Friday, August 31, 2012

Im having FUN Making Money, Trading in the Forex Market

Hi Everyone Hope All is well;
When I start out in the Forex market. I was told that Trillions get traded 24 hours, 7 days a
week in this never sleeping market. After spending some time in the market you soon learn that the market has habits just like human beings. The market likes taking weekends and public holiday breaks. It has a daily routine where it sleeps, takes naps, is highly active and then relaxes. After watching this I wanted to find a way to watch the trends without having to sit in front of my computer all day. I found a atomated system that works
fab turbo;

I want your full attention here...I mean it, this is KEY:
Understanding the following will show you why FAP Turbo is the real deal...why it’s agolden opportunity for the smart ones...
Do you remember I told you at the beginning of the letter that back-test results are worthless? Well, THEY ARE!
So, why am I about to to show you back-test results of FAP Turbo?
Well...and this is the best lesson you will ever learn in Forex robot trading:
Back-test Results Are Worthless UNLESS You Can Validate Them With Live Forward Trading!
What does this mean?
Well, simple and to the point: if you back-test a robot and it shows 100% “demo” profit in one month, it should PRODUCE around 80-100% profit in LIVE trading.
Thats it...mo more and no less!
See undeniable proof of those bold claims at
As the word spreads already thousands of users are multiplying
their cash.. the price of this super automated money making tool is
increasing as we speak.., they already increased it (no stupid
marketing fluff!)
and what's even worse.., they are about to CLOSE THE DOORS! You owe
it to yourself to at least check out what this killer robot is
capable of!!!
Have a look before they pull the curtain.. you have nothing to
loose but everything to gain.
Sincerly yours,
                           Terry B.

Thursday, August 30, 2012

Forex trading Is made easy by:

 OptionBit-- helps starting traders to find their way on the Forex market. The information provided on our website is free of charge and 100% reliable. We will discuss different Forex Brokers, all brokers on our website accept free demo account for practise. (Forex brokers are companies that can give you access to the Forex market).


More  Forex brokers, /articles and more relevant information can be found on this website. They compare different account types and Forex brokers to make sure that you are well informed and can choose the right Forex broker for you!




 OptionBit-- For Forex traders from inside the USA!

Our excellent Forex trading database of knowledge can help you go a far way in the Forex world if you are interested in trading with real money. Did you know that the Forex market generates over three billion US dollars a day? Don't wait.. Start today!


High hopes that the European Central Bank (ECB) will take action to stem the flow of Europe’s continuing debt crisis prompted the euro to retain most of its gains during forex trading on Friday (August 17, 2012).



The single currency barely moved in the forex markets at $1.2... [Read more]


Wednesday, August 29, 2012

In the Begining, I knew nouthing,

Good Morning Friends & Traders

I want to share with you a little about me.
I didnt know anything about the forex market.
I started in my bed room about two years ago. I joined all kinds of programs, And Failed. Over and over again. Then I ran across this program called PreLaunchX

It was free to join and that was what I needed. I was down to my last few dollars and needed something so I joined. And started advertising the link they gave me.

People sighed up like crazy. I was impress with the amount of interest in the forex industry. I decided that I need to learn more. So I found a broker; Optinbit.

I opened an Account. (Its Free).So I Invested $300 in myself; I dowloaded there Free manual. Then I started to Trade. It was a little scary at first. I stated small I made a few successful trades. Then I started having fun It got to be addicting. I started to make bigger trades I thought I had finally made it.I had made about $600 in the my first two weeks. I can finely say I was making money online.

 WELL as we all know bigger trades mean bigger loses. Remember I still knew nothing about forex trading.  So I lost my A**. Well I was a little discouraged.

So I went back too the PreLaunchX by now all my circles where open and I bought my first forex product;  Trend Wave This product help me set up a learning platform. You get a demo acc That is a live feed (real time). So you can practice Trading before you trade with real money.

 After study I chose the EURO/US dollar too trade. I am now making 200 to300 a day on average trading with my Forex Trading Acc

I have recently Purchased A product that has been making me money an auto pilot. I am proud to bring you this; it is something TRULY revolutionary? Something that has never been featured on the world wide web ever before?


HIS HANDS ON! Called  FabTurbo   features something that has never been done before. I assure you.. Im still in trance as we speak.. and a little shocked.

3 I.T experts united and created a forexrobot that:

a.) grows small forex accounts into tens of thousands of dollars

within a couple of months

b.) never lost the deposit since 1999

c.) works fully automated while you sleep!

IMPORTANT: Those are not paper results or demo.. they put showcases

on their website that show how the robot rades and multiplies the 

money in real time! REAL DEPOSITS with renown brokerages like

interbank fx, fxcm fxdd, fxpro ducascopy and many many more!

See undeniable proof of those bold claims at: FabTurbo


As the word spreads already thousands of users are multiplying

their cash.. the price of this super automated money making tool is

increasing as we speak.., they already increased it (no stupid

marketing fluff!)

and what's even worse.., they are about to CLOSE THE DOORS! You owe

it to yourself to at least check out what this killer robot is

capable of!

Have a look before they pull the curtain.. you have nothing to
loose but everything to gain.

Sincerly yours,
Terry B.

Monday, August 27, 2012

This is where I started a year ago and never looked back;


Service Offering:
Foreign Exchange Broker;
Financial hub of the Caribbean islands;
Target Launch Date:
August 27, 2012
Service Details:
Forex Firm X are working toward launching a new forex trading platform backed by unparalleled new predictive analysis technology. They expect their new service will leave competing brokers playing catch-up for years to come. Specific details of their service offering are being closely guarded due to the highly competitive nature of this industry. what is forex?
Earning Potential:
    There are three ways your potential earnings can grow during the prelaunch build-up with Forex Firm X... earnings statement
  1. Managed Trading Account
    Forex Firm X will automatically create a forex trading account linked to your PLX account. This account will begin with a balance of US$100. They will trade this linked account in the forex market on your behalf. The trading decisions will be made by their in-house staff of experienced forex traders in combination with the predictive analysis technology they are developing.
  2. Sign-up Bonuses
    Forex Firm X have agreed to pay you a one-time sign-up bonus of US$100 for each person in your first social circle and US$20 for each person in your remaining unlocked social circles (2-10). Payment of sign-up bonuses requires that the people in your launch group create forex trading accounts with Forex Firm X after their official launch.
  3. Monthly Commissions
    Forex Firm X have agreed to pay you a recurring monthly commission of US$10 per month for every PLX user in your unlocked social circles who creates a forex trading account and maintains an active trading balance with Forex Firm X after their official launch.
What is Forex? Forex (also called foreign exchange, FX or currency trading) is the largest financial market in the world. This market enables the exchange or “trade” of foreign currencies. For example, a company in the U.S. may need to pay a company in Europe, thereby creating a need to exchange U.S. Dollars into Euros.
Who uses Forex? Companies and individuals around the world may engage in forex trading for various reasons. Individual traders most commonly trade forex as a speculative investment. The “exchange rates” from one currency to another are always fluctuating. This creates an opportunity for individual traders to profit from these movements.
How does it work? As an example, if you expected that the Euro would gain value against the U.S. Dollar, you may buy Euros in exchange for U.S. Dollars. To do this you would place a buy order on the EUR/USD currency pair. Then, if the exchange rate moved as you expected, you could then close your transaction, which would exchange the Euros you purchased back into U.S. Dollars at the new higher exchange rate. In this case, you would earn a net profit. This type of transaction is called “going long”.
Another example: You can also profit if you expect a currency to lose value against another currency, this is called “going short”. In this example, you expect that the value of the Euro will fall against the Japanese Yen. So, you place a sell order on the EUR/JPY currency pair. If the value of the Euro drops as you expect, you could then close your transaction. This would buy back the Euros you sold using the Yen you were holding at the new exchange rate, effectively netting you a profit on the fall of the Euro.
If you want to learn more about how forex trading works, we suggest starting here... Wikipedia article: Foreign exchange market
    Here are a couple of questions and answers to help you better understand our launch agreement with Forex Firm X...
  1. Can I withdraw money from the managed forex trading account?
    Not yet. The forex account is owned and managed by Forex Firm X until their official launch. The managed forex account is linked to your PLX account with a unique anonymous identifier. When Forex Firm X officially launches, we will provide a special link for you to create a new forex trading account with Forex Firm X. When you do, Forex Firm X will transfer the money in the managed account to your new forex trading account.
  2. Do I need to report the earnings in the managed forex account to my tax authorities (local or national government, etc.)?
    We believe that in practically all cases the answer to this question will be “no”. However, to be sure, you may want to check the regulations of the tax authorities having jurisdiction where you live.
    We expect you will not owe taxes on the managed forex account because it is not owned by you yet. It is simply linked to your PLX account until Forex Firm X officially launches, and until you actually create a forex trading account with them. At that time, and provided that both of those conditions happen, the balance will be transferred to your new forex trading account.
    Once the balance is transferred to a forex trading account owned by you, you will almost certainly owe taxes on your earnings according to the tax regulations where you live.

You can find my personally recommended Products

 that I use to make  profitable weeks, EVERY WEEK!!!


                            HAPPY TRADING;

Saturday, August 25, 2012

For Beginners

Ever heard of the terms exchange rates, central banks, currencies? Sure you have and you have probably heard about the serious money that’s been made by banks and private investing companies over the years. Yes we are aware of the risks and complications that can arise from trading Forex but having a keen eye for detail and [...]

Ever heard of the terms exchange rates, central banks, currencies? Sure you have and you have probably heard about the serious money that’s been made by banks and private investing companies over the years. Yes we are aware of the risks and complications that can arise from trading Forex but having a keen eye for detail and a willingness to learn we can find that we can reach those achievements we have always longed for. Having a good Forex sense doesn’t mean you must only have a keen sense over financial matters because as you will learn or probably already know that Forex is also influenced by economic situations. Learn to read the market and you will earn millions (granted you will need money to invest first!)
Forex is built and supports all international currencies. Wherever there is an exchange rate there is money to be made! If you wish to learn Forex you will need to get an idea of other countries economic and finacial situations as well as the other country you have paired your exchange with. You will need to learn what influences the exchange and teach yourself to trade in your favor before money is lost. It sounds complicated at first, as anything is but once you get the hang of it you will soon be cursing for not having money invested because you saw a good trade a mile off.
Popular forex trades are made up from these listed currencies. Anything paired will make up a foreign exchange: USD, EUR, GBD, CAD, AUD, NZD, JPY, CNY, HKD, SGD, CHF, DKK & NOK
Forex possesses a big role to global industries and can seriously effect the import / export price of goods. Imagine thinking you got a great deal shipping in millions dollars worth of stock from China only to find the Chinese yen has strengthened. So rather than spending your cool million dollars you are now forking over $1.3 million for the exact same stock! This alone turns many deals sour but nevertheless when exchanges are in your favor big companies make sure they get their orders in.
According to record, United Kingdom gains the biggest turnover in the foreign exchange market. It acquires 36.7% of the $3.98 trillion average daily earnings as of April 2010. In return, the country is recognized as the most important center for FOREX trading.

Friday, August 24, 2012

Before you can get started with forex trading, there are so many questions to answer.

 How do I choose a broker? Should I use a demo account? What do I need to know before making my first trade? To answer these questions one at a time, in order of importance.
Making a decision on which broker to use is personal for each trader. Some brokers offer certain options that some traders will thrive on, while other traders will hate the broker for those same options. It is important to review and compare the options of each broker closely and choose the one that makes you feel most comfortable.


Once you have made your decision on which broker you like the best, it is time to open a demo account. Most brokers will offer at least a 30 day trial of their trading platform giving you a chance to trade on the platform using play money. Using a demo account is a good opportunity to make sure that you feel comfortable using the brokers trading tools. You would not want to trade real money without being fully comfortable with the trading platform. A demo account will not only help you get a grip on how to use the brokers trading platform, but also trading the market in real time.
Forex trading is typically carried out using leverage, or trading on margin. Margin is a useful tool, but it can be very dangerous if it isn̢۪t used correctly. Forex brokers typically offer anywhere from 50:1 leverage up to 400:1 leverage. The higher the number, the less money required to put on a large trade. The use of leverage is something that needs to be taken with a lot of care.
Before you start making trades you should get familiar with charts and how they work. It is a good idea to get familiar with the different time frames and the different types of charts. The shorter time frames will give you an idea of how the market is moving minute to minute. The longer time frames can show you how the market moves over longer periods and will show the larger trends. Most charting software will offer charts as lines, candlesticks, or bars. Take plenty of time to try out different looks and time frames to find the style that you are comfortable with.
  1. Learn about candlesticks
  2. Learn to understand support and resistance
The first trade is a nervous and exciting experience. The demo account prepares you for the technical aspects of trading, but when real money is on the line, emotions will come into play. It is important that you keep a level head and do your best to trade with the same methods that you practiced on the demo account. It may prove to be difficult, but if you master your emotions and use sound money management, anything is possible after this step. If your first trade loses money, do not give up, just piece together where you think you went wrong, and try again.
Forex trading is a constant learning experience. Trading mistakes can be expensive. If you learn from those mistakes and do your best to avoid them in the future, you can become a very successful forex trader.
To Your Success;
Terry B.

Wednesday, August 22, 2012

I Know Currency analysis can be a complicated process.

    Good Morning traders,
    Fundamental Analysis
    Fundamental analysis is an important part of learning to understand the markets. In the short run, the results are not always straight forward, they can even seem backwards. In the long run, currencies will always move along with fundamentals. Learning to use fundamental analysis will help you to understand the reasons behind trends and give you insight into currency movements.
    Optionbit® Trading Invest $200 - receive 30% bonus/Invest $500 - receive 40% bonus
    Free Book On Trading Discover The Tools That Expert Traders Use. Order Your Free Book!www.metastock.com/google2
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    Technical Analysis
    Technical analysis has long been used in traditional markets like the stock market. Technical analysis methods rely on price history in order to predict the future. There are numerous methods used in the predicting, but the bottom line is that they always rely on price movements of the past. Technical analysis takes a few different forms and many methods of use.
  1. Introduction to Technical Analysis
  2. Support and Resistance
    Good Luck, Have fun!!!

Tuesday, August 21, 2012

Forex trading is all about managing Risk and Emotions.

Good Morning Fellow Marketers; Prospective Traders.
Making a forex trade is a simple process, but it's something that should be done with caution. Forex trading is all about managing risk and emotions. If you are making forex trades and you feel emotional, nervous, or any anxiety at all, you need to take a look at what you're doing.
Most traders that have issues with nerves have either lost money, they are trading with too much leverage, or both. If this is you, take a look at the basics of forex risk management and start doing things like setting reasonable stops and reducing your leverage. It will help tremendously.
The Mechanics of the Process
To make a forex trade, you'll need a forex broker. If you don't have one, see this;
. Once you find a broker you'll need to open a Forex Trading account. A simple process, but it can take a few days to get everything squared away.
Once you have a forex trading account that is funded, you can prepare to start making forex trades. The first thing you'll need to decide is what you want to trade. A particularly liquid and well traded currency pair is the EUR/USD. It moves around 70 pips a day on average and is the currency pair of choice for many professional traders. If you think you might like to start with something that is typically slower, take a look at EUR/GBP. Slow might be boring, but it won't kill your account if you make a misstep.
Once you've decided on a currency pair to trade, open a chart and do your trading analysis. Which direction do you want to trade? You can make a long or short trade. You short a currency pair when you expect it to fall in value, and you buy it, or go long on it.
After you decide what you want to do, it's time to make your trade. Some brokers allow you to right click right on the chart and make your trade, while others have buttons that say buy or sell. Make your appropriate choice and prepare for a new screen to come up. Different brokers have various screens, but they all say generally the same type of thing. There is a field showing you the current price of the currency pair, a field for lot size(trade amount), one for a limit(close on profit), and one for a stop loss(close on loss). Some brokers have other options, but for the purpose of this tutorial we will keep it simple.
If you have a target in mind, set a limit order for the price you think your trade could potentially reach. Some traders prefer to trade and see what happens, and that's OK, but you should get in the habit of setting target prices. It tends to help you avoid making trades, just to make them. Equally important, you should set a stop loss. (See: stop loss basics) A stop loss is like an emergency exit when your trade has proven that it's not going to work out. A stop loss shouldn't be used to prevent just any little loss, it should be used to end your trade when the trade has proven that it is definitely not going to work out. Stop losses get you out of the market at a loss that you find to be an acceptable one, it's not something you should overlook when entering your trade.
With your trade entered, now comes the best part, submit your order to the market, and let the market do what it's going to do. You can certainly watch the action for hours on end letting your emotions whisper in your ear on every move up or down, but it's best to go do something else and let your programmed logic handle your decisions. Something that is common with new traders is to sit and adjust trades constantly, flip directions, etc. This is a counterproductive method of trading and it will slowly drain your account, try to avoid it.
Once your trade ends, whether the result is good or bad, log it in your forex trading journal and start looking for your next trade.
Keep in mind that you can't win every trade, so rather than letting your losses get you down, study them and figure out what went wrong. To be a successful trader you simply need a unified approach to risk and to win more trades than you lose, that's it.
Good luck to you and remember, if you ever have any questions, you can email me at
Terry Burch;

Monday, August 20, 2012

What You Don't Know About Forex;

Hi Friends & Traders,

If you have always wanted to cash in on the Forex

trading phenomenon, you'll definitely want to hear

what I have to say...


 What You Don't Know About Forex Trading Is Costing You

A Fortune! - Here's The Straight Scoop On How To

Become A Successful Forex Trader In Just Minutes A Day!

 Do any of the following statements describe you?

 >>> I want to trade successfully in the Forex market, but

I don’t know how to get started.

 >>> I’m currently trading, but I really don’t know what I

should do next.

 >>> I don’t know which indicators I should pay attention to.

 >>> I have bad timing. I’m always entering my trades much

too early or exiting them too late.

 >>> The market seems like it’s just always against me.

 Don’t despair! Most new traders attribute their losses

to Forex trading being “too complicated”.

 Studies show some interesting things about new Forex

traders. It seems that most of them make use of popular

systems that rely on improperly used technical

indicators and hidden logic trading systems.

 Look at all the Forex educational websites: almost all

of them offer these sorts of systems as their training.

 It’s not really surprising then that most new traders

think that these systems must be the only right way to

successfully trade Forex.

 However, it’s really not.

 Oh, they’re partially right about that. However,

they’re only partially right about it.

 These systems work just fine for some people.

 If cluttered and confusing charts are your way of

doing business, then these systems might be for you.

 If you can take such a long-term look at things that

what’s happening right now doesn’t really matter to

you, then you might do all right with these systems.

 If you like working blind, then these systems might be

for you.

 I don’t like working blind. Do you?

 To learn how you can put FOREX to work for you

profitably check out my full report below.

 click here:

To Your Success,

 Terry B.

 P.S. Isn't it finally time to end the confusion once

and for all, Forex for newbies can help!


Linked accounts profit on Euro fall.

The 2007–2012 global financial crisis, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.[It resulted in the threat of total collapse from large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis.[ The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007 when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".[4
The bursting of the U.S. housing bubble, which peaked in 2006,[5] caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[6][7] The financial crisis was triggered by a complex interplay of the overvaluation of bundled sub-prime mortgages, questionable trading practices on behalf of both buyers and sellers, and a lack of adequate capital holdings from banks and insurance companies to back the financial commitments they were making.[ Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined.[11] Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts. Although there have been aftershocks, the financial crisis itself ended sometime between late-2008 and mid-2009.[1 In the U.S., Congress passed the American Recovery and Reinvestment Act of 2009. In the E.U., the U.K. responded with austerity measures of spending cuts and tax increases without export growth and it has since slid into a double-dip recession.[
Many causes for the financial crisis have been suggested, with varying weight assigned by experts.The U.S. Senate's Levin–Coburn Report asserted that the crisis was the result of "high risk, complex financial products; undisclosed conflicts of interest; the failure of regulators, the credit rating agencies, and the market itself to rein in the excesses of Wall Street. Two factors that have been frequently cited include the liberal use of the Gaussian copula function and the failure to track data provenance.The 1999 repeal of the Glass–Steagall Act effectively removed the separation between investment banks and depository banks in the United States Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets.In response to the financial crisis, both market-based and regulatory solutions have been implemented or are under consideration. Paul Krugman, author of End This Depression Now! (2012), argues that while current solutions have stabilized the world economy, the world economy will not improve unless it receives further stimulus. Buchanan, Gjerstad, and Smith argue that fiscal and monetary policy are ineffective, failing to reignite residential investment and construction as they have in past contractions. The current type of contraction requires balance sheet repair via currency depreciation and export-driven growth. Fiscal stimulus extends a current account deficit and retards export growth. If the world economy does not improve, many economists fear sovereign default is a real possibility in several European countries and even the United States

Sunday, August 19, 2012

Trading advice

ForexTrading.org is offering you a trading advice weekly. This might contain safety information, rules for the Forex or tips to improve your earnings. Make sure to check the page weekly to gain the most recent advice, or read all the Forex tips.

This week's advice: This week’s advice talks about the best ways to predict value changes. There are a lot of ways to predict the change of a currency against another currency. We advise you to read about the Forex market and become interested in all the subjects that can change the value of currencies. For example, take a look at the financial news every day, If you read that there there’s an increase in the number of jobs available or a decrease in unemployment, there is a high chance that the discussed currency will become more valuable.

Furthermore the currency is connected with the stock exchange market. If the Nasdaq has a good day, the chances are that the Dollar will change accordingly. Before you start immersing yourself in the Forex market you will do good by reading about Forex so that you build up sufficient knowledge on the subject.

Last week:This week we’ll give you some advice about using the promotions that your Forex broker offers. When you are new to Forex trading you will probably come across a lot of promotions where you can get free money to trade with. These bonuses often give you an X percentage of money (based on your initial first deposit) on top of your first deposit. Before you accept one of these bonuses we advise you to check the bonus agreements thoroughly so that you know what the pay-out requirements are.

If you decide to use the bonus and to start trading, we advise you to deposit a high amount. This because the bonus promotions are aimed at new costumers and the higher the first deposit, the higher your bonus will be. Join me today; for more on forex trading; Check it out here:

Saturday, August 18, 2012


The Physiology

The mouth: editor’s note – At the top of every email Sara greets readers and gives them a preview of what’s going to be talked about. She also encourages readers to contact her and links to her social media networks.
The eye: readers’ photos – People like sharing pictures of their pets and looking at pictures of other cats. Just look at I Can Has Cheezburger. Including a section that features a picture of one of her readers’ pets is a great way to engage subscribers.
The nose: relative sponsors – Including ads in your emails is a great way to earn some extra cash. Done the right way, and it’s also helpful to your subscribers. Sara features a site that sells accessories for dogs, which is perfect for her audience.
The ear: readers’ requests – Every email asks readers to submit topics they’d like to see. This shows that Sara cares about creating valuable, relevant content to her subscribers, and providing content they want leads to higher open rates.
The tail: archive access – The end of each email includes a link to the broadcast archive, where subscribers can read previous emails. This is a great option for new subscribers who want to see the tips and topics already covered.

We love pets, and so it warms our hearts when we find customers' pet-related businesses doing great things with their email marketing campaigns.

Take Sara Hansen's website Dog's Best Life. Her emails consistently average 50% open rates, thanks in large part to her fun email marketing design and content.

We'll break down what makes Sara's emails so cool in hopes to spark some email design inspiration for you. Components of an Effective Email


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Thursday, August 16, 2012

Euro gains on dollar on back of impressive jobs data

Hello, Traders & Friends

The US dollar endured a difficult day in forex trading on Friday (August 03, 2012) compared to the euro – even on the back of impressive jobs growth in the country.

Forex investors decided to embrace risk as the euro enjoyed its largest single-day gain for a month as hopes began to expand that the region’s debt crisis could be contained.

Optimism grows

Optimism had been growing around the European single currency even prior to the US jobs data being released. That’s because the European Central Bank (ECB) had indicated that it would offer further support to both Italy and Spain during its meeting on Thursday.

Focus appears to have switched among forex investors from the fact that the ECB did not take any immediate action – to the fact that it has outlined a clear path that will allow it to make a forceful move in the future. The ECB has stated that it will make plans over the coming weeks with regards to outright purchases that could potentially stabilise the currency and the euro zone’s borrowing costs.

On Friday, Mario Rajoy, who is the Prime Minister in Spain, appeared to inch closer to requesting a bailout for his country but suggested that he needed to know what potential conditions would be attached to a bailout and what format a potential rescue would adopt.

Overall, the euro increased by 1.6 per cent to $1.2378 – marking its best efforts in forex trading since the end of June. In addition, the thirst for risk taking among forex investors saw the currency enjoy a fight back compared to the Japanese yen as it leapt by 2.1 per cent to stand at 97.24 yen.

Dollar concerns

Meanwhile, the US dollar enjoyed a rise of 0.4 per cent compared to the Japanese yen: reaching 78.54 yen.

During July, US employers hired the largest number of workers for a five month period: although the jobless rate in the country did increase to 8.3 per cent which meant that the prospect of increased stimulus being introduced by the Federal Reserve remains on the cards. It has sent a strong signal that if the recovery does not speed up it may introduce more stimulus soon.

Read other news articles: