United World Capital Forex Broker: October 2009

Thursday, October 29, 2009

UNITED WORLD CAPITAL Daily FX Report

After touching the first Pivot Resistance level at 0.9391, the AUD/CHF fell down with a break through the middle Pivot point at 0.9333 and the first support at 0.9253. Now the market trades on the 0.9200 support level from the end of the previous month, which is similar to the.... UWCFX
United World Capital Forex - Read More... [Source: Daily FX Report]

UNITED WORLD CAPITAL USD Lower, EU Economic Sentiment Improves

The USD and JPY trade lower as US equities are set to open higher ahead of today's release of US Q3 GDP, economic sentiment improves in the EU and German unemployment unexpectedly fell, UK mortgage approvals rise to an 18 month high, GBP trades at a six-week high versus EUR,.... UWCFX
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UNITED WORLD CAPITAL Minister wary of optimism at BoJ

Japan's minister of finance highlighted differences with the Bank of Japan over the state of the.... UWCFX
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Thursday, October 22, 2009

UNITED WORLD CAPITAL Battered dollar struggles to gain traction

The dollar was a touch weaker on Thursday, as it continued to trade around 14-month lows against the.... UWCFX
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Wednesday, October 21, 2009

UNITED WORLD CAPITAL The Next Forex Move

The answer to where the currency markets are, and where they could go, may be easier to see when weekly charts are compared against each of the major pairs, as well as against equity and commodity plays. Here is a comparison of where the current price action previous lead to..... UWCFX
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UNITED WORLD CAPITAL Eco Data 10/22/09

include('http://www.actionforex.com/resources/calendar/cal1.php?f=20091022');. UWCFX
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Tuesday, October 20, 2009

UNITED WORLD CAPITAL CFD Provider FXCM: New Lower Contract Sizes on Global Stock Indices, Oil and Gold

On 18 October 2009, FXCM LTD, in a continued effort to perfect the CFD product offering, reduced the.... UWCFX
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UNITED WORLD CAPITAL At times one can miss the forest for the trees

It is becoming rather clear that the US has embarked on an unofficial weak-dollar policy as it.... UWCFX
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Sunday, October 18, 2009

Forex Tricks and Tips

The potential for profit comes from the fluctuations in the currency exchange market.
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UNITED WORLD CAPITAL USD/JPY Weekly Outlook

USD/JPY's choppy rebound from 88.00 extended further to as high as 91.31 last week. Initial bias remains on the upside, and further rise might be seen to 38.2% retracement of 97.77 to 88.00 at 91.73 first and possibly further to 92.52 resistance. But after all, recent down trend is still.... UWCFX
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UNITED WORLD CAPITAL USD/CHF Weekly Outlook

USD/CHF dropped further to 1.0117 last week before recovering mildly. With an intraday low in place, initial bias remains neutral this week and some consolidations could be seen. Nevertheless, short term outlook will remain bearish as long as 1.0358 resistance holds and recent decline is still expected to extend further..... UWCFX
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UNITED WORLD CAPITAL Dollar May Gain on Stock Correction

The dollar rose against most major currencies on Friday as risk appetite moderated and stocks fell. US industrial production rose strongly, but consumer sentiment declined modestly. The S&P 500 index fell 8.88 points to 1,087.68 on disappointing earnings announcements from Bank of America and GE. The yen fell for a.... UWCFX
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UNITED WORLD CAPITAL Usd/Jpy: Elliott Wave set-up

On a weekly basis the U.S. dollar lower against the majors but not against the Jpy, which finished.... UWCFX
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Thursday, October 15, 2009

UNITED WORLD CAPITAL Forex VS Gambling

I got an email from a Gambling site the other day (wont mention their name), asking me whether Id.... UWCFX
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Wednesday, October 14, 2009

UNITED WORLD CAPITAL (FED) Minutes of the Federal Open Market Committee,September 22-23, 2009

The Manager of the System Open Market Account reported on recent developments in domestic and foreign financial markets. The Manager also reported on System open market operations in Treasury securities, agency debt, and agency mortgage-backed securities (MBS) since the Committee's August 11-12 meeting. By unanimous vote, the Committee ratified those.... UWCFX
United World Capital Forex - Read More... [Source: (FED) Minutes of the Federal Open Market Committee,September 22-23, 2009]

UNITED WORLD CAPITAL U.S. Market Update

In currencies, EUR/USD continued to linger around 1.4900 throughout the New York morning with dealers surmising a good offer is keeping the cross below the 1.4925 area for the time being. The dollar managed to hold a steady tone despite another round of earnings providing more fuel for the risk.... UWCFX
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Tuesday, October 13, 2009

UNITED WORLD CAPITAL USDJPY: Shooting Star Candle Halts Recovery

The pair reversed its intra day gains and closed lower on Monday printing a shooting star candle(top reversal signal). With that seen, a follow through lower now seen is expected to confirm the efficacy of that candle pattern suggesting lower prices towards the 88.00 level where an invalidation will turn.... UWCFX
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Monday, October 12, 2009

UNITED WORLD CAPITAL Mid-Day Report: Dollar Lower again on Strength in Equities and Crude Oil

Dollar in sharply lower today on the back of strength in stocks and crude oil. Following broad based rally in European equities, US stocks open higher with DOW soaring to new 2009 high and is set to take out 10,000 psychological level. On the other hand, crude oil also breaks.... UWCFX
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UNITED WORLD CAPITAL The Dollar Trade Deficit Canard!

Economics is a wonderfully confusing field of study. The debate on the US dollar proves once again the words economics and science should never be used in the same sentence. There is the prevailing wisdom side of the fence that says the US dollar must depreciate if its trade.... UWCFX
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UNITED WORLD CAPITAL Technical Summary: EUR Strengthens With Eyes On The 1.4844 Level

Technical Summary: EUR Strengthens With Eyes On The 1.4844 LevelEURUSD strengthened today taking.... UWCFX
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Sunday, October 11, 2009

UNITED WORLD CAPITAL Record Low Manufacturing Pushes Pound Down

The pound was once again hit by negative domestic data which forced the British currency down versus the euro, Swiss franc as manufacturing in the country declined to the lowest level in more than a decade, raising concerns about the British economic future.(...)Read the rest of Record Low Manufacturing Pushes Pound Down (150 words)Posted on Forex News.. UWCFX
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UNITED WORLD CAPITAL Canadian Dollar Hits Record High on Economic Outlook

Speculations suggesting that the world economic conditions will improve faster than previously imagined, helped stocks and commodities to rally today, consequently helping the Canadian dollar to grow versus its U.S. counterpart.(...)Read the rest of Canadian Dollar Hits Record High on Economic Outlook (64 words)Posted on Forex News.. UWCFX
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UNITED WORLD CAPITAL Yen Climbs on Finance Minister Statements

The yen managed to climb versus several main traded currencies and hit the highest level versus the U.S. dollar after Japanese policy makers affirmed that a strong currency will not impact the country’s economy negatively.(...)Read the rest of Yen Climbs on Finance Minister Statements (172 words)Posted on Forex News.. UWCFX
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UNITED WORLD CAPITAL Weekly Market Wrap

Currency markets navigated rising risk appetite, central bank smoothing operations and verbal intervention from a variety of government officials and corporate names this week. The greenback remained on the defensive, with dollar weakness driven by the RBA's rate hike and strength in precious metals, especially gold, which pushed out to.... UWCFX
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Thursday, October 8, 2009

UNITED WORLD CAPITAL US deficit 'hits record $1.4tn'

The US budget deficit hit a record $1.4 trillion (�877bn) in the year to 30 September, US Congress.... UWCFX
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Wednesday, October 7, 2009

UNITED WORLD CAPITAL U.S. Office Vacancies Reach Five-Year High of 16.5%, Reis Says

U.S. office vacancies rose to a five- year high in the third quarter, as job losses deepened and.... UWCFX
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UNITED WORLD CAPITAL USD Rebounds on Profit-Taking and Oversold Technicals

USD posted a modest rebound Wednesday as profit-taking emerged after the JPY rallied to a 9 month high and AUD traded at a fresh 14 month high. The rebound in the USD is attributed to comments from IMF officials that they do not see a reason for a shift out.... UWCFX
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Sunday, October 4, 2009

UNITED WORLD CAPITAL FX Briefing: Doubts about Upswing Scenario

This week the dollar showed strength again. The losses of the past weeks were partly corrected as equity markets weakened and a more cautious assessment of the chances for an economic recovery diminished risk appetite. During the week, EUR-USD dropped close to 1.45 and most other European currencies showed similar.... UWCFX
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UNITED WORLD CAPITAL Weekly Technical Strategist: EURUSD

EURUSD: Evening Star Candle Set To Trigger Further Correction EURUSD- EUR put in a weekly lower.... UWCFX
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Thursday, October 1, 2009

UNITED WORLD CAPITAL Japan Unemployment Rate 5.5% In August

The unemployment rate in Japan came down in August from a record high, the Ministry of Internal.... UWCFX
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