Low Confidence in the US Dollar
The Dollar Drops
Forex Traders and Trading Partners of the USA are losing their confidence in the US Dollar. This was expressed in the Forex Market last week. The bearish trend of the US Dollar was intact. The US Dollar continued to be traded at its lowest with the majors and in some cases it was [...]
Watch Your Forex Broker Closely
Forex Brokers Bankrupt
In the financial sector news of Banks and Mortgage Companies that went bankrupt or seeking bankruptcy protection is common during this recession. At the same time and in the same sector Forex Brokers are also facing financial problem. There are Forex Brokers that have folded and others are fighting for survival.
The latest Forex [...]
Brazil and China not using the US Dollar
A No to US Dollar
With the Global Financial Crisis and the recession both starting from the United States, we are looking at the possibility of the loss of confidence in the Financial System of America and the Dollar in particular. It is clearly seen in the case of the possible realization of trading transactions between [...]
Automated Forex Trading will Increase your Profit
Automated Forex Trading
I wanted to write something else for my blog when I stumbled this article by Richard Mo at Article Base. This article titled “Automated Forex Trading Can Eliminate Losses” has recorded 5 views only but I found it interesting and I feel that I should share it with my readers.
However, I have [...]
The Dollar Decline with the Non Farm Payroll for April
The Non Farm Payroll
The April Non Farm Payroll reported a loss of 539k jobs compared revised 699k job loss in March. Forecasts expected a loss of about 600k to 610k jobs.
The Unemployment Rate
But the Unemployment Rate for April was not at all a surprise. As expected the unemployment in the US is still on the [...]
Euro Bounced with Interest Rate Cut
ECB Interest Rate Bounced the Euro
As widely expected, the ECB cut its benchmark lending rate by 25-basis points to 1.0%. However, the interest rate cut announcement was made by ECB President Trichet’s post-decision press conference. This prompted the euro to bounce off its session lows against the dollar and climbed to a one-month high [...]
ECB Interest Rates
Interest Rates
May 6 (Bloomberg) — The euro weakened against the dollar for a second day on speculation the European Central Bank policy makers will lower interest rates tomorrow and consider other measures to stimulate growth.
The ECB will at least announce something unusual. In terms of policy measures, they’ll be discussing the types of measures that [...]
The Invisible Forex Robot with Visible Product Support
Forex Robot
I have been receiving streaming updates from the vendors of Automated Forex Trading Systems. One of the updates seems to be quite impressive and convincing and this prompted me to share the latest updates by the Forex MegaDroid.
In the latest update the vendor stressed their objectives of launching the Automated Forex Trading System. They [...]
Currency Trading and The False GDP of the United States
Currency Trading and The False GDP
Tun Dr Mahathir Mohammad elaborated on the false GDP of the United States in his third installment in a series on the trends that led to the present financial crisis. He specifically pointed out that currency trading is also a culprit in contributing to the false GDP in his posting [...]
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The False GDP of USA
Tun Dr Mahathir bin Mohamad wrote in his Weblog about The Banking System and The Fasle Economy.
This is the second installment in a series on the trends that led to the present financial crisis.
1. Another contributor towards the per capita and GDP of the rich countries is the banking business.
2. Banks are apparently allowed to [...]
Another Forex Scam
Forex Scam
The Forex Peace Army reported another Forex Scam involving two Forex Traders and two Forex Companies under the heading Two Traders, Two Companies, One Big Scam.
The reported case of Forex Scam involved Yokebeto which is part of a trading group from Japan that has been testing out an Expert Advisor.
In Yokebeto’s case, [...]
Aoutomated Forex Trading Systems is Popular
Automated Forex Trading Systems
Automated Forex Trading Systems is getting more popular now. This could be due to:
1. More Affordable
It is more affordable now. Those days an Automated Forex Trading Systems would costs a few thousand dollars. But now, a good Automated Forex Trading Systems is priced much less. It ranges from less than a hundred dollars [...]
USD Unemployment - Non Farm Payrolls
WASHINGTON (AP) — The number of out-of-work Americans continuing to draw unemployment benefits has surged to a 25-year high, while shoppers turned extra frugal, further proof of the damage from sinking economy, credit problems and financial stresses.
The Labor Department reported Thursday that the number of people continuing to draw unemployment benefits jumped by 122,000 to [...]
Allow Banks to Cheat in the Finanacial Crisis
Obama and the Finanacial Crisis
by Tun Dr Mahathir Mohamad
1. When President Obama made a bid for three trillion dollars in order to deal with the financial crisis, I assumed that like the immediate past President and the Head of the Federal Reserve, he was going to use the money to bail out the failed banks [...]
Automated Forex Trading is Simple
Automated Forex Trading or Robot Forex Trading is simple. With Automated Forex Trading System you don’t have to crack your head and you don’t have to:
Learn about Chart Reading
Learn on how to use Technical Indicators
Learn on how to use and read the Expert Advisors
Learn about Money Management
Learn about Fundamental News
Controlling your greed
Subscribe to Forex Signals
Practice [...]
Forex Scams
The Forex Market is still an active market in spite of the Global Financial Crisis and the Recession. As usual, most of the forex traders would discuss among themselves about the poor fundamental news and the impact of those news on the related currency pairs. Busy with daily trading activities some Forex Traders may not [...]
Financial Crisis and Bailouts
Tun Dr Mahathir Mohamad published “Obama and The Financial Crisis” at the CheDet WebLog on the 5th.March 2009.
1. I was in England recently and the newspapers were full of dismal reports on bank and business failures, the closure of well-known businesses like Woolworths and Baratt, the increases of unemployment rate with some 700,000 professionals among [...]
UK Trade Balance
UK Trade Balance
The difference between exports and imports of British goods and services. The Trade Balance is one of the biggest components of the United Kingdom ’s Balance of Payment, thus giving valuable insight into pressures on the value of the Pound.
A positive Balance of Trade figure (surplus) indicates that exports are greater than imports. [...]
Forex Maestro - Automated Forex Trading
Automated Forex Trading is Simple…
One of latest release of Robots in the Forex Trading Systems market is the Forex Maestro.
The first generation was marketed in 2006 and has been consistently improved to meet the demand of the Forex market.
It is improved and made to be more users friendly. Even a new Forex Trader can [...]
Comment on Forex Trading Signal
I received a very lengthy comment comprising of about 368 words in 3 paragraphs. I am publishing it as a posts instead of approving it as a comment as I would to share this “comment” with other readers. By the way, I consider this “comment” is more of an article rather than a comment. The [...]
Forex Trading Signals
The BOE & FOMC Minutes
The focus will be on the pound and the dollar. Today, we have the release of BOE Minutes at 09.30 GMT and then the FOMC Minutes at 19.00 GMT.
Bloomberg reported that
The Office for National Statistics report showed inflation slowed last month less than forecast, prompting speculation the BOE will reduce [...]
Forex Trading Signal
GBPUSD
Long Position at: 1.4750
Stop Loss at: 1.4650
Take Profit at: 1.4800
Short Position at: 1.4780
Stop Loss at: 1.4880
Take Profit at: 1.4720 / 1.4670 / 1.4620
OP, SL & TP at YOUR OWN RISKS
Forex Trading is a very risky trade and if you decide to trade, kindly note that you trade at your own risks. You Open [...]
Unemployment a Bad Fundamental News
AP reported that “Obama, a Democrat who is to be sworn in at noon Tuesday as the 44th U.S. president, inherits a $1 trillion-plus deficit and the worst economy since the Great Depression.” But some other sources reported that the accumulated deficit is more than $ 3 trillion.
The Recession
Obama not only inherits a [...]
GBPUSD:Non Farm Payrolls
Interest Rate Cut
BOE cut its Interest Rate by 0.5% yesterday, the fourth Interest Rate cut since the coordinated emergency Interest Rate Cuts in October and sent the GBPUSD to a high of $1.5370.
Non Farm Payrolls
However, the focus will be on the Non Farm Payrolls report that will be released today. An early U.S. payroll report [...]
Interest Rate Cuts
The Interest Rate Cuts will be used as a weapon in combating the recession and inflation. The Fed in US, the BOE and the ECB will reduce their Interest Rates in facing the Global Financial Crisis.
The Fed lowered its target Interest Rate to between zero and 0.25 % last month and pledged to [...]
Non Farm Payrolls
For the week ending 9th. January, the focus will be on three major Forex News namely the FOMC, BOE Interest rate Decision and the much anticipated Non Farm Payrolls.
FOMC @ 19.00 GMT on Tuesday, 6th. January
BOE Interest rate Decision @12.00 GMT on Thursday, 8th. January
Non Farm Payrolls @13.30 GMT on Friday, 9th. January
FOMC
So far, there [...]
The Countdown to the Global Financial Crisis
This is a summary of events that lead to the current Global Financial Crisis.
January 2008
Starting from the 2nd. day of the New Year US Stock Markets took a Downturn for about three weeks.
The National Association of Realtors announced that drop in New Housing Sales in 2007 was the largest drop in 25 years.
March [...]
GLOBAL FINANCIAL CRISIS
CHALLENGES OF THE ISLAMIC UMMAH IN FACING GLOBAL FINANCIAL CRISIS
Speach by Tun Dr Mahathir Bin Mohamad
at the Institute For Policy And International Studies
Tehran, Iran, at 10.00 am, 30 November 2008
The financial crisis is yet another threat facing the Islamic ummah. Whether we can avoid being dragged down by this crisis or we can minimize the [...]
USD Interest Rate Cut
USD Interest Rate Cut
The NBER revealed that the US economy has been in a recession since December 2007, leading to the collapse of major US stock bourses. The Dow Jones sank by 7.7%, and both the Nasdaq and S&P 500 plunging by nearly 9%. The selling accelerated following comments from both Fed Chairman Bernanke and [...]
Non Farm Payrolls
Non Farm Payrolls
The Non Farm Payrolls is one of the most anticipated reports on the unemployment status of the United States and the economic condition of the country. The Non Farm Payrolls will roll in at 13.30 GMT on Friday, the 5th. December. Other related reports to the Non Farm Payrolls are:
• The Unemployment Rate [...]
GBP Interest Rate
Forex News this Week
For this week the focus will be on the Non Farm Payrolls. However, there are several others Fundamental News that will have a strong impact on GBP and the USD. These are:
• BOE Interest Rate Decision
This BOE Interest Rate Decision will be at 12.00 GMT on Thursday, the 4th. December. This monthly meeting [...]
Euro,Pound,Dollar & Yen
Forex News on the Euro, Pound, Dollar & Yen this week
There are several high impact Fundamental Forex News coming out this week. On Monday, we have the Euro Zone Current Accounts Report. This report which summarizes the flow of goods, services, income and transfer payments in and out of the Euro-zone nations to other [...]
Forex News and Forex Signals
If you are trading on Forex News, you got to be on the lookout for high impact Forex News related to Interest Rate and Inflation. Forex News in the pipeline are :
Minutes of Meeting of BOE and FOMC at 09:00 GMT and 19:00 GMT respectively.
Two other datas Forex News on CPI and [...]
Weak Pound - Short GBPUSD
The Pound is weak coupled with a stronger Dollar GBPUSD is still on a downtrend:
SHORT GBPUSD
SHORT POSITION at: 1.4740
STOP LOSS at: 1.4790
TAKE PROFIT at: 1.4500
OP, TP & SL at your own RISKS
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Technorati : Dollar, Free Forex Signals, GBPUSD, Pound
Yen Raises
Nov. 14 (Bloomberg) — The yen rose, heading for weekly gains against the euro and the dollar, as a drop in U.S. retail sales prompted speculation investors will sell higher-yielding assets and pay back low-cost loans in Japan’s currency.
The dollar was poised for a second weekly gain versus an index of the currencies of six [...]
Free Forex Signals : GBPUSD
FREE FOREX SIGNALS
SHORT GBPUSD
SHORT POSITION at: 1.5440
STOP LOSS at: 1.5490
TAKE PROFIT at: 1.5333
OP, TP & SL at your own RISKS
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Free Forex Signals : GBPUSD
Free Forex Signals
GBPUSD
SHORT Position at 1.5660
STOP LOSS above 1.5710
TAKE PROFIT at 1.5586 / 1.5535 / 1.5464
OP, SL & TP at your Own Risks
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