Friday, April 25, 2014

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD

Market Review 01.02.2013

Posted: 01 Feb 2013 12:53 AM PST

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The EUR/USD shot up to a 15-month high during the Asian session last night, as confidence in the euro-zone economic recovery continued to generate risk taking among investors. Meanwhile, the Japanese yen extended its bearish trend amid speculations regarding future aggressive monetary easing from the Bank of Japan. The USD/JPY gained close to 60 pips to trade as high as 92.28.

Gold and crude oil were largely range trading throughout the overnight session, ahead of key US employment data today.

Main News for Today

US Non-Farm Employment Change- 13:30 GMT
• The Non-Farm figure is widely considered the most important economic indicator on the forex calendar
• If today's news comes in below the forecasted 161K, investor confidence in the US economic recovery may go down, which would result in losses for the US dollar
• Additionally, if today's news disappoints, gold prices may be able to stage a bullish correction before markets close for the weekend

Read more forex news on our forex blog

Market Review 31.01.2013

Posted: 31 Jan 2013 01:04 AM PST

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The euro traded just below a 14-month high of 1.3586 against the US dollar during overnight trading last night, after the Fed decided yesterday to leave their policy of monetary easing in place. Against the JPY, the common-currency lost just over 30 pips during the Asian session, and is currently trading at 123.30, slightly below a recent 2 ½ year high.

Both crude oil and gold saw relatively little movement last night, as investors eagerly await a key US jobs report tomorrow for clues as to the current state of the American economic recovery.

Main News for Today

US Unemployment Claims- 13:30 GMT
• Analysts expect today's news to show a minor increase in unemployment claims from last week
• If the predictions are true, the dollar could take additional losses against its main rivals ahead of tomorrow's all-important Non-Farm Payrolls figure

Read more forex news on our forex blog

Market Review 30.01.2013

Posted: 30 Jan 2013 12:40 AM PST

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The EUR/USD shot up to a 14-month high in early morning trading today, as investor confidence in the euro-zone economic recovery continues to boost riskier assets. The pair, which is currently trading at 1.3510, has advanced close to 30 pips since the beginning of Asian trading last night.

Bearish US dollar movement last night helped gold become more affordable for international buyers, which boosted demand. The precious metal, which is currently trading at $1667.75 an ounce, gained over $5 during the Asian session.

Main News for Today

US ADP Non-Farm Employment Change- 13:15 GMT
• The indicator is considered an accurate predictor of Friday's all important Non-Farm Payrolls figure
• If today's news comes in below the forecasted 164K, the dollar could take additional losses during afternoon trading

US Advance GDP- 13:30 GMT
• The GDP figure is forecasted to show a slowdown in US economic growth
• If today's news comes in below the expected 1.1%, the dollar is likely to extend its current bearish trend

US FOMC Statement- 19:15 GMT
• If the FOMC signals a slowdown in the US economic recovery when their statement is issued, risk aversion may lead to gains for the yen against the USD

Tuesday, April 22, 2014

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD » short-term strategy

Choosing a Short-Term Strategy with FSA

Posted: 02 Nov 2009 05:34 AM PST

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First of all, before we get more into details let me just restrict myself. It is impossible to have a 100% control on the FSA account. The reason is very simple, when you choose to have strategies trading for you; you forfeit your right to control what’s going on.

Despite all the above, there are still many things you can do in order to adjust the strategy to your needs. Let’s try and figure those out:

1. If I want a short-term strategy, then by definition my greatest concern is how the strategy has been doing recently. So when I need to sort the strategies’ Time Frame, I choose “Last Month to Date”.

2. Then, naturally, I look at the Profit ($) factor. Just like any aspect of life, it is recommended to follow the winner. It can’t promise us that the strategy will continue to see profits, but it’s for sure the best alternative.

3. Now, you have to make the first difficult choice – sort by Max DD. Max DD means Maximum Draw-Down, which means what was the worst losing sequence in losses for the system denoted in pips. In general, the first thought that comes to your mind is that you want the Max DD to be as low as possible. However, bear in mind, that strategies which were built for short-term profits, are also exposed to large quick loses, which means that their Max DD could be relatively high. Take this under consideration upon choosing a strategy.

4. Remember, the major currency pairs don’t tend to fluctuate harshly on a regular basis. This means that if you’re looking to see large profits quickly, you should consider using strategies that trade the more exotic pairs such as GBP/CHF, GBP/JPY, EUR/CAD, etc…

5. One last thing before we say goodbye. Some of you may not be aware of this, but you are perfectly capable of closing a position manually. If you wish to see quick exits, but the strategy doesn’t “obey”, don’t hang on and wait for the system to close it – close it by yourself!

Saturday, April 19, 2014

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD

Market Review 01.02.2013

Posted: 01 Feb 2013 12:53 AM PST

printprofile

The EUR/USD shot up to a 15-month high during the Asian session last night, as confidence in the euro-zone economic recovery continued to generate risk taking among investors. Meanwhile, the Japanese yen extended its bearish trend amid speculations regarding future aggressive monetary easing from the Bank of Japan. The USD/JPY gained close to 60 pips to trade as high as 92.28.

Gold and crude oil were largely range trading throughout the overnight session, ahead of key US employment data today.

Main News for Today

US Non-Farm Employment Change- 13:30 GMT
• The Non-Farm figure is widely considered the most important economic indicator on the forex calendar
• If today's news comes in below the forecasted 161K, investor confidence in the US economic recovery may go down, which would result in losses for the US dollar
• Additionally, if today's news disappoints, gold prices may be able to stage a bullish correction before markets close for the weekend

Read more forex news on our forex blog

Market Review 31.01.2013

Posted: 31 Jan 2013 01:04 AM PST

printprofile

The euro traded just below a 14-month high of 1.3586 against the US dollar during overnight trading last night, after the Fed decided yesterday to leave their policy of monetary easing in place. Against the JPY, the common-currency lost just over 30 pips during the Asian session, and is currently trading at 123.30, slightly below a recent 2 ½ year high.

Both crude oil and gold saw relatively little movement last night, as investors eagerly await a key US jobs report tomorrow for clues as to the current state of the American economic recovery.

Main News for Today

US Unemployment Claims- 13:30 GMT
• Analysts expect today's news to show a minor increase in unemployment claims from last week
• If the predictions are true, the dollar could take additional losses against its main rivals ahead of tomorrow's all-important Non-Farm Payrolls figure

Read more forex news on our forex blog

Market Review 30.01.2013

Posted: 30 Jan 2013 12:40 AM PST

printprofile

The EUR/USD shot up to a 14-month high in early morning trading today, as investor confidence in the euro-zone economic recovery continues to boost riskier assets. The pair, which is currently trading at 1.3510, has advanced close to 30 pips since the beginning of Asian trading last night.

Bearish US dollar movement last night helped gold become more affordable for international buyers, which boosted demand. The precious metal, which is currently trading at $1667.75 an ounce, gained over $5 during the Asian session.

Main News for Today

US ADP Non-Farm Employment Change- 13:15 GMT
• The indicator is considered an accurate predictor of Friday's all important Non-Farm Payrolls figure
• If today's news comes in below the forecasted 164K, the dollar could take additional losses during afternoon trading

US Advance GDP- 13:30 GMT
• The GDP figure is forecasted to show a slowdown in US economic growth
• If today's news comes in below the expected 1.1%, the dollar is likely to extend its current bearish trend

US FOMC Statement- 19:15 GMT
• If the FOMC signals a slowdown in the US economic recovery when their statement is issued, risk aversion may lead to gains for the yen against the USD

Thursday, April 17, 2014

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD » Commodty

Platinum Prices Reach New All-Time High

Posted: 13 Jan 2011 06:01 AM PST

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Momentum is behind the bullish move as the price of platinum climbed to a new record high. Daily stochastics that are free from divergence show more gains could be in store for the commodity.

The previous all-time high of $1,809 was broken today as the price of platinum has moved as high as $1,826.

With a 4-day rally causing daily momentum to push higher, traders may expect further gains in the commodity. Also supporting more long term gains in the commodity is a lack of divergence on the slow stochastic oscillator. The previous all-time high in early November coincided with rising stochastics that topped out at 79. Today's all-time high has stochastics currently at 92 and rising. This bodes well for potential future gains in the commodity.

Supports for the pair begin at the previous all-time high of $1,809, followed by $1,787.50, $1,665 and 1,628 also stand out as long term supports levels. The rising trend line off the August low should also provide support.

Platinum

Wednesday, April 16, 2014

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD » forex seminar

ForexYard Goes to Helsinki!

Posted: 15 Jul 2009 04:01 AM PDT

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What has your forex broker done for you lately? We at ForexYard have embarked on a specialized program of assisting investors with understanding the forex market and forex trading to an extent that most brokers are unwilling to go for their clients. From sending out daily analysis emails, chalk full of technical analysis and price indicators, to giving 24-hour dealer support to all existing and potential clients, we are dedicated to helping new traders gain the experience and knowledge necessary to tackle this market with ease, as well as assist veteran traders with boosting their already lucrative profits!

In addition to the high level of service offered by ForexYard, we have now established a world tour of educational conferences which aim to assist clients maximize their trading potential in various markets and give attendees an opportunity to meet the international ForexYard team in person.

The latest seminar held in July at the Scandic Simonkentta Hotel, Helsinki, focused primarily on technical analysis and the basic features of this market.

helsinki1

Due to the enormous demand faced by the conference, it was divided into three fair sized groups in order to help facilitate a healthy interaction between the guests and our team while covering the intricate details of market analysis, allowing the attendees an opportunity to speak one-on-one with leading market analysts about the features of forex trading and even receive personalized advice on how to optimize their profit-taking.

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One of the inherent fears within this market is that traders simply don’t know where to begin. A lack of knowledge about how to trade appears to be prevalent for beginners; which is why we have decided to embark on this educational journey. But this quest appeals to our veteran traders as well by giving them the opportunity to speak with our experienced analysts about how to better maximize their profits.

helsinki3

By raising the level of knowledge our traders possess, we hope to stand out among forex companies world-wide as an innovator in this field. We can claim with confidence that no other broker does what we do for our clients. Period. Come trade with ForexYard now and grab the market by the horns!