December 2012 -

some easy tips for Risk Management in the Forex Mortgage

December 28, 2012 1:50 pm GMT+0  in Forex Articles

Risk management is a vital part in Forex mortgage trading. So If you are ready to touch the base it is very necessary for you to know the tricks to manage the risks associated with it. To manage the risks involved you first need to understand the risks associated with it. Minimize the Transaction exposure: […]

Pound/Dollar – Triple Top Technical Rejection – Fiscal cliff In Focus

December 27, 2012 10:28 am GMT+0  in Forex Fundamentals and News

Pound/Dollar – Triple Top Rejection – Fiscal cliff In Focus  As noted in our recent updates the pound/dollar currency pair has now failed on three separate attempts to break sustainably through the 1.6300 area.  The 1.6300 area triple-top rejection has now seen an extended follow through over the recent trading sessions. Market participants attention is […]

USD/JPY Breaks Over 85.00

December 27, 2012 12:44 am GMT+0  in Forex Fundamentals and News

USD/JPY Broke over the psychological level of 85.00 first time since April 2011. After the Tsunami hit Japan on March 11, 2011 with an earth quake of 9.0 magnitude on Richter scale, they Japanese Yen had gone down to 76.59 on March 16th 2011 but then had recovered to touch 85.52 on April 5th 2011. This was […]

Euro/Dollar Analysis Update – Thin Illiquid Trading Anticipated

December 26, 2012 1:41 pm GMT+0  in Forex Fundamentals and News

Euro/Dollar Analysis Update – Thin Illiquid Trading Anticipated Near Year End The 1.3300 area pinbar from last week was followed by a drop of around 60 pips and a test of the recent range highs.  The euro had subsequently found a bid after a decline to previous 1.3171 area resistance. Relative inactivity could now be the […]

Gold Technical Analysis – Dec 24th

December 26, 2012 12:02 am GMT+0  in Trading with Other Commodities

Gold Technical Analysis – Dec 24th Gold Technical Analysis The price of gold has found support at a key level comprised of the following technical points of interest:  61.8% Fibonacci retrace, FE100 expansion from a potential ABC correction point and the previous resistance area around $1630 – as highlighted in our previous update. The latest reversal came just above this tight confluence level […]

Countdown to the Fiscal Cliff – Dec 25, 2012

December 25, 2012 10:25 am GMT+0  in U.S.

There are increasing signs that perhaps the U.S. will indeed go over the fiscal cliff. As of now, there is no sign of a concrete proposal on the table that can be debated and negotiated. Congress is in recess while both President Obama and Speaker Boehner have proceeded out of town on vacation. Any action […]

Desperate Times May Cost the Bank of Japan its Independence

December 23, 2012 10:24 am GMT+0  in Japan

“We expect (the BOJ) to discuss it at the next policy board meeting.” That is incoming Japanese Prime Minister Shinzo Abe’s brief to the Bank of Japan with respect to his 2% target for inflation. Abe’s statement, spoken during a television interview today, is backed up with a simple threat in case the BOJ does […]

Chart Alert: GBP/USD’s Failure To Sustain Over 1.6300

December 23, 2012 2:23 am GMT+0  in Chart Alert

GBP/USD saw some consolidation during the later part of the last week. Some more consolidation is expected. The daily chart shows the possible support near 1.6130 where the previous resistance should work as support and this should get strength by the current trend line. GBP/USD Daily Chart:

GBP/JPY Failing Below 138.00

December 23, 2012 1:53 am GMT+0  in Chart Alert

GBP/JPY’s  failure below 138.00 after going as high as 137.86 and the wide gap between the opening price and the highs of past 3 trading days suggest a possible consolidation. The 38.2% retracement level of the upward move during November 12th/13th to December 19th, 2012 is quite close to the high of the previous sideways […]

EUR/USD Breaking Two Support Levels

December 22, 2012 9:58 am GMT+0  in Chart Alert

This chart alert is subsequent to this previous EUR/USD alert. The currency pair managed to break the recent continuous support of 5-day EMA as well as the Tenkan-line level of daily Ichimoku cloud. Though the weekly closing was approximately at the 5-day EMA but these breaks indicate the possibilities for some more consolidation, especially after […]

Countdown to the Fiscal Cliff – Dec 21, 2012

December 21, 2012 8:13 am GMT+0  in U.S.

Hard won concessions wrested from each other by Obama and Boehner faced a serious setback Thursday when Republicans cancelled a vote on Boehner’s Plan B legislation. Boehner’s plan proposed to raise taxes on the rich, those earning over $1 million per annum. Though the bill was largely symbolic, as it would have passed in the […]

EUR/USD Seems To Have Stuck Up

December 21, 2012 1:23 am GMT+0  in Chart Alert

EUR/USD’s current price action is still near the support of 5-day EMA and this support has been working good for past few days. However, the last two daily red candles show a wide gap between the highs and the closing price and that indicates possibilities of some consolidation towards 1.3140/1.3120 if there is a break […]