Forex Daily Review: Mind the Bearish Gap in EUR/USD

28 Sep 2012• Matti Williamson, FX and commodities analyst      Spain Budget For 2013 SummaryThe market is in love with Spain's budget for 2013. New fiscal group will now monitor Spain's budget, ministerial spending will be lowered by 8.9% (approx) and spending will be reduced by EUR 40 billion. Tax revenues are expected to rise by 3.8% to...

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Forex Daily Review: EUR/USD Trend in the Fundamental Chaos

My target for AUD/USD was missed by the market but nevertheless a decent decline was noted. Unconfirmed speculations that the Chinese Securities Regulatory Commission (CSRC) will hold a press conference at 08:00am GMT with 'positive news.' This prevents the risk-aversion mode to completely engulf AUD pairs and crosses so weakness could resume after 08:00am GMT. If China doe surprise...

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Forex Daily Review: Europe is in Trouble, Copper Continues to Weaken

24 Sep 2012• Matti Williamson, FX and commodities analyst      Greece's Financial MessEUR/USD is heavily sold into Europe as the market digests weekend reports on Greece and Spain. Greece stated it is short of View the Original article summary("7012184680937169245")...

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Forex Daily Review: AUD/USD Bears are Ready to Chew the Bulls’ Stops

25 Sep 2012• Matti Williamson, FX and commodities analyst      S&P Downgrades Growth ForecastsThe slowdown in China was finally noticed by Standard & Poor's (S&P) credit rating agency:"We have lowered our base case forecasts of 2012 real GDP growth by about half a percentage point for China to 7.5%; Japan to 2.0%; Korea to 2.5%; Singapore to 2.1%;...

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Forex Daily Review: China Initiated the Bearish Outlook for Gold, Crude Oil and AUD

My focus on AUD/USD is paying off. As expected, HSBC China Manufacturing PMI remained below 50.0, which indicates the economy is still contracting. A slowdown in China means it may purchase less goods from Australia, denting the AAA Australian sovereign rating. The Australian dollar (AUD) is expected to weaken against a basket of currencies on the fears that the...

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Forex Daily Review: ESM Cheers won’t Help Copper

21 Sep 2012• Matti Williamson, FX and commodities analyst      ESM AnnouncementThe European Stability Mechanism (ESM) may finally be signed next Wednesday in Brussels, boosting the market bulls as the DAX 35 Index opened higher at 7420. The hawkish news may drive markets higher in today's session, reflecting in temporary gains in EUR/USD. The gains are unlikely to...

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Forex Daily Review: The Fed QE3 will Initiate the Currency Wars

14 Sep 2012• Matti Williamson, FX and commodities analyst      The QE3 DetailsBen Bernanke unleashed the bullish devil and announced a third round of Quantitative Easing, known as QE3. The Fed will continue to purchase Treasuries under the maturity extension program (Operation Twist) and will begin buying $40 billion of agency mortgage-backed securities (MBS). The total value of...

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Forex Daily Review: The Netherlands 2012 Elections Effects on EUR/USD 1.2900

13 Sep 2012• Matti Williamson, FX and commodities analyst      Following the 2012 Dutch elections, exit polls suggest that Mark Rutte's party (Party for Freedom and Democracy) is in the lead with 41 seats out of the 140-seats in Parliament. The victory however is limited as the left Labour Party, led by Diederik Samsom is expected to receive...

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Forex Daily Review: EUR/USD Broke 1.2800, What's Next?

Academy > Trading Basics > Seasoned Trader > Currency Insights > Special Insights for Traders > Trading Tips > Currency Pairs > Recommended Resources > 5 Insights View the Original article...

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Forex Daily Review: The Baltic Dry Index Signals the Slowdown

11 Sep 2012• Matti Williamson, FX and commodities analyst      Dutch 2012 Elections and ESMIn a relatively muted session, the major currencies failed to provide a clear trend ahead of the heavy fundamentals, starting on Wednesday with the Dutch 2012 elections and the German Constitutional Court ruling on the European Stability Mechanism (ESM) and the fiscal compact. Moody's...

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Forex Daily Review: German Court Ruling at 08:00am GMT, Watch EUR/USD

12 Sep 2012• Matti Williamson, FX and commodities analyst      To QE3 the Market? Ask Moody'sIn a relatively peaceful European session EUR/USD was refuelled through the US session. Although many traders believe the US dollar is weak due to the upcoming decision on the ESM by the German Constitutional Court or a possible QE3 by the Fed however,...

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Weekly Technical Analysis: Say Goodbye to $1,700 an Ounce

Gold has finally delivered the perfect price for a great reversal. To recap, gold broke out its supportive trendline that remained intact since 2008. In may 2012 the price broke below the trendline, signaling further weakness is in store. The market failed to retest the trendline, which now acts as a strong resistance. My patience paid off as gold...

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Forex Trader Forum - Where Forex Traders Talk About Forex

Savvy forex traders often pinpoint the opportunities in forex trading and persist to time the industry so they know precisely when the right time is to trade, or buy. The problem is many traders buy at the wrong time, although they have monitored, explored, and checked the quotes daily. In addition, these people tend to bank on the notion...

Forex Trader - Learning the Secrets Behind Forex Trading

Forex trader is a word you are going to here for a very long time when you enter the forex market. The forex market is by far the largest market in the world and over 2 trillion dollars are traded daily on this market! It is hard to imagine what 2 trillion dollars actually is. This 2 trillion dollars...

Forex Software - How to Achieve Consistency in the Forex Market

Choosing the best Forex software to purchase can be a daunting task; a vast assortment of different programs are available, many with similar features and track records. This article is meant to provide some guidelines to follow when choosing a Forex program to buy.The first and most obvious question is whether or not there is such a thing as...

Forex Signals - How to Instantly Trade Like You Have Decades of Forex Trading Experience

Seriously consider forex signals if you are not yet trading profitably, have limited experience, or just don't have much time to devote to your forex trading.From the simple one email a day variety to the forex mentor who sits with you all day holding your hand as you trade, a portfolio of forex trade alerts can be virtually free...

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Forex Secrets - Support and Resistance Levels in Forex Market

Support and resistance are the known cornerstones in Forex technical, wherein:1. a current Forex rate (CFR) is surrounded by levels of:a). resistance being superior to CFR;b). support being inferior to CFR.2. a level breakthrough triggers a leap to a consecutive support/resistance;3. a false breakthrough is responsible for a rate backstroke (say, from resistance to support).Thus, having data on resistance...

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Forex Secrets - Delusion Number 2 - Who Prompts Forex Quotation to Traders?

The delusion conceptually propounds that traders operate at a spontaneous FOREX market (as stipulated by B. Williams, A. Elder, E. Nayman, etc.). But it is not the case. Traders do their job inside a well-organized and controlled currency exchange market, governed by the Consortium of the world's largest banks.Hence, who is pushing the currencies up and down, who defines...

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Forex Secret Tips No 11 - Successful Forex Traders Do These

What separates successful Forex traders from the rest of the pack? Why is it that only a mere 5% really make it in Forex trading? How did these traders do it? While all successful Forex traders have their proven Forex trading strategies and systems to call and manage their trades, they know there is one more important thing to...