http://www.blogigo.de/Forexgen_Trading en fxgentrading fxgentrading Mon, 29 Dec 2008 00:59:52 +0100 daily 1 Fundamental Outlook for US Dollar: Bearish   - US personal spending contracted for the fifth straight month in November as jobless claims held near 26-year highs - US durable goods order fell less than expected, helped by an increase in defense spending and business investment - US retail sales tumbled during December despite aggressive discounting, according to SpendingPulse The US dollar has spent the past week consolidating within thin ranges, as low volumes did little to spark directional trade. This left the greenback down 1 percent against the euro and up roughly 1.5 percent versus the British pound and Japanese yen by Friday’s close. In the coming week, the US markets will be closed on January 1 for New Year’s Day, and low liquidity conditions could persist as scattered financial markets around the globe will also be closed on Wednesday and Thursday. Meanwhile, there will be a bit of event risk on hand, leaving potential open for volatility to... Mon, 29 Dec 2008 00:59:52 +0100 http://www.blogigo.de/Forexgen_Trading/Dollar-Consolidation-Could-Yield-Breakouts-Liquidity/46/ http://www.blogigo.de/Forexgen_Trading/Dollar-Consolidation-Could-Yield-Breakouts-Liquidity/46/ All central banks, and the U.S. Federal Reserve System (FRS) as well, affect the foreign exchange markets changing discount rates and performing the monetary operations (as interventions and currency purchases). For the foreign exchange operations most significant are repurchase agreements to sell the same security back at the same price at a predetermined date in the future (usually within 15 days), and at a system.specific rate of interest. This arrangement amounts to a temporary injection of reserves into the banking. READ THE FULL POST HERE Fri, 26 Dec 2008 04:35:26 +0100 http://www.blogigo.de/Forexgen_Trading/All-central-banks-and-the-Federal-Reserve-System/45/ http://www.blogigo.de/Forexgen_Trading/All-central-banks-and-the-Federal-Reserve-System/45/ Short-term trading in currencies is unlike short-term trading in most other markets. A short-term trade in stocks or commodities usually means holding a position for a day to several days at least. But because of the liquidity and narrow bid/offer spreads in currencies, prices are constantly fluctuating in small increments. The steady and fluid price action in currencies allows for extremely short-term trading by speculators intent on capturing just a few pips (explained in Chapter 2) on each trade. Short-term forex trading typically involves holding a position for only a few seconds or minutes and rarely longer than an hour. But the time element is not the defining feature of short term currency trading. Instead, the pip fluctuations are what’s important. Traders who follow a short-term trading style are seeking to profit by repeatedly opening and closing positions. After gaining just a few pips , frequently as little as 1 or 2 pips. In the interbank market,... Fri, 26 Dec 2008 02:52:49 +0100 http://www.blogigo.de/Forexgen_Trading/Short-Term-High-Frequency-Day-Trading/44/ http://www.blogigo.de/Forexgen_Trading/Short-Term-High-Frequency-Day-Trading/44/ You will generally see the trend begin to flatten out and begin to trade within a defined and repeated level of support and resistance. We would like to see this on a Daily and/or 4 hour chart ...a range on "minute charts" is not established enough to trade without a greater element of risk. Ideally, one would want to see at least two tests of support and resistance before declaring a range to be in place. To trade a range, a trader would go long at support with a stop just below support or short at resistance with a stop just above resistance. The higher probability range trades will be those in the direction of the overall trend on the Daily chart . Also, when price action breaks out of the range, the breakout will likely (although no guarantees) be in the direction of the trend. [ ForexGen Services ] Client Services Customer Support Trading Support ForexGen Partnership ForexGen offers three types of... Thu, 25 Dec 2008 00:06:00 +0100 http://www.blogigo.de/Forexgen_Trading/EUR-CAD-Day-Trend/43/ http://www.blogigo.de/Forexgen_Trading/EUR-CAD-Day-Trend/43/ The Canadian dollar could face increase selling pressures over the next 24 hours of trading as market participants forecast GDP to contract 0.3% in October. Growth prospects for the world’s eighth largest economy have weakened considerably throughout the fourth quarter as firms cutback on employment and reduced spending. Trading the News: Canadian Gross Domestic Product What’s Expected Time of release: 12/24/2008 13:30 GMT, 08:30 EST Primary Pair Impact : USDCAD Expected: -0.3% Previous: 0.1% Impact the Canadian GDP numbers had on USDCAD over the last 3 Quarters September 2008 Canadian Gross Domestic Product The Canadian economy grew 0.1% in September, while the annual rate of growth increased 1.3% amid expectations for a 1.1% rise. The breakdown of the monthly report showed that construction fell... Tue, 23 Dec 2008 20:36:38 +0100 http://www.blogigo.de/Forexgen_Trading/USD-CAD-Trading-the-Canadian-GDP-Release/42/ http://www.blogigo.de/Forexgen_Trading/USD-CAD-Trading-the-Canadian-GDP-Release/42/ As liquidity drops in the currency market through the last two weeks of the year, the likelihood of a NZDUSD breakout is minimal. With volume steadily falling, volatility is likely to increase throughout the market, but the lack of momentum behind previous trends paired with risk aversion should hold the pair within range throughout the coming weeks. Why Would NZDUSD Hold a Range? ·Levels to Watch: -Range Top: 0.6100 (Trend, SMA) -Range Bottom: 0.5200 (Double Bottom) ·Amid an eventful US calendar, liquidity tends to drop significantly during the last two weeks of the year as traders round-trip their open positions ahead of the holiday weekend. As trading volume tapers over the next two weeks, a major breakout is highly unlikely, and the NZDUSD should hold its broad range through thin markets . · The NZDUSD snapped back last week to cross above the 21.4% Fib and the 50 Day SMA, but the lack of momentum to push higher has held the pair in a... Tue, 23 Dec 2008 01:55:01 +0100 http://www.blogigo.de/Forexgen_Trading/NZDUSD-Pares-Gains-Offers-Range-Trade-Opportunities/41/ http://www.blogigo.de/Forexgen_Trading/NZDUSD-Pares-Gains-Offers-Range-Trade-Opportunities/41/ Irish recession, record-strong euro means Christmas boom for Northern Ireland shops Northern Ireland (AP) -- Recession fears across Europe have consumers spending less and retailers fearful of the future. But one Northern Ireland border town is enjoying the biggest shopping spree in its history. A record-strong euro and deepening recession in the neighboring Republic of Ireland have turned Newry in recent months into the most intensively shopped spot in Ireland -- if not the continent. The 5-mile (8-km) traffic jams and patience-shattering hunts for a parking spot are already the talk of the island. The phenomenon could reach its peak this weekend before Christmas as tens of thousands travel from up to 12 hours' drive away to cash in on Northern Ireland shops pricing goods in record-cheap British pounds. "No, never been to the 'black north' before. Never seen any reason to come," said Sean Magee, 35, a short-of-work construction worker from... Mon, 22 Dec 2008 02:48:59 +0100 http://www.blogigo.de/Forexgen_Trading/Irish-Bargain-Hunters-Invade-Northern-Ireland/40/ http://www.blogigo.de/Forexgen_Trading/Irish-Bargain-Hunters-Invade-Northern-Ireland/40/ Can be very lucrative. No matter what type of market you chose to day trade you must know the "personality" of the market you are trading . Every market has its own characteristics and it is important to know what they are before attempting to profit from it. The forex market is no different. In this article we will go over very important general day trading principles/rules and then we will see what a day trader has to recognize when specifically day trading the forex market . As the term implies, day traders are concerned with what happens in the market today. Not tomorrow, not next week and not next month, but today. Forex day trader's job is to capture intraday price swings. Depending on the system or trading method employed, this can mean capturing one intraday swing or various intraday swings. The general job of a Forex day trader is: To be disciplined. [ ForexGen Customer & Trading Support ] ForexGen Customer... Mon, 22 Dec 2008 02:05:21 +0100 http://www.blogigo.de/Forexgen_Trading/The-Job-of-the-Forex-Day-Trader/39/ http://www.blogigo.de/Forexgen_Trading/The-Job-of-the-Forex-Day-Trader/39/ USD/CAD Ratio: -1.02 Signal: Bullish USDCAD – The ratio of long to short positions in the USDCAD stands at 1.07 as nearly 52% of traders are long. Yesterday, the ratio was at -1.05 as 51% of open positions were short. In detail, long positions are 1.7% higher than yesterday and 50.6% weaker since last week. Short positions are 8.9% lower than yesterday and 11.1% stronger since last week. Open interest is 3.7% weaker than yesterday and 56.7% below its monthly average. The SSI is a contrarian indicator and signals more USD CAD losses. [ ForexGen Introducing Brokers ] Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading. WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen? * Providing the most huge income sharing plan * Providing several ways for our IB's to charge commission. * ForexGen IB can also charge... Fri, 19 Dec 2008 03:19:24 +0100 http://www.blogigo.de/Forexgen_Trading/Canadian-Dollar-Forecast-Unclear-Against-US-Dollar/38/ http://www.blogigo.de/Forexgen_Trading/Canadian-Dollar-Forecast-Unclear-Against-US-Dollar/38/ The best time to exit a trade is when the price crosses back down through all 3 EMA’s on the chart. Notice in the above example that the Dark Blue line—the actual price of USD/CHF on the 20th crossed back down all three indicators where I circled EXIT. If you held this position all week, you could have made a 275 pip profit. With 1 lot traded on a standard account this would have been approximately $1780.00 in profits . With 2 lots--$3560! A mini account would have profited you $178 and $356 respectively. If you profited 275 pips with EUR/USD or GBP/USD you would have made approximately $10 per pip, which you would have made $2750 with one lot and $5500 with 2 lots traded. Not bad for one week! [ Claim Your Bonus with ForexGen ] Special Promotion for New Clients Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account . The cash... Thu, 18 Dec 2008 01:33:20 +0100 http://www.blogigo.de/Forexgen_Trading/When-to-EXIT-a-Trade/37/ http://www.blogigo.de/Forexgen_Trading/When-to-EXIT-a-Trade/37/ Moody's sends American Axle ratings deeper into junk territory on falling auto production NEW YORK (AP) -- Moody's Investors Service sent its ratings on auto parts supplier American Axle & Manufacturing Holdings Inc. deeper into junk status on Tuesday, citing falling automobile production levels and the company's heavy reliance on General Motors Corp. for business. The credit ratings agency lowered its corporate family rating and probability of default rating two notches to "Caa1" from "B2" and is reviewing the new ratings for another possible downgrade. Moody's also lowered American Axle's unsecured guaranteed notes to "Caa2" from "B2," its unsecured convertible notes to "Caa2" from "B2" and its speculative-grade liquidity rating to "SGL-4" from "SGL-3." It affirmed its bank credit facilities at "B2." Moody's attributed the new ratings to... Wed, 17 Dec 2008 00:02:42 +0100 http://www.blogigo.de/Forexgen_Trading/Moody-s-downgrades-American-Axle-ratings/36/ http://www.blogigo.de/Forexgen_Trading/Moody-s-downgrades-American-Axle-ratings/36/ Dollar gives back some gains against the British pound in trading late Monday The dollar fell against the pound in late New York trading Monday night. The pound rose to $1.5303 from $1.5253 in late afternoon trading on Monday. On Friday afternoon, the pound was worth $1.4969. [ ForexGen Services ] Client Services [ Customer Support ] [ Trading Support ] [ ForexGen Partnership ] ForexGen offers three types of business partnerships. * [ Introducing Broker ] * [ White Label ] * [ Money Manager ] ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan. [ ForexGen ] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.... Tue, 16 Dec 2008 21:03:37 +0100 http://www.blogigo.de/Forexgen_Trading/Dollar-Lower-vs-Pound-in-Late-Trading/35/ http://www.blogigo.de/Forexgen_Trading/Dollar-Lower-vs-Pound-in-Late-Trading/35/ West Virginia's unemployment rises to 4.2 percent in November, up slightly from prior month CHARLESTON, W.Va. (AP) -- West Virginia's unemployment rate increased in November as job losses occurred in construction, manufacturing and several other sectors. Workforce West Virginia said Monday that November's unemployment rate was 4.2 percent, up 0.3 percent from October. Construction lost 900 jobs and manufacturing lost 300. Natural resources and mining gained 200 jobs. In the service-providing sector, trade , transportation and utilities saw a seasonal gain of 1,800 jobs and government added 1,000 jobs. But leisure and hospitality saw a seasonal loss of 1,000 jobs. [ Scalping Enabled Account] Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes... Tue, 16 Dec 2008 03:18:57 +0100 http://www.blogigo.de/Forexgen_Trading/W.Va.-jobless-rate-rises-to-4.2-percent-in-Nov./34/ http://www.blogigo.de/Forexgen_Trading/W.Va.-jobless-rate-rises-to-4.2-percent-in-Nov./34/ Industrial output fell in November as weakness in autos, other industries depressed activity Industrial output fell slightly less than expected in November as manufacturers continued to suffer from weakness in autos and many other areas that is not expected to ease anytime soon. The Federal Reserve reported Monday that industrial activity dropped by 0.6 percent in November. Economists expected a decline of 0.8 percent. The manufacturing sector is suffering like the rest of the economy from the deepening recession, which has cut consumer demand for many products. "Manufacturing production tanked in November and the data were even worse than they look," said Joel Naroff, chief economist at Naroff Economic Advisors. "The only industry that posted a gain was aircraft and that was only because Boeing started back up after the strike." The 0.6 percent drop in November followed a revised 1.5 percent increase in October. However, that gain occurred... Mon, 15 Dec 2008 21:13:37 +0100 http://www.blogigo.de/Forexgen_Trading/Industrial-Output-Fell-Less-Than-Expected-in-Nov./33/ http://www.blogigo.de/Forexgen_Trading/Industrial-Output-Fell-Less-Than-Expected-in-Nov./33/ A larger-than-expected Bank of Canada interest rate cut made the Canadian Dollar one of the worst performing G10 currencies on the week, but an outright tumble in the US Dollar left the USD/CAD marginally lower through Friday’s close. BoC officials surprised markets in lowering interest rates by a sizeable 75 basis points—signaling that domestic yields will likely fall harder than previously expected. Dismal economic data out of the US economy likewise dimmed Canadian economic outlook, and the Loonie continues to lose ground against major global counterparts on worsening fundamentals. [Euro Outlook Remains Bullish on Breakout Versus US Dollar] The euro posted its best single-week performance in eight years, as an outright tumble in the US dollar left the Euro Zone currency as the prime beneficiary of a turn in market sentiment. Currency traders seemingly lost their patience with the US dollar, opting to sell the American currency on dismal developments out of the US... Mon, 15 Dec 2008 02:46:17 +0100 http://www.blogigo.de/Forexgen_Trading/Canadian-Dollar-Forecasts-Remain-Gloomy-Shaky-Fundamentals/32/ http://www.blogigo.de/Forexgen_Trading/Canadian-Dollar-Forecasts-Remain-Gloomy-Shaky-Fundamentals/32/ UAW lashes out at senators in Southern states with foreign car plants after auto aid bill dies Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers. The vitriol had been near the surface for weeks as senators from states that house the transplant automakers' factories criticized the Detroit Three for management miscues and bloated UAW labor costs that lawmakers said make them uncompetitive. But the UAW stopped biting its tongue after Republicans sank a House-passed bill Thursday night that would have loaned $14 billion to cash-poor General Motors Corp. and Chrysler LLC to keep them out of bankruptcy protection. The Bush administration later stepped in and said it was ready to make money available to the automakers, likely from the $700 billion Wall... Sun, 14 Dec 2008 21:20:38 +0100 http://www.blogigo.de/Forexgen_Trading/Angry-UAW-Members-Lash-Out-at-Southern-Senators/31/ http://www.blogigo.de/Forexgen_Trading/Angry-UAW-Members-Lash-Out-at-Southern-Senators/31/ US Dollar Declines May Continue as US Retail Sales are Expected to Fall for 5th Straight Month The US dollar was already falling across the majors this morning when the release of US economic data at 8:30 ET suggested that the Federal Reserve will indeed cut rates aggressively next week. First, the US import price index fell by the most since record-keeping began in 1989 at a rate of 6.7 percent during November, bringing the annual rate of price growth to a 6-year low of -4.4 percent. The decline wasn't entirely unexpected, given the strength of the US dollar and plunge in commodity prices. In fact, according to the Labor Department, petroleum import prices plummeted 25.8 percent in November alone. Meanwhile, initial and continuing jobless claims surged to the highest levels since 1982, suggesting that the US unemployment rate could climb further from its 15-year highs of 6.7 percent. The National Bureau of Economic Research (NBER) has already declared that the... Fri, 12 Dec 2008 22:28:09 +0100 http://www.blogigo.de/Forexgen_Trading/US-Dollar-Declines-May-Continue-as-US-Retail-Sales/30/ http://www.blogigo.de/Forexgen_Trading/US-Dollar-Declines-May-Continue-as-US-Retail-Sales/30/ With FOREXGEN Broker you will needed to recognize In the example above, on October 15th, there was a great opportunity to go long on the USD/CHF pair, where I circled and labeled enter. Notice how the EMA 10 crossed up the 25 and 50 and the Par SAR was on the bottom. If you are trading the hourly charts like in the above example, make sure that the 15 min charts Parabolic SAR is going the same way. Simply click on the arrow beside the 60 min and change it to 15 min and your studies will automatically adjust to the new time frame. Never trade against the 15 min Parabolic SAR! [ ForexGEN Scalping Enabled Account ]       Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option... Wed, 10 Dec 2008 22:54:46 +0100 http://www.blogigo.de/Forexgen_Trading/With-Broker-you-will-needed-to-recognize/29/ http://www.blogigo.de/Forexgen_Trading/With-Broker-you-will-needed-to-recognize/29/ Does it feel like your money is shrinking nowadays? In some countries around the world, it really is getting smaller. Mexico, following the lead of several countries around the world, has proposed making coins smaller and using cheaper metals to keep cost low amid the financial crisis and volatile metal costs. The Mexican Senate on Thursday approved President Felipe Calderon's bill to modify the country's coinage. The plan awaits approval from the lower house of Congress, which will vote in February. "We're being hit hard economically, so we're looking to spend more efficiently," said Enrique Lobato, director of cash programming for Mexico's central bank. The Mexican economy is running a 1.8 percent budget deficit, the country's first in years, and next year's 3 trillion peso ($224 billion) budget will be tight. Lobato said under Calderon's proposal, the bank could save around 200 million pesos (US$14.7... Fri, 05 Dec 2008 23:45:05 +0100 http://www.blogigo.de/Forexgen_Trading/Mexico-Wants-to-Shrink-Coins-to-Save-a-Few-Cents/28/ http://www.blogigo.de/Forexgen_Trading/Mexico-Wants-to-Shrink-Coins-to-Save-a-Few-Cents/28/ Euro falls slightly against dollar as investors anticipate interest rate cuts BERLIN (AP) -- The 15-nation euro fell slightly against the U.S. dollar as markets anticipated rate cuts from both the European Central Bank and the Bank of England later Thursday. In morning European trading the common currency bought $1.2620, down from $1.2655 late Wednesday in New York. The British pound fell to $1.4599 from $1.4722 yesterday, while the dollar weakened slightly to trade at 93.08 Japanese yen from 93.09 yen in New York. Both the ECB and the Bank of England are expected to cut their interest rates when they meet Thursday. Though lower interest rates can jump-start an economy, they often weigh on its currency as traders transfer funds to countries where they can earn higher returns. "Aggressive cuts are widely expected by both parties and this has been factored into prices so look for volatility initially if we don't see the... Thu, 04 Dec 2008 23:28:30 +0100 http://www.blogigo.de/Forexgen_Trading/Euro-Falls-Slightly-Against-Dollar/27/ http://www.blogigo.de/Forexgen_Trading/Euro-Falls-Slightly-Against-Dollar/27/