Speculation Weakening German Economy, Yen Press Euro

In the pair trading EUR / JPY European session this afternoon (05-02) moves observed weakening euro against the Japanese yen and was in the range of 122.71. Forex investor interest against the euro began to decline in line with the speculations of German economic performance decline.
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Information about Germany indicators Industrial Production m / m will be released by Destatis expected to show a decrease in performance in the manufacturing sector. Indicators Germany Industrial Production m / m is expected to decrease to 0.60% from the previous value of 0.70%. This negative response by investors in forex trading.

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categories Forex | makepips | datetime February 5, 2010 17:53 | comments Comments (0)

EUR/JPY Will Reverse

Today I try buy EUR/JPY, I think will reverse, good moment for buy.

  • BUY EUR/JPY @ 123.00 TP 124.00, good SL 100 pip from entry position, or 20 pips below the lowest level.

Be carefull if EUR/JPY break low again to open market at 122.16, indication will down…

  • Status : Moved SL to 20 pips below the lowest level yesterday, closed only +10 market very risk.

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categories Forex signal | makepips | datetime 09:25 | comments Comments (0)

Yen Strengthened, U.S. Unemployment Increase

The yen strengthened as the presence of a negative signal on the U.S. economy, which it demonstrated by an increase in the unemployment rate in the U.S. country.
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Indicators of Unemployment Claims reported an increase to 480K, where previously expected to fall to 461K from 472K the previous value. This pro-Japanese Yen responded by investors in forex trading.

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categories Forex | makepips | datetime 00:54 | comments Comments (0)

Disclaimer : Forex trading is a type of investment business is very promising with a very high yield, but it can not be separated from the high risk, can even spend your capital. all the risks in forex trading can be minimized by analysa and good knowledge, then, before you enter in foreign exchange trading business we recommend that you study in advance of this business to obtain a highly profitable trading system and profitable for you. for it is always wise with your capital, and be careful with the types of investments that you currently live.