December 2012 Blog Posts (45)

USD/CAD: Geithner to Take Extraordinary Measures to Postpone US default, Buoying Risk

Fiscal cliff talks resume today in Washington as US lawmakers continue to attempt to strike a deal before the government falls to the brunt of higher taxes and automatic spending cuts. Trades, thin though the volume may be, are looked forward to have some risk-taking and have the Canadian dollar appreciate further against the US currency.



With just three days of trading left till the end of the year and even with the uncertainty over the US fiscal cliff talks, market participants…

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Added by Amber Penton on December 27, 2012 at 4:14pm — No Comments

EUR/USD: Fiscal Cliff Apprehensions to Weaken the Euro

Amid the technical correction, the Euro is projected to wane opposite the US dollar today on fiscal cliff apprehensions in the United States. Banks are on a holiday in the Euro Zone in observance of St. Stephens Day, and most markets are trading thinly. With less than a week left before the United States goes over the fiscal cliff, investors are seen limiting their risk exposure and are likely to bank on safer assets.



Anxieties over what is believed to be a failed grand bargain…

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Added by Amber Penton on December 26, 2012 at 1:42pm — No Comments

How Does USA Manipulate Markets Through QE3?

As reported by Market Leader (US)

Mid 2012 can be called the time of hopes for most stock traders and investors around the globe, who were not in a hurry to trade big and preferred to wait till the situation clarifies after multiple statements made by the ECB and the FRS.



At the same, the vector of commodity and stock markets indicated the domination of optimistic sentiments, even amid another round of quantitative easing…

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Added by Evgeny on December 19, 2012 at 4:26pm — No Comments

Forex4you Technical Analysis 19 December 2012

EUR/USD: continuation higher

The trend up continues, strengthened by the break of the 1.3168 highs. Price is now also starting to breach the upper channel line of the current rally - a sign of surprising strength. It is also breaking above the weekly and monthly pivots clustered at 1.3258. If these fail then the next upside target might be 1.3485; any weakness, however, would be likely to return to the 1.3230-40 consolidation zone.…

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Added by LigaForex on December 19, 2012 at 2:22pm — No Comments

EUR/USD: Greek Credit Rating Upgrade, German Ifo to Buoy the Euro

The Euro is believed to gain alongside the US dollar today after Standard & Poor’s raised Greece’s credit rating following its successful bond buyback program. Likewise, economic figures due out today are seen to suggest an improving outlook for the Euro Zone economy in the coming months. Over to the US, perceived progress in negotiations to avert the fiscal cliff is presumed to boost risk sentiment.



The S&P upgraded Greece’s credit rating by six notches yesterday, lifting…

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Added by Amber Penton on December 19, 2012 at 10:17am — No Comments

Who Runs Rating Agencies?

As reported by Market Leader (US)

The world has been disappointed with rating agencies since the 2008 global crisis broke out. Mass media started questioning the reliability of the information provided by those agencies.



How reliable and unbiased is the information provided by major rating agencies - Fitch, Standart&Poor's and Moody's? Let’s ponder on this question.



Rating Agencies –…

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Added by Evgeny on December 18, 2012 at 6:16pm — No Comments

Forex4you Technical Analysis 18 December 2012

EUR/USD: Technical Analysis

Eurodollar continues to consolidate in a pennant or triangle formation. It will probably eventually break higher, with a decisive move above the 1.3187 highs acting as confirmation, or possibly even 1.3195 for added safety. Then it should reach 1.3255 where the monthly and weekly pivots coincide. Obstacles below the pattern may impede downside, first at 1.3119 and then the consolidation zone between 1.3080 and 1.3110.…

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Added by LigaForex on December 18, 2012 at 1:59pm — No Comments

AUD/USD: Greenback to Pare Gains Against Aussie on Fiscal Cliff Hopes

With reports of a fiscal cliff deal closer to fruition, market confidence is perceived to wane the safety bet US dollar opposite the Australian currency in the New York exchanges today. Earlier losses by the Aussie after the Reserve Bank of Australia cited a softer labor market for cutting interest rates at this month’s meeting are projected to be pared on further signs of budget deal progress.



Hopeful signs of progress had US stocks accelerate their gains in the final hour of…

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Added by Amber Penton on December 18, 2012 at 1:27pm — No Comments

Important news for customers of HotForex

Due to popular demand, as of Monday, December 17th, 2012 withdrawal requests will be electronically submitted. Therefore, there will be no need for our clients to print and scan withdrawal forms since the withdrawal request will be submitted electronically via an online form within myHotForex.

Please note that this change only applies to trading accounts that are under myHotForex. We are very excited about this change as we believe it will streamline financial operations for…

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Added by Sam Wexler on December 16, 2012 at 11:00am — No Comments

EUR/GBP: Euro Gains as EU Officials Reach Breakthroughs

The Euro is perceived to maintain its incline alongside the Pound today as major breakthroughs in resolving the three-year-old debt crisis were achieved by European officials, managing to improve market sentiment. Essential gauges of the Euro Zone economy up for release today are likely to suggest that the region’s economy has already seen the worst. Meanwhile, Standard & Poor’s move to put the UK’s triple-A rating on a negative outlook is believed to weigh on the…

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Added by Amber Penton on December 14, 2012 at 9:59am — No Comments

Forex Chart Patterns: Falling Wedge & Ascending Channel Found in NZDUSD H1

Falling Wedge

Ascending Channel…

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Added by Anoop G on December 14, 2012 at 9:03am — No Comments

Rating of Ageing Nations

As reported by Market Leader (US)

Some self-proclaimed “experts” promote the idea of getting rid of retired people as some nations are aging while working population and pension funds are running low. They say that several nations are nearing a demographic disaster. Is the problem really so serious? Let’s have a closer look at the situation…



Aging Nations



It is common knowledge…

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Added by Evgeny on December 13, 2012 at 4:34pm — No Comments

Forex4you Technical Analysis 13 December 2012

EUR/USD: Technical Analysis

Eurodollar has been going sideways today with no firm trend in either direction. There may be a double top price pattern visible on the hourly chart, with a neckline at 1.3055 and a downside target at 1.3015. The short-term trend is still up, however, and favours more upside but any bullish potential is capped by resistance form the monthly pivot at 1.3120.…

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Added by LigaForex on December 13, 2012 at 3:24pm — No Comments

Forex Chart Patterns: Head & Shoulder Found

AUDUSD M15…

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Added by Anoop G on December 13, 2012 at 1:47pm — No Comments

Forex Chart Patterns: Head & Shoulder and Double Top Found

GBPUSD H1

EURUSD M15…

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Added by Anoop G on December 13, 2012 at 12:29pm — No Comments

Forex Chart Patterns: Five New Triangle Patterns Found

EURUSD DAILY



EURAUD DAILY…



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Added by Anoop G on December 13, 2012 at 10:54am — No Comments

FX Support & Resistance Zones - 13/Dec/2012

Added by Anoop G on December 13, 2012 at 8:47am — No Comments

New Chart Pattern [Falling Wedge] Found in EURUSD M15

EURUSD M15

Falling Wedge

Added by Anoop G on December 13, 2012 at 6:48am — No Comments

New Forex Chart Pattern [Triangle] Found in CHFJPY H4

CHFJPY H4

Added by Anoop G on December 12, 2012 at 5:01pm — No Comments

EUR/USD: Euro Sustains Gains on Upbeat Data and Greek Buyback Success

The Euro is deemed to maintain its advance against the US dollar today as surprisingly buoyant economic data are deemed to incite optimism that the Euro Zone economy is recovering. Meanwhile, reported progress in Greece’s debt buyback program is believed to finally clear the way for disbursement of needed loans for the debt-laden country.



In a report that largely surprised the markets, the German ZEW Economic Sentiment index rose from -15.7 points to 6.9 points in December,…

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Added by Amber Penton on December 12, 2012 at 10:47am — No Comments

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