Forex Go!

The Southern Hemisphere is not a bad place to be in the wintertime. That is, when it is wintertime in the Northern Hemisphere. By the time the chilly winds from Baltimore reach the southern tip of Africa they have been warmed by the South Atlantic. Flowers bloom. The sun shines. Gentle breezes glide over the fields and parking lots.

As near as we can tell, South Africa is booming. Driving along the freeways, you’d scarcely know you weren’t in Southern Californiaor Texas. Except that it seems newer and more modern in Johannesburg than it does in LA. Most of the roadsshopsand offices you see in Jo’burg were put up only in the last couple of years. Those in LA date back decades.

But there are a lot of poor people in Africa, more than in California. And some of them are not very good neighbors. At intersections that are particularly favored by hijackers, for example, signs warn motorists to watch out. Razor wire, stretched generously and lazily on the top of walls, reminds the visitor that this is no paradise.

Melbourne, Australia, is equally sun-washed this time of year. But i

Read more…

Today I want to tell you about a profitable expert advisor that you can download for free. Its called Forex Catapult and its been created by Casey Stubbs.

This expert advisor is a 100% automated forex system that is based on Caseys own forex trading strategy, and it has been tested by over 200 traders, and continuously tweaked to ensure that it delivers maximum profits.

If you would like to download this free expert advisor or simply want to find out more, you can do so by clicking here.

EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.3051 and closed at 1.3023. There are no changes in my technical outlook. Price is still in a strong bullish correction phase, slipped above the 200-4 hour-EMA. Immediate resistance, which is also the nearest bullish target is seen around 1.3100/60. Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 but only a clear break and daily close below 1.2800 could end the current strong bullish view.

“It took me several years to become consistently profitable. I had the great misfortune of making a lot of money quickly and thinking that I knew what I was doing. I did not. I lost all the money I had made and a lot more before I realized I had no clue.”   – Tom Alexander Hello:  If you want to play the markets triumphantly, you need to determine the direction of the trade based on the overall trend. Then you need to determine the best location for the entry and the stop.  You must not make a trade that does not meet your exact entry criteria: you require rock-solid discipline to achieve this. You ought to compute the exact amount of risk; the position sizing, safety measures and the target. Trades should not be taken without seriously considering safety measures. Make certain that you are trading the best opportunity available; something that requires more work, some charts to view, etc., but it forces the trader to be more selective, which is very important to long term success. Below is the summary of some of my trading activities this week. AUDUSDPrimary Trend: BullishThe AUDUSD is precariously bullish, which means that the present outlook may be short-lived. A great resi Read more…

While we might like to think that everyone can pursue the dream of being their own boss, setting their own hours, and doing whatever they want- it just doesn’t work for most people. Entrepreneurship isn’t for everyone. Chances are you probably aren’t cut out for it – and there’s nothing wrong with this. Not everyone is cut out to be a gymnast, or a rock star, or an accountant either.

Passion doesn’t necessarily make things that much easier either. Let’s say you love baking cookies so much you quit your 9-to-5 so you could do that for a living. You might make the tastiest, most mind-blowing cookies out there – but how passionate are you about accounting, marketing, management, supplies acquisition, and all of the thousands of other tasks associated with a business? There might even be days you won’t be making cookies at all because you need to work on so many other things. If you think you’

Read more…

With U.S markets closed for Martin Luther King Jr. Day, we have had a slow start to a busy trading week.   No major economic data was released this morning and risk appetite has held up surprisingly well considering the big shocking announcement from Standard & Poor’s on Friday and the rating agency’s decision to downgrade the rating of the EFSF to AA+.   The EUR/USD and many other major currencies took the news in the stride but in our opinion, the stability of the EUR/USD is temporary.   This is a very busy trading week filled with important economic data from many parts of the world. Read more…

The euro tumbled from its highs at the start of European trade on concerns over a possible second bailout of Ireland, but recovered to trade back to the 1.2800 figure as positive risk sentiment carried high beta FX higher. Earlier, the single currency was pressured by the story in the Irish Times which quoted Citibank economist William Butler stating that the Emerald Isle needs a second bailout   to reduce its debt service costs. Mr. Butler was quoted as saying that, “the most attractive option from Ireland’s point of view would be a reduction on the interest it pays on an outstanding €30 billion in promissory notes, issued mostly to deal with the collapse of Anglo Irish Bank.” He said Ireland is paying in the region of 6 per cent on this money but it could be refinanced at 3 per cent by the European Financial Stability Facility.    

As we noted earlier, “Although Ireland has been touted as a poster child for sound economic recovery after it instituted draconian budget deficit reforms and returned back to growth, the latest data from the country suggests that it may be sliding back into a recession. Yesterday Ir

Read more…

This week’s Asia outlook

China’s economy and its relations with the US may be the focus in Asia during this week, as the markets begin to rev up after the Holiday season and into Earnings season.

Investors in Asia await policy-easing moves from Beijing, Chinese inflation numbers may prove Key, as they will offer clues as to how much the central bank can loosen policy without risking a large run-up in prices.

Although the People’s Bank of China has already made some “fine-tuning” adjustments to ease liquidity, the markets will also want to see a further cooling to consumer prices, freeing the central bank’s hand further.

The consumer price index, along with the producer-price index, are scheduled for release Monday, with a China Securities Journal report Thursday citing analysts’ forecast for a Y-Y rise of about 4%-4.1% for the CPI.

If that is the case, it would mark the latest step in a significant climbdown from the 6.5% consumer inflation marked in July, and just below the 4.2% recorded in November.

A day after the inflation data, Us Treasury Secretary Tim Geithner is due to arrive in Beijing, and is set to meet with Premier Wen Jiabao Wednesday.

On the agenda will be the trade tensions between the World’s Top 2 economies, including China’s continuing trade surplus with the US, as well as co-operation in dealing with Iran’s nuclear program.

A US Treasury Department statement released ahead of the trip said Mr. Geithner will “disc

Read more…

Canadian dollar is advancing on good economic news out of the US. According to the Bureau of Labor Statistics in the US, 120,000 jobs were added. This news is good for Canada, and the loonie advanced accordingly.

Because the US is Canada’s largest export market, the news that the employment picture is improving in America is positive for the loonie. It’s also helpful that US consumers seem ready to open their wallets this holiday shopping season, boosting their spending.

Canadian dollar is also benefitting from a general improvement in risk appetite. The situation in Europe looks as though it’s moving toward recovery — at least for now — and that is helping. Equities in the US are higher on good news. If the US economy recovers, Canada is likely to benefit.

Also contributing to Canadian dollar strength are higher oil prices. The US gets most of its oil from Canada, and the resource is a source of revenue for Canada. Higher oil prices generally help support the loo

Read more…

Unless you’ve taken some courses on handling finances, there is a chance that you may not be aware of a few of the key points about budgeting, managing your money and planning for the future. While a lot rests on common sense, there are a few techniques that everyone can use to correctly manage their finances and stay on top of their bills. Let’s look at some of the best tips that you can put to use right now.

1. You need to pay yourself a salary.

Sounds a little odd, doesn’t it? However, setting aside a portion of your income every month that will go into savings is one of the first steps on the road to financial security. The best amount to put aside is 10% of your gross earnings each month, but this may not always be possible. Try to get as close to that number as possible and watch your savings grow!

2. Always have money in case of an emergency.

The problem with emergencies is that you never know when they will happen. From

Read more…