Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
View RSS Feed

All Blog Entries

  1. ||London Forex Market Call 6-02-11|

    by , 06-01-2011 at 09:10 PM
    Welcome to the London Forex Market Call for June 2nd.,2011. GBP/USD: Closes near the lows as the market traded most of the session below the Fibonacci 61.8% retracement level which resides at 1.6390. Consecutive closes below 1.6390 would create bearish overtones with 1.6057 as the next downside objective. A recovery of the 1.6500 handle is needed to re-establish the bullish posture of the market. The Timing Oscillator has turned down from overbought territory and momentum is declining suggesting a market reversal is in the making | GOLD: Closes near the highs of the session as the market briefly traded into the $1550.0 area. Consecutive closes above the 10 day average which resides at $1527.0 will keep the bullish posture of the ...
  2. Forex Daily Outlook – June 2 2011

    by , 06-01-2011 at 07:09 PM
    Factory orders in the US and Jean-Claude Trichet speech are the major market-movers. Let see what awaits us today.

    In the US, Factory orders, measuring the long-lasting orders in the manufacturing level and affects the inflation negative forecast for the USD is expected now with-0.3%.

    Read the rest of the article [B][I][URL=""]Forex Daily Outlook – June 2 2011[/URL][/I][/B]
  3. GBP 30min chart 2011-05-31

    by , 06-01-2011 at 01:12 PM .
    See more charts at AbleSys Free Webinars
    Name:  gbp2.jpg
Views: 479
Size:  85.7 KB
  4. ISM Manufacturing PMI Dives - Risk Aversion Continues

    by , 06-01-2011 at 11:27 AM
    [B]The US Manufacturing sector is growing at a slow pace: ISM Manufacturing PMI dropped to 53.5. The estimations stood on 58.1 points, although other indicators such as the Chicago PMI provided hints that it would be worse. EUR USD shakes while the yen and the franc extend their gains against the dollar.[/B]

    USD/JPY is now around 80.70. USD/CHF fell below 0.84. EUR/USD initially dropped but is now moving higher, at 1.4430. Resistance is at 1.4450. USD/CAD is on the rise, as US weakness is bad for Canada. GBP/USD ticks higher, but is limited by 1.6430.

    Read the rest of the article [B][I][URL=""]ISM Manufacturing PMI Dives - Risk ...
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial 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, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.