FX Solutions Introduces GTS Pro Forex Trading Platform for Faster Trading (PRWeb)
FX Solutions ( www.fxsol.com ), an IT-driven online foreign exchange broker auto-executing almost 99 percent of customer trades(1), today introduced GTS Pro ( www.fxsol.com/gtspro ), a next-generation forex trading platform designed to meet the needs of today’s currency traders. (PRWeb Sep 26, 2007) Post Comment:Trackback URL: …

FX Solutions Introduces GTS Pro Forex Trading Platform for Faster Trading (Business Wire via Yahoo! Finance)
SADDLE RIVER, N.J.—-FX Solutions , an IT-driven online foreign exchange broker auto-executing almost 99 percent of customer trades, today introduced GTS Pro , a next-generation forex trading platform designed to meet the needs of today’s currency traders.

FOREX - US DOLLAR WEAKER VS SINGAPORE DOLLAR - SEPT 28, 2007 (Asia Pulse via Yahoo!7 Finance)
Singapore   The US dollar was trading at 1.4902 Singapore dollars at 4.16 p.m. Friday, down from 1.4923 Singapore dollars at 4.44 p.m. Thursday.

Learn Currency Trading – 4 Simple Steps to Success - PR-GB.com (press release)

Forex Day Trading – the Illusion That Will See you Lose - PR-GB.com (press release)

Forex - US Dollar Weaker VS Singapore Dollar - Sept 28, 2007 (Asia Pulse via Yahoo!7 News)
The US dollar was trading at 1.4902 Singapore dollars at 4.16 p.m. Friday, down from 1.4923 Singapore dollars at 4.44 p.m. Thursday.

Tags: dollar, investments, finance, investing, business, blogging

Yesterday we looked at 3 trading opportunities. Today, we are going to look at one shaping up in the euro currency, a possible profit opportunity and update the others. Let?s take a look first at the euro. We are using the chart service futuresource.com and indicators RSI, Bollinger bands and stochastic in making our observations. This report is written at 10AM Central European time.

Euro
The euro is in a firm up trend against the dollar and prices have recently retreated from contract highs. Prices are now at the middle of the Bollinger band and are looking to hold around this level. RSI has fallen back from overbought levels and stochastics are down, but oversold. Support lies at 1.34 and 1.32. Watch for stochastics to bottom and cross with bullish divergence to indicate a shift in momentum, accompanied by rising RSI. This looks like a correction in a bull market. Wait for the correction to run its course, by watching for the above indicators to give you a signal and shift the momentum back to the bulls.

Other trades we looked at yesterday were:

US V Canadian Dollar
Same comments apply as before:
We expect a bounce. RSI very oversold and the dollar is trying to hammer a bottom out above the key 1.10 level. Stochastics remain flat. If they cross with bullish divergence, expect a move up. A close below 1.10 means all bets are off.

US V Japanese Yen
We expect the dollar to hold above the breakout point. Stops should be below the breakout if long ? if not, to go long look for stochastic to turn up with bullish divergence. The yen is the weak currency of the majors against the dollar and we would expect the dollar to hold it?s up trend.

Today, should give a clearer indication of near term direction. Short term momentum is down in the dollar. Watch the breakout point and stochastic momentum.

British Pound V US Dollar
The trend in the pound is up but short term momentum is down. We expect the pound to move up after the recent correction, but need to see a shift in near term momentum.

Prices have broken the mid Bollinger band and are drifting lower. RSI is no longer over bought. Stochastic momentum is over sold and down. To enter a long trade watch for a cross in momentum on the stochastic with bullish divergence and also a rising RSI. With all trades don?t predict wait for confirmation of shifts in near term momentum before attempting positions.

Good luck and good trading.

Tags: bonds, marketing, trend, investing, market, oil

Opinion divided on currency trading - Gulf News

Forex Day Trading – the Illusion That Will See you Lose - PR-GB.com (press release)

Killer Forex Trading Strategy for Beginners - PR-GB.com (press release)

How Online Forex Trading Operates: - Nigerian Tribune

A Guide To Choosing The Right Forex Trading Software - PR-GB.com (press release)

Learn Currency Trading – 4 Simple Steps to Success - PR-GB.com (press release)

Great Tips For Successful Forex Trading - PR-GB.com (press release)

Tags: news, money, internet, blogging, investing, investments