USD Dollar (USD) – In forex trading,  the US Dollar rose against the major currencies as global stocks and commodities remain lower after Germany’s declaration about Europe’s debt crisis, which stated that there’s no quick fix to the crisis. This led investors to prefer the US Dollar as a safe haven investment. Wall Street closed negative as the NASDAQ decreased by 1.98% and the Dow Jones by 2.13% respectively. Crude oil weakened by 0.5%, closing at $86.38 a barrel. Gold (XAU) declined by 0.52%, finishing at $1671.83 an ounce. Today, the PPI is expected to strengthen from 0.0% to 0.2%. TIC Long Term Purchases are expected to rise from 9.5B to 27.8B and the Federal Chairman Bernanke is expected to speak.

Euro (EUR) – The Euro weakened against the US Dollar as Germany signaled that Europe may take longer to contain its sovereign debt crisis. This put on hold investments into higher yielding assets. The EUR/USD’s momentum became bearish after breaking the 1.3850 level, the next support level on the one hour chart is located at the 1.3700 level. The RSI indicator is trading within the negative range, which supports a downtrend. Overall, the EUR/USD traded with a low of 1.3724 and with a high of 1.3914. Today, the German ZEW Economic Sentiment is expected to be -44.8 vs. -43.3 previously and the ZEW Economic Sentiment is at -45.1 vs.-44.6 previously.

EUR/USD –  Last: 1.3773

British Pound (GBP) – The British Pound weakened versus the US Dollar following Germany’s comments about Europe’s sovereign debt crisis. The GBP\USD’s trend has been halted and if the pair breaks up at the1.5800 level, the Pound will be bullish again. Overall, the GBP/USD traded with a low of 1.5731 and with a high of 1.5847. Today, the CPI is expected to rise from 4.5% to 4.9% and the Core CPI is expected to be at 3.2% vs. 3.1% previously. The BOE Governor King is expected to speak.

GBP/USD – Last: 1.5803

Japanese Yen (JPY) – The Yen rallied against the major currencies as risk appetite remains low, which led investors to stick with the Yen as a refuge currency. The USD/JPY still remains within the 76.50 – 77.50 level and as long as the pair remains between these levels the trend continues to be unclear. Overall, the USD/JPY traded with a low of 76.61 and with a high of 77.45. No economic data is expected today.

USD/JPY-Last: 76.81

Canadian dollar (CAD) – The Canadian Dollar weakened versus the US Dollar on declines in stocks and Crude Oil, which caused the US currency to be more attractive as a refuge currency. As long as the pair is trading above the 1.0200 level the US Dollar continues to be the favorite. The Moving Average Indicator on the one hour chart supports a bullish trend as well. The next resistance level on the one hour chart is located at the 1.0280 level. Overall, the USD/CAD traded with a low of 1.0043 and with a high of 1.0239. No economic data is expected today.

USD/CAD – Last: 1.0216

Daily Market Review 14/09/2011

USD Dollar (USD) – In forex trading, the US Dollar traded mixed against the other major currencies as the debt crisis concern in Greece didn’t really make headlines. US equities advanced on the hope that further political support for Greece would be applied. The Federal Budget Balance was published at -134.2B, worse than the expected -128.4B. The fiscal deficit in August was the highest since March. The Stock Market closed positive as the Dow Jones climbed by 0.4% and the NASDAQ gained 1.49%. Crude oil jumped by 2.3% and closed at $90.20 a barrel due to the positive trend in the equity markets. Gold (XAU) has joined the positive momentum of the Markets and appreciated by 0.9%, closing at $1,830 an ounce as investors had a good chance to buy it at the low price of $1,800 earlier. Today, the Core Retail Sales are expected at 0.2% vs. 0.5%. Crude Oil Inventories are expected at -3.1M vs. -4M previously. If the Inventories do shrink, we might expect another positive day for Black Gold.

Euro (EUR) – The Euro rose against the US Dollar as stocks gained, fueled by a jump in French bank shares and higher investor demand for riskier assets. Confidence in the European currency was established after Italy was issuing 5-year bonds worth 3.9B Euro and an Interest Rate set at 5.6%. The French CPI came out at 0.5%, better than the expected 0.3%. Holding above the support level of 1.3640 might push the pair higher; otherwise a rebound back to the 1.35 zones might be seen. Overall, the EUR/USD traded with a low of 1.3557 and with a high of 1.3738. Today, the Industrial Production is expected higher, at 1.5% vs. -0.7% previously.

EUR/USD – Last: 1.3691

British Pound (GBP) – The Pound failed to hold gains against the greenback amid concern that due to the debt crisis, the UK’s partner, Europe, will hurt Britain’s economic growth. The CPI came out unchanged as expected at 4.5%. The Pound also depreciated as a government report showed inflation accelerated in August. Holding below the resistance level of 1.5830 keeps the momentum negative for the pair. Overall, the GBP/USD traded with a low of 1.5760 and with a high of 1.5866. Today, the Claimant Count Change is expected at 34.8k vs. 37.1k previously. The Bank of England Gov is also expected to speak.

GBP/USD – Last: 1.5796

Japanese Yen (JPY) – The Yen has slightly advanced against the US Dollar, mostly trading in a very tight range. The demand for refuge increased on concern over the slowing US economy and Euro zone debt problems. The USD/JPY’s trend is bearish if the pair maintains the resistance level at 77.00. The next support level on the daily chart lies at the 76.40 levels. When the pair breaks this level, a short position will be profitable. Overall, the USD/JPY traded with a low of 76.79 and with a high of 77.24. Today, no economic news is expected to be published.

USD/JPY-Last: 76.90

Canadian dollar (CAD) – The Canadian Dollar gained for a second day against the US Dollar as risk appetite drove investors. Material prices increased, as crude oil dragged the loonie with it. Breaking the next support level of 0.9830 will push the USD/CAD pair lower. Overall, the USD/CAD traded with a low of 0.9848 and with a high of 0.9974. Today, no economic news is expected to be published.

USD/CAD – Last: 0.9853

USD Dollar (USD) – In forex trading, the US Dollar strengthened against the other major currencies after the ADP Nonfarm Employment Change came out at 91K, worse than the expected 109K, which made investors prefer the dollar as a safe haven. The US Stock Markets closed positive sending the Dow Jones to rise by 0.46% and the NASDAQ to gain 0.13%. Crude oil fell by 0.1% and closed at $88.81 a barrel. Gold (XAU) is once again trading above the 1800 area, increased by 0.1% and closed at $1,831.70 an ounce. Today, the Initial Jobless Claims are expected to come out at 409K vs. 417K previously and the ISM Manufacturing Index is expected at 48.50 vs. 50.90 previously.

Euro (EUR) – The Euro fell against the US Dollar after the Unemployment Rate came out 10% worse than the expected 9.90%. Breaking the support area of 1.4350 might push the pair lower down the 1.4270 zones, otherwise a rebound back to the 1.4440 levels is possible. Overall, the EUR/USD traded with a low of 1.4356 and with a high of 1.4468. Today, the German GDP is expected to stay at 0.10% and the Manufacturing PMI is also expected to stay at 49.70.

EUR/USD – Last: 1.4370

British Pound (GBP) – The Pound fell against the US Dollar after it failed to breach the resistance level of 1.6330. Breaking the support area of 1.6200 might push the pair lower to the 1.6130 zones; otherwise a rebound back to the 1.6480 levels is possible. Overall, the GBP/USD traded with a low of 1.6229 and with a high of 1.6333. Today, the Manufacturing PMI is expected at 49.50 vs. 49.10 previously.

GBP/USD – Last: 1.6281

Japanese Yen (JPY) – The Yen weakened against the US Dollar, reaching the high of the tunnel at nearly 77.00. If the pair doesn’t break this resistance level, it might fall again to 76.00 areas. Not much is expected from this pair as it capped in a tight range for more than a fortnight and unless we see the pair breaking the 76.00 lows or breaching above the 77.00 highs, we might expect this pair to hold this range for another extended period. Overall, the USD/JPY traded with a low of 76.55 and with a high of 76.91. No economic data is expected today.

USD/JPY-Last: 76.80

Canadian dollar (CAD) – The Canadian Dollar fell against the US Dollar even though Black Gold posted significant gains on speculation that U.S. policy makers will support the economy if it deteriorates. The GDP came out at 0.20% better than the expected 0.10%. Breaking the critical support level of 0.9770 might extend the pair’s decline. Overall, USD/CAD traded with a low of 0.9774 and with a high of 0.9785. Today, no data is expected.

USD/CAD – Last: 0.9772

USD Dollar (USD) – In forex trading, the US Dollar gained against the other major currencies after Orders for Durable Goods in the U.S. increased to 4%, twice as much as was estimated (4.00% vs. the 2.1% expected) and speculation regarding Bernanke’s announcement this week about providing more stimulus for the economy boosted US assets to become positive. Wall Street closed positive as the NASDAQ rose by 0.88% and the Dow Jones by 1.29% respectively. Crude oil declined by 0.30% and closed at $85.16 a barrel. Gold (XAU) fell by 5.60% owing to investors optimism, which were selling gold and in the end the yellow metal closed at $1,757 an ounce. Today, the Unemployment Claims are expected to be at 405K vs. 408K last week.

Euro (EUR) – The Euro weakened against the US Dollar as the German business confidence dropped to the lowest level in more than a year, coming out at 108.7 vs. 111, which led traders to prefer other assets to invest in. The EUR/USD is struggling at the 1.4400 level in the past few days, and as long as the pair is trading above the 1.4380 level, the Euro is more attractive. The next resistance level on the daily chart is at 1.4500. Overall, the EUR/USD traded with a low of 1.4374 and with a high of 1.4481. Today, the GfK German Consumer Climate is expected to decline from 5.40 to 5.20.

EUR/USD – Last: 1.4407

British Pound (GBP) – The Pound weakened against the Dollar after the release of U.S. data on the Core Durable Goods Orders came out very positive and generally supported a stronger US Dollar. As long as the GBP\USD is trading below the 1.6430 level, the trend of the Pound is negative. It should be noted that the Moving Average indicator supports a downtrend as well. Overall, the GBP/USD traded with a low of 1.6365 and with a high of 1.6534. Today, the CBI Realized Sales are expected to be -10 vs. -5 prior.

GBP/USD – Last: 1.6371

Japanese Yen (JPY) –The Yen weakened against the Dollar as Moody’s Investors Service lowered the nation’s debt rating one step to Aa3. The main trend of the USD/JPY is bearish, and as long as the pair is trading below 77.40, the Yen is more attractive and a short position is preferred. Overall, the USD/JPY traded with a low of 76.46 and with a high of 77.07. No economic data is expected today.

USD/JPY-Last: 76.97

Canadian dollar (CAD) – The Canadian Dollar fluctuated against the US Dollar as positive reports in the US were released, which led to traders buying higher yielding assets. In addition, crude oil closed weaker, causing the pair to be unstable. As long as the pair is trading above 0.9830 level, the momentum of the US Dollar is positive. The next resistance level on the daily chart is located at 0.9920. Overall, the USD/CAD traded with a low of 0.9839 and with a high of 0.9905. No major data is expected today.

USD/CAD – Last: 0.9876

USD Dollar (USD) – The Dollar weakened against most of the major currencies in forex trading, on Friday, during a trading session with low volatility. The ISM Manufacturing PMI came out at 55.3, which was better than the expected 51.5. The U.S. Stock Markets closed positive as the Dow Jones jumped by 1.36% and the NASDAQ gained 1.53% as the Euro zone’s debt crisis was seemingly no longer on the forefront of investors’ concerns. Crude oil was left virtually unchanged, closing at around $95 a barrel, but will probably rise if the 95.7 level is breached. Gold (XAU) did not manage to stay in the positive and fell below $1,480 an ounce, but quickly recovered and closed at $1,487 per ounce. Today, US banks will be closed in observance of the July 4^th Independence Day Holiday.

Euro (EUR) – The Euro gained against the greenback due to optimism that Greece will solve its debt crisis after finance ministers agreed to finalize a Greek bailout package by mid September. The Unemployment Rate stayed at 9.9%, unchanged as expected. On the daily chart, we can see six consecutive days of the Euro advancing. Holding above the key support level of 1.4470 keeps the positive momentum in the pair. Overall, EUR/USD traded with a low of 1.4435 and with a high of 1.4577. No major economic data is expected today.

EUR/USD – Last: 1.4555

British Pound (GBP) – The Pound gained modestly versus the dollar, but seems to be under heavy pressure to stay below the 1.61 area. The Manufacturing PMI data disappointed investors as it came out at 51.30, which was worse than the expected 52.30. The Sterling could gather more power against the greenback if the resistance level of 1.6130 is finally breached. Overall, GBP/USD traded with a low of 1.5986 and with a high of 1.6095. Today, the Construction PMI is expected at 53.6 vs. 54 previously.

GBP/USD – Last: 1.6072

Japanese Yen (JPY) – The dollar gained against the Yen as another day of struggle took place between these two currencies. In general, not much is expected from this pair as it has been in a trading range of approximately 150 pips for more than a month. A breakthrough may only occur for this pair if the resistance level of 81.30 is breached or the support of 79.70 is finally broken. Otherwise, we will continue to see fluctuation between those boundaries. Overall, USD/JPY traded with a low of 80.48 and with a high of 81.13. Today, the Average Cash Earnings report is expected to come out at -0.4% vs. -1.4% previously.

USD/JPY-Last: 80.75

Canadian dollar (CAD) – The Canadian dollar has climbed 5 consecutive days against the U.S. dollar on rising optimism that European leaders have agreed on a bailout package for Greece, hence investors’ appetite for higher yielding assets  increased. Holding below the resistance level of 0.9620 keeps the trend negative for the pair. Overall, USD/CAD traded with a low of 0.9578 and with a high of 0.9649. Today, the RMPI is expected at -2.5% vs. 6.8% previously.

USD/CAD – Last: 0.9581



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.