Leading Bank Is Also The Best Forex Broker

admin — Tue, 16 Nov 2010 05:24:01 +0000

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Euro remains close to annual lows

admin — Fri, 18 May 2012 10:13:42 +0000

Single currency ceases sell-off but remains below $1.27 while Aussie and New Zealand dollar fall to fresh lows on global economic concerns

Asia plummets on Europe fears and US data

admin — Fri, 18 May 2012 09:59:44 +0000

Fears over global economic outlook hit Japanese and Korean stocks, with exporters including Samsung and Sony among loss leaders in the region

Weak Dollar Slammed USD/JPY Under 80 Again

admin — Fri, 18 May 2012 09:46:50 +0000

On Thursday Dollar/Yen decreased significantly with almost 130 pips. The currency couple depreciated from 80.40 to 79.12 yesterday, matching the negative money flow sentiment at around -18%, closing the day at 79.25. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now.

Forex Technical Analysis

admin — Fri, 18 May 2012 09:28:03 +0000

Today's low at 1.2641 is practically a test of 1.2624 support area on the senior frames and there is a chance for a reversal, which should provoke a larger consolidation rebound towards 1.2815 and 1.2910. The intraday outlook is slightly positive above 1.2670 support and a break above 1.2735 will clear the way for 1.2815.

Global equities extend losing streak

admin — Fri, 18 May 2012 09:16:06 +0000

Growth assets shunned as investors fret about the future of the eurozone and the global economy, sending yields on German Bunds to record lows

Morning Forex Technical

admin — Fri, 18 May 2012 08:22:26 +0000

'The market's very concerned about contagion and Spain probably being the biggest focus of attention after Greece. If the euro breaks $1.26, there's probably not a lot of stops going to the lows that we saw in 2010' - Rochford Capital (based on Bloomberg)

GBP/USD Crumbles Bellow 1.575, Next Target 1.57

admin — Fri, 18 May 2012 08:01:00 +0000

On Thursday Pound/Dollar continued decreasing significantly with 155 pips. The Cable depreciated from 1.5934 to 1.5779 yesterday, in line with the negative money flow sentiment at under -23%, closing the day at 1.5793. Today the British Pound weakened further, descending down to 1.5731, than commenced correcting.

Today’s Market Outlook

admin — Fri, 18 May 2012 07:47:00 +0000

Short-term downtrend off 1.3282, 01 May peak, remains unobstructed, with few minor consolidations and acceleration of losses after break below 1.3000 range floor. Series of negative news form the Eurozone keep the pair under pressure and are the main driver. Break below psychological supports at 1.2800 and 1.2700, as well

Daily Technical Analysis

admin — Fri, 18 May 2012 07:28:00 +0000

The EURUSD was still able to maintain its bearish bias yesterday and hit 1.2654 earlier today. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.2625 – 1.2586 region as a part of the bearish scenario after broke below the descending triangle and