Latest Forex News 4-12

USD: Stocks proving to be soft into the NY close, down around 0.5%, but notable that the dollar was reluctant to show any perkiness as would normally be expected. Fiscal cliff seems to be giving it more of a headache.

EUR: Holding steady overnight. Eurozone finance ministers meet today and Greek bond buy-back continues, the success of which is key to ensuring Greece gets its next aid tranche.

JPY: Relatively steady overnight, but still a modest downward bias on USD/JPY owing to the extent of short JPY positions which some are deciding to cover; the upward momentum has waned.

AUD: The RBA cut rates by 0.25% to 3.00% as broadly expected. The Aussie was slightly firmer on the news, reflecting some hopes of bigger cut. Around half of initial bounce unwound.

GBP: BRC retail sales data showed 0.4% YoY on line for like retail sales. Up from -0.1% Oct number, but weaker than expected. Eyes firmly on level of Christmas demand this month.

Source

Latest Forex News 3-12

USD: The grand-standing around the fiscal cliff shows both sides retaining their entrenched positions with no signs of compromise. The dollar implications are becoming less clear as the market struggles to buy the dollar on a ‘risk-off’ strategy - at the same time that the country is heading for a fiscal car crash.

EUR: German Chancellor Merkel suggesting that in time, Greece could see some of its debts written-off. Comments reported in Bild newspaper, but caveat is it could only happen once budget is on sustainable footing

JPY: Weekly CME data showing yen shorts at highest for several years, keeping risks of further down-moves in USD/JPY as short yen positions are covered.

AUD: Retail sales data on the soft side, holding flat in October, having risen by a month average of 0.3% over the past year. AUD falling for 3rd consecutive day on the back of the release, which cemented view that RBA will cut rates on Tuesday.

GBP: House price data overnight (Hometrack) showing holding in negative territory at -0.3% YoY. Focus turning to Wednesday’s Autumn Statement from the Chancellor, in which further fiscal demands are expected to be imposed on the economy.

CNY: Various purchasing managers' data released over the weekend and today, all showing modest increases and offering further comfort to the view of a controlled soft landing in China.

Latest Forex News 30-11

EUR: Through the day-to-day noise, the euro has done reasonably well over the past two weeks. Still, to really attract attention, this current push higher would need to break through the September/October high and get above 1.32. Some worries that the Greek debt buy-back proposal is already unravelling.

JPY: Weaker overnight, some talk that it was related to Softbank’s purchase of Sprint. Japan’s government announced a JPY 880bn stimulus package, as mooted a few days ago.

AUD: Since early October, has respected a gently-sloping uptrend, although with an occasional wobble. These days trades more like a safe-haven currency than a high-beta one – yesterday it fell despite the fact that risk assets strengthened.

GBP: Had a healthy bid despite total lack of new news. Indeed, has looked comfortable for two weeks now, without really breaking any new ground. Needs to trade above 1.61 to really test the mettle of the bears.

Source Fxpro

Latest Forex News 28-11

EUR: Yet another case of buy the rumour (of a Greek debt deal) and sell the fact, with the euro retreating after running into a determined wall of sellers up at 1.30. Upbeat economic news out of the US helped the buck, as did month-end flows. Single currency may drift lower near term.

JPY: Yen shorts headed for cover again overnight, amidst rumours that the government in Japan would announce a massive fiscal stimulus on Friday. May see yen climb further in the very near term in what will be a big test of conviction for the bears.

AUD: Struggling very slightly, although not in a way that should cause too many alarms. Asian equities off by around 1% overnight and yet Aussie still fairly firm. Some traders alert to rising prospect of a rate cut next week.

GBP: Sterling got a lift yesterday as traders and investors alike responded positively to the news that Mark Carney had been appointed BoE Governor. Month-end flows probably helped the pound as well. Some of yesterday's gains have been diluted overnight

Source FXPRO

Latest Forex News 28-11

EUR: Yet another case of buy the rumour (of a Greek debt deal) and sell the fact, with the euro retreating after running into a determined wall of sellers up at 1.30. Upbeat economic news out of the US helped the buck, as did month-end flows. Single currency may drift lower near term.

JPY: Yen shorts headed for cover again overnight, amidst rumours that the government in Japan would announce a massive fiscal stimulus on Friday. May see yen climb further in the very near term in what will be a big test of conviction for the bears.

AUD: Struggling very slightly, although not in a way that should cause too many alarms. Asian equities off by around 1% overnight and yet Aussie still fairly firm. Some traders alert to rising prospect of a rate cut next week.

GBP: Sterling got a lift yesterday as traders and investors alike responded positively to the news that Mark Carney had been appointed BoE Governor. Month-end flows probably helped the pound as well. Some of yesterday's gains have been diluted overnight

Source FXPRO

Black Friday online sales reach $1 billion

 

Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, Online sales jumped 26 percent on Black Friday to $1.04 billion , comScore source

Via reuters

Why Binary Forex Options are better than Spot Forex

 

This is most important, the reward to risk ratio on Binaries is FAR FAR superior than Sot Forex. You can buy your typical binary option for $20 per contract (and some you can buy for $5!) This means if you win, you gain 5X your investment, or what you risked! ($20 x 5 = $100) To do this on a Spot Forex Position you would have to travel into positive territory that is five times your stop loss! This rarely happens because the Forex market is like a whipping dragon, and it's hard to tell when a reversal is in progress. Most Spot Forex Traders that I know usually only have a take profit that is around the equivalent of their stop loss. This means that a lot of Spot Forex traders are only gaining what they risk.

You can’t get stopped out in Binary Forex Options. You’ll sleep better at night not having to worry about whether or not your position is going to get stopped out, despite the fact that price is ultimately going in the direction that you thought it was! (You can get timed out, of course, but when you consider there are WEEKLY Binary Forex Options, it's really not a problem.)

There is no sneaky broker problems like in Spot Forex. You don’t have to worry about requotes or widening spreads with Binary Forex Options. And you just don’t have to worry about stop hunting in general.

You can Hedge with a single account with Binaries Forex Options. And because your pay out is so much higher than what you invest/risk, hedging makes perfect sense with Binary Forex Options. Unlike Spot Forex, where the risk to reward ratio is relatively low. If you buy a binary contract for $25 and sell an opposing Binary contract for $25, the payout is $75 even after your losing side fails!

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