By Russell Glaser – The Cable continues to move lower and is setting up an opportunity to short the pair and enter into a trend at the...
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GBP/USD – Moving Average MACD Combo Trade
September 1 2010, 3:15pm | Comments »
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Forex Daily Market Review Sep 01, 2010
By eToro – The Euro consolidated near 1.27 as better than expected housing numbers and strong Asian data kept the Euro from retreating. The market is...
September 1 2010, 3:10pm | Comments »
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ADP Non-Farm Employment Change on Tap
By ForexYard - After the U.S. dollar corrected some of its gains yesterday, a new trading day, packed with significant economic publications is...
September 1 2010, 2:56pm | Comments »
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Forex Trading Signals Strategy | http://www.ForexTradingVideoTutorials ...
You probably know some basic information on forex trading, but if you want to start your own forex business, you will need to know more. This article is devoted.
September 1 2010, 12:37pm | Comments »
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Forex Trading: Tips On How To Do It Right
Gather all the possible info you can get regarding Forex Trading; you must read, comprehend, and learn from the information resources because that's the only method to achieve success. With the web in your home or in the office, ...
September 1 2010, 12:32pm | Comments »
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IT, Hi-Tech, Science, Medicine and Architecture News » 5emas Forex ...
The 5EMAs Forex System is based on a well guarded method of predicting market movements, the knowledge of which will reveal how to potentially turn $1000 into $1000000 in 24 months (or $10000 into $1000000 in just 12 months). ...IT, Hi-Tech, Science, Medicine... - http://www.booshnews.com/
September 1 2010, 12:11pm | Comments »
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Backlash prompts rethink on forex leverage
Under earlier proposals, the rules would have capped retail forex leverage at 10 to one. These earlier proposed restrictions had prompted more than 9100 ...See all stories on this topic »
September 1 2010, 12:10pm | Comments »
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Forex Trading Basics: Helpful Advice For Beginners | Forex ...
The foreign exchange market is not as confusing as it seems. Some background information and helpful hints can get you on your way to understanding forex trading basics. The foreign exchange is the largest and most liquid market in the ...
September 1 2010, 11:19am | Comments »
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Forex Trading: Eurozone Final Manufacturing PMI | Daily Markets
The euro gained some strength after final manufacturing PMI came in at 55.1; better than the forecast and prior reading of 55.0. On the back of this release,
September 1 2010, 11:02am | Comments »
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Forex Trading: ADP Non-Farm Employment Change On Tap | Daily Markets
ADP Non-Farm Employment Change on Tap After the US dollar corrected some of its gains yesterday, a new trading day, packed with significant economic.
September 1 2010, 9:40am | Comments »
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Forex Automoney: Leverage Secrets to Profitable Forex Trading Part ...
Forex Automoney platform really makes it easy for traders to decide when to Buy or Sell a certain currency, but it doesn't eliminate mistakes traders do every day. Before you go and start trading with Forex Automoney platform, ...
September 1 2010, 9:13am | Comments »
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Forex Trading Strategy For the Forex Newbie | Options Trading Tutorial
If you are one of those who are attracted of making money out of the foreign exchange market, then you will not be in for disappointment. For.
September 1 2010, 9:11am | Comments »
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Forex: AUD/USD reaches 0.9000 on economic acceleration
FXstreet.com (Córdoba) - The Aussie continues to hike boosted by an optimistic GDP figure coming from Australia. In particular, the Australian GDP grew at ...See all stories on this topic »
September 1 2010, 8:42am | Comments »
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Forex Trading: Japanese Yen Approaching All-Time High Against US ...
Good day ladies and gents. Well, it's been a pleasant couple of months or even years for the Japanese yen bulls. As you can see, the USDJPY has sunk for 4.
September 1 2010, 8:25am | Comments »
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Obtain Real Forex Trading Education « AbroadPoint.com Blog
When we talk of forex trading, there are many resources for 'beginners forex trading' out there to help you learn the ropes. There are online educational programs, seminars and even one-on-one training available. ...
September 1 2010, 7:02am | Comments »
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Forex: EUR/AUD trims gains in America, approaches to 1.4200
FXstreet.com (Córdoba) - The Euro managed to close Tuesday consolidating gains against the Australian Dollar despite a late pullback during the American ...See all stories on this topic »
September 1 2010, 6:30am | Comments »
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Stocks and Risky Currencies Fall, Gold Jumps on PBOC Rumors, Moody`s Comments
By Michael Trinkle, ForexTraders Yesterday’s Asian session saw a lot of activity and was generally dominated by sales, but the American market seems to have found some floor on somewhat positive confidence and home sales data. The market seems to be rowing against the currents, however, because the positive nature of the releases is only on the surface. Among today’s news, neither the report about better than expected industrial production rates (0.3% vs. -0.4%)in Japan in August, nor data on growth of retail sales have done much to help Japanese stocks. Nikkei was down by more than 3 percent, and most Asian stock markets registered losses, even as currencies remain strong against the USD. In U.S. better than expected home sales data for June failed to make any impact since we already possess disastrous numbers for July. Moody’s warns about Chinese banks Apart from uncertainty caused by Japanese inaction,pessimism about Asia was boosted today on a report by Moody’s, via the Telegraph, about the unsustainability of the current lending practices in mainland China, where the government is risking future stability by supporting bank lending through debt (i.e. higher leverage). “Moody’s said China Investment Corporation (CIC), the country’s sovereign wealth fund, borrowed $8bn last week to recapitalise three state-owned banks, using debt rather than genuine equity to boost bank capital. The agency said that beefing up the banks by this method is “credit negative” for China as a whole: “The increases in assets and equity are artificial and without real economic substance. The increase in reported equity enables the banks to lend more and effectively leverages up the system.”
Weird rumors about Zhou Xiao Quan defecting leads to early Asian sell-off Testimony to the degree of nervousness that exists in the markets about China right now, Asian session saw major a sell-off upon claims that the PBOC Head, Zhou XiaoQuan, who had not been visible for a while in the media, had defected fearing punishment for large losses of about $430 billion suffered in consequence of his team’s FX management strategies. China may be a strange place in many ways, but it is not North Korea. One has to look a long way back to the past, to the times of the Zhao Ziyang, for example, to find the kind of ostracism that might conceivably compel an official to leave the country. The fact that rumors like this can find credibility is nothing more than a sign of how skeptical many people have become about the multiple Chinese bubbles, but even with all the problems in the country, the head of the central bank defecting because he fears punishment is just too outlandish to be believed.
Israel says Iran may attack a Middle-East nation, Iran threatens to bomb Dimona The problems between Iran and Israel are not new, but the intensity of rhetoric has been increasing for the past three months or so. In yet another step of escalation, an Iranian official is quoted as saying that the country will bomb Dimona Nuclear Reactor if it gets attacked, as Israeli minister Dan Meridor, in a question and answer session on Israeli radio in Farisi, expressed his fear that Iran would attack a Middle Eastern nation. What he means is probably that the Iranians will respond to American bombing of their reactors by attacking Israel, which is, in his thinking, a third party not involved in hostilities. We suspect that this type of comment reflects the desire of Israelis to leave the military attack to the US due to their frontline status, and the greater risks they would face in the face of an Iranian counterattack. That also speaks against a unilateral, pre-emptive Israeli attack on Iranian installations. It is of course difficult to reach conclusions on the basis of isolated statements such as these, but given the importance of the Gulf Area in maintaining global economic stability, traders must keep an eye on the region even if matters appear to progress (almost) smoothly at the moment. CFTC withdraws reform proposals, leaving retail forex clients free to (almost) suicide at 100:1 leverage The CFTC had made some sensible and suitable proposals for reforming the FX market a while ago, but those proposals appear to have been withdrawn in the face intense opposition from lawyers, dealers, and some speculators. The most crucial piece of contention is maximum leverage, naturally, since it is a major cause of the frequently large losses suffered by traders, and the huge profits reaped by brokers. The CFTC had proposed a regulation capping leverage at 10:1, at just one tenth of the currently available level at 100:1 in the U.S. At the moment, in the EU and the UK even higher leverage is possible, which explains why so many brokers prefer to base their operations in European or British centers. The calculation is simple,:while returns for the trader are often disappointing, the broker makes ten times as much money from the spread at 100:1 leverage than he would at 10:1. Among other things, according to the statement at the CFTC website, the new, diluted rules will require “the registration of counterparties offering retail foreign currency contracts as either futures commission merchants (FCMs) or retail foreign exchange dealers (RFEDs), a new category of registrant. Persons who solicit orders, exercise discretionary trading authority or operate pools with respect to retail forex also will be required to register, either as introducing brokers, commodity trading advisors, commodity pool operators (as appropriate) or as associated persons of such entities. “Otherwise regulated” entities, such as United States financial institutions and SEC-registered brokers or dealers, remain able to serve as counterparties in such transactions under the oversight of their primary regulators.“ In other words, the CFTC is aiming to streamline regulation, and end the chaotic state of the retail forex market by establishing straightforward regulatory categories. Also, “FCMs and RFEDs are required to maintain net capital of $20 million plus 5 percent of the amount, if any, by which liabilities to retail forex customers exceed $10 million. Leverage in retail forex customer accounts will be subject to a security deposit requirement to be set by the National Futures Association within limits provided by the Commission. All retail forex counterparties and intermediaries will be required to distribute forex-specific risk disclosure statements to customers and comply with comprehensive recordkeeping and reporting requirements. “ On the whole, pretty much of a disappointment, after we have seen how miserable the consequences of letting an industry regulate itself are in the subprime crisis. The CFTC is letting the NFA determine leverage limits, which means that the brokerage business will get away with whatever limit (or lack of it) serves its interests best. In sum, we note gold’s powerful rally today, and, in agreement with others, anticipate the breaking of new records in the coming weeks. In other respects, we continue to expect a significant deterioration in global economic stability largely as a consequence of major upheaval in China and the rest of the Asian region. We believe that this phase of the economic downturn lasting since 2007 will reach its climax in Asia, and Europe in the next two years. More articles from ForexTraders….
September 1 2010, 5:27am | Comments »
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AUDUSD formed a cycle top at 0.9029
AUDUSD formed a cycle top at 0.9029 level on 4-hour chart. Range trading between 0.8771 and 0.9029 is expected in a couple of days. Key resistance is...
September 1 2010, 5:08am | Comments »
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BIS: Daily Forex Flows Hit $4 Trillion A Day In April
By Katie Martin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Trading in currencies has surged by one-fifth over the past three years to hit an average of $4 ...See all stories on this topic »
September 1 2010, 3:12am | Comments »
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2010 FX Traders' Choice Awards Released - Winning Forex Brokers Announced
31 /PRNewswire/ -- Global news leader International Business Times (IBTimes.com) and market research firm Forex Datasource announced the results of the 2010 ...See all stories on this topic »
September 1 2010, 2:13am | Comments »