» Banks » Forex Brokers » Stock Brokers » Insurance Companies
» Best Forex&Stocks: News :: Books :: Software :: Education :: Forums :: Blogs :: Directory
» Forex News & Reviews » Stock News » Futures News » Investment News
Search 
Live forex & financial news Forex outlook Forex reviews & forecasts Market analysis Forex brokers rating Forex brokers news Glossary
CURRENCY TRADING SUMMARY – 19th March (00:30GMT)
U.S. Dollar Trading (USD) was strong across the board on the weak Euro news and US discount rate hike rumor. Weekly Jobless Claims improved to 457k vs. 462k previously and US CPI was 0.0% in February...
The Euro (EUR) was hurt comments from a Greece official at the start of Europe that the IMF may be looked to for support as EU commitments so far have fallen short of financial support...
The Japanese Yen (JPY) risk aversion sent the USD/JPY through Y90 in Early Europe before solid buying was found and the pair rallied 100 pips to 90.80 on US discount rate rumors...
The Sterling (GBP) mixed data and and a stronger USD forced the Pound to give up Wednesday's gains and the pair slipped back to lower 1.52 support...
Forex Radio Listen to the Forex Radio: Has the Greenback Bottomed? »»»
Forex brokers rating
Banks rating
Stock brokers rating
Insurance companies rating
Forex brokers news
Add Live Prices with iGoogle // 03-19-2010
The "Symbol of Transparency" Award, February 2010 // 03-19-2010
FXOpen opens new office in Egypt // 03-19-2010

FXOpen opens new office in Egypt

FXOpen opens its training centre in the middle-east to reinforce capital markets trading education in the region

February 1, 2010. FXOpen Investment Inc. takes pride in announcing the launch of its new educational office in Alexandria, Egypt. The training centre was opened by FXOpen's division Egyptian Arabian Trading Association (EATA) on February 1st, 2010 to provide comprehensive FOREX trading education to the regional locals.

FXOpen aims to contribute to the development of traders in lucrative capital markets and encourages the growth of local traders' potential. The highly reputable company is honoured to be part of the rising demand for effective training and development of traders.

EATA, representative of the company, plays a significant role in FXOpen services of the region. Staffed by an accredited and experienced team of market trading professionals EATA is dedicated to adapt and serve the needs of traders across Egypt, Africa and throughout the Middle East.

"The Middle East has been crying out for decently priced and effective training in technical and fundamental analysis of capital markets", asserts Jafar Calley, FXOpen Head of Client Relations. "EATA was established to meet this demand. We also hope to create a social network of like minded traders so that we can all grow and make profit together and not depart after the lessons are completed"."The Egyptian Forex market is flourishing despite small government restrictions; however traders are free to trade with foreign companies legally and without restriction", he added.

According to Denis Peganov, FXOpen Development Director, "Alexandria has been a major centre of commerce and trade for several centuries. It is only fitting that we continue the tradition in a modern way with online trading. The company's mission is to provide an education and support structure that will serve to make all students become profitable traders and help them maintain profitability ".

Meeting the demands of both active and new traders who are eager to grow in this field, the company will provide its utmost through quality education. EATA is proud to continue FXOpen's commitment to helping ordinary traders become profitable professionals in a very lucrative yet risky market.

Banks news
Grupo Financiero HSBC SA de CV Fourth Quarter 2009 financial results // 03-13-2010
Wells Fargo Customers Save 100,000 Trees Through Online Statements and Envelope-Free ATMs // 03-13-2010
HSBC Holdings plc 2009 final results - highlights // 03-12-2010
Stock brokers news
U.S. STOCK MARKET INDICES // 03-12-2010
COFFEE // 03-12-2010
BULLION // 03-12-2010
Insurance companies news
Swiss Re provides provisional estimates of its losses from the Chilean earthquake and the European winter storm Xynthia // 03-13-2010
ABC, CBS, NBC Join Obama's Attack on Insurance Companies // 03-12-2010
When Health Insurance Companies Attack // 03-12-2010
Forex brokers rating
CMS Forex
Dukascopy
FXCM
Admiral Markets
eToro
Forex Club
IG Markets
Easy Forex
Broco
eTrade
FXSol
MasterForex
MIG Investments
Saxo Bank
Forex
Oandaa
GFT Forex
03-19-2010
EUR/USD 1.3625 Technical Analysis
EUR/USD Open 1.3610 High 1.3739 Low 1.3590 Close 1.3607

The widened budget deficit in Europe and the risk aversion dragged the Euro lower on Thursday, in line with the the Interbank sentiment projection at -16.4%. The currency couple decreased yesterday from 1.3739 down to 1.3590, closing the day at 1.3607. The maintaining of the secondary bullish channel on the 3 hour chart is still valid, especially is we see convincing pull above the nearest resistance and Wednesday's peak at 1.3810, which we will observe for medium term outlook. Going bellow Thursday's bottom and nearest support for today at 1.3590, however, should confirm continuation of the bearish trend, towards next objective 1.3502. Today is the Germany's PPI at 7:00 GMT. Quotes are moving bellow the 50 and 20 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is positive and rising, while MACD and CCI are around zero and inclining upwards on the 1 hour chart, giving overall mixed signals.
Technical resistance levels: 1.3739 1.3810 1.3895
Technical support levels: 1.3590 1.3502 1.3413

Yesterday we made +41 pips profit on EUR/USD from the following signal:
5:34 GMT Sell EUR/USD at 1.3688 SL 1.3714 TP 1.3638 exit sent 7:53 GMT
Total yesterday +175.

Source link

Breaking Forex Brokers News
Add Live Prices with iGoogle // 03-19-2010
We are pleased to launch a live prices tool for use with iGoogle.
The "Symbol of Transparency" Award, February 2010 // 03-19-2010
The 2nd edition of Dukascopy’s Trader of the Month celebrated Mr. Chu Fu Chiu, and took place on the afternoon of Tuesday 16.03.2010 at the usual venue of Le Beau-Rivage in Geneva.
FXOpen opens new office in Egypt // 03-19-2010
FXOpen opens its training centre in the middle-east to reinforce capital markets trading education in the region...
Saxo Bank makes new appointments to its Board // 03-18-2010
New additions to drive bank's onward development
FOREX.com Analysts Predict Choppy Seas Ahead for Traders in Second Quarter 2010 // 03-18-2010
Foreign Exchange and Commodity Markets Analysis Presented in Quarterly Markets Outlook
Daily Forex Snap-Shots

No SNB In Sight
• SNB Policy Board Member Danthine sank the EURCHF when he stated that consumers need to prepare now for a return to higher rates and market defined FX-rates (later backtracked). EURCHF 1.4380 last
• NZ Feb credit card billings printed at -0.3% m/m, +1.1% y/y, vs. Jan +1.4%, +2.7%.
• Yesterday rumours of another hike to the US discount rate to be announced at sent the USD surging; DXY up nearly 1% on day.
• Greek Prime Minister quoted as saying he prefers European solution for Greek problems instead of IMF. Later said he was "joking"
EURUSD
Chart EURUSD(M15)
USDJPY
Chart USDJPY(M15)
Daily Forex Reviews
03-19-2010
Forex Overview
The euro rose against the yen and dollar in Asia Friday as Japanese short-term investors who have recently bet heavily against the common currency bought it back to hedge against the slight chance it may rise into next week...
03-19-2010
British Pound Declines After BOE’s Sentence Sees Risk of Double Dip Recession
The British Pound slid 0.4 percent against the US Dollar late into overnight after the Bank of England’s Andrew Sentence said he sees some risks of a double dip recession and warned of shocks along the way to economic recovery...
03-19-2010
Daily Forecast
EUR/USD Trading range: 1.3635 - 1.3535; Trend: Downward; Sell at 1.3625; SL 1.3657; TP 1.3548...
03-18-2010
Forex Overview
The euro fell against the dollar and yen in Asia Thursday as news that Greece may seek help from the International Monetary Fund caused currency players to offload the single currency...
03-18-2010
Daily Forecast
EUR/USD Trading range: 1.3740 - 1.3640; Trend: Downward; Sell at 1.3727; SL 1.3759; TP 1.3650...


Disclaimer :: Contact us :: Forex Links :: Sitemap

This material may not be published, broadcast, rewritten or redistributed, unless authorized by the editor.
© 2006-2008 FX-Reviews.com