Oct 24 2008 FXDD Video Report - www.fxdd.com

Forex Trading: USDCHF moves lower on flight into the Swiss Franc

The Swiss Franc has traditionally been a safe haven currency. The turmoil has led to a sharp decline into the Swiss Franc today. The pair has moved sharply lower in London trade, breaking through the 100 hour moving average at 1.1578, but stopping short of the 200 hour moving average at 1.1467. These two levels will be the levels watched by the market today. A break lower belwo 1.1467 should solicit additional selling. While a break above the 1.1578 should attract buying.

Forex Trading: EURUSD has moved back up to the floor from yesterday

The EURUSD has moved back to the floor from yesterday at the 1.2728 level. The markets continue to trade in a volatile range. Expect resistance. A break is a positive but watching the stocks as we head into the London/Europe close in the current hour of trading

Forex Trading: GBPUSD plunges through 50% retracement of move up from 1985 low

The GBPUSD plunged overnight on the back of the weaker than expected GDP (biggest decline since the 3rd quarter of 1990). The pair moved to the midpoint of the move up from the 1985 low of 1.0463 to the high set in November 2007 at 2.1160. The level comes in at 1.5811.

The pair intiial moved down to this key level, bounced but eventually gave way - plunging to a low of 1.5265. Expect sellers against the 1.5811 level. Today will be volatile so even though we are currently trading at 1.5650 area, a move toward this level is not out of the question.

Forex Trading: GBPUSD and EURUSD Consolidate near key levels

The EURUSD and the GBPUSD have been under pressure the entire week as the feeling perists that what is bad for the US is worse for Eurozone and UK. The reasons citied are that the exposure to the emerging economies will effect those economies more. In addition, the thought is both are behind the curve with regard to stimulus to their ailing economies.

As per previous posts, the EURUSD had stalled at the 1.2730 level which was the floor over the last few days. A break higher is needed to help the pair. A break above would target the 100 hour moving average at the 1.2956 level (blue line). The currency trend is down however.

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Forex News: Deflationary trend continues

The deflationary transition continues on the back of the deleveraging of the global imbalances. Oil is down over $4.00 despite the cut in production of 1.5 million barrels. Copper is down over 4.00 cents, or 6%. Gold is down $20 dollars despite the turmoil. This suggests to me that deflation is more powerful than turmoil. Dow Futures are down limit. US bond yields are down sharply. 3 month T-bill rates are down to 0.86%.

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FXDD Today: A recap of today and preview of the Economic Releases for Monday

FXDD Today combines end of day prices, a graphical preview of the economic releases for the next trading day, and a Market Recap of the current days key activities in a concise one page format. It is designed to be used through the trading day and also as a historical record for review. We hope you find it to be useful and helps you become more informed, so you can be a better trader.

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How to succeed as a newbie FOREX investor.
Many times there is a great deal of beliefs about how to crack into the FOREX markets. Not all information is legit as information is often skewed in the direction of pushing a product or company. Bad tips can hurt you and free recommendations is often just as valuable then what you paid for it — worthless. Therefore that being the case, here are ten success tips for the green FOREX investor. 1. Before actually investing any real funds, start by paper trading. Paper trading is no risk training, just write down the trade you would have invested for real and track the prices. 2. Don’t trade with money you can’t afford to take a loss with. There are some companies that permit you to get started trading for just several bucks or the price of a movie. 3. Forex graphs are one of the most significant things you should learn in order to successfully trade in the FOREX market. Not having this understanding, you are destined to fail in this very liquid market. 4. Learn persistence to trade through the losing sessions. You need endurance to make the big gains. 5. Do not get emotional - emotional traders are tempted to chase bad cash after good, and subject themselves to even greater losses. Greed frequently compels the emotional trader to try to recover every lost nickel. 6. Stay on top of the business news. You can experience the same practice market actions and go through the same process of making decisions based on new information, react to charting patterns, and tracking your performance the same way skilled FOREX traders do. 7. The trend is your friend. Often momentum falls off but the usual trend remains the same therefore the trade still succeeds, it only takes its own time, and the retracements might be big. 8. Stay focused. The accurate questions that we should ask ourselves are why trade and what do we want out of it? 9. Know when to exit out. Adhere to the rules of cutting your losses low and allowing your profits run, because you’re cutting your losses short, those trades are going to last for a smaller amount of time. Learn from your mistakes and regain your spot in the next trade. 10. Create many streams of income. Trading FOREX is just one great wealth creating idea. Other traders earn more income by working part time as a FOREX affiliate earning commissions. Do not delay in getting started learning about Foreign Currency Exchange. It is through education that an investor can become a winning trader.

Don Tracer is knowledgeable in FOREX. Mr. Tracer invites you to visit his website for more data relating to Foreign Currency Exchange.

FXDD: A word about Turbulent Markets from FXDD

In addition, the credit markets have witnessed an upheaval of unprecedented proportion. This disruption in the credit markets has affected everyone, including the largest financial institutions. It has also created a liquidity crunch in the overnight rates that banks use to fund their foreign exchange positions. As a result of this uncertainty, the volatility in short term rates and a desire by banks to hoard cash, the swap rates used to calculate rollovers in the interbank market have become much wider.