Friday in the forex market, risk aversion led the market sentiment  to become the main driving force. United States 4 years of quarter-quarter GDP contracted 3.8 percent rate, a record and the biggest decline since 1982  , , but better than the market generally expected    5.4 percent, the U.S. dollar by the boost.

However, the trend of weak U.S. economy has not changed, the market for the future are pessimistic about economic prospects, the European stock market and the U.S. stock market continued to plunge, increased market risk aversion, the dollar and the Japanese yen  are  still favored  hedging  options  , while the euro, Australia Yuan then continued to go down. The euro after Group Chairman Juncker said that the existence of the European Central Bank room to cut interest rates further, so that once again the establishment of the euro as the main force led by  the United States. However, the trend of unusually strong pound by Britain’s Barclays Bank without an injection of good boost. Soros weeks there for the GBP / USD at 1.4000 below the increase in risk of short comments, so that the GBP/ USD remained strong the past few hours. In addition, the Bank of England cut interest rates has been substantially pre-order from the high interest rate currency sterling team, but also sterling sentiment in this round of rising risk aversion to become beneficiaries.

From the technical point of view, the dollar index since last week out of the bottom pick-up in the trend, showing increased U.S. market outlook still space. Dollar index short-term resistance at 86.20, it is important to the resistance in the 86.80. Dollar index short-term support around 85.20, it is important to support in the 84.20, the dollar remained at 84.00 as long as the above, the dollar will continue to maintain the long form.

Originally posted here.

About FXCM

FXCM.com (Forex Capital Markets LLC) is definitely the most famous forex enterprise with heavy offline promotion and commercial around the world. FXCM is widely regulated firm   got more than 300 regulatory actions from NFA & CFTC  and for Islamic forex traders They can open an islamic account with fxcm  with   interest free services to suite islamic regulations

FXCM Features

FXCM offers forex traders  24 hour online forex trading with No Dealing Desk. Instead the streaming prices provided to FXCM from multiple banks, with spreads as low as 1 pip

Originally posted here.

Yesterday in the  forex market, the dollar didnt  continued its bullish movment from the day before. Fluctuations in the dollar index was between 86.10-85.17, closing at 85.51.

European Currencies  after inability to maintain the vested interests, the  EUR /USD  bounced back to the 1.3084 maximum, closing at 1.3017; GBP/ USD  bounced back to the 1.4023 maximum, closing at 1.3874;  USD / CHF  to 1.1491 minimum callback, closing in 1.1533.

USD/GPY  fluctuations in between 89.50-88.00, closing at 89.08.

UK data released Thursday showed that the UK CBI industrial orders in January the margin is expected to -48 after the the former value of -35, the data further exacerbated by weak UK investors worried about the prospects for economic growth, to the GBP / USD  brought down the pressure. The recent  expectino  that Bank of England  bring to zero interest rates continue to suppress the pound, that is, the market expect the central bank may be reduced in May interest rates to zero .

At the same time, recent troubled UK banking sector news, the pound has been one of the reasons for the trend of the weak. Eurostat (Eurostat) data released Thursday showed the euro-zone industrial orders in November fell 4.5 percent monthly rate, 26.2 percent annual rate of decline, the biggest annual decline for the record, and exceeded market expectations, which highlighted the region’s economy plunged into deep recession accelerated obvious signs of suppressing EUR/USD  slide. Although Africa and the United States currency in the rebound to slightly down, but the dollar has not gained a strong advantage of a favorable situation, mainly the United States released by real estate data and employment data are very weak, adding to the market’s worries about the U.S. economic outlook, it is now the foreign exchange market at a stalemate, are not much to choose between each other, no one much better than anyone else, no one even worse than anyone else, finishing shocks may be acceptable to all the movements. But this is only a temporary balance, the market will find all sorts of excuses to break this balance.

From the technical point of view, the dollar index over the short-term resistance at 86.50 will continue to limit the dollar’s rebound, but did not fall below 85.00 ago, the U.S. dollar would not do a substantial adjustment.

Originally posted here.

At yesterday  in the forex market, the dollar down, the dollar index bounced back to 86.50, closing at 85.88, today continued to fall to 85.17 in early trading. European currencies yesterday bottom line pick-up in EUR/ USD  to explore the minimum 1.2825, closing at 1.2937, today continue to rise in early trading to 1.3084; GBP / USD  which fell to 1.3619 the lowest close at 1.3909, today continue to rise in early trading to 1.4024

; USD/ CHF Lang highest rebound to 1.1615, closing at 1.1589, today continued to fall to 1.1491 in early trading. The trend of the yen and European currencies is just the opposite line, yesterday, JPY/ USD  fell sharply to 87.13,87.13 yesterday, a level not seen since July 1995, closing at 89.17 today  , continued to rebound to 89.50 in early trading.

Yesterday, Bank of England announced in January 7-8, minutes of meetings, members discussed the interest rates unchanged at 2%, but do not want to make the market or an unexpected blow to confidence. Despite the introduction of a large number of economic stimulus measures, but in January the news makes output and inflation risks are biased downward, therefore, the members adopted the final 8-1 decision to cut interest rates 0.5% , the lowest interest rates fell to a record 1.5 %. The market expected the Bank of England may cut interest rates will be held in May to zero interest rates, pessimistic about the prospects for interest rates, coupled with the UK banking sector in trouble, against the pound continued to suppress the formation.

Yesterday, co-founded the legendary Quantum Fund, Rogers said that the pound is a lack of infrastructure to support the currency, the dollar against the U.S. dollar and the euro should continue to devaluate , which also constitute a pound for the bad factors. The European banking sector continued to tighten credit and sovereign bond spreads down the deterioration of the global economy by expanding the second quarter of this year’s performance may not be able to reach the bank expected  EUR/ USD will be first half of this year may fall 15 %, EUR/ USD  may be in the second quarter fell to 1.10, a record since September 2003 to a new low.

Yesterday, U.S. stocks rebounded sharply, the Dow Jones index closed at 8228.10 points, closed up 279.01 points, improved market sentiment risk, high-yielding currencies against the yen rebounded sharply, driving  USD  rebound against  JPY   sharply, commodity currencies the Australian dollar , the Canadian dollar, New Zealand benefited  from the same element, have stabilized, and performed pretty well. From now on view, as long as the global capital markets could stabilize if the dollar continued to rise sharply may not be very big. Unless the stock market crash and financial crisis continues to worsen, then the dollar and the yen will continue to be  the default currencies  to hedge risks  but also sought after by the market.

Originally posted here.

yesterday’s forex exchange market, the dollar continued the sharp rebound in the dollar index bounced  to 86.39, closing at 86.21. European  currencies continued to pressure drop in EUR/ USD  fell to 1.2856 the lowest close at 1.2891; GBP / USD fell substantially greater, the minimum fell to 1.3863, closing at 1.3918; USD / CHF fto 1.1515 the highest rebound to close at 1.1472 .

Yesterday, the Japanese yen in cross trading, supported by relatively strong performance, the USD/ JPY fell to 89.79 yesterday, the lowest close in 89.82.

Royal Bank of Scotland (RBS) said Monday that the bank is likely to exceed last year’s loss of earlier expectations, pessimistic, or a loss of as much as 28 billion pounds, a record loss of Britain’s largest-ever corporate records. At the same time, the bank’s business is still facing great uncertainties. Bad news in the above-mentioned under the guidance of the GBP/ USD fell sharply on the inevitable. ZEW Center for European Economic Research data released Tuesday show that in January the German ZEW economic sentiment index rose to -45.2 in December for almost a year to a high of -31 for the third consecutive increase in three months. Economists had forecast the index will rise to -43.1. Although Germany’s economic data a little better, but the EUR/ USD  continues to decline.

Yesterday, Obama formally became the 44th U.S. president, in his inaugural speech promised to take decisive and swift action to deal with the economic crisis, the demand for Obama New Deal will help the U.S. economy is expected to bottom out strongly in support of short-term dollar strength. In his speech, Obama said the United States is facing  many challenges to overcome these challenges despite the difficulty, but also can not be reached in a short time, he believed that the United States will ultimately be able to succeed. Yesterday, Standard Bank said that the U.S. banking industry may face combat, the U.S. stock market plunge, the Dow Jones index closed at 7949.09 points, closed down 332.13 points, the mood of the market hedge strong USD and the JPY  as  hedging currency  on could not have been better. Yesterday, crude oil and gold is also a reaction to a certain extent, in which part of hedge funds also flowed into the crude oil and gold. However, in the context of the U.S. dollar, crude oil and gold it is very difficult to go too far.

From the technical analsys point of view, the U.S. dollar index break through the 86.00 resistance, short-term strong performance to continue. Today, below the 85.20 support, the U.S. dollar index remained at 85.00 as long as the above, the USD  also continued to rebound in movement. Dollar index only fell below 85.00, the dollar will enter a short-term adjustment ,

Originally posted here.

Last Friday in the forex market, the dollar showed the form of bearish movement, the U.S. dollar index to the lowest callback 83.47, closing at 83.91. Open once again this morning fell 83.46, to continue to test the effectiveness of the support of 83.40. Department of collective counterattack European currency, the EUR/USD bounced back to the 1.3341 maximum, closing at 1.3298. Also this morning, rebounded sharply to 1.3384, which was close to EUR/ USD 1.3410 short-term resistance;GBP/ USD  bounced back to 1.4979 the highest close larger decline, to close at 1.4746. This morning also rebounded sharply to 1.4885, but the important short-term resistance from 1.5000 is still some time before;  USD / CHF  has also been suppressed in spite, but the decline marginally, the minimum fell to 1.1110, closing at 1.1156. USD / JPY is an alternative trend in the European Currencies    currencies rebounded against the backdrop of the JPY  would be difficult to have a good performance, the USD / GPY rebounded slightly last Friday, the highest rebound to 90.89, closing at 90.58. This morning continued to rebound bounced back to the highest 91.29. Announced last Friday the U.S. Treasury Department report showed that overseas investors in November to sell U.S. bonds, in August 2007 for the credit crisis since the beginning of the first. November investors sold a net 22.87 billion U.S. dollars of U.S. treasuries, in October bought a net 32.87 billion U.S. dollars. One of the most noteworthy is that overseas investors in U.S. Treasury bonds of the sharp decline in demand, if the overseas investors in the next few months to continue to sell U.S. bonds, U.S. dollars will be bad. University of Michigan data released Friday showed that U.S. consumer confidence in January rose to four-month high. Data show that the United States in January University of Michigan consumer sentiment index rose to 61.9 last month to 60.1. Economists had expected December data was 58.8. January University of Michigan consumer confidence index accidents better than expected, the data provided support for the U.S. dollar, to suppress the European   currencies  fell in early trading . Barclays Bank on the rumors of bad form against the pound significantly suppressed, so that the exchange rate this time more than 300 points, the highest retracement. Citigroup and Merrill Lynch & Co. reported a loss of Finance has not been too bad for the U.S. to form, U.S. stocks closed higher Friday concussion, the Dow Jones index closed at 8281.22 points, closed up 68.73 points. From the technical point of view, the dollar index above 84.60 resistance is still very large, but short-term support in 83.40, if the dollar index fell below 83.40, then we will have the opportunity to come down about finishing 82.70. If the dollar index fell below 82.30, then the accident, the U.S. dollar continued to weaken on the inevitable short-term. Today, U.S. short-term to short temper mainly stop, there are 30 points or more profitable is located only a good win, before the market opened in the United States did not withdraw all transactions

Originally posted here.

Begin Forex by G. N. Louw  explains you everything you actually need to know aboutonline  forex trading. starting with what forex brokers and market makers are recommended    to trade with and how you should use their dealing ldesk and trading software to carry  a trade in the forex market to what forex forecast signal service you should subscribe to so you can start trading effectively from the beginning and make money right from the start without years of experience. The idea of Begin Forex is to get you started in forex trading as swiftly as possible plus shows you how to use the world’s best forecast tools and services to be profitable and a successful forex trader right from the begin. This book is recommended for people new to forex trading and want to begin forex trading right from the basics . What subjects are included ? ?How to choose a forex service provider ?How to set up your forex trading charts ?How to use a dealing  desk to enter the market ?How to use a forecast tool to make the correct decisions on when to buy or sell ?What forex forecast services are reliable and proved to use so you can win money right from the begin

Originally posted here.

At yesterday’s foreign exchange market, the dollar is in shock, the dollar index bounced  to the highest 85.15, the lowest point  84.05, closing at 84.44.
Eur / USD  fluctuated in between 1.3233-1.3026, closing at 1.3157;
GBP / USD   fluctuated in between 1.4681-1.4478, closing at 1.4654;
USD  / CHF fluctuated  in between 1.1286-1.1137, closing at 1.1220;
USD / JPY fluctuated in between 89.99-88.48, closing at 89.71.
Yesterday, the European Central Bank cut interest rates as scheduled, announced to cut interest rates 50 basis points, the European Central Bank President Jean-Claude Trichet hinted that the bank is further likely to cut interest rates in future, but  unlikely to follow the pace of the U.S. Federal Reserve of interest rates cut. Investors believe that the 50 point rate cut is not the current round of rate cut cycle, “Terminator”, was to suppress the euro weakness across the board, while the outlook for U.S. prospects for a new round of banking sector has triggered concern to hedge buying U.S. to provide support. Yesterday, the United States announced in December producer price index fell 0.9 percent annual rate, drop in October 2006 to the most, the data reinforced the Federal Reserve will be a period of time to maintain interest rates at a relatively low level expectations. At the same time, announced in January the Philadelphia manufacturing index rose to -24.3, in spite of higher than market expectations of -35.0, but still shows that it is in a state of contraction, but the pace of contraction has slowed down. U.S. House of Representatives announced yesterday  a 825 billion U.S. dollars of economic stimulus plan, the economic stimulus package to boost the market’s confidence in U.S. economic recovery and further to U.S. stocks reversed early weakness, the Dow Jones index fell below 8,000 points yesterday, after rapid rebound bounced back to the highest point of 8285.84. This improved the mood of the market risk, high-yielding currencies to benefit against low-interest yen currency is no longer favored.
From the technical point of view, the U.S. dollar index is still in the bullish trend, the pattern is long. Today the top of the important resistance at around 85.50 to support around 84.00.
If successful breakthrough dollar index = 85.50, the pre-rebound high 88.44 dollars is long goal.
If short-term back below the 84.00 support, short-term USD  is likely to widen the space callback.

Originally posted here.

Today i will checking the influence of the The U.S. Consumer Price Index (CPI) on the forex market :

Intorducton

the influence of the The U.S. Consumer Price Index (CPI) is a time series measure of the price level of consumer goods and services. The Bureau of Labor Statistics, which started the statistic in 1919, publishes the CPI on a monthly basis. The CPI is calculated by observing price changes among a wide array of products in urban areas and weighing these price changes by the share of income consumers spend purchasing them. The resulting statistic, measured as of the end of the month for which it is published, serves as one of the most popular measures of United States inflation; however, the CPI focuses on approximating a cost-of-living index not a general price index.

The CPI can be used to track changes in prices of all goods and services purchased for consumption by urban households, i.e., of the consumer basket. User fees (such as water and sewer service) and sales and excise taxes paid by the consumer are also included. Income taxes and investment items (like stocks, bonds, life insurance, and homes) are not included. The index measures inflation faced by consumers who live in urban areas designated by the U.S. Bureau of the Census.

read more : http://en.wikipedia.org/wiki/United_States_Consumer_Price_Index

Originally posted here.

yesterday’s forex  market summary , the USD rebounded after slight adjustment, the USD index minimum callback to 83.46, the highest bounced  to 84.63, closing at 84.41. Eur / USD rebound to highest limited of 1.3330 , the minimum fell to 1.3094, closing at 1.3162;

GBP / Dollar rebounded y up to 1.4707, the lowest rate near to near 1.4490, closing at 1.4585;

USD/CHF rangedat between  1.1240-1.1120

the  USD /JPY market  also the performed  fluctuate vibration in the range of 90.00-88.60.

U.S. economic data released Wednesday showed that U.S. retail sales in December on the rate of decline of 2.7%, when the expection were  to decline 1.2%; the core retail sales dropped 3.1 percent United States in December on the c, it was expected  expected to decline in 1.3 percent.

U.S. December retail sales data plunged, dragged down further expansion of the stock market decline in Europe and the United States, the U.S. Dow Jones index closed at 8200.14 points, dropped 248.42 points, risk aversion rise, sets interest rates close the transaction so that funds continued to flow into the dollar and yen , thereby supporting the dollar’s rebound.

The U.S. Federal Reserve released yesterday the latest “Beige Book”, the last year in December to early January this year during the 12 regional banks on a survey conducted by the United States economy has slowed down further since the last survey, it is also the market was the United States and Global economic recovery time will be extended, uncertainty increased, in this case, the JPY  is a good hedge currency, the dollar will also be in hot pursuit of the market. The trend of the euro  Yesterday was weaker than in other currencies, another reason is: It is reported that the Prime Minister of Ireland said that if the economy continues to deteriorate, the country or need IMF help. The news on the euro is certainly a negative factor, so far, only the emerging economies (the IMF) to apply for help, once the euro zone countries to do so, then it will affect the credibility of the euro in order to keep the euro under pressure. The focus of today’s market will focus on the European Central Bank’s interest rate policy line, the market is expected to cut interest rates by 50 basis points, if  those  with expectations , the euro has rebounding opportunities . Otherwise, if cut more than 75 points or more, the euro will continue to expand the decline.

From the technical point of view, the dollar index top support 83.40  , but short-term resistance at 85.00 and 85.30, the dollar index is only a breakthrough for more than 85.30 before rebounding to continue to rise  Otherwise, the U.S. dollar may face a fall .

Originally posted here.