News Flash

[October 11, 2011 - 8:09] The volume of trade in Asia will reach nearly double by 2025 and will be a key driver for growth in world trade is currently hampered although the world economy, HSBC said in a report Tuesday.
[October 11, 2011 - 7:28] Just last week, a sluggish market seems inevitable, since it shares jumped four out of five days ago, pushing the S & P 500 rose 8.7 percent.

 
[October 11, 2011 - 7:18] stocks on Wall Street surged 3 percent Monday, extending into the second week of reinforcement when the promises the leaders of Germany and France increasing expectations that the euro zone debt crisis can be resolved.

 
[October 11, 2011 - 7:15] Three years after the collapse of Lehman Brothers has triggered a wave of bankruptcy filings, the company's failure may be increasing again, with some big-named companies among those who are struggling to survive.

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Signal Open Trade

This is signal short term

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Euro Gains After German and French Show Commitment to Overcome Crisis

German Chancellor Angela Merkel and French President, Nicolas Sarkozy, promised to explain the new plans later this month, as an effort to save Greece from the storm crisis still not finished. In addition, they also agreed to conduct rekapilatisasi against European banks. Merkel and Sarkozy also promised to prepare a plan to accelerate economic growth in the European zone which is scheduled to be brought to the G20 meeting in Cannes on 3 November. Merkel and Sarkozy's statement this makes optimistic stock market and the euro rose sharply against the USD.

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Positive Stock Exchange, Gold and Oil Prices Rise

Gold prices rose again today, had touched the level of $ 1,662 per troy ounce. In addition to gold, crude oil prices also shot up again. The increase was triggered by the positive performance of global stock markets today that made USD weakened. U.S. employment figures are better than last weekend's predictions Friday made ​​investors showed optimism for the moment. The trend for gold is predicted to continue rising until the Fed Minutes tomorrow.

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Prediction Forex for October 11, 2011.

 Use these as references wisely. Trading decisions remain in your grasp.
Thank you.

Still hard to predict and unclear.
EUR/USD
It is more likely to go down to around 1.3570 or lower, and after that, it might have potentially to go up to around 1.3680 or 1.37.
(Current Price: 1.3638)
GBP/USD
It is more likely to go down to around 1.56 or lower, and after that, it might have potentially to go up to around 1.57.
(Current Price: 1.5665)

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Calendar Economics Forex , October, 11 2011

This is the forex economic calendar for October 11, 2011. It can be used as a reference in forex transactions.

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Forex for October 10, 2011. Signal and Analysis

Today is hard to predict.
EUR/USD
May be after it goes down to around 1.33 or lower, then it is more likely to go up to around 1.3450 or higher.
(Current Price: 1.3374)
GBP/USD
May be after it goes down to around 1.35 or lower, then it is more likely to go up to around 1.3450 or higher.
(Current Price: 1.5576)

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