Best Forex Trading Signals
Global markets are still in flux, mainly because of the situation with Greece and the European Financial Stability Fund (EFSF). Greece is getting closer to default as they have yet to get its next installment of bail out funds, and there is speculation that the Germans are fighting dumping more money after bad. Risk aversion is once again strengthening even though the Japanese are showing the health of the manufacturing industry to be much better than last month. In addition, Manufacturing PMI in the US exceeded expectations, but some investors are still nervous as numbers can be manipulated and there has been no change in the regulations that are currently stifling the American economy.
Equity markets were hit once more, with the S&P 500 closing at its lowest level in over a year and this sent investors scrambling back to safe-haven assets in droves. The Euro continued its journey south taking out 1.3300 and 1.3200 to reach a low near 1.3170 and the Japanese Yen moved back into the 76 range reaching a high of almost 76.50. Both the President of the ECB and the Chairman of the FED are due to speak tonight and investor’s focus will be keenly tuned to the tone of both speeches.
Now, on to our open positions and new trades. Lets take a look at the specifics:
Open Orders
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New Orders
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