http://www.blogigo.de/forexgen_new en forexgennew forexgennew Sun, 28 Dec 2008 22:51:47 +0100 daily 1 GBP/USD ratio: 1.64 Trading Forecast: Bearish GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.64 as nearly 62% of traders are long. Yesterday, the ratio was at 1.35 as 57% of open positions were long. In detail, long positions are 18.0% higher than yesterday and 25.7% stronger since last week. Short positions are 2.5% lower than yesterday and 49.9% weaker since last week. Open interest is 9.3% stronger than yesterday and 44.7% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses. [ Why ForexGen ] 1. Lowest spread s 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 minimum account size. 5. Liquidity and 24/5... Sun, 28 Dec 2008 22:51:47 +0100 http://www.blogigo.de/forexgen_new/British-Pound-Outlook-Bearish-Against-Downtrodden-Dollar/49/ http://www.blogigo.de/forexgen_new/British-Pound-Outlook-Bearish-Against-Downtrodden-Dollar/49/ Russia's gold and foreign exchange reserves rose by a record $15.4 billion in the latest week thanks to a stronger euro and a rise in commercial banks' foreign currency deposits. The reserves, the world's third largest, rose to $450.8 billion on December 19 from $435.4 billion in the previous week, central bank data showed, even though the central bank spent an estimated $7 billion to support the rouble. The reserves have shrunk by a quarter from early August peaks, dented by the central bank's defense of the rouble. Some of the money is also being used to help Russian companies to refinance their foreign debt. The rouble has come under pressure as Russia's key export earner, crude oil, falls in price. Russia has run seven small devaluations of the rouble since oil prices began to slide. The currency is now nearly 16 percent below August's historic peaks. Oil, Russia's main export, has lost 76 percent since July peak. The euro, which accounts for... Thu, 25 Dec 2008 22:35:59 +0100 http://www.blogigo.de/forexgen_new/Amid-Gloom-Russian-Reserves-Post-Record-Rise/48/ http://www.blogigo.de/forexgen_new/Amid-Gloom-Russian-Reserves-Post-Record-Rise/48/ Despite an empty economic calendar, the Euro pushed higher against the greenback to reach a high of 1.39898 during the overnight session, and may continue to push higher over the U.S. session as market participants place their bets ahead of the durable goods orders report. Talking Points • Japanese Yen: Pares Yesterday’s Loss to Hold at 90.25 • Pound: Holds Tight Range • Euro: Tests 1.40 • US Dollar: Durable Goods and Personal Spending on Tap Euro Push Higher Ahead of U.S. Durable Goods Orders Despite an empty economic calendar, the Euro pushed higher against the greenback to reach a high of 1.39898 during the overnight session, and may continue to push higher over the U.S. session as market participants place their bets ahead of the durable goods orders report. Nonetheless, as trading volume remains thin across the market , the likelihood for a major breakout is minimal as we head into the Christmas holiday. The... Wed, 24 Dec 2008 23:00:31 +0100 http://www.blogigo.de/forexgen_new/Euro-Push-Higher-Ahead-Durable-Goods-Orders/47/ http://www.blogigo.de/forexgen_new/Euro-Push-Higher-Ahead-Durable-Goods-Orders/47/ British Pound Technical Outlook At the risk of sounding repetitive, sideways price action in the British Pound/US Dollar leaves our bias exactly unchanged. “The British Pound has found a short-term base against the US Dollar, holding highly-contested support near the psychologically significant 1.4700 mark. Its recent price formation likewise looks vaguely like an inverse head and shoulders pattern, and a break above 1.5500 would signal that a more medium term reversal is likely. Shorter-term, the British Pound looks to challenge previous spike-highs at the psychologically significant 1.5000 mark.” Euro Technical Outlook Our outlook for the Euro against the US Dollar effectively remains unchanged. After massive rallies that swiftly took it to multi-month highs, the Euro/US Dollar is likely to continue its correction before any further ascent. As it stands, the pair remains in a very tight short-term trading range, and the absence of any real speculative... Wed, 24 Dec 2008 00:47:14 +0100 http://www.blogigo.de/forexgen_new/British-Pound-And-Euro-Technical-Outlook/46/ http://www.blogigo.de/forexgen_new/British-Pound-And-Euro-Technical-Outlook/46/ Colombia reports GDP growth 3.1% for 3rd quarter as once-torrid economy cools Colombia's national statistics agency says the pace of growth is slowing, with third quarter GDP growth counted at 3.1 percent above the same period a year earlier. Monday's report shows a mere 0.7 percent rise in gross domestic product between the second and third quarters of the year. Quarterly year to year growth rates have slipped from a torrid 8.5 percent in the first quarter of 2007. The rate was down to 4.5 in the first quarter of 2008 and to 3.8 percent in the second quarter. The government says it expects overall growth of 4 percent this year, down from 8 percent in 2007. [ ForexGen Live Account ] The live/real account is provided to those clients who may have some experience in the online trading. [ Opening an Account Online ] The quickest, easiest and secure way to open a ForexGen trading account is online. Complete and submit... Mon, 22 Dec 2008 22:59:05 +0100 http://www.blogigo.de/forexgen_new/Colombia-Reports-GDP-Growth-3.1-For-3rd-Quarter/45/ http://www.blogigo.de/forexgen_new/Colombia-Reports-GDP-Growth-3.1-For-3rd-Quarter/45/ Canada offers $3.29 billion bailout to Canadian subsidiaries of US automakers The federal and Ontario governments will provide the Canadian subsidiaries of the Detroit Three automakers with 4 billion Canadian dollars ($3.29 billion) in emergency loans, the prime minister said Saturday. The announcement follows a pledge Friday by U.S. President George W. Bush to offer $17.4 billion in emergency loans to General Motors Corp. and Chrysler LLC. Prime Minister Stephen Harper said Canada's bailout plan, the equivalent of 20 percent of the U.S. aid package, will help keep the plants afloat while the automakers restructure their businesses to retain one the country's most important economic sectors. "We cannot afford, in the United States or Canada, the catastrophic short-term collapse of the Big Three automakers. The U.S. has signaled that they are not going to allow these companies to fail, and we will do our share of the North American package to see that... Sun, 21 Dec 2008 23:19:02 +0100 http://www.blogigo.de/forexgen_new/Canada-Offers-3.29-Billion-Auto-Bailout/44/ http://www.blogigo.de/forexgen_new/Canada-Offers-3.29-Billion-Auto-Bailout/44/ Obama names 3 more for his financial team, says regulators have been 'asleep at the switch' Nearing completion of his Cabinet, Barack Obama plans to choose California Rep. Hilda Solis as his labor secretary, a labor official said Thursday as the president-elect named three veteran regulators to help clean up financial debacles. Obama blamed much of the nation's economic troubles on government regulators who "dropped the ball," and he called for a return to ethics and tough enforcement. Obama planned to announce Solis' selection on Friday, along with that of Republican Rep. Ray LaHood of Illinois for transportation secretary. The incoming chief executive is trying to get most of his major appointments out of the way before heading to Hawaii for a holiday vacation, and has held a news conference each day this week to unveil top positions. He has yet to announce senior intelligence positions or his choice to head the Office of U.S. Trade... Fri, 19 Dec 2008 01:19:21 +0100 http://www.blogigo.de/forexgen_new/Obama-Chooses-3-More-to-Take-on-Financial-Reforms/43/ http://www.blogigo.de/forexgen_new/Obama-Chooses-3-More-to-Take-on-Financial-Reforms/43/ Forex Trading can be learned even by average person today . What is actually the heart of Forex ? the answer is the sales or trading of currency trading. It is very much like the regular market practice where the prices change and people get the profits from the price chanes, Forex investment involves in the exchange rate fluctiation as well as the economic of countries that go up and down. The term “forex”, also known as the foreign exchange is a market for the sale and purchase of all kinds of currencies. It originated in the early 1970’s when floating currencies and free exchange rates were first introduced. At this time, the forex market traders were the ones who set the value of one type of currency against another. Forex trading has now become big business and certainly in the financial sector this is the biggest market of all in the world. The reason why this market has grown compared to the many other financial markets is because of the rise in the... Thu, 18 Dec 2008 22:09:36 +0100 http://www.blogigo.de/forexgen_new/Forex-Trading-Can-Be-Learned-By-Average-Person/42/ http://www.blogigo.de/forexgen_new/Forex-Trading-Can-Be-Learned-By-Average-Person/42/ Crude hits new four-year low in face of massive OPEC cuts; fears of price spike ORAN, Algeria (AP) -- Here's how bad things are for OPEC these days: It announced its largest-ever production cut Wednesday and oil prices promptly slumped to $40 a barrel, the lowest level in more than four years. Ministers of the 13-nation oil cartel were trying to shock moribund markets into life by slashing output 2.2 million barrels a day, more than double two recent production cuts. "I hope we surprised you," said OPEC President Chakib Khelil when asked whether the move would send prices upward. Instead the markets yawned and there appeared to be more good news for consumers -- at least for the short term. Although declining gasoline prices have begun to edge up after falling from an average of $4.11 a gallon in July to a low of $1.65 on Friday, analysts believe oil's decline could send them even lower. Benchmark crude prices tumbled to $39.88 per barrel... Thu, 18 Dec 2008 01:22:16 +0100 http://www.blogigo.de/forexgen_new/Crude-Prices-Tumble-Despite-Record-OPEC-Cuts/41/ http://www.blogigo.de/forexgen_new/Crude-Prices-Tumble-Despite-Record-OPEC-Cuts/41/ Technical analysis is being used for the prediction of market movements (that is alterations in currencies prices, volumes and open interests) outgoing from the information obtained for the past. The main instruments of the technical analysis are different kinds of charts, which represent currencies price change during a certain time preceding exchange deals, as well as technical indicators. The latter are being obtained as a result of the mathematical processing of averaged and other characteristics of price movements. The instruments of the technical analysis are universal and applicable to any Forex sector, any currency and any time span. Technical analysis is easy to compute what is important while the technical services are becoming increasingly sophisticated and reasonably priced. They are available to all the Forex participants independent on their trade plans, strategies applied and the time of position continuance. Under contemporary conditions it is executed by... Wed, 17 Dec 2008 23:04:00 +0100 http://www.blogigo.de/forexgen_new/The-Destination-and-Fundamentals-Technical-Analysis/40/ http://www.blogigo.de/forexgen_new/The-Destination-and-Fundamentals-Technical-Analysis/40/ SAN DIEGO--(BUSINESS WIRE)--Every year the Identity Theft Resource Center (ITRC) shares its thoughts for the upcoming year. The following items are ITRC’s predictions for 2009: Real Estate-based scams: There are multiple scams that attack the equity in a home or which may be used to establish a whole new home loan. Home Equity or Mortgage Frauds can be found on the Internet, local advertising and even via word of mouth. Some real estate scams include refinancing current loans, adding in unforecasted payments or property to increase the cost of the loan. Your home, while fully paid for, could even be entangled in a second mortgage without your knowledge. Due to the unfortunate turn in the real estate market, some home owners find themselves strapped and falling behind. Opportunistic scam artists might propose relief through a bogus land grant process. The best strategy for a home owner is to talk with your bank or mortgage company before engaging an unknown company. Credit... Tue, 16 Dec 2008 21:03:30 +0100 http://www.blogigo.de/forexgen_new/Whats-Hot-ITRCs-Identity-Theft-Predictions-for/39/ http://www.blogigo.de/forexgen_new/Whats-Hot-ITRCs-Identity-Theft-Predictions-for/39/ Dollar falls slightly against the euro in trading late Monday night The dollar dipped against the euro late Monday night in New York. The 15-nation currency traded at $1.3704, up slightly from $1.3665 in late afternoon trading on Monday. On Friday afternoon, the euro fetched $1.3371. [ ForexGen Demo Account ] ForexGen provides its traders with a free Forex demo account where the trader is allowed to participate in Forex trading with real market conditions and get used to the Forex trading employing ForexGen professionalized online trading platform. A Forex demo account permits the trader utilize the advantages and the benefited features provided by our online trading services. The trader must enter a valid e-mail address to freely open a demo account. You will be able to upgrade to Live Account at any time with minimal efforts. ForexGen demo account advantages: * Innovated trading with no request for a quote for up to 200 lots (20... Tue, 16 Dec 2008 20:27:07 +0100 http://www.blogigo.de/forexgen_new/Dollar-Dips-Versus-Euro-in-Late-Trading/38/ http://www.blogigo.de/forexgen_new/Dollar-Dips-Versus-Euro-in-Late-Trading/38/ -EURUSD just pips from multi-month resistance line; break shifts focus to 1.3631-1.3877 zone -USDJPY Yen trend is still down -British Pound rally likely accelerates soon I wrote last week that “it is likely that a bear rally is underway towards the mid 1.40’s, if not higher. Resistance is not until the downward sloping trendline, which is at 1.36 today and decreases about 23 pips per day.” The EURUSD is closing in on the trendline, which is mere pips above current price. The next level of resistance is from Fibonacci and former congestion at 1.3631. That congestion extends to 1.3789 and former support from the September 11 low is at 1.3877. Staying above 1.3247 keeps the short term trend up but beware that a top of at least a few days likely forms in the 1.3631-1.3877 zone. On Friday, I wrote that “this morning’s spike to 88.10 may mark a bottom. As I’ve mentioned many times before, spikes (especially in the Yen ) tend to mark turns. Bears may... Mon, 15 Dec 2008 22:35:21 +0100 http://www.blogigo.de/forexgen_new/Dollar-Bears-Maintain-Complete-Control/37/ http://www.blogigo.de/forexgen_new/Dollar-Bears-Maintain-Complete-Control/37/ Research and Markets: Snapshots U.S. Facial Moisturisers 2008: 2007 Year-End Market Size Data, with 2008 Estimates Snapdata's Snapshots US Facial Moisturisers 2008 provides 2007 year-end market size data, with 2008 estimates, 5 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the US facial moisturiser market and covers facial moisturisers, facial cleansers, facial anti-ageing creams and acne treatments. Market value is based on retail sales. The data is supplied in both graphical and tabular format for ease of interpretation and analysis. The Snapshots US Facial Moisturisers 2008 forms part of the Cosmetics & Toiletries industry coverage. Snapshots Report Overview: The Executive Summary within a Snapshots report outlines the main findings of the report (market size, market shares and market forecasts) Market size is the measure of the total value or volume of a particular product sold in a particular... Mon, 15 Dec 2008 20:45:59 +0100 http://www.blogigo.de/forexgen_new/Research-and-Markets-Snapshots-Facial-Moisturisers/36/ http://www.blogigo.de/forexgen_new/Research-and-Markets-Snapshots-Facial-Moisturisers/36/ With deflation still a possibility, credit markets have a hard time loosening up Investors know the future will bring either inflation or deflation, but they can't decide which. So they're erring on the side of a worst case scenario, keeping the credit markets in a stranglehold and Treasury notes extremely popular. Despite a moderate rise in the stock market Friday, the yield on the two-year Treasury note hit another record low, falling to about 0.76 percent for the first time since the note has been issued. Adding fuel to the argument that the economy is headed for deflation, the Labor Department said its Producer Price Index, which tracks costs of goods before they reach consumers, fell 2.2 percent last month -- more than anticipated -- as gasoline and other energy prices retreated. Government debt becomes more attractive in weak, deflationary economies not only because the assets are safe, but also because the returns are in fixed dollar... Sun, 14 Dec 2008 20:56:20 +0100 http://www.blogigo.de/forexgen_new/Deflation-Keeps-Credit-Tight-Treasurys-Popular/35/ http://www.blogigo.de/forexgen_new/Deflation-Keeps-Credit-Tight-Treasurys-Popular/35/ Uncertainty over a bailout of U.S. automakers, and declining U.S. retail sales added new headaches for the world's financial stewards, already overwhelmed by recession, tight credit markets and a debilitated White House. Meanwhile Wall Street was coping with the shock waves of a suspected $50 billion fraud that may rank as one of the biggest ever, Japan weighed a currency intervention, OPEC debated production cuts and Europe agreed to a 200 billion euro ($268 billion) stimulus package. "This is ugly and getting uglier," Peter Kenny, managing director at Knight Equity Management in New Jersey, said on Friday. "Pick your poison. Do you want to talk about autos, or some of the macroeconomic data we've had coming out or do you want to talk about Madoff? If there's something positive here, share it with me. I see nothing here that is going to give anyone any reason to buy the market." Bernard Madoff, a quiet force on Wall Street for... Fri, 12 Dec 2008 22:00:31 +0100 http://www.blogigo.de/forexgen_new/Retail-Sales-Fraud-Case-Worsen-Auto-Bailout-Flop/34/ http://www.blogigo.de/forexgen_new/Retail-Sales-Fraud-Case-Worsen-Auto-Bailout-Flop/34/ Price pressures in the U.K. are expected to weaken further as economists forecast the producer price index to fall to 5.6% from 6.8% in October. Trading the News: U.K. Producer Price Index Output What’s Expected Time of release: 12/08/2008 09:30 GMT, 04:30 EST Primary Pair Impact : GBPUSD Expected: 5.6% Previous: 6.8% Impact the U.K. PPI Output has had on GBPUSD after the last 3 releases October 2008 U.K. Producer Price Index Output The U.K.’s producer price index fell at a record pace in October, which lowered the annual rate of inflation to 6.8% from 8.5% in September. The breakdown of the report showed that petrol prices fell 5.6% from the previous month, while core prices slipped 0.5%. The data suggests that firms will continued to cut prices as Europe’s second largest economy heads into its... Fri, 05 Dec 2008 23:28:19 +0100 http://www.blogigo.de/forexgen_new/GBP-USD-Trading-the-U.K.-Producer-Price-Index/33/ http://www.blogigo.de/forexgen_new/GBP-USD-Trading-the-U.K.-Producer-Price-Index/33/ China releases plans to raise fuel tax rates in exchange for eliminating fees China's Cabinet on Friday released details of a fuel tax reform that would raise taxes for gasoline and diesel while eliminating other fees for drivers. The plan, scheduled to take effect Jan. 1, would raise the tax on gasoline to 1 yuan (14 cents) per liter (0.26 gallon) from the current 0.2 yuan (3 cents). The tax on diesel would rise from 0.1 yuan (2 cents) per liter to 0.8 yuan (11 cents). Despite the increase, existing fuel prices would not rise, the State Council, China's Cabinet, said in a notice, presumably because any increase would be absorbed by falling costs resulting from the plunging price of crude oil. Under the plan, six categories of fees levied on drivers would be eliminated, including an annual road tax computed by the number of seats per car and a surcharge on passengers and freight carried by boats. The announcement said the plan could come under... Fri, 05 Dec 2008 22:44:01 +0100 http://www.blogigo.de/forexgen_new/China-Releases-Plans-For-Fuel-Tax-Increases/32/ http://www.blogigo.de/forexgen_new/China-Releases-Plans-For-Fuel-Tax-Increases/32/ At first , people who are interested in forex trading would feel that they have too much to learn before they can even have profit in this business. But even if it really is not an easy business, it is not that difficult to understand. It just takes a little time and more patience from the trader and in time, you will learn to be a master of this forex trading The forex trading is the largest trade market in the world and it is primarily about the foreign exchange and the way that the currencies respond to the different evens in and out of a certain country. What a trader must do is to learn to understand the forex trading information that would affect the currencies . An ideal situation for a trader is to buy the currencies that have lower price and it will be sold to other at a higher price. This is how profit will be gained in forex trading. However, the currencies change as time goes by. Every day, the currencies in the countries change and the trader should... Fri, 05 Dec 2008 03:21:43 +0100 http://www.blogigo.de/forexgen_new/Forex-market-trading-basics-learning-currency-exchange/31/ http://www.blogigo.de/forexgen_new/Forex-market-trading-basics-learning-currency-exchange/31/ The promise of "Easy Money" captures the interest of many beginning traders. You can find offers all over the Internet claiming, "risk free trading", "low investment", and "high returns". While there is some truth in this statement you will find that they are over simplified and the reality of FOREX trading is a little more complicated. It is very tempting to dive right in and start trading as soon as you open your FOREX account. Doing this will most likely lead you to make the two most common mistakes of beginning investors. These are trading based on emotions and trading without a philosophy or strategy. While watching the movements of a currency pair you may feel that you are letting an opportunity pass by if you don't get involved. So you buy only to see the price start moving against you, in a panic you sell at a loss, to then watch the price recover. You must have a rational strategy and not base any decisions on... Fri, 05 Dec 2008 03:00:59 +0100 http://www.blogigo.de/forexgen_new/Don-Lose-Your-Money-the-FOREX-Market-Have/30/ http://www.blogigo.de/forexgen_new/Don-Lose-Your-Money-the-FOREX-Market-Have/30/