Euro Profitability chance against 1.4672

As long as price is above 1.4672 (ideally, price remains above 1.4744), we still suggest bullish and expecting even a minor rally to at least 1.4980 if you don't count the Fibonacci zone, which does not begin until 1.5168.Support line is at 1.4770 coming much below there would begin to put in doubt the bullish outlook, if so, still a risky game unless support line will reach and be stable for a while.

Forex Mega Droid

It seems like most inexperienced traders are moving towards Forex Trading Robots or Forex Expert Advisers. These are automated Forex Trading software which makes the decisions on your behalf.
Some of these Forex Auto Trade robots have been developed by Forex experts who have been trading for many years.
One such Forex Trading Robot is Forex Mega Droid. A new trading robot developed by an expert trader with many years of experience.
Some other Forex Robots do not perform well in all market conditions. If there is a sudden change in the market most of them fail to trade successfully.
Mega Droid were developed to make successful trades in all market conditions.
Forex Mega Droid will not make you a millionaire over night. Although it automatically makes mostly winning trads, it does not make trades very often. It happened to me that it did not make one single trade for a whole week. If you are looking for a way to make quick millions, this is not it! But if you are looking for a way to make constant profits on a long term investment, then you can try it.
I predict that thousands of in-experienced traders will find this simple solution the ideal way to trade. It’s hands free, and you can get on with life. Mega Droid were developed by experienced Forex Traders with more than 32 years of trading experience. It is also the only trading robot with a built in function which makes it hard for Forex brokers to detect.

Learn Forex Curreny Trading

FOREX can be very beneficial to a number of people. FOREX investment is simple and investments can be done either over a long period of time or in a short period of time. Investors make a lot of money by FOREX trading. Investors who choose to invest in FOREX are mostly well familiar with the market and notice the current situations in countries of the world. There are some strategies will give investors more advantages and help investors realize even greater profits in the short-term gains.One of the most useful of FOREX trading strategies is a strategy known as leverage. This FOREX trading strategies is designed to take advantage of more funds than are deposited and through this FOREX trading strategies you can maximize the FOREX trading benefits. The leverage FOREX trading strategy is suitable for a regular basis and allows investors to take advantage of short term flow in the FOREX market. Stop loss order is another commonly used FOREX trading strategy. It is used to protect investors and it creates a predetermined point at which the investor will not trade.This helps investors to minimize losses. However, this strategy can back fire and the investor can stop their FOREX trading which could actually go higher but run the risk. Choice is given to the individual trader whether or not to use this FOREX trading strategy. An automatic entry order is another of the FOREX trading strategies that is commonly used and also allow investors to involve into FOREX trading when the price is suitable for them. The price is predetermined and once reached the investor will automatically invest into the trading. It is vital for FOREX investors mentioned earlier knowledge of these FOREX trading strategies if wish to be successful in FOREX trading. Besides that, advanced charting programs are a major tool among many different tools that can help a FOREX trade out. With global interactive training rooms with live video feeds and the daily World Bank FOREX report helps investors gain a lot of the trading.Business trade is happening everyday among all countries. Currency trading volume is relatively 24 hours a day. From analysis report, there are a substantial peaks trading activity when British, European , US markets are open simultaneously, which is from 1pm GMT to 4 pm GMT . By overlapping in the times that these markets are open, overall foreign currency trading volume is decided which markets are open. Obviously the foreign exchange market is considerably volatile and random.Trade in the famous currency pair at the same time every day will give trader a surprise on similarity of trend. By trading during indicated time frame, traders may be able to observe either minimize or maximize the level of risk for currency pairs. To be more secure on currency trading, technical analysis tool like Bollinger bands should be used to quantify volatility. The main advantages are to compare volatility and relative price levels at certain time limit. Another analysis skill that is good to know is the trading pivot system.

Forex Trading Offers Huge Earning Potential

Forex currency exchange trading is one of the fastest growing trade markets in the world. It is also the biggest with an estimated 1.8 trillion dollars being exchanged every single day.
With these stats to it's name it should come as no surprise that one of the major reasons for this exponential growth is the fact that Forex trading offers incredible earning potential.
This is also why large multi-national corporations have been investing in foreign exchange for years and more and more individuals are utilizing currency trading to supplement their incomes and some are even living purely off the profits they make.
Incredible Forex Leverage Ratios
So why does Forex trading offer such incredible earning potential? Well firstly the currency exchange market operates through brokers who offer some significant leverage ratios to their traders.
For example, you decide to purchase 10,000 US Dollars against Japanese Yen at 125.00. Next day you sell 10,000 US dollars and buy Yen at 126.00 making a profit of approximately $79. To fund this position you need a deposit of $100 not $10,000 since the rest of the amount is leveraged to you by your forex broker.
If you were to try and trade without any form of leverage you would make very minimal profits and it would not be worth your time trading.
This is the beauty of Forex trading, any individual trader, no matter what their starting capital, can experience the thrill ride of trading large amounts of currency and making big profits without depositing thousands of dollars.

Massive Earning Potential
Another factor that lends itself favorably to the earning potential of Forex trading is the fact that the market is open 24 hours a day. As one market is closing another is opening, Forex literally follows the sun around the earth - where the sun is shining the Forex is trading! This means you can be making profit 24 hours a day on Forex, particularly if you make use of an automated trading system.
The speed at which things change in Forex is also a major factor behind why currency exchange can be so profitable. Barely a second goes by without currency changing in value.
Unlike stocks are shares where you can be sitting on a trade for month, even years, waiting for the price to move favorably, currencies can make you a substantial profit within minutes or even seconds of you commencing a trade.
There are also no expensive commission fees to pay anyone in Forex. Brokers make their money from the difference between the buy and sell price of a currency. This means you never need to concern yourself with the thought that you will lose some of your profits to your broker - whatever you earn you can keep!
Stop-Loss Functions for Safer Currency Trading
The stop-loss functions of Forex trading platforms will also help you to make huge profits trading currencies. These work by you pre-setting an entry and exit point you are happy to complete a trade at.
For example, you know the figure you want to make from a trade and you also know the most you are willing to lose if things go wrong, so you set this up when you start your trade.
If the value of your trade reaches either of these upper and lower limits you trade will automatically execute. This puts a limit on your losses and ensures that you never lose more than you intend but you always profit as much as you envisage if things go in your favor.
All of these factors and more contribute to making online Forex trading one of the most profitable trading opportunities in the world. Those that get their strategy right are well known to be making millions every year from trading Forex.
If you are willing to put in the time to properly educate yourself and do not try to run before you can walk then you have a fantastic chance at making sums of money you never dreamed possible simply by trading currencies online.

Crude oil falls on weak global cues

Islamabad: Crude oil fell by 2.03 per cent in futures on Wednesday as traders indulged in selling after reports of weakening trend in global market amid subdued demand.
Crude for the far-month August fell by 2.03 per cent to Rs 2,890 a barrel on the Multi Commodity exchange with trading volume of 40 lots. Similarly, the crude oil for July month contract lost 0.81 per cent to Rs 2,830 a barrel, clocking a business volume of 30 lots. Traders attributed the fall in crude oil mostly to weakening trend in global market. Meanwhile, oil prices continued to fall in Asian trade today as slumping US retail sales fuelled worries of a slowdown in global oil demand.

U.S. Business Inventories Down 1.3% in February

U.S. business inventories declined for the sixth straight month in February, indicating companies continue to whittle through inventory to match declines in demand.Inventories fell 1.3% month-over-month in February, one-tenth more than the consensus estimate for a 1.2% decline, the U.S. Department of Commerce reported on Tuesday.
The drop followed a revised 1.3% fallback in January, which was initially reported as -1.1%.
From February 2008, inventories are down 3.5%.
The total business inventories-to-sales ratio was unchanged at 1.43. In February 2008, the ratio was 1.29.

Risk Warning

High Risk Investment: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Market Opinions: Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Global Forex will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Internet Trading Risks: There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since Global Forex does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Back up systems and contingency plans to minimize the possibility of system failure have been implemented and trading via telephone is always available.
Accuracy of Information: The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Global Forex has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
Distribution: This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.

Indian Prime Minister's statement: protest lodged with Indian HC

Recorded Report:
ISLAMABAD: According to a private TV channel, Foreign Office summoned Indian High Commissioner on Saturday and lodged a protest against the statement issued by the Indian Prime Minister about possible terrorist attacks during Indian elections.APP ADDS: Taking very serious view of the Indian Prime Minister's accusation about a possible terrorist attack in India from the Pakistan territory, Pakistan on Saturday asked India to provide specific information. The Indian Prime Minister during his public interaction has expressed apprehension about a possible terrorist attack from the Pakistan territory in India during the forthcoming Lok Sabha elections.The Acting High Commissioner of India was called on Saturday by Director General (South Asia), Ministry of Foreign affairs to convey that the Government of India share with the Government of Pakistan any specific information available with it which had prompted such an allegation by their Prime Minister. "It has been Pakistan's consistent position that countering terrorism requires pragmatic co-operation", a foreign office statement issued here said.

Toyota operating loss may hit $5 bn in 2009/10

Tokyo: Toyota Motor Corp's operating loss could balloon to over 500 billion yen ($5 billion) in the year to March 2010, as the global economic crisis hits car sales, the Nikkei business daily said on Sunday without citing sources. Sales of automobiles could tumble to about 6.5 million units during the current year, falling 7 million units for the first time in six years, Nikkei said. A survey of 19 brokerages by has operating loss at the world's biggest automaker expanding to a median 550 billion yen in the current year, from an estimated 450 billion yen in the year ended last month. Analysts say the outcome will depend on the exchange rate, the global vehicle demand and how much Toyota will be able to reduce its costs. It would be the second straight operating loss, as the company has already warned that it expects an operating loss of 450 billion yen, its first ever, for the fiscal year to March 31. Revenue for the current year is expected to fall to around 20 trillion yen, down from an estimated 21 trillion yen for the year before, the Nikkei said. Toyota group auto sales are now estimated at 6.5 million vehicles for the fiscal year just started which, if confirmed, would be the first time they have fallen below seven million units, it said.

• Toyota to revamp US operations:Report
• Toyota to launch Fortuner in India by September
• Toyota tweaks sourcing plan for small car plant

That forecast is mainly due to a delay in recovery of the US auto industry, with the Japanese and European auto markets also expected to remain stagnant, and the impact of a strong yen against the dollar and the euro. A strong yen lowers the competitiveness of Japanese products overseas. Toyota overtook general motors last year to become the world's top-selling automaker, but only because the US giant's sales fell faster than its own. The Japanese company has moved to lower production, cut jobs and appoint a new president from its founding family in response to the crisis, its biggest ever.

China forex reserves at US$1.95 trillion

Associated Press-Page7:

China's central bank said yesterday that its foreign exchange reserves rose 16 percent from a year earlier to US$1.95 trillion by the end of March, but growth slowed in the first quarter as exports and foreign investment slumped.
China's reserves, already the world's largest, increased by US$7.7 billion in the first quarter - US$146.2 billion less than during the same period last year, the People's Bank of China said in a notice on its Web site.
The rise compared to a fourth quarter increase of almost US$45 billion, according to China's official Xinhua News Agency.
The slower rate of increase in China's reserves this past quarter could raise concern in Washington, where U.S. officials are depending on Beijing to continue buying treasury bills to finance a stimulus package. Other Western leaders, including British Prime Minister Gordon Brown, have called on China to contribute to a global bailout fund from its reserves.
The country's reserves have ballooned in recent years as the central bank has bought up dollars generated from its huge trade and influx of foreign investment.
But its economy has slowed recently due to a drop-off in trade brought on by the global financial crisis and a slump in the domestic real estate industry, although there are signs that trade picked up in March.
"The money is leaving the country anyway, so there is no need for the government to go out and buy dollars," Andy Xie, an independent economist based in Shanghai, said. "Inflow through buying properties and speculation was a big part of foreign exchange increase in the past few years, and we are seeing a bit of unwinding as new money is not coming in."
Foreign companies invested US$5.8 billion in China in February, down 15.8 percent from the same month last year, according to government figures.
Nearly half of China's foreign exchange reserves are invested in U.S. treasuries and notes issued by other government-affiliated agencies. China's Premier Wen Jiabao called on the U.S. last month to safeguard those assets as America's largest creditor.
In March, the reserves increased by US$41.7 billion - US$6.7 billion more than the same period last year.
Exports fell 17 percent in March from a year earlier, the fifth straight monthly decline but less severe than February's 25.7 plunge, the sharpest in a decade, the customs agency reported Friday. It said trade "showed clear signs of improvement."
Imports fell by 25.7 percent, widening the Chinese trade surplus to US$18.6 billion from February's US$4.8 billion gap.
Beijing has taken steps to hold down the price of exports by cutting taxes on exporters and stopping the rise of China's tightly controlled currency, the yuan, against the U.S. dollar. Economists say both steps could strain relations with trading partners if China is seen to be competing unfairly.

Forex Signal

Forex Signal:

As you know, there is a lot of time and effort that goes into the actual learning of the forex market. In fact, there are many people that are not able to succeed in the market because of the fact that they never took the time to learn all of the material that needs to be learnt in order to be successful. The forex market is not a get rich scheme by no means and when you under estimate how easy it is to lose all of your money due to the fact that you didn’t take the time to learn some information, you will find out that it isn’t going to take to much to knock you off of your feet. The forex market is not about being fair because you are a beginner in the forex market. The forex market is the type of market that doesn’t slow down for beginners, so it is up to you to make sure that you get the education that you need before you take that risk of entering the market. In this article, I am going to tell you about the forex signal so that you will at least know that much about the forex market.

Learning About the Forex Signal:

As you know, if you want to keep an eye on the forex market you are going to have to stay in front of your computer for a long time. So, just in case you don’t have that type of time on your hands you may want to consider signing up for a service that is known as the forex signal service. This type of services is known for their ability to monitor as well as analyze the forex market so that you want have to and then when they get the information that they are looking for they will send it to your desktop or your email. They can also send it to your cell phone or pager if you have SMS on it so that they are able to. You will find that a company or companies that are known to offer a forex signal is not going to do so on a free basis. A forex signal provider is going to do so on a paid basis so you will have to actually sign up for a monthly or yearly fee; it all depends on what you want to do. When it comes to a forex signal, you are going to find that there are a number of currency pairs that are available to be adapted to a forex signal. However, there are some currencies that cannot be referred to in a forex signal; you will have to check with the forex signal provider to see what currencies they will offer a forex signal for.

Definition of a Forex Signal:

A forex signal is known to be primarily used for the technical analysis of the actual conditions of the market. Most of the companies that offer a forex signal are known to actually use a variety of combinations of indicators so that you will be able to identify the main trends as well as the entry points and exit points. The actual results that the provide of the forex signal comes up with will then be sent to the subscribers that then have the option to act on the information that they were given or pass on the information about the forex signal that they were given. There are some forex signal services that will take the matters into their own hands and execute the trade for you. There are many indicators that affect the signals that you are serviced with; two of the indicators are known as volatility as well as momentum that can actually be used to actually reinforce the signals that are provided by the other sources. If they are indeed taken together, they will actually form what is known as a reliable source to get information about when it comes to how the actual market to behaving. A forex signal is very important when you are trading in the forex market. You should also make sure that you take into consideration that the signals are actually providing you with information are not a sure thing. There is no actual service that provides signals that will actually guarantee that the signals are going to be one hundred percent accurate. However the services that are reputable will give you their track record to review.

What is the status of market confidence?

It has been said previous to the recession that the fiscal markets have been experiencing the catastrophe for almost 18 months up till now was one of confidence or a lack thereof. That would mean that, although the viewpoint for the worldwide market is depressing, a recover in investor sentiment could make changes in the markets. This is an estimate that up to now is founded on price action rather than fundamentals. Examining through the markets, there have been uncertain rallies in risk appetite estimated through equity indices, corporate bonds and the currency market. For the FX world, potency in the Australian dollar, New Zealand dollar and yen crosses have triggered a sustained advance in the Carry Trade Index.

Can Dollar Hold Ground?

Dollar selling still continue, and this week we're seeing more and more of it, but the pair had a hard time clearing the 1.5850 resistance level on the way to challenging the 1.5900 all time highs against the euro.Perhaps the bears are starting to run out of steam. Certainly the economic data gave them little to chew on this week.Overall the results were a bit mixed as housing data and personal income showed some mild improvement but Durable goods once again missed to the downside. At best one could say that the US fundamentals have not become dramatically worse and that was enough to keep dollar bears at bay.The pair remains at standstill as traders look for new themes to develop. Last week we noticed that "With EURUSD having run out of stream at 1.5900 early last week, near term momentum has shifted to dollar bulls. They will however, need further negative surprises out of the Eurozone in order push the pair lower. Otherwise, assuming there are no additional exogenous shocks, the currency market may simply meander aimlessly for the rest of the week in very narrow trading range."The range for the time being appears to be contained within 1.5600-1.5850 zone but if it gets out of 1.6000 limits it can go even higher than that. However, next week the veneer of calm may be shattered by the event risk to come. The US calendar carries important releases nearly every day of the week with both ISM Manufacturing and Services possibly foreshadowing the state of the US labor market to be revealed in Friday’s NFPs. If data confirms the doomsayers worst predictions showing continuing contraction in US labor demand, the dollar may not be able to hold its ground and 1.6000 could give way. On the other hand if the numbers do not reveal a huge decline of –100k or more, the greenback may inch away from precipice and commence a much needed relief rally.

Oil crisis affect the USD. how exactly? find out.

Oil prices are rising and the US dollar is falling, but is this the natural relationship between these two assets? Taking a look back at the two prominent oil shocks of the past four decades (1973 and 1979), we see that this is not necessarily the case.1973 Oil Crisis: Initially Dollar Bullish, Eventually Dollar BearishIn 1973, oil prices jumped 134% when the members of the OAPEC, which is OPEC plus Egypt and Syria, announced that they were no longer shipping oil to nations that supported Israel in its conflict with Syria and Egypt. This effectively shut down exports to the US, Western Europe and Japan. As a result, prices rose significantly to account for the sharp reduction in supply. At the same time, Saudi Arabia, Iran, Iraq, Abu Dhabi, Kuwait, and Qatar unilaterally raised prices by 17 percent and announced production cuts after negotiations with major oil companies.

CAD High Reward to Risk Trade

Currently, there is a high reward / risk short USDCAD opportunity. The EURUSD remains in a range, but the recent rally is corrective. This corrective advance could very well be part of a larger corrective advance however. Not much has changed regarding the EURUSD this morning. We wrote yesterday that "the drop from 1.5701 is in 5 waves and is most likely wave 3 within a 5 wave drop from 1.6039. A corrective 4th wave advance is expected to unfold over the next several days. 4th wave usually reach at least the 4th wave of one less degree (1.5083 in this case). The 38.2% of 3 is also a common terminal point for 4th waves (1.5153 in this case)." Although a larger correction to the mentioned levels is preferred, the advance from 1.4815 is clearly in 3 waves and therefore corrective; leaving the EURUSD vulnerable to additional weakness as long as price is below 1.4981. Things are playing out as expected with the USDJPY. "Bigger picture, we maintain that wave Y (the third wave in a 3 wave advance from 95.72) is underway from 103.76 and will end in the 113.25-116.65 zone (Fibo levels from the 124.13-95.72 drop) and give way to a long term reversal. The rally from 103.76 is probably the first zigzag in a double zigzag (as wave Y), so expectations are for a drop to reach the 38.2% of 103.76-110.40 (107.86)." The USDJPY fell to 108.36 this morning but we favor additional weakness with the first objective being 107.86 and the second 107.10.The GBPUSD has plunged and is nearing the longer term support levels that we have mentioned in recent months near 1.85. The short term trend remains bearish as long as price is below 1.9034. It is worth mentioning that 13 day rate of change is at its lowest level since August 1997. When we do get an upward correction, it will probably be sharp.The USDCHF has nearly reached the initial objective (already) of 1.0986 (the 100% extension of .9647-1.0624/1.0010. A reaction lower is expected to occur off of this line. There is potential support near 1.0740. The AUDUSD decline is nothing has continued and counting short term waves is an exercise in futility right now. The pair may test the January (and 2008) low of .8512 before we see a rebound. Longer term expectations are for the drop to reach .6770 but there will be corrections along the way. It is not safe to enter short at this level since the risk of a large and sharp correction are simply too high.The NZDUSD spiked lower this morning, touching the 161.8% extension of .8215-.7536/.7921. Short term channel support should lead to a larger advance from near current price. Resistance begins at .7082.

How long the risk appetite can maintain its rebound?

There have been important upturns for risk-laden securities among the markets throughout the past week. Rallies in equities, bonds, commodities and key currencies have given the 1st clear indication that the worst for investor sentiment might have gone by now. But the larger subjects in fundamentals and trends in price action can keep cynical and tired traders out of the market until indubitable affirmation will be able to validate a return to risk appetite. Examining the markets in the last weeks, apprehensive bulls have enough to go on. The Dow is 12.5 % off its multi year lows, crude is back over $50 per barrel and the high-yielding Australian dollar has recovered in opposition to most of its main counterparts.

Euro Profitability chance against 1.4672

As long as price is above 1.4672 (ideally, price remains above 1.4744), we still suggest bullish and expecting even a minor rally to at least 1.4980 if you don't count the Fibonacci zone, which does not begin until 1.5168.Support line is at 1.4770 coming much below there would begin to put in doubt the bullish outlook, if so, still a risky game unless support line will reach and be stable for a while.

FXCM Holdings LLC Releases Financial Data: Over $100 Million in Capital

FXCM Holdings LLC has made an unprecedented public release of its balance sheet and invites other firms within the forex industry to follow its example.
Highlights of the (unaudited) balance sheet include the following:
$145,072,098 In Capital (Assets Minus Liabilities)
$179,381,756 In Operating Cash (Excludes Client Funds)
Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."

Balance Sheet (Unaudited)
FOR THE MONTH ENDED DECEMBER 31, 2008(Amounts in USD)
CUSTOMER CASH $252,844,782
OPERATING CASH $179,381,756
OTHER ASSETS $5,941,945
FIXED ASSETS $7,762,294
TOTAL ASSETS $445,930,777
CUSTOMER DEPOSITS $252,844,617
DEFERRED REVENUE $18,000,000
OTHER LIABILITIES $30,014,062
TOTAL LIABILITIES $300,858,679
FXCM CAPITAL $145,072,098
TOTAL LIABILITIES AND FXCM CAPITAL $445,930,777