October 31, 2011 Forex Signals Report

In Major news throughout currency markets yesterday Japan’s Central Bank stepped into sell the Japanese Yen, after the Yen hit a fresh post World-War II record of 75.35 per US Dollar. With the US Dollar being the major benefactor, Japans interventions are expected to continue in the coming months with a historically high Yen harming the competitiveness of the nation’s exporters.

In unrelated news overnight global equities lost between 1.5 – 2.5 percent with investors becoming increasingly frustrated that further details regarding Europe’s latest debt package are not-forthcoming. With concern growing that European Leaders will struggle to raise the funds to contain the regions debt problems the EURO traded as low as 1.3827 against its US Counterpart, opening this morning a full 3 cents lower from its earlier highs at a rate of 1.3827.

Looking ahead this week volatility is expected to continue , with last weeks optimism and subsequent rally appearing to be of overshot the mark, the buying stampede looks contained in the short-term with further details required to outline exactly how Europe plan to finance their latest debt-resolution proposal.

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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