http://www.mataf.net/forums/forex Fri, 20 Nov 2009 23:06:03 +0100 1 http://www.mataf.net/forums/Gbp-Prediction-t11109.html
It is important for traders to know that the British economy is dominated by the banking and Oil industries. However, the recent tumble in Oil giant BP’s profits has helped the price of Oil slide in Tuesday’s trading to $66.70 a barrel. There seems to be a pattern with negative U.S. economic news, pessimistic British economic news, and tumbling Oil prices. If we see a combination of more of this behavior this week, then the forecast for the Pound will remain bleak. However, never write off the GBP, as it always has the ability to beat market expectations.

If you want to start trading forex now, why not open an account with ForexYard. Your trading will be made easier as I continue to uncover the British currency’s trends and fluctuations throughout the trading week. You can follow this by going to my blog page. In the next month, I will publish a number of relevant articles, predominantly on the GBP, in order for you to understand the bigger picture of the forex market, and make your trading easier. In the meantime, I recommend that you open your Pound positions en-masse, as this week’s forex trading kicks off.


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FOREXYARD. Your guide to forex trading success.]]> forexyard Wed, 29 Jul 2009 10:31:41 +0200 Wed, 29 Jul 2009 10:31:41 +0200 http://www.mataf.net/forums/Gbp-Prediction-t11109.html http://www.mataf.net/forums/Crude-Oil-Spike-Making-t11057.html
Watch now the latest Crude Oil news at Forexyard Blog



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FOREXYARD. Your guide to forex trading success.]]> forexyard Fri, 24 Jul 2009 10:16:09 +0200 Fri, 24 Jul 2009 10:16:09 +0200 http://www.mataf.net/forums/Crude-Oil-Spike-Making-t11057.html http://www.mataf.net/forums/Daily-Forex-Overview-Be-t11024.html
The strongest instrument for today is the USD and Gold. The USD continues to show bullish activity against the GBP.

Gold experience another day of appreciation as it is currently traded around $946.70. If the U.S. publishes positive economic news, then Gold prices are set to continue their bullish run into the rest of the week. As for today the economic figures coming out of the U.S. and Europe are likely to impact the volatility of Gold prices.

9:00 GMT: EUR – Industrial New Orders
· It measures the change in the total value of new purchase orders placed with manufacturers.

· The release of this indicator typically creates volatile trading

· Better-than-expected results may help the EUR recover some of yesterday’s losses against some of its crosses such as the USD and JPY.

· If the results turn out to be lower than forecast, the EUR may record a fairly bearish session in today’s trading.

14:00 GMT: USD – Fed Chairman Bernanke Testifies
· Due to present his semi-annual monetary policy report to the Senate Banking Committee in D.C.

· This testimony is important as it is likely to generate high Dollar volatility.

· Traders are advised to watch closely, as this is likely to set the pace of the Dollar going into the end of the week’s trading.


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FOREXYARD. Your guide to forex trading success.]]> forexyard Wed, 22 Jul 2009 10:43:57 +0200 Wed, 22 Jul 2009 10:43:57 +0200 http://www.mataf.net/forums/Daily-Forex-Overview-Be-t11024.html http://www.mataf.net/forums/Daily-Forex-Overview-Us-t10961.html
The strongest instrument for today is the USD and Gold. The USD continues to show bullish activity against the JPY and CHF.

Gold experienced another day of appreciation as it is currently traded around $925.70. If the U.S. publishes positive economic news, then Gold prices are set to continue their bullish run into the rest of the week.

12:30 GMT: U.S. Core CPI

· The Consumer Price Index is a leading indication of inflation, measuring the price increase/decrease that US consumers pay.

· This figure is forecasted to make a slight improvement from the previous reading, meaning prices are growing.

· A slight increase in prices represents a slight increase in market growth, which is positive for the economy.

· After this release, it might create volatility in the market.

· Very positive results will push the USD further up as it signals that demand for US goods has increased.

18:00 GMT: FOMC Meeting Minutes

· The US Federal Open Market Committee (FOMC) meets to discuss monetary policy decisions, such as interest rates.

· This meeting is very important as its decisions directly impact the value of the USD.

· Traders are advised to watch closely, as the release of these minutes may carry indications for future monetary policy decisions.

· Traders should pay close attention to the market as there is an opportunity to capitalize on the fluctuations which are likely to follow this release

Gold Tips:

· Gold’s recent upward movement has pushed its technical indicators into showing that a downward move is on the way

· On the other hand, long-term indicators, such as those on the daily chart, show that there remains a strong level of support to Gold prices

· Most indications today are for a sharp volatile jump, likely to happen around the opening of the US market at 13:00 GMT, or even sooner.

· An upward jump will have a target price of $940; a downward drop will have a target price of $890.




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FOREXYARD. Your guide to forex trading success.]]> forexyard Wed, 15 Jul 2009 11:57:39 +0200 Wed, 15 Jul 2009 11:57:39 +0200 http://www.mataf.net/forums/Daily-Forex-Overview-Us-t10961.html http://www.mataf.net/forums/Retail-Sales-Report-Tap-t10946.html
The general consumer environment remains challenging, with personal consumption no longer in freefall as it was at the end of 2008, but it’s not booming either, analysts have said. Although the worst may be over for U.S. consumers, personal consumption is expected to remain essentially flat even as government stimulus boosts personal income.

Forex traders are advised to take a closer look at the Retail Sales report. A data that comes in line with expectations or higher will likely boost the greenback immediately after its release. On the other hand, a weaker number will signal that U.S consumer spending is under strain indicating that people are less willing to spend money, thus throwing the Dollar back to the bears.


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FOREXYARD. Your guide to forex trading success.]]> forexyard Tue, 14 Jul 2009 12:09:29 +0200 Tue, 14 Jul 2009 12:09:29 +0200 http://www.mataf.net/forums/Retail-Sales-Report-Tap-t10946.html