February 2013 Blog Posts (36)

What Is Financial Betting?

The financial markets got hit hard back at 2008 and caused a lot of panic throughout the world. Little by little the markets started recovering but in the process many financial companies and individuals took advantage of the volatility and exciting movements and developed new financial tools. These tools allow anyone who wishes to make profits from market movements to do so with ease. An example to that would be the retail forex market that was popular also before the crash but got a nice…

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Added by cogman on February 28, 2013 at 7:00pm — 1 Comment

Forex4you Technical Analysis 28 Feb 2013

EUR/USD: possible bearish resumption

Eurodollar rebounded off yesterday's lows breaking above 1.3120 and beginning a weak rally higher. It has now rolled over however and is in the process of pulling back. It will probably correct back further or even renew its down-trend. If it breaches the 1.3050 lows then that would confirm the bearish resumption, perhaps down to 1.2900, the target for the head and shoulders top. A rebound, however, would see a move up to the…

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Added by LigaForex on February 28, 2013 at 3:05pm — No Comments

Forex4you Technical Analysis 27 Feb 2013

EUR/USD: pause in down-trend

The EUR/USD's decline has stalled at support at the 1.3000 level where it is currently consolidating. It will probably resume its descent given the short-term trend is down and continue lower to perhaps 1.2900 which is the profit target from the head and shoulders top, or even lower to the next target down at 1.2795. Alternatively, a bullish bounce would have to break above 1.3120 to gain traction, with an upside target at 1.3195…

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Added by LigaForex on February 27, 2013 at 1:14pm — 1 Comment

G20 In Moscow: Currency Wars?

As reported by Market Leader (US)

The recent summit of G20 finance ministers and central bank governors in Moscow couldn’t but become the key newsmaker for mass media (The Financial Times, Le Figaro, The Wall Street Journal, Manager magazin etc.)



This was a major even in the economic and financial life of the entire world. It is not a secret that G20 accounts for 90% of the global GDP and 70% of the global population. Yet,…

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Added by Evgeny on February 26, 2013 at 2:57pm — No Comments

Forex4you Technical Analysis 26 Feb 2013

EUR/USD: bullish break

Eurodollar's bounce was short-lived and after touching the top of the channel it continued lower. It will probably extend down even further, with the head & shoulders top indicating it will reach a downside target of 1.2900; with the next target after that at 1.2795, where there is a cluster of monthly and weekly pivots situated.…

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Added by LigaForex on February 26, 2013 at 1:53pm — 1 Comment

Forex4you Technical Analysis 25 Feb 2013

EUR/USD: channeling down

The pair has been channelling down since the start of February. It has just reached the lower line of the channel and the monthly pivot and has rebound. It will probably bounce back up to the upper channel line at 1.3300 next, with further tougher resistance also at 1.3330. Eventually it will probably resume its down-trend, however, with the key 1.2950 level marked as a probable downside target for the move.…

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Added by LigaForex on February 25, 2013 at 2:25pm — 1 Comment

EUR/GBP: Pound Weakens as UK Loses Top Credit Rating

The British pound is deemed to maintain its weakness today opposite the Euro as the United Kingdom suffered a credit rating downgrade from a major agency after Moody’s stripped its prized triple-A rating on sluggish growth expectations. Meanwhile, despite a weaker outlook for the Euro Zone this year, the Euro is apt to receive a lift from the buoyant German Ifo Business Climate report for February.



Moody’s cut Britain’s rating by one level from Aaa to Aa1, with a stable outlook,…

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Added by Amber Penton on February 25, 2013 at 8:31am — No Comments

Forex4you Technical Analysis 20 Feb 2013

EUR/USD: bullish break

Yesterday's narrow sideways range eventually led to a break out which broke through the down-sloping trend-line. There is an immediate upside target of 1.3480 but eventually also 1.3515 – the target from the breakout. If the pair falls back down, however, it will probably re-touch the 1.3220 lows, but the thick clusters of support underneath are likely to inhibit further downside.…

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Added by LigaForex on February 20, 2013 at 2:18pm — No Comments

AUD/JPY: Aussie Rises as RBA Minutes Scale Down Rate Cut Expectations

The Australian dollar is deemed to sustain its gains opposite the Japanese yen today after the Reserve Bank of Australia said it saw signs that low interest rates are starting to stimulate the economy, managing to scale down expectations of further rate cuts in the months ahead. Meanwhile, a bleak trade report from Japan is foreseen to weigh o the Yen today.



Minutes of the RBA’s February 5 meeting published yesterday indicated that members are positive about the economy, seemingly…

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Added by Amber Penton on February 20, 2013 at 6:42am — No Comments

Forex4you Technical Analysis 19 Feb 2013

EUR/USD: moving sideways

Eurodollar continues to consolidate in a narrowing sideways pattern as noted yesterday. It is supported by the 200-4hr MA, a trend-line and the neckline of a possible H&S pattern. The greater trend is still up and a break above the 1.3395 highs would indicate a recovery higher, targeting the 1.3480 level. A lot of support underpins price including the 50-day MA at 1.3270, and so it would require a move below this and the trend-line at…

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Added by LigaForex on February 19, 2013 at 3:03pm — No Comments

Forex4you Technical Analysis 18 Feb 2013

EUR/USD: bounce possible

The EUR/USD pair has fallen to a cluster of strong support including the 200-4hour moving average, a trend-line and a neckline for a possible H&S top. The downward pressure seems to have eased today and there is a reversal pattern breaking on the hourly chart which could signal a bounce back up; with a break above 1.3395 targeting 1.3470. Alternatively any further downside could break through the neckline of a potential head and shoulders…

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Added by LigaForex on February 18, 2013 at 3:02pm — No Comments

EUR/GBP: Pound Falls as Retail Sales Post Surprise Drop

The British pound is foreseen to dip alongside the Euro today on renewed concerns over the British economy after retail sales unexpectedly fell in January as snowy weather dampened consumer spending. Meanwhile, the Euro is deemed to gain after European Central Bank board member expressed optimism over prospects in the Euro Zone.



Retail sales unexpectedly fell for a second consecutive month in January as snowfall kept consumers at home and incomes remained under pressure, hurting…

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Added by Amber Penton on February 18, 2013 at 9:54am — No Comments

Is George Soros Right When Saying That Investing In Russia Is A Mistake?

As reported by Market Leader (US)

What can discourage you from reading “Putin's Russia and the Big Lie”, an article published in The American Thinker. First of all, it is the author’s name - Kim Zigfeld. She is an anonymous personality who constantly writes anti-Russian articles in her blog called “La Russophobe”. She writes a…

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Added by Evgeny on February 15, 2013 at 2:32pm — No Comments

Forex4you Technical Analysis 15 Feb 2013

EUR/USD: bearish break

The break below the key 1.3355 level has occurred this morning and could see eurodollar run down to 1.3250 initially, and then eventually possibly even key support at 1.2950. Much depends on whether today remains bearish into the close – if it does then this could be the start of a major leg down, otherwise we may yet see a recovery, although the trend-line at 1.3410 limits near-term upside potential.…

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Added by LigaForex on February 15, 2013 at 1:20pm — No Comments

USD/CAD: Demand for Safety Buoys Greenback After Sour Euro Data

Demand for safe investments like the US dollar look to trump risk assets such as the Canadian dollar today after a string of woeful economic data from Japan to the European bloc. Trade sentiment turns lower as uncertainty flourished across the markets from earlier releases.



The markets turned sour after reports from the Eurostat, INSEE and Destatis proclaimed what economists have already expected – except that analysts’ estimates proved to be relatively conservative than what actual…

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Added by Amber Penton on February 14, 2013 at 3:23pm — No Comments

Forex4you Technical Analysis 14 Feb 2013

EUR/USD: possible bearish break

Eurodollar has fallen back down and touched support from the trend-line today. There is strong downwards pressure and it is attempting to break lower. A move below 1.3355 would be a strong bearish continuation sign with the 50-day MA at 1.3260 providing the next downside target. Alternatively there is still a possibility of a bounce targeting the 1.3640s, with a break above resistance clustered at 1.3460 adding confirmation.…

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Added by LigaForex on February 14, 2013 at 2:27pm — No Comments

Forex4you Technical Analysis 13 Feb 2013

EUR/USD: rebound continues

Eurodollar's bounce from the trend-line and the monthly pivot has continued higher and reached 1.3470. Today we have had another thrust higher and it will probably continue. There is an inverted H&S on the hourly chart with a price target at 1.3500 and another target is 1.3640. Alternatively a break below 1.3355 lows would give bearish confirmation that the trend lower was resuming.…

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Added by LigaForex on February 13, 2013 at 2:08pm — No Comments

EUR/GBP: Pound to Dip Ahead of the Bank of England’s Quarterly Economic Assessment

The British pound is deemed to weaken alongside the Euro today on expectations that the Bank of England will slash its growth forecasts and stress that price pressures will remain above target in its quarterly Inflation Report due today. The ONS reported yesterday that inflation held steady in January with signs pointing to increased prices in the coming months.

Official data showed yesterday that the inflation rate in Britain remained at 2.7 percent for the fourth consecutive month…

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Added by Amber Penton on February 13, 2013 at 9:57am — No Comments

USD/CHF: Greenback to Pare Earlier Losses on Notable Speeches Today

With speeches from both the United States and the Swiss National Bank today, the US dollar looks set to pare earlier losses against the Swiss franc. Market participants would look into hints from President Barack Obama’s State of the Union speech, as the markets brace for budget discussions in the following months. Also, the upside momentum is looked forward to be buoyed by the speech from Federal Open Market Committee voting member Esther George.



Traders are watching to see how the…

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Added by Amber Penton on February 12, 2013 at 4:54pm — No Comments

Forex4you Technical Analysis 12 Feb 2013

EUR/USD: consolidating on support

The pair continues to consolidate on top of support from the trend-line and the monthly pivot. Activity today has been mainly bearish although it is now turning up, and a break above 1.3470 could trigger further upside to perhaps the 1.3715 highs. Alternatively a decisive break of the 1.3350 lows would indicate the trend-line had given way with a new target down at support at 1.2950.…

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Added by LigaForex on February 12, 2013 at 1:34pm — No Comments

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