Free Forex Signals

Free Forex Trading Signals | Interest Rates

2011-01-26T11:25:00.002+08:00

Today the Bank of England Monetary Policy Committee will issue a statement on the Interest Rate and Asset Purchase Program.

Later in the day Fed Open Committee will announce the Interest Rate change in the US.

The Free Forex Trading Signals for GBPUSD is as follows:

Long Position at: 1.5826
Stop Loss at: 1.5796
Take Profit at: 1.5854 / 1.5894

Short Position at: 1.5810
Stop Loss at: 1.5840
Take Profit at: 1.5782 / 1.5754

OP, SL & TP at YOUR OWN RISKS

Buy GBPUSD

2011-01-21T08:29:00.003+08:00

Buy GBPUSD

GBPUSD is heading upward as long as it remains above 1.5827 any four hours close above 1.5998 will open the way for the instrument to test the next resistance level. Any four hours bare close below 1.5827 will change instrument`s direction. Traders should consider buying every depth with a stop loss at 1.5827.

GBPUSD Trading Signals

2011-01-08T23:38:00.003+08:00

Long GBPUSD

The 4 hour chart shows GBPUSD is heading upward as long as it remains above 1.5395.It is expected to hit above 1.5664. It will then test the next resistance level.

Traders should consider buying every depth with a stop loss at least 30 pips below the buy level.

Reversal
Any four hours bare close below 1.5395 will change the direction. Short GBPUSD.

OP, SL & TP at YOUR OWN RISKS

GBPUSD | Free Forex Trading Signals

2010-12-27T08:05:00.000+08:00

Free Forex Trading Signals

The Free Forex Trading Signals for GBPUSD is as follows:

Long Position at: 1.5486
Stop Loss at: 1.5456
Take Profit at: 1.5514 / 1.5544

Short Position at: 1.5450
Stop Loss at: 1.5480
Take Profit at: 1.5422 / 1.5384

OP, SL & TP at YOUR OWN RISKS

The Dollar this Week

2010-12-18T12:07:00.006+08:00

The Dollar vs Euro
The dollar rose 0.8 percent to $1.3144 per euro at 10:55 a.m. in New York, from $1.3244 yesterday and touched $1.3134, the strongest since Dec. 2.

The Dollar vs Yen
The dollar rose 0.3 percent versus the yen to 84.15 yen from 83.91 yen. It reached 84.51 on Dec. 15, the most since Sept. 24.

The Dollar vs Pound
The pound was the worst performer against all of its major peers. Sterling weakened 1 percent to $1.5481 and lost 0.3 percent to 84.94 pence per euro.

Buy GBPUSD | UK Retail Sales

2010-12-16T14:43:00.002+08:00

UK Retail Sales

Today’s Retail Sales number from UK will be widely watched as this is a high impact report.

We’ll be looking to BUY GBP/USD with the UK Retail Sales news announcement

Free Forex Trading Signals

The Free Forex Trading Signals for GBPUSD is as follows:
GBPUSD

Long Position at: 1.5564
Stop Loss at: 1.5534
Take Profit at: 1.5598 / 1.5632 / 1.5656

OP, SL & TP at YOUR OWN RISKS

Dollar Weakens with Fed Purchases

2010-11-05T10:23:00.000+08:00

Assets Purchases

The dollar fell after the Federal Reserve said it will buy an additional $600 billion of Treasuries to boost the U.S. economy.

The pound advanced after the Bank of England refrained from adding to its asset purchases.

Interest Rates

The Fed has kept U.S. interest rates near zero since December 2008 to try to stimulate growth following the worst recession since the Depression.

The Bank of England kept its main interest rate at a record low of 0.5 percent and maintained the size of its bond stimulus plan at 200 billion pounds, as forecast by economists in Bloomberg News surveys.

The ECB will leave its refinancing rate at 1 percent today, according to all 55 economists in a Bloomberg News survey.

Free Forex Trading Signals

2010-07-16T12:01:00.001+08:00

Free Forex Trading Signals

The Free Forex Trading Signals for GBPUSD is as follows:
GBPUSD

Long Position at: 1.5468
Stop Loss at: 1.5428
Take Profit at: 1.5486 / 1.5518 / 1.5546

Short Position at: 1.5458
Stop Loss at: 1.5498
Take Profit at: 1.5426 / 1.5384 / 1.5330

OP, SL & TP at YOUR OWN RISKS
Free Forex Trading Signals

This is a Free Forex Trading Signals and we must remind you again that Forex Trading is a very risky trade.
If you decide to trade, kindly note that you trading at your own risks. You Open Position, Take Profit and put a Stop Loss at Your Own Risks. We hold no responsibility for any losses or damages incurred.

Pound Fell

2010-07-06T12:29:00.000+08:00

July 5, 2010 (Bloomberg) -- U.K. government bonds rose and the pound fell on speculation that Prime Minister David Cameron’s plans to cut spending will constrain both the budget deficit and economic growth.

Forex Trading News

2010-06-08T05:31:00.000+08:00

The US economic calendar is quiet for this week, consisting of April wholesale inventories, the Fed's Beige Book, the April trade deficit, weekly jobless claims, May retail sales and the University of Michigan consumer confidence survey. Also scheduled this week will be Fed Chairman Bernanke's testimony on the economy before the House Budget Committee on Wednesday. With the softer than expected US reports, particularly Friday's weaker than forecast jobs figures, the FOMC is likely to leave policy unchanged for the remainder of the year, quelling speculation for any hike in rates over the coming months.

by Korman Tam

Bloomberg News

2010-06-03T12:24:00.001+08:00

June 2 (Bloomberg) -- The yen fell against its major counterparts amid speculation Finance Minister Naoto Kan will succeed Prime Minister Yukio Hatoyama and pursue measures to weaken the currency.

The yen declined to the lowest level in two weeks against the dollar after Hatoyama tendered his resignation today as public criticism mounted over his handling of U.S. troop deployments in Okinawa. The euro stayed near its weakest level in four years versus the dollar amid speculation the European Central Bank will tolerate a weaker single currency.

“Markets have been slightly suspicious of Kan’s attitude to the currency,” said Adam Cole, head of global currency strategy at Royal Bank of Canada in London. “He has said that most businesses would prefer a weaker yen and hence the fall.”

The yen depreciated to 91.98 per dollar at 6:58 a.m. in New York, from 90.94 yesterday, after reaching 92, the weakest since May 19. It traded at 112.48 per euro, from 111.22. The euro was at $1.2234, from $1.2229 yesterday, when it touched $1.2111, the lowest since April 2006.

Kan said on his first day as finance chief on Jan. 7 that he wants the currency to weaken “a bit more” after it declined from a 14-year high of 84.83 per dollar in November. He said manufacturers think a range of 90 to the mid-90s is desirable. A stronger yen may erode profits from exporters, who led Japan’s recovery from its worst postwar recession.

Weak-Yen Advocate

Deputy premier Kan, together with National Strategy Minister Yoshito Sengoku and Foreign Minister Katsuya Okada, are likely candidates to replace Hatoyama, said Gerald Curtis, a professor of Japanese politics at Columbia University in New York.

“If Kan, who is an advocate for a weak yen, replaces Hatoyama, investors’ expectations will strengthen for the yen to decline,” said Masahide Tanaka, a senior strategist in Tokyo at Mizuho Trust & Banking Co., a unit of Japan’s second-largest banking group.

Ichiro Ozawa, the ruling Democratic Party of Japan’s top campaign strategist, will also step down as secretary-general, Hatoyama said. The resignations come less than two months before mid-term elections, potentially hindering the DPJ’s efforts to reduce public debt.

Hatoyama stepped down less than a week after the Social Democratic Party left the ruling coalition, following a clash over the relocation of the Futenma Marine Air Base in Okinawa. The government will retain power regardless of the result of upper-house elections this summer because of its majority in the lower chamber.

No ‘Extraordinary Level’

The euro stayed near its four-year low against the dollar on concern that Europe’s efforts to rein in budget deficits will hamper the region’s economic revival.

ECB Governing Council member Christian Noyer said the euro’s current rate is “by no means an extraordinary level,” Germany’s Handelsblatt reported, citing an interview.

European Commission President Jose Manuel Barroso meanwhile called for a “commitment to keep the euro a strong and credible currency” during a news conference today in Vilnius, Lithuania.

Options traders are the most bearish on the euro in at least seven years amid concern that Europe’s banks will face difficulties weathering the region’s sovereign-debt crisis. The premium charged for the right to sell the euro in three months over contracts to buy the currency touched 3.35 percent, the most since Bloomberg began compiling the data in 2003.

Non Farm Payrolls

2010-06-01T11:13:00.003+08:00

Non Farm Payrolls

The Dollar is expected to be better with the Non Farm Payrolls report to be released this Friday. However, it could be slightly checked by the Unemployment Rate report.

The Non Farm Payrolls figure is forecast to surge to its ceiling high since 1997, recording at an increase of 508k jobs in May versus 290k jobs added in April. The Unemployment Rate is estimated to improve to 9.8%, easing slightly from the previous month at 9.9%.

The Dollar

2010-05-30T08:13:00.001+08:00

Increased Risk-Appetite Fuels Markets
by Korman Tam

The greenback relinquished gains against the majors with the euro edging up just shy of the 1.24-level while the Canadian dollar pushed higher to 1.0493 in the Thursday session. Improving risk appetite propped the global equity indexes higher sending the Dow Jones higher by more than 2% and the Nasdaq up by 2.85% in the afternoon session. Crude oil benefited as well, posting a nearly 3.7% rally to above the $74-per barrel mark.

China reassured markets and quelled rumors that it was reevaluating its Euro zone debt holdings - which was first reported in yesterday's FT. A Chinese government official shrugged off the report, calling it "groundless" and prompting a rally in the global equity brouses.

Economic reports released earlier in the session were largely softer than forecast. Weekly jobless claims fell by less than expected at 460k versus calls for a decline to 455k and down from an upwardly revised 474k in the previous week. The second reading for Q1 GDP was downwardly revised to reveal growth of 3.0% -- compared with calls for an upward revision of 3.4% versus the preliminary reading of 3.2%.

Bloomberg News

2010-05-30T08:09:00.001+08:00

May 28 (Bloomberg) -- The euro erased gains against the dollar, headed for a sixth monthly loss, amid concern the sovereign-debt crisis will hamper the region’s economic recovery.

The 16-nation euro declined against 12 of its 16 most- traded counterparts after CNBC, citing an unidentified official, reported that the German government plans a permanent naked shorting ban for certain euro-zone securities. Sweden’s krona rose the most in a week against the shared currency as a report showed the economy grew in the first quarter more than analysts forecast, spurring speculation the central bank will raise interest rates in July. The dollar fell against the yen after a report showed U.S. business activity expanded at a slower pace in May.

“The euro is very sensitive to headlines right now,” said Amelia Bourdeau, a currency strategist in Stamford, Connecticut, at UBS AG. “The eurozone has a lot of issues it has to work out and it’s harder for them because of the coordination required at this point.”

The US Dollar Falls

2009-10-01T10:06:00.001+08:00

Sept. 30 (Bloomberg) -- The dollar dropped against most of its major counterparts and headed for a second straight quarterly loss against the euro as evidence the global economy is recovering boosted demand for higher-yielding assets.

Dollar’s Status
The greenback’s share of global currency reserves fell in the second quarter to 62.8 percent, from 65 percent in the first three months of the year, an IMF report showed. The euro’s share rose to 27.5 percent, from 25.9 percent.

ECB Lending
The euro gained versus the dollar earlier today after the ECB said it will lend banks 75.2 billion euros ($110 billion) for 12 months at the current benchmark interest rate of 1 percent to boost credit flows and aid the recovery in the region’s economy. Economists had expected demand at today’s auction to be 137.5 billion euros, according to the median of 16 forecasts in a Bloomberg News survey.

Australian Retail
The Australian dollar rose against all of its major counterparts today as a report from the Bureau of Statistics showed retail sales climbed 0.9 percent in August, more than then 0.5 percent increase forecast by economists.

The Yen

2009-09-30T11:56:00.001+08:00

The Yen

The Japanese Yen fell against the dollar after Finance Minister Hirohisa Fujii said he may intervene in foreign-exchange markets to stabilize the Yen.

US Dollar Rises

2009-09-30T11:46:00.004+08:00

US Dollar

The US Dollar rose against all majors with the announcement by Russia with regards to its International Reserves.

Russia will keep the share of U.S. Treasuries in its International Reserves at about 30 percent.
Russia will avoid diversifying into Australian and Canadian dollars because of liquidity concern, the central bank said.

The Dollar Dropped

2009-09-18T14:29:00.001+08:00

Sept. 17 (Bloomberg) -- The dollar dropped to within a penny of the lowest versus the euro in a year as a manufacturing gain and an unexpected drop in initial jobless claims spurred investors to sell the greenback and buy higher-yielding assets.

US Dollar

2009-08-19T12:14:00.001+08:00

US Dollar Downtrend

The dollar is in a downtrend after falling below 94.76 yen, a key price based on the Fibonacci sequence of numbers. That level is a 50 percent retracement from a two-month high of 97.79 reached on Aug. 7 to a six-month low of 91.74 reached on July 13.

The next level of support will be 94.05, which represents a 38.2 percent retracement of the decline.

Forex News

2009-07-30T12:46:00.000+08:00

US Economic Reports
US economic reports released this morning saw durable goods orders decline sharply in June, posting a monthly decline of 2.5% versus a downwardly revised increase of 1.3% from May. The excluding transports durable goods orders improved to 1.1% compared with a downwardly revised 0.8% increase a month prior. The Fed's Beige Book revealed the pace of economic decline had moderated or stabilized at a low level in most districts adding that the manufacturing sector remained subdued but slightly more positive than in the past. The Fed said there was still slack in the labor markets, with most sectors reducing jobs or holding steady and net employment falling.

Low Dollar

2009-07-22T11:00:00.000+08:00

The dollar traded near a six-week low versus the euro as corporate earnings beat analysts’ estimates, reducing demand for relative safety.

Sell GBPUSD

2009-07-09T16:39:00.000+08:00

SELL GBPUSD
Short Position at: 1.6156
Stop Loss at: 1.6206
Take Profit at: 1.6104 / 1.6042 / 1.5996

OP, SL & TP at YOUR OWN RISKS

Forex Trading is a very risky trade and if you decide to trade, kindly note that you trade at your own risks. You Open Position, Take Profit and put a Stop Loss at Your Own Risks. We hold no responsibility for any losses or damages incurred.

GBPUSD

2009-07-09T08:07:00.000+08:00

GBPUSD
The downtrend should continue to gather momentum.

The Euro

2009-07-08T11:19:00.000+08:00

July 7 (Bloomberg) -- The euro rose against several of its major counterparts after a government report showed German factory orders increased the most in almost two years in May.

Obama “misread the economy"

2009-07-07T07:27:00.000+08:00

Vice President Joe Biden said yesterday on the ABC news program “This Week” that the administration of President Barack Obama “misread the economy” when it forecast unemployment would peak at 8 percent if Congress enacted a $787 billion fiscal stimulus.

US Dollar Rises

2009-07-01T11:39:00.002+08:00

Dollar Rises Versus Euro as U.S. Sentiment Spurs Safety Demand

June 30 (Bloomberg) -- The dollar gained versus the euro for the first time in four days as a report showed U.S. consumer confidence unexpectedly dropped in June, increasing demand for the safety of the world’s main reserve currency.

The U.S. currency declined 5.6 percent against the euro in the three months ended today, its first quarterly drop since March 2008, pushing the greenback 0.4 percent lower in 2009. The yen was down 6.4 percent versus the euro this year, compared with a 2.6 percent decline in the first six months of 2008.

Dollar Slumps & Pound Gain

2009-05-28T10:01:00.002+08:00

Pound Gain
May 27 (Bloomberg) -- The pound rose above $1.60 for the first time in almost seven months as speculation the worst of the financial crisis is over stoked demand for assets denominated in the British currency.

“The pound is having a correction after being hammered hard last year,” said Brian Kim, a currency strategist in Stamford, Connecticut, at UBS AG, the world’s second-largest currency trader. “There’s some valuation argument.”

Sterling rose as much as 0.8 percent to $1.6047, the highest level since Nov. 5, before trading at $1.6005 at 10:13 a.m. in New York, compared with $1.5926 yesterday. The pound appreciated 0.8 percent to 87.12 pence per euro, from 87.80 pence. The dollar traded at 94.91 yen, compared with 95.03. The euro decreased 0.4 percent to 132.36 yen from 132.90. The euro slid 0.2 percent to $1.3957 from $1.3984.

Brazil’s real strengthened beyond 2 per dollar for the first time in almost eight months, boosted by a rebound in demand for assets and commodities from Latin America’s largest economy. The benchmark interest rate in Brazil is 10.25 percent, compared with 0.1 percent in Japan, 1 percent in the 16-nation euro region and as low as zero in the U.S.

Sterling ‘Gaining’
“The view that sterling is gaining ground is becoming more prevalent,” said David Powell, a London-based currency strategist at the firm.

The pound climbed about 2.9 percent since it rose through its 200-day moving average versus the dollar on May 20, a sign to investors who use technical charts that it will extend its advance. Against the euro, it advanced 2.8 percent this month.
The pound may appreciate to 85 pence per euro by year-end, according to Bank of America-Merrill Lynch.

The dollar depreciated 5.2 percent versus the euro this month as signs of a global recovery reduced safe-haven demand for the greenback. It weakened beyond $1.40 last week for the first time since January on concern U.S. creditworthiness deteriorated as its budget deficit ballooned.

U.S. Housing
Sales of existing houses, which account for more than 90 percent of the U.S. market, gained last month to a 4.68 million annual rate, from a revised 4.55 million in the prior month, the National Association of Realtors reported today.

The dollar gained yesterday versus the euro after the Treasury’s record-tying $40 billion sale of two-year notes drew the most demand since November 2006 from a group of investors that includes foreign central banks. The U.S. will auction $35 billion in new five-year notes today, the second of three sales this week that will raise $101 billion.

Pound Strengthens After U.K. Home Prices Rise, Stocks Advance

2009-05-19T14:32:00.000+08:00

May 18 (Bloomberg) -- The pound rose against the euro and the dollar after an industry report showed U.K. home sellers raised asking prices in May by the most in more than a year.

Bloomberg Forex News : Euro Declines as Economy Contracts

2009-05-16T10:22:00.000+08:00

Euro Declines as Economy Contracts Most in at Least 13 Years

May 15 (Bloomberg) -- The euro fell against the dollar and extended a weekly loss versus the yen as the economy of the 16- nation region contracted the most in at least 13 years, raising concern the pace of recovery will be slow.

The U.S. currency pared its loss against the yen as manufacturing in the New York region contracted this month the least since August and the six-month outlook improved for a third straight month. The euro was headed for its first weekly decline versus the dollar in a month on Europe’s contraction.

“It’s a really bad piece of data, and it’s going to get worse because the European Central Bank has only come up with half-hearted measures,” said Geoffrey Yu, a strategist in London at UBS AG, the world’s second-largest currency trader. “This is going to be bad for the euro.”

The euro slid 0.5 percent to $1.3573 at 10:15 a.m. in New York, from $1.3639 yesterday, and was headed for a weekly decrease of 0.4 percent. The euro lost 1.1 percent to 129.27 yen from 130.67, for a 3.5 percent decline this week. The dollar dropped 0.6 percent to 95.25 yen, from 95.80, after earlier decreasing 1.1 percent.

The yen gained this week versus all of the 16 most actively traded currencies tracked by Bloomberg as reports indicating the global economic recovery may be slow reduced demand for higher- yielding assets. The yen rallied 7.6 percent to 11.06 against the South African rand and increased 5.7 percent to 14.70 versus Norway’s krone.

Euro Rose Against the Dollar

2009-05-12T12:36:00.001+08:00

Euro Rose Against the Dollar

May 11 (Bloomberg) -- The yen advanced from a one-month low against the euro on speculation a decrease in stocks will reduce demand for higher-yielding assets.

The euro, which rose the most against the dollar in almost two months on May 8, stalled after its 14-day relative strength index approached 70, signaling a change in direction may be imminent. The Australian dollar fell from the strongest level versus the dollar and yen since October as HSBC Holdings Plc, Europe’s biggest bank, said 2009 will be a “tough” year.

Non Farm Payroll

2009-05-09T12:12:00.001+08:00

May 8 (Bloomberg) -- The dollar declined to a one-month low against the euro as a government report showed U.S. employers cut fewer jobs last month than economists forecast, reducing demand for the safety of the greenback.

Dollar Index
The Dollar Index, which the ICE uses to track the greenback against the euro, yen, pound, Canadian dollar, Swedish krona and Swiss franc, fell 0.7 percent this week to 83.390.

U.S. companies eliminated 539,000 jobs in April after a decrease of 699,000 in the previous month, the Labor Department reported today in Washington. The median forecast of 70 economists surveyed by Bloomberg was for a drop of 600,000. The unemployment rate increased to 8.9 percent.

“Things are improving a little bit faster than people were expecting,” said Sebastien Galy, a currency strategist at BNP Paribas Securities SA in New York. “People have been so bearish on the euro in general. Indeed, what we’re seeing is euro-dollar breaking higher, and our recommendation is to buy the euro.” The euro may rise to $1.40 in two weeks, he said.

The dollar was headed for a third weekly decline versus the euro, weakening 1.6 percent in the longest losing streak this year. Against the yen, the dollar was little changed this week, while the euro rose 1.7 percent.

The Dollar on Non Farm Payroll Day

2009-05-09T12:09:00.002+08:00

The Dollar Decline
May 8 (Bloomberg) -- The dollar declined to a one-month low against the euro as a government report showed U.S. employers cut fewer jobs last month than economists forecast, reducing demand for the safety of the greenback.

Canada’s currency advanced to the highest versus the greenback since November on the nation’s unexpected addition of jobs in April. The yen slid versus all but two of the 16 most actively traded currencies tracked by Bloomberg and touched a seven-month low against Australia’s dollar this week as evidence the recession is easing spurred demand for higher yields.

“The prevailing flow now is negative for the dollar, negative for the yen, positive for the commodity-linked currencies and higher yielders,” said Michael Woolfolk, senior currency strategist at Bank of New York Mellon in New York. “Right now the report is given a positive spin by the market. The market is grabbing on the green-shoot rally.”

The dollar lost 0.6 percent to $1.3473 versus the euro at 10:22 a.m. in New York, from $1.3390 yesterday. It touched $1.3516, the weakest level since April 6. The U.S. currency traded at 99.14 yen, compared with 99.12. The euro increased 0.7 percent to 133.64 yen, from 132.71.

The euro-dollar exchange rate rose today above its 200-day moving average for the first time since December.

Euro Up, Sterling Down

2009-05-08T10:07:00.001+08:00

The Euro & Sterling

May 7 (Bloomberg) -- The euro climbed to a one-month high against the dollar as traders said the European Central Bank’s plan to buy 60 billion euro ($80.5 billion) in covered bonds isn’t aggressive enough to debase the currency.

Sterling dropped from a four-month high versus the dollar after the Bank of England said it will raise bond purchases by 50 billion pounds ($75 billion) to give the British economy additional support. The ECB joins the Federal Reserve, the Bank of Japan and the Bank England in buying bonds to spur growth.

Bloomberg Forex News

2009-05-07T10:15:00.000+08:00

May 6 (Bloomberg) -- The euro weakened against the dollar for a second day on speculation the European Central Bank policy makers will lower interest rates tomorrow and consider other measures to stimulate growth.

Bloomberg Forex News Wed.

2009-05-06T12:44:00.002+08:00

May 5 (Bloomberg) -- The dollar rose against the euro for the first time in three days as Federal Reserve Chairman Ben S. Bernanke said the U.S. economic contraction may be easing and a report showed services industries shrank at a slower pace.

Australia’s dollar appreciated to the highest level against the greenback since October after the Reserve Bank held the target lending rate at 3 percent. The euro fell against the dollar after a report showed European producer prices dropped in March by the most in 22 years, bolstering the case for more action by the European Central Bank to revive economic growth.

“Bernanke sounded positive on housing,” said Shaun Osborne, chief currency strategist at TD Securities Inc. in Toronto. “What else could he say? But there is not a lot of conviction. Once the euro started to slip, the markets were quick to cut risk positions.”

The dollar gained versus the euro as Bernanke’s remarks before the congressional Joint Economic Committee echoed last week’s central bank statement that the outlook has “improved modestly” since March. He gave no indication that the Fed intends to retreat from its unprecedented policy of keeping the overnight target close to zero and boosting credit through emergency-loan programs and asset purchases.

Services Industries

Service industries in the U.S. contracted in April at the slowest pace in six months, another sign the economic slump is gradually abating.

The London interbank offered rate that banks charge for three-month dollar loans fell below 1 percent for the first time as credit markets showed signs of thawing.

U.S. Banks

Banks are formulating plans for filling their capital requirements, much of which would likely come from conversions of preferred shares, people familiar with the situation said. The Fed plans to deliver results of stress tests on U.S. banks to executives today that may show about 10 companies need more capital to weather a deeper recession, the people said.

The ECB
The European Central Bank will probably lower the benchmark rate by a quarter-percentage point to 1 percent, according to a Bloomberg survey of economists. That would be the lowest level since the bank took charge of monetary policy in 1999.

Bloomberg Forex News

2009-05-05T09:54:00.003+08:00

May 4 (Bloomberg) -- The yen declined against the dollar for a fourth day in the longest stretch of declines since March as China’s manufacturing expanded for the first time in nine months, encouraging investors to buy higher-yielding assets.

The euro declined earlier versus the dollar after Germany’s Federal Statistics Office in Wiesbaden said retail sales, adjusted for inflation and seasonal swings, unexpectedly fell 1 percent in March from the previous month and the European Commission cut its forecasts for economic growth, predicting a 4 percent contraction in 2009 and a 0.1 percent decline in 2010.

The Euro
The shrinking 16-nation economy will prompt the European Central Bank to lower the main refinancing rate by a quarter- percentage point to 1 percent on May 7, according to the median forecast of 44 economists surveyed by Bloomberg.

The dollar will trade at $1.315 by the end of the week, Chandler said.

The Dollar
The Federal Reserve and U.S. banking regulators will reveal the results from stress tests on the nation’s 19 biggest banks on the same day as the ECB’s decision.

“The results of the U.S. banks’ stress tests may pose downside risks for the markets,” said Joseph Capurso, a foreign-exchange strategist at Commonwealth Bank of Australia in Sydney. “As such, the dollar may garner support as a ‘safe- haven’ currency.”

Mexico’s peso advanced 0.9 percent to 13.6556 per U.S. dollar as Health Minister Jose Cordova said the flu outbreak is in a “declining phase” and appears to have “contained itself.”

Bloomberg

2009-05-02T07:41:00.002+08:00

Yen Falls as Signs of U.S., Chinese Recovery

May 1 (Bloomberg) -- The yen fell to a two-week low against the euro while the dollar dropped as signs of recovery in manufacturing in the U.S. and China sapped demand for the currencies as a refuge.

The Euro
The euro rose 1.1 percent to 131.98 yen at 10:05 a.m. in New York, from 130.52 yesterday, and reached 132.35, the highest level since April 14. The yen declined 0.9 percent to 99.47 against the dollar, from 98.63. It touched 99.58, the weakest level since April 17. The euro appreciated 0.3 percent to $1.3273 from $1.3230.

The Yen
Japan’s currency fell 2.6 percent versus the euro and 2.3 percent against the dollar this week, the first declines in a month. The dollar dropped versus the euro for a second week, losing 0.2 percent. The U.S. currency will likely slip to $1.40 per euro in six months, according to Shankar.

University of Michigan Consumer Index
The Reuters/University of Michigan final index of consumer sentiment rose to 65.1, the second straight gain, from 57.3 in March. The index reached a three-decade low of 55.3 in November.

China’s Purchasing Manager’s Index
China’s Purchasing Manager’s Index increased to a seasonally adjusted 53.5 last month from 52.4 in March, the Federation of Logistics and Purchasing said today in Beijing. A reading above 50 indicates expansion of manufacturing.

Bloomberg

2009-05-02T07:41:00.000+08:00

Yen Falls as Signs of U.S., Chinese Recovery

May 1 (Bloomberg) -- The yen fell to a two-week low against the euro while the dollar dropped as signs of recovery in manufacturing in the U.S. and China sapped demand for the currencies as a refuge.

The euro rose 1.1 percent to 131.98 yen at 10:05 a.m. in New York, from 130.52 yesterday, and reached 132.35, the highest level since April 14. The yen declined 0.9 percent to 99.47 against the dollar, from 98.63. It touched 99.58, the weakest level since April 17. The euro appreciated 0.3 percent to $1.3273 from $1.3230.

Japan’s currency fell 2.6 percent versus the euro and 2.3 percent against the dollar this week, the first declines in a month. The dollar dropped versus the euro for a second week, losing 0.2 percent. The U.S. currency will likely slip to $1.40 per euro in six months, according to Shankar.

Free Forex Signals

2009-04-23T15:22:00.001+08:00

Free Forex Signals

GBPUSD

Long Position at: 1.4540
Stop Loss at: 1.4440
Take Profit at: 1.4590 / 1.4640 / 1.4680 / 1.4720

OP, SL & TP at YOUR OWN RISKS

Free Forex Signals : GBPUSD

2009-04-20T12:36:00.000+08:00

GBPUSD

Short Position at: 1.4780
Stop Loss at: 1.4880
Take Profit at: 1.4710 / 1.4660

OP, SL & TP at YOUR OWN RISKS

GBPUSD Trading Signals

2009-03-11T16:38:00.000+08:00

GBPUSD
Short Position at: 1.3740
Stop Loss at: 1.3840
Take Profit at: 1.3620 / 1.3440
OP, SL & TP at YOUR OWN RISKS

The Dollar Slumpped

2009-02-22T14:19:00.001+08:00

Dollar Slumps on Bank Speculation
by Korman Tam

The dollar's losses accelerated in the Friday session, tumbling to 1.2883 against the euro and 1.4482 versus the sterling as traders continued to pare their greenback positions ahead of the weekend. Global equity bourses struggled across the board, with the Dow Jones Industrial Average plunging to its lowest intraday level since 1997 at 7249.47. Meanwhile, spot gold rallied to its highest level since March 2008 at 1006.40 per ounce.

The foreign exchange market largely shrugged off this morning's US economic releases, which saw the January consumer price creep higher by 0.3% versus a 0.7% decline in the previous month and flat on an annualized reading. The core CPI figures were slightly higher than expected with the monthly reading at 0.2%, versus calls for an increase to 0.1% from a flat reading in December, while edging up to 1.7%, down from 1.8% in the previous year.

The markets remained worried over potential nationalization of Citigroup and Bank of America, as expressed by Senate Banking Committee Chairman Chris Dodd. Given the lingering uncertainty over the outlook for the banking sector, next week's government stress tests of banks' balance sheets will be closely scrutinized and likely trigger another bout of heightened volatility

Happy New Year

2008-12-28T12:11:00.003+08:00

Most Traders are in a Holiday mood now.

Wishing all Readers

HAPPY NEW YEAR

Free Forex Signals

2008-11-19T15:48:00.001+08:00

SHORT POSITION at: 1.5000
STOP LOSS at: 1.5100
TAKE PROFIT at: 1.4720
OP, TP & SL at your own RISKS

Bloomberg Forex News: Yen & Dollar Record High

2008-11-01T12:05:00.002+08:00

Oct. 31 (Bloomberg) -- The yen and the dollar rose against the euro and headed for record monthly gains as signs of a global recession led investors to seek safety.
Japan's currency also advanced after the Bank of Japan lowered the target lending rate by 0.2 percentage point to 0.3 percent. The euro fell as inflation in the 15 nations that share the currency slowed to the lowest since January, making it easier for the European Central Bank to lower borrowing costs.
Japan's currency has risen 17 percent against the euro in October, the biggest monthly gain since the European currency's introduction in 1999. The dollar has increased a record 10.6 percent versus the euro. The greenback is down 7.8 percent against the yen, the biggest decline since 1998, when hedge fund Long-Term Capital Management LP collapsed.
Policy makers next meet Nov. 6, when they will probably cut the region's main refinancing rate to 3.25 percent, according to the median forecast of 26 economists surveyed by Bloomberg News.
The Bank of England will lower its main rate by a half- point to 4 percent when it announces its next decision on Nov. 6, according to the median forecast of 30 economists surveyed by Bloomberg News.

Short GBPUSD Forex Signals

2008-10-28T09:58:00.000+08:00

GBPUSD

SHORT Position at 1.5660
STOP LOSS above 1.5710
TAKE PROFIT at 1.5586 / 1.5535 / 1.5464

OP, SL & TP at your Own Risks

Forex Forex News : US Fundamentals News Deteriorates

2008-10-18T07:37:00.004+08:00

The US fundamentals news deteriorates further, thereby reinforcing sentiment of an imminent recession. This is further aggravated by a sharp collapse in consumer confidence in light of the recent market turmoil and financial system crisis.

With the prospects for a global economic recession likely to put on pressure on equities and the forex market.

However, the yen is likely to remain supported across the board amid heightened risk aversion.

The carry trades will continue to be vulnerable to heightened volatility and we look for the yen to maintain its buoyant tone over the coming weeks.

Bloomberg Forex News: The Dollar The Pound

2008-10-14T07:22:00.003+08:00

Pound Strength

The pound rose 1.9 percent to $1.7360, the most in almost a month, as the U.K. government said it will invest 37 billion pounds ($64.2 billion) in Royal Bank of Scotland Group Plc, HBOS Plc, and Lloyds TSB Group.

The euro increased from a 1-1/2-year low of $1.3259 on Oct. 10 as European policy makers meeting in Paris yesterday pledged to guarantee until the end of 2009 bank-debt issues with maturities up to five years.

France, Germany, Spain and Austria committed 1.1 trillion euros ($1.5 trillion) to guarantee bank loans and take stakes in lenders. Finance ministers and central bankers from the G-7 group said in a statement after a meeting in Washington on Oct. 11 they will take ``all necessary steps'' to repair credit markets.

Losses in the dollar accelerated after the Fed said today the European Central Bank, the Bank of England and the Swiss National Bank will offer financial institutions unlimited funds in the U.S. currency, providing easier access to dollars in response to demand for loans.

`Dollar Funding Pressures'

``This decision is a further step towards alleviating dollar funding pressures outside the U.S., which may have played a key role in creating substantial U.S. dollar upside pressure in foreign exchange markets,'' Thomas Stolper, an economist at Goldman Sachs Group Inc. in London, wrote in a research note today.

Non-U.S. banks have about $12 trillion in dollar-denominated liabilities, Stolper wrote, citing data from the Bank for International Settlements.

``The net impact of this banking crisis is likely to be a significant downturn in global growth, but it is not entirely clear who will emerge from this as a longer-term winner,'' said Shaun Osborne, chief currency strategist at TD Securities Inc. in Toronto. ``The dollar is overbought in the short-term. Europe certainly has its own challenges.''

Forex News : Euro Rose - EURUSD Rose

2008-10-14T07:18:00.001+08:00

Oct. 13 (Bloomberg) -- The euro rose the most in three weeks against the dollar after European leaders agreed to guarantee bank borrowing and prevent failures that would further batter the credit markets.

The U.S. currency fell versus the Mexican peso and Australian dollar as the Federal Reserve and three other central banks announced unlimited dollar auctions, reducing demand for the greenback for funding among financial firms. Brazil's real, South Korea's won and the peso rallied today as an 11.6 percent gain in the Standard & Poor's 500 Index encouraged investors to buy high-yielding, emerging-market assets

Forex Trading

2008-10-09T16:42:00.001+08:00

Free Forex Indicators
Free Forex Signals
Open Live Accounts with
FxPro or Master Forex
YM : myforexwatch
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GBPJPY: Free Forex Signals

2008-10-09T16:38:00.000+08:00

SHORT position at 175.90
STOP LOSS above 176.60 (-70 pips).
THE TARGETS are 175.34/ 173.66 / 172.86
OP, SL & TP at your own risks.

Forex News : Interest Rate Cuts

2008-10-08T21:46:00.002+08:00

WASHINGTON - The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a percentage point Wednesday to steady a teetering economy.

The Fed reduced its key rate from 2 percent to 1.5 percent.

In Europe, which also has been hard hit by the financial crisis, the Bank of England cut its rate by half a point to 4.5 percent, while the European Central Bank sliced its rate to 3.75 percent.

Other central banks also taking part include the banks of Canada, Sweden, and Switzerland.

China also cut its key interest rates Wednesday for a second time in less than one month to stimulate slowing economic growth amid the global credit crisis.

Wait for Forex News on USD Interest Rate Cut

2008-10-08T12:16:00.002+08:00

Fed's Bernanke Tips Hat to Rate Cut
by Korman Tam
10/7/2008 9:50:00 PM

The global financial crisis continues to drive the volatile movements in the foreign exchange market, with the yen and dollar benefiting from safe haven flows amid heightened risk aversion. The US equity bourses extended its dive for another session with the Dow Jones losing 5.1% to 9,447.11, the Nasdaq plunged 5.8% to 1,754.88 and the S&P 500 shredding another 5.74% to break beneath the 1,000-level to 996.23. Amid growing speculation of coordinated intervention by global central banks, Fed Chairman Bernanke raised the prospects for a rate cut suggesting the FOMC would "need to consider whether the current stance of policy remains appropriate" given the current "extraordinary stress" on the financial system. It was also revealed earlier that the Fed would be purchasing commercial paper issues to facilitate the improved flow of credit with Bernanke saying they will continue to pursue tools at its disposal to improve market functioning and liquidity.

Meanwhile, fears overseas have heavily weighed on the sterling and euro - amid burgeoning skepticism over the stability of European and British financial institutions. It was announced earlier today the UK would inject up to 50 billion pounds into several banks, with the government purchasing preferred shares of the banks - thus partially nationalizing the institutions. Governments across the globe have stepped up efforts to inject liquidity into cash-strapped financial institutions in order to stave off further tightening in the credit markets and stem the crisis.

The minutes of the FOMC's September 16th meeting revealed deliberations for a rate cut, with Board members expressing greater pessimism over growth in the coming year. The minutes showed some members calling for a "policy response" to the detrimental impact of the financial crisis on growth. With the next Fed policy meeting at the end of October, we look for a 50-basis point rate cut from the FOMC, lowering its benchmark lending rate to 1.50%.

GBPJPY Forex Signals

2008-10-06T16:20:00.004+08:00

GBPJPY
LONG position at 181.80
STOP LOSS below 181.30 (- 50 pips).
THE TARGETS are 182.30 / 183.00 / 183.70
OP, SL & TP at your own risks
GBPJPY
SHORT position at 181.00
STOP LOSS above 182.50 (-50 pips).
THE TARGETS are 180.50 / 180.00
OP, SL & TP at your own risks.

Forex Signals

2008-10-06T14:26:00.000+08:00

GBPJPY
LONG position at 181.80
STOP LOSS below 181.30 (- 50 pips).
THE TARGETS are 182.30 / 183.00 / 183.70
OP, SL & TP at your own risks

Forex News: US Govt. Was Againsts Other Countries In Bailing Out Ailing Companies

2008-10-05T00:14:00.007+08:00

WASHINGTON - After two weeks of anguishing debate, Congress has passed and President Bush signed a massive plan to save the financial industry and the economy at large from an unthinkable free fall. Now, the world holds its breath, seeing if it will work.
Passage of the $700 billion financial rescue package came after Treasury Secretary Henry Paulson at a meeting last month shocked congressional leaders into action by warning of pending economic collapse without immediate congressional intervention.

Paulson said after the climactic House vote Friday that he already had staff working out details and was lining up advisers from outside the government to get the money flowing.

The immediate response to the 263-171 vote was not promising. Wall Street, which plunged a record 778 points after the House initially rejected the bill last Monday, fell 157 points on Friday as more economic bad news, such as a jump in job losses, outweighed news that Congress was finally coming to the rescue.

Sept. 2008 Non Farm Payroll Report

2008-10-03T07:27:00.006+08:00

Of all the world monthly economic reports, the monthly U.S. Non Farm Report (NFP) is the most highly anticipated and has the most dramatic impact on the currency market.

Estimated 90K to 105K Loss in Payroll Jobs for Sept. 2008

GBPJPY : SELL

2008-10-03T00:15:00.000+08:00

GBPJPY
SHORT position at 186.00
STOP LOSS above 186.50 (-50 pips).
THE TARGETS are 185.18 / 184.18
OP, SL & TP at your own risks.

Fundamental & Fibonacci : Short GBPJPY

2008-10-02T13:14:00.000+08:00

GBPJPY
SHORT position at 187.20
STOP LOSS above 187.70 (-50 pips).
THE TARGETS are 186.72 / 185.80
OP, SL & TP at your own risks.

Free Forex Signals: The $700 Billion Bail Out

2008-09-30T13:51:00.001+08:00

WASHINGTON - The Federal Reserve and foreign central banks moved Monday to pump billions of dollars to cash-strapped banks at home and abroad in a dramatic bid to break through a credit clog and spur lending.
The Fed said the action is intended to "expand significantly" the cash available to financial institutions, its latest effort to relieve the worst credit crisis since the Great Depression.
The goal is to boost the amount of quick cash available to banks and other financial institutions so that they'll feel more confident and inclined to lend not only to each other but also to people and businesses.
Credit is the economy's lifeblood. The global credit clog — which started a year ago and grew much more severe in the past few weeks — has made it increasingly difficult for people and businesses to borrow money. The crisis — if it persists — could plunge the economy into a recession, President Bush and Fed Chairman Ben Bernanke have warned.
The Fed action came hours before the House defeated a $700 billion financial bailout plan, ignoring urgent pleas by Bush and Bernanke to move swiftly.

Forex Signals : Now The European Governments Bail Out Banks

2008-09-30T08:44:00.001+08:00

Pound, Euro Tumble Against Dollar as Governments Bail Out Banks

Sept. 29 (Bloomberg) -- The pound fell the most against the dollar in 15 years and the euro weakened after European governments bailed out banks and a report showed confidence in the region's economic outlook dropped.

Congress Rejects Rescue Plan

2008-09-30T07:04:00.000+08:00

Congress Rejects Rescue Plan; Equities & USD Selloff
by Korman Tam
9/29/2008 5:40:00 PM

US Treasury Secretary Paulson said there has been significant turmoil in the financial markets in recent days but remains committed to continue to work with regulators to protect both the financial system and economy. Paulson said the banking system was holding up very well considering the pressure, adding that he will continue to work with lawmakers as the effort to stabilize the banking system was too important to fail. He also expressed a sense of urgency, saying in spite of the "significant tools in the Treasury's tool kit", they are insufficient in bailing out the financial sector.

Global central banks continued to pump liquidity into the financial system with another bout of coordinated intervention. The Fed announced that it would be injecting another $630 billion in an effort to prevent the credit markets from locking up. In coordination with the ECB, BoE, BoJ and SNB, the Fed will bolster its swap lines to facilitate liquidity to flow more freely.

Breaking News : Financial Crisis Bail Out

2008-09-26T03:33:00.001+08:00

WASHINGTON - Key Republicans and Democrats reported agreement Thursday on an outline for a historic $700 billion bailout of the financial industry, but there was still resistance from rank-and-file House Republicans despite warnings of an impending panic.
"I now expect we will, indeed, have a plan that can pass the House, pass the Senate, be signed by the president and bring a sense of certainty to this crisis that is sill roiling in the market," Sen. Bob Bennett, R-Utah, said as members of both parties emerged from a two-hour negotiating session.
Negotiators planned to present the outline at a White House meeting later Thursday with President Bush and the rivals to replace him, Republican John McCain and Democrat Barrack Obama.
"We're very confident that we can act expeditiously," said Sen. Chris Dodd, D-Conn., the Banking Committee chairman.
Not everyone in the closed-door talks was as optimistic. Rep. Spencer Bachus of Alabama, the only House Republican in the bargaining meeting, stopped short of saying he agreed with the other lawmakers on an imminent deal.
"There was progress today," said Bachus, the senior Republican on the House Financial Services panel.
Later, he issued a statement saying he was not empowered to strike any deals and there was "no agreement other than to continue discussions."
Both houses' Republican leaders, Rep. John Boehner and Sen. Mitch McConnell, also issued statements saying there was no agreement.
Still, the White House called the announcement "a good sign that progress is being made."
"We'll want to hear from (Treasury) Secretary (Henry) Paulson and take a look at the details. We look forward to a good discussion at the meeting this afternoon," said Tony Fratto, the deputy White House press secretary.
A Treasury spokeswoman said the proposal was being reviewed there.
On Wall Street, stock prices were up late in the trading day, but not by as much as earlier in the day.
The core of the plan proposed by the administration just a few days ago envisions the government buying up sour assets of shaky financial firms in a bid to keep them from going under and to stave off a potentially severe recession.
Obama and McCain called for a bipartisan effort to deal with the crisis, little more than five weeks before national elections in which the economy has emerged as the dominant theme.
McCain on Wednesday asked Obama to agree to delay their first debate, scheduled for Friday, to deal with the meltdown. Obama said the debate should go ahead.
Congressional negotiators said Thursday there were few obstacles to a final agreement, although no details of an accord were immediately available.
"There really isn't much of a deadlock to break," said Rep. Barney Frank, D-Mass, chairman of the House Financial Services Committee.
But there were fresh signs of trouble in the House Republican Caucus. A group of GOP lawmakers circulated an alternative designed to attract private money back into the credit markets with less government intrusion.
Under that proposal, the government would provide insurance to companies that agree to hold frozen assets, rather than purchase them directly as envisioned under the administration's plan. The firms would have to pay insurance premiums to the Treasury Department for the coverage.
"The taxpayers haven't done anything wrong," said Rep Eric Cantor, R-Va., adding that rather than require them to bear the cost of the bailout, the alternative "pretty much puts the burden on Wall Street over time."
Boehner, R-Ohio, the minority leader, was huddling with McCain on the rescue. When asked whether the GOP presidential nominee could corral restive Republicans to support the plan, Boehner said, "Who knows?"
Bush told the nation in a televised address Wednesday night that passage of the package his administration has proposed was urgently needed to calm the markets and restore confidence in the reeling financial system.
House Speaker Nancy Pelosi, D-Calif., said Bush's agreement with Democrats on limiting pay for executives of bailed-out financial institutions and giving taxpayers an equity stake in the companies cleared a significant hurdle.
It was not immediately clear how lawmakers had resolved differences over how to phase in the unprecedented cost — a step demanded by Democrats and some Republicans who want stronger congressional control over the bailout — without spooking markets. The idea of letting the government take an ownership stake in troubled companies as part of the rescue, rather than just buying bad debt, also has been a topic of intense negotiation.
Frank told The Associated Press Thursday both elements would be included in the legislation.
Bush acknowledged Wednesday night that the bailout would be a "tough vote" for lawmakers. But he said failing to approve it would risk dire consequences for the economy and most Americans.
"Our entire economy is in danger," he said.

GBPJPY before Bail Out Plans

2008-09-25T17:31:00.000+08:00

GBPJPY
LONG position at 196.10
STOP LOSS below 195.10 (- 100 pips).
THE TARGETS are 196.90 / 197.50 / 198.20
OP, SL & TP at your own risks

US Economic Reports other than The Bail Out

2008-09-25T17:17:00.001+08:00

US economic reports return to focus in the session ahead, with markets focusing on August durable goods, initial jobless claims, and new home sales. The headline durable goods orders for August are seen reversing July's 1.3% gain, falling by 1.6% while the excluding transportation figure is seen falling by 0.5% compared with an increase of 0.7% in the previous month. Meanwhile, August new home sales are seen little changed from the prior month, down slightly to 510k units, versus 515k units from July.

Dollar Decline Too Big to Sustain

2008-09-24T08:11:00.000+08:00

Dollar Rises Against Euro on Bets Decline Too Big to Sustain
Sept. 23 (Bloomberg) -- The dollar rose against the euro for the first time in five days on bets the greenback's biggest decline since January 2001 yesterday was too big to sustain.

US Goverment Bail Out Plans

2008-09-23T12:00:00.001+08:00

Sept. 22 (Bloomberg) -- The dollar dropped to a three-week low against the euro and fell versus the yen on concern a U.S. proposal to buy $700 billion of troubled assets from financial institutions will widen the country's budget deficit.
Uncertainty over the US government's $700 billion rescue plan to purchase bad mortgage debts off banks' balance sheets has triggered heightened volatility in the financial markets and raised fears on whether it will solve the current crisis. The plan is still pending Congressional approval, with additional details possibly not revealed until next week. The dollar will likely continue to bear the brunt of the sharp volatility and concerns of a potentially sharp spike in the deficit.

Govt Sponsored Equity Alleviate The Pressure on US Dollar

2008-09-19T23:30:00.004+08:00

USD Rebounds on Govt Action

The dollar edged higher in early Friday trading, rising above the 106-figure versus the yen and pushing the euro lower toward the 1.42-region. The advance in the greenback and stocks was prompted by discussions for the creation of a government-sponsored entity that would remove "the illiquid assets on bank balance sheets that are the underlying source of the current stresses in financial institutions and financial markets". In doing so, the government aims to restore confidence in the recently battered financial industry following the string of failures and halt any additional fallout on the already slumping economy.

Global central banks announced coordinated efforts to pump massive amounts of liquidity into the financial system to alleviate "continued elevated pressures in the US dollar short-term funding markets". The BoC, BoE, ECB, SNB, BoJ and Federal Reserve increased their swap lines to provide improved liquidity in both term and overnight operations by more than $180 billion.

GBPUSD

2008-09-19T23:30:00.003+08:00

GBPUSD
SHORT position at 1.8310
STOP LOSS above 1.8360 (-50 pips).
THE TARGETS are 1.8238
OP, SL & TP at your own risks.

GBPUSD

2008-09-19T23:30:00.002+08:00

GBPUSD :
OPEN POSITION SHORT @1.8280
STOP LOSS @ 1.8330 (-50 pips).
TAKE PROFIT @ 1.8238 / 1.8126
OP, SL & TP at your own risks.

GBPUSD

2008-09-17T22:46:00.001+08:00

GBPUSD
LONG position at 1.7876
STOP LOSS below 1.7826 (- 50 pips).
THE TARGETS are 1.7930 / 1.8022
OP, SL & TP at your own risks

GBPUSD TODAY

2008-09-17T12:31:00.002+08:00

GBPUSD
SHORT position at 1.7790
STOP LOSS above 1.7840 (-50 pips).
THE TARGETS are 1.7734 / 1.7634 /1.7578
OP, SL & TP at your own risks.

SHORT GBPUSD

2008-09-17T01:40:00.000+08:00

GBPUSD
SHORT position at 1.7860
STOP LOSS above 1.7910 (-50 pips).
THE TARGETS are 1.7800 / 1.7740
OP, SL & TP at your own risks.

GBPJPY

2008-09-15T07:41:00.000+08:00

GBPJPY
LONG position at 192.48
STOP LOSS below 191.48 (- 100 pips).
THE TARGETS are 193.10 / 194.00 / 194.60 / 195.60
OP, SL & TP at your own risks

GBPJPY

2008-09-12T14:55:00.000+08:00

GBPJPY
LONG position at 188.90
STOP LOSS below 188.40 (- 50 pips).
THE TARGETS are 189.15 / 189.36 / 189.68
OP, SL & TP at your own risks
GBPJPY
SHORT position at 188.30
STOP LOSS above 189.80 (-50 pips).
THE TARGETS are 188.50 / 188.20 / 187.94
OP, SL & TP at your own risks.

Fundamental Reports: Trade & Jobless Claims

2008-09-11T13:57:00.001+08:00

Traders will look ahead to US economic reports slated for release Thursday morning, consisting of the July trade deficit, weekly jobless claims and the August Federal Budget. Consensus estimates expect the trade deficit to edge higher to $58 billion in July, versus a $56.77 billion deficit from the previous month. Weekly jobless claims are seen little changed at 440k versus 444k from the prior week. Meanwhile, the Federal Budget is forecasted to shrink to $106.2 billion for August, compared with $117.0 billion a month earlier.

USD Higher

2008-09-11T13:56:00.001+08:00

USD Edges Higher, Oil Retreats
by Korman Tam
9/10/2008 3:30:00 PM

The dollar touched a fresh 11-month high against the euro just above the 1.40-level and held steady near 2 ½-year highs versus the pound at 1.7540. The greenback continues to remain favored amid burgeoning fears of rapidly deteriorating economic fundamentals, which consequently sent crude oil to an intra-day low at $101.43 per barrel. Also propping the dollar higher was the announcement from Lehman Brothers to sell off parts of its business to shore up its balance sheet, thereby tempering market jitters in the interim.

GBPJPY SHORT position at 189.30

2008-09-10T18:27:00.000+08:00

GBPJPY
SHORT position at 189.30
STOP LOSS above 189.80 (-50 pips).
THE TARGETS are 188.60 / 188.00 / 187.46
OP, SL & TP at your own risks.

BUY GBPJPY

2008-09-10T12:05:00.001+08:00

GBPJPY
LONG position at 188.90
STOP LOSS below 188.40 (- 50 pips).
THE TARGETS are 189.50 / 190.52
OP, SL & TP at your own risks

Short GBPJPY @ 189.00

2008-09-09T14:21:00.002+08:00

GBPJPY
LONG position at 188.90
STOP LOSS below 198.40 (- 50 pips).
THE TARGETS are 189.20 / 189.56 / 190.12
OP, SL & TP at your own risks

GBPJPY
SHORT position at 188.70
STOP LOSS above 189.20 (-50 pips).
THE TARGETS are 189.24 / 188.62 / 187.30
OP, SL & TP at your own risks.

Yen Rises

2008-09-06T12:45:00.000+08:00

Yen Rises to Highest Versus Dollar Since July as U.S. Jobs Fall
Sept. 5 (Bloomberg) -- The yen rose to the highest level against the dollar since July after the U.S. lost jobs for an eighth month and touched a one-year high versus the euro as investors sold higher-yielding assets funded in Japan.
Japan's yen rallied against most of the world's major currencies on concern credit-market losses will lead to a global recession. The Australian and New Zealand dollars dropped to a two-year low on speculation a slump in stocks and commodities encouraged investors to reverse carry trades.
The yen rose for a third day against the dollar, increasing 0.7 percent to 106.36 at 10:31 a.m. in New York, from 107.08 yesterday. It reached 105.55, the highest since July 17. Japan's currency climbed 1.1 percent to 151.66 versus the euro, from 153.40, and touched 150.60, the highest since Aug. 17, 2007. Against the euro, the dollar traded at $1.4261, compared with $1.4325. It touched $1.4196, the strongest since Oct. 24.

Forex News: Non Farm Payroll

2008-09-05T11:26:00.002+08:00

Forex Signals : GBPJPY

2008-09-04T14:32:00.002+08:00

GBPJPY
SHORT position at 193.30
STOP LOSS above 193.80 (-50 pips).
THE TARGETS are 192.76 / 192.12 / 191.50 / 191.10
OP, SL & TP at your own risks.

KG Trapping Mode

2008-09-03T12:08:00.003+08:00

Fundamental News This Week

2008-09-02T08:54:00.000+08:00

US economic reports due out this week consist of manufacturing ISM, durable goods orders, factory orders, weekly jobless claims, Q2 productivity, services ISM, and the August jobs report. Manufacturing ISM, due out on Tuesday at 10:00 AM, is seen slipping beneath the key 50-level to 49.9, which indicates contraction in the manufacturing sector for the month of August. Meanwhile, garnering the lion's share of market attention this week will be Friday's August jobs data. Although the unemployment rate is estimated to remain unchanged at 5.7%, the data is likely to indicate a loss of 73k jobs, greater than the 51k jobs lost from July.

GBPJPY

2008-09-02T08:38:00.001+08:00

GBPJPY
LONG position at 194.00
STOP LOSS below 193.50 (- 50 pips).
THE TARGETS are 194.60 / 195.23
OP, SL & TP at your own risks

GBPJPY

2008-09-02T06:05:00.001+08:00

GBPJPY @ 22:30 GMT 1 Sept
SHORT position at 194.60
STOP LOSS above 195.10 (-50 pips).
THE TARGETS are 194.06
OP, SL & TP at your own risks.

GBPJPY

2008-09-01T12:49:00.003+08:00

SHORT position at 195.90
STOP LOSS above 196.40 (-50 pips).
THE TARGETS are 195.06 / 194.46 / 192.60
OP, SL & TP at your own risks.

GBPJPY

2008-08-27T19:57:00.001+08:00

GBPJPY
LONG position at 201.00
STOP LOSS below 200.50 (- 50 pips).
THE TARGETS are 201.60 / 201.86
OP, SL & TP at your own risks

GBPJPY

2008-08-27T11:00:00.000+08:00

GBPJPY
LONG position at 201.50
STOP LOSS below 201.00 (- 50 pips).
THE TARGETS are 201.70 / 202.08 / 202.86
OP, SL & TP at your own risks
GBPJPY
SHORT position at 201.35
STOP LOSS above 201.85 (-50 pips).
THE TARGETS are 200.80 / 200.46 / 200.00
OP, SL & TP at your own risks.

GBPJPY

2008-08-27T08:45:00.001+08:00

GBPJPY
LONG position at 201.50
STOP LOSS below 201.00 (- 50 pips).
THE TARGETS are 201.70 / 202.08 / 202.86
OP, SL & TP at your own risks

The Yen & Swiss Franc

2008-08-26T11:47:00.001+08:00

Aug. 25 (Bloomberg) -- The yen and Swiss franc rose against most of the other major currencies on bets credit market losses will widen, prompting investors to sell holdings of higher- yielding assets and pay back loans in Japan and Switzerland.

GBPJPY

2008-08-22T18:08:00.001+08:00

GBPJPY
LONG position at 202.90
STOP LOSS below 202.10 (- 80 pips).
THE TARGETS are 203.20 / 203.70 / 204.10
OP, SL & TP at your own risks
GBPJPY
SHORT position at 203.70
STOP LOSS above 204.50 (-80 pips).
THE TARGETS are 203.00 / 202.50
OP, SL & TP at your own risks.

GBPJPY

2008-08-22T15:45:00.001+08:00

GBPJPY
LONG position at 203.70
STOP LOSS below 203.20 (- 50 pips).
THE TARGETS are 204.60 / 205.60
OP, SL & TP at your own risks
GBPJPY
SHORT position at 204.20
STOP LOSS above 204.70 (-50 pips).
THE TARGETS are 203.80 / 203.60
OP, SL & TP at your own risks.

Forex Signal: GBPJPY 22 August 2008

2008-08-22T12:02:00.001+08:00

GBPJPY
LONG position at 204.00
STOP LOSS below 203.50 (- 50 pips).
THE TARGETS are 204.60 / 205.60
OP, SL & TP at your own risks
GBPJPY
SHORT position at 204.20
STOP LOSS above 204.70 (-50 pips).
THE TARGETS are 203.80 / 202.80
OP, SL & TP at your own risks.

Fannie & Freddie the Signal for the Dollar

2008-08-22T11:18:00.000+08:00

Traders will look ahead to speech by Fed Chairman Ben Bernanke slated for 10:00 AM. His speech will be closely scrutinized for hints on future policy moves and any indications of support for troubled Fannie Mae and Freddie Mac.

GBPJPY

2008-08-20T07:33:00.001+08:00

GBPJPY
LONG position at 204.60
STOP LOSS below 204.10 (- 50 pips).
THE TARGETS are 205.26 / 205.80
OP, SL & TP at your own risks
GBPJPY
SHORT position at 204.80
STOP LOSS above 205.30 (-50 pips).
THE TARGETS are 204.56
OP, SL & TP at your own risks.

Signals : GBPJPY

2008-08-19T09:02:00.000+08:00

GBPJPY
LONG position at 205.50
STOP LOSS above 205.00 (- 50 pips).
THE TARGETS are 206.26 / 206.88
OP, SL & TP at your own risks
GBPJPY
SHORT position at 205.16
STOP LOSS above 205.66 (-50 pips).
THE TARGETS are 204.44 / 204.00
OP, SL & TP at your own risks.

GBPJPY

2008-08-15T14:59:00.001+08:00

GBPJPY
SHORT position at 204.88
STOP LOSS above 205.48 (- 60 pips).
THE TARGETS are 204.54 / 204.10 / 203.68
OP, SL & TP at your own risks
GBPJPY
LONG position at 205.16
STOP LOSS above 204.56 (-60 pips).
THE TARGETS are 205.44 / 205.70 / 206.12
OP, SL & TP at your own risks.

GBPJPY

2008-08-15T10:19:00.001+08:00

GBPJPY
LONG position at 205.30
STOP LOSS above 205.00 (-30 pips).
THE TARGETS are 205.70 / 206.12
OP, SL & TP at your own risks.