Thursday, March 15, 2012

Forex Daily Analysis 2012-03-16

Improving economic data supported the US stock markets that closed another green trading-day yesterday. Continuing jobless claims were 351K, lower than analysts' consensus of 354K claims. Philly manufacturing index, which indicates the activity of the manufacturing sector, was higher than expectations as well. Today are published the core CPI M/M & consumer sentiment.
AUD/USD
The Australian dollar reached the target we set for the break-down of the support at 1.06, which was the 200 SMA, around 1.04. As we estimated, the break-down of this level caused significant declines and the support appeared around the 200 SMA, which is an indicator that many investors use. The support occurred close to the 50% Fibonacci level, which means that a bullish reversal might start from this point. Stochastic oscillator levels are showing oversold situation, and this supports the possibility for a bullish reversal by the Aussie that might retest the break-down level at 1.06.

AUD/CAD
Most of the major currencies got stronger against the USD yesterday, but the CAD did not make a significant change against the American dollar. The pair USD/CAD is consolidating around 0.99 and it is not clear whether the bears or the bulls have the upper hand now.
The fact that the CAD is stamping versus the USD, helps the AUD to rise against it, after few weeks of heavy sales in the pair AUD/CAD. The pair blocked by the 200 SMA and if this support lasts, the AUD might correct up to 1.055-1.06 and even higher.

EUR/GBP
Both EUR & GBP are traded around strong supports against the USD. The EUR gets support at 1.30, might continue to 1.315-1.32, whereas the GBP has support at 1.565, and might rise to 1.58.
The pair has been moving through a narrow channel and we analyze it each time the pair touches one of the channel's boundaries. Two weeks ago, when the pair traded a little bit higher that 0.83, we brought up the trade idea of trying to take it up to 0.84 and the trade worked exactly as we planned. The pair is close to 0.83 again and if the current pattern remains, the pair will rise towards 0.84. However, a powerful movement of the GBP might cause a break-down of the support and take it down to 0.82.


Risk Disclosure
Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.
 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Wednesday, March 7, 2012

FOREX Daily Analysis 2012-03-08

As we estimated, the US stock market made the bullish correction to the declines from the beginning of the week, and those who expected to see a crashing of the stock got the exact opposite. Wall Street can easily slide to the bearish momentum again but the most important thing here to understand is that the general trend is still bullish, which means that those who missed the rally might buy stocks after the slightest correction.
EUR/USD
The next two days are full with important economic data as today is published the European interest rate, which expected to remain at 1.0% and the investors will look forward to the ECB press conference.
The risings in Wall Street helped the Euro that found a support at 1.31, and if the investors like what they hear from the ECB president, the currency might jump to the resistance at 1.325. However, a break-down of yesterday's low could take the pair under 1.30.

EUR/GBP
The pound failed in breaking through the 200 SMA on Tuesday and the sharp declines in Wall Street that day, pulled the pound down to 1.57. The British currency corrected yesterday and the MPC rate statement today will influence its direction today.
Both EUR & GBP are moving in the same trend versus the USD and therefore the pair EUR/GBP has been stamping in the last couple of months. The pair is approaching the resistance at 0.84, which it broke last month but fell under it few days after the break-up. According to this pattern, the pair supposed to rise to 0.84 and try to break it through again. However, if the pound gets extremely stronger and the pair breaks down the support at 0.83, it might slide towards 0.82.

USD/CAD
The pair reached the target we set at the psychological number 1.0 and the strengthening of the USD has stopped due to the bullish correction of the stocks. The interest rate is published today in Canada, 30 minutes after the ECB press conference begins and like the other interest rates that are published today the Canadian interest is expected to remain unchanged. If the USD continues strengthening against the CAD and overcomes the resistance at 1.0 then the price might reach 1.015. However, if the bearish reversal occurs, the price might fall back to 0.98 again.


Risk Disclosure
Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.
 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Monday, March 5, 2012

Get started with forex trading

The first step to successful Forex trading lies in understanding the Forex market structure with its advantages and disadvantages, appreciating its reefs, studying analysis methods, market predicting and trading principles and creating personal Forex trading strategies.

A brief excursus into the Foreign Exchange market - Forex, as well as a description of trading principles, analysis and predicting methods can be found on our site, in the pages: Introduction to Forex, Understanding Forex, Forex Techniques, Forex Glossary, Forex Trading FAQ. Unfortunately, the information you find on our site is only a small portion of the vast volume of information available nowadays. But this information will help you get started.

The second step is implementing the acquired knowledge in practice - studying and using the Forex trading platform, placing, deleting and modifying orders, opening and closing positions and so on.

At this stage you need to practice on a Forex Demo Account. A demo account lets you develop your skills without financial risk as you do not need to invest. Demo accounts are free. Instructions for opening Forex demo accounts can be found on the page "Open Demo Account".

After the first positive results, many forex traders enter the real Forex trading market and do not succeed. That's why you need to get positive results that are stable first. The knowledge you gain, through correct trading with your own system, following your rules, developing steel logic and psychological stability, in absence of greed and following a money management system will all be determinant at this stage.

To assist traders in accomplishing this difficult task, our company has prepared two special types of accounts - LITEForex and REALForex.

LITEForex accounts offer Forex beginners the possibility of starting real trading on Forex with real deposits. But keep in mind that profits and losses on this account will be minimal. Even stable profits cannot cover your Internet expenses.

A small starting deposit, which any Forex trader could lose absolutely painlessly, will help you overcome the very complex transitional stage of going from a demo account to a live account.
Since all LITEForex group accounts are in cents, Forex traders will practice working with amounts that have more and more zeros, like in US dollars. This helps prepare traders for the future and escape psychological pressure when trading on professional accounts.
Moreover, the LITEForex Forex account can be used by skilled Forex traders for testing different mechanical trading systems.
REALForex type accounts belong to the "professional" category and are aimed for skilled forex traders, working with big amounts of money. All operations on this account type are made in US dollars; maximal deposit is unlimited.

Sunday, March 4, 2012

Forex Daily Analysis 2012-03-05

Wall Street closed another green trading week as NASDAQ kept setting new highs, S&P 500 crossed above the important level of 1370 points, though eventually it closed under this resistance. The rising came on the background of improving economic data as GDP showed an annual growth of 3% and continuing jobless claims fell to new low.
This week was extremely volatile in the commodities market as oil prices touched the level of $110 after rumors regarding attack on one of Saudi Arabia important oil fields, but the largest oil producer denied the rumors and the oil closed around $106 on Friday. The precious metals were also on the center after Bernanke said that the price of $1800 for an ounce of gold reflects a bubble and caused heavy sales of the metal that shed $80 that day. The silver also influenced by the events and fell nearly 10% during Wednesday.
EUR/USD
Europe got some encouraging events during the last two-weeks and after the Greece crisis seemed to be calmed for a while, the ECB gave the European banks more than 500 billion Euros in order to ease the credit problem that the banks are having.  The European bid rate published on Thursday and it expected to remain on the current levels. However, as usual, the investors will wait for the ECB press conference to get indication about the economic situation. One of the most important data is published on Friday, which is the employment status in the US - Non Farm payroll change & unemployment rate.
On the technical aspect, in spite the fact the US stock market rose, the EUR loose power against the USD after few weeks of a bullish rally. Stochastic levels are indicating for an overbuying situation, which means that the EUR might correct down to 1.30. However, strong rally in the stocks might help the EUR to resume strengthening.
GBP/USD
The pound made an impressive bullish session after the USD failed in breaking-down the support at 1.565 two weeks ago. The pair made the triple-bottom on the support and reached the target we set for the bullish movement at 1.60. The expected resistance appeared around that levels and heavy selling took the pair down under 1.58. If the USD continues strengthening, the pair might fall to 1.565 again. However, the pair reached Fibonacci levels in which a bullish reversal might occur.
The bank of England will announce the interest rate on Thursday, 45 minutes before the ECB. The bank rate is expected to remain unchanged and the investors will concentrate on the MPC rate statement.  
USD/CAD
The Canadian dollar has been strengthening against the USD for several months and last week the pair broke down the important support at 0.99. However, as it usually happens after break-down or break-ups of extreme levels, the pair did not continue falling and it closed around the break-down level on Friday. A better than expected GDP data published in Canada that day but the general strengthening of the USD prevent the CAD from gaining more power. If the USD continues rising, the pair might reach the 200 SMA and the psychological number 1.0. However, if the bearish reversal occurs around the current level, the CAD might try to slide under 0.98.
The Bank of Canada will publish the interest rate on Thursday, half-hour after the ECB, and the interest rate is expected to remain at 1.0%.

Risk Disclosure
Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.
 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Liteforex Affiliate Program-Internet Partner

internet-partner

Who has Internet Partnership program been developed for:

Internet Partnership program best fits those who want to start cooperation with LiteForex, attracting new traders via Internet. A webmaster, an owner of a website or an experienced trader with a wide range of friends - all of them can become an affiliate and receive significant profit.

What an Internet partner gets:

  • The highest commission - up to 2 pips for each transaction made by a referal, which is equal to 20 dollars per transaction
  • MultiLevel partnership with no limitations for the number of levels. Interest calculation - 10% from the attracted affiliate's earnings
  • Automatic interest calculation of commission to the affiliate's account at closing of the referal's transaction
  • Online-monitoring of attracted clients in the affiliate's cabinet
  • Simple registration in the program from the Client's Cabinet
  • Efficient support of Account managers concerning cooperation with LiteForex
  • Development and support of websites by our experts, exclusive design, as well as upgrading
  • Wide range of free affiliate's instruments for the most efficient attraction of clients
  • Easy commissioning, irrespective of how many referals have been attracted and for how long the affiliate's link has been registered
  • Drawing funds to LiteForex Card, which is accepted in more than 100 countries worldwide, where MasterCard service is available
  • Cooperation with a reliable broker, who has recommended itself worldwide. Partners from 62 countries already participate in our partnership program.

What is MultiLevel Partnership and how does it work?

Cooperation based on LiteForex Internet-Partnership program provides the possibility of developing your own business by attracting new clients. Moreover, you benefit not only from trading on the Forex market but also from attracting customers and partners to the community of traders.
If your referal is registered in this program, he shall automatically become you sub-affiliate, and you can get additional revenue amounting to 10% of his commissions.
Again, your sub-affiliate can also attract both clients, and affiliates. Thus, you can get commission not only for the activity of your refereals, but also for the referals and affiliates of your sub-affiliate. Commission is distributed automatically, and you need not calculate anything.
This is a real multilevel affiliate program with unlimited number of levels!
internet-partner

How much does an Internet partner earn?

Earn up to 2 pips from each referal's transaction, i.e. up to $20 commission from each traded lot of all your clients. Taking into account the fact that there are traders who close up to 20-30 positions a day, you have a real opportunity to earn thousands dollars per month simply by attracting new customers to LiteForex!
Unique conditions of our affiliate program enable you to attract clients at the professional level and receive a decent remuneration for this work with no significant time consumption.
LiteForex MultiLevel Partnership program is the most advantageous partnership in Forex, as payments are made not only for the attracted clients, but also for the affiliates. Moreover, if another partner begins working with us upon your recommendation, you get 10% of his earnings.
earnings example >>
Client 1 made 10 lots of trading operations by EURUSD pair. Your income amounts to 10 x $20 = $200
Client 2 made 100 lots of trading operations by EURUSD pair. Your income amounts to 100 x $20 = $2,000
Client 3 made 200 lots of trading operations by EURUSD pair. Your income amounts to 200 x $20 = $4,000
Your income: 200+2,000+4,000 = $6,200
You attracted an affiliate, whose clients also conducted trading operations:
Client 4 made 100 lots of trading operations by EURUSD pair. His income amounts to 100 x $20 = $2,000
Client 5 made 300 lots of trading operations by EURUSD pair. His income amounts to 300 x $20 = $6,000
Your subaffiliate's income: 2,000 + 6,000 = $8,000
Total - your income per month amounts to:   $7 000
Income = Commission from you clients' work + 10% of commission of your affiliates = 6,200 + 800 = $7,000

How can you register as an Internet-Partner?

3 simple steps to become a participant of Internet-Partner program are as follows:
Create and verify you profile in a Client's Cabinet
File an application from the Client's Cabinet
Start working and gain income
Apply for taking part in LiteForex’s affiliate program by contacting our Affiliate Programs Department, and you’ll be able to start working immediately as soon as your affiliate account is activated. Please note: our experts from the Affiliate Programs Department study and check very carefully the application data and constantly watch the partners’ actions, that's why you must be ready to provide us with additional information should we need it. When you become a partner you can independently obtain full statistics for your work and contact our experts to get other necessary materials and information support.

Thursday, March 1, 2012

Daily Forex Analysis 2012-03-02

The US stock markets are about to close another green week as NASDAQ led the indices with 0.75% up. The risings came on the background of mixed data as unemployment claims were lower than the forecasts but the ISM manufacturing PMI disappointed, as well as the personal spending & income.
GBP/USD
The continuation of the risings in Wall Street supports the major currencies versus the USD, including the pound that just last week traded around 1.56, and it is now approaching 1.60. The pound created the triple-bottom on that support and though it looked like it was about to break-down, the British currency managed to rise and overcame the resistance of the 200 SMA, which is now supporting it. A break-up of the resistance at 1.60 might take the price to the highest pick since October 2011 at 1.6165.

AUD/USD
The Aussie is trying to break-through the resistance at 1.08, in which it has failed to break few times in the recent months. In fact, many up-tails extend from the candlesticks from the recent period, which means that there are many sellers around this level and the next break-up might be another false one. However, the pair made a correction down to 1.06 last week and this might give the Aussie enough power to make a powerful break-up. If it succeeds, the pair might jump to the next height at 1.105.

Precious Metals
The precious metals had a great momentum since the beginning of the year. They rose sharply since the beginning of the year, after rough times in the second half of 2011. Bernanke's speech on Wednesday disrupt the investors plan as he mentioned that the Gold's prices were too high and caused sharp declines in both Gold $ Silver prices. The expected up-correction occurred yesterday and the main question in this point is whether the prices break Wednesday low and continue falling, or rise above yesterday's high and try to get back to their recent picks.



Risk Disclosure
Trading and the execution of transactions in currencies, commodities,CFD  indexes and other financial products with or without using  high financial leverage, is speculative trading of high risk and may cause substantial gain or loss proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period. The fluctuation of the prices and rates in the currency markets, commodities, CFD ,indexes and other  financial derivatives are often volatile and there is no accurate   forecasting as per the size of the change, its direction and the time frame in which it occurs.You must consider carefully and seriously if this type of financial activity fits your needs, your financial resources and personal circumstances. Since the risk of losing some of the invested funds or all the funds in a relative short period is high; it is recommended that you use for that purpose funds which you designated for speculative financial transactions of high risk.
 You acknowledge and fully understand that there may be more and other risks which are not detailed or not cotained above

Your $30 gift coupon

Hi there,
Do you want to receive regular $30 with a minimum of efforts? It’s easy with LiteForex’s unique promotion! I’ve been stably receiving my bonuses and I want to tell you about this opportunity. If you easily make friends, if you willingly share interesting news and events, LiteForex’s new offer is exactly for you.

Here’s a code CB9FAT4WDP0FJ1LN. Activate it by registering an account with LiteForex, and receive the possibility of $30 deposit. All you need for a further participation in this unique promotion is to send 20 special promotion codes from LiteForex to your acquaintances, friends or relatives, just as I did.

The potential of your income depends only on you and your ability to give coverage of good news. And – believe me - LiteForex doesn’t have other news.

Registration link: https://secure.liteforex.com/en/profile/register/index/coupon/CB9FAT4WDP0FJ1LN
                       

Your $30 gift coupon

Hello,
As we all know, “One who has many friends never needs a full purse”. Nowadays, it means that your income can depend directly on the number of your friends.

LiteForex group of companies is a reliable and stable broker on the Forex market. Our cooperation has already made me lots of profit. Lately, I’ve received 20 unique promotion coupons from LiteForex that I can now distribute among my friends and acquaintances who are interested in the online trading. I’d like to offer you one of those coupons, with the denomination of $30: M7FVJU7XPWDOMZ6W.

All you need to do to receive the opportunity to use this extra $30 bonus is register an account with LiteForex group of companies and activate the coupon.

Registration link: https://secure.liteforex.com/en/profile/register/index/coupon/M7FVJU7XPWDOMZ6W

Good luck!