EUR/USD Lifts After Italy’s Debt Sale

On Tuesday Euro/Dollar continued increasing with almost 110 pips on Italy's debt sale. The European currency appreciated from 1.2884 to 1.2993 yesterday, matching the positive money flow sentiment at over +14%, closing the day at 1.2960. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now.
On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.2993 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2884, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2770.
Today's focus is on Germany Retail sales, France PPI and Consumer spending, Germany Unemployment, Italy PPI, CPI and HICP, EU17 Harmonized CPI and Unemployment, US ADP employment, Employment cost index, and Chicago PMI, at 7, 7:45, 8:55, 9, 10, 12:15, 12:30 and 13.45 GMT respectively.
Quotes are moving just above the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term bullish and medium term neutral pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral signal

A DAUNTING RECOVERY - courtesy Hurricane 'Sandy'

Power Failures and Transportation Systems Crippled by Storm May Take Days to Repair. In picture (by Associated Press): A parking lot full of cabs in Hoboken, N.J., flooded on Tuesday, October 30, 2012

Awesome Shér

Mar nahin jaata koi 2-4 injection lagaane se Ghalib,
Mar nahin jaata koi 2-4 injection lagaane se Ghalib,
Sirf uthné - bhaithné ké andaaz badal jaaté hain.

Lindsay just made my day

It's been far, far too long, since the last time we've had the privilege of watching sweet Victoria's Secret angel Lindsay Ellingson.

I'm pretty sure some of you guys will like these photos so much that you'll even dream of Lindsay Ellingson tonight so.. I'm going to stop here

Say hello to Andreea & her tight wear

I've been holding onto these awesome lingerie photos for a couple of weeks now, and today seems like the perfect time to share them with you guys and gals.

Meet Andreea Mantea, a Romanian bombshell with the right curves in all the right places, who looks absolutely mesmerizing in skimpy lingerie.

FREE Trading Signal: EUR/USD

EUR/USD intraday: watch 1.2955 Pivot: 1.3010. Our Preference: SHORT positions @ 1.3 with 1.2955 & 1.2935 in sight. Alternative scenario: The upside breakout of 1.301 will open the way to 1.3045 & 1.308

More consolidation for EUR/USD

EUR/USD is still taking more time to consolidate the early session power break lower. We are not ready to call a bottom just yet; the downside risk is to 1.2941/26 zone.                        
Provided the market can probe the 1.2941/26 zone soon we will then wait  to see what type signal we get there. 1st main resistance is at 1.3010.

FREE Trading Signal: EUR/USD

EUR/USD intraday: bullish bias above 1.3035 Pivot: 1.3035. Our Preference: LONG positions above 1.3035 with 1.308 & 1.312 as next targets. Alternative scenario: The downside penetration of 1.3035 will call for a slide towards 1.3015 & 1.299

Trade with Strong Fundamentals

Trade currencies with strong fundamentals says Deutsche Bank because realized volatility has collapsed and markets are trendless at the moment, reflecting QE3 and the removal of euro-zone tail risk with the announcement of the ECB's OMT program. "History shows that periods of trendlessness can persist. Over the last 12 years markets have remained at current levels of trendlessness for greater than one week on 36 occasions. Of those periods, the average duration of trendlessness was 20 business days. Since we have been in this environment for 8 days, a breakout may not emerge for another 2 weeks," says the bank, adding that a Spanish bailout and the US elections could prolong the trendlessness.     

FREE Trading Signals

EUR/USD intraday: rebound. Pivot: 1.3015 Our preference: Long positions above 1.3015 with targets @ 1.3075 & 1.312 in extension. Alternative scenario: Below 1.3015 look for further downside with 1.299 & 1.2955 as targets. GBP/USD intraday: caution. Pivot: 1.604 Our preference: Short positions below 1.604 with targets @ 1.597 & 1.594 in extension. Alternative scenario: Above 1.604 look for further upside with 1.6065 & 1.609 as targets.

BE PATIENT AND KEEP FOCUSED

Be patient in your learning process and keep in your awareness that if you learn this trading system successfully, you will have a cash cow system FOR LIFE that is safe, independent, portable and highly profitable. It will give you the freedom to quit your J.O.B. (Just Over Broke) and travel the world and earn a great living, with just a portable laptop and your debit card.

If you have a J.O.B., then what we teach is perfect for you if you can trade during the busiest hours, between 3 am to 11 am EST. Even 1 hour of trading in the 1-5-10 or 15 minute chart will make you enough money for the day. You can do multiple scalping trades in the 1 and 5 minute chart, or one trade in the 10 or 15 minute chart, and then go to work. In fact YOU ONLY NEED 20 PIPS A DAY TO BE RICH!

USDCHF break above 0.9270 resistance

USDCHF break above 0.9270 resistance, suggesting that a cycle bottom has been formed at 0.9214 on 4-hour chart, and lengthier consolidation of the downtrend from 0.9971 (Jul 24 high) is underway. Further rise would likely be seen and next target would be at 0.9350 area. Support is at 0.9214, only break below this level could signal resumption of the downtrend from 0.9431, then another fall towards 0.9000 could be seen.

Gold, oil lose more as dollar rises further

Gold and oil futures fell further Friday, with the dollar-denominated commodities pressured as the U.S. dollar gained more ground. Gold for December delivery (US:gcz2) fell $19.80, or 1.1%, to trade at $1,724.90 an ounce on the Comex division of the New York Mercantile Exchange. Disappointing "U.S. earnings are adding additional weight to equities, which is resulting in some deleveraging pressures," said Peter Grant, chief market analyst at USAGOLD. "Such pressures tend to support the dollar, and at least initially, suppress gold." November crude oil (US:clx2) fell 49 cents, or 0.5%, to $91.59 a barrel on Nymex, near the day's low of $91.48.

Spain PM get relieved after Galicia vote

A victory  may give Rajoy's ruling People's Party some breathing room despite the rising protests -- Spain's national unions are calling for a strike on Nov 14. Basque separatism is no surprise. And Spain will likely do what is necessary to get ECB help in Nov. A bailout, however qualified, would calm the extreme fears about Europe breaking apart. Greece is being given time, and a growth focus is rising on the agenda. Things are progressing in Europe.

It's not often that the Spanish province of Glaicia becomes the focus for global investors, but such is the interest in how the severe austerity is playing out politically, even for a PM without national elections on the near-term horizon. Early exit polls give Rajoy's centre-right party the lead.

King of Romance' Yash Chopra dies at 80

Legendary Bollywood filmmaker Yash Chopra, 80, passed away this evening at the Lilavati Hospital in Bandra, where he was being treated for Dengue.

EUR/USD Currency Pair Most Likely To Rally Through Tuesday

The euro is following the roadmap set out in the previous post nicely. If the main count shown is correct, the euro will rally early next week, likely through Tuesday, October 23.


I am expecting a major trend charge at the end of black wave 2, with strong subsequent downward movement, so there are ramifications on the very near horizon across the board for most equities, currencies, and commodities.

Rachelle looks so desirable in lingerie

Here's Rachelle Goulding showing off her ridiculously hot curves, legs, etc... this time for the new lingerie collection from Macy's.

Kate Upton is an American model and actress

Upton attended a casting call in Miami for Elite Model Management in 2008 and was signed by them the same day. She eventually moved to New York City, where she then signed with IMG Models.
Upton first modeled for Damien Haumpy Garage, then Dooney & Bourke. She is the 2010–2011 face of Guess. In 2011, Upton appeared in the Sports Illustrated Swimsuit Issue. She was featured in the body paint section and named Rookie of the Year for the issue.[5] She has since modeled for Beach Bunny Swimwear and Victoria's Secret, and has appeared in Complex and Esquire as "The Woman of the Summer".
In April 2011 an internet video of her doing the Dougie at a Los Angeles Clippers game went viral and served to increase her popularity. On April 30, 2012, a bikini-clad Upton performing the "Cat Daddy" by The Rej3ctz in a video directed by Terry Richardson also went viral, amassing almost 750,000 views in the first 24 hours. Kate Upton's "Cat Daddy" moves could land her a cameo in song creator's The Rej3ctz's next video.
Upton made an appearance in a June 2011 episode of Tosh.0 Filmed In Fort Cobb Oklahoma, participating in a segment called "Knife or Banana", emulating a Japanese game show in which she is stabbed with a banana.
Upton played in the 2011 Taco Bell All-Star Legends & Celebrity Softball Game at Chase Field in Phoenix, Arizona, in July 2011.
Upton's acting debut was in the film, Tower Heist, as Mr. Hightower's Mistress. She followed up with an appearance in The Three Stooges as Sister Bernice.
Upton appeared on the cover of the 2012 Sports Illustrated Swimsuit Issue, unveiled on February 13, 2012, on the Late Show with David Letterman.

Drielle in lingerie is so damn sweet

It's time to meet a new ridiculously hot Brazilian supermodel you've probably never heard of. Her name is Drielle Valeretto and, as you'd expect from any supermodel from this country, she looks absolutely hot in skimpy little lingerie.

EURUSD, AUDUSD and Others Ready for Dollar

The Forex and Capital markets will be presented with an extraordinary opportunity at critical breakouts and potential trend generation right out of the gate next week. With the US Dollar testing the top of its four-month descending channel and the S&P500 staring down the conviction in its most recent leg of its overextended climb, the promise for developing lasting trends is high. However, exceptional potential does not not necessary mean high probability.

Euro Faces a Move To and Below 1.2800 if Risk Falters after EU Summit

The euro's more thematic issues will contribute to the global balance between risk and reward in its own (if passive) way. A lack of progress on Greece and Spain is commonplace at this point, but we are quickly reaching the extent of the market's tolerance. And, a strong shift in general confidence levels will accelerate that fact. Greece will return to the negotiation table with the Troika moving forward, but the market has priced in their receiving the next tranche of aid at this point. A convincing, euro bullish outcome likely rests with further favorable conditions to its financial position (more time, restructuring or more funds).

Through the end of this past week, the euro managed to close a bullish performance against all major counterparts with the exception of the Australian dollar. Yet, given the comparison between the first half and second half of the week along with the downturn in fundamental forecasts, it certainly didn't feel like a favorable week for the currency. Traders' focus this past period was heavily concentrated on a Euro-area event: EU Summit through the final 48 hour of trade.

Gold Prices Edge Down, Weighed By Falling Earnings

U.S. gold futures for December delivery lost 1.2% to settle at $1,724 an ounce, posting second successive weekly loss and tumbling 2% for the week, a steepest plunge in last three months.

Gold prices slumped to a one-month low on Friday, falling more than 1 percent amid recent bout of disappointing quarterly earnings from quite a few Wall Street heavy weights which prompted equities sell-off across-the-board , denting the market sentiment, raising apprehensions over the global macroeconomic outlook thereby reducing metal's allure as inflation-hedge.

The girl in the pic is Amber from Cheshire, UK

Fundamental Forecast for US Dollar: Bearish

US Dollar Looks for Lifeline in Earnings as Data Flow Buoys Sentiment

Currency traders' perpetual obsession with the trajectory of monetary policy would imply the Federal Reserve monetary policy announcement ought to be the center of attention in the week ahead. The outing is unlikely to be as market-moving as one might suspect however. Indeed, coming on the heels of a reboot of quantitative easing just last month, it seems unlikely that Ben Bernanke and company are geared to deliver anything significant besides a restatement of the new status quo. Indeed, policymakers are almost certainly in wait-and-see mode for some time from here as they assess the effects of the new MBS purchase effort.

Trading the Bullish Morning Star

One of the toughest tasks given to traders is spotting price reversals. There are a variety of tools at the disposal of technical Forex traders for the job, but more often than not it is a candlestick pattern that provides the first clues to a market turn. Candlestick patterns are a great way to begin your trading analysis as they are a direct interpretation of price action. With this in mind, today we will focus on spotting and trading one of the markets most clear cut reversal signals using the bullish morning star pattern.

What is a bullish morning star pattern?

A bullishmorning star pattern is a candle pattern established at the end of an extended downtrend. The pattern itself is pictured above,and it should be noted that the bullish morning star is comprised of three different candles. The first candle should depict a continuation of the established down trend. The second candle will show the slowing of bearish momentum. Price will make one final attempt at lower lows here, with the candle closing near its open price.

What the Fed’s stimulus means for investors

By By Andrew Menachem

Several weeks ago, the Federal Reserve announced its top priority would be to stimulate the economy, even if that led to an increase in inflation. That means the Fed may plan to keep short-term interest rates at record lows through mid 2015. It will likely buy mortgage bonds seeking to make home buying more affordable, and consider other steps if the economy remains sluggish.
Around the world, the European Central Bank (ECB), the People's Bank of China and other central banks have also adopted "quantitative easing" monetary policies designed to spur lending and boost national economies.
So, what does this long-term low-rate financial environment mean for investors?

Read More...

EU Summit brings Discord between Germany & France in open

The European Union summit that ended Friday suggested Germany and France, always awkward partners in managing the three-year-old euro crisis, are increasingly at odds over how to resolve it.
The summit produced a tortuous compromise between the currency bloc's two biggest nations over the creation of a new euro-zone banking supervisor, but it also brought simmering disagreements between Berlin and Paris into the open.
German Chancellor Angela Merkel balked at setting up the common banking supervisor as quickly as French President Francois Hollande wanted. For his part, Mr. Hollande was dismissive of Germany's proposal that EU bureaucrats gain veto powers over national budgets.
Mr. Hollande has also publicly criticized Ms. Merkel's focus on fiscal austerity in recent days, while suggesting that the chancellor is tailoring her euro-crisis policies to suit her re-election campaign in fall 2013.

A Next Door girl from Wiltshire - Amy

Amy has beautiful assets. She's fun, down to earth bubbly girl who loves to go out and have a laugh. By profession, she's a gents-barber and loves to go to a gym.

EUR/USD downside contained by 1.3010

The setback of the euro versus the dollar seems to have found an interim bottom at the 1.3010 area where EUR/USD set a 3-day low during the New York session, weighed by disappointment over the EU summit and broad risk aversion.

The euro had rallied this week and reached a 1-month high of 1.3140 on Wednesday underpinned by hopes Spain will seek a bailout soon and Moody's decision to keep the country's on investment grade. However, as euphoria faded, the EUR/USD has retraced part of its recent gains during the last sessions before finding support at 1.3012, leaving the 1 hour charts forming a rounding top figure.

EUR/AUD Weekly Outlook

In the bigger picture, the sustained trading above the medium term falling trend line served as the first signal of trend reversal.

Despite a rally attempt last week, EUR/AUD lacked through follow through buying and retreated towards the end of the week. The development suggests that consolidation pattern from 1.2823 is still in progress. Initial bias remains neutral this week and deeper decline could be seen to 1.2505 and below. 

Optical Illusion: A forest behind this young babe

I know you guys and gals love funny posters and… that's exactly what you're going to see right now as well.

Supermodel Catrinel in a bunch of sizzling photos

Alright mates, supermodel (and coincidentally my future girlfriend from Romania) Catrinel Menghia did us all a huge favor and showed off her perfect little body for the new lingerie and sportswear collections from Triumph, in a bunch of sizzling photos that I'm sure you'll love.

FOREX BREAKOUTS STRATEGY

The best way of catching the big moves is to use a forex trading strategy based around breakouts. A breakout is simply a move on a forex chart where a new high or low is made and resistance or support is broken. The reason for this is if a breakout occurs, then you have a new strong trend and a pullback is not very likely to occur. Most traders don’t buy or sell breakouts and that’s exactly why it’s such a powerful method. Most major moves start from new highs or lows. While it might appear that you are not buying or selling at the best level, you are in terms of the odds of the trend continuing. Most forex traders make the mistake of waiting for the breakout to come back and get in at a better price but these traders never get on board. The two important point is a support or resistance when which is broken, should be valid and that means at least 3 points in at least 2 different times frames. The more tests and the wider the spacing between the tests the more valid the level is.

EUR/USD intraday: under pressure

Pivot: 1.3095 Our preference: Short positions below 1.3095 with targets @ 1.3035 & 1.3015 in extension. Alternative scenario: Above 1.3095 look for further upside with 1.314 & 1.317 as targets.

EUR/USD Forecast

EUR/USD Trading range: 1.3085 – 1.2985 Trend: Downward Sell at 1.3075 SL 1.3107 TP 1.2998 

Just made 4 pips with EUR/USD

The pair is trying to fall back it's support in the European session.

EUR/USD Technicals

I will use dips as fresh buying opportunities. Day studies need to work out overbought conditions but the underlying bias remains with the bulls while above the 21 DMA at 1.2956. Bid is raised to 1.3000

EUR/USD Adjusts Bellow 1.31

On Thursday Euro/Dollar corrected downward with 75 pips. The European currency depreciated from 1.3129 to 1.3054 yesterday, not matching the positive money flow sentiment at nearly +18%, closing the day at 1.3065. This morning the Euro is trading quietly, with movements at the lower end of yesterday’s range for now. On the 1 hour chart quotes are held within the trading range, while on the 3 hour chart the upward channel is still making renewal attempts. Break above the nearest resistance and yesterday’s top at 1.3129 may trigger further strengthening of the Euro. Going bellow yesterday’s bottom and first support at 1.3054, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2940. Today’s focus is on Germany PPI, EU17 Current account, and USA Existing home sales, at 6, 8, and 14 GMT respectively.

Lowered Bid for EUR/USD

Our new bid is at 1.3000, close to the 10-DMA and Oct 12 high. We'll  also go with a TL breakout       

Poland is unlikely to keep its own currency forever

Poland will not adopt the euro unless it is 100% certain the currency will survive, Polish Central Bank Governor Marek Belka said Thursday, though he conceded it would be "extremely difficult" for the country to remain outside the euro zone forever.
"Poland sees itself as a future member of the euro, but we are not rushing," Mr. Belka said at a conference of central bankers. "The main reason is that we don't think we are well prepared."
Poland has learned a valuable lesson from the debt crisis in the euro zone, as many countries in the currency bloc had appeared to be well prepared when they adopted the currency.
"Five years ago we though we were well-prepared," Mr. Belka said.
Now Poland's priorities have shifted, he added.     

Made 4 pips with EUR/USD

Uncertainty still persists in the pair.

I sold it at 1.3098 and TP at 1.3094

Clash of European Titans over EUR

German Chancellor Angela Merkel wants authority for the EU to veto national budgets if members breach EU rules. But French President Francois Hollande said the issue was not on the summit agenda and the priority was to get moving on a European banking union. Germany is reluctant to see its politically sensitive regional landesbanks and savings banks come under outside supervision. "The only decision that will be taken is to set up a banking union by the end of the year and especially the banking supervision," Hollande said.     

EUR/USD Technical Significance

Profits booked on the long trade overnight. Favor using dips as fresh opportunities to set longs. Have raised the bid to yesterday's low, with 1.3089 (Asian base) providing support ahead. The trend line from 2011 remains key, be aware that coupled with overbought day indicators another rejection from this line is possible.     

USD/JPY Continues Lifting Above 79

On Wednesday Dollar/Yen resumed increasing with 40 pip range. The currency couple appreciated from 78.70 to 79.13 yesterday, matching the positive money flow sentiment at above +23%, closing the day at 78.92. This morning the Dollar ascended slightly further against the Yen, reaching 79.27.
On the 1 hour chart quotes are testing the upper limit of the trading range, while on the 3 hour chart quotes are moving within wider range. Break above today's top and nearest resistance 79.21 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.61, and consistent break bellow it could strengthen the Yen further down towards next target 77.74.
There are no major economic events for Japan today.

Traders Shouldn’t Dismiss Opportunities Created by Eurozone Crisis

Much has been made over the past many months of the importance of fixing the Eurozone. Clearly, it needs fixing; several of the member states are on the brink of bankruptcy, there's talk of withdrawal from the E.U., austerity is all the rage (literally and figuratively) and growth is slowing nearly everywhere. The crisis is impacting the global economy, that is also clear, and eventually the powers that be will find a way to right the wrongs and restore order.

While the Euro may be steadily depreciation, as far as investment opportunities, all is not lost. While the E.U. policy makers try once again to sort themselves out at the upcoming European Council meeting, investors can still take advantage of the mess there which is a long, long way from being cleaned up. As has often been said, crisis breeds opportunity, and even with the bleakest outlook, they can be found right under an investor's proverbial nose.

FREE Trade Signal

EUR/USD Trading range: 1.3075 - 1.3175
Trend: Upward
Buy at 1.3087 SL 1.3055 TP 1.3164 USD/JPY Trading range: 78.95 - 79.95
Trend: Upward
Buy at 79.09 SL 78.77 TP 79.81 GBP/USD Trading range: 1.6110 - 1.6225
Trend: Upward
Buy at 1.6124 SL 1.6092 TP 1.6212 USD/CHF Trading range: 0.9255 - 0.9150
Trend: Downward
Sell at 0.9244 SL 0.9276 TP 0.9160

IMF urges aid for Italy, Spain

The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's debt crisis, but Rome has rebuffed the idea and Madrid seems likely to apply alone.

 

The two-day Brussels summit will debate steps towards a single banking supervisor and proposals for closer euro zone integration, including German Finance Minister Wolfgang Schaeuble's idea of a super-commissioner with veto powers over national budgets.

 

No decisions are expected this week and there is no certainty as to when Spain will come off the fence.

 

Spain dodged a bullet on Tuesday when Moody's maintained its credit rating at investment grade, with a negative outlook, on the assumption that Madrid will trigger European Central Bank intervention soon to lower its borrowing costs. 

EUR/USD Hear One Month High On Spain Hopes

On Wednesday Euro/Dollar continued increasing insignificantly with 55 pips. The European currency appreciated from 1.3084 to 1.3139 yesterday, matching the positive money flow sentiment at almost +25%, closing the day at 1.3118. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.
On the 1 hour chart quotes are still held within the trading range, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and yesterday's top at 1.3139 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3084, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2970.

EUR/USD Trader

Looking to buy a dip toward the broken pennant top line by 1.3015

GBPUSD breaks above trend line resistance

GBPUSD breaks above the downward trend line resistance, suggesting that the downward movement from 1.6309 has completed at 1.5976 already. Further rise could be expected after a minor consolidation, and next target would be at 1.6250 area. Support is at 1.6100, as long as this level holds, the uptrend from 1.5976 will continue.

Federal authorities arrested a man who plotted to blow up the Federal Reserve building in New York City

Just blocks from the World Trade Center site, authorities say 21-year-old Quazi Nafis was arrested Wednesday morning after a sting operation that involved the FBI and New York Police Department. The suspect parked a van filled with what he believed were explosives outside the building and tried to detonate it.
But his associates were actually undercover officers who arrested him at the scene — and the bomb was not real.