT

Range Forecast
1.1345 / 1.1375

Resistance/Support
R: 1.1401/1.1419/1.1458
S: 1.1335/1.1293/1.1243
--------------------------------------------

GBP/USD
Update Time:12 Sep 2008 05:54 GMT

Range Forecast
1.7585 / 1.7615

Resistance/Support
R: 1.7679/1.7708/1.7745
S: 1.7542/1.7494/1.7464

--------------------------------------------

Support, Resistance and Range Forecast

2008-09-11T01:06:00.000-07:00

USD/JPY
Update Time: 11 Sep 2008 07:02 GMT

Range Forecast
+107.15 / 107.40+

Resistance/Support
R: 107.94/108.18/108.63
S: 107.10/106.58/106.24

--------------------------------------------

EUR/USD
Update Time:11 Sep 2008 07:03 GMT

Range Forecast
1.3945 / 1.3975

Resistance/Support
R: 1.4011/1.4046/1.4073
S: 1.3933/1.3900/1.3877

-------------------------------------------------

USD/CHF
Update Time:11 Sep 2008 06:06 GMT

Range Forecast
+1.1360 / 1.1390+

Resistance/Support
R: 1.1398/1.1422/1.1458
S: 1.1323/1.1259/1.1243
--------------------------------------------

GBP/USD
Update Time:11 Sep 2008 07:05 GMT

Range Forecast
+1.7515 / 1.7545+

Resistance/Support
R: 1.7542/1.7563/1.7604
S: 1.7471/1.7440/1.7422

--------------------------------------------

Forex Predictions Today

2008-09-10T00:57:00.000-07:00

Wed, 10th of September, 2008
By Setyo Wibowo

EURUSD Outlook
The EURUSD made indecisive movement by opened and closed at almost the same price yesterday (1.4117 and 1.4107). In hourly chart we can see that the pair move in ranging area between 1.4195 and 1.4053, which is the area of 0.0 and 38.2% Fibonacci retracement of my hourly chart. However, at the same time, we have a new hourly bullish channel. CCI in oversold area and heading up on daily chart which also supporting potential bullish correction. My model is mixed with upside bias in nearest term, but neutral in longer term. I think we need a breakout to find clearer direction whether it is a breakout from the ranging area or a violation of the bullish channel to the downside.

EURUSD Daily Supports and Resistances:

S1= 1.4026
S2= 1.3946
S3= 1.3846
R1= 1.4206
R2= 1.4306
R3= 1.4386

GBPUSD Outlook
Similar to EURUSD, yesterday the GBPUSD made indecisive movement by opened and closed at almost the same price (1.7574 and 1.7585). We have a bullish channel on hourly chart. My model is mixed with upside bias in nearest term, but neutral in longer term. Immediate support is seen at 1.7560. Initial resistance at 1.7730. CCI about to cross -100 line up on daily chart suggesting a potential bullish correction.

GBPUSD Daily Supports and Resistances:

S1= 1.7491
S2= 1.7397
S3= 1.7290
R1= 1.7692
R2= 1.7799
R3= 1.7893

USDJPY Outlook
The USDJPY continued it’s bearish momentum yesterday. The pair bottomed at 106.66 and closed at 106.80. We have a valid bearish channel on hourly chart. However, this hourly bearish view is conflicting with daily time frame where CCI in oversold area and heading up as the pair is traded higher around 107.20 at the time I wrote this comment. My model is mixed with no trading zone. Immediate resistance is seen at 107.58. Initial support at 106.66 (yesterday’s low).

USDJPY Daily Supports and Resistances:

S1= 106.23
S2= 105.66
S3= 104.66
R1= 107.80
R2= 108.80
R3= 109.37

USDCHF Outlook
The USDCHF made a soft bearish correction yesterday. The pair attempt to push higher, topped at 1.1362 before hit the bottomed at 1.1212 and closed at 1.1278. My model is mixed with neutral bias. Immediate resistance is seen at 1.1312 followed by 1.1362 (yesterday’s high). Initial support at 1.1247. CCI in overbought area and heading down on daily chart.

USDCHF Daily Supports and Resistances:

S1= 1.1206
S2= 1.1134
S3= 1.1056
R1= 1.1356
R2= 1.1434
R3= 1.1506

Have a great day!

Forex Predictions

2008-09-09T01:14:00.000-07:00

Tue, 09th of September, 2008
By Setyo Wibowo

EURUSD Outlook
The EURUSD failed to maintain it’s bullish correction yesterday. After failed to move consistently above 1.4410 resistance level, the pair sharply fell, bottomed at 1.4053 and closed at 1.4118. My model is short targeting 1.3930. Immediate resistance is seen at 1.4142. CCI in oversold area on daily chart and heading up so watch out for a minor upside correction.

EURUSD Daily Supports and Resistances:

S1= 1.3971
S2= 1.3824
S3= 1.3596
R1= 1.4346
R2= 1.4574
R3= 1.4721

GBPUSD Outlook
The Sterling suffered the biggest losses against Greenback yesterday. The pair moved 504 pips, bottomed at 1.7470 and closed at 1.7579. My model is short targeting 1.7320. Immediate resistance is seen at 1.7588 followed by 1.7662. CCI about to cross -100 line down both on hourly and 4h chart suggesting a potential bearish view.

GBPUSD Daily Supports and Resistances:

S1= 1.7374
S2= 1.7170
S3= 1.6870
R1= 1.7878
R2= 1.8178
R3= 1.8382

USDJPY Outlook
The USDJPY failed to maintain it’s bullish momentum yesterday. The pair bottomed at 107.42 and closed at 107.56. We have a new bearish channel on hourly chart. My model is mixed with downside bias. Immediate resistance is seen at 107.81 followed by 108.22. Initial support at 107.05. CCI just cross -100 line down on daily chart suggesting a bearish view.

USDJPY Daily Supports and Resistances:

S1= 107.56
S2= 106.98
S3= 106.22
R1= 108.90
R2= 109.66
R3= 110.24

USDCHF Outlook
The USDCHF continued it’s bullish momentum yesterday. The pair topped at 1.1370 and closed at 1.1315. We have a valid bullish channel on hourly chart. My model goes long targeting 1.1420. Immediate support is seen at 1.1278. CCI in overbought area and heading down on 4h chart so watch out for a minor downside correction.

USDCHF Daily Supports and Resistances:

S1= 1.1170
S2= 1.1026
S3= 1.0926
R1= 1.1414
R2= 1.1514
R3= 1.1658

Have a great day!

Forex Trading Weekly Forecast - 09.08.08

2008-09-07T15:11:00.001-07:00

The US dollar faces substantial event risk, but this week is a bit different from others as the release of economic indicators may prove to be rather unimportant. Instead, the greatest threat to the US dollar is the fate of Fannie Mae and Freddie Mac. Shares of the two mortgage giants plummeted after Friday’s stock market close amidst speculation that the US Treasury will announce plans to inject capital over the weekend.

$ Dollar Depends On Fate of Fannie Mae, Freddie Mac This Week
€ Euro Reversal Depends On ‘Relative’ Outlook For Rates And Growth
₤ British Pound Could Recover on Unwind of Record Short Positions
¥ Japanese Yen To Take Guidance From Bailout Rumors, Carry Plunge
₣ Swiss Franc Direction Split Between GDP, ECB Decision And Carry
C$ Canadian Dollar May Fall On Global Growth Concerns
AU$ Australian Dollar Under Pressure as Yield Spreads Shrink
NZ$ New Zealand Dollar Selling to Retain Momentum as RBNZ Cuts Again

Forex Signal For Major Currency

2008-09-05T06:23:00.000-07:00

EUR/USD 1.4317 - 5 September
EUR/USD Open 1.4669 High 1.4546 Low 1.4226 Close 1.4260

The Euro continued descending significantly yesterday against the US Dollar from Thursday's top 1.4546 to the bottom 1.4226, which are the first resistance and support levels respectively for the currency couple today. If the negative trend is renewed as we expect for today, next support is expected at 1.4155, followed by 1.4090. In upward direction next resistance for today is expected at 1.4600, the break of which would lead to next target 1.4660.
Technical resistance levels: 1.4545 1.4600 1.4660
Technical support levels: 1.4225 1.4155 1.4090

Trading range: 1.4330 - 1.4265
Trend: Downward
Sell at 1.4317 SL 1.4347 TP 1.4277

GBP/USD 1.7624 - 5 September
GBP/USD Open 1.8206 High 1.7854 Low 1.7539 Close 1.7610

The British Pound also descended significantly yesterday against the US Dollar from Thursday's top 1.7854 to the bottom 1.7539, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues as we expect for today, next support is expected at 1.7475, followed by 1.7390. In upward direction next resistance for today is expected at 1.7910, the break of which would lead to next target 1.8000.
Technical resistance levels: 1.7855 1.7910 1.8000
Technical support levels: 1.7540 1.7475 1.7390

Trading range: 1.7635 - 1.7570
Trend: Downward
Sell at 1.7624 SL 1.7654 TP 1.7584

Forex Predictions Today

2008-09-04T02:54:00.000-07:00

Sep 4, 2008

GBP/USD down (Sell) At Time : (Time 11.00 GMT)

EUR/USD down (Sell) At Time : (Time 11.45 GMT)

FOREX TRADER ANGER MANAGEMENT

2008-09-03T09:24:00.000-07:00

Before your trade time you need more aware of your emotions throughout the day. It’s not a good idea to let stress, worry, disappointment or any other negative emotion build up. Otherwise that emotion will take over you and you will engage become an emotional trader. Becoming aware will help you pause before you deal with tough emotions.

Have you ever came home from a full stressfull forex trading day? Instead, sometimes food can help you out of this, maybe it was ice-cream, pizza, cookies or potato chips. Do relaxed the whole night, probably watching tv or surfing the net. You maybe even promised yourself that from now on you will never stress again. However, deep down you know that when you engage in emotional you lose trading control.

Spare you time for alternate Relaxing Activities such as a long walk, going for a bike ride, taking a nice warm shower, taking a nap, calling a friend and sharing details about your day, listening to your favorite music, or watching your favorite movie also will refresh your body and mind and made you ready for next trading day.

And the last important thing was you must have ability to forgive yourself, accepting any losses, wrong decission or human error in trading, that’s okay because we are human rigth? You will need to go easy on yourself. It probably took you years to build unhealthy emotional habits. As a result aim for slow gradual progress rather than perfection. There will be times where blame yourself and accept that then forgive yourself when you do it. At the same time, work on becoming more aware of your emotional condition. You will gradually see progress and be able to control yourself and ready for next battle.

Forex Predictions Today

2008-09-03T01:20:00.000-07:00

| Realease 8.00 GMT |

EUR/USD : 1.4410 - 1.4350 (Bearish)
GBP/USD : 1.7725 - 1.7650 (Bearish)
AUD/USD : 0.8225 - 0.8145 (Bearish)
USD/CHF : 1.1020 - 1.1145 (Bullish)
USD/JPY : 108.25 - 109.35 (Bullish)
USD/CAD : 1.0630 - 1.0745 (Bullish)

Forex Market Outlook

2008-09-03T00:53:00.000-07:00

INTRA-DAY AUD/USD OUTLOOK:

0.8298

| 03 Sep 2008 06:39 GMT |

Aussie's rebound fm 0.8238 suggests an intra-day
low has been formed n consolidation with upside
bias is seen for correction of recent decline to
0.8310/20, however, reckon minor res at 0.8343 wud
limit upside n bring retreat.

Below 0.8270 wud yield another fall to 0.8238 n
then 0.8215/20. Stand aside in the meantime...

Range Forecast
+0.8275 / 0.8300+

Resistance/Support
R: 0.8343/0.8373/0.8393
S: 0.8270/0.8238/0.8200

How To Think Like A Winning Day Trader

2008-09-02T12:11:00.000-07:00

At the start of trading day

Step 1 - Close your eyes, and remind yourself of the truths of Trading “Trading is all about probablities”. Write this on a yellow Post-It note and stick it to your monitor. Permanently.

Step 2 - Mentally see yourself following your trading plan. Entering a trade on signal. Exiting at the right time. Trading the right size for your account.

Step 3 - Visualize each trade as a tiny part of a big picture. You might want to visualize it as a matrix, with 100 boxes. Each trade unimportant compared to the overall scheme. Create your own image for this. (your own is best) Trading is a visual process. The point is you need a visual metaphor to distance yourself from the immediacy of the real-time trading. Anything.

Download Ebook How To Think Like A Winning Day Trader

Forex Signal 02 SEPT 2008

2008-09-01T21:58:00.000-07:00

| Forex Signal | released 22.05 GMT |

GBPUSD Daily Supports and Resistances:

S1= 1.7941
S2= 1.7890
S3= 1.7797
R1= 1.8085
R2= 1.8178
R3= 1.8229

SELL GBP/USD
1.8027

take profit 1.8007

stoploss 1.8057

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

Forex Trading Weekly Forecast

2008-09-01T00:48:00.000-07:00

Support & Resistance sept 1-5, 2008 with Fibonnaci Retracment

Event risk this past week boasted a significant probability of volatility and potentially a breakout from the dollar’s recent congestion. Looking at the week ahead, the potential for a major greenback move are doubled with a number of first tier indicators anchored by the market’s top billed non-farm payrolls release. Looking at this end-of-the-week gauge first, the labor report will have a greater influence on the fundamental outlook on the US economy (and its currency) than usual. This time around, the leading economic indicator will be measured against last week’s strong 2Q GDP revision and the hawkish comments from the FOMC minutes.

$ Dollar Boosted By GDP, But Will NFPs Do The Same?
€ Euro Looks To ECB Decision And Comments For Direction
₤ British Pound May Fall Further With Rate Decision Pending
¥ Japanese Yen: Carry Trade Flows Continue To Guide Price Action
₣ Swiss Franc Direction Split Between GDP, ECB Decision And Carry
C$ Canadian Dollar Strength Relying On Oil And Growth
AU$ Australian Dollar Could Freefall Following Rate Decision
NZ$ New Zealand Dollar to Remain Pressured By Looming Rate Cuts

GBP/JPY: Bearish Sentiment

2008-08-29T06:34:00.000-07:00

| Fri, Aug 29 2008, 13:16 GMT |

The GBP/JPY has drawn a good downtrend line. Bearish sentiment is not like to end any time soon. Immediate support is seen at 198.40, while dynamic support is seen at 198.00 (currently the pair is hovering around 198.70).

If we see a break of the supports, the 192.00 region would be considered. On the other hand, if the pair gets a good support around 198.40, attempting long would be challenged in a short term trading.

Daily Report: Sterling Remains Weak in Otherwise Mixed Markets

2008-08-29T01:43:00.000-07:00

Market Overview | Aug 29 08 07:43 GMT |

The forex markets continue to be generally mixed this week without follow through buying or selling. The exception is Sterling which remains pressured in particular against yen and euro. Note that GBP/JPY is now trying to get rid of 199.78 support level while EUR/GBP is now back above 0.8 level and is set to take on recent high at 0.8098. UK Gfk consumer confidence unexpectedly improved from -39 to -36 in Aug. There are some speculations that Chancellor Darling and Housing Minister Flint are proposing to announce emergency measures for the UK mortgage market. But neither of the news offer much support to the pound.

Euro remains steady but lacks follow through buying against the greenback and yen. Focus will turn to flash HICP inflation in Aug which is expected to slow slightly to 3.9% yoy. Unemployment rate is expected to be unchanged at 7.3% in Jul. Sentiments indicators are expected to deteriorate slightly in Aug. After all, the direction in Euro will likely be driven by that is dollar and yen. Swiss KOF indicator will also be featured in European session and is expected to drop from 0.9 to 0.83 in Aug.

Dollar continues to be bounded in tight range against most major currencies. The anticipated confirmation of short term bottom in EUR/USD and AUD/USD hasn't happened yet but risk in both pairs are still on the upside. Indecisive moves in the energy markets are not giving a clear direction to the greenback neither. Though, there are rumors that Russia may cut oil flow to Western Europe in the coming days and if that happens, will likely be dollar negative. On the data front, personal income and spending report will catch most attention from US today and is expected to show -0.2% fall and 0.2% rise in Jul respectively. Headline PCE is expected to climb further to 4.4% yoy and core PCE is expected to climb to 2.4% yoy. Chicago PMI is expected to drop slightly to 50 in Aug. U of Michigan survey is expected to finalize at 62, slightly above preliminary reading of 61.7.

Canadian GDP will also be another focus in the US session and is expected to recover by 0.1% mom in Jun with annualized rate at 0.7% in Q2.

Data released from Japan showed general improvements. Unemployment rate dropped from 4.1% to 4.0% in Jul. Retail sales jumped more than expected by 1.9%. Housing starts rise further to 19% yoy. INdustrial production unexpected posted 0.9% mom gain in Jul, with yoy rate at 2.0%. Manufacturing PMI dropped less than expected to 46.9. More importantly, national CPI climbed to decades high of 2.3% yoy in Jul. But after all, markets showed little reaction to Japanese data as usual.

Forex Prediction

2008-08-29T01:27:00.000-07:00

EUR/USD : 1.4560 - 1.4910 (Sideways)
GBP/USD : 1.8220 - 1.8560 (Bearish Trend)
AUD/USD : 0.8460 - 0.8830 (Sideways)
USD/CHF : 1.0850 - 1.1050 (Bearish Trend)
USD/JPY : 108.00 - 110.26 (Bearish Trend)
USD/CAD : 1.0410 - 1.0575 (Bullish Trend)

Forex Market Daily Update

2008-08-28T10:02:00.000-07:00

| Aug 28 08 15:25 GMT |

News that the U.S. economy expanded at a surprising 3.3% annual growth in the second quarter triggered US dollar gains. Today's data boosted confidence that the credit market turmoil and high oil prices will not push the economy into a recession. Higher exports, declining imports, and improved consumer spending helped boost the growth rate to 3.3% from its fragile 0.9 percent growth in the first quarter. Meanwhile, jobless claims fell by 10,000 last week, but still at high levels suggesting that the U.S. labor market is still weak. U.S. interest rates are expected to remain on hold in the near-term. Sluggish economic data overseas in Europe and Asia will continue to support the dollar's upward trend.

The euro held gains, benefited from a surge in oil prices. Talk that euro zone interest rates may remain on hold at 4.25 percent to combat inflation helped the euro retain its strength. Yesterday, European Central Bank council member Axel Weber surprised the market and said any talk about interest rate cuts in the euro zone is premature and that a rate hike may be needed once the economic outlook “brightens” in the euro zone. His comments suggest that the central bank remains focused on inflation.

The British Pound Sterling tumbled further, hurt by a slump in UK house price data. British house prices fell 1.9 percent in August, reporting its biggest annual drop since 1991. Recent data out of Britain have been really weak. Thus, recession fears will continue to weigh on the sterling.

The Japanese yen is trading slightly higher as investors continue to reduce their exposure of foreign assets. However, the yen is expected to remain weak on worries that Japan's economy shrank during the second quarter. Risk aversion is expected to provide occasional support to the yen in the near-term.

The Australian dollar received a boost from news that second quarter capital spending jumped 5.7 percent, almost three times the estimate, easing the chance of a rate cut on September 2. The data balanced out weak second quarter construction work data on Wednesday. A rebound in gold prices also supported the Aussie dollar.

The New Zealand dollar also climbed, supported by a rise in commodity prices. The Reserve Bank of New Zealand is expected to lower rates by 25 basis points on September 11.

Oil prices topping $120 a barrel boosted the Canadian dollar. However, the market is disappointed that the currency was not able to extend gains further. Currently, the currency is trapped between 1.0400 - 1.0500 against the US dollar. Tomorrow, the market will digest second quarter Canadian gross domestic product data. If the data show signs of a possible recession in Canada, it would increase chance of a rate cut by Bank of Canada on September 3.

Forex Signal For GBP/USD

2008-08-27T22:41:00.000-07:00

Thursday, 08/28/2008 Release 5.45 GMT
Open ---- 1.8355
Resis --- 1.8454
Pivot ---- 1.8376
Supp ---- 1.8298
Daily Trend Bullish
*Chart in Hourly

EUR/USD Daily Outlook

Despite euro's retreat fm y'day's high at 1.4777
to 1.4666, subsequent strg rebound suggests pull-
back has ended there n abv said res wud extend this
week's corrective rise fm 1.4570 twd 1.4809 later.

Turn cautious buyer for this move n only below
1.4712(Aust.) wud abort near term bullishness n may
risk weakness twd 1.4666...

Range Forecast
+1.4750 / 1.4775+

Resistance/Support
R: 1.4777/1.4809/1.4862
S: 1.4712/1.4666/1.4634
*******************************************

Forex Market Outlook on Minors/Crosses

2008-08-27T22:31:00.000-07:00

INTRA-DAY AUD/USD OUTLOOK

Aussie's intra-day rise in line with usd's
broad-based weakness suggests the corrective upmove
fm this week's low at 0.8493 has resumed n further
gain to 0.8655/60 is seen, however, 0.8690 res shud
cap upside due to near term o/bot condition.

Buy on dips with stop as indicated, below wud
abort n risk pullback to 0.8570/75...

Range Forecast
0.8615 / 0.8645

Resistance/Support
R: 0.8639/0.8690/0.8761
S: 0.8600/0.8576/0.8533/0.8493
---------------------------------------------------

Forex Signal

2008-08-27T00:12:00.000-07:00

EURUSD Daily Supports and Resistances:

S1= 1.4557
S2= 1.4471
S3= 1.4370
R1= 1.4744
R2= 1.4845
R3= 1.4931

GBPUSD Daily Supports and Resistances:

S1= 1.8297
S2= 1.8212
S3= 1.8096
R1= 1.8498
R2= 1.8614
R3= 1.8699

USDJPY Daily Supports and Resistances:

S1= 109.22
S2= 108.78
S3= 108.43
R1= 110.01
R2= 110.36
R3= 110.8o

Fed Minutes: Next Move Is to Boost Interest Rates

2008-08-26T13:13:00.000-07:00

By CNBC.com With Wires | 26 Aug 2008 | 02:12 PM ET

Most Fed officials thought interest rates weren't too low at the August meeting, but they also expected their next move would be to boost rates, minutes show.

CNBC.com

The minutes, released Tuesday, provide insight into the Fed's thinking at the Aug. 5 meeting, when policymakers decided to hold their key rate steady at 2 percent for the second straight meeting.

Confronted by problems at every turn—rising unemployment, shaky growth, credit troubles and creeping inflation—the Fed took a gamble that once again the best move was none at all.

"Most members did not see the current stance of policy as particularly accommodative, given that many households and businesses were facing elevated borrowing costs and reduced credit availability" due to fallout from financial market strains and economic problems, the Fed's documents stated.

But looking ahead, the next direction for rates is probably up, according to the documents.

"Although members generally anticipated that the next policy move would likely be a tightening," the timing was far from clear and depended on incoming barometers on economic growth and inflation.

Many economists don't believe the Fed will start to push up rates to fend off inflation until next year.

Speaking last week at a high-profile economic conference in Jackson Hole, Wyo., Fed Chairman Ben Bernanke signaled that rates would likely stay at 2 percent at the Fed's next meeting on Sept. 16, and probably through the rest of this year.

Some fear that keeping rates at this level, a four-year low, could aggravate inflation down the road.

At the August meeting, one Fed member—Richard Fisher, president of the Federal Reserve Bank of Dallas—wanted to raise rates.

Fisher favored an increased "to help restrain inflation and inflation expectations, which were at risk of drifting higher," the minutes explained.

Even though financial markets remained fragile and economic growth could weaken further, Fisher "saw a greater risk to the economy from upward pressures on inflation."

But other Fed members generally anticipated that inflation would calm down, although they acknowledged there were risks to the outlook.

That's consistent with the message delivered by Bernanke last week.

The Fed chief welcomed the recent drops in oil and other commodities' prices, and said he believes inflation will moderate this year and next. However, he also warned that inflation outlook remains highly uncertain.

—AP contributed to this report.

Forex Signal

2008-08-26T01:22:00.000-07:00

EURUSD Daily Supports and Resistances:

S1= 1.4696
S2= 1.4639
S3= 1.4584
R1= 1.4808
R2= 1.4863
R3= 1.4920

GBPUSD Daily Supports and Resistances:

S1= 1.8424
S2= 1.8322
S3= 1.8239
R1= 1.8609
R2= 1.8692
R3= 1.8794

Dollar Masih Kokoh; Estimasi IMF Tidak Berpengaruh (Tanggal :26-Agustus-2008 12:20)

Pergerakan dollar pada beberapa mata uang mayoritas di perdagangan hari ini (26/08) masih menunjukan posisi menguat setelah data ekonomi Eropa dilaporkan mengalami penurunan kembali akibat melemahnya sentimen bisnis di Jerman pada bulan Juli. Melemahnya sentimen bisnis tersebut merupakan reaksi dari para pelaku pasar yang masih khawatir akan memburuknya perekonomian Eropa sampai dengan akhir tahun ini. Belum adanya kebijakan solutif dari Bank Sentral Eropa dalam bentuk peningkatan suku bunga.

Kondisi tersebut cukup ironis mengingat seharusnya dengan bertahannya tingkat suku bunga sebesar 4% dapat memacu sektor riil dalam meningkatkan produktifitas dan mengurangi pengangguran. Akan tetapi yang terjadi justru sebaliknya. Tingkat pengangguran di Eropa justru mengalami kenaikan menjadi 20.000 orang pada bulan Juli. Masih besarnya tekanan dari inflasi bulan Juli yang sebesar 4% ternyata masih menjadi pendorong utama pelemahan ekonomi di Eropa.

Meski semalam bursa AS sempat tertekan akibat laporan IMF yang menyebutkan bahwa terpuruknya sektor finansial AS akan mempengaruhi perekonomian global, tidak membuat posisi dollar berada pada teritori negatif. Euro terhadap dollar saat ini melemah sebesar 0,2% menjadi 1,4716 dollar. Pounds saat ini turun 0,3% menjadi 1,8468 dollar. Sedangkan terhadap yen, dollar masih kokoh dan mencatat kenaikkan sebesar 0,2% menjadi 109,47 yen. (JP)

3 Reasons to Buy USD/CAD

2008-08-26T01:17:00.000-07:00

A severe U.S. dollar undervaluation is now likely to lead to a substantial improvement of the U.S. Balance of Payments through continued strong export performance. My trading recommendation is to buy USD/CAD at 1.05 for 300 pips in profit potential.

The Canadian dollar has been particularly strong over the past two weeks. Yet, the recent spike in volatility looks more like profit taking than like the beginning of a new down trend. Indeed, I expect more dollar strength going forward. First, a severe U.S. dollar undervaluation is now likely to lead to a substantial improvement of the U.S. Balance of Payments through continued strong export performance. Second, with the world economy slowing down is reasonable to think that the demand for commodities will also begin to slow down. As a result of this, commodity sensitive currencies like the Canadian dollar, Australian dollar and New Zealand dollar will be particularly vulnerable. Finally, a significant shift of interest rate expectations in favor of rate hikes by the Federal Reserve is likely to help the U.S. dollar to rally further.

Canadian Economy Fundamentals

The once immune Canadian economy has recently joined the list of economies that have been hit by the mortgage debacle. At the onset of the mortgage meltdown, the Canadian economy was faring well, with consumers remaining optimistic about the performance of the economy. Fast forward four to six months later, and the once resilient consumer confidence has been crumbling under the pressure of declining housing market and weak labor market. Moreover, businesses find it increasing difficult to remain optimistic on the back of tighter lending conditions and declining demand from domestic and global consumers alike, largely due to a strong currency.

Daily Forex Signal

2008-08-26T00:54:00.000-07:00

Daily Forex Signal 26 AUG 2008 released 22.32 GMT

SELL GBP/USD 1.8528

take profit 1.8498

stoploss 1.8548

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

Forex Forecast

2008-08-25T08:56:00.000-07:00

Forex Forecast: 5 Key Events for the Market This Week 08-25-08

Forex traders should beware of event risk for the US dollar this week, as most economic releases will be out of the US. Indeed, house prices, consumer confidence, durable goods orders, and Q2 GDP will all hit the wires. However, the minutes from the Federal Reserve’s August meeting may be the event to watch, especially if any commentary signals any sort of bias within the FOMC. The Euro will not be spared either, though, as Euro-zone CPI is on tap on Friday.

• US S&P/Case Schiller Home Prices, Consumer Confidence – August 26
On Tuesday, the release of US economic data may highlight some of the reasons why traders are ramping up speculation that the country is in midst of a recession. Indeed, at 9:00 EDT, the S&P/Case-Schiller index of home prices is likely to fall sharply for the twenty-first consecutive month in June. Later in the morning at 10:00 EDT, the Conference Board’s consumer confidence index is forecasted to edge up to a reading of 53.0 in August from 51.9. While US economic conditions haven’t improved in any way, shape, or form, we saw last month that a drop in oil prices helped to boost sentiment and lower inflation expectations. Since commodities plunged for much of August, there is potential for there to be a similar increase in confidence which would be bullish for the US dollar. However, since the US housing, services, and manufacturing sectors all remain weak while labor market conditions deteriorate, there is certainly downside risk for this release as well.

• FOMC Meeting Minutes from August 5 – August 26
The release of the minutes from the FOMC meeting on August 5 at 14:00 EDT. During that meeting the Fed left rates steady, though one member – Richard Fisher – dissented for the fifth consecutive time as he remains the most hawkish of the bunch. The key thing to watch for in the release of the minutes is the commentary amongst the FOMC members regarding inflation, especially in light of July’s record oil prices. Currently, fed fund futures are betting that the Fed will raise rates by over 50bps within the next 12 months. However, if the FOMC members brush off the inflation factors and focus instead on shaky financial market conditions and the significant US economic slowdown, futures may start to become more aggressive in pricing in either steady rates or even a cut, which could weigh heavily on the US Dollar.

• US Durable Goods Orders – August 27
Can Boeing help the US durable goods orders figure to rebound? Unlikely, as airline orders only improved very slightly in July to 70, up from 62 in June. While the headline will have the most impact on forex trading, the markets should keep an eye on non-defense capital goods orders excluding aircraft, as this number serves as a leading indicator for business investment. The reading has fallen negative during 4 of the past 6 months, though it did rise 1.4 percent last month. Overall, though, durable goods are forecasted to rise a tepid 0.1 percent, which could ultimately lead the greenback lower.

• US Gross Domestic Product (2Q P) – August 28
On Thursday, the second reading of Q2 GDP for the US will hit the wires at 8:30 EDT. The figure is anticipated to be revised all the way up to a whopping 2.7 percent from initial estimates of 1.9 percent, thanks to stronger-than-expected exports in the month of June. Likewise, surprisingly large increases in wholesales and business inventories in June could provide a positive lift. While I remain skeptical of this sudden “rebound” in economic expansion in light of the contraction in business activity for the services and manufacturing sectors, along with the broad deterioration in the labor markets, a reading in line with or more than forecasts should ignite a US Dollar rally.

• Euro-zone Consumer Price Index Estimate – August 29
Eurostat estimates for Euro-zone CPI are projected to show at 5:00 EDT that inflation held at a 4.0 percent pace in August. Given European Central Bank President Jean-Claude Trichet’s more bearish stance on economic growth, a weaker-than-expected CPI reading could exacerbate the market’s speculation that the central bank will cut rates within the next year. On the other hand, a jump in CPI could be just the thing to get traders to remember just how hawkish Mr. Trichet can be and send the euro higher.

Forex Trading Forecast: US Dollar to Weaken Before Further Rallies

2008-08-22T01:13:00.000-07:00

Thursday, 21 August 2008 14:02:25 GMT

Forex traders continue to buy euros, and our forex positioning data gives us forecasts to expect further EURUSD losses through the medium term. Yet we see that the number of currency traders long the EURUSD fell precipitously following the forex pair’s noteworthy breakdown earlier this month, and we have since been arguing that we may see a short term EURUSD rally before further losses.

• EURUSD – Forex Traders Forecast EURUSD Rallies Before Further Declines
• GBPUSD – British Pound Trading Forecast Further Short-term Bounce Likely
• USDJPY – Currency Traders Accurately Signal Japanese Yen Gains
• USDCHF – Forex Traders Remain Bearish, Signal Rallies
• USDCAD – Canadian Dollar Forecast to Rally Against US Dollar

Source : http://www.dailyfx.com/story/topheadline/Forex_Trading_Forecast__US_Dollar_1219327504086.html

Daily Forex Signal 22 AUG 2008 released 00.18 GMT

2008-08-22T01:02:00.000-07:00

BUY GBP/USD 1.8766

take profit 1.8796

stoploss 1.8736

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT LOSE

Data Industrial New Order Eropa Akan Dirilis Siang Ini (Tanggal :22-Agustus-2008 13:59)

Data perekonomian Eropa yang akan dirilis pada sore ini (22/08) adalah data Industrial New Order untuk periode bulan Juni, dimana data ini diprediksi akan menguat.
Data perekonomian ini diprediksikan akan naik dari data periode sebelumnya sebesar 2.4 persen yaitu pada level -1.1 persen. Data ini menggambarkan jumlah keseluruhan pemesanan baru pada sector manufaktur. Jika data ini diatas perkiraan maka EUR/USD diperkirakan akan naik, jika tidak maka EUR/USD akan bergerak turun. (YT)

Data Current Account Eropa Diprediksi Naik (Tanggal :22-Agustus-2008 10:13)

Data ekonomi Eropa yang akan dirilis hari ini (22/08) siang ini adalah data tentang Current Account kawasan Eropa untuk periode Agustus 2008 yang dirilis oleh badan statistic Eropa atau EUROSTAT.

Data ini diperkirakan mengalami peningkatan jika dibandingkan dengan data bulan sebelumnya, yaitu pada level -2.0 Milyar atau meningkat sebesar 5.3 Milyar. Data ini menggambarkan akan hal selisih antara jumlah ekspor dan impor serta aliran dana yang masuk dari Negara lain dan dana yang keluar ke Negara lain.

Jika dara current account diatas dari perkiraan makan EUR/USD diperkirakan akan naik, jika datanya dibawah perkiraan maka EUR/USD diperkirakan akan turun. Secara teknikal level support terdekat berada pada level 1.4741 dan level resistance terdekat berada pada 1.4953. (YT)

Daily Forex Signal 21 AUG 2008 released 01.44 GMT

2008-08-21T06:55:00.000-07:00

BUY GBP/USD
1.8634

take profit 1.8654

stoploss 1.8604

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

Pound Reverses Despite U.K. Retail Sales Rebound, Euro Heavy As PMI Remains In Contraction

Thursday, 21 August 2008 10:20:21 GMT

The pound jumped over 60 bps on a surprising rebound in U.K. retail sales, reaching as high as 1.8707 before ultimately reversing below 1.8630. Consumer consumption rose 0.8% in July from a record fall of 4.3% the month prior. June’s drop was revised lower from an initial reading of 3.9%, which along with prices rising 1.6% took some of the steam out of the Sterling rally.

Talking Points

· Japanese Yen: Exports Grow on Chinese Demand
· Euro: PMI Remains in Contraction
· British Pound: Retail Sales Rebound
· US Dollar: Philadelphia Fed On Tap

Pound Reverses Despite U.K. Retail Sales Rebound, Euro Heavy As PMI Remains In Contraction

If domestic growth in the U.K. can remain resilient then the Governor King and the MPC can continue to maintain their neutral bias as the wait for inflationary pressures to ease as they predicted in their quarterly inflation report. The central bank is expecting prices to fall below their 2% target in two years dragged lower by slowing growth. The labor market which lost at least 20,000 jobs the last two months and tight credit conditions remain should weigh on domestic growth going forward. Further contraction could push the economy into a recession, forcing the BoE to take preventive measures.

The Euro traded heavy after reaching as high as 1.4835 on the back of a PMI reading below the 50 boom/bust level for a third straight month. The gauge that tracks spending by business leaders slightly improved to 48.0 from 47.8, but continues to signal weakness in the economy. The pair would reverse earlier gains before finding support at 1.4745. If downside risks continue to grow the ECB will have to start to question their staunch hawkish bias, especially as price pressures continue to ease.

Although the U.S. calendar is full of tier two indicators the total impact from them could present significant event risk for the U.S. dollar. Another week of jobless claims above 400,000 is expected as the labor picture continues to worsen. Indeed, the leading indicators metric is expected to fall 0.2%, signaling further deterioration for the economy lies ahead. Meanwhile the Philadelphia Fed is expected to show a slight improvement but will remain in negative territory. The total message from the economic releases today could be that the U.S. economy is far from rebounding, which should keep the Fed on hold and limit bullish dollar momentum.

Daily Forex Strategy 18 AUG 2008 released 23.40 GMT

2008-08-18T11:35:00.000-07:00

BUY GBP/USD
1.8633

take profit 1.8653

stoploss 1.8603

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

Daily Forex Strategy 15 AUG 2008 released 02.52 GMT

2008-08-15T00:05:00.000-07:00

SELL GBP/USD 1.9679

take profit 1.9659

stoploss 1.9709

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

Forex Emerging Markets Weekly - August 15, 2008

The South African Rand fell to a one-month low as the South African Reserve Bank left interest rates at a five-year high of 12%. The Mexican Peso uptrend hangs in the balance ahead of key a Banxico rate announcement. The Turkish Lira was unmoved as the central bank kept interest rates at 16.75%. The Singapore Dollar held to a range as the greenback drove trading. The Hong Kong Dollar continued to slide lower.

South African Rand (ZAR)

South African Rand Falls To One-Month Low As SARB Leaves Rates At Five-Year High of 12%The South African Rand pulled back over the course of the week on the back of a drop in gold and a surge in the greenback, while a significantly less hawkish statement by the South African Reserve Bank (SARB) only provided a slight boost to the national currency. Indeed, as of August 14, gold futures were down for 9 of the previous 10 trading days, weighing on the commodity-sensititive Rand.

Meanwhile, like most of the world’s economies, South Africa is grappling with rocketing energy and food prices. However, the SARB still opted to leave rates at a five-year high of 12 percent when they met this past week, folliwing six rate hikes over the past year. In the Bank’s policy statement, the Committee said that there were “clear signs that the economy is responding to the less accommodative monetary policy stance,” such as the drop in South African retail sales for the fourth consecutive month in June. Furthermore, though the SARB revised their inflation forecasts for Q3 to 13 percent from 12 percent, the Committee said that prices pressures would ease “significantly” in Q1 2009, which they see being “partly as a result of the reweighting and rebasing effects.” Overall, the SARB’s policy statement suggests that the central bank will opt to leave rates unchanged for the remainder of the year, unless CPI breaches the 13 percent forecast within the next quarter.

Daily Forex Strategy 14 AUG 2008 released 22.05 GMT

2008-08-14T06:58:00.000-07:00

SELL GBP/USD

1.8750

take profit 1.8730

stoploss 1.9780

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

Sterling hammered by dovish Bank of England inflation report

Tomorrow, friday the 15th of august, there will be no report

Markets now expect UK rates to fall by the end of the year
Rally in short-term Gilts supports European bonds too
US Treasuries fall prey to a late profit-taking move after failed test of the July highs
US equities close session lower, but off the day lows. Asia mixed this morning
Commodities rebound, oil (Brent) back up to 114 USD/barrel
Greenspan sees US home prices bottom in the first half of 2009
Conflict between Georgia and Russia not over yet, as US launches an aid mission to Georgia
German Q2 GDP falls a less than expected 0.5% Q/Q ahead of the euro zone data later this morning
US CPI expected to rise further above the 5% mark in July

Yesterday, Sterling plunged both against the dollar and the euro, as the Bank of England inflation report offered a very bleak outlook for the UK economy and forecasted inflation to fall back sharply to a little below the 2% target at the end of its 2- year period. The more dovish than expected inflation report raised market expectations that the Bank would start cutting rates sooner rather than later and pushed short-term Gilt yields sharply lower. 2-year yields dropped 16.6 bps lower. As a result, Sterling fell further below the 1.90 mark against the dollar to 1.8660 at the moment of writing, while the euro recouped its recent losses and is back up well into its previous sideways range against sterling. Against the dollar, the euro however remains close to the recent lows at the 1.48 area.

The drop in short-term UK yields also supported the European bond market, where yields declined between 4 bps at the short end and 0.5 bps at the 30-year segment. In the US, yields declined first too, but recouped these losses at the end of the session in a technical inspired move, as the July lows proved too difficult to break below for now and equities rebounded off the day lows in spite of the rebound in the oil price. At the end of the day, US yields rose 5 bps at the short end compared to 2.5 at the 30-year segment. As a result, the spread between German and US yields continued its recent narrowing trend.

Today, the euro zone Q2 GDP are expected to provide some fresh evidence of the slowdown in Europe, while in the US the headline CPI is expected to rise still further.

Daily Forex Strategy 13 AUG 2008 released 00.54 GMT

2008-08-13T07:12:00.000-07:00

SELL GBP/USD
1.8972

take profit 1.8952

stoploss 1.9002

SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

Fundamental Analysis:
Intra-European Trade Links to Keep Euro Ranging Against the Franc
European fundamentals have significantly deteriorated over the past four months while the Swiss outlook for the remainder of the year continues to be a wild card. May retail sales in Switzerland posted a 7.4 percent increase, coming off a 9.4 percent decline the month prior. The trend in the near-term may remain relatively even given that the unemployment rate has kept steady at 2.5 percent since March. However, it seems only a matter of time before malaise from the EU spreads: Switzerland counts on the regional bloc to absorb 60% of its exports.

Trading Tip – Quarterly Euro-Zone GDP and CPI figures are expected to post negative readings for the first time in the Zone’s history. As such, Thursday may be a volatile day for Euro trading given the anticipated nature of these releases. As a caution, traders may want to wait for the release of these numbers before setting their entry orders. In addition to a stop loss, we will look to control risk further by removing any unfilled orders by the end of the week of should spot close above 1.6297 prior to our order being filled.