http://www.blogigo.de/ForexGen_TradingBroker online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market en forexgen_trade forexgen_trade Sun, 28 Dec 2008 21:16:05 +0100 daily 1 Export-reliant Asian economies showed more signs of weakness on Friday, with Japan's industrial output diving at a record pace and South Korea warning it faces an "unprecedented crisis" as global demand wilts. Even the once unstoppable Chinese economy is feeling the strain, with companies recording a sharp slowdown in profit growth in the first 11 months of the year. On top of Japan's steep fall in industrial output in November, core consumer inflation fell faster than forecast last month, putting the shrinking economy on course for a spell of deflation next year. The grim outlook could push the Bank of Japan to implement unorthodox monetary easing measures as it has little room left to cut interest rates after reducing them to 0.10 percent last week. But Japan's Economics Minister Kaoru Yosano said he doubted that any so-called quantitative easing by the Bank of Japan would directly lead to an increase in loans to companies to get the economy... Sun, 28 Dec 2008 21:16:05 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Japan-Industrial-Output-Logs-Record-Fall/47/ http://www.blogigo.de/ForexGen_TradingBroker/Japan-Industrial-Output-Logs-Record-Fall/47/ China seeks to boost exports by allowing yuan to be used in some foreign trade transactions China will launch a pilot project allowing its currency to be used in some international trade transactions, the government announced, a move aimed at shoring up the country's battered exporters. The program would permit use of the yuan in trade between the self-governed Chinese territories of Hong Kong and Macau and the heart of the mainland export industry, Guangdong province and the Yangtze River delta, the central government Web site said in a statement late Wednesday. The statement also said transactions would be allowed between the southwestern Chinese regions of Yunnan and Guangxi and the 10-member Association of Southeast Asian Nations. Other details were not announced, and it was not known when the program would begin, how long it would last or what mechanisms would be put in place to allow the money flow back and forth. The program was one of several economic... Thu, 25 Dec 2008 23:41:36 +0100 http://www.blogigo.de/ForexGen_TradingBroker/China-to-Let-Yuan-be-Used-in-Some-Export-Deals/46/ http://www.blogigo.de/ForexGen_TradingBroker/China-to-Let-Yuan-be-Used-in-Some-Export-Deals/46/ US Personal Spending Contracts for 5th Straight Month as Jobless Claims Hold Near 26-Year Highs The US dollar has edged lower this morning, but for what it's worth, the majors remain range bound amidst low volume trading ahead of the holidays. Focusing on EUR/USD in particular, the pair has been trading within a 200 point range since the start of the week and a 100 point range since Monday morning. EUR/USD (Intraday Chart) Meanwhile, US economic data has been broadly disappointing, as personal income and spending both fell negative during the month of November. Indeed, personal income slumped 0.2 percent, as deteriorating labor market conditions drive wages lower, while personal spending contracted for the fifth straight month at a rate of -0.6 percent. Such a decline in spending isn't entirely surprising given the latest US GDP figures for Q3, which reflected a 3.8 percent plunge in consumption, but does suggest that Q4 GDP results will be similarly... Wed, 24 Dec 2008 20:50:14 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Personal-Spending-Contracts-for-Straight-Month/45/ http://www.blogigo.de/ForexGen_TradingBroker/Personal-Spending-Contracts-for-Straight-Month/45/ Whether you are looking at the currency markets or stock markets, it is clear that most assets are drifting within well-defined ranges as trading remains muted, as is typical in the financial markets around the holidays. Indeed, since the start of the week, EUR/USD has consolidated into a range of 1.3920 - 1.4000, though we did see a high of 1.4125 reached early Monday morning. Likewise, the Dow Jones Industrial Average has yet to stray from its range of roughly 8370 - 9000, despite news that American Express received preliminary approval from the US Treasury to receive $3.39 billion in TARP funds. However, the first tranche of $350 billion has already been used to shore up financial institutions and to prevent GM and Chrysler from filing for bankruptcy, so the release of the second tranche will need be approved by Congress before American Express will receive their funding. [ Partnership With ForexGen ] ForexGen offers three types of business... Wed, 24 Dec 2008 01:25:19 +0100 http://www.blogigo.de/ForexGen_TradingBroker/EUR-USD-DJIA-Continue-Drift-Within-Well-Defined/44/ http://www.blogigo.de/ForexGen_TradingBroker/EUR-USD-DJIA-Continue-Drift-Within-Well-Defined/44/ The Euro pushed back above 1.4100 as the single currency has steadily climbed since Friday’s low of 1.3828 before a record low in industrial new orders reversed gains. October saw demand drop 4.7% after a revised 5.4% decline the month prior, dragging the annualized rate down by a record 15.1%. Talking Points • Japanese Yen: Finds Support at 89.70 • Pound: Losses continue • Euro: Falls On Drop In Industrial New Orders • US Dollar: Possible Auto Bailout Presents Event Risk Euro Momentum Stalled By Record Drop In Industrial New Orders The Euro pushed back above 1.4100 as the single currency has steadily climbed since Friday’s low of 1.3828 before a record low in industrial new orders reversed gains. October saw demand drop 4.7% after a revised 5.4% decline the month prior, dragging the annualized rate down by a record 15.1%. The Euro found early momentum from The Gfk German consumer confidence report showing that sentiment... Mon, 22 Dec 2008 22:09:24 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Euro-Momentum-Stalled-Record-Drop-Industrial-New-Orders/43/ http://www.blogigo.de/ForexGen_TradingBroker/Euro-Momentum-Stalled-Record-Drop-Industrial-New-Orders/43/ The European Central Bank is in a very different situation to the U.S. Federal Reserve, which has cut interest rates almost to zero, ECB executive board member Lorenzo Bini Smaghi said in an interview published on Sunday. Asked by the Rome daily Il Messaggero if the ECB is considering following the Fed's lead on rates, Bini Smaghi said the lending situation in the United States was worse than in Europe and warned about the risks of a too lax monetary policy. "The United States' situation is very different from Europe's ... the (U.S) transmission mechanism works less well," Bini Smaghi was quoted as saying. He pointed out that lending rates to businesses and consumers in the United States had remained as high as in the euro zone even though official Fed rates stand at just 0.00-0.25 percent compared with the ECB's key rate of 2.5 percent. "We must not forget that the current crisis was caused by a period of interest rates taken to a very low... Sun, 21 Dec 2008 22:29:40 +0100 http://www.blogigo.de/ForexGen_TradingBroker/ECB-Situation-Different-Fed-Rates-Bini-Smaghi/42/ http://www.blogigo.de/ForexGen_TradingBroker/ECB-Situation-Different-Fed-Rates-Bini-Smaghi/42/ Santa says economic woes evident among holiday shoppers in the most troubled housing markets Robert Ecker was bored with retirement, so he went back to work as a housing appraiser in Stockton, Calif. He trained four other appraisers during the real estate boom -- all of them are now out of the business. "Since the real estate market closed down, I grew a beard and now I'm doing this," said Ecker, dressed in the trademark red suit with white trim. "The older kids are asking for clothes now, rather than gifts," he said. "Most of them are asking for one gift." From Stockton to Miami, from ritzy Las Vegas to gritty Detroit, cities with the worst real estate markets led the U.S. economy into recession. Skidding home prices and soaring foreclosures have magnified the broader woes of unemployment, stock market turmoil and hard-to-get loans. Holiday shoppers are making a list, checking it twice, and then scratching off the nonessentials.... Thu, 18 Dec 2008 23:10:43 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Santa-Gets-Firsthand-Look-at-Consumer-Cutbacks/41/ http://www.blogigo.de/ForexGen_TradingBroker/Santa-Gets-Firsthand-Look-at-Consumer-Cutbacks/41/ Forex – What is it? The international currency market Forex is a special kind of the world financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration. The latter is a strong subject to the influence of any important for the human society event in the sphere of economy, politics and nature. Consequently current prices of foreign currencies evaluated for instance in the US dollars fluctuate towards its higher and lower meanings. Using these fluctuations in accordance with a known principle “buy cheaper – sell higher” traders obtain gains. Forex isdifferent in compare to all other sectors of the world financial system thanks to his heightened sensibility to a large and continuously changing number of factors, accessibility to all individual and corporative... Wed, 17 Dec 2008 20:40:44 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Foreign-Exchange-Part-The-World-Financial-Market/40/ http://www.blogigo.de/ForexGen_TradingBroker/Foreign-Exchange-Part-The-World-Financial-Market/40/ Dollar falls versus the yen in trading late Monday night The dollar slipped against the Japanese yen late Monday night. The greenback fell to 90.48 yen from the 90.60 yen it bought in late afternoon trading. On Friday, the dollar was worth 91.12 yen. [ ForexGen White Labels ] Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market. ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions. [ Full White Label ] We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold... Tue, 16 Dec 2008 20:05:40 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Dollar-Falls-Against-The-Yen-in-Night-Trading/39/ http://www.blogigo.de/ForexGen_TradingBroker/Dollar-Falls-Against-The-Yen-in-Night-Trading/39/ Fitch: More Challenges Await U.S. Homebuilders as Housing Downturn Enters Year 4 With the U.S. economy in a severe recession and housing likely to deteriorate more sharply in 2009, U.S. homebuilders are facing even more operational and financial pressures, according to Fitch Ratings, which took rating actions on its public U.S. homebuilder universe of 14 companies late last week, resulting in nine downgrades and five affirmations. Housing had stood out as one of the weakest sectors of (what was thought to be) a reasonably stable economy during the first three quarters of 2008. Affordability, wavering buyer confidence and significantly tighter mortgage standards, as well as still-considerable inventories of new and existing homes for sale (boosted by foreclosures) had severely restrained housing. But in the fall credit markets in the U.S. and in many other parts of the world froze, a condition that has barely eased. Already weak consumer confidence has plummeted. Job... Mon, 15 Dec 2008 20:12:30 +0100 http://www.blogigo.de/ForexGen_TradingBroker/More-Challenges-Await-U.S.-Homebuilders/38/ http://www.blogigo.de/ForexGen_TradingBroker/More-Challenges-Await-U.S.-Homebuilders/38/ Stocks advance on hopes for automaker rescue as Treasury says it will support Detroit Wall Street put on another impressive show of resilience Friday, rebounding from an early sell-off to end higher after the government said it would assist troubled U.S. automakers. The market, which just a week earlier withstood a terrible November employment report, managed its advance after the Treasury Department said it was prepared to assist the nation's Big Three automakers. The Dow Jones industrial average had fallen more than 200 points in early trading after the Senate had killed a $14 billion bailout package for the companies. "It's hard to say if this is indeed the beginning of a recovery, but it could be," said Matt King, chief investment officer of Bell Investment Advisors. "It seems like the past few Fridays we've ended the week on a positive note." A week ago, the market shook off the Labor Department's report that the... Sun, 14 Dec 2008 20:23:45 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Stocks-Advance-Amid-Hope-For-Automaker-Rescue/37/ http://www.blogigo.de/ForexGen_TradingBroker/Stocks-Advance-Amid-Hope-For-Automaker-Rescue/37/ Weak dollar outweighs IEA report on weak demand; oil prices near $48 Oil prices rose 10 percent Thursday as the value of the dollar sank further and investors dumped money into crude markets. The falling dollar, which makes commodities like oil more attractive, outweighed a new report from the International Energy Agency, which said energy demand is sliding sharply. Crude prices have spiked ahead of next week's meeting of OPEC, which is expected to slash production. "Probably the biggest factor right now is financials," said Phil Flynn, an analyst with Alaron Trading Corp. "The market is worried that all these bailouts ... means we're going to be printing a lot more money, which makes the dollar weaker. That's really supporting the price." Analysts cautioned reading too much into oil's rally. The price is up nearly 18 percent from last Friday's settlement price. After all, you don't have to look far to be reminded of... Fri, 12 Dec 2008 21:18:50 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Oil-Prices-Near-48-a-Barrel-as-Dollar-Falls/36/ http://www.blogigo.de/ForexGen_TradingBroker/Oil-Prices-Near-48-a-Barrel-as-Dollar-Falls/36/ U.S. Non-Farm Payrolls Falls The Most Since 1974, Unemployment Rate Hits 15-Year High U.S. Non-Farm Payrolls fell the most in 34 years as the economy lost 533K jobs in November, which raised the total number of job losses in 2008 to 1.91M. U.S. Non-Farm Payrolls fell the most in 34 years as the economy lost 533K jobs in November, which raised the total number of job losses in 2008 to 1.91M. In addition, the previous reading was revised sharply lower to -320K from an initial reading of -240K in October, and the considerable drop raised the unemployment rate to fifteen-year high of 6.7% from 6.5% in the prior month. Market participants were expecting the jobless rate to hit 6.8%, which indicates that an increasing number of workers are leaving the job force as the economy faces its longest recession in a quarter century. The data suggests that firms are becoming increasingly pessimistic towards the economy as the financial crisis drags on the real economy, and conditions may... Fri, 05 Dec 2008 21:58:01 +0100 http://www.blogigo.de/ForexGen_TradingBroker/U.S.-Non-Farm-Payrolls-Falls-The-Most-Since-1974/35/ http://www.blogigo.de/ForexGen_TradingBroker/U.S.-Non-Farm-Payrolls-Falls-The-Most-Since-1974/35/ Canada Posts Biggest Job Loss Since 1982, Pushing the Unemployment Rate Higher The economic outlook for Canada remains dim as its biggest trading partner, the United States, heads into its longest recession in a quarter century, which could lead the Bank of Canada to ease policy further as demands from the global economy deteriorate. Fundamental Headlines • Harvard Plans Bond Issue – Wall Street Journal • Merrill/BofA Deal Goes to a Vote Today – Wall Street Journal • China lectures US on economy – Financial Times • Crude Oil Rises as Slump Strengthens OPEC Resolve to Cut Output – Bloomberg • General Motors Chief Says He'd Accept Strict Conditions on Federal Bailout – Bloomberg • USDCAD – Canada posted its biggest job loss since 1982 as the economy shed 70.6K jobs in November, and raised the unemployment rate to a two-year high of 6.3% from 6.2% in October. The breakdown of the report showed that firms cut 32.4K... Fri, 05 Dec 2008 21:37:06 +0100 http://www.blogigo.de/ForexGen_TradingBroker/Canada-Posts-Biggest-Job-Loss-Since-1982/34/ http://www.blogigo.de/ForexGen_TradingBroker/Canada-Posts-Biggest-Job-Loss-Since-1982/34/ The ECB is expecting to cut their benchmark rate by 50 bps today according to a Bloomberg survey. However, the slew of dour financial data that has cross the wires recently including a record low reading in the service sector and a 0.8% decline in retail sales, has raised hopes for a deeper cut. Fundamental Outlook The ECB is expecting to cut their benchmark rate by 50 bps today according to a Bloomberg survey. However, the slew of dour financial data that has cross the wires recently including a record low reading in the service sector and a 0.8% decline in retail sales, has raised hopes for a deeper cut. Therefore, if the central bank meets expectations we could see bullish price reaction as it would signal that the MPC plans to continue their measured approach to monetary policy despite other central banks aggressive easing. President Trichet’s comments following the announcement will give the clearest signal to future bias and may have the biggest... Thu, 04 Dec 2008 20:55:00 +0100 http://www.blogigo.de/ForexGen_TradingBroker/ECB-Rate-Cut-Would-Justify-Bearish-Technical-Outlook/33/ http://www.blogigo.de/ForexGen_TradingBroker/ECB-Rate-Cut-Would-Justify-Bearish-Technical-Outlook/33/ The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair. Currency Pair: USD/CAD Chart: 60 Min Charts Short-Term Bias: Bullish Analysis   The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair. After falling to a low of 1.1463 on 11/5, the pair bounced back to reach a high of 1.2986 on 11/21, and may push higher over the near-term as investors curb their appetite for risk. During the previous trading session, we saw the pair make an attempt to cross above 1.2660-70 (21.4% Fib level), but the lack of momentum to push higher paired with the divergence from the 120 SMA suggests that the pair may pull back over the remainder of the week. [ ForexGen Demo Accounts Contest ] Win Cash Prizes [ ForexGen ] has the pleasure to... Thu, 04 Dec 2008 20:30:32 +0100 http://www.blogigo.de/ForexGen_TradingBroker/USD-CAD-Short-Term-Forex-Technical-Outlook/32/ http://www.blogigo.de/ForexGen_TradingBroker/USD-CAD-Short-Term-Forex-Technical-Outlook/32/ Oil falls below $54 as rising oil inventories, bad economic data point to falling US demand Oil prices fell below $54 a barrel Thursday as dismal U.S. economic data and rising crude inventories outweighed the possibility of production cuts by OPEC and Russia. By midday in Europe, light, sweet crude for January delivery was down $1.19 to $53.25 a barrel in electronic trading on the New York Mercantile Exchange. Markets in the United States are closed Thursday for the Thanksgiving holiday, but electronic trading on the Nymex continues. The dollar's weakening against other major currencies helped the Nymex contract recover from a low of $52.62 earlier in the session. Investors tend to increase their holdings in commodities like oil when the dollar falls and as a hedge against inflation. In London, January Brent crude fell 65 cents to $53.27 on the ICE Futures exchange. Prices have hovered just above three-year lows this week as bad economic news... Fri, 28 Nov 2008 14:13:13 +0100 http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-Oil-Falls-Below-Demand-Outlook-Worsens/31/ http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-Oil-Falls-Below-Demand-Outlook-Worsens/31/ Impact of global crisis on China deepening, official warns job losses could fuel instability China's top economic planner warned Thursday that the impact of the global financial crisis is worsening and said rising job losses could fuel instability. Beijing announced its biggest interest rate cut in 11 years on Wednesday to boost consumer and company spending, reflecting its growing urgency about reviving growth as it launches a multibillion-dollar stimulus package. "This crisis is spreading all over the world and its impact on China's economy is deepening," Zhang Ping, chairman of the Cabinet's National Development and Reform Commission, said at a news conference. He said economic indicators for November were showing an "even faster decline," though he gave no details. China's economic growth is expected to fall to about 9 percent this year, down from last year's 11.9 percent. That would be the fastest of any major... Thu, 27 Nov 2008 16:07:28 +0100 http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-China-Says-Impact-Global-Crisis-Deepening/30/ http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-China-Says-Impact-Global-Crisis-Deepening/30/ FTC withdraws support for 'flawed' test used to measure tar, nicotine levels in cigarettes The cigarette industry for 42 years has made factual claims about tar and nicotine levels based on machine testing blessed by the Federal Trade Commission. Now the FTC has dropped the test, known as the Cambridge Filter Method, like a hot rock. The commission has rescinded guidance it issued 42 years ago, saying the test method is flawed. It also said the resulting marketing touting tar and nicotine levels could cause consumers to believe that lighter cigarettes were safer. As a result, future advertising that lists tar levels for cigarettes won't be able to use terms such as "by FTC method." "Our action today ensures that tobacco companies may not wrap their misleading tar and nicotine ratings in a cloak of government sponsorship," said Commissioner Jon Leibowitz. "Simply put, the FTC will not be a smokescreen for tobacco companies'... Thu, 27 Nov 2008 15:47:16 +0100 http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-FTC-Tosses-Guidance-Tar-Nicotine-Cigarettes/29/ http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-FTC-Tosses-Guidance-Tar-Nicotine-Cigarettes/29/ Australian, New Zealand Dollars Gain, Outpaced by the Canadian Dollar on Surprisingly Strong Canadian Retail Sales The Australian dollar and New Zealand dollar both rocketed higher at the start of the US trading session amidst broad declines in the greenback, though these commodity currencies finished the day essentially unchanged from Monday. Moves in the Canadian dollar were a bit more dramatic, though, as the release of Canadian spending figures proved to be much stronger than expected. Indeed, retail sales jumped 1.1 percent in September, nearly three times as much as economists had forecasted . This is something we noted potential for yesterday, given the solid employment numbers we’ve seen over the past three months and 1.5 percent gain in wholesale sales. While this does bode well for Q3 GDP results, the Bank of Canada is still anticipated to cut rates by 25 basis points during their next meeting on December 9, as the financial crisis and economic... Wed, 26 Nov 2008 15:31:00 +0100 http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-Australian-New-Zealand-Dollars-Gain/28/ http://www.blogigo.de/ForexGen_TradingBroker/ForexGen-Australian-New-Zealand-Dollars-Gain/28/