Friday, January 15, 2010

The Present High For The USD Is At $1.4367

USD Today it’s not so much the status that the Greenback more appeal; it’s a case that the euro is less appealing.

The present high for the USD is at $1.4367 according to our data.

Thursday’s slide in December retail sales hardly inspired the US Dollar today we’re in store for another tepid consumer prices report no doubt.

This will hardly be a catalyst for dollar buying except in the unlikely event that the report reveals a data outlier suggesting inflation is likely to scream off the charts – but don’t wait up just to see that event anytime soon.

The Rate Of Gold In USD Return From $1145

The rate of gold in USD return from $1145 per ounce for the third time in two days early Friday, slipping in what one dealer called "volatile trading" as silver also retreated.

"We are riding a small Elliot Wave higher," said Thursday technical analysis from Scotia Mocatta, the bullion bank.

"Our thoughts are that we are in a small wave 4 consolidation of a move that started down at 1075 in December.

We would like an eventual test to levels above 1161, but will stop-loss the long gold position under 1113."

Wednesday, December 30, 2009

USD Continue To Rally

The dollar yen pair continued to gain yesterday as the dollar is attracting investors more than the Japanese yen in the last period.

The pair reached 92.00 levels where it is trading around today, and the pair is targeting 93.00 on the short term, while momentum indicators on the daily charts says the pair is trading in an overbought area, that may stop the pair's rally.

Yet, the 91.15 level remain a strong support for the pair and today it recorded a high of 92.25 and a low of 91.97.

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Home Improvement, Real-world services - 1 year @ $10,000 per month.

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Forex Markets - 3-6 months (Variable on the investment and the currency fluctuations)

Affiliate Marketing - You could make this amount of money off Affiliate Marketing in a day, or it could take years for you to get this money on to your bank account.

Online Gambling - 15 days (Assuming you spend the first 10 days in learning the nuances of gambling)

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Introducing The FX Currency Trade

What is the trading of foreign currencies online or offline? It is whats called Forex currency trading.
This market is open 24 hours a day unlike the stock market.

Not so far in the past forex currency trading was not allowed by individuals.

Only large banks were equipped and had access to necessary systems to trade the forex.

When you make an investment in forex currency trade, the goal is to hold a currency that will appreciate in value over other currencies you trade them against.

For example, let us assume that you buy 50 British Pounds at 100 US Dollars and hold the Pounds for about a week. In the meantime, if the value of a Pound goes up versus the US Dollar, you make money on the difference.