October 9, 2011 Forex Signals Report

The Euro opens under pressure against both the Yen (102.40) and the greenback (1.3350) in the wake of last week”s ratings downgrades to both Italy and Spain even as the European Central Bank pledged further banking support. Currencies linked to risk and emerging markets were the main beneficiaries during Friday trade as they retraced some of the vast ground lost over recent weeks. The ratings downgrades were particularly telling for the 17-nation currency as the market believes there is still plenty of issues for indebted nations to work through. The Euro traded between 1.3360 and 1.3520 on Friday. Meanwhile, in the United States, non-farm payrolls came in better than expected with 103,000 jobs added compared to forecasts of 60,000. The greenback opens little-changed against the Japanese Yen today at 76.70.

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

Open Orders

[Content protected for Premium members only]

New Orders

[Content protected for Premium members only]

More Like This:

  1. October 5, 2011 Forex Signals Report
  2. October 3, 2011 Forex Signals Report
  3. October 4, 2011 Forex Signals Report
  4. October 6, 2011 Forex Signals Report
  5. September 25, 2011 Forex Signals Report
Tagged with: • • •
 
If you enjoyed this article, please consider sharing it!
Reddit Facebook Twitter Delicious Mixx StumbleUpon Digg

Leave a Reply

U.S. Government Required Disclaimer - Trading foreign currency exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign currency exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced with this media are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this information or website. The past performance of any trading system or methodology is not necessarily indicative of future results.

Information contained in this product is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document and website does not take into account your own individual financial and personal circumstances. It is intended for educational and entertainment purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.