Archive for the ‘Forex’ category

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S&P 500 Tests Critical Support as US Dollar Accelerates Upward

THE TAKEAWAY : The S&P 500 is inching lower to challenge the boundaries of the near-term up trend while the US Dollar has breached initial resistance and aims higher still. S&P 500 – Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 1376.10, the May 2011 top, hinting a move lower is ahead

Published by on February 22nd, 2012 at 10:02 pm
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Australian Dollar Trend Little Changed Amid Leadership Uncertainty

THE TAKEAWAY : Australian PM Gillard Calls for Leadership Ballot following Foreign Minister Rudd’s Resignation > Tussle Introduces Risk of Early Election > AUDUSD Reaction Muted Australian Prime Minister Julia Gillard called for a leadership ballot early Thursday morning in order to put to rest concerns that former PM Kevin Rudd would be a better leader of the Labor Party.

Published by on February 22nd, 2012 at 09:02 pm
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EURUSD: Trading the German IFO Business Confidence Survey

Trading the News: German IFO Survey (Expectations) What’s Expected: Time of release: 02 / 23 / 2012 9 : 00 GMT, 4 : 00 EST Primary Pair Impact : EURUSD Expected: 102.0 Previous: 100.9 DailyFX Forecast: 102.0 to 104.0 Why Is This Event Important: Business confidence in Germany is expected to improve for the fourth consecutive month in February, with market participants forecasting the IFO’s gauge for future expectations to increase to 102.0 from 100.9 in the previous month. Indeed, an uptick in business sentiment should prop up the Euro, but the initial reaction may be short-lived as renewed fears surrounding the sovereign debt crisis drags on the single currency. Recent Economic Developments The Upside Release Expected Actual Gross Domestic Product (QoQ) (4Q P) -0.3% -0.2% Unemployment Rate s.a

Published by on February 22nd, 2012 at 09:02 pm
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The Basics of How Money is Made Trading FX

Trading currency in the Forex market centers around the basic concepts of buying and selling. Let’s take the idea of buying first

Published by on February 22nd, 2012 at 09:02 pm
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RESEARCH ALERT-CIMB downgrades Hyflux to trading sell

SINGAPORE | Wed Feb 22, 2012 9:58pm EST Feb 23 (Reuters) – CIMB Research downgraded Singapore water treatment firm Hyflux Ltd to trading sell from neutral and cut its target price to S$1.23 from S$1.28. By 0246 GMT, shares of Hyflux were 3.8 percent lower at S$1.52, but have gained 26 percent since the start of the year. STATEMENT: Hyflux said on Wednesday its net profit for 2011 fell 40 percent to S$53 million, hurt by lower sales as its projects in the Middle East neared completion and the Arab Spring riots affected new contracts

Published by on February 22nd, 2012 at 08:02 pm
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