Forex broker review and best forex broker recommendation

For most people who have daily jobs, it is difficult to trade forex in office time. Thanks for the smart phones, we can trade with phones. I am using iPhone, I can only find two companies who has forex apllication for iphone traders. I don't choose oanda, because I had bad time when I fund my acount the first time. It took forever and nobody follow up with my complains. Also its small leverage and crazy pips spead during news time is nightmare for traders.

The other one is quite good and provide tight pips spread and a lot of services. My friends strongly recommend me use it and until now I am quite happy! It is your choice for this best iphone forex broker! They are pleased to offer you a choice of 3 different spread options: ECN Premier, Variable and Fixed spreads. You can choose the one suits your need.

Tuesday, August 9, 2011

Action Insight Daily Report 8-9-11

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Euro and Sterling Trade Lower on Massive Risk Aversion as Global Equities Selloff Intensifies

The single currency and sterling both dropped on risk aversion, USD/JPY also fell as stock markets as Asian stock markets followed the selloff in European and U.S. equity markets and tumbled, most European indices slipped over 3% (STOXX 50 and FTSE 100) with German DAX dived over 5%, then U.S. major indices were also sharply lower, DJI (-5.55%, biggest selloff since December 2008), S&P 500 (-6.66%) and NASDAQ (-6.9%).

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

AUD/USD Daily Outlook

Daily Pivots: (S1) 1.0093; (P) 1.0272; (R1) 1.0363; More

AUD/USD dives to as low as 0.9926 but drew some support from mentioned 38.2% retracement of 0.8066 to 1.1079 at 0.9928 and recovers. Intraday bias is turned neutral for the moment and some sideway trading might be seen. But near term outlook will remain bearish as long as 1.0526 resistance holds and another fall could still be seen. Decline from 1.1079 is treated as a correction in the long term up trend. Below 0.9926 will target channel support (now at 0.9652). Though, break of 1.0526 will indicate short term bottoming and will flip bias back to the upside for retesting 1.1079 high.

Read more...

Forex Brokers
Advanced Currency Markets GFT FXCM
Special Reports

Fed To Revisit Easing Options Amid Rising Likelihood Of Recession

While Friday's employment report may reduce the urgency of a new round of Fed's easing, deteriorating economic outlook and actions form other central banks suggest that the central bank will deliver a much less optimistic policy statement and move towards additional stimulus measures. There are several options the Fed can take to stimulate growth: changing the language in the statement, shifting the composition of the balance sheet to longer maturity, lowering interest rates paid on excess reserve, formalizing an inflation target, indicating explicit interest rate ceilings for longer-term Treasury debts (with an ingredient of asset buying) and outright bond purchases (i.e. QE3). Policymakers are unlikely to extend QE3 until more evidence on a sustainable slowdown is present and inflation and inflation expectations moderated signaficantly. We expect the Fed will at most take the first option at the August meeting. Despite small impact on the outlook, it might help lift sentiment and lead to anticipation of further easing in coming months.

Read more...

Economic Indicators Update

The Futures and Forex Expo Las Vegas, June 15-18, 2011 at Caesars Palace. Register now and prepare for three days that will get you on track for a profitable future! Register FREE today!

Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011

World MoneyShow Toronto, September 8-10, 2011, at The Metro Toronto Convention Center. Your one-stop resource for the most comprehensive education, efficient research, and valuable advice. Register Free Today!

World MoneyShow Vancouver, September 19-21, 2011, at The Vancouver Convention Center. Be there as recommendations and advice are revealed for how to best position your portfolio for profit - in 2011 and beyond. Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
23:01 GBP BRC Sales Like-For-Like Y/Y Jul 0.60% -0.50% -0.60%
23:01 GBP RICS House Price Balance Jul -22.00% -28.00% -27.00%
1:30 AUD Home Loans Jun 0.00% 0.80% 4.40%
1:30 AUD NAB Business Confidence Jul 2 0
2:00 CNY CPI Y/Y Jul 6.50% 6.40% 6.40%
1:30 CNY PPI Y/Y Jul 7.50% 7.50% 7.10%
5:00 JPY Consumer Confidence Household Jul 37 37 35.3
5:45 CHF SECO Consumer Confidence Jul -17 -5 -1
6:00 EUR German Trade Balance (EUR) Jun 11.5B 12.8B 12.8B 12.9B
6:00 JPY Machine Tool Orders Y/Y Jul P 34.60% 53.50%
8:30 GBP Industrial Production M/M Jun 0.40% 0.90%
8:30 GBP Industrial Production Y/Y Jun 0.20% -0.80%
8:30 GBP Manufacturing Production M/M Jun 0.20% 1.80%
8:30 GBP Manufacturing Production Y/Y Jun 2.80% 2.80%
8:30 GBP Visible Trade Balance (GBP) Jun -8.2B -8.5B
12:15 CAD Housing Starts Jul 195.0K 197.4K
12:30 USD Unit Labor Costs Q2 P 2 4% 0.70%
12:30 USD Non-Farm Productivity Q2 P -0.50% 1.80%
14:00 GBP NIESR GDP Estimate Jul 0.10%
18:15 USD FOMC Rate Decision 0.25% 0.25%
Forex Trade Ideas

Trade Idea: EUR/USD – Buy at 1.4195

Although the single currency fell to as low as 1.4130, as the single currency has rebounded after forming two small hammers candlestick patterns on the hourly chart, suggesting consolidation above this level would be seen with upside bias for recovery to 1.4300 and possibly towards 1.4350, however, as broad outlook is still consolidative, upside should be limited to 1.4400 and reckon resistance area at 1.4432-54 would hold from here.

Read more...

Trade Idea: USD/JPY – Hold long entered at 77.05

Although the greenback slipped to 77.05 this morning, as price has rebounded from there, suggesting as long as this level holds, mild upside bias remains for test of intra-day resistance at 77.86, break there would suggest low is possibly formed but break of previous support at 78.30 is needed to add credence to this view and bring test of the Ichimoku cloud (now at 78.47-62), however, only above there would retain bullishness for a stronger rebound later.

Read more...

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

Fundamental Highlights

Technical Highlights


Forward this report to a friend!

This email was sent to banzou.forex@blogger.com by contact@actionforex.com |  

Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

No comments:

Post a Comment