USDCHF Outlook: BEARISH
Yesterday, Swiss CPI (consumer inflation) data for September was released and was lower than expected, coming in at 0.0% m/m and -0.9% y/y. The forecast was for + 0.1% m/m and -0.8% y/y. Today's unemployment report for September showed a jobless rate of 4.1%, in line with expectations, but slightly higher than the August jobless rate of 4.0%.

The USDCHF has been trending down since March.
This has mostly been a result of negative dollar sentiment, as opposed to CHF strength. The inflation news was a good example of this interplay, with FX traders reacting by driving the pair to daily lows of 1.0237, even though the news was CHF negative. The EURCHF traded more predictably, edging up on the news to above the 1.5100 mark.


The inflation report does not favor FX market speculation about a Swiss National Bank short-term interest rate hike. This should in theory put downward pressure on the Swiss franc in the medium term and push the USDCHF higher.



However, in the near term, there still appears to be considerable pressure to sell the USDCHF. The outlook for the US dollar continues to worsen, which leaves the CHF, a former safe haven currency, as the preference for FOREX investors. Traders are providing short-term support for the USDCHF at 1.0182 and longer term at 1.0135, and short-term resistance at 1.0455 and longer term at 1.0685.

Forex broker summary
Looking ahead, the USDCHF currently appears to be fairly comfortable in the 1.02 range, but USD volatility will drive the pair in the short-term. Since the short-term sentiment for the dollar is negative, the short-term outlook for the USDCHF is bearish.

Forex news for November
The US economy is likely to recover faster than other economies because unlike other central banks, the Fed more than a year ago began lowering interest rates, which punished the dollar. Now it could be a positive, as other central banks catch up. In the U.S., "a lot of the heavy lifting has already been put in the pipeline," says Stephen Jen, global head of currency strategy at Morgan Stanley, in the WSJ. "The same cannot be said of Europe." The same old reasoning still applies: The U.S. is still regarded as being able to weather a recession much better than the euro-zone.

Given the rapid rise in the dollar in synchronization with the escalation of the global financial meltdown and tightening credit markets, it stands to reason that as credit and stock markets stabilize so too will the dollar. This means it will give back some of its gains, but should be able to maintain current levels well into next year. If the government implements much needed long-term regulatory reform and adopts a more fiscally conservative policy once the economy has recovered, then there is a chance that the US dollar could maintain its strength for a number of years to come.

Forex broker should know
Looking at the weekly chart of the EURUSD below, we can see by the RSI indicator that the pair is highly overbought by FX traders, indicating that in the next few weeks, we should see some euro weakening and dollar strengthening.

My Dissects Today's US Economic News

Initial jobless claims are reliable leading indicators of the labor market. 
In the past, the trend in jobless claims has closely tracked the trend in hiring,
with a low level of claims generally indicating job gains and a high level of claims indicating job losses.
History has shown that jobless claims need to reach the 400K level before payrolls can stop declining. 
That said, jobless claims need to fall about 150k from their current level before we can expect a cessation of payroll declines.
It appears as if we still have a long way to go, as claims have been decreasing rather slowly.
I expect jobs to continue to bleed, but at a slower pace over time.  Having established the importance of jobless claims, let's take a look at the numbers that came out today at 12:30 GMT.  The weekly jobless claims report was expected to actually show an increase of 3,000 jobless filings over last week, from 545,000 to 548,000, which is not a very good sign for the US economy.  However, FX broker traders saw a positive surprise, showing a decrease of 15,000 filings to a total of 530,000. This gave some more support to the economic recovery theory.  The EURUSD went up on the news, but failed to break the short-term resistance level, indicating that the news was somewhat shrugged off by traders.  It also indicated that risk-sentiment continues move the FX markets, as demand sways away from the safety of the USD on news of economic recovery.

July existing home sales effect the forex market
Moving to July existing home, a gain would mark the fifth in a row, providing further evidence the housing market has bottomed and is gradually turning around. Housing starts are up 46% annualized in Q3 relative to the Q2 average.  The July existing home sales being reported today at 14:00 GMT are expected to show an increase of 120,000 over June.  A validation of this increase with the actual figure will be positive news for the US economy.  I expect that July will indeed show an increase in housing starts.  As we hypothesized about the risk-sentiment phenomenon above, if the theory continues to hold true, the dollar should weaken further, especially if existing home increase more than expected.

UK CPI Report

Tuesday, September 15th 2009 08:30 GMT

The monthly UK CPI report is a monthly report that measures inflation over the last year (y/y) and month (m/m).
The UK CPI report has come under greater scrutiny among Forex traders as the market has become critical of the
work being done by the Bank of England (BoE) and there is a belief that their monetary policies are mortgaging
the future of the UK economy. On one hand, the BoE is assisting the UK economy by providing much needed
stimulus to provide a buffer for falling home prices and the prolonged manufacturing slump. However there is worry that the actions may lead to high inflation rates as the BoE continues to print money to fund the stimulus.

Bank of England successful actions

Therefore, for the BoE’s actions to be considered successful, Forex investors want to see better than expected economic
growth numbers, but also low inflation. The CPI report is the ideal measure for the BoE, as positive inflation relates that
businesses are able to sell their goods for higher prices (and potentially higher profits), and we also get a read of overall inflation.
In August, the pound strengthened considerably, as the year-over-year number was a better than expected 1.8% (1.5% consensus).
The BoE has a target of 2% inflation that Forex traders didn’t believe was close to achievable, therefore, when the August
report was 1.8% it led to a sharp rally in the pound.

Forex traders

Looking ahead, Forex traders continue to believe inflation is dropping in the UK and preliminary estimates are
for a 1.4% increase, which is below last month’s, but also below last month’s forecasts. We believe that there remains
a strong possibility that the CPI will be better than expected. The belief is based on the fact that the BoE elected not to
expand their quantitative easing policy in last week’s MPC meeting. This differed from the previous month when they did
expand their QE program. The change of the bank of englnd, may be based on their reading of inflation and that further
stimulus wasn’t needed to be near their 2% inflation goal.
Technically, the GBPUSD has strong support at 1.6500 and very little resistance back up to last week’s highs
of 1.6740(see chart). If 1.6500 doesn’t hold, downside risk is to the 1.6425 level before the next short term
support is situated.

It's not that you come up in the morning and say "What is it About Forex?"
Forex trading used to be the realm of large financial institutions, corporations, central banks,
hedge funds and extremely wealthy individuals. The rise of the internet has changed all of this,
and now it is possible for private clients to buy and sell with a single click of a mouse and be a part of the biggestmarket in the world.

Foreign exchange, known as forex, is the largest and most liquid financial market in the world. 
Unlike the stock markets that are open 9 hours a day five days a week, the forex markets are traded 24 hours a day, five and a half days a week.  More importantly, profits can be made not just when currencies rise, but also when they fall.  The best way to get a feel for forex trading is to open a demo account. 

Forex broker first step
A demo account enables you to try out forex trading using fictional money, but trading real prices.  Another advantage of the demo account is that helps you become familiar with the trading platform, charts and concepts of forex trading.  Once you have enough experience with a demo account, the next step is to open a real account and begin actual forex trading.  A real account is opened with a forex broker, who should be regulated, and cash is deposited in the account.

Lets stat a broker competition!
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How much you did Fore a day trade.

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Information can help you to make more money

All forex broker need to read and update this is the only way to trade forex, the USD : SGD. According to Switzerland economists, it's going to lift mildly at least up to 1.52 in the near future

 Forex broker today review - Tokyo CPI - Because of higher food prices, higher crude oil prices and slightly higher core inflation

Good day for the forex market USD-PKR: The Dollar climbed against the Rupee to 80.449, and froze versus the HK Dollar.

At  Washington concludes this can gain  the household and kitchen appliance very  importers throughout North America, because to companies from Turks and Caicos Islands entering the local markets this is your oopertunity.

see more for advance brokers -
http://www.danskebank.com/danskeresearch

What do you know about the Big Ban?

The Big Ben is in London England

If you are at London you can use the nearest London Underground to rich.

Or you can go from Victoria central station.



Happy birthday !

The bell is original from an old castle  neer Westminster,

Forks on the Internet what it is?

there is no doubt that Forex is הח now! Thank you to the Internet revolution has caused the world and especially in the forex. Before the internet age who was thinking that he could a person can sit at home doing forex trading , not even robber Write to the day we can all be Forex brokers (merchants Forex professional) have never had access to information and platform trade. The Forks is usually On - line works 24 hours. Forks platform is mainly שבזכות possible for customers to buy foreign currency online. How to buy through the net? By credit card or bank deposit options can be really easy to sell to buy more foreign currencies.

forex Software open to everyone and there are also centers Phones, We'll post here למשקיעים many opportunities and can begin to understand what we are talking about.
Forex stockbroker can start with any amount you think you are and thus make sure you can spend a large sum, and with exertion while you spend a small amount more. That minimum relative security and security market. The system provides information in real time on any Exchange Forex world! Security this morning saying that all foreign currency could limit potential losses in advance.

 

 

 

While Forex trading becomes more popular, a significant majority of investors still do not understand the massive advantages offered in the market foreign currency trading in shares compared to standard or a fixed salary.
Knowledge of the total market size and quantity of opportunities that it offers perhaps you will again consider the current investment strategy for your currency directly.



It is worth the risk.
Currency prices are not as vulnerable Stocks
stocks, have a limited amount of "volume" on a daily basis. The reason is that every stock has a specific number of shares in the open market. The prices in this market are determined by the number of people trying to buy or sell shares during certain. This makes the market vulnerable to price fluctuations big trying to buy or dispose of large quantities of shares. Forex market from the other side is so huge and so many investors that he was less vulnerable to the forces of one investor.
Lower security requirement Forex
While the stock market every stockbroker determines the allowable amount of security, restrictions Forex market usually less rigidity. This gives flexibility ,currency trading  greater opportunity to reach spaces. There is huge potential for profit and this is one of the reasons that Forex trading is very tempting  serious.

Forex is open 24 hours a day
currency market is open at any time, any place Monday to Friday. Forex contrast, if a new breakthrough during the holding of shares, can work hours to market open. Until then, there are thousands of invitations to purchase / sale Hmhkot open market, which has had a dramatic influence on the price. Since Forex and Trade is open 24 hours a day can be run immediately when important event occurring.
Trade currencies from all over the world shares more liquid
Forex market is the largest in the world, so there are always buyers as sellers are better to get a fair and accurate price deal on trade in violation of a small volume of stock, which Hhfrshim between the proposed purchase and sale can be quite large.

Forex trading offers the benefit limit risk

When you buy shares committed to buy or sell a specific quantity of a certain product during a certain price and certain. This means that, what happens if a disaster may lodge position to bear heavy losses. This type of scenario does not apply because currency trading position and leave at any time.



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Let me tell you some fact about forex....

Forex Market Definition

All forex broker can tell you about market which is defined as the sales and purchases of goods. The action of buying and selling common trading frut market in NY, on the stock exchange of goods anf fish, room deals Forex. the only change of those places is the  kind of character the sale, who their colors, but all of them buying and selling.

History

Forex market is one of the first markets among all markets, it start with the first forex broker that  funds on various types, born beginning in ancient times. For many years Forex market was posible only for main banks but the graw and development into one of the biggest markets, brockers information to participants such as investment funds , brokers companies, private institutions and individuals.

Currencies

Foreign currency market for exemple Forex market, is called in French Forex, abbreviation of Foreign Exchange, and it stay more than a hundred different currencies. U.S. rate involved approximately -83% of all deals and form 95% of the total replacement deals. the most popular most currencies after the rate they Euro, Japanese wine, Hlira British Swiss Franc.
The euro is the currency in the second importance Forex market with share of 37%. Japanese wine 24%, Hlira sterling 10%, 7% Swiss Franc Australian Dollars Canadian 3% each. The most interesting is ה"א confiscated coins "that are not considered major. Share deals with the currencies are going to the 8% we find a steady בעלייה. The result, as reflected above, the data points to the predominance of the euro rate against the currencies Forex dealings different. Of all the transactions made against the Canadian rate, 98% of them are facing the front or the Euro rate. 97% of total transactions are Australian dollar rate against the Euro, in front of the wine 97%, against the Swiss Franc 95% 93% ומול Hlis"t.

Features

The forex  marketis for brokers and  is a big financial market in the world: daily trading volume approaching 3 trillion dollars (3.000 billion dollars), more than 50 by the blower on the stock exchange daily trading New - York. According to the current pace of growth of activity in the market Forex, Trading Hikfi are expected to grow into 6.5 trillion dollars in 2005. Hikfi commercial shit these, the Forex market Hmknim the title of "world's largest market," among others are affected by a row of Commerce and other characteristics of the market . Trade cycles ruls divided into two groups: transactions required for the purpose of payments for trade - foreign investment transactions (speculation). Some - 95% of the total cycle is for the purpose of investment! Continuously above the specified liquidity is limited to non-unique features are very meaningful commerce and all active in the market itself.

YOU can be a forex brofer as well come here and read my blog!