September 2013 Blog Posts (52)

USD/CHF: investors are worried

USD/CHF: investors are worried



Current trend



Last Friday the pair has broken through the support level at 0.9080, encouraging “bearish” sentiments. As for the fundamental data, Flash Manufacturing PMI will be published today. Besides, US government is under the threat of default. Politics can’t find an understanding regarding the national debt, and investors are getting nervous: US indices futures have opened the week with almost 1% of the decrease. News from… Continue

Added by AlexanderLF on September 30, 2013 at 4:13pm — No Comments

GBP/USD: the Pound is weakening

GBP/USD: the Pound is weakening



Current trend



At the end of last week the British currency has significantly grown against the USD. Even negative data on British GDP could not slacken upward movement. The rise was triggered by high demand for the Pound among investors and weakening of the USD due to dampened expectations of growth in the US GDP.

This week uptrend continues and the pair has reached the local highs of 1.6180. The data on mortgage and… Continue

Added by AlexanderLF on September 30, 2013 at 4:10pm — No Comments

Obama Wants Sanctions Off Iran: Oil Prices Go Down Worldwide

As reported by Market Leader (US)

The USA seems to feel some external-policy shock after Russia managed to persuade Syria to get rid of chemical weapons, thereby canceling a US-led military campaign against Asad and its army. The US “educational” policies are now off the rails and have to be reconsidered.



President Obama is reported to have…

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Added by Evgeny on September 30, 2013 at 3:51pm — No Comments

EUR/USD: Euro will decline

EUR/USD: Euro will decline



Current trend



Following the US Fed’s statement that asset purchase program would not be reduced, the pair once again hit the highs of 1.3565. However, uptrend was short-lived and European currency returned to support level of 1.3460. It is likely that today the pair will trade in the narrow channel, moving slowly. Next week the US data on a number of jobs excluding agricultural sector will become known, which can change movement… Continue

Added by AlexanderLF on September 27, 2013 at 3:38pm — No Comments

Forex: Ichimoku Clouds. Review of XAU/USD

Forex: Ichimoku Clouds. Review of XAU/USD



XAU/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen line from below under the cloud, forming Golden Cross pattern. However upward impetus wasn’t enough and the price is still under Tenkan-sen line (1328.988). Though Kijun-sen line (1322.37) keeps the pair from falling. Chinkou Span line is approaching the price chart from below, current Kumo is descending.…



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Added by AlexanderLF on September 27, 2013 at 3:31pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend



The rate of crude oil Brent has been falling since the beginning of the European session. Black Gold is under pressure of fundamental data. UN negotiates with Iran about uranium enrichment program, and the President of Iran intends to conclude an agreement with international organization. Reduction of tension between Iran and international community makes oil cheaper.

Another factor is US Energy Information… Continue

Added by AlexanderLF on September 26, 2013 at 4:54pm — No Comments

EUR/USD: Jacob Lew predicts bankruptcy of the U.S.

EUR/USD: Jacob Lew predicts bankruptcy of the U.S.



Current trend



Yesterday, the pair again failed to break down the level of 1.3458. However, it is too early to speak about upward correction or trend reversal. The data on American GDP and number of applications for unemployment benefits will be released today. It is expected that GDP will amount to 0.2%, while number of applications for unemployment benefits will increase by 10 thousand. These indices along… Continue

Added by AlexanderLF on September 26, 2013 at 4:25pm — No Comments

GBP/USD: USD is heading for strengthening

GBP/USD: USD is heading for strengthening



Current trend



On Tuesday the pair GBP/USD declined due to the rise in the USD. American statistics of construction sector was positive and members of Open Market Committee indicate that the cut in the volume of QE3 will take place in the near future. Tomorrow the data on the US GDP will become known; experts predict the rise in index by 0.1-0.2%, which will give additional support to the USD.

British statistics… Continue

Added by AlexanderLF on September 25, 2013 at 4:19pm — No Comments

NZD/USD: the pair has switched to the decline

NZD/USD: the pair has switched to the decline



Current trend



This week, quotes of the pair are declining. American dollar is regaining losses, caused by US Fed decision to extend validity of the quantitative easing program. Today the price has reached the weekly highs at the level of 0.8218. Additional pressure on the NZD was caused by the negative data on the rise in trade balance deficit in New Zealand, which has reached 1191 million NZD in… Continue

Added by AlexanderLF on September 25, 2013 at 4:01pm — No Comments

USD/CAD: news from the New World will cause another wave of decline

USD/CAD: news from the New World will cause another wave of decline



Current trend



Since last Friday the pair has been trading near the upper limit of the descending channel, preparing to decline further down. The development of a new wave in the “bearish” movement will be supported by macro-economic statistics from US and Canada. It is expected that retail sales in Canada will grow up to 0.6%, while consumer confidence index in the USA will drop.

If the… Continue

Added by AlexanderLF on September 24, 2013 at 2:27pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD



AUD/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen line from above, forming Dead Cross pattern. However downward impetus wasn’t strong enough and the price is still stuck between red line and blue one. Chinkou Span is above the price chart; current cloud is ascending. The closest resistance level is Kijun-sen line at 0.9432. If the price continues its fall, the next support will be at the… Continue

Added by AlexanderLF on September 24, 2013 at 1:51pm — No Comments

How To Trade The Chinese RMB

In September the Chinese Yuan (CNY) broke into the ranks of the most traded currencies in the world. Once again demonstrating the importance of the second biggest economy in the world. It also highlighted how rapidly the Chinese foreign exchange market has grown. In breaking into the top ten of most traded currencies the CNY now surpasses well known international currencies such as the NZD and SEK. Read on and learn more about the CNY and how you can trade the Chinese…

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Added by Michael Markarian on September 23, 2013 at 7:09pm — No Comments

GBP/USD: Dollar will slowly strengthen

GBP/USD: Dollar will slowly strengthen



Current trend

At the end of last week the British currency gradually lost its positions against the USD. Weak macro-economic British statistics and decreasing demand for the overbought Pound was dragging the currency down. New trading week started with the growth due to negative data on European currency. Investors rushed to sell Euro and buy the British currency, so the pair GBP/USD rose up to the level of 1.6050.

Today… Continue

Added by AlexanderLF on September 23, 2013 at 1:56pm — No Comments

XAG/USD: технический анализ

XAG/USD: технический анализ



Текущая динамика

В первой половине прошлой недели серебро торговалось в узком диапазоне, но после резкого скачка в среду цена на металл выросла до уровня 23.40. К концу недели пара XAG/USD вновь опустилась и сейчас торгуется в районе 21.75. Мощной поддержкой является уровень 21.55, совпадающий с уровнем Фибоначчи 61,8%. «Медведи» несколько раз пытались преодолеть этот уровень, но их попытки не увенчались успехом.

Стохастик находится… Continue

Added by AlexanderLF on September 23, 2013 at 11:16am — No Comments

XAU/USD: review and forecast

XAU/USD: review and forecast



Current trend



Recent FOMC decision to keep interest rate at the same level as well as the volumes of QE program has given a major impetus to commodity market. Fed Reserve has also lowered the numbers of estimated economic growth, ensuring investors that stimulating monetary policy will go on.

Today the price of the instrument has consolidated around the level of 23.6% of Fibonacci lines (1355.00). Further movement of the… Continue

Added by AlexanderLF on September 20, 2013 at 4:45pm — No Comments

Using Filters When Trading Forex

Traders are fond of creating complex systems composed of sophisticated technical indicators, but novice traders often neglect a solid system’s key component: the filter. A system’s filter limits the trader’s exposure to risk while still allowing the system to provide a satisfying number of signals. As such, a filter, coupled with sound money management, can tilt the odds in the trader’s favor in the long term.

 

One type of filter utilized by many…

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Added by Michael Markarian on September 20, 2013 at 4:41pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend



The main reason for the rise of Euro is the decision of the US Fed not to change the volume of quantitative easing, keeping it at the level of 85 billion USD per month. According to the FRS chairman, growth rate of the US economy can slow down this year; therefore it is very risky to reduce QE3. Unemployment claims has increased by 15 000 last week, it is an additional signal of decline of the US business… Continue

Added by AlexanderLF on September 20, 2013 at 2:42pm — No Comments

Selling Structured Settlements – What to Know before You Sell

On the surface, a structured settlement seems like a good way to go (and that’s generally the opinion of the government, which makes these types of settlements mandatory in most cases). For some people, it can be a good option, as it prevents them from spending the full amount as soon as they get their hands on it. However, it’s not that beneficial for most people and you might quickly find that rather than being a blessing, your structured settlement is actually something of a curse. While…

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Added by Sam Wexler on September 20, 2013 at 11:19am — No Comments

GBP/USD: QE3 program will not be cut back

GBP/USD: QE3 program will not be cut back



1. Current trend





Despite the forecasts, the US Fed leaders led by Ben Bernanke decided to leave volume of program to purchase state bonds at the previous level. As a result the pair GBP/USD hit several strong resistance levels on its way and sharply soared up to the level of 1.6160. However today, following the release of poor data on British retail sales the pair went down. Now the British currency traded at… Continue

Added by AlexanderLF on September 19, 2013 at 2:06pm — No Comments

Forex: Ichimoku Clouds. Review of NZD/USD

Forex: Ichimoku Clouds. Review of NZD/USD



NZD/USD, H4



On the four-hour chart Tenkan-sen line is above Kijun-sen and they are both directed upwards. Chinkou Span is above the price chart; current cloud is ascending. The price has overcome the levels of Tenkan-sen and Kijun-sen. The next obstacle for the price on its way up will be May maximum of the Chinkou Span line at 0.8456. The nearest support level is still Tenkan-Sen line (0.8313).…



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Added by AlexanderLF on September 19, 2013 at 1:32pm — No Comments

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