The Profit Machine » Forex

US Market Update: Dow +43 S&P +2.9 NASDAQ -2.2

admin — Mon, 01 Feb 2010 06:36:25 +0000

US Market Update: Dow +43 S&P +2.9 NASDAQ -2.2
The surprisingly strong advance Q4 GDP data and better-than-expected confidence and regional PMI data added to early stock gains that were already being fueled by multiple strong earnings reports in the technology sector. If the final GDP reading comes in…
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http://fxtraders.eu/article.php?id=19542

Do not get too exited about the US GDP figures

admin — Mon, 01 Feb 2010 06:36:11 +0000

Do not get too exited about the US GDP figures
Five point seven percent. The US economy didn#8217;t grow that fast since the third quarter of 2003. Does that mean the crisis is definitely over and we just started a period of robust growth associated with many rates increases by the Fed? Not ……
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http://fxtraders.eu/article.php?id=19541

FX Trading – The Short Case for Dumping Gold Here

admin — Mon, 01 Feb 2010 06:35:57 +0000

FX Trading – The Short Case for Dumping Gold Here
I just love the Mae West quote above. Funny thing is that many gold bugs cling to the belief (any many marketers who should know better validate said belief) that someday we may return to a gold standard. Until politicians are willing to give back the p…
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http://fxtraders.eu/article.php?id=19540

Futures Technical’s

admin — Mon, 01 Feb 2010 06:35:44 +0000

Futures Technical’s
SP 500 Futures: The sigma channels have widened substantially over the last week as the selloff has gained momentum. We also note that the volume has expanded materially with last Friday#8217;s volume being the highest volume day since 20th of ……
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http://fxtraders.eu/article.php?id=19539

European market Update: Renewed rumors of a potential Greek bailout plan aids risk appetite

admin — Mon, 01 Feb 2010 06:35:30 +0000

European market Update: Renewed rumors of a potential Greek bailout plan aids risk appetite
In equities: Equities in Europe opened on a bounce-back from yesterday’s broad declines. Asian markets traded sharply negative with the ASX200 at 7-week lows. In early European trading, banks looked to recover from losses over the past 6 sessions ……
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http://fxtraders.eu/article.php?id=19538

KBC: CEE currencies holding up well despite rising risk aversion

admin — Mon, 01 Feb 2010 06:35:16 +0000

KBC: CEE currencies holding up well despite rising risk aversion
The EUR/CZK moved further north yesterday as the pair surprisingly decoupled from it regional peers. Given the lack of domestic moving factors the only reason for koruna weakening was rising risk aversion in core markets (especially widening credit spread…
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http://fxtraders.eu/article.php?id=19537

BFI: Currency market commentary

admin — Mon, 01 Feb 2010 06:34:59 +0000

BFI: Currency market commentary
EURUSD Due to quick reaction of demand from support at 1.3920 this currency rate was pick up to firm resistance at 1.3950 and gains of further 60 pips seems to be possible. So Today we suggest opening longs from this lower support with a stop loss ……
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http://fxtraders.eu/article.php?id=19536

Asian Market Update: Strong Samsung and Kia results, signs of recovery in Japan inflation and employment cannot revive equity rally; EUR/USD makes new lows; India raises Cash Reserve by 75bps above 50bps estimate

admin — Mon, 01 Feb 2010 06:34:45 +0000

Asian Market Update: Strong Samsung and Kia results, signs of recovery in Japan inflation and employment cannot revive equity rally; EUR/USD makes new lows; India raises Cash Reserve by 75bps above 50bps estimate
Signs of recovery in several economic data points in Japan and strong earnings results from some of the biggest Korean names could not shrug the bearish investor sentiment permeating global equity markets. In the final hour of Tokyo trading, Nikkei225 is …
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http://fxtraders.eu/article.php?id=19535

DAILY FOREX AND DOW JONES RECOMMENDED LEVELS

admin — Mon, 01 Feb 2010 06:34:31 +0000

DAILY FOREX AND DOW JONES RECOMMENDED LEVELS
EUR/USD Today#8217;s support: – 1.3961(main), where correction is possible. Break would give 1.3944, where correction also may be. Then follows 1.3920. Break of the latter would result in 1.3903. If…
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http://fxtraders.eu/article.php?id=19534

US Market Update: Dow -160 S&P -17 NASDAQ -51

admin — Mon, 01 Feb 2010 06:34:16 +0000

US Market Update: Dow -160 S&P -17 NASDAQ -51
Markets opened right at yesterday’s closing highs and then headed straight down as another round of strong corporate earnings failed to ward off risk aversion. With both weekly jobless claims and the December durable goods data worse than expected, ……
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http://fxtraders.eu/article.php?id=19533