Simulated Forex Trading Uses Simulators as Trader’s Guides December 25th, 2009|
There are several reasons why many people are trading in the forex. It includes free demo on real time, leverage of 400:1, or simply taking part of the action of trading. However, even if traders performed practices on real time trading by testing its services and strategies, they sometimes fail. The trading demo is not enough unless the trader know what he is doing.
There are different important things that traders should do in order to be successful. Remember, forex trading involves practice, reinforcement, and repetition. This process requires refined strategies and abilities. So, traders should incorporate forex simulators to help them save money and never start as a loser.
Compared to forex demo that provides real time functions, forex simulators help the traders to upload, review, and view historical data any time. It tests the traders understanding if they could recognize trading signals and patterns which can be advanced and rewound. In this way, the traders can retests their forex trading knowledge and find out what are the points to improve and change to stay in the pace of the forex market conditions.
Forex simulators are very important for traders because they can be trained for months even within a few days of working. It is because the traders can rewind, pause, or fast forward whatever knowledge they have learned. A five-minute timeframe can be set-up to whatever chosen area. The traders can also get trade snapshots, use the indicators that they wish, or keep journal trades to refine strategies.
Forex simulators are compared to PC games. The player has a mission to accomplish and repeat the games for so many times that can lead to perfection. The forex simulators also work this way, it requires a lot of practice, repetition, and reinforcement to be a good trader.
In this manner, the traders are more prepared before they open a live account on forex trading. Forex simulators are serious tools for traders who want to learn how to trade before investing their real money on it.
Remember that there are thousands of forex traders in the forex markets. So, how will the traders invest their money successfully if they don’t understand the essentials? If forex simulators are clearly defined and practiced then a trader’s success is always possible. The first thing that traders should avoid is forex trading pitfalls in order to be able to make money out of their investments.
– Forex simulators are helpful guides to forex traders so that they could successfully trade forex in the forex markets. It shows the traders how to trade in pairs instead of currencies. The traders learn the relationship between one currency and the other and its impacts. Take note, the failure or success of trading forex depends on the adequate combination of currencies.
– The market conditions are also important when trading forex. Forex stimulators help the traders understand the basics of forex trading markets to the best of the trader’s benefit. It also updates the traders about economic events and news affecting the market conditions. Most beginner traders can be shocked by market oscillation brought about by these phenomena. So, they missed the opportunity to trade because they wait for the market to calm down before trading. Keep in mind that the potential market condition lies in its volatility and not in tranquility.
– Traders also study the advantages of short-term and long-term trading. They can obtain helpful techniques to earn profits by being an ambitious trader. The bid and ask price should be understood well in making profits particularly when making either a small or large trades.
– Forex stimulators allow the traders to weigh the effects of trading with too much caution. The incremental profit on small scales does not make any difference. Placing stop losses that are too tight can increase the risks of trading looses.
– The traders can decide whether to become an independent trader or with an aid of a broker. The risks are clearly explained as well as the outcome of trades. In any way, the traders should analyze it by themselves or seek advice from different reputable sources to avoid making trade mistakes.
Forex trading simulators can help the traders developed helpful strategies before initiating their forex trading business. Simulated forex trading is worth it because it starts with a plan, adequate knowledge, and skills to achieve success in trading forex.
// Popularity: 2% [?]
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Currency News – Thursday, 24 December 2009 December 25th, 2009|
Economic News
USD – Dollar Take Losses Following Home Sales Report
According to a new report released yesterday, new home sales in the U.S. have fallen to a 7-month low. Despite the numerous positive indicators that have been released in recent weeks regarding the U.S., investor confidence in the American recovery was dampened due to the housing report. Causing further damage, a revised figure for November’s new home sales shows that that month’s figure was actually lower then originally stated.
After rising to a 3 1/2 month high against the Euro at 1.4216 on Tuesday, the Dollar has since fallen and is currently trading at around the 1.4345 level. USD/JPY also saw downward movements following the report, and is currently trading at approximately 91.50.
Trading today could become volatile for the greenback, as several news events may determine the direction the currency takes in the near future. The Core Durable Goods Orders and this week’s Unemployment Claims Report are both set to be released at 13:30 GMT. If the numbers keep in line with the forecasted figures, the Dollar may be able to reverse some of its losses. If the numbers fall below predictions, the Dollar may drop further ahead of the Christmas holiday.
EUR – Euro Recoups Losses against Major Counterparts
It was not only against the Dollar that the Euro made gains in trading yesterday. Following the release of meeting minutes from the Monetary Policy Committee (MPC) of the Bank o England, the Euro moved to a one week high against the Sterling. The MPC could not give a clear indication on whether the British economy is improving or not heading into the New Year. Consequently investor confidence was shaken, a sentiment the Euro was able to capitalize on.
Currently EUR/GBP is trading at 0.8974, an 8-day high. With no major news events for either the Euro or Sterling scheduled for Thursday, traders can expect the current values to hold into next week when markets reopen following the Christmas holiday.
Today traders will want to keep an eye on the economic indicators coming out of the U.S. Any figure below the forecasted numbers would likely solidify the Euro gains made yesterday. On the other hand, the U.S. has had continuously strong unemployment numbers the past several weeks. If this trend continues, it could mean bad news for the Euro.
JPY – Yen Falls against Riskier Currencies
Speculation is abound that the Bank of Japan will keep interest rates low for the foreseeable future in order to curb deflation. The Yen has since fallen against high risk currencies, most notably the Australian Dollar which gained 0.2% against the JPY in trading. Currently the pair is valued at 80.65. Traders may want to keep an eye on the pair, as the historically volatile Aussie will likely cause a downward correction in the near future.
As there are no major JPY news events ahead of the holiday weekend, trading should be relatively muted today. Forex customers will still want to pay attention to the U.S. unemployment figures, as they are likely to impact the USD/JPY pair. A positive figure may result in a reversal of the gains made by the Yen yesterday against the greenback.
Crude Oil – Oil Prices Spike Following U.S. Report
Crude Oil prices shot up over $2 a barrel yesterday following a report stating that U.S. supplies have fallen significantly lower than anticipated. America is the world’s largest energy consuming nation. When supplies are down there, prices typically rise in order to compensate for an increase in demand. Prices were further elevated due to severe winter weather in the Eastern part of the country.
Currently crude oil is trading at around $77.25. Traders will want to wait and see how the market reacts to the U.S. news events set to be released today in order to further gauge the direction oil will take. If the news negatively reflects on the pace of the American economic recovery, crude prices will likely continue to rise. Conversely, if the reports released today are positive, crude may retreat from its current high levels.
| EUR/USD | GBP/USD | USD/JPY | USD/CHF | AUD/USD | EUR/GBP | |
| Daily Trend |  |
|
 |
|
|
 |
| Weekly Trend | |
|
|
|
|
|
| Resistance | 1.4435 | 1.6085 | 92.30 | 1.0485 | 0.8915 | 0.9060 |
| 1.4405 | 1.6050 | 92.00 | 1.0455 | 0.8885 | 0.9030 | |
| 1.4375 | 1.6020 | 91.73 | 1.0425 | 0.8855 | 0.9000 | |
| Support | 1.4310 | 1.5956 | 91.05 | 1.0360 | 0.8795 | 0.8940 |
| 1.4280 | 1.5925 | 90.85 | 1.0330 | 0.8765 | 0.8910 | |
| 1.4250 | 1.5895 | 90.55 | 1.0300 | 0.8730 | 0.8880 |
Technical News
EUR/USD
Mixed signals are evident for this pair. The 2 hour RSI is floating in the overbought territory while the 4 hour chart Slow Stochastic is exhibit a fresh bearish cross, while the daily RSI is floating in the oversold territory. Going short for the day with tight stops might be advised.
USD/JPY
The pair seems to be exhibiting mixed signals. The hourly and 2 hour charts show a breach of the lower Bollinger Band with the two hour RSI floating near the oversold territory and the hourly Slow Stochastic showing an impending bullish cross forming. The daily chart’s Slow Stochastic, however, is showing a bearish cross and the daily and 8 hour RSI is floating in the overbought territory. It seems that going long with tight stops for the day is advised
GBP/USD
The daily and 8 hour RSI are floating in the oversold territory, with the daily chart’s Slow Stochastic exhibiting a bullish cross as well as the 4 hour MACD. Going long for the day seems to be a good option
USD/CHF
The two hour RSI is floating in the oversold territory, with the 4 hour Slow Stochastic and hourly MACD showing fresh bullish crosses. Going long for the day might be a wise choice.
The Wild Card
EUR/NOK
The daily, 4 hour and 2 hour RSI are floating in the oversold territory with the daily and 4 hour Slow Stochastic exhibiting fresh bullish cross forming. The hourly MACD is also exhibiting a fresh bullish cross. Forex traders are advised to go long for the day.
// Popularity: 2% [?]
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Simulated Forex Trading Uses Simulators as Trader’s Guides December 25th, 2009 | email this | digg it Leave your comment
There are several reasons why many people are trading in the forex. It includes free demo on real time, leverage of 400:1, or simply taking part of the action of trading. However, even if traders performed practices on real time trading by testing its services and strategies, they sometimes fail. The trading demo is not enough unless the trader know what he is doing.
There are different important things that traders should do in order to be successful. Remember, forex trading involves practice, reinforcement, and repetition. This process requires refined strategies and abilities. So, traders should incorporate forex simulators to help them save money and never start as a loser.
Compared to forex demo that provides real time functions, forex simulators help the traders to upload, review, and view historical data any time. It tests the traders understanding if they could recognize trading signals and patterns which can be advanced and rewound. In this way, the traders can retests their forex trading knowledge and find out what are the points to improve and change to stay in the pace of the forex market conditions.
Forex simulators are very important for traders because they can be trained for months even within a few days of working. It is because the traders can rewind, pause, or fast forward whatever knowledge they have learned. A five-minute timeframe can be set-up to whatever chosen area. The traders can also get trade snapshots, use the indicators that they wish, or keep journal trades to refine strategies.
Forex simulators are compared to PC games. The player has a mission to accomplish and repeat the games for so many times that can lead to perfection. The forex simulators also work this way, it requires a lot of practice, repetition, and reinforcement to be a good trader.
In this manner, the traders are more prepared before they open a live account on forex trading. Forex simulators are serious tools for traders who want to learn how to trade before investing their real money on it.
Remember that there are thousands of forex traders in the forex markets. So, how will the traders invest their money successfully if they don’t understand the essentials? If forex simulators are clearly defined and practiced then a trader’s success is always possible. The first thing that traders should avoid is forex trading pitfalls in order to be able to make money out of their investments.
– Forex simulators are helpful guides to forex traders so that they could successfully trade forex in the forex markets. It shows the traders how to trade in pairs instead of currencies. The traders learn the relationship between one currency and the other and its impacts. Take note, the failure or success of trading forex depends on the adequate combination of currencies.
– The market conditions are also important when trading forex. Forex stimulators help the traders understand the basics of forex trading markets to the best of the trader’s benefit. It also updates the traders about economic events and news affecting the market conditions. Most beginner traders can be shocked by market oscillation brought about by these phenomena. So, they missed the opportunity to trade because they wait for the market to calm down before trading. Keep in mind that the potential market condition lies in its volatility and not in tranquility.
– Traders also study the advantages of short-term and long-term trading. They can obtain helpful techniques to earn profits by being an ambitious trader. The bid and ask price should be understood well in making profits particularly when making either a small or large trades.
– Forex stimulators allow the traders to weigh the effects of trading with too much caution. The incremental profit on small scales does not make any difference. Placing stop losses that are too tight can increase the risks of trading looses.
– The traders can decide whether to become an independent trader or with an aid of a broker. The risks are clearly explained as well as the outcome of trades. In any way, the traders should analyze it by themselves or seek advice from different reputable sources to avoid making trade mistakes.
Forex trading simulators can help the traders developed helpful strategies before initiating their forex trading business. Simulated forex trading is worth it because it starts with a plan, adequate knowledge, and skills to achieve success in trading forex.
// Popularity: 1% [?]
forx news
- December 25, 2009 — Easy Money on Global Forex Trading (0)
There are different kind of businesses. But the easiest way of making money is to trade forex. One of the leading providers of forex trading in real times basis is the global forex trading. It first o… - December 25, 2009 — Currency News – Thursday, 24 December 2009 (0)
Economic News USD – Dollar Take Losses Following Home Sales Report According to a new report released yesterday, new home sales in the U.S. have fallen to a 7-month low. Despite the numerous po… - December 25, 2009 — Tips For Better Forex Trading Learning (0)
Many people who have decided to take part in the forex trading should educate themselves first. It is essential to know even the basics of forex trading to gain success, but this is no guarantee, not … - December 25, 2009 — Managed Islamic Forex Trading Accounts (0)
Forex trading also has grown popularity among many Muslims. Like any other traders, they have an option to manage their accounts by themselves or open a managed Islamic forex accounts. Forex accounts … - December 25, 2009 — U.S. Personal Spending (0)
Daily Market Commentary for December 23, 2009 U.S. Personal Spending U.S. personal spending rose in November at the fastest growing pace in six months. (Read more at Millennium-Traders.Com) E… - December 23, 2009 — U.S. Senate (0)
Daily Market Commentary for December 21, 2009 U.S. Senate U.S. Senate voted early Monday to advance President Obama’s health care legislation hopefully by Christmas. (Read more at Millennium-Tra… - December 20, 2009 — Earnings (0)
Daily Market Commentary for December 18, 2009 Earnings Earnings reports from technology companies sparked trader’s attention, sending stocks soaring. (Read more at Millennium-Traders.Com) Eco… - December 12, 2009 — Foreclosures (0)
Daily Market Commentary for December 10, 2009 Foreclosures Foreclosures were on the fall again this month, making it the fourth straight monthly decline. (Read more at Millennium-Traders.Com) … - December 12, 2009 — Retail Sales Trend (0)
Daily Market Commentary for December 11, 2009 Retail Sales Trend Retail sales trends have been better than expected for two straight months, leading analysts to believe sales will be up in Decem… - December 6, 2009 — Job Market (0)
Daily Market Commentary for December 4, 2009 Job Market Investors finally got the news they were looking for this morning when the Labor Department released it’s highly anticipated report on the… - November 26, 2009 — Market News (0)
Daily Market Commentary for November 25, 2009 Market News Stocks were rising this morning after market news and a better than expected report on weekly jobless claims. (Read more at Millennium-T… - November 24, 2009 — Gold Prices Today (0)
Daily Market Commentary for November 23, 2009 Gold Prices Today Gold prices today hit yet another new record high; analysts don’t expect to see it stop anytime soon. (Read more at Millennium-Tra… - November 21, 2009 — Bear Market (0)
Daily Market Commentary for November 20, 2009 Bear Market Stocks opened lower today extending the two-day bear market; investors focused their attention towards the technology sector, they showe… - November 15, 2009 — Trade Deficit (0)
Daily Market Commentary for November 13, 2009 Trade Deficit Stocks rose slightly today as the Commerce department reported a larger-than-expected increase in the trade deficit, topping analysts… - November 15, 2009 — Wal-Mart (0)
Daily Market Commentary for November 12, 2009 Wal-Mart Retail giant Wal-Mart reported its earnings for the third-quarter rose by over 3%, however the company issued disappointing forecasts for … - November 26, 2009 — Currency News – Thursday, 26 November 2009 (0)
Economic News USD – Dollar Falls to a 15 Month Low The dollar dropped to a 15-month low against most of its major currency pairs yesterday, as generally upbeat U.S. economic data and gains in… - November 21, 2009 — Top 10 Favorites on DailyFX.com (0)
DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched last week. DailyFX is constantly expanding and improving… - December 25, 2009 — Getting Ahead of The Game in Forex Trading (0)
In the world of cut-throat business, it pays to know your surroundings. And in the world of forex trading it pays to know the market, the players and the stakes. In forex trading, you need to know wha… - December 25, 2009 — The Different Options You can Avail to Learn Forex Online Trading (0)
Forex trading, many of people may already have heard of it, but not all know what it is all about. One may often assume that it is for the ‘big’ ones, big businesses and organizations. But… - December 20, 2009 — Answers to the most commonly emailed questions (0)
Here they are, all in one place. I like questions. I just think its a waste of FPA resources to send out the same answers to the same questions again and again. Read this and then send in some ne… - December 20, 2009 — Currency News – Wednesday, 16 December 2009 (0)
Economic News USD – Dollar Trades Higher vs. EUR on Rate Outlook The U.S dollar held near a 2-? month high on the EUR and kept a firmer footing against the Japanese yen on Wednesday as the marke… - November 26, 2009 — Currency News – Monday, 23 November 2009 (0)
Economic News USD – Is the Dollar Recovering? The Dollar corrected some of its losses against the Euro and the Pound during last week’s trading session. The Dollar gained about 200 pips a… - November 21, 2009 — Currency News – Friday, 20 November 2009 (0)
Economic News USD – USD Gains on Weak U.S Economic Data The Dollar gained versus the EUR and other higher yielding currencies on Thursday following the release of weak U.S. economic data and … - November 21, 2009 — Advantages and disadvantages of operating in the foreign exchange market: Forex (0)
If you are thinking of investing your money in the Forex market is essential to know about the pros and cons of it. One of the main advantages and reasons why hundreds of people worldwide rely on this… - November 21, 2009 — GFT’s FX360 App Ranks 8th Among “The Top 20 Investing Apps for iPhone and iPod Touch” (0)
GFT’s FX360.com ranks 8th among top 20 investing applications for financial news, trading and analysis, according to the popular Penny Sleuth website that ranked the best investing apps for the iPhone… - December 25, 2009 — Mini Forex Trading: Less Risk, More Profit (0)
Forex trading is one of the most feasible options for someone who’s looking at bigger possibilities, bigger profit and greater ease in trading and business. Because of it’s high liquidity and speedy t… - December 23, 2009 — Currency News – Wednesday, 23 December 2009 (0)
Economic News USD – Dollar Moves Higher on Positive Economic Data Yesterday’s trading had the dollar climbing higher against a basket of currencies after data released from the States sug… - December 23, 2009 — Currency News – Monday, 21 December 2009 (0)
Economic News USD – Dollar’s Rally Continues The Dollar continued its rally last week. The Dollar strengthened against all the major currencies during last week’s session. The EUR/U… - December 20, 2009 — Currency News – Friday, 18 December 2009 (0)
Economic News USD – Dollar Climbs to Three Month High Versus the EUR The Dollar once again made large gains against a basket of currencies during Thursday’s trading, climbing to a new thre… - December 20, 2009 — Currency News – Thursday, 17 December 2009 (0)
Economic News USD – Dollar Makes Big Gains Following FED Statement The USD got another boost Wednesday evening after the Federal Reserve Bank (FED) issued a statement saying that there are defin… - December 20, 2009 — Currency News – Monday, 14 December 2009 (0)
Economic News USD – Dollar Continues to Strengthen The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the… - December 20, 2009 — Currency News – Friday, 11 December 2009 (0)
Economic News USD – USD Mixed Against Major Currencies The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The d… - December 20, 2009 — Key Forex Market News (0)
Forex traders should be aware that the news you hear or see daily in the media can be used as important tools to perform trades and take positions in the Forex market. This is the reason we will expla… - December 20, 2009 — Pound’s Demise Will not be Hard to Time (0)
I’d like to follow up on my last post (Timing is Everything in Forex, Especially in this Environment) by looking at how to time one specific currency: the Pound. As I noted tongue-in-cheek with … - November 29, 2009 — Webinar:Identifying Low Risk, High Reward, and High Probability Trading Opportunities (0)
Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders. Hosted by: Sam Seiden of Online Trading Academy Thu, Jan 7, 2010, 12:00 EST During t… - November 21, 2009 — Currency News – Thursday, 19 November 2009 (0)
Economic News USD – Dollar Retreats after 3 Week’s Rally The U.S dollar advanced against the EUR Thursday on speculation U.S. investors are bringing back overseas funds toward year-end and… - November 21, 2009 — Currency News – Friday, 13 November 2009 (0)
Economic News USD – Dollar Rises on Geithner Comments The Dollar broke its recent trend yesterday, as the greenback strengthened against the EUR. Calls by Pacific nations for the Dollar to appre… - November 21, 2009 — Currency News – Wednesday, 11 November 2009 (0)
Economic News USD – Dollar Recovers modestly off 15-mth Lows The U.S Dollar edged up on Tuesday, reversing some of its recent losses but staying close to a 15-month low against a currency basket… - November 21, 2009 — Currency News – Tuesday, 10 November 2009 (0)
Economic News USD – Dollar Falls on Higher Risk Appetite The Dollar fell dramatically on Monday against a basket of currencies on higher risk appetite. This included slipping to a 3-month low vs… - November 21, 2009 — Can I get rich investing in Forex? (0)
When we start a business where the stakes are considerable high, the question is “How can I become rich in this business?”… In this case the big question as a possible Forex trader is: …
Currency News – Thursday, 24 December 2009 Economic News
USD – Dollar Take Losses Following Home Sales Report
According to a new report released yesterday, new home sales in the U.S. have fallen to a 7-month low. Despite the numerous positive indicators that have been released in recent weeks regarding the U.S., investor confidence in the American recovery was dampened due to the housing report. Causing further damage, a revised figure for November’s new home sales shows that that month’s figure was actually lower then originally stated.
After rising to a 3 1/2 month high against the Euro at 1.4216 on Tuesday, the Dollar has since fallen and is currently trading at around the 1.4345 level. USD/JPY also saw downward movements following the report, and is currently trading at approximately 91.50.
Trading today could become volatile for the greenback, as several news events may determine the direction the currency takes in the near future. The Core Durable Goods Orders and this week’s Unemployment Claims Report are both set to be released at 13:30 GMT. If the numbers keep in line with the forecasted figures, the Dollar may be able to reverse some of its losses. If the numbers fall below predictions, the Dollar may drop further ahead of the Christmas holiday.
EUR – Euro Recoups Losses against Major Counterparts
It was not only against the Dollar that the Euro made gains in trading yesterday. Following the release of meeting minutes from the Monetary Policy Committee (MPC) of the Bank o England, the Euro moved to a one week high against the Sterling. The MPC could not give a clear indication on whether the British economy is improving or not heading into the New Year. Consequently investor confidence was shaken, a sentiment the Euro was able to capitalize on.
Currently EUR/GBP is trading at 0.8974, an 8-day high. With no major news events for either the Euro or Sterling scheduled for Thursday, traders can expect the current values to hold into next week when markets reopen following the Christmas holiday.
Today traders will want to keep an eye on the economic indicators coming out of the U.S. Any figure below the forecasted numbers would likely solidify the Euro gains made yesterday. On the other hand, the U.S. has had continuously strong unemployment numbers the past several weeks. If this trend continues, it could mean bad news for the Euro.
JPY – Yen Falls against Riskier Currencies
Speculation is abound that the Bank of Japan will keep interest rates low for the foreseeable future in order to curb deflation. The Yen has since fallen against high risk currencies, most notably the Australian Dollar which gained 0.2% against the JPY in trading. Currently the pair is valued at 80.65. Traders may want to keep an eye on the pair, as the historically volatile Aussie will likely cause a downward correction in the near future.
As there are no major JPY news events ahead of the holiday weekend, trading should be relatively muted today. Forex customers will still want to pay attention to the U.S. unemployment figures, as they are likely to impact the USD/JPY pair. A positive figure may result in a reversal of the gains made by the Yen yesterday against the greenback.
Crude Oil – Oil Prices Spike Following U.S. Report
Crude Oil prices shot up over $2 a barrel yesterday following a report stating that U.S. supplies have fallen significantly lower than anticipated. America is the world’s largest energy consuming nation. When supplies are down there, prices typically rise in order to compensate for an increase in demand. Prices were further elevated due to severe winter weather in the Eastern part of the country.
Currently crude oil is trading at around $77.25. Traders will want to wait and see how the market reacts to the U.S. news events set to be released today in order to further gauge the direction oil will take. If the news negatively reflects on the pace of the American economic recovery, crude prices will likely continue to rise. Conversely, if the reports released today are positive, crude may retreat from its current high levels.
| EUR/USD | GBP/USD | USD/JPY | USD/CHF | AUD/USD | EUR/GBP | |
| Daily Trend | |
|
|
|
|
|
| Weekly Trend | |
|
|
|
|
|
| Resistance | 1.4435 | 1.6085 | 92.30 | 1.0485 | 0.8915 | 0.9060 |
| 1.4405 | 1.6050 | 92.00 | 1.0455 | 0.8885 | 0.9030 | |
| 1.4375 | 1.6020 | 91.73 | 1.0425 | 0.8855 | 0.9000 | |
| Support | 1.4310 | 1.5956 | 91.05 | 1.0360 | 0.8795 | 0.8940 |
| 1.4280 | 1.5925 | 90.85 | 1.0330 | 0.8765 | 0.8910 | |
| 1.4250 | 1.5895 | 90.55 | 1.0300 | 0.8730 | 0.8880 |
Technical News
EUR/USD
Mixed signals are evident for this pair. The 2 hour RSI is floating in the overbought territory while the 4 hour chart Slow Stochastic is exhibit a fresh bearish cross, while the daily RSI is floating in the oversold territory. Going short for the day with tight stops might be advised.
USD/JPY
The pair seems to be exhibiting mixed signals. The hourly and 2 hour charts show a breach of the lower Bollinger Band with the two hour RSI floating near the oversold territory and the hourly Slow Stochastic showing an impending bullish cross forming. The daily chart’s Slow Stochastic, however, is showing a bearish cross and the daily and 8 hour RSI is floating in the overbought territory. It seems that going long with tight stops for the day is advised
GBP/USD
The daily and 8 hour RSI are floating in the oversold territory, with the daily chart’s Slow Stochastic exhibiting a bullish cross as well as the 4 hour MACD. Going long for the day seems to be a good option
USD/CHF
The two hour RSI is floating in the oversold territory, with the 4 hour Slow Stochastic and hourly MACD showing fresh bullish crosses. Going long for the day might be a wise choice.
The Wild Card
EUR/NOK
The daily, 4 hour and 2 hour RSI are floating in the oversold territory with the daily and 4 hour Slow Stochastic exhibiting fresh bullish cross forming. The hourly MACD is also exhibiting a fresh bullish cross. Forex traders are advised to go long for the day.
// Popularity: 1% [?]
forx news
- December 20, 2009 — Currency News – Wednesday, 16 December 2009 (0)
Economic News USD – Dollar Trades Higher vs. EUR on Rate Outlook The U.S dollar held near a 2-? month high on the EUR and kept a firmer footing against the Japanese yen on Wednesday as the marke… - November 26, 2009 — Currency News – Monday, 23 November 2009 (0)
Economic News USD – Is the Dollar Recovering? The Dollar corrected some of its losses against the Euro and the Pound during last week’s trading session. The Dollar gained about 200 pips a… - November 21, 2009 — Currency News – Friday, 20 November 2009 (0)
Economic News USD – USD Gains on Weak U.S Economic Data The Dollar gained versus the EUR and other higher yielding currencies on Thursday following the release of weak U.S. economic data and … - December 20, 2009 — Currency News – Thursday, 17 December 2009 (0)
Economic News USD – Dollar Makes Big Gains Following FED Statement The USD got another boost Wednesday evening after the Federal Reserve Bank (FED) issued a statement saying that there are defin… - December 20, 2009 — Currency News – Monday, 14 December 2009 (0)
Economic News USD – Dollar Continues to Strengthen The Dollar continued to rise on all fronts last week. The Dollar climbed about 300 pips against the Euro, as the EUR/USD pair dropped below the… - November 26, 2009 — Currency News – Thursday, 26 November 2009 (0)
Economic News USD – Dollar Falls to a 15 Month Low The dollar dropped to a 15-month low against most of its major currency pairs yesterday, as generally upbeat U.S. economic data and gains in… - November 21, 2009 — Currency News – Wednesday, 11 November 2009 (0)
Economic News USD – Dollar Recovers modestly off 15-mth Lows The U.S Dollar edged up on Tuesday, reversing some of its recent losses but staying close to a 15-month low against a currency basket… - December 23, 2009 — Currency News – Wednesday, 23 December 2009 (0)
Economic News USD – Dollar Moves Higher on Positive Economic Data Yesterday’s trading had the dollar climbing higher against a basket of currencies after data released from the States sug… - December 23, 2009 — Currency News – Monday, 21 December 2009 (0)
Economic News USD – Dollar’s Rally Continues The Dollar continued its rally last week. The Dollar strengthened against all the major currencies during last week’s session. The EUR/U… - December 20, 2009 — Currency News – Friday, 18 December 2009 (0)
Economic News USD – Dollar Climbs to Three Month High Versus the EUR The Dollar once again made large gains against a basket of currencies during Thursday’s trading, climbing to a new thre… - November 21, 2009 — Currency News – Wednesday, 18 November 2009 (0)
Economic News USD – Bernanke Statements Diminish USD in Short-Term; Strength Ahead? Following the USD’s minor slide in yesterday’s trading, it appears the greenback has started to re… - November 21, 2009 — Currency News – Friday, 13 November 2009 (0)
Economic News USD – Dollar Rises on Geithner Comments The Dollar broke its recent trend yesterday, as the greenback strengthened against the EUR. Calls by Pacific nations for the Dollar to appre… - November 21, 2009 — Currency News – Tuesday, 10 November 2009 (0)
Economic News USD – Dollar Falls on Higher Risk Appetite The Dollar fell dramatically on Monday against a basket of currencies on higher risk appetite. This included slipping to a 3-month low vs… - December 20, 2009 — Currency News – Thursday, 10 December 2009 (0)
Economic News USD – Dollar Slides Amid Increased Investor Risk Taking Following an upbeat trading day Wednesday on the U.S. stock market, the Dollar slid against its major counterparts for the f… - December 20, 2009 — Currency News – Friday, 11 December 2009 (0)
Economic News USD – USD Mixed Against Major Currencies The Dollar experienced a mixed trading day yesterday, advancing on the Yen but staying little changed against the EUR and U.K. pound. The d… - November 29, 2009 — Currency News – Friday, 27 November 2009 (0)
Economic News USD – Dollar Rebounds From 14-year Low vs. Yen The U.S. Dollar rebounded versus most major rivals Thursday, benefiting from safe-haven flows amid fears of a potential sovereign … - November 26, 2009 — Currency News – Tuesday, 24 November 2009 (0)
Economic News USD – USD Falls Amid Gains In The Stock Market Following Monday’s announcement that existing U.S. home sales in November were better then forecasted, Wall Street had an impre… - November 21, 2009 — Currency News – Thursday, 19 November 2009 (0)
Economic News USD – Dollar Retreats after 3 Week’s Rally The U.S dollar advanced against the EUR Thursday on speculation U.S. investors are bringing back overseas funds toward year-end and… - November 21, 2009 — Currency News – Thursday, 12 November 2009 (0)
Economic News USD – Unemployment Claims Report on Tap – Will USD Weakness Continue? The Dollar hit a 15-month low against major currencies on Wednesday on the view that U.S. Interest Rates… - December 23, 2009 — Currency News – Tuesday, 22 December 2009 (0)
Economic News USD – Dollar Continue to Strengthen Against Rivals The Dollar was up again most major rivals Monday on expectations of continuing improvement in the U.S economy ahead of this week… - November 26, 2009 — Currency News – Wednesday, 25 November 2009 (0)
Economic News USD – Dollar Sentiment Pressured by Fed Comments The USD held on to modest gains Tuesday as equities and commodities declined. However, pressure on Dollar sentiment came following … - December 20, 2009 — Currency News – Tuesday, 15 December 2009 (0)
Economic News USD – Dollar Falls on Dubai Bailout The dollar slipped slightly against most of its major counterparts on Monday after Dubai’s announcement it had received help from Abu Dhab… - November 21, 2009 — Currency News – Monday, 16 November 2009 (0)
Economic News USD – Dollar Continues to Weaken Following Disappointing Data The Dollar continued to weaken during last week’s trading session. The Dollar extends its slow yet steady slide … - December 12, 2009 — Dollar Gains As The Markets Become Cautious (0)
By Mercaforex USD: With little in the way of economic data from the U.S. on Tuesday, the USD continued to get stronger against both the EUR and GBP. The greenback continued to get stronger as Wall… - December 25, 2009 — U.S. Personal Spending (0)
Daily Market Commentary for December 23, 2009 U.S. Personal Spending U.S. personal spending rose in November at the fastest growing pace in six months. (Read more at Millennium-Traders.Com) E… - November 26, 2009 — Market News (0)
Daily Market Commentary for November 25, 2009 Market News Stocks were rising this morning after market news and a better than expected report on weekly jobless claims. (Read more at Millennium-T… - November 21, 2009 — Currency News – Tuesday, 17 November 2009 (0)
Economic News USD – Dollar Tumbles on All Fronts The U.S. Dollar fell against all of its major currency pairs yesterday. This was in response to traders dropping the USD, as stocks climbed after… - November 21, 2009 — Top 10 Favorites on DailyFX.com (0)
DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched last week. DailyFX is constantly expanding and improving… - November 15, 2009 — Wal-Mart (0)
Daily Market Commentary for November 12, 2009 Wal-Mart Retail giant Wal-Mart reported its earnings for the third-quarter rose by over 3%, however the company issued disappointing forecasts for … - December 25, 2009 — Simulated Forex Trading Uses Simulators as Trader’s Guides (0)
There are several reasons why many people are trading in the forex. It includes free demo on real time, leverage of 400:1, or simply taking part of the action of trading. However, even if traders per… - December 23, 2009 — U.S. Senate (0)
Daily Market Commentary for December 21, 2009 U.S. Senate U.S. Senate voted early Monday to advance President Obama’s health care legislation hopefully by Christmas. (Read more at Millennium-Tra… - December 20, 2009 — EUR/USD tests 3-month lows at 1.4300 again, but it could rise back to 1.50 – Danske Bank (0)
FXstreet.com (Barcelona) – The recent Dollar’s straightening against the Euro during the last three weeks has continued today’s Friday session. Since December 3, the EUR/USD has fallen from 16-month h… - December 20, 2009 — Earnings (0)
Daily Market Commentary for December 18, 2009 Earnings Earnings reports from technology companies sparked trader’s attention, sending stocks soaring. (Read more at Millennium-Traders.Com) Eco… - December 12, 2009 — Foreclosures (0)
Daily Market Commentary for December 10, 2009 Foreclosures Foreclosures were on the fall again this month, making it the fourth straight monthly decline. (Read more at Millennium-Traders.Com) … - December 12, 2009 — Retail Sales Trend (0)
Daily Market Commentary for December 11, 2009 Retail Sales Trend Retail sales trends have been better than expected for two straight months, leading analysts to believe sales will be up in Decem… - December 6, 2009 — Job Market (0)
Daily Market Commentary for December 4, 2009 Job Market Investors finally got the news they were looking for this morning when the Labor Department released it’s highly anticipated report on the… - November 26, 2009 — Forexpros.com Daily Analysis – 26/11/2009 (0)
Forexpros Daily Analysis Nov 26, 2009 Special Event: Strategic & Tactical FOREX Trading Hosted by: Wayne McDonell, founder of FXBootcamp Thu, Dec 3, 2009, 11:00 EST/ 16:00 GMT Forexpro… - November 25, 2009 — Forexpros.com Daily Analysis – 25/11/2009 (0)
Forexpros Daily Analysis Nov 25, 2009 Free webinar – Strategic & Tactical FOREX Trading Expert: Wayne McDonell When: Thu, Dec 3, 2009, 11:00 EST In this educational presentation you wi… - November 24, 2009 — Gold Prices Today (0)
Daily Market Commentary for November 23, 2009 Gold Prices Today Gold prices today hit yet another new record high; analysts don’t expect to see it stop anytime soon. (Read more at Millennium-Tra… - November 21, 2009 — Bear Market (0)
Daily Market Commentary for November 20, 2009 Bear Market Stocks opened lower today extending the two-day bear market; investors focused their attention towards the technology sector, they showe…
Forex trading market 