USD Dollar (USD) – In forex trading, the US Dollar fell versus most of the majors after better than expected Payrolls data lowered risk aversion and caused investors to prefer higher yielding assets. Non Farms Payrolls came out with a 103K increase from 57K last month and a 55K forecast. Wall Street couldn’t sustain early gains and finished in the red as the NASDAQ declined by 1.1% and the Dow Jones declined by 0.18%. Crude oil gained by 0.11% and closed at $83.07 a barrel. Gold (XAU) weakened by -0.76%, closing at $1,636.10 an ounce. Today is Columbus Day, a Bank Holiday in the USA and low liquidity and irregular volatility are expected.

Euro (EUR) – The Euro strengthened versus the US Dollar after French and German leaders pledged to deliver a plan in three weeks to recapitalize banks and reiterated their intention to keep Greece within the Euro. This occurred, despite Fitch Ratings cutting Italy’s rating to A+ from AA- and Spain’s rating from AA+ to AA-. Additionally, Portugal is expected to become the next country to be downgraded. Trading below the resistance level of 1.3500 will keep the momentum of the pair negative, but if the pair breaks above this resistance level, it may reach the 1.4060 level again. Overall, the EUR/USD traded with a low of 1.3360 and with a high of 1.3524. Today, the German Trade Balance is expected at 9.8B versus 10.10B previously and the French and Italian Industrial Production will be released.

EUR/USD – Last: 1.3460

British Pound (GBP) – The British Pound gained versus the US Dollar after better than expected Payrolls data in the U.S spurred demand for higher yielding assets. The Pound retraced most of its gains later during the trading session. MPC Member, Weale, said on Sunday that the Bank of England is likely to increase asset purchases even further than the 275 Billion Pounds, which was announced on Thursday. The trend for the pair remains bearish if it maintains its resistance level of 1.5730, but if the pair breaks that resistance it may reach the 1.5950 level again. Overall, the GBP/USD traded with a low of 1.5422 and with a high of 1.5645. No economic data is expected today.

GBP/USD – Last: 1.5610

Japanese Yen (JPY) – The Yen finished lower versus the US Dollar and most majors after better than expected Non Farm Payrolls in the US spurred investors toward higher yielding assets. The Bank of Japan made no changes in its monetary policy by leaving rates unchanged, and stated that there is an increasing risk of a global slowdown. Technically, the USD/JPY is trading within a narrow range with no clear long term trend. If the pair breaks below the 76.00 level, the trend will continue downwards. Today is a Bank Holiday in Japan which can lead to abnormally low or high volatility.

USD/JPY – Last: 76.80

Canadian Dollar (CAD) – The Canadian Dollar finished unchanged versus the US Dollar on Friday. The Employment Change was 60.9K better than the expected 15.2K and the Unemployment Rate was also better than expected with 7.1% versus 7.3%. Positive economic data caused the Canadian Dollar to strengthen to a one-week high versus the U.S Dollar, but a 103K in Non Farm Payrolls helped the US Dollar bounce back. The trend for the pair will continue to be bullish if the pair maintains its support level of 1.0280. Today is a Bank Holiday in Canada in observance of Thanksgiving Day and the market is expected to be low on liquidity which could lead to abnormal volatility.  

USD/CAD – Last: 1.0340

USD Dollar (USD) – In forex trading, the US Dollar fell against most major currencies as the appetite for riskier assets increased and investors preferred to purchase higher yielding assets over the Greenback. The ADP Non-Farm Employment Change data came out at 91k better than the expected 76k and triggered the Stock Markets to rally, with the Dow Jones appreciating by 1.21% and the NASDAQ by 2.32%. Crude Oil soared by 5.3% after Stocks showed a drop of -4.7M and Crude Oil closed at $79.60  a barrel. Gold (XAU) also joined the positive trend and increased by 1.6% to close to $1641 an ounce. Today, Unemployment Claims are expected at 411k vs. 391k previously.

Euro (EUR) – The Euro rose against most currencies and was firm against the US Dollar amid optimism about a possible solution to the debt crisis; after Germany said that the bailout fund can be used to recover struggling banks. Retail Sales came out -0.3% worse than the expected -0.2%. Trading below the resistance level of 1.3480 will keep the momentum of the pair negative, but if the pair breaks above this resistance level, it may reach the 1.4060 level again. Overall, the EUR/USD traded with a low of 1.3260 and with a high of 1.3383. Today, the Interest Rate Decision is expected to remain unchanged at 1.5%. Soon after, the ECB Press Conference is expected, and it might determine further trends for the European Currency.

EUR/USD – Last: 1.3331

British Pound (GBP) – The British Pound fell against the US Dollar on speculation that the Bank of England will encourage its program of bond purchases, or Quantitative Easing, at the policy meeting which is expected today. The GBPUSD pair made several attempts to breach the 1.5490 level but failed and remained capped. The Services PMI came out at 52.9, better than the expected 50.6. The trend for the pair remains bearish if it maintains its resistance level of 1.5730, but if the pair breaks that resistance it may reach the 1.5950 level again. Overall, the GBP/USD traded with a low of 1.5393 and with a high of 1.5492. Today, the Interest Rate Decision is expected to remain unchanged at 0.5%. Soon after, the MPC Rate Statement is expected, and it might determine further trends for the Cable.

GBP/USD – Last: 1.5425

Japanese Yen (JPY) – The US Dollar traded unchanged against the Japanese Yen after the pair did not succeed to break its resistance level of 77.00. Technically, trading below the 76.80 level will keep the trend bearish and the pair may test its support of 76.30. Today, no economic data is expected.

USD/JPY – Last: 76.73

Canadian Dollar (CAD) – The Canadian Dollar gained for a second day against the Greenback as an improvement in market sentiment weakened the US Dollar across the board and Black Gold prices soared, supporting the Loonie. Holding below the resistance area of 1.0500 keeps the momentum bearish for the pair. Overall, the USD/CAD traded with a low of 1.0394 and with a high of 1.0569. Today, the Building Permits are expected at 0.6% vs. 6.3% previously. The Ivey PMI is expected at 58.2 vs. 57.6 previously.

USD/CAD – Last: 1.0425

USD Dollar (USD) – In forex trading, the dollar strengthened against most of the major currencies due to an increase in demand for a safe haven currency and growing risk aversion among investors after the Swiss Central Bank imposed a ceiling on the currency’s exchange rate. Despite the Dollar’s own woes – economic and political – it remains the most widespread used fiat currency on the planet. Now, as the European crisis takes the stage for another act in the sovereign debt problem, a need for safety has emerged. In addition, the ISM Non-Manufacturing PMI expanded by 53.3 vs. the 51.20 forecasted, easing concern that the biggest part of the U.S. economy was slumping. The Stock Markets closed the week negative as the Dow Jones fell by 0.90% and the NASDAQ lost 0.26%. Crude oil jumped by 3.80% and closed at $86.45 a barrel as a drop in the US dollar – following Switzerland’s attempt to cap the value of its currency – made raw materials more attractive to investors. Gold (XAU) fell from a record by 1.36%, closing at $1,876 an ounce as some investors sold metal to make up for losses in the Swiss franc after the country’s Central Bank imposed a ceiling to the exchange rate. Today, the Beige Book is expected to be released.

Euro (EUR) – The Euro fell for a sixth day against the U.S. Dollar due to growing risk aversion among investors. The European Central Bank is expected to meet tomorrow. European economic data is underperforming by the most since March 2009 and it will probably effect the ECB decision. Trading below the resistance level of 1.4180 will keep the momentum negative for the pair, but if the pair breaks above this resistance level, it may reach to 1.4350 levels again. Overall, the EUR/USD traded with a low of 1.3971 and with a high of 1.4285. Today, the German Industrial Production is expected to grow by 0.60% vs. 1.10% previously.

EUR/USD – Last: 1.4030

British Pound (GBP) – The Pound fell to a seven-week low against the greenback after a report showed that U.K. retail sales dropped by 0.60%, boosting the case for further economic stimulus measures. Such an action will probably keep the British Pound weaker in the long-term against a broad spectrum of currencies. The trend for the pair remains bearish if the pair maintains the resistance level of 1.6200, but if the pair breaks that resistance it may reach 1.6320. Overall, the GBP/USD traded with a low of 1.5920 and with a high of 1.6208. Today, the Manufacturing Production is expected to grow by 0.10% vs. -0.40% previously.

GBP/USD – Last: 1.5980

Japanese Yen (JPY) – The US dollar strengthened against the Yen after yesterday’s move by the SNB to announce a floor of 1.2000 for the EUR/CHF pair prompted speculations that the BoJ may follow and announce a similar action. Trading above the support level of 77.20 will keep the trend bullish for this pair. Today, no economic data is expected.

USD/JPY-Last: 77.40

Swiss Franc (CHF) – The Swiss Franc dropped the most it ever has against the Euro and the US Dollar, after the Swiss Central Bank imposed a ceiling on the currency’s exchange rate and said it will defend the target with the “utmost determination.” The trend for the pair will continue to be bullish if the pair will maintain the support level of 0.8500. Today, no economic data is expected.

USD/CHF – Last: 0.8590

USD Dollar (USD) – In forex trading, the US Dollar traded mixed after the Federal Reserve kept the interest rate at 0.25% and for the first time in history, it was said that there are no plans to change the interest rate until June 2013 and no immediate plans to start another monetary program. This announcement caused Wall Street to recover most of the losses incurred since the US credit rate was downgraded by the S&P last week. Wall Street closed positive as the NASDAQ jumped by 5.29% and the Dow Jones rose by 3.98%. Crude oil jumped to $82.40 a barrel after the Federal Reserve meeting last night and Gold (XAU) fell to $1,720 an ounce. Today, the Crude Oil Inventories are expected at 1.50M vs. 1.00M previously.

Euro (EUR) – The Euro rose against the US dollar to almost 1.4400 after the Federal Reserve said the interest rate will remain steady at 0.25% until 2013. The EUR/USD’s momentum is still bearish below the 1.4400 level and the next support level on the daily chart is at 1.4280. Overall, the EUR/USD pair traded with a low of 1.4151 and with a high of 1.4375. Today, the German CPI is expected to remain at 0.40%.

EUR/USD – Last: 1.4334

British Pound (GBP) – The Pound closed unchanged against the US Dollar after the trade balance came out at -8.90B, worse than the expected -8.20B. As long as the GBP/USD pair is trading below the 1.6350 level, the trend of the Pound is bearish. The next support level on the one hour chart is at 1.6220. Overall, the GBP/USD pair traded with a low of 1.6175 and with a high of 1.6410. Today, the BoE Gov King speaks and the BoE Inflation Report is expected.

GBP/USD – Last: 1.6276

Japanese Yen (JPY) –The Yen strengthened against the U.S. Dollar amid concern about a U.S. economic slowdown and the euro-zone’s debt crisis, spurring demand for the Yen. The main trend of the USD/JPY is bearish and as long as the pair is trading below 77.50, the Yen is more attractive and a short position is preferred. Overall, USD/JPY traded with a low of 76.69 and with a high of 77.84. No major economic data is expected today.

USD/JPY-Last: 76.88

Canadian dollar (CAD) – The Canadian dollar rose against the US Dollar and recovered losses after the Federal Reserve meeting, when Crude oil jumped to $82 a barrel. The Housing Starts came out at 205K, which was better than the expected 195K. As long as the pair is trading above 0.9750, a long position is preferred, facing a strong resistance at 0.9850. Overall, USD/CAD traded with a low of 0.9764 and with a high of 1.0009. No major economic data is expected today.

USD/CAD – Last: 0.9826

USD Dollar (USD) – In forex trading, the dollar slumped against most of the major currencies before the U.S. House of Representatives vote on a plan to cut government spending in exchange for raising the debt ceiling. The CB Consumer Confidence report came out at 59.50, better than the expected 56.00 and New Home Sales came out at 312K, worse than the expected 320K. The Stock Markets in the U.S. closed negative as the Dow Jones fell by 0.73% and the NASDAQ fell by 0.10%. Crude oil rose by 0.4% and closed at $99.15 a barrel. Gold (XAU) advanced by 0.30% and closed at $1,616.80 an ounce. Today, the Core Durable Goods Orders are expected at 0.50% vs. 0.70% previously, and Crude Oil Inventories are expected at -1.30M vs. -3.70M previously.

Euro (EUR) – The Euro rose against the U.S. Dollar and remained around the 1.4500 area. As long as the pair trades above the 1.4480 level, the momentum for the pair is bullish towards the 1.4700 zones. Overall, the EUR/USD traded with a low of 1.4356 and with a high of 1.4535. Today, the German CPI is expected at 0.30% vs. 0.10% previously.

EUR/USD – Last: 1.4505

British Pound (GBP) – The Pound strengthened against the greenback before the debt vote in the U.S. The GDP annual advanced reading showed an expected decline at 0.20%. Further appreciation for the pair is possible if the resistance level of 1.6370 is breached, otherwise we might see some technical adjustment down to 1.6280 zones. Overall, the GBP/USD traded with a low of 1.6265 and with a high of 1.6323. Today, the CBI Industrial Trends Orders are expected at -3.00 vs. 1.00 previously.

GBP/USD – Last: 1.6427

Japanese Yen (JPY) – The U.S. dollar fell against the Yen to the lowest level since the earthquake in Japan last March, as U.S. president Obama addressed the nation on the economy. Trading below the resistance level of 78.00 keeps the trend negative for the pair. Overall, the USD/JPY traded with a low of 77.77 and with a high of 78.68. No economic data is expected today.

USD/JPY-Last: 77.83

Canadian dollar (CAD) – Canada’s dollar appreciated to the highest level since November 2007 as the greenback declined against all of its most-traded counterparts on concern that the U.S. may fail to reach an agreement on raising its debt cap. The pair broke the support level of 0.9440 and held; if the rate remains below this support level, we can see the Canadian Dollar at 0.9350. Overall, the USD/CAD traded with a low of 0.9434 and with a high of 0.9474. Today, no major economic data is expected.

USD/CAD – Last: 0.9436

USD Dollar (USD) – In forex trading, the dollar was crushed across the board last Friday as optimism among investors grew on an agreement in Europe to deal with the region’s debt crisis, which made riskier assets more attractive. With the opening of the Asian markets last night, the dollar strengthened against the majors. The Stock Markets in the U.S. closed mixed as the Dow Jones fell by 0.34% and the NASDAQ gained 0.86%. Crude oil touched the $100 area, but retraced and closed at $99.87 a barrel, posting a 0.8% advance. Gold (XAU) reached a new high at $1623 per ounce. No economic data is expected today.

Euro (EUR) – The Euro rose against the U.S Dollar and closed at 1.4423 last Friday. With the opening of the Asian markets, the Euro fell by 100 pips to 1.4323 and back to the 1.4400 area. Further appreciation in the pair is possible if the resistance level of 1.4440 is breached, otherwise we might see a technical adjustment downwards towards 1.4280 zones. Overall, the EUR/USD traded with a low of 1.4323 and with a high of 1.4436. Today, no major economic data is expected.

EUR/USD – Last: 1.4381

British Pound (GBP) – The Pound strengthened against the greenback for a third day on positive developments at the EU Summit, causing the pair to hit a 5 week highs after it finally breached the resistance level of 1.6170. Further appreciation in the pair is possible if the resistance level of 1.6370 is breached, otherwise we might see some technical adjustment downwards to 1.6280 zones. Overall, the GBP/USD traded with a low of 1.6263 and with a high of 1.6343. No economic data is expected today.

GBP/USD – Last: 1.6300

Japanese Yen (JPY) – The yen advanced against the dollar to its highest level since March as no deal on raising the U.S. debt limit has been reached. Trading below the resistance level of 78.60 keeps the trend negative for the pair. Overall, the USD/JPY traded with a low of 78.11 and with a high of 78.72. No economic data is expected today.

USD/JPY-Last: 78.37

Canadian dollar (CAD) – Canada’s dollar rose, touching the strongest level against the greenback in more than three years, as investors took Canada’s statements to mean that the central bank may become more aggressive with interest-rate increases. The pair couldn’t break the support level of 0.9440 and rebounded to the 0.9500 area. Overall, the USD/CAD traded with a low of 0.9476 and with a high of 0.9518. Today, no major economic data is expected.

USD/CAD – Last: 0.9514

According to experts, who made Forex trading software, this program application can perform greatly because of its wonderful calculations and low chances of a blunder. Forex trading software has the capability of doing all the calculations hence whatever these experts said are true. Forex software helps traders to successfully trade in the Forex.

The Forex trading robots are very easy to handle as they do not require special skills to use them. Anyone can make use of this software even the beginner can make trades only in few days after downloading this trading software. The Forex market is susceptible to trading market changes. It is also rather bothersome to try to keep up with the constant increase and fall conditions of the trading market. Some of the veteran traders are able to estimate where the trading market is heading.

The Forex robots help rookies, who are not that much familiar with the Forex market behavior and Forex trends. These robots help investors to decide when they must place trades. This software program has the ability to view the Forex market. It provides you an inside look to successfully trade. It allows you to identify market trends rightly. These robots use algorithms and are therefore, can predict the future of market with more accuracy by some hours. It is also able to work with several Forex trading strategies and gives suggestions on whether to make a trade or seize back.

The Forex robots such as MegaDroid, IvvBot and FAP are totally automated and make the good trade for you. You will get many benefits by using Forex robots. Forex robots can save your time. You can give that time in learning Forex trends. Forex robot works like your own assistant. Forex robots are of special assistance for people, who are unknown to the trading market and want to do investment in trading. This is an easy way of getting started to invest in Forex market. On Forex robots, there are stats that you need to check and see whether they are what you are looking for. Forex robots are best for newbie. Newbie can trade successfully with ease using Forex robots.

In order to get huge profits in this kind of trading, traders require searching automated trading robots. Forex robots are a key to gain success in Forex trading business. Choosing the correct Forex robot has several benefits. These Forex robots have the ability to bring successful trade in Forex trading. They make you trading very profitable. Robots correctly guide traders to get huge profits. Hence, before choosing trading robot, you should consider certain factors as it brings huge profits.  You need to do little search on Internet to get best Forex robot. There are many robots available online out of which you need to choose perfect one.

Forex robots have many benefits such as they are able to process information very quickly, they look at things purely rationally and further they don’t become worried, nervous or upset, thus it is  proves to be a good choice to those who invest in Forex market and Forex trade to increase their profit. It doesn’t mean that they will not suffer from any drawbacks. It isn’t wise to choose it for bidding, so it is required that we must have full knowledge of it, so that we can make rational decisions invest it in or not. Each Forex robot performs differently in different Forex trade; some works better with larger trades while other with smaller trades.
The Forex robot software uses the non – intervention of human nature and is thus a bane for Forex trade and Forex market.  The software is quite helpful in order to draw the interpretation of recent trends.  Being mathematical in nature they use a specific patter of algorithms and further does not completely depends on nature and situation of the market.  The update procedure is quite reliable as it contains a large amount of market analysis and user friendly information.  The newcomers are best in form as these are easy to install and easy to use and further it can be said that they have lot of options and keeps a good money management so there are low risks involved basically to the newcomers. Use the Forex robots to compare decisions and as a number analyzer. One can use its advice on have to move in the market but the final decision should always be oneself. At times when one is away, it may be alright to let the robot take over but otherwise a lot of money could be lost. Before one can choose a Forex robot confirmation should be there that it is compatible with the currency pair that one wants to deal with. Also find out if one’s broker is compatible with the robot one is going to buy before other buy it.
No monitoring is required to tackle this Forex business oriented instrument. Forex business through this can be relied on the point that it runs all by itself. Further, it is maximising profit oriented instrument as it is perfect in calculation as it uses algorithms and they make the newcomers smart enough in order to take decisions in this regard. These robots require knowledge and experience to handle, therefore it is not recommended to novice traders. While considering for a robot we must first consider our requirements and skills as a trader and see whether it matches with its efficiency. However trader may get to know about it when it will have it for a while.

Numerous Forex trading robots are available in the market that guide your way via the information can be overpowering. The question here is how you can chose best Forex trading robot from all these claims. The answer for this question is very clear as it seems. Few things are there that need to be considered. If you are doing full time work, or you do not have experience in Forex trading business then learning manual trading systems is difficult to put into place. Learning and studying manual systems take much tome. They depend on human judgment that is prone to give way for the two largest killers of Forex trading named fear and greed.
It is fact that a manual system takes many hours to develop. Therefore, until you have a plenty of time and a passion for examining charts and making forecasting on price, you should not go for manual trading system. You can get huge profits using manual trading system. Therefore, perfect selection of such system gives you many advantages. It means using this system has many advantages.  But if you instead of enjoying your free time with family and in holidays, you need to trade with automated trading systems. Trades are allowed to do Forex trading using automated trading systems. It is most feasible option for you to gain huge profits and earn extra income. Big banks and industries are also using Forex robots to earn a lot.
But the selecting the Top Forex trading robot is very impor

tant to maximize Forex trading profits. While doing Forex trading, you need to search for hot and new trading technology in the Forex market. It is because developers are constantly improving the coding to male the Robots more elastic as well as adaptable to chances in the trading market. The most reassuring way to assure that you select the top Forex robots is to actually purchase these products, making sure you understand how you can install them and optimize their settings for your selected Forex trading platform that will be Metatrader. You should also do forward and back testing on a number of settings for the different currency pairs.
But in actual it is costly and even time consuming. It is little bit exhausting and overwhelming. The most proficient way of assessing which is the Top Forex Robot is just to visit and subscribe to well-known websites where wonderful Forex Robots are separately and honestly reviewed, regular updates provided, widely tested and detailed comparisons are made. The great advantage of this approach is an important saving in costs, comparisons on behalf saving your time and efforts, somebody else doing a research and keeping you alongside each other of the recent developments in Forex Robots.

Along with the right trading strategy, one has to have the right guidance and facilities to trade correctly in the Forex Trading Market. Even operating these Forex Trading Robots requires a skill. This cannot be done without immense practice and perseverance. One needs to understand the concept of curve fitting to fully understand the skill of operating the Forex Trading Robots.

Curve fitting is similar to bending rules of the system to one’s suitable needs. This is similar to shooting at a target with a blind fold on the eyes of the shooter. Mostly all of the available Forex Trading Robots in the retail market are fitted with this system of curve bending. There is often a disclaimer tagged along with it and should be read very carefully. The rule to be considered here is CFTC rule 4.41. It states that the simulated conditions have certain fixed limitations. As the trading carried out is not real, the results might be little over or under exaggerated due to the possible lack of liquidity. Simulation has been done with a view to benefit the user. No representation is being made to any account that may profit or lose out due to the results shown here.

This warning is normally present behind any Forex Trading Platform which deals in dummy platforms. The problem in vendors is that they compile all that information and use it even if they know that they will lose out in the real time trades. These Forex Robots rely on tactful marketing copies. These traders simply do not read the small print. These traders are either simply too ignorant, too naïve or too foolish. These negative points often lead to substantial losses when trading in the Forex Trading Market. If the investor has to choose between different Forex Trading Platforms, he should go in for the automated ones. Within them too, there are those which are economical, moderate and expensive. If the investor invests too little money into these robots, he might not get a good enough trading system. Even if he does get one, why should he place his trust and invaluable money onto the trading system?

Another way out of this would be to formulate a different trading system that suits the investor’s working methods and also bring in more profit for him. Bringing together different pros, one can create a robust trading system which is much easier to create than what one might think. In a nutshell, it would be wise to first read the disclaimer that the trading systems give printed on the cover. They usually offer high profits at low risk and low capital. These can be avoided by cleverly decoding the disclaimer.