UFXBank Daily News: Gold Falls by 5.60%

Posted by admin on August 25, 2011 under forex market | Be the First to Comment

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

UFXBank Daily News: Euro Gains Due to Apparent Greek Crisis Resolution

Posted by admin on July 4, 2011 under forex market | Be the First to Comment

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



Benefits of using Forex robots

Posted by Daytrader on December 18, 2009 under forex market | Be the First to Comment

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.