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Reliable Forex Trading Signals Daily Currency Update

05.13.2011 · Posted in Day Trading

Soon after another above target CPI in April, Chinese officials decided to increase the reserve requirement ratio for their banks by 0.5%, the 8th rise in 5 months. Every time China, the world’s second biggest economic system, takes steps to decrease the growth, a flight to safety develops. Commodities suffer the most seeing that demand coming from China is predicted to slow due to tightening.

Crude oil dropped on Thursday, building on the yesterday’s sharp losses, as the International Energy Agency warned that increased oil pricing is resulting in lower demand, especially in the U.S. The U.S. is the largest oil consumer, followed by China. Include these two developments collectively and a perfect storm is formed for the U.S. dollar’s rally and a slide in stocks. The USD fx gains were helped by weak U.K. manufacturing Production and a very much softer than predicted report on the Euro Zone Industrial Production.

EUR/USD reliable free forex trading signals: The EUR/USD at first tried running higher but 1.4420 resistance kept sturdy and as whispers encircling the possible postponement of a recovery package to Greece appeared it was strongly sold lower. There is lots of mixed thoughts with traders and at this time the bulls are content buying the dip respecting the 1.4150 support and the bears are happy to sell rallies back toward 1.4250 initially.

USD/JPY accurate, reliable free fx signal: The USD/JPY proceeds to grind higher and the more time we reside over 80.50, the better chance we have to crack higher in the approaching days and this sustained rally has fx traders sensing a general change in the sentiment and a careful bullish tone is now growing providing that the rally can be endured. A split down through 80.50 can bring the bearish tone back again.

GBP/USD best daily professional forex trading signals: GBP chipped higher on the BoE announcement that inflation in the UK could very well reach 5% in the near term and traders took this as an tremendously favorable signal. This news put together with a crack of significant resistance saw the GBP up to the highs where the reversal occurred as the unfavorable news out of the Eurozone caused the GBP to get caught in the crossfire and sold heavily.

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