Month: April 2012

Source: ForexYard

The Euro made its biggest gains against the U.S Dollar during Friday’s trading due to an unexpected rise in German business confidence, resulting in investors leaning towards riskier assets.

The single currency also appreciated versus the Japanese Yen as there is speculation that the International Monetary Fund will increase its lending capacity to help keep Europe’s debt crisis at bay. Elsewhere, the British Pound saw gains over the the greenback for a fifth day after positive Retail figures whilst the Canadian dollar also appreciated as a result of an increase in consumer prices.

The 17 -nation currency rose 0.6 percent to the level of $1.3215 and briefly reached $1.3225 which would be the highest level since the first week of April. The Euro also rose 0.6 percent against the Yen, whilst the Asian currency showed little changes against the U.S dollar.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Article by Investment U

If Argentina is willing to nationalize its leading oil company, YPF, which company (or companies) is next?

Ever wonder what happens when greed meets stupidity in the stock market? For a profound example, take a look at the recent free fall in Argentina’s largest oil and gas company, YPF (NYSE: YPF).

The country’s President Cristina Kirchner recently took a watershed step in expanding the state’s grip on the economy, saying she will send a bill to Congress to nationalize the firm.

Predictably, shares of YPF – and other Argentine stocks – gapped down on the news.

Kirchner declared that this historic move must be made because the petroleum industry is of “national public interest.” Of course, what industry isn’t? Banking? Telecommunications? Manufacturing? Agriculture?

Kirchner insists that YPF’s low production is forcing the country to spend heavily on imported energy at a time when it is experiencing a scarcity of dollars due to capital flight. And why is Argentina hemorrhaging capital? Because of boneheaded moves like this one.

YPF’s majority shareholder, Spanish energy group Repsol, is not taking this theft lying down. The Madrid government has threatened swift retaliation. And Spain’s Prime Minister Mariano Rajoy stated the obvious when he said the Spanish company’s controlling stake in YPF – which Repsol was planning to sell to China’s Sinopec – was being expropriated “without any justification.”

Given that most successful developing nations are privatizing industries rather than nationalizing them – and given that investment capital always flows where it is treated best (and conversely flees those countries where it is treated badly) – why would Kirchner do this?

One answer is stupidity. The other is hubris.

There is absolutely no reason to think that a bunch of politicians and bureaucrats – or their appointees – could run YPF better than Repsol, one of the world’s leading energy groups. (Just as there is no reason to think the U.S. government can do a better job than private equity groups of backing speculative solar companies like Solyndra.)

And if Argentina is willing to nationalize its leading oil company, which company (or companies) is next? Here’s a potential hit list, 17 Argentine companies that trade on the NYSE or Nasdaq. If you’re holding any of them, sell them immediately.

The tragic part of this power grab – which has undeniable populist appeal in some quarters – is that it will only undermine investor confidence and do lasting damage to the Argentine currency, the Argentine economy and, ultimately, middle-class Argentinians.

This move is not just greedy. It’s profoundly dim. But then, Ronald Reagan said it best:

“The best minds cannot be found in government. If they could, the private sector would hire them away.”

Good Investing,

Alexander Green

Article by Investment U

Article by Investment U

Simply put, bar charts provide a visual representation of the price activity over a given period of time. And it may be the most commonly used chart for us in the Western world.

Unlike line charts, they include all four prices for each day. It gets its name because each day is represented by a vertical bar, which goes all the way from the low price to the high price.

The opening price – coming into the day – is a short horizontal line called a tic, which is drawn on the left of the bar and coming into the bar. At the end of the day, the closing price is represented by a tic leaving the bar to the right.

Here’s an example:

You create a bar chart by plotting a series of such bars across it. Each bar makes up one trading period. To create a bar, you simply need to plot the high and low prices of a trading period and then connect the two points using a vertical line.

The Value of Bar Charts

The bar chart gives you the ability to see whether a stock has gained or lost value between the opening and closing market sessions. If the tic on the right is located higher than the tic on the left, you can imply that the value has climbed between the open and close of trading. This works for the opposite, also.

While you’re processing that, you can take a look at the distance between the day’s high and low and see how much the security fluctuated during the trading for this period. The longer the line, the more volatility – and vice versa.

The purpose of the chart is to create a predictive tool. If a stock closed on a high, for instance, the tic on the right would be located at the top of the vertical line. So if you were mainly interested in short-term gains, you might assume the odds are that the stock is likely to continue rising as soon as trading re-opens.

Yes, you’re gambling – but this is the stock market. The bar chart’s function is to provide you with more information to make a more educated decision.

We can also use this information to identify trends. If the price of a share rose during a specific period you were focusing on, then it means that investors were bullish. If the price lost ground during the period, then investors were bearish.

Always take into consideration that this is one of many tools you can use depending on your investing goals.

Good Investing,

Jason Jenkins

Article by Investment U

Article by Investment U

Fundamental analysis focuses on the company's fundamentals. Technical analysis is primarily concerned with the price movements in the market.

When you’re making the attempt to analyze securities and make investment decisions, the strategies you use will most likely find themselves in two very broad categories: fundamental analysis or technical analysis.

Here at Investment U we stress fundamental analysis as the most important strategy. Take a look at the company’s DNA – financial statements, their industry, management and other characteristics of a company – so you can try to estimate its intrinsic value. It’s the fundamental focus on the company itself.

Technical analysis takes a completely different approach, but sometimes an important one nonetheless; it doesn’t care one bit about the “value” of a company or a commodity. Technicians or chartists (a term we will explore more) are primarily concerned with the price movements in the market.

What a “chartist” is really looking at is the supply and demand in a market in an attempt to determine what direction, or trend, that company or commodity will continue going forward. In other words, technical analysis attempts to understand the emotions in the market by studying the market itself, as opposed to its components.

If you’re aware of the pros and cons of technical analysis and the types of charts they use, you will then have a new tool at your disposal no matter what your end game is in investing in the market. So let’s see what these charts are and how they’re used by first looking at the simplest.

Line Chart

What you’re probably most familiar with are the typical graphs you see on CNBC, Fox Business, Bloomberg and most other financial programs or business newspaper sections: the line chart.

The line chart is one of the important kinds of technical analysis charts but only represents the closing prices over a set period of time. It doesn’t provide visual information of the trading range for the individual points such as the high, low and opening prices. This type of chart is particularly useful for providing an illustration of the trend of a stock’s price or a market’s movement.

For many this is enough information. They just want to see the closing price trend over a certain period of time, and maybe make a decision to buy or sell aware of that information. However, chartists have taken the simple graph to new measures as to what and how much market information a chart can actually provide.

How Much Info Can You Put in One Graph?

Over the next week, I’ll be showing you some more advanced charts that many traders use as predictive tools. You may have seen them or have been referred to them but didn’t have enough understanding as to what they’re actually attempting to accomplish. There are a number of traders out there privy to this information and understanding and you should be, too.

I’ll be taking a look at:

• Bar Charts
• Point and Figure Charts
• Candlestick Charts
• The new revolutionary J-Charts (which attempt to take market action off the x and y axis and make it an energetic system) 

Good Investing,

Jason Jenkins

Article by Investment U

Source: ForexYard

Crude oil prices appreciated during Friday’s trading after figures showed that business confidence in Germany, the Euros strongest economic nation, has increased more then expected.

German Ifo Business climate index, based on a survey of 7000 business executives,climbed to 109.9 from March’s figure of 109.8.

Despite the commodity showing gains for the first time in three trading days, its possible that crude could experience some downward movement during next weeks trading on worries over the slowing U.S economy,which in turn, would reduce the demand for crude oil amongst other commodities. The latest developments in Iran could also have an impact on crude prices amid speculation that tension with the Middle East nation will ease.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

London Gold Market Report
from Ben Traynor
BullionVault
Friday 20 April 2012, 08:00 EDT

SPOT MARKET gold prices traded as low as $1640 an ounce – less than 1% off the previous day’s high – during Friday morning’s relatively flat London session.

European stock markets were also broadly flat, as were commodities, while government bond prices ticked lower.

“Overall, the price action since the February high of $1790 has been quite weak,” says the latest technical analysis from gold bullion dealing bank Scotia Mocatta.

“We would expect liquidation selling of gold below $1600. We do not see fresh buying emerge until we can reclaim the $1700 level.”

“Gold prices have been well supported since 2009 by the rapid expansion of central bank liquidity,” adds the latest research note from commodities analysts at French investment bank Natixis.

“Nevertheless, with the gradual recovery in the US economy beginning to call into question the need for additional quantitative easing from the Fed, gold prices have failed to improve upon their September 2011 peak.”

US Federal Reserve policymakers are due to announce their latest monetary policy decisions next week.

Heading towards the weekend, Gold in Dollars was down around 0.8% on last Friday’s close by lunchtime today in London – while the gold price in Euros was off 1.8%.

Silver prices meantime hovered around $31.85 per ounce Friday morning – 0.9% up on the week.
Data published Thursday by the Silver Institute show strong growth in physical silver investment last year – although other forms of investment, such as ETFs, saw declines.

The International Monetary Fund is aiming to “increase the pot” of money available to respond to stresses caused by the Eurozone crisis, IMF managing director Christine Lagarde told Bloomberg Thursday, ahead of today’s G20 gathering as part of the IMF Spring Meetings in Washington.

A total of $320 billion in additional contributions has so far been pledged, Lagarde said.

“I have currently commitments from the Eurozone, Japan, from the Nordic countries, from Switzerland,” she added.

“[This] is not the final ask…it is a step on the way. We are looking for a much more critical mass before the end of the week.”

Non Eurozone leaders have repeatedly urged European governments to do more to combat the crisis, including reducing deficits. There are also calls for the IMF to adjust member countries’ quotas – which determine their maximum level of contribution, voting power and access to IMF loans – to recognize the greater importance of emerging economies.

“Quote reforms should not be delayed,” said India’s finance minister Pranab Mukherjee.

“We are not ready to set a figure [on IMF contributions],” added Brazil’s finance minister Guido Mantega Thursday.

“There are preconditions that have not been fulfilled by [European] countries…some countries are not very enthusiastic about the IMF reforms. They are much more enthusiastic about asking for money rather than moving forward with the quota reform.”

“At this critical juncture,” said Bank of Japan governor Masaaki Shirakawa, “we need aggressive monetary easing. That’s without question.”

Here in the UK, Bank of England Monetary Policy Committee member Adam Posen has denied he was ever “an automatic vote” for more quantitative easing.

At this month’s MPC meeting Posen voted to keep asset purchases at their current level – having voted to raise QE at 15 of the previous 18 meetings – minutes published Wednesday show.

“When I forecast [in March 2011] 1.5% inflation and trending down for summer 2012,” writes Posen on the Independent website, that was when some MPC members were voting to tighten policy and no one else was voting for additional ease.”

“Of course,” he adds, “the inflation forecast is higher now than it was then precisely because rightly we did more QE.”

UK consumer price inflation was 3.5% last month – up from 3.4% in February. Posen told London’s Evening Standard Thursday that the MPC is taking this uptick in inflation “very seriously”.

UK retail sales meantime rose 3.3% in the year to March – a jump from February’s 1.0% year-on-year figure – according to official data published Friday.

The Pound rose to its highest level since November against the Dollar following the retail sales release – while Sterling gold prices dropped 0.7% to £1018 an ounce, close to four-month lows.

Ben Traynor
BullionVault

Gold value calculator   |   Buy gold online at live prices

Editor of Gold News, the analysis and investment research site from world-leading gold ownership service BullionVault, Ben Traynor was formerly editor of the Fleet Street Letter, the UK’s longest-running investment letter. A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics.

(c) BullionVault 2011

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

By TraderVox.com

Tradervox (Dublin) – The German IFO survey has revealed a changing business climate in Europe. The IFO business climate rose to 109.9 against a projected decline to 109.6. The previous reading was at 109.8. The publication of the report caused the EUR/USD pair to increase to 1.3179. The pair was trading below 1.3165 yesterday.

The 17-nation currency rose by 0.57 percent against the yen after gaining for three consecutive days. Another factor that leads to the increase of the euro against the yen and dollar is the release of German PPI, which was beyond expectation hitting a YoY high of 3.3 percent and MoM came at 0.6 percent. These figures indicate acceleration in the rate of inflation. The previous reading came at 3.2 percent for YOY and 0.4 percent for MoM. Further, the increase against the yen was also supported by poor Tertiary Industry Index report from Japan, which came worse than expected.

The euro was trading 107.86 with resistance expected at 107.89 and 108.41. The 17-nation currency is trading at 1.3167 with resistances of 1.3205 and 1.2995. However, analysts are pessimistic about the break and they are still holding a bearish outlook for the cross. The positive reports from Germany are canceled by the Italian and Spanish high yields. The Spanish 10-year bond yields have increased up to 5.98 percent while Italian yields have increased by over 1 percent to 5.68 percent. Despite the powerful PR carried by Italy to distance itself from Spain, investors are more interested in action other than words.

According to some analysts the positive reports from Germany are not enough to dispel the possible debt crisis looming in Spain and Italy. Traders are claiming that signs of a possible Greece-situation have already started to show in Spain. As the market goes into the Weekend the IMF meeting will remain in focus and their decision of Europe will carry a big weight on the Euro.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. 

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

By TraderVox.com

Tradervox (Dublin) – The market has been on risk aversion during the week as European leaders struggle to contain the region’s debt crisis. Concerns about the Chinese economy have been pushing downward commodity based currencies. This is expected to push the Kiwi and Aussie to a weekly decline.

The New Zealand dollar still continues to almost a week’s low as demand for the Australian counterpart has been limited by poor showing of the export prices which was lower for the second time. This also came prior to an IMF meeting set to start today in Washington. This meeting is aimed at discussing the current fiscal problems in Europe.

According to Kurt Magnus of Namura Holdings Inc. in Sydney, the market expects the situation in Europe to deteriorate as there is no confidence in the equity market. He expects the Aussie to go down against the dollar as the next phase of European debt crisis emerges. He also said that the export price index report in Australian has played a big role in the dropping of the Aussie.

The Export Price Index declined by 7 percent from the figure registered in the fourth quarter making it the second decline. In the fourth quarter of last year, it had declined by 1.5 percent; the market was expecting a drop of 3 percent. However, the south pacific dollars held ground against the yen as speculation of Bank of Japan monetary easing strengthened after Shirakawa, the BOJ Governor, indicated in a speech yesterday that the Bank would pursue powerful easing program.

The Aussie exchanged at $1.0336 which represents a 0.3 percent decline this week. The Australian dollar was little changed against the yen trading at 84.29. New Zealand dollar was trading at 81.33 US cents down from 81.37 registered yesterday. Earlier, the Kiwi had touched 81.22, the lowest it has been since April 10. The currency has fallen 1.2 percent since the start of the week. Against the yen, New Zealand dollar is trading at 66.31 yen.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. 

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

By Carla Pasternak, globaldividends.com

Sometimes it takes guts to be an income investor.

A few weeks ago, the S&P 500 closed above 1,400 for the first time since May 2008, before the Lehman Brothers collapse led off the financial crisis. In total, the index has gained a remarkable 11% so far this year (versus 0% for all of last year).

That’s good news, right?

Well, lower-yielding financials and tech stocks have led the move higher, while defensive high-yield utilities and master limited partnerships (MLPs) have lagged to the downside.

For instance, the Alerian MLP Index is up less than 1% year-to-date, and the utility sector, down more than 3%, is the worst-performing sector in the S&P 500.

Last year, these two groups outperformed as nervous investors sought safe dividend returns amid volatile markets. This year, however, the reverse started taking place. Financial and technology companies listed on the S&P 500 have risen about 17%.

Investors have taken more chances on increased signs of economic recovery in the U.S. and easing concerns about Europe’s debt crisis. As a result, some are investing their capital into riskier sectors, such as energy, that can benefit from economic growth.

As well, Treasury yields have spiked. Yields on 10-year Treasuries climbed to a recent high of 2.40% (before pulling back), from a record low of 1.67% in September.

The problem is the yields on many of my favorite high-yield sectors — like MLPs and municipal bonds — are loosely pegged to the 10-year Treasury yield. So as Treasury yields rose (meaning Treasury prices fell), prices for these securities fell in line with historical spreads.

In the past couple of weeks, yields have stabilized as the appetite for risk has fallen with the pullback in the market. Safe-haven MLPs and utilities in my High-Yield Investing portfolios surged back as investors started questioning their optimistic outlook on the overall economy.

We income investors can expect to see more volatility as sentiment improves and the recovery gains traction in the months ahead. Despite that, I am not ready to abandon my safe-haven MLPs, utilities, or preferred shares, which will remain core holdings in my income portfolios. These investments should hold their value over the long-term. I don’t anticipate that their steady and rising income stream will go out of style, whatever the economic environment.

And there’s one more reason to like stable income payers. Recent history says they could outperform.

You may have heard of the S&P High-Yield Dividend Aristocrats Index. This index consists of the highest-yielding stocks that have also increased dividends for at least 25 consecutive years. In others words, these stocks are some of the best known and most consistent dividend payers on the market.

The chart below shows the value of the S&P High-Yield Dividend Aristocrats Index divided by the value of the S&P 500. When the chart goes up, that means these dividend payers are outperforming the broader market. When the chart falls, it means the Dividend Aristocrats are underperforming…

While the S&P 500 has returned 11% this year, the Aristocrats have only returned roughly 3%. But that underperformance may not last much longer. As you can see, if the history of the past three years is any indicator, when prices of the Aristocrats compared to the broader market reach the levels seen now, these dividend payers make a comeback.

Of course, there’s no guarantee this will happen, but as I said earlier, I don’t anticipate that steady and rising income will go out of style, no matter the economic environment, making these stocks attractive anyway.

Good Investing!

Carla Pasternak’s Dividend Opportunities

Source: ForexYard

The euro took moderate losses against its main currency rivals during yesterday’s trading session, following a Spanish long-term debt auction. While the auction was successful, it came at a higher than expected cost to the Spanish government, and did little to ease investor fears regarding the overall euro-zone debt crisis. Turning to today, traders will want to pay attention to the German Ifo Business Climate. A positive figure may help boost confidence in the euro-zone economic recovery ahead of markets closing for the week.

Economic News

USD – Dollar Turns Bullish vs. EUR

The US dollar turned bullish against several of its main currency rivals during yesterday’s trading session, following a Spanish long-term debt auction which failed to convince investors that the euro-zone debt situation is improving. Additionally, the weekly US Unemployment Claims came in slightly below last week’s, signaling slight improvement in the US employment sector. The EUR/USD, which rose as high as 1.3164 immediately after the auction, dropped close to 100 pips throughout the European session. The pair eventually corrected itself and stabilized around the 1.3100 level.

Turning to today, a lack of US news events means that any volatility the dollar sees will be a result of indicators out of Europe. Traders will want to note the result of the German Ifo Business Climate, scheduled for 8:00 GMT, followed by the British Retail Sales figure at 8:30. Positive German data may lead to some risk taking in the marketplace, which could hurt the dollar against currencies like the euro and AUD. With regards to the British data, analysts are forecasting today’s news to come in well above last month’s. If true, the GBP/USD could extend its current upward trend.

EUR – Euro Fails to Capitalize from Spanish Debt Auction

The euro fell vs. its main currency rivals during yesterday’s trading session despite a successful Spanish long-term debt auction. Investor concerns still persist regarding whether the euro-zone debt-crisis can spread to other countries in the region, and what impact that may have on the broader global economic recovery.

The EUR/GBP, which earlier in the week fell some 65 pips following a positive UK employment report, dropped an additional 30 pips yesterday. The pair reached as low as 0.8160 during mid-day trading. Against the Japanese yen, the euro fell around 75 pips, reaching as low as 106.50 before staging a slight correction and stabilizing around 106.99.

Turning to today, the German Ifo Business Climate and UK Retail Sales are forecasted to generate market volatility. The German figure in particular may help the euro recoup some of its recent losses, should it come in above expectations. At the same time, with analysts predicting that the British Retail Sales figure to come in well above last month’s result, there is a possibility that the EUR/GBP could drop further.

AUD – Aussie Takes Losses vs. USD, JPY

The Australian dollar turned bearish vs. safe-haven currencies yesterday, including the US dollar and Japanese yen, as concerns regarding the euro-zone debt crisis persist among investors. The AUD/USD fell close to 80 pips during the European session, reaching as low as 1.0312. The pair eventually staged a slight correction and stabilized at 1.0335. Against the JPY, the aussie fell as low as 83.94, down around 70 pips for the day.

As we close out the week, analysts are warning that riskier currencies like the AUD may have a hard time reversing their current downward trends. Investor sentiment is still overwhelmingly bearish with regards to the euro-zone debt crisis. That being said, the aussie may have a chance to recoup some of yesterday’s losses if today’s German Ifo Business Climate comes in above expectations.

Crude Oil – Risk Aversion Causes Crude Oil to Extend Bearish Trend

Crude oil extended its downward movement yesterday, as investors shifted their funds away from riskier assets following Spain’s debt auction. Concerns regarding the euro-zone debt crisis led to gains for safe-haven currencies, including the US dollar. Typically, the price of oil falls when the dollar is strong, as the commodity becomes more expensive for international buyers. The price of oil fell over $1 a barrel during European trading, reaching as low as $102.45 before staging a slight upward correction.

Turning to today, traders will want to pay close attention to news out of the euro-zone and the UK for clues as to risk sentiment in the marketplace. Positive news may lead to gains for the euro, which could cause oil to turn bullish. At the same time, should the news come in below analyst forecasts, investors may abandon their riskier assets which could cause oil to extend its downward movement further.

Technical News

EUR/USD

In a sign that a price shift for this pair could occur in the near future, the Bollinger Bands on the weekly chart are narrowing. While most other technical indicators are currently in neutral territory, the MACD/OsMA on the same chart appears close to forming a bullish cross. Traders will want to keep an eye on this indicator, as it may be a sign of future upward movement.

GBP/USD

A bearish cross has formed on the daily chart’s MACD/OsMA, indicating that this pair could see downward movement in the near future. In addition, the Williams Percent Range on the same chart is approaching overbought territory. Traders may want to go short in their positions, ahead of a possible downward correction.

USD/JPY

In a sign that this pair may see downward movement in the coming days, both the Relative Strength Index and Williams Percent Range on the weekly chart are moving toward overbought territory. Traders will want to keep an eye on both of these indicators. Should they continue moving up, it may be a sign of an impending bearish correction.

USD/CHF

Most long term technical indicators show this pair trading in neutral territory, meaning that no defined trend can be predicted at this time. Traders may want to take a wait and see approach, as a clearer trend is likely to present itself in the near future.

The Wild Card

EUR/GBP

The Relative Strength Index on the daily chart is hovering close to oversold territory, indicating that an upward correction could occur in the near future. This theory is supported by the Williams Percent Range on the same chart, which has dropped below the -80 level. Forex traders may want to go long in their positions ahead of a possible upward breach.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.