Forex Trading

Last day of October aka “jinx” month

One of the worst months on financial market, October showed its tooth in 2008 again. Traders called “jinx”. The markets and financial system in all world have had tremendous and huge looses. Interest rate was cut from every major central bank in big countries. Central banks help with huge bailout to save collapsed banks and save its own economy. Recession is here before us…

Markets…

After the FED cut interest rate and announcement that Bank if the Japan will take zero rate interest next year the markets around the world taka some up trend…

Dow Jones …

It was the biggest one day gain in history. The Dow gained 889 point yesterday. The other world markets have had a big recovery as well. Today big event is probability; that Federal Reserve of United States will cut interest rate for 50 points to 1.0% and open door for further cuts. Bank of Japan announcements that the will cut interest rate 25 points from 0.50% to 0.25% as well.

Volatility …

These days the name of the game is volatility. Stock market and currency market are every day up and down like on rollercoaster. Investors are in confusion if the bottoming is end or they have to wait to entry into the financial markets. Tomorrow probably, the FED Federal Reserve of United States will cut interest rate for 50 points to 1.0%.

 

Stay a side …!!!

Beginning of another week in fear …!!!

Stock markets are sliding more all over the globe. Investors are taking the money from this situation.

 

No one knows where bottom is…!?

 

Have a nice week

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Fear of global recession …!!!

Stock markets participate the warning of global recession. All markets are in huge decline. Before the bell Dow Jones Industrial Average the futures are below 500 points.

Could we see enormous sell off on Wall Street after Asia and Europe decline?

What to say, stay sidelines in those days.

 

Have a peaceful weekend ahead of us after this hard week

EUR/GBP-23 Oct, 2008

Hi Forex traders,

 

EUR/GBP had up movement to high @ 0.7955 yesterday. The pair declines to low @ 0.7836 today. Maybe this is the one of the last pullback in pair, because the European Central Bank Pair announcement the further rate cut. Pair is still in bearish territory regarding the technical analyzes.

 

Be prepare and wait for further down leg in the pair in coming weeks.

 

 

Good luck in trading

 

(*)

GBP/CHF-22 Oct, 2008

Hello Traders,

 

GBP/CHF has huge decline last two seasons. From yesterday high @ 1.9791 to today’s low 1.8852, 939 pips difference.

 

Regarding the technical analyzes the pair is in bearish territory. Where is the low of pair?

 

Have a good trading

 

(*)

EUR/GBP-21 Oct, 2008

Hi Forex traders,

 

EUR/GBP has been up lifted from low 0.7692 yesterday. The pair has recovery to high of 0.7778 today. Pair is in bearish territory regarding the technical analyzes.

 

Could we see further down leg in the pair?

 

 

Good luck in trading

One Monday before us…!!!

To see how will start this trading week ahead…?!

 

Have a good trading

Dow Jones Industrial average starts up trend…?!

This week we see recovery in index. Could we see some good buy opportunity in coming weeks? Warren Buffett aka Oracle from Omaha says it is time to buy some stocks.

Have a good week

Dear Reader,

 

I was out of office last few days due to celebrating my 40-th birthday with my twin brother through Europe. We were visiting 5 countries (Austria, Italy, France, Switzerland and Germany) and 2 principalities (Monaco and Liechtenstein).

More info about this trip I will write in coming days.

Thank you for your understanding