I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

Global Forex and CFD Provider Opens New Office in Athens Greece

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Traders International Releases Online Forex Trading Courses

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Forex: USD/JPY post NFP rally hits 90.45 high

According to Kathy lien, Director of Currency Research at Global Forex Trading, Dollar Yen recovery is expected to continue. “With everyone relieved that … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.

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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

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Forex Trading Using the DeMarker Indicator

Tom DeMarker invented his Forex technical indicator (DI) to help identify new selling and buying opportunities. The DI has many similarities to the … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.

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FOREX-Yen nears 15-year high versus dollar – Yahoo! Singapore News

* Market tests Japan's willingness to intervene

* Dollar/yen on track for fourth monthly gain

* Euro hits record low against Swiss franc

By Wanfeng Zhou

NEW YORK, Aug 31 – The yen on Tuesday neared a 15-year high against the dollar and was headed for its fourth monthly rise as investors shrugged off Japan's latest easing move and bet on yen gains that would again test authorities' readiness to intervene.

Mounting U.S. economic concerns have kept investors away from riskier assets and pushed up the safe-haven yen. Analysts see further gains in the currency, which could eventually prompt Japan to sell yen in the markets to weaken it for the first time in more than six years.

Falling global bond yields also boosted the yen's momentum by encouraging Japanese holders of foreign securities to take profits and return funds into yen.

“The yen is benefiting from very low yields outside Japan,” said Daniel Katzive, currency strategist at Credit Suisse in New York. “Japanese investors need some incentive to take risk in foreign markets and that incentive is very much reduced when yields are at these levels.”

In midday trading, the dollar was down 0.6 percent at 84.11 yen . It had earlier fallen to 83.96, according to Reuters data, not far from its 15-year low of 83.58 set on electronic trading platform EBS last week.

“The yen has a little further to go,” said Katzive. “We think dollar/yen can get down to 82 in the near term.”

The euro fell 0.3 percent to 106.83 yen .

Japanese Finance Minister Yoshihiko Noda repeated on Tuesday that the government would take decisive action on currencies — usually seen as code for intervention — when necessary.

On Monday, the Bank of Japan expanded cheap loans to banks, a move seen as a symbolic gesture that will do little to halt the currency's climb.

“The policy action by the BoJ isn't going to change the market's mood. It would probably take intervention to shake things up a bit,” said Vassili Serebriakov, currency strategist at Wells Fargo in New York. “But we're not even sure that would cause a sustained reversal of yen strength.”

INTERVENTION RISK

The dollar has fallen 2.7 percent against the yen this month and is down more than 9 percent this year.

Traders say Japanese authorities are expected to buy the dollar against the yen if the dollar slides 3-4 yen in one day. For Q+A on whether Japan will intervene to curb the yen's rise, click on [ID:nTOE67U05E]. < ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ PDF on Japan's yen dilemma: http://r.reuters.com/nef47n Insider segment on the yen with RBS Securities Chief Japan Economist Junko Nishioka: http://link.reuters.com/rer38n ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Derek Halpenny, analyst at The Bank of Tokyo-Mitsubishi UFJ, said while “there is a deep reluctance” within the Japanese government to intervene, “the tepid policy steps taken by the Japanese authorities yesterday does shift the risk toward action as yen gains persist.”

A raft of U.S. economic releases this week, highlighted by Friday's nonfarm payrolls report, could push the yen higher, analysts said, if they show further deterioration in the economy and weigh on bond yields.

The dollar/yen rate has had a strong correlation in recent months with the yield gap between the United States and Japan, and a fall in Treasury yields also weighed on the dollar.

The yen could also face potential buyback pressure in cross trades such as euro/yen and Aussie/yen, which have attracted some interest because of their larger yield differentials.

Against the dollar, the euro rose 0.3 percent to $1.2705 , helped in part by strong job numbers from Germany. [ID:nLDE67U0IQ]

The euro slumped to a record low against the safe-haven Swiss franc, removing barriers at 1.2900 on the way. The euro fell as low as 1.2878 francs on EBS. The dollar fell to a seven-month low against the Swiss francs . (Additional reporting by Steven C. Johnson; Editing by Leslie Adler)

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FOREX-Dollar gains versus yen, Swiss franc after Bernanke – Yahoo! Malaysia News

* Uncertainty over Fed stimulus moves boosts dollar

* U.S. GDP data slightly better than expected

* Yen hurt by caution over possible intervention

By Nick Olivari

NEW YORK, Aug 27 – The dollar rose against the yen and the Swiss franc on Friday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed was prepared to provide stimulus to boost a U.S. economic recovery that had slowed more than expected, but did not say how or when.

Analysts said the dollar would remain supported because Bernanke gave no firm commitment the central bank would provide additional easing, which could put downward pressure on interest rates.

The Fed also did not make clear what would prompt such measures, they noted. For details on Bernanke's remarks, see [ID:nN27259859]

“Net-net, all Bernanke said was expected. He didn't change his position and stopped short of committing to another round of quantitative easing,” said Boris Schlossberg, a director of currency research at GFT Forex, in New York. “The major currencies will remain within the trading patterns they had established before his remarks: the yen is weakening and the dollar is somewhat supported against the euro.”

In late afternoon trading in New York, the dollar was up 1.1 percent against the yen at 85.35 yen after climbing as high as 85.49 yen, while the euro see-sawed but last traded up 0.1 percent at $1.2733 .

The dollar hit a session high earlier against the Swiss franc at 1.0300 francs and last traded up 0.6 percent at 1.0295 francs.

The dollar got a lift earlier in the session after the government released its revision for second-quarter U.S. GDP growth, with figures that were slightly better than market expectations. [ID:nN26193565]

The GDP report helped push benchmark Treasury yields higher, boosting the return on U.S.-denominated assets. Government debt prices extended their earlier losses on Bernanke's comments.

The Fed announced plans earlier this month to boost the flagging economy by reinvesting money from maturing mortgage bonds in government debt.

YEN WARY

Meanwhile, a media report that Prime Minister Naoto Kan was to hold a news conference sparked profit-taking in dollar/yen short positions, traders said.

Kan said he would take firm action on currencies when needed and that he would meet Bank of Japan Governor Masaaki Shirakawa when the central bank chief returns from the U.S. [ID:nTKZ006504] Shirakawa traveled to Jackson Hole, Wyoming, for the Fed conference and will return to Tokyo on August 30. [ID:nTKV006403].

Analysts and traders said Kan seemed to play down the prospect of imminent action but they remained wary with the currency so close to 15-year highs versus the dollar, with the rapidity of any move in the yen seen as key.

“I don't think we'll see intervention around current levels unless we get a disorderly move where dollar/yen falls sharply, say by three yen, during one day,” said Gavin Friend, currency strategist at nabCapital in London.

A report from the Nikkei business daily that The Bank of Japan is considering holding an emergency policy meeting early next week to discuss additional monetary easing had little impact on trading. The BOJ's policy board was scheduled to hold a regular two-day meeting starting on Sept. 6, the paper said.

Despite the risk of possible action by Japanese authorities to curb yen strength, such as yen-selling intervention or monetary easing by the Bank of Japan, some traders and investors say the yen could still test a record high of 79.75 yen to the dollar, hit in April 1995.

Non-commercial speculators cut short positions by 759 contracts to 12,017 contracts and increased long positions by 341 contracts to 63,086 contracts in the week ended August 24, according to data from the U.S. Commodity Futures Trading Commission commitments of traders report released on August 27.

A buy signal on the dollar against the yen was triggered on Friday when the 12- and 26-day moving average convergence divergence line rose above the nine-day signal line. The MACD was last at -0.68, with the signal line at -0.71.

The MACD is used in technical analysis as an indicator of short-term momentum by focusing on exponential moving averages and closing prices. (Additional reporting by Neal Armstrong in London and Vivianne Rodrigues in New York; Editing by Eric Walsh)

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FOREX-Euro buckling under speculative sales, yen strength – Yahoo! Asia News

* Euro in danger of breaking major support vs US$, yen

* Yen up broadly, US$ nearing 15-year trough again

By Wayne Cole

SYDNEY, Aug 24 – The euro was manhandled to multi-week lows in Asia on Tuesday as the loss of key technical support led speculators to short the currency in the hope of forcing stop-loss sales against both the yen and the dollar.

With Wall Street ending flat and little data out of the U.S., dealers said the move was not about risk aversion but more about making money.

“The euro looks the most vulnerable technically right and people suspect there's a whole lot of stops not far under current levels,” said a trader at a bank in Sydney.

“So some investment banks are dumping it with the aim of triggering forced sales and making a profit. There's nothing fundamental about it,” the trader added.

The pressure pushed the euro down to a six-week low of $1.2633 in Asian trade, from $1.2661 late in New York, where it was finding support.

Bears were targeting $1.2605, the 50 percent retracement of the euro's rise from a four-year low of $1.1876 in June to its August peak of $1.3334. A break here would open the way to at least $1.2520 and then $1.2479, daily lows from July.

The euro was also looking vulnerable against the yen having fallen to an eight-week trough of 107.48 yen . That left it dangerously close to the crucial June low of 107.30 yen and a break there would take it to territory not seen since late 2001.

Dealers said there was much talk of stop-loss sell orders under 107.00 which if triggered would likely drag the euro down across the board while sending the yen broadly higher.

The dollar was already down at 85.10 yen , having backed away from a 85.68 high on Monday after the much-hyped call between Japan's Prime Minister and the head of the Bank of Japan failed to even cover intervention. [ID:nTOE67M02F]. The dollar has support at various daily lows from 85.04 to 84.87 and 84.72, the latter being a 15-year trough and a huge psychological bulwark.

The U.S. currency is likely to be tested later in the day when data on U.S. existing home sales are expected to show a drop of around 12 percent in July, underlining the weakness of the housing market.

“A fall to 4.65 million sales will draw increasing comparisons to the record lows of 4.53 million recorded in November '08 and again in Jan '09,” noted analysts at RBC Capital Markets.

Also due is the Richmond Fed manufacturing index, a series usually ignored in normal times.

“But we are far from a normal environment with every US data release being scrutinized given the risk of a double-dip scenario,” noted RBC in a note to clients.

The Australian dollar was hovering around $0.8900 on Tuesday, having bounced as high as $0.8983 on Monday from a $0.8833 low. That was considered a resilient performance given the country had yet to discover who its new government would be after Saturday's election delivered a hung parliament.

While votes are still being counted, the weekend election looks certain to leave no one party with a majority leaving them to try and win the backing from a handful of independents.

The independents will meet Tuesday to swap ideas but it could take a few days yet before the government takes shape.

Investors have been largely unfazed so far since both parties are expected to remain fiscally conservative and return the budget to a surplus by 2012/13.

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PAKISTAN – Market factors to watch – Aug 20 – Yahoo! Singapore News

KARACHI, Aug 20 – Following is a list of events in Pakistan as well as news stories and press reports which may influence financial markets.

(Reuters News welcomes your feedback and for any queries please contact Michael Georgy in Islamabad editorial on +92-51 281 0017 or via email at chris.allbritton@thomsonreuters.com or on Reuters messaging chris.allbritton.reuters.com@reuters.net)

WHAT IS HAPPENING IN PAKISTAN, ALL TIMES LOCAL FOLLOWED BY GMT: (The inclusion of diary items does not necessarily mean that Reuters will cover the event)

* National Fertiliser Development Centre due to release fertiliser data for July on Friday or soon after.

* State Bank of Pakistan due to release agricultural credit data on Friday or soon after.

MARKET SNAPSHOTS

* The rupee ended almost flat at 85.62/70 to the dollar on Thursday, compared with Wednesday's close of 85.60/66. [PKR/]

* The Karachi Stock Exchange benchmark 100-share index < .KSE> ended 1.47 percent, or 142.61 points, higher at 9,847.61 on turnover of 37.84 million shares. [.KA]

* The net inflow of foreign portfolio investment in the stock market was $1.38 million on Thursday.

* U.S. stocks tumbled to their lowest close in nearly a month on Thursday as the latest batch of data amplified concerns the economy is stuck in neutral.

The Dow Jones industrial average < .DJI> dropped 144.33 points, or 1.39 percent, to 10,271.21. The Standard & Poor's 500 Index < .SPX> fell 18.53 points, or 1.69 percent, to 1,075.63 for its lowest close since July 21. The Nasdaq Composite Index < .IXIC> lost 36.75 points, or 1.66 percent, to 2,178.95. [.N]

* Crude was steady near a six-week trough below $75, after weak U.S. economic data signalled the world's top oil-consuming nation will struggle to work through the most ample petroleum inventories in two decades.

U.S. crude for September , the front-month contract which expires at the end of Friday trading, shed 3 cents to $74.40 a barrel at 0034 GMT, heading for a second consecutive week of losses. [O/R]

* Gold firmed on Friday, to just short of its highest since early July, after U.S. jobs data sparked worries of a deepening slowdown in the United States, while ETF holdings rose for a third consecutive day.

Spot gold added $1.20 an ounce to $1,231.30 an ounce by 0104 GMT, having rallied to as high as $1,237.15 on Thursday after new U.S. jobless claims marked a nine-month high last week, and Mid-Atlantic manufacturing shrank in August for the first time in more than a year. [GOL/]

* For global market news, click on [MKTS/GLOB]

* To see announcements on Pakistan central bank's regular open market operations, please click on .

FOR A SPEED GUIDE ON PAKISTAN, CLICK ON

FOR A DIARY OF EVENTS IN PAKISTAN, SEE [PK/DIARY]

FOR PAKISTAN ECONOMIC INDICATORS, CLICK ON [ECI/PK]

FOR KARACHI INTERBANK RATES, SEE

FOR PAKISTAN OPEN MARKET CURRENCY RATES, CLICK ON [PKR/]

FOR PAKISTAN COTTON RATES, SEE [COT/KAR]

FOR PAKISTAN PORT ACTIVITY, CLICK ON [SHP/PK1][SHP/PK2]

FOR KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO]

FOR AN OUTLOOK OF ASIAN STOCK TRADING, CLICK ON [STXNEWS/AS]

TOP NEWS ON ASIAN COMPANIES [TOP/EQA]

FOR INTERNATIONAL FOREX NEWS, HIT [FXNEWS]

FOR WHAT INVESTORS ARE SAYING ABOUT GLOBAL DEALS [DEALTALK/]

GLOBAL STOCKS – BUY OR SELL? [BUYSELL/]

IN THE NEWS REUTERS PAKISTAN (Click on [PK-RTRS]

> US, Pakistan warn of militant plots over floods [ID:nSGE67I05N]

> US, others pledge more funds to UN Pakistan appeal [ID:nN1997179]

> Pakistan to ask IMF to restructure loan – report [ID:nSGE67J007]

> Pakistan floods renew focus on stalled US trade bill [ID:nN19193020]

> Pakistan flood victim finds safety on ancient mound [ID:nB484650]

> For US, Pakistan floods are about national security [ID:nSGE67I0IR]

> Pakistan to “revisit” budget after floods-minister [ID:nN19252339]

> Breakdown of major Pakistan flood aid donations [ID:nSGE67H0JQ]

> Pakistan textile industry seeks more market access [ID:nSGE67I08O]

> Pakistani stocks up; rupee flat; o/n rates down [ID:nSGE67I0F6] (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan)

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I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

easy-forex wants full Forex mobile trading on iPhone, Blackberry and Android

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That’s all the news for today guys, so until next time, thanks for stopping by.

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Psychology Governing Abilities to trade with Forex

This market may be either the share market or the forex trading . However everybody who enters in the trading hopes to win but at heart to heart, … Read More…

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That’s all the news for today guys, so until next time, thanks for stopping by.

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