ForexGen Trading Broker: forexgen

Qimonda Set For Euro325 Million Bailout

Sun, 21 Dec 2008 22:56:52 GMT

Troubled memory-chip maker Qimonda AG on Sunday secured a rescue package of euro325 million ($452 million) in loans from a German regional government, parent company Infineon and a Portuguese state bank.The Economy Ministry in the German state of Saxony, where Qimonda has a major plant, said in a statement that it achieved a "breakthrough" when Portugal agreed to join the rescue package through... [read more]

Oil Prices Near $48 a Barrel as Dollar Falls

Fri, 12 Dec 2008 22:18:40 GMT

Weak dollar outweighs IEA report on weak demand; oil prices near $48 Oil prices rose 10 percent Thursday as the value of the dollar sank further and investors dumped money into crude markets.The falling dollar, which makes commodities like oil more attractive, outweighed a new report from the International Energy Agency, which said energy demand is sliding sharply.Crude prices have spiked ahead... [read more]

Swiss Franc Technical Outlook

Sat, 06 Dec 2008 01:41:25 GMT

Higher highs and higher lows since the March low favors bulls longer term. Near term, the decline from the top side of the channel is impulsive and the rally from 1.1828 is corrective. I had been “expecting weakness below 1.1828 in the next several weeks” but the EURUSD and GBPUSD bearish counts bring that bias into question. If the bull has resumed, then support should be strong in the 1... [read more]

U.S. Non-Farm Payrolls Falls The Most Since 1974

Fri, 05 Dec 2008 22:57:09 GMT

U.S. Non-Farm Payrolls Falls The Most Since 1974, Unemployment Rate Hits 15-Year HighU.S. Non-Farm Payrolls fell the most in 34 years as the economy lost 533K jobs in November, which raised the total number of job losses in 2008 to 1.91M.U.S. Non-Farm Payrolls fell the most in 34 years as the economy lost 533K jobs in November, which raised the total number of job losses in 2008 to 1.91M. In addition,... [read more]

BESTDirect eSignal Integration Advances Online Futures and Forex Trading

Fri, 05 Dec 2008 05:01:59 GMT

PFGBEST.com announced that the BESTDirect eSignal platform is now available for retail traders and investors. This new product combines the direct exchange order routing capabilities of PFGBEST.com with the advanced charting and analytics of eSignal, a leading provider of affordable, reliable, real-time financial market information and professional-level tools, including advanced charting... [read more]

USD/CAD Short-Term Forex Technical Outlook

Thu, 04 Dec 2008 21:30:26 GMT

The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair. Currency Pair: USD/CAD Chart: 60 Min Charts Short-Term Bias: Bullish Analysis The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair. After falling to a low of 1.1463 on 11/5, the... [read more]

New Zealand Dollar Technical Outlook

Thu, 04 Dec 2008 05:53:00 GMT

There is quintuple divergence with RSI on the daily NZDUSD chart, which warns of a reversal.Last Friday’s inside day reinforces the potential reversal to the upside. Staying above .5186 keeps the short term trend bullish.[ForexGen Introducing Brokers]Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen... [read more]

Global Interest Rate Cuts to Spearhead Crisis Fightback

Wed, 03 Dec 2008 22:30:01 GMT

Thailand led a global charge to cut interest rates on Wednesday, with countries from Europe to New Zealand expected to follow in the next few days to fight an unrelenting financial crisis.South Korea took steps to help local banks through a cash crunch and U.S. Treasury Secretary Hank Paulson was reportedly debating if he should ask lawmakers in Washington for the second half of a $700 billion... [read more]

Euro and Pound Fall As Service Sectors Contract Further

Wed, 03 Dec 2008 22:01:28 GMT

Euro and Pound Fall As Service Sectors Contract Further, Fueling Speculation Of Deeper Interest Rate Cuts The Euro fell sharply to as low as 1.2610 before finding support as weak service sector and retail sales reports generated bearish sentiment. The Euro-Zone PMI measurement fell to 42.5 from the flash estimate of 43.3 and last months read of 45.8. • Japanese Yen: Finding Support at 92.80 •... [read more]

Euro Rallies from Bottom of Range

Wed, 03 Dec 2008 03:17:27 GMT

Euro Rallies from Bottom of Range; Where from Here?Euro / dollar resistance should be strong in the 1.28-1.30 zone. It is possible that a rally to there completes a triangle that began at the end of October. The next move would be lower, below 1.2330.One can make both a bullish and bearish argument for the euro / dollar going forward. From the bearish perspective, the euro / dollar could still... [read more]