FOREX CONTEST
2. INSTA FOREX GRAE RACE
- The 1st step of the Contest "InstaForex Great Race" is arranged by InstaForex Companies Group.
- The Contest will start on 1st of June 2009 and finish 23.59 on 3rd of July 2009
- Registration in the Contest ends on 30th of May 2009.
- Prize fund in amount of $8000 distributes in the following way:
- 1 prize - 3000 USD;
- 2 prize - 2000 USD;
- 3 prize - 1000 USD;
- 4 prize - 750 USD;
- 5 prize - 500 USD;
- 6 prize - 250 USD;
- 7 prize - 100 USD + 40 bonus points;
- 8 prize - 100 USD +30 bonus points;
- 9 prize - 100 USD +20 bonus points;
- 10 prize - 100 USD + 10 bonus points;
- 11 prize - 100 USD + 5 bonus points.
- Bonus points can be used in the final of the series of Contests "InstaForex Great Race".
- Trading on Contest accounts will be arranged on DEMO-server of InstaForex - ITC-Demo.com
- All the trading operations of participants will be executed with virtual funds.
- Every participant has a right to open only one Contest trading account.
GPB, CAD Most Vulnerable in a USD Recovery
by Swiss e Trade Strategy Team
While the Euro is still the most stable currency against the dollar, the British pound and the Canadian dollar are more volatile. This is in contrast to the notion that the pound and the CAD should be closer in trade terms to the USD than the EUR on first sight. But that is not true anymore - the trade-weighted USD index shows clear overweight towards the euro. So when it comes to a decision which currency to short in a USD recovery, it is not the EUR, it is the GPB, CAD, AUD, or even the Swiss franc. Right now the USD seems to be recovering from oversold levels, so we would concentrate on the more volatile currencies against the Greenback, and not on the EUR.
Below are our projections in the major pairs for today‘s trading. Note the U.S. existing home sales for April, at 16:00 CET. A slight increase is expected, which would confirm a possible low in this troubled market.
by George Clement
Intraday Market Outlook for Day Traders
EUR / USD
The pair has lost its upward momentum over the last two days, continuing to consolidate its higher levels this European morning, and is currently trading at 1.3965 in low volatility. We expect more down movement in today’s trading hours, leading to levels around the 1.3900 support zone.
GBP / USD
The pound has just passed the 1.6000 long-term resistance level in early Europen trading against the dollar and is currently priced at 1.6010. With the market heavily overbought, we do not expect much more upside potential at this point for today. A downward correction is more likely, gaining momentum during today, to the 1.5850 level.
USD / CHF
A dull market for the dollar against the Swiss franc developed this European morning, currently trading around the 1.0850 support zone. We expect recovery moves today, testing the 1.0930 level again.
USD / JPY
Against the yen, the Dollar recovered remarkably in Asian trading and is keeping its higher levels in European trading. Currently priced at 95.40 near its highs, we expect the USD to break the 95.50 resistance level today, moving to a high of 95.90.
USA : Federal criminal authorities to probe SEC member
Commission member (SEC) for allegedly using illegal insider information to trade stocks.
SEC's watchdog expect that 2 attorney traded in stocks in one of a large financial services
company, which that company as still being in problem too. The important is the 2 attorney
are works in the office of the SEC's Chief Counsel who has access to a tremendous amount of
nonpublic information, SEC spokesman said. SEC is in charge of policing stock markets and
protecting investors. And this event apprehensive about will smearing SEC and bloting Wall
Street's reputation.
EA Review
In this page i will try to forward test some EA. Enjoy....
1. Thunder 2e & Your Lucky 2d
From the author Abd. Rahman A.K.A _rdb_ from makassar indonesia, respectable Coder in the world.
Start forward testing on VPS 04 may 2009
Broker : IKO FX Demo (spread 4)
EA Name : Thunder 2e & Your Lucky 2d
Pair : EURGBP M5 & EURCHF M5
Deposit : $1000
Login : 4103423
Investor : 3lzlfsu (read only password)
Setting (other default) :
Working hour : 18-22
Slippage : 1
Max trade : 2
Take profit : 4
Download Meta4 IKO FX
Market view 1st week Mey 2009
Jakarta, Financeroll.com – The Bureau of Labor Statistics reported that the unemployment rate surged to 8.9 percent in April, its highest point in a generation. But some economists saw glimpses of a bottom in the latest grim accounting of job losses.
The economy, while still bleeding hundreds of thousands of jobs, is starting to lose them at a slower pace, offering the latest hint that the recession is bottoming out. Economists were expecting job losses of 600,000 in April, and predicted the unemployment rate would rise to 8.9 percent from 8.5 percent in March.
The United States economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off slightly.
US April payrolls fall 539,000
U.S. employers cut a smaller-than-expected 539,000 jobs in April, the smallest amount since October, according to government data on Friday that hinted at some improvement in the labor market and the recession-hit economy.
March's payrolls figure was revised to show a decline of 699,000, compared with a previously reported drop of 663,000. Job losses in February were bumped up to 681,000 from the previously estimated 651,000.
Seoul shares end firm after choppy trade
Stock Market
Seoul shares ended firmer after a volatile session that saw the main index move in and out of positive territory on Friday, before the release of U.S. jobs data keeping investors in check, but insurers rose.
The Korea Composite Stock Price Index (KOSPI) finished up 0.79 percent at 1,412.13 points. The KOSPI was in overbought territory according to its 20-day relative strength index.
The number of jobs U.S. non-farm payrolls shed last month will enter the spotlight on Friday as investors try to gauge whether the end of a deep recession is in sight.
Samsung Fire & Marine Insurance Co Ltd rose 5.71 percent, while Hyundai Marine & Fire advanced 4.05 percent. Samsung Fire on Friday forecast 3.6 percent growth in its net profit to 620 billion won ($491 million) in the fiscal year ending next March from the previous year.
Meanwhile, shares in Hyundai Engineering & Construction jumped 6.31 percent after news that seven South Korean banks sold a stake in the company in a block deal at the high end of their offered range.
But a stronger won continued to weigh on some exporting issues on concerns it may dent the price competitiveness of South Korean goods.
Hyundai Motor, South Korea's top carmaker, ended down 1.65 percent, and Hynix Semiconductor, the world's No.2 memory chipmaker, retreated 1.07 percent.
