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Daily Outlook 30-07-2014

Post  commexfx broker on Thu Jul 31, 2014 7:55 pm


The advance estimate of US Q2 GDP may affect the Euro in a big way today as can the FOMC decision. With Dollar Index reaching close to the 8-10 months old supply zone in 81.40-50, anything is possible now including a short term top for the Dollar. Keep cautious tonight.

Euro (1.3411) is testing the 200 week MA and the FOMC decision today may decide if it will hold or not right now though Euro looks ready for a journey to 1.33 or 1.31 in the next few days. Any attempt to bounce will face supply from 1.3475-1.3500.

Dollar-Yen (102.12) is trading close to the resistance of 102.25-30 with no strong bias and the price action here may decide if it will rise towards 102.80 or return to 101.50-10 levels. Euro-Yen (136.97) is trading sideways in 1.3630-1.3730 on the back of equally weakening Euro and a weak Yen but it may still drop further if fails to overcome 1.3770 levels in the coming days.

Pound (1.6949) has created a Marubozu weekly candle with strong bearish implication in the short term. If the prior pattern is maintained, then this ongoing correction may end near 1.6890-75 levels before reversing for another new high.

Aussie (0.9381) has been rejected from the higher levels just as expected and the 5-week long band of 0.9320-0.9500 may continue for a few more days.

Gold (1299.63) is trading lower. The correction that started from 1345 is still not over and has some room on the downside towards 1280.5. Long term bearishness is still in force while below 1350-1400. Falling to1280-1260 seems a possibility in the longer run.

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Daily Outlook 31-07-2014

Post  commexfx broker on Thu Jul 31, 2014 7:59 pm


The US GDP information brought more cheer for the Dollar bulls all over yet maybe the time for some alert is here with the Dollar Index still not able to convincingly exchange over the 10 month safety of 81.50 and the Sterling hinting at inversion. A transient top in Dollar and a fleeting base in Euro? Let watch.

Euro (1.3399) is immovably exchanging beneath the 200 week MA now and any remedial ricochet may confront safety at first at 1.3415-45 and afterward 1.3475-1.3500. It searches prepared for a voyage to 1.33 or 1.31 in the following few days.

Dollar-Yen (102.76) hit a 3 month high at 103.09 after the US information yet may think that it hard to climb further to 103.50-104. A sideways move in the extended scope of 101.-103 looks more likely now. Euro-Yen (137.68) bounced higher on the over of a forcefully debilitated Yen however for real quality, a break over 1.3850 is essential.

Pound (1.6949) is attempting to turn around precisely from our target level of 1.6890 and keeping with the prior example, we may finish up forcefully that the amendment has finished. Purchasers may rise here with a stoploss underneath 1.6885 for a fabulous danger reward degree.

Aussie (0.9327) hit a 3 month low at 0.93 levels and unless it figures out how to exchange over 0.9350-60 soon, the bears may endeavor to push it down to 0.9250 levels. At this time, the whole more extensive band of 0.9250-0.9550 is grinding away.

Gold (1294.69) has additionally dropped after better US GDP turned out and the US values went down. Right now exchanging simply over 1292.8, it may head towards 1280.5. Long haul bearishness is still in power while underneath 1350-1400. Falling to1280-1260 appears a plausibility in the more extended run.

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Daily Outlook 1-08-2014

Post  commexfx broker on Mon Aug 04, 2014 3:11 pm


Except the Aussie and the Pound, no other currency moved much. Yen may weaken further but keep an eye on Aussie, where the drop is surprising in the context of a violent rise in Chinese equities.

Euro (1.3388) is taking a pause in the form of a Triangle and looks set for a drop to 1.33 in the next 1-2 sessions. Any corrective bounce may face resistance initially at 1.3415-45 and then 1.3475-1.3500.

Dollar-Yen (102.89) is trading in the range of 101-103 as expected but now it may attempt the difficult rise to 103.50-104 if it manages to sustain above 102.80. Euro-Yen (137.75) is consolidating in the higher levels and may rise to test the resistance area of 1.3830-50, above which the door to 1.39 will open.

Pound (1.6857), contrary to expectations, has broken below the support of 1.6890 and now 1.6830 must provide support or else the 9-month uptrend may get threatened.

Aussie (0.9291) could not get back above 0.9350 as required for the
bulls and as a result, it has come down to the major channel support of 0.9250 as expected which must hold to protect the uptrend.

Gold (1283.79) extends its fall further towards our target of 1280 and a break below may see 1260 levels. Near term is bearish. Silver (20.39) is also on a downfall targeting 20.108 in the near term. No scope for bulls to be seen for now.

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Daily Outlook 4-08-2014

Post  commexfx broker on Mon Aug 04, 2014 6:12 pm


While the lower than anticipated US NFP information has debilitated the Dollar, the Indian Rupee holds up for the RBI meet tomorrow. About all the EM monetary standards are confronting solid backings, which must be broken to fortify the Dollar once more.

Euro (1.3418) ricocheted higher in opposition to desires yet to grow the bob, it must break over 1.3450. The ECB meet later this week may bring some short blanket however the significant pattern remains immovably down and set for lower targets.

Dollar-Yen (102.67) is exchanging the scope of 101-103 not surprisingly yet now it may in any case endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to manage over 102.35-25. Euro-Yen (137.76) is merging in the larger amounts and may climb to test the safety zone of 1.3830-50, above which the way to 1.39 will open.

Pound (1.6825) has indicated the end of its 9-month long uptrend and now every restorative ascent may face offering weight at the larger amounts. A bob may be expected from this help band of 1.68-67, so watch out.

Aussie (0.9322) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this extend, no drifting move will develop and sideways value activity may predominate.

Gold (1292.58) appears to climb now however unless it breaks 1300-1350, bearish weight would exist for some more of a chance. While beneath 1300 shots of a fall towards 1280-1260 still exists. Silver (20.36) is steady for the time being showing a fall towards 20.10. Gold-Silver proportion (63.462) has forcefully climbed and in the event that it breaks 63.82 it may focus on 64.9-65 levels indicating an ascent for the metals.

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Weekly Economic and Financial Commentary

Post  commexfx broker on Mon Aug 04, 2014 9:37 pm


U.S. Review
Growth Returns to a Solid Footing
The economy stretched at a 4 percent pace in the second quarter of the year, with wide based development over every real division except for net fares. Modifications to former quarters additionally demonstrated that the economy was a bit stronger in the second 50% of a year ago and contracted less in the first quarter.
Vocation climbed 209,000 for July, denoting a solid begin to the second from last quarter for the work market. The unemployment rate rose to 6.2 percent.
The ISM assembling file rose to 57.1 from June’s 55.3 perusing.
Development Returns to a Solid Footing
Monetary information this week strengthened our perspective for a robust development environment after a withdrawal in GDP in the first quarter. Second quarter GDP development climbed a robust 4 percent with broadbased additions. Livelihood information discharged this week for July demonstrated that 209,000 employments were included the month, while the unemployment rate rose to 6.2 percent. Particular wage and using information kept on reflecting stronger customer essentials, with pay and using both climbing 0.4 percent. Given the second quarter GDP information, we have overhauled our gauge this week. We now expect GDP development in the 1.9 percent range for 2014.
The second quarter GDP figure discharged this week demonstrated that the economy extended at a 4 percent pace with development in customer using, business venture, private development and government buys. The main negative for development for the quarter was net fares, which subtracted 0.6 percent from feature development. The biggest deviation from our figure for the quarter originated from inventories that added 1.7 percent to GDP. The robust GDP perusing for the second quarter put to rest reasons for alarm of a decelerating economy after the frustrating first quarter perusing. Information updates to past quarters demonstrated that last year finished on a stronger note and the withdrawal in Q1 GDP was not as incredible as initially thought.
July’s job report indicated that the second from last quarter was headed toward a strong begin. The country included 209,000 employments for the month, as the unemployment rate edged higher to 6.2 percent. Work development was expansive based over various businesses including proficient administrations, retail and assembling. The ascent in the unemployment rate originated from a build in the work power interest rate for the month. In a different report, livelihood costs climbed 0.7 percent for the second quarter to a 2.0 percent year-over-year pace. The predictable change in the process of childbirth economic situations and climb in the occupation expense file keeps on indicating less slack in the work market.
Particular salary and using information for the last month of the second quarter demonstrated that force behind customer using kept on building. Salary climbed 0.4 percent for June headed higher by compensation and pay development. True disposable wage recorded a 0.2 percent climb for the month. Purchaser using climbed 0.4 percent, headed by nondurable merchandise buys. Additionally on the customer front, buyer certainty for the month of July posted a sizable change, climbing to 90.9 from
June’s upwardly reexamined 86.4 perusing. The solid trust perusing gives some proof that shopper using will remain a key backing to GDP development in the current quarter.
Information on the assembling division from the ISM assembling review demonstrated that movement in the production line segment kept on improing in July, with the list climbing to 57.1. We keep on anticipating that the assembling division will post change as the year advances, in lock venture with stronger general household development.

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TO TRADE OR NOT TO TRADE?

Post  commexfx broker on Tue Aug 05, 2014 2:18 pm


Why do people trade? Obviously to become quick rich! Interestingly enough, only a small minority of traders ever make any profits worth mentioning-yet, despite this reality, trading still excites people and many see it as a fast money-making tool, and plunge into it, unaware of the risks involved!

Trading is not simple; it is a cocktail of many factors, such as knowledge, experience, confidence, patience and even psychology.

Let’s define them for the sake of argument, shall we?

The more knowledgeable and experienced a trader, the greater his chances of success. Armed with these two factors, he can anticipate market volatility, study the market trends (with the help of indicators and other trading tools), recognise the strength of certain currencies and will know when to close an order to make a profit. The more experienced a trader, the less mistakes he will make.

Knowledge and experience boosts confidence and this last factor is essential in developing a successful trading strategy. Confidence comes with time and it provides the ammunition to combat the complexity of trading, it allows you to succeed in making a better judgement of market trends, and makes you confident when choosing which currency to trade. Confidence also allows you to accept any mistakes you may make, reassuring you that it is not the end of the world and that mistakes can be a positive tool in avoiding all repetition of the same mistakes.

Patience is a virtue, and not more so than in FX trading! Patience is required to evaluate the markets and identify trading patterns, grasping golden opportunities to place orders, learning how to employ all indicators to assess the markets, etc. With patience, as a gift, a truly successful trading strategy can be developed. But patience is difficult to master in an environment of excitement and fast trade movement, which can bring both profits, whether expected or unexpected, and disappointment.

Psychology, how is this a factor, I hear you ask? Well, trading involves high risk, and any type of financial loss affects our psychology causing anger and disappointment, and the real feeling of failure sets in, so how do we deal with this? Well, we need to have a solid state of psychology when trading, we need to be armed with enough knowledge to enable us to trade to avoid any disappointment of losing, which can trigger anger and make us surrender. We need to also understand that being lucky is not the answer to trading; so if we make a win through luck, we should not imagine that this ‘false luck’ will continue to prevail in our trading strategy. This false hope may lead us to invest all our funds, and then maybe even losing them. Believing in ‘luck’ can be disastrous to any trading strategy.

So now that we have learnt all about how the above factors can affect our trading strategy, let’s venture into the fascinating world of FX trading and become savvy traders!!

CommexFX wishes you a pleasant and successful trading experience!

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Daily Outlook 5-08-2014

Post  commexfx broker on Tue Aug 05, 2014 5:16 pm


All the worldwide coinage are in an insensible mode with exceptionally thin extends with the ECM get meeting up and this unaltered situation may be thought about the Rupee as well, anticipating the RBI meet toward the beginning of today.

Euro (1.3418) is exchanging a scope of 20-30 pips yet to amplify the ricochet, it must break over 1.3450. The ECB meet later this week may bring some short blanket yet the real pattern remains solidly down and set for lower targets.

Dollar-Yen (102.56) is exchanging the scope of 101-103 obviously yet now it may in any case endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to maintain over 102.35-25. Euro-Yen (137.63) is uniting in the larger amounts and may climb to test the safety range of 1.3830-50, above which the avenue to 1.39 will open.

Pound (1.6863) bobbed of course however may think that it hard to handle the safety at 1.6890-6900 now. It has indicated the end of its 9-month long uptrend and now every restorative ascent may face offering weight at the larger amounts.

Aussie (0.9323) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this run, no inclining move will develop and sideways value activity may predominate.

Gold (1288.98) is battling in the 1280-1300 area. Force stays low and the metal may keep on remainning extent bound this week. 1280 has been a pivotal backing and we have to check whether it can throw the metal to larger amounts.

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SLIPPAGE-FILL OR KILL?

Post  commexfx broker on Wed Aug 06, 2014 2:37 pm


One of the first things a trader will ask a broker is if there is slippage? Slippage is what all traders try to avoid but due to the unexpected volatility of the FX market it is sometimes inevitable.

Slippage refers to the difference between the expected price of a trade, and the price the trade actually executes at. This means that the orders are not filled at the desired price!

Slippage occurs in different situations. Market volatility causes unpredicted volatility so it’s difficult to fill an order; the broker then finds the next similar price to execute your trade.

In slippage, it may also depend on the broker’s liquidity and its ability to fill the orders. Orders need to be filled in order to make a gain. Let’s keep in mind that the market is composed of buyers and sellers, so, when you want to make a sell, there has to be enough buyers at that desired price level in order to maintain the expected price of the trade. If there are not enough buyers then slippage occurs!

An imbalance of buyers and sellers will cause prices to move up and down. Slippage is not always negative, it can also be positive. So imagine that there was a flood of people wanting to sell their currency at the time the order was submitted, a seller could be found who was willing to sell them at a price lower than what was initially requested, resulting in positive slippage.

Slippage cannot be 100% controlled, but the following can be created to help curb it.

Limit Orders

These can only be filled at a requested price or better, so if the best available price is worse than the limit price, then the order will not be filled, it will be killed!

Market Range Orders

This allows you to set an acceptable price range ( in pips) to execute market orders. The order will only be filled within the range selected, otherwise it will be cancelled and no trade will be opened. This limits the amount of slippage your order could succumb to.

Slippage cannot always be avoided, but with the help of some of the above tools, the orders you place will be filled and not killed!

http://www.commexfx.com/slippage/

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Daily Outlook 6-08-2014

Post  commexfx broker on Wed Aug 06, 2014 4:35 pm


The Dollar quality is pushing the metals lower and may proceed with so in the close term indicating bearishness for the metals. Oil markets are additionally exchanging low.

Euro (1.3368) is experiencing its disappointment to break over 1.3450 and has hit a new low at 1.3356. Unless 1.3450 is broken soon, the likelihood of it arriving at the help range of 1.33 will be stronger.

Dollar-Yen (102.53) is exchanging the scope of 101-103 not surprisingly however now it may even now endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to manage over 102.35-25. Euro-Yen (137.06) descended in opposition to desire on the once again of a debilitated Euro. It can hit 136.40-05 now if Euro keeps on falling.

Pound (1.6876) ricocheted obviously yet may think that it hard to handle the safety at 1.6890-6900 now. It has indicated the end of its 9-month long uptrend and now every remedial ascent may face offering weight at the larger amounts.

Aussie (0.9298) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this run, no drifting move will develop and sideways value activity may win.

Gold (1289.63) is steady and exchanging a bit higher. We may see a few sideways union in the close term in the 1280-1300 area and unless this extent breaks further heading can’t be dead set. General long haul pattern is down.

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COMMEXFX PROMOTION

Post  commexfx broker on Thu Aug 07, 2014 2:53 pm


CommexFX celebrates all important calendar dates with irresistible promotions which will give traders an opportunity to make some money!

From the festive season of Christmas, throughout the long awaited World Cup, CommexFX promotions are always innovative and fun!

We are always looking for ways to catch the interest of the trader, and seduce new clients. This can be done with crediting client accounts with bonuses and credits, based on just simple account opening or the trading of a certain amount of lots.

Some CommexFX promotions promise up to 10K bonus if certain lots are traded, and these can serve as a challenge as the trader will try to achieve the lots to be eligible for a 10K bonus.

The CommexFX promotions can run with live accounts as well as demo accounts, and both are equally challenging and an ideal way to enhance your trading strategy.

It would be true to say that apart from just striving to offer the best trading products and conditions in the FX markets to traders, a broker needs to be constantly evaluating what its competitors are offering and trying to keep up with the latest trend. So if this includes rewarding clients who perform better with gadgets such as iPads or iPhones, or even a big credit deposit into an account, then all steps have to be taken to be the best and CommexFX promotions are amongst the top in the industry!

http://www.commexfx.com/commexfx-promotion/

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Forex Steam Review

Post  commexfx broker on Fri Aug 08, 2014 2:58 pm


The know-how of 100% automated trading

A lot of discussions have been made on FX trading, the markets, functionality, what to expect and not to expect from a good broker, etc. This particular write up focusses on trading in the lucrative currency markets, which enables 100% automated trading.

How has the whole concept of an automated trading solution started?

Core Forex expertise and excellence oriented brokerage firms wanted to provide new traders with a platform that enables 100% automated solution. Hence the pilot idea of Forex steam review, analysis came up in the world of currency markets. The system provides long term growth in a low risk environment.

As we all know, FX markets are very dynamic and volatile. Therefore the team needs to update the software periodically. This helps the trading platform stay ahead of the curve. New features are upgraded every now and then. Some of the salient features of the new enhanced trading platform are as follows:

Instant download after purchase

Once you purchase the Forex steam software the technology installation takes place instantly free of charge including relevant videos. Just as you get a steamy cup of coffee with its flavor in-tact, similarly you get hot piping updates of Forex market just about in a jiffy.

Regular updates

You have a 247 back up team in coordination with the makers/ pioneers of 100% automated trading team to keep adding new market updates from time to time. This ensures the trading platform is the latest. As a fresh trader, you can take an advantage of this, you can thus determine the type of weather conditions prevalent in the market and effect trades accordingly.

In this context, weather conditions mean market conditions. These are as unpredictable as the daily weather itself.

Licenses

Forex companies offer you 4 trade licenses in case you enroll for the steam review platform. You can use these on the demo as well as on a live account. The particular advanced feature makes the automated platform fun and interesting to work with. A boon for the present generation traders indeed!

Long term success and mega gains

The Forex teams and forums world-wide have been conducting reviews and surveys with customers who are using the 100% automated trading platform. This data has been collated for over 4 years and customers operating on this new software are really happy with what they are getting. It has been tested and proven that members are able to see long term success and great gains in this way.

Enhanced features

Other enhanced features of the automated trading platform include easy filters. You can customize a lot of features suiting your requirement. If you are good at working on Excel spreadsheets or vice then advanced features help you work on the trading platform a real cakewalk. You have an effect on trailing stop, you can set your own break even, set margin to stop losses and do so much more on this magical platform.

All of you might have been dreaming on this 100% automated trading platform to make lucrative careers in currency markets. Your dreams are coming true with the advent of new user friendly trading platforms. Available for you to test and see the magic is just a doorstep away!

About CommexFx

CommexFX is a fully regulated award-winning STP/ECN Forex Broker with an excellent reputation for offering financial services to both individual and institutional investors.

Founded on a solid base of professionalism and always striving to exceed in excellence, the satisfaction of our client is our target.

Our vision is simple: to offer our clients the very best trading conditions and expertise in order to make their trading experience both a pleasant and profitable one.

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Daily Outlook 8-08-2014

Post  commexfx broker on Fri Aug 08, 2014 3:51 pm


QE didn’t show up of course and the majors didn’t do anything altogether diverse. There is checked contrast with the values in this portion in regards to the value activities.

Euro (1.3362) didn’t find any course significantly after the ECM meet and is stuck in the restricted scope of 1.3330-90. Sit tight for a breakout to run with the fleeting stream. All the bigger patterns stay down.

Dollar-Yen (101.81) is exchanging the scope of 101-103 yet lost the bullish catalyst to endeavor the troublesome ascent to 103.50-104.the extent bound value activity doesn’t look like closure whenever soon. Euro-Yen (136.01) is trying the real help zone of 136.00-135.75 after the Euro debilitated. A break underneath 135.75 would mean a conceivable adventure towards 134 levels.

Pound (1.6812) tried 1.68 levels after a sharp dismissal from 1.6890-6900 obviously. The BOE meet couldn’t influence the pattern or course in any critical way and all ricochets ought to be restricted to 1.69 levels in this firm downtrend.

Aussie (0.9256) is experiencing a horrible selloff as its Unemployment rate hits a 12-year high and the Labor Force information takes a swing at -300 against the normal 13500. The value activity at the long haul help zone of 0.9250-0.92 may focus the medium term heading and pattern.

Gold (1316.02) is climbing pointedly and if that maintains, it may focus on 1340-1350 in the close term. This may be an impermanent ascent and we might soon see a fall towards 1300 from 1340-1350 levels. Gold-WTI degree (13.48) is trying urgent safety close to 13.5 and that may push it towards 13-12.5 in the close term. That may indicate a bearish Gold perhaps after a few sessions.

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Is the Market Pricing in QE from the ECB?

Post  commexfx broker on Mon Aug 11, 2014 6:10 pm


The Week Ahead

Highlights

Market Movers: Weekly Technical Outlook

Is the business valuing in QE from the ECB?

What’s in store in the Bank of England’s August Inflation Report

Look Ahead: Stocks

Look Ahead: Commodities

Worldwide Data Highlights

Market Movers: Weekly Technical Outlook

Technical Developments to Watch:



EUR/USD close to 9-month lows, safety still weaving machines 1.3450

GBP/USD back pressing 1.6800 after frail ricochet

USD/JPY pulling back 102.00 on general danger abhorrence

EUR/GBP in play, close term extent made somewhere around .7880 and .7980

1 Is the Market Pricing in QE from the ECB?

* Bias controlled by the relationship in the middle of value and different Emas. The accompanying pecking order decides predisposition (numbers speak to what number of Emas the cost shut the week over): 0 – Strongly Bearish, 1 – Slightly Bearish, 2 – Neutral, 3 – Slightly Bullish, 4 – Strongly Bullish.

** All information and remarks in this report starting pretty nearly 16:00gmt on Friday **

EUR/USD

12 Is the Market Pricing in QE from the ECB?

EUR/USD amplified its downtrend a week ago, hitting another 9-month low

MACD still bearish, and Slow Stochastics have now bobbed out of oversold region

Merchants may in any case look to blur any oversold skips to 1.3450

The EUR/USD proceeded with its progressive toil lower a week ago, setting another 9-month low close to 1.3330 on Wednesday before ricocheting back unassumingly. The essential major impetus for a week ago’s value activity was a disintegration in German financial information, and an inconspicuous dovish movement by ECB President Draghi his month to month ECB public interview. The auxiliary markers are artistic creation a bearish picture, with the MACD slanting lower beneath its sign line and the “0″ level, inasmuch as the Slow Stochastics have now bobbed out of oversold region, possibly making room for an alternate leg lower one week from now. Advancing, bears will begin to turn their eyes to past backing around 1.3300, while more progressive brokers may be holding up in the wings to offer any humble revives to 1.3450.

3 Is the Market Pricing in QE from the ECB?

GBP/USD

5 Is the Market Pricing in QE from the ECB?

GBP/USD bobbed early a week ago before coming back to test its lows on Thursday

Moderate Stochastics still in oversold domain, raising the likelihood of a close term ricochet

Potential for more medium-term shortcoming as long as rates stay underneath 1.6900-50

The GBP/USD attempted to bob early a week ago, yet venders ventures in rapidly in front of the 1.6900 level and rates are once again around the past week’s lows as we go to press. The shallow ricochet, if affirmed by a break to new lows, recommends that the merchants remain solidly in control of exchange and proposes we may see a solid continuation lower if 78.6% Fib help at 1.6800 is broken. The MACD shows solid bearish force, however the oversold Slow Stochastics recommends rates may ricochet eventually this week. As long as the unit stays underneath 20-day EMA safety around 1.6900-50, more shortcoming is favored.

6 Is the Market Pricing in QE from the ECB?

USD JPY

8 Is the Market Pricing in QE from the ECB?

USDJPY pulled once more to 20-day EMA help a week ago

MACD still bullish, Slow Stochastics generally won’t in overbought region

Predisposition still stays higher above backing at the 102.00 round handle

The USD/JPY pulled back a week ago, however weathered the offering weight (counting an obvious “fat finger” blaze crash on Wednesday) to hold above key help levels. The late breakout from the 7-month dropping triangle example remains the overwhelming specialized subject, and a week ago’s pullback took the Slow Stochastics pull out of overbought domain. During the current week, the specialized predisposition in the pair will stay to the topside as long as rates hold above backing in the 102.00-20 zone; a break underneath that range would move the viewpoint once again to impartial.

9 Is the Market Pricing in QE from the ECB?

EUR/GBP

11 Is the Market Pricing in QE from the ECB?

EURGBP solidified a week ago in the wake of breaking out from a 4-month bearish channel

The MACD has turned unobtrusively positive…

…be that as it may rates must break key even safety at .7980-.8000 to turn the predisposition to bullish

The EUR/GBP is our coin combine in play because of various high-affect monetary reports out of the Eurozone and UK this week (see “Information Highlights” beneath for additional). From a specialized point of view, the pair moved sideways a week ago in the wake of breaking a 4-month bearish channel the past week. As of right now, rates seem rangebound in the 100-pip range from .7880 to .7980, a thought affirmed by the moderately nonpartisan readings on the MACD and Slow Stochastics. This week will be discriminating for deciding the close term heading of the pair: a tear over .7980 would open the entryway for further additions throughout the span of August, while a drop through .7880 would continue this current year’s constant downtrend.

13 Is the Market Pricing in QE from the ECB?

Is the business sector valuing in QE from the ECB?

A week ago’s ECB gathering was emphatically downbeat and President Draghi sounded more concerned than common about the financial standpoint and the geopolitical dangers confronting the cash alliance at this time. Despite the fact that the ECB left strategy unaltered, Draghi was more sincere about the future arrangement stance of the Eurozone, saying that the business sector was right to surmise that Eurozone and US fiscal approach would be on a disparate way for quite a while.

Two focuses in the Draghi question and answer session are significant: firstly, the ECB’s gauge that it anticipates that the TLTRO project will discharge between $450bn – $850bn into Europe’s keeping money framework, which will be restrictive to expanded giving to the private division. This is a decently substantial presumption in our perspective, particularly as we accept that interest for advances in the money coalition is the issue. Unfortunately for the Eurozone, interest for credit may not enhance in the current financial environment of elevated geopolitical dangers.

The second point was Draghi’s rehashed references to QE. He said that the ECB is prepared to leave on more approach backing if important, and that QE is one alternative open to the bank. He additionally said that the bank is utilizing an outside specialist to improvement an ECB-style variant of the QE. At the point when required what kind from holdings the ECB would buy, Draghi indicated that it could be sovereign bonds.

Some may contend why would the bank try to set out on QE when German yields, ordinarily considered a benchmark for the Eurozone, are low; the 2-year yield dipped underneath 0% last week. Nonetheless, with the ECB’s fundamental rate at 0.15%, it is just common that legislature security yields are additionally amazingly low. Thinking of some as examiners imagine that investment rates need to be numerous many premise focuses lower than they right now are, at 0.15%, then QE could help to push sovereign yields further into negative region in an exertion to goad loaning development.

Negative investment rates have a tendency to weigh on a cash and since cresting in March, the exchange weighted EUR has fallen more than 3%, and is near its least level in over a year. Along these lines, if the ECB is not kidding about QE then there could be further drawback to come. Transient help levels to look for in EURUSD incorporate 1.3248 – the 38.2% retracement of the July 2012 – May 2014 development, while 1.3105 is additionally in perspective, which is the September 2013 low. In the event that the ECB does begin a QE program then we could see a structural move lower, and 1.20, the most reduced level since July 2012, may return into perspective.

At the end of a week ago the EUR figured out how to settle, in any case, the disappointment to get over Monday’s high at 1.3433 was a bearish advancement and recommends that as long as Draghi and co. at the ECB keep QE on the table then any upside in EURUSD could be constrained. As should be obvious in the diagram underneath, restricted of taking a gander at the effect of a potential QE program on EURUSD is taking a gander at this pair nearby the spread between 2-year German and US yields. In the event that this spread keeps on falling deeper into negative region then we could see further misfortunes for EURUSD.


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Daily Outlook 11-08-2014

Post  commexfx broker on Mon Aug 11, 2014 8:12 pm


The significant pattern may be down for about all the majors against the Dollar, yet in the short term, an exertion to assemble base is unmistakable, as apparent in Euro & Aussie. Fleeting energizes this week in the majors can’t be discounted.

Euro (1.3402) has made two week by week candles with long legs, recommending monstrous lack of engagement to go down. An endeavor to rally towards 1.3450-75 can’t be discounted however all the bigger patterns still stay down.

Dollar-Yen (102.15) is exchanging the scope of 101-and the extent bound value activity doesn’t look like closure at whatever time soon. Euro-Yen (136.89) ricocheted from precisely the significant help zone of 136.00-135.75 on the over of a stronger Euro. It may test 137.40-138.00 now however obliges a break over 138 to truly indicate any quality.

Pound (1.6781) has been making new lows not surprisingly yet now a restorative bob to 1.69 levels may be not that startling. A disappointment to bob would mean a prompt tumble to 1.6740-6700 levels.

Aussie (0.9284) has been pushed up by the long haul help zone of 0.9250-9200 and that secures the almost 5 month long scope of 0.92-0.95, which is not looking any indications of breaking yet. Expect safety at 0.9350-75.

Gold (1305.98) fell off from the every day channel safety close to 1333. A fall underneath 1300 may take it lower to 1280 however while over 1300-1305 we may expect an ascent towards 1340-1350 in the close term. Gold-WTI proportion (13.32) has descended a bit however is exchanging close significant safety of 13.5 which if holds may push it towards 13-12.5 in the close term. Gold may be bearish all things considered.

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Re: commexfx---www.commexfx.com

Post  commexfx broker on Tue Aug 12, 2014 5:26 pm

FOREX SCAMMERS

As Forex trading becomes more popular every day so do forex scams, out to find their targets in many forms, some of which appear quite alluring and legitimate.

All over the world traders are looking for the magic FX broker that will make them rich, they open both live and real accounts to try their luck, convinced that ‘luck’ is a solid component of trading! Traders with less experience are also more gullible and will inevitably fall into the web of the Forex Scammer.

Forex Scams have it easy as many FX markets are not regulated so they can trick traders into anything they want, promising them an outstanding trading strategy to make jaw dropping amounts of profits!

How does one avoid such scammers? Well, it takes a while to master the art of dodging the Scammer Bull!

A scammer will entice you with what you want, quick wealth! He will dangle this prospect non-stop. He will also try and convince you that other people have reaped profits from their investment and he will underline a sense of urgency in ‘closing the deal’. This should always provide a certain amount of suspicion.

A scammer will pretend to be legitimate and professional by talking about his experience and so on; but the gullible trader should then demand to see the regulatory status of the company, and overall performance history.

The FX market is volatile and carries substantial risk. No trader should ever invest funds they cannot afford to lose. Margin trading should be completely avoided as it can cause losses which you had not predicted.

FX trading has become the ‘fraud du jour’, with numerous Forex Scammers playing on the minds and the pockets of gullible traders. The only way to avoid them is to be cautious and do background research on the ‘scammer’ himself!


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Daily Outlook 12-08-2014

Post  commexfx broker on Tue Aug 12, 2014 7:27 pm


A quiet day for the currencies. Dollar gains a little against nearly all the majors.

Euro (1.3371) is weakening again and a break below 1.3370-60 will decrease the possibility of the expected rally towards 1.3450-75 considerably and increase the chances of testing 1.33 levels.

Dollar-Yen (102.30) is trading in the range of 101-and the range bound price action doesn't look like ending anytime soon. Euro-Yen (136.78) has been trading in a downward channel for the last few days and the range now may be modified to 135.75-138.00, which may not break without any major event.

Pound (1.6774) has been making new lows as expected but now a corrective bounce to 1.68-69 levels may be not that unexpected. A failure to bounce would mean an immediate fall to 1.6740-6700 levels.

Aussie (0.9259) is wandering about the long term support zone of 0.9250-9200 again, which defines the nearly 5 month long range of 0.92-0.95. Only a break below 0.92 would reverse the medium and long term trend to bearish.

Gold (1306.99) is ranged for now above 1305 but has a fair possibility of coming down to 1300-1290 in the coming sessions while the resistance near 1333 still holds. Silver (19.992) is ranged in the 19.7-20.108 region. No clarity is seen unless a break on either side of this range occurs. Gold-Silver ratio (65.345) came off sharply from 65.92 and may come down further towards 64.4 in the near term.

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Trading equals an army of traders plus peace of mind in regulation

Post  commexfx broker on Wed Aug 13, 2014 2:18 pm


An army of traders is searching for that miracle FX bróker that will make them rich overnight!

Incessantly searching the internet for no deposit bonus where they do not even have to invest funds to actually trade and earn profit!! That gives them the peace that they can earn some kind of money if they trade successfully, and even if they do not succeed, it is not their own funds that they are losing.

For this reason traders prefer to select FX brokers which have an army of fans, excellent reviews, and are recommended by other savvy traders! They discover the best ones in forums and test them out, either by opening demo accounts which gives them the peace of mind that all risk is eliminated from their trading activity as they trade with virtual funds, or simply opening real accounts and invest the minimum deposit.

As FX trading increases in popularity, so does the competition between FX brokers. It is simply up to each broker to identify the niche in the FX market to seduce an army of clients; an array of outstanding trading products and brokerage services need to be offered, as well as the latest bespoke technology, all in keeping in line with the legal regulatory framework of each environment, provided the required peace of mind for each trader!

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Daily Outlook 13-08-2014

Post  commexfx broker on Wed Aug 13, 2014 5:02 pm


Euro proposes building a base and a comparative thing may be contended for the Sterling. Some Dollar shortcoming against the majors in the fleeting maybe?

Euro (1.3364) bears neglected to break 1.3330 notwithstanding the poor German information yesterday and perhaps that recommends inalienable quality in the short term. A breakout from this scope of 1.3300-1.3475 may make tremendous moves with the bullish alternative slowly picking up assurance.

Dollar-Yen (102.29) is exchanging the scope of 101-and the extent bound value activity doesn’t look like closure whenever soon. Euro-Yen (136.70) has been exchanging a descending channel for the last few days and the extent now may be adjusted to 135.75-138.00, which may not break without any significant occasion.

Pound (1.6804) has given the beginning skip to 1.68 not surprisingly and a break over 1.6840 would indicate a further expansion to 1.69 as well however the drawback danger of testing 1.6740 remaining parts still open.

Aussie (0.9278) is meandering about the long haul help zone of 0.9250-9200 once more, which characterizes the almost 5 month long scope of 0.92-0.95. Just a break beneath 0.92 would switch the medium and long haul pattern to bearish.

Gold (1308.47) is gone until further notice over 1305 and may focus on 1300-1290 in the nearing sessions from where we may see an upward revision. Silver (19.964) keeps on remainning went in the 19.7-20.108 district. As said prior, no clarity is seen unless a break on either side of this extent happens. Gold-Silver proportion (65.529) is exchanging inside 65.7-65.083 and in the event that it breaks lower may focus on 64.4 in the close term. Long haul is pattern is down.

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COMMEXFX Myfxbook AutoTrade

Post  commexfx broker on Thu Aug 14, 2014 2:07 pm


As the FX trading fever continues to grow, new trading tools are emerging from every corner. Social trading is another of those booming activities and requires very highly advanced trading software. The CommexFX Myfxbook Autotrader is an example of state-of-the art software designed for social trading.

What is social trading I hear you ask? It is a community of traders who follow each other’s trading strategy. The object is for less experienced traders to follow the profitable trading strategy of more experienced and successful traders, achieving a more diversified trading style.

In turn, the successful trader whose trades are being copied, will be rewarded with up to half a pip per standard lot traded by the followers. So it’s basically a win-win situation for all parties involved.

The Autotrader is owned by Myfxbook, and one of its many advantages is that it provides traders with an in-depth analysis and statistics of their trading as it is immediately synchronized to their trading history – free of charge! The CommexFX Myfxbook Autotrader is only available to traders with an existing live account.

With the CommexFX Myfxbook Autotrader, you can also upload trades from your system to your account-all trading history is directly copied from the CommexFX platform to your AutoTrade account to monitor your trading strategy.

Last but not least, it is worth mentioning that the CommexFX Myfxbook Autotrader hand picks the best systems for you, simplifying all social trading activity.

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COMMEXFX LTD

Post  commexfx broker on Fri Aug 15, 2014 2:18 pm


CommexFX Ltd is not just another FX broker, it recognizes that competition is fierce but also challenging. With this in mind CommexFX Ltd sets out to conquer the FX industry by offering its clients the highest quality service, advanced technology trading solutions and personalized support all within the safety and security of a regulated environment.

CommexFX Ltd is an ECN/STP broker based in Cyprus and is regulated by CySEC under license 153/11. Its motto is to exceed in excellence, its bespoke brokerage services are nothing short of transparency and regulation.

The trading conditions offered by CommexFX Ltd are amongst the most respected in the industry. Our spreads are amongst the lowest, there is no Dealing Desk intervention, leverage is flexible, fast execution, market depth of prices, different types of accounts to accommodate the needs of all traders, trading on the go is made possible by a range of trading platforms. Last but not least is the professional multi-lingual support offered around the clock, making the trader feel comfortable at all times.

So it should not come as a surprise that CommexFX Ltd has received many awards from internationally acclaimed bodies, and a number of FX awards adorn the office mantel piece.


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Daily Outlook 15-08-2014

Post  commexfx broker on Fri Aug 15, 2014 5:55 pm


GBP/USD managed sharp misfortunes a day prior. In financial news, US Unemployment Claims moved to 311 thousand, above desires. There are no British discharges on Thursday. The UK will discharge Second Estimate GDP on Friday, a key pointer.

AUD/USD: Aussie Continues With Its Gain In The Asian Session , For the 24 hours to 23:00 GMT, the AUD reinforced 0.14% against the USD to close at 0.9318. LME Copper costs declined 0.6% or $39.0/MT to $6886.5/MT. Aluminum costs declined 1.0% or $21.0/MT to $2005.0/MT.

USD/JPY worldwide rating org, Fitch Ratings demonstrated that the Japanese economy is “weathering” the late deals duty climb, further alerted that the compensation development is an imperative component in the country, which has neglected to build convincingly.in the Asian session, at Gmt0300, the pair is exchanging at 102.5, with the USD exchanging tad higher from yesterday’s nearby.

USD/CHF The pair is required to discover help at 0.9039, and a fall through could take it to the following help level of 0.9011. The pair is relied upon to think that its first safety at 0.9091, and an ascent through could take it to the following safety level of 0.9115.

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COMMEXFX AFFILIATE

Post  commexfx broker on Mon Aug 18, 2014 4:04 pm


Watch out for the new CommexFX Affiliate program! It is one of the most rewarding ones in the FX industry, with attractive affiliate tools and more importantly, unbeatable commissions and rebates!

The affiliate industry is booming and we want to be part of this so we designed an affiliation program that will lead the way! As the internet becomes more accessible with its new user-friendly products, so does the world of online forex trading. It is not only traders who express an interest in participating in the forex boom, but also those who are interested in earning commission when referring clients and friends!

The CommexFX Affiliate encourages you to direct traffic to us, refer your network of clients and friends to us, and in return we will provide you with the latest marketing tools to enhance your presence in the industry, as well as promising you increased conversions and higher commissions with prompt payout!

As a web Affiliate you will earn commission every time a client has opened an account by clicking on one of the banners on your website. All you need to do is expose our brand to your network of clients and we take care of the rest, from client contact, account opening and management, compliance and back office, as well as superior customer support.

All you have to do is register with us today and you will instantly get paid for referring your clients and friends to us.

Your clients will enjoy the benefits of a true STP/ECN environment as well as the assurance of trading within a CySEC regulated environment.

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Daily Outlook 18-08-2014

Post  commexfx broker on Mon Aug 18, 2014 7:23 pm


EUR/USD The pair is expected to find support at 1.3367, and a fall through could take it to the next support level of 1.3336. The pair is expected to find its first resistance at 1.342, and a rise through could take it to the next resistance level of 1.3442.Going forward, trading trends in the Euro today would be governed by Euro-zone’s trade balance, scheduled in a few hours.

GBP/USD The pair is expected to find support at 1.6694, and a fall through could take it to the next support level of 1.6658. The pair is expected to find its first resistance at 1.6749, and a rise through could take it to the next resistance level of 1.6768.Amid lack of economic releases from the UK today, trading trends in the Pound today would be governed by global news/events.

AUD/USD The pair is expected to find support at 0.9299, and a fall through could take it to the next support level of 0.928. The pair is expected to find its first resistance at 0.9337, and a rise through could take it to the next resistance level of 0.9356.Amid lack of economic releases from Australia today, investors would keenly await tomorrow’s minutes of the latest RBA policy meeting.

USD/CHF The pair is expected to find support at 0.9009, and a fall through could take it to the next support level of 0.8990. The pair is expected to find its first resistance at 0.9059, and a rise through could take it to the next resistance level of 0.9090.

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COMMEXFX MT4

Post  commexfx broker on Tue Aug 19, 2014 3:00 pm


The popular MetaTrader, otherwise known as the MT4, is the leading online FX trading platform globally. It was designed to facilitate forex trading, despite its technically advanced features it has a very user-friendly interface with a wide range of powerful unparalleled functions. In fact the simplicity of its functionality allows the CommexFX MT4 to enable traders, both novice and experienced, to master the art of trading and trade to their best advantage.

The CommexFX MT4 allows its clients to access a whole wealth of cutting edge features, such as live-streaming prices, a wide range of charts, ability to place order types and complete management of personal accounts.

The CommexFX MT4 also offers a comprehensive set of Technical Analysis tools, and let’s not forget the favoured MQL4 programing language, enabling the use of Automated trading robots. These enable traders to automate their trades with an automated trading robot that best suits their trading style and strategies. The MQL4 programming language allows the easy creation of EAs and customised technical indicators.

The CommexFX MT4 platform is compatible with all our Mobile Trading Applications and offers an extensive range of mobile trading applications, all with unique features to enhance your trading strategy. The mobile trading platforms are: iPhone, iPad, Blackberry, Android, Windows Mobile and other smartphones.

There is no doubt that the CommexFX MT4 is designed for the modern trader always on the move, able to trade from wherever he is.

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Daily Outlook 19-08-2014

Post  commexfx broker on Tue Aug 19, 2014 7:28 pm


The rally in stocks or selloff in bonds didn’t have any discernible effect in the Currencies. Nearly all of the majors except Sterling keep trading in ranges and a breakout is required to shake them out of this sleep.

EUR/USD The pair is expected to find support at 1.3339, and a fall through could take it to the next support level of 1.3323. The pair is expected to find its first resistance at 1.3386, and a rise through could take it to the next resistance level of 1.3417.Amid a lack of major economic releases from the Euro-region, trading trends in the pair today are expected to be determined by the inflation data from the US, scheduled later in the day.

GBP/USD The pair is expected to find support at 1.6710, and a fall through could take it to the next support level of 1.6698. The pair is expected to find its first resistance at 1.6736, and a rise through could take it to the next resistance level of 1.6750.Going forward, investors today would look for the UK’s consumer prices data, scheduled in a few hours.

AUD/USD The pair is expected to find support at 0.9317, and a fall through could take it to the next support level of 0.9298. The pair is expected to find its first resistance at 0.9349, and a rise through could take it to the next resistance level of 0.9362.Going forward, investors would focus on the speech of RBA’s Governor, Glenn Stevens, scheduled to release in the mid-night.

USD/CHF The pair is expected to find support at 0.9039, and a fall through could take it to the next support level of 0.9007. The pair is expected to find its first resistance at 0.9088, and a rise through could take it to the next resistance level of 0.9105.

USD/CAD The pair is expected to find support at 1.0876, and a fall through could take it to the next support level of 1.0860. The pair is expected to find its first resistance at 1.0905, and a rise through could take it to the next resistance level of 1.0918.

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