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The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Jerk. To get the details about this product or if youre looking for support, please visit the official website that can be found at forexjerk.com.

Below are the current reviews of Forex Jerk. It is possible that at the time youre reading this page there are no reviews yet. Because they come from real users, it may take some time for the first reviews to appear. Please bookmark this page and come back regularly to check for new reviews.

If you have experience with Forex Jerk, please leave a short review or comments with your feedback . It will help other users to decide. Thanks!

EUR/USD
Trading range: 1.4475 – 1.4375
Trend: Downward
Sell at 1.4465 SL 1.4497 TP 1.4388

USD/JPY
Trading range: 81.05 – 80.15
Trend: Downward
Sell at 80.95 SL 81.27 TP 80.23

GBP/USD
Trading range: 1.6100 – 1.5990
Trend: Downward
Sell at 1.6090 SL 1.6122 TP 1.6002

USD/CHF
Trading range: 0.8375 – 0.8480
Trend: Upward
Buy at 0.8386 SL 0.8354 TP 0.8470

Today’s Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

03:30 Australia RBA meeting announcement 4.75% 4.75%
07:45 Italy PMI services June 49.4 50.1
07:50 France PMI services June 56.7 62.5
07:55 Germany PMI services June seasonally adjusted 58.3 56.1
08:00 EU17 PMI services June 54.2 56.0
08:30 UK CIPS services index June 53.5 53.8
09:00 EU17 Retail sales May adjusted -1.0% 0.9%
09:00 EU17 Retail sales May adjusted Y/Y -0.6% 1.1%
12:55 USA Redbook 02.07  
14:00 USA Factory orders May 1.0% -1.2%

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +55, total yesterday +113 pips, as shown at our web site. Read more…

This is what Central Banks are effectively saying to the marketplace. Recent actions and comments are starting to show what some of us already know that Central banks alone cannot manage the global economy and the artificial conditions they create only impede and prevent the real economy finding its way.

Overnight, the Bank of Japan did not ease monetary conditions as some had expected in order to attempt to jump start the Japanese economy after yesterday’s report that Japan had slipped into recession.

Earlier this morning, the German Bundesbank said that growth in Germany would likely slow which would mean that the ECB would likely hold interest rates steady and not raise them again for some time.

In Canada, CPI data came in lower than expected, prompting the Loonie to sell-off and the expectation for rate hikes to lessen. In addition, retail sales figures have come in lower than expected which also shows a potential weakening in the Canadian economy.

So what is the world going to do? A

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U.S. stocks will open flat Friday as investors are awaiting today’s ISM manufacturing figures. S&P 500 Index futures are currently unchanged ahead of the open. Today’s main events are University of Michigan Confidence final figures for June expected (13:55 GMT) to be revised up slightly to 72.0 from 71.8 in prior reading. Later U.S. ISM manufacturing figures for June are expected (14:00 GMT) to come out at 52.0 against 53.5 in May as U.S. manufacturing continues to expand at a slower pace. As we have said many times before recently we expect economic data to pick up as move further into the second half as Japan comes back into the game following the earthquake. In Europe, most national indices are up as contagion risk continues to be priced out of stocks. Earlier in the session PMI figures in France, Germany and the U.K. showed business conditions eased somewhat in June and are now very close to 50 which indicates no overall improvement in business conditions. More stock specific, Vestas Wind Systems is up 9.5 percent in Copenhagen trading following a huge contract with EDF.

***Economic Data***

– (CH) CHINA JUNE NON-MANUFACTURING PMI: 57.0 v 61.9 PRIOR (update)
– (AU) AUSTRALIA MAY BUILDING APPROVALS M/M: -7.9% -0.5%E (4-month low); Y/Y: -14.4% V -5.6%E
– (AU) AUSTRALIA MAY RETAIL SALES M/M: -0.6% V +0.3%E (7-month low)
– (AU) AUSTRALIA JUN ANZ JOB ADVERTISEMENTS M/M: +3.7% V -6.5% PRIOR (16-month high)
– (AU) AUSTRALIA JUN TD SECURITIES INFLATION M/M: 0.0%V 0.2% PRIOR (lowest level since Oct 2009); Y/Y: 2.9% V 3.3% PRIOR
– (NZ) NEW ZEALAND JUN ANZ COMMODITY PRICE M/M: -1.2% V 0.4% PRIOR (first decline in 10 months)
– (JP) JAPAN JUN MONETARY BASE Y/Y: 17.0% V 16.2% PRIOR
– (UK) UK JUN LLOYDS EMPLOYMENT CONFIDENCE: -50 V -52 PRIOR
– (KS) South Korea JUN FX reserves: $304.5B v $305.1B prior (3-month low)

***Markets Snapshot (as of 05:00GMT)***
– Nikkei225 +1.2%
– S&P/ASX +0.7%
– Kospi +1.1%
– Taiex +0.7%
– Shanghai Composite +1.8%
– Hang Seng +1.8%
– S&P Futures -0.1% at 1,333
– Aug Gold +0.8% at $1,494/oz
– Aug Crude +0.5% at $95.40

***Overview/Top Headlines***
– A close vote in support of additional austerity won by Greek PM Papandreou last week may have dodged July insolvency but could still face a technical default under the terms defined by credit rating agencies. Read more…

Yesterday’s July 4th holiday here in the US represents the best of the American spirit, commemorating a time when the individual spirit triumphed over the collective tyranny of a government unresponsive to its citizens. The ensuing revolt granted citizens of this country freedom unknown to other regimes, and today we are seen as the standard of democracy.

Yet here we are today, some 200 years later, with an oppressive government that is unresponsive to its citizens. Government burdens, excessive taxation and regulation, as well as massive spending have left the individual in a system that is bloated, corrupt, and serving itself.

This Friday will bring the Non-Farm Payrolls Report here in the US, which is expected to show that the unemployment rate is not improving at 9.1%. Excessive government spending and easing monetary policy are actually harming the system and not helping it. It’s time to try something different.

Meanwhile, a Central Bank that is intent on responding to its citizens is the ECB, who are expected to raise interest rates 25bp on Thursday, despite the recent turmoil in Greece. Whi

Read more…

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Pro Cloner. To get the details about this product or if youre looking for support, please visit the official website that can be found at forexprocloner.com.

Below are the current reviews of Forex Pro Cloner. It is possible that at the time youre reading this page there are no reviews yet. Because they come from real users, it may take some time for the first reviews to appear. Please bookmark this page and come back regularly to check for new reviews.

If you have experience with Forex Pro Cloner, please leave a short review or comments with your feedback . It will help other users to decide. Thanks!

Its been quite a profitable week this week on all fronts. My share trades did well, the Forex Morning Trade system generated a profit of 92 points, and my main 4 hour forex system (see right for more details) generated a decent return as well. (I also traded a few breakouts on Wednesday which produced a small profit as well, which you can read about in my previous blog post).

I should mention that despite the fact that the Forex Morning Trade system produced a nice profit this week, I have decided to stop trading this system for now. It has had a few more losing weeks in recent times, and to be honest I am getting fed up of getting up so early every day. So this will be the last time that I report the results from trading this particular system:

I may return to this system at a later date and will still keep on eye on the results, but I am putting it to one side for now.

On to my 4 hour system now, and it found some decent trading opportunities this week. There were two trades in total – one on the GBP/USD and one on the USD/JPY pair.

The first was on the GBP/USD pair on Monday morning.

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USDJPY Analysis. Being contained by 79.58 support, USDJPY rebounded from 79.69, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally would likely be seen later today, and target would be at the upper border of the price channel. As long as the channel resistance holds, downtrend could be expected to resume, and another fall towards 78.00 is possible. Only a clear break above the channel resistance could indicate that the fall from 82.22 had completed at 79.69 already, then the following upward move could bring price back to 81.50-82.00 area.

AUDUSD Analysis. AUDUSD broke below 1.0587 key support, suggesting that the rise from 1.0440 had completed at 1.0773 already. Deeper decline towards 1.0440 previous low would likely be seen after a minor consolidation.

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When I think of something manufactured, I think of something made up. So it is no surprise that when I think about the global economy, it seems like manufacturing should be a more important component. Today we have received a slew of manufacturing reports from around the globe and they all have one thing is common: that they all show declines.

This exemplifies the soft patch that the global economy seems to be going through, though we must wonder if this situation is temporary or a sign of things to come.

PMI data from China, the Euro zone, the UK, and later this morning the all show that growth is slowing. Yet inflationary pressure due to a weak US dollar still has commodities prices near highs.

Read more…