Tuesday, June 7, 2011

Easy Forex Trading Signals Intraday Forex Trader Report

By Dilbert Caseman


The news that Bin Laden was dead, spurred markets higher yesterday. However, currently the world is worried about Taliban and Al Qaeda retaliating as affiliates of the militant organizations have promised to do. Interpol told its practically two hundred member countries to be on "full alert" after the death of the al-Qaeda chief in Pakistan. The U.S. is not going to drop its battle in opposition to the group and will not scale back its initiatives to halt terrorism, Secretary of State Hillary Clinton said Monday.

In addition, much softer than estimated information from New Zealand on Labor Costs and somewhat dovish and mindful statement from the Reserve Bank of Australia as they preserved the rate unchanged at 4.75% in the early hours, put a cover on the risk assets.

EUR/USD smart free accurate forex trading alerts: Patient bullish traders had a profitable day yesterday since the Bin Laden news made possible acquiring the dip to become really profitable. From here there exists still bullish sentiment in advance of Thursday's ECB rate announcement and traders are satisfied taking part in the range. Merely a break back through 1.4750 could bring in a bearish signal and traders are happy to be buyers unless that breaks.

GBP/USD daily professional forex trading signals: Leading into the BoE rate decision on Thursday it appears like dejavu with last month as the GBP struggles to make new highs as traders like the EUR at the present time. This being stated, traders are content to buy dips and stay long GBP provided that 1.6600 support maintains but a crack of 1.6590 could generate a significantly bearish signal.

USD/JPY reliable free fx signal: USD/JPY initially started higher on the Bin Laden announcement however the rally was stymied as the sellers appeared happy playing it on the short side given that 82.00 supplies resistance. We open the Asian session directly on major support and traders still calling it lower as the JPY crosses (EUR/JPY and GBP/JPY) seem a little heavy also.




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