Forex Market

Currency Trading

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:23:00 +0000

The first and last word on trading within currency markets. Expert trading veteran Philip Gotthelf provides the first comprehensive guide to currency speculation aimed toward the average investor. Combining fundamental and technical analysis, this book teaches traders how to take advantage of fluctuations within the currency markets and capture enormous gains. Currency Trading takes the latest developments in the FOREX market and provides readers with a complete trading plan.

Currency Strategy

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:22:00 +0000

Currency Strategy develops new techniques and explains classic tools available for predicting, managing, and optimizing fluctuations in the currency markets. Author Callum Henderson shows readers how traditional macroeconomic theory has repeatedly failed in the face of practical experience in these markets and develops a new approach based on experience. He draws on the technical expertise of his bank to develop mathematical models to assist in the prediction of crises and gives practical advice on how to use these and other tools successfully.

An Introduction to Foreign Exchange & Money Markets An Introduction to Foreign Exchange & Money Markets

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:21:00 +0000

A new concept in financial education training - The Reuters Financial Training Series: An Introduction to Foreign Exchange & Money Markets, will guide novices through the intricacies of the world's wealthiest capital exchange markets. This book sets out to give a clear understanding of how and why these markets function, and explains the associated jargon. Readers will be able to take a more detailed look at Money Market and Foreign Exchange instruments and will be able to examine, in particular, the parameters which must be defined in order to place a value on these instruments, together with basic valuation techniques.

Technical Analysis Applications in the Global Currency Markets Technical Analysis Applications in the Global Currency Markets

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:20:00 +0000

Now updated and revised with all new charts and key information on the euro. The introduction of the euro and the recent explosion of electronic trading has changed the outlook of the foreign exchange market dramatically. Global currency trading offers staggering rewards for those with the knowledge to capitalize on it.

This updated guide provides an easy-to-follow roadmap for beginners and experienced traders alike on how to use technical analysis-with revised charts and graphs-to cash in on these enormous opportunities.

The only guide of its kind to focus solely on all aspects of technical analysis, Luca explains and illustrates:

* The fundamentals of technical analysis and how it applies to foreign exchange What one must learn about trends and trend patterns
* How the major players in foreign exchange analyze their charts
* The quantitative methods of analysis-including all types of moving averages, oscillators, and other indicators

This book provides a thorough, yet easy-to-grasp explanation and analysis of point and figure charting, candlestick charting, the Gann methods, and the Elliot Wave principle. Also included is an updated CD-ROM that lets readers test the methods presented and apply them to real trading-and quickly increase proficiency in charting and chart analysis.

Trading in the Global Currency Markets

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:19:00 +0000

An in depth look at the tremendous potential of this vital market with expert advice from one of the foremost authorities. The foreign exchange market is the world's largest and fastest growing financial terrain. Despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. The revised edition includes complete comprehensive coverage of the euro and the latest historical and economic changes in the market.

Cornelius Luca, a renowned authority on international investing, draws on the insights of leading experts in diverse fields of specialty to explain every crucial aspect of foreign exchange. He provides investors with an arsenal of trading weapons, many on the cutting edge of technology. Demystifying the intricacies of these markets, the book includes:

Analysis of the mechanics of the market, the major players and markets, the pertinent risks, corporate trading, and methods of trading execution.

A thorough overview of foreign exchange instruments and major option strategies, with clear explanations of why currencies are traded and how to forecast currency behavior. An in-depth look at the three types of analysis: fundamental, technical, and econometric. Featuring 200 charts and graphics, TRADING IN THE GLOBAL CURRENCY MARKETS is an indispensable guide to a daunting yet promising financial playing field.

FOREX Business School - Affordable Currency Trader Education

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:16:00 +0000

Aug 16, 2006 – College professor, and experienced investment advisor, Leonard Cox, has been chosen to lead the development team for FOREX Business School. “When I received my MBA from Harvard Business School, with a focus on finance, I never expected the need to continue professional development studies to prepare to be a successful currency trader” says professor Cox.
Professor Cox continues, “even with a world class business degree I still spent over $30,000 on continuing education focusing on gaining a solid understanding of the FOREX markets. I am so glad that I made the additional investment. I have been a very successful currency trader for over 15 years.”
The FOREX Business School educational program is designed for those prospective, and active, currency traders that understand the need for academic preparation to help ensure success in the currency trading markets.
According to professor Cox “for only a few hundred dollars, FOREX Business School students will receive the same level of education, knowledge, and training (and much more) that costs me over $30,000.”
The FOREXBusinessSchool.com course covers up-to-date versions of the most common FOREX educational topics. It is the vast supplemental resources and built-in reference materials that make this course far different from anything else. The value offered by this Understanding FOREX Markets course is incomparable. To get this much knowledge, education, and information would cost thousands of dollars in business college tuition.
We understand why over 90% of currency traders are losers and FOREX Business School is here to change many of those traders into winners! Let ForexBusinessSchool.com help you to help yourself become a winning currency trader.
With this new site FOREXBusinessSchool.com anyone can learn what they need to in order to make money as a professional currency trader.

Begin Forex

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:15:00 +0000

The idea of Begin Forex is to get you started in forex trading as quickly as possible plus shows you how to use the world's best forecast tools and services to be profitable and a successful forex trader right from the start. Who is this book for?This book is for people new to forex trading and want to begin forex trading.

Forex Made Easy

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:14:00 +0000

Book Info

FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks--founder of the popular trading software 4X Made Easy--draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.

International Money and Foreign Exchange Markets : An Introduction

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:13:00 +0000

Essential reading for students of finance, banking and business, as well as MBA students needing an introduction to financial markets. Paper. DLC: Foreign exchange market.

Foreign Exchange An Introduction to Foreign Exchange & Money Markets

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:12:00 +0000

The Reuters Financial Training Series An Introduction to Foreign Exchange & Money Markets A new concept in financial education training, An Introduction to Foreign Exchange & Money Market is guides novices through the intricacies of the world’s wealthiest capital exchange markets.

Currency Trading: How to Access and Trade the World's Biggest Market

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:11:00 +0000

Provides a cutting-edge and comprehensive overview of the largest market in the world and shows you how to take advantage of the fluctuations within currency markets to reap enormous rewards. Filled with in-depth insights and valuable advice that any level of currency trader can appreciate.

Trading in the Global Currency Markets

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 13:11:00 +0000

(New York Institute of Finance) Text brings the complex machinations of the foreign currency markets to life, clearly and concisely analyzing the various currencies, market forces, and emerging technologies, and illuminating them with real-world examples and graphics. DLC: Foreign exchange market.

Learn Forex

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:32:00 +0000

FOREX (the Foreign Exchange market) is an international market where participants speculate on the value of different currencies, buying and selling dollars, pounds, euros, and other currencies.

There are only a few major currencies to follow, compared to hundreds of stocks in the equities market. In order to get started understanding Forex, sign up for a free practice account today and learn as you trade!

Trading risk free with a practice account is the best way to get familiar with this ever-growing market. And once you are signed up, CMS Forex will provide you with thorough educational resources to guide you along the way.

So don't wait, take this opportunity to get started trading Forex!

EURO / US DOLLAR

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:31:00 +0000

Classical Outlook: Price action remains extremely choppy with the market whipsawing between 1.4000 and 1.4340 in recent trade. However, at this point it appears as though bulls are winning out, with any pullbacks easily met by intense buying. A closer look at the weekly suggests that we are on the verge of another major upside break following consolidation since May, which if broken, would project gains towards 1.5000. Look for a break above 1.4340 and close above the 100-Week SMA to confirm.

Elliott Wave Outlook: Last week, I wrote that “a 4th wave triangle is complete at1.3877 and the next expected move is a terminal thrust (higher) above 1.4340 and maybe 1.4720.” Today’s strong rally inspires confidence in a break next week. Again, expectations are for the rally to end above 1.4720.

BRITISH POUND / US DOLLAR

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:29:00 +0000

Classical Outlook: Friday’s price action alone has negated the hopes for a major head & shoulders top formation on the daily chart with the weekly price action now looking more like a bullish consolidation that is on the verge of some fresh upside. A sustained break above 1.6745 should open the door for a push back above 1.7000 over the coming days. Back under 1.6340 now required to shift structure.

Elliott Wave Outlook: A triangle is also complete in the GBPUSD. Price should stay above 1.6470 on its way to at least 1.7000. Keep in mind that the rally will complete the entire advance from the January low as thrusts from triangles are considered terminal.

AUSTRALIAN DOLLAR / US DOLLAR

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:28:00 +0000

Fresh 2009 highs beyond 0.8265 with the market ending the latest multi-week consolidation and now attempting to push towards critical psychological barriers by 0.8500. Any hopes from USD bulls for a top can only now be achieved with an immediate failure above 0.8300 and break back below 0.8125 which now offers itself as formidable support. The market is set to close above the 100-Week SMA for the first time since August 2008.

Elliott Wave Outlook: Bigger picture, the AUDUSD is at risk of a significant decline as the structure of the rally from .6005 is corrective (3 waves). But, the larger decline will not begin until wave v of C is complete . .8385 (61.8% of the decline from .9856) is potential resistance. Expect a test of .85.

AUSTRALIAN DOLLAR / US DOLLAR

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:28:00 +0000

NEW ZEALAND DOLLAR / US DOLLAR

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:23:00 +0000

Classical Outlook: Has just managed to squeak out a fresh 2009 high by 0.6640, with the market successfully putting in yet another weekly higher low and higher high. The key level to watch above comes in by the 200-Week SMA at 0.6730, but we would also expect this level to provide a solid cap on additional gains. It is worth noting that the market has recently failed directly by critical former support from August 2007 at 0.6640 which could be warning of a near-term top.

Elliott Wave Outlook: The NZDUSD is in a similar position. Expect additional strength over the next several weeks to complete the rally from below .50. .6950 (pivot high from September 2008) is potential resistance.

US DOLLAR / JAPANESE YEN

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:23:00 +0000

Classical Outlook: There is nothing bullish in the medium-term or longer-term for this pair with the market locked in an inter-day downtrend off of the 2009 highs by 101.45 and in a much more defined longer-term down-trend since 2007. We look for a fresh lower top now by 101.45 to be confirmed on an eventual break back below 87.15 over the coming weeks. Any rallies above 95.00 should therefore be used as good sell opportunities. Also look for a break back under 91.75 in the coming week to accelerate declines. Gains also continue to stall by the weekly Ichimoku cloud bottom.

Elliott Wave Outlook: The decline from 101.50 is a series of 1st and 2nd waves. The USDJPY is resisted by the 200 day SMA (although the pair did trade above there briefly in the middle of this week). Bears are favored against 97.01 in anticipation of the long term decline continuing below 87.10 and eventually to an all-time low (below 80).

US DOLLAR / CANADIAN DOLLAR

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:21:00 +0000

Classical Outlook: Despite the latest pullback, we still hold a constructive outlook for the pair and look for a low to carve out at current levels ahead of renewed strength back above 1.1725 over the coming weeks. Daily studies are now oversold, while medium-term studies show the market very well supported below 1.1000. It is too early to call for a major double bottom, but a base at current levels and break back above 1.0935 would help to strengthen case.

Elliott Wave Outlook: The entire rally from 1.0782 has been retraced. Additional weakness is expected in order to complete the decline from 1.1730 and by extension the entire decline from 1.3068. 1.0588 is the next level of potential support (Fibonacci).

US DOLLAR / SWISS FRANC

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:20:00 +0000

Classical Outlook: The market has mounted a slow and steady recovery since posting historic lows below parity in 2008, but is under pressure over the past several weeks with the latest consolidation underway just over 1.0500. But for the recovery structure to remain intact, the market needs to hold above the December 2008 1.0410 lows. A 2009 low was recently made by 1.0590 and we look for the latest consolidation to hold above this level ahead of a fresh upside break beyond 1.1025 which offers itself as medium-term resistance. Below 1.0590 concerns.

Elliott Wave Outlook: Sticking with the USD bearish count, expectations over the next several weeks are for a thrust lower that ends below 1.0367. Bears are favored against 1.0939 and 1.0037 is a potential target (100% extension of 1.2303-1.0367).

EURO / JAPANESE YEN

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:20:00 +0000

Classical Outlook: No clear bias here as the market continues to chop around. A break back above 140.00 or below 127.00 is now required for clearer directional bias. Above 140.00 suggests major base in place, while back below 127.00 opens the door for bearish continuation.

Elliott Wave Outlook: Lack of clarity is the best way to describe the EURJPY. Ideally, the rally from the January low in the EURJPY completes wave C of an expanded flat that began at the October 2008 low. The implications are bearish but this count doesn’t make sense with the EURUSD bullish count (unless the USDJPY falls that much more than the EURUSD gains…which is possible). For now, those trading the EURJPY would do best to play the 127-137 range but watch for potential support at 130.50 (Fibonacci).

BRITISH POUND / JAPANESE YEN

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:19:00 +0000

Classical Outlook: Very tough to call with compelling cases on both sides here. Bulls make a case for continued recovery from the historic lows set in early 2009, with a higher low now by 146.80 ahead of the next upside beyond 162.60. Bears can argue that we have broken the rising channel support off of the 2009 lows, with the latest rally expected to stall ahead of 162.60 and set up 1-2-3 top formation. We are sidelined.

Elliott Wave Outlook: Very tough to call with compelling cases on both sides here. Bulls make a case for continued recovery from the historic lows set in early 2009, with a higher low now by 146.80 ahead of the next upside beyond 162.60. Bears can argue that we have broken the rising channel support off of the 2009 lows, with the latest rally expected to stall ahead of 162.60 and set up 1-2-3 top formation. We are sidelined.

EURO / BRITISH POUND

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:18:00 +0000

Classical Outlook: Weekly studies still show plenty of room to run and we look for additional setbacks towards the 0.8200 area. As per our commentary in the previous week, a lower top appears to be carving out by 0.8700, with the market putting in a very impressive bearish reversal week.

Elliott Wave Outlook: The EURGBP appears to have completed a correction from the December 2008 top. The structure of the decline since then is not especially clear, which is the first sign that the pair in question is stuck in some sort of correction. However, the rally off of the low is choppy as well. Price is in the middle of a multi-week range right now so near term direction is unclear. Above .87 exposes .8870 and below .84 exposes .8230.

TRADE LIST

noreply@blogger.com (g. sarwar) — Sat, 01 Aug 2009 12:17:00 +0000

TRADE LIST

*Entry prices for trades that are recommended ‘at market’ are listed as the close price on the date published.