USD Weaker in New York But Yen Crosses Lower

It has been an interesting morning of trade in New York with the market extremely volatile following the economic releases but unsure as to the direction it wants to take. While equities are slightly firmer, currency carry trades have come off to reflect a notable divergence. Meanwhile, the USD has been offered with the Swisse leading the way against the greenback, followed by the Kiwi, Euro and Aussie. Although the headline reading for US GDP was better than expected, some downward revisions to the previous month, along with a much weaker personal consumption component left some traders with an unsettling feeling. Meanwhile, in Canada, headline GDP was weaker than forecast, with a downward revision also seen to the previous month. The only bright spot on the day came from Chicago PMI which managed to slightly better expectation. The IMF was back on the wires with a sluggish recovery call for the US economy despite some improved financial conditions. The IMF also stated that the USD was moderately overvalued. This follows a report from the same organization earlier in the week which also said the Euro was overvalued.

A Winning Forex Trading Philosophy

I'm starting to believe that being successful trading Forex has more to do with your philosophy than anything else.

You cannot trade based on how much money you want to make. You cannot trade based on how much money you need to make. This means that you can't push money into the market, desperately searching for opportunity, risking a large portion of your net asset value in the process.

You must trade lightly.

When you trade lightly, you simply let the market give you the returns that it is willing to relinquish to you. Quite simply, it is not a process of taking.

If you can change your mindset it will give you a lot of peace compared to the level of stress that many generate. Dip your toes into the market, following your strategy, with a level of investment that simply cannot begin to raise your blood pressure.

A little bit of market wisdom, developed with experience, combined with an appropriate philosophy will generate profits. I know that this is difficult to consider or even believe in today's rational calculating world, but the only way to win is to not fight the market. It is way too big for you.

Stop trying to generate winning positions and simply let the market give them to you.

Gold & US Dollar Tactics

1. The competition. You are long the Euro against USD. You are buying the Euro every 1 point down and selling every 3 up, with your trading position. Picture this situation: the euro rises 2 points from your buy, but then it looks bad. You get a sense of great discomfort, after reading a rumour that Goldman Sachs has apparently gone short the Euro, just as you’ve gone long! You think, “should I book profit now and outsmart my pre-set profit taking points?”
   
   
2. Now let’s look at “you” again. In the same situation. Only this time you are also short the euro in another account. Now the mental stress is off. You can wait for either the long or short position to hit it’s profit taking mark.
   
   
3. I already know your next question. It is: “OK, stewart, but how do I make money with this? What I’m making on one position, I’m losing on the other!”
   
   
4. Not so fast Sherlock….Yes, you are long and short at the same time, and at the same price entry points. But not in the same trade size.
   
   
5. This is exactly how the bankers operate. If gold is around 940, you can begin a buy and short program, both at 940, but the dollar value of the long positions must be greater than the short dollar value of the corresponding positions. I go into more detail on the ratios below.
   
   
6. Technical indicators can be of great assistance to you in setting up your buy/sell programs. Focus on general indications more than precise “buy” or “sell” points. Focus on a general 70% long exposure to any major mkt you target, so your buys are generally bigger than your sells. The overall long position must remain bigger than the short position 100% of the time, in all gold bull mkts.
   
   
7. I want to look at a couple of scenarios to build your positions. But rather than focusing on the euro, I want to focus on gold and the US dollar. With an eye to building a 70% long gold and 30% long US dollar. Here’s the weekly chart of the USD. It’s very oversold, so it could be an interesting time to look at working on USD with a professional pyramid buy program.



8. Just as I layer or “ladder” into positions in a technical pyramid formation, I use technical indicators the same way. Above you can see the 3 series of RSI all oversold, with the 4 series showing a possible upturn. The stochastics series are deeply oversold.
   
   
9. Here’s a second look at the chart, with the longer term MACD and TRIX indicators. Take a close look at the 4,8,9 series and the 7,14,9 series for MACD. They have already moved to buy signals. So has the 5,9 Trix. Notice how close price is to the green Keltner demand line. The keltner lines are like green river banks on the “price river”.



10. The key here is this, and this takes a touch of thought:
    
    
11. A USD buy signal is not a Gold sell signal. You sell gold ONLY to take profit on it, and do so into strength at a higher price than you paid. Not at a loss because the USD gives a buy signal. A USD buy signal is what it is: A signal to buy the USD and nothing else.
    
    
12. You could go for 70% long gold and 30% short gold, but that is far riskier than 70% gold, 30% USD. Remember, the 70% refers to a 70% maximum risk capital allocation to long gold positions, of a 100% “risk pot”.
    
    
13. I allocated aprox 1/3 of my gold risk capital to an inner gold core position, or about 30%. Any gold short positions I enter should never put me net short gold in a bull mkt. Not even close.
    
    
14. In practice, I rarely exceed 1/3 of my actual metals positions with shorts AND USD long positions combined, and if I do, it’s maybe by a couple of percentage points. I’m interested in making a real profit from the rises and falls in gold, but not in attempting to make all the theoretical money that can be made from a mkt swing.
    
    
15. Here’s the gold weekly chart, via IAU-n, the comex gold bullion ETF:

Central Bank dollar holdings - good for gold, bad for dollar?

The latest figures from the US Department of the Treasury show not only how the US liabilities to other central banks have rocketed by 31% over the eleven months to May, but also that the balance of the maturities of these liabilities is shifting towards the short end as major counterparties increase their flexibility and de facto demonstrate their increasing levels of concern about over-exposure to the dollar. The primary reason for the shift has been a massive absolute increase in short-dated instruments and a much smaller change in the longer-dated instruments, suggesting that a good part of the shift has been as a result of the QE exercises.

This is, in principle, good for gold, not because it implies an outright reweighting towards gold in major nations' foreign exchange holdings, as that would be wholly unfeasible and market-disruptive, but because a potential erosion in global dollar confidence and a reluctance to retain dollar exposure almost always leads to increased willingness to invest in gold as a hedge not just against the dollar, but more partially as a hedge against risk and uncertainty.

In June 2008, the US' total foreign liabilities to the official sector amounted to $1.7 trillion, with Japan the largest holder at 36% of total and China holding 36%. Among individual nations (i.e. stripping out both oil-exporting bloc and Caribbean banking centres with 13% between them) the next largest three were Brazil (6%), Luxembourg (4%) and Russia (4%). Since then the picture has changed. China overtook Japan as the world's largest holder in September 2008 with a huge leap from $574 Bn to $618 Bn and by May 2009 Chinese holdings in these instruments were $802 Bn, with Japan holding $677 Bn and the UK, which shot into third position with $164 Bn. In fact the UK's holdings tripled over the period.

The current pecking order, then, is China with 35% of total, followed by Japan (30%), the UK (7%), Brazil (5%) and Russia (5%) with the five between them accounting for 83% of total.

In June 2008 China's short-dated US holdings amounted to $15.2 billion, or just t3% of total. By end-May they had shot up to $210 Bn, or 26% of total, which is also the proportion held by the world as a whole. Russia is maintaining the most flexibility with 49% of its exposure in short-dated instruments ($61 Bn) and Brazil's short-dated balance is now 8% against 1% in June 2008. Japan and the UK have maintained broadly unchanged structures over the period and have continued to increase their longer-dated holdings. China, Russia and Brazil have been more reluctant to add to their longer-dated instruments.

So what does this signify? It is well-documented that Chinese politicians and bankers have been regularly expressing concern over dollar-heavy exposure and have recently been espousing an increased role for the SDR in the international system; it would seem that they are putting their gearing up for - or are already implementing - shifts in the balance of their international assets, although as always with central bankers the moves are likely to be gradual.

The trigger may be in 2011 when the voting powers of the IMF members are up for adjustment and there is a widespread push for the new voting tariffs more accurately to reflect international economic power. This may well also be the time when, if it comes about, the structure of the SDR is changed.

Although as noted above none of this necessarily signifies a major tonnage shift towards gold, it may herald a fresh shift in sentiment with respect to the implications for the dollar's role in the system. This is almost bound to lead to gold sustaining a yet higher profile, if only in the debate about reserve currencies and their relative merits.

Meanwhile the IMF is discussing the likely mechanics of the sale of those much-discussed 403.3 tonnes of gold that it is proposing to sell to aid the international funding process. The vote is likely to be taken in September, but with the new Central Bank Gold Agreement also under negotiation and due for implementation on 27th September this year, the logistics are likely to be decided before then. It is not yet known whether the IMF will become a signatory to the next CBGA or whether it will take up an existing allocation from other signatories with no large-scale sales intentions, but it has been made abundantly clear that any such sale fron the Fund is expected to be under the auspices of a CBGA.

And it is perfectly possible that it may all yet go out in an off-market transaction to another central bank or banks.

Japan to cap forex margin

TOKYO (Agencies): Japan’s foreign exchange margin traders will have their leverage capped at 25 times collateral two years from now, the government said on Friday, a move that could curb retail investors’ zest for currency speculation. The Financial Services Agency said leverage would be capped at 50 times starting in August 2010, and at 25 times starting a year after that, in line with a proposal it unveiled in late May. That would be a big cut for some brokers who offer leverage of 400 times or more, and for margin brokers in general. Foreign exchange margin trading, which allows investors to make large bets with relatively small amounts of money, has boomed in the past few years as Japanese households, dissatisfied with puny interest rates at home, looked abroad for higher yields. In a sign of their growing clout, a Bank of Japan report said last year that foreign exchange margin trading in Japan may account for 10 percent of all yen spot trades conducted globally each day

US Dollar Teetering on the Edge of the Abyss after a Better GDP Release?

It was an extremely dangerous way to end the week. The US dollar has held very close to general support for some time now; but the ante was upped when steady selling pressure pushed the single currency to its lowest close on a trade-weighted basis since September 30th. We can see the same level of intensity among the individual majors. EURUSD is just below its June highs of 1.4340 while GBPUSD managed to close at a nine-month high well above range resistance at 1.6600. Despite this tremendous pressure and the relative records, this is not a definitive bearish break for the greenback. When liquidity returns early Monday morning in the Asian session, speculators will immediately go back to work on trying to jump start the next major trend. For those that have dollar exposure or are waiting for the dollar to make its move, it will be an open not to be missed.

How did we come to this point? When did the dollar’s feeble attempts to rebound from its lows give way? The currency fell 1.2 percent through Friday’s session - the largest decline and absolute move since June 23rd - following the release of what at first glance seemed to be a better-than-expected outcome for the advance reading of second quarter growth. The Bloomberg consensus was projecting a tempered 1.5 percent pace of annualized contraction following what was initially a multi-decade, 5.5 percent plunge. Given this benchmark, the 1.0 percent decline that crossed the wires seemed to be a big step closer to realizing expectations for the inevitable return of positive growth. However, just below the surface, the cracks were clearly visible. The peak of the recession marked by the previous quarter was distended to a 6.4 percent malaise that matched the worst the world’s largest economy had seen since 1980. What is far more disconcerting (but not yet fully appreciated) is that the foundation for this recovery is unstable. Of all the major categories of economic activity, only government spending was rising. Personal consumption dropped 1.2 percent, exports 7 percent and private investment 20.4 percent. Fiscal stimulus is already reaching its limits and the cries to reign in aid and work down the deficit are growing louder. Without consumer spending (which accounts for approximately 70 percent of activity), the economy will not easily be able to recover on its own power. Expect to see the terms ‘L’ and ‘W’-shaped recession used more often.

The long-term outlook is highly uncertain and certainly bearish; but come next week, market participants may not immediately be concerned with underlying trends. With the dollar backed up to a technical wall, speculators will look to either force a break or offer a modest relief rebound first thing. The longer the currency holds to its technical floor, the more violent the eventual market shift could ultimately be. There is plenty of event risk on the docket; but its influence on the critical decision of breakout or reversal is likely low. ISM manufacturing and service sector surveys, consumer credit, personal spending and income are all notable indicators; but the NFPs once again holds the greatest clout. There are many indicators that hint at stabilization and eventual recovery; but none are as truly influential and accurate as the monthly payrolls report.

US & Canada

The US Q2 2009 GDP declined at a less-than-expected 1.0% q/q annualized rate after a downwardly revised 6.4% q/q contraction in Q1, according to advance Q2 GDP data released by the Commerce Department. The Q2 GDP shrank 3.9% y/y, the largest drop for any year in the post-WWII era. The largest negative drags on the Q2 GDP were business investment, personal consumption, home building, and inventories. The Q2 personal consumption declined at a more-than-expected 1.2% q/q annualized pace after Q1's 0.6% q/q increase. The strongest components of the Q2 GDP were international trade, which added 1.4 percentage points to the GDP growth rate, and government spending, which added 1.1 points. The GDP price index was up at a 0.2% q/q annualized rate in Q2, up 1.5% y/y.

US employment costs rose a slightly more-than-expected 0.4% q/q in Q2 2009 after a record-low 0.3% q/q increase in Q1, according to a Labor Department report.

The Chicago business barometer increased to 43.4 in July, slightly more than our forecast and the highest reading since September 2008, from 39.9 in June, indicating the rate of contraction in business activity slowed this month, according to the Chicago Report by Kingsbury International, Ltd. and the Institute for Supply Management – Chicago, Inc. The production index increased to 43.3 in July from 39.3 in June; the new orders index rose to 48.0 from June's 41.6; the employment rate of decline slowed; the inventories index was at 25.4, the lowest reading since mid-1949; and the price paid and order backlog indexes declined, according to the Chicago report.

Canada's GDP fell a more-than-expected 0.5% m/m in May, a tenth consecutive month-on-month contraction, after a downwardly revised 0.2% m/m decline in April, data from Statistics Canada showed. The GDP dropped 3.5% y/y in May, the largest contraction since October 1982.

Dollar retreats as shares rally

TOKYO (Agencies): The dollar retreated in Asian trade Friday as a rally in global shares and metal prices encouraged investors to snap up riskier currencies that are closely tied to volatile commodities markets. The dollar slipped to 95.43 yen in Tokyo morning trade from 95.51 in New York late Thursday. The euro firmed to 1.4084 dollars from 1.4063 and to 134.40 yen from 134.33. Global stock market gains and a jump in industrial metals prices drove up the currencies of countries whose economies rely heavily on exports of commodities, such as the Canadian, Australian and New Zealand dollars. The bounce in markets "reflected growing confidence in an economic recovery," NAB Capital strategist John Kyriakopoulos wrote in a note. "Improved investor risk appetite weighed on the 'safe haven' US dollar and yen," he added. Risk aversion eased after Wall Street powered higher on upbeat corporate earnings results and a broker upgrade of General Electric, propelling the main indexes to fresh 2009 highs. Barclays Capital analysts said that risk sentiment would remain the dominant driver of the commodity currencies, but upcoming Chinese and US factory data and American jobs numbers risk taking the steam out of the market. Investors were looking ahead to US second-quarter gross domestic product (GDP) figures due later Friday. New claims for unemployment benefits in the United States rose in the past week to 584,000, according to a weekly government update that nonetheless showed some signs of improvement in a weak labour market.

New Zealand Sees Positive Results In Forex Market

In terms of day-to-day trading, the average turnover on New Zealand's forex market has expanded to thirteen billion dollars from 7.5 billion dollars in 2004 and 4.2 billion dollars in 2001. This information was provided by the Bank of International Settlements as they gave their most recent triennial survey.
Grant Spencer, the Deputy Governor of the Reserve Bank mentioned that roughly fifteen percent of the rise was a result of the increasing value of the New Zealand dollar. Another contributing factor was the rise in transaction volume.
The triennial survey was taken for fifty four central banks and monetary authorities across the globe and it was taken during April of this year. It also displayed the progress of New Zealand's 4 largest banks. The seventy five percent gain in New Zealand market turnover overshadowed the seventy one percent rate of gain in worldwide turnover during the time span, but the local market continues to be a small part of the total 3.2 trillion dollar daily turnover on a global scale.

Forex Trading System Benefits

A Forex Trading system takes some time and effort on the trader’s part. Of course it’s an ongoing process of refining a profitable strategy. Most all of the Forex trading experts will tell you that their systems were developed during years and years of practice. It seems pretty likely that what they’re sharing is probably a part of what has worked for them in the past

Forex Arbitrage Calculator

Forex Arbitrage Calculator allows to determine risk free arbitrage opportunities on Forex cross ra

Forex Exchange Rate - How Does It Get Calculated?

In the Forex market the value of two separate currencies and how they relate to one another is what is known as the Forex exchange rate. Usually the Forex rate is how much of one currency is needed to buy a unit of another. Just to give you an example of how the Foreign exchange rate can work and to help you better understands it we can compare the United States dollar with the Japanese yen. This ratio in the exchange rate is also known as pairing. A few other terms used in the Forex exchange are pips or basis points, which are actually two terms used for the same thing. In using the Forex exchange rate you are required to use two currencies and this means they are quoted as ‘two tier’ rates. Also in the Forex market its price basis is called a bid/ask. One last thing concerning the Forex exchange rate is that it is independently determined. With the benefits and knowledge of how the Forex exchange works you can decide if entering the Forex market is the right move for you.

Foreign Exchange Facilitation

We will help you with best price for currency in India for buying/selling forex,travellers cheques strictly as per RBI rules through authorised money changers..Exchange rate list ensures the latest and most profitable currency rates and forex rates in

Posted by ALI at 8:25 AM

Forex RESISTANCE Reports

Orders
do not forget to Cancel all inactive orders before 15 GMT

Results

Resistances And Supports june 30 , 2006

Market News And Reports

25/11/2009 01:08 Japan Fujii: Fiscal, Monetary Policy Needed To Combat Deflation Japan Fujii: Fiscal, Monetary Policy Needed To Combat Deflation >> Dow Jones Newswires 24/11/2009 23:41 Argentina President: '09 Tax Revenue Down ARS34 Billion From Expectations Argentina President: '09 Tax Revenue Down ARS34 Billion From Expectations >> Dow Jones Newswires 24/11/2009 23:32 CURRENCIES: Dollar Claws Higher After Fed Caps Data-rich Day CURRENCIES: Dollar Claws Higher After Fed Caps Data-rich Day >> Dow Jones Newswires 24/11/2009 22:24 Colombia Construction Permit Area Down 33% In Sept On Year Colombia Construction Permit Area Down 33% In Sept On Year >> Dow Jones Newswires 24/11/2009 22:13 MARKET SNAPSHOT: U.S. Stocks End Slightly Lower After Fed Minutes MARKET SNAPSHOT: U.S. Stocks End Slightly Lower After Fed Minutes >> Dow Jones Newswires 24/11/2009 21:48 2nd UPDATE: FDIC Deposit Insurance Fund Slips Into Red 2nd UPDATE: FDIC Deposit Insurance Fund Slips Into Red >> Dow Jones Newswires 25/11/2009 09:34 Asia shares gain but Nikkei hits 4-month low (Reuters) Asian stocks climbed on Wednesday after the Federal Reserve raised U.S. growth forecasts for 2010 but Japanese shares fell to >> Yahoo US markets 25/11/2009 09:34 Ahead of the Bell: Asbury Automotive (AP) An analyst upgraded shares of Asbury Automotive Group Inc. saying that the dealership group is addressing its higher-than-industry operating costs. >> Yahoo US markets 25/11/2009 09:34 Asia shares gain, gold hits record high (Reuters) Asian stocks rose on Wednesday after the Federal Reserve raised U.S. growth forecasts for 2010, while gold struck a record >> Yahoo Finance 25/11/2009 09:34 Business Highlights (AP) The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That's the picture that emerged >> Yahoo US markets

When to Trade?

The question quite often comes up about when are the best times to trade? Everyone has their own ideas on what they think is the best time to trade, and quite often it depends on what type of system you are using. If you run a system that looks for trends, the best time for you would be different for a system looking for breakouts.

Rather than get into all that however (again just google "best forex trading times" for plenty of info on that) let's look at the best times to trade based on your experience instead.

A beginner, I would think, would be someone new to the forex markets, someone who has yet to fully develop their trading system, or, if they have, find it hard to maintain the discipline to stick to it no matter what. Some things that might identify a beginner trade could be:
Unaware of stop losses
Unsure of trend identification
Looking at one timeframe only (probably the 5M or 15M)
Quick to jump into a trade, slow to get out
Hazy on when to exit a profitable trade
Please don't think I am talking down to anyone, as some of the above applies to us all at times but these are things that I see encapsulate beginnner traders.

With those points in mind, the safest trading time would be one where:
The chances of big losses are low
You have time to think you trades through
There are some defineable trends to help you out in getting on the right side of the trade
Sharp, quick movements in the opposite direction to your trade aren't common
The markets can move so quickly, and any trade placed without a stop loss, is open to a sharp reversal and a big loss. Head out for a cup of tea, come back and your +10 could now be -50 by the time the kettle has boiled.

So when is the best time to trade based on the above? Well lets look it another way, what are the times where the above points are not met. My opinion? The opening of the different markets! There are three major markets to look out for, the Asian market, the European market and the US market. The opening and closing of these markets are often the most volatile, with sharp movements up and down with no apparent order quite often seen and many a beginner trader crying foul over a sharp reversal on their trade they have just been watching for the last hour.

Look at the above chart, this is a 15M chart from late last week of the EUR/USD. I have highlighted two areas, which is the opening of the European and US markets. Notice, how just before the opening of the price was slowly trending in one direction, but then, as the respective markets opened a sharp reversal sprung up in the opposite direction, taking with it many peoples profits I am sure, and spoiling many a traders tea. You find this espectially on the opening of Europe.

The best times for quiet, trending activity tends to be in the middle third of the trading sessions, the middle of the Asian session is a less volatile time, but can be too quiet for some. Approaching the opening of the European sessions, activity tends to pick up, but remember, be careful come opening time. I prefer the mid European session, but rarely get to trade it due to the time differences here in Australia, the mid US session can also be good but usually I am so buggered by that time, my decision making is shocking.

So pick what you prefer, if you are in it for a fast buck and don't care about making it a possible career, then opening and closing times can be right up your ally, but if you want to test out a system you are developing, look at the mid session times that suit you. Remember though news releases and data can effect everything, so always keep an eye out on the news anytime you trade.

Remember, this is not necessarily the most profitable time to trade in terms of pip movement, but while you are picking things up, minimising the chance of your account being wiped out is always a good idea.

I hope this helps someone, you can get the current times in the different areas by using this great little forex clock here. For my fellow countryfolk in Australia, below are the opening and closing times in AEST (thanks to aaron on Marketiva for these):

[AUS open 8:00am close 4:00pm]
[JYP open 10:00am close 6:00pm]
[EUR open 4:00pm close 12:00am]
[GBP open 5:00pm close 1:00am]
[USD open 10:00pm close 6:00am]

Ill leave it with a quote I read somewhere:

"Ametuers open the markets, professionals close them"

How do Forexx quotes work?

Reading a FOREX quote may seem a bit confusing at first. However, it's really quite simple if you remember two things: 1) The first currency listed first is the base currency and 2) the value of the base currency is always 1.

The US dollar is the centerpiece of the FOREX market and is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair. For example, a quote of USD/JPY 110.01 means that one U.S. dollar is equal to 110.01 Japanese yen.

When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/JPY quote we previously mentioned increases to 113.01, the dollar is stronger because it will now buy more yen than before.

The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). In these cases, you might see a quote such as GBP/USD 1.7366, meaning that one British pound equals 1.7366 U.S. dollars.

In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one pound, euro or Australian dollar.

In other words, if a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening.

Currency pairs that do not involve the U.S. dollar are called cross currencies, but the premise is the same. For example, a quote of EUR/JPY 127.95 signifies that one Euro is equal to 127.95 Japanese yen.

When trading FOREX you will often see a two-sided quote, consisting of a 'bid' and 'offer'. The 'bid' is the price at which you can sell the base currency (at the same time buying the counter currency). The 'ask' is the price at which you can buy the base currency (at the same time selling the counter currency).

Why Forex Trading

If you want to know why the Forex trading market is superiors to other investor options such as Equities or the futures market, then you can rest assure that you'll find the answer in this page.
The best way to clarify the advantages of the Forex market is through a real example. In 1929, the stock market collapsed, causing many people and businesses from around the world to go broke. This also happened when the high tech bubble burst. The fear of a market crash is a concern that constantly dwells in the minds of investors, both professional and beginner ones.
In the online Forex trading market, There is no way for the market to crash. If you have read about what is the Forex trading market, then you know that when you buy a certain currency, you are at the same time selling another currency. When some currencies' price false, others' price rise.
So this is the most important advantage of Forex day trading. Unlike other markets, where in some cases all traders lose money, with Forex trading there are always traders that make a profit, at any given time

The November index PMI for services eurozone has exceeded projections

Business activity in the services eurozone rose in November in relation to the previous month. According to preliminary data, the PMI services sector (Services PMI) rose to 53.2 points during the period when the forecast 52,7 points. Recall that in October the figure was 52.6 points.
Note that the PMI index accurately reflects the economic conditions in the services sector, the overall economic situation and development prospects. The value of the above 50 points indicates growth in business activity, below - to decline.

UniCredit advises buying euro / dollar just above 1.50

As the currency analysts UniCredit, yesterday, the euro / dollar made another unsuccessful attempt to overcome the 1.50 mark. Thus, the bank believes that a couple should buy only after this level will be struck. According to the Bank's strategy in the event of a breakthrough 1.50, euro / dollar may rise to the level of 1.52 and above. Currently, the euro / dollar traded at 1.4974.

U.S. GDP grew by 2.8% in third quarter

The growth of consumer spending, U.S. GDP grew in the third quarter of this year to 2.8% after falling 0.7% in the previous quarter.
Note that today was published an improved value of change in GDP, which was revised downward. Initial reports on the growth of the U.S. economy on 3,5%. Change the value of the indicator associated with the revision of data on consumer spending, business investment in commercial real estate, as well as the volume of exports and imports.
Compared with the same period last year, U.S. GDP fell by 2,5%.

The volume of euro-zone industrial orders increased significantly in September

Index of industrial orders in the area of the single European currency rose by 1.5% in September in monthly terms, said the EU statistical agency Eurostat. The value index surpassed expectations of analysts, forecast growth in orders for 0,7%. In August, the volume of industrial orders rose by 0,6%.
On an annual basis, industrial orders in the euro area declined by 16,5% in September, compared with -23.1% in the previous month. Analysts expected an annual index of orders at the level of -17.3%.

Internal Bar Strength (IBS) MT4 Indicator

Calculation:

It is calculated as the moving average of the values of the internal bars strength that represent the ratio (Close-Low)/(High-Low) * 100% for each of them.

How to use:

The period that is equal to five bars is usually used. The crossing of 60% level means the overbuying and the crossing of 40% level means overselling, and so they are the signals for selling and buying respectively

VKW Bands - IBS MT4 Indicator

Indicator WKBIBS - yavlyaetsya oscillator new generation with combined functions 2 indicators WKB and IBS.

Even an for a beginner in forex but for pros will further addition to the trading system. WKBIBS Gives the earliest signals compared to the standard stochastic oscillator type and differs from all switches indicators does not issue false signals and not redrawn. Analog indicator type Trend_Signal_2008 not worth buying on a frozen schedule all beautiful, but in Realtime shading they delayed issuing a signal when it is in fact ceased to be relevant, and the deal will not is advisable. In such WKBIBS no, it really is not much harder than visually turnouts but gives earlier and right signals.

How to Use:

When the red line peresekat top of the blue from top to bottom then SELL, conversely, if the red crosses the lower blue from the bottom up, then BUY - all very simple, but important, as you can see the picture very clear signal has a price on the chart are relevant to the transaction in the right direction, differs from the switch indicators when it would be too late to open the transaction.

The rest, including the possible ispolzovenie filter trend and the preferred direction of transactions, you may find yourself.

Works with an indicator of IBS.

FerruFx Multi info__v1.1 MT4 Indicator

Multi-format display showing the direction of MA20, MA50, MA100, CCI, MACD, ADX, BULLS, BEARS 7 time frames. Also displays information about the recommended stop-loss, the recommended size of the lot, as your profit, or subsidence of the current position in pips and the percentage of the deposit.