Welcome
|
 FOREX (FOReign EXchange market) is an international foreign exchange market,
where money is sold and bought freely. In its present condition FOREX was
launched in the 1970s, when free exchange rates were introduced, and only the
participants of the market determine the price of one currency against the other
proceeding from supply and demand.
As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.
  
|
|
|
Technical Analysis Reports (UPDATED) |
-
Last Day Selling.....
We finally saw the market pull back some late today as those high RSI readings kicked in. It wasn't the type of selling that says the market is doomed from here because that's not likely the case at all. When markets get overbought they need to unwind so you have...
-
Short Sterling ? December 2010
Comment: Solid volume and soaring open interest in this contract last week suggest many are acutely aware of the availability (or not) and cost of capital. The UK Treasury yield curve is still extremely steep, two?s/tens a whopping 300 basis points and really ought to flatten a bit soon. ?Channel?...
-
Crude is trying to get towards the 84.37 key resistance level
Market Comment S&P futures looking like it will potentially to test the 1148 (2010 high) near term, but don?t expect any major rally above the 1160 level or so near term. We note that German Dax index upside contained by Sigma +2 band so far (2 standard deviation line). See...
-
EUR/GBP, USD/CAD, GBP/JPY Technicals
EUR/GBP March 10, 2010 Current level-0.9090 4 hour chart Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: tested 0,9100 the euro bulls need to drill through this tough resistance to push up to 0,9150. The...
-
The GBP fell for a third day against the USD after it reached a low at 1.4957
Good morning from wonderful Hamburg and welcome to Varengold Bank?s Daily FX Comment. The Chinese economic data seems to have an influence on the Japanese currency after the JPY fell against other currencies inside the Pacific region. Anyways, we wish you a nice trading day! Market review The JPY fell...
-
Technical Summary for Majors
EUR/USD Maintains negative near-term tone. Yesterday?s attempt at 1.3529, 05 Mar pivot, reached 1.3536, before bouncing to mark a possible lower top at 1.3615. Break below 1.3536/22 support zone would direct the market towards lower levels of 1.3433/1.3789 band. Res: 1.3615, 1.3640, 1.3690, 1.3703 Sup: 1.3529, 1.3513, 1.3485, 1.3443 GBP/USD...
-
Today's Trading Signals
The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the...
-
USD Makes Gains Against the GBP and the EUR
Daily Review 10/3/2010 USD Dollar (USD) ? The Dollar gained versus the Euro and the Pound and weakened versus the high yielding commodity linked currencies. Stock markets finished higher but weak fundamentals and fears across Europe helped the Dollar to gain. NASDAQ and Dow Jones gained by 0.36% and 0.11%...
|
|
e-CURRENCY EXCHANGE
|
|
