Lines of trends, support and resistance Posted By : Tomas Anderson
A trendline is a main initial element for the price chart analysis. While the market moves in any direction not along a straight line but along a zigzag, the mutual placement of upper and bottom points of those zigzags permits to plot a line connecting the significant highs (peaks) or the significant lows (troughs) of an appropriate zigzag using technical tools of the computer program.

Forex - What is it? Posted By : Tomas Anderson
The international currency market Forex is a special kind of the world financial market. Traders purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration.

US Dollar rally. If you can’t sell the dollar, buy it. The Forex Summary and Preview for next week

FOR A PRINTABLE PDF COPY OF THIS REPORT GO TO THE BOTTOM AND CLICK ON THE LINK

There were many times this week, where it seemed like there was an opportunity to sell the dollar. Tops were made. Key technical levels were looming. Hurricane Gustav came and went and two others headed for US soil behind it. Statistics like 19 of 23 days the GBPUSD was down Surely a decline in the dollar was on the horizon? Surely, a weak employment report would cause a sell off on Friday?

However, after each day the string of dollar strength continued. The winning streak for the USD against the GBP now stands at 22 of 26 days and 9 days in a row. If only the NY Yankees could put together a winning streak of this magnitude.

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Forex and forex trading Posted By : acmarkets
Forex trading denotes exchanging of one currency for another. Such a trading is marked with possibilities and potentialities. However before landing in forex market, a trader should learn the basics of the market.

Unemployment rate soars to 6.1% from 5.7%

NFP falls by 84,000 revision to -60,000 from -51,000

Manufacturing down 61,000 First time unemployment rate has risen for 8 months in a row since 2002.

I am not surprised given the initial claims data (see earlier report).

Bobby’s Corner Market Open 9.5.2008

Good Morning:

The Greenback continued its rally ahead of this morning s report on the US employment situation.

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Forex Trading: Watch the 1.4337 level in the EURUSD

1.4347 was the 38.2% retracement level of the move higher from November 2005 to the high in July 2008. Tested then broke this level yesterday…and moved sharply lower. Markets are volatile as they digest not only the domestic but the global implications of the report.

This is the inflation spike kicking in to the unemployment rate as businesses finally cut employment to be more efficient in the face of a 2nd half slowdown.

A Guide For Newbies To Forex Trading Posted By : John Philips..
The forex markets principal function is to sustain the trading of various global currencies. Although most currencies are exchanged, albeit on a humbler scale, the bulk of trades affect only a small list of currencies, including the U.S. Dollar, Yen, Euro, Swiss Franc, Pound Sterling, Australian Dollar, and Canadian Dollar. The majority of trades on the forex market concern the U.S. Dollar with over 90% of all exchanges.