Forex Go!

The EURUSD attempted to push higher this week, topped at 1.3536 but closed lower at 1.3391. While weekly and monthly chart don’t give us much clue, daily and h4 chart still suggest a bearish outlook. Price is still in a bullish correction phase since bounced from 1.3211 last week, moving inside a bullish channel as you can see on my h4 chart below but formed a double top formation (1.3520/30) and fell back below 1.3420 support area after the NFP on Friday. For the upcoming week, 1.3520/30 and the EMA 200 should be important resistance to be closely watched. A clear break and daily close above that area could continue the bullish correction testing 1.3613 even higher. On the downside, a clear break below the bullish channel and 1.3300 – 1.3270 support area could end the bullish correction phase testing 1.3145 even lower.

Have a great weekend and see you guys next week.

If you want to repair your credit quickly, there are a number of things that you can do to fix up your credit report. In general, there are some things on your credit report that really drag your credit score down. This is a look at the seven worst possible things that you can have on your credit score, as well as an explanation of why removing them will allow you to repair your credit quickly.

Most of us are already aware that some things on our credit reports are more dangerous than others. For example, going through a foreclosure or bankruptcy can cause your credit report to be scarred, and can force your credit score to plummet. Surprisingly, there are five other things that can have the same effect without you actually knowing it. Because lending institutions and banks that issue credit can use your credit score in order to evaluate who you are as a borrower, it is absolutely vital that you ensure that none of these entries ever appear in your credit report.

1 – Foreclosures.

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The Great Britain pound closed higher against most of the major currencies, including the Japanese yen, the euro and the Swiss franc, though fell versus the US dollar, as the ongoing debt issues in the European Union made traders to consider the sterling something like a refuge from Europe’s problems.

The UK stocks rose for the first time in 10 sessions. The FTSE 100 Index advanced 0.7 percent. The yield on the gilts maturing in 10 years increased 14 basis points to 2.30 percent.

The minutes of the Bank of England monetary policy meeting released on November 23 were rather dovish. The Monetary Policy Committee members voted unanimously for keeping the main interest rate at the record low 0.5 percent and the asset purchases program at £275 billion. Some policy makers even proposed an additional stimulus to help the economy that is clearly faltering.

GBP/USD dropped from 1.5495 to close at 1.5432, while GBP/JPY was up from 119.47 to 119.94 and touched the high of 120.44 intraday. GBP/CHF closed at 1.4353, higher than the openin

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The EUR/USD soared at the start of North American trade on reports that Germany may be ready to lend to the IMF which would then provide those funds to the ECB so the central bank  could use the capital to support the region’s struggling sovereign debt markets. According to reports, if a consensus is reached, a deal could be struck as early as the EU summit on December 8th.

Although this speculation is far from confirmed, the IMF/ECB deal would be able to sidestep many of the structural impediments that have prevented the EZ authorities from acting more assertively so far as the credit crisis continues to spin out of control. Most importantly such a a deal would avoid the political risk of trying to amend the EU treaty which would not only prove problematic but may also take a considerable amount of time. Th

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Italy seems to have gone too far. Its 10-year bonds yields are back over 7%. It is “the beginning of the end” say analysts.

But the end of what?

When the going is good people have little patience for questions. They are too busy, earning and spending, buying and selling, and getting where they are going. But then comes a major turnaround, all of a sudden, and they develop the deep torments of a retarded poet in an unhappy marriage.

‘What really matters?’ they ask themselves. ‘And what the hell am I doing here?’

In the US, the “War Between the States” settled the matter. “We will agree to have a single, centralized state,” said Abraham Lincoln, or words to that effect, “or we will kill you.” Later, the federal income tax, the direct election of senators (which ended individual states’ participation in the federal government), interminable meddling, and numerous Supreme Court decisions further enlarged the power of the central government at the expense of “states’ rights.”

In Europe, several times, centralization was attempted. In his article in The Financial

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Ive recently received an email from ZuluTrade telling me about an important development with regards to their signal providers. It looks like they are trying to improve the overall quality of their signal providers, and therefore help their customers generate more profits.
 
As you may know, the signal providers get paid a small commission per trade per subscriber. So therefore if they are successful, they will attract more subscribers who wish to have their signals auto-traded in their account, and therefore they will make more money.
 
However ZuluTrade have decided to punish those providers who try and generate lots of trades just to make more commissions. Th

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The recent economic slowdown has put a damper on a number of small businesses’ growth ambitions. Even entrepreneurs have been forced to postpone their aspirations in light of limited credit availability and a dearth of qualified job candidates.

More importantly, business sales continue to wane. The National Federation of Independent Business’ monthly Small Business Optimism Index has routinely shown a lack of sales as the leading cause of weak employment and limited inventories.

This is especially problematic for retailers, who have been forced to align their inventories with constantly fluctuating market demand and tepid consumer sentiment.

“The trick is figuring out how much to order so far ahead, especially with the economy stuck in sleep mode,” explains Carol Tice for Entrepreneur magazine. “If you order too much, you’re stuck with pitching money-losing closeouts in January. If you don’

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What a week it has been in the currency and equity markets. After selling off aggressively on Wednesday, both currencies and equities ended the week on a very strong note which has instilled hope and optimism in a market desperate for good news.  It was only a few days ago that Italian bond yields spiked above 7 percent and at the time, there appeared to be no end in sight for the European sovereign debt crisis.  Today, the sentiment in the market is very different.  U.S. stocks erased all of this past week’s losses with the EUR/USD coming close to doing so as well.  The recovery was sparked by some much needed leadership change in Europe.  Greek Prime Minister Papandreou has caused more trouble than he is worth and Berlusconi, the longest serving Italian Prime Minister since Mussolini has been a larger part of the problem than the solution.  Both Read more…

The latest developments in Greece indicate that Prime Minister Papandreou will step down from his post irrespective of the results of today’s no confidence vote. However, the two main parties in Greek Parliament are expected to ratify the EU bailout agreement struck in Brussels last week paving the way for EU and IMF to provide the sixth tranche of funds to Greece before it runs out of funds by the start of next month.

While the situation in Greece remains fluid and may yet again become volatile as politicians jockey for position, the markets are operating under the assumption that the Greek bailout deal will go through thus avoiding the prospect of  a disorderly bankruptcy and a possible currency crisis in the Eurozone.

As the Greek situation moves towards some sort of resolution the focus next week and beyond is likely to  turn towards Italy.  Investors have been increasingly concerned  about the rise in Italian 10 years bonds which has traded above the 6% level for the past several weeks. Italy

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