January 2013 Blog Posts (45)

Forex4you Technical Analysis 31 January 2013

EUR/USD: consolidation in uptrend

The EUR/USD pair has formed another sideways consolidation. Given the overall trend is up it will probably break higher. The next target is at 1.3625, followed by 1.3750 where resistance from a grouping of pivots kicks in. The cluster of lines at 1.3530 underpin current price action and any move down will probably find support there too.…

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Added by LigaForex on January 31, 2013 at 3:10pm — No Comments

Concessional Lending In Eurozone

As reported by Market Leader (US)

In late 2011, the European Central Bank started a new program of concessional lending for the eurozone’s financial sector. The authorities hoped that the money would finally poor into the real sector of the European economy. However, their dreams failed to come true. Banks chose to leave the borrowed funds with the ECB for a rainy day.



In December 2012, the lending volume dropped by 0.7% as…

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Added by Evgeny on January 30, 2013 at 4:10pm — No Comments

Forex4you Technical Analysis 30 January 2013

EUR/USD: breakout higher

The EUR/USD pair has broken out above the sideways consolidation it was in yesterday and continued moving up strongly. Initially it will probably reach 1.3525 where there is tough resistance and then probably 1.3625, which is the extrapolation from the trend-line break. Overall the uptrend remains intact and higher prices are expected.…

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Added by LigaForex on January 30, 2013 at 1:59pm — No Comments

EUR/USD: Euro Remains Higher on Easing Concerns Over the Euro Zone Economy

An improving outlook for the Euro Zone and expectations that the Federal Reserve will reaffirm its ultra-easy monetary policy for the foreseeable future are deemed to support the Euro opposite the US dollar today. Positive German economic data and signs that the financial sector is on the mend are likely to continue boosting views that the worst of the debt crisis has passed.



Yesterday, GfK reported that German consumer confidence improved in January as a stable labor market and…

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Added by Amber Penton on January 30, 2013 at 10:48am — No Comments

Learn Forex: Trading candlestick patterns

Candlestick patterns show forex market movement in a graphical format, and many traders use them to predict market events. Read on to learn about the most common candlestick patterns and how to use them.

1)         Bullish-

Hammer-

Occurs after a long downtrend and signals a trend reversal. The pattern comprises of a single candle, and can be either bullish or…

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Added by Sam Wexler on January 29, 2013 at 1:30pm — No Comments

AUD/USD: Greenback Wanes on Upcoming FOMC Statement, Business Confidence Indices

The US dollar is set to weaken against its Australian counterpart today as investors look into confidence data from both nations. Traders are also paring bets that the Federal Reserve will signal a change to its asset-buying program at the end of its two-day meeting tomorrow.



The Conference Board is forecast to show that consumer confidence in the world’s largest economy weakened this January. The composite index from surveyed households is estimated to decline to 64.8 points from a…

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Added by Amber Penton on January 29, 2013 at 1:21pm — No Comments

Alpari’s World of Trading Contests: When Anything Is Possible

As reported by Market Leader (US)

They say you become happy when your dreams come true. Thousands of beginning traders dream of becoming professionals. Larry Williams, Alexander Elder and other trading gurus once dreamed of reaching the Financial Olympus. There weren’t born rich but they managed to get from rags to riches. They set goals and work hard to achieve them. For example, Larry Williams was the first trader who earned over $1…

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Added by Evgeny on January 28, 2013 at 3:55pm — No Comments

Forex4you Technical Analysis 28 January 2013

EUR/USD: temporary pull-back

Substantial resistance directly above price action from the 50, 100 and 200 monthly and weekly MA's at 1.3505, 1.3440 and 1.3525 respectively, could lead to a temporary pull-back. The weakness this morning will probably continue with a target at the top of the range at 1.3400. The bull trend will probably resume eventually, however, with an initial target of 1.3525 followed by 1.3850.…

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Added by LigaForex on January 28, 2013 at 3:09pm — No Comments

EUR/GBP: Pound Drops as Fears of a Triple-Dip UK Recession Escalate

The British pound is foreseen to maintain its slump opposite the Euro to begin the week as grim figures show that the British economy contracted more than forecast in the final quarter of 2012, increasing the likelihood it would slide into a triple-dip recession. Amid this backdrop, incoming Bank of England head Mark Carney has hinted of a big shift in policy amid mounting pressure to jumpstart the stalled economy.



The UK Office for National Statistics reported Friday that…

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Added by Amber Penton on January 28, 2013 at 10:27am — No Comments

EUR/GBP: Pound to Dip as British Economy Seen to Have Contracted in Q4

Estimates that the British economy shrank in the fourth quarter of 2012 are seen to weigh considerably on the British pound today on views that the country could be headed for an unprecedented triple-dip recession this year. Likewise, analysts say that British Prime Minister David Cameron’s pledge to hold a referendum on Britain leaving the European Union by the end of 2017 may damage business investment and jeopardize further an already frail recovery.



Economists estimate that the…

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Added by Amber Penton on January 25, 2013 at 11:42am — No Comments

AUD/CAD: Loonie Dips as BOC Signals Longer Rate Pause

The Canadian dollar is deemed to lose further ground opposite the Australian dollar today as the Bank of Canada lowered its economic estimates and said it will likely keep interest rates unchanged longer than previously anticipated. Meanwhile, the Aussie is believed to receive a lift from a buoyant update from China’s manufacturing sector, bolstering prospects further for the Chinese, as well as the Australian economy.



The Bank of Canada held its benchmark interest rate at 1…

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Added by Amber Penton on January 24, 2013 at 11:30am — No Comments

Residential Property: What Countries Will Be Suitable For Investing in 2013?

As reported by Market Leader (US)

Nothing seems to prevent investors from going risky in 2013, especially as the IMF expects a slow but confident recovery of the global economy this year. Central banks won’t see any problems with liquidity as quantitative easing programs around the globe are underway. In this aspect, investors are not likely to keep investing in low-yield assets offered by developed economies. More investors tart…

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Added by Evgeny on January 23, 2013 at 4:32pm — No Comments

EUR/USD: Euro Seen to Gain as Draghi Expresses Optimism

The Euro is believed to resume its gains alongside the US dollar today as European Central Bank President Mario Draghi suggested that the worst of the Euro Zone debt crisis has passed, leading to a more confident start to this year. Buoyant updates from the Euro Zone economy are also deemed to provide a lift for the single currency today.



At a speech in Frankfurt yesterday, ECB chief Mario Draghi recognized Europe’s efforts in its crisis fight last year, saying that the “darkest…

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Added by Amber Penton on January 23, 2013 at 10:03am — No Comments

AUD/USD: Greenback to Stand Clear of Aussie Hike as Investors Trade on Risk

Even though the technicals point to an overbought price index for the currency pair, the US dollar is forecast to extend its losses opposite the riskier Australian currency. The Aussie-Greenback continues to hike in the price chart today as the US markets open for the week after a historic Martin Luther King Monday. Risk demand for the Aussie also caught on after an overwhelming investor response to the Bank of Japan’s monetary policy statement released earlier. An expansion of the Japanese…

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Added by Amber Penton on January 22, 2013 at 3:52pm — No Comments

Forex4you Technical Analysis 21 January 2013

EUR/USD: possible price pattern

The trend remains bullish overall but there may now be a double top forming at the highs, which is a bearish sign. Momentum on the current bear move however is weakening and a break above 1.3331 could probably signal a new move back up to the range highs at 1.3400. A break below the 1.3255 lows on the other hand would confirm the double top had breached its neckline and give a downside target of 1.3110.…

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Added by LigaForex on January 21, 2013 at 1:32pm — No Comments

Forex4you Technical Analysis 21 January 2013

EUR/USD: possible price pattern

The trend remains bullish overall but there may now be a double top forming at the highs, which is a bearish sign. Momentum on the current bear move however is weakening and a break above 1.3331 could probably signal a new move back up to the range highs at 1.3400. A break below the 1.3255 lows on the other hand would confirm the double top had breached its neckline and give a downside target of 1.3110.…

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Added by LigaForex on January 21, 2013 at 1:32pm — No Comments

Fiscal Cliff Fears

As reported by Market Leader (US)

More traders and investors (in the USA and around the globe) start feeling nervous about the “fiscal cliff” issue. The US authorities failed to resolve it in late December 2012, thereby postponing it for a couple of months. Institutional traders and investors prefer to stay away from the market while small-scale market…

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Added by Evgeny on January 21, 2013 at 10:46am — No Comments

EUR/GBP: Pound to Dip as Snow Threatens the British Economy

The British economy is believed to sustain its weakness alongside the Euro today as economists warn that the snow blanketing much of the UK could push the economy into an unprecedented triple-dip recession. Such fears intensified last Friday after figures showed British retail sales unexpectedly fell in December, dashing hopes of a holiday boost for the struggling economy.



The Office for National Statistics reported that sales volumes fell 0.1 percent on the month to give an annual…

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Added by Amber Penton on January 21, 2013 at 10:02am — No Comments

Forex4you Technical Analysis 18 January 2013

EUR/USD: consolidating under resistance

The EUR/USD pair is consolidating after re-touching the 1.3400 highs. There is a lot of overhead resistance and it will probably fall temporarily with a target at the range lows at 1.3250. Eventually the bull-trend will probably re-assert with a decisive break above 1.3410 leading to a continuation up to 1.3490. There is substantial resistance from the 50-month and 200-week MA's around 1.3520, which could stall further…

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Added by LigaForex on January 18, 2013 at 2:02pm — No Comments

EUR/GBP: Euro Extends Gains on Buoyed Investor Confidence

The Euro is set to extend the week’s gains opposite the British pound on buoyed investor confidence for the single currency. Corporate updates on fourth quarter earnings are driving the demand for the European asset, not to mention stronger-than-expected U.S. jobs data.



“It’s a story of Euro strength,” said Steven Barrow, head of Group-of-10 research at Standard Bank Plc in London. “Against the Pound what tends to drive that is not just an improvement in sentiment towards the Euro…

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Added by Amber Penton on January 18, 2013 at 11:13am — No Comments

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