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Thursday, March 3, 2011
Forex Afternoon Overview | ECB | Jean-Claude Trichet | 3 March 2011
Forex Afternoon Overview | ECB | Jean-Claude Trichet | 3 March 2011
Forex Afternoon Overview - March 3, 2011 - Economic Calendar - Support & Resistance - Sentiment Index - Movers & Shakers - World Indexes - Forex TV News Read full article
Forex Afternoon Overview - March 3, 2011 - Economic Calendar - Support & Resistance - Sentiment Index - Movers & Shakers - World Indexes - Forex TV News Read full article
Wednesday, March 2, 2011
Tuesday, March 1, 2011
USD/CAD | BOC Interest Rate | 1 March 2011
USD/CAD | BOC Interest Rate | 1 March 2011
The BOC kept there rate unchanged today at 1%. The pair has moved through trendline resistance at the 0.9714 level and this will now be watched as short term support by intraday traders looking for a temporary bottom in the pair. Read more & see graph
The BOC kept there rate unchanged today at 1%. The pair has moved through trendline resistance at the 0.9714 level and this will now be watched as short term support by intraday traders looking for a temporary bottom in the pair. Read more & see graph
Monday, February 28, 2011
Forex | Afternoon Overview | 28 February 2011
Forex | Afternoon Overview | 28 February 2011
Before the financial crisis unfolded in 2007, the franc was one of the most popular currencies for use in carry trades the practice of borrowing one currency with low interest rates and investing the funds in another denomination yielding a higher rate. The franc was favored because of Switzerland's low interest rate, and the Japanese yen was appealing for similar reasons.
Read more
Previous session overview
The euro traded up to a fresh three-week high against the dollar Monday based on comparably attractive yields despite continuing tumult in the Middle East.
Euro-zone debt stresses remain unresolved, but the common currency has nonetheless plowed ahead of late on expectations that inflation will likely trigger rate hikes in the euro zone before the U.S. or Japan. The euro has been particularly buoyed by increasingly hawkish remarks by European Central Bank rate setters in the run-up to the bank's interest rate decision Thursday.
Turmoil in the Middle East continues to benefit currencies perceived as safe havens, particularly the Swiss franc and yen but not the greenback, said analysts.
The euro was recently at USD1.3825, from USD1.3754 late Friday in New York. The dollar was at JPY81.86 from JPY81.65.
The Canadian dollar rallied to its highest level in more than three years Monday morning after stronger-than-expected growth data had investors conjecturing the Bank of Canada could raise interest rates earlier than previously expected.
The U.S. dollar is trading at CAD0.9739 from CAD0.9783 just before the data. Its session low of CAD0.9735 marks its lowest level since February 2008. It's down from CAD0.9792 late Friday. Canada's gross domestic product rose by 3.3% at an annualized pace in the fourth quarter, faster than the 3.0% climb expected by the market and the 2.3% forecast by the Bank of Canada in January.
Market expectation
The Swiss franc may reemerge as a funding currency for carry trades, but not just yet, because the political turmoil in North Africa and the euro-zone debt crisis will keep it in demand among investors as a safe haven.
Read more
Forex | Morning Overview | 28 February 2011
Forex | Morning Overview | 28 February 2011
Forex Morning Overview - February 28, 2011 - Economic Calendar - Support & Resistance - Sentiment Index - Movers & Shakers - World Indexes - Forex TV News http://www.forex-quebec.com/fo
Forex Morning Overview - February 28, 2011 - Economic Calendar - Support & Resistance - Sentiment Index - Movers & Shakers - World Indexes - Forex TV News http://www.forex-quebec.com/forex-morning-overview-28-february-2011.html
Sunday, February 27, 2011
Saturday, February 26, 2011
ThinkForex ECN/STP MT4 Broker Review
ThinkForex ECN/STP MT4 Broker Description & Review
See below ThinkForex accounts description
ThinkForex is one of the first ECN brokers to offer low latency high speed trading on Metatrader 4 trading platform. ThinkForex have developed technology that allows them to provide fast execution with no delay because of ThinkForex Metatrader servers are located in the same server block as their liquidity providers. Add all of that up with tight, market driven, spreads and you have the perfect trading environment for your automated/manual trading needs.
ThinkForex execution and price feed speaks for itself, compare our price feed to any other MetaTrader 4 broker on the market today and price will always update first ! By trading through an ECN, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace. The banks also reduce their costs as there is less manual effort.
Friday, February 25, 2011
Morgan Stanley, Citigroup & Sumitomo Mitsui on the Euro/Dollar
Morgan Stanley: upward revision of euro forecast - 25 February, 2011
Analysts at Morgan Stanley increased their forecasts for the European currency versus US dollar and Japanese yen.
As the reason for the forecast revision the specialists named more hawkish comments that keep coming from the European central bank. The ECB officials have spoken so far about the necessity to tighten monetary policy in order to fight rising inflation. In addition, the bank underlines that the European authorities have shown more efforts to solve the euro area’s debt problems and managed to reduce the risk of the region’s contagion.
Morgan Stanley changed target for the pair EUR/USD from $1.25 to $1.32 by March 31 and raised euro forecast from $1.20 to $1.24 by the end of the year. The pair EUR/JPY will trade at 111 yen at the end of March, while the previous estimate was at 108 yen. The year-end target for euro against yen was switched from 112 to 115 yen.
Citigroup: EUR/USD will rise to 1.4283 - 25 February, 2011
Technical analysts at Citigroup claim that the single currency may rise above 1.4000 versus the greenback after it formed the reverse “head-and-shoulders” pattern that consists of 3 bottoms with the deepest in the middle.
The figure began on February 2.
According to Citigroup, the pair EUR/USD may climb to 1.4030 and 1.4283.
Sumitomo Mitsui: euro may climb to $1.4200 - 25 February, 2011
Currency strategists at Sumitomo Mitsui Banking Corporation believe that the single currency may keep gaining in the next few weeks.
The specialists expect that the oil prices will remain very strong due to the tensions in the Middle East driving euro’s rate up as inflation in the euro area will increase encouraging the expectations that the European Central Bank will lift up interest rates.
Of course the inflationary pressure in the United States will strengthen as well. The analysts, however, think that the Fed will fall behind the ECB in the monetary tightening as higher oil prices could have a very negative impact on the American economy and the US monetary authorities will remain keen on the stimulus policy to support the country’s economic rebound. In addition, there are the political concerns affecting the greenback: investors are worrying that the popular protests against pro-US governments in countries like Egypt and Saudi Arabia signal that US global power is waning.
writed by FBS Holdings © 2011
posted by Forex Quebec
February 25, 2011
EUR/USD | Euro/Dollar | Morgan Stanley | 25 February 2011
EUR/USD | Euro/Dollar | Morgan Stanley | 25 February 2011
Analysts at Morgan Stanley increased their forecasts for the European currency versus US dollar and Japanese yen. Read mo0re
Analysts at Morgan Stanley increased their forecasts for the European currency versus US dollar and Japanese yen. Read mo0re
EUR/USD | Euro/Dollar | Sumitomo Mitsui | 25 February 2011
EUR/USD | Euro/Dollar | Sumitomo Mitsui | 25 February 2011
Currency strategists at Sumitomo Mitsui Banking Corporation believe that the single currency may keep gaining in the next few weeks. Read more
Currency strategists at Sumitomo Mitsui Banking Corporation believe that the single currency may keep gaining in the next few weeks. Read more
EUR/USD | Technical Analysis | 25 February 2011
EUR/USD | Technical Analysis | 25 February 2011
On Thursday the Euro/Dollar continued increasing with around 120 pips, after deep morning correction. The European currency appreciated from 1.3703 to 1.3824 yesterday, matching the positive Interbank sentiment projection at nearly +2%, closing the day at 1.3798. This morning the pair climbed further up, reaching 1.3838. On the 1 hour chart new upward channel has formed, while on the 3 hour chart the upward channel is trying to resume. Read more
EUR/USD Open 1.3819 High 1.3838 Low 1.3703 Close 1.3798
Thursday, February 24, 2011
The Great Rebate | Alpari UK Promotion Code | Alpari Rebate Promo Code
The Great Rebate | Alpari UK Promotion Code
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Last Day To Take Advantage of ''The Great Rebate'' - Alpari UK Limited Promotion - Receive $10 every 10 lots traded - Get your Promo Code Here > Alpari UK Promotion Code
Wednesday, February 23, 2011
Tuesday, February 22, 2011
Gold Price | Technical Analysis | 22 February 2011
Gold Price | Technical Analysis | 22 February 2011
Gold is approaching the upper limit of its bearish channel to 1423 suggesting a decline in the short term. However a break of these levels would free up significant potential and begin an upward trend. Read more
Gold is approaching the upper limit of its bearish channel to 1423 suggesting a decline in the short term. However a break of these levels would free up significant potential and begin an upward trend. Read more
Forex | Morning Review | Libyan Crisis | 22 February 2011
Forex | Morning Review | Libyan Crisis | 22 February 2011
February 22, 2011 - Markets.com
Coming up Today (All Times GMT)
* GBP - Public Sector Net Borrowing (09:30)
* CAD - Core Retail Sales m/m (13:30)
* USD - CB Consumer Confidence (15:00)
* AUD - RBA Gov Stevens Speaks (22:00)
Risk aversion has been evident across the board as the ongoing Libyan crisis has induced investors to look for safe havens. The greenback has been stronger against all the majors, Asian equities have been plummeting, and crude oil has been moving nearer to the $100 /brl level. In other news, the New Zealand dollar fell sharply by more than 1.5% against the US dollar, as a strong earth quake hit the country's second largest city of Christchurch.
EURUSD
After showing weakness in holding onto gains above 1.37, the euro took a beating against the dollar, down about 0.7% on the session at around 1.3580. It seems that uncertainty over the escalating Libyan crisis has prompted investors to take profits off the table.
Support/Resistance: 1.3550/1.3625
GBPUSD
The pound has also been losing ground against the greenback, along with other risk assets like equities. According to some analysts, should the BOE be forced to raise rates on the back of a commodity led inflation, and especially at a time where growth and employment prospects look fragile, then this could turn out to be quite sterling negative.
Support/Resistance: 1.6115/1.6185
Monday, February 21, 2011
Sunday, February 20, 2011
Saturday, February 19, 2011
Friday, February 18, 2011
Gold Price | XAU/USD | Technical Analysis | 18 February 2011
Gold Price | XAU/USD | Technical Analysis | 18 February 2011
Gold is currently testing the upper limit of its medium-term bullish channel to 1387 suggesting a decline in the short term. However a break of these levels would initiate a more violent upward trend. Read more
Gold is currently testing the upper limit of its medium-term bullish channel to 1387 suggesting a decline in the short term. However a break of these levels would initiate a more violent upward trend. Read more
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