U.S. Dollar

Pair	Bid	Change	%	Open	High	Low	Close	Time
USDAED	3.6731	0.0001	0.0027	3.673	3.6731	3.6727	3.6731	Mon, Apr 20 2009, 07:30 GMT
USDARS	3.674	-0.006	-0.163	3.68	3.68	3.674	3.674	Mon, Apr 20 2009, 07:30 GMT
USDBRL	2.1935	0	0	2.1935	2.1935	2.177	2.1935	Mon, Apr 20 2009, 07:30 GMT
USDCLP	576.8	-2.7	-0.4659	579.5	579.5	576.8	576.8	Mon, Apr 20 2009, 03:18 GMT
USDCNY	6.8334	-0.0001	-0.0015	6.8335	6.8353	6.8284	6.8334	Mon, Apr 20 2009, 07:32 GMT
USDCZK	20.696	0.183	0.8921	20.513	20.76	20.47	20.696	Mon, Apr 20 2009, 07:36 GMT
USDEGP	5.6335	0	0	5.6345	5.6345	5.632	5.6335	Mon, Apr 20 2009, 06:37 GMT
USDHKD	7.7501	0.0001	0.0013	7.75	7.7506	7.7465	7.7501	Mon, Apr 20 2009, 07:34 GMT
USDHUF	228.22	1.67	0.7371	226.53	229.67	226.15	228.22	Mon, Apr 20 2009, 07:36 GMT
USDIDR	10690	-60	-0.5581	10750	10750	10690	10690	Mon, Apr 20 2009, 03:15 GMT
USDILS	4.1992	0.0372	0.8938	4.1617	4.2063	4.1582	4.1992	Mon, Apr 20 2009, 07:35 GMT
USDINR	49.965	0.185	0.3716	49.86	50.1	49.52	49.965	Mon, Apr 20 2009, 07:36 GMT
USDIRR	9978	0	0	9978	9978	9975	9978	Mon, Apr 20 2009, 07:30 GMT
USDISK	128.24	1.41	1.1117	128.24	128.24	128.24	128.24	Fri, Apr 17 2009, 11:03 GMT
USDJOD	0.708	0.001	0.1414	0.707	0.709	0.7041	0.708	Mon, Apr 20 2009, 07:30 GMT
USDKRW	1335	7.9	0.5953	1320	1347.5	1320	1335	Mon, Apr 20 2009, 07:20 GMT
USDKWD	0.29165	-0.00032	-0.1096	0.29174	0.29232	0.29125	0.29165	Mon, Apr 20 2009, 07:30 GMT
USDMXN	13.1592	0.0306	0.2331	13.09	13.1666	13.09	13.1592	Mon, Apr 20 2009, 07:23 GMT
USDMYR	3.6305	0.014	0.3871	3.6205	3.6405	3.618	3.6305	Mon, Apr 20 2009, 07:33 GMT
USDPHP	48.07	0.41	0.8603	47.65	48.15	47.65	48.07	Mon, Apr 20 2009, 07:35 GMT
USDPKR	80.53	0.62	0.7759	80.4	80.56	79.98	80.53	Mon, Apr 20 2009, 07:20 GMT
USDPLN	3.3429	0.0456	1.3829	3.297	3.356	3.2962	3.3429	Mon, Apr 20 2009, 07:36 GMT
USDRUB	33.542	0.092	0.275	33.37	33.5552	33.37	33.542	Mon, Apr 20 2009, 07:30 GMT
USDSAR	3.75	-0.0002	-0.0053	3.7503	3.7504	3.74	3.75	Mon, Apr 20 2009, 07:36 GMT
USDSGD	1.5074	0.0068	0.4532	1.5006	1.509	1.5002	1.5074	Mon, Apr 20 2009, 07:36 GMT
USDTHB	35.54	0.1	0.2822	35.45	35.66	35.34	35.54	Mon, Apr 20 2009, 07:35 GMT
USDTRY	1.6175	0.0007	0.0433	1.6168	1.622	1.6066	1.6175	Mon, Apr 20 2009, 07:36 GMT
USDTWD	33.834	0.024	0.071	33.76	33.897	33.722	33.834	Mon, Apr 20 2009, 07:33 GMT
USDZAR	9.0088	0.0533	0.5952	8.9302	9.0423	8.9165	9.0088	Mon, Apr 20 2009, 07:36 GMT

Solution by InteractiveData Data Source: InteractiveData

Archive

• Historical Data Foreign Exchange Rates

Key

AED	United Arab Emirates Dirham	ARS	Argentinean Peso	BRL	Brazilian Real
CLP	Chilean Peso	CNY	Chinese Yuan Renminbi	CZK	Czech Koruna
EGP	Egyptian Pound	HKD	Hong Kong Dollar	HUF	Hungarian Forint
IDR	Indonesian Rupiah	ILS	Israeli Shekel	INR	Indian Rupee
IRR	Iranian Rial	ISK	Icelandic Krona	JOD	Jordanian Dinar
KRW	South Korean Won	KWD	Kuwaiti Dinar	MXN	Mexican Peso
MYR	Malay Ringgit	PHP	Philippine Peso	PKR	Pakistani Rupee
PLN	Polish Zloty	RUB	Russian Rouble	SAR	Saudi Arabian Riyal
SGD	Singaporean Dollar	THB	Thai Baht	TRY	New Turkish Lira
TWD	Taiwanese Dollar	ZAR	South African Rand	ZWD	Zimbabwe Dollar

EUR/USD Daily Commentary for 4.15.09

The EUR/USD is consolidating above our 1st tier uptrend line, holding up relatively well considering the brisk selloff on Wall Street in reaction to disappointing U. S. economic data. The EUR/GBP continues its downturn with the GBP/USD looking to break out of our 2nd tier uptrend line.

Hence, we're witnessing the perpetuation of status quo among the Euro, Pound, and Dollar due to a lack of significant data from both the EU and Britain.

The Euro is still at a disadvantage with the ECB taking a vague monetary stance, and uncertainty hardly ever yields a positive performance in price. Will the ECB cut its benchmark further or initiate unorthodox liquidity processes? Nobody knows at this point.

Yen Grows as Stocks Fall in Japan

The decline in the Japanese stock market spurred a wave of growth for the Japanese yen today as the investors still unsure whether the recession trends are over or not yet.
The yen rose against all major currencies, while the dollar advanced against the high-yielders only (remaining stable against the British pound, which is no longer a risk currency). While the corporate reports in U.S. help some of their stocks to grow, the world is more skeptical about the growth with the Singapore and China expected to report economy cooldown.
The analysts say that the only real economy improvement currently happening is the U.S. housing sector recovering and the trade balance deficit decreasing. Other economies are yet to report declines in almost all sectors. Those reports will spur further yen’s growth, which may be accompanied by the U.S. dollar rising against some currencies.
EUR/JPY fell from 133.75 to 132.29 as of 9:46 GMT today. USD/JPY declined from 100.07 to 99.42, while GBP/JPY went down from 148.57 to 148.11 today.

U.S. Economy Reports Push Down the Australian and NZ Dollar

The Aussie and the kiwi lost ground against major currencies as producer prices and retail sales fell in the United States, changing the speculations about the global crisis that «the worst is behind us».
The world’s largest semiconductor company, Intel, reported less significant earnings in their first quarter results as the S&P 500 Index fell by 0.7%. These results destroyed the rumors that, in the beginning of the week, were indicating an eventual improvement in America’s economy, which could confirm hopes that the international crisis scenario would be already in a process of melioration.
After the bullish rally which occurred during the past few days, analysts said that a correction process for the AUD and NZD could be expected, mainly taking into consideration the weakened U.S. retail sales data. Being the news from U.S. not the only factor that forced the Aussie and the kiwi down, commodity prices also showed a fall, creating all the necessary conditions for profiting with the major currencies traded with the AUD and NZD.
The AUD/USD traded at 0.7199, falling more than 80 pips in the intraday comparison. The NZD fell even more against the USD, being the pair traded at 0.5782 from yesterday’s level of 0.5880. The NZD/JPY was traded at 57.29, a significant decline from 58.65.

Currency Options Show Strongest Sentiment for GBP in 4 Years

Great Britain pound traders’ optimism, suggested by the currency options market, indicate that a strong bullish sentiment against the euro is currently active on the Forex market.
For a period of more than 3 years, the euro remained in advantage against the pound in the currency options market. This tendency has been reversed, as traders are now paying 0.25 percentage-point for one-week call options on the pound if compared to puts. Call options are those where traders have the right to buy an asset, while put options oppositely, give the right to sell assets. The turning point in the EUR/GBP market occurred on April 3, and, since April 6, the market favored the pound in every day but one.
A growing sentiment that the euro will slide against major currencies, specially the pound, can be increasingly felt, according to London analysts. Forecasts expect the pound to lose value until the month of May, and following a possible end in the global stocks rally, the pound will strengthen against the ECB currency.
The EUR/GBP was traded at 0.8839 in today’s session, with a depreciation movement for the euro. Yesterday, the pair was traded at 0.8915. The pound also rallied against the Swiss franc, being the GBP/CHF traded at 1.7131 from 1.6990

Pound Surges as Confidence Grows in Financial Markets

The increasing confidence in Prime Minister Gordon Brown helped the pound to rally to $1.50 for the first time in three months.
The pound sterling has been showing a significant rise against major currencies since the beginning of the year, if compared to the USD, it has strengthened 2.6%, and more than 8% against the euro. Polls in the United Kingdom show that the Prime Minister’s party, for the past year, trailed the Conservatives, led by David Cameron. Among speculator’s opinions, the United Kingdom is seen as the possible first major economy to recover from the global crisis.
Economists affirm that even if the situation isn’t the best, the pressure on the Prime Minister is less intense, since it’s a natural consequence for the public opinion to improve following an economic rebound. Another fact regarded by analysts with optimist, refers to newspapers front covers, which are already not displaying catastrophic news on currencies. The pound had the worst perform last year from all major currencies, as a combination of rising unemployment and a collapsing real estate market struck the British economy.
The GBP/USD was traded at 1.4935 from 1.4873. In the European markets the EUR/GBP was traded at 0.8815 falling from 0.8875.

Yen Rises as Recession Concerns Grow in Asia

An economic report showed that the Chinese economy had the slowest growth in almost a decade, this favored the yen against high-yielding currencies.
Several factors pushed the yen up today against major currencies, it rose against the U.S. dollar on speculations that reports will show weakened numbers from the construction sector, combined with an increase for unemployment benefits claims. A report from the European Union to be released today is believed to hit a record low in the industrial production, and after the OECD announcement indicating that the New Zealand should lower its interest rates, the yen managed to attract traders that were opting, until that moment, for higher-yielding assets.
The rise of the yen was backed by weak numbers from the Chinese economy, which at the present levels, will make the unemployment unlikely to ameliorate, according to analysts. Even if, for the moment, several weak reports and unsatisfactory events worldwide are bringing investors to the safety of the yen, for some analysts, the long-term trend for the Japanese currency is bearish, based on the — yet to be proven — idea, that the worst moments of the global slump are already in the past.
In the intraday chart comparison, the USD/JPY was traded at 99.25 from 98.45. The EUR/JPY was traded at 131.05 from 130.45. The same movement was perceived with the NZD/JPY, rising from 56.95 to 57.55.

GBP Recovers from Jobs

The pound was initially lower versus the dollar and euro, slipping to 1.3847 and 0.9414, respectively. Dragging the sterling sharply lower was a dismal report on the UK jobs data. The January ILO unemployment rate edged up in line with expectations to 6.5%, versus 6.3% in the previous month. The February claimant count spiked up by 138.4k, bringing jobless claims to 1.39 million – which marked its highest level in 38-years.

Fed Move Slams USD

The dollar collapsed following the FOMC monetary policy decision in the Wednesday afternoon session. Although the Fed left its benchmark interest rate unchanged at 0%-0.25%, it announced additional measures to prop up the economy and loosen credit to the markets. The statement announced, “To provide greater support to mortgage lending and housing markets, the Committee decided to increase the size of the Fed’s Balance sheet further by purchasing up to an additional $750 billion of agency MBS, totaling $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion”. The Fed also announced the purchase of up to $300 billion of longer-term Treasuries in the next six months. The surprise move by the Fed was lauded by the US equity markets, sending the Dow Jones higher by over 1.5% and the S&P 500 sharply up by over 2.4%. However, the greenback sold off heavily – tumbling to a fresh two-month low against the euro at 1.3436.

Risk Aversion benefits USD & JPY

The dollar and the yen advanced at the start of the week amid increased risk aversion from a bailout proposal of the US auto industry. The equity bourses tumbled, with the Dow Jones and S&P 500 both plunging by over 3%, while the Nasdaq dipped by 2.8%. Euro Recovers above 1.32The euro edged back above the 1.32-level in the early Asian session, rebounding from Monday’s lows against the dollar to above the 1.3250-level. Traders will focus on the ECB monetary policy decision later in the week. Markets are expecting the European Central Bank to cut rates aggressively, slashing the benchmark interest rate by 50-basis points to 1%. The subsequent press conference by Bank President Trichet will also be closely scrutinized for hints of whether additional policy easing can be anticipated over the coming quarters.

USD & JPY Rebound

The dollar and yen recouped sharp overnight selling against the majors in the New York session amid declines in the US equity market. The greenback recovered from a two-month low versus the sterling at 1.4956 toward the 1.4720-level, while pushing the euro off its highs near 1.3582 to beneath the 1.34-handle. By afternoon trading, the Dow Jones is lower by 1.4% and the S&P 500 and Nasdaq both down by over 1.7%. The Fed announced currency swaps with the Bank of England, European Central Bank, Bank of Japan and the Swiss National Bank, thus providing additional liquidity to the global financial markets. The Fed said, “should the need arise, euro, yen, sterling and Swiss francs would be provided to the Federal Reserve via these additional swap arrangements with the relevant central banks”. It also added that “central banks continue to work together and are taking steps as appropriate to foster stability in global financial markets”. With last week’s dismal jobs data out of the way, the economic reports slated for release in this holiday-shortened week are light, consisting of February wholesale inventories, February trade deficit and weekly jobless claims.

RBA Cuts Benchmark Lending Rate

The Aussie remained within range against the greenback following a 25-basis point rate cut by the Reserve Bank of Australia to its lowest level in nearly half a century to 3.0%. In the accompanying statement however, the Bank provided few details as to whether additional policy easing can be expected over the coming months. The RBA continued to acknowledge that Australia’s economy is contracting, with capacity utilization falling from its peak, demand for labor declining and expectations for growth in labor costs seen further easing. Lastly, the Bank tempered the outlook for additional rate cuts, stating the current “stance of monetary policy will provide significant support to domestic demand over the period ahead”.

Risk Aversion Props USD, JPY

The safe haven currencies continue to benefit from further declines in the US stock market, with the dollar and the yen edging higher across the board. The equity market will likely continue to dictate direction as traders closely scrutinize corporate earnings reports in the coming weeks to gauge the impact of the recession on US corporations. The major equity bourses further relinquished recent gains, as the Dow Jones and Nasdaq were both lower by over 2% while the S&P 500 slumped by 1.9% in the afternoon session.

USD Edges Higher on Data

The dollar was slightly firmer against the majors in the Wednesday session, pushing the euro off its session highs just shy of the 1.33-level toward the 1.32-handle and recovering above the 1.50-level versus the sterling. US equities were largely flat on the day with traders eyeing key earnings reports scheduled for the remainder of the week including JP Morgan, Citigroup and GE. The major driver of FX market moves continues to be global equity direction, with safe haven flows benefiting the dollar and yen. Economic data released earlier from the US included March CPI, NY Fed manufacturing, industrial output, capacity utilization, net capital flows and the NAHB housing market index. The March CPI declined by 0.1% versus an increase of 0.4% in the previous month, while the annualized CPI figure fell by 0.4% compared with +0.2% a year earlier. The core CPI figures increased by 0.2% on a monthly basis while the remaining unchanged at 1.8% on a yearly basis. The NY Fed manufacturing survey for April improved to -14.65 from a month earlier at -38.23. Industrial output was unchanged in March, falling by 1.5%, while capacity utilization eased to 69.3% from 70.2%. Lastly, the NAHB housing market index unexpectedly improved to 14 in April, beating expectations for an increase to 10 from 9 in March.The calendar for Thursday consists of weekly jobless claims, March housing starts, housing permits and Philadelphia Fed survey. Weekly jobless are seen creeping up to 655k from 654k. Housing starts in March are expected to decline to 550k units, down from 583k units, while housing permits are seen easing to 550k from 564k a month earlier. Lastly, the April Philadelphia Fed business survey is estimated to improve to minus 32 from minus 35 in March.

Forex Trading Rebates

What if there was a way that you could take any Forex system or strategy that you are currently trading and enhance its success without adding any additional risk. Sounds pretty good right?
Although there is no magic strategy that we know of, we can take anyone’s approach, regardless of style, and automatically enhance it with a well kept secret that we traders take advantage of.
Whether you trade a small or a large account, what some fail to realize is that transaction costs can eat up your profits. In an average trading year let’s say you traded 500 lots during the month. This means that on a typical spread of 3 pips you paid $15,000 in spread during the year. Now imagine that your profits for the year should have been $14,000. If you factor in the spread cost of $15,000 you will be seeing a $1,000 loss instead of the $14,000 profit. This is an extreme example, but it’s meant to show you how important transaction costs are and how they cut into your profit.
There is however, a well kept secret in the industry that can enhance the success of your system by minimizing these costs through an IB volume rebate.
An Introducing Broker (IB) is a an entity that brings business to Forex dealing firms such as FXCM, GAIN or FXDD. These are firms that you will most likely be trading. By using an IB and receiving a volume rebate, you will increase your Forex trading success and minimize your transaction costs.
Doesn’t using a middle man normally cost you more? Here’s how it works. When you open an account through an IB you still see the same spreads and pricing at the dealer of your choice. You receive the same level of great customer service from your dealer, plus you have the personalized customer service touch of the IB. The IB is only compensated by the dealing firm through the bid ask spread. So it costs you nothing to work with them. The dealing firm makes a little bit les, but I am sure you can live with that, right?
Now the great thing is that the IB will entice you to become a client by providing you with perks such as an instant bonus on deposits and volume rebates. The deposit bonus will put your account up before you even make your first trade. The volume rebates will put money into your pocket for every lot your trade. In the example above with a $5 IB volume rebate your $1,000 loss will instantly turn into a $1,500 profit.
You are going to trade anyway. Why not enhance your chances of success with the IB volume rebate? For more detailed information about this Forex trading rebate, please fill out the form.
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Forex News Trader

Forex News Trader
How do the majority of profitable Forex traders truly profit in the FX market? One way… they trade the news!
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.

Our Forex Trading goal is to provide our visitors with the best trading strategies available. We work exclusively with Forex brokers who specialize in news trading, and also include extensive reviews on the best in the business. Any relevant and helpful information related to Forex news trading can be found on this site.
There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.
Forex News Trader will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead.
Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.
If you’ve spent thousands of dollars to learn strategies that do not work - you are not alone. In fact, in a recent poll of over 5,000 active traders, the majority have spent over $3,500 on education. Some people drop more money into Forex courses then into their own trading account. We offer insider strategies that will give you a huge edge to succeed in the Forex market. You can also learn our Forex Trading Systems and expand your wealth even further. Here is a look at one of our Forex trading videos on YouTube.
Forex Signals
Whether you are a beginner or a seasoned trader, we have a service to fit your needs. Do you have a hard time understanding when to get in the market, or is your exit points that need help? There are hundreds of forex signals services on the market, but most are not worth a dime. We only work with the best. We screen them with the strictest parameters - ensuring their performance is real.
These signal providers may send signals by e-mail, voice, cell phone, or a live trading room. We will provide you with a list of the best Forex services available to best suit your trading needs.
Some traders prefer an auto trade type of system which does the trading for you, like FX-System Center, an excellent way to go. We work with a number of providers of auto-trade services which include state of the art software that will execute trades in the Forex market for you. You can learn to trade many different styles throughout the trading day. You can join live chat sessions with live calls in voice chat rooms with professional traders and learn how to trade the Forex market yourself. The options are all available, and now you know where to look.
Forex Brokers
Finding the right Forex Broker may be the difference in coming out ahead in the long run. FX brokers are your sole connection in this huge market and you have to put a lot of faith in them. We provide you with the top forex brokers and broker reviews to help you decide during this selection process.
Forex Rebates
What are Forex Rebates? FX Rebates are a payout for the volume of trading you run through your Forex Broker. These rebates can add up to a significant amount capital if you are trading in the Forex Market. If you are going to trade, you might as well get paid to trade. You are going to pay a spread or commission either way you look at it, so it only makes sense to earn Forex Rebates as you continue your trading.
Weekly Forex News
Using the videos created by FXDD, we will try to provide you with weekly videos of future events as well as provide you with the daily events when necessary. This will give you, the trader more information to help you. Each video will represent a week or day depending on which is available. At least this way you can come back to one spot for all your Forex video needs. Continue to Weekly Forex News.

Winner Trader

The winners of a trader competition at forum ForexPeoples.com are declared and rewardedOn the 6th of March, 2009 the active trading of the competition has ended, it was conducted by the forum ForexPeoples.com with support of the group of companies LiteForex. On March, 13th, as well as it was announced before in the competition conditions, the final results are sum upped and the competition winners are published, the won sums are deposited into their trading accounts – 800, 500, 300, 200, 100, 50, 30 and 20 US dollars for 1, 2, 3, 4, 5, 6, 7 and 8 places in the rating table respectively.1624 participants from 9 various countries worldwide were registered for a participation in the competition, 1605 traders have taken active part in the competitive trading. The funds total admitted to the trading at the moment of the beginning of the competition makes up 160 500 000 US dollars, at the ending of the competition this sum has made up 169 821 994, 5 US dollars taking into account negative balances of participant deposits.The competition winner is a trader from Russia; he opened his competitive account in the company Straighthold Investment Group, Inc, being a part of the group of companies LiteForex. The 2nd and 5th places were taken by the traders from Belarus, the 3rd and 8th – the traders from Ukraine, the 4th – the trader from Lithuania, the 6th and 7th places also were taken by Russians.« it’s impossible to tell about a considerable superiority of someone among winners », - comments, the final results of trading competition, the marketing director of the group of companies LiteForex Simeon Rakhmanov, - « the gap between contenders for various places was estimated at the tenth parts of a point, as well as a difference between prize-winning and not prize-winning rating positions».The most successful trading was the trading of the winner, in the true sense of the word, – the trader managed to increase his deposit by 50 % and following the strict competitive rules of trade-keeping. Also the Russian managed to come to the ending of the competition with the smallest deposit: the trader has kept only 40039.51 on the competitive deposit from initial 100 000 US dollars.The prize-winning sums will be deposited into accounts specified by the winners during three bank days and its can be used by their owners discretion with no restrictions.

New update

Although A$ has recovered after the selloff to0.7198 (Aust.) n minor consolidation is seen, astemp. top has been formed y'day at 0.7328, reckon0.7250/60 wud limit upside n bring retracement ofrecent upmove to 0.7198 n then 0.7150/60.Sell on pullback with stop as indicated, abv wuddefer n risk gain to 0.7300/02...Range Forecast0.7220 / 0.7260Resistance/SupportR: 0.7302/0.7328/0.7360S: 0.7198/0.7187/0.7150

Forex Money Management Calculator

The following form will help you to determine the best size of your position. The system adjusts the size for the pair you trade, your equity, the entry and exit prices and, of course, the maximum risk per trade.
Depending on your account (equity, currency of the account) the pair you trade and the risk you accept on one trade, the programme will calculate the exact position sizing you have to use for your trade. Many brokers don't allow the possibility of trading with variable contract sizes so that's the reason why we've added the number of contracts you have to trade in the table. The risk and leverage are updated for each case.

Forex Money Management Calculator

The following form will help you to determine the best size of your position. The system adjusts the size for the pair you trade, your equity, the entry and exit prices and, of course, the maximum risk per trade.
Depending on your account (equity, currency of the account) the pair you trade and the risk you accept on one trade, the programme will calculate the exact position sizing you have to use for your trade. Many brokers don't allow the possibility of trading with variable contract sizes so that's the reason why we've added the number of contracts you have to trade in the table. The risk and leverage are updated for each case.

Free FX Risk & Position Size Calculator

If there are two principles to trading that most traders ignore, it is risk management and proper position sizing. Over a course of many trades, even with a robust strategy, performance will suffer if proper position sizing is not implemented.
Now, with the assistance of Aspen Trading Group’s FX Risk / Position Size Calculator you can immediately determine the correct amount of forex lots to trade each time while also knowing your total risk exposure as a percentage of your portfolio.
Simply plug in your starting capital, amount you wish to risk per trade as a percentage of your capital and your stop loss price. Instantly the results will be displayed.
"Why do I need to adjust my position size, I normally trade the same amount each time?"
Your performance will vary significantly, for better or worse, if you do not risk a consistent amount on each trade. If a trade has a large stop loss and you trade the same size as you would if the stop loss was far less, the amount of risk you incur increases greatly. Let's look at an example.
A sampling of 100 trades from our FX Alert Service provides a great example. Trader A took all 100 trades and adjusted the size of each trade to risk roughly 1.5% of their account versus Trader B who traded 5 FX-mini lots throughout. Based on a starting equity of $20,000, look at the difference:
Total Returns:
Trader A 38.2%
Trader B 14.8%
Same trades; dramatically different results.

RESEARCH

The Technical Analysis section of the Website contains material prepared by Nicole Elliott of the Foreign Exchange Department. The material is mostly related to Foreign Exchange and contains views ranging from daily through to a year ahead. The weekly analysis is usually produced on a Monday, the monthly and quarterly reports during the first few days of the month. Other reports are produced on an ad hoc basis or on demand. This section has been split into currency groupings and/or geographical areas. As a result some of the material will appear on more than one of the pages. You will have to use Acrobat Reader to access the material. If you do not have it, you can load it from the Home Page.
This section is updated on an intraday basis. To ensure that you access the latest available material at all times, you should click on Refresh or Reload before viewing your required document.
This page contains daily, weekly, monthly, quarterly and full year views on the three major currency pairs of EUR/USD, USD/JPY and EUR/JPY.
Contains a full range of views of currencies against the Yen - USD, EUR, GBP, CHF, AUD, CAD and SGD.
A variety of European cross rates and major currencies against the Euro can be found on this page.
Comprehensive analysis of GBP against the USD, EUR, JPY, CHF and AUD over the full range of periods.
This page has a wide range of Asian and Pacific currencies against the USD, GBP, JPY and each other.
This final page contains views on markets other than Foreign Exchange

US Dollar Ends on Mixed Note as CPI Contracts for First Time Since 1955

The US dollar remains mixed across the majors as the currency has broken lower against the Canadian dollar, but has generally held to well-defined ranges versus the euro and New Zealand dollar. When it comes to the US dollar index, it is clear that price remains in an uptrend, unless we see a drop below 84.00. The forex markets didn’t show much of a response to this morning’s release of the US consumer price index (CPI), despite the fact that the headline reading contracted for the first time since 1955 on an annualized basis. Indeed, CPI fell 0.1 percent in March, dragging the annualized rate down to -0.4 percent, as energy prices fell by 3 percent. However, excluding food and energy, core CPI actually rose 0.2 percent and the annualized rate held steady at 1.8 percent. All told, this should be somewhat comforting to the Federal Reserve, as the minutes from the Federal Open Market Committee’s (FOMC) last meeting showed that “a few” members were concerned about deflation risks. Ultimately, we will need to see the core CPI results reflect similar declines to the headline readings before it can be said that the US is in the midst of deflation. That said, there is still the risk looming that it a protracted period of contracting prices will occur in late 2009 or 2010. The truth of the matter is that demand, especially for discretionary goods, is likely to fall much further as the unemployment rate climbs. In fact, the unemployment rate hit a more than 25-year high of 8.5 percent in March, and with initial and continuing jobless claims showing no signs of abating, the rate could ultimately breach the upper range of the FOMC’s projections of 9.2 percent, and perhaps reach double-digits.Looking ahead to Thursday, US housing starts and building permits are projected to reflect a steep drop in demand during March, which would mark a major reversal after starts surged 22.2 percent and permits rose 3.0 percent in February. Meanwhile, initial jobless claims are forecasted to have risen to 660k during the week ending April 11, while continuing jobless claim may have hit another record high of 5893k during the week ending April 4. Finally, the Philadelphia Fed’s survey of manufacturing sector conditions is anticipated to have risen to -32 in April from -35, which would still mark a contraction in activity, albeit a less aggressive one.Euro Loses Nearly 1% Against British Pound on Divergent ECB, BOE Rate ExpectationsThe euro generally ended the day lower on Wednesday, as the currency lost ground to majors like the US dollar, Australian dollar, British pound, and Canadian dollar. Meanwhile, the British pound was the second-strongest of the day, losing out only to the Canadian dollar. Once again, there really wasn’t much in the way of fundamental news to drive price action for either the euro or British pound, but there were a few high-profile comments that have the potential to shape interest rate expectations for the European Central Bank (ECB). ECB Governing Council member Axel Weber said the bank needs to establish a floor for the benchmark lending rate, and has also indicated that he would prefer to not cut rates below 1 percent. Meanwhile, ECB Governing Council member Miguel Angel Fernandez Ordonez said that they could cut rates further, and that “it should not be forgotten that there are ways to use non-conventional measures” which they “are going to discuss this at the next board meeting.” All told, these clues that the ECB will move to make monetary policy more accommodative in May adds to downside risks for the euro, especially against the British pound since the Bank of England has suggested they will leave rates at 0.50 percent going forward.Looking ahead to Thursday’s European event risk, Eurostat inflation estimates for the Euro-zone have shown that CPI may have fallen to a 0.6 percent annual pace during March, which would mark the lowest since recordkeeping began in 1991. More importantly, though, the data would highlight that inflation remains well below the ECB’s 2.0 percent inflation target. If Eurostat confirms this at 5:00 ET, or revises the results to the downside, the euro could pull back sharply. On the other hand, if CPI is higher than anticipated, the currency could gain as the markets will speculate that the central bank may pause in their efforts to make monetary policy more accommodative.Canadian Dollar the Strongest of the Majors, New Zealand Dollar Faces CPI on ThursdayThe Canadian dollar beat out all of the majors on Wednesday, as the currency rallied 1.3 percent against the New Zealand dollar, Swiss franc, and Japanese yen. The currency also gained almost 1 percent versus the greenback as USD/CAD extended its bearish break from a multi-month triangle formation. The Australian dollar also held up fairly well, but the New Zealand dollar was hit hard and fell against every major currency, with the exception of the low-yielding Japanese yen and Swiss franc.Pairs like NZD/USD could come under further pressure during the next 24 hours as New Zealand's consumer price index is forecasted to have risen 0.3 percent during Q1, which would bring the annual rate down to a more than one year low of 3.0 percent from 3.5 percent. During Q4 2008, prices contracted for the first time in two years and by the most in ten years, so unless we see another surprise contraction during Q1, the news may not add to speculation that the Reserve Bank of New Zealand will cut rates again during their next meeting on April 29. As it stands, a Bloomberg News poll of economists is reflecting expectations for a 50 basis point cut to 2.50 percent, while Credit Suisse overnight index swaps are forecasting a 25 basis point reduction to 2.75 percent. As a result, this upcoming inflation report could be highly market-moving for the New Zealand dollar, but if inflation pressures prove to be stronger than anticipated, the currency could rally.Related Articles: New Zealand Dollar/US Dollar Monthly Forecast, US Dollar/Canadian Dollar Monthly ForecastJapanese Yen Slips as DJIA Recovers 1.38%Forex carry trades managed to recoup some of their losses on Wednesday, leaving the Japanese yen as the weakest of the majors. In fact, the low-yielding yen tumbled 1.40 percent versus the Canadian dollar and just over 1 percent against the British pound and Australian dollar. There are signs that the currency could appreciate in the near-term, though, as the latest FXCM SSI figures – a contrarian indicator - show that traders are net long USD/JPY. However, these moves will be contingent upon risk appetite remaining low, as a resurgence in Asian and European equities overnight could easily send carry trades higher once again.

Euro Falls On Weak China GDP and Record Low Industrial Production, Will JP Morgan Chase Earnings Increase Optimism?

The Euro has steadily declined since China’s GDP report was released erasing gains from yesterday built on the rising U.S. equity markets. The world’s third biggest economy saw growth fall to its slowest pace in nearly a decade at 6.1% as exports continued to decline. The country has been a source of growth for the global economy and slumping demand for its goods is a reflection of the weakness that has gripped the broader economy. The euro/ dollar had reached as high as 1.3270 before its current descent which sent it to 1.3130 before finding support. Euro-zone February industrial production falling by a record 18.4% added to bearish sentiment lead by a 4.3% drop in durable goods. Also, the region’s March CPI was confirmed at 0.6% which will perpetuate deflation concerns as it is below the central bank’s 2% target.
The Euro-zone continues to show signs of weakness and the lowest level of activity since record keeping began in 1986 underlines the region’s troubles. As factories continue to slash employees as they try and cut costs amidst falling output, we may see the worst recession in 60 years continue to deepen. The ECB is starting to finally talk of taking aggressive measures to curb the downturn with influential committee member Axel Weber talking quantitative easing and further rate cuts yesterday. The head of the Bundesbank said that the central bank should focus its non-standard efforts at banks instead of capital markets as is the case with the Fed and BoE. He would also argue for the use of a rate cut to battle potential deflationary pressures but warned that cutting below 1% could discourage interbank lending and lead to additional problems. Therefore, expectations are that the ECB will announce quantitative easing measures at their next policy meeting with a rate cut at the subsequent gathering. Having fallen below the 100-Day SMA a test of the 50-Day SMA at 1.3035 seems highly likely for the EUR/USD.
The Pound also saw weakness on the dour global growth outlook which saw the sterling/dollar fall 200 pips from 1.5070 to 1.4870. Unlike the Euro the cable has had growing support as the pair took out the February 9trh high of1.4988 yesterday which leaves the 1/9 high of 1.5375 as the next barrier. Unless, we see a significant bout of risk aversion we expect the pound to continue its upward trajectory as the BoE has been ahead of the curb in providing liquidity to its markets which should start to bear fruit in the second half of 2009.
The dollar saw across the board gains during overnight trading as global growth fears were fueled by China’s weak GDP figures. U.S. markets shook off similar concerns yesterday but a source of recent optimism has been the expectations that China would rebound faster than originally expected. Now that this has been brought onto question focus will turn to the prospect of a U.S. recovery, which today’s economic docket will shed some light as we will see housing, employment and manufacturing data cross the wires. Housing starts are expected to slip to 540,000 after February’s unexpected surge to 583,000. Meanwhile, initial jobless claims are expected to fall to 660,000 from 654,000 which should add to current growth fears as the fundamental data demonstrates that the labor market continues to deteriorate which will threaten any recovery in the housing sector and the broader economy. Therefore, we should continue to see dollar support if the domestic growth outlook follows the dimming global prospects. However, an unexpected improvement in these figures in conjunction with the expected improvement in the Philadelphia Fed manufacturing reading could help offset current pessimism and weigh on the green back. Additionally, JP Morgan Chase is due to report earnings and if they can continue the trend of positive earnings from the banking sector it could help fuel optimism.

Impact the Swiss Retail Sales report had over EURUSD for the past 2 months

January 2009 Swiss Retail Sales
Retail sales in Switzerland rose 1.2% in January after advancing 3.6% in the previous month, and households are likely to cut back on spending as they face a weakening labor market. The breakdown of the report showed that spending of food increased 5.9%, while demands for electronic goods rose 9.8% however, spending on personal goods plunged 12.1% during the month, while discretionary spending on clothing and shoes slipped 3.4%. Easing price pressures have certainly helped to boost consumer demands as retailers continue to conduct heavy discounting in an effort to lure potential shoppers however, as the region faces its first recession in six-years, the economic outlook remain bleak. As a result, the SNB is likely to ease policy further and may take unprecedented steps to mitigate the downside risks for growth and inflation as the downturn in the global economy intensifies.

December 2008 Swiss Retail Sales
Private spending in Switzerland increased 3.6% in December after posting a 1.4% drop in the previous month however, as the Swiss National Bank expects the economy to face its worst economic downturn in over a quarter century, the outlook for personal consumption remains bleak. A deeper look at the report showed sales fell 0.5% after adjusting for the number of shopping days as demands for personal goods plunged 20.0% from the previous year, while spending on furniture dropped 4.6%, and the rise in the headline reading was driven by a 12.6% increase in purchases of electronic goods as consumers took advantage of discounted prices. As policymakers expect economic activity to deteriorate further throughout the year, the Swiss National Bank is likely to take additional steps to shore up the economy, and may cut the benchmark interest rate by 25bp to 0.25% as the outlook for growth and inflation falter.

What To Look For Before The Release
Traders with access to market depth information via the FXCM Active Trader Platform may use it to gauge the potency of the economic data release as well as to shed some light on the market’s directional bias. Increasing volume ahead of the announcement will telegraph likely follow-through behind whatever move is to materialize, while an imbalance in available liquidity on the Bid versus the Offer side of the market will tell us the direction major institutions are likely favoring ahead of the announcement:
Bullish Scenario:

If we see substantially deeper available liquidity on the Bid side of the market, this tells us that major price providers in the market are looking to buy the CHF against the US Dollar. Considering that close to 60% of all FX market volume is cleared through just six top banks, we see it prudent to be on the same side of the trade as major institutions and will favor a bullish bias on USDCHF ahead of the data release.
Bearish Scenario:If we see substantially deeper available liquidity on the Offer side of the market, this tells us that major price providers in the market are looking to sell the CHF against the US Dollar. Considering that close to 60% of all FX market volume is cleared through just six top banks, we see it prudent to be on the same side of the trade as major institutions and will favor a bearish bias on USDCHF ahead of the data release.
How To Trade This Event Risk

Retail sales in Switzerland is expected to fall 0.2% in February as households face a weakening labor market paired with fears of a deepening recession, and the outlook for private spending remains bleak as the Swiss National Bank forecasts the economy to face its worst economic downturn since 1975. The jobless rate surged to a two-year high of 3.3% in March as firms continued to cut back on production and employment in an effort to reduce costs, and as the downturn in the global economy intensifies, the labor market is likely to deteriorate further as trade conditions falter. The trade surplus slipped to 0.73B from a revised reading of 1.99B in January as exports plunged 3.9% during the month, which pushed the SVME purchasing managers’ index to a record-low of 32.6 during the same period, and conditions are likely to get worse as the International Monetary Fund forecasts the global economy to face a recession for the first time since World War II. Moreover, the KoF Swiss leading indicator slipped to -1.79 from a revised reading of -1.37 in February, which is the lowest level since recordkeeping began in 1991, while the headline CPI reading fell 0.4% in March to mark the biggest decline since 1959, and the data reinforces a dour outlook for growth and inflation as economic activity deteriorates at a record pace. Meanwhile, after lowering the benchmark interest rate to 0.25% in March, the SNB announced that it will begin to purchase corporate bonds as well as foreign currencies in an effort to stem the ‘appreciation in the Swiss franc vis-à-vis the euro,’ and as policymakers see ‘a risk of negative inflation over the next three years,’ market participants speculate that the central bank will continue to intervene in the currency market as the board pledges to ‘cushion the effects of the economic crisis, with the aim of limiting the risks of deflation.’ As the SNB expects the annual rate of growth to contract between 2.5-3.0% this year, fundamental headwinds paired with the unprecedented steps taken by the central bank is likely to weigh on the exchange rate however, as market sentiment falters, a rise in risk aversion could fuel demands for the Swiss franc as market participants move into lower-yielding assets.

Trading the given event risk clearly favors a bearish forecast for the Swiss franc as economists expect household spending to weaken further but nevertheless, as the economic outlook remains bleak, an unexpected rise in retail sales could boost demands for the low-yielding currency as growth prospects improve. Therefore, if private spending increased 0.1% or more in February, we will look for a red, five-minute candle following the release to generate a sell entry on two-lots of USD/CHF. Once these conditions are met, we will place our initial stop at the nearby swing high (or reasonable distance), and this risk will determine our first target. Our second target will be purely based on discretion, and we will move the stop on the second lot to breakeven once the first trade reaches its target in order to preserve our profits.

Conversely, as the region is expected to face its worst economic downturn in over a quarter century, fading demands for employment paired with increased risks for deflation is likely to weigh on households, and private-sector spending is likely to fall further over the medium-term as growth prospects deteriorate at a record pace. As a result, an in-line print, or a drop of more than 0.2% in sales would lead us to hold a bearish outlook for the swissie, and we will follow the same strategy for a long dollar-franc trade as the short position mentioned above, just in reverse.

USD Edges Higher on Data

The dollar was slightly firmer against the majors in the Wednesday session, pushing the euro off its session highs just shy of the 1.33-level toward the 1.32-handle and recovering above the 1.50-level versus the sterling. US equities were largely flat on the day with traders eyeing key earnings reports scheduled for the remainder of the week including JP Morgan, Citigroup and GE. The major driver of FX market moves continues to be global equity direction, with safe haven flows benefiting the dollar and yen. Economic data released earlier from the US included March CPI, NY Fed manufacturing, industrial output, capacity utilization, net capital flows and the NAHB housing market index. The March CPI declined by 0.1% versus an increase of 0.4% in the previous month, while the annualized CPI figure fell by 0.4% compared with +0.2% a year earlier. The core CPI figures increased by 0.2% on a monthly basis while the remaining unchanged at 1.8% on a yearly basis. The NY Fed manufacturing survey for April improved to -14.65 from a month earlier at -38.23. Industrial output was unchanged in March, falling by 1.5%, while capacity utilization eased to 69.3% from 70.2%. Lastly, the NAHB housing market index unexpectedly improved to 14 in April, beating expectations for an increase to 10 from 9 in March.The calendar for Thursday consists of weekly jobless claims, March housing starts, housing permits and Philadelphia Fed survey. Weekly jobless are seen creeping up to 655k from 654k. Housing starts in March are expected to decline to 550k units, down from 583k units, while housing permits are seen easing to 550k from 564k a month earlier. Lastly, the April Philadelphia Fed business survey is estimated to improve to minus 32 from minus 35 in March.

Foreign Exchange Markets: A Practical Guide

This online guide aims at creating a coherent understanding of the foreign exchange market, by tying in real life market scenarios with the relevant theories of international finance and the classic schools of technical and quantitative analysis. Although there is a vast amount of literature on international finance, technical analysis and chartism, there is a scarcity of instructional materials incorporating actual market events such as interest rate decisions, interventions and geopolitical events.
Another area largely overlooked by currency guides is the integration of fundamental and technical analysis for making decisions. The distinctiveness between the two types of approaches dissuades many from factoring them together. But knowing how to combine them can be highly advantageous in unraveling the trend and timing of currency moves. This material focuses on teaching how to think for yourself in understanding global currency markets, rather than depending on a pre-set trading system which recommends decisions without providing input on the whys of making right and wrong decisions. Rather than rehashing the classic theories driving currency analysis, this guide will offer investors, researchers and students an innovative approach, paramount in grasping and anticipating the moves in the major currency pairs. About the Writer
Ashraf Laidi is the creator and chief analyst of Forexnews.com, the award-winning website dedicated to foreign exchange research, news and analysis. Founded in January 1999 with the launch of the euro, the site has been widely followed by market professionals, day-traders and researchers, tapping into its around-the-clock analysis, insightful editorials and active discussion forums.
Mr. Laidi provides expert commentary on CNBC-TV, Bloomberg TV, Reuters TV and PBS' Nightly Business Report. His insights have also appeared in the Financial Times, the Wall Street Journal, Barron's, the New York Times, CBS Marketwatch, TheStreet.com, Futures Magazine, Global Finance and a host of other international publications.
-->Table of contents is illustrated below

FX Performance

Currency
Last
Yesterday Close
% Change
2006 Open
YTD
MTD
EURUSD
1.3198
1.3186
0.09%
1.3196
0.02%
-0.62%
USDJPY
99.01
99.200
-0.19%
119.03
-16.82%
-0.06%
GBPUSD
1.4898
1.4956
-0.39%
1.9583
-23.92%
3.86%
USDCHF
1.1461
1.1439
0.19%
1.2186
-5.95%
0.59%
AUDUSD
0.7221
0.7222
-0.01%
0.7896
-8.55%
3.84%
USDCAD
1.2009
1.2068
-0.49%
1.1416
5.19%
-4.67%
AUDJPY
71.51
71.640
-0.18%
93.99
-23.92%
3.79%
EURJPY
130.71
130.83
-0.09%
157.08
-16.79%
-0.66%
EURCHF
1.5124
1.5083
0.27%
1.6081
-5.95%
-0.05%
EURGBP
0.8855
0.8813
0.48%
0.6736
31.45%
-4.33%
GBPCHF
1.7075
1.7110
-0.2%
2.3867
-28.46%
4.47%
GBPJPY
147.55
148.39
-0.57%
233.12
-36.71%
3.81%

AceTrader: Recommended Trades

16 Apr 2009 10:27GMT INTRA-DAY EUR/CHF OUTLOOK
Euro's rebound after trading abv y'day's low at1.5078 suggests further consolidation abv there isseen with upside bias n breach of 1.5155 wud signalprice remains inside 1.5062-1.5301 range, extendgain to 1.5185.Buy on dips with stop initially below 1.5062 asbreak wud risk one more fall to 1.5030/40...[more]
rate :
+1.5140+
target :
1.5140
resistance :
1.5155/1.5185/1.5207
position :
+Long at 1.5090+
strategy :
+Target met+
support :
1.5078/1.5062/1.5019
AceTrader: Recommended Trades
16 Apr 2009 07:20GMT INTRA-DAY EUR/USD OUTLOOK
Despite intra-day anticipated retreat, break ofy'day's 1.3146 low is needed to confirm decline fm 1.3395 has resumed n extend weakness twd 1.3120/25,however, reckon sup at 1.3090 wud remain intact nyield rebound later.Wud be prudent to exit short n look to sell on recovery as upside shud be ltd to 1.3205/10...[more]
rate :
1.3175
resistance :
1.3232/1.3270/1.3307
position :
Short at 1.3205
strategy :
Exit short
support :
1.3146/1.3090/1.3021
AceTrader: Recommended Trades
16 Apr 2009 06:54GMT INTRA-DAY GBP/USD OUTLOOK
Despite intra-day brief rise to 1.5069, cable'ssubsequent retreat suggests a temp. top is formed nconsolidation with downside bias is seen but break of 1.4925 sup is needed to confirm n bring retrace.to 1.4900 later.Sell on recovery with stop as indicated, abvwud risk possible re-test of 1.5069...[more]
rate :
+1.4970+
target :
1.4970
resistance :
1.5033/1.5069/1.5108
position :
+Short at 1.5010+
strategy :
+Target met+
support :
1.4964/1.4925/1.4887
AceTrader: Recommended Trades
16 Apr 2009 00:24GMT WEEKLY GBP/USD OUTLOOK
Although cable has retreated after last week'srise to 1.4960, as long as 1.4583 sup holds, upsidebias remains for gain twd 1.4986 n abv there wud confirm an upside break of MT 1.3500-1.4986 range has occured, then retrace. of intermediate decline fm 1.8672 to 1.5050 n possibly 1.5100 wud be seen.Trade fm long side with stop below there, breakwud prolong choppy trading inside aforesaid range nrisk correction to 1.4430/35...[more]
rate :
+1.5050+
target :
1.5050
resistance :
1.4986/1.5141/1.5374
position :
Long at 1.4700
strategy :
+Target met+
support :
1.4746/1.4583/1.4431
AceTrader: Recommended Trades
15 Apr 2009 10:44GMT INTRA-DAY USD/CHF OUTLOOK
Present anticipated retreat suggests upmove fm1.1307 has possibly formed a top earlier at 1.1450n consolidation with downside bias is seen for falltwds 1.1353, however, break needed to confirm nyield weakness to 1.1323.Wud be prudent to exit short n sell again on recovery as only abv 1.1450 wud abort, 1.1470/80...[more]
rate :
1.1395
target :
1.1380
resistance :
1.1450/1.1506/1.1530
position :
Short at 1.1430
strategy :
Exit short n sell at 1.1420
stoploss :
1.1450
support :
1.1353/1.1323/1.1307
AceTrader: Recommended Trades
15 Apr 2009 10:38GMT INTRA-DAY EUR/USD OUTLOOK
Although current breach of 1.3275 res signals decline fm 1.3395 has ended at 1.3204 n gain twds 1.3303/07 res is likely, break there is needed to retain bullishness n extend rise to 1.3330/35 but1.3366 minor res wud hold.Exit long n buy again on pullback with stop asindicated, below wud risk 1.3220 b4 up...[more]
rate :
1.3280
target :
1.3300
resistance :
1.3275/1.3307/1.3366
position :
Long at 1.3250
strategy :
Exit long n buy at 1.3260
stoploss :
1.3235
support :
1.3204/1.3181/1.3126
AceTrader: Recommended Trades
15 Apr 2009 10:28GMT INTRA-DAY EUR/CHF OUTLOOK
As euro has staged a rebound after holding abv1.5078 (Asian low), suggesting consolidation withupside bias remains for minor correction of recentdecline to 1.5150/55, however, 1.5185 res shud cap upside n bring another fall later.Trade fm long side with stop as indicated, breakwud yield re-test of said sup n possibly 1.5062...[more]
rate :
+1.5150+
target :
1.5150
resistance :
1.5185/1.5207/1.5244
position :
Long at 1.5110
strategy :
+Target met+
support :
1.5078/1.5062/1.5019
AceTrader: Recommended Trades
15 Apr 2009 10:42GMT WEEKLY GBP/JPY CROSS OUTLOOK
Despite stg's retreat fm 151.52 last wk, as longas 145.07 (prev. res) holds, upmove fm 118.87 shudresume n break of said res wud extend to 153.90/00.Buy dips with stop as indicated, breach wud riskretrace. to 143.00 but 141.81 wud contain downside.[more]
rate :
+149.00+
target :
149.00
resistance :
149.03/151.52/154.45
position :
+Long at 146.50+
strategy :
+Target met+
support :
145.76/142.82/140.61
AceTrader: Recommended Trades
15 Apr 2009 10:19GMT INTRA-DAY EUR/GBP OUTLOOK
Euro's selloff below 0.8878 confirms recent decline has once again resumed n further weakness to 0.8853 is envisaged, however, loss of downwardmomentum shud limit fall to 0.8830/40 n bring a much-needed minor correction later.Wud be prudent to exit short n look to sell again on recovery as 0.8920/24 wud cap upside...[more]
rate :
0.8858
resistance :
0.8924/0.8954/0.8983
position :
Short at 0.8885
strategy :
Exit short
support :
0.8853/0.8809/0.8760
AceTrader: Recommended Trades
15 Apr 2009 10:18GMT INTRA-DAY GBP/USD OUTLOOK
Cable's rebound after finding renewed buying at 1.4905 suggests pullback fm 1.4975 has possibly ended there n consolidation with upside bias is seen, however, breach of said lvl needed to confirmrecent upmove has resumed n extend to 1.4986 res.Trade fm long side with stop as indicated n only below said sup wud risk retrace. to 1.4860...[more]
rate :
+1.4965+
target :
1.4965
resistance :
1.4986/1.5008/1.5088
position :
Long at 1.4920
strategy :
+Target met+
support :
1.4905/1.4822/1.4780
AceTrader: Recommended Trades
15 Apr 2009 08:47GMT DAILY GBP/USD OUTLOOK
Although current anticipated rally has justifiedour bullishness, cable needs to penetrate y'day's 1.4945 high to confirm upmove has resumed for gain to 1.4960, then twd chart res at 1.4986.Wud be prudent to exit long n look to buy againon pullback as downside shud be ltd to 1.4870/75 n yield another rise later...[more]
rate :
1.4925
resistance :
1.4960/1.4986/1.5078
position :
Long at 1.4835
strategy :
Exit long
support :
1.4822/1.4780/1.4746
AceTrader: Recommended Trades
15 Apr 2009 06:55GMT INTRA-DAY USD/CHF OUTLOOK
Despite intra-day anticipated firmness, a breakabv 1.1448 is needed to confirm near term upmove fm1.1307 has resumed n yield further headway twd 1.1480/90, otherwise, risk is seen for a retreat later.Wud be prudent to exit long n then stand aside.Below 1.1380/90 wud yield pullback to 1.1353 butbreak needed to signal recovery fm 1.1307 is over..[more]
rate :
1.1425
resistance :
1.1448/1.1506/1.1530
position :
Long at 1.1390
strategy :
Exit long
support :
1.1353/1.1323/1.1307
AceTrader: Recommended Trades
15 Apr 2009 06:51GMT INTRA-DAY GBP/USD OUTLOOK
Despite current anticipated decline, as the movefm y'day's 1.4945 high is viewed as a retrace. of recent upmove, downside shud be ltd to 1.4800 n reckon 1.4780 (prev. res) wud hold, yield a reboundlater today.Wud be prudent to exit short n stand aside for now. Only abv 1.4870/75 wud signal low made, 1.4894[more]
rate :
1.4835
resistance :
1.4894/1.4945/1.4960
position :
Short at 1.4869
strategy :
Exit short
support :
1.4824/1.4780/1.4746
AceTrader: Recommended Trades
15 Apr 2009 02:46GMT INTRA-DAY AUD/USD OUTLOOK
Aussie has continued to move lower after intra-day breach of 0.7198 (Aust.) n corrective declinefm this week's high at 0.7328 is likely to extendto 0.7150/55 n then 0.7130, however, sup at 0.7096 shud hold due to near term o/sold condition.Trade fm short side with stop now as indicated,abv wud defer n risk rebound to 0.7220/30...[more]
rate :
+0.7155+
target :
0.7155
resistance :
0.7198/0.7238/0.7304
position :
Short at 0.7200
strategy :
+Target met+
support :
0.7150/0.7096/0.7051
AceTrader: Recommended Trades
15 Apr 2009 01:32GMT DAILY NZD/USD OUTLOOK
Kiwi's strg retreat fm 0.5934 (Mon NY high) suggests choppy trading below recent 0.5980 top wud continue with downside bias but 0.5691 shud hold.Trade fm short side for retracement to 0.5775 nonly abv 0.5905 may risk gain to 0.5934...[more]
rate :
+0.5775+
target :
0.5775
resistance :
0.5871/0.5905/0.5934
position :
Short at 0.5852
strategy :
+Target met+
support :
0.5753/0.5691/0.5637

Global Calendar

Time (NYT)
Location
Description
Forecast
Previous
Actual
2009.04.13 00:00
E-15, UK
Market Holiday
2009.04.14 08:30
US
March PPI m/m
0.0%
0.1%
-1.2%
2009.04.14 08:30
US
March PPI y/y
n/f
-1.3%
-3.5%
2009.04.14 08:30
US
March Retail Sales m/m
0.4%
-0.1%
-1.1%
2009.04.14 08:30
US
March Core Retail Sales m/m
0.1%
0.7%
-0.9%
2009.04.14 08:30
US
March Core PPI y/y
n/f
4.0%
3.8%
2009.04.14 08:30
US
March Core PPI m/m
0.1%
0.2%
0.0%
2009.04.14 10:00
US
February Business Inventories
-1.1%
-1.1%
-1.3%
2009.04.14 13:30
US
Chairman Bernanke Speaks in Atlanta on Financial Crisis
2009.04.15 00:30
Japan
February Industrial Production m/m (revalued)
-9.4%
2009.04.15 00:30
Japan
February Capacity Index m/m
n/f
-12.9%
-11.9%
2009.04.15 02:00
E-15
March Germany WPI y/y
-7.4%
-5.7%
-8.0%
2009.04.15 02:00
E-15
March Germany WPI m/m
-0.3%
-0.1%
-0.9%
2009.04.15 08:30
US
March CPI y/y
-0.1%
0.2%
-0.4%
2009.04.15 08:30
US
March Core CPI y/y
1.7%
1.8%
1.8%
2009.04.15 08:30
US
March CPI m/m
0.1%
0.4%
-0.1%
2009.04.15 08:30
US
March CPI (NSA)
n/f
212.19
212.71
2009.04.15 08:30
US
March Core CPI m/m
0.1%
0.2%
0.2%
2009.04.15 08:30
US
March CPI Index (SA)
n/f
217.67
218.04
2009.04.15 08:30
US
March Real Earnings
n/f
-0.3%
0.0%
2009.04.15 08:30
US
April NY Fed Manufacturing Survey
-35.0
-38.23
-14.65
2009.04.15 09:00
US
February Net Long Term TIC Flows
n/f
-$43.0b
$22.0 bln
2009.04.15 09:00
US
February Total Net TIC Flows
n/f
$-148.9b
-97.0 bln
2009.04.15 09:15
US
March Industrial Production m/m
-1.0%
-1.5%
-1.5%
2009.04.15 09:15
US
March Capacity Utilization
69.7%
70.2%
69.3%
2009.04.15 11:30
US
March Cleveland CPI
n/f
0.2%
2009.04.15 13:00
US
April NAHB Housing Market Index
10.0
9.0
14.0
2009.04.15 14:00
US
April Fed's Beige Book
2009.04.15 19:01
UK
March BRC Retail Sales Monitor
n/f
-1.8%
2009.04.15 19:30
Japan
April Reuters Tankan Survey
-76
2009.04.16 05:00
E-15
March Core Inflation m/m
n/f
0.5%
2009.04.16 05:00
E-15
March Core HICP y/y
1.3%
1.7%
2009.04.16 05:00
E-15
March Core HICP m/m
0.5%
0.4%
2009.04.16 05:00
E-15
February Industrial Production m/m
-2.4%
-3.5%
2009.04.16 05:00
E-15
March Core HICP y/y
n/f
1.1%
1.5%
2009.04.16 05:00
E-15
February Industrial Production y/y
-17.5%
-17.3%
-18.4%
2009.04.16 05:00
E-15
March Core HICP m/m
n/f
0.4%
0.6%
2009.04.16 05:00
E-15
March Core Inflation y/y
n/f
1.7%
1.5%
2009.04.16 08:30
US
Weekly Continuing Jobless Claims
5.87m
5.84m
6.022m
2009.04.16 08:30
US
March Housing Starts m/m
n/f
22.2%
-10.8%
2009.04.16 08:30
US
March Housing Permits (Units)
550.0k
564.0k
513k
2009.04.16 08:30
US
March Housing Permits
n/f
6.2%
-9.0%
2009.04.16 08:30
US
Weekly Jobless Claims
655.0k
654.0k
610k
2009.04.16 08:30
US
March Housing Starts (Units)
550.0k
583.0k
510k
2009.04.16 08:30
Canada
February Manufacturing Sales
2.0%
-5.4%
2.2%
2009.04.16 10:00
US
April Philadelphia Fed Business Survey
-32.0
-35.0
2009.04.17 01:00
Japan
March Confidence Index
n/f
26.7
2009.04.17 05:00
E-15
Februry Foreign Trade Balance
-6.0b eur
-10.5b eur
2009.04.17 07:00
Canada
March CPI y/y
1.4%
1.4%
2009.04.17 07:00
Canada
March CPI m/m
0.3%
0.7%
2009.04.17 07:00
Canada
March BoC Core CPI y/y
1.9%
1.9%
2009.04.17 07:00
Canada
March BoC Core CPI m/m
0.2%
0.5%
2009.04.17 09:55
US
April University of Michigan Confidence Index (preliminary)
58.5
57.3
2009.04.17 09:55
US
April University of Michigan Confidence Index (current)
64.0
63.3
2009.04.17 09:55
US
April University of Michigan Confidence Index (expected)
55.1
53.5

AceTrader: Market Moving News

Eur/usd - 1.3166 ... The single currency dropped on the back of intra-day selloff in cable n stops below 1.3140/45 were triggered, the release of soft eurozone industrial orders data also put pressure on euro, however, the pair found cross-related buying interest around 1.3120/25 n has rebounded fm 1.3128 as traders booked profit ahead of U.S. opening. At the moment, bids are tipped fm 1.3150 down to 1.3120 with stops placed below latter lvl n mixture of bids n stops remains at 1.3090-00. On the upside, offers are lined up fm 1.3190 up to 1.3220 with stops starting to build abv 1.3250, 1.3275/80 n 1.3300-10...

16 Apr 2009 10:55 GMT
Gbp/usd - 1.4848 ... Despite rising to a 3-month high of 1.5069 in Asia, the British pound tumbled on active cross-selling in sterling on profit-taking after early release of weaker-than-expected economic data out of China, stops below 1.4945/50, 1.4920 n 1.4850 were triggered, mixture of bids n stops at 1.4810-20 is now in focus but buying interest is likely to emerge further out at 1.4770-80. On the upside, offers fm Asian names are tipped fm 1.4900 up to 1.4940 with some stops located at 1.4955 but more selling interest is tipped at 1.4990-00...
16 Apr 2009 09:15 GMT
Usd/jpy - 98.68 ... The greenback slipped in European morning on renewed cross-buying in yen due to risk aversion as Asian stock markets turned negative in late trading (HSI closed down 86 pts after early over 300 pts rise) n stops below 98.90/95 were triggered, however, bids are still noted at 98.40-50 with mixture of bids n stops remains below 98.00-10. On the upside, offers are now reported at 98.90-00 with some stops placed abv 99.10 n 99.30...
16 Apr 2009 05:38 GMT
Gbp/usd - 1.4975...Despite the intra-day rally to 1.5069 in Asia, cable has retreated on profit taking n also risk aversion following the release of the China Q1 GDP figure (which came in at 6.1% with rumours circulating that the figure wud be as high as 8.0%). Bids at 1.4940/50 are in focus with more buying interest likely to emerge around 1.4900. Fresh offers are tipped fm 1.5080 up to 1.5110...
16 Apr 2009 05:29 GMT
Eur/usd - 1.3196...Cross selling in euro vs yen has pressured price here n stops at 1.3180/90 are in focus, however, bids fm Asian n sovereign names are tipped at 1.3150/60 with more buying interest likely to emerge ahead of an option barrier at 1.3100. Offers fm various accounts are reported at 1.3250 n 1.3300. Traders will be on the lookout for more comments fm European officials regarding any extraordinary quantitative easing measures the bank may implement...
16 Apr 2009 05:21 GMT
Usd/jpy - 98.94...Dlr has fallen on active cross buying in yen with the Nikkei-225 giving up most of its intra-day gains (the index is currently up by only 21 points) after China's Q1 GDP growth turned out to be not as strg as expected. Bids at 98.95/00 have been filled n a mixture of bids n stops is reported at 98.50/60. On the upside, fresh offers are tipped at 99.50/60 with selling interest noted further out at 99.90/00 (some orders are option-related)...
16 Apr 2009 02:22 GMT
Gbp/usd - 1.5017...Cable rallied to a fresh 3-month high at 1.5069 earlier this morning in a relatively thin market (some traders were encouraged by the BRC retail sales data which showed a smaller fall in March compared to Feb) b4 retreating on long liquidation. Bids at 1.4990 are now in focus with more buying interest reported at 1.4940/50. On the upside, offers are noted further out at 1.5110/20 (some orders are for profit taking purposes)...
16 Apr 2009 02:15 GMT
Eur/usd - 1.3225...Euro rose to 1.3270 on active cross buying vs yen (eur/jpy rallied briefly to 132.03) b4 retreating on profit taking by st specs, with traders citing the release of weaker-than-expected China Q1 GDP data as one of the factors behind the long liquidation. Bids are likely to emerge at 1.3180 n 1.3150 while on the upside, offers are noted at 1.3290/00 with stops placed abv there...
16 Apr 2009 02:06 GMT
Usd/jpy - 99.20...Dlr found some support fm the rise in eur/jpy earlier this morning n price hit an intra-day high of 99.52 b4 easing after running into offers placed near 99.68 (y'day's high). Bids at 99.00/10 are in focus with buying interest also noted at 98.80 n 98.50/60 (stops are placed below latter lvl). On the upside, fresh offers fm exporters are tipped at 99.70 n 99.90/00 with stops building up abv there. The Nikkei-225 has ended the morning session up 253 points, following the o/n 109-point gain in the Dow...
15 Apr 2009 19:37 GMT
Eur/usd - 1.3204... Despite the single currency's retreat fm 1.3235/40, euro traded sideways in New York afternoon session n buying interest (cross-related) are now seen fm 1.3180 down to 1.3150 with stops located below 1.3135/40 n further out at 1.3100. On the upside, offers fm various accounts (including st specs) are noted at 1.3240/50 n 1.3290/00 with stops placed abv latter lvl.
15 Apr 2009 18:19 GMT
Gbp/usd - 1.4978 ... Cable rebounded fm 1.4925/30 in part due to cross-buying in sterling esp vs yen. Bids are now building up fm 1.4955 down to 1.4930 with stops (sizable) located below 1.4915/20 n also around 1.4900. On the upside, offers by st specs are noted fm 1.5000 up to 1.5020 with mixture of offers n stops seen abv latter lvl n abv 1.5050 (option-related)...
15 Apr 2009 18:13 GMT
Usd/jpy - 99.20 ... The greenback continued to trade abv 99.00 lvl against the yen as U.S. stock markets remained in the positive territories. Buying interest fm various accounts is seen fm 99.00 down to 98.80 with mixture of bids n stops located at 98.50/60 n 98.20/25. On the upside, offers (some are for profit-taking purposes) are now seen in the region of 99.30-50 with mixture of offers n stops placed at 99.60/70 n 99.90/00.
15 Apr 2009 16:10 GMT
Eur/usd - 1.3181 ... The single currency remained under pressure after intra-day selloff to 1.3146 by various accounts on the comments fm ECB's Weber, however, defensive bids ahead of the 1.3140 barrier (will expire tom.) lifted the pair. On the upside, offers are noted at 1.3200, 1.3250 n 1.3290/00 with stops seen abv 1.3305/10.
15 Apr 2009 14:53 GMT
Gbp/usd - 1.4968 ... Cable surged to a 3-month high abv 1.5000 on active buying by U.K. clearer n U.S. inv. bank n stops abv 1.4960 n 1.5000 were triggered, however, the British pound ran into heavy offers at 1.5038 n has retreated back to around 1.4925 in New York morning on profit-taking. At the moment, bids are still noted fm 1.4930 down to 1.4900 with some stops placed below 1.4900 whilst on the upside, offers are tipped fm 1.5000 up to 1.5040 with option-related stops located abv 1.5050...
15 Apr 2009 13:39 GMT
Usd/jpy - 99.40 ... Although the greenback extended intra-day rise to 99.68 in New York morning on dlr's broad-based rally esp. vs European currencies, the pair has eased after the release of weaker-than-expected U.S. industrial production data (-1.5% vs forecast of -0.9%). At the moment, offers are reported fm 99.60 up to 100.00 with stops starting to build abv latter lvl whilst on the downside, bids are still tipped fm 99.20 down to 98.80 n mixture of bids n stops is located at 98.50-60...
15 Apr 2009 11:50 GMT
Eur/usd - 1.3190 ... Despite intra-day strg rebound to 1.3298, the single currency tumbled fm there partly due to comments fm ECB's Weber who said the central bank will annouce 'non-standard' measures to help the economy through the global recession n he sees inflation risks as limited, he also indicated that large part of 2009 will show negative growth in Germany. In addition, news that Citigroup raises Goldman Sachs 2009 earnings per share view plus rating the inv. bank 'Buy' also helped lifting dlr across the board. Stops below 1.3200 were triggered, however, mixture of bids n stop is located at 1.3150-60 n more stops are tipped at 1.3120. On the upside, offers are noted fm 1.3230 up to 1.3240 n more selling interest is likely to emerge around 1.3270-80 with stops placed abv 1.3305/10...
15 Apr 2009 10:14 GMT
Gbp/usd - 1.4958 ... The British pound rallied after finding good support at 1.4822 n U.K. clearer, U.S. inv. bank n European sovereign names were seen buying sterling across the board, stops abv 1.4900, 1.4920 n 1.4950 were triggered n mixture of offers (fm Asian names) n stops at 1.4980-90 is now in focus with more stops located abv 1.5000 barrier. On the downside, bids are lined up fm 1.4940 down to 1.4900...
15 Apr 2009 10:11 GMT
Eur/usd - 1.3253 ... Although the single currency dropped to 1.3204 in European morning, euro found decent demand fm Asian CBs just abv 1.3200 n has rebounded in tandem with intra-day rally in cable, Japanese n German names were seen buying the pair around 1.3230, however, mixtures of offers n stops remain at 1.3265-75 n further out at 1.3305/10. On the downside, bids fm same parties are lined up fm 1.3240 down to 1.3210 with stops starting to build below 1.3200...
15 Apr 2009 09:32 GMT
Usd/jpy - 99.02 ... Despite falling to an intra-day low of 98.15 in Tokyo trading earlier, the greenback has rebounded on cross-selling in yen due to risk appetite as Asian stock markets staged a late rebound (HSI closed +89 pts after dropping over 360 pts in the morning, Dow futures also turned positive n currently up 23 pts). Offers at 98.60-70 were absorbed n stops abv 99.20 are in focus but more selling interest is tipped further out at 99.50 n 99.90-00. On the downside, bids are lined up fm 98.80 down to 98.50 with some stops seen below there n 98.00-10...
15 Apr 2009 05:44 GMT
Gbp/usd - 1.4876...Cable dipped briefly to 1.4851 in Asia b4 recovering but cross selling in sterling vs euro (unwinding of short eur/gbp positions) is putting some pressure on the British pound. Bids are reported at 1.4840/50 n 1.4820/25 with stops tipped below 1.4800 while on the upside, offers are noted at 1.4940/50 n further out at 1.5000 (some orders are option-related). DCLG house prices are due out at 08:30GMT...

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