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Keep Visiting Forexlearner for Latest Forex Daily Levels, Forex Live Rates, Forex Recommendations, Forex News*** "Headline News" October 05, 2007--- JAPAN ECON: Leading Index m/m 30.0% As Expected----

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Short/Sell
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FOREX SYGNALS SYSTEM

EURO

Latest trading recommendations 08.00 BST, 03.00 EST)  23-05-08 

Currency Date Time Strategy First Target Second target
EUR/US$ (buy) 22-05-08 13.00 Short term buy at 1.5635 1.5655 1.5675
EUR/US$ (sell) 23-05-08 08.00 Short-term, sell at 1.5810 1.5780 1.5750
US$/CHF (buy) 23-05-08 08.00 Short term, buy at 1.0255 1.0275 1.0295
US$/CHF (sell) 22-05-08 13.00 Short term, sell at 1.0395 1.0375 1.0355
AUD/US$ 21-05-08 13.00 Short term, sell at 0.9650 0.9620 0.9590
US$/CAD 21-05-08 13.00 Short term, buy at 0.9830 0.9850 0.9870
EUR/CHF 19-05-08 13.00 Short term, sell at 1.6350 1.6330 1.6310

(We suggest investors make their own stop-loss decisions. We will, however, assume that all trades have stop losses at 30 pips from entry unless we advise otherwise)

Pound

Latest short-term trading recommendations 08.00 BST, (03.00 EST)  23-05-08

Currency Date Time Strategy First target Second target
GBP/US$ (buy) 23-05-08 08.00 Short term buy at 1.9550 1.9580 1.9610
GBP/US$ (sell) 23-05-08 08.00 Short term sell at 1.9840 1.9815 1.9790
EUR/GBP (buy) 06-05-08 13.00 Short term, buy at 0.7810 0.7830 0.7850
EUR/GBP (sell) 23-05-08 08.00 Short term, sell at 0.8000 0.7980 0.7960
           

(We suggest investors make their own decisions on stop-loss positions. We will, however assume that all trades have stop losses at 30 points unless we advise otherwise)

Friday, November 2, 2007

Stock prices plunge causing risk aversion. High Yielder's head lower



U.S. Dollar Trading (USD) rebounded against a number of currencies as investors took a risk aversion approach to the market. A sharp plunge in stock prices prompted investors to unwind risky trades on a rebounding Japanese yen, relieving the USD against a number of currencies. Many of the moves were prompted by another two earnings downgrade by Citigroup, pushing share prices lower by 6.6%. In other data news, releases were mixed on Thursday, with positive readings in Durable Goods, whilst ISM manufacturing failed to provide any further support coming in softer than expected at 50.9, it lowest level since March. In U.S. share markets the NASDAQ was down 64.29 points (-2.25%) whilst the Dow Jones plummeted 362.14 points (-2.6%). Crude oil traded at another record high of US$96.24 a barrel to before closing lower by US$1.04 a barrel to US$93.49. Looking ahead, plenty of emphasis will be placed on Non Farm Payrolls. Payrolls will be supported by other jobs data in Unemployment rate for the month of October.

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[ Source : Easy Forex]

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