Will Retail sales lift risk appetite?
Today the retail sales figure is due with investors eyeing a fall of -0.2% MoM. Although the figure expected is negative investors bet on a March rebound in sales as snow storms and harsh winter conditions are considered to be the factors behind the dented February sales. Since the credit crisis has erupted consumer spending [...]
Continue reading...11. March 2010
Interview with a champ: “Enjoy your trading, avoid emotions and follow the Forex trend.”
gdfaivre975, the Winner of last week’s trading challenge, shares his trading experience with eToro’s community Profile: Age: 55 Country: Région de l’Oise Le Fayel, France Family status: Married Occupation: Pilot on Falcon 7X based in Moscow Experience: 7 month Initial deposit at eToro: 500 Euros Preferred currency: EUR/USD Hobbies: Horses, cars and motorbikes Q: Why are you trading with eToro? A: Because it’s easy to use [...]
Continue reading...11. March 2010
Gold under pressure
Gold shed more than 30$ from its price in recent days settling around 1,108$, as Greek debt woes and lower risk appetite loomed. Although in the FX arena the Dollar trade rather stabilized with the Euro and the Sterling rebounding from their lows Gold remained under pressure. China has [...]
Continue reading...11. March 2010
Technical Update-Gold
Long Term Trading Advise- Current risk reward ratio for a long term bearish trend is rather high, wait for a rebound around 1,120$ and use the 1,130$ key resistance to place your stop loss above it, ride the bearish momentum with 1,072$ as your target. Short Term Trading Advise-For the short term trader a good risk [...]
Continue reading...10. March 2010
Market Technical Update
Trading advice: Trade with the range Although the pair is currently trading sideways on a daily basis, a good idea would be to take advantage of the current range for short term trading. The pair has found support around 1.352 and since then has slowly rebounded..Use the 1.352 as support with a target of the 1.369. [...]
Continue reading...10. March 2010
Daily Market Review for 10th, Mar 2010
The markets presented an unstable session yesterday, bouncing at the opening bell, only to close with minor gains. Cisco has been a major mover over the last couple of trading days and has helped to drive techs to higher ground. According to recent news headlines Cisco has stated that its new high-speed data router has [...]
Continue reading...8. March 2010
FX sentiment cautious, Euro and Sterling slide
The Euro and the Sterling gave up earlier gains from last week as risk aversion play weighed on the high yielders. Last week the high yielding currencies among them the Euro and the Sterling were able to recover losses and rebound against the Dollar and the Yen as better than expected job figures lifted [...]
Continue reading...8. March 2010
Weekly Market Update 8th Mar, 10
The global markets jumped higher last week, capping off a robust trading week for the S&P 500 Index. The benchmark index finished the week up 34 points or 3%. The UK FTSE Index hit a new 52 week high and is now dealing with its 200 week moving average. Oil and Gasoline, had solid gains [...]
Continue reading...7. March 2010
Eye on the Yen
After dipping below the 89 level against the Dollar rumors over BoJ stimulus pushed the Dollar Yen trade above the 90 mark once again. Ahead of the Japanese GDP figures investors are betting Japanese growth will be revised downwards from the preliminary figure of 4.6% YoY published in February as capital expenditures, one of the [...]
Continue reading...5. March 2010
China to keep Yuan stable
The Chinese Prime Minister Wen Jiabao in his speech to the Chinese nation reiterated that Yuan exchange rate will be kept stable and stressed that more internal consumption is needed for a full recovery. The Prime minister pledged to keep monetary conditions easy to support growth while providing a rather carful outlook for the Chinese [...]
Continue reading...
eToro – Forex Trading Forum
- Weekly Market Review February 22, 2010
- Happy Deposit Day February 10, 2010
- Weekly Market Review February 8, 2010
- February 5, Non-Farm Payroll February 5, 2010
- February 4-Economic News February 4, 2010
- The week in Review and the week to come February 1, 2010
- US and Canadian GDP Announcements Jan 29 January 29, 2010
- Earn Like Professionals Do!!! September 15, 2009
- FOREX WEATHER REPORT- MARKETS AHEAD(WEEKLY ANALYSIS) August 15, 2009
- Ten Roadblocks to Success often faced by Forex traders July 18, 2009
12. March 2010
0 Comments