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| Thursday, November 20, 2008 | Tokyo 05:38 | Mumbai 01:13 | Dubai 23:43 | London 19:38 | New York 14:38 |
24 Hour Online Currency Trading
| RK's Trading Calls:Weekly:Sample | ||
| EURO/USD | From | To |
| Resistance 2 | 1.3800 | 1.3825 |
| Resistance 1 | 1.3700 | 1.3725 |
| Support 1 | 1.3575 | 1.3600 |
| Support 2 | 1.3475 | 1.3500 |
Forex Market Dynamics
- USD 2 Trillion Daily Volumes estimated across the globe
- 24Hours-a-Day Forex Trading
- The Largest and Most Liguid financial market in the world
- Governments, Central Banks, large banks, pension funds, multinational corporations, investment firms are the major market participants
- London, New York, Tokyo, Singapore, Frankfurt, Geneva & Zurich, Paris and Hong Kong are important trading centres
- Over-the-Counter Market
- The Most Competitve Market
EUR/USD Weekly
Your Account Advantages
- Standard A/c Opening: $5000
- Mini A/c Opening: USD 2'000
- Institutional A/c : $50'000
- Attractive Spreads on Major Currency Pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF*
- 1% Margin or 100:1 Leverage
- "What You Click is What You Get" unique price execution
- 1 Account with 3 Access Points: Web, Download and Mobile Phone
- No RFQ - Request for Quote
- No Slippage, Guaranted Fills
- Trade 27 Currency Pairs
- Trade Spot Gold & Silver
Business News Headlines
- Overview: US jobless figures spark stampede for safety
- Fear stalks big economies
- Wall Street recovers after early plunges
- FTSE sinks below 4,000
- Fresh fears over Asia's sliding currencies
- Emerging markets hit by flight from risk
- Swiss franc sinks after rate surprise
- Opec disarray as oil sinks below $50
FOREX News Headlines
- Swiss franc sinks after rate surprise
- Bank of England discussed 200bp rate cut
- Fresh fears over Asia's sliding currencies
- View of the Day: Dollar rally over?
- UK inflation falls for first time in 15 months
- Moody's lowers Citic Group rating
- More troubles emerge among derivatives
- View of the Day: UK recession
World News Headlines
- Shipping groups avoid Suez over fears of piracy
- Opec disarray as oil sinks below $50
- Turkey nears new IMF agreement
- Iceland secures $5.1bn bail-out
- EU urges action to exploit Arctic oil and gas
- Sarkozy launches a new rescue fund
- Ministers alarmed at BBC local news plans
- Russian market reformer dies at 50
Let Us Learn
PIP is "Percentage in Point". It is a measure of currency
price movement in terms of the smallest unit used in forex trading. For example, the
change in exchange rate of currency pair EUR/USD from 1.3800 to 1.3825 means that
the exchange rate of the currency pair EUR/USD moved 25 pips or points. Exchange quotes
for currency pairs are given with four decimal places, except Japanese Yen with 2
decimals - (EURUSD: 1.3810-1.3815) and (USDJPY: 121.25-121.30).
Technical Indicators
Fibonacci Numbers are named after Leonardo Fibonacci
of Pisa, an Italian mathematician, who is supposed to have invented numerical series.
It is one of the popular technical indicators used in the technical analysis. In mathematics,
the Fibonacci numbers form a certain numeric sequence. After two starting values,
the sum of the two preceding numbers is the next number: 0, 1, 1, 2, 3, 5, 8, 13,
21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711 ..and
so on.
Know A Currency
Euro is official currency of the Eurozone. Having currency
sign "€" and banking code "EUR", Euro is the single currency for more than 317 million
Europeans. Approximately 480 million people are affected by Euro worldwide, including
euro-pegged currencies. Official Euro User Countries: Austria, Belgium, Finland, France,
Germany, Greece, Ireland, Italy, Luxembourg, Monaco, the Netherlands, Portugal, San
Marino, Slovenia, Spain and Vatican City.
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