finance, economy and forex trader for free

We have fiddled around in recent days with key inflection points in risk, including the 200-day moving average in the US S&P500 and the Ichimoku cloud level in USDJPY, not to mention the 200-day moving average in risk trades like USDCAD, but today seemed to offer a rather definitive statement on the fate of the risk on, risk off trade for now, as the strong risk sell-off took control into the finish today. EURUSD fell below 1.2000 and Dow 10,000 also gave way on the day. All risk indicators pointed south. This looks like a very emotional environment, and leverage should be adjusted accordingly.

by: saxobank

The dollar and yen rose while stocks fell on Friday. Goldman Sachs Group Inc. was sued by SEC for fraud tied to packaging and selling collateralized debt obligations. President Hu Jintao reiterated that China is moving forward with a gradual “managed” floating exchange-rate plan. US economic data were mixed; March housing starts and building permits were better than anticipated while April consumer sentiment was weaker than expected. The S&P 500 index fell 19.54 to 1,192.13. The euro was pressured by ongoing worries about debt-laden Greece. Sterling depreciated on increased risk of a hung parliament after UK's third party, the Liberal Democrats, gained in opinion polls making it less likely that any party could win a majority. The Australian and Canadian dollars fell as commodity prices dropped and risk aversion rose.

The USD/JPY fell as investors sold risky assets. Japan's ruling party said monetary easing and currency invention are needed to combat deflation. However, the comment did not seem to affect the pair. Since failing to break the 94-area resistance, the USD/JPY has been consolidating gains. Still, the long-term technical outlook is bullish. The long-term downtrend was broken and the pair will likely resume its rally. Resistances are in the 94.50 and 96.50 areas and supports in the 91.50 and 90.00 areas


Hans Nilsson
Capital Market Services, L.L.C.
www.cmsfx.com

Previously Signal
Sell Eur/Usd @ 1.3417
Target : 1.3273
Stop Loss : 1.3600

on 30 March 2010, 5 PM GMT

Update Signal:
Change Target Close @ 1.3342 on 8 April 2010, 6 PM GMT
Result, Profit 75 pips

I close the trade because now the market doesn't have clear direction. I still view Bearish, but until i get clear direction i prefer stay away from market. I think Eur/Usd can reach 1.30 major psychology support level.

The foreign exchange markets are completely around Forex trading systems. Whenever you're interesting in building your investments and finding out more about how you'll be able to make income in the foreign markets, Forex is what you ought be looking for understand and learn more about. Even as there are all cases of investment schemes in your own state, in products and companies that are sold near where you live and work, you can also get involved in the companies and products that are sold abroad. Foreign exchange markets are some of the hottest markets that you can find to make money in your investing portfolio.

The exchange rate of country to country can be just one interfere where you're going to make money. Since the dollar, changed to another currency can equal more opportunities to purchase another stocks. The companies you're going to be investing in will be placed in that other currency so you will need to convert your money into that other currency before investing.

You can invest in Forex trades on your own or by a broker firm. If you are going to invest your money on your own, it's advised that you learn about the company, about the other methods of trade, and you learn many about the currencies where you are going to invest your money. There are over one trillion bucks in trades made per day in the Forex markets. If you are careful and study where you are going to put your money, you can earn a lot by creating the right choices. It takes at the least two months worth of trading on the US market to compeer the trades that are going on in the Forex markets. Foreign companies are open to investors, and will give great payoffs to those who ‘act’ their preparation.

You will need to learn and study the charts of the companies you are going to consider investing with. Charting and following the growth and the downfalls of companies can be seen if you take your time before jumping in and investing. This is one thing that a Forex trading system is going to open you to. Forex trading systems are methods that are already proven for watching and detailing companies as they change and grow. Without some type of Forex trading system to follow you might in the dark to find that company that's just right for your motives while investing.

Forex trading systems are going so real popular since there are so many additional techniques that can be wont to get into the markets that are not available through the New York Stock exchange. If you would like to reach a Forex trader you could be reaching on that works on from their home, or in an office that is around the world. Following a particular Forex trading system is something you will become more comfortable with as you learn more about the individual marketplaces, the companies, and about the value of foreign currencies. Give your mind to create money using the techniques you can learn, and complete on your own time.

my signal previously until now had bad results. it's almost hit my stop @1.3600

but if we see tomorrow about NFP payroll, i expected about good NFP news for Usd, it still can touch my target @1.3273

Short-term day trading, much called scalping, has turn a more and more pop form by trading. Seizing fast pips on one-minute graphs and closing the computer to enjoy the rest by the day is a dreaming for numerous traders. Deflecting the likely event risk of holding positions overnight is also a powerful motivator. However, short-term scalping is one of the most difficult forms of trading to master as rapid wins are usually met with equally rapid losings. The trouble is solving how to go about it.

If you are full time trader, you can trade with this scalping methods, but if you are just part time trader, beware if you want to be a scalper.

Have a nice day folks, and prepare for NFP tomorrow.

Sell Eur/Usd @ 1.3417
Target : 1.3273
Stop Loss : 1.3600