Portal Komuniti Informasi Malaysia Terkini
BTCClicks.com Banner
Hello There, Guest! Register Login with Facebook

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
GDMFX - Weekly News
#21
kalau break 1.3650 tu kira terbang lagi eh ??
utamamm dad datdat padam..madhyam padam thuchuk thuchuk
khanishtham thudthudiii padam..sursuria pran khatkam..!!!!


[Image: TTU3tZW.jpg]
Reply
Thanks given by:
#22
Forex Technical Analysis: The Bulls have the Year’s high in sights.

EUR/USD

Forex Technical Analysis: Last week’s highlight was the US debt crisis and the solution that was r

[Image: 20131021-20131027-The-Bulls-have-the-Yea...24x477.png]

Technical Outlook

The result of this Dollar weakness was seen last Thursday in the form of an almost 170 pip rise which was continued Friday. The pair broke the resistance located at 1.3650 and is now sitting near the major resistance level of 1.3710 which coincides with this year’s highest peak. A break of the year’s high would generate additional bullish strength which will probably push prices even higher but due to the importance of this level, we don’t anticipate it to be broken in the first attempt. The first important level to the down side is located at 1.3650.

Fundamental Outlook

The first event of the week is the release Monday of the US Existing Home Sales which is the first in a series of housing market indicators. The most important US release of the week is the Non Farm Employment Change scheduled for Tuesday. This is the most important gauge of employment in the United States and its release was previously suspended due to the government shutdown.

Wednesday lacks important economic releases for the Euro or Dollar and Thursday’s headlines are the release of the German Manufacturing Purchasing Managers’ Index (important and leading indicator of economic health focused on the Manufacturing sector) and the US New Home Sales.

The economic week finishes Friday with the release of the German Ifo Business Climate and the US Durable Goods Orders. Both indicators are correlated with optimism and higher numbers strengthen the currency.


GBP/USD

The Pound strengthened throughout last week due to a better Consumer Price Index and better Retail Sales numbers. On top of that, the US Dollar weakened and as a result the bulls scored a major victory, taking price about 340 pips higher throughout the week.

[Image: 20131021-20131027-The-Bulls-have-the-Yea...24x477.png]

Technical Outlook

Last week’s massive rally took price in the resistance zone located around 1.6170 but it appears this level stopped the bullish momentum. Friday’s daily candle is showing rejection in the form of a long wick on its upper side and this level will probably be the most important of the week. Although the momentum belongs to the bulls, moves lower in the form of a retracement are not out of the question.

Fundamental Outlook

The minutes of the latest Meeting of the Bank of England will be released Wednesday and will contain the details of the members’ votes regarding the Interest Rate and the Asset Purchase Facility. Friday the UK Gross Domestic Product will be released and although its main components are known in advance, this indicator still remains the most important gauge of an economy’s progress and can have a high impact on the pair. The US events mentioned earlier will have a direct impact on price movement.

Written by: Bogdan Giulvezan

The article above is based on the writer’s 4-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

More articles from the best forex broker.
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#23
Forex Technical Analysis: Overbought prices – a retracement in the making.

EUR/USD


Forex Technical Analysis: Last week’s most influential event was the release of the US Non Farm Employment report which was previously delayed due to the recent US government shutdown. A worse than expected figure was detrimental to an already weak US Dollar and the pair moved to the north for almost the entire week.

[Image: 20131028-20131103-Overbought-prices-a-re...g-pic1.png]

Technical Outlook

For two weeks, the bulls have been in total control of the pair and their task of taking price higher was made easy by a weak US Dollar. Although the buyer’s strength is likely to continue to manifest itself in the form of higher prices, a retracement is anticipated. The overbought condition of the Relative Strength Index on a Daily chart adds more probability to this scenario and makes us believe that 1.3710 will be touched from above. This would complete the retracement and the pair would be able to resume its bullish movement afterwards.

Fundamental Outlook

The US Pending Home Sales are released Monday, showing the change in the number of homes under contract to be sold but awaiting the final transaction. Tuesday will be a more important day as the US Retail Sales, Producer Price Index and Consumer Confidence indicators are released; better numbers usually strengthen the greenback and take the pair lower.

Wednesday the US Consumer Price Index comes out and is directly correlated with inflation because a higher CPI indicates that consumers pay more for the same product than they did before. The release was delayed 14 days due to the government shutdown and this makes it a highly anticipated indicator. The day’s most important event is the Federal Funds Rate decision and the FOMC Statement which offers insights into the economic and financial reasons that stood behind the members’ votes.

Thursday the German Retail Sales numbers are announced and the week finishes Friday with the release of the US Manufacturing Purchasing Managers’ Index, a leading indicator of economic health based on the opinions of about 500 American purchasing managers.


GBP/USD

Last week the pair had another encounter with resistance but failed to break it; UK’s Gross Domestic Product came out as anticipated and this contributed to a rather slow week.

[Image: 20131028-20131103-Overbought-prices-a-re...g-pic2.png]

Technical Outlook

The pair seems to have trouble breaking the resistance located at 1.6250 and at the moment we see a double top pattern forming on a Daily chart. This is a bearish formation which could reject price lower, stopping the uptrend. If this is the case, the first important support is located at 1.5915. However, if 1.6250 is broken, the pair’s next target will be the level of 1.6380 which is the highest price reached in over two years and thus, a key resistance and very important for future developments.

Fundamental Outlook

Tuesday the Bank of England will announce the Net Lending to Individuals value, which is correlated to consumer spending so higher numbers are beneficial for the economy. It’s a slow week in terms of major economic UK data releases and the only other important indicator will be the Manufacturing Purchasing Managers’ Index which comes out Friday and shows economic health according to the opinion of about 600 purchasing managers.

Written by: Bogdan Giulvezan

The article above is based on the writer’s 4-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

More articles from the best forex broker.
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#24
[Image: vpf9.jpg]
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#25
[Image: rloa.jpg]
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#26
[Image: 1441364_356665897804091_1772581557_n.jpg]
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#27
I learned that GDMFX has an Islamic Account.What is exactly it is and what is its difference from the other accounts?
Reply
Thanks given by:
#28
Forex technical Analysis: Bounce or break – history repeats itself?

EUR/USD

Forex technical Analysis: Even if the start of last week was bearish, the Euro gained against the US Dollar later in the week on the back of hawkish comments made by ECB President Mario Draghi during Thursday’s ECB Press Conference.

[Image: 2013.12.09-2013.12.15-Bounce-or-break-hi...24x479.png]

Technical Outlook
The bulls took the pair into the resistance located at 1.3710 and a “bounce or break” scenario is developing once again. If the buyers can maintain the positive sentiment throughout the week, this level will be broken and a move towards 1.3830 will start. However, after a strong upward move, a retracement is very possible and the resistance ahead may prove a good place for a bounce lower.

Fundamental Outlook
The week ahead is rather slow in terms of economic and financial data but nonetheless, we must be aware of the Eurogroup meetings which take place Monday and will be attended by Finance Ministers of the member states, the Eurogroup President, the ECB President and other personalities of the Euro Zone economic and financial scene.

Tuesday the ECOFIN Meetings may generate volatility, depending on the matters discussed. The Meetings are attended by Finance Meetings of from EU member states who will discuss Euro support and stabilization mechanisms and other important finance matters.

Wednesday’s most important release is the German Final Consumer Price Index which tends to have less impact than the Preliminary version of the same indicator which was released 15 days earlier. Thursday the most anticipated event is the release of the US Retail Sales which show the fluctuation in sales value made at retail outlets.


GBP/USD
Last week price moved mostly on a downward path, influenced mostly by good US economic data which generated Dollar strength, but price action was mixed, characterized by a lot of whipsaws and sharp turns.

[Image: 2013.12.09-2013.12.15-Bounce-or-break-hi...24x479.png]

Technical Outlook
Although on the lower time frames like four hour and hourly, the resistance located at 1.6380 appeared to be broken, from a daily chart perspective we can notice two pin candles created right on this level. These pin bars suggest that lower moves may follow and probably price will travel into the support level located at 1.6250. If that is broken, an extended move lower towards 1.5915 will possibly begin but we don’t expect such a move to be completed this week.

Fundamental Outlook
The most important UK economic indicator of the week is the Manufacturing Production which will be announced Tuesday. Manufacturing represents about 80% of all Industrial Production and thus tends to have a major impact on the pair’s movement. The same day, a Gross Domestic Product Estimate is released, showing expectations for the actual value of the Gross Domestic Product. Although it’s just an estimate, the release tends to have a notable impact on the pair. Of course, the US events mentioned earlier will affect price action directly.

Written by: Bogdan Giulvezan

The article above is based on the writer’s 4-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

More articles from the best forex broker.
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#29
Forex Technical Analysis: Draghi, Carney and Bernanke – Three reasons for volatility

EUR/USD

Forex Technical Analysis: Last week the pair was mainly influenced by the US Retail Sales data which came out better than anticipated and triggered a long awaited retracement to the downside. The strong bullish impulse reached an end and the bears took price at 1.3710.

[Image: 2013.12.16-2013.12.22-Draghi-Carney-and-...24x479.png]

Technical Outlook
The important level located at 1.3710 acts as support now and since the uptrend is intact, we consider a bounce higher very possible. If this bounce occurs during the course of the week, the first upper target will be 1.3830, an important resistance level which was missed by a few pips last week. If 1.3710 is broken to the downside, the first support is located at 1.3650 and most likely the broken level will become resistance once again.

Fundamental Outlook
Monday’s most important event and a potential market mover is Mario Draghi’s testimony on monetary policy before the European Parliament, in Brussels. The German ZEW Economic Sentiment will be released Tuesday and holds a special importance because it is derived from the opinions of about 275 German analysts and professional investors who are highly informed due to the nature of their jobs.

Probably the main event of the week occurs Wednesday and is represented by the US Federal Funds Rate decision and the press conference which follows soon after. No change of the rate is expected but during the press conference Fed Chairman Ben Bernanke will probably offer hints about the stimulus program and if this is the case, very strong moves will be triggered.

Thursday the US Existing Home Sales numbers and the Philly Fed Manufacturing Index are released, both being leading indicators of economic health with the potential of strengthening the US Dollar if their values are better than anticipated. Friday the final version of the US Gross Domestic Product is released but it tends to have a lower impact on the Dollar than previous versions.


GBP/USD
The US Dollar managed to take the pair lower, mostly due to the strength generated by better than anticipated data coming out of the United Stated but technical reasons were involved as well.

[Image: 2013.12.16-2013.12.22-Draghi-Carney-and-...24x479.png]

Technical Outlook
Price returned below the important level of 1.6380 but a new high was reached at 1.6465 and this level will act as resistance. During next week, touches of 1.6380 from below are very possible but we anticipate a break of 1.6250 support and a move back inside the horizontal channel formed between 1.6250 and 1.5915. Direction will be strongly influenced by the US Federal Funds Rate press conference and UK releases will have a high impact as well.

Fundamental Outlook
The first important UK event of the week is the release of the British Consumer Price Index which is scheduled Tuesday. Consumer prices account for the majority of consumer inflation and the indicator itself is used by the Bank of England as an inflation target.

The Claimant Count is released Wednesday, showing the change in the number of unemployed people claiming social benefits related to unemployment. The same day the BoE Meeting Minutes come out, containing details about the latest votes on the Interest Rate and reasons behind those votes. The last UK event of the week is Thursday’s release of the Retail Sales, a potentially strong market mover because sales made at a retail level represent the greater part of consumer spending. As mentioned before, the US indicators and events will have a direct impact on the pair.

Written by: Bogdan Giulvezan

The article above is based on the writer’s 4-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

More articles from the best forex broker.
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:
#30
Forex Technical Analysis: Christmas week brings irregular market behavior

EUR/USD

Forex Technical Analysis: Last week’s major event was Fed’s decision to reduce the monetary stimulus package from $85 billion to $75 billion per month, a fact which was perceived as bullish for the US Dollar and drove the pair lower.

[Image: 2013.12.23-2013.12.29-Christmas-week-bri...24x479.png]

Technical Outlook
The US Dollar is benefiting from the latest Fed decision to taper the stimulus and technical reasons agree with a move below 1.3650 support, towards 1.3525. If this scenario comes true, we don’t expect price to drop sharply to touch the mentioned level and instead we believe several smaller moves up and down will occur until the target is reached. This week Christmas is celebrated, a fact which will clearly affect the market; irregular, low volatility price action may be experienced.

Fundamental Outlook
Being Christmas week, not a lot of economic data is released and most of the banks will be closed for the holiday. Just three events are worth mentioning as they may have an effect on the market: Tuesday the US Durable Goods Orders and the New Home Sales numbers are released, followed Thursday by the US Unemployment Claims. The impact of the events is unpredictable due to the thin volatility which will probably be experienced throughout the week.


GBP/USD
Better than expected UK unemployment data released last week triggered a substantial move higher and created a new high located at 1.6484 but a strong counter move brought the pair back down and prevented a clear break of resistance.

[Image: 2013.12.23-2013.12.29-Christmas-week-bri...24x479.png]

Technical Outlook
Early last week the pair had another encounter with the support located at 1.6250, followed immediately by a move higher, suggesting bull strength. However, from a daily time frame perspective, the pair is moving sideways, bouncing between support and resistance, with neither side being in clear control. Trading will be made difficult by the holidays but the main levels to watch are 1.6250 as support and 1.6480 as resistance.

Fundamental Outlook
Tuesday the British Bankers’ Association will announce the Mortgage Approval numbers which are an excellent gauge of demand in the housing market but usually this indicator has a mild impact on the market. The US events mentioned earlier will directly affect the pair’s movement.

Written by: Bogdan Giulvezan

The article above is based on the writer’s 4-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market.

Source of article from the [URL="http://www.gdmfx.com"]best forex broker[/URL].
Need help? Click here to talk to our customer support
Site: http://www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: customersupport@gdmfx.com
Reply
Thanks given by:


Forum Jump:


Users browsing this thread: 1 Guest(s)