Pages

Trading Systems Forex

ADSENSE link unit (728 X 15px) SPACE

Get a feel for live tradingTrade Simulator Download here

Selasa, 13 September 2011

Current CAD Trading Plans

Forex Forum


View RSS Feed by on Yesterday at 09:13 PM (9 Views)

We are looking for CAD strength, likely after the CAD news.

EUR/CAD – this pair is oscillating on the D1 time frame and could drop from here with plenty of potential, check it for sell signals in the main session, it has some layers of support down to 1.4000.

GBP/CAD – this pair is in a D1 time frame down trend. Set sell alarm at 1.5925, plenty of room to drop below here.

CAD/CHF – set buy alarm at 0.8415, some minor spikes of resistance then room to move up to about 0.8600

When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for CAD strength or cross currency weakness both.

Good Trading
Mark Mc Donnell
http://www.forexearlywarning.com/
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month

forexheatmap's Avatar Join DateFeb 2010Posts0Blog Entries44Disclaimer: 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. 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. Forex Capital Markets LLC. 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.


Get a feel for live tradingTrade Simulator Download here
Read More ...

Senin, 12 September 2011

|FXReturn.com|London Forex Market Call 8-31-11|

Forex Forum


Disclaimer: 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. 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. Forex Capital Markets LLC. 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.


Get a feel for live tradingTrade Simulator Download here
Read More ...

Daily FX Market Outlook by AceTrader-31-8-2011

Market Review - 30/08/2011 22:00 GMT

Euro tanks on poor EU data and bond auction in Italy

The single currency tumbled on Tuesday as weak EU data and disappointing demand at Italy's bond auction prompted investors to sell euro.

Although the single currency edged higher to 1.4533 at Asian midday following Monday's rise to a near 2-month high of 1.4550, failure to re-test this resistance caused price to retreat at European open, the pair tumbled sharply to 1.4385 due to weaker-than-expected EU data together with the widening bond yield spread (Italian/German 10-year government bond yield spread rose above 300 basis points, the highest since ECB started buying the bonds) but later pared its losses on rumours the ECB bought significant amount of Italian 10-year bonds. Euro eventually recovered to 1.4465 in NY afternoon after the release of FOMC minutes.

The single currency was pressured as Italy sold 7.7 billion euros ($11.1 billion) of debt, including 3.75 billion euros of 10-year bonds, with the average yield of 5.22%, down from a yield of 5.77% in July. The auction was disappointing as bids for the 10-year supply exceeded the amount on offer by just 1.27 times.

EU economic and consumer sentiment were worse than expected, coming in at 98.3, the lowest since May 2010, and -16.5 vs forecasts of 100.5 and -12.0 respectively whilst EU business climate and industrial sentiment in Aug came in at 0.07 and -2.9 vs forecasts of 0.15 and -1.5 respectively.

FOMC minutes for August showed most members agreed economic outlook had deteriorated enough to warrant a response and some wanted more substantial action. They discussed a range of tools reinforcing forward guidance such as asset purchases and increasing the average maturity of the Fed's balance sheet.

Versus the Japanese yen, the greenback fell sharply from Australian high at 76.97 to 76.66 in European morning due to broad-based selling of yen. Despite dollar's recovery to 76.89, the pair dropped again to 76.61 on the worse-than-expected U.S. consumer confidence (44.5 vs forecast of 52.0 and the previous figure of 59.2) before stabilising.

Although the British pound ratcheted higher to 1.6419 at Asian midday, cable tumbled sharply in tandem with euro to an intra-day low of 1.6255 before rebounding to 1.6318 in NY afternoon on short-covering after the release of FOMC minutes.

Data to be released on Wednesday include:

U.K. Gfk consumer confidence, Japan manufacturing PMI, industrial production, construction orders, housing starts, New Zealand NBNZ business confidence, Australia private-sector credit, Germany retail sales, unemployment rate, Unemployment change, EU HICP flash, unemployment rate, Canada GDP, U.S. ADP unemployment rate, Chicago PMI, factory orders, durable goods.

http://www.acetraderfx.com


Get a feel for live tradingTrade Simulator Download here
Read More ...

S.Korea-Market Factors to watch Aug 31

SEOUL, Aug 31 (Reuters) - Following is a list of events in

South Korea as well as news stories and press reports which may

influence financial markets. (Reuters News welcomes your

feedback and for any queries, please contact the Seoul newsroom

at +822 3704 5640 or via email at kr.rtrs@gmail.com)

WHAT IS HAPPENING IN KOREA (Times local, GMT +9 hrs)

>South Korean President Lee Myung-bak due to conduct a partial

cabinet reshuffle under which the unification minister is widely

expected to be removed

>South Korea July industrial output 0800

>SK Telecom holds meeting to approve decision to

spin off platform operation 0900

REUTERS NEWS

>Samsung unveils 3 smartphones to run own platforM

>Hyundai E&C wins $1.5 bln deal in Vietnam

>S.Korea KOMIP seeks 490,000 T coal for Oct-Dec

MARKETS

>Seoul shares up for 4th session

>S.Korea won rises but checked ahead of output data

MARKET SNAPSHOTS

*Seoul shares extended gains on Tuesday, with foreign investors

turning net buyers after a bank merger deal in Greece and

positive U.S. consumer spending data lifted sentiment.

* U.S. stocks rose for a third straight day on Tuesday in a

volatile session, after minutes from the latest Federal Reserve

meeting boosted expectations the U.S. central bank will act

again to stimulate the economy.

* Brent crude rose for a sixth straight session to a four-week

high on Tuesday, boosted by concerns about gasoline supplies,

optimism about fresh economic stimulus and the threat of fresh

storms.

*Gold, oil and bonds surged on Tuesday while Wall Street

rebounded in choppy trade after the latest Federal Reserve

minutes boosted expectations policymakers will act again to try

to stimulate the economy.

IN THE KOREAN PRESS

Following is a summary of local press reports translated by

Reuters. Reuters has not verified the content of these reports

and does not vouch for their accuracy.

>POSCO has agreed to invest 480 billion won ($447.9

million) to increase annual production of nickel with joint

venture partner SMSP by 54,000 tonnes.

Latest KR stock report Latest money report

Latest stocks KR press digest

KR main diary KR IPO diary

Global Markets report Oil Markets report

New York Stocks Asia stock outlook

Emerging markets report

($1 = 1071.700 Korean Won)

(Seoul Newsroom; Editing by Jonathan Hopfner)

Keywords: KOREA FACTORS/

(seoul.newsroom@reuters.com)(+822 3704 5649)

COPYRIGHT

Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.


Get a feel for live tradingTrade Simulator Download here
Read More ...

INSTANT VIEW 3-S.Korea July output drops, misses fcasts

SEOUL, Aug 31 (Reuters) - South Korea's industrial production in July fell by a seasonally adjusted 0.4 percent from June, data showed on Wednesday, missing market expectations and adding to concerns about sputtering economic growth.

On the year, industrial output -- which covers manufacturing and mining production -- also grew a slower-than-expected 3.8 percent in July, Statistics Korea said in a statement.

**********************************************************

KEY POINTS:

- For full story, double-click

- For full table, double-click

- Reuters poll forecasts: July industrial production was seen up a seasonally adjusted 0.6 percent from June and up 6.5 percent from a year earlier.

COMMENTARY:

HWANG SOO-HO, BOND ANALYST, DAISHIN SECURITIES

'The data seems to underscore growing downside risks to our economy along with concerns about slowing global economic growth and a subsequent drop in exports.'

'Economic indicators could worsen further in August to reflect the U.S. rating downgrade early this month and weak U.S. data, though the composite leading indicator today showed quickening annual growth.'

IM NOJUNG, CHIEF ECONOMIST, SOLOMON INVESTMENTS

'We believe the central bank rate raising cycle has ended for this year, and if economic pressure increases we are expecting a rate cut within this year.'

'Although the employment rate is improving, it is not enough to bring up consumption with the burden of household debt.'

'Exports and production for the second half are expected to slow down.'

KIM HYO-JIN, ECONOMIST, DONGBU SECURITIES

'I think it is time to lower our expectations on exports given the widened volatility in markets and concerns over another recession.'

'Domestic demand is broadly linked to exports here and looks like it's slowing a bit, considering tightening moves on household lending.'

'With so many changes in August, the central bank will keep rates steady in September again. It needs to take into account recent market situations and step back from its previous stance of raising rates.'

MARKET REACTION:

- The data was released before local financial markets opened.

LINKS:

- Full statement in Korean from Statistics Korea at http://www.kostat.go.kr

- Historical data available at the statistics agency's database at http://kosis.kr

- For all South Korean news and data, 3000 Xtra users can double-click on

BACKGROUND:

- Confidence among top South Korean companies tumbled to its lowest level in almost two and a half years on concerns about a global double-dip slump and heavy household debt, a business lobby group's monthly survey showed on Monday.

- South Korea's short-term foreign borrowings shrank by the sharpest pace in eight months in July, decreasing by $5.05 billion on the month, following a series of capital flow measures aimed at shielding the country from global jitters.

(Reporting by Kim Yeonhee, Ju-min Park and Taeyi Kim; Editing by Jonathan Hopfner) Keywords: KOREA ECONOMY/OUTPUT

(yeonhee.kim@thomsonreuters.com)(+822 3704 5646)(Reuters Messaging: yeonhee.kim.thomsonreuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.


Get a feel for live tradingTrade Simulator Download here
Read More ...

RPT-UPDATE 3-Airlifts, water rescues in wake of Hurricane Irene

By Grant McCool

PATERSON, N.J., Aug 30 (Reuters) - Emergency workers

plucked dozens of residents from doorways and windows as

Hurricane Irene's floodwaters rose on Tuesday, swallowing

homes, submerging cars and turning the streets of this working

class town into lakes.

While Hurricane Irene's paralyzing rampage through the U.S.

Northeast largely spared New York City, it caused the worst

flooding in decades in inland areas of New York state, New

Jersey and Vermont. The storm has been blamed for the deaths of

about 40 people.

Search and rescue teams working in Paterson, New Jersey

have pulled nearly 600 people from homes in recent days with

the most intense efforts on Tuesday when the Passaic River

measured 13 feet (4 metres) above flood stage, the highest

level since 1903, said Paterson police Sgt. Alex Popov.

Firefighters rescued some by boat and the National Guard

saved others by truck, taking them to a Red Cross shelter.

'Some are standing there in the doorway. Some are coming

out of their windows,' Popov said.

'It's raging,' he said of the Passaic, which runs through

the center of town, about 20 miles (32 kilometers) outside New

York City.

Along the banks of the swollen, rushing brown river,

residents sought to save what they could from homes submerged

in waist-high water. Others stood along the river's edge,

snapping pictures of the devastation.

'I'm from this area and this is the worst that I've seen

here, the farthest up this water has come,' said Peter Hennen,

63, who traveled from south Jersey to help his son, a homeowner

in Paterson, rig up pumps to remove water.

'Everybody thought the (Jersey) shore was going to be

devastating,' he said. 'But people here forgot about the media

telling them the storm's 500 miles wide, so the rest of Jersey

got hit.'

Authorities expected the river to begin receding later on

Tuesday.

Clear skies in the U.S. northeast aided rescue efforts, but

hundreds of thousands of homes were damaged, some swept away by

rivers already swollen by an unusually wet summer.

Irene hit North Carolina as a hurricane and moved north

over major East Coast cities, then weakened to a tropical storm

over New England and dissipated after tracking into Canada.

Some of the worst damage was not along the coast, but in

towns located inland.

In Vermont, officials planned to airlift food and water to

towns cut off by the floodwaters. Some 260 Vermont roads

remained closed and the state was beginning to deploy crews of

workers, backed up by the National Guard, to repair them.

Vermonters already beaten down by the prolonged U.S.

economic slump saw homes and cars washed away, and were then

faced with washed out roads that complicated their recovery

from the state's worst flooding in more than 80 years.

'Economically, I'm devastated,' said Betsey Reagan, owner

of Dot's Diner in West Dover, Vermont. 'Who knows what is going

to happen? ... We'll miss the (autumn) foliage season, who

knows what the winter is going to be like? Tourists can't come

if the roads aren't open.'

The timing of the storm, at the end of summer and before

the Labor Day holiday weekend, was particularly troubling for

business owners whose peak season comes in the fall and winter

when visitors flock to see forests turn color and for skiing.

The state planned to distribute food and water to towns cut

off from supplies due to road outages. In some cases those

supplies would be airlifted in, said Mark Bosma, a spokesman

for the Vermont Division of Emergency Management.

'THE WORST ONE'

In New York City, the streets buzzed anew, the bustle

slowed only temporarily by an unprecedented preemptive shutdown

of its mass transit system and Saturday's evacuation order.

Utilities restored electricity to roughly half the 6.7

million customers who had power knocked out, and New York City

mass transit and air travel crept back to normal.

The New Jersey suburbs were another matter. Train service

returned to normal, but many commuters remained at home

assessing damage to flooded basements, clearing out downed tree

branches or, in the worse cases, waiting for waters to recede.

New Jersey Governor Chris Christie said flooding would

likely continue over the next 48 hours.

'For members of these communities who have lost everything,

relief cannot come soon enough for them,' he said after a tour

of the flooded area. 'We can't fathom what these folks have

been going through.'

In Wayne, New Jersey, Mike Holland, 44, paddled his canoe

away from his trailer home. The water was so deep that three

cars were almost completely submerged on his street, which like

several others resembled a small lake.

Holland said he was used to floods but that 'this is the

worst one.'

'I had raised my trailer for the height of the 1984 flood

plus 8 inches (20 cm) but this was the '84 flood plus 12. It's

an easy fix but it's a pain,' Holland said.

Marguerite Ball, another resident of Wayne, described the

flooding as 'heartbreaking' for the working class area.

'I've never seen flooding like has taken place in the last

few years,' Ball said. 'People just get cleaned out, cleaned

up, rebuild -- and it happens again and again.'

Two hours north, in Windham, New York, a town of about

1,700 known for its ski resort, the main street was swamped

with deep muddy ditches, sidewalks had disappeared and debris

was piled high.

'Where do you start?' said one National Guardsman,

surveying damage in the heart of the ski town.

Irene killed around 40 people in 11 states, in addition to

three who died in the Dominican Republic and one in Puerto Rico

when the storm was still in the Caribbean, authorities said.

Total economic damage could reach $20 billion, said

Standard & Poor's Senior Economist Beth Ann Bovino.

Hundreds of thousands of homes suffered damage, raising

questions about how much would be covered by insurance as many

homeowner policies do not cover flood damage.

U.S. President Barack Obama pledged aid for cash-strapped

states and cities, but the federal money was not expected to

cover all the costs for local jurisdictions already facing a

fiscal crisis.

(Additional reporting by Scott Malone in Vermont, Dave Warner

in New Jersey, Dan Wiessner in New York, Joan Gralla in New

York; Writing by Daniel Trotta and Paul Thomasch; Editing by

Jackie Frank and Todd Eastham)

Keywords: STORM/IRENE

COPYRIGHT

Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.


Get a feel for live tradingTrade Simulator Download here
Read More ...

UPDATE 6-Exxon, Rosneft tie up in Russian Arctic, U.S.

By Darya Korsunskaya and Braden Reddall

SOCHI, Russia/SAN FRANCISCO, Aug 30 (Reuters) - Exxon Mobil Corp and Rosneft signed an agreement to extract oil and gas from the Russian Arctic, in the most significant U.S.-Russian corporate deal since U.S. President Barack Obama began a push to improve ties.

The pact, which includes an option for Rosneft to invest in Gulf of Mexico and Texan properties, ended any hope of Britain's BP reviving its deal with state-owned Rosneft to develop the same Arctic territory. That deal was blocked in May by the billionaire partners in another BP Russian venture.

The pact gives Exxon, the biggest U.S. oil company, access to substantial reserves in Russia, the world's top oil producer. For Rosneft, it's about bringing in one of the few companies capable of drilling in the harsh, deep waters of the Arctic.

Russia has shown greater willingness in the past year to secure foreign partners, even if some deals later fell apart. The Exxon announcement comes only months after the demise of a Rosneft deal with Chevron Corp for a $1 billion investment in an estimated $32 billion Black Sea project.

Analysts cited differences between Chevron and Rosneft over the choice of contractor, the joint venture's domicile and the jurisdiction of arbitration for any business disputes.

Yet Chevron, like Royal Dutch Shell Plc, was also considered a potential partner for Rosneft's Arctic venture.

Russian Prime Minister Vladimir Putin attended the Tuesday signing -- in the Black Sea resort of Sochi -- by Exxon Chief Executive Rex Tillerson and Russia's top energy official, Deputy Prime Minister Igor Sechin.

'New horizons are opening up. One of the world's leading companies, Exxon Mobil, is starting to work on Russia's strategic shelf and deepwater continental shelf,' Putin said.

Exxon and Rosneft agreed to invest $3.2 billion to develop East Prinovozemelsky Blocks 1, 2, and 3 in the Arctic Kara Sea and the Tuapse licensing block in the Black Sea.

Rosneft will own 66.7 percent and Exxon the rest of the joint venture to develop the blocks, which Exxon said were 'among the most promising and least explored offshore areas globally, with high potential for liquids and gas.'

'The fact that someone with the stature of Exxon Mobil is willing to give it a stab is very significant,' said Amy Myers Jaffe, of the Baker Institute at Houston's Rice University.

While Rosneft will tap Exxon's expertise to open up one of the last unconquered drilling frontiers, it will also diversify further by getting a piece of some of Exxon's U.S. developments.

'To get into Russia offshore you give up some of your domestic offshore. I think it's a fair trade,' said Brian Youngberg, senior energy analyst at brokerage Edward Jones in St. Louis, who has a 'hold' rating on Exxon shares.

It marks a big move for Exxon after it spent a year swallowing XTO -- a much-criticized purchase that shifted its profile toward the depressed U.S. natural gas market. 'Now Exxon Mobil is starting to look elsewhere for deals,' Youngberg said.

Analysts also said the Rosneft-Exxon agreement indicates that the reset in relations Obama sought was working to reduce the political risk for U.S. businesses operating in Russia.

'Three years ago, American companies were being excluded. Here, an American company is at the center of a flagship announcement. This deal demonstrates that reset has had a positive effect on U.S.-Russia energy relations,' said Cliff Kupchan, director of Eurasian Practice at Eurasia Group.

In explaining the deal's significance, Myers Jaffe pointed to previous failed efforts in the past decade to foster joint energy interests. 'There was a lot of disappointment on both sides,' she said. 'The U.S. industry just gave up on Russia.'

PLAN B FOR ROSNEFT

Rosneft said the Kara Sea blocks contain an estimated 36 billion barrels of recoverable oil resources. Total resources are estimated at 110 billion barrels of oil equivalent -- more than four times Exxon's proven worldwide reserves.

The Black Sea block is estimated to hold 9 billion barrels of oil reserves. First drilling is planned to start in 2015, with Exxon shouldering most of the costs.

'The Russians very quickly had a Plan B, and Plan B was Exxon,' said Fadel Gheit, energy analyst at Oppenheimer & Co, referring to the quick switch to Exxon from BP.

The deal marks a turnaround in Russia for Exxon, which was widely thought to be on the verge of taking over Yukos, then Russia's largest oil company, before Yukos's boss, Mikhail Khodorkovsky, was arrested in 2003.

Khodorkovsky was subsequently jailed for fraud and tax evasion and Yukos's prime assets were bought at bankruptcy auctions by Rosneft, now Russia's industry leader and with enough reserves to cover 27 years of production.

Uncertainty persists over whether Putin or President Dmitry Medvedev will seek the presidency next March. Putin can now show off the deal as a success if he decides to run.

The transaction also marks a comeback for Sechin, who was ousted as Rosneft chairman earlier this year in a purge of state company boards ordered by Medvedev. Sechin estimated total investment in the project at $200 billion-$300 billion.

In anticipation of all the money flowing there, oilfield services companies including Schlumberger Ltd, Baker Hughes Inc and Weatherford International Ltd WFT.N> have been picking up assets in Russia.

Environmental concerns are unlikely to create barriers to oil extraction in Russia's remote Arctic regions, if moves this year by the country's Natural Resources Ministry to shift nature reserve boundaries are any guide.

U.S. UPSTREAM

Rosneft will be offered an equity interest in Exxon exploration projects in North America, including deepwater Gulf of Mexico and fields in Texas, as well as in other countries.

The deal thus fulfills a demand for reciprocity often made by Putin, helping Rosneft, which already works with Exxon offshore Russia's Sakhalin island, toward its long-term goal of being a global energy major.

It was not clear whether any such investments by Rosneft would need approval from the Committee on Foreign Investment in the United States. An Exxon spokesman declined to comment.

There is no exchange of equity in the agreement, while the BP deal called for a $16 billion share swap in which BP would have exchanged a 5 percent stake for 9.4 percent in Rosneft.

'Exxon is double or triple the size and market value of BP,' said Gheit at Oppenheimer. 'So, obviously, this would be much more important for a BP than it is for Exxon.'

While Rosneft shares rose 1.4 percent in Moscow, Exxon fell slightly on the New York Stock Exchange on Tuesday.

(Additional reporting by Vladimir Soldatkin, Katya Golubkova, Michael Erman and Ernest Scheyder; Writing by Douglas Busvine and Braden Reddall; Editing by Dan Lalor, Tiffany Wu, John Wallace, Steve Orlofsky and Phil Berlowitz)

((douglas.busvine@thomsonreuters.com)(+7 495 775 1242)) Keywords: ROSNEFT EXXON/

(Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)

COPYRIGHT

Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.


Get a feel for live tradingTrade Simulator Download here
Read More ...
Diberdayakan oleh Blogger.