tag:blogger.com,1999:blog-252035802024-03-05T07:22:50.584+02:00Greek EconomistDaily information for global markets. Daily ideas for trading forex , commodities and stocks. Daily financial articles.
The articles of this blog are only for information and should not be construed as a personal recommendation or investment advice.Unknownnoreply@blogger.comBlogger137125tag:blogger.com,1999:blog-25203580.post-78989906557025714522014-11-20T17:23:00.000+02:002014-11-20T17:23:31.190+02:00Trading Forex is easier than you may think!<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><br />
The trend is bullish as you can see at the following chart.<br />
Take the chance to trade. <br />
Follow www.kastafx.com<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjkPKAFr0naboPe954JDCpS8VzduA7xpNQcXe0Jp-HCdxTP4LFl30lY-QSHZje8LdggGWum3cSftOVwYs84fJGOb9T3JLW3sA3lm2mDPz3N0F_QLBvJR5EKkLBVP6E1M-UDVF3yQ/s1600/EURUSDH1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjkPKAFr0naboPe954JDCpS8VzduA7xpNQcXe0Jp-HCdxTP4LFl30lY-QSHZje8LdggGWum3cSftOVwYs84fJGOb9T3JLW3sA3lm2mDPz3N0F_QLBvJR5EKkLBVP6E1M-UDVF3yQ/s320/EURUSDH1.png" /></a></div><div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-57102878930132755392014-06-18T12:53:00.003+03:002014-06-18T12:53:55.715+03:00Major Currencies <div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><br />
<br />
• The U.S. Dollar<br />
The United States dollar is the world's main currency. All currencies are generally quoted in U.S. dollar terms. Under conditions of international economic and political unrest, the U.S. dollar is the main safe-haven currency which was proven particularly well during the Southeast Asian crisis of 1997-1998.<br />
The U.S. dollar became the leading currency toward the end of the Second World War and was at the center of the Bretton Woods Accord, as the other currencies were virtually pegged against it. The introduction of the euro in 1999 reduced the dollar's importance only marginally.<br />
The major currencies traded against the U.S. dollar are the euro, Japanese yen, British pound, and Swiss franc.<br />
• The Euro<br />
The euro was designed to become the premier currency in trading by simply being quoted in American terms. Like the U.S. dollar, the euro has a strong international presence stemming from members of the European Monetary Union. The currency remains plagued by unequal growth, high unemployment, and government resistance to structural changes. The pair was also weighed in 1999 and 2000 by outflows from foreign investors, particularly Japanese, who were forced to liquidate their losing investments in eurodenominated assets. Moreover, European money managers rebalanced their portfolios and reduced their euro exposure as their needs for hedging currency risk in Europe declined.<br />
• The Japanese Yen<br />
The Japanese yen is the third most traded currency in the world; it has a much smaller international presence than the U.S. dollar or the euro. The yen is very liquid around the world, practically around the clock. The natural demand to trade the yen concentrated mostly among the Japanese keiretsu, the economic and financial conglomerates.<br />
The yen is much more sensitive to the fortunes of the Nikkei index, the Japanese stock market, and the real estate market. The attempt of the Bank of Japan to deflate the double bubble in these two markets had a negative effect on the Japanese yen, although the impact was short-lived. <br />
• The British Pound<br />
Until the end of World War II, the pound was the currency of reference. Its nickname, cable, is derived from the telex machine, which was used to trade it in its heyday. The currency is heavily traded against the euro and the U.S. dollar, but has a spotty presence against other currencies. The two-year bout with the Exchange Rate Mechanism, between 1990 and 1992, had a soothing effect on the British pound, as it generally had to follow the deutsche mark's fluctuations, but the crisis conditions that precipitated the pound's withdrawal from the ERM had a psychological effect on the currency.<br />
• The Swiss Franc<br />
The Swiss franc is the only currency of a major European country that belongs neither to the European Monetary Union nor to the G-7 countries. Although the Swiss economy is relatively small, the Swiss franc is one of the four major currencies, closely resembling the strength and quality of the Swiss economy and finance. Switzerland has a very close economic relationship with Germany, and thus to the euro zone. Therefore, in terms of political uncertainty in the East, the Swiss franc is favored generally over the euro.<br />
Typically, it is believed that the Swiss franc is a stable currency. Actually, from a foreign exchange point of view, the Swiss franc closely resembles the patterns of the euro, but lacks its liquidity. As the demand for it exceeds supply, the Swiss franc can be more volatile than the euro.<br />
<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-8009190152398015042014-06-18T11:13:00.000+03:002014-06-18T11:13:06.240+03:00 Players in the Forex Market<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div> <br />
• Central Banks <br />
The national central banks play an important role in the (FOREX) markets. Ultimately, central banks seek to control the money supply and often have official or unofficial target rates for their currencies. As many central banks have very substantial foreign exchange reserves, their intervention power is significant. Among the most important responsibilities of a central bank is the restoration of an orderly market in times of excessive exchange rate volatility and the control of the inflationary impact of a weakening currency.<br />
Frequently, the mere expectation of central bank intervention is sufficient to stabilize a currency, but in case of aggressive intervention the actual impact on the short-term supply/demand balance can lead to the desired moves in exchange rates. <br />
If a central bank does not achieve its objectives, the market participants can take on a central bank. The combined resources of the market participants could easily overwhelm any central bank. Several scenarios of this nature were seen in the 1992-93 with the European Exchange Rate Mechanism (ERM) collapse and 1997 throughout South East Asia.<br />
• Banks <br />
It is very common for a large bank to trade billions of dollars daily. Some of this trading activity is undertaken on behalf of corporate customers, but a banks’ treasury room also conducts a large amount of trading, where bank dealers are taking their own positions to make the bank profits.<br />
The Interbank market has become increasingly competitive in the last couple of years and the god-like status of top foreign exchange traders has suffered as equity traders are again back in charge. A large part of the banks’ trading with each other is taking place on electronic booking systems that have negatively affected traditional foreign exchange brokers.<br />
• Interbank Brokers <br />
Until recently, foreign exchange brokers were doing large amounts of business, facilitating Interbank trading and matching anonymous counterparts for comparatively small fees. With the increased use of the Internet, a lot of this business is moving onto more efficient electronic systems that are functioning as a closed circuit for banks only.<br />
The traditional broker box, which lets bank traders and brokers hear market prices, is still seen in most trading rooms, but turnover is noticeably smaller than just a few years ago due to increased use of electronic booking systems.<br />
• Commercial Companies <br />
The commercial companies’ international trade exposure is the backbone of the foreign exchange markets. A multinational company has exposure in accounts receivables and payables denominated in foreign currencies. They can be protected against unfavorable moves with foreign exchange. That is why these markets are in existence. Commercial companies often trade in sizes that are insignificant to short term market moves, however, as the main currency markets can quite easily absorb hundreds of millions of dollars without any big impact. It is also clear that one of the decisive factors determining the long-term direction of a currency’s exchange rate is the overall trade flow. <br />
Some multinational companies, whose exposures are not commonly known to the majority of market, can have an unpredictable impact when very large positions are covered.<br />
• Retail Brokers <br />
The arrival of the Internet has brought us a host of retail brokers. There is a numbered amount of these non-bank brokers offering foreign exchange dealing platforms, analysis, and strategic advice to retail customers. The fact is many banks do not undertake foreign exchange trading for retail customers at all, and do not have the necessary resources or inclination to support retail clients adequately. The services of such retail foreign exchange brokers are more similar in nature to stock and mutual fund brokers and typically provide a service-orientated approach to their clients.<br />
• Hedge Funds <br />
Hedge funds have gained a reputation for aggressive currency speculation in recent years. Undoubtedly, the increasing amount of money lead to some of these investment vehicles have under management, the size and liquidity of foreign exchange. The leverage available in these markets also allows such a fund to speculate with tens of billions at a time. The herd instinct that is very apparent in hedge fund circles was seen in the early 1990’s with George Soros and others squeezing the GBP out of the European Monetary System. <br />
It is unlikely, however, that such investments would be successful if the underlying investment strategy was not sound. It is also argued that hedge funds actually perform a beneficial service to foreign exchange markets. They are able to exploit economical weakness and to expose a countries unsustainable financial plight, thus forcing realignment to more realistic levels.<br />
• Investors and Speculators <br />
In all efficient markets, the speculator has an important role taking over the risks that a commercial participant hedges. The boundaries of speculation in the foreign exchange market are unclear, because many of the above mentioned players also have speculative interests, even central banks. The foreign exchange market is popular with investors due to the large amount of leverage that can be obtained and the liquidity with which positions can be entered and exited. Taking advantage of two currencies interest rate differentials is another popular strategy that can be efficiently undertaken in a market with high leverage. We have all seen prices of 30 day forwards, 60 day forwards etc, that is the interest rate difference of the two currencies in exchange rate terms.<br />
<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-38728504661310699622014-06-18T10:50:00.003+03:002014-06-18T10:52:09.976+03:00The market hours<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div>The trading begins once the markets are officially open in Tokyo, Japan at 7:00 PM Sunday, New York time. Afterwards, at 9:00 PM EST, Singapore and Hong Kong opens followed by the European markets in Frankfurt at 2:00 AM and in London at 3:00 AM. When the clock reaches 4:00 AM, the European markets are in the hot spot and Asia just concluded its trading day. Around 8:00 AM on Monday, the US markets opens in New York while Europe is slowly going down. Australia will take the lead around 5:00 PM and when it is 7:00PM again, Tokyo is ready to reopen.<br />
<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-42450458873948666852014-06-17T23:34:00.001+03:002014-06-17T23:34:14.933+03:00Top 10 currency traders (May 2014)<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibrie0Tac442VUgR33e8AQ4bDtP4QLtVHS1X7DTKtnJelHyaW39etDWq4lbEajThbicosE7qVxIjW4_iiEj1t6iNERIo_6f8srreL28OqIACc1qm3Ane6AmQC9fdM8ySJ31n-FOA/s1600/top+10+currency+traders.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibrie0Tac442VUgR33e8AQ4bDtP4QLtVHS1X7DTKtnJelHyaW39etDWq4lbEajThbicosE7qVxIjW4_iiEj1t6iNERIo_6f8srreL28OqIACc1qm3Ane6AmQC9fdM8ySJ31n-FOA/s320/top+10+currency+traders.png" /></a></div><br />
Source : wikipedia<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-15587494853455822202014-06-17T23:14:00.002+03:002014-06-18T12:41:57.877+03:00Foreign Exhange Market<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div>The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.<br />
<br />
The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the “interbank market”, although a few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars.[citation needed] Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.<br />
<br />
The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from the European Union member states, especially Eurozone members, and pay euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies.<br />
<br />
In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying for some quantity of another currency. The modern foreign exchange market began forming during the 1970s after three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states after World War II), when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.<br />
<br />
The foreign exchange market is unique because of the following characteristics:<br />
<br />
its huge trading volume representing the largest asset class in the world leading to high liquidity;<br />
its geographical dispersion;<br />
its continuous operation: 24 hours a day except weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);<br />
the variety of factors that affect exchange rates;<br />
the low margins of relative profit compared with other markets of fixed income; and<br />
the use of leverage to enhance profit and loss margins and with respect to account size.<br />
<br />
As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks.<br />
<br />
According to the Bank for International Settlements, the preliminary global results from the 2013 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $5.3 trillion per day in April 2013. This is up from $4.0 trillion in April 2010 and $3.3 trillion in April 2007. Foreign exchange swaps were the most actively traded instruments in April 2013, at $2.2 trillion per day, followed by spot trading at $2.0 trillion.<br />
<br />
According to the Bank for International Settlements, as of April 2010, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume as of April 2007. Some firms specializing on foreign exchange market had put the average daily turnover in excess of US$4 trillion.<br />
<br />
The $3.98 trillion break-down is as follows:<br />
<br />
$1.490 trillion in spot transactions<br />
$475 billion in outright forwards<br />
$1.765 trillion in foreign exchange swaps<br />
$43 billion currency swaps<br />
$207 billion in options and other products<br />
Source : wikipedia<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-57553628321253713612014-03-28T12:37:00.002+02:002014-03-28T12:37:58.908+02:00EURUSD Lower or Higher?<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div>There is too much analysis the last days, concerning the EURUSD pair. The majority of analysts suggest that 1.3966 was the peak of the pair and that a downtrend has already began. Due to the lack of economic events this week,the movement was insignificant and the importance will be on next week events. However, it seems to be a slight movement lower. Unemployment rates on Eurozone, Interest Rate Decisions, Nonfarm payrolls and Unemployment Rate on USA could lead EURUSD in lower levels next week. A crusial support could be at 1.3650. Thus, for prices, lower than 1.3650 it could be a great chance to short the pair. <div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-8192776150207198882013-12-18T01:04:00.000+02:002013-12-18T01:04:00.551+02:00ECONOMIC CALENDAR 18.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd5vgqYu-AaM-pSrVSzE2R-tLyz9Xzv4LSVt-hMSkRXLI53pWCuzkOE6UAiKRaw8Drlc0pdCTINes5h1VZoVjIFgxxkpnwSaYgVA6gKJlq2iScNrHDiOPYDQgy_j4svpI-S5ukvA/s1600/economic+calendar+18_12_2013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd5vgqYu-AaM-pSrVSzE2R-tLyz9Xzv4LSVt-hMSkRXLI53pWCuzkOE6UAiKRaw8Drlc0pdCTINes5h1VZoVjIFgxxkpnwSaYgVA6gKJlq2iScNrHDiOPYDQgy_j4svpI-S5ukvA/s320/economic+calendar+18_12_2013.jpg" /></a></div><br />
Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-29915786698638875772013-12-16T21:40:00.000+02:002013-12-16T21:40:00.013+02:00ECONOMIC CALENDAR 16.12.2013<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfnnc-zYXLH8e6xlhzH0Bby8TUpdTFH5EbZ-i43iqggz66MfZxbx75v9AHEo_HutCeiX-JPoEbKAOjwlAwBzs3sxBbwk2fLrlM2TZiuMfyJ0FW8cNgYRwAbhp5y8kj7XLjJcLZqA/s1600/economic+calendar+16_12_2013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfnnc-zYXLH8e6xlhzH0Bby8TUpdTFH5EbZ-i43iqggz66MfZxbx75v9AHEo_HutCeiX-JPoEbKAOjwlAwBzs3sxBbwk2fLrlM2TZiuMfyJ0FW8cNgYRwAbhp5y8kj7XLjJcLZqA/s320/economic+calendar+16_12_2013.jpg" /></a></div><div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div>Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-44187709237109956062013-12-13T10:56:00.001+02:002013-12-13T10:56:23.818+02:00EURUSD Trading Idea 13.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghMQZc2nepaxVNqds2JrRnZDWGYIYqb7JtUWNPWrKRQlxOrzm1FfS1vwdMmwBLfoxUKwuFmMr8K8qsLEC-mqfyx9gy_DsqIzXhVlmhjGZ3ji8Vd6cnLzbBh2N-izSOv3MlzT1Ciw/s1600/eurusd+13_12_13.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghMQZc2nepaxVNqds2JrRnZDWGYIYqb7JtUWNPWrKRQlxOrzm1FfS1vwdMmwBLfoxUKwuFmMr8K8qsLEC-mqfyx9gy_DsqIzXhVlmhjGZ3ji8Vd6cnLzbBh2N-izSOv3MlzT1Ciw/s320/eurusd+13_12_13.JPG" /></a></div></div>EURUSD is moving in a downtrend after the 11th of December. At the moment is moving slighly below it's moving averages SMA-100 and SMA-50. The trading idea for today is to sell around 1.3768 putting stop loss 14pips higher and take profit 25pips lower. If the price climbs above 1.3780, you could buy putting stop loss 12 pips lower and take profit around 1.3805. <div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-107096061291865332013-12-13T10:45:00.001+02:002013-12-13T10:45:58.573+02:00ECONOMIC CALENDAR 13.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRp9LLK1UG-L_-o5B1ynRGe5H5op88UmNTU-acMkLbqHP1aasebiXoZ3FaFlIfjcgdkubud4bybhfWYXjWSaGPVKJINzKpIQ7cQSuFSKPcs53u3UCrqeXiTLWdfx0ied1vI4196A/s1600/ECONOMIC+CALENDAR+13.12.2013.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRp9LLK1UG-L_-o5B1ynRGe5H5op88UmNTU-acMkLbqHP1aasebiXoZ3FaFlIfjcgdkubud4bybhfWYXjWSaGPVKJINzKpIQ7cQSuFSKPcs53u3UCrqeXiTLWdfx0ied1vI4196A/s320/ECONOMIC+CALENDAR+13.12.2013.JPG" /></a></div><br />
Source : fxstreet<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-56917142222559236372013-12-05T00:43:00.001+02:002013-12-05T00:43:34.469+02:00AUDUSD Trading Idea 05.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNJuzwcruINntQl1zX98QHYV1Eflpt5Pae5kHVVVGgeB4J5FL8cKnWz8sZkiaEoGwlDMFx9HxJbN3PVP8Q1cR8YMW7DLqxR7hwMcWzer0RPfCncHn0tgx7L-R9qwaEPydm8PBlIQ/s1600/AUDUSD+04122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNJuzwcruINntQl1zX98QHYV1Eflpt5Pae5kHVVVGgeB4J5FL8cKnWz8sZkiaEoGwlDMFx9HxJbN3PVP8Q1cR8YMW7DLqxR7hwMcWzer0RPfCncHn0tgx7L-R9qwaEPydm8PBlIQ/s320/AUDUSD+04122013.jpg" /></a></div><br />
AUDUSD broke the significant support line of 0.9055 yesterday on Wednesday. The most possible scenario is to find resistance levels around this price, keeping the downtrend as the current view for the pair. A good strategy would be to take short positions around 0.9055 putting SL 10 pips higher and TP 30 pips lower.<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-23438813029179866122013-12-05T00:38:00.002+02:002013-12-05T00:38:39.682+02:00USDJPY Trading Idea 05.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrLFA0qoeXOrUA9zJ2alxTOZFHp69Ixoy4rGbAPcyRvtDj3Z4JwziStE2ZSfix4KT8iI5BeKdVbQBF8jrXMaidj-6XvyX4bIzxKGC4qq14_IflDYFVW4X3Bt7L1cIAJ4QQLpiV8A/s1600/USDJPY+05122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrLFA0qoeXOrUA9zJ2alxTOZFHp69Ixoy4rGbAPcyRvtDj3Z4JwziStE2ZSfix4KT8iI5BeKdVbQBF8jrXMaidj-6XvyX4bIzxKGC4qq14_IflDYFVW4X3Bt7L1cIAJ4QQLpiV8A/s320/USDJPY+05122013.jpg" /></a></div><br />
USDJPY is moving in a lower lows pattern, as you can see from the chart above. The most possible scenario is to continue the downtrend. Thus, a good chance for trading the pair, would be near the trendline, taking short positions of 30 pips lowers as take profit and 10 pips higher as stop loss. <div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-2497622346442634462013-12-05T00:34:00.000+02:002013-12-05T00:34:41.581+02:00EURUSD Update 04.12.2013<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDbf9VXMoEW4NvPaRhIBKn5kKkSP9MW4ARrDphE6fRt03vEuNftW4s0XzMue9wSL6ZuPONHorRjJc97Xead89NWnE-M_I3oA98GgJGzWDCIxvbW2m-L9yuDq-97N4G3tX29ZBrHw/s1600/EURUSD+04122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDbf9VXMoEW4NvPaRhIBKn5kKkSP9MW4ARrDphE6fRt03vEuNftW4s0XzMue9wSL6ZuPONHorRjJc97Xead89NWnE-M_I3oA98GgJGzWDCIxvbW2m-L9yuDq-97N4G3tX29ZBrHw/s320/EURUSD+04122013.jpg" /></a></div><div dir="ltr" style="text-align: left;" trbidi="on"><br />
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After the evening violent breakout below the support line of 1.3566 and finding support at 1.3527, the pair is moving again at the prices of 1.3590. The most possible scenario is that EURUSD will follow a bullish trend, keep moving above SMA-50 and SMA-100. The best time to take a long position is above 1.3625. Thus, Thursday is a good day, considering the full of announcements calendar, in order to see the pair around 1.3670 - 1.3700.<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-69028833457750479992013-12-04T09:37:00.000+02:002013-12-04T09:37:11.588+02:00ECONOMIC CALENDAR 04.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsRVnlGuVwMmxqB2DTccJVH4467D3Qb0dytCLLioasDVJcLqv3LQ7mBY9-G8MFtpyzjkUEy5ynauN97VrCf_W4zUiPcnnx-TRT7-h-P3MwMIWczS8oX8YdHinXXkQ0X0GZfBorWg/s1600/economic+calendar+4122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsRVnlGuVwMmxqB2DTccJVH4467D3Qb0dytCLLioasDVJcLqv3LQ7mBY9-G8MFtpyzjkUEy5ynauN97VrCf_W4zUiPcnnx-TRT7-h-P3MwMIWczS8oX8YdHinXXkQ0X0GZfBorWg/s320/economic+calendar+4122013.jpg" /></a></div><br />
Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-53101722481028162132013-12-03T22:16:00.001+02:002013-12-03T22:16:39.151+02:00AUDUSD Trading Idea 03.12.2013<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-SWBwrM9nKtP8QF0OTSWo2d6JxBOA4B1_JaUXRWQVVpTxyrM6XvqFr-8BiSy7Xce54i41eoIqm733OwYQzHImE6qS27DBRB3WI8Lf7Jik6R4mZoNkBGkHd-oH4sIwU-qNFZA5Cw/s1600/audusd+03122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-SWBwrM9nKtP8QF0OTSWo2d6JxBOA4B1_JaUXRWQVVpTxyrM6XvqFr-8BiSy7Xce54i41eoIqm733OwYQzHImE6qS27DBRB3WI8Lf7Jik6R4mZoNkBGkHd-oH4sIwU-qNFZA5Cw/s320/audusd+03122013.jpg" /></a></div><div dir="ltr" style="text-align: left;" trbidi="on"><br />
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A great oppportunity for trading AUDUSD, there is tonight. As you can see at the chart above, there is a downtrend which is certified by the two peaks at 0.9206 and 0.9166. The most possible scenario is that the trend will continue to lower prices, taking as granted the support line at 0.9046. Thus, the trading idea for today is to take short positions around 0.9150 putting stop loss 10 pips higher and take profit 15 pips lower. On the other hand, a break of the trendline will lead at 0.9200 levels.<br />
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Be careful : Announcement for the GDP (Q3) at 03.30 GMT +2.<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-69804018999943967952013-12-03T13:11:00.002+02:002013-12-03T13:11:53.925+02:00ECONOMIC CALENDAR 03.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMN-exkC8c4hOYmxZvO7UHGabmCwwFiL6IrfFXTi2fy0fLm8lSuMFcwFqAjv0BX_7WemTieIt9_H0P_uknOPHr5XfGpAxYHfyAxmLmdcrjA08u4SZAuj37h1RcAMZe9vJBYf4yTQ/s1600/ECONOMIC+CALENDAR+3122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMN-exkC8c4hOYmxZvO7UHGabmCwwFiL6IrfFXTi2fy0fLm8lSuMFcwFqAjv0BX_7WemTieIt9_H0P_uknOPHr5XfGpAxYHfyAxmLmdcrjA08u4SZAuj37h1RcAMZe9vJBYf4yTQ/s320/ECONOMIC+CALENDAR+3122013.jpg" /></a></div><br />
Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-19687447382308025662013-12-02T23:09:00.001+02:002013-12-02T23:09:31.181+02:00EURUSD Update 02.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcx5Ujnoykh7dmyfXdwGlQZPFlLUPPT35WTedxxPQHnwW7YHCL4BwtLaGz3RPJXSrjYUa6K5EhXXQWcOnZIGNgfQWnv76TIhTKOtren8jORYgIvGE2E9fHvaV9r-DJos1muKmsJA/s1600/EURUSD+02122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcx5Ujnoykh7dmyfXdwGlQZPFlLUPPT35WTedxxPQHnwW7YHCL4BwtLaGz3RPJXSrjYUa6K5EhXXQWcOnZIGNgfQWnv76TIhTKOtren8jORYgIvGE2E9fHvaV9r-DJos1muKmsJA/s320/EURUSD+02122013.jpg" /></a></div><br />
EURUSD broke the support line of SMA-100, which was the last support after the first break of trendline, as you can see at the chart above. The most possible scenario for Tuesday, is the consolidation between the prices 1.3560 and 1.3520, since there is no important announcement scheduled for that day. On the other hand, a breakout below 1.3520 could lead the pair below 1.3490 giving a good opportunity for short positions.<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-62912469527290896472013-12-02T00:30:00.002+02:002013-12-02T00:30:28.442+02:00ECONOMIC CALENDAR 02.12.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSVpG8yCZ66bSIgdeVm8J2eMKFSP5v0cNdjW5CjTY511SGrRjWgInZ3l_2OhYFkN06ST7zwKe7HpKTfFjsuAt8Otx015Ym7bVQw_2MSW0qJVfgr9jozzyXHNhKECiwbadzFoclCA/s1600/economic+calendar+02122013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSVpG8yCZ66bSIgdeVm8J2eMKFSP5v0cNdjW5CjTY511SGrRjWgInZ3l_2OhYFkN06ST7zwKe7HpKTfFjsuAt8Otx015Ym7bVQw_2MSW0qJVfgr9jozzyXHNhKECiwbadzFoclCA/s320/economic+calendar+02122013.jpg" /></a></div><br />
Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-26917386099674801382013-11-29T14:16:00.002+02:002013-11-29T14:16:46.406+02:00ECONOMIC CALENDAR 29.11.2013<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYXLbFu9UZPilCOWE8S7aVkfrL65gyhZBT1NADAp3xeYEyEv8kOEymKRA7fvv9KJ7-LCtnkifYvr4UVQQN1HfYRvGEiFnwnLieibSTLSM_420sNBZ6MFodRuqX4zzf-NbhCTRsUg/s1600/economic+calendar+29112013.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYXLbFu9UZPilCOWE8S7aVkfrL65gyhZBT1NADAp3xeYEyEv8kOEymKRA7fvv9KJ7-LCtnkifYvr4UVQQN1HfYRvGEiFnwnLieibSTLSM_420sNBZ6MFodRuqX4zzf-NbhCTRsUg/s320/economic+calendar+29112013.JPG" /></a></div><div dir="ltr" style="text-align: left;" trbidi="on"><br />
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Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-19096339517743019092013-11-27T09:08:00.001+02:002013-11-27T09:08:44.345+02:00ECONOMIC CALENDAR 27.11.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIpSz-DJW3VgWYaqGc12AdxIHRfpR4i88KmY_JiwnNl7l-QiyF9QxjRuaonTDnVEu6O5qytDl6rR1wUC87w567gahPMddhsNBIHFkz_8PSR0-YrWEj_1PgHYHe2wU5fg6aYS4XLQ/s1600/economic+calendar+27112013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIpSz-DJW3VgWYaqGc12AdxIHRfpR4i88KmY_JiwnNl7l-QiyF9QxjRuaonTDnVEu6O5qytDl6rR1wUC87w567gahPMddhsNBIHFkz_8PSR0-YrWEj_1PgHYHe2wU5fg6aYS4XLQ/s320/economic+calendar+27112013.jpg" /></a></div><br />
Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-8395220138822687922013-11-26T11:09:00.002+02:002013-11-26T11:09:45.469+02:00AUDUSD Trading Idea 26.11.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuyV5ttWgc4Igw3vBjaE5Gtk7kTQ2YYQ25FobKU-aRlMAp6a53R4yl17BkK61zOebz2CGlYd3w6xvH30Xc1lB5DcLMrKVeUbpO-S_M1ZCm6JeAkvAKKg6cQDd9YfVITOjiiqXFWQ/s1600/audusd+26_11_2013.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuyV5ttWgc4Igw3vBjaE5Gtk7kTQ2YYQ25FobKU-aRlMAp6a53R4yl17BkK61zOebz2CGlYd3w6xvH30Xc1lB5DcLMrKVeUbpO-S_M1ZCm6JeAkvAKKg6cQDd9YfVITOjiiqXFWQ/s320/audusd+26_11_2013.JPG" /></a></div><br />
As you can see from the chart above, AUDUSD is moving slightly up, finding a suppport yesterday at 0.9119. After that short bullish movement USD is gaining ground against AUD breaking the bullish trend line. The trading idea for today is to sell the pair AUDUSD since the most probable scenario is to test again the support line at 0.9119. On the other hand, you can take a long position above 0.92085 putting SL 10 pips lower and take profit 20 pips higher. <div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-84902360046853495452013-11-26T01:26:00.001+02:002013-11-26T01:26:52.794+02:00ECONOMIC CALENDAR 26.11.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqXQOgMg_J0aggGooGtEbz-DGvPxdGa6AJcSde1EB_mZjnTIb0uMVNGeVNgVuhmy3br-bQnSB-uq_Rox9dmMqUdvDASFucufUxl-gapwuG0H4_SWDHGv2tNQmx1zWefuTIdP-ZAw/s1600/economic+calendar+26_11_2013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqXQOgMg_J0aggGooGtEbz-DGvPxdGa6AJcSde1EB_mZjnTIb0uMVNGeVNgVuhmy3br-bQnSB-uq_Rox9dmMqUdvDASFucufUxl-gapwuG0H4_SWDHGv2tNQmx1zWefuTIdP-ZAw/s320/economic+calendar+26_11_2013.jpg" /></a></div><br />
Source : fxstreet.com<div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-25273565342505059462013-11-25T18:31:00.002+02:002013-11-25T18:33:27.555+02:00EURUSD Trading Idea 25.11.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1GsBJA0qYwICP_T_qcgXswGNg1uQEBchNCpCrnWZWLyCpuRhr8LjZ7hR2PXvT_9fnNMhB_yp0L1qf7UTwWyW1alM64gCzFfU9P7BLG4gB-CFG0LErkXqQV2KaokIF68T2TJ8sdA/s1600/eurusd+25112013.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1GsBJA0qYwICP_T_qcgXswGNg1uQEBchNCpCrnWZWLyCpuRhr8LjZ7hR2PXvT_9fnNMhB_yp0L1qf7UTwWyW1alM64gCzFfU9P7BLG4gB-CFG0LErkXqQV2KaokIF68T2TJ8sdA/s320/eurusd+25112013.JPG" /></a></div><br />
EURUSD is moving lower today at the beggining of this week, without having some important events at the Economic Calendar. From the chart above we can identify the downtrend and some early resistances and supports. More specifically, it seems that works again the resistance at 1.3516 and the support at 1.3487. The idea for today is that the price may consolidate between these prices, so you can take some sell and buy limits according to these lines. In case of a bear breakout you can put a sell stop at 1.3485 putting stop loss at 1.3493 and take profit at 1.3468. <div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-25203580.post-26400828377238786452013-11-25T17:35:00.002+02:002013-11-25T17:35:26.541+02:00USDJPY Trading Idea 25.11.2013<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfnb5DMeyNLbjywF8YSRUeU0WTOKEAXaoYOAmXLPdFEsLmNB2SojtKEC0he-BtYis7bdnxG39imUlXIaMPqP-KpDa3JeWZcx0xM-WQBp9DtKS-GUPRRILaO2Ph1q9dVnVEN4DdcQ/s1600/usdjpy+25_11_2013.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfnb5DMeyNLbjywF8YSRUeU0WTOKEAXaoYOAmXLPdFEsLmNB2SojtKEC0he-BtYis7bdnxG39imUlXIaMPqP-KpDa3JeWZcx0xM-WQBp9DtKS-GUPRRILaO2Ph1q9dVnVEN4DdcQ/s320/usdjpy+25_11_2013.JPG" /></a></div><br />
USDJPY after the last announcements of Dallas Fed Manufacturing Business Index (Nov) and Pending Home Sales moved slightly bearish testing the support line of 101.61. The trading idea for today is to take a sell limit order at 101.60 putting stop loss 10 pips higher and take profit 24 pips lower. <div class="blogger-post-footer">http://www.naftemporiki.gr/news/static/rss/news_fin.xml</div>Unknownnoreply@blogger.com0