Best Forex Trading Signals
The Euro recovered from four week lows against the Greenback and seven week lows against the Japanese Yen as speculation mounted the European Central Bank may step in and purchase Spanish bonds, a move that would be aimed at lowering the borrowing costs of the indebted nation. In addition with a fully subscribed Italian bond [...]
Continue Reading →Despite a ADP Employer Services report released out of the US showing companies expanded payrolls by 209,000 following a revised gain of 230,000 in February, this was not enough to sway investors as markets continue to come to terms with the fact the steady stream of liquidity in the form of quantitative easing from the [...]
Continue Reading →Federal Court Orders CFTC Defendant Larry Benny Groover to Pay $2.69 Million for Defrauding Customers in Forex Ponzi Scheme
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court consent order requiring CFTC defendant Larry Benny Groover of Gunter, Texas, to pay a total of $2.69 million in restitution and a [...]
Continue Reading →CFTC Sues 11 Foreign Currency Firms in Second Nationwide Sweep Against Unregistered Firms Cases bring to 25 the number of firms sued by the CFTC for failing to register under the 2008 Farm Bill, the Dodd-Frank Act and the CFTC’s regulations.
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced that it simultaneously [...]
Continue Reading →By Elliott Wave International
During the past few years, The Federal Reserve has engaged in a “deliberate inflating policy.”
This policy earned disfavor, both at home and abroad.
Robert Prechter said this in the July Elliott Wave Theorist:
“Foreign powers have been irate over the Fed’s deliberate inflating policy. At its outset, QE2 generated ‘a [...]
Continue Reading →The Euro rose to a one-month high of 1.4548 amid renewed risk sentiment, managing to hold onto most of its overnight gains to open in Sydney at 1.4505. Merger news in Greece between their second and third-largest banks sent stocks soaring in the Euro zone. The mood was just as positive across the Atlantic and [...]
Continue Reading →The USD CHF was trading in a potential sell zone. This area was the 50% to 61.8% retracement zone of the prolonged break from .8519 to .7066. On Tuesday the currency pair attempted to break through the 50% level at .7792, but failed to attract any noticeable selling.
Overnight, the USD CHF attempted to [...]
Continue Reading →Trading Update:
We had a horrible month for the month of July. As a matter of fact, it was our worst month ever, at +9.4% gain for the month. The market has been highly unpredictable, primarily due to the US Debt issues (I really hate using the term crisis). Friday S&P downgraded the [...]
Continue Reading →Best Forex Trading Signals has joined the latest Internet trend and created its own Twitter account. With the launch of Best Forex Trading Signals’ official Twitter account, BFTS1, members and non-members can receive instant updates, or “tweets,” directly from Best Forex Trading Signals on the Internet or on their mobile phone.
Members can go to [...]
Continue Reading →Plus: Discover Where to Place “Protective Stops”
What advantages does the Wave Principle offer to traders?
Here’s one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates to the market’s larger trend.
Other tools fall short in this regard. Several trend-following indicators [...]
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