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Technical analysis Trading Online, June 01, 2012

EUR/USD Bias is still bearish in the short term test area 1.2320, break down those areas could trigger further bearish pressure test area 1.2200 – 1.2250 as part of the bearish scenario after the break down of strong support 1.2425. Nearby there are resistant around 1.2480 area, break up the area will bring prices toward the neutral zone but for berthaan price 1.2505 below, overall technical bias is still bearish daily and only the above movements that can withstand 1.2625 bearish scenario for a while.

GBP/USD as shown in graph 1 hour GBPUSD has continued to trend down to lower level support 1.5470, overall bias is still bearish for prices in abwah 1.5635, with the risk of psychological level test area 1.5300 then 1.5265. To move up, it takes a consistent break up in this phase of 1.5730 to indicate potential correction towards area 1.5845.

AUD/USD AUDUSD again tried to move down yesterday, marked the decline of the advanced towards the area towards the psychological level 0.9660 next around before heading to 0.9500 0.9600 area in the long term. Meanwhile, the correction up to neutralize the oversold condition limited area around 0.9750, break up the area could trigger further bullish pressure test the back area, but overall the 0.9810 just breaks is consistent and the closing level above the psychological level of daily importance around the 1.0000 area that can withstand the bearish scenario for a while.

XAU/LOCO Bias remains neutral in the short term to persist around the area of 1560 with a focus fixed on NFP data from the us. Nearby there are around resistant area 1582 was followed by area of 1600. While the nearest exist in the area support 1523 and 1525. However we still prefer the bearish bias sell on rallies with a strategy for defending the area price under 1600.

HANGSENG Hang seng INDEX is in a bullish correction phase towards areas in the short-term. 18825 While bias is still bearish with the nearest support on 18480, break down these areas will bring the hang seng dropped to test the psychological support in the area of 18000.

The NIKKEI INDEX Bias is still bearish as long as price moves below the resistant area, heading 8520 8534 as low level areas yesterday before testing the 8260 area. Just break into the top area of the 8520 that can trigger a bullish correction test area 8610.

Market Review of the US June 01, 2012

The Euro weakened against the US dollar on Thursday pressured by worries about the banking sector, Spain and the US economic data disappointing which pushed the euro to a low level 23 of the new moon, which also hit Wall Street to be closed down. Crude oil prices drop after US crude oil supplies surged to a high level in almost 22 years last week while gold closed flat, but the biggest monthly decline since headed last December.

Economic Data today is AIG manufacturing index of capital spending from Australia, Japan, manufacturing PMI from China, retail sales, SVME PMI from Switzerland, manufacturing PMI from United Kingdom, jobless rate from the European zone, non-farm payrolls, jobless rate, personal spending, the ISM manufacturing PMI.

EUR/USD closing 1.2363, high, low, 1.2428 1.2335 XAUUSD C:1562.45, H:1573.05, L:1552.55, CO-S c: 86.50, H: 88.28 L: 85.86. Dow C: 12383, h: 12479, L:12307

Market Review U.S & Europe 18 May 2012

Crude oil weakened related news from Europe and weak economic data. Thursday, gold had the biggest daily gain since January, continuing a rally while the return action.

The Euro is moving down the banking worries related Greece and Spain. Opening up new opportunities for Greece out of the Euro and disappointing us economic data. The U.S. stock exchange slumped Thursday, with the Dow plummeting more than 1%, with the accession of Spain bond yield.

EUR: C: 1.2699 H: 1.2749 L: 1.2665; XAU: 573.40 H: C:1, 1, 579.80 l: 1, 538.75; Oil: C: H: 93.88 92.90 L: 92.09; DJIA: C: H: 12,413 12,644 L: 12,409.

Asia mired in negative Gorge

Almost all of the stock indices in the region Asiahari (Wednesday, 16/5) decreased sharply because investors are still overshadowed the anxiety of European crisis matters which do not come over. In addition bursa Asia also induced by Wall Street, which closed because of negative correction affected due to the political impasse again Greece that gave investors another reason to be careful. The negative news that even Greece shook off the American economic data releases were positive, so the index Dow Jones down close to the lowest level in four months. This factor dragging down Asia stocks today.

In the afternoon session, the index Nikkei Japan recorded 1.35% or as much as plummeting-120.22 points to level 8780.52. While South Korea Kospi index – fell-2.42% or (-6.10 points) towards level 246.30. Concern about unrest in the Euro zone and its impact on the global economy finally was also hit shares of energy and material. In addition, crude oil America was down for three days in a row. Stock index S & P energy sector and stock index S & P materials sectors each fell 1.5%. It is not surprising that a number of trading floor Asia today are exposed to some attenuation of the electrical sector, which resulted in investors to back doing action selling.

Technical analysis Trading Online 16 may 2012

XAU/LOCO On the 4 hour chart, the descent of Moving Average 50-100-200 will keep gold in channel attenuation bearish. There is room for correction went up with the RSI indicator was in the area of oversold. However, the chances of correction is limited and will lose momentum approaching the upper limit on bearish channel. Just above the increase in 1564 redakan can down pressure for a while. 1555 and 1570 (May 14, the lowest prices and the highest of 16 May) is the resistance. 1542 and 1522 (lowest price September 26 and 29 December) is support

INDEX HANGSENG On the 4 hour chart, soaring stochastic indicator has helped the Hang Seng to test the upper limit a bearish channel. However, the increase is still only corrections and above increases that can eliminate the perception of 19725 bearish. On the other hand, the descent of Moving Average 50-100-200 will keep weakening of Hang Seng in a bearish channel. Hammer formed also intimated the pressure down remains to be faced by the Hang Seng. 19725 and 19850 (highest price 3 and 14 May) is the resistance. 19420 and 19265 (lowest price may 15 and the highest December 7, 2011) is the support.

The NIKKEI INDEX On the 4 hour chart, the descent of Moving Average 50-100-200 will keep the attenuation of the Nikkei in a bearish channel. Datarnya indicator RSI can be intimated Nikkei Middle natural consolidation. Beware the fall under because it can worsen the performance of 8840 Nikkei. On the other hand, rising above can reduce the pressure from bearish 8960 for a while. 8960 and 9030 (highest price 3 and 14 May) will be a resistance. 8840 and 8800 (lowest price may 15 and 27 January) is support

EUR/USD

Resistance Level: 1.2925, 1.2823, 1.2971

Support Level: 1.2675, 1.2624, 1.2527

Trading Range: 1.2675 – 1.2831

Trend: Bearish

GBP/USD

Resistance Level: 1.6155, 1.6074, 1.6198

Support Level: 1.5955, 1.5907, 1.5826

Trading Range: 1.5955 – 1.6082

Trend: Bearish

Market Review of European & U.S. 16 may 2012

The Euro weakened to a 4 month low against the u.s. dollar as Greece's decision to conduct voting new adds to the uncertainty of the future and the chance to expel Greece from Europe.

Gold touched the low 4-1/2 months with the fall of the Euro. U.s. oil contracts continues to slump after data showed an increase in industry who bolted mains high last week.

U.S. Exchange plummeted in 8 days time of uncertainties that arise from political tensions Greece giving reasons for investors to resist.

EUR: C: H: 1.2869 1.2730 L: 1.2720, XAU: C: 1, 543.30 1, H: 564.30 L: 1, 541.85, Oil: C: H: 93.08 95.48 L: 93.06 DJ: C: H: 12,605 12,759 l: 12,573.

Market Review United States 14 May 2012

The Euro traded flat against the dollar is likely to be on Friday but there are near the low level 3-1/2 months over political uncertainties in Greece and large losses by us banks JPMorgan Chase make investors anxious to take the position of bullish on the euro.

Gold prices fell as investors seek passage on the dollar, while oil prices decrease and is situated near trim level flat after us consumer sentiment data.

Wall Street closed mixed, with the main index scored the second weekly decline, depressed by news of losses by JPMorgan and amid anxiety about the European zone.

Economic Data today is the home loans from Australia, Switzerland, PPI of industrial production from the European zone, the speech of the SNB Jordan.

EUR/USD 1.2918, high closing 1.2957, low 1.2903, C:1579.95, H:1594.90, and XAUUSD L:1573.25, CO-S c: 95.57, H: 97.20 l: 95.56. Dow c: 12788, H: 12883, L:12723.

Technical Analysis Trading Online 11 May 2012

EUR/USD Bias is still bearish in the short term is still testing the 1.2895 area – 1.2800. Nearby there are around resistant area 1.2985 – 1.3030, break up the area can bring prices toward the neutral zone test area 1.3065-1.3095 however bullish correction today is still normal and overall we still prefer the bearish scenario in this phase.

GBP/USD Bias is neutral in the short term, the price remains in a bearish correction phase but keep in mind that the main bullish scenario is still valid and 1.6070 – 1.6000 appears to be a good place to take a position on the buy with tight stop loss below the 1.6000. Nearby there are resistant around 1.6210 area, break up the area consistently can trigger a bullish pressure continued tested 1.6245 area.

USD/JPY as shown in graph 1 hour, while volatility remained low but the price broke through the upward trendline on the graph resistant 1 hour indicates potential technical rebound at least test the area, before heading to area 80.10 80.60. For movements down, break and level the daily closure under 79.60 can become a threat to the bullish reversal scenario to re-test support at key areas 79.15.

XAU/gold neutral technical Outlook LOCO for this day after prices remained around the area of 1595. It takes a break to the top area of 1600 to trigger a bullish correction continued tested area of 1616. While break down area 1580 can continue is bearish outlook at least test area of 1562.

INDEX bearish Bias towards areas HANGSENG 19600 today, but the stochastic on the daily chart is at oversold conditions indicating bullish correction. Break up into the area of resistant 20000 will trigger a bullish correction toward 20160 area.

The NIKKEI INDEX daily chart on MACD indicates bias still bearish toward the area prior to the testing area 8910 8830. Just break up 9160 that can trigger a bullish correction back to area 9275.

Market Review of The U.S May 11 2012

The Euro strengthened against the dollar on Thursday, ending the decline for 8 consecutive session and recover from low level 3-1/2 months as the meredanya tension on the bond market Spain and Greece had managed to secure funds to pay off his debts.

Gold is up end the decline for 3 days, after the action of bargain hunting after the market fell sharply to intrude this week in the debt crisis worsening anxiety in Europe. Oil prices due to the Chinese data mix is worse than expected and the increasing production of OPEC. Wall Street falls for made-up closed mix but the Dow managed to end loss streak for 6 days.

Economic Data today is the nationwide consumer sentiment, the PPI of the United Kingdom, CPI, PPI, industrial production, retail sales of China, CPI, PPI, Germany's University of Michigan consumer sentiment report from the u.s., as well as earnings from Nissan and Nvidia.

EUR/USD closing 1.2937, high, low, 1.2979 1.2923 XAUUSD C:1595.25, H:1601.90, L:1586.00, CO-S c: 96.55, H: L: 98.52 108.95. Dow C: 12834, H: 12892, L:12741.

Chaotic Europe Burn Their Precious Metals

World Gold prices have decreased sharply until recorded more than US $ 40 per troy ounce on Wednesday (9/5/2012) of the high level session yesterday. Precious metals also recorded the lowest level since the beginning of the year 2012 and broke an important level of $ 1,600 to the range of $ 1587.83. This is triggered by a strengthening of the u.s. dollar, amid continued fears of political upheaval in Europe. Dollar continues to gain experience since the beginning of the week as investors continue to seek assets that are considered less risky or after elections safehaven weekend in much of continental Europe.

The election resulted in the defeat of President of France Nicolas Sarkozy and deliver a victory his rival Francois Hollande Socialist. While in Greece, parliamentary elections resulted in a major defeat for the main parties, who are struggling to form a majority. Consequently, strengthening the dollar finally hit a number of products a commodity, because it makes the berdenominasi dollar these products become more expensive for holders of other currencies.

Bond Market focus on Greece

Greece is still the motor of the world investment market mover this week.Today, the performance of European government bonds dropped off some of its assets so the yield goes up. The failure of coalition formation factors in Greece make market participants worried about the future of the area. Amid a lack of economic agenda, the bond market is likely still focused on political issues in Greece and several other countries are problematic.

As long as there is no clarity on speculation Greece to expel from the euro, then the interest in risky assets has not yet been recovered. Flower bond Italy 10-year perched on 5.64% and the yield of bonds of 5.84%, Spain were both up 4 basis points.Financial institutions Credit Suisse raised the percentage likelihood of Greece to expel eurozone from 5% to 15%. The latest polls showed as many as 70% of the residents still hoped Greece joined the euro. However the political transition factor could be the reason behind the Athenian resistance against European trimming program. If this is proven, then the European financial system could be shaken

Market Reviews of The U.S May 10 2012

The Euro slipped to a low level 3-1/2 months against the dollar on Wednesday and dropped down as low as $ 1,600 per ounce, in the anxiety that a political issue in Greece may threaten the deal help anxiety about risks and by bank Spain. Oil prices fell, depressed by data showing US crude oil supplies increased for 7 weeks in a row and the political changes in Europe that could again turn on the debt crisis there. Wall Street managed to escape from the lowest level following news that Greece will get the next bailout payment, but still closed in negative area in the Central European zone of anxiety is still there.

Economic Data today is a current account, economy watchers sentiment, bank lending from Japan, employment change, jobless rate from Australia, the trade balance of China, the ECB monthly bulletin, manufacturing production, industrial production, NIESR GDP estimate from the United Kingdom, the decision and the statement of interest rates, trade balance, BoE jobless claims, the federal budget of the US, from Ben Bernanke's speech, as well as earnings reports from ArcelorMittal, Kohl 's, Sony, Nordstrom.

EUR/USD closing 1.2930, high 1.3005, low C:1590.85, 1.2910, XAUUSD, H:1606.15, CO-L:1579.15 S C: 96.37, H: 97.39 l: 95.17. Dow C: 12795, H: 12884, L:12700.

The Political Uncertainty That Destroy The Euro

The Euro plummeted to the lowest level 4-months against the US Dollar on Tuesday amid fears that a new outbreak of political uncertainties in Greece and the turn of the President of France will be threatening discourse of savings is seen as the key to tackling the debt crisis in the Euro zone. Euro mired below psychological $ 1.30 after left-wing Coalition Party leaders said that the commitment of the State of Greece Greece bailout deal to Eu/IMF cancel, leaving the question of the ability of Greece to avoid defaults and persist in block 17 of those countries.

"Euro react negatively to the news from Greece, although some of what it says has been previously thought," said Camilla Sutton, Chief currency analyst at Scotia Capital in Toronto. "Political Risk still put the Euro in a very vulnerable position. The closure of the daily newspaper under the lowest level Monday at $ 1.2955 a potentially urgent technical territory bearish. " In the meantime, Francois Hollande President-elect plan France to focus more on growth in the debt crisis at risk of creating tension with Germany leading fiscal austerity program.

Technical Analysis Online Trading 09 May 2012

EUR/USD on the 4 hour chart, the descent of Moving Average 50-100-200 will keep a weakening euro in bearish channel. Beware of the daily closing level below 1.2955 because it can open next fall in targetted opportunities 1.2624 (lowest price 13 January). Accession would provide an opportunity for RSI rises but increase limited to correction and may be hindered by the upper limit of the bearish channel. 1.3065 and 1.3104 (highest price 8 May and lowest April 23rd) is resistant. 1.2955 and 1.2700 (lowest price 10 and 12 January) is the support.

GBP/USD On the 4 hour chart, the bearish sentiment still naungi sterling as the price is still trapped inside a bearish channel. Beware of the decrease under 1.6110 (near the Moving Average 100) because it can open up opportunities fall toward the 200 Moving Average. Accession will provide opportunities for RSI indicator correction went up but the rally will be intercepted by an upper limit on the bearish channel. 1.6200 and 1.6240 (the highest price of 8 and 2 may) is the resistance. 1.6110 and 1.6060 (lowest price may 7th, and April 2) is support.

AUD/USD on the 4 hour chart, the descent of MA 50-100-200 will keep your aussie attenuation in a bearish channel. There are chances of correction went up as the stochastics are oversold area; However the potential rally limited up to an upper limit on the bearish channel. 1.0175 and 1.0220 (4 May and lowest price highest may 8) is resistance. 1.0045 and 1.0000 (lowest price December 29, and psychological level) is support.

XAU/LOCO from the perspective of daily prices are in phase looks bearish, break down as support nearest 1595 will trigger further bearish momentum towards 1580 or even area of 1562. Nearby there are resistant around 1616 area, followed by the area of 1629 and 1639.

The Bias is still bearish HANGSENG INDEX in the short term, break down 20160 area will bring the hang seng dropped to test the psychological support at 20000. The nearest extant in resistant areas 20410, break into this area of the katas can trigger a bullish correction toward 20670 area.

The NIKKEI INDEX bearish Bias since the price break down MA100 on daily chart two days ago is still heading area 8910 especially if prices can break through the psychological support at 9000. Nearby there are around resistant area 9160, break up this area will bring up the nikkei to test the area around MA100 9260.

Market Review of The U.S 09 May 2012

The Euro weakened for the seventh session in a row against the dollar on Tuesday in the anxiety that uncertainty of politics in Greece and the change of leaders in France could threaten plans for tightening is considered key in tackling the debt crisis in the European zone, which also hit the gold to go down to near $ 1,600 and area of crude oil dropped to the fifth day in a row. While Wall Street was also closed in negative area as uncertainty in Greece make investors reluctant to enter the stock exchange.

Economic Data today is BRC retail sales monitor from the United Kingdom, the leading indicator of Japan, Germany's trade balance, the balance of trade of France, crude oil inventories from the us as well as to report earnings from Toyota, AOL, Dean Foods, Macy 's, Cisco, Activision Blizzard, it's NewsCorp, and Priceline.com.

EUR/USD closing 1.3005, high 1.3065, low 1.2981 XAUUSD, C:1605.40, H:1638.90, L:1595.80, CO-S c: 97.41, H: 98.12 L: 89.42. Dow C: 12867, H: 12975, L:12755.

Technical Analysis Trading Online May 07, 2012

EUR/USD Bias is neutral in the short term. Nearby there are still resistant in some areas 1.3180-1.3205, break up the area could trigger further bullish pressure test area 1.3285, which remains a resistant locks and a good place to take a position sell with tight stop loss above the triangle formation. To move down, it takes a break and level the daily closing below the bearish scenario 1.3105 to continue to support strongly on area 1.2995. Overall there are no changes to the technical outlook. As long as prices remained in a bearish channel on the new graph 1 hour we still prefer a sell on rallies in this phase.

GBP/USD Bias is neutral in the short term. Overall the price remains in a bearish phase after penetrating the down channel bullish on chart 1 hour around 1.6190, indicating a potential bearish correction especially if prices can go back down through the test area 1.6100 1.6150 – 1.6070. To move up, we need a break and daily closing level above 1.6260 to continue a bullish scenario test 1.6300.

USD/JPY Bias still neutral in the short run seitdaknya test support at key areas 79.65, break down those areas could trigger further bearish momentum towards 79.15 area in the short term. To move up, break the daily closure of consistant and level above 80.30 can trigger a bullish correction phase megnuji 80.65 area, or even higher. We still prefer strategy buy on dips in this phase are expecting bullish reversal after the continuation of low record reflected

XAU/LOCO Biased neutral term, as shown on the 4 hour chart, gold seems unable to survive in the top area of 1645, it takes constant movement over the area to trigger advanced bullish momentum toward the area of the 1655 as MA200. Nearby there are in the area Support 1632, break down these areas can turn into a bearish bias towards areas of 1625 in the short term.

INDEX Prices are moving HANGSENG back into channel bearish on graifk 4 hours, indicating a bearish bias in the short term, especially if the price can penetrate down towards 20880 20670 area area or even area 20410. Nearby there is still on resistant 21085, only to break up these areas that can end the bearish bias.

The NIKKEI INDEX from the perspective of daily price has penetrated down MA100 which indicates a bearish bias towards areas 8910. In the meantime we should be vigilant as the stochastic is oversold conditions which can trigger a bullish correction back to test the area around MA100 9250.

Market Review of The U.S May 07, 2012

Dollar weakened against the yen in volatile trading Friday after US employment data for April, which gives an overview of the health of the economy. mix

U.s. labor report disappoints aggravate economic sentiment, pushing crude oil for closed below $ 100 per barrel and the stock exchange closed down sharply AS to the negative.

While gold climbed as investors sell crude oil and gold stocks then turns on after reports the US NFP a weak push the attractiveness of gold as an investment given the weakening economy might trigger further monetary easing by the Federal Reserve.

Economic Data today is the minutes of the BoJ meeting, AIG construction index, retail sales, building approvals,, ANZ job advertisements, NAB business confidence from Australia, unemployment rate, foreign currency reserves, the CPI from Switzerland, the sentix investor confidence from the European zone, factory orders from Germany, and consumer credit from the us.

EUR/USD closing 1.3083, high, low, 1.3178 1.3078 XAUUSD C:1642.45, H:1647.25, L:1626.95, CO-S c: 98.59, H: 102.72 L: 97.51. Dow c: 12957, H: 13168, L:12952.

Misses from the estimated Payrolls

Non-farm payrolls Data for April has come out below the expectations of analysts. Economic sector of the United States (US) was only able to open the 115,000 jobs in April, marking the decline in payrolls for two months straight. Previously, economists surveyed MarketWatch estimates payrolls appear in numbers 163,000. However, the average unemployment rate drops to 8.1% from the previous entry, 8.2%.

One of the positive facts of attendance report today is the revision number of payrolls in February rose from 120,000 to's 154,000. While the number of new job jumlahtenaga in the month of March were also revised up from 240,000 to 259.000. The revision was able to improve the average unemployment to its lowest level for more than a decade.

Technical Analysis Trading Online 04 May 2012

EUR/USD bearish in the short term Bias seetlah failed to penetrate into the top descending triangle, the price seemed ready to back test support strong at 1.3000 area. Nearby there are around resistant 1.3205, break up teesbut area can bring prices toward the neutral zone in the short term but will give you the opportunity to test the lines the top of the triangle at 1.3285.

USD/CHF Bias is bullish in the short-term test area 0.9210 but overall there is no change in the outlook of long-term technical and price are still in a phase of consolidation in the range area. Nearest Support is all around area 0.9100, break down the area can bring prices toward the neutral zone in the short test area 0.9040.

AUD/USD as shown in graph 1 hour, despite the bearish momentum is not as strong as forecast, the short-term bias remains bearish test 1.0225 – 1.0245. Nearby there are around resistant area 1.0355, break up the area could trigger a bullish correction phase 1.0400 area test.

XAU/LOCO Stochastic on the 4 hour chart indicating bullish correction phase for short term to test the MA200 area around 1645 before 1655 area. We still prefer outlook is bearish for prices remained below the area, with the nearest 1655 support in 1632 was followed by area of 1625.

INDEX bearish Bias HANGSENG in the short term due to the bearish correction seems kembal channel creates a false break scenario. Break down support on areas of 20880 will confirm this scenario to move down to 0.670 area. Failure to penetrate to the bottom area 20880 will maintain a bullish outlook heading back to area 21085.

The NIKKEI INDEX as shown in chart 1, the nikkei daily from the surrounding area reflected MA100 9235, which indicates a bullish correction phases in the short term returns to the area prior to the testing area of 9365 9290. Just break down the MA100 can confirm the bearish outlook toward at least in the short-term. 9160

Market Review U.S. 04 May 2012

The Euro weakened against the dollar for the fourth day on Thursday as the head of the European Central Bank, Mario Draghi pass judgement is good for the economy of the area but still opens the opportunity for relaxing the policy, making investors remain anxious the day before the US employment data tenga.

While waiting for the US employment data today, gold prices dropped after data showed U.S. weekly jobless claims level was down last week which increase expectations that the NFP report on this day will break expectations and crude oil shrank by 2% over a growing number of signs of slowing down the growth of the US economy made investors do porofit-taking considering the price had reached the top of range trading lately. The US stock exchange also closed in the negative area, with the S & P dropped to below the key level of 1400, depressed by the ISM non-manufacturing report for the weak.

Economic Data today is a monetary policy statement, the Halifax HPI RBA of the United Kingdom, the retail sales of Switzerland, services PMI, retail sales of the European zone, non-farm payrolls, the jobless rate in the US, as well as reports earnings of Berkshire Hathaway

EUR/USD closing 1.3152 1.3180, low, high, 1.3097, H:1653.45, and XAUUSD C:1636.45 L:1631.00, CO-S c: 102.45, H: 105.42 L: 102.36. Dow C: 13143, H: 13248, L:13118

Euro Depressed Ahead Of ECB Meeting

The Euro traded weakened to 2 consecutive sessions against the U.s. Dollar on Wednesday after several dismal European data back trigger concerns about the economic slowdown ahead of the elections in France and Greece. The manufacturing sector shrank more than estimates of Italy, with factory orders shrank at the fastest pace in the last 3 years. Data from Germany, Spain and France also shows the factory activity declined significantly. Its negative eurozone data also adds to the speculation over monetary policy of the ECB is to be taken at a meeting Thursday.

"Even though the ECB has been providing liquidity, data that indicates if a long-term fundamental outlook in the Euro zone are still negative," said Brian Kim, a currency expert at Royal Bank of Scotland in Stamford, Connecticut. The ECB will meet in Spain on Thursday, amid increasing pressure to immediately launch a program to purchase bonds or other measures in order to protect the small economies in the Euro area from a worse condition. Although the ECB is still going to maintain interest rates, some are hoping the central bank will cut its interest rates, which are at risk of generating negative pressure for the exchange rate of the Euro.

Gold: Test Range Under

The gold price still moves according to our predictions and perbalikan direction is likely to occur. Today, over the still under ranges of 1605-1610, we noticed the trend of price reductions can happen anytime. If traded back to the bottom of 1589, then it will open up opportunities to penetrate the 1577, before continuing to 1560-1564 and 1532-1535.

However, if the later gold broke 1610, it will delay the attenuation and trigger new targets in 1622-1625. We prefer to look forward to at least one experiment to 1560, and then progressed to 1532-1535 before prices turned bullish. Salam Success!

Author: EW Benny – Technical Analyst based in Dublin, Ireland

Market Review of The U.S 03 May 2012

The Euro weakened for the third session of the dollar on Wednesday after a bad return data Europe turn the anxiety about a slowdown in the region towards the more general elections in France and Greece.

Gold tumbles as the decline on the stock exchange and other commodities, following private sector employment data AS disappointing and weak physical demand, crude oil also fell over the supply of U.S. crude oil climbed to the highest level in more than 20 years. Wall Street managed to recover from the downturn at the beginning of the session for ditutip mix, but anxiety about the weak ADP data made investors stay cemasn ahead of Friday's NFP data.

Economic Data today is AIG services index of Australia, non-manufacturing PMI from China, nationwide HPI, Halifax HPI, services PMI from the United Kingdom, the PPI of the European zone, the decision of interest rates and the ECB press conference, jobless claims, ISM non-manufacturing PMI from the US, as well as the reports of earnings from GM, Kraft, AIG, and LinkedIn.

EUR/USD closing 1.3161, high, low, 1.3241 1.3124 XAUUSD C:1653.20, H:1662.95, L:1646.45, CO-S c: 105.39, H: 106.05 L: 104.91. Dow c: 13204, H: 13252, L:13135.

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Okay, I'm ready. But did I really deserve to become a trader?

Anyone of any background and education as well as your work, not be a barrier to becoming a trader excels. Because basically everyone can become a trader. Ga believe? Let's intip fact.

If you are a student, employee, or a housewife, then there is no harm if the tingle in the minds of the emergence of the desire to earn some extra income. As a student, surely it would be really nice if we could have an income for yourself without having to depend continuously on the whine and parents. For employees, have a side business is a clear added value. You are the last to housewives, it will boast if we had an income for yourself without having to constantly ask the husband and gratitude-gratitude can help the economy of the household, the family received more deh.

If you are a professional or an entrepreneur might on Central running your business, trading as viable business the two. Later you will see in a special chapter about a plus of this trading business.

Market Review of The U.S May 02, 2012

Australia Dollar down sharply after the Reserve Bank of Australia cut its interest rates more than expected as much as 50 basis points. Meanwhile the U.S. manufacturing sector reports and Chinese better than expected pushed crude oil and Wall Street's rise, while the high level of the rectified Golden session as the dollar rally after the release of the ISM Manufacturing PMI report.

Accounting Data today was HSBC manufacturing PMI from China, retail sales, SVME PMI from Switzerland, unemployment change from Germany, manufacturing PMI, jobless rate from the European zone, ECOFIN meeting of United Kingdom, construction PMI, ADP non-farm employment change, factory orders, the crude oil inventories from the US, as well as earnings reports from Comcast, Time Warner, UBS, Barrick Gold, Clorox, CVS, Marathon Oil, MasterCard, Dreamworks Animation, Green Mountain Coffee, Sunoco, Transocean, Visa, and Whole Foods.

EUR/USD closing 1.3237, high, low, 1.3283 1.3203 XAUUSD C:1661.70, H:1671.30, L:1657.25, CO-S c: 105.97, H: 106.43 l: 104.39. Dow c: 13218, H: 13284, L:13105.

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