http://www.blogigo.de/ForexGen_Accounts ForexGen offers the swap-free accounts. Swaps will not be applied to ForexGen accounts. en forexgen10 forexgen10 Sun, 28 Dec 2008 20:54:43 +0100 daily 1 Fundamental Outlook for British Pound: Bearish - 3Q GDP Revised to -0.6% from -0.5% - British Pound Tests Record Low Against Euro The British Pound continued its move towards parity against the Euro and slid lower against the U.S. Dollar ahead of the New Year, which suggests that investors remain bearish against the currency as market participants widely expect the Bank of England to lower borrowing costs even further in January. Nevertheless, financial uncertainties paired with the ongoing downturn in the housing sector is likely to stoke increased selling pressures for the currency over the near-term as the economic calendar continues to reflect a dour outlook for growth. The lowest interest rate since 1951 highlights the extraordinary efforts taken on by the central bank, and market participants anticipate policymakers to ease policy further as they do everything possible within their authority to mitigate the downturn in the economy . A Bloomberg News... Sun, 28 Dec 2008 20:54:43 +0100 http://www.blogigo.de/ForexGen_Accounts/British-Pound-Outlook-Remains-Bearish-Growth-Forecasts/49/ http://www.blogigo.de/ForexGen_Accounts/British-Pound-Outlook-Remains-Bearish-Growth-Forecasts/49/ The biggest mental hurdle facing newcomers to currencies , especially traders familiar with other markets, is getting their head around the idea that each currency trade consists of a simultaneous purchase and sale. In the stock market, for instance, if you buy 100 shares of Google, you own 100 shares and hope to see the price go up. When you want to exit that position, you simply sell what you bought earlier. Easy, right? But in currencies, the purchase of one currency involves the simultaneous sale of another currency. This is the exchange in foreign exchange . To put it another way, if you’re looking for the dollar to go higher, the question is “Higher against what?” The answer is another currency. In relative terms, if the dollar goes up against another currency, that other currency also has gone down against the dollar. To think of it in stockmarket terms, when you buy a stock, you’re selling cash, and when you sell a stock, you’re buying cash.... Thu, 25 Dec 2008 21:50:23 +0100 http://www.blogigo.de/ForexGen_Accounts/Buying-and-Selling-Simultaneously/48/ http://www.blogigo.de/ForexGen_Accounts/Buying-and-Selling-Simultaneously/48/ The U.S. dollar fell against its major trading partners Wednesday as investors digested a barrage of economic data ahead of the holiday. The euro edged higher against the dollar to trade at $1.4006, from $1.3950 late Tuesday in New York. The British pound remained weak against the dollar at $1.4752 from $1.4759. The pound fell sharply in the previous session after the U.K. government reported that the country's gross domestic product contracted by 0.6% in the third quarter. Against the Japanese yen, the dollar dipped to ¥90.50 from ¥90.89. "Markets are looking relatively quiet ahead of the holiday with the U.S. dollar generally weaker," said Steve Malyon, currency strategist at Scotia Capital in Toronto. He added that currency traders will be focused on economic data released earlier. Trading is expected to be light with many market participants on vacation. U.S. stock markets will close early at 1 p.m. ET and remain shut on Thursday for the Christmas holiday.... Wed, 24 Dec 2008 20:28:54 +0100 http://www.blogigo.de/ForexGen_Accounts/Dollar-Mixed-Against-Rivals/47/ http://www.blogigo.de/ForexGen_Accounts/Dollar-Mixed-Against-Rivals/47/ Euro Holds Near Record Highs Versus British Pound, Both Remain Under Pressure Against US Dollar The euro continues to trade near record highs versus the British pound , as the pair has done little but consolidate below 0.9500 - 0.9550. On the flip side, the individual currencies have gone relatively unchanged versus the US dollar , leaving EUR/USD to consolidate below 1.40 while GBP/USD has traded in a range of approximately 1.4700 - 1.4850. The moves came following the release of disappointing UK GDP revisions, as the economy actually contracted 0.6 percent during Q3 compared to initial estimates of a 0.5 percent contraction. The GDP figures confirm that the UK fell into recession for the first time since 1990-1991 as a result of the sharpest drop in consumer spending since 1995 and a decline in investment as the financial crisis took its toll. The Bank of England has already cut rates to 2.00 percent, the lowest since 1951, but this data only adds to speculation... Wed, 24 Dec 2008 01:45:28 +0100 http://www.blogigo.de/ForexGen_Accounts/Euro-Holds-Near-Record-Highs-Versus-British-Pound/46/ http://www.blogigo.de/ForexGen_Accounts/Euro-Holds-Near-Record-Highs-Versus-British-Pound/46/ American International Group Inc (NYSE:AIG - News) CEO Edward Liddy on Monday, defending retention bonuses, says it's the only way to keep good people, in an interview on CNBC. * AIG's Liddy says the company's done everything in a very transparent way-CNBC * AIG's Liddy says, if we owe the federal government money, "we want to pay it back" -- CNBC * Liddy says "we've laid out everything for lawmakers" -- CNBC * CEO says "we're very encouraged by the level of interest" for assets-CNBC * CEO says wants to get substantially more than 0.5 or 0.6 of book value for life insurers-CNBC * CEO says would like to pay back government in 2009-cnbc * Liddy says, "it's not our intent to hide anything or to frustrate members of congress" -- CNBC * CEO says if capital markets, credit markets were to continue to deteriorate, 'it's anyone's guess' what could happen-CNBC [ ForexGen Money... Mon, 22 Dec 2008 21:18:36 +0100 http://www.blogigo.de/ForexGen_Accounts/AIG-Liddy-Says-Would-Like-Pay-Back-Government/45/ http://www.blogigo.de/ForexGen_Accounts/AIG-Liddy-Says-Would-Like-Pay-Back-Government/45/ Investors could do their holiday shopping on Wall Street this week as bargain-basement prices for stocks and optimism over efforts to fight the year-long recession may prompt a year-end rally. But not even a Santa Claus rally to end the year can rescue 2008 from going into the books as the worst for stocks since the Great Depression, thanks to the body blow delivered by the housing market slump, credit crisis and, finally, recession. With just seven trading days left, the benchmark S&P 500 index is down 39.5 percent for the year, on pace perhaps to match Wall Street's second-worst year ever, 1937, when the S&P also plummeted nearly 39 percent. Should no rally develop next week, 2008 could well challenge 1931 -- when the S&P crashed 46 percent -- for the mantle of Wall Street's worst-ever year. That said, the slump in stocks has left them relatively cheap. And analysts are now more optimistic that unconventional recession-fighting efforts such as the... Sun, 21 Dec 2008 21:28:00 +0100 http://www.blogigo.de/ForexGen_Accounts/Stock-Investors-Hope-Santa-Touches-Down/44/ http://www.blogigo.de/ForexGen_Accounts/Stock-Investors-Hope-Santa-Touches-Down/44/ A massive flight to quality has left US 10-Year Treasury Bond Yields at their lowest levels on record—further emphasizing extreme risk aversion in global financial markets. Banks and other financial entities unwilling to lend to one another have desperately sought safe haven for funds, and US Government debt has largely been the instrument of choice for many investors. Such flows have not resulted in net demand for US Dollars, however, as we have actually seen the US currency fall substantially against major forex counterparts. US Treasury Bond Yields Hit Record Low The Euro/US Dollar pair has actually moved lock-step with 10-Year Treasury Bond prices through the past several weeks of trading. Bond prices move inversely to yield, and this chart shows us that falling Treasury yields have coincided with Euro /US Dollar gains. Whether or not this is a lasting shift remains to be seen, but record-low Treasury... Thu, 18 Dec 2008 21:01:00 +0100 http://www.blogigo.de/ForexGen_Accounts/Dollar-Plummets-Year-Treasury-Yields-Hit-Record-Lows/43/ http://www.blogigo.de/ForexGen_Accounts/Dollar-Plummets-Year-Treasury-Yields-Hit-Record-Lows/43/ Euro Soars Against US Dollar - Is This a Trend Change or Retracement? The Euro has registered some very impressive gains against the US dollar this week, adding nearly 5% in just the past two days. The pair is now re-testing the multi-year bullish trend line that had guided price action since 2002 and was broken to the downside at the beginning of October. This is the proverbial line in the sand: if the Euro manages to surpass this juncture, the bearish bias will be violated. However, the possibility remains that current EURUSD strength is corrective and the downtrend will resume following the re-test of support-turned-resistance. EURUSD Spot (Weekly): [ Why ForexGen ] 1. Lowest spreads in the market with 0- 1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation. 2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.... Wed, 17 Dec 2008 19:36:36 +0100 http://www.blogigo.de/ForexGen_Accounts/Euro-Soars-Against-US-Dollar/42/ http://www.blogigo.de/ForexGen_Accounts/Euro-Soars-Against-US-Dollar/42/ The US Dollar has been punished by heavy selling pressure in recent days. The US Dollar Index, an average of the greenback's value against six top currencies , has now retraced 50% of the most recent leg of the rally starting in late September (see chart below). Support is being reinfoced by a key upward-sloping trend line that has guided USD higher since the multi-year down trend changed gears at historic lows in mid-July. This will be a formidable hurdle for US dollar bears to overcome, with any signs of exhaustion in downward momentum in the coming days opening the door for USD bulls to add to existing positions or initiate new ones. US Dollar Index - Daily Chart [ ForexGen Live Accounts Contest ] Trade, Compete, and Win - Begins the 1st of Every Month! ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest, This is NOT a demo contest this is... Tue, 16 Dec 2008 19:41:10 +0100 http://www.blogigo.de/ForexGen_Accounts/Forex-Traders-Push-Dollar-Key-Support-the-Correction/41/ http://www.blogigo.de/ForexGen_Accounts/Forex-Traders-Push-Dollar-Key-Support-the-Correction/41/ I wrote last week that “the USDCHF is on its way to the lower end of the channel, which is at 1.1553 today and increases about 18 pips per day.” Trendline support is at 1.1580 today. Alt hough the rally from March low at .9634 is not the clearest 5 wave rally, the rally is in 5 waves and real life Elliott patterns are not always crystal clear, especially in their early stages. I mention early stages because the USDCHF rally from .9634 could be the first bull leg in a longer term uptrend. Even so, weakness would likely persist for the next several months in a path somewhat like the path I have mapped out. [ Why ForexGen? ] 1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation. 2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries. 3. ForexGen offers Forex trading in the major currency pairs and crosses. 4. Low capital start, with $250 as a... Mon, 15 Dec 2008 21:59:55 +0100 http://www.blogigo.de/ForexGen_Accounts/Swiss-Franc-Technical-Outlook/40/ http://www.blogigo.de/ForexGen_Accounts/Swiss-Franc-Technical-Outlook/40/ Ski resorts in Wyoming and Montana see downturn in bookings; answer with deals Wyoming and Montana ski resorts are rolling out deals to counter hard economic times that are cutting into their advance bookings. Skiers heading to the three ski resorts in the Jackson Hole region of northwest Wyoming can get a free airline ticket with the purchase of three airfares. The Whitefish Mountain Resort in northwest Montana is offering rental condos for half price through January. Incentives are being offered at other resorts as well. "I think what makes this year different is, of course, the economy , and the concern that people are really going to cut back on travel spending and so the packages this year are much more aggressive," Tim O'Donoghue, executive director of the Jackson Hole Chamber of Commerce. Nationwide, early sales and reservations figures for some destination ski resorts suggests the economy is putting a crimp on the $6 billion ski... Mon, 15 Dec 2008 19:46:14 +0100 http://www.blogigo.de/ForexGen_Accounts/Wyoming-Montana-Ski-Resorts-Adjust-to-Economy/39/ http://www.blogigo.de/ForexGen_Accounts/Wyoming-Montana-Ski-Resorts-Adjust-to-Economy/39/ The U.S. Federal Reserve is expected to drop interest rates close to zero on Tuesday, but anticipated remarks on unconventional methods to dispel a year-old recession are what will really matter. Economists forecast a clear statement that the U.S. central bank will aggressively deploy so-called quantitative easing measures to shelter the economy from a steepening downturn, but do not expect details of what steps it will actually take. Those words would accompany a decision by the Fed to lower its target for overnight rates by at least a half-percentage point, economists believe. A half-point cut would take the bellwether federal funds rate to just 0.5 percent, the lowest on records dating to July 1954, as the central bank battles a recession many think will stretch well into next year. The announcement is expected around 2:15 p.m. on Tuesday at the end of a two-day meeting. The gathering had initially been scheduled for a single day, but was extended so policy-makers could... Mon, 15 Dec 2008 02:58:45 +0100 http://www.blogigo.de/ForexGen_Accounts/Fed-To-Press-Rates-Toward-Zero/38/ http://www.blogigo.de/ForexGen_Accounts/Fed-To-Press-Rates-Toward-Zero/38/ Here Phi is Vajda's and Dunlap's tau ( ). phi here is Vajda's forexgen ( ) and Dunlap's . Phi phi = 1 Vajda page 51(3), Dunlap-65 Phi / phi = Phi + 1 - Phi + phi = 5 - phi / Phi = 1 – phi - Phi – phi = 1 - Phi = phi + 1 = 5 - phi - phi = Phi – 1 = 5 - Phi - Phi2 = Phi + 1 Vajda page 51(4), Dunlap-64 phi2 + phi = 1 Vajda page 51(4), Dunlap-64 Phin + 2 = Phin + 1 + Phin - phin = phin + 1 + phin + 2 - Golden Ratio with Fibonacci and Lucas Binet's Formula: where 5=Phi–(–phi) Phin – (–phi)n F(n) = 5 Vajda-58, Dunlap-69, Hoggatt-page 11, Binet(1843), De Moivre(1718), Lamé(1844) L(n) = Phin + (–phi)n Vajda-59, Dunlap-70 Phin F(n) = round ,if n>0 5 Vajda-62, Dunlap-71 corrected L(n) = round(Phin),if n>2 Vajda-63, Dunlap-72 –(–phi)–n F(–n) = round ,if n>0 5 - L(–n) = round( (–phi)–n ), n>3 - F(–n) = (–1)n + 1 round Phin ,if n>0 5 - L(–n) = round( (–Phi)n ), n>3 - F(n... Sat, 13 Dec 2008 00:26:00 +0100 http://www.blogigo.de/ForexGen_Accounts/Basic-Golden-Ratio-Identities/37/ http://www.blogigo.de/ForexGen_Accounts/Basic-Golden-Ratio-Identities/37/ Forex fundamental analysis involves examining the intrinsic value of a nationʼs currency based on economic news releases that reflect the strength, or weakness, of a countryʼs economy. Fundamental traders follow these news announcements, known as "fundamental indicators ," because they paint a picture of a currency's strength in relation to other countries. Fundamental indicators are reports that include statistical data on things such as employment, gross domestic product (GDP), international trade, retail sales, housing, manufacturing, and interest rates. The stability, growth, or decline in any of these sectors may have an effect – direct or indirect – on the value of a countryʼs currency. Central banks play a key role in the Forex market because they have the responsibility of changing the countryʼs "base" interest rate. A central bank has to find a fine balance when setting interest rates as it wants to maintain growth in the... Thu, 04 Dec 2008 21:38:58 +0100 http://www.blogigo.de/ForexGen_Accounts/Fundamental-Analysis-and-Financial-Statements/36/ http://www.blogigo.de/ForexGen_Accounts/Fundamental-Analysis-and-Financial-Statements/36/ Fundamental analysis can be defined as the macro or strategic assessment of where a currency should be trading based on the movement of the currency's price itself.This is often highly dependent on the economic condition of the country of that currency , monetary policy, and other " fundamental " elements. The analysis is performed on historical and present data, but the objective is to predict the future trend. Economy condition reflects how the country is attractive for foreign investments and capital inflow. In general it can be said that the better the macro economic indicators – the stronger the domestic currency is. According to Fundamental analysis, the markets may misprice in the short run but the "correct" price will eventually be reached. Profits can be made by trading the mispriced and then wait for the market to recognize its "mistake" and reprice the security. Traders may use fundamental analysis within different... Thu, 04 Dec 2008 21:06:20 +0100 http://www.blogigo.de/ForexGen_Accounts/Predicting-Future-Forex-Trends-For-Profits/35/ http://www.blogigo.de/ForexGen_Accounts/Predicting-Future-Forex-Trends-For-Profits/35/ There are two major methods of analysis used in forecasting the behavior of the Forex market ; they are Technical analysis and Fundamental analysis. They differ greatly but the trader can apply both to complement and supplement the study of the market for achieving superior results. They also have the same goal i.e. to predict a price or movement of the market. The technical analysis studies the effect while the fundamental analysis studies the cause of market movement. Fundamental Analysis has a very broad spectrum. One aspect looks at the general or qualitative factors; the other side considers tangible and measurable i.e. the quantitative factors. Use Fundamental Analysis With Technical Analysis In general the fundamental analysis method looks to forecast the future of price movements based on events that have not taken place yet. Important factors and statistical methods are used to predict how these events will affect supply and demand and the rates of the... Thu, 04 Dec 2008 20:37:37 +0100 http://www.blogigo.de/ForexGen_Accounts/Forex-Fundamental-Analysis/34/ http://www.blogigo.de/ForexGen_Accounts/Forex-Fundamental-Analysis/34/ US Dollar Under Pressure As Risk Sentiment Pushes Higher (Euro Open) The Euro climbed steadily higher overnight and the British Pound was not far behind as top Asian stock markets pushed higher despite a swath of dismal Japanese economic data. Equity index futures in Europe and the US point higher, suggesting the US dollar is likely to remain on the defensive. Key Overnight Developments • Japanese Economic Indicators Continue to Sink Lower • Euro, Pound Push Higher in Thin Holiday Trading Critical Levels The Euro climbed steadily higher overnight, topping the 1.29 once again to reach as high as 1.2956 before correcting into the 1.2930s. The British Pound was a bit late to the party: sterling spent most of the session in a well-defined 30-pip range but managed to pick up steam late into Asian market hours to retake the 1.54 level. Asia Session Highlights Recession was on... Fri, 28 Nov 2008 13:32:24 +0100 http://www.blogigo.de/ForexGen_Accounts/ForexGen-US-Dollar-Under-Pressure/33/ http://www.blogigo.de/ForexGen_Accounts/ForexGen-US-Dollar-Under-Pressure/33/ Global stocks hit two-week highs on Thursday with European equities playing catch up to strong gains overseas, but more grim economic reports briefly sent government bond yields in Europe to a fresh three-year low. Trading though is seen lackluster with Wall Street staying shut for the Thanksgiving Day holiday. Renewed expectations that Washington will bail out the U.S. motor industry and China's aggressive interest rate cut on Wednesday had helped lift some of the gloom surrounding the global economy . But there was no shortage of bleak news with two of Britain's high profile retailers DSG and Kingfisher posting downbeat results and weak outlooks, while a report showed euro zone economic sentiment plunged to a 15-year low this month. See A string of dismal U.S. economic reports this week has also caught up with the dollar, pushing it lower against a basket of major currencies, while political risk emerged after attacks in India's financial capital.... Thu, 27 Nov 2008 14:47:42 +0100 http://www.blogigo.de/ForexGen_Accounts/ForexGen-World-stocks-hit-2-week-highs/32/ http://www.blogigo.de/ForexGen_Accounts/ForexGen-World-stocks-hit-2-week-highs/32/ China warned on Thursday its economic downturn was deepening and pressure grew on the European Central Bank (ECB) to make a big cut in interest rates to help contain the global financial crisis. In India, emerging Asia's other economic titan, financial markets were closed after Islamist militants killed more than 100 people in the commercial capital Mumbai. Violence in India and political unrest in Thailand highlighted political risk as an extra potential threat to emerging markets battered by the global crisis. A crisis that began last year with the collapse of the U.S. housing market has spread around the world, bringing several financial institutions to their knees and pushing the United States, Japan and Europe into recession or to the brink of it. Central banks around the globe have slashed interest rates to try to ease the flow of credit and restart stalled economies. Economic sentiment in Europe's single currency zone slumped to 15-year lows... Thu, 27 Nov 2008 14:15:17 +0100 http://www.blogigo.de/ForexGen_Accounts/ForexGen-China-Downturn-Deepens/31/ http://www.blogigo.de/ForexGen_Accounts/ForexGen-China-Downturn-Deepens/31/ Dollar falls on discouraging US economic data as German consumer confidence shows improvement The dollar fell against the major currencies Tuesday as new data showed that American consumers curbed their spending at a rate unseen in 28 years, while a survey showed German consumer confidence improving slightly despite the wider economic gloom. The 15-nation euro bought $1.3022 in late New York trading, up from the $1.2877 it bought late Monday. The pound jumped to $1.5440 from $1.5115, while the dollar fell to 95.65 Japanese yen from 96.85 yen. Both the Dow Jones industrial average and Standard & Poor's 500 index rallied for a third straight session Tuesday as investors were encouraged by government plans to help unfreeze credit markets. The U.S. Treasury Department and the Federal Reserve said they planned to provide $800 billion to aid consumer lending companies and to make mortgage loans cheaper and more available. The dollar has tended this fall... Wed, 26 Nov 2008 13:31:47 +0100 http://www.blogigo.de/ForexGen_Accounts/ForexGen-Dollar-Falls-Discouraging-Economic-Data/30/ http://www.blogigo.de/ForexGen_Accounts/ForexGen-Dollar-Falls-Discouraging-Economic-Data/30/