Forex trading

Rand Advances as Recession Officially Ends

2009-11-24T05:56:00.002-08:00

The South African rand, one of the best performing emergent market currencies in 2009 fueled by a commodities prices rally, extended its gains further today as a report published showed that the country’s economy returned to growth, adding attractiveness for the already winning rand this year.

The official quarterly report published today indicating that South Africa emerged from the worst recession in 17 years helping the rand to advance versus several currencies, since the country ended a crisis that reflected in 3 consecutive negative quarterly reports as the situation improved with World Cup roads and building constructions, manufacturing improved, and the demand for metallic commodities, specially gold and platinum which the South Africa is among the biggest world supplies, rose internationally, as different regions of the world also found its way out of recession accelerating the synergistic process of recovery for South Africa. Even if forecasts already expected the economy to grow, the 0.9 percent of the actual report surprised economists that suggested a rate of 0.5 percent.

The rebounding economic figures of South Africa are definitely adding confidence to traders willing to invest in the country, according to analysts. Even though the quarterly figures are positive, the main factor behind the rand’s strength this year still remains the demand for metallic commodities and high-yield worldwide.

USD/ZAR traded at 7.4650 as of 13:39 GMT from a previous close yesterday of 7.4750.

Commodities Force Brazilian Real Up

2009-11-24T05:56:00.001-08:00

After a losing week versus the U.S. dollar and the euro, the Brazilian currency had a rebound today as optimism returned to markets bringing investors to inject capital in emergent economies, providing support for the Brazilian real to advance versus several main traded currencies.

The real finally gained today after 4 consecutive days losing versus the greenback as commodities rebounded today thanks to optimism regarding the economic growth forecast for the biggest economy in Latin America, attracting investors to purchase assets in Brazil and maintaining the real as the best performer among 16 main traded currencies in foreign-exchange markets this year.

USD/BRL traded at 1.7250 as of 17:55 GMT from an opening rate of 1.7310.

Canadian Dollar Rebounds on Gold, Oil

2009-11-24T05:55:00.000-08:00

After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.

The Canadian currency is highly influenced by stocks and commodities prices due to its high-yielding commodity exporter economic profile, and today, as the gold rose vertically and the crude oil rebounded after several negative sessions, helping the loonie to revert a losing trend posting the highest gains in 2 weeks.

USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.

Trading Without Indicators: Forecast GBP/USD 18th Nov

2009-11-18T00:38:00.001-08:00

All my forecasts are made daily Forex without using indicators. If you've been following my prediction, you know I only use the drawing 2 parallel lines with each other to determine the trend. Traders can consider short GBP / USD if it is open below 1.6818 (lower band of the uptrend line) and trade below the opening price.

Swedish Krona Posts Biggest Fall in 2 Weeks

2009-11-18T00:35:00.001-08:00

Following the statements of the IMF on a slower pace than expected global economic recovery, the Swedish krona fell against the U.S. dollar strong, as traders opted for safety in a rather turbulent trading session . Several worse than expected U.S. economic reports published today, the decline in attractiveness of currencies as the krona, as the country relies on a quick economic recovery to save its banking system, which is very tied to countries facing a sharp recession, as countries Baltic states of Lithuania and Latvia, forcing the crown down against the euro and the Dollar .

Chilean Peso Remains Bullish on Central Bank Statement

2009-11-18T00:30:00.000-08:00

The Chilean currency once again managed to break a record this Tuesday after the central bank, confirmed that interest rates remain in the country at a record level for the next semester, improving the demand for pesos, asset prices. The peso has taken one in a big week as virtually every national and international events for the Chilean currency. Apart from the national central bank statement on interest rates, the rates of copper, extremely influential in the peso price are increasing significantly, providing weight and high against U.S. dollar . since July 2008.

Daily Forex Trade Signal: GBP/USD 17th November

2009-11-17T04:08:00.000-08:00

Pound has been bullish against the USD. Yesterday Libra still form a bullish U.S. dollar Aginst.

Trader can consider the point of following:

The range for the pound is 1.6823 to 1.6997.
If the pound open within the previous range and trade above the opening price you can go with Long poistion
If open book trade below 1.6823 (lower band of upward trend) can short GBP / USD

Chilean Peso Breaks Another Record on Copper Rise

2009-11-16T09:59:00.001-08:00

The main Chilean export metal provided support for the weight to reach the highest level in 16 months against the dollar as demand for copper is higher after the world's economies showed signs of recovery on Monday.

Appetite for risk in commercial markets remained high on Monday after Japan reported a higher than expected quarterly growth, increasing the attractiveness of emerging market assets and support for the weight of set another record low against the dollar U.S. less attractive, which lost to most major major currencies today.

USD / CLP traded at 496.55 as of 17:19 GMT from an opening rate of 501.90.

Growth Forecast Sets Brazilian Real High

2009-11-16T09:57:00.001-08:00

Today Brazililian real benefited from positive developments in national and international worldwide risk appetite, keep the Brazilian currency as the currency the best performer among the major traded on currency markets in 2009.

Brazilian stocks rose and world today after the yen grew stronger than expected and most analysts agree that the economy of South America will grow more than imagined in 2010, forcing the real up front most major currencies traded on Monday.

USD / BRL traded at 1.7092 as of 16:59 GMT from an opening rate of 1.7225 today.

Bullish Week Start for Canadian Dollar on Stocks

2009-11-16T09:55:00.001-08:00

The Canadian dollar continued its climb from the previous week on Monday as risk appetite remained strong worldwide, rising demand for Canadian exports and create an attractive setting in the securities markets of Toronto, as appeal security refused, forcing the currency down.

The Asia Pacific Economic Cooperation forum agreed that the stimulus for the economies become stronger should remain for a certain period of time, causing an increase in risk appetite on Monday, as these measures tend to provide a faster recovery in global economic regions, which led investors to bet on a Canadian currency more attractive as an economic recovery is likely to quickly raise the demand for Canadian energy and metallic so that capital inflows to the North American nation. Japan had a higher than expected quarterly economic growth this morning in Tokyo, which also improved market confidence in Asia, reducing the appeal to the U.S. dollar, which lost against its Canadian counterpart, but all the other major currencies traded.

The Canadian dollar is benefiting from optimism among investors, although the Bank of Canada is still against a strong currency that could slow down the economic process of the nation. The call of encouragement to continue essential for the Canadian dollar to rise further, and its likely that this trend will continue in the coming days until a change in market sentiment goes.

USD / CAD traded at 1.0455 as of 16:22 GMT from a previous rate of 1.0535 when the markets opened yesterday.
CAD / JPY was trading at 85.48 from 85.92.

Japan Growth Force Greenback Down

2009-11-16T09:53:00.001-08:00

The U.S. dollar started this week to lose to his Canadian counterpart and the euro, the economy of the richest in Asia recorded an unexpected quarterly growth, indicating traders that economic conditions in Asia are improving capital flows to the conduct of high-performance options.

The U.S. currency had a poor performance on Monday, after the Japanese economy registered a preliminary GDP growth of 1.2 percent for the third quarter of this year, a level much higher than forecast 0.7 percent, create a scenario of risk appetite in Asia, which favored greater foreign exchange earnings as the Australian dollar and the kiwi, and set the profile on appeal to the U.S. dollar down, as Japan was still one of the slowest economies rebound from the global depression, a fact that has changed today support for Japanese stocks to rally strongly. The yen also gained against the dollar as investors are repatriating assets to the Asian nation.

The dollar began another week of fliriting with the $ 1.50 level against the euro, and its likely that this level will again be surpassed as risk appetite started strong again this Monday, according to analysts. The world economy still has room for acute rebounds and traders affects the feeling in a way that will be for performance, and that's a dollar-negative factor that is likely to occur in the coming months.

EUR / USD traded at 1.4974 as of 15:21 GMT at 1.4946 when the markets opened yesterday. USD / JPY was trading at 89.40 from 89.60.

Daily Forex Trade Signal: GBP/USD 16th November

2009-11-16T00:23:00.000-08:00

Pound end of the week with a change in trend from the bottom upward trend.
Range from 1.6650 to 1.6784 today
Traders can consider the input of the next
If GBP / USD open within the previous range and trading above the opening price, a trader can take too long.

Canadian Dollar Bullish Versus U.S. Counterpart

2009-11-15T06:22:00.001-08:00

The Canadian dollar had a second week of gains against its U.S. counterpart especially in risk appetite con Friday as the major European economies recorded a quarterly growth in favor of commodity exporting countries currencies like the Canadian dollar in foreign exchange markets.

The Canadian dollar extended its gains before the end of the session this week as the trade balance registered a deficit of national decline the previous month, indicating that exports may exceed the imports in the medium term future, as demand for Canadian products are increasing while the main recovery of economies worldwide. The balance of U.S. trade figures deteriorated beyond expectations, which also allowed the Canadian dollar to gain more ground against the dollar, while the Bank of Canada continues to insist that a strong currency can slow the recovery process in Canada. U.S. stocks rallied the world, promoting further the profile of the Canadian currency.

This week was quite unstable, with levels of risk appetite plays an important role in Canadian currency. In Friday's session for several reasons provided support for the Canadian dollar to continue to grow, and it is likely that if the risk appetite remains strong among merchants, the Canadian dollar once again rally towards parity with its counterpart U.S..

USD / CAD closed the week at 1.0512 from 1.0738 at the start of the week.

Brazilian Real Ends Losing Streak on Global Optimism

2009-11-13T21:20:00.001-08:00

After speculation suggesting that the Brazilian currency will suffer new national central bank intervention to halt the rally, the real had a negative performance this week that just ended today after global optimism increased the attractiveness of assets in markets emerging.

The Brazilian real has managed to raise over 1 percent against the U.S. before the end of today's meeting as positive data in Europe and Asia forced the demand for commodities and increased risk appetite, with investors to inject capital into Brazil, despite speculation that other measures to halt rally currency adopted.

USD / BRL 1.7269 closed at a rate of opening of 1.7345.

Chilean Peso Posts Biggest Gains Since June

2009-11-13T21:18:00.001-08:00

The Chilean peso had the biggest weekly gain in 5 months after the central bank announced no action to stop the manifestation of the coin, leaving speculation that government intervention will shun investors from the South American nation.

After a statement of government interest rate policy in Chile that did not mention that a strong peso could threaten economic recovery in the country, the Chilean currency managed to extend its gains at higher levels making this week to be peak of the 5-day winning streak since June.

USD / CLP closed the week at 502.05 an opening rate of 507.45 on Friday.

British Pound High on Giant Airlines Fusion

2009-11-13T06:32:00.000-08:00

The pound had an excellent performance at the beginning of the session Friday, as talk that the largest airline in the country will merge another European giant in the sector brought optimism to the London stock market by making the pound is benefiting from a positive scenario.

After British Airways Plc and Spain's Iberia Lineas Aereas SA, two of the biggest airlines in Europe decided to merge the books for the week third consecutive victory against the U.S. dollar and gained against the euro, which some speculation it could reach parity with the pound in the medium term future. A tone of optimism in Britain today on the economic recovery in the country coming slower than in other European countries provided support for the FTSE 100 index to post a second consecutive week of increases, giving a respite to the pound is finally having a more sustained growth in recent weeks.

Economic recovery in Britain is affecting the markets finally feeling the merger of 2 groups of airline giant, is evidence that fuses others to follow as the economy continues to grow, which is definitely conducive not only for the currency British, but also in the populations of London, which have become attractive than shares in other financial centers of Europe such as Paris or Frankfurt.

EUR / GBP was quoted at 0.8915 as of 13:27 GMT from a previous rate of 0.9017 in intraday comparison. GBP / USD was trading at 1.6682 from 1.6545 yesterday.

Dollar Down After Significant Rally

2009-11-13T06:30:00.001-08:00

This week has been very volatile for the U.S. dollar as different events moved market confidence among traders, forcing the dollar slightly down today after it rebounded from the lowest levels in 2009 against the euro yesterday.

The U.S. dollar I had the strength to continue winning streak yesterday as several reports, especially from Europe brought the risk appetite to once again attract market traders to price in euros of assets such as Germany, the economy richer and more relevant in the euro area increased further in the third quarter and France also reported positive numbers, indicating that recovery in the region is strong and is supported by fundamental factors. A report in the U.S. Is likely to show any improvement in consumer confidence in the U.S., diminishing the appeal for safer currencies such as dollars and yen, so be among the big losers in today's currency markets.

The German quarterly economic figures were regarded with great expectations among traders, since it was not clear whether the figures repeat last quarter, causing risk aversion to rise, but after the reports released, even if the number of Europeans were not as high as analysts suggested that the positive numbers and it was a relief in the markets of the region, helping the euro to fall yesterday slash part.

EUR / USD traded at 1.4884 as of 11:34 GMT at 1.4815 hours before European quarterly reports. AUD / USD 0.9206 to 0.9286 acquired.

Aussie Dollar Extends Record High on Jobs Data

2009-11-12T05:05:00.000-08:00

The Australian dollar continued its rally to set a new annual record in 2009 after a report indicated a number of jobs added monthly improvement in October, suggesting that the central bank is likely to continue its current policy of rate hikes for the next meeting.

The Australian dollar, along with the Japanese yen were the biggest winners Thursday as risk appetite decreased, favoring the yen's profile and a safe haven in Australia report showed an increase in the number of jobs added in October, helping Australians to play a two-week high against the yen and the highest level in 15 months against its U.S. counterpart and sterling. The Australian dollar has been ranked as the second best performance in 2009 among the 16 major currencies traded, thanks to the economic resilience of the country and the early decision of the Reserve Bank of Australia to start a monthly consecutive interest rate is likely to be a record 3 months directly if confirmed in December.

Analysts are very optimistic that the report of this type of employment will be essential to support the central bank to continue its policy interest rates rise, as favorable employment data are a clear signal of stability and recovery of any economy leaving a period of recession.

AUD / CAD traded at 0.9772 as of 12:46 GMT from a previous rate of 0.9731 yesterday.

Daily Forex Trade Signal: GBP/USD 12th November

2009-11-12T01:48:00.000-08:00

pound continues as planned shut down. Yesterday pound still form a pattern of downtrend.
So how are we going to trade today? My business idea is as follows
Based on the norm, if only trade within the channel open pound bass. Short book if I listed below the opening price of 1.6572 (in the downtrend channel).

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2009-11-11T04:54:00.000-08:00

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Daily Forex Trade Signal: GBP/USD 11th November

2009-11-11T02:13:00.000-08:00

Yesterday traders selling GBP / USD could easily profited 100 pips before the London Stock Exchange opened. The GBP closed to form a low investment trend of the previous days of gain.
Operators who has no position could consider the idea next trade.
If EUR / USD below 1.6782 and below the opening price can go short GBP
But if the trade above 1.6728 pounds sterling and above the opening price can go a long position

Crude Oil Above $80 Forces Canadian Dollar Up

2009-11-11T01:31:00.000-08:00

Canada is a major supplier of oil to the U.S., and as the barrel passed the milestone of $ 80 dollars, the Canadian currency found support for expanding its previous earnings, investors buy back assets in Spain, promoting the Canadian dollar in the currency markets.

Although the Bank of Canada position against a strong Canadian dollar, the Canadian currency is rallying once again as crude oil, a major export of the nation is extending its march, after touching the psychologically important mark $ 80 per barrel, increasing the attractiveness of the Canadian dollar increased as compared with over 16 major currencies traded today.

USD / CAD traded at 1.0515 as of 16:51 from a previous rate of 1.0555 in intraday.

Chilean Peso Hits Record High on 2010 Growth Report

2009-11-11T01:29:00.000-08:00

The commodity export economy of Chile is to grow more of what is expected for next year in a report released today which helped the currency to reach the highest level in 2009 against the U.S. dollar .

The peso managed to reach the highest level in 15 months today after the central bank said via a report that the economy can grow up to 4.4 in the coming year, indicating that the booming South American nation was able to recover world full of depression.

USD / CLP traded at 507.25 as of 16:33 GMT from an opening rate of 512.45 today.

Dollar Rises From Record Low

2009-11-11T01:28:00.001-08:00

After being traded to the lowest level in 15 months yesterday, the dollar recovered particularly against higher-performance options, as traders said that the devaluation of U.S. currency might be too high and not compatible with national and global economic fundamentals, giving a respite to the dollar.

The dollar managed to reduce some of its losses today as market sentiment shifted upward pattern yesterday, strong, and some of their main rivals in the U.S. currency had some internal problems that influenced their results Tuesday at commercial markets. Sterling witnessed a significant fall was later partially corrected against the dollar as the division of Fitch Ratings affirmed the financial conglomerate that monetary health in Britain is far from optimal and the country may experience a reduction in rates, that could cause a very negative trend for the currency of the United Kingdom. The Brazilian real against the dollar lost 16 major currencies traded as concerns emerged the Government to extend the taxes on foreign investors to identify the national currency to rise further.

Analysts believe today's rebound in U.S. currency as a normal corrective movement, not necessarily leading the dollar to fall further in the coming days, when in reality could touch a new low this year.

EUR / USD traded at 1.4955 as of 16:24 GMT from a previous rate of 1.5021 yesterday. GBP / USD was trading at 1.6692 from 1.6843 yesterday.

Pound Declines on Pessimistic Credit Rating

2009-11-10T05:13:00.000-08:00

The pound fell against most of the 16 major currencies traded after one of the most respected financial institutions in the world said the credit situation in the UK remains one of the most sensitive among the rich nations, reducing the attractiveness of the British currency.

The attraction of UK assets and the currency had a negative impact as Fitch Ratings today said the situation in Britain is the least optimistic of countries rated by Fitch as AAA Group, noting especially that the country needs a big budget to achieve stabilization adjustment. Standard & Poor's, one of the most influential financial groups in the world, also emphasized the fact that the British monetary system faces complications, and a downgrade of UK investment would not be surprising, decreasing even more attractive among traders to inject capital in the British Isles, who have suffered consecutive negative economic developments in recent months.

Analysts say that if the credit rating of the UK actually suffer a cut, seriously influence the movements of the pound, as the psychological consequences would extend to a much deeper level, traders fleeing not only currency options in the UK but also stocks and investments in general in the country.

GBP / USD traded at 1.6692 as of 10:38 GMT from as high as 1.6843 yesterday. EUR / GBP rose to 0.8989 from 0.8921 in intraday