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Showing results for tags 'forex analysis'.
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Introduce Yourself Here - Don't Be Shy!!
trading4life posted a topic in Beginners ForumHello, My name is trading4life. I just joined this forum.
Forex Analysis Definition
Igor posted a topic in Trading DictionaryTypically, Forex Analysis is either Technical or Fundamental in nature. Technical Analysts use chart behavior to forecast price activity while Fundamental Analysts tend to watch economic reports and news events in order to determine trade direction.
Dharmik Team posted a topic in General DiscussionWhat are Fibonacci levels? In this article we will discuss about a widespread, well-known key element of technical analysis. Why do you think technical analysis especially some elements work so well for financial markets? Why do you think Fibonacci levels are usually strictly followed? Because thousands and billions of traders and computer programs for trading use these elements. This way everybody acts the same at the same time… This is why we decided to present in the category of technical analysis, the most used and well-known methods of predicting financial evolution. These methods are easy to understand and are very efficient. We will discuss about Fibonacci levels. We will find out what Fibonacci levels are and how they are calculated. We will use them in our charts and we will see how they act. We will discover how useful Fibonacci levels are and, at the end, we will draw the conclusions. We will use Fibonacci levels daily in our analyzing and trading system. Read full article at http://bit.ly/fsL82U
How to Learn Forex Fundamental Analysis?
Maxcy posted a topic in Beginners ForumIs there any reference which can let me know much about forex analysis, well I know, it need a quite much personal experience, needs to be much focused on global events which effects the forex market.. These are the generalised saying which many suggest to follow it up, I need something good reference where I can focus and learn much better.
EUR/USD Would Drop on Risk Aversion
Forexikon posted a topic in General TradingThe forex rate of US dollar against non-US currencies went up as US dollar index rose and Euro weakened on debt crisis. It was predicted that Euro would continue to drop this week. The analyst pointed out that social situation in Egypt had not been stable completely. At the same time, the economy in Egypt would have huge uncertainty after its politics was stable. Then USD rose on risk aversion. Great Britain pound went down after PPI was issued. The analyst predicted that GBP would continue to drop as British government took fiscal austerity and its economic growth was uncertainty. Bank of England predicted that GBP/USD would increase to 1.5300 in one month, and GBP/USD might rise to 1.4700 in three months.
USD versus Japanese yen trade near to 82.25 yen yesterday(Jan.9,2011). US dollar index went down to the intraday low of 77.63. Bernanke, president of Federal Reserve, said that US unemployment rate was still high though the non-farm unemployment rate decreased obviously on December. The analysts pointed out that Federal Reserve might keep monetary policy unchanged recently. Great Britain pound against US dollar went down in the forex market as British trade deficit expanded unexpectedly and forex investors increased their expectation for the rising of interest rate by Bank of England. At the same time, European stock market and American stock market declined narrowly. The investors increased their demand for GBP. GBP/USD traded at 1.6091/95 as of 9:44 Beijing time today.
The situation in the Eurozone remains the main driver for the market. The European peripheral countries and their debt problems keep influencing the stock market, causing risk aversion. Tuesday’s trading results turned out to be almost the same as on the previous sessions with the exception that the yen was the only currency to win against the dollar, and the reason for that were probably fears that China would raise its interest rated. As a result, the yen became attractive as a reserve currency, so the greenback managed to win only against the pound and the euro. The US economic data, released on Tuesday, turned out to be rather positive for the dollar too. As for today, the investors are looking forward to the news on employment – Fed’s labor report is being released this Friday. Of importance to the market will also be ADP . ? ?????? ???????? ????? ????? ADP private sector employment data. Growth by 69 thousand is anticipated in November, after the previous +43 thousand in October, which can be considered as a positive factor for the American dollar. News from ISM is also about to come out and manufacturing PMI for November is also there – a decrease from 56.9 to 56.3 is anticipated here. Fed’s Beige Book, which is likely to bring the information on the situation in the regions, is being released right at the end of the weekly trading session. It’s worth noting, that the dollar’s trading slowed down a bit on Tuesday’s session and the investors didn’t eager so much to buy the dollar any more, and this fact suggests to expect a possible large-scale correction. EUR After the situation with Ireland and its problems cleared up a little bit, the market switched its attention to the problems of some other European countries, like Portugal, Spain and Italy, which brought more negative moods to the euro. One leads to another and, like it usually happens, S&P rating agency threatened to put France on the list of countries “at risk”, to crown it all. Messages from the Portuguese central bank, which warned of a possible financial instability fueled the market even more. Today’s economic statistics will bring Germany’s and the Eurozone’s final manufacturing PMI which are likely to remain the same in November 58.9 (for Germany) and 55.5 (for the Euro zone). Germany’s retail sales increased month over month by 2.3% m/m in October after the previous -1.8% m/m and this can be considered positive for the European currency. Nevertheless, the market moods towards the euro are not likely to change significantly in the nearest future. Standard & Poor's is currently considering a possibility to downgrade Portuguese investment credit ratings, and these news will most likely keep negative to the euro. GBP Talks that financial situation in the Euro zone was getting worse put the pound under pressure, so the currency closed the session with a decline against the dollar, but the losses weren’t that big – probably as a result of the news, coming from Ireland – the country has close economic ties with Britain and the fact that the situation with Ireland financial issues had cleared up, supported the sterling. There weren’t any significant statistics from the Islands yesterday, but today the market will surely get some piece of news. Manufacturing PMI for November, coming out today, is likely to decrease from 54.9 to 54.8. Besides that, according to the data, received from Nationwide, Britain’s housing market results leave much to be desired – November index registered -0.3% m/m, 0.4% y/y after the later -0.7% m/m, 1.4% y/y. Still, taking into account technical factors, that suggest a correction in the GBP/USD pair, there is a chance of profit fixation in this instrument. JPY The Japanese currency grew against the dollar on Tuesday’s session as a result of decreased risk appetites because of the US poor employment data which turned out to be 5.1% in October after the previous 5.0% in September. Besides that, the US government bonds are not that high-yielding any more, which made the investors go back to the yen as a funding currency for the carry trade. Fears that China would make some changes to its monetary policy keep influencing the Japanese currency too – recent rumors that Beijing will have to raise its interest rates by 200 basis points through a bomb into the market. Today’s statistics brought data on vehicle sales, which turned out to be rather disturbing – the index dropped to -31.0% y/y in November after the later -26.7% y/y. As for the yen’s positions, taking into account high-yielding currencies highly possible corrections, the yen has all chances to become more attractive as a funding currency and, as a result, decline even further. For More Details visits(Promotional URL removed)
US Dollar Weakened on This Week
Forexikon posted a topic in General TradingThe US dollar index continued to decline to 77 basis points on this week. The forex rate of US dollar against Euro dropped from 1.36 dollars to 1.37 dollars. The rising of Euro was very strong, which reached to the two-month record high level. The forex price of US dollar against Japanese yen was in the consolidation range of 82 yen. USD versus Great Britain pound traded near to 1.59 dollars, which was very stable. USD/CHF traded at 0.94; USD/CAD was 0.99 dollars. AUD/USD might go up in the forex marke. The forex rate of USD versus New Zealand dollar traded at 0.76 dollars in the forex market.