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.

Wednesday, August 10, 2011

Action Insight Mid-Day Report 8-10-11

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Euro Slides on Rumor of Possible French Downgrade after Weak French Data

The Japanese yen continued to rise versus most counterparts including aussie and greenback on renewed risk aversions with Dow futures once dropped 200 points ahead of New York opening. USD/JPY is currently less than 20 points from historical low of 76.25 formed in March after the 9.0 earthquake and tsunami in Japan, the pair has remained under pressure since beginning of the week and Fed's pledge to keep rates near zero for 2 year also put pressure on the greenback as investors interpreted this policy as a sign of slower growth in U.S.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.53; (P) 110.15; (R1) 111.22; More

EUR/JPY's break of 108.70 confirms resumption of whole fall from 123.31. Intraday bias remains on the downside and further decline should be seen to 105.42/106.28 support zone first. On the upside, above 111.23 minor resistance will turn bias neutral and bring consolidations. But we'll stay bearish as long as 114.17 resistance holds and expect deeper fall in near term.

Read more...

Forex Brokers
Advanced Currency Markets GFT FXCM
Special Reports

BoE Trimmed Growth and Inflation Forecasts

The BOE lowered its economic forecasts amid global economic turmoil. In the latest quarterly inflation report, policymakers stated that the biggest risk came from sovereign crisis in the Eurozone. Risks to growth are skewed to the downside as slowdown in growth may turn out to be more persistent than previously expected. The BOE retained the view that inflation will return to a little below target in the medium-term. The BOE left the Bank rate unchanged at 0.5% and the asset purchase program at 200B pound at the meeting last week. Yet, it reiterated the flexibility to add or remove stimulus measures when conditions warrant.

Read more...

Fed Keeps Interest Rates Low Until 2013, Maintains Reinvestment Policy

The Fed delivered a much more dovish policy statement in August as the path of recovery has been 'considerably slower than expected'. As a prelude to additional easing, the central bank pledged for the first time that interest rates will stay at exceptionally low levels at least until mid-2013 and reinvestment of maturing proceeds will be maintained. Wall Street rebounded after the report as investors looked forward for additional stimulus in coming meetings.

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
23:50 JPY BOJ Minutes
23:50 JPY Tertiary Industry Index M/M Jun 1.90% 1.10% 0.90% 0.80%
23:50 JPY Domestic CPI Y/Y Jul 2.90% 2.60% 2.50%
00:30 AUD Westpac Consumer Confidence M/M Aug -3.50% -8.30%
02:00 CNY Trade Balance (USD) Jul $31.50B $27.40B $22.27B
06:00 EUR German CPI M/M Jul F 0.40% 0.40% 0.40%
06:00 EUR German CPI Y/Y Jul F 2.40% 2.40% 2.40%
09:30 GBP BoE Inflation Report
14:00 USD Wholesale Inventories Jun 0.60% 1.00% 1.80%
14:30 USD Crude Oil Inventories -5.2M 1.7M 1.0M
18:00 USD Monthly Budget Statement Jul -140.3B -43.1B
Forex Trade Ideas

Trade Idea Update: USD/CHF – Sell at 0.7330

Despite intra-day rebound to 0.7332, the subsequent retreat suggest further consolidation would be seen but still reckon upside would b limited to 0.7330-32 (50% Fibonacci retracement of 0.7592-0.7068 and intra-day resistance) and bring another retreat. A break of intra-day support at 07182 would suggest top is possibly formed and bring weakness to 0.7150, then towards 0.7100 but said support at 0.7068 should remain intact.

Read more...

Trade Idea: AUD/USD – Buy at 1.0200

The Australian dollar found renewed buying interest around 1.0060/65 and rallied yesterday to as high as 1.0415 this morning, adding credence to our view that the fall from 1.1081 has formed a low at 0.9927 yesterday and consolidation with upside bias remains for retracement of the aforesaid fall. A break of said resistance would bring a stronger rebound to 1.0455 and then towards 1.0504

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