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.

Sunday, August 9, 2009

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Action Insight Weekly Report

Traders Back to Fundamentals, Has Dollar Bottomed?

After making a new 2009 low against most major currencies last week, dollar struck a strong comeback on the back of upside surprise in employment report in US and closed the week higher. While the employment markets were still weak, the non-farm payroll report did show significant improvements over the last few months, considering that the -247k job loss in July was one-third of that peak of -741k recorded in Jan. Another surprise was the drop in unemployment rate which was down from 9.5% to 9.4%. While the economists are viewing that as a "temporary dip" and unemployment rate is still generally expected to rise towards the end of the year, the expectation has now shift to an earlier and lower peak.

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EUR/USD Weekly Outlook

Despite edging higher to 1.4446, EUR/USD's sharp reversal from there and the break of 1.4206 support serves as an early alert that the pair has topped out. Initial bias will remain on the downside this week for further decline towards 1.4007 support first. Break there will add much credence to the case that that a medium term top is already formed at 1.4446 and turn focus to 1.3747 support for confirmation. On the upside, above 1.4272 minor resistance will turn intraday outlook neutral first.

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