Best Forex Trading Signals

May 17, 2012 Forex Signals

Admin — Thu, 17 May 2012 23:59:04 +0000

May 14, 2012 Forex Signals

Admin — Tue, 15 May 2012 00:35:59 +0000

Whilst a hint of positive news flowed out of China yesterday when the Central Bank announced their third reduction in banks reserve requirements since November, efforts designed to eliminate the chance of a hard landing took a back seat to ongoing fears that Greece may be set to leave the Eurozone. Given Greece’s inability to form a coalition, global markets recorded heavy losses in overnight trade. Whilst industrial production figures released out of Europe also painted a bleak picture, traders are also eyeing the first meeting between new French President Francois Hollande and German Chancellor Angela Merkel on Wednesday. Given the turmoil unfolding in Greece, increasingly bond yields in Spain and Moody’s decision to downgrade the Credit Rating of 26 Italian banks it surprises few to report that the 17-Nation Euro fell overnight. After trading between a 24 hour range of (1.2820 -1.2903) against its US Counterpart we open this morning more than half a cent lower currently swapping hands at a rate of 1.2825. Given risk aversion is again likely to rear its ugly head the road ahead appears a bumpy one.

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May 9, 2012 Forex Signals

Admin — Thu, 10 May 2012 01:58:26 +0000

The euro has fallen to its lowest level since January 23 as ongoing uncertainty surrounding Greece’s next parliament dampens risk appetite. There are now talks that another election may need to take place early next month and the risk remains the resultant government will anti-austerity and potentially force the exit of Greece from the euro-zone. Also weighed by a slowing in the growth of German exports throughout March, the euro fell to levels below 1.2920 before paring some of its losses on reassurance from officials that Greece would still receive its next tranche of bailout funds. Trading this morning at 1.2930 markets will be watching the ECB bulletin tonight for any insight as to future interest rate movements from the central bank as well as to hear their view on the state of the economic recovery. A flock back to safer assets has also helped the Japanese Yen gain against all of its most traded counterparts, including the Greenback and the USD/JPY starts the day at 79.65. The Japanese current account balance, due for release this morning, is the next key risk event for the pair.

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May 7, 2012 Forex Signals

Admin — Tue, 08 May 2012 00:08:27 +0000

The Euro has pared yesterday’s losses against the Greenback as the nervousness and uncertainty that send markets lower calmed. Although the uncertain political environment in Europe remains, along with concerns over US economic growth, markets deemed the severity of the sell off unwarranted and the Greenback has given back some of its gains. Gaining a minor boost from a 2.2% increase in German factory orders, the Euro has lifted to 1.3050 after previously dipping to three and a half month lows near 1.2950. Effects of last weeks disappointing unemployment figures in the United States are still also weighing on the US Dollar against the Japanese Yen , where in a risk off environment the Japanese Yen is once again showing its holds preference over the Greenback. Remaining below 80.00, the pair has drifted higher however, to trade this morning just below 79.90. With an otherwise quiet day expected markets will likely remain trading with European uncertainty hanging overhead.

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May 6, 2012 Forex Signals

Admin — Mon, 07 May 2012 02:25:52 +0000

May 2, 2012 Forex Signals

Admin — Thu, 03 May 2012 01:27:04 +0000

In another busy day across markets, the euro weakened for a third straight day against the dollar after disappointing German employment figures triggered a move away from the 17-Nation shared currency. After opening the day at a rate of 1.3235 against its US Counterpart a euro-area manufacturing report which showed the largest contraction in nine months also did little to help its cause. Falling more than half a US Cent we open this morning at rate of 1.3158 with pressure mounting on the ECB to cut interest rates from their current level of 1% when the Central Bank meets this evening to discuss the most appropriate Monetary Policy stance. Following a distinctive move by markets away from risk the US Currency strengthened against 15 of its 16 major peers overnight as investors nervously await the release of the all employment non-farm payroll figures which are due for release overnight Friday. With US unemployment remaining stubbornly high at a rate of 8.2 percent the US Federal Reserve are keen to see Labor Markets normalize before any moves are made which could potentially see the source of cheap funding across money markets dry up.

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May 1, 2012 Forex Signals

Admin — Wed, 02 May 2012 00:53:36 +0000

Public Holidays throughout Europe overnight has helped add to the positive flavour across markets as US Stocks advanced yesterday, sending the Dow Jones Industrial Average to its highest level since December 2007. Helping drive the good news story the majority of major indexes were pushed higher following a manufacturing report out of the US which showed manufacturing unexpectedly expanded in the month of April at the fastest pace in 10 months. The Institute for Supply Management’s factory index climbed to 54.8 last month, comfortably exceeding the forecasted reading of 53.0. Easing jitters over concerns that the US economic recovery was losing momentum, the Greenback found some bidders overnight appreciating against the Japanese Yen to open stronger this morning at a rate of 80.079. Meanwhile a quick look at the 17-Nation Euro reveals a session of consolidation with the shared unit trading between a 24 hour range of (1.3203 -1.3283) against its US Counterpart. Meanwhile this morning we open at a very similar level to where we left it yesterday at a rate of 1.3235.

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April 26, 2012 Forex Signals

Admin — Fri, 27 Apr 2012 02:35:30 +0000

Greenback weakness has remained the theme following Thursday’s FOMC monthly meeting. Markets were seemingly disappointed that Bernanke was not yet willing to rule out further easing measures completely and thus the US dollar has faltered accordingly. USD/JPY fell to one week lows of 80.66 before recovering to levels barely above 81.00 as investors remember the BOJ meeting scheduled for later today. Markets are widely expecting to see further stimulus measures from the Japanese central bank which if eventuate will serve to weaken the Yen. Despite weakness in European bank stocks, which highlights ongoing nervousness surrounding the debt crisis, the Euro dollar fought its way to levels near 1.3250 before falling back towards 1.3200 this morning. A marginal drop in unemployment claims and an impressive 4.1% increase in pending home sales did lend support to the US recovery and equity markets rallied as a result. As well as the aforementioned BOJ meeting during Asian hours today, we also await US GDP figures scheduled for release tonight.

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April 23, 2012 Forex Signals

Admin — Tue, 24 Apr 2012 00:12:02 +0000

The euro dollar has tumbled from recent highs above 1.3200, as uncertainty surrounding French and Dutch parliaments combine with a slowing manufacturing sector in the indebted euro-zone. French President Nicholas Sarkozy narrowly lost the first round of the election on Sunday and followed by the collapse of budget talks in the Netherlands, which prompted Dutch prime minister Mark Rutte to hand in his party’s resignation on Monday, the single currency sank to intraday lows below 1.3110. Also weighing on the euro were the purchasing managers’ indices which indicated an unexpectedly sharp contraction in private sector economic activity. Manufacturing PMI for the euro-zone as a whole read 46.0 and services PMI came in at 47.9, the combined result the lowest in five months and a stark contrast to the slight improvement the markets were expecting. USD/JPY has also slid over the past 24 hours as uncertainty sends investors rushing to perceived safe havens, the Yen coming up trumps following recent concern over US fundamentals. Ahead today, aside from ongoing political developments from Europe, we have US consumer confidence and new home sales figures out tonight; the euro posting a mild recovery to start the day at 1.3150 and USD/JPY trading at 81.15.

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April 19, 2012 Forex Signals

Admin — Thu, 19 Apr 2012 23:58:33 +0000

Strong demand for Spanish bonds failed to set the groundwork for a risk rally last night as a widening of the premium on French over German 10-year bonds drew focus away to another area of the euro-zone. Although Spanish 10-year yields rose to higher than that of their previous auction, they remained below 6% at 5.86% relieving concern of unsustainable borrowing costs. The euro pushed back to 1.3150 on these results before sinking soon after towards 1.3070 as concerns shifted to France and the relative increase of bond yields to that of Germany. Macroeconomic data from the US added to the volatility of the overnight session, namely a 386,000 increase in unemployment claims as well as a drop in existing home sales and the Philly Fed manufacturing index. The US dollar came under resultant pressure and this morning trades against the Euro at 1.3135 whilst still managing to gain overall ground against the Japanese yen. Downward pressure still remains with the Yen ahead of its central bank meeting towards the end of the month and the pair sit currently at 81.60. Looking ahead into the weekend, German Ifo business climate is due for release as well as scheduled meetings of the G20 and IMF.

Now, on to our open positions and new trades. Lets take a look at the specifics:

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