Wednesday, 25 January 2012

Action Forex

Action Forex


Why Trade the FOREX?

Posted: 25 Jan 2012 11:25 AM PST

Back to Forex Article List My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote “If It Doesn’t Go Up, Don̵

Checklist for the January 24-25 FOMC Meeting – Continued

Posted: 25 Jan 2012 11:15 AM PST

Posts Related to Checklist for the January 24-25 FOMC Meeting - ContinuedChecklist for the January 24-25 FOMC Meeting – ContinuedYesterday's edition of the daily commentary listed three changes the Fed will incorporate in the manner in which it communicates with financial markets as of ...

Daily technical outlook

Posted: 25 Jan 2012 10:58 AM PST

Posts Related to Daily technical outlookDaily technical outlookThe man who has confidence in himself gains the confidence of others. ~ Hasidic SayingGood morning. Dollar continues to fall as stocks recover, hence risk currencies, ...

Greek debt deal talks continue amid growing market concerns

Posted: 25 Jan 2012 10:46 AM PST

On Wednesday morning Christine Lagarde, the head of the IMF, warned about the extremely difficult situation in Greece, unable to reach a debt deal with its private bondholders. She said that the there is high risk of contagion in the Eurozone, should the crisis in Greece aggravate. Lagarde’s message was intended to put pressure on the ECB, which nevertheless once again affirmed on Wednesday that it would not

USDJPY stays in a trading range between 76.60 and 77.32

Posted: 25 Jan 2012 10:42 AM PST

USDJPY stays in a trading range between 76.60 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above this level will confirm that the fall from 78.21 had completed at 76.60 already, then further rise to test 78.27 resistance could be seen. Support is at 76.60, only break below this level could trigger another fall to 76.00 zone. Posts

Checklist for the January 24-25 FOMC Meeting – Continued

Posted: 25 Jan 2012 10:17 AM PST

Yesterday’s edition of the daily commentary listed three changes the Fed will incorporate in the manner in which it communicates with financial markets as of January 25. We had noted that additional comments about the Fed’s balance sheet will be the topic of today’s discussion. Picking up from yesterday’s note, the Fed has indicated that the narrative will include “qualitative informa

USDJPY stays in a trading range between 76.60 and 77.32

Posted: 25 Jan 2012 09:39 AM PST

USDJPY stays in a trading range between 76.60 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above this level will confirm that the fall from 78.21 had completed at 76.60 already, then further rise to test 78.27 resistance could be seen. Support is at 76.60, only break below this level could trigger another fall to 76.00 zone. Posts

Checklist for the January 24-25 FOMC Meeting – Continued

Posted: 25 Jan 2012 09:18 AM PST

Yesterday’s edition of the daily commentary listed three changes the Fed will incorporate in the manner in which it communicates with financial markets as of January 25. We had noted that additional comments about the Fed’s balance sheet will be the topic of today’s discussion. Picking up from yesterday’s note, the Fed has indicated that the narrative will include “qualitative informa

Daily technical outlook

Posted: 25 Jan 2012 08:53 AM PST

The safest way to double your money is to fold it over and put it in your pocket. ~ Kin Hubbard Good morning. Euro holds onto gains fairly well and managed to recover after dropping to as low as $ 1.2953 yesterday, which turned out to be a corrective move. Dollar continues to push on support around 79.50 which should provide clues of further weakness towards 77 if breached, eventually. Today's economic sc

Greek debt deal talks continue amid growing market concerns

Posted: 25 Jan 2012 08:45 AM PST

On Wednesday morning Christine Lagarde, the head of the IMF, warned about the extremely difficult situation in Greece, unable to reach a debt deal with its private bondholders. She said that the there is high risk of contagion in the Eurozone, should the crisis in Greece aggravate. Lagarde’s message was intended to put pressure on the ECB, which nevertheless once again affirmed on Wednesday that it would not

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