Da-pay Forex and Economic News

The Euro gives war to the Dollar

2010-08-09T15:25:00.000-07:00

After two days the euro consolidating positions returned to take another step forward in ...

... Define the upward trend over the last nine weeks, in a move that could not find the brake until the 1.35 area figures.

Short-term situation:

The upward trend that defines the euro against the dollar over the past two months is maintained at all existing and after passing short as potential turning points were the 1.3130 figure increases now could be extended to an area, 35 figures, whose recovery would reach 50% of the previous fall from 1.52.

However, as we have been pointing them in recent days that can be observed record nine weeks in the euro bulls warns us of the high existing overbought, which could end at any time causing a depletion buyer and the beginning of a corrective phase would serve to adjust some of the strong movement of appreciation.

For now, we are unable to detect any technical evidence that points downward in that direction and we believe there will not be worthy of note until we are able to see a weekly closing lows but lost the previous week (the last at 1.3050 ) or be able to see a bearish weekly candle line that suggests a ceiling on the climbs. The first thing has not happened for two months and the second will follow the evolution of the euro this week, especially if it reaches potential turning points such as the 1.35 figure.

Trend Situation:

The line of sailing month of July seems to speak of resurrection potential trend from an area of medium to long term as is the 1.15 / 1.25 figures. However, we can not talk of new technical evidence bullish until we are able to observe two week minimum on rising. For the latter it is necessary to correct the rise in recent weeks, that this correction does not deepen below 1.1874 and subsequently achieve the euro bulls break a weekly close the origin of this hypothetical correction. All this and appreciating what we will see in the coming weeks.

El Euro da guerra al Dolar

2010-08-09T15:23:00.000-07:00

Después de dos jornadas consolidando posiciones el euro volvió a dar un nuevo paso adelante dentro de ...

...la tendencia alcista que define a lo largo de las últimas nueve semanas, en un movimiento que podría no encontrar freno hasta la zona de las 1,35 figuras.

Situación de corto plazo:

La tendencia alcista que define el euro frente al dólar a lo largo de los últimos dos meses se mantiene del todo vigente y tras superar a corto puntos de giro potenciales como eran las 1,3130 figuras las subidas podrían extenderse ahora hasta la zona de 1,35 figuras, cuyo alcance supondría una recuperación del 50% de toda la caída previa desde 1,52.

Ahora bien, como les venimos señalando estos últimos días, el hecho de que se puedan observar nueve semanas de registro alcistas en el euro nos advierte de la elevada sobrecompra existente, lo cual podría acabar provocando en cualquier momento un agotamiento comprador y el comienzo de una fase correctiva que serviría para ajustar parte de este fuerte movimiento de apreciación.

De momento, somos incapaces de detectar ninguna evidencia técnica bajista que apunte hacia esa dirección y consideramos que no la habrá digna de destacar mientras no seamos capaces de ver un cierre semanal que bien pierda los mínimos de la semana anterior (los últimos en 1,3050) o bien seamos capaces de ver una línea de vela semanal bajista que sugiera un techo en las subidas. Lo primero no ha sucedido desde hace dos meses y para lo segundo habrá que seguir la evolución del euro esta semana, máxime si alcanza puntos de giro potenciales como son las 1,35 figuras.

Situación tendencial:

La línea de vela mensual de julio parece hablar de resurrección potencial en tendencia desde una zona de soporte a medio y largo plazo como es la de 1,15/1,25 figuras. Con todo, no podremos hablar de nuevas evidencias técnicas alcistas mientras no seamos capaces de observar dos mínimos relativos semanales ascendentes. Para esto último es preciso que se corrija el ascenso de las últimas semanas, que esta corrección no profundice por debajo de los 1,1874 y que posteriormente los alcistas logren que el euro rompa a cierre semanal el origen de esta hipotética corrección. Todo ello lo iremos viendo y valorando durante las próximas semanas.

EUR / USD: Looking for clues in the weekly close

2010-08-06T13:57:00.000-07:00

Second consecutive session in which the euro consolidates positions as ...

... Ante is likely to be a mere pause before more gains.

Short-term situation:

The upward trend that defines the euro against the dollar over the past two months is maintained at all existing and after passing short as potential turning points were the 1.3130 figure increases now could be extended to an area, 35 figures, whose recovery would reach 50% of the previous fall from 1.52.

However, as we have been pointing them in recent days, as can be seen eight weeks of registration bullish on the euro, which warns us that overbought is becoming so high that it can end up causing a stock buyer and the beginning of a corrective phase would serve to adjust some of the strong movement of appreciation.

For now, we are unable to detect any technical evidence that points downward in that direction and we believe there will not be worthy of note until we are able to see a weekly closing lows but lost last week or end in a line of bearish candle that suggests a ceiling on the climbs. The first thing has not happened for two months and see how complicated it happen this week and for the latter would require that this week the euro had just closed near the lows of it, preferably below the highs of the last-in-1 3107. In this case we would be ahead of what is known as Shooting Star, which is a potentially bearish candle.

Location trend:

The line of sailing month of July seems to speak of resurrection potential trend from an area of medium to long term as is the 1.15 / 1.25 figures. However, we can not talk of new technical evidence bullish until we are able to observe two week minimum on rising. For the latter it is necessary to correct the rise in recent weeks, that this correction does not deepen below 1.1874 and subsequently achieve the euro bulls break a weekly close the origin of this hypothetical correction. All this and appreciating what we will see in the coming weeks.

EUR/USD: Buscando pistas en el cierre semanal

2010-08-06T13:55:00.000-07:00

Segunda sesión consecutiva en la que el euro consolida posiciones en lo que ...

...a priori tiene visos de ser una simple pausa previa a mayores alzas.

Situación de corto plazo:

La tendencia alcista que define el euro frente al dólar a lo largo de los últimos dos meses se mantiene del todo vigente y tras superar a corto puntos de giro potenciales como eran las 1,3130 figuras las subidas podrían extenderse ahora hasta la zona de 1,35 figuras, cuyo alcance supondría una recuperación del 50% de toda la caída previa desde 1,52.

Ahora bien, como les venimos señalando estos últimos días, ya pueden observarse ocho semanas de registro alcistas en el euro, lo cual nos advierte de que la sobrecompra comienza a ser tan elevada que puede acabar provocando un agotamiento comprador y el comienzo de una fase correctiva que serviría para ajustar parte de este fuerte movimiento de apreciación.

De momento, somos incapaces de detectar ninguna evidencia técnica bajista que apunte hacia esa dirección y consideramos que no la habrá digna de destacar mientras no seamos capaces de ver un cierre semanal que bien pierda los mínimos de la semana anterior o bien acabe formando una línea de vela bajista que sugiera un techo en las subidas. Lo primero no ha sucedido desde hace dos meses y vemos muy complicado que ocurra esta semana y para lo segundo sería preciso que esta semana el euro acabara cerrando cerca de los mínimos de la misma, preferiblemente por debajo de los máximos de la pasada en 1,3107. En este caso estaríamos delante de lo que se conoce como Estrella Fugaz, que es una vela potencialmente bajista.

Situación tendencial:

La línea de vela mensual de julio parece hablar de resurrección potencial en tendencia desde una zona de soporte a medio y largo plazo como es la de 1,15/1,25 figuras. Con todo, no podremos hablar de nuevas evidencias técnicas alcistas mientras no seamos capaces de observar dos mínimos relativos semanales ascendentes. Para esto último es preciso que se corrija el ascenso de las últimas semanas, que esta corrección no profundice por debajo de los 1,1874 y que posteriormente los alcistas logren que el euro rompa a cierre semanal el origen de esta hipotética corrección. Todo ello lo iremos viendo y valorando durante las próximas semanas.

Euro-Norwegian Krone: The Razor's Edge

2010-07-29T18:20:00.000-07:00

Despite not making a priori expected to keep open the strategy ...

Trading Status:

Despite not making a priori expected to keep open the bullish strategy euro / Norwegian krone, although we are becoming more demanding and will not afford to lose any significant support without us to take tough decisions.

Dates back and looked back at the operational and reference were ascending stop to 7.90. Again, we have to move that stop up to 7.9370. The loss of this level would enable the transfer of the guideline bullish as you can see in the attachment, is leading the euro rises against the Norwegian kroner over the past few weeks. In fact, closing below 7.9370 would confirm peaks decreasing daily chart, which would not make much sense in a context of restructuring bullish as we wanted.

Bull Strategy Review: We keep raising the stop long to 7.9370.

Euro-Corona Noruega: Al filo de la navaja

2010-07-29T18:13:00.000-07:00

A pesar de que no está haciendo lo esperado a priori mantenemos abierta la estrategia ...

Situación de Trading:

A pesar de que no está haciendo lo esperado a priori mantenemos abierta la estrategia alcista euro / corona noruega, si bien cada vez somos más exigentes y no vamos a permitir que se pierda ningún soporte relevante sin que ello nos haga tomar decisiones drásticas.

Fechas atrás ya revisábamos esta operativa y elevábamos la referencia de stop a los 7,90. Pues bien, volvemos a subir ese stop hasta los 7,9370. La pérdida de este nivel habilitaría la cesión de la directriz alcista que, como pueden ver en el adjunto, viene guiando las subidas del euro frente a la corona noruega a lo largo de las últimas semanas. De hecho, cierres por debajo de los 7,9370 confirmarían crestas decrecientes en gráfico diario, lo cual no tendría mucho sentido en un contexto de reestructuración alcista como el que buscábamos.

Revisión Estrategia Alcista: Mantenemos largos elevando el stop a los 7,9370.

The yen's upward trend may be changing course

2010-07-28T18:32:00.000-07:00

Despite the recovery that starred the yen in yesterday's session, we can say that something has changed ...

... In the short term after watching last Tuesday, the yen lost key support references against currencies as important as the euro, the dollar and the pound sterling.

In these three currency crosses Japan has deployed around figures that suggest an upward trend might have changed sign. The question now and what we focus the following discussion on the yen is whether this change in trend may be somewhat sustainable over time or is just something temporary and more the result of overbought in the yen than a change in their expectations.

First request is granted will depend largely on the success of the current restructuring effort that is taking place upward in the Nikkei from key support area of 9,000 integers. In an environment where the yen continues to appreciate against the dollar and other currencies, the Nikkei is very unlikely to be rearranged and most likely to end up losing the support of 9,000.

The euro / yen and the pound / yen achieve long-term supports

The following attachments may see the evolution of the pound and the euro against the yen. Notice how in both crosses the downward trend of recent months has been corrected 78.60% of all the last major move higher. In the case of the pound which we speak began in the least January 2009 while the euro is to go much further back and that the uptrend has been corrected in that proportion, that we remember is the maxim theory so as not to encourage the return to the beginning of the movement, began a decade ago, namely in October 2000.

Therefore, we are talking about turning points that are of medium to long term and hence can not be ruled out, at least a priori, that figure back or upward turn signals in these areas of strong support to end up drifting in sustainable increases beyond what the short term.

Cancel this hypothesis upward rotation, or at least, should talk of a restructuring upward much more complex, where the pair euro / yen miss media that figures presented in the 110 while in the pound / yen this support appears in the 130 figures.

The dollar / yen is also a tendency to change

In the case of the dollar against the yen, the technical situation is a bit more complicated as the long-term graph does not give us significant clues that point toward the possibility of seeing a floor in the downward trend that defines the dollar against the yen this recent months. In fact, it would have been necessary to see the dollar / yen to fall below the minimum in December 2009 in 84.79, in order to reach a potential pivot point and support base would be important as the broad bearish channel we show in the accompanying graph. Moreover, this would be the target of bearish pattern which confirmed the pair dates back after losing 88 media figures.

However, one can not rule out that the dollar may appreciate against the yen and in this direction is the small pattern on Tuesday confirmed as a double floor in 86.23. While not miss this support will go along the current attempt to reorganize the upside, above all, we insist, those investors who have exposure in your portfolio in Japanese equities.

La tendencia alcista del yen podría estar cambiando de rumbo

2010-07-28T18:26:00.000-07:00

Pese a la recuperación que protagonizó el yen en la sesión de ayer, podemos afirmar que algo ha cambiado ...

...en el corto plazo después de ver como el pasado martes el yen perdía referencias de soporte clave frente a divisas tan importantes como el euro, el dólar y la libra esterlina.

En estos tres cruces la divisa nipona ha desplegado figuras de vuelta que sugieren que su tendencia alcista podría haber cambiado de signo. La cuestión ahora y lo que centrará el siguiente debate en torno al yen es si este cambio de tendencia puede ser algo sostenible en el tiempo o simplemente es algo transitorio y más fruto de la sobrecompra en el yen que a un cambio en sus expectativas.

Que se cumpla lo primero dependerá en gran medida que tenga éxito el actual intento de reestructuración alcista que está teniendo lugar en el Nikkei desde la zona de soporte fundamental de los 9.000 enteros. En un entorno en el que el yen siga apreciándose frente al dólar y resto de divisas el Nikkei es muy improbable que pueda reordenarse al alza y muy probablemente acabe perdiendo ese soporte de los 9.000.

El euro / yen y la libra / yen alcanzan soportes de largo plazo

En el siguiente adjunto pueden ver la evolución de la libra y el euro frente al yen. Fíjense como en ambos cruces la tendencia bajista de los últimos meses ha corregido un 78,60% de todo el último gran movimiento alcista. En el caso de la libra les hablamos del que tuvo su inicio en los mínimos de enero de 2009 mientras que en el euro hay que irse mucho más atrás ya que la tendencia alcista que ha sido corregida en esa proporción, que recordemos es la máxima según la teoría para no tener que favorecer la vuelta al origen del movimiento, comenzó hace una década, concretamente en octubre del año 2000.

Por tanto, les estamos hablando de puntos de giro que son de medio / largo plazo y de ahí que no se pueda descartar, al menos a priori, que figuras de vuelta o señales de giro alcista en esas zonas de fuerte soporte puedan acabar derivando en subidas sostenibles más allá de lo que es el corto plazo.

Cancelaría esta hipótesis de giro al alza o, cuando menos, habría que hablar de una reestructuración alcista mucho más compleja, en el caso de que el par euro / yen pierda soportes que presenta en las 110 figuras mientras que en la libra / yen este soporte aparece en las 130 figuras.

El dólar / yen también trata de cambiar su tendencia

En el caso del dólar frente al yen la situación técnica es un poco más complicada puesto que el gráfico de largo plazo no nos da pistas significativas que apunten hacia la posibilidad de haber visto un suelo en la tendencia bajista que define el dólar frente al yen estos últimos meses. De hecho, hubiera sido preciso ver al dólar / yen caer por debajo de los mínimos de diciembre de 2009 en los 84,79, para que se alcanzara un punto de giro potencial y soporte importante como sería la base del amplio canal bajista que les mostramos en el gráfico adjunto. Es más, ese sería el objetivo del patrón bajista que confirmó fechas atrás este par tras perder soportes de 88 figuras.

Con todo, tampoco se puede descartar que el dólar pueda apreciarse frente al yen y en esa dirección va la pequeña pauta que el martes confirmó en forma de doble suelo en los 86,23. Mientras no se pierda este soporte habrá que ir siguiendo el actual intento de reordenación alcista, sobretodo, insistimos, aquellos inversores que tengan en su cartera exposición en la renta variable japonesa.

Aussie / dollar: Now or never

2010-07-21T19:56:00.000-07:00

The technical situation Aussie dollar against the U.S. dollar has not changed

Location technique:

The technical situation Aussie dollar against the U.S. dollar has not changed in recent days, so that the process continues assault on the resistance zone that separates the pair of a return to the previous high area. The situation of recent days, however, offers the possibility to discern a pattern of double-roof-t1t2-in case of loss of 0.863, a level which could provide a reference for an aggressive trader who is unwilling to continue extending the wait operating in a trend that was born with a vocation but has run out of time-something that otherwise happens often and is faced with patience the trend trader. Losing that the reference level could be on his way to stop a trend in the 0.83.

Strategic review:

The Aussie is now a lateral movement, it should place a stop aggressive under 0.863

Aussie/Dólar: Ahora o tal vez nunca

2010-07-21T19:51:00.000-07:00

La situación técnica del dólar aussie frente al billete verde norteamericano no ha variado

Situación técnica:

La situación técnica del dólar aussie frente al billete verde norteamericano no ha variado en las últimas jornadas, de tal modo que sigue el proceso de asalto a la zona de resistencia que separa al par de una vuelta a la zona de altos previos. La situación de las últimas jornadas, sin embargo, ofrece la posibilidad de vislumbrar una pauta de tipo doble techo -t1t2- en caso de pérdida del 0,863, nivel que podría ofrecer una referencia agresiva para un operador que no esté dispuesto a seguir alargando la espera en una operativa que nació con vocación tendencial pero se ha quedado sin momento -algo que por otro lado pasa frecuentemente y a lo que debe enfrentarse con paciencia el trader en tendencia. Perder ese nivel podría a la referencia rumbo a su stop en tendencia en los 0,83.

Revisión estratégica:

El Aussi sigue en estos momentos un movimiento lateral, se deberia de colocar un stop agresivo bajo 0,863.

Global manufacturing is slowing for orders decline: PMI

2010-07-01T11:17:00.000-07:00

LONDON (Reuters) - Global manufacturing growth slowed in June after a sharp drop in new orders, a survey showed on Thursday.

The overall PMI index for the manufacturing sector, prepared by JPMorgan with research organizations and management of supply, fell to 55.0 in June from 57.0 points reached in May, but still above the 50 mark points separates growth from contraction.

"The June PMI data gives more signs that growth in the global manufacturing sector is cooling from the high levels we saw earlier this year," said David Hensley at JPMorgan.

"However, although rates of expansion in production, new orders and employment fell during the month, growth remains solid overall level and exceeds the long-term trend," he added.

The new orders index fell to 55.5 in June from 58.9 in May, a new 11-month low, after the national PMI rates in the U.S., the Eurozone, Asia and Britain, pointed to a slowdown in orders.

Global manufacturing output grew but at its weakest pace since last November, JPMorgan said after the rate for this segment fell to 57.3 from 59.3.

Although employment continued to climb in all industrialized economies covered by the survey, the rate of progress slowed in June.

PMI surveys released on Thursday showed that manufacturing growth in China hit its lowest level in over a year, while a separate report for major Japanese manufacturers showed fear in the sector about the prospects for the future.

The index combines data from countries such as USA, Japan, Germany, France, the United Kingdom, China and Russia.

(Reporting by Andy Bruce)

Sector manufacturero global se desacelera por caída pedidos: PMI

2010-07-01T11:14:00.000-07:00

LONDRES (Reuters) - El crecimiento del sector manufacturero global se desaceleró en junio, tras una fuerte baja en los nuevos pedidos, mostró el jueves un sondeo.

El índice PMI global para el sector manufacturero, elaborado por la firma JPMorgan con organizaciones de investigación y gerencia de abastecimiento, cayó a 55,0 en junio desde los 57,0 puntos alcanzados en mayo, aunque sigue por sobre la marca de 50 puntos que separa el crecimiento de la contracción.

"El dato del PMI de junio da mayores señales de que el crecimiento en el sector manufacturero global se está enfriando desde las elevadas tasas que vimos a comienzos de año", dijo David Hensley de JPMorgan.

"Sin embargo, aunque las tasas de expansión en la producción, los nuevos pedidos y el empleo cayeron durante el mes, el crecimiento sigue siendo sólido a nivel general y supera la tendencia a largo plazo", agregó.

El índice de nuevos pedidos cayó a 55,5 en junio desde 58,9 en mayo, un nuevo mínimo de 11 meses, después de que los índices PMI nacionales en Estados Unidos, la zona euro, Asia y Gran Bretaña apuntaran a una desaceleración en los pedidos.

La producción manufacturera global creció pero a su ritmo más débil desde noviembre pasado, dijo JPMorgan, luego de que el índice para este segmento cayera a 57,3 desde 59,3.

Aunque el empleo siguió trepando en todas las economías industrializadas cubiertas por el sondeo, el ritmo del avance se desaceleró en junio.

Sondeos PMI publicados el jueves mostraron que el crecimiento manufacturero en China tocó su nivel más bajo en más de un año, mientras que un informe separado para los grandes manufactureros japoneses mostró temor en el sector ante las perspectivas a futuro.

El índice combina datos de países como Estados Unidos, Japón, Alemania, Francia, el Reino Unido, China y Rusia.

(Reporte de Andy Bruce)

Euro back, play more than four years minimum

2010-06-07T17:10:00.000-07:00

NEW YORK (Reuters) - The euro fell below $ 1.19 on Monday for the first time in more than four years, but recovered some ground after a figure for the German manufacturing sector led investors take profits recent decline of the currency.

Demand for European corporations helped the euro to recover after falling to $ 1.1876, its weakest level since March 2006.

However, the currency was still below the $ 1.20 mark, a level perforated on Friday after Hungary made a stern warning about the state of their finances.

"After the warning of Hungary and data weaker than expected U.S. employment on Friday, sales of euro became a bit exaggerated," said Amelia Bourdeau, strategist at UBS in Stamford, Connecticut.

"Things were exaggerated last week, but not much on the horizon to be positive for the euro," he added.

Figures released on Friday showed that speculators cut their net short positions slightly on the euro in the week ended June 1, yet still positioned strongly against the single currency, which so far this year has lost about 17 percent against the dollar.

In half-day operations in New York, the euro was down 0.1 percent at $ 1.1961. On Friday, the currency fell 1.5 percent after a report worse than expected for the job market in the United States suggested that the overall recovery may be losing strength, reducing the attractiveness of risky assets.

Against the yen, the euro was virtually unchanged at 110.03 points, while the dollar rose 0.1 percent to 91.99 yen. Earlier, the euro hit a record 1.3850 Swiss franc, falling 0.4 percent.

The pound sterling was up 0.2 percent against the dollar at $ 1.4490 while the euro fell to a minimum of 18 months of 82.12 pence, after traders said that investors were leaving to buy German bonds notes of the British debt because of fears related to the euro zone.

A better-than expected in manufacturing orders in Germany and a reasonable demand for a bond issue in Belgium supported the euro on Monday, according to market participants.

But fears about the fiscal problems have not disappeared. Hungary-EU member, but not in the euro area "shook the markets on Friday when the new government ombudsmen said that the country could face a crisis similar to that of Greece.

That revived fears about the exposure of European banks to the countries of the region with high levels of debt.

Although the problems of Hungary are not considered as severe as those of Greece, some analysts say this could be more vulnerable to the crisis and that does not belong to the euro area and does not use currency.

(Additional reporting by Naomi Tajitsu in London)

Euro retrocede, toca mínimo más de cuatro años

2010-06-07T17:00:00.000-07:00

NUEVA YORK (Reuters) - El euro caía por debajo de los 1,19 dólares el lunes por primera vez en más de cuatro años, pero recuperó cierto terreno después de que un dato para el sector manufacturero alemán llevara a los inversionistas a tomar ganancias del reciente declive de la moneda.

La demanda de las corporaciones europeas ayudó a que el euro se recuperara después de caer a 1,1876 dólares, su nivel más débil desde marzo del 2006.

Sin embargo, la moneda seguía por debajo de la marca de 1,20 dólares, nivel perforado el viernes después de que Hungría hiciera una dura advertencia sobre el estado de sus finanzas.

"Tras la advertencia de Hungría y datos más débiles que los esperados en el empleo estadounidense el viernes, las ventas de euros se tornaron un poco exageradas", dijo Amelia Bourdeau, estratega de UBS en Stamford, Connecticut.

"Las cosas se exageraron la semana pasada, pero no hay mucho en el horizonte que sea positivo para el euro", agregó.

Cifras publicadas el viernes mostraron que los especuladores recortaron levemente sus posiciones cortas netas sobre el euro en la semana terminada el 1 de junio, pero aún así seguían posicionados fuertemente contra la moneda única, que en lo que va del año ha perdido cerca de un 17 por ciento frente al dólar.

En las operaciones de medio día en Nueva York, el euro caía un 0,1 por ciento a 1,1961 dólares. El viernes, la moneda cayó un 1,5 por ciento después de un informe peor de lo esperado para el mercado laboral en Estados Unidos que sugirió que la recuperación global podría estar perdiendo fuerza, disminuyendo el atractivo de los activos de riesgo.

Frente al yen, el euro operaba prácticamente sin cambios a 110,03 unidades, mientras que el dólar subía un 0,1 por ciento a 91,99 yenes. Previamente, el euro tocó un mínimo récord en 1,3850 francos suizos, cayendo un 0,4 por ciento.

La libra esterlina subía un 0,2 por ciento frente al dólar a 1,4490 dólares mientras que el euro cayó a un mínimo de 18 meses de 82,12 peniques, luego que los operadores señalaran que los inversionistas estaban abandonando los bonos alemanes para comprar notas de la deuda británica debido a los temores relacionados con la zona euro.

Un avance mayor de lo esperado en los pedidos manufactureros en Alemania y una demanda razonable durante una emisión de bonos en Bélgica respaldaron al euro el lunes, según participantes de mercado.

Pero los temores por los problemas fiscales no han desaparecido. Hungría -miembro de la Unión Europea, pero no de la zona euro- sacudió a los mercados el viernes cuando personeros del nuevo Gobierno señalaron que el país podría enfrentar una crisis similar a la de Grecia.

Esto revivió los temores relacionados con la exposición de los bancos europeos a los países de la región con elevados niveles de deuda.

Aunque los problemas de Hungría no son considerados tan severos como los de Grecia, algunos analistas señalan que este podría ser más vulnerable a la crisis ya que no pertenece a la zona euro y no emplea la divisa.

(Reporte adicional de Naomi Tajitsu en Londres)

Forecast Currencies, Tuesday 8 June 2010

2010-06-07T16:11:00.000-07:00

Free Signals Sign In

EUR-USD

It should go up to the resistance 1.1923-1.1930 after which should fall to 1.1869, after which bounce to 1.1984 should.

USD-CHF

If it is under 1.1653-1.1675 should fall to 1.1608 or 1.1586. If it ascend above 1.1675 could see above 1.1719.

GBP-USD

Should fall 1.4428-1.4383 after which should rise above 1.4515-1.4557.

USD-JPY

It should end its fall in 90.87, after which should rise above 91.98.

USD-CAD

If it is under 1.0649-1.0693 should fall below 1.0567 or 1.0529. If it ascend above 1.0693 could see it at 1.0769.

NZD-USD

Should rise to the resistance 0.6586-0.6628 after which should fall to 0.6541, a rebound is possible to 0.6673.

AUD-USD

It should go to the resistance from 0.8104-0.8143 after which should fall to 0.8058, after which they may get a bounce to 0.8189.

EUR-JPY

Should rise the resistance 108.94-109.11 after which should fall to 107.91, after which a rebound is possible to 110.14.

EUR-CHF

It should go up to the resistance 1.3868-1.3887 after which should fall to 1.3832. after which a rebound is possible to 1.3924.

EUR-GBP

Should fall from 0.8227 to 0.8202 after which should go up to .8271 to .8291.

EUR-CAD

Should go up to 1.2733. We can see the supports to 1.2618 or 1.2581.

EUR-NZD

It should complete its rise in 1.8109 or 1.8212 after which should fall 1.8005-1.7951.

EUR-AUD

It should complete its rise in 1.4839-1.4780. After which should fall to 1.4584.

GBP-CHF

Should fall 1.6794-1.6753. If it go up, should face 1.6794-1.6909. We should place the stop loss above 1.6990.

GBP-JPY

It should fall to 131.64-130.91 after which should go up to 133.02-133.66.

GBP-CAD

It should complete its rise in 1.5385 or 1.5434 after which should fall 1.5336-1.5298.

GBP-AUD

It should complete its rise in 1.8063-1.7964. After which should fall below 1.7633 for.

CAD-JPY

It should end its fall in 85.00, after which they should go up to 87.32.

NZD-JPY

It should go up to the resistance 60.18-60.66 after which should fall to 59.65, a rebound is possible 61.19.

AUD-JPY

It should go up to the resistance 74.04-74.46 after which should fall to 73.27, a rebound is possible 75.23.

XAG-USD

Should go up to 18.55 if 17.88 or 17.68 offers support. We should place the stop loss below 17.48.

XAU-USD

You should complete its rise in 1242.56 or 1253.18 after which should fall to 1231.94-1225.53.

Yours,
Da-Pay.Com

——–
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eToro Forex Trading

Pronosticos Divisas, Martes 8 Junio 2010

2010-06-07T15:27:00.000-07:00

Señales gratis Registrate

EUR-USD

Debería de subir a la resistencia 1.1923-1.1930 después de lo cual debería de caer a 1.1869, después de lo cual debería de rebotar a 1.1984.

USD-CHF

Si se encuentra por debajo de 1.1653-1.1675 debería de caer a 1.1608 o 1.1586. Si subiese por encima de 1.1675 podríamos verlo por encima de 1.1719.

GBP-USD

Debería de caer a 1.4428-1.4383 después de lo cual debería de subir por encima de 1.4515-1.4557.

USD-JPY

Debería de finalizar su caída en 90.87, después de lo cual debería de subir por encima de 91.98.

USD-CAD

Si se encuentra por debajo de 1.0649-1.0693 debería de caer por debajo de 1.0567 o 1.0529. Si subiese por encima de 1.0693 podríamos verlo en 1.0769.

NZD-USD

Debería de subir a la resistencia 0.6586-0.6628 después de lo cual debería de caer a 0.6541, es posible un rebote a 0.6673.

AUD-USD

Debería de subir a la resistencia 0.8104-0.8143 después de lo cual debería de caer a 0.8058, después de lo cual podría haber un rebote a 0.8189.

EUR-JPY

Debería de subir a la resistencia 108.94-109.11 después de lo cual debería de caer a 107.91, después de lo cual es posible un rebote a 110.14.

EUR-CHF

debería de subir a la resistencia 1.3868-1.3887 después de lo cual debería de caer a 1.3832. después de lo cual es posible un rebote a 1.3924.

EUR-GBP

Debería de caer a 0.8227-0.8202 después de lo cual debería de subir a 0.8271-0.8291.

EUR-CAD

Debería de subir a 1.2733. Podemos ver los soportes en 1.2618 o 1.2581.

EUR-NZD

Debería de finalizar su subida en 1.8109 o 1.8212 después de lo cual debería de caer a 1.8005-1.7951.

EUR-AUD

Debería de finalizar su subida en 1.4839-1.4780. Después de lo cual debería de caer a 1.4584.

GBP-CHF

Debería de caer a 1.6794-1.6753. Si subiese, debería de enfrentar 1.6794-1.6909. Deberíamos de colocar el Stop loss por encima de 1.6990.

GBP-JPY

Debería de caer a 131.64-130.91 después de lo cual debería de subir a 133.02-133.66.

GBP-CAD

Debería de finalizar su subida en 1.5385 o 1.5434 después de lo cual debería de caer a 1.5336-1.5298.

GBP-AUD

Debería de finalizar su subida en 1.8063-1.7964. Después de lo cual debería de caer por debajo de 1.7633.

CAD-JPY

Debería de finalizar su caída en 85.00, después de lo cual debería de subir a 87.32.

NZD-JPY

Debería de subir a la resistencia 60.18-60.66 después de lo cual debería de caer a 59.65, es posible un rebote a 61.19.

AUD-JPY

Debería de subir a la resistencia 74.04-74.46 después de lo cual debería de caer a 73.27, es posible un rebote a 75.23.

XAG-USD

Debería de subir a 18.55 si 17.88 o 17.68 ofrecen soporte. Deberíamos de colocar el Stop loss por debajo de 17.48.

XAU-USD

Debería de finalizar su subida en 1242.56 o 1253.18 después de lo cual debería de caer a 1231.94-1225.53.

Saludos,
Da-Pay.Com

——–

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eToro Forex

EUR / USD: Beware of short positions

2010-06-06T21:25:00.000-07:00

Complete and unquestionable Drilling minimum of 2008 to reinforce the idea that ...

... We are in a bearish primary trend. In the short term, however, doubts grow.

Short-term situation:

It is time to think about the new lows falling away the possibility of a rebound. Confirm the bearish situation of the euro against the greenback in mainstream, certainly, but complete the Elliott wave count we have been driving and we have already written somewhere that might be lacking a final subonda. The black candle on Friday, which returns to the euro / dollar to leave overbooking quantitative differences for the first time in weeks, could be the end of a stroke in May after the lateral triangular microwave as befits the subondas 4. After 4 of 5, 5 of 5. And that can lead to sustainable soil short-term but not to be given back through.

Trend Situation:

Rebound margin, a fact which clearly appears likely with a fall in 5 subondas involved, the prices seem to have in mind a move to 1.16 confirming a high standard monthly bass style that was left in the mid ' 90. Therefore, any rebound after a certain size may be, must return the fall of the euro / dollar.

EUR/USD: Cuidado con las posiciones cortas

2010-06-06T21:21:00.000-07:00

Perforación completa e incuestionable de los mínimos de 2008 para reforzar la idea de que ...

...estamos en una tendencia principal bajista. A corto plazo, sin embargo, crecen las dudas.

Situación de corto plazo:

No es momento de pensar que los nuevos mínimos decrecientes alejan la posibilidad de un rebote. Confirman la situación bajista del euro frente al billete verde en tendencia principal, ciertamente, pero completan el recuento de onda de Elliott que hemos venido manejando y del que ya hemos escrito en alguna ocasión que podría estar falto de una última subonda. La vela negra del viernes, que devuelve al euro/dólar a la sobreventa cuantitativa dejando divergencias por primera vez en semanas, podría ser el final de un movimiento en 5 microondas tras el lateral triangular como es propio de las subondas 4. Tras la 4 de la 5, la 5 de la 5. Y eso puede derivar en un suelo sostenible a corto plazo aunque no haya de por medio figura de vuelta.

Situación tendencial:

Rebote al margen, circunstancia que parece claramente probable con una caída en 5 subondas de por medio, los precios parecen tener en mente un movimiento hacia los 1,16 confirmando de un gran patrón bajista mensual al estilo del que se dejó a mediados de los '90. Por tanto, tras un eventual rebote que puede tener cierta dimensión, deberán volver las caídas del euro/dólar.

CHF / EUR: Win bears

2010-06-06T21:18:00.000-07:00

Facing the trend is always delicate, but sometimes with some tricks up its sleeve ...

... Is a trader's obligation not see anything wrong as taught by the Orientals. Do not forget that the whole theory of candles is a body of knowledge antitendencial. Potentially bullish patterns that appeared to overcoming the 1.434 area had the best support possible to achieve a shift in trend, to reach the lever on which to invest the large number of baseline. But it all depended on the 1.40. Lost, the euro / Swiss franc resumes the downtrend and is in absolute freefall. No arguments to discuss a reduction it is necessary to abide by it.

CHF/EUR: Ganan los bajistas

2010-06-06T21:11:00.000-07:00

Enfrentarse a la tendencia siempre es delicado, pero en ocasiones y con determinados ases en la manga, ...

...es una obligación del trader no ver nada malo tal y como enseñan los orientales. No hay que olvidar que toda la teoría de velas es un cuerpo de conocimiento antitendencial. Los patrones potencialmente alcistas que aparecieron con la superación del 1,434 tenían la mejor zona de soporte posible para conseguir un giro en tendencia, para lograr la palanca sobre la que se invierten los grandes flujos tendenciales. Pero todo ello dependía de los 1,40. Perdidos, el euro/franco suizo retoma la tendencia bajista y se sitúa en caída libre absoluta. Sin argumentos para discutir una tendencia es necesario acatarla.

EUR / USD: On the support area

2010-06-02T17:59:00.000-07:00

Session of transition for the euro / dollar, which continued all day long in the environment of $ 1.22 per euro.

Short-term situation:

The situation remains unchanged and in the hands of bears. Only with the improvement of 1.245 would have a double floor irregular, smaller, with bassist and guideline break first resistance associated.

Trend Situation:

Continues to test the key area of medium / long-term $ 1.23 per euro. Rebound margin, a fact clearly seems likely, the prices seem to have in mind a move to 1.17 and this means opening the possibility of a high standard monthly bass style that was left in the mid 90s.

EUR/USD:Sobre la zona de soporte

2010-06-02T17:54:00.000-07:00

Sesión de transición para el euro/dólar, que se mantuvo durante toda la jornada en el entorno de los 1,22 dólares por euro.

Situación de corto plazo:

La situación permanece inalterada y en manos de los bajistas. Sólo con la superación de los 1,245 tendríamos un irregular doble suelo, menor, con ruptura de directriz bajista y primera resistencia asociada.

Situación tendencial:

Continúa el test a la zona clave de medio/largo plazo de los 1,23 dólares por euro. Rebote al margen, circunstancia que parece claramente probable, los precios parecen tener en mente un movimiento hacia los 1,17 y ello supone abrir la posibilidad de un gran patrón bajista mensual al estilo del que se dejó a mediados de los '90.

AUD / USD: Australian dollar, another opportunity for those who want to enter

2010-06-02T17:48:00.000-07:00

Without a doubt, is one of the references to follow.

Technical Status:

In fact it was an element that was shading the slip yesterday equity market and brand new intra-day annual minimum in the euro / dollar because of its unquestionable influence on the overall tone of equities. The correction, far from deepening, the Australian dollar has remained in the area bounded by the old key resistance of 0.84 level that would have become an important medium not only for the currency pair in question but to the situation in context global market. The fall yesterday despite going a little below the said medium, fits perfectly into what the experts called pullback or move back to old key area.

Strategic review:

Are likely to follow a lateral movement with a probability of creation of a flag.

AUD/USD:Dólar australiano, otra oportunidad para quien quiera entrar

2010-06-02T17:39:00.000-07:00

Sin ninguna duda, es una de las referencias a seguir.

Situación técnica:

De hecho, fue un elemento que estuvo ayer matizando el resbalón del mercado de renta variable y la marca de nuevos mínimos anuales intradiarios en el euro/dólar dada su incuestionable influencia sobre el tono general de la renta variable. La corrección, lejos de profundizar, ha mantenido al dólar australiano en la zona delimitada por la antigua resistencia clave de los 0,84; nivel que habría pasado a ser un importante soporte no sólo para el par divisa en cuestión sino para la situación del contexto de mercado global. La caída de ayer, pese a ir algo por debajo del citado soporte, encaja perfectamente en lo que los técnicos denominan pullback o movimiento de retorno a antigua zona clave.

Revisión estratégica:

Es probable que se siga un movimiento lateral, con una probabilidad de una creación de bandera.

Bloqueo de Ganancias

2010-05-07T12:35:00.000-07:00

Sabemos que muchos traders le temen a el temible Margin Call, pues con esta estrategia es posible evitarlo. Esta estrategia se basa en ir creando una "burbuja" de ganancias que iremos cerrando cuando nosotros queramos o cuando vayan en contra y se cierren automaticamente con el SL.

Para ilustrar esta estrategia usaremos una grafica del USD/CHF en la escala de H4.

Supongamos que abrimos una posicion vendedora en 1.2125, y pongamos que colocamos el SL en 1.2175. Esta posición sera abierta sin target, pero con SL.

En caso de que el USD/CHF no caiga se cerrara en el SL. pero, ¿que pasa si cae?, que debemos hacer con esta estrategia.

En esta grafica vemos que el USD/CHF ha caido, pero vamos a tomar que estamos en 1.1901, entonces moveremos o cambiamos el SL a 1.2000.

Es decir hemos abierto una posición vendedora a 1.2125 y ha caido a 1.1901. Es decir que si el USD/CHF retrocediese en ese punto a 1.2000 la posición se cerraria al tocar el SL con un beneficio de 125 pips.

Como podemos ver en la grafica el USD/CHF ha caido a 1.1718, es decir que aun podemos cambiar el SL otra vez bajandolo a 1.800 o mas abajo.

Es decir hemos abierto la posición a 1.2125 y ahora se encuentra en 1.1718. Y le hemos cambiado el SL a 1.800, pero esta posicion no tiene target de manera que si la moneda sigue cayendo seguiremos ganando y por lo tanto seguiremos moviendo el SL. En caso de que suba entonces se puede cerrar con el SL, de manera que habremos obtenido 407 pips de beneficio (1.2125 - 1.1718= 407 pips).

Hemos puesto un ejemplo en el que la moneda esta cayendo, pero esta estrategia sirve tambien en el caso de que una moneda esta subiendo.

Hay que decir que segun veamos que vaya cayendo la moneda podemos abrir otra nueva posición manteniendo la antigua abierta. De manera que iremos creando una burbuja de beneficios y no nos importara si entramos en margin call por que si las posiciones se cierran , se cerraran con beneficio.

Markets react positively to aid plan Greece

2010-04-12T15:19:00.000-07:00

LONDON / ATHENS (Reuters) - The markets reacted positively on Monday the agreement reached in the euro area to provide financial assistance to Greece, as reflected in lower borrowing costs in the country and a rise in the shares to reduce the risk of a default.

But there were still doubts about whether Greece will have to use the rescue fund on how to activate the plan and how the weaker member of the euro area would deal with its mountain of debt of 300,000 million euros in the long term.

The euro rose, the yield on the benchmark short-term Greeks fell into more than one point to about 5.9 percent and the cost of insuring the debt of the country against a moratorium was substantially reduced on Friday, in a climate by surprise by the bailout of the EU, which was larger than expected.

"It's almost a market that still do not think they have reached a solution to this problem," said Sean Maloney, a strategist at Nomura.

But a German government spokesman front opened a potential conflict after saying that EU leaders should agree at a special summit activation of the support mechanism, in which Germany would be the main contributor with a contribution of 8,400 million euros (11,400 million).

That contradicted statements by the leader of the finance ministers from the eurozone and the European Commission had said that a decision of the ministers would be sufficient and that this could be via teleconference, as did Sunday with the plan rescue.

The euro fell to $ 1.3610 from $ 1.3590 following statements by the German spokesman.

A European Commission spokesman contradicted his German counterpart to ensure that it will not be necessary to convene a summit of European Union leaders agreed to activate the support for Greece.

"No, no need to organize a summit in Brussels. As we saw yesterday, the Eurogroup (the finance ministers) can activate itself in a very quick and effective," said Commission spokesman.

The yield on the country collapsed 12 months some 268 basis points to 5.28 percent, suggesting that the threat of default in the short term had decreased.

"The support package for Greece (...) should ensure that you can meet their financing needs over the next year, but does not guarantee the solvency of Greece in the long term," said Ben May at Capital Economics in London.

Finance ministers of the euro zone agreed on Sunday a package of 30,000 million euros in loans to three years in Greece, at an interest rate close to 5 percent if the country asks for help. The International Monetary Fund would provide another 15,000 million in the first year.

The plan, which in the first three years would amount to EUR 45,000 million and then traded more funding, could be the largest multilateral financial bailout in history, leaving behind former IMF bailouts of Mexico and Argentina.

NO ILLUSIONS

However, the Greek authorities and the national press had no illusions that a short-term boost in the markets will be sufficient to prevent the country from having to seek a bailout in the long term.

"It's a sigh of relief, but does not solve our problems," said center daily Eleftherotypia, which supports Prime Minister George Papandreou, in an editorial.

"The country is heavily indebted and have to lower their debt to survive in the long term," he said.

Papandreou is implementing harsh austerity measures to fulfill the promise of reducing the country's fiscal deficit to below 9 percent of GDP this year.

Managing Director International Monetary Fund (IMF), Dominique Strauss-Kahn, told an Austrian magazine that deflation is the only way that Greece can effectively stop their debt problems.

"The only effective remedy there is deflation," said Strauss-Kahn told Profil magazine in an interview. "And this is exactly what the European Commission has recommended correctly," he said.

The index of bank stocks in the Athens Stock Exchange rose 8.2 percent, exceeding the overall progress of 4.61.

Greece need to borrow some 11,000 million euros by the end of May, in order to refinance debt and ready to conquer interest payments.

A senior Finance Ministry official said Greece would proceed with a presentation in the United States later this month to promote a bond issue dollars.

A successful return to the markets of Greece to Athens would delay any request for help at least until after a key regional election in Germany scheduled for May 9.

The elections in Germany are seen as one reason behind the tough stance of Berlin against Greece, as the plan to help Athens is very unpopular among Germans.

Mercados reaccionan positivamente a plan de ayuda Grecia

2010-04-12T15:18:00.000-07:00

LONDRES/ATENAS (Reuters) - Los mercados reaccionaron positivamente el lunes al acuerdo alcanzado en la zona euro para ayudar financieramente a Grecia, según se reflejó en una baja en los costos de endeudamiento del país y en un alza de las acciones al disminuir el riesgo de una cesación de pagos.

Pero aún quedaban dudas sobre si Grecia tendrá que usar el fondo de rescate, sobre cómo se activaría el plan y sobre cómo el miembro más débil de la zona euro lidiaría con su montaña de deuda de 300.000 millones de euros en el largo plazo.

El euro subió, el rendimiento de los bonos griegos de corto plazo cayó en más de un punto a cerca de 5,9 por ciento y el costo de asegurar la deuda del país frente a una moratoria se redujo sustancialmente respecto del viernes, en un clima de sorpresa por el plan de rescate de la UE, que resultó más amplio de lo esperado.

"Es casi un mercado que aún no cree que se haya alcanzado una solución a este problema", dijo Sean Maloney, estratega de Nomura.

Pero un portavoz del Gobierno alemán abrió un potencial frente de conflicto tras decir que los líderes europeos tendrían que acordar en una cumbre especial la activación del mecanismo de ayuda, en el cual Alemania sería el principal contribuyente con un aporte de 8.400 millones de euros (11.400 millones de dólares).

Eso contradijo declaraciones del líder de los ministros de Finanzas de la zona euro y de la Comisión Europea, que habían dicho que una decisión de los ministros sería suficiente y que ésta podría tomarse mediante una teleconferencia, tal como se hizo el domingo con el plan de rescate.

El euro cayó desde 1,3610 dólares a 1,3590 dólares tras las declaraciones del portavoz alemán.

Un portavoz de la Comisión Europea contradijo a su par alemán al asegurar que no será necesario convocar una cumbre de líderes de la Unión Europea para activar la ayuda acordada para Grecia.

"No, no necesitamos organizar una gran cumbre en Bruselas. Como se vio ayer, el Eurogrupo (los ministros de Finanzas) puede activar por sí solo de una manera muy rápida y efectiva", declaró el portavoz de la Comisión.

El rendimiento del bono del país a 12 meses se derrumbó unos 268 puntos básicos a un 5,28 por ciento, sugiriendo que la amenaza de "default" en el corto plazo había disminuido.

"El paquete de apoyo para Grecia (...) debería asegurar que podrá cumplir con sus necesidades de financiamiento durante el próximo año, pero no garantiza la solvencia de Grecia en el largo plazo", dijo Ben May de Capital Economics en Londres.

Los ministros de Finanzas de la zona euro acordaron el domingo un paquete de 30.000 millones de euros en préstamos a tres años para Grecia, a un interés cercano al 5 por ciento, si el país pide ayuda. El Fondo Monetario Internacional aportaría otros 15.000 millones de euros en el primer año.

El plan, que en los tres primeros años sumaría 45.000 millones de euros para luego negociarse más fondos, podría ser el mayor rescate financiero multilateral de la historia, dejando atrás a anteriores salvatajes del FMI a México y a Argentina.

Sin Ilusiones

Sin embargo, las autoridades griegas y la prensa del país no se hacían ilusiones de que un impulso de corto plazo en los mercados vaya a ser suficiente para evitar que el país tenga que buscar un rescate en el largo plazo.

"Es un suspiro de alivio, pero no resuelve nuestros problemas", dijo el diario de centroizquierda Eleftherotypia, que apoya al primer ministro George Papandreou, en un editorial.

"El país está muy endeudado y tiene que bajar su deuda si quiere sobrevivir en el largo plazo", agregó.

Papandreou está implementando duras medidas de austeridad para cumplir con la promesa de reducir el déficit fiscal del país a debajo del 9 por ciento del Producto Interno Bruto este año.

El director gerente del Fondo Monetario Internacional (FMI), Dominique Strauss-Kahn, dijo a una revista austríaca que la deflación es la única manera con que Grecia puede efectivamente detener sus problemas de endeudamiento.

"El único remedio efectivo que existe es la deflación", dijo Strauss-Kahn a la revista Profil en una entrevista. "Y esto es exactamente lo que la Comisión Europea ha recomendado correctamente", agregó.

El índice de acciones bancarias de la bolsa de Atenas subió un 8,2 por ciento, superando el avance general del 4,61.

Grecia necesita pedir prestado unos 11.000 millones de euros para fines de mayo, de manera de refinanciar deuda pronta a vencer y cobros por intereses.

Un importante funcionario del Ministerio de Finanzas dijo que Grecia seguiría adelante con una presentación en Estados Unidos a fines de este mes para promocionar una emisión de un bono en dólares.

Un exitoso regreso a los mercados por parte de Grecia permitiría a Atenas demorar cualquier pedido de ayuda al menos hasta después de unas elecciones regionales clave en Alemania previstas para el 9 de mayo.

Las elecciones en Alemania son vistas como una de las razones detrás de la dura postura de Berlín frente a Grecia, dado que el plan de ayuda a Atenas es muy impopular entre los alemanes.

Euro rises vs dollar after aid plan Greece, precautionary limits progress

2010-04-12T15:15:00.002-07:00

LONDON (Reuters) - The euro rose on Monday to its highest level in nearly a month against the dollar after the finance ministers of the euro area agreed on a rescue package for Greece, but the cautious comments of Germany limited progress .

The euro-area representatives approved an aid of 30,000 million (40,500 million) in loans, if requested by Greece, with at least 10,000 million is expected to come from the International Monetary Fund (IMF).

The huge financial safety net boosted investors' appetite for riskier assets, helping the Australian dollar briefly to touch its highest level in five months.

However, comments by German Finance Minister put the amount of uncertainty. A spokeswoman said it would take a summit of European leaders to enable aid to Greece and also should be consulted Germany Bundestag.

The European Commission argued that there is a summit of leaders needed to activate the plan.

"They include only the uncertainties. Still do not know what the trigger for the aid to be released. It seems that we have not reached agreement yet. It is set entirely within the market wants to see," said Adam Cole, global head currency strategy at RBC Capital Markets.

"There is still uncertainty surrounding the euro," he said.

The euro rose to a maximum of $ 1.3691, its highest level since mid-March, before trimming its advance to a session low of $ 1.3588 in Europe.

Subsequently, gained 0.7 percent on the day at $ 1.3595.

Earlier, the single currency rose more than 1 percent, at 127.45 yen.

Borrowing costs in Greece are reduced, leading to the premium that investors should pay for having 10-year Greek debt on the German benchmark bonds to 334 basis points from 409 points on Friday.

Greece will test the market appetite for debt with an auction of 1,200 million euros in Treasury bills on Tuesday.

The single currency still has a loss of more than 4 percent against the dollar and the yen since January in one of the worst performances of the world's major currencies this year.

The dollar eased 0.7 percent against a basket of reference currencies, in a week as part of quarterly earnings season of big business.

The yen fell 0.4 percent to 93.57 per dollar in a market focused on a possible revaluation of the Chinese yuan.

Euro sube vs dólar tras plan ayuda Grecia, cautela limita avance

2010-04-12T15:15:00.001-07:00

LONDRES (Reuters) - El euro subía el lunes a su mayor nivel en casi un mes frente al dólar, después de que los ministros de Finanzas de la zona euro acordaron un paquete de rescate para Grecia, pero los cautelosos comentarios de Alemania limitaban el avance.

Los representantes de la zona euro aprobaron una ayuda de 30.000 millones de euros (40.500 millones de dólares) en préstamos, en caso de que Grecia lo solicite, con al menos 10.000 millones de euros que se espera provengan del Fondo Monetario Internacional (FMI).

La enorme red de seguridad financiera impulsó el apetito de los inversionistas por activos más riesgosos, ayudando brevemente al dólar australiano a tocar su máximo en cinco meses.

Sin embargo, los comentarios del ministro de Finanzas de Alemania pusieron la cuota de incertidumbre. Una portavoz dijo que se necesitaría una cumbre de líderes de Europa para activar la ayuda a Grecia y que también debía ser consultado el Bundestag germano.

La Comisión Europea sostuvo que no es necesaria una cumbre de líderes para activar el plan.

"Ellos destacan solamente las incertidumbres. Todavía no sabemos cuál es el detonante para que la ayuda sea liberada. Parecería que no hemos alcanzado un acuerdo todavía. No se fija completamente el marco que el mercado quiere ver", afirmó Adam Cole, jefe global de estrategia cambiaria de RBC Capital Markets.

"Todavía existe la incertidumbre asociada al euro", agregó.

El euro subió hasta un máximo de 1,3691 dólares, su nivel más alto desde mediados de marzo, antes de recortar su avance hasta un mínimo de la sesión de 1,3588 dólares en Europa.

Posteriormente, ganaba un 0,7 por ciento en el día, a 1,3595 dólares.

Más temprano, la moneda única subió más del 1 por ciento, a 127,45 yenes.

Los costos de endeudamiento de Grecia se reducían, llevando a la prima que los inversores deben pagar por tener deuda griega a 10 años respecto a los bonos de referencia alemanes a 334 puntos básicos, desde los 409 puntos del viernes.

Grecia probará el apetito del mercado por su deuda con una subasta de 1.200 millones de euros en notas del Tesoro el martes.

La moneda única aún conserva una pérdida de más del 4 por ciento contra el dólar y el yen desde enero, en uno de los peores desempeños de las divisas importantes del mundo este año.

El dólar cedía un 0,7 por ciento contra una canasta de monedas de referencia, en una semana en que parte la temporada de resultados trimestrales de las grandes empresas.

El yen descendía un 0,4 por ciento, a 93,57 por dólar, en un mercado centrado en una posible revaluación del yuan chino.

Rare China trade deficit "does not fall apart" rising yuan

2010-04-10T17:09:00.000-07:00

BEIJING (Reuters) - China reported its first monthly trade deficit in six years, but a customs official said the fall was a blip and economists doubt that they will get in the way of an early rise of the yuan.

The deficit of 7240 million dollars in March, the first time that the trade balance has been in red since April 2004, mainly reflects large imports of raw materials and vehicles, said Saturday the General Administration of Customs.

The level of both exports and imports was higher than March 2008, before the global credit crisis reached its climax.

China's leaders have said they want to be sure that exports have a significant recovery before removing the anti-crisis policies, including the freezing of the exchange rate of the yuan against the dollar, imposed in July 2008.

"The trade deficit is likely to be cited as evidence that trade flows are adjusting despite the lack of change in the currency, but do not think that will be enough to derail the shift to a stronger yuan in the coming months," said Brian Jackson, an economist at Royal Bank of Canada, in a note at the Boao Forum for Asia.

Henry Paulson, former Secretary of U.S. Treasury, told the conference that takes place on the island of Hainan, south China, which is China's interest to have a more flexible exchange rate to reduce inflation and help change growth toward domestic consumption and away from exports.

"You have to recognize that America is a symbol of China's commitment to continue reforms. My message to my Chinese friends is that this is something that should be taken seriously and managed to continue having progress," he said.

The successor to Paulson, Timothy Geithner, made a quick visit to Beijing on Thursday on his return trip to India, prompting speculation that the resumption of the rise of the yuan could occur soon.

Gao Yi, an economist at Orient Securities in Shanghai, said the March trade deficit could serve as another excuse for Beijing to slow the rise of the yuan, but said China may allow the currency began to appreciate this quarter or next.

Yuesheng Zheng, chief statistician of the customs agency, said China probably will remain a country with a surplus in the long term. The March deficit was a temporary problem, told state television.

(Additional reporting by Langi Chiang and David Stanway in Boao)

Raro déficit comercial de China "no desbaratará" alza del yuan

2010-04-10T17:07:00.000-07:00

PEKIN (Reuters) - China registró su primer déficit comercial mensual en seis años, pero un funcionario de aduanas dijo que la caída fue un problema pasajero y economistas dudan de que se vaya a interponer en el camino de una pronta alza del yuan.

El déficit de 7.240 millones de dólares en marzo, la primera vez que la balanza comercial ha estado en rojo desde abril del 2004, principalmente refleja las grandes importaciones de crudo, materias primas y vehículos, dijo el sábado la Administración General de Aduanas.

El nivel tanto de exportaciones e importaciones fue mayor al de marzo del 2008, antes de que la crisis de crédito mundial alcanzara su clímax.

Los líderes de China han dicho que quieren estar seguros de que las exportaciones han tenido una recuperación importante antes de retirar las políticas contra la crisis, incluida la congelación de la tasa de intercambio del yuan ante el dólar, impuesta en julio del 2008.

"El déficit comercial posiblemente será citado como evidencia de que los flujos comerciales se están ajustando a pesar de la falta de cambio en la moneda, pero no creemos que será suficiente para desbaratar el cambio a un yuan más fuerte en los próximos meses", dijo Brian Jackson, economista del Royal Bank de Canadá, en una nota en el Foro Boao para Asia.

Henry Paulson, ex secretario del Tesoro de Estados Unidos, dijo en la conferencia que se realiza en la isla de Hainan, al sur de China, que es del interés de China tener una tasa de intercambio más flexible para bajar la inflación y ayudar a cambiar el crecimiento hacia el consumo interno y alejarlo de las exportaciones.

"Uno tiene que reconocer que en Estados Unidos es un símbolo del compromiso de China de continuar con las reformas. Mi mensaje a mis amigos chinos es que esto es algo que debe ser tomado y manejado con seriedad para que siga habiendo progresos", afirmó.

El sucesor de Paulson, Timothy Geithner, realizó una rápida visita a Pekín el jueves en su viaje de retorno a la India, lo que motivó especulaciones sobre que la reanudación del alza del yuan podría ocurrir pronto.

Gao Yi, un economista de Orient Securities en Shanghái, dijo que el déficit comercial de marzo podría servir como otra excusa para que Pekín retrase el alza del yuan, pero afirmó que China posiblemente permitiría que la moneda comenzara a apreciarse este trimestre o el próximo.

Zheng Yuesheng, jefe de estadísticas de la agencia de aduanas, dijo que China posiblemente seguirá siendo un país con superávit en el largo plazo. El déficit de marzo fue un problema pasajero, dijo a la televisión estatal.

(Reporte adicional de David Stanway y Langi Chiang en Boao; Editado en español por Ricardo Figueroa)

Continuation Candlestick II

2010-04-10T13:32:00.000-07:00

In this part we will continue with the Candlesticks, then the bearish patterns of candless, On Neck, Thrusting. After which we will continuation candlestick of bullish patterns.

On Neck

In this training with a bearish candle that continues the downward trend. The second candle opens below the closing price of the first candle, but the price does not close above the previous day within the first body of the above. This suggests that the rally that occurs in the second candle, when the market is in decline, this rally shows a momentary stop, yet the market is still continuing the bearish trend and it is possible that in the following falling candles. So this is a stronger signal that occurs in In Neck.

Characteristics

The first candle will be a long bearish candle.

The second candle is a candle bullish, below the opening of the first candle and closed by little in the body of the first candle.

Thrusting

The pattern Thrusting begins with a bearish candle which continues the trend. The second candle shows a rise which closes in the body of the first candle, candle but can not exceed half the body of the first candle.

This pattern shows that the sellers were not weakened by the bullish rally of the second candle and how far sales positions have covered their positions by allowing prices increase slightly. Due to lack of strength exhibited by the buyers, so buyers discouraged to open positions more buyers, and therefore this lack of strength that allows the continued downward trend.

Because this pattern is so weak, traders wait for confirmation on the following candles.

The pattern Thrusting is very similar, but weaker than the bearish Harami and Engulfing baijsta. As the second candle of Thrusting closes below half of the body of the previous candle, while the touch Harami and closed over half of the body, the Engulfing closes above the opening price of the first candle. Thrusting the formation, In Neck and On Neck are very similar.

Characteristics

In a bearish trend, the first candle of the training will be a continuing downward trend.

The second candle is a candle which closed upward under half of the body of the first candle.

Then we will Continuation Patterns in bullish patterns.

Bullish Patterns

Rising Three Methods

This patterns appears in an uptrend, at which the market is on a break and then continue the trend .. This break in the trend can be seen in a number of small candles which are within a range after a strong movement in the first candle.

One possible explanation for this patterns is that the market is digesting the big move in the first candle. These small ranges up to a significant economic data or report. These periods of calm and a small range of Trading in the common market. Rising Three Methods This pattern is confirmed if there is a bullish candle that leads prices continuing to set new trends.

Number of Candles Intermediate: In a perfect training the number of candle would be three. But in reality this number may vary and may take two, four or even five candles. The candles can be an intermediate or a Doji star, bearish or bullish.

Shadows of Intermediate Candles:
We should note that the shadows of the candles are within the intermediate range of minimum and maximum of the first candle in this way to have a strong signal below. Rising Three Methods in this is important for the least reached, since if a shadow is traded below the minimum of the first candle, that will make us doubt about the possible continuation of the uptrend.

Characteristics

In an uptrend, first appear a bullish candle.

The second, third and fourth candle will be small candles falling within the range of the first candle.

The fifth candle continuing the upward trend which set new peaks.

Three Lines Strikes

As long as the trend is an upward trend established, traders will see this training as a sign that the uptrend may still continue.

The first three candles indicate a clear upward movement. Until the third candle we can see the Three White Soldiers training which is a strong bullish signal. The rally that we see in the fourth candle which again andalusia low opening price of training which indicates that some sellers have decided to close their positions in purchasing, but if it is not a sign of trend change.

Because this weak training, many traders look for confirmation in the next candle should be bullish.

Clearly explain the Three White Soldiers, and such training is in training Strikes Three Line upward. Saying that while pattern Soldiers Three White has a connotation bullish, if found in a bearish trend may indicate a change.

Characteristics

After an upward trend followed by three candles which continue the movement upward, each candle closing above the previous candle (which make up the pattern Three White Soldiers).

The fourth candle is a bearish candle which close near the price of the open of the first candle.

Continuation Candlestick I

2010-04-10T13:30:00.000-07:00

In this section we will see pattern of candlestick that indicate a continuation in the trend. The patterns of Continuation will be classified in the bullish patterns and bearish patterns.

Bearish Patterns

Falling Three Methods

This pattern appears in a bearish trend, which in a bearish market trend rested before continuing the trend. This break in the trend can be seen in a number of small candles which are within a range after a strong movement in the first candle.

One possible explanation for this training is that the market is digesting the big move in the first candle. These small ranges up to a significant economic data or report. These periods of calm and a small range of Trading in the common market. This pattern Falling Three Methods is confirmed if there is a bearish candle that leads to new minimum prices thus continuing the trend.

Number of Candles Intermediate: In a perfect pattern the number of candle would be three. But in reality this number may vary and may take two, four or even five candles. The candles can be an intermediate or a Doji star, bearish or bullish.

Intermediate shadows of Candles: We should note that the shadows of the candles are within the intermediate range of minimum and maximum of the first candle in this way to have a strong signal below. Falling Three Methods in this is important for the highest achieved since if a shadow is traded over the top of the first candle, we will doubt that a possible continuation of the bearish trend.

Characteristics

In a bearish trend, first appear a bearish candle.

The second, third and fourth small candle candles upside will be within the range of the first candle.

The fifth candle continuous bearish trend which sets new minimum.

Downside Tasuki

These two candles of this training the bearish trend with the second candle making a gap (hole). The third candle shows that buyers are taking advantage of low prices to buy. But because the third candle does not close the gap created between the first and second candle, the traders believe that the bearish trend would continue.

But as other patterns we saw, this patterns also requires a confirmation which will appear in the fourth candle should be bearish for in this way have a confirmation that the bearish trend.

Forex Markets: The gaps are not usual in the Forex market, and therefore may not see this formation in the Forex market. A version of this candle should have two bearish candles suggesting a bearish movement. The pattern would end with third bullish candle which should not close above the opening price of the previous candle. This version should be less significant Forex and more common, requiring further confirmation.

Characteristics

The first candle is a candle bearish.

The second candle is a bearish candle too, but with a gap between the first and the second candle.

The third candle is a candle upward closing the gap within the previous two candles.

Three Line Strikes

As long as the trend is a downward trend established, traders will see this training as a sign that the downward trend may still continue.

The first three candles indicate a clear bearish movement. Until the third candle we can see the Three Black Crows training which is a strong bearish signal. The rally that we see in the fourth candle which raises again the opening price of training which indicates that some sellers have decided to close their positions in sales, but if it is not a sign of trend change.

Because this weak pattern, many traders look for confirmation in the next candle should be bearish.

Clearly explain the Three Black Crows and that training is training in Line Three Strikes. Saying that while the formation Three Black Crows bassist has a connotation in the case of being in an uptrend may indicate a change.

Characteristics

Después de una tendencia bajista tres candles bajistas seguidas continúan el movimiento bajista, cada candle cerrando mas abajo que la candle anterior ( que conforman la formación Three Black Crows).

La cuarta candle es una candle alcista que cerrara cerca del precio de apertura de la primera candle.

In Neck

In this training with a bearish candle that continues the downward trend. The second candle opens with a small gap below the closing price of the first candle, then a rally until the close of the previous candle. This suggests that the rally that occurs in the second candle, when the market is in decline, this rally shows a momentary stop, yet the market is still continuing the bearish trend and it is possible that in the following falling candles.

Characteristics

The first candle will be a long bearish candle.

The second candle is a candle bullish, below the opening of the first candle and closed by little in the body of the first candle.

Bearish Candlestick IV

2010-04-10T13:29:00.001-07:00

To end the issue of bearish candlesticks we need to to explain the following bearish candlesticks, Tri Star, Gravestone Doji (Haikashi or stoned), Belt Hold, Harami, Harami Cross, Tweezers Top.

Tri Star

After a long upward trend in the occurrence of three dojis shows an indecisiveness which will be the address to take the market. After this training follows a trend change normally.

The first shows a Doji indecision after a long uptrend. The second emphasizes that indecision Doji, Doji third andalusia purchases have lost momentum and control the market. Traders should note the following which should be candles candles bassists.

Fourth candle is needed to confirm the change, which should form a candle bearish for so long in this way know that the uptrend has ended.

Characteristics

After an upward trend, three dojis (same price for opening and closing) will appear consecutively.

Gravestone Doji (Haikashi)

In an uptrend the Gravestone shows an unstable upward rally where prices were taken to new highs in the second candle, where the sellers took control of the market.

Although this training is a sign of weak to moderate itself is a warning to the buyer because the positions uptrend is losing momentum and may be a change of trend.

Traders look for confirmation in the third candle which should be a bearish candle. Such confirmation could appear in the form of an Evening Star

The Gravestone Doji is very similar to Doji Star, with the exception that the second candle is reflected with a Gravestone (Doji, with a maximum and a minimum price equal to the opening and closing) rather than a Doji. The Gravestone Doji is less reliable since the second candle has been an increase which may suggest that the bull market still has control, even despite the recent sale. While the Doji Star gives us a stronger signal of reversal.

Characteristics

After an bullish uptrend is formed a candle which closes at the maximum.

In the second we see a Doji candle (the open and close are identical). The upper shadow should be fairly long.

The lower shadow should not exist or be very small.

Belt Hold

After a hike of candles upside, there is a strong bearish candle. The bearish candle opens at the price of most of the previous candle and shuts down much. The result is a long bearish candle with a small lower shadow or no shadow. This may mean that a fall is approaching.

This pattern tends to happen quite often but is not accurate to predict when the market will move in the following movements. On the other hand the significance of this pattern is obvious, has broken an uptrend due to the sharp decline in the candle. So the stronger the fall, the more likely there is change, but still must wait for a confirmation in the following candles.

Characteristics

In an uptrend, there is a bearish candle.

The bearish candle has an open that is very near of the high. With no shadow or a small lower shadow.

Harami

Haramis are characterized by an upward followed by a small bearish candle, also known as a star. The range of trade: the bearish candle inside the body of the previous candle. The meaning of this training is quite clear, after an upward trend, this has been hampered by a bearish candle.

The Haramis is a weak signal strength, though, because in an uptrend it is logical that they are leading to sales prices from the top down again. The closing of positions buyers could have caused this. Traders usually look to the following candles are bassists, but would not bet it.

Harami formation is very similar to the formation Engulfing with the exception that in the second Harami candle Trading no body below the previous candle. Because the sellers have failed to bring the price of the second candle below the middle of the body of the first candle which gives us a weaker signal.

If this occurs after formation of a bullish long-term uptrend, traders will give more importance to it.

Characteristics

The first candle is a candle with the continuing upward trend.

The second would be a little bearish candle, which would rank within the body of the first candle, over half of the body of the first.

Harami Cross

This formation is characterized by a bullish candle followed by a Doji that lies within the body of the first candle. So far this training quite consistent with the Doji Star Evening Doji we indicate that the range of motion was found nearby and hill candle andalusia andalusia same opening price. It suggests that after a strong upward movement the market has lost control. We expect a confirmation of trend change in the case appears a bearish candle.

Characteristics

The first candle is a candle with the continuing upward trend.

The second candle is a small candle completely within the body of the first candle.

Tweezers Top

The important element here is that the candles have the same maximum. This can happen in two consecutive candles as we see from the graph, or a series of non-consecutive candles.

After a prolonged uptrend, so we can give a weak signal of change, but how many traders will come to the candles then.

But the most useful for this training is that it creates an important resistance level. In any market, in trend or a range, the pattern will give us a level of resistance. The levels of resistance are ranges on the market that has difficulties in breaking with a bullish movement. So therefore the maximum price that the candles created a brand that share the market tried to break.

Bearish Candlestick III

2010-04-10T13:27:00.001-07:00

Now continuing with the theme of bearish candlestick we need to explain the following bearish candlesticks, Deliberation, Dragonfly Doji (Flying Dragon), Engulfing, Meeting Lines.

Deliberation

The pattern Deliberation or Stalled (Stuck) shows a weakening in the uptrend. After two strong candles upside the small body of the third candle tells us that the movement is losing momentum. While this formation shows a change in the market is not strong enough to create a signal to sell, but we will liquidate positions buyers.

This pattern requires that the second candle opens within the range of the body of the first candle, but the gap (gap) in the opening price is not possible in the Forex market. But traders tend to look similar formations as the Advance Block or Breakaway indicate that the market psychology.

Characteristics

In an upward trend or movement, two bullish candles appears.

The third candle is a little more bullish candle, as the spinning top or a Doji.

Dragonfly Doji (Flying Dragon)

After a strong uptrend a sale which is reflected by the Dragonfly Doji suggests that the trend may have lost strength.

Despite the fact that the hill on or near its opening price or a maximum reflecting bullish rally that day, but the candle we questioned the possibility that the market continues to trend upward.

With the upward movement lost momentum training can be a sign of more sales in the near future. We will have to seek confirmation of a trend change in the following candles.

Dragonfly Doji and Hanging Man

The Dragonfly Doji is a rare training in candlesticks that typically occurs at the top of an uptrend. It is very similar to the Hanging Man, with the exception of the Dragonfly Doji prices for opening and closing are virtually identical (without body). When the market opens and closes at the same price that shows a greater tendency to indecision of a small candle. Therefore, the Dragonfly is a more reliable signal that the Hanging Man and that gives us a stronger bearish signal.

Characteristics

A candle with a very small or no body and a long lower shadow (long lower shadow).

The lower shadow is at least double the body of the candle

It has no upper shadow.

Engulfing

This pattern is one of the most clear change in a bearish trend. The pattern reflects that sellers have taken control over the purchase, and often is followed by a drop in the price.

First Candle: This may occur even as a Doji, the smaller the first candle will be the longest fall in the second candle and therefore higher signal a trend change. The dojis and candles indicate a small uncertainty in the trend, hence the smaller the first candle is the best sign of the end of an uptrend.

Second Candle: The second candle confirms the bearish end of the trend. The larger the greater the bearish candle drop movement and therefore the better the signal change.

This pattern is also more significant when it precedes a long upward trend or a quick upward movement. In both cases indicates that the market is in overbought and is therefore a possible change in trend.

The pattern Engulfing provide us levels of resistance to the price that this training has achieved. In the future this level of resistance will be difficult to break.

Characteristics

In an established uptrend, a candle upward to a small average.

n the second day the formation of a bearish candle.

Normally the maximum (high) of the bearish candle should be over the maximum (high) of the previous candle.

The signal strength will be greater the further down the candle close below the bass (low) of the first candle.

Meeting Lines

After an upward trend, the second candle opens above the close of the first candle. Although the second candle has a rally and open up the sales lead to closing the candle near the closing price of the previous candle. Hence its name because it included the closing lines of the previous day and the second candle near the end of the second candle and closing the first candle.Esto means that the upward trend has weakened and may change trend.

Psychology and Confirmation: In many ways this training is a clear indication of a trend change, as prices have been rising for a while. We can see an upward movement in the first candle, setting a mark for the rally. After the close of the first candle and the opening of the second candle, the market has continued to rise. The second candle we sell a telling shift. Those traders that have positions close and buyers must find the time to start selling. But as this formation is a formation of a moderate turnaround in strong, traders will need to seek confirmation of a change in the following candles.

This pattern is fairly typical in a short-range market. Meeting Lines is more significant after a prolonged uptrend.

Meeting Lines is not as reliable as the Dark Cloud Cover. The Meeting Lines is very similar to Dark Cloud Cover. With the formation Dark Cloud Cover, the rally is not as high, suggesting a weaker purchasing power. With the Dark Cloud Cover is the strongest decline, indicating that sellers are more to strength Meeting Lines. Therefore, the Dark Cloud Cover is more reliable.

Characteristics

The market should be characterized by an uptrend.

The first candle will be a bullish candle.

The second candle is a bullish candle.

The two closed at the same price.

Bearish Candlestick II

2010-04-10T13:22:00.000-07:00

Continuing with the theme of bearish candlestick we need to explain the following bearish candlestick , Three Inside Down, Three Outside Down, Advance Block, Breakaway.

Three Inside Down

During an uptrend, it opens a bullish candle with a sharp movement. But then prices go down again, as can be seen in the bearish candles red, this would have changed the trend of previous days. The confirmation of trend change occurred on the third candle, which completes the pattern.

Characteristics

Following the upward trend, the first candle will be a bullish candle.

The second candle is a bearish candle where the body of this is within the range of the body of the first candle. The first candle wraps the body of the second candle.

The third candle is a candle which closed down below the previous candle, and at the same price or slightly below the first candle.

Three Outside Down

In an uptrend, the second candle closes below the first candle, completely enveloping the first candle. The second candle says that sellers have taken control of the market and that have broken the trend set. The confirmation comes with the third candle which should be bearish and close below the previous candle.

Relationship with the pattern Engulfing

The pattern Three Outside Down Engulfing is a continuation of the third candle in the confirmation of a trend change. The training itself is bearish Engulfing signal a moderate change in the trend, but when it is followed by a bearish red candle (which is formed with the Three Outside Down), the training becomes more reliable.

Characteristics

After an uptrend is a form Engulfing (the first candle is bullish and the second will be a bearish candle which encompass the first and closed below the first candle).

The third candle is a candle which closes down further below the previous candle.

Advance Block

After an upward trend, rising three candles each candle opening closing higher than the previous one. Three candles followed usually reflect a definition of the uptrend. But in this case, each candle is more bullish than the previous low. Often the second and third candles often have long upper shadow (long upper shadow), which is an indication that the market is striving to reach new peaks, maximum sustainable, which we consider evidence of a weakening uptrend. Ultimately yielding a view of the landscape suggests that the upward rally is losing strength and preparing for a change. Traders buying positions should be careful when they see the bodies of the candles are made successively smaller, or if we see higher long shadows (long upper shadow). They may want to consider protecting their positions from a possible weakening of the trend.

The Advance Training Block is not a strong hand, but potentially can predict a change in trend. This training is stronger when an upward trend has pushed prices to new peaks. Training suggests that buyers buyers close their positions, although not defined if there is an opportunity to begin to sell. A fourth candle bearish confirmation when you start to sell.

Characteristics

Three consecutive candles upside, closing each one higher than the previous one.

For each candle, the body is significantly smaller than the body of the candle before.

second and third candles can have long upper shadow (long upper shadow).

Breakaway

The first candle suggests that the strength of the trend has accelerated. The third and fourth candles weakest upward movement indicates that the trend started to slow.

In fact, the third and fourth candles are consistent with the formation Advance Block. Advance The Block is not usually a strong training and exchange traders tend to expect a confirmation on the next candle.

The last candle of the Breakaway us precisely such confirmation. After a deterioration of the uptrend, a bearish candle appears that way to refocus the direction of the market. The traders usually want to see that the candle closed below the second or third candle ideal for a confirmation.

Characteristics

The first candle is a bullish candle.

second, third and fourth candle also continue in the same direction with higher closures, but they are weaker than the thrust of the first candle.

The fifth candle is a candle that closes down within the range of the body of the first or second candle.

Bearish Candlestick

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We have already seen some bearish candles, such as the Hanging Man and Shooting Star in this section explains the most bassists candles classified as follows for their reliability, high, moderate, weak. Ie go from the highest to the weakest.

Abandoned Baby

This candle is a rare case in the candles bassists, is characterized by a long climb followed by a Doji or a small candle, followed by a candle down.

This training shows a formation of three classic where after an uptrend, the sellers took control by making the prices rise. In a first step, sellers slowed the rise in prices (forming a Doji) and then changed the direction of the trend.

The first candle indicates a continuation of the climb. This movement is followed by a Doji, where the trade: a small margin indicating an uncertainty in the trend and a potential price rally. After that indecision, a bearish candle confirms that vendors are focusing and forcing a change and a rally in prices. The stronger the downward movement of the third candle, the stronger the signal change. This training is almost identical to the Evening Doji Star

Characteristics

The first candle is a bullish candle.

The second candle is a Doji or a small candle.

The third candle is a bearish candle.

Dark Cloud Cover

The first candle on the upward trend continues. The second candle sellers take prices down to close near the opening price of the previous candle.

Traders believe that the higher is the rise of the second candle is better because it was the biggest rally since the opening, most vendors appear to bring prices down.

This training suggests that sellers are beginning to take over the market, while the upward trend has begun to lose momentum. Falls are common after show this trend as more vendors come to you with confidence and a clear stop loss of the second candle.

However traders wait for confirmation of how great was the fall of the second candle.

Characteristics

The first candle is a bullish candle.

The second candle closes below the mid-body of the first candle.

Evening Doji Star

Evening Star starts with a bullish candle. The first candle is a candle with the continuous upward trend. The second is a Doji. The Doji is the opening price to closing. Doji This indicates that the uptrend is losing momentum. The third candle is a bearish candle which should close within the range of the body of the first candle.

Evening Doji Star is a bearish signal that can indicate a level of resistance or ceiling. This training to include a Doji has a bearish implication that the more frequent morning Doji star.

Characteristics

The first candle is a candle that continues the uptrend.

The second candle is a Doji, its opening price shall equal the closing.

The third candle is a bearish candle, which should close within the range of the body of the first candle.

Evening Star

It begins with a continuation of the uptrend. The second candle we see a continuation of the uptrend, but in this case because the vendors the candle closes near the opening price. These first two candles suggest a loss of momentum in the uptrend. In fact, until the second candle is consistent with the formation Shooting Star which is a weak to moderate change in the trend.

The Shooting Star itself is a decent signal to begin selling in the next candle. Because the Shooting Star is a low indicator, we must wait to confirm the following, which should be a bearish candle (red).

The Evening Star need in a third candle of a strong sell. The trader who look after the first close, two candles have approximately the same opening price, indicating that in this way in the market and there is no hesitation in changing trend. So with this training you can wait for more sales in the following candles.

Characteristics

The first candle is a candle with the continuous upward trend.

The second candle is a candle bullish, but the candle closes near the opening price.

The third candle is a candle which will close down within the range of the body of the first candle.

Bullish Candlestick IV

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To end the issue of bullish candlestick we need to explain the following formations, Tri Star, Belt Hold, Gravestone Doji, Tweezers Bottom.

Tri Star

In a long bear market, bearish trend shows weakness as the bodies of the candles are becoming increasingly smaller, and in some cases are formed when three consecutive dojis.

A Doji candle indicates a hesitation, as neither buyers nor sellers have been able to take the closing price beyond the opening price. This usually happens in the common market where the range of motion is usually very short vacations or holidays. But after a prolonged bearish trend or during periods with large price movements in a number of dojis indicate a change in trend. Traders usually look for when buying after the formation of Tri Star

Characteristics

After a bearish trend.

dojis appear (with the same opening price and closing), which appear consecutively.

Belt Hold

After a fall down with candles, formed a bullish candle. The candle opens below the previous candle and closes below with a short lower shadow or no shadow. This change of direction may mean there may be a shift. Traders look for confirmation in the following candles, which should be the upside.

This training typically occurs frequently but is difficult to predict the trend will continue. The meaning of this training is evident, the bearish trend has been broken due to a strong upward movement. So the bigger the candle bullish (green), the stronger the likelihood of a shift. But even so traders should expect the following candles to confirm the change.

Characteristics

In a bearish trend, a bearish candle.

bullish candle has an opening price is close to the minimum day.

(lower shadow) or none.

Gravestone Doji (Haikashi)

The Gravestone Doji is also known as Haikashi or stoned. In a bearish market trend, buyers make a rally in the price, but can not close the candle above the opening price.

Although this training is weak in signal strength, causing the rally in the shadow higher Gravestone Doji is a warning sign for the selling positions of bearish trend is losing momentum and that change is possible.

Psychology of Gravestone Doji

Any Doji candle by standard has the closing at or near of the closing price of the candle. The Gravestone Doji has a higher shadow indicate that there has been a rally in the price as long as the candle Trading. Traders observe the following candles to verify that buyers have taken control of the market. If the following day stay above the Gravestone Doji, that suggests closing sales positions with which the bear market will weaken further. Many traders see the weakening of the market began to buy, which would produce a shift. This training is recommended for firmente wait for a confirmation signal change.

Gravestone Doji and Inverted Hammer

The Inverted Hammer is very similar to Gravestone Doji, with the exception that the second candle is a small body but a Doji. The Gravestone Doji is more reliable than the Inverted Hammer.

Characteristics

The first candle is a candle to confirm a bearish bearish trend, closing to a range of trade: close to the lowest minimum.

The second candle is a Gravestone Doji, which has the same opening price to closing, but the shadows in the upper range of the body of the candle before.

The shadow bottom of the second candle should not exist or be very small.

Tweezers Bottom

This pattern is the important point that we will see a series of candles that have the same minimum (low). This could be two candles as shown in the example above or a number of candles that are not consecutive.

After a long downhill movement, this pattern can give us a weak signal of change in trend, but traders looking for confirmation of that change.

It is more useful as training creates a resistance level. In any market, in trend or a certain range, this training creates a level of support because the candles have the same minimum (low). Support levels are price ranges that the market tends to try to break.

Characteristics

In a bearish trend, the first candle will be a bearish candle (red) without shade lower (shaved bottom).

hammer is a bullish (green) or with a Doji long upper shadow (long upper shadow).

Bullish Candlestick III

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Now continuing with the theme of bullish candlestick we need to explain the following candles Engulfing, Ladder Bottom, Piercing Line, Three Stars in the South.

Engulfing

This pattern is one of the most clear. This formation indicates that buyers have taken control over the vendors so that will slow the fall, and often precedes a rally in prices.

First Candle: The candle may first appear even as a Doji, the smaller the first candle and the second largest candle, that will give us a sign of change stronger. The small candles Dojis and we reflect a hesitancy on the trend, so that the smaller the first candle but it indicates the end of a bearish trend.

Second Candle: This candle has confirmed the end of the bearish trend. The larger the candle upward, the greater the rally in prices and hence the better the signal shift.

This pattern is also very significant if it has recently been a very long bearish trend, or a sharp fall in prices. In both cases suggests that there may be oversold and thus a possible change in trend.

Support Level: The level reached by the Engulfing us in the future indicate a level of support.

Characteristics

After a bearish trend, the first candle continues the trend with a red candle.

The second candle is a candle which wraps upward (hence the name Engulfing) to the first candle, candle very close second over the first candle.

Ladder Bottom

In this pattern we see that the first candles are on a consistent downward trend. But as it progresses sellers have the opportunity to close their shorts and get benefit. As we can see in the fourth candle appears Inverted Hammer. Candle in the quarter as prices are being purchased, the high growing. But even this candle sellers are able to lower the levels near the open of the candle creating a small body. In this candle, we see that sellers are beginning to lose control. The fifth candle we see a rally in prices created a bullish candle (green).

Characteristics

After a bearish trend, three consecutive bearish candles, which closes a lower than the previous one.

The fourth candle is a candle with a bearish long upper shadow (long upper shadow). An Inverted Hammer.

The fifth candle is a bullish candle.

Piercing Line

The first candle on the market continues to trend downward. The second candle buyers have brought the price close to the opening price of the previous candle.

Normally, traders believe that the lower the candle of two days will be better because the bigger the sale price after the opening but buyers will be willing to bring prices back up.

This training suggests that buyers have started to take control of the market, and sellers have begun to lose control of the momentum lost by the bassist. The rallies are common after this formation.

The higher the second candle closing with respect to the body of the first candle, the higher the probability of completing a bearish trend. If the candle does not close over half of the body of the first candle, the trade believe that it is safer to wait for a confirmation signal on the next candle.

But many traders waiting for a confirmation no matter how deeply the Piercing Line arrives.

The Piercing Line is the opposite of the Dark Cloud Cover.

Characteristics

After a trend already established, the first candle will be a bearish candle (red)

The second candle will be a bullish candle (green), which closed over half of the body of the first candle.

Three Stars in the South

Three In The South suggests that there is a weakening of the trend. Although each candle can shut down more and more, and despite the fact that vendors can bring the price below which you can see the long shadows lower (long lower shadow), these candles can not close with prices lowest in this way to continue the bearish trend.

Although the Three In The South is a reversal pattern, the traders do not usually take as a strong signal of change itself. Instead, traders use it as an indication that vendors should close their positions and wait to make purchases.

This is an important formation after a long sale.

Characteristics

After a bearish trend, the first candle will be a bearish candle (red) with a long lower shadow (long lower shadow).

The second candle is a candle bearish (red) similar to the first, but with a shorter shade lower.

The third candle is a candle bearish (red) which Trading within the range of the second candle and a small body with no shadows (Marubozu red).

Bullish Candlestick II

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Continuing with the theme of bullish candlestick we need to explain following Candles, Three White Soldiers, Breakaway, Doji Star, Dragonfly Doji.

Three White Soldiers

After a bearish trend, three consecutive candles upside which closed higher than the one above, act as an indicator, of course tells us that an upward trend, and will ensure that an upward movement.

Sometimes this will mean that playing a key support. The three candles, as we are growing, and the closure of three candles is near the maximum.

Characteristics

After a bearish trend, three candles upside open.

Each candle close above the previous candle.

Breakaway

The first candles indicate that the strength of the trend is expected to accelerate slightly. As of the third candle now weaker movements tell us that fall has begun to slow.

In fact the first three to four candles are consistent with the formation Three Stars in the South (Three Stars in the South), a formation that will be seen below. Training Three Stars in the South (Three Stars in the South) is not exactly a strong bullish formation, and traders expect a confirmation for an upward change.

The last candle Breakaway's confirmation gives us just that. After a few days during which the trend has weakened, the last candle in this way appears to reorient the direction of the market. Normally traders expect bullish candle that closes at least above the body of the second or third candle, in this way for a confirmation.

The number of candles that we should seriously intermediate four bearish candles (red) before the last bullish candle (green), but in reality the candles would only be two, three or even five candles we suggest the weakening of the trend. Thus the search for Traders 4 candles (not counting the last candle) to confirm the training, but training would be similar.

Characteristics

first candle would be a bearish candle continuing the bearish trend.

candles second, and third and fourth also continued the downward trend but with smaller bodies, but it would be much weaker than the first bearish candle

Teh fifth candle would be a bullish candle which would close about half of the first candle of the body or slightly above the second.

Doji Star

The Doji Star starts in a bear market with a bearish candle (red) high. The next candle is Trading in a small room and closes the opening price or close the opening price. This small margin tells us that there is indecision in the market, it is considered that the smaller the Doji shows that a strong signal of change. This indicates that sellers are losing control, the momentum is weakening and buyers picking up this control.

For a strong confirmation of the trend, we will see third bullish candle to close higher. In the same way on the third day of Abandoned Baby or the Morning Doji Star

Characteristics

The first candle is a candle bearish (red).

The second candle is a Doji which opens at the closing price of the previous candle.

The shadows of the Doji should not be long.

Dragonfly Doji (Flying Dragon)

In a bear market shows a loss of sales force, as prices fell to new minimum, but buyers took control of the tendency at the close of the candle.

Although this training is a moderate to weak signal is a warning that the bearish trend is losing its momentum and the possibility of a change to an uptrend.

Many traders wait for a confirmation signal, waiting for a bullish candle (green).

The Dragonfly Doji occurs in soil (background) of a bearish trend. It is very similar to the Hammer, but with the exception that the Dragonfly Doji prices for opening and closing are very close (no body). The Dragonfly is more reliable than the Hammer and is usually a bullish signal stronger.

Characteristics

This formation is stronger after a bearish trend.

Candle is formed with a very small or no body and a long lower shadow.

Shade is twice as the body (if any) of the candle.

It has a small or no upper shadow (upper shadow).

Bullish Candlestick I

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We have already seen some bullish candlestick, such as the inverted hammer or hammer. This section will explain the more candles upside classified as follows for their reliability, high, moderate, weak. Ie, go from the highest to the weakest.

Abandoned Baby

This candle is a rare case in the bullish candlestick is characterized by a long descent followed by a Doji or a small candle, candle followed by a climb.

This training shows a formation of three classic where after a bearish trend, the buyers took control by making the prices rise. In a first step buyers stopped falling prices (as a Doji) and then changed the direction of the trend.

The first candle indicates a continuation of the descent. This movement is followed by a Doji, where the trade: a small margin indicating an uncertainty in the trend and a potential price rally. After that indecision, a bullish candle confirms that buyers are focusing and forcing a change and a rally in prices. The stronger the upward movement, the stronger the signal change.

Characteristics

The first candle indicates a bear market.

In Doji, the shadows are trades below the close of the first candle

then opens a bullish candle, which Trading over the first candle, which can be large or small shadows shadows.

Morning Doji Star

This candle gives us a very strong signal of change. Morning Star formation is characterized by a continuation of the bearish trend followed by a Doji, and indicates some uncertainty as to the strength of the trend.

The formation or Doji Doji Star, which shows an upward trend indicates moderate force. After hesitation, the change in trend is confirmed when you create a bullish candle, which makes a rally in his ascent. The stronger is the increase in candle, the stronger the signal change.

It must be said that in the Forex market this training is almost similar to the Abandoned Baby. In Forex market analysts are not looking for gaps (holes) to identify the strength of the Morning Doji Star. Gaps in the Forex are rare because int Forex we trade 24 hours.

Characteristics

First we see a bearish candle which is a continuation of a bearish trend.

Then a Doji appears in which the opening and closing prices are equal.

then opens a bullish candle

Three Inside Up

In this formation until the second candle is a bullish Harami simple. The training gives us a Harami stop showing that buyers have slowed down the strong. This training usually precedes a rally in prices.

With just a Harami, analysts generally expect a confirmation to enter long (buy). Three Inside Up This training gives us the confirmation.

Of course be needed for further confirmation to take force, the third candle must close above the first candle, and thus taking a new high (high). This training suggests that buyers take control of a bearish trend and are pending the time they enter.

Characteristics

After a bearish trend, the first candle will appear in a bearish candle.

next candle will be a bullish candle which should not exceed half of the first candle.

The third candle will be a bullish candle that closed above the first candle.

Three Outside Up

This is a clear pattern in the cutting of the trend. Indicates that buyers have taken control of the situation, and therefore has slowed the fall, and precedes a continued rally in prices. Until the second candle is a bullish Engulfing, which in itself is a strong signal of change.

Characteristics

After a bearish trend established, it remains a bearish candle

The second candle which wraps the first closing above the opening price of the first candle.

The third candle, which is rising, prices closed above even the second candle.

Basic Candlestick

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Basic Candlesticks

Spinning Tops, Koma

The Spinning Tops are veleas that their real bodies are small and may be higher or lower shadows that can usually be longer than the length of the body. This represents a reluctance among the Spinning Tops, tops, are candles that have small real bodies, with their shadows on the upper and lower ends that are longer than the length of the body. This represents indecision between buyers and sellers.

The color of this candle is not important because the small body with shadows is what defines this mainly sail. bulls (bull) and bear (falling). The color of this candle, along with the actual extent of the shadows is not important. A small body about the shadows is what defines and identifies the candle. Spinning Top is fast turning into the ceiling.

The body, regardless of color, we reported that there had been little path between the open and close, with reference to their shadows these denote a hesitancy among buyers and sellers, but where there has been no clear determination of whether force purchase or sale.

In the event of a Spinning Top was formed in an uptrend, this behavior we suggest that buyers do not have enough strength to continue rising, and therefore it is possible that a drop occurs.

In the event of a Spinning Top was formed in a bearish trend, this behavior would indicate that we are indecisive sellers are not very convinced and therefore do not have enough strength to continue to fall, and is therefore likely to occur up .

Marubozu

Marubozu means Japanese shaved or cut closed. Other interpretations refer to this as a candle or Bald Head or Shaved. These names come to the event ensures that this does not have shadows or higher or lower. Whether black or white candle, the High and Low prices are consistent with the Open and Close.

There are considerations that make a Marubozu between White and Black Marubozu which we now turn.

Black Marubozu

The Marubozu Black has a black body and long without shadows, where the opening price (Open) equals andalusia highest price (High) and the closing price (Close) is equal to the lowest (Low).

Normally, this candle is considered as weak, as sellers control the session, so it is possible then a bass player, or any change and this is because it may indicate an end of sales and is usually the first day in many models of bullish investment. This candle is often called also Mayor Ying or Marubozu of Ying.

White Marubozu

Like the Marubozu Black, White Marubozu has a white body and long shadows on without end. Where the opening price (Open) is the same as the lowest (Low) and the closing price (Close) is the same as preico highest (High)

This candle is considered strong when it is considered on its own merits. Usually the opposite of Black Marubozu since it is often the first part of a bullish continuation or the first day on a bearish investment model. Is called Mayor Yang or Marubozu of Yang.

However, the opening and closing may be different ... see the openings and closures.

Closing Marubozu

In a closing of a Marubozu, the sail has no shadow extending from the closure, whether Marubozu a Black or White.

If the body is white, no shade superiro that the closure would be in the upper body. Like the white Marubozu in a Black Marubozu closure is in the lower body. In the case of a Marubozu Black (Yasunebike) this is considered weak and a candle is a candle Marubozu strong.

Opening Marubozu

In an opening Marubozu has no shadow extending from the opening of the body.

If the body is white, there would be no lower shadow, and sailing would be considered a strong bullish candle shadow on the bottom, then it is still a strong bullish candle. In the case of an opening in a Marubozu Black (Takano Yoritsuki) without shade higher is considered a weak candle and it is a bearish candle.

But it must take into consideration the following, the opening in Marubozu is not considered as strong or significant as the fastening Marubozu.

Interpretation and Origins

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The Candlestick - Origins and What are

Despite the name they have, the "Candles" or "Candlestick" is a Japanese source, the use of candles dates back to the beginning of the eighteenth century as a system that allowed detection of changes in rice prices. Several people were using this method but one that stands out was using candles Muneisha Homma, having gained much success using the method of candles led him to be recognized as a god of the markets.

Homma Muneisha dominated the rice market in Osaka, after which the market operates in Edo, where he says he was able to carry out 100 consecutive successful operations. Subsequent to this he was appointed financial adviser to the government, giving him the title of Samurai.

Homma Muneisha write two books, "Sakata Shenso" and "No Soba Sani Den," about the markets, these books were written in the eighteenth century which contained the principles that were used by him at the time of market arrox of these principles are now analyzing the origin of candles being used in the world. on markets that were written in the eighteenth century contains the principles used by him at the time of operation in the rice market, are now analyzing the origin of candles being used in the world.

Japan was a closed country to the world until very recently, so this form of analysis was not known in the world until he met Steve Nison introduced into the Western world, after having studied, invested tested first by typing on this analysis techniques. By the 90s this technique was gradually gaining adherents, to be popular today. But without the discovery of Steve Nison, the Technical Analysis of candles remain a hidden secret.

To begin to understand what a candle is the first thing we need to know is how the different parts and characteristics of a candles, as we see below.

Classical Form

This is the classic way of representing a Candlestick where we see a bullish candle that is represented by a white body and a candle with a bearish or black body. Candlestick with a white body for increases in the candlestick chart and with a black body for downhill in the graphic.

Interpretation of a candlestick

The classical form is not widely used because it can lead to confusion, which is why many operators often use the colors of candles, which helps us to differentiate between a bullish and a bearish candle Based just as in color.Bueno we have said many traders like the candlestick color and so we are going to see them in color.

Consider the interpretation that we will give 4 points to a candle which is the Open, Close, High and Low.

Interpretation

Bullish Candlestick : The candle is bullish on which the closing price (Close) is above the opening price (Open), this candle is represented as a hollow (typically white, as we saw in its classical representation).

Bearish Candlestick : The candle is bearish one in which the closing price (Close) is below the opening price (Open), this candle is represented by a solid body (usually black , see classical form).

Body : The solid or hollow candle is often called the real body.

Shadows : The lines that appear above and below the body of the candle shows the range high / low and these lines are known as Shadow (Shadow).
High : It's the peak of the upper shadow (Upper Shadow), at this point is known as "High".
Low : This is the minimum point of the lower shadow (Lower Shadow), at this point is known as "Low."

Candlesticks: Introduction

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In this section we will see an important part of technical analysis that is familiar with Candlestick. These candles were used by the Japanese as a form of analysis in the measurement of possible fluctuations in the price of rice, which was a key product in Ancient Japan.

Japanese candles were used by various people emphasizing Muneisha Homma, considered at the time the king of the market, thanks to having achieved 100 consecutive successful operations.

The candles we provide information about how you feel the market will help us to discern any movement that could do depending on how the market behaves and how it is reflected in the sails.

To define the market sentiment, our candles provide information through various ways, depending on how your body is or has been your shadow. So if we see that a candle has a long body, it shows that buyers have pushed prices to rise , otherwise the sellers would need to be pushed down.

When we see this long shadow indicates a reluctance of buyers and sellers giving in to some others.

Candles can be classified into three main groups, upside, downside, or below, which can be classified depending on the reliability of high, moderate or weak.

Bullish candles indicate a possible change in the bullish market, where we can assess the behavior of the market is telling us how strong this change, and where to seek confirmation of that change. Bearish candles tell us the same thing but in this case will be changes in the market downside. Continuation of the candles indicate a continuation of the trend.

Channels

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To draw a first channel should first draw the trend line and another line parallel trazaremos following the bullish or bearish trend.

To draw a bullish channel must draw the lines for the same angle as having an upward trend from a peak to valley. Logically we can do this while creating the trend line.

To draw a bearish channel must draw the lines for the same angle as having an upward trend from a peak to valley. Of course this can be done at the same time we believe the trend line.

We must draw the correct channel as the channel will give us information about the trend, such as points of purchase, end points, as we said that a trend confirmed at this time we can establish short-range trend , medium or long term following the main trend.

Areas of Sell and Buy

Bullish Trend

As we see in the chart that the prices touched the bottom of the channel in an uptrend will be purchasing items, and items where prices touched the top of the canal will be points of sales, these items can also be used points to a closing position.

Bearish Trend

In the case of a bearish trend we see in the chart where prices touch the upper part of the canal will be points of sales, and price points that touched the top of the canal will be points of purchase, these items also can be used as points of closing a position.

And one important thing that you should follow, not to go against the trend, but follows the trend set.

Trendlines

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First of all we must clarify that there are three types of trend upward in which prices rise, bassist in which prices fall, and horizontal or neutral in which prices vary horizontally within a range of prices.

The trend line is one of the things that are used in technical analysis. But if the trend lines are drawn correctly can be an accurate or at least provide us information about the trend. But it happens that most of the trader does not know how to draw them correctly.

In a quick explanation, as a basic uptrend trend line is drawn below the graph from the bottom (valley) which is also known to be a support. A bearish trend in the trend line is drawn above the graph from the maximum (peak of the mountain) which is known to be a resistance.

How to draw an uptrend?

In this graph we can see a trend in which he played 3 times the trend line are known as first down (1st Down), Second Down (2nd Down) and Third Down (3rd Down). But when prices touched a third time line Trends, we can say we have an established trend.

In turn you can draw a second or third trend following the main trend, ie the first.

How to draw a bearish trend?

As we see in the graphic in a graphic bearish trend line is drawn above trend in prices from a peak and when the graphic touches against the price trend. Points are known as First Ascent (1st Down) Second Ascent (2nd Up) Third Ascent (3rd Down). In this graphic we have 4 points. Remember that we only need two points to draw a trend line with 3 points and have a tendency confirmed trend.

When a trend has been broken?

It is not easy to determine who has broken a trend or a change in trend, but the trend lines help us to determine when a change in trend.

As we can see in the graphic prices have cut the line trend and prices have closed above the trend line. This indicates that there has been a trend change, and thus began a new trend. This is also known as Penetration of the Trend Line.

We have to say that when a penetration is a bearish trend, prices rise and cut the trend line, an upward trend the prices falls and cut on the trend line.

Supports and Resistances

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This is one of the key pieces of technical analysis, and is therefore one of the concepts that we must learn and understand. Any operator is needed to identify where those levels will be as its reference.

A level of support will be given a price level where it is possible that the demand for buying existing stem the decline of a given currency.

A resistance level will be a certain price is contrary to what level of support where the demand for premium on the sale of purchase.

In the graphic we can see how the media and a basic resistance. Iran normally forming ups and downs, after rising a drop may occur, so that increase will be considered a resistance level which prevailed in the interest of the buyer and seller prices slowed their rise and fall.

In the graphic can also see price levels that are valleys that point would be considered a lower bracket. At that point the interest has prevailed on the seller and buyer, therefore, the prices went up and stopped his fall.

This usually happens when operators decide to work with target prices, so many traders decided to buy a certain price and sell to another, making this such a way as to create support and resistance levels. And indeed it is a fairly common way to operate with levels of entry and exit.

The strength of a level of support or resistance depends on the time and volume that accumulates in that area, but also depends on the number of times you touch that level of contribution. The more times the price rebound in that particular level without breaking, as well as the larger the current time it appears, the more important that level. If that level to break the movement in prices can be more dramatic when considering operators who had broken a key level.

When this happens, that is when it breaks a support or resistance level of criticism, it often results in a sudden movement which followed a decline to around that level was broken, and then continue upward or downward. This decrease is known as the "pull back" and is considered as an opportunity to open or close a position.

A pull-back can occur when you have broken the trend line that has performed as a support level of the channel, but when it happens that the pull-back trend line behaves as a resistance level as we see in the picture.

Support and Resistance Levels

While in other places that really are numerically levels of support and resistance, these levels are not exact numbers. The exact numbers are thinking that can lead us to believe that a resistance or support may have been broken, when the reality may be that the market is proving that it is so strong support or resistance. In candlestick charts these checks can be viewed with the shadows of the candlesticks, a shade higher indicates that the market is hesitant to break this level.

Therefore the levels of support and resistance zones are rather not accurate levels. As we can see in the following chart.

As you can see, even though in the second peak, the resistance is broken, it falls again, and we also tried a break of support when this occurs indicates a hesitation in the market, when a single , tells us that the resistance is strong.

Let's see with an example:

In this pair USD/CHF, we see that there is a resistance in 1.2500, we see that we have marked several candles seem to be breaking the resistance, but we can see that these candles closed below the resistance that we mentioned, so we can deduce that when the operators have found that resistance was strong.

Therefore, we believe that support or resistance zones are specific and not a number, so avoid making unnecessary purchases thinking that has broken support or resistance. We can establish such zones support and resistance using a linear plot.

Introduction: Supports and Resistances

2010-04-09T18:21:00.001-07:00

In this section we are going to introduce you on technical analysis, as we said in another section is necessary to determine when to enter into a transaction for which we have to look at certain references. These references are known as "Support and Resistance", the operator is always looking for these references to check a particular point or level, as now called, has been broken or not.

When we see a level that has been broken we can determine that it is a good time to buy or sell, if it has not been broken, indicates that support or resistance is strong.

But we have commented that we must always follow the trend, the question is, how we determined the trend?. But the trend is determined using trend lines no matter what is a trend.

Using the trend lines we will be able to trace where the channel will move prices, we are useful to identify points of entry and points of sale, using the trend lines of minimum and maximum.

The trend lines of the channel as well as allow us to work at different periods, as we want to operate in the short, medium or long term. Taking into account time scale on which we work.

The channels will allow us to determine what kind of trend we are bullish, or bearish side. So that we can also follow the trend as one of our principles is not to operate against trend.

No matter where we are always find trend Stands and reference resistors, which are basic to operate. But the points of sale or purchase can be changed depending on the trend that is one.

Using these channels, we will be possible to determine if a trend has changed or is likely to change. It is essential therefore to draw trend lines as far as possible in order to determine whether there has been a change in trend or not. It is possible that this principle will be difficult to understand but this practice will be very useful.

Therefore in this section we will focus on three technical concepts that will be crucial to conduct a technical analysis. Advancing a little we can say that there are ways to operate based solely on the supports and resistances that we will see in a more advanced lesson.

Dow Theory

2010-04-09T18:20:00.001-07:00

Charles H. Dow, in 1884 created two averages or sectorial indices for stock-market of New York, one called Dow Industrial Jones Average (Index of Industrial Sector or DJIA) and Dow Jones Transport Average (Index of the Sector Transports or DJTA).

This way Dow tried to establish an indicator of the economic activity, using for it an average of the evolution of certain sectors in the stock market.

Dow thought that the rise of economic activity implied a greater industrial production, than when increasing its benefits the companies would see increased the demand of its stocks and therefore the quotation of these companies would raise.

As a result, this would affect the rest of the sectors, whose businesses would benefit and consequently the price of its shares rise. Based on these indexes, Charles Dow formulate his theory that today is the base of modern technical analysis and therefore of the chartism (analytical study of the evolutionary graphs of the price of a particular company).

The basic principles of the Dow theory are:

1. - The averages emphasize everything

As we said Dow created two averages, and therefore any event side affected in the quotations, the news, data, and inclusively misfortunes or wars. Leaving to us a clear tendency of the market.

2. - The markets move in tendencies

Every market has a tendency, with these three types, primary, secondary or tertiary.

Primary Trend: This trend usually lasts more than a year, and movements are extensive and constant.

Secondary Trend: This trend can last months, but fluctuations of this trend is included in the Primary Trend. Any corrections that might have might be of the 1/3 or 2/3 of the previous section and are usually 50%

Tertiary or Minor Trend: There are variations within the Secondary Trend.

3 .- Principle of Confirmation

The two averages would have to confirm a possible change of tendency, as much to the rise as to the loss. The movement in one of the averages does not confirm, in if, a change of effective tendency.

But ahead we can see how using two Moving Averages we can confirm a possible change.

4. - The volume moves with the Tendency

The movements in favor of the trend always will be accompanied by an volume greater than the potential correction.

If we are in a bull market phase, the volume will be increased by uploading, and lessen the descents. If we are in a bearish market phase, the volume went up in the fall and decline in raises.

5. - The tendency will be effective while there is not a change confirmation.

This is intended to avoid premature exits of a trend. A trend will continue effective if there is no change in the averages. This gives good advice "Leave run gains, avoiding losses."

A lateral trend or a possible correction does not indicate a change in trend.

6 .- The trends have three phases

Phases of a Bullish Trend

Phase of Accumulation: This phase the investors who think that an economic recovery is possible, enter the market aggressively considering that this has an raise potential. These investors who usually are better informed enter very aggressively when that currency does not have the attention of mass media. Even so, the feeling is of discourage and pessimistic therefore. The buying positions are accumulated by those investors better informed, until the demand presses making raise the quotation. These movements can be considered by the public in general like a bounce of the bearish tendency.

Phase of Tendency or Fundamental: : In this phase it is characterized by an improvement in the economic conditions, where the buys on the part of the traders are growing. In this phase many traders realize that it has happened a change in the main tendency and they enter progressively. The movements of this phase usually are ample.

Phase Distribution or Speculation: At this stage the economic conditions are usually very good. In this phase a large number of traders will incorporate to the market. Strong rises in the currency makes it appear in the media. Operators who have entered the first phase begin to sell their positions, as they believe that the currency has already gone too far in anticipation of a fall.

These are the phases of an uptrend.

Fases de una Tendencia Bajista

Fase de Distribución: Los operadores que han estado en la fase alcista desde la primera fase, se comienzan a deshacer de sus posiciones. En estos momentos las noticias son aun buenas y la corrección que ocurre es considerada por el público general menor o intermedia dentro de la tendencia alcista. En esta fase muchos operadores aun esperan por un fuerte movimiento alcista.

Fase de Pánico: En esta fase la fuerza de venta es muy superior a la compradora y las depreciaciones se acumulan, se suelen producir ventas de pánico.

Los operadores suelen vender fuertes posiciones al mercado, provocando una caída muy vertical en la cual muchos operadores pierden dinero. Después de esta fase suele producirse una corrección lateral o una recuperación en la tendencia bajista la cual suele ser mínima.

En esta fase suele haber un fuerte volumen en la bajada que suele ser inferior a los volúmenes que hubo en la fase alcista.

Fase de Desanimo o Tercera: En esta fase las noticias sobre la divisa comienzan a empeorar o bien no influyen en los precios. Los operadores que se encuentran en esta fase suelen ser los operadores que aguantaron en la fase de Pánico o bien aquellos que compraron considerando que los precios se encontraban bajos.

Los medios de comunicación dejan de prestar atención a dicha divisa y las caídas se van haciendo más suaves.

Estas son las fases en una tendencia bajista.

Technical Analysis

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Technical Analysis

In a technical analysis you look at the price and volume data to be able to predict wich movements may have in the future. The basis for a technical analysis gave the Charles H. Dow, whose methods were based on the behavior of investors, in psychology and in the movements of prices. When an analysis is made based on the movement of prices will be doing a technical analysis.

As you can see in the charts that are not more than a compilation of the movements in the market price of a particular currency, the beginning of a technical analysis is that any market moves in trends and in the statements of encouragement of traders.

Therefore all the information necessary to conduct a technical analysis is in the chart of a particular currency.

The analysis of the trend is necessary for trading in Forex, since in Forex you can gain in a bull market and a bear market, as we buy currency to buy and sell the other. The trend lines are simple reference that will be useful to confirm the direction of the trend of a currency.

The advantage of technical analysis is that all the factors that affects the prices of currency, such as rational or irrational (economic data, hopes, feelings are expressed in a single element that represents the agreement between buyers and sellers in a given time. This element is the quotation, which synthesizes the future expectations and estimates that investors may receive for each currency, and that determines the price.

With a technical analysis we can detect when a trend is about to change, or can continue, as well as we can have the areas that can serve to us like reference for an operation.

But as we said it is necessary to operate with coldness and discipline not being left itself to take by possible prefeelings, euphoria, or discouragement and should not be carried away by the atmosphere.

n order to make an analysis technical we will be based first on the tendency, that can be primary, secondary or tertiary. So that the primary tendency can last years, secondary the months and the tertiary are variations within the secondary tendency.

It will use indicators and patterns, where indicators are mathematical operations on the range of prices that exist in the chart, while the patterns are forms that are often repeated over time.

The second important point is a technical analysis is the resistance and support, since there are levels that remain constant over time and that are difficult to break upwards (resistance) or can to break down (support).

There are resistance or supports difficult to break since the own traders determine if it is good for breaking them or no. But when a rupture of a support or a resistance takes place the prices tend to go towards the following level of support or resistance.

But there can be false breaks in a given level and this is because the traders are not attracted to break this level.

All that what we find in the charts that the broker gives us, such graphics like we will explain in the next section can be displayed in different ways.

Fundamental Analysis

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Fundamental Analysis

A fundamental analysis usually is centered in financial and economic data, but also it influences in this analysis the possible political decisions, in this way the trader can make an idea of how hard can be the offer and the demand of this currency.

The fundamental analysis includes the revision of macroeconomic indicators, the stock markets and the political decisions (these decisions influence in the confidence in the governments and the climate of stability of the countries). The greater confidence in a government, together with good greater macroeconomic indicators, the trader will invest with greater confidence.

In order to make an analysis fundamental the macroeconomic indicators to consider are rates of growth, the Gross Domestic Product, types of interest, the existing inflation in the country, the monetary mass, the foreign currency reserves and the productivity.

Sometimes the governments through the Central banks try to influence in the Market with the purpose of avoiding that the currencies do not separate from a certain level stops of this form to avoid imbalances. These interventions usually have a remarkable impact, but these interventions usually are temporary.

To avoid imbalances, a central bank could enter the currency market as an investor, buying or selling a currency against another. Even several central banks might intervene in the market.

The operators consider the expectations on the possible evolution of a currency, or several, the macroeconomic factors, the news on a determined currency, or the possible events that can happen in the country of a currency which would influence in the quotation of this currency.

Therefore the traders look for in those macroeconomic variables to be able this way to the future predict behavior of the currency.

To that end, the governments published frequency with the evolution of these macroeconomic variables, so that the trader can see the previous situation of that variable economic, the forecast, and the government realeased.

When the emitted variable does not agree with the forecast usually produce abrupt movements in the market that will give great benefits to the trader.

Among the variables released are several which are important in a primary analysis.

Growth of Economy.

It is usually publish quarterly figure growth of Gross Domestic Product (GDP). This variable is important because it will tell us how this evolving economy of the country.

When we see a GDP of a country is growing, we indicate that there is movement of capital which shows higher consumption and savings. Companies that are encouraged by that consumption and investment that can be made.

But in the case of excessive growth would lead to inflaccionary tensions therefore in raise of interests on the part of the central banks.

At first, a higher GDP of the forecast would push the quotation of the currency from the country to the rise, whereas a lower GDP would harm the quotation of the currency to drop.

Price developments: Inflation

The appreciation or depreciation of a currency against another is usually neutralizad by the change in the differential in interest rates. Those currencies with higher interest rates are often seen due to the possible containment of inflation and higher profitability that offer these currencies.

This variable is released monthly. A higher CPI than expected will push the exchange rate upward, while a lower CPI will push downward.

Unemployment

This is usually an indicator difficult to predict, but his weight is important and the impact that this has is immediately both in the income and consumption of families.

If the non-farm employment are greater than estimated, then the currency of the country go to the floor. But if the rate of unemployment is lower than that estimated that help an appreciation of the currency. The same would apply to the indicator "Earnings Hour”.

Trade Balance

The equilibrium point of a quote of a currency is when the country has a stable balance of payments.

In case the country presents a trade deficit then experienced a reduction of the currency reserves, causing in last instance a depreciation of the value of its currency.

It is necessary to consider that a cheap currency favors exports of the country but it increases in price the imports. Causing in mid term, a drop in imports and an increase in exports. Causing thus a stabilization in the Trade Balance and an appreciation of the currency.

Stock Market

Variables such as growth, inflation, unemployment and trade balance are not the only ones that can favor the appreciation or depreciation of a currency. Every day more the evolution of the currencies have a greater correlation with asset markets, especially the stocks.

When investors consider a country as a good place to invest, that market of stocks or assets will be boosted by the arrival of other currencies, making the value of the currency of that country will remain robust.

Therefore, when we see that the variables are positive, that will encourage an increase in the quotation of the currency, but if the variables are negative, this will indicate a decrease of the currency.

Types of Analysis

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So far we have seen some terms and concepts that are necessary to understand, but we have only touched the surface and it is necessary that you learn to make your own analysis.

At the time to operate, there are two types of analysis based on the form of interpretation.

• Fundamental Analysis
• Technical Analysis

Each type of analysis has its own characteristics mentioned, but there has been a controversy of which is better. Particularly think that the best thing is to use a mixture of both.

Fundamental Analysis

Fundamental analysis helps us to interpret the macroeconomic indicators and political decisions of every government. In this way the operator will provide an overview of the economic situation in a given country, and therefore affect the political decisions or economic currency.

Therefore the primary analysis examines the economic environment in general, the political situation and therefore the operator will have a perception of the world situation.

Fundamental analysis focuses on the "cause" and not the "effect", as the Tecnical Analysis does.

Technical Analysis

Technical analysis is used for the interpretation of a chart. This lets us see what is happening and react instantly.

Based on the interpretation of that chart where we see the prices and volumes operated past, we may determine to a certain level can get.

In a technical analysis, we can determine that trend moves a currency, as well as patterns will help us identify purchases or sales. Trends can be primary, secondary or tertiary, these trends we can see from the charts that can be annual, weekly or daily.

The objective of these tests is to know when to buy and when to sell. That is, determine our entry point, and our point of departure.

But as we said in section Basic Principles of the Trader, you must consider that you must always follow the trend, since when operating in the same direction of the have more chances to succeed if we operates against trend.

What Analysis use?

We going to make it clear, in that question, NONE, nothing helps us a Technical Analysis or Fundamental analysis, we need BOTH if we want to succeed in Forex.

Let's see what can happen if we use just one of them.

Suppose we buy thinking that we are going to get a high yield in a given currency, based on a technical analysis clear. But that optimism we had in the beginning is becoming pessimism that have already begun to leave data in that currency you purchased that are not favorable. And of course you will have finished with a huge loss that the only thing it caused to you is a great annoyance.

But Technical Analysis has no guilt, you have to have ignored the fundamental analysis. If you commit these mistakes, then you must not blame anyone but yourself.

Introduction: Types of Analysis

2010-04-09T18:09:00.001-07:00

Introduction

In this section we will we introduce in the existing types of analysis, since you have to present in mind that you will do the analysis, and for that we have to know what kind of types of analysis exist.

You decide what kind of analysis to use, considering that each type of analysis has its advantages and disadvantages. The particular advice that we do it is better to use a mixture of both.

In last sections we have place the example of a balance as a form to measure the economic health of a country against another country, but the measurement is done with respect to the macroeconomic data that release. Essentially a that serious Fundamental Analysis.

In the case of the pair EUR / USD, comparing macroeconomic data arising from the Euro against macroeconomic data from the United States.

We must make a comparison between the two types of analysis, since everyone has a purpose and an end. Each analysis focuses on various aspects we have to consider, because both analyses are influencing each other, and we can see the impact that an analysis can have over another.

As a preliminary step to introduce the technical analysis, we will have to explain the Dow Theory, as it is one of the bases of this analysis. Charles Dow founded in 1,882 company "Dow Jones and Company, a company that edited the Wall Street Journal.

The theory of Charles Dow was reconstructed by people that followed the interpretations that towards on the market during years 1901 and 1902. One of those people was W.P. Hamilton, who was the first publisher of the "Wall Street Journal", that between 1903 and 1929 systematize the ideas of Dow, publishing in 1922 a book about the Theory titled "The Stock Market Barometer"

That theory was booming in the years 1930, when the Wall Street Journal published editorials interpreting the evolution of the stock market based on the Dow Theory. On October 23, 1929, the Wall Street Journal publishes the famous editorial , Turn the Tide predicting - on the basis of Dow Theory - the big drop in the New York Stock Exchange.

This part will be important that you have in mind so that they can understand what we will discuss in the next section. Because in the next section we will be embarking on trends. Every trend has its phases, whether it is a bullish or whether it is a bearish.

But as we move forward we will letting us in more complex terrain, you need clear, the kinds of analysis exist, and what are the advantages of each.

Forex Concepts

2010-04-09T18:05:00.001-07:00

In this section we will review the concepts that have been explained so far, it is possible that as you have been reading the course you have forgotten any of the terms or concepts explained.

Major and Minor Currencies

The currencies most frequently operate are called major currencies that are in USD, EUR, JPY, GBP, CHF, CAD, NZD and AUD. All other foreign currencies are known as minors. We recommend you concentres operate in these currencies, USD, EUR, JPY, GBP and CHF since they are the ones that have more liquidity on the market. The minor currencies are greater words and are operated mainly by people expert.

Pair Format

It is used the following format to express exchange rates.

Base Currency / Quote Currency Bid(Sell)/Ask(Buy)

Base Currency

In the format of the first couple currency indicated on the left is the base currency. That gives us the value of that currency against the second currency in the form of the pair. An example of the USD / CAD in that the quotation is 1.1841, this indicates that 1 US dollars worth 1.1841 Canadian Dollars.

Quote Currency

In the format of the second pair currency indicated on the right is the quote currency. It is also known to the currency quoted as currency pip since any gain or loss that has been expressed in this currency.

Pip

A pip is the smallest unit price for any currency. Usually, all the pairs have 5 numbers, and most of them carry a comma after the first number. One example is the USD / CHF at 1.2472. That is a pip is the smallest change that has at the fourth decimal place, in example, 0.0001.

One exception is the pair USD / JPY where a pip equals 0.01

Crossing Currency

It is one in which neither currency is the dollar. These pairs have already erratic behaviour that the operator has conducted two orders USD. For example, when you begin a long (buy) in the EUR / GBP is equivalent to buy EUR / USD and sell GBP / USD. These pairs usually have a high transaction cost.

Bid(Sell)Price

The Bid (Sell) is the price at which the market is willing to buy a given currency on a pair. At this price the trader may sell the base currency.

For example, in the Par EUR / USD 1.3029/31, The Bid price will be 1.3029 it is meant to be sold by one euro 1.3029 dollars.

Ask(Buy)Price

The Ask (Buy) is the price at which the market is willing to sell a particular currency pair. At this price the trader can buy the base currency.

For example, the pair USD / CHF 1.2470/73, it means that you can buy a dollar for 1.2470 Swiss Francs.

Spread Bid/Ask(Sell/Buy)

The spread is the difference between the prices Bid (Sell) and Ask (Buy). Often brokers skipped placing all the numbers in Bid and Ask showing the full bid price and with the last two numbers the price of Ask. For example, GBP / USD will be 1.9668/1.9571, sometimes gets 1.9668/71. Although often saw only the two latest numbers 68/71.

Margin

When you open an account with a broker, you will have to deposit money that depending on the broker can range from 100 dollars up to $ 100,000.

When you open an operation, a certain percentage of your account will be established as margin required for the new operation based on the pair, the current price and the number of units (or lots) operated. The lot size is referring to the base currency.

Suppose you open an account Mini, with a 200:1 leverage or 0.5% margin. The Mini Accounts operate with mini lots. Now say that a mini lot is $ 10,000. If you were to open a mini lot, do not have to provide 10,000 margin, but they only need 50 US dollars (10,000 US dollars x 0.5% = $ 50)

Leverage

The leverage is the division between the amount of capital used in a transaction and the security deposit required (margin). This gives us the possibility of controlling large sums of money with a small amount. The leverages vary depending on the broker, and may range from 2:1 to 400:1.

Margin and Leverage

When operating currencies in margin this will give us greater buying power. For example if you have a $ 7,000 account 100:1 leverage, you can buy up to 700,000 dollars already have to place only 1% of the buy price as margin. This means that this will have a buying power of $ 700,000.

With greater buying power, the trader can increase profits from investments made, but much more cost-effective. But this can make you get more benefit or get greater losses.

Balance

It will be the capital which may have opened the account in a particular broker.

Equity

It would be the result of subtracting the balance more / less the result of the operations that are open. That would be the value that would account if you close all open positions to be taken at that time.

Usable Margin

It would be the subtraction result enters the Equity and Used Margin. The resulting quantity will be the capital that is not affected by the buys and will enable us to meet the margins that we need to maintain the positions we have opened.

Used Margin

When you open a position, the amount you start with that position is the margin you used.

Required Margin

It would be the amount that the broker provides to open a position.

Margin Call

One thing is dreaded by the traders enter in margin call, as this may cause the closure of a position or more. This usually happens when the broker notifies us that your margin deposit has fallen below the minimum margin required because a position has increased their losses.

We must understand one thing in Forex should establish a strategy of benefit to us but we must be careful with the inherent risks and one of them is this. You must understand how it works and of course the margin to be clear what is the margin that your broker provides.

If you have open positions, we assume that if, and enter margin call, the broker may close one or more position, it will depend on whether your margin falls below a predetermined level. Of course you will have no notice of broker before entering margin call (which is what all traders want us warned before enter in margin call).

You can avoid margin calls to see the account balance and set stop-loss, which will explain later, in each open position.

Forex Vs Futures

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Higher Volume = Best Liquidity

As we have said Forex is the market with more volume, which already operates daily 2 trillion dollars. This market can absorb the volume that daily operation. While the futures market operates approximately 30 billion dollars a day. But nothing compared to 2 trillion dollars.

That is why the futures market has a limited liquidity while the Forex market always has liquidity, which tells us that sales or purchases can be settled at any time or stop loss can jump without affecting the market in volatile markets market.

It must be said that Forex is 46 times bigger than all the combined Futures Markets.

24 Hour Market

Precisely this is a major disadvantage with regard to Forex Futures. The forex market is a market of 24 hours off, but the futures market is a market for 7 hours. Therefore Forex operators have the ability to react to news that arise elsewhere while Futures traders have to wait for the opening of the meeting.

*Forex VS Futures*
Advantage	Forex	Futures
24 Hour Market	YES	NO
No commision	YES	NO
Instant Execution	YES	NO
Leverage to 400:1	YES	NO
Known Price	YES	NO
Limited Risk	YES	NO

No Commisions

Transactions are no commissions. The Broker earns money of the spread that the broker provides. The intemediare is eliminated and that the transactions were made via online through the platform provided by the broker. Logically the broker assumes the spread, which is the difference between the bid / ask.

While in the Future is paid a certain commission to the broker.

Known Price, Instant Execution

In the forex transaction is the price that the trader see at the moment, order is executed instantaneously under normal market conditions.

On the countrary in Futures is not executed immediately. Sometimes the price does not reflect the current market price, but the price of the final purchase price will not be that which is necessarily buying.

Limited Risk Guarantee

In Forex, traders can limit their risk of losses. Forex The risk is minimized by the platform to automatically generate a margin call if the margin required exceeds the available capital in your account.

In Future losses are always a possibility, so that a position can be closed with losses and therefore may have a deficit in your account.

Forex Vs Stocks

2010-04-08T16:50:00.001-07:00

Forex Market 24 Hours

Like some supermarkets that are open 24 hours, Forex is a "supermarket" Currency open 24 hours a day. Forex opens in most of the brokers on Sunday at 3-5 pm EST until Friday at 4 pm EST (two hours of New York, it must be borne in mind that the opening and closing (Sunday) (Friday) may vary broker to broker). In this way the operator has the ability to operate in the sitting American, Asian, European, which gives the operator the advantage of being able to react to certain events or news to emerge, and gives the operator the opportunity to decide their schedules .

No Commision

Most of the brokers do not charge additional fees or commissions to buy or sell currencies both online and by telephone. Due to a fixed spread, consistent and transparent. The cost of the buy/sell in the forex market are much lower than any market, stock, futures, etc.

Orders Executed Instantly

In a normal market orders are executed instantly. The execution of orders at a given price in a normal market are done instantly. The operator performs the order at the price updated in real time. There is no difference between the price shown by the broker and the price at which the purchase order. There are special conditions in that market volatility is such that orders can be delayed but under normal conditions there are no such delays.

No Restrictions in Short-selling

Unlike the stock market, forex has no restrictions to open sell positions (short). In Forex there is a chance to buy or sell regardless if the market is bullish or bearish. Due to a Forex somebody always buy a currency and sell another at the same time, there is not a structural bias in the market. An operator can operate both as a market upward in a market on the downside.

Relations between Stock Market and Forex

The stock market serve as a key indicator for the forex market. Technology has facilitated the possibility of investing in other markets than the local market / country, and that no matter their geographical location. Therefore it has forged a relationship between the stock market and currency of the country: So if the stock market is upward, it increase the investment in dollars, but in a market on the downside, investors tend to sell shares of companies in the country leading to recover capital and invest in another country.

*Forex VS Stocks*
Advantage	Forex	Stocks
24 Hour Market	YES	NO
No Commision	YES	NO
Instant Execution	YES	NO
Short-selling	YES	NO

No Intermediaries

Stock Markets tend to be centralized have advantages for the operator. But a problem with is the need for an intermediary, so we need an intermediary between the stock market and the operator. However Forex intermediary does not exist and thus the operator may buy or sell in the foreign exchange market without physical intermediary that can buy or sell a particular pair at the time that the wish or thinks it is appropriate. In the absence of an intermediary, the operator gets higher profits at low costs.

The market is not controlled for buys or sells

The stock market is a market more susceptible to speculation based primarily on rumours of buying or selling by other companies. We can see that when a big company buying another X relatively smaller and the value of the company's share capital and rises in value. But the stock market is also likely when you think that a company has been making profits that investors tend to take profits by selling the shares.

The Analyst and Firms are less influenced.

As we have already said the stock market is more influenced by rumours of buying from one company to another. That's why sometimes the firms or analysts can give a purchase of a particular action when such action this fall based on rumors of a takeover of company X to company Y.

In the forex market, analysts analyze the forex market and are not influenced by rumours of purchase. This is a market that generates billions of dollars a day to banks and certainly is a need for global markets.

Four currencies against thousands of Shares.

In the forex market there are 4 key pairs while in the stock market there are thousands, just talking about the New York market and NASDAQ, the shares may reach 8000. So analyze 4 pairs keys is much easier to analyze thousands of shares. In Forex obviously there are a dozen pairs but the pairs more moved are 4 pairs.

Forecast Currencies, Friday 9 April 2010

2010-04-08T15:25:00.000-07:00

Free Signals Sign In

EUR-USD

Should hold at 1.3274 after which should go up to 1.3391 or 1.3420.

USD-CHF

Should fall 1.0722-1.0701 if 1.0758-1.0772 resist.

GBP-USD

Should hold at 1.5177 after which should go up to 1.5326 or 1.5373.

USD-JPY

Should go up to 93.83 after which should fall to 92.98 or 92.59.

USD-CAD

Should go up to 1.0063 or 1.0078. We can see the supports to 1.0020 or 0.9991.

NZD-USD

Should go up to 0.7134 after which should fall to 0.7028 or 0.6984.

AUD-USD

Should go up to 0.9349 after which should fall to 0.9244 or 0.9178.

EUR-JPY

Should go up to 126.00 after which should fall to 123.85 or 122.94.

EUR-CHF

It should fall to 1.4304 from 1.4354 or 1.4365.

EUR-GBP

Should fall 0.8741-0.8726 if 0.8755-0.8764 resist. After which should go up to 0.8764 or 0.8773.

EUR-CAD

Should hold at 1.3383 or 1.3356. After which should go up to 1.3496.

EUR-NZD

It should fall to 1.8869-1.8838. If it rise, should face 1.8869-1.8955. We should place the stop loss above 1.9018.

EUR-AUD

Should fall to 1.4367 or 1.4348 after which board should 1.4405-1.4424.

GBP-CHF

It should climb to 1.6400-1.6431. The entry points would be 1.6370 or 1.6352.

GBP-JPY

Should go up to 144.24 after which should fall to 141.49 or 140.31.

GBP-CAD

It should fall to 1.5259 from 1.5312-1.5342.

GBP-AUD

Should go up to 1.6494. We can see the supports to 1.6416 or 1.6394.

CAD-JPY

Should go up to 94.28 after which should fall to 92.39 or 91.61.

NZD-JPY

Should go up to 66.93 after which should fall to 65.41 or 64.78.

AUD-JPY

Should go up to 87.64 after which should fall to 86.02 or 85.31.

XAG-USD

Should go up to 18.15-18.22. The entry point would be 18.03

XAU-USD

If it is under 1152.26-1155.07 should fall to 1147.21 or 1144.97. If it rise above could see 1155.07 1159.56 above.

Yours,
Da-Pay.Com

——–
Legal disclaimer and risk disclosure

The bulletins of technical analysis published by Da-Pay.com are only offered for a reason or purpose informative. The informations contained whithin these bulletins are compiled from trustworthy sources of intelligence. They will not have in any case of being considered like an investment advice. Da-Pay.Com or any of their employees or representantives will be responsibles as far as exactitude, error, omision or use of any content of this report, or its puntuality. Da-Pay.Com does not assume any responsability by losses or gains that could generate the pursuit of the informations contained in this bulletin.

eToro Forex Trading

Pronosticos Divisas, Viernes 9 Abril 2010

2010-04-08T15:23:00.001-07:00

Señales gratis Registrate

EUR-USD

Debería de aguantar en 1.3274 después de lo cual debería de subir a 1.3391 o 1.3420.

USD-CHF

Debería de caer a 1.0722-1.0701 si 1.0758-1.0772 resisten.

GBP-USD

Debería de aguantar en 1.5177 después de lo cual debería de subir a 1.5326 o 1.5373.

USD-JPY

Debería de subir a 93.83 después de lo cual debería de caer a 92.98 o 92.59.

USD-CAD

Debería de subir a 1.0063 o 1.0078. Podemos ver los soportes en 1.0020 o 0.9991.

NZD-USD

Debería de subir a 0.7134 después de lo cual debería de caer a 0.7028 o 0.6984.

AUD-USD

Debería de subir a 0.9349 después de lo cual debería de caer a 0.9244 o 0.9178.

EUR-JPY

Debería de subir a 126.00 después de lo cual debería de caer a 123.85 o 122.94.

EUR-CHF

Debería de caer a 1.4304 desde 1.4354 o 1.4365.

EUR-GBP

Debería de caer a 0.8741-0.8726 si 0.8755-0.8764 resisten. Después de lo cual debería de subir a 0.8764 o 0.8773.

EUR-CAD

Debería de aguantar en 1.3383 o 1.3356. Después de lo cual debería de subir a 1.3496.

EUR-NZD

Debería de caer a 1.8869-1.8838. Si subiese, debería de enfrentar 1.8869-1.8955. Deberíamos de colocar el Stop loss por encima de 1.9018.

EUR-AUD

Debería de caer 1.4367 o 1.4348 después de lo cual debería de subir a 1.4405-1.4424.

GBP-CHF

Debería de subir a 1.6400-1.6431. Los puntos de entrada serian 1.6370 o 1.6352.

GBP-JPY

Debería de subir a 144.24 después de lo cual debería de caer a 141.49 o 140.31.

GBP-CAD

Debería de caer a 1.5259 desde 1.5312-1.5342 .

GBP-AUD

Debería de subir a 1.6494. Podemos ver los soportes en 1.6416 o 1.6394.

CAD-JPY

Debería de subir a 94.28 después de lo cual debería de caer a 92.39 o 91.61.

NZD-JPY

Debería de subir a 66.93 después de lo cual debería de caer a 65.41 o 64.78.

AUD-JPY

Debería de subir a 87.64 después de lo cual debería de caer a 86.02 o 85.31.

XAG-USD

Debería de subir a 18.15-18.22. El punto de entrada seria 18.03

XAU-USD

Si se encuentra por debajo de 1152.26-1155.07 debería de caer a 1147.21 o 1144.97. Si subiese por encima de 1155.07 podríamos verlo por encima de 1159.56.

Saludos,
Da-Pay.Com

——–

CLAUSULA DE NO RESPONSABILIDAD: Los boletines de análisis técnico de Da-Pay.Com únicamente brindados a título informativo. Las informaciones contenidas dentro de estos boletines son compiladas a partir de fuentes de información fiables. No deberán en ningún caso ser consideradas como un consejo de inversión. Da-Pay.Com ni ninguno de sus empleados o representantes serán responsables en cuanto a la exactitud, error, omisión o uso de cualquier contenido de este informe, o de su puntualidad o entereza. Da-Pay.Com no asume ninguna responsabilidad por las pérdidas o ganancias que pudiera generar el seguimiento de las informaciones contenidas en este boletín.

eToro Forex

The Brokers

2010-04-07T16:01:00.000-07:00

In order to execute buy or sell orders we will need a broker, but if we want to open an account in a broker we will have to know how reliable is said to broker.

What is a Broker?

A broker you can be an individual or company, which will provide us a service of bur and sell of currency orders depending on which the operator decides. These companies or people also are known like Commodity Brokers

These companies logically charge us to provide the service of buy/sell of currencies charging us a commission, this commission is the Spread.

Often the persons who works for the company is confused as a broker but the name will be "Registered Commodity Representative".

Regulatory Organizations

The Brokers is regulated by agencies and therefore it is important that you inquire in which agency is regulated your broker. Now, as already we said Forex is a “not regulated” market and by as much the regulation of those agencies they are considered "reactive", it is well to say, just after you had lost the money that you have place in the broker is when you will be able to do something.

In the United States, a broker it would have to be registered in Futures Comision Merchant (FCM), with Commodity Futures Trading Commissión CFTC)and of course with NFA (Nacional Futures Association). As much the NFA as the CFTC was created with the purpose of avoiding frauds, manipulation, as well as any other abusive practice.

If you wish to inform if a broker is registered in the CFTC (Commodity Futures Trading Commission), as well as to verify as it is history in the NFA of the broker that you are consulting you will be able to do calling to the 800-621-3570 or to go to website of NFA (Click Here), in the section Broker/Firm Information (Basic) which website is http://www.nfa.futures.org/basicnet/.

The NFA is one of the most prestigious regulatory agencies, their functions are essentially: Auditing and conducting surveillance of the members to enforce them, comply with the financial requirements of the NFA, to establish and enforce rules for the protection of customers, conduct as arbitrator of disputes regarding future, define acceptance or permanence of their partners.

The NFA is striving to educate investors to invest in Forex. To do so you can visit your page “What Investors need to Know”.

The NFA has developed a guide Forex Online Learning Program, which is an interactive program and self so that you learn how Forex, the risks of the trading Forex and the steps that would have to be followed before opening an account Forex . We must say that this programme of learning is free.

Another regulatory agency in the United States is the SEC (U.S. Securities and Exchage Commission).

There are other agencies, but not all agencies have the same regulatory standard, with some agencies more serious about conducting surveillance than others, then we give you a list of regulatory agencies:

Australia :
ASIC / Australian Securities & Investments Commission

Canada :
OSC / Ontario Securities Commission

Denmark :
DFSA / Finanstilsynet

Germany :
BAFIN / Bundesbank and German Financial Supervisory Authority

Japan :
FSA / Financial Services Agency, The Japanese Government

Switzerland :
GSCGI / Swiss Group of Independent Financial Advisors
Polyreg / PolyReg General Self-Regulatory Organisation
OAR-G / Organismes d'Autorėgulation
ARIF / Association Romande des Intermėdiaires Financiers
CFB / Swiss Federal Banking Commission
SFDF / Swiss Federal Banking Commission

United Kingdom :
FSA / Financial Services Authority UK

You should choose those brokers who are regulated, whose record is clean and are financially reliable. It will be better if you apart from the brokers that are not regulated.

Costumer Service

In any company, the customer service must be good so that they treat to you as they must treat to you. In the forex market, a market of 24 hours, this service is essential. So be sure you can contact them by phone, email, chat, IM, etc. ... And of course as companies pass on physical (department stores, shops, etc. ...) the quality vary from a signature to another firm, make sure that you first have a good quality of response, which indicates a good Customer Service.

Online Platforms

For an online broker can operate needs a platform, because without that platform operators could not do anything, so if you want to operate with that broker you will have to download the software that will provide the broker to operate. But it is best to try with several brokers before starting demo accounts, and thereby to see the options that are available and each broker familiar with the platform, until you decide which platform you are comfortable to operate.

You will have you consider some details of the platform broker, it is necessary for you to see real-time quotes, and that the execution of an order is instant, the broker must also show a summary of your account, your account balance with the losses or profits that you can have, the margin available, the margin used in open positions.

Platforms Types

Each broker may have different software, but there are two kinds of platforms, those that run on Java or website through which you have to download.

The Java Platforms that run on the Web do not need to be installed on your computer, allowing you to connect from any computer without having to download the necessary software. Many operators prefer this type of platform, considering them safer and more reliable since these platforms are not attacked by viruses or hacked.

Downloables Platforms need to be installed on your computer, letting you alone operate, if you want to operate from another computer will need to download the platform again. One of the weaknesses of these platforms is that your computer can be attacked with viruses or hacked. Another point to keep in mind is that these platforms need to be updated from time to time, hence the need to update software.

However, a broker deemed should be good to offer real-time quotes, as well as an instantaneous execution of a warrant.

Broker Policies

Each broker will establish their policies, which you should take into account whether you agree or not. Not all brokers have the same policy, so we are going to give you some general policies:

Currency Pairs Available: The broker must provide the 7 major currencies handled (USD, JPY, GBP, EUR, CAD, CHF and AUD).

Transaction Costs: Transaction costs are expressed in pips, the more low pips required by the broker, the operator will get a greater benefit.

Margin Required: How is the lowest margin required (this means greater leverage), the opportunity to reap greater profits and losses will be greater. The margin percentages vary from broker to broker, and may range from 0.25% and above. The low margin requirements are fantastic if your orders are good, but they are very bad if they are bad.

Size Minimum Required to Operate: Refers logically lot size required that varies from broker to broker may range from 1,000, from 10,000 to 100,000. A batch of 100,000 is a lot known as "Standard". A batch of 10,000 is a lot known as "Mini". A batch of 1,000 is a lot known as "Micro". Some brokers allow fractions of a lot, which allows you to establish what you want to buy.

Swap: As we explained in the swap is the difference of interests of base currency and the quote currency. The biggest difference is the interest of the currencies of the pair, the greater the Swap received or paid. It is also known to this as "Rollover" or "Overnight Interest."

Interest Rate: There are many brokers who pay interest on the margin available in the account. Interest rates may vary depending on the rates in the nation. For example, if you want to take a break when it comes to operate, money that take into account the margin of your keep on earning money. Some brokers do not allow you earn interest unless you have a margin requirement of at least 2%.

Trading Hours: Normally the brokers down his schedule that usually coincide between Sunday at 5 pm EST and Friday at 4 pm EST.

From all this, we have to conclude that is what we look for in a broker.

First, we look for a broker that this regulated by any agency, and stay away from those that are not regulated.

We look for a broker who has a small spread, because the smallest is spread the greater our benefit will be. But not everyone can open large accounts, which is why it is good to find a broker whose minimum is too low and will allow us to open an account with a minimum $ 250 Micro (We recommend it for $ 1000 or $ 1500).

As we said when looking for a broker, broker need that executes orders instantly, because sometimes time is very important, so you can not lose time.

Another point to keep in mind is that the broker has graphics and Technical Analysis tools, you need a broker that you enjoy good quality graphics.

It is also necessary to consider Leverage, as this is an important point. A good serious 100:1 leverage accounts for "Standard" ($ 100,000) and accounts for "Mini" 200:1 ($ 10,000).

Forecast Currencies, Thursday, 8 April 2010

2010-04-07T15:33:00.000-07:00

Free Signals Sign In

EUR-USD

It should climb 1.3343-1.3360 after which should fall to 1.3310, a rebound is possible to 1.3393.

USD-CHF

It should complete its rise in 1.0763. After which should fall to 1.0698 or 1.0656.

GBP-USD

Should go up to 1.5299 after which should fall to 1.5158 or 1.5075.

USD-JPY

It should not fall below 93.25-92.91. After which should go up to 93.81-94.03.

USD-CAD

Should go up to 1.0063. The entry points would be 1.0035 or 1.0020.

NZD-USD

This pair has a triangle pattern. Should go up to 0.7132 or 0.7168 if support located at 0.7064-0.7049 holds. We should place the stop loss below 0.7033.

AUD-USD

Should go up to 0.9283 or 0.9294. We can see the brackets to 0.9258 or 0.9245.

EUR-JPY

It should not fall below 123.55. Should go up to 125.65.

EUR-CHF

Should fall below 1.4300. We can see resistance at 1.4329 and 1.4334.

EUR-GBP

Should drop 0.8753-0.8731 below if 0.8775-0.8787. After which should go up to 0.8787 or 0.8799.

EUR-CAD

Should go up to 1.3499 after which should fall to 1.3366 or 1.3304.

EUR-NZD

It should fall to 1.8855-1.8796 after which should climb 1.8953-1.8992.

EUR-AUD

It should go up to the resistance 1.4398-1.4415 after which should fall to 1.4364, it is possible rebound 1.4448.

GBP-CHF

It should climb to 1.6375-1.6420 . The entry points would be 1.6330 or 1.6304.

GBP-JPY

It should fall to 142.04-141.43. If it rise, should meet 142.04-143.50. We should place the stop loss above 144.72.

GBP-CAD

Should stand in the 1.5185 support after which should go up to 1.5413 or 1.5487.

GBP-AUD

Should go up to 1.6502 after which should fall to 1.6367 or 1.6286.

CAD-JPY

It should not fall below 92.71-92.17. After which should go up to 93.54-93.84.

NZD-JPY

Should hold at 65.95 or 65.74. After which should rise to 66.81.

AUD-JPY

Should drop to 86.40 or 86.03. After which should rise to 87.02.

XAG-USD

It should complete its rise in 18.21-18.31. After that should drop below 17.98.

XAU-USD

This pair has a triangle pattern. Should go up to 1158.43 or 1157.68 if the support located at 1145.17 holds. There should be a pullback to 1145.17-1141.02.

Yours,
Da-Pay.Com

——–
Legal disclaimer and risk disclosure

The bulletins of technical analysis published by Da-Pay.com are only offered for a reason or purpose informative. The informations contained whithin these bulletins are compiled from trustworthy sources of intelligence. They will not have in any case of being considered like an investment advice. Da-Pay.Com or any of their employees or representantives will be responsibles as far as exactitude, error, omision or use of any content of this report, or its puntuality. Da-Pay.Com does not assume any responsability by losses or gains that could generate the pursuit of the informations contained in this bulletin.

eToro Forex Trading

Pronosticos Divisas, Jueves, 8 Abril 2010

2010-04-07T15:31:00.000-07:00

Señales gratis Registrate

EUR-USD

Debería de subir a 1.3343-1.3360 después de lo cual debería de caer a 1.3310, es posible un rebote a 1.3393.

USD-CHF

Debería de finalizar su subida en 1.0763. Después de lo cual debería de caer a 1.0698 o 1.0656.

GBP-USD

Debería de subir a 1.5299 después de lo cual debería de caer a 1.5158 o 1.5075.

USD-JPY

No debería de caer por debajo de 93.25-92.91. Después de lo cual debería de subir a 93.81-94.03.

USD-CAD

Debería de subir a 1.0063. Los puntos de entrada serian 1.0035 o 1.0020.

NZD-USD

Este par tiene un patrón de triangulo. Debería de subir a 0.7132 o 0.7168 si el soporte ubicado en 0.7064-0.7049 aguanta. Deberíamos de colocar el Stop loss por debajo de 0.7033.

AUD-USD

Debería de subir a 0.9283 o 0.9294. Podemos ver los soportes en 0.9258 o 0.9245.

EUR-JPY

No debería de caer por debajo de 123.55. Debería de subir a 125.65.

EUR-CHF

Debería de caer por debajo 1.4300. Podemos ver las resistencia en 1.4329 y 1.4334.

EUR-GBP

Debería de caer por debajo de 0.8753-0.8731 si 0.8775-0.8787. Después de lo cual debería de subir a 0.8787 o 0.8799.

EUR-CAD

Debería de subir a 1.3499 después de lo cual debería de caer a 1.3366 o 1.3304.

EUR-NZD

Debería de caer a 1.8855-1.8796 después de lo cual debería de subir a 1.8953-1.8992.

EUR-AUD

Debería de subir a la resistencia 1.4398-1.4415 después de lo cual debería de caer a 1.4364, es posible un rebote a 1.4448.

GBP-CHF

Debería de subir a 1.6375-1.6420. Los puntos de entrada serian 1.6330 o 1.6304.

GBP-JPY

Debería de caer a 142.04-141.43. Si subiese, debería de enfrentar 142.04-143.50. Deberíamos de colocar el Stop loss por encima de 144.72.

GBP-CAD

Debería de aguantar en el soporte 1.5185 después de lo cual debería de subir a 1.5413 o 1.5487.

GBP-AUD

Debería de subir a 1.6502 después de lo cual debería de caer a 1.6367 o 1.6286.

CAD-JPY

No debería de caer por debajo de 92.71-92.17. Después de lo cual debería de subir a 93.54-93.84.

NZD-JPY

Debería de aguantar en 65.95 o 65.74. Después de lo cual debería de subir a 66.81.

AUD-JPY

Debería de caer a 86.40 o 86.03. Después de lo cual debería de subir a 87.02.

XAG-USD

Debería de finalizar su subida en 18.21-18.31. Después de lo cual debería de caer por debajo de 17.98.

XAU-USD

Este par tiene un patrón de triangulo. Debería de subir a 1158.43 o 1157.68 si el soporte ubicado en 1145.17 aguanta. Debería de haber un pullback a 1145.17-1141.02.

Saludos,
Da-Pay.Com

——–

CLAUSULA DE NO RESPONSABILIDAD: Los boletines de análisis técnico de Da-Pay.Com únicamente brindados a título informativo. Las informaciones contenidas dentro de estos boletines son compiladas a partir de fuentes de información fiables. No deberán en ningún caso ser consideradas como un consejo de inversión. Da-Pay.Com ni ninguno de sus empleados o representantes serán responsables en cuanto a la exactitud, error, omisión o uso de cualquier contenido de este informe, o de su puntualidad o entereza. Da-Pay.Com no asume ninguna responsabilidad por las pérdidas o ganancias que pudiera generar el seguimiento de las informaciones contenidas en este boletín.

eToro Forex

Order Types

2010-04-07T13:45:00.000-07:00

When we bought we must execute a buy or sell order. Each broker it has its types of orders and it is possible that perhaps some order of which we will speak here you don´t find it in your broker and also is possible that your broker has more types of orders of which we explained here. The best thing than you can do is to consult with your broker for knowledge that types of orders it has. We are going to explain the types of orders that normally have almost all brokers.

Basic Order Types

There are types of orders that all brokers allows, that usually is used, but also exists other orders that so are not used.

Market Order: : It is an order to buy or to sell to the present price of the market of a certain currency. The market orders are instantaneous orders. If for example you wished to buy the USD/CAD in 1.1852, single you will have to do click in buy and to establish the amount of lots that you wish to buy and the order was executed right away.

Limit Order: This order is a conditional buy or sell order to a certain price. It has two forms this order, Buy Limit and Sell Limit.

Buy Limit: In this case the present price of the market is greater of the price than we will put of purchase. This order is used when we have the security of which the price will fall until a certain point, and later will raise.

Example:

The present price of the USD/CHF is 1,2473 and we suppose that it will fall to 1.2403. Then we will put an buy order (buy limit) with the price of 1,2403 with a taking of benefits to 1.2443. If the even loss to that limit will open the position if the order that we have opened raises 1,2443, we will have gained 40 pips.

Sell Limit: In this case the present price of the currency is inferior that the buy price. This order is used when we hoped that the price raises until a certain point and later it will fall.

In both cases the price was specified to which it is wanted to buy or sell as well as how long we want ot keep this operation active (GTC Or GFD).

Example:

The present price of the USD/CHF is of 1,2302 and thought that it will raise 1,2372 and thought that it will fall up to 1.2322. Then we will put a sell order (sell limit) with the price of 1,2372 with a taking of benefits to 1.2302. If the pair raises that it limits will open the position if the order that we have opened falls to 1,2322, we will have gained 50 pips.

Stop Order: This order is a conditional buy or sell order to a determined price. Like Limit Order has two variables, that are the price to which it is wanted to buy and the duration. And also it has two forms of Order, Buy Stop and Sell Stop.

Buy Stop: In this case the present price of the market is minor that the buy price we placed in the order. Buy Stop is used when we have certainty that when the price arrives at a certain point, the price will continue raising.

Example:

The present price of the USD/CHF is of 1,2350 and we thought that it will fall to 1,2312 for a raise to 1.2362. We will put an buy order (buy stop) with the price of 1,2312 with the taking of benefits to 1.2362. If the even loss to that limit will open the position if the order that we have opened raises 1,2362, we will have gained 50 pips.

Sell Stop: In this case the present price of the market is greater than the sell price we placed in the order. Sell Stop is used when we have the security of which when the price arrives at certain point, the price continued falling.

Example:

The present price of the USD/CHF is of 1,2412 and we thought that that currency will make a backward movement to return to fall. Then we will establish an sell order (sell stop) to 1,2382 for a taking of benefits to 1.2342. If the low price to 1,2382 then will open the position if the order that we have opened it falls to 1,2342 we will have gained 1.2342.

Order with Stop-Loss : They are those operations in which we will place a price of exit to prevent that there is greater lost, in case the price which we have place like objective, has not been reached. The order will stay open until that position is closed or so it has touched target, closing itself with benefits, or so that the order has arrived at the price established in the Stop-Loss.

Let suppose that we opened a buy position in the USD/CHF at the cost of the market of 1,2473, and establish the Stop-Loss in price 1.2443. But instead of raising the USD/CHF, the price falls to the Stop-Loss that we have established in 1.2443, then the position was closed automatically and will be lost 30 pips. This order is good for using it if we are not going to be in front of the computer.

Let see a charts of the orders Buy Limit, Sell Limit, Buy Stop and Sell Stop.

GTC – Good’Til Canceled: Order GTC will stay activates in the market until you decide to cancel it. Also you must consider that this order can be closed or by target which you have put or by the Stop-Loss. But never broker cancelled this order in no moment, so it remembers that you have an active order.

GFD – Good for the day: Order GFD will stay activates in the market until the session of that day finalizes. Ten in account that the session usually closes to the 5 P.M. EST that is the hour to which it closes the American market, but is many brokers that close the session to another hour so we advised to you to consult to that hour closes the session broker whereupon you work.

OCO – Order Cancels Order: Order OCO is an order that are a mixture of two orders Limit and /or Stop-Loss. Those two you order with prices and you order variables are placed by above and under the present price. When one of those two orders is executed another one is closed automatically.

Let us see an example of an order OCO, in which we decided to operate with the USD/CAD, being its present price of 1,1852, and your you want to buy to 1,1907 since the USD/CAD can there break down the resistance, or to sell if the price falls to 1.1797. In case one of the two is opened you order, the other will be closed automatically.

As we already said to the beginning the best thing is than you consult to your broker to see that types of you order. In case that you hold a position opened by more of a day, broker it applied the Swap that already we have explained to you.

Basic Principles of a Trader

2010-04-07T13:15:00.001-07:00

We are going to mention some basic principles that the trader must follow in this market if he wants to have success, in opposite case, it is very probable that the trader loses money.

Here there are some principles to follow:

• Think Fast: Sometimes you need to adapt yourself to the market as it can change very quickly. If the direction or trend is reversing , you need to be able to adapt. Your skills should be utilized to finding an entry in the new direction . And important thing to remember is that you must never marry any position.

• Be Disciplined: : Follow your plan, strategy, or system and be faithful to yourself. Trading not only consist to buying or selling a currency, it also consist to have a reason for wich to hold that position. Having a predetermined stop loss and profit limit are a part of the trading plan. Your discipline in following your plan will enable you to survive during times of volatility or when the market is simply difficult to predict.

• Follow the Trend: Ideally , we all want to Buy Low and Sell High or Sell High and Buy Low. If you know the trend, then follow it.

• Do not place Stoplosses too close: Use your time to identify your entry points. It is important to be patient and give the market room to move in your direction. Define your limits of losses very carefully.

• Understand your risk tolerance: It is important to define prior to taking a position what you are willing to lose. Avoid moving your stop loss while you are in a position. This may work on some occasions but it will cost you dearly when it does not work out. Trade your plan and be disciplined.

• Accept losses, they are part of the bussiness: Prepare yourself mentally and emotionally for this losses. It is important to take time to recover and to clear your mind if you are going through a rough period. Remember, the market is your friend, not your enemy. Avoid fighting with the market.

• Buy in bullish markets ("Bull") and sell in bears("Bear"): Many investors dont follow this rule and sometimes operate against the trend. This causes psychological imbalances resulting in losses.

• Follow the trend, not your obsessions: If the trend is not clear, or in a range without definition, focus on searching for a well-defined trend.

• Resist the urge to operate against the trend: The trend is your friend until it changes. When it changes and your analysis confirms it, trade with the new trend.

• Never add to a losing position: This is the perfect way to lose. Look to follow the market and to enter winning positions to take advantage of a rest the market.

• Exit your positions when the trend shows signs of changing: When your analysis shows that the current move has runs its course, pay attention to these signs and be prepared to exit a position with a profit.

• Keep your technical analysis simple: Follow support and resistance, Fibonacci retracements and reversal patterns. There is always more to learn so keep studying to maintain your edge.

• Be honest: Recognize when you have made a mistake and learn from your errors. The market does not compensate arrogant intellectuals. Even Though it is important to maintain your point of view, in the end, the market is always right.

China hints that could allow yuan appreciation

2010-04-07T12:59:00.000-07:00

BEIJING (Reuters) - China will keep the yuan basically stable at the time but exporters warned over potential risks in order to minimize their losses, said a powerful central planning agency in a statement reported Wednesday.

The National Development and Reform Commission gave no further details on risks related to, but the wording of the text hints that China would be willing to resume the yuan's appreciation after hold it in place since mid-2008 to protect its exporters.

In another sign that Beijing may be approaching a consensus on the appreciation of its currency, the central bank set the yuan's daily average, its key benchmark rate at 6.8259 against the dollar, its highest since May last year, but even within the narrow range of the past 20 months.

"We should keep the yuan stable at a reasonable and balanced level, while strengthening the monitoring and analysis and make timely announcements on risks to reduce losses of exporters," said the agency, widely quoted as saying by the official China Securities Journal publication.

The agency has a preponderance over almost any other government agency, including the central bank, in the process of making decisions on the currency.

After a series of "stress tests" to examine how exporters would deal with an appreciation, your comments are a strong indication that the Government wants to warn firms to prepare for a stronger currency could erode their margins weak gain.

The speculation that Beijing might allow the yuan begins to appreciate in the coming months has been revived after the currency tensions between China and the United States appeared to soften in recent days.

The U.S. Treasury secretary, Timothy Geithner, said over the weekend that would postpone a report that was going to release on April 15 on whether China manipulates its currency, on the eve of a visit by Chinese President Hu Jintao.

Deputy Minister of Foreign Affairs of China, Cui, declined to say whether the two countries will discuss the yuan in Washington, where Hu will attend a nuclear safety summit on 12 and 13 April.

Cui said the United States and China had "different views" on financial and economic issues, but they shared "broad common interests." He added there would be "an in-depth exchange of views on a wide range of issues."

The White House said on Tuesday that President Barack Obama would raise the issue of the yuan to Hu on sidelines of the summit.

The yuan rose slightly on Wednesday in the spot market, reaching 6.825 against the dollar, its highest in 2010.

(Additional reporting by Kevin Yao, written by Simon Rabinovitch; edited by Hernan Garcia in Spanish)

China da indicios de que podría permitir apreciación del yuan

2010-04-07T12:58:00.000-07:00

PEKIN (Reuters) - China mantendrá básicamente estable al yuan al tiempo pero alertó a los exportadores respecto a potenciales riesgos con el objetivo de que minimicen sus pérdidas, dijo una poderosa agencia de planeación central en un comunicado reportado el miércoles.

La Comisión Nacional de Desarrollo y Reforma no dio mayores detalles sobre a que riesgos se refería, pero la redacción del texto da indicios de que China estaría dispuesta a reanudar la apreciación del yuan tras mantenerlo fijo desde mediados del 2008 para proteger a sus exportadores.

En otra señal de que Pekín podría estar acercándose a un consenso sobre la apreciación de su moneda, el banco central fijó el promedio diario del yuan, su tasa referencial clave, en 6,8259 frente al dólar, su máximo desde mayo del año pasado, aunque aún dentro del rango reducido de los últimos 20 meses.

"Deberíamos mantener el yuan estable a un nivel equilibrado y razonable, mientras fortalecemos el análisis y la vigilancia y hacemos anuncios oportunos sobre riesgos para reducir las pérdidas de los exportadores" dijo la agencia, según una cita difundida por la publicación oficial China Securities Journal.

La agencia tiene una preponderancia por sobre casi cualquier otra agencia gubernamental, incluido el banco central, en el proceso de toma de decisiones sobre la moneda.

Luego de una serie de "pruebas de tensión" para examinar cómo los exportadores lidiarían con una apreciación, sus comentarios son un sólido indicio de que el Gobierno quiere advertir a las firmas que se preparen para una divisa más fuerte que podría erosionar sus débiles márgenes de ganancia.

La especulación sobre que Pekín podría permitir que el yuan comience a apreciarse en los próximos meses se ha avivado luego de que las tensiones por la moneda entre China y Estados Unidos parecieron suavizarse en los últimos días.

El secretario del Tesoro estadounidense, Timothy Geithner, dijo durante el fin de semana que aplazaría un reporte que se iba a dar a conocer el 15 de abril respecto a si China manipula su divisa, en vísperas de una visita del presidente chino, Hu Jintao.

El viceministro de Relaciones Exteriores de China, Cui Tiankai, declinó asegurar si ambos países discutirán sobre el yuan en Washington, donde Hu asistirá a una cumbre de seguridad nuclear el 12 y el 13 de abril.

Cui dijo que Estados Unidos y China tenían "diferentes visiones" sobre temas financieros y económicos, pero que compartían "amplios intereses comunes". El funcionario agregó que habría "un intercambio en profundidad de puntos de vista sobre una amplia variedad de temas".

La Casa Blanca dijo el martes que el presidente Barack Obama plantearía el tema del yuan a Hu en las actividades secundarias de la cumbre.

El yuan trepó levemente el miércoles en el mercado al contado, alcanzando 6,825 contra el dólar, su máximo en el 2010.

(Reporte adicional de Kevin Yao, escrito por Simon Rabinovitch; editado en español por Hernán García)

Leverage and Margin Call

2010-04-06T16:48:00.000-07:00

Leverage

When we open an account with a broker we will have to consider the leverage that we will use since depending on the leverage that we use we will be risking more or less.

A good form to explain the leverage is like when we bought a house, giving an enlistment to buy this house and paying the rest by means of a mortgage.

Then in Forex it is the same, in this case the bank will be the broker, or moneylender, who will face the amount of 100,000 dollars (1 lot), you will have to deposit 1,000 dollars to the broker.

However, each broker it has different types from leverage, so your you will be able to choose that leverage to use.

By general, broker needs a minimum size of account, this is known as initial margin or margin account. When you have made the deposit to the broker will allow you to operate.

However, each broker it can have several types of lots or a minimum specific lot to operate by open position.

In the case of wanting to operate 100,000, that is to say ,1 lot, you are going to need to have in account 1,000 dollars. The leverage usually is expressed of following form 100:1.

Therefore, whichever greater it is your account, greater will be the amount with which you can operate. In case it has 7,000 dollars that would allow you to operate up to 700,000 dollars.

As we already said the leverage is expressed of following form 100:1. However, some brokers represent in form of leverage and others in form of percentage of margin.

The relation between both terms is the following:

Leverage = 100 / Percentage of Margin

Percentage of Margin = 100 / Leverage

So that we will be able to see leverages of 50:1, 400:1, 100:1 or 200:1.

Margin Call

Before we start to explain what is the Margin Call, we have explicarte other concepts.

At the time you open your account in a broker you will see that you have the following sections in your desk.

Balance: It will be the capital with which you will have opened the account.

Equity: It will be the result sum/reduce the balance more/less the result of the operations that are open. That will be the value that would have the account in case that all the positions are closed that we have opened in that moment.

Usable Margin: It will be the result of the subtraction between the Equity and the Used Margin. The resulting amount will be the capital that is not affected by the purchases and they will allow us to cover the margins that we need to hold the positions that we have open.

Used Margin:opening a position, the amount whereupon you open that position will be the margin that you have used.

Required Margin:It will be the amount that broker establishes to open a position.

Margin call usually happens when the Equity falls below the Usable Margin, then broker closed all the positions that you have open or some of the positions. In this way broker avoids that your account has a negative balance.

Margin call can happen by several reasons, not use Stop loss, excessive Stop Loss, or Buys/Sell very dangerous, and in case that the market is in a period of the high volatileness or by unexpected movements of the market due to some news that has released.

We are going to suppose that you open an account with 8,000 dollars and you buy a lot of USD/CAD of 4,000 dollars. The margin that you will be able to use (usable margin) is the money that you must available to open new positions or to be able to hold the loss of those positions that you have open. The usable margin when you opened the account was 8,000 dollars but because you open a position of 4,000 dollars, the usable margin is 4,000 dollars. Your used margin will be of 4,000 dollars.

In case that the Equity is equal or inferior to your usable margin, your account will enter in Margin Call.

Let us suppose that openings an account with 10,000 dollars, and purchases a lot of 3,000 dollars of the USD/CAD. The usable margin is the money that you must available to open new positions, or to hold the losses that you have. So that you opened an acount with 10,000 dollars, and the usable margin at the time of opening the account was of 10,000 dollars. Because you bought 3,000 dollars, your usable margin will be of 7,000 dollars, and your used margin will be of 3.000. If your usable margin is equal or below 7,000 dollars, your account will enter in Margin Call.

In case your Equity falls below your usable margin, then you entered in Margin Call.

So you will need to understand what it is the Equity, the usable margin, and the used margin.

Before you enter Margin Call you must deposit in your account but money or you will enter in Margin Call, your Equity will fall below your usable margin, because you will be losing. In case you have not deposited, broker closed the positions that you have open or a position, and in this way the broker will limit his risk as much as your risk.

In order to avoid that it happens a Margin Call you will have to control your risk, using a minimum percentage of your account that we recommended that it can be 1%, 2% either 3%, so that thus you controlled better the losses than you can have, and in addition you will have a usable margin more ample.

Euro falls on fears over debt of Greece, dollar advances

2010-04-06T16:43:00.000-07:00

NEW YORK (Reuters) - The euro fell across the board on Tuesday after reports that suggest that Greece intends to introduce amendments to an agreement of financial support from the European Union, which revived fears about the deficit problems in Athens.

Media reports said that Greece wanted to amend the agreement last month to avoid the contribution of the International Monetary Fund, and that Greek banks were seeing hard hit by the crisis, and that large depositors were transferring their money abroad.

A wave of euro selling pushed the dollar, which has also been supported by recent strong economic data from the U.S. and the growing expectations the Federal Reserve might tighten monetary policy sooner rather than later.

"The situation in Greece is a burden on the euro. The fact that the differential (Greek debt) (...) have been expanded by the news, raising questions about the ability of Athens to refinance" their liabilities, said Fergal Smith, Canadian market strategist at Action Economics in Toronto.

Although Greece denied that it intends to amend the agreement between the EU and the IMF, his denial failed to allay concerns of investors, which led to the spread between Greek 10-year bond and Germany's benchmark to a new high in the history of the euro area, by about 400 basis points.

However, the dollar fell from its advance against the euro after the release of the minutes of the last monthly meeting of the Federal Reserve suggested that interest rates in the United States would remain low for quite some time.

On the evening of New York, the euro fell 0.6 percent to $ 1.3402 after touching $ 1.3357, its lowest level in more than a week, according to Reuters data. The euro also fell 1.2 percent against the yen at 125.66 points.

"The downward trend of the euro remains intact, based on the deterioration of the achievement gap and uncertainty about the fiscal situation of Greece," said Ashraf Laidi, market strategist at CMC Markets in London.

The Australian dollar rose to $ 0.9288, its highest level since January, after Australia's central bank raised its interest rate by 25 basis points to 4.25 percent.

This helped boost the Canadian dollar, which broke the parity level against the U.S. dollar for the first time since July 2008, climbing to 0.9999 units.

(Additional reporting by Naomi Tajitsu in London)

Euro cae por temores sobre deuda de Grecia, dólar avanza

2010-04-06T16:42:00.001-07:00

NUEVA YORK (Reuters) - El euro cayó a nivel general el martes tras reportes que apuntan a que Grecia pretende introducir modificaciones a un acuerdo de ayuda financiera de la Unión Europea, lo que reavivó los temores a los problemas de déficit de Atenas.

Informes de prensa señalaron que Grecia quería enmendar el acuerdo de mes pasado para evitar la contribución del Fondo Monetario Internacional, y que los bancos griegos se estaban viendo duramente afectados por la crisis, ya que los grandes ahorristas estaban trasladando su dinero al extranjero.

Una ola de ventas de euros impulsó al dólar, que también ha sido respaldado por recientes datos económicos sólidos de Estados Unidos y las crecientes expectativas de que la Reserva Federal pueda endurecer su política monetaria más temprano que tarde.

"La situación de Grecia es una carga sobre el euro. El hecho de que los diferenciales (de la deuda griega) se hayan ampliado (...) por las noticias, plantean interrogantes sobre la capacidad de Atenas de refinanciar" sus pasivos, dijo Fergal Smith, estratega de mercado de Canadá at Action Economics en Toronto.

Aunque Grecia negó que pretenda modificar el acuerdo entre la UE y el FMI, su desmentido no logró ahuyentar los temores de los inversionistas, que llevaron al diferencial entre el bono griego a 10 años y el referencial de Alemania a un nuevo máximo en la historia de la zona euro, por sobre los 400 puntos básicos.

No obstante, el dólar redujo parte de su avance frente al euro después de que la publicación de las minutas del último encuentro mensual de la Reserva Federal sugirió que las tasas de interés en Estados Unidos se mantendrían bajas por bastante tiempo más.

En la tarde de Nueva York, el euro cayó un 0,6 por ciento a 1,3402 dólares, tras tocar los 1,3357 dólares, su menor nivel en más de una semana, según datos de Reuters. La moneda europea también bajó un 1,2 por ciento frente al yen, a 125,66 unidades.

"La tendencia a la baja del euro se mantiene intacta, basada en el deterioro de la brecha de rendimiento y la incertidumbre sobre la situación fiscal de Grecia", dijo Ashraf Laidi, estratega de mercado de CMC Markets en Londres.

El dólar australiano subió a 0,9288 dólares, su mejor nivel desde enero, después de que el banco central de Australia elevara su tasa de interés en 25 puntos básicos al 4,25 por ciento.

Esto ayudó a impulsar al dólar canadiense, que quebró el nivel paritario frente al dólar estadounidense por primera vez desde julio del 2008, al trepar a 0,9999 unidades.

(Reporte adicional de Naomi Tajitsu en Londres)

Forecast Currencies, Wednesday 7 April 2010

2010-04-06T15:15:00.000-07:00

Free Signals Sign In

EUR-USD

Should drop to 1.3377-1.3337 after which should fall 1.3448-1.3479.

USD-CHF

It should complete its rise in 1.0736. After which should fall to 1.0628 or 1.0567.

GBP-USD

It should climb to 1.5287-1.5339 after which should fall to 1.51671.

USD-JPY

Should go up to 94.23 if 93.51-93.23 slows its fall. We should place the stop loss below 92.79.

USD-CAD

Should go up to 1.0015 after which should fall to 0.9986, it is possible rebound 1.0046.

NZD-USD

Should go up to 0.7105 or above 0.7144. We can see the supports at 0.7016 or 0.6997. We should place the stop loss below 0.6927.

AUD-USD

It should climb to 0.9286-0.9326. The entry points would be 0.9246 or 0.9225.

EUR-JPY

It should not fall below 124.75. After which should go up to 126.91.

EUR-CHF

Should fall below 1.4313. We see resistance at 1.4322.

EUR-GBP

It should not fall below 0.8771-0.8742. After which should climb 0.8818-0.8836.

EUR-CAD

It should go up to the resistance 1.3436-1.3471 after which should fall below 1.3348.

EUR-NZD

It should not fall below 1.8953-1.8869. After which should climb 1.9082-1.9128.

EUR-AUD

It should not fall below 1.4428-1.4348. After which should climb 1.4549-1.4592.

GBP-CHF

This pair has a triangle pattern. Should continue its climb to 1.6347 or 1.6383 if support located at 1.6273 holds. After that there should be a pullback to 1.6273-1.6241.

GBP-JPY

Should fall 142.64-142.04 if 143.81-144.38 refrain its rise. We should place the stop loss above 145.58.

GBP-CAD

Should go up to 1.5389 after which should fall to 1.5178 or 1.5066.

GBP-AUD

Should go up to 1.6536 or 1.6594 if fall below 1.6403-1.6328 would be an acceleration in prices.

CAD-JPY

Should fall 93.32 if 93.78-93.94 resist. After which should go up to 93.94 or 94.11.

NZD-JPY

Should hold at 65.23 after which should rise to 66.73-67.18.

AUD-JPY

Should hold at 86.35 after which should go up to 87.43 or 87.79.

XAG-USD

If it is above 17.90 should drop to 17.97 or 18.07.

XAU-USD

It should climb to 1136.55-1141.10. The entry points would be 1132.00 or 1128.60.

Yours,
Da-Pay.Com

——–
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eToro Forex Trading

Pronosticos Divisas, Miercoles 7 Abril 2010

2010-04-06T15:09:00.000-07:00

Señales gratis Registrate

EUR-USD

Debería de caer a 1.3377-1.3337 después de lo cual debería de caer a 1.3448-1.3479.

USD-CHF

Debería de finalizar su subida en 1.0736. Después de lo cual debería de caer a 1.0628 o 1.0567.

GBP-USD

Debería de subir a 1.5287-1.5339 después de lo cual debería de caer a 1.51671.

USD-JPY

Debería de subir a 94.23 si 93.51-93.23 frena su caída. Deberíamos de colocar el Stop loss por debajo de 92.79.

USD-CAD

Debería de subir a 1.0015 después de lo cual debería de caer a 0.9986, es posible un rebote a 1.0046.

NZD-USD

Debería de subir a 0.7105 o por encima de 0.7144. Podemos ver los soportes en 0.7016 o 0.6997. Deberíamos de colocar el Stop loss por debajo de 0.6927.

AUD-USD

Debería de subir a 0.9286-0.9326. Los puntos de entrada serian 0.9246 o 0.9225.

EUR-JPY

No debería de caer por debajo de 124.75. Después de lo cual debería de subir a 126.91.

EUR-CHF

Debería de caer por debajo de 1.4313. Podemos ver la resistencia en 1.4322.

EUR-GBP

No debería de caer por debajo de 0.8771-0.8742. Después de lo cual debería de subir a 0.8818-0.8836.

EUR-CAD

Debería de subir a la resistencia 1.3436-1.3471 después de lo cual debería de caer por debajo de 1.3348.

EUR-NZD

No debería de caer por debajo de 1.8953-1.8869. Después de lo cual debería de subir a 1.9082-1.9128.

EUR-AUD

No debería de caer por debajo de 1.4428-1.4348. Después de lo cual debería de subir a 1.4549-1.4592.

GBP-CHF

Este par tiene un patrón de triangulo. Debería de continuar su subida a 1.6347 o 1.6383 si el soporte ubicado en 1.6273 aguanta. Después de lo cual debería de haber un pullback a 1.6273-1.6241.

GBP-JPY

Debería de caer a 142.64-142.04 si 143.81-144.38 frenase su subida. Deberíamos de colocar el Stop loss por encima de 145.58.

GBP-CAD

Debería de subir a 1.5389 después de lo cual debería de caer a 1.5178 o 1.5066.

GBP-AUD

Debería de subir a 1.6536 o 1.6594 si cayese por debajo de 1.6403-1.6328 se produciría una aceleración en los precios.

CAD-JPY

Debería de caer a 93.32 si 93.78-93.94 resisten. Después de lo cual debería de subir a 93.94 o 94.11.

NZD-JPY

Debería de aguantar en 65.23 después de lo cual de subir a 66.73-67.18.

AUD-JPY

Debería de aguantar en 86.35 después de lo cual debería de subir a 87.43 o 87.79.

XAG-USD

Si se encuentra por encima de 17.90 debería de caer a 17.97 o 18.07.

XAU-USD

Debería de subir a 1136.55-1141.10. Los puntos de entrada serian 1132.00 o 1128.60.

Saludos,
Da-Pay.Com

——–

CLAUSULA DE NO RESPONSABILIDAD: Los boletines de análisis técnico de Da-Pay.Com únicamente brindados a título informativo. Las informaciones contenidas dentro de estos boletines son compiladas a partir de fuentes de información fiables. No deberán en ningún caso ser consideradas como un consejo de inversión. Da-Pay.Com ni ninguno de sus empleados o representantes serán responsables en cuanto a la exactitud, error, omisión o uso de cualquier contenido de este informe, o de su puntualidad o entereza. Da-Pay.Com no asume ninguna responsabilidad por las pérdidas o ganancias que pudiera generar el seguimiento de las informaciones contenidas en este boletín.

eToro Forex

The Pip and The Lot

2010-04-06T14:27:00.001-07:00

As we already said, you had often listen to in the news "Stock-market X has raised so many points...". Then the form to measure the currencies is by means of points also that are called Pip (Percentage in points).

The Pip will be the minimum unit of movement of a currency, is to say a pip in the quotation of a determined currency. Let us suppose that GBP/USD is in 1.9671 and raises to 1,9693, it will have raised 22 pips. Each pip is equivalent to a point of gain or loss.

However, like you will be able to see in the platform that you use, the pairs are represented by 5 numbers. But some pairs are represented with 4 numbers decimal and other pairs with 2 numbers decimal. So that you will be able to see pairs with following formats 1,2345 or 123.45.

In the pairs with four numbers decimal pip was expressed of following form 0,0001 and in those of two numbers decimal is 0.01.

The Value of the Pip

Each pair has a different value of pip, but the platform will automatically make the calculations this that we are going to explain you , you can not see it. But we consider necessary explain you this.

The value of pip will not be calculated in the same way in those pairs on which the base currency is the dollar, that in those where the quote currency is the dollar the procedure will be different having to add a step.

Calculations with base currency USD

Let us suppose the USD/JPY a pip would be equivalent to 0.01.

USD/JPY

Currency value= 121.01
Pip value = 0.01/121.01= 0.0000826

USD/CAD

Currency value= 1.1852
Pip value=0.0001/1.1872= 0.0008423

USD/CHF

Currency value=1.2473
Pip value= 0.0001/1.2473= 0.0000801

Calculations with quote currency USD

Now we are going to make the calculations in those currencies in which the Dollar is not the base currency but it is quote currency. Therefore we will have to modify the form to calculate pip.

GBP/USD

Currency value=1.9671
Previous Pip value= 0.0001/1.9671= 0.0000508

Now we will have to calculate the value of pip with respect to the Dollar. We will add the following operation to obtain the result.

Pip value = Previous Pip value x Currency value.

Pip value = 0.0000508x1.9671= 0.00000999 (we round it to 0.0001)

EUR/USD

Currency value=1.2965
Previous Pip value= 0.0001/1.2965= 0.0000771
Pip value = 0.0000771x1.2965= 0.0000999 (We round it to 0.0001)

The Lot

At the time of buying or selling a certain pair we must pay spread. In order to buy a certain currency, we will buy at the cost of buy/ask. In case that we want to sell a certain currency, we will sell this currency at the cost of sell/bid.

As we already saw in Forex currencies are moderate by pips, but these currencies are bought by Lots. A standard lot will be 100,000 dollars, but also lots of 10,000 dollars exist. The Lot also is known like Contract.

These values can vary depending on the Broker that is used, but in its majority they are the following ones:

	*Currency*	*Amount per Lot*
	Dollar	100,000 Dollars
	Euros	100,000 Euros
	Swiss Francs	125,000 Francs
	Yen	12,500,000 Yens

When we made the calculation of the value of pip we have seen that they left very small numbers to us. In order to obtain a benefit that we consider good we will have therefore to operate with great numbers. That way we will obtain great benefits or also great losses starting off of those small values of pip.

Next we are going to see which will be the benefits that we would obtain by pip which we obtained. But you will have to consider that also can be lost. However, these calculations that we are going to see, you will not have to do your since broker made it automatically.

Like in pips, we will see that it is not the same to calculate the gain by pip for those pairs with the base currency is USD that those pairs with quote currency is USD.

We are going to suppose that we will buy lots of 100,000 dollars and of that way to see whatever we will gain by pip buying this amount.

USD/JPY

Currency Value= 121.01
Gain by pip= (0.01/121.01) x $100.000= $8.26 by each pip

USD/CAD

Currency Value= 1.1852
Gain by pip= (0.0001/1.1852) x $100.000= $8.43 by each pip.

Now we see in those pairs in which the dollar is not the base currency, but it is the quote currency.

GBP/USD

Valor de la divisa = 1.9671
Ganancia por pip = (0.0001/1.9671) x $100.000= $5.08 x 1.9671 = 9.9929 por cada pip que redondearíamos a 10 dólares por pip.

EUR/USD

Currency Value= 1.2965
Gain by pip= (0.0001/1.2965) x $100.000= $7.71 by each pip

A thing you will have to consider each broker has its form to calculate the gain by pip for the lot that you buy, but you will be able to ask to him which it is the gain by pip by bought lot. And you need to consider that each pair will have its corresponding value.

The Profit or the Loss

The Profit or the Lost will be calculated with base to pips and amount of lots that we have bought.

In the following example we will buy 1 lot (100,000 dollars standar lot) of USD/CAD, the prices of Bid/Ask and Sell/Buy are the next:1.1869/1.1873.

Therefore we will buy at the cost of 1,1873, but by some macroeconomic data, that pair has raised, being the new prices of Bid/Ask the next: 1,1901/1.1905.

In the case that, you decided to close then, that is to say, you are going to sell it. The price to which you will close it will be 1,1901, that will be the price that broker applied to close the position.

The difference between the price to which we have bought that it is of 1,1873 and to that we have sold 1,1901 will give 0,0028, that is to say, that we will have gained 28 pips.

Evidently the Broker is going automatically to give us the benefit, with no need that we calculate this benefit. But we considered that you must know as this benefit calculates.

So we will return to formula applied to calculate the Lots, due that this are a pair that it has to the USD as base currency, the formula used will be the following one:

Profit / Loss = (0,0001/ Price of the Bid) 100,000 xs = gain by pip x pips obtained = Total Profit/Loss.

Therefore:

Profit / Loss = (0.0001/1.1901) 100,000 xs = $8,4 by pip 28 x pips = $235.2

So that if we have gained 28 pips that will be our benefit, but in case that there were lost 28 pips, that will be our lost.

Fed says "prolonged period" could be long

2010-04-06T14:04:00.000-07:00

WASHINGTON (Reuters) - The U.S. Federal Reserve could keep interest rates at extremely low levels for longer than investors believe, if the worsening outlook for the economy or inflation subsides, the minutes showed on Tuesday the meeting Fed in March.

The minutes of the meeting of March 16 showed that there were still concerns about the outlook for the U.S. economy, and central bank officials were in no hurry to raise interest rates.

In fact, monetary policy makers felt that the promise of maintaining low interest rates would not limit the central bank if he felt the need to tighten monetary conditions.

"The duration of the commitment of a long period prior to a tightening of policy could be maintained for some time and could even be extended if the economic picture worsens considerably," say the minutes of the bank.

"These guidelines do not limit the future ability of the Committee to initiate a prompt monetary tightening," added the minutes of previous meeting.

At its meeting in mid-March, the Fed kept the benchmark interest rate steady at a range from zero to 0.25 percent and reiterated its commitment to keep them low.

The president of the Kansas City Fed, Thomas Hoenig, again objected to retain the phrase the "long period", promoting a more flexible commitment to keep interest rates low "for some time."

At a general level, the assessment of economic conditions made by the Fed was pessimistic. The members of the organization expressed concern about the resurgence of the problems in the housing market and persistently high unemployment.

Officials considered a threat to consumer spending by the vicious circle generated by the weak labor market.

"Participants agreed that household spending in the future is likely to remain constrained by weak labor market conditions, lower housing wealth derived from the harsh conditions of credit, and the modest revenue growth," the minutes said.

The Fed defined as controlled inflationary pressures and will probably remain that way, "pointing out that expectations about the price increases were" reasonably "well anchored.

Some Fed members said they thought the risk of tightening monetary policy too soon was greater than the risk of waiting too long to do so. These members felt that the pace of monetary tightening could be accelerated if necessary, and that the Fed had little room for further easing of monetary conditions.

(Reporting by Pedro da Costa and Glenn Somerville)

Fed dice "período prolongado" podría ser largo

2010-04-06T14:03:00.000-07:00

WASHINGTON (Reuters) - La Reserva Federal de Estados Unidos podría mantener sus tasas de interés en niveles sumamente bajos por más tiempo de lo que estiman los inversionistas, si el panorama para la economía empeora o la inflación cede, mostraron el martes las minutas del encuentro de la Fed de marzo.

Las minutas de la reunión del 16 de marzo mostraron que persistían los temores sobre las perspectivas de la economía estadounidense, y que las autoridades del banco central no tenían prisa por subir las tasas de interés.

De hecho, los encargados de la política monetaria consideraron que la promesa de mantener las tasas de interés bajas no limitaría al banco central si sentía la necesidad de endurecer las condiciones monetarias.

"La duración del compromiso de un período prolongado previo a un endurecimiento de la política podría mantenerse por bastante tiempo y podría incluso ampliarse si el panorama económico empeora considerablemente", dicen las minutas del banco.

"Estas directrices a futuro no limitarían la capacidad del Comité de iniciar un endurecimiento monetario con prontitud", agregaron las actas del anterior encuentro.

En su reunión de mediados de marzo, la Fed mantuvo la tasa de interés de referencia estable, en un rango de cero al 0,25 por ciento, y reiteró su compromiso de mantenerlas bajas.

El presidente de la Fed de Kansas City, Thomas Hoenig, nuevamente se opuso a mantener la frase del "periodo prolongado", favoreciendo un compromiso más flexible de mantener las tasas de interés bajas "por algún tiempo".

A nivel general, la evaluación de las condiciones económicas hecha por la Fed fue pesimista. Los miembros de la entidad expresaron su preocupación sobre el resurgimiento de los problemas en el mercado de la vivienda y el desempleo persistentemente elevado.

Los funcionarios consideraron que existe una amenaza al gasto del consumidor por el circulo vicioso generado por el débil mercado laboral.

"Los participantes acordaron que el gasto familiar en el futuro probablemente se mantenga restringido por las débiles condiciones del mercado laboral, una menor riqueza derivada de la vivienda, las duras condiciones del crédito, y el modesto crecimiento de los ingresos", dijeron las minutas.

La Fed definió las presiones inflacionarias como controladas y probablemente se mantendrían de ese modo, al tiempo que señaló que las expectativas sobre los incrementos de los precios estaban "razonablemente" bien ancladas.

Algunos miembros de la Fed manifestaron que pensaban que el riesgo de endurecer la política monetaria muy pronto era mayor que el riesgo de esperar demasiado tiempo para hacerlo. Esos miembros sintieron que el ritmo del endurecimiento monetario podría acelerarse si era necesario, y que la Fed tenía poco espacio para un mayor alivio de las condiciones monetarias.

(Reporte de Pedro da Costa y Glenn Somerville)

Industrial activity falls central U.S. in February:the Chicago Fed

2010-04-06T14:00:00.000-07:00

NEW YORK (Reuters) - The Federal Reserve Bank of Chicago said Tuesday that its index of manufacturing activity in the central region of the United States fell in February, mainly due to a slowdown in automobile production.

The index fell 0.8 percent in February, seasonally adjusted reading of 82.6 from an upwardly revised 83.2 in January, originally reported at 83.1.

Compared with February last year, the production of the central region decreased by 0.5 percent, far from the national increase of 2.0 percent.

Auto production in the central zone contracted 2.8 percent in the month after posting a strong increase of 4.7 percent in January. Compared with February of 2009, automobile production in the region experienced an increase of 10.0 percent, according to the report.

Regional steel production continued its upward path, posting an increase of 0.9 percent in the month, after seeing a 1.5 percent rise in January. This was the only industry that showed positive results in February, the four studied by the indicator.

The production of machinery fell 0.2 percent, after posting an increase of 1.7 percent in the previous month, while the resource sector output fell 0.5 percent, after rising 1.3 percent in January.

Three of the five segments of resources, food production, chemical and metal products, fell in February, while activity in the lumber and paper segment increased in the month.

Compared with the previous year, the regional resource production showed an increase of 3.0 percent, below the national increase of 3.9 percent.

The Fed manufacturing index of Chicago is a monthly estimate of manufacturing output in major industries in the region. The survey covers the five states comprising the Seventh Federal Reserve district: Illinois, Indiana, Iowa, Michigan and Wisconsin.

(Reporting by Camille Drummond)

Actividad industrial del centro de EEUU cae en febrero: Fed de Chicago

2010-04-06T13:58:00.000-07:00

NUEVA YORK (Reuters) - El Banco de la Reserva Federal de Chicago dijo el martes que su índice sobre la actividad manufacturera de la región central de Estados Unidos cayó en febrero, principalmente debido a un enfriamiento en la producción automotriz.

El índice bajó un 0,8 por ciento en febrero, a una lectura desestacionalizada de 82,6, desde un dato revisado al alza para enero de 83,2, reportado originalmente en 83,1.

En comparación con febrero del año anterior, la producción de la zona central del país descendió un 0,5 por ciento, lejos del incremento nacional del 2,0 por ciento.

La producción automotriz de la zona central se contrajo un 2,8 por ciento en el mes tras anotar un fuerte incremento del 4,7 por ciento en enero. En comparación con febrero del 2009, la producción de automóviles en la región experimentó un aumento del 10,0 por ciento, según el informe.

La producción regional de acero continuó su camino ascendente, anotando un incremento del 0,9 por ciento en el mes, tras ver un alza del 1,5 por ciento en enero. Este fue el único sector industrial que arrojó resultados positivos en febrero, de los cuatro analizados por el indicador.

La producción de maquinaria cayó un 0,2 por ciento, tras anotar un incremento del 1,7 por ciento en el mes anterior, mientras que la producción del sector de recursos retrocedió un 0,5 por ciento, tras un alza del 1,3 por ciento en enero.

Tres de de los cinco segmentos del sector de recursos -la producción de alimentos, químicos y productos no metálicos- cayeron en febrero, mientras que la actividad en los segmentos maderero y de papel creció en el mes.

Comparada con el año anterior, la producción de recursos regionales mostró un avance del 3,0 por ciento, por debajo del incremento nacional del 3,9 por ciento.

El índice manufacturero de la Fed de Chicago es una estimación mensual de la producción fabril de las principales industrias de la región. El sondeo cubre los cinco estados que integran el séptimo distrito de la Reserva Federal: Illinois, Indiana, Iowa, Michigan y Wisconsin.

(Reporte de Camille Drummond)

Forecast Currencies,Tuesday 6 April 2010

2010-04-05T15:14:00.000-07:00

Free Signals Sign In

EUR-USD

It should end its fall 1.3450, after which should rise above 1.3528.

USD-CHF

If it is under 1.0633-1.0649 should fall to 1.0604 or 1.0590. If it rise above 1.0649 could see it above 1.0677.

GBP-USD

It should complete its rise in 1.5310-1.5335. If it fall below 1.5420.

USD-JPY

Should go up to 94.58 or 94.75. We can see the supports in 94.23 and 94.04.

USD-CAD

It should fall to 1.0017-0.9992. If it rise, should face 1.0017-1.0071. We should place the stop loss above 1.0120.

NZD-USD

It should fall to 0.7026-0.7010. If it rise, should face 0.7026-0.7062. We should place the stop loss above 0.7093.

AUD-USD

It should climb to 0.9218-0.9228. The entry points would be 0.9207 or 0.9200.

EUR-CHF

It should fall to 1.4312 or below 1.4302. We can see resistance at 1.4323 and 1.4326.

EUR-GBP

It should go up to the resistance 0.8816-0.8830 after which should fall to 0.8801, is possible after a rebound to 0.8846.

EUR-CAD

It should fall to 1.3506-1.3462. If it rise, should face 1.3506-1.3603. We should place the stop loss above 1.3692.

EUR-NZD

Should go up to 1.9258 if 1.9126 or 1.9087 offers support. We should place the stop loss above 1.8994.

EUR-AUD

It should go up to the resistance 1.4635-1.4651, after which should fall to 1.4608, it is possible rebound 1.4678.

GBP-CHF

It should complete its rise in 1.6320-1.6276. After which should fall to 1.6191.

GBP-JPY

If it is under 144.54-144.80 should fall to 144.05 or 143.83. If it rise above 144.80 could see above 145.25.

GBP-CAD

It should fall to 1.5310-1.5277, if it rise , should face 1.5370-1.5396. We should place the stop loss above 1.5462.

GBP-AUD

It should complete its rise in 1.6617-1.6645. After which should climb 1.6569-1.6547.

CAD-JPY

Should drop to 93.74 or 93.33 if it is under 94.20-94.41. We should place the stop loss above 94.66.

NZD-JPY

Should go up to 66.81-67.27 from 66.30 or 66.07.

AUD-JPY

It should complete its rise in 87.17. After which should fall to 86.69 or 86.42.

XAG-USD

This pair has a triangle pattern. Should continue its climb to 18.14 or 18.22 if the support located in 18.01 holds. After that there should be a pullback to 18.01-17.95.

XAU-USD

It should climb to 1132.75-1136.37. The entry points would be 1129.13 or 11.26.90.

Yours,
Da-Pay.Com

——–
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eToro Forex Trading

Pronosticos Divisas, Martes 6 Abril 2010

2010-04-05T15:13:00.001-07:00

Señales gratis Registrate

EUR-USD

Debería de finalizar su caída, después de lo cual debería de subir por encima de 1.3528.

USD-CHF

Si se encuentra por debajo de 1.0633-1.0649 debería de caer a 1.0604 o 1.0590. Si subiese por encima de 1.0649 podríamos verlo por encima de 1.0677.

GBP-USD

Debería de finalizar su subida en 1.5310-1.5335. Si cayese por debajo de 1.5420.

USD-JPY

Debería de subir a 94.58 o 94.75. Podemos ver los soportes en 94.23 y 94.04.

USD-CAD

Debería de caer a 1.0017-0.9992. Si subiese, debería de enfrentar 1.0017-1.0071. Deberíamos colocar el Stop loss por encima de 1.0120.

NZD-USD

Debería de caer a 0.7026-0.7010. Si subiese, debería de enfrentar 0.7026-0.7062. Deberíamos de colocar el Stop loss por encima de 0.7093.

AUD-USD

Debería de subir a 0.9218-0.9228. Los puntos de entrada serian 0.9207 o 0.9200.

EUR-CHF

Debería de caer a 1.4312 o por debajo de 1.4302. Podemos ver las resistencias en 1.4323 y 1.4326.

EUR-GBP

Debería de subir a la resistencia 0.8816-0.8830 después de lo cual debería de caer a 0.8801, es posible después un rebote a 0.8846.

EUR-CAD

Debería de caer a 1.3506-1.3462. Si subiese, debería de enfrentar 1.3506-1.3603. Deberíamos de colocar el Stop loss por encima de 1.3692.

EUR-NZD

Debería de subir a 1.9258 si 1.9126 o 1.9087 ofrecen soporte. Deberíamos de colocar el Stop loss por encima de 1.8994.

EUR-AUD

Debería de subir a la resistencia 1.4635-1.4651, después de lo cual debería de caer a 1.4608, es posible un rebote a 1.4678.

GBP-CHF

Debería de finalizar su subida en 1.6320-1.6276. Después de lo cual debería de caer a 1.6191.

GBP-JPY

Si se encuentra por debajo de 144.54-144.80 debería de caer a 144.05 o 143.83. Si subiese por encima de 144.80 podríamos verlo por encima de 145.25.

GBP-CAD

Debería de caer a 1.5310-1.5277, si subiese, debería de enfrentar 1.5370-1.5396. Deberíamos de colocar el Stop loss por encima de 1.5462.

GBP-AUD

Debería de finalizar su subida en 1.6617-1.6645. Después de lo cual debería de subir a 1.6569-1.6547.

CAD-JPY

Debería de caer a 93.74 o 93.33 si se encuentra por debajo de 94.20-94.41. Deberíamos de colocar el Stop loss por encima de 94.66.

NZD-JPY

Debería de subir a 66.81-67.27 desde 66.30 o 66.07.

AUD-JPY

Debería de finalizar su subida en 87.17. Después de lo cual debería de caer a 86.69 o 86.42.

XAG-USD

Este par tiene un patrón de triangulo. Debería de continuar su subida a 18.14 o 18.22 si el soporte ubicado en 18.01 aguanta. Después de lo cual debería de haber un pullback a 18.01-17.95.

XAU-USD

Debería de subir a 1132.75-1136.37. Los puntos de entrada serian 1129.13 o 11.26.90.

Saludos,
Da-Pay.Com

——–

CLAUSULA DE NO RESPONSABILIDAD: Los boletines de análisis técnico de Da-Pay.Com únicamente brindados a título informativo. Las informaciones contenidas dentro de estos boletines son compiladas a partir de fuentes de información fiables. No deberán en ningún caso ser consideradas como un consejo de inversión. Da-Pay.Com ni ninguno de sus empleados o representantes serán responsables en cuanto a la exactitud, error, omisión o uso de cualquier contenido de este informe, o de su puntualidad o entereza. Da-Pay.Com no asume ninguna responsabilidad por las pérdidas o ganancias que pudiera generar el seguimiento de las informaciones contenidas en este boletín.

eToro Forex

Dollar falls against yen after more than 7 months high

2010-04-05T13:27:00.000-07:00

NEW YORK (Reuters) - The dollar fell against the yen on Monday, as traders opted to take profits after the greenback climbing to its highest level in more than seven months.

The dollar, however, gained ground against the euro, with markets in the United Kingdom and much of the euro area closed for a holiday.

The dollar rose earlier to about 95 yen after strong U.S. jobs data Friday, which raised optimism about the U.S. economy and pushed yields on Treasury bonds.

The fall of the dollar against the Japanese currency fell after news on Monday that the U.S. service sector grew in March at its fastest pace in almost four years, while pending home sales unexpectedly rose in February.

"This is another clear sign that the recovery is reaching a self-sustaining momentum," said Alan Ruskin, currency strategist at RBS Global Banking & Markets, referring to the index of services of the Institute for Supply Management.

Later in the morning in New York, the dollar eased 0.2 percent to 94.43 yen. Earlier, it hit a high of 94.78 yen on electronic trading platform EBS, its highest since late August 2009.

But dealers said speculators trimmed their short yen positions to change their positions against the Japanese currency aggressively.

"The dollar / yen was the biggest beneficiary of the strong jobs data, but there is some reduction in the profits of the night," said Omer Eisner, an analyst at Travelex Global Business Payments in Washington.

"There's definitely some room for profit taking here, given the impressive rise of dollar / yen we have seen since late March," he added.

In general, trading volume was lower, because markets in Australia, New Zealand and China were also closed for a holiday.

Traders said the dollar will probably find a new resistance level at around 95.10 yen.

Meanwhile, the euro was down 0.1 percent at $ 1.3515.

The Institute for Supply Management (ISM by its acronym in English) said its index rose to 55.4 last month from a reading of 53.0 in February. The figure is above the 50 mark that separates growth from contraction and is the largest since May 2006.

Analysts polled by Reuters had expected a reading of 54.0 for the index in March.

"Something better than expected, and the ISM survey on manufacturing (last week), this will moderate the dollar a boost," said Joseph Trevisani, FXSolutions analyst in Saddle River, New Jersey.

In this report, there was another of the National Association of Realtors said its index of pending home sales, based on contracts signed in February, rose to 97.6 from an upwardly revised to 90.2 in January.

(Additional reporting by Satomi Noguchi in Tokyo)

Dólar cae frente a yen tras máximo de más de 7 meses

2010-04-05T13:26:00.000-07:00

NUEVA YORK (Reuters) - El dólar caía frente al yen el lunes, ya que los operadores optaban por embolsar ganancias tras la escalada del billete verde a su mayor nivel en más de siete meses.

El dólar, sin embargo, ganaba terreno frente al euro, con los mercados de Reino Unido y gran parte de la zona euro cerrados por un feriado.

El dólar subió más temprano hasta cerca de los 95 yenes, tras el sólido dato del empleo estadounidense el viernes, que elevó el optimismo sobre la mayor economía del mundo e impulsó los rendimientos de los bonos del Tesoro.

La caída del dólar frente a la moneda japonesa se redujo tras conocerse el lunes que el sector servicios de Estados Unidos creció en marzo a su ritmo más rápido en casi cuatro años, mientras que las ventas pendientes de casas subieron inesperadamente en febrero.

"Esta es otra clara señal de que la recuperación está alcanzando un impulso autosustentable", dijo Alan Ruskin, estratega cambiario de RBS Global Banking & Markets, en referencia al índice de servicios del Instituto de Gerencia y Abastecimiento.

Al avanzar la mañana en Nueva York, el dólar cedía un 0,2 por ciento, a 94,43 yenes. Más temprano, tocó un máximo de 94,78 yenes en la plataforma electrónica EBS, su techo desde fines de agosto del 2009.

Pero los operadores dijeron que los especuladores recortaban sus posiciones cortas en yenes al cambiar sus posiciones contra la moneda japonesa agresivamente.

"La paridad dólar/yen había sido la mayor beneficiaria del sólido dato de empleo, pero hay algo de reducción de las ganancias de la noche", dijo Omer Esiner, analista de Travelex Global Business Payments en Washington.

"Hay definitivamente algo de espacio para toma de ganancias aquí, dada la impresionante escalada del dólar/yen que hemos visto desde fines de marzo", agregó.

En general, el volumen de operaciones era menor, debido a que los mercados en Australia, Nueva Zelanda y China también estaban cerrados por feriado.

Operadores comentaron que probablemente el dólar encuentre un nuevo nivel de resistencia en torno a los 95,10 yenes.

En tanto, el euro bajaba un 0,1 por ciento, a 1,3515 dólares.

El Instituto de Gerencia y Abastecimiento (ISM por sus siglas en inglés) dijo que su índice subió a 55,4 el mes pasado desde una lectura de 53,0 en febrero. El dato se ubica por encima de la marca de 50 que separa el crecimiento de la contracción y es el mayor desde mayo del 2006.

Los analistas consultados por Reuters esperaban una lectura de 54,0 para el índice de marzo.

"Algo mejor que lo esperado, y con el sondeo ISM sobre las manufacturas (de la semana pasada), esto dará al dólar un impulso moderado", dijo Joseph Trevisani, analista de FXSolutions en Saddle River, Nueva Jersey.

A este informe, se sumó otro de la Asociación Nacional de Agentes Inmobiliarios, que dijo que su índice de ventas pendientes de casas, basado en los contratos firmados en febrero, subió a 97,6 desde un dato revisado a 90,2 en enero.

(Informe adicional de Satomi Noguchi en Tokio)

U.S. services activity grows at fastest pace since 2006

2010-04-05T13:23:00.000-07:00

NEW YORK (Reuters) - The activity of U.S. service sector grew in March at its fastest pace in almost four years, according to data from Monday, while pending sales of existing homes increased in February, signs of economic recovery is underway.

The Institute for Supply Management (ISM) said its nonmanufacturing index rose to 55.4 last month from a reading of 53.0 in February. The data is located above the 50 level that separates growth from contraction and is the highest since May 2006.

Analysts polled by Reuters had expected a reading of 54.0 for the index in March.

After the data, which reinforced expectations that the economy recovers from recession firm stride, the shares rose on Wall Street, while the dollar halted its losses against the yen.

Other reports last week showed the manufacturing sector grew for the eighth month in March to its highest rate since July 2004. In terms of employment, in March the rate of job creation was the highest in almost three years.

"It seems that good news continues," said Alan Gayle, investment strategist at Ridgeworth Investments in Richmond, Virginia. "All this suggests that economic recovery is being felt in the creation of jobs," he said.

According to a report of the National Association of Realtors, pending sales contracts on previously owned homes unexpectedly rose in February.

Both reports "across the board support the idea that the recovery is progressing," said Tom Porcelli, economist at RBC Capital Markets in New York. "We're moving, there is a better way to define," he said.

The service sector represents about two-thirds of U.S. economic activity and analysts say that growth in this segment is a good omen for consumer spending and jobs in general.

The employment component of the ISM report rose slightly in March, while new orders also increased.

Moreover, the economic research institute Conference Board said the U.S. labor market continued in March the trend towards recovery for the seventh consecutive month, as fewer Americans reported having trouble finding employment.

Economists argue that job creation is essential for sustained economic growth, especially now that government stimulus begin to fade. Despite the reported improvement in the labor market on Friday, the unemployment rate remained at 9.7 percent in March for the third straight month.

(Additional reporting by Corbett B. Daly and Lucia Mutikani in Washington and Camille Drummond, Ryan and Emily Flitter Vlastelica in New York)

Actividad servicios EEUU crece a mayor ritmo desde 2006

2010-04-05T13:22:00.000-07:00

NUEVA YORK (Reuters) - La actividad del sector servicios de Estados Unidos creció en marzo a su ritmo más acelerado en casi cuatro años, según datos del lunes, mientras que las ventas pendientes de casas usadas aumentaron en febrero, señales de que la recuperación económica está en marcha.

El Instituto de Gerencia y Abastecimiento (ISM por sus siglas en inglés) dijo que su índice no manufacturero subió a 55,4 el mes pasado, desde una lectura de 53,0 en febrero. El dato se ubica arriba del nivel 50, que separa el crecimiento de la contracción y es el más alto desde mayo del 2006.

Los analistas consultados por Reuters esperaban una lectura de 54,0 para el índice de marzo.

Tras el dato, que reforzó las expectativas de que la economía se recupera a tranco firme desde la recesión, subían las acciones de Wall Street, mientras que el dólar frenó sus pérdidas frente al yen.

Otros informes mostraron la semana pasada que el sector manufacturero creció por octavo mes en marzo a su tasa más alta desde julio del 2004. En cuanto al empleo, en marzo la tasa de creación de puestos de trabajo fue la más alta en casi tres años.

"Parece que las buenas noticias continúan", dijo Alan Gayle, estratega de inversión de Ridgeworth Investments en Richmond, Virginia. "Todo esto sugiere que la recuperación económica se está dejando sentir en la creación de empleos", agregó.

Según un informe de la Asociación Nacional de Agentes Inmobiliarios, los contratos de ventas pendientes de casas usadas subieron inesperadamente en febrero.

Ambos informes "respaldan a nivel general la idea de que la recuperación está avanzando", dijo Tom Porcelli, economista de RBC Capital Markets en Nueva York. "Estamos avanzando, no hay una mejor forma de definirlo", agregó.

El sector servicios representa cerca de dos tercios de la actividad económica de Estados Unidos y los analistas sostienen que el crecimiento en este segmento es un buen presagio para el gasto del consumidor y el empleo en general.

El componente de empleo del informe ISM subió levemente en marzo, mientras que los nuevos pedidos también aumentaron.

Por otra parte, el instituto de investigación económica Conference Board dijo que el mercado laboral de Estados Unidos mantuvo en marzo su tendencia hacia la recuperación por séptimo mes consecutivo, ya que menos estadounidenses reportaron problemas para encontrar empleo.

Los economistas sostienen que la creación de empleos es esencial para una expansión económica sostenida, especialmente ahora que los estímulos del Gobierno comienzan a desvanecerse. A pesar de la mejoría del mercado laboral reportada el viernes, la tasa de desocupación se mantuvo en un 9,7 por ciento en marzo por tercer mes seguido.

(Reporte adicional de Corbett B. Daly y Lucia Mutikani en Washington y Camille Drummond, Ryan Vlastelica y Emily Flitter en Nueva York)

How to earn in Forex?

2010-04-04T13:02:00.000-07:00

In this section we will teach yo how we won in Forex, and for it we will have to explain you several concepts, since we will have to know like reading a pair, what is to enter Long or Short.

We made the comparison of the balance in which a currency is compare with other currency that there is in the pair, but to make that comparison we will need to know of fundamental analysis, basically this is make with macroeconomic data like can be inflation, job creation, etc., that will allow us to make that comparison between both currencies and therefore their economies.

How we read a pair?

In a pair exist two components, the base currency and the quote currency, the base currency is the currency on the left and the quote currency is the currency on the right.

The reason to represent the pair like this is simple, when we bought a currency simultaneously we sell the other. In order to buy a currency or to sell it we will be based on economic data that throughout the day leave, so that if we are seeing that the economy of the represented currency is going well, that will favor it against the other, and in case of going badly it harmed it.

EUR/USD: 1.4515

The base currency is the one that is to the left of "/" of the pair and the quote currency is the one that is to the right, the quote currency has several terms as quote , counter and terms currency. On the previous example the base currency will be the Euro, which it is represented as EUR. And the quote currency will be the Dollar, which is represented as USD.

When we are going to to buy a currency as it can be the Euro, the value say to us how much we must pay by the unit of the quote currency to buy an equivalence of the base currency, in this case the Dollar, this case 1 Euro is worth 1,45 Dollars.

In case that we are going to sell a currency as can be the Euro, the value say to us how many units of the quoted currency you must sell by a single one of the base currency, in this case 1,4515 Dollars are worth 1 Euro.

The reference currency therefore always will be the base currency not the quote currency, since if the economy of that currency is going well we will buy and in opposite case we will sell I . But that if always we must understand that when we bought the base currency, we will sell the quote currency at the same time.

A detailing that we want to do is that when we sell or we buy a currency we will have to pay spread established by broker.

Long / Short

When we buy or we sell does not appear to us in our desk of the broker BUY or SELL, but that will appear to us like Long or Short. So Buy is equivalent to open a Position in Long, and to Sell is equivalent to open a position in Short.

Like in the Shares, we will buy a currency when this has a relatively low price, hoping that this is increased of value with respect to the other currency. It is to say that if we bought, the currency base will increase of value against the quote currency. This will be to Enter Long.

In case of a sale, this will be the opposite case we will sell a currency when we consider is relatively high, and we hope that the value diminishes with respect to the other currency. It is to say that if we sell, the currency base will depreciate of value against the quote currency. This will be to Enter Short.

In both case we will be able to close the position when we consider opportune, being able to even hold the position per days months, but having in consideration that broker will charge or pay an interest to us depending on the differential of interests between both currencies.

The Spread

We have already said that brokers charge us the spread, we are going to clarify as spread works. As we can see in the image, all brokers will provide two prices to us, that are the Bid and Ask.

The Bid is the price that broker is ready to buy the base currency in exchange for the quote currency.

The Ask the price that broker is ready to sell the base currency in exchange for the quote currency.

However when we made a buy, we just have to do a click in Buy and will buy the Euro to 1,2418, in case Euro raises, if we wanted to close the position, this will be closed at the price of the market with respect to the sell price.

In case that we want it is to sell, we just have to do a click in Sell and we will sell the Euro to 1,2415, in case that Euro falls, if we wanted to close the position, this will be closed at the price of the market with respect to the buy price.

In order to decide if to sell or to buy we must be based as much on a technical analysis as fundamental, returning to the example which we put of the balance, which we will do is to heft the macroeconomic data (fundamental analysis) and to make a verification with a technical analysis.

This concept works basically in all the pairs. Let see some examples but basing to us on fundamental analysis, we know that you do not have knowledge of fundamental analysis but we will make simply so you can get the basic concept.

EUR/USD

If you think that the economy of the United States does not go well, of course that will be bad for the Dollar, then what we will do is to buy a order/position EUR/USD. We will be buying Euros so that we hoped that the Euro increases its value against the Dollar.

On the contrary if we thought that the economy of the United States is going well and the European Community is not going so well, then what we will do it is to sell a order/position EUR/USD. We will be selling Euros so that we hoped that the Euro depreciates its value against the Dollar.

USD/JPY

On this pair, the base currency will be the Dollar, and the quote currency the Yen.

If we thought that the economy of Japan does not go well, by the example that the government debilitates the Yen so in this way to have more exports, then what we will do is to buy a order/position USD/JPY. Thus we will be buying Dollars so that we thought that the Dollar will raise with respect to the Yen.

On the contrary if you think that Japanese economy is going well, or the investors are selling American bonds, or any American market and converting those Dollars to Yens, then you will execute an order/position of sell USD/JPY. So you will sell Dollars because you think the Dollar will fall against the Yen.

GBP/USD

In this pair, the base currency will be the Pound, and the quote currency will be the Dollar.

If you think that the United Kingdom's economy is going well, as far as economy growth, inflation, etc then you will buy an order/position GBP/USD. In other words you will buy Pounds because you think that the Pound will increase its value with respect to the Dollar.

If you think that the United Kingdom is not going well in economic terms, but the United States goes well, then you will execute an order/position of sell GBP/USD. Briefly you will sell Pound because you think that the Pound will depreciate its value with respect to the Dollar.

USD/CHF

In this pair, the base currency will be the Dollar , and the quote currency will be Swiss Franc.

If you think that Switzerland's economy does not go well, then you will execute an order/position of buy Dollar, so you think that the Dollar will raise of value against the Swiss Franc.

On the contrary if you think that Switzerland is not going well or some United States economic data has no been good enough, then you will execute an order/position of sell USD/CHF. What means that you will sell Dollars because you think that the Swiss Franc will rise value against the Dollar.

This same principle is been worth for all the economies, with the particularitity of which each economy can be affected in one way or another.

In this way that you would have to decide to sell or to buy a certain currency, with base in macroeconomic data, and remember that every day data release.

As we said earlier, you can keep an open position as long as you want, but you will take care not to lose money, but in the event that you keep an open position, the broker will charge an interest or it will pay interest based in the interest differential between the two currencies which leads to the next point.

El Swap

The Swap, Rollover or Overnight Interest like also is known is the interest that the trader earn or pays when broker depending on its margin and position (it talks about bought amount) in the market.

The Swap is paid or it gains while you hold an open position at the moment at which broker closes the session. In case that you do not want to pay or to gain this interest of your positions, you will have to close the positions that you have open before the 5 p.m. EST since this it is the end of session of the day.

Because when we bought a certain currency, always we sell another one. Each currency has an interest, this interest has to pay it the trader when a currency is sold and it gains when it is bought, as long as the position remains open more than one day. This has given rise to the Carry Trade that we will explain ahead.

However, if the trader has bought base currency with a high interest than the quote currency that the trader is selling, the trader will obtain a benefit derived from the differential of interests of the currencies. Basically that is the Carry Trade.

This is a table of the rates for each currency.

	*Currency*	*Interest*
	NZD	6.75%
	GBP	4.50%
	AUD	5.50%
	CAD	2.75%
	EUR	2.00%
	CHF	0.75%
	USD	3.75%
	JPY	0.00%

U.S. expect acceleration job creation: government adviser

2010-04-04T11:48:00.000-07:00

WASHINGTON (Reuters) - The U.S. government hopes that the creation of jobs in the country will be accelerated and that Congress pass a law on financial reform, said Sunday the economic adviser to the White House, Lawrence Summers.

Employers jobs created in March at the fastest rate in three years because private firms increased their hiring in the clearest sign yet that the economic recovery is stronger in balance.

Speaking for the program "This Week" on ABC, former Treasury secretary said the United States employment figures fluctuate from month to month, but that the measures taken by the Government to support the economy were worth it.

"I would expect steady progress in creating jobs," said Summers.

Non-farm payrolls rose by 162,000 and the unemployment rate held steady at 9.7 percent for the third consecutive month, said Friday the Labor Department.

Private employers hired more workers than expected.

In addition, Summers said he hopes the U.S. Senate approved a draft regulatory reform the financial system, noting that the measure promoted by the chairman of the Banking Committee in the Senate, Christopher Dodd, a Democrat, has strong arguments.

"It will not be easy," he said, adding that the Government was confident that a sufficient majority vote to support it.

Dodd draft would establish a regulatory board to oversee the financial risk, would create a process to liquidate troubled financial firms, it would take strong action in derivatives markets and other initiatives to avoid another crisis on Wall Street.

Increasing exports is the best way to recover jobs lost in the U.S. manufacturing sector, "Summers said in another interview with CNN, adding that business practices in a number of countries, including China, should be addressed to achieve this.

Summers declined to say whether the United States believes that China manipulates its currency.

(Reporting by John Crawley)

EEUU espera aceleración de creación de empleos: asesor Gobierno

2010-04-04T11:46:00.000-07:00

WASHINGTON (Reuters) - El Gobierno de Estados Unidos espera que la creación de empleos en el país se acelere y que el Congreso apruebe una ley de reforma financiera, dijo el domingo el asesor económico de la Casa Blanca, Lawrence Summers.

Los empleadores crearon puestos de trabajo en marzo a la tasa más rápida en tres años debido a que las firmas privadas aumentaron la contratación, en la señal más clara hasta ahora de que la recuperación económica está en equilibrio más sólido.

En declaraciones para el programa "This Week" de la cadena ABC, el ex secretario del Tesoro de Estados unidos dijo que las cifras de empleo fluctúan mes a mes, pero que las medidas tomadas por el Gobierno para apoyar la economía valían la pena.

"Esperaría un avance constante en la creación de empleos", declaró Summers.

Las nóminas no agrícolas subieron 162.000 y la tasa de desempleo se mantuvo estable al 9,7 por ciento por tercer mes consecutivo, indicó el viernes el Departamento de Trabajo.

Los empleadores privados contrataron más trabajadores de lo esperado.

Además, Summers dijo que espera que el Senado de Estados Unidos apruebe un proyecto de reforma regulatoria al sistema financiero, señalando que la medida impulsada por el presidente de la Comisión de la Banca en la Cámara alta, Christopher Dodd, un demócrata, cuenta con fuertes argumentos.

"No será fácil", aseveró, y añadió que el Gobierno confiaba que una mayoría suficiente votaría para apoyarlo.

El proyecto de Dodd establecería un consejo de reguladoras para supervisar el riesgo financiero, crearía un proceso para liquidar firmas financieras atribuladas, tomaría enérgicas medidas en mercados de derivados y otras iniciativas destinadas a evitar otra crisis en Wall Street.

Aumentar las exportaciones es la mejor forma de recuperar empleos perdidos en el sector las manufacturas estadounidenses, dijo Summers a CNN en otra entrevista, y agregó que las prácticas comerciales en un número de países, incluyendo China, deben ser encaradas para lograr esto.

Summers declinó decir si Estados Unidos considera que China manipula su moneda.

(Reporte de John Crawley; Editado en español por Marion Giraldo)

Is Forex a Bussiness?

2010-04-03T14:50:00.001-07:00

Many courses emphasize that forex is a business, but we do not want you see it as such, you must first see this as a hobby while learning these, in some way will be like a game that you will need to learn to play.

The reasons for that not to see Forex as a business are several, but the main one is that at the moment you are learning Forex and you can have the temptation to invest heavily, which recommend that you don’t do it until you have practice and you feel comfortable.

When you feel comfortable you can begin to view Forex as a Business that will provide you many advantages, of which we will discuss below.

First, you don’t need an office because you can operate from your house, you just need a desk and your personal computer.

In this case you will be your own boss and your employee, and therefore you must require achieving goals that you will stablish yourself. In that case you be your own enemy.

You can choose the hours to work, as there are sessions more interesting than others, and you can also decide that day because there are days more lively and less animated days. Except Saturdays and Sundays in which Forex doesn’t operate.

But to operate from your own home, office, or wherever you choose to operate you must always be disciplined. You may think you need employees, customers, office, social security, etc.. but you don’t.

In obtaining benefits from your operations, this will be your salary, and your salary depend on how good you are operating, on how much you know to handle your skills as well as control you emotionally to avoid panic if you see that any position is going in the direction you expect it. But remember to be fast to these changes.

Speaking of emotions, this is a cold market where you will havet to separate your emotions to one side, if you are angry, upset or you bothered yourself because an operation has not gone on the right way, it is best that you take a break and relax.

And speaking of relaxation, when trading Forex you can decide when you will go on holiday and even you can operate from the site of your vacations as long as this site has an Internet connection.

But as we assume that you are a Forex beginner, our advice is you consider Forex as a hobby, while you are learning about tools, indicators, and so on.

But Forex would not be a hobby when you think you are prepared enough to turn it into a business. We recommend a period of 2-4 months to be acquiring skills that we mentioned.

That is why we suggest using a demo account, and you have found that brokers offer to open an account from $ 250, and it is very possible that you want to open. But before you open you will need to consider the leverage of that account. You will learn about this in the course.

First thing you have to do is learn Forex, this will be the key to your success. So I seriously recommend you use a demo account, and you learn to operate in Forex.

But we must tell you that even with a Demo Account you can operate for real, but for now we suggest not deposit money. Actually Demo Accounts are good to know the platform of the broker you choose.

So We emphasize that our advice is to practise for a period of 2-4 months until you feel that you are qualified to make the leap to a real account. You will evaluate this .....

Dollar rises on U.S. job data, play up to 7 months vs. yen

2010-04-02T12:40:00.000-07:00

NEW YORK (Reuters) - The dollar rose broadly on Friday, hitting a new seven-month high against the yen after a government report showed the U.S. private sector created jobs at its sharpest rate in at least three years.

This report suggests that the U.S. labor market recovery is gradual, but steady, and should reinforce expectations that Federal Reserve will raise interest rates sooner than their counterparts in Europe and Japan.

"As the employment data reflect a continuing improvement in the U.S. labor market, it fits with our general view that the output gap in America is closing, albeit slowly," said Marc Chandler, director of global currency strategy at Brown Brothers Harriman in New York.

"That will allow the Fed raising rates before the Bank of Japan, the European Central Bank and the Bank of England. We hope this will prop up the dollar in a medium-term," he said.

The Labor Department reported that U.S. employers created 162,000 new jobs, below the 190,000 expected by the market, but 123,000 places were opened in the private sector, the most since May 2007.

In the short time in New York, the euro fell 0.7 percent against the dollar at 1.3481 units. Traders said hedge funds overall took to sell the euro after news of the data.

Despite the fall of the euro on Friday, the European currency showed a slight increase in the week, recovering modestly from the losses of the last two weeks.

Against the yen, the dollar rose to 94.69 points, its highest level since late August, according to Reuters data. Finally, the dollar closed at 94.65 yen, gaining 0.9 percent on the day.

The dollar rose 2.3 percent against the yen this week with its best weekly performance since early December.

On the day, the pound fell 0.7 percent to $ 1.5190.

The dollar index, a gauge of the performance of the greenback against a basket of six currencies benchmark rose 0.6 percent to 81.306.

Some analysts believe that due to positive non-farm payrolls report, the Fed might raise its discount rate again on Monday, when hold a meeting. The discount rate is the rate the Fed charges commercial banks for emergency loans.

"Since the central bank has already completed its asset purchase program, another hike in the discount rate would be the next logical step," said Kathy Lien, director of currency research at GFT in New York. "Increasing the discount rate would help the Fed to normalize monetary policy without affecting families," he said.

Dólar sube por dato empleo EEUU, toca máximo 7 meses vs yen

2010-04-02T12:37:00.000-07:00

NUEVA YORK (Reuters) - El dólar subió ampliamente el viernes, anotando un nuevo máximo de siete meses frente al yen, después de que un informe del Gobierno mostrara que el sector privado estadounidense creó empleos a su tasa más fuerte en al menos tres años.

Este informe sugiere que el mercado laboral de Estados Unidos está en una recuperación gradual, pero estable, y debería reafirmar las expectativas de que la Reserva Federal subirá las tasas de interés antes que sus contrapartes en Europa y Japón.

"En la medida que el dato de empleo refleje una continua mejoría en el mercado laboral de Estados Unidos, encaja con nuestra visión general de que la brecha de la producción en Estados Unidos se está cerrando, aunque lentamente", dijo Marc Chandler, director de estrategia cambiaria global de Brown Brothers Harriman en Nueva York.

"Esto le va a permitir a la Fed subir las tasas antes que el Banco de Japón, el Banco Central Europeo y el Banco de Inglaterra. Esperamos que esto apuntale al dólar en una perspectiva a mediano plazo", afirmó.

El Departamento de Trabajo informó que los empleadores estadounidenses crearon 162.000 nuevos puestos, por debajo de los 190.000 que esperaba el mercado, pero 123.000 plazas fueron abiertas en el sector privado, el mayor número desde mayo del 2007.

En la jornada corta de Nueva York, el euro cayó un 0,7 por ciento frente al dólar, a 1,3481 unidades. Los operadores señalaron que los fondos de cobertura globales salieron a vender euros tras conocerse el dato.

A pesar de la caída del euro del viernes, la moneda europea registró un ligero avance en la semana, recuperándose modestamente de las pérdidas de las dos últimas semanas.

Frente al yen, el dólar subió hasta 94,69 unidades, su mayor nivel desde fines de agosto, según datos de Reuters. Finalmente, el billete verde cerró en 94,65 yenes, con un avance del 0,9 por ciento en el día.

El dólar subió un 2,3 por ciento frente al yen esta semana, con su mejor desempeño semanal desde comienzos de diciembre.

En el día, la libra cayó un 0,7 por ciento, a 1,5190 dólares.

El índice dólar, un medidor del desempeño del billete verde frente a una canasta de seis monedas referenciales, subió un 0,6 por ciento, a 81,306.

Algunos analistas creen que debido al positivo informe de nóminas no agrícolas, la Fed podría subir su tasa de descuento nuevamente el lunes, cuando sostenga una reunión. La tasa de descuento es el precio que cobra la Fed a los bancos comerciales por sus préstamos de emergencia.

"Dado que el banco central ya finalizó su programa de compras de activos, otra alza en la tasa de descuento sería el próximo paso lógico", dijo Kathy Lien, directora de investigación cambiaria de GFT en Nueva York. "Elevar la tasa de descuento ayudaría a la Fed a normalizar la política monetaria sin afectar a las familias", agregó.

Private sector job creation encourages U.S. in March

2010-04-02T12:33:00.000-07:00

WASHINGTON (Reuters) - U.S. employers created more jobs in March than in the past three years, thanks to the accelerated private sector engagement in the strongest signal that the economic recovery progresses steadily and needs less state aid.

Non-farm payrolls rose by 162,000 jobs last month and the unemployment rate held steady at 9.7 percent for the third consecutive month, said Friday the Labor Department report.

The March increase is only the third since the economy fell into recession in late 2007 and the highest since March 2007. Private employers came to hire more workers than expected, although the temporary appointment for the census was lower than the projected market.

"The economy is in a rhythm of sustainable recovery. The fragility of the recovery is becoming less of a concern," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.

Employment growth is critical to keep the recovery that began in the second half of 2009, once government incentives vanish and the momentum of recovery in business inventories.

The dollar hit a fresh seven-month high against the yen for the good employment report, while the yield on the benchmark 10-year Treasury rose to a ceiling of nine months and a half, while the U.S. stock index futures United States rose slightly.

January payrolls were revised to show that in that month 14,000 jobs were created, while February was adjusted to reflect that only 14,000 jobs lost. Previously, it had reported a figure of 36,000 job losses in February.

Analysts polled by Reuters had expected nonfarm payrolls showed the creation of 190,000 new jobs in March and the unemployment rate will remain unchanged, but the strong rise in private contracting gave a more positive report than expected.

Political Pressure

The labor market has been lagging behind economic recovery after the worst recession in the country since the 1930s, which has meant a political challenge for President Barack Obama.

The fury of voters by high unemployment could cost the ruling party Democratic control of the Senate and House of Representatives in the November elections.

Christina Romer, a high economic adviser in the White House said the jobs report showed "continuing signs of gradual recovery in the labor market."

Some analysts said the relatively strong employment report suggested the economy was fast enough to allow the Federal Reserve to start raising interest rates, currently at about zero percent at the end of the year.

The Fed has identified unemployment as one of the factors that determine when to start raising rates.

"Job creation will help support the positive momentum which have gripped the economy by spending and bolster consumer confidence and develop a sustained recovery," said Michelle Meyer, economist at Barclays Capital in New York.

"If the rest of the data for this month are healthy, we believe the Fed will consider removing the phrase" prolonged period "at the meeting of April 28 and begin to raise rates in September," he added.

Private Recruitment soar

The government hired about 48,000 temporary workers last month to the national census conducted every decade, while private payrolls jumped by 123,000, the highest since May 2007. In February, staff numbers rose only 8,000 private jobs.

Last month, employment was also driven by a decline in seasonal job losses.

In the productive sector, manufacturing industry added 17,000 jobs in March and construction 15,000. Payrolls in the services sector grew, as retail employment rose by 14,900 jobs.

Government employment increased by 39,000 places, reflecting the temporary appointment by the census.

The average working week for all employees up to 34 hours from 33.9 hours in February.

Despite the abrupt change of trend in employment last month, still remains weak.

A broad measure of unemployment, which includes the number of workers added marginally to the workforce and those working part time for economic reasons, rose slightly to 16.9 percent from 16.8 percent in February .

About 44.1 percent of unemployed workers in March, has been unemployed for 27 weeks or more.

"Although things are clearly improving, the private sector is not yet in a position to create a sufficient number of jobs. There is still an urgent need for aggressive policies to create jobs," said Heidi Shierholz, an economist at the Economic Policy Institute in Washington.

(Reporting by Lucia Mutikani)

Sector privado impulsa creación empleo EEUU en marzo

2010-04-02T12:29:00.000-07:00

WASHINGTON (Reuters) - Los empleadores estadounidenses crearon más empleos en marzo que en los últimos tres años, gracias a que el sector privado aceleró la contratación, en la señal más fuerte de que la recuperación económica avanza a paso firme y necesita menos ayuda estatal.

Las nóminas no agrícolas subieron en 162.000 puestos el mes pasado y la tasa de desocupación se mantuvo estable en un 9,7 por ciento por tercer mes consecutivo, dijo el viernes el reporte del Departamento de Trabajo.

El incremento de marzo es sólo el tercero desde que la economía cayó en recesión a fines del 2007 y el más alto desde marzo del 2007. Los empleadores privados salieron a contratar más trabajadores de lo esperado, aunque la contratación temporal para el censo fue menor a la que el mercado proyectaba.

"La economía está en un ritmo de recuperación sostenible. La fragilidad de la recuperación está volviéndose menos preocupante", comentó Chris Rupkey, economista financiero jefe de Bank of Tokyo-Mitsubishi UFJ en Nueva York.

El crecimiento del empleo es crítico para mantener viva la recuperación, que comenzó en el segundo semestre del 2009, una vez que se esfumen los estímulos gubernamentales y el impulso de la recuperación de los inventarios en las empresas.

El dólar tocó un nuevo máximo de siete meses contra el yen por el buen reporte de empleo, mientras que el rendimiento del bono referencial del Tesoro a 10 años saltó a un techo de nueve meses y medio, al tiempo que los futuros de acciones de Estados Unidos se elevaron ligeramente.

Las nóminas de enero fueron revisadas para mostrar que en ese mes se crearon 14.000 empleos, mientras que la de febrero fue ajustada para reflejar que sólo se perdieron 14.000 puestos de trabajo. Previamente, se había informado una cifra de 36.000 empleos eliminados en febrero.

Los analistas consultados por Reuters esperaban que las nóminas no agrícolas mostraran la creación de 190.000 nuevos puestos de trabajo en marzo y que la tasa de desempleo se mantuviera sin cambios, pero la sólida alza en la contratación privada dio al informe un tono más positivo de lo esperado.

Presión Politica

El mercado laboral ha estado rezagado de la recuperación económica tras la peor recesión en el país desde los años 1930, lo que ha significado un desafío político para el presidente Barack Obama.

La furia de los votantes por el alto desempleo podría costarle al partido oficialista Demócrata el control del Senado y la Cámara de Representantes en las elecciones de noviembre.

Christina Romer, una alta asesora económica de la Casa Blanca, dijo que el reporte de empleo exhibió "continuos signos de recuperación gradual en el mercado laboral".

Algunos analistas comentaron que el reporte relativamente sólido de empleo sugería que la economía llevaba un ritmo suficiente como para que la Reserva Federal comience a subir las tasas de interés, actualmente en cerca del cero por ciento, a fines de año.

La Fed ha identificado a la desocupación como uno de los factores que determinarán cuándo empezará a subir las tasas.

"La creación de empleo ayudará a apoyar el momento positivo por el que atraviesa la economía, al apuntalar el gasto y la confianza del consumidor y desarrollar una recuperación sostenida", comentó Michelle Meyer, economista de Barclays Capital en Nueva York.

"Si el resto de los datos de este mes se ven saludables, creemos que la Fed considerará retirar la frase 'periodo prolongado' en la reunión del 28 de abril y comenzar a subir las tasas en septiembre", agregó.

Se eleva contratación privada

El Gobierno contrató a unos 48.000 trabajadores temporales el mes pasado para el censo nacional, que se realiza cada década, mientras que las nóminas privadas saltaron en 123.000, la cifra más alta desde mayo del 2007. En febrero, las plantillas privadas subieron sólo en 8.000 puestos.

El mes pasado, el empleo también fue impulsado por un retroceso en las pérdidas de puestos estacionales.

En el sector productivo, la industria manufacturera sumó 17.000 empleos en marzo y la construcción 15.000. Las nóminas en el sector servicios crecieron, ya que el empleo minorista subió en 14.900 puestos.

El empleo gubernamental aumentó en 39.000 plazas, lo que refleja la contratación temporal por el censo.

El promedio trabajado por semana de todos los empleados subió a 34 horas, desde 33,9 horas en febrero.

Pese al brusco cambio de tendencia del empleo el mes pasado, la debilidad aún se mantiene.

Una medida amplia de desocupación, que incluye el número de trabajadores que se agrega marginalmente a la fuerza laboral y aquellos que trabajan por tiempo parcial debido a razones económicas, subió ligeramente al 16,9 por ciento, desde un 16,8 por ciento en febrero.

Cerca del 44,1 por ciento de los trabajadores desempleados en marzo ha estado cesante por 27 semanas o más.

"Aunque las cosas están claramente mejorando, el sector privado todavía no está en posición de crear una cifra suficiente de trabajos. Aún hay una necesidad urgente de políticas agresivas para crear empleos", dijo Heidi Shierholz, economista del Economic Policy Institute de Washington.

(Reporte de Lucia Mutikani; Editado en español por Ignacio Badal)

What is Forex

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At first the currencies quoted with respect to gold, having the dollar a fixed price of 35 dollars by ounce. In 70’s due to the war with Vietnam, the United States had to face a strong outflow of capitals. Richard Nixon decided to remove the convertibility of the dollar against gold and devaluated the dollar a 10%. And from 1971 -73 when major currencies began to fluctuate freely.

In the year 1972 Future contracts of Currencies were introduced at the Chicago Stock Exchange nowadays known as Forex Exchange, Forex, FX or Retail Forex.

Therefore in the forex market are handled Currencies of each country. The pairs are represented as follows XXX / YYY, where XXX is the currency of a particular country, for example, EUR / USD. Where EUR represents the Euro and the USD Dollar.

Think of a balance, which will compare the weight of the EUR and the USD, where the EUR and the USD represent one share of each country in the balance proceed to compare the economies of both countries represented by their currencies. Because their currencies represent their economies and therefore reflect the current health of their economy, or the future based on a fundamental analysis (and explain what is a fundamental analysis). And therefore that coin with a healthy economy will rise while the other currency with a less healthy economy will fall.

There are two types of markets, centralized and decentralized. The stock markets of each country are centralized markets, NYSE (New York Stock Exchange) is a clear example of a centralizad market , on the other hand Forex market is a decentralized market , and this is why it is not operated by a single stock market such as New York , in this case is with several stock markets, which is why there are several sessions. The main trading centres are the London Stock Exchange, New York Stock Exchange and the Tokyo Stock Exchange.

The currency market or Forex market is a "extrastock" and therefore it is also known as "Over The Counter" or OTC, since there isn’t a centralized stock in which the operations are traded. Because there are several Stock markets around the world to trade, is a market of 24 hours, and that is why is an electronic marketplace that is integrated within the interbank system.

This market was dominated in its principles by major corporations, banks, as well as large investors, and the requirement to be taken to have a big account. Forex is a market which originally was prepared to banks and large financial institutions, hence it is integrated into the interbank system.

But with the arrival of the Internet, the barriers were broken giving an opportunity to people to invest in Forex. Today, banks and large institutions will no longer monopolize the market due to the large number of people who operate in Forex.

What currencies are traded in Forex?

*Abbreviation*	*Country*	*Currency*	*Alias*
USD	United States	Dollar	Dollar
EUR	European Community	Euro	Fiber
JPY	Japan	Yen	Yen
GBP	United Kingdom	Pound	Cable
CHF	Switzerland	Swiss Franc	Swissy
CAD	Canada	Canadian Dollar	Loonie
AUD	Australia	Australian Dollar	Aussie
NZD	New Zeland	New Zeland Dollar	Kiwi

As we can see in Abbreviations currencies are expressed with three letters (ISO code 4217), where the first two letters represent the country (Code 3166-1) and the third letter indicates the currency. So in JPY, JP represent Japan and Y represent Yen.

As we have said forex market is a decentralized with several stock markets operating in the world, and therefore there is always a stock market trading, which gives the possibility to traders realize their operations at any time of day.

Of course, you can find in one of the major time zones which will help you get good benefits, if you are not in that area your benefits may be lower.

Here is a table of the existing timezones:

*Time Zone*	*New York*	*GMT*
Tokio Open	7:00 PM	0:00
Tokio Close	4:00 AM	9:00
London Open	3:00 AM	8:00
Londres Close	12:00 PM	17:00
New York Open	8:00 AM	13:00
New York Close	5:00 PM	22:00

Which are the benefits of Forex?

No Commissions: The only existing cost is the spread, which is the difference between the purchase price (bid) and selling (sell) of the currency. This percentage may vary from one broker to another. There are no other charges such as account management, taxes ....

No Intermediary: In making transactions through the Internet via a platform normally provided by the broker eliminates the middleman you can make yourself transactions to buy or sell of a given currency at a current price.

Low Costs: Virtually all brokers have 0% commission. As we said the cost comes from the spread, which tends to be low. Under normal conditions usually can be 0.1% may be less than that depending on the broker as well as the leverage with which we open the account. In times of high volatility the spread is high by the brokers.

24 Hour Market: As we said Forex is open 24 hours, which allows investors anywhere in the world do the operations.

No fixed lot size: Due to the variety of brokers, each broker provides its own lot sizes. Hence, many brokers offer you can open an account from 250 dollars, which we do not recommend.

Leverage: The brokers offer us various types of leverage. Leverage basically is that with a small amount can make big purchases. This means that a trader with an account with a 100:1 leverage can open a position of $ 100,000 with only 1,000. But leverage can be a double-edged sword that can play in our favour or against depending on the risk as we handle in our account. Leverage can make us to have big losses or big profits.

High Liquidity: Forex is a market that handles $ 2 trillion in transactions a day. So the price of a particular currency is not stalling because there will always be people buying or selling.

Accounts varied: Many brokers are offering a variety of accounts, ranging from accounts Demo, which is good enough to practice in Forex, the "Standard", the "Mini" and the "Micro". We recommend opening an account "Mini" with $ 1,000, a "Micro" with $ 10,000. Many brokers offer accounts openings lower at $ 300 but as we will explain later we not suggest you to open an account with that amount.

Specialization: The brokers offer a variety of currencies but you as a trader can specialize in certain currencies concentrating investments in those currencies.

Introduction to Forex

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In this section we will explain what is Forex, for which we will have to overcome us to the antecedents of Forex. But also we will have to do that it is handled in Forex, that evidently is currencies, and as how we will read these currencies. Also we will see that advantages have operating with currencies.

Surely some persons said to you that Forex is a great business, and many things. But we want to speak you clearly, if your you are a novice at this moment you will not have to take to Forex like a business because you starting in this world, possibly in a future that we waited for is near for you, Forex will be a business, but to at this moment we advised you that you take it like a hobby, while you are practicing and improving. So don’t risk money, better you practice with an demo account,, this way you did not risk your money.

Logically in Forex when operating with currencies we will have to know how to read them, as well as how to buy and to sell them. It is why we will have to understand two important concepts as Enter Long and Enter Short.

Surely you have heard often in the news "Stock Market has raised X points...", then the form to measure the ascents and slopes of a determined currency also are made by means of points that are known like Pips. But when we bought, our purchases are measured in Lots.

For the moment we will explain you in this section which is benefits and losses, as well as what are the leverage and so feared Margin Call. Even although you think that the leverage does not have importance at the time of opening an account, if it has it but that we explain you in another section.

It is why we will explain you what is the Margin Call, but for explain you that we will have to explain you other referring concepts to your account.

You will have to consider the rules that you must follow, or principles that all operator would have to follow to be successful in this market. This market is a demanding market, and therefore it requires discipline. So the discipline in Forex is an important matter and it is something that you will have to impose yourself.

However, to buy or to sell a currency we will need to broker, but not all brokers are equal. When we say that they are not equal we referred to that not all are in a certain agency. And for that reason we will explain the main agencies that exist in the world. But also we have to see how the broker operates, which platforms uses and which politicy it has. Evidently we will not be able to name the policies of all brokers but we will speak in general.

But to see the potentials of Forex we will have to compare Forex with other existing markets in the world as they can be the Stock Market and the Market of Futures. Of that way we will see the advantages and disadvantages of each market.