This is a video from Martin Smith with the daily outlook from UFXMarkets. Wall street declines all around with the NASDAQ falling by 1.00%, DOW by 0.43% and S&P by 0.67%. The US Dollar however gained against the most of the majors as talks to form a Governement in Greece failed. In commodities, Gold fell by 0.18% closing at $1,540 an ounce. Crude also fell by 0.54% to close at $92.77 a barell, the lowest in 5 months. Trading below resistance of 1.2780 is keeping the momentum of EUR/USD negative with the pair positively testing the 1.2625 again. The RSI points to trend remaining bearish. Overall the pair traded with the low of 1.2680 and high of 1.2758. GBP/USD pair is maintaining resistance at 1.6060 pointing to bearish trend eventhough it might test the 1.5876 again. If the pair breaks down below this it may even reach 1.58 level. The AUD/USD pair will also continue its bearish trend if it maintains resistance at 0.9980 level. Breaking this level to cause it to test the support level at 0.9865.
May 17th, 2012 | Posted in Forex Tutorial | No Comments
Last Friday, the yen rose as government data showed that US Nonfarm payrolls added 115,000 jobs, which is the smallest gain in six months.
May 6th, 2012 | Posted in Forex Tutorial | No Comments
We start with the US stock market — The S&P 500 and Dow Jones declined slightly after an ADP of Non-Farm Employment change showed employers added only 119K jobs in April, a 7 month Low.
May 3rd, 2012 | Posted in Forex Tutorial | No Comments
Wall street closed the trading day in green as the NASDAQ rose by 0.13%., closing at 3050.44. The DOW JONES added 0.50% to it value closing at 13,279.30.
May 2nd, 2012 | Posted in Forex Tutorial | No Comments
Wall street closed the trading day on the negative side as the Dow Jones declined by 0.11% closing at 13,213.60. The NASDAQ fell by 0.74% closing at 3,046.36.
Posted on Forex Video Zone.
May 1st, 2012 | Posted in Forex Tutorial | No Comments
Wall Street closed the trading week in the green as the NASDAQ rose by 0.62% closing at 3,069.20; the Dow Jones added 0.18% to its value, closing at 13,228.30.
April 30th, 2012 | Posted in Forex Tutorial | No Comments
Stock markets finished mixed with a tendency to inclines following stronger than expected New Home Sales in the U.S. The Dow gained by 0.58%, NASDAQ declined by -0.30% and S&P 500 rose by 0.37%.
April 25th, 2012 | Posted in Forex Tutorial | No Comments
Stock markets started the week in decline as political turmoil in Europe raised doubts of an ending to the debt crisis.
April 24th, 2012 | Posted in Forex Tutorial | No Comments
Wall Street finished in the green as the NASDAQ rose by 1.82% closing at 3,042.82; the Dow Jones added 1.54% to its value, closing at 13,120.10, and the S&P closed positive, strengthened by 1.52%, closing at 1,390.42 points.
April 18th, 2012 | Posted in Forex Tutorial | No Comments
Wall Street closed mixed as the NASDAQ fell by 0.76% closing at 2,988.40; the Dow Jones added 0.60% to its value. Technically, as long as the Dow is trading below the resistance level of 12,950, the trend will remain bearish. Next strong support level for the index is at the 12,800.
April 17th, 2012 | Posted in Forex Tutorial | No Comments
