Bank of England Leaves Interest Rate Unchanged at 0 50 - forex trading courses in south africa

Bank of England Leaves Interest Rate Unchanged at 0 50 ~ forex trading courses in south africa

BOE keep interest Rate unchanged

Thrusday , (07/02/2013) around 12 GMT Bank of England announced monetary policy . BOE lefts its key lending rate unchanged at 0.5 % matching with forecast. There has no changed made from march 2009.  Policy makers also maintained the size of the banks program of asset purchases at 375 billion pounds ($587.6 billion). 

After this announcement good bullish pattern seen in GBPUSD counter.

More info for Bank of England Leaves Interest Rate Unchanged at 0 50 ~ forex trading courses in south africa:

USDJPY Technical Analysis on 31st January (updated) - forex trading courses in kenya

USDJPY Technical Analysis on 31st January (updated) ~ forex trading courses in kenya

The Pair is Bearish Now and May Touch 90.50 line

After a big bullish run , USDJPY feeling Strong Resistance @ 91.40 level. Yesterday (30.01.2013) , the pair try to cross the level many times . After GDP data, it certainly falls to 90.80 line but again recover and reach 91.26 level. But from the Thursday morning trades , strong bearish pattern build up on USDJPY counter. The price may reach fibo 76.4 that mean it will touch 90.75 level very soon.

 If Price able to rebound from this FIBO , it may turn to positive again . But if it failure to rebound , it will go towards fibo 100 and may cross 90.50 line .

Trading Strategy :-
SELL USDJPY 91.26 TARGET 90.80, 90.50 , 90.25 SL 91.40

Alternative Scenario:-
BUY USDJPY 91.45 TARGET 91.60 , 91.85 SL 91.25

More info for USDJPY Technical Analysis on 31st January (updated) ~ forex trading courses in kenya:

What Are The Major Economic Indicators that Moves Currency Market Fundamental Analysis - forex trading courses in london

What Are The Major Economic Indicators that Moves Currency Market Fundamental Analysis ~ forex trading courses in london

Most Powerful Economic Figures for Forex Trading

Major Speeches for Currency Market

Forex Market Movements Depends on many factors. It is very much  dynamically changing and volatile market at a time. So that , investors should learn all Basics about forex market before entering in this very risky business. Economic Releases and Speeches of few Important Persons deeply affects forex . Here we discuss about some fundamental Economic Indicators which primarily influence currency trading.

Every Nation or Economic Zone or Regional Economic group release their economic data and conditions time to time.  Some economic News are fundamentally brings major change in the price action and some not affects currency movements in any sense. So traders should have to get specific knowledge about those indicator and speeches which are important for their trading needs.

Important Speeches for Currency Market :-
Speeches from Federal Reserve Bank Chairman (USA) , FED Chairman , Secretary of the Treasury (USA), Speech from BOE etc these all are very much important Speeches in Forex.

Major Economic News & its Impact:-
( Here we only showing High impact indicators )

1. Consumer Confidence Index:
a. USA ( For US $ ):- 
( Retail Sales, Retails Sales Ex Autos, Personal Spending, ) 
High reading mean bullish USD and low reading mean Bearish USD
b. JAPAN ( For Yen Trading ):-
A result above 50 is bullish for YEN and below 50 is bearish for Yen.

2. Interest Rates:-
Interest rates also a fundamental factors for currency movements. Usually , if a nation hike interest rates its currency also get strength . Mean Bullish pattern for that particular currency .

3. Employment :-
a. USA ( FOR USD ):-
( Non Firm Employment Rate, Personal Income , Avarage Hourly Earnings, Avarage Weekly Earnings)
High reading mean bullish USD and low reading mean Bearish USD
b. USA ( For USD ):-
Unemployment Rate ( Jobless Rate ):-
Decrese in Unemployment rates mean bullish USD and Increase of Unemployment mean Bearish USD.
c. FOMC Meeting :-
If it shows hawkish outlook , it will turns bullish for currency otherwise it turns to negative.
c. United Kingdom( for GBP ):-
comments from UK can make short term bullish or bearish pattern . If it shows hawkish outlook , it will turns bullish for currency otherwise it turns to negative.

4. Inflation:-
a.USA ( For USD )
( Consumer Price Index-CPI , Personal Consumption Expenditure, Gross Domestic Purchase Index, CPI for food & Energ )
High reading mean bullish USD and low reading mean Bearish USD
b. UK ( for GBP )
( Retail Price Index, BOE Inflation Later, Core Consumer Price Index , PPI )
High reading mean bullish GBP and low reading mean Bearish GBP

5. Gross Domestic Product ( GDP ):
High GDP rates is good for currency and low GDP mean bad for currency.

( Traders should follow economic Calender to get better results. Economic Calender contains , previous results , forecast and actual results . If actual results better than forecast , it always good and bullish for currency market other wise it turns to bearish . So regularly follow economic calender, which is  hanging in our blog , to get good Profits always. Have a Good Day ! )

More info for What Are The Major Economic Indicators that Moves Currency Market Fundamental Analysis ~ forex trading courses in london:

EURUSD Technical Analysis On 31st January (updated) - forex trading courses johannesburg

EURUSD Technical Analysis On 31st January (updated) ~ forex trading courses johannesburg

EURUSD Hit Double Top and Possible to go Down

"Double Top Pattern" Seen in EURUSD counter at 135.82 line. So it clear that EURUSD has big resistance in this level. And has possibility to go down today towards 1.3510 line. Weekly solid up side movement now end and the pair going to take some correction toward south side.

Trading Tips:-

SELL EURUSD Below 1.3585 TARGET 1.3535 , 1.3510 

x

Alternative Scenario:-

BUY EURUSD Above 1.3595 TARGET 1.3610, 1.3635

More info for EURUSD Technical Analysis On 31st January (updated) ~ forex trading courses johannesburg: