US Housing Data Keeps Momentum Positive

CURRENCY TRADING SUMMARY – 20th July (00:30GMT)

 A positive look at todays forex Market.

U.S. Dollar Trading (USD) with significant stock gains under the belt already the market was prepared to quietly consolidate into the weekend but this was put on hold when US Housing data shocked to the upside.

US June Housing Starts at 582K vs. 530K forecast and Housing Permits at 563K vs. 520K. US earnings are still very much in focus with most traders watching S&P 500 movements for direction in their respective markets. In US share markets, S&P ended -0.36 points (-0.04%) at 940.38, NASDAQ ended .58 points ( .08%) at 1886.61 and DOW JONES ended .12 points ( .37%) at 8743.94.

The Euro (EUR) stalled above 1.4100 and fell back to supports at 1.4070 as the market consolidated gains. Poor GE results (-47% Profits) hurt but this effect was short lived as US housing data inspired a fresh attempt higher. The market ran out of time but the Euro will be looking to test 1.4200 shortly if the current momentum and sentiment continues. Overall the EUR/USD traded with a low of 1.4062 and a high of 1.4146 before closing at 1.4138. Looking ahead, June German PPI is forecast at 0.5% vs. 0.0% previously.

The Japanese Yen (JPY) kept to a tight range falling back below 94 Yen before surging with the US housing data as the crosses shot higher. Upside is currently been capped by technical resistance between 94.50 and 95 and a break above would be required to counter the medium term downtrend. AUD/JPY finished well supported above the Key 75 level and is a good barometer of the market’s risk appetite. Overall the USDJPY traded with a low of 93.49 and a high of 94.37 before closing the day around 94.25 in the New York session. Japanese Markets Closed today.

The Sterling (GBP) profit taking turned into a downside test at support at 1.6280 was briefly broken on both the IMF UK report offering a bleak outlook and crosses led by the EUR/GBP breaking to the topside. The market turned sharply on the US housing data though to further complicate an already choppy technical outlook. Overall the GBP/USD traded with a low of 1.6365 and a high of 1.6444 before closing the day at 1.6390 in the New York session.

The Australian Dollar (AUD) consolidated inside the range seen on Thursday with the market pivoting the 0.8000 level waiting for fresh direction. The US data provided an upside bias but the market was in no mood to test resistance above 0.8050 as the week came to a close and US stock markets struggled to sustain small gains. Overall the AUD/USD traded with a low of 0.7970 and a high of 0.8042 before closing the US session at 0.8032.

Gold (XAU) continued to consolidated recent gains trading in a tight range to finish roughly unchanged. Overall trading with a low of USD$932 and high of USD$940 before ending the New York session at USD$938 an ounce.

TECHNICAL COMMENTARY

Euro – 1.4130

Initial support at 1.3833 (Jul 8 low) followed by 1.3749 (Jun 16 low). Initial resistance is now located at 1.4201 (July 1 high) followed by 1.4267 (Jun 5 high)

Yen – 94.20

Initial support is located at 92.72 (Jul 14 low) followed by 91.74 (July 13 low). Initial resistance is now at 94.89 (Jul 8 high) followed by 95.46 (Jul 7 high).

Pound – 1.6350

Initial support at 1.6222 (July 14) followed by 1.5985 (Jun 8 low). Initial resistance is now at 1.6546 (Jul 1 high) followed by 1.6745 (June 30 high).

Australian Dollar – 0.8030

Initial support at 0.7814 (July 14 low) followed by the 0.7703 (July 13 low). Initial resistance is now at 0.8155 (June 30 high) followed by 0.8237 (Jun 11 high).

Gold – 938

Initial support at 918 (Jul 8 low) followed by 905 (July 8 low). Initial resistance is now at 948 (June 26 high) followed by 965 (Jun 10 high).

Forex trading involves substantial risk of loss, and may not be suitable for everyone.

Click here to visit Easy-Forex.com

Technorati Tags: advanced forex signal systems, advanced signal system, forex trading information, forex trading system, specific entry and exit strategies

General advanced forex signal systems, advanced signal system, forex trading information, forex trading system, specific entry and exit strategies

What is the Right Forex Day Trading Strategy for Me?

Before one start trading in the forex market, It is advisable that one formulate a forex day trading strategy. This is important because the forex market is ever-changing daily. You will need different strategy for different markets scenario.

Before one can decide what the right forex day trading strategy is, it is advisable that you as the trader consult closely with your broker.Both have to discuss the optimum strategy for any particular situation.

Many different forex day trading strategies exists . According to the specific needs and desire of an investor, maximum profits can only be derived with the right strategy.Your ultimate goal is will be the deciding factor of your trading strategy.

You have to calculate and weigh the risks load that you are willing to take under the different market situations. Once you have decided the extent of risks that you will undertake, only then can the right forex day trading strategy be formulated.

By using your Forex day trading strategy, you position yourself to make the best choices with the market availability that is presented at any given time. These strategies all are dependent upon market action, price and other factors such as economy and inflation. This will dictate what you do and don’t in regards to your trading.

To formulate a proper forex day trading strategy, you need to study and analyze all the relevant information. The decision regarding buying and selling positions as well as holding positions will depend on market conditions. It is the strategy that you adopt, that will back you can how to react so that you can take advantage of the market changes, at any point in time.

Your Forex day trading strategy may change several times in a day, if not more often depending upon the market and what currency you are trading in. By taking note of and acting on the information you will be able to make that strategy work for you.

By ensuring that you can adopt the right strategy for the right situation, you will be more likely to make profitable gains whether the large or small.Strategic planning helps you to calculate and minimize risks over time. This will result in a positive gain for your investment over a period of time. Losing money is common when you first start to trade. Honestly, I’ve lost $13,983 during my first 2 months of Forex Trading. I felt like a complete failure… and I would be if I’ve given up then. As the saying goes, "It is on our failures that we base a new and different and better success."

I researched and read heavily after my dramatic ‘failure’ and found several systems and softwares that work for me. You can find those specific systems at Forex Trading Systems Insider. I recommend you take a look at these Forex Trading Softwares and see what actually works for me!                     

        Forex Automatic Robot Trading…

 Fap Turbo Trading Robot

In live trading, FAP Turbo has actually made at least DOUBLE that. The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

What is Day Trading?

Day Trading is nothing but simple purchase and sale of equities or as we know stocks throughout a given day. Day traders square of everything at the end of the day and start fresh again the next trading day.

  Learn To Trade, Day Trading

Learning to read forex quotes can be a challenge. They present different information than the standard common stock quotes with which most folks are familiar.

FOREX TRADING: Day Forex Signal

Thousands of you are now making hundreds of dollars a day in Forex, myself included. …. Forex Currency Trading Strategy, Forex New Strategy Trading, Forex Learning Trading, Forex Grid Trading, Currency Signals.

day trading robot forex and penny stocks 

  Day trading robot shows you how to make 00 a day online. This robot has an 80% win rate and was dveloped by the. 

Forex Trading Millionaires

The pro traders are not interested in being clever or using overtly complicated systems either; they see Forex trading for what it is a high stakes game where you have to trade the odds and forget perfection. 

Technorati Tags: advanced forex signal systems, advanced signal system, Forex Trading, Forex Trading articles, Forex Trading blog, Forex Trading bloggers, forex trading information, forex trading system, specific ent

General advanced forex signal systems, advanced signal system, Forex Trading, Forex Trading articles, Forex Trading blog, Forex Trading bloggers, forex trading information, forex trading system, specific ent

Forex Market vs. Stock Market

There are many ways an investor can make a profit in the market today. There is the stock market and the Forex market. These two markets are very different and they each have their advantages and disadvantages.

The Forex Market:

Trading national currencies in a market is known as FOREX. The Forex market is a place for individuals, businesses, financial institutions, the public sector and nations to make a profit off the varying currency prices. This is done through judging which currencies rise and fall against other currencies. These currencies are traded in pairs. This generally means that every currency will pair against every other currency and have a price. For example if you are trading between sterling pounds and US dollars and both currencies fall 10%, you are in the same spot as you were before. You wouldn’t make a loss if you used either currency to buy the other because their ratio will be similar. For more information do a search on 

The Forex Market however is not as complicated as the stock market. Although, a greater deal of knowledge is required as you don’t study companies, but rather you study nations. The Forex Market is an over-the-counter market. This means it a global market with no centralized trading area. The Forex Market will be available to anyone twenty-four hours a day, five days a week.

Since the Forex market is not widely publicized, not much information is readily available. Thus, not many people will fully understand it. As well as that, since the profit margins are extremely small, many people will not think entering the forex market is worth the risk.

When two currencies are traded it is known as a currency. This is how the currencies are trade in the Forex market. There will always be a set of currencies that are more popular to trade with. These are high volume currencies and it is unnecessary to study all the currencies as each requires a great deal of study. The main idea behind successfully trading in the Foreign Exchange Market is to create a strategy that works for the investor.

The Stock Market:

The stock market is one of the more traditional ways to create a profit from an investment. The stock market can produce double digit profits compared to the return from bonds, but it is not the easiest market to take part in. Trying to achieve 20% to 30% gains in short periods of time creates a lot of risk as well as uncertainty. The investor would have to perform vast amounts of research, which would still not be a guarantee. This is because it is never known when a company would decide to fold or go bankrupt.

One of the main advantages of the stock market is that a person with little knowledge about it can still make a profit. For example, knowing that blue chip stocks don’t loose value, would allow the person to invest in it and still create a profit. Another added advantage of the stock market is that it is good for long term investing. Investment trusts and unit trusts are the most popular long term investments.

The differences between the stock market and forex market are significant. The advantages and disadvantage of the stock market and the forex market have been explained. Choosing which one to participate in is up to the trader. It depends on their wants and needs, and the amount of time they wish to invest into trading.

Arkaitz Arteaga MarketStock.net

For maore information search for
"currency exchange forex trading tradingguideonline"

  Online Currency Trading

I have searched all over the internet for the absolute best offer. So far the best I found was at http://moveto.ws/tpc0rg3pb Anyone know of a better.  

Easy Forex Investments: 

The best deal for Forex automoney? | Online Currency Trading Course. best forex signals best forex trading best forex trading software broker forex trading canadian dollar forex canadian exchange rate canadian money canadian to exchange 

  The best deal for Forex automoney 

China denies usa allegations that china is cheating on currency front.what do u think? … Welcome to Online Currency Trading Course. In here you can learn Forex Tips and Tricks with lastest news. 

  Online Forex Trading For Beginners

A beginner in forex currency trading must do some research and learn all the basics before actually playing with real money. It´s very important to understand.

The Funny Sort Of Traders In Forex 

Compared with other industries that require some years of expertise, traders only have to learn some basic points about foreign currency trading, online for that matter.

Technorati Tags: advanced forex signal systems, advanced signal system, automatic, currency exchange forex trading tradingguideonline, day, Forex, forex trading system, futures, market, robot, stock, stocks, trading

General advanced forex signal systems, advanced signal system, automatic, currency exchange forex trading tradingguideonline, day, Forex, forex trading system, futures, market, robot, stock, stocks, trading