This is first analysys and Trading Plan Idea (TPI) for Monday.
Enjoy!
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/free-signal-service-trial-is-extended.html
Showing posts with label Week. Show all posts
Showing posts with label Week. Show all posts
Saturday, December 1, 2012
Free Signal Service Trial is Extended one more week
I've decided to extend Free Signal Service Trial for one more week.
This is first analysys and Trading Plan Idea (TPI) for Monday.
Enjoy!
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/free-signal-service-trial-is-extended.html
This is first analysys and Trading Plan Idea (TPI) for Monday.
Enjoy!
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/free-signal-service-trial-is-extended.html
Wednesday, November 14, 2012
Forex Trading Lesson Of The Week
Simple Forex Advice To Start Making Money Online
As the forex market becomes more and more popular, more people are jumping in and trying to come up with some miracle forex strategy that will make them a rich man overnight. A lot of rookies believe everything they read and do not take the time to weed out the bad information, and there is plenty of it, and then they end up taking a loss. If they would only take the time to do the right research, they would find the the concepts that produce profits are not brain surgery, they just take some time to develop.
That perfect forex system does not exist, get that out of your head right now. What works is good analysis that will enable you to spot a trend, not try and predict it. The quicker you are able to recognize the trend, the more money you can make. Leave the predictions up to the lady's on the boardwalk, there is no place for that in a successful forex traders toolbox.
The difference in taking advantage of a trend versus trying to predict the forex market is that you are getting in on something as it is moving in a positive direction, not trying to figure out which way it is going to go. If you find this quick enough, you will be able to make money as long as you can recognize when it is moving the other way. Unfortunately, that is usually a little easier to see because you will notice the negative number in your forex account. How you make the most of these trends is by educating yourself and make sure that you are making informed decisions.
After you have entered the market, make sure you establish a stop order. A stop order is your primary line of defense in preventing your losses from getting out of control on a bad deal. Once you see that you are in a bad deal, simply get out. It is going to happen and don't think that you are the one guy that can get that trade to turn around. Welfare lines are full of those guys. What you want to do is get out, analyze where you made a mistake and make sure that it doesn't happen again. If you have a stop mark that is effective, this will be a cheap lesson on what trends not to follow.
If you are looking for one certainty in the forex market, you can be assured that no man and no forex trading system is perfect. Everyone and every system will make a mistake at one point or another. A consistent analysis will still put money in your pocket though. This is not a race that you are trying to win, its money that is the key. Follow the trends and make the most of them. If you are doing good analysis, your wins will far outweigh your losses and after all, that is the goal isn't it?
There is one point that cannot be stressed enough, Do not ever try to predict the market. You may get a little lucky every now and then, but all that will do is assure you of taking some horrible losses down the line. You will get overconfident and start setting wider stop margins and the next thing you know, you are taking huge losses to your bankroll. Instead, play a safe 10% stop and spend your time researching and analyzing. When you start making money online and watch that bank account grow into an enormous sum, you will be glad you followed this simple advice.
Source | Forex Update | http://adeel-forex-update.blogspot.com/2009/07/forex-trading-lesson-of-week.html
Pound/Euro at 1 week high, GDP figures tomorrow
Wednesday 24th October 2012
Good afternoon. In this afternoon's post I'm going to take a look at the EU numbers that have pushed GBP/EUR rates up, and also have a look at what effect tomorrow's UK GDP figures could have on exchange rates. Don't forget, if you're looking for the best exchange rates you can send me a free enquiry, and have a no obligation consultation on your requirements, find out more about our service and the options available to you.
Pound hits 1 week high against Euro, GDP figures tomorrow
After weeks of decline, there was some good news for GBP/EUR buyers this morning, as negative data from Europe weakened the single currency and pushed rates up by a point. The disappointing economic data from the euro zone included poor inflation numbers from Germany and the EU, along with a consumer confidence survey that was much worse than expected.
These numbers weakened the Euro, and helped push GBP/EUR rates up by over 1 cent. We now have the best buying levels we’ve seen in over a week; however it could be the case rates come back down again, depending on tomorrows UK GDP numbers.
What’s happening with the Pound?
The poor numbers from Europe overshadowed some negative UK data this morning which the markets didn’t react to. There was a surprise fall in British factory orders, with the CBI industrial trend's survey showing that demand had fallen unexpectedly. The number was -23 against a forecast for -6, but the poor figures didn’t really weaken the Pound.
This was because Sterling has been given a little boost by the speech yesterday evening from Bank of England Governor Mervyn King.
He said that policymakers would have to think long and hard about conducting further Quantitative Easing measures. This now casts doubt on whether or not they will decide to opt for more QE in November.
Much will depend on tomorrows UK GDP figures. UK GDP data for the third is released tomorrow, and is expected to show the economy pulling back out of recession, according to forecasts.
If true, it will probably only show small growth anyway. The Quarterly forecast is for a 0.6% growth, and if the number is this or higher, we could see gains for Sterling.
In my opinion there’s more chance of a fall in rates, as a poor GDP number report will put pressure on the BoE to conduct more QE. However as stated above, his comments yesterday cast doubt on when this will happen. He also said that QE was reaching its limits of effectiveness.
Summary
So for the coming weeks, it’s the shadow of QE that will likely continue to drive exchange rates. As always things can go either way, but I think there’s more chance of the Pound weakening than it is to suddenly gain in value.
Any growth figures will only really show that we’re barely out of recession, hardly the huge upswing in productivity that the economy needs to return to sustainable growth.
If you need to buy or sell Euros or indeed any major international currency, send me a free enquiry today. I can discuss your requirements, explain the options you have to protect against rates moving away, and the rates we can provide are up to 5% better than available at banks and other financial institutions.
Click here to send a free no obligation enquiry now.
Source | Foreign Exchange Rate Forecasts | http://foremostcurrencygroup.blogspot.com/2012/10/poundeuro-at-1-week-high-gdp-figures.html
Good afternoon. In this afternoon's post I'm going to take a look at the EU numbers that have pushed GBP/EUR rates up, and also have a look at what effect tomorrow's UK GDP figures could have on exchange rates. Don't forget, if you're looking for the best exchange rates you can send me a free enquiry, and have a no obligation consultation on your requirements, find out more about our service and the options available to you.
Pound hits 1 week high against Euro, GDP figures tomorrow
After weeks of decline, there was some good news for GBP/EUR buyers this morning, as negative data from Europe weakened the single currency and pushed rates up by a point. The disappointing economic data from the euro zone included poor inflation numbers from Germany and the EU, along with a consumer confidence survey that was much worse than expected.These numbers weakened the Euro, and helped push GBP/EUR rates up by over 1 cent. We now have the best buying levels we’ve seen in over a week; however it could be the case rates come back down again, depending on tomorrows UK GDP numbers.
What’s happening with the Pound?
The poor numbers from Europe overshadowed some negative UK data this morning which the markets didn’t react to. There was a surprise fall in British factory orders, with the CBI industrial trend's survey showing that demand had fallen unexpectedly. The number was -23 against a forecast for -6, but the poor figures didn’t really weaken the Pound. This was because Sterling has been given a little boost by the speech yesterday evening from Bank of England Governor Mervyn King.
He said that policymakers would have to think long and hard about conducting further Quantitative Easing measures. This now casts doubt on whether or not they will decide to opt for more QE in November.
Much will depend on tomorrows UK GDP figures. UK GDP data for the third is released tomorrow, and is expected to show the economy pulling back out of recession, according to forecasts.
If true, it will probably only show small growth anyway. The Quarterly forecast is for a 0.6% growth, and if the number is this or higher, we could see gains for Sterling.
In my opinion there’s more chance of a fall in rates, as a poor GDP number report will put pressure on the BoE to conduct more QE. However as stated above, his comments yesterday cast doubt on when this will happen. He also said that QE was reaching its limits of effectiveness.
Summary
So for the coming weeks, it’s the shadow of QE that will likely continue to drive exchange rates. As always things can go either way, but I think there’s more chance of the Pound weakening than it is to suddenly gain in value.Any growth figures will only really show that we’re barely out of recession, hardly the huge upswing in productivity that the economy needs to return to sustainable growth.
If you need to buy or sell Euros or indeed any major international currency, send me a free enquiry today. I can discuss your requirements, explain the options you have to protect against rates moving away, and the rates we can provide are up to 5% better than available at banks and other financial institutions.
Click here to send a free no obligation enquiry now.
Source | Foreign Exchange Rate Forecasts | http://foremostcurrencygroup.blogspot.com/2012/10/poundeuro-at-1-week-high-gdp-figures.html
Sunday, November 11, 2012
U.S. Stocks Advance for Third Week as Earnings Beat Estimates
U.S. stocks rose for a third week, completing the Dow Jones Industrial Average’s best month since 2002, as companies from Motorola Inc. to MasterCard Inc. topped analysts’ profit estimates.
Amgen Inc., the world’s largest biotechnology company, and Dow Chemical Co., the largest U.S. chemical maker, gained after earnings beat projections. General Electric Co. surged 11 percent on speculation new banking rules will allow it to keep its finance unit. Yahoo! Inc. slumped after terms of an Internet-search accord with Microsoft Corp. were less favorable than analysts predicted.
“What’s been driving the market is the idea that maybe this recession isn’t going to be as severe or prolonged as we thought,” said Samuel Stewart, president of Wasatch Funds, which manages billion in Salt Lake City. “The market is now behaving as though the credit crisis was a blip on the radar.”
The S&P 500 rose 0.8 percent to 987.48, the highest since Nov. 4, capping its fifth straight monthly advance. The main benchmark for American equity has rebounded 46 percent from a 12-year low on March 9. The Dow Jones Industrial Average rose 78.37 points, or 0.9 percent, to 9,171.61, extending its monthly advance to 8.6 percent, the biggest since October 2002. The Russell 2000 Index of small companies added 1.5 percent to 556.71.
Earnings Top Estimates
About three-quarters of the 148 companies in the S&P 500 that released second-quarter results this week topped estimates, according to data compiled by Bloomberg. Companies slated to report next week include Kraft Foods Inc., Procter & Gamble Co. and Cisco Systems Inc.
Companies in the S&P 500 are still headed for a record eighth consecutive decline in quarterly profits. Per-share earnings have tumbled 32 percent for the 352 companies in the S&P 500 that have reported results since June 17. Analyst estimates compiled by call for a 31 percent drop in the second quarter and a 22 percent third-quarter decline. While earnings are falling, results have topped projections by an average 10 percent.
“There is a broader sense that the decline is over,” said Stephen Lieber, chief investment officer of Alpine Mutual Funds in Purchase, New York, which manages billion. “Corporate earnings in the last week have been singular in importance.”
Motorola climbed 8.8 percent to .16. The biggest U.S. mobile-phone maker posted a narrower second-quarter loss than analysts projected, helped by job cuts and a recovery in handset shipments.
MasterCard Climbs
MasterCard rose 4.6 percent to 4.03. The world’s second- biggest payment-card network reported earnings excluding some items of .68 a share, 11 percent higher than the average analyst estimate. MasterCard raised fees, slashed expenses and processed more transactions during the quarter.
Amgen added 2.3 percent to .31. The world’s largest biotechnology company raised its full-year earnings forecast after second-quarter profit excluding some items beat the average analyst estimate by 11 percent. Amgen cut research costs and increased sales of its arthritis drug Enbrel.
Dow Chemical advanced 4.9 percent to .17. The largest U.S. chemical maker posted an unexpected second-quarter profit as demand for its products stabilized. The average analyst estimate was for a loss.
GE Gains
General Electric, the world’s biggest non-bank financial company, advanced 11 percent to .40. U.S. Representative Barney Frank said manufacturers that already own finance businesses should be allowed under revised banking rules to retain them without being subject to Federal Reserve oversight of their manufacturing operations. Frank heads the U.S. House Financial Services Committee.
Financial stocks in the S&P 500 climbed 4.4 percent, the steepest among 10 industries. Old National Bancorp, an Indiana- based financial-service company, reported second-quarter profit excluding some items that was more than four times the average analyst estimate, sparking a rally in regional banks.
Marshall & Ilsley Corp., Wisconsin’s largest lender, led gains, surging 26 percent to .04. Old National climbed 15 percent to .30 and Zions Bancorp., the Utah lender that operates in 10 Western states, rose 21 percent to .58.
Yahoo fell 18 percent to .32. The owner of the second- most popular U.S. Internet search engine will use Microsoft’s search engine on its Web sites and sell ads that appear next to search results. The agreement with Microsoft, the world’s largest software maker, didn’t include an upfront payment for Yahoo, which some analysts had estimated could be as much as billion.
Recession Saps Demand
Exxon Mobil Corp. led energy companies to the second- biggest decline among the S&P 500’s 10 main industry groups. The world’s largest energy company fell 2.6 percent to .39 after reporting its lowest profit in more than five years as the recession sapped fuel demand.
Masco Corp. rose 26 percent to .93 for the biggest gain in the S&P 500. The insulation installer forecast a loss this year of as little as 5 cents a share, compared with the average analyst loss estimate of 26 cents.
Akamai Technologies Inc. fell 22 percent to .44 for the biggest drop in the S&P 500. The provider of software that makes Web sites load faster reported profit excluding some items of 40 cents a share in the second quarter, missing the average analyst estimate by 1.5 percent.
Reports next week will probably show employers cut jobs at a slower pace in July and the factory slump eased, according to economists’ forecasts, suggesting the recession is ending.
Source | Forex News | http://forexnews-4all.blogspot.com/2009/08/us-stocks-advance-for-third-week-as.html
Amgen Inc., the world’s largest biotechnology company, and Dow Chemical Co., the largest U.S. chemical maker, gained after earnings beat projections. General Electric Co. surged 11 percent on speculation new banking rules will allow it to keep its finance unit. Yahoo! Inc. slumped after terms of an Internet-search accord with Microsoft Corp. were less favorable than analysts predicted.
“What’s been driving the market is the idea that maybe this recession isn’t going to be as severe or prolonged as we thought,” said Samuel Stewart, president of Wasatch Funds, which manages billion in Salt Lake City. “The market is now behaving as though the credit crisis was a blip on the radar.”
The S&P 500 rose 0.8 percent to 987.48, the highest since Nov. 4, capping its fifth straight monthly advance. The main benchmark for American equity has rebounded 46 percent from a 12-year low on March 9. The Dow Jones Industrial Average rose 78.37 points, or 0.9 percent, to 9,171.61, extending its monthly advance to 8.6 percent, the biggest since October 2002. The Russell 2000 Index of small companies added 1.5 percent to 556.71.
Earnings Top Estimates
About three-quarters of the 148 companies in the S&P 500 that released second-quarter results this week topped estimates, according to data compiled by Bloomberg. Companies slated to report next week include Kraft Foods Inc., Procter & Gamble Co. and Cisco Systems Inc.
Companies in the S&P 500 are still headed for a record eighth consecutive decline in quarterly profits. Per-share earnings have tumbled 32 percent for the 352 companies in the S&P 500 that have reported results since June 17. Analyst estimates compiled by call for a 31 percent drop in the second quarter and a 22 percent third-quarter decline. While earnings are falling, results have topped projections by an average 10 percent.
“There is a broader sense that the decline is over,” said Stephen Lieber, chief investment officer of Alpine Mutual Funds in Purchase, New York, which manages billion. “Corporate earnings in the last week have been singular in importance.”
Motorola climbed 8.8 percent to .16. The biggest U.S. mobile-phone maker posted a narrower second-quarter loss than analysts projected, helped by job cuts and a recovery in handset shipments.
MasterCard Climbs
MasterCard rose 4.6 percent to 4.03. The world’s second- biggest payment-card network reported earnings excluding some items of .68 a share, 11 percent higher than the average analyst estimate. MasterCard raised fees, slashed expenses and processed more transactions during the quarter.
Amgen added 2.3 percent to .31. The world’s largest biotechnology company raised its full-year earnings forecast after second-quarter profit excluding some items beat the average analyst estimate by 11 percent. Amgen cut research costs and increased sales of its arthritis drug Enbrel.
Dow Chemical advanced 4.9 percent to .17. The largest U.S. chemical maker posted an unexpected second-quarter profit as demand for its products stabilized. The average analyst estimate was for a loss.
GE Gains
General Electric, the world’s biggest non-bank financial company, advanced 11 percent to .40. U.S. Representative Barney Frank said manufacturers that already own finance businesses should be allowed under revised banking rules to retain them without being subject to Federal Reserve oversight of their manufacturing operations. Frank heads the U.S. House Financial Services Committee.
Financial stocks in the S&P 500 climbed 4.4 percent, the steepest among 10 industries. Old National Bancorp, an Indiana- based financial-service company, reported second-quarter profit excluding some items that was more than four times the average analyst estimate, sparking a rally in regional banks.
Marshall & Ilsley Corp., Wisconsin’s largest lender, led gains, surging 26 percent to .04. Old National climbed 15 percent to .30 and Zions Bancorp., the Utah lender that operates in 10 Western states, rose 21 percent to .58.
Yahoo fell 18 percent to .32. The owner of the second- most popular U.S. Internet search engine will use Microsoft’s search engine on its Web sites and sell ads that appear next to search results. The agreement with Microsoft, the world’s largest software maker, didn’t include an upfront payment for Yahoo, which some analysts had estimated could be as much as billion.
Recession Saps Demand
Exxon Mobil Corp. led energy companies to the second- biggest decline among the S&P 500’s 10 main industry groups. The world’s largest energy company fell 2.6 percent to .39 after reporting its lowest profit in more than five years as the recession sapped fuel demand.
Masco Corp. rose 26 percent to .93 for the biggest gain in the S&P 500. The insulation installer forecast a loss this year of as little as 5 cents a share, compared with the average analyst loss estimate of 26 cents.
Akamai Technologies Inc. fell 22 percent to .44 for the biggest drop in the S&P 500. The provider of software that makes Web sites load faster reported profit excluding some items of 40 cents a share in the second quarter, missing the average analyst estimate by 1.5 percent.
Reports next week will probably show employers cut jobs at a slower pace in July and the factory slump eased, according to economists’ forecasts, suggesting the recession is ending.
Source | Forex News | http://forexnews-4all.blogspot.com/2009/08/us-stocks-advance-for-third-week-as.html
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