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Friday, December 16, 2011

That's it for 2011

Well that's it, I'm done for 2011

The last year has been great for me especially since September when I really intensified my efforts.

I hope that you had the same and wish you and those close to you a Merry Christmas and a very prosperous New Year.

Will start posting again in January.

Cheers
Chris Wigget

Wednesday, December 14, 2011

Daily forex signals - 14 December 2011

Reversal signals
AUDJPY
Buy above 79.65
Stoploss 78.05

EURUSD
Buy above 1.33811
Stoploss 1.30339

USDCHF
Sell below 0.91871
Stoploss 0.94533

USDJPY
Buy above 78.063
Stoploss 77.099

USDZAR
Sell below 8.0358
Stoploss 8.3386

Open positions
AUDJPY
Stoploss 79.65
Trailing stop 77
Take profit 77.42

USDJPY
Stoploss 78.063
Trailing stop 243
Take profit 76.914

USDZAR
Stoploss 8.0358
Trailing stop 1647
Take profit 8.4901

Tuesday, December 13, 2011

Daily forex signals - 13 December 2011

Reversal signals
AUDJPY
Buy above 79.98
Stoposs 77.83

EURUSD
Buy above 1.34332
Stoploss 1.31448

USDCHF
Sell below 0.91359
Stoploss 0.93668

USDJPY
Buy above 78.112
Stoploss 77.099

USDZAR
Sell below 8.0189
Stoploss 8.3416

Open positions
AUDJPY
Stoploss 79.98
TRailing stop 102
Take profit 77.34

USDCHF
Stoploss 0.91359
Trailing stop 1070
Take profit 0.94304

USDJPY
Stoploss 78.112
Trailing stop 360
Take profit 76.961

USDZAR
Stoploss 8.0189
Trailing stop 2072
Take profit 8.4714

Monday, December 12, 2011

Daily forex signals - 12 December 2011

Reversal signals
 AUDJPY
Buy above 80.19
Stoploss 77.83

 EURUSD
Buy above 1.34705
Stoploss 1.32638

 USDCHF
Sell below 0.91080
Stoploss 0.92713

 USDJPY
Buy above 78.164
Stoploss 77.099

 USDZAR
Sell below 7.9859
Stoploss 8.3416

 Open positions
AUDJPY
Stoploss 80.19
Trailing stop 94
Take profit 77.46

 USDZAR
Stoploss 7,9859
Trailing stop 1769
Take profit 8.3376

 USDCHF
Stoploss 0.91080
Trailing stop 880
Take profit 0.93579

 EURUSD
Stoploss 1.34705
Trailing stop 1260
Take profit 1.32130

 USDJPY
Stoploss 78.164
Trailing stop 352
Take profit 76.973

Friday, December 9, 2011

Daily forex signals - 9 December 2011

Reveral signals
AUDJPY
Buy above 80.52
Stoploss 78.61

EURUSD
Buy above 1.35039
Stoploss 1.33321

USDCHF
Sell below 0.90981
Stoploss 0.93055

USDJPY
Buy above 78.219
Stoploss 77.620

USDZAR Sell below 7.9492
Stoploss 8.3906

Open positions
AUDJPY - Short
Stoploss 80.28
Trailing stop 91
Take profit 77.50

EURUSD - Short
Stoploss - 1.35039
Trailing stop 1330
Take profit 1.32025

USDCHF - Long
Stoploss 0.90981
Trailing stop 940
Take profit 0.94109

USDJPY - Short
Stoploss 78.219
Trailing stop 371
Take profit 76.944

USDZAR - Long
Stoploss 7.9492
Trailing stop 1533
Take profit 8.3906

Thursday, December 8, 2011

Reversal signals
AUDJPY
Sell below 78.87
Stoploss 79.95

EURUSD
Buy above 1.35279
Stoploss 1.33321

USDCHF
Sell below 0.90877
Stoploss 0.93055

USDJPY
Sell below 77.501
Stoploss 78.320

USDZAR
Buy above 8.1607
Stoploss 7.9567

Open positions
EURUSD - Short
Stoploss 1.35279
Trailing stop 1200
Take profit 1.32820

USDCHF - Long
Stoploss 0.90877
Trailing stop 960
Take profit 0.93659

USDJPY - Long
Stoploss 77.501
Trailing stop 3036
Take profit 78.178

Wednesday, December 7, 2011

Daily forex signals - 7 December 2011

Reversal signals
AUDJPY
Sell below 78.46
Stoploss 79.95

USDZAR
Buy above 8.2136
Stoploss 8.0200

Open positions
EURUSD - Short
Stoploss 1.35382
Trailing stop 1540
Take profit 1.31710

USDCHF - Long
Stoploss 0.90767
Trailing stop 0.94514
Take profit 0.94514

USDJPY - Long
Stoploss 77.415
Trailing stop 443
Take profit 78.539

Tuesday, December 6, 2011

Further forex signals - 6/12

Buy USDCHF at 0.92699 Sell EURUSD at 1.34020

Daily forex signals - 6 December 2011


Reversal signals
AUDJPY
Sell below 77.95
Stoploss 79.95

USDZAR
Buy above 8.2777
Stoploss 8.0200

Open positions
EURUSD - Long
Stoploss 1.33393
Trailing stop 1660
Take profit 1.36648

USDJPY - Long
Stoploss 77.319
Trailing stop 531
Take profit 78.670

USDCHF - Short
Stoploss 0.92413
Trailing stop 1220
Take profit 0.89922

Monday, December 5, 2011

(BN) Euro Gains as France, Germany Call for Updated Regional Treaty

Bloomberg News, sent from my Android phone

Dec. 5 (Bloomberg) -- The euro advanced, extending last
week's gains versus the dollar and yen, after France and Germany
said they want a rewrite of the European Union's governing
treaties to tighten economic cooperation in the region.



The 17-nation currency was supported as Italy's cabinet
approved a deficit-cut plan, easing concern the region's debt
crisis in worsening. Sterling strengthened as an index of U.K.
services unexpectedly gained and U.S. services expanded in
November at the slowest pace since January 2010. The yen and
dollar weakened as stocks advanced.



"It looks like German Chancellor Angela Merkel's way is
the right direction, but we will see if the market can wait long
enough for them to actually make any change," said Mamoru Arai,
foreign exchange manager at Mizuho Financial Group Inc. in New
York. "The trade to sell dollars and buy euro on this is still
OK."



The euro rose 0.5 percent to $1.3457 at 12:44 p.m. New York
time after gaining 1.2 percent last week. The shared currency
climbed 0.2 percent to 104.68 yen. The dollar weakened 0.3
percent to 77.78 yen.



Merkel met French President Nicolas Sarkozy in Paris today
to work on a plan for stricter enforcement of the region's
deficit rules. European Union leaders will hold a summit in
Brussels Dec. 9.



"Our decisions were to craft new rules to avoid a repeat"
of the crisis, Sarkozy said after the two met during lunch at
Sarkozy's Elysee palace. "This could be a new treaty signed by
the 27 or at the level of the 17, and with whatever other
country wants to join."



Common Goal



Italian Prime Minister Mario Monti announced 30 billion
euros ($40.3 billion) of austerity and growth measures
yesterday. The premier will present the package, which includes
a tax on luxury goods, resurrects a property levy on first
homes, and forces many workers to delay retirement.



"Policy makers working together rather than working
against each other," may underpin the euro, said Adam Cole,
global head of foreign-exchange strategy at RBC Europe Ltd. in
London. "This may be a positive development" for the common
currency."



The Standard & Poor's 500 Index gained 1.7 percent and the
S&P GSCI Index of 24 raw materials rose 0.5 percent.



The yen fell 0.3 percent against nine developed nation
currencies, according to Bloomberg Correlation-Weighted Indexes.
The dollar declined 0.6 percent.



The Japanese currency may weaken toward 79.36 versus the
dollar should it remain above support levels indicated by
ichimoku cloud analysis, Commerzbank AG said.



Dollar Declines



"The market remains underpinned by cloud support at 76.76
and 76.47," Karen Jones, head of fixed-income, commodity and
currency technical analysis at Commerzbank in London, wrote in
an e-mailed report today. "We look for these supports to hold
the downside and while above here, the market will remain well-
placed for a retest of the four-year downtrend at 79.36."



The Dollar Index fell 0.5 percent to 78.297. The gauge,
which tracks the greenback against six major trading partners,
is weighted 57.6 percent to the euro.



At its meeting on Dec. 8, the ECB will cut its benchmark
interest rate to 1 percent from 1.25 percent, according to the
median estimate of economists surveyed by Bloomberg News.



Bank of Canada Governor Mark Carney will be the only
central bank leader in the Group of 10 countries to raise
interest rates next year, according to forecasts compiled by
Bloomberg News. Inflation has exceeded the bank's 2 percent
target for 11 months as the economy grows at double the pace of
the Group of Seven nations.



Canada's dollar rose 0.6 percent to C$1.0138 per U.S.
dollar. The currency is turning into a haven for foreign-
exchange investors shunning European turmoil and seeking the
safety of the U.S. without the budget deficits or political
gridlock.



Peso Performs



Mexico's peso was the best performer against the dollar
after the nation's central bank started to auction $400 million
of reserves last week. The move was to provide liquidity and
arrest a slide in the currency, that's made it the worst
performer in Latin America this year, according to an e-mailed
statement from the nation's Currency Exchange Commission on Nov.
29.



The peso rose 1.1 percent to 13.4841 per dollar.



The pound strengthened against the dollar, snapping a two-
day decline. It rose 0.5 percent to $1.5674.



A gauge of services activity based on a survey of
purchasing managers rose to 52.1 from 51.3 in October, according
to Markit Economics and the Chartered Institute of Purchasing
and Supply. In the U.S. the Institute for Supply Management's
non-manufacturing index unexpectedly fell to 52 last month from
52.9 in October, the Tempe, Arizona based-group said today.



To contact the reporters on this story:
Keith Jenkins in London at
Kjenkins3@bloomberg.net ;
Allison Bennett in New York at
abennett23@bloomberg.net



To contact the editor responsible for this story:
Dave Liedtka at
dliedtka@bloomberg.net



Find out more about Bloomberg for Android: http://m.bloomberg.com/android




Sent from Samsung tablet

Euro - this could be at big week

Daily forex signals - 5 December 2011

Reversal signals
AUDJPY
Sell below 77.30
Stoploss 79.95

USDZAR
Buy above 8.3579
Stoploss 8.0200

Open positions
EURUSD - Long
Stoploss 1.33023
Trailing stop 1770
Take profit 1.36813

USDCHF - Short
Stoploss 0.92507
Trailing stop 1350
Take profit 0.89727

USDJPY - Long
Stoploss 77.213
Trailing stop 606
Take profit 78.783

Sunday, December 4, 2011

(BN) Canadian Dollar Rallies Most in 6 Weeks on Central-Bank Steps

Bloomberg News, sent from my Android phone

Dec. 3 (Bloomberg) -- Canada's dollar staged its biggest
five-day rally since October after central banks including the
Bank of Canada took steps this week to make it cheaper for
lenders to borrow dollars during emergencies.



The Canadian dollar touched a two-week high yesterday as
speculation about a possible European lending plan involving the
International Monetary Fund buoyed demand for higher-yielding
assets. Bank of Canada Governor Mark Carney is forecast to keep
his key interest rate at 1 percent on Dec. 6, three days before
European Union leaders meet in Brussels to discuss proposals
aimed at progressing toward fiscal union.



"What is going on in Canada is pretty much irrelevant in
the context of what will go on in Europe next week," Shaun
Osborne, chief foreign-exchange strategist at Toronto-Dominion
Bank in Toronto, said in a telephone interview yesterday. "No
one expects rates to budge for quite some time. People will move
on pretty quickly and refocus on Europe. The big day is Friday,
when everyone is waiting for a rabbit to be pulled out of the
hat."



The loonie, as the currency is also known for the image of
the aquatic bird on the C$1 coin, gained 2.6 percent this week
to C$1.0195 per U.S. dollar in Toronto, its biggest weekly climb
since Oct 14. Canada's dollar, the world's seventh-most-traded
currency, declined 1.6 percent in November. One Canadian dollar
buys 98.09 U.S. cents.



Riskier Assets Soar



Stocks and riskier assets such as commodities soared Dec. 1
after central banks led by the Federal Reserve agreed to cut the
premium banks pay to borrow dollars overnight from central banks
by half a percentage point to 50 basis points. A basis point is
equal to 0.01 percentage point. The so-called dollar swap lines
will be extended by six months to Feb. 1, 2013. The European
Central Bank and its counterparts from Switzerland, Japan and
the U.K. were also part of the coordinated response.



"Broad European market concerns are still there; they have
just been sidelined for now by the intervention," Abdullah
Karatash, head of U.S. fixed-income credit trading at Natixis SA
in New York, said yesterday in a note to clients.



Canadian government bonds fell this week, pushing the
benchmark 10-year yield up two basis points to 2.12 percent. It
decreased to a record low 1.99 percent on Oct. 4. The price of
the 3.25 percent securities maturing in June 2021 declined 21
cents to C$109.73.



Carney will probably leave the overnight policy rate at 1
percent on Dec. 6, according to a Bloomberg survey of 21
economists. Carney said in Montreal Nov. 23 that he can be
flexible in curbing inflation back to the bank's 2 percent
target.



Interest Rates



Economists predicted no changes to Canadian interest rates
until October 2012 at the earliest, even with inflation having
exceeded 2 percent for 11 straight months. The Fed has pledged
to hold rates steady until at least mid-2013, while the ECB cut
borrowing costs this month.



Canadian employment unexpectedly fell for a second month in
November, the first time since the 2009 recession that the
economy registered back-to-back job losses.



Payrolls fell by a net 18,600 last month, following
October's 54,000 drop that was the largest since February 2009,
Statistics Canada said yesterday in Ottawa. The unemployment
rate also rose for a second month, to 7.4 percent from 7.3
percent. None of the 23 economists surveyed by Bloomberg
predicted a job loss, and the median estimate was for the
unemployment rate to be unchanged.



European Meeting



European leaders will meet in Brussels on Dec. 9 in an
attempt to contain a debt crisis that drove yields on Spanish
and Italian debt to euro-era records last month. A European
proposal to channel central-bank loans through the IMF may
deliver as much as 200 billion euros ($270 billion) to fight the
debt crisis, two people familiar with the negotiations said
yesterday.



"A lot has been dropped on the shoulders of EU policy
makers in terms of expectations," Stewart Hall, senior currency
strategist at Royal Bank of Canada, said in a telephone
interview yesterday from Toronto. "The problem is that the
markets are very much focused on the quick fix when European
problems don't lend themselves to that quick fix."



French President Nicolas Sarkozy said Nov. 30 the euro area
must converge economically, and German Chancellor Angela Merkel
said yesterday the bloc needs a fiscal union, boosting optimism
the two are nearing an agreement.



"The market wants to see euro bonds and the European
Central Bank positioning itself as the funder of last resort,
and anything that doesn't involve those two components is going
to fall pretty flat in terms of market response," Hall said.
"Unfortunately, this is a multi-decade process."



The loonie has strengthened 1.4 percent in the past month,
according to Bloomberg Correlation-Weighted Currency Indexes, a
gauge of 10 developed-nation currencies. The greenback and yen
each has gained 2.1 percent.



To contact the reporter for this story:
Frederic Tomesco in Montreal at
tomesco@bloomberg.net



To contact the editor responsible for this story:
Dave Liedtka at dliedtka@bloomberg.net



Find out more about Bloomberg for Android: http://m.bloomberg.com/android




Sent from Samsung tablet

CNN - Businesses plan for possible end of euro

http://www.cnn.com/2011/11/30/business/euro-businesses-end/index.html




Sent from Samsung tablet

Saturday, December 3, 2011

(BN) Euro Gains First Time Since October Before Summit; Dollar Drops

Bloomberg News, sent from my Android phone

Dec. 3 (Bloomberg) -- The euro advanced for the first time
in five weeks against the dollar as six central banks including
the Federal Reserve acted to make more funds available to
lenders to keep Europe's debt crisis from deepening.



Gains in the shared currency were tempered by concern a
summit of European leaders next week won't be able to stem the
two-year-old crisis that began in Greece. South Africa's rand
was the best performer among the dollar's 16 most-traded peers
as stocks and commodities rebounded from two weeks of losses.
The greenback and the yen were the biggest losers as demand for
safety faded.



"The overall hope is that by Friday we'll be able to get a
lot more financial monetary stimulus and a comprehensive plan to
save Europe," Richard Franulovich, a senior currency strategist
at Westpac Banking Corp. in New York, said yesterday. "You have
a huge week next week."



The euro rose 1.2 percent to $1.3391 yesterday, its first
weekly gain since the five days ended Oct. 28. It advanced from
a seven-week low of $1.3212 that was reached Nov. 25 as
investors avoided risk. The 17-nation currency was strengthened
1.5 percent versus the yen to 104.43 in its first weekly advance
since Nov. 4. The dollar gained for a second week against the
yen, rising 0.3 percent to 77.90 yen.



South Africa's rand appreciated 6.2 percent to 8.0437 in
its biggest weekly gain since February 2009.



Franc Weakens



The Swiss franc declined versus the euro as Switzerland
said it may consider additional steps to support the central
bank in its fight to curb the currency's gains. The franc
slipped 0.2 percent to 1.2342 per euro.



The cost for European banks to fund in dollars shrank from
the most expensive since 2008 after the central banks said Nov.
30 they'd cut the rate on dollar liquidity swap lines.



The three-month cross-currency basis swap, the rate banks
pay to convert euro payments into dollars, fell to as low as
1.19 percentage points below the euro interbank offered rate on
Dec. 1. It touched 1.63 percentage points on Nov. 30.



The central banks, including the ECB and Bank of Japan,
agreed to reduce their rate to the dollar overnight index swap
rate plus 50 basis points, or half a percentage point, from 100
basis points, the Fed said in a statement.



"It doesn't solve all of the euro zone's problems, but it
reduces some of the financial-system concern," Greg Anderson, a
currency strategist at Citigroup Inc. in New York, said Nov. 30.



Loans Through IMF



The euro reached $1.3548 yesterday, the strongest intraday
level since Nov. 22, on optimism European central banks may
funnel loans through the International Monetary Fund to fight
the debt crisis. Two people familiar with the negotiations said
the region's finance ministers gave the go-ahead for work on the
IMF plan at a Nov. 29 meeting. The proposal could deliver up to
200 billion euros to fight the debt crisis, said the people, who
declined to be named because talks are at an early stage.



European Union leaders meet Dec. 9 in Brussels to address
the euro region's debt crisis.



"We are now entering the critical period of 10 days to
complete the crisis response," EU Economic and Monetary Affairs
Commissioner Olli Rehn told reporters in Brussels on Nov. 30.
"It's very important that we at this juncture reinforce our
financial firewalls" to "reduce market turbulence," he said.



Futures traders increased bets the euro will fall against
the dollar, data from the Washington-based Commodity Futures
Trading Commission show. So-called net-short wagers rose to
104,302 in the week ended Nov. 29, the most since June 2010.



China's Bank Move



The dollar and the yen slid on Nov. 30 as China, in a move
to encourage growth, cut the amount of cash banks must set aside
as reserves for the first time since 2008, damping safety
demand. The People's Bank of China said reserve ratios will
decline by 50 basis points effective Dec. 5. That may add 350
billion yuan ($55 billion) to the nation's financial system,
according to UBS AG.



Australia's dollar climbed 5.2 percent this week to $1.0215
as the Standard & Poor's 500 Index of stocks gained 7.4 percent
and the S&P GSCI index of 24 raw materials rose 3.5 percent.
Neither gauge had posted a weekly gain since Nov. 11.



"All the developments built upon each other," Eric
Viloria, senior currency strategist for Gain Capital Group LLC
in New York said Nov. 30. "You have China's ratio cut, which
was supportive of risk, you had lower swap rates, which was
extremely supportive, so you saw big spikes in commodity
currencies."



The Dollar Index, which IntercontinentalExchange Inc. uses
to track the greenback against the currencies of six major U.S.
trading partners, weakened 1.2 percent to 78.683.



Action by Japan



Japan's currency fell yesterday versus most major peers as
Finance Minister Jun Azumi said he'll take action on speculative
currency moves. Japan sold 9.09 trillion yen ($116.5 billion) in
the currency market from Oct. 28 to Nov. 28, the Ministry of
Finance said on its website, to stem yen appreciation.



The yen advanced 2.14 percent over the past month in the
best performance against nine developed-market peers measured by
Bloomberg Correlation-Weighted Currency Indexes. The dollar rose
2.05 percent, and the euro declined 0.88 percent.



To contact the reporters on this story:
Catarina Saraiva in New York at
asaraiva5@bloomberg.net ;
Allison Bennett in New York at
abennett23@bloomberg.net



To contact the editor responsible for this story:
Dave Liedtka at
dliedtka@bloomberg.net



Find out more about Bloomberg for Android: http://m.bloomberg.com/android




Sent from Samsung tablet

Friday, December 2, 2011

Daily forex signals 2 December 2011

Reversal signals
AUDJPY
Sell below 76.50
Stoploss 80.06

USDZAR
Buy above 8.4559
Stoploss 8.0744

Open positions
EURUSD - Long
Stoploss 1.32588
Trailing stop 1680
Take profit 1.36678

USDCHF - Short
Stoploss 0.92713
Trailing stop 1370
Take profit 0.89697

USDJPY - Long
Stoploss 77.095
Trailing stop 665
Take profit 78.871

Thursday, December 1, 2011

Daily forex signals - 1 December 2011

Reversal signals
AUDJPY
Sell below 75.88
Stoploss 80.06

USDZAR
Buy above 8.4899
Stoploss 8.0976

Open positions
EURUSD - Long
Stoploss 1.32542
Trailing stop 1661
Take profit 1.36648

USDCHF - Short
Stoploss 0.92942
Trailing stop 1250
Take profit 0.89877

USDJPY - Long
Stoploss 76.963
Trailing stop 664
Take profit 78.869

Wednesday, November 30, 2011

Daily forex signals - 30 November 2011

Reversal signals
AUDJPY
Sell below 75.14
Stoploss 78.47

Open positions
EURUSD - Long
Stoploss - 1.32232
Trailing stop - 1530
Take profit - 1.36453

USDCHF - Short
Stoploss - 0.93197
Trailing stop - 1050
Take profit - 0.90177

USDJPY - Long
Stoploss - 76.817
Trailing stop - 622
Take profit - 78.808

USDZAR - Short
Stoploss - 8.5622
Trailing stop - 1767
Take profit - 8.1111

Tuesday, November 29, 2011

(BN) Stocks, Oil Advance on Confidence Data; Treasuries Fluctuate



Bloomberg News, sent from my Android phone

Nov. 29 (Bloomberg) -- Stocks and commodities rose for a second day as U.S. consumer confidence increased by the most since 2003 and European finance ministers discussed efforts to tame the region's debt crisis. Treasuries pared losses.

The Standard & Poor's 500 Index added 0.6 percent to 1,199.76 at 3:14 p.m. in New York after rallying 0.9 percent earlier. The Stoxx Europe 600 Index rose 0.8 percent. The euro climbed 0.1 percent $1.3326 after earlier erasing a gain of as much as 0.9 percent. The S&P GSCI gauge of 24 commodities advanced 1.4 percent as oil approached $100 a barrel. Ten-year U.S. Treasury yields rose two basis points to 2 percent.

U.S. equities added to yesterday's rally after the Conference Board's sentiment gauge climbed to 56 from a revised 40.9 in October as consumers grew more optimistic about jobs and income prospects. Europe's effort to expand its bailout fund to 1 trillion euros ($1.3 trillion) is falling short and finance ministers tonight will discuss channeling European Central Bank loans to struggling nations through the International Monetary Fund.

"The economic reports have shown that the U.S. has been insulated from all the noise coming out of Europe," Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, said in a telephone interview. His firm oversees $550 billion. "Consumers are not really bothered by that, at least not yet."

Rally Extended

The S&P 500 snapped a seven-day slump yesterday, rallying 2.9 percent for its largest gain in a month, after Thanksgiving- weekend retail sales rose to a record and speculation grew that European leaders would increase efforts to fight the region's debt crisis.

Today's gains were led by energy, telephone, utility and consumer staples companies. Hewlett-Packard Co., Home Depot Inc. and Exxon Mobil Corp. climbed at least 1.7 percent to pace gains in the Dow Jones Industrial Average.

Shares of smaller companies slipped after surging yesterday. The Russell 200 Index, which climbed 4.8 percent in the prior session, declined 0.4 percent today.

AMR Corp., the parent of American Airlines, tumbled 77 percent after filing for bankruptcy as it failed to secure cost- cutting labor agreements. Corning Inc., the world's largest maker of glass for flat-panel televisions, plunged 13 percent to lead a drop in technology shares after cutting its fourth- quarter earnings forecast because of the loss of a contract and lower glass prices.

Confidence Beats

The reading of 56 in the Conference Board's confidence gauge topped the most optimistic economist forecast in a Bloomberg survey and compared with the median estimate of 44. The report was the third-strongest relative to expectations since at least 1999, Bespoke Investment Group LLC said in a note to clients today, and the S&P 500 has rallied on average 1.3 percent on days when the number beat the consensus forecast by 10 or more.

"What it may indicate is that the U.S. equity market has made its low for 2011 since major lows in the equity market do often coincide with lows in consumer confidence," Michael Shaoul, chairman of Marketfield Asset Management in New York, said in a note to clients.

The Dollar Index, which tracks the U.S. currency against those of six trading partners, declined 0.3 percent. The S&P GSCI index extended yesterday's 1.4 percent rally as wheat and natural gas climbed more than 2.9 percent to lead gains in 17 of 24 commodities.

Yellen, Lockhart

Federal Reserve Vice Chairman Janet Yellen said the central bank has leeway to spur the U.S. recovery and reduce unemployment by purchasing more assets and clarifying its plan to sustain record-low borrowing costs. Fed Bank of Atlanta President Dennis Lockhart said expanding securities purchases is unlikely to give a sufficient boost to U.S. growth, without ruling out the strategy or other easing options.

Oil climbed 1.6 percent to $99.78 and earlier topped $100 a barrel in New York as Iranian protesters broke into and vandalized the British Embassy's compound in Tehran.

Among European stocks, Remy Cointreau jumped 2.9 percent after France's second-biggest distiller predicted "a substantial increase" in full-year earnings. BASF SE and K+S AG pulled a gauge of chemical makers higher, rising more than 2 percent. IG Group Holdings Plc rallied 9.3 percent, the most since 2010.

Italy Auction

Italy was again forced to pay above the 7 percent threshold that led Greece, Portugal and Ireland to seek bailouts when it sold 7.5 billion euros ($10.1 billion) in bonds today, short of the maximum target for the auction.

Italy sold 3.5 billion euros in three-year debt, 2.5 billion euros of 2022 bonds and 1.5 billion euros in 2020 bonds, just shy of the top range of 8 billion euros for the sale. The 2014 note yielded 7.89 percent, the highest since September 1996 for a three-year bond and up from 4.93 percent when similar- maturity debt was sold last month. Demand for the 2014 bond was 1.5 times the amount sold and the bid-to-cover for the 2022 bond was 1.34 times, both higher than Oct. 28 auctions.

"High yields are not a real surprise, given the recent developments in Italian yields," Annalisa Piazza, a strategist at Newedge Group in London, wrote in a report. "Bid-cover was higher than at the previous auction at the end of October as very cheap valuations might have attracted some interest."

The yield on Italian 10-year bonds increased less than one basis point to 7.24 percent after rising as high as 7.38 percent, while two-year yields slipped one basis point to 7.10 percent after increasing to as high as 7.37 percent earlier.

German 10-year bund yields increased three basis points to 2.33 percent, while yields on U.K. and French 10-year debt decreased. U.S. 30-year bond yields rose three points to 2.96 percent after earlier dropping below German counterparts for the first time since 2009.

IMF Role

Finance ministers tonight will hold an initial discussion on channeling ECB loans to cash-strapped euro nations through the International Monetary Fund, aiming to bring the central bank onto the front lines without violating its ban on direct lending to governments, said people familiar with the situation, who declined to be identified because the talks are at an early stage.

Luxembourg Finance Minister Luc Frieden said the European Financial Stability Facility alone won't be able to solve the euro region's debt crisis. The EFSF will need help from the IMF and the European Central bank, Frieden told reporters in Brussels today before a meeting of euro area finance chiefs.

The cost for European banks to fund in dollars rose to the highest level since October 2008 for a fifth day. The three- month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, was 158 basis points below the euro interbank offered rate, from minus 149 basis points yesterday. The gap has widened from as little as minus 8 basis points on May 4.

The MSCI Emerging Markets Index climbed 1 percent. Benchmark gauges for China, South Korea, Taiwan and Indonesia gained more than 1 percent, while indexes in Russia and India dropped. Egypt's EGX-30 Index jumped 5.5 percent, the most since 2009 on a closing basis, after a peaceful first day of parliamentary elections.

----With assistance from Adria Cimino in Paris, Will Hadfield and Daniel Tilles in London. Editor: Michael P. Regan

To contact the reporters on this story: Michael P. Regan in New York at mregan12@bloomberg.net ; Rita Nazareth in Sao Paulo at rnazareth@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

Find out more about Bloomberg for Android: http://m.bloomberg.com/androidSent from Samsung Mobile

Daily forex signals - 29 November 2011

AUDJPY - Open position - Long
Take profit @ 77.92
Trailing stoploss @ 1.18

EURUSD - Long
Buy above 1.34158
Stoploss 1.32060

USDCHF - Short
Sell below 0.91752
Stoploss 0.93216

USDJPY - Open position - Long
Take profit 78.757
Stoploss 76.655
Trailing stop .589

USDZAR - Open position short
Take profit 8.0963
Stoploss 8.5959
Trailing stop 0.1866

Sunday, October 16, 2011

Daily forex signals 17 October 2011

Open positions 

USDCHF ; Close position
USDZAR ; Stoploss @ 7.9853, take profit @ 7.7875

Reversal signals 
AUDJPY ; Sell below 76.47, stoploss @ 79.60
EURUSD ; Sell below 1.35905, stoploss @ 1.38674
USDCHF ; Buy above 0.91678, stoploss @ 0.88766
USDJPY ; Sell below 76.422, stoploss @ 77.435

Wednesday, October 12, 2011

Daily forex signals - 13 October 2011

Current positions
USDCHF ; Stoploss @ 0.92100, take profit @ 0.88701
USDZAR ; Stoploss @ 8.0885, take profit @ 7.6888

Reversal signals
AUDJPY ; Sell below 74.78, stoploss @ 78.45
EURUSD ; Sell below 1.34352, stoploss @ 1.37880
USDJPY ; Sell below 76.308, stoploss @ 77.245

Daily forex signals - 12 October 2011

Current positions
USDCHF ; Stoploss @ 0.92993, take profit @ 0.86960
USDZAR ; Stoploss @ 8.1560, take profit @ 7.6222

Reversal signals
AUDJPY ; Sell below 73.73, stoploss @ 76.57
EURUSD ; Sell below 1.3335, stoploss @ 1.36412
USDJPY ; Sell below 76.569, stoploss @ 77.269

Monday, October 10, 2011

Daily forex signals - 11 October 2011

Current positions
USDCHF ; Stoploss @ 0.92993, take profit @ 0.87042
USDZAR ; Stoploss @ 8.1784, take profit @ 7.6223

Reversal signals
AUDJPY ; Sell below 73.19, stoploss @ 76.57
EURUSD ; Sell below 1.32718, stoploss @ 1.36458
USDJPY ; Sell below 76.569, stoploss @ 77.269

Sunday, October 9, 2011

Daily forex signals - 10 October 2011

Current positions
AUDJPY ; Stoploss @ 73.07, take profit @ 75.58
EURUSD ; Stoploss @ 1.32355, take profit @ 1.35859
USDZAR ; Stoploss @ 8.1784, take profit @ 7.7639

Reversal signals
USDCHF ; Sell below 0.90986, stoploss @ 0.93229
USDJPY ; Sell below 76.558, stoploss @ 77.269

Thursday, October 6, 2011

Daily forex signals - 07 October 2011

Open positions
AUDJPY ; Stoploss @ 72.58, take profit @ 76.34
EURUSD ; Stoploss @ 1.32192, stoploss @ 1.36030

Reversal signals
USDCHF ; Sell below 0.90445, stoploss @ 0.98684
USDJPY ; Sell below 76.558, stoploss @ 77.252
USDZAR ; Sell below 7.8688, stoploss @ 8.3350

Wednesday, October 5, 2011

Daily forex signals - 06 October 2011

Reversal signals
AUDJPY ; Buy above 74.30, stoploss @ 72.00
EURUSD ; Buy above 1.34365, stoploss @ 1.31340
USDCHF; Sell below 0.89769, stoploss @ 0.92684
USDJPY ; Sell below 76.521, stoploss @ 77.252
USDZAR ; Sell below 7.8575, stoploss @ 8.3350

Tuesday, October 4, 2011

Daily forex signals - 05 October 2011

Reversal signals
AUDJPY ; Buy above 74.86, stoploss @ 72.00
USDZAR ; Sell below 7.8034, stoploss @ 8.3350
EURUSD ; Buys above 1.35094, stoploss @ 1.31340
USDCHF ; Sell below 0.89267, stoploss @ 0.92684
USDJPY ; Sell below 76.508, stoploss @ 77.252

Monday, October 3, 2011

Daily forex signals - 04 October 2011

Reversal signals
AUDJPY ; Buy above 75.32, stoploss @ 72.98
USDZAR ; Sell below 7.7433, stoploss @ 8.2778
EURUSD ; Buy above 1.36005, stoploss @ 1.31831
USDCHF ; Sell below 0.88677, stoploss @ 0.92066
USDJPY ; Sell below 76.484, stoploss @ 77.252

Further forex signal - 3 October 2011

USDJPY ; Sell below 76.406, stoploss @ 77.030

Sunday, October 2, 2011

Daily forex signals - 3 October 2011

Current positions
USDZAR ; Stoploss @ 8.2468, take profit @ 7.6577

Reversal signals
AUDJPY ; Buy above 75.90, stoploss @ 73.20
EURUSD ; Buy above 1.36787, stoploss @ 1.33504
USDCHF ; Sell below 0.88289, stoploss @ 0.91746

Thursday, September 29, 2011

Daily forex signals - 30 September 2011

Current positions
USDZAR ; Stoploss @ 8.1799, take profit @ 7.7890
EURUSD ; Stoploss @ 1.33740, no take profit level yet

Reversal signals
AUDJPY ; Buy above 76.17, stoploss @ 73.40
USDCHF ; Sell below 0.88103, stoploss @ 0.92109

Wednesday, September 28, 2011

Daily forex signals - 29 September 2011

Current positions
USDZAR ; Stoploss @ 8.2701, take profit @ 7.6352
EURUSD ; Stoploss @ 1.33740, no clear take profit level yet

Reversal signals
AUDJPY ; Buy above 76.67, stoploss @ 73.40
USDCHF ; Sell below 0.87908, stoploss @ 0.92109

Tuesday, September 27, 2011

Daily forex signals - 28 September 2011

Current positions
USDZAR ; Stoploss @ 8.3435, Take profit @ 7.5328

Reversal signals
AUDJPY ; Buy above 76.67, stoploss @ 73.40
EURUSD ; Buy above 1.36900, stoploss @ 1.33740
USDCHF ; Sell below 0.87702, stoploss @ 0.92109

Monday, September 26, 2011

Daily forex signals - 27 September 2011

Reversal signals
AUDJPY ; Buy above 76.78, stoploss @ 73.40
USDZAR ; Sell below 7.9452, stoploss @ 8.4564
EURUSD ; Buy above 1.37479, stoploss @ 1.33740
USDCHF ; Sell below 0.87485, stoploss @ 0.92109

Sunday, September 25, 2011

Daily forex signals - 26 September 2011

Reversal signals
AUDJPY ; Buy above 77.63, stoploss @ 73.40
USDZAR ; Sell below 7.8492, stoploss @ 8.4564
EURUSD ; buy above 1.38161, stoploss @ 1.33740
USDCHF ; Sell below 0.87257, stoploss @ 0.92109

Friday, September 23, 2011

Daily forex signals - 23 September 2011

Reversal signals
AUDJPY ; Buy above 78.63, stoploss @ 73.87
USDZAR ; Sell below 7.6915, stoploss @ 8.4800
EURUSD ; Buy above 1.38642, stoploss @ 1.33834
USDCHF ; Sell below 0.87017, stoploss @ 0.91818

Wednesday, September 21, 2011

Daily forex signals - 22 September 2011

Reversal signals
AUDJPY ; Buy above 78.92, stoploss @ 76.74
USDZAR ; Sell below 7.5910, stoploss @ 8.2390
EURUSD ; Buy above 1.39176, stoploss @ 1.35630
USDCHF ; Sell below 0.87017, stoploss @ 0.90000
USDJPY ; Buy above 76.813, stoploss @ 76.182

Tuesday, September 20, 2011

Daily forex signals - 21 September 2011

Reversal signals
AUDJPY ; Buy above 79.48, stoploss @ 77.79
UDZAR ; Sell below 7.4289, stoploss @ 7.7260
USDCHF ; Sell below 0.87335, stoploss @ 0.88732
USDJPY ; Buy above 76.989, stoploss @ 76.182

Daily forex signals - 20 September 2011

Reversal signals
AUDJPY ; Buy above 79.82, stoploss @ 78.07
USDZAR ; Sell below 7.3505, stoploss @ 7.6470
USDCHF ; Sell below 0.87146, stoploss @ 0.89193
USDJPY ; Buy above 77.156, stoploss @ 76.182

Sunday, September 11, 2011

Daily forex signals - 12 September 2011

Reversal signals
AUDJPY ; Buy above 82.43, stoploss @ 80.82
USDJPY ; Sell below 76.970, stoploss @ 77.944
USDZAR ; Sell below 7.0690, stoploss @ 7.2866
EURUSD ; Buy above 1.40989, stoploss @ 1.35900
USDCHF ; Sell below 0.80419, stoploss @ 0.88755

Thursday, September 8, 2011

Daily forex signals - 09 September 2011

Reversal signals

GBPUSD ; Buy above 1.61158, stoploss @ 1.59140
EURUSD ; Buy above 1.41710, stoploss @ 1.38840
USDZAR ; Sell below 7.0293, stoploss @ 7.2059
CADCHF ; Sell below 0.7998, stoploss @ 0.8843
USDCHF ; Sell below 0.78969, stoploss @ 0.87527
GBPCAD ; Buy above 1.5919, stoploss @ 1.5711

Wednesday, September 7, 2011

Daily forex signals - 08 September 2011

Reversal signals
GBPUSD ; Buy above 1.61666, stoploss @ 1.59140
EURUSD ; Buy above 1.42458, stoploss @ 1.39660
AUDJPY ; Buy above 82.47, stoploss @ 80.99
USDZAR ; Sell below 7.0108, stoploss @ 7.2059
CADCHF ; Sell below 0.7907, stoploss @ 0.8731
USDCHF ; Sell below 0.78001, stoploss @ 0.86339
GBPCAD ; Buy above 1.5982, stoploss @ 1.5704

Daily forex signals - 07 September 2011

Reversal signals
GBPUSD ; Buy above 1.61968, stoploss @ 1.59140
EURUSD ; Buy above 1.42975, stoploss @ 1.39660
AUDJPY ; Buy above 82.50, stoploss @ 80.99
USDZAR ; Sell below 6.9902, stoploss @ 7.2059
CADCHF ; Sell below 0.7882, stoploss @ 0.8665
USDCHF ; Sell below 0.77566, stoploss @ 0.85639
GBPCAD ; Buy above 1.5982, stoploss @ 1.5803

Monday, September 5, 2011

Daily forex signals - 06 September 2011

Reversal signals
GBPUSD ; Buy above 1.62660, stoploss @ 1.60449
EURUSD ; Buy above 1.43791, stoploss @ 1.40439
CADCHF ; Buy above 0.8317, stoploss @ 0.7806
AUDJPY ; Buy above 82.71, stoploss @ 81.09
USDZAR ; Sell below 6.9673, stoploss @ 7.1170

Sunday, September 4, 2011

Daily forex signals - 05 September 2011

Current positions
USDZAR (Short)
Entry price ; 7.0562
Stoploss ; 7.0966
Take profit ; 6.9773
Unrealized position ; -238

Reversal signals
GBPUSD ; Buy above 1.63173, stoploss @ 1.61639
EURHKD ; Bus above 11.2667, stoploss @ 11.0325
EURUSD ; Buy above 1.44589, stoploss @ 1.41694
CADCHF ; Buy above 0.8367, stoploss @ 0.7806

Thursday, September 1, 2011

Daily forex trading signals - 2 September 2011

Current positions
EURHKD (Short)
Entry price ; 11.1883
Stoploss ; 11.3242
Take profit ; 11.0572
Unrealized position ; +896

EURUSD (Short)
Entry price ; 1.43689
Stoploss ; 1.45270
Take profit ; 1.42098
Unrealized position ; +1073

USDZAR (Short)
Entry price ; 7.0562
Stoploss ; 7.1309
Take profit ; 6.8831
Unrealized position ; +412

USDCHF (Short)
Entry price ; 0.79968
Stoploss ; 0.82457
Take profit ; 0.7842
Unrealized position ; +393

CADCHF (Short)
Entry price ; 0.8178
Stoploss ; 0.8439
Take profit ; 0.8009
Unrealized position ; +27

Reversal signals
GBPUSD ; Buy above 1.63639, stoploss @ 1.61814

Wednesday, August 31, 2011

Daily forex trading signals - 1 September 2011

Current positions
GBPCAD (Short)
Entry price ; 1.6146
Stoploss ; 1.6158
Take profit ; 1.5860
Unrealized position ; +250

USDZAR (Short)
Entry price ; 7.0562
Stoploss ; 7.1650
Take profit ; 6.8670
Unrealized position ; +533

Reversal signals
EURHKD ; SEll below 11.1883, stoploss @ 11.3315
EURUSD ; Sell below 1.43689, stoploss @ 1.45389
USDCHF ; Sell below 0.79968, stoploss @ 0.82461
CADCHF ; Sell below 0.8178, stoploss @ 0.8433

Daily forex signals - 31 August 2011

Current positions
GBPCAD (Short)
Entry price ; 1.6146
Stoploss ; 1.6211
Take profit ; 1.5856
Unrealized position ; +202

USDJPY (Long)
Entry price ; 77.074
Stoploss ; 76.454
Take profit ; 77.700
Unrealized position ; -461

USDZAR (Short)
Entry price ; 7.0562
Stoploss ; 7.2237
Take profit ; 6.8948
Unrealized profit ; -23

Reversal signals
EURHKD ; Sell below 11.1902, stoploss @ 11.3466
EURUSD ; Sell below 1.43631, stoploss @ 1.45478
USDCHF ; Sell below 0.79611, stoploss @ 0.82461
CADCHF ; Sell below 0.8084, stoploss @ 0.8433

Tuesday, August 30, 2011

Daily forex signals - 30 August 2011

Current positions
GBPCAD (Short)
Entry price ; 1.6146
Stooploss ; 1.6234
Take profit ; 1.5862
Unrealized position ; +117

USDJPY (Long)
Entry price ; 77.074
Stoploss ; 76.328
Take profit ; 77.964
Unrealized position ; -297

USDZAR (Short)
Entry price ; 7.0562
Stoploss ; 7.2695
Take profit 6.9379
Unrealized position ; +15

Reversal signals
EURHKD ; Sell below 11.1736, stoploss @ 11.3466
EURUSD ; Sell below 1.43304, stoploss @ 1.45478
CADCHF ; Sell below 0.7995, stoploss @ 0.8433
USDCHF ; Sell below 0.78911, stoploss @ 0.82461

Sunday, August 28, 2011

Daily forex signals - 29 August 2011

Current positions
GBPCAD (Short)
Entry price ; 1.6146
Stoploss ; 1.63095
Take profit ; 1.5907
Unrealised position ; +113

USDJPY (Long)
Entry price ; 77.074
Stoploss ; 76.305
Take profit ; 78.06
Unrealized position ; -379

Reversal signals
EURHKD ; Sell below 11.1576, stoploss @ 11.3047
EURUSD ; Sell below 1.43138, stoploss @ 1.45015
USDZAR ; Sell below 7.0562, stoploss @ 7.2703
USDCHF ; Sell below 0.78911, stoploss @ 0.80767
CADCHF ; Sell below 0.7995, stoploss @ 0.8231

Friday, August 26, 2011

Further forex signals - 26 August 2011

Reversal signals
AUDJPY ; Sell below 79.73, stoploss @ 81.16
USDCHF ; Sell below 0.78739, stoploss @ 0.79976
CADCHF ; Sell below 0.7975, stoploss @ 0.8134

Thursday, August 25, 2011

Daily forex signals - 26 August 2011

Current positions

GBPCAD (Short)
Entry price ; 1.6146
Stoploss ; 1.6379
Take profit ; 1.5965
Unrealized profit ; +54

USDJPY ( Long)
Entry price ; 77.074
Stoploss ; 76.1705
Take profit ; 78.078
Unrealized profit ; +383

Reversal signals
EURHKD ; Sell below 11.1498, stoploss @ 11.3059
EURUSD ; Sell below 1.42930, stoploss @ 1.44995
USDZAR ; Sell below 7.0450, stoploss @ 7.2783

Wednesday, August 24, 2011

Daily forex signals - 25 August 2011

Current positions
GBPUSD (Short)
Entry price ; 1.64351
Stoploss ; 1.6575
Take profit ; 1.62829
Unrealized profit ; +629

Reversal signals
GBPCAD ; Sell below 1.6146, stoploss @ 1.6397
USDJPY ; Buy above 77.074, stoploss @ 75.900
EURHKD ; Sell below 11.1416, stoploss @ 11.3059
EURUSD ; Sell below 1.42821, stoploss @ 1.44995

Tuesday, August 23, 2011

Daily forex signals - 24 August 2011

Current positions

USDZAR (Short)
Entry price ; 7.1054
Stoploss ; 7.2415
Take profit ; 6.9901
Unrealized profit ; -884

Reversal signals
GBPUSD ; Sell below 1.64351, stoploss @ 1.66218
GBPCAD ; Sell below 1.6117, stoploss @ 1.6397
USDJPY ; Buy above 77.205, stoploss @ 75.900
EURHKD ; Sell below 11.1329, stoploss @ 11.3059
EURUSD ; Sell below 1.42706, stoploss @ 1.44995

Monday, August 22, 2011

Daily forex signals - 23 August 2011

Current positions:

AUDJPY (Long)
Entry price ; 79.66
Stoploss ; 79.03
Take profit ; 80.75
Unrealized profit ; +23

USDZAR (Short)
Entry price ; 7.1054
Stoploss ; 7.2644
Take profit ; 6.9653
Unrealized profit -1062

EURHKD (Short)
Entry price ; 11.1240
Stoploss ; 11.2631
Take profit ; 11.0248
Unrealized profir ; -785

EURUSD (Short)
Entry price ; 1.4287
Stoploss ; 1.44351
Take profit ; 1.41313
Unrealized profit ; -933

Reversal signals
GBPUSD ; Sell below 1.64015, stoploss @ 1.66218
GBPCAD ; Sell below 1.6069, stoploss @ 1.6397
USDJPY ; Buy above 77.205,stoploss @ 75.900

Sunday, August 21, 2011

Daily Forex signals - 22 August 2011

Current positions ;

AUDJPY (Long)
Entry price ; 79.66
Stoploss ; 78.64
Take profit ; 81.43
Unrealized profit ; +3

USDZAR (Short)
Entry price ; 7.1054
Stoploss ; 7.2942
Take profit ; 6.9017
Unrealized profit ; -1055

EURHKD (Short)
Entry price ; 11.1240
Stoploss ; 11.2802
Take profit ; 11.0227
Unrealized profit ; -857

EURUSD (Short)
Entry price ; 1.42687
Stoploss ; 1.44787
Take profit ; 1.41326
Unrealized profit ; -1069

Reversal signals
GBPUSD ; Sell below 1.63475, stoploss @ 1.66218
GBPCAD ; Sell below 1.6014, stoploss @ 1.6397
USDJPY ; Buy above 77.248, stoploss @ 75.900

Thursday, August 18, 2011

Daily forex signals - 19 August 2011

Current positions

CADCHF (Long)
Entry level ; 0.7671
Stoploss ; 0.7863
Take profit ; 0.7966
Unrealized profit ; +343

AUDJPY (Long)
Entry level ; 79.66
Stoploss ; 78.65
Take profit ; 81.43
Unrealized profit ; -14

USDZAR (Short)
Entry level ; 7.1054
Stoploss ; 7.2897
Take profit ; 6.8986
Unrealized profit ; -973

Reversal signals
USDJPY ; Buy above 77.574, stoploss @ 76.240
EURHKD ; Sell below 11.1240, stoploss @ 11.3099
EURUSD ; Sell below 1.42687, stoploss @ 1.45167
GBPUSD ; Sell below 1.62800, stoploss @ 1.65915
GBPCAD ; Sell below 1.5949, stoploss @ 1.6364

Daily forex signals - 18 August 2011

Current positions
CADCHF (Long)
Entry price ; 0.7671
Stoploss ; 0.7741
Take profit ; 0.8202
Unrealized profit ; +378

AUDJPY (Long)
Entry price ; 79.66
Stoploss ; 78.63
Take profit ; 82.97
Unrealized profit ; +74

USDZAR (Short)
Entry price ; 7.1054
Stoploss ; 7.2805
Take profit ; 6.7804
Unrealized profit ; -125

Reversal signals
USDJPY ; Buy above 77.800, stploss @ 76.240
EURUSD ; Sell below 1.42250, stoploss @ 1.45167
EURHKD ; Sell below 11.0925, stoploss @ 11.3099
GBPUSD ; Sell below 1.62250, stoploss @ 1.65915
GBPCAD ; Sell below 1.5900, stoploss @ 1.6289

Wednesday, August 17, 2011

Daily forex signals - 17 August 2011

Current positions

CADCHF (Long)
Entry price ; 0.7671
Stoploss ; 0.7537
Take profit ; 0.8265
Unrealized profit ; +468

AUDJPY (Long)
Entry price ; 79.66
Stoploss ; 77.79
Take profit ; 82.89
Unrealized profit ; +74

USDZAR (Short)
Entry price ; 7.1054
Stoploss ; 7.3503
Take profit ; 6.7696
Unrealized profit ; -390

Reversal signals
USDJPY - Buy above 78.065, stoploss @ 76.240
EURUSD - Sell below 1.41735, stoploss @ 1.44888
EURHKD - Sell below 11.0541, stoploss @ 11.2933
GBPUSD - Sell below 1.61603, stoploss @ 1.64683

Tuesday, August 16, 2011

Daily forex signals - 16 August 2011

Current positions

CADCHF (Long)
Entry price ; 0.7671
Stoploss ; 0.7334
Take profit ; 0.8252
Unrealized profit ; +310

GBPCAD (Short)
Entry price ; 1.5931
Stoploss ; 1.6212
Take profit ; 1.5672
Unrealized profit ; -112

AUDJPY (Long)
Entry price ; 79.66
Stoploss ; 77.37
Take profit ; 82.61
Unrealized profit ; +89

USDZAR (Short)
Entry price ; 7.1054
Stoploss ; 7.3833
Take profit ; 6.7755
Unrealized profit ; +15

Reversal signals
USDJPY - Buy above 78.377, stoploss @ 76.240
EURHKD - Sell below 11.0288, stoploss @ 11.2933
EURUSD - Sell below 1.41398, stoploss @ 1.44888
GBPUSD - Sell below 1.61251, stoploss @ 1.64111

Monday, August 15, 2011

Daily forex signals - 15 August 2011

Current positions

GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.63294
Take profit ; 1.61138
Unrealized profit ; -479

CADCHF (Long)
Entry price ; 0.7671
Stoploss ; 0.7179
Take profit ; 0.8109
Unrealized profit ; +252

GBPCAD (Short)
Entry price ; 1.5931
Stoploss ; 1.62055
Take rpofit ; 1.5621
Unrealized profit ; -168

Reversal signals:
Buy AUDJPY with stoploss @ 76.51
USDJPY ; Buy above 78.745, stoploss @ 76.240
ASDZAR ; Sell below 7.1054, stoploss @ 7.4995

Thursday, August 11, 2011

Daily forex signals - 12 August 2011

Current positions
GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.63845
Take profit ; 1.60268
Unrealized profit ; -38

USDCHF (Long)
Entry price ; 0.75915
Stoploss ; 0.71255
Take profit ; 0.78189
Unrealized profit ; +235

CADCHF (Long)
Entry price ; 0.7671
Stoploss ; 0.7167
Tke profit ; 0.8003
Unrealized profit ; +55

GBPCAD (Short)
Entry price ; 1.5931
Stoploss ; 1.6228
Take profit ; 1.5603
Unrealized profit ; -68

Reversal signals
AUDJPY - Buy abobe 80.34, stoploss @ 76.40
USDZAR - Sell below 7.0667, stoploss @ 1.4995
USDJPY - Buy above 79.177, stoploss @ 76.240

Wednesday, August 10, 2011

Daily forex signals - 11 August 2011

Current positions:
EURHKD (Long)
Entry price ; 11.2072
Stoploss ; 11.0343
Take profit ; 11.3619
Unrealized margin ; -1436

EURUSD (Long)
Entry price ; 1.43707
Stoploss ; 1.41418
Take profit ; 1.45612
Unrealized margin ; -1953

GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.64496
Take profit ; 1.60474
Unrealized margin ; +1062

GBPCAD (Short)
Entry price ; 1.5931
Stoploss ; 1.6296
Take profit ; 1.5659
Unrealized profit ; -112

Reversal signals
USDCHF ; Buy above 0.75915, stoploss @ 0.70560
CADCHF ; Buy above 0.7671, stoploss @ 0.7090
AUDJPY ; Buy above 81.25, stoploss @ 76.40
USDZAR ; Sell below 7.0194, stoploss @ 7.4995
USDJPY ; Buy above 79.685, stoploss @ 76.240

Tuesday, August 9, 2011

Daily forex signals - 10 August 2011

Current positions:
EURHKD (Long)
Entry price ; 11.2072
Stoploss ; 11.0143
Take profit ; 11.3678
Unrealized Profit ; 180

EURUSD (Long)
Entry price ; 1.43707
Stoploss ; 1.41155
Take profit ; 1.45679
Unrealized profit ; 61

GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.64035
Take profit ; 1.60944
Unrealized profit ; -843

Reversal signals
USDCHF - Buy above 0.76539, stoploss @ 0.70560
CADCHF - Buy above 0.7733, stoploss @ 0.7090
GBPCAD - Sell below 1.5931, stoploss @ 1.6359
AUDJPY - Buy above 82.43, stoploss @ 76.40
USDZAR - Sell below 6.8994, stoploss @ 7.4995
USDJPY - Buy above 80.057,stoploss @ 76.240


Daily forex signals - 9 August 2011

Current positions
EURHKD (Long)
Entry price ; 11.2072
Stoploss ; 11.0054
Take profit ; 11.3335
Profit ; -573

EURUSD ( Long)
Entry price ; 1.43707
Stoploss ; 1.41086
Take profit ; 1.45287
Profit ; -973

Reversal signals:
GBPUSD - Sell below 1.62278, stoploss @ 1.64668
USDCHF - Buy above 0.77392, stoploss @ 0.74730
CADCHF - Buy above 0.7975, stoploss @ 0.7470
GBPCAD - Sell below 1.5823, stoploss @ 1.6250
AUDJPY - Buy above 83.91, stoploss @ 76.40
USDZAR - Sell below 6.8048, stoploss @ 7.4995

Monday, August 8, 2011

USDZAR - Turned long

According to my analysis USDZAR turned long today with the medium term support at 6.61 and the long term support at 6.53

Sunday, August 7, 2011

Daily forex signals - 8 August 2011

Current positions"
EURHKD (Long)
Entry price ; 11.2072
Stoploss ; 10.9667
Take profit ; 11.3791
Profit ; +468

EURUSD (Long)
Entry price ; 1.43707
Stoploss ; 1.40543
Take profit ; 1.45829
Profit ; +173

Reversal signals
GBPUSD - Sell below 1.62364, stoploss @ 1.64668
USDCHF - Buy above 0.78013, stoploss @ 0.75768
CADCHF - Buy above 0.8077,stoploss @ 0.7724
GBPCAD - Sell below 1.5721, stoploss @ 1.6158
AUDJPY - Buy above 85.15, stoploss @ 81.57
USDZAR - Sell below 6.7073, stoploss @ 6.9460

Friday, August 5, 2011

Daily forex signals - 5 August 2011

Current positions:
GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.64278
Take profit ; 1.60966
Profit ; -257

Reversal signals
USDCHF - Buy above 0.78278, stoploss @ 0.75970
CADCHF - Buy above 0.8169, stoploss @ 0.7810
GBPCAD - Sell below 1.5619, stoploss @ 1.5908
AUDJPY - Buy above 85.37, stoploss @ 82.24
USDZAR - Sell below 6.6909, stoploss @ 6.9135
EURHKD - Buy above 11.2072, stoploss @ 10.9460
EURUSD - Buy above 1.43707, stoploss @ 1.40455

Thursday, August 4, 2011

Daily Forex signals - 4 August 2011

Current positions

EURHKD (Short)
Entry price ; 11.1485
Stoploss ; 11.2140
Take profit ; 11.0014
Profit ; -7

EURUSD (Short)
Entry price ; 1.43077
Stoploss ; 1.43909
Take profit ; 1.41134
Profit ; 74

USDJPY (Long)
Entry price ; 78.036
Stoploss ; 76.383
Take profit ; 79.316
Profit 863

USDZAR (Long)
Entry price ; 6.7760
Stoploss ; 6.6555
Take profit 6.8877
Profit ; -103

GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.64373
Take profit ; 1.60911
Profit -1510

Reversal signals
USDCHF - Buy above 0.78830, stoploss @ 0.75970
CADCHF - Buy above 0.8269, stoploss @ 0.7945
GBPCAD - Sell below 1.5546, stoploss @ 1.5793
AUDJPY - Buy above 85.73, stoploss @ 82.37

Wednesday, August 3, 2011

Daily forex signals - 3 August 2011

Current positions
EURHKD (Short)
Entry price ; 11.1485
Stoploss ; 11.2398
Take profit ; 11.0189
Profit ; -44

EURUSD (Short)
Entry price ; 1.43077
Stoploss ; 1.44261
Take profit ; 1.41355
Profit ; 39

USDZAR (Long)
Entry price ; 6.7760
Stoploss ; 6.6423
Take profit ; 6.8813
Profit ; -333

GBPUSD (Short)
Entry price ; 1.62364
Stoploss ; 1.64459
Take profit ; 1.60962
Profit ; -1631

Reversal signals
USDJPY ; Buy above 78.036, stoploss @ 76.650
USDCHF ; Buy above 0.79521, stoploss @ 0.76533
CADCHF ; Buy above 0.8338, stoploss @ 0.7945
GBPCAD ; Sell below 1.5534, stoploss @ 1.5794
AUDJPY ; Buy above 86.14, stoploss @ 83.37

Tuesday, August 2, 2011

Daily forex signals - 2 August 2011

Current positions
EURHKD (Short)
Entry price ; 11.1485
Stoploss ; 11.2483
Take profit ; 11.0109
Profit ; 417

EURUSD (Short)
Entry price ; 1.43077
Stoploss ; 1.44351
Take profit ; 1.41264
Profit ; 516

Reversal signals
USDJPY - Buy above 78.036, stoploss @ 76.650
USDCHF - Buy above 0.80306, stoploss @ 0.7719
CADCHF - Buy above 0.8459, stoploss @ 0.8050
USDZAR - Buy above 6.7760, stoploss @ 6.6120
GBPUSD - Sell below 1.62364, stoploss @ 1.64830

Sunday, July 31, 2011

Daily forex signals - 1 August 2011

Current positions
EURHKD (Short|)
Entry price ; 11.1485
Stoploss; 11.2839
Take profit ; 11.0180
Profit ; -613

EURUSD (Short)
Entry price ; 1.43077
Stoploss ; 1.44857
Take profit ; 1.41352
Profit ; -724

Reversal signals
USDJPY - Buy above 78.117, oss @ 76.650
USDCHF - Buy above 0.80965, stoploss @ 0.78390
CADCHF - Buy above 0.8558, stoploss @ 0.8180
USDZAR - Buy above 6.7760, stoploss @ 6.6120
AUDJPY - Buy above 86.11, stoploss @ 84.15


Profit history as at 1 August 2011

Number of trades ; 124
Profit factor ; 1.65
Profit trade % ; 68.55%
Maximal drawdown ; 22.44%

Thursday, July 28, 2011

Trade signal update - 28 July 2011

EURHKD - Sell at current price - Stoploss @ 11.3222
EURUSD - Sell at current price - Stoploss @ 1.45353

Daily forex signals - 28 July 2011

Closed positions
EURUSD - Long : 0.00204
EURHKD - Long ; 0.1135

Current positions
GBPCAD (Long)
Entry price ; 1.5465
Stoploss ; 1.5387
Take profit ; 1.5611
Profit 77

Reversal signals
USDJPY buy above 78.692, stoploss @ 11.840
GBPUSD Sell below 1.62374, stoploss @ 1.64320
USDCHF Buy above 0.82012, stoploss @ 0.80193
CADCHF Buy above 0.8690, stoploss @ 0.8457
USDZAR Buy above 6.8391, stoploss @ 6.6652

Close positions

Closed all long positions on EURUSD and EURHKD

Wednesday, July 27, 2011

Daily forex signals 27 July 2011

Closed positions
AUDJPY (Buy)
Profit - 0.98

USDZAR (Sell)
Proft - .01886

Current positions
EURHKD (Buy)
Entry price ; 11.1129
Stoploss ; 11.0770
Take profit ; 11.3357
Profit ; 642

EURUSD (Buy)
Entry price ; 1.42723
Stoploss ; 1.42142
Take profit ; 1.45630
Profit ; 741

GBPCAD (Buy)
Entry price ; 1.5465
Stoploss ; 1.5357
Take profit ; 1.5624
Profit 32

Reversal signals
USDJPY ; Buy above 78.692, stoploss at 77.840
GBPUSD; Sell beloe 1.61872, stoploss at 1.64320
USDCHF; Buy above .82375, stoploss at .80193
CADCHF; Buy above .8719, stoploss at .8457





Profit signal

AUDJPY - Take profit above 86.06

Tuesday, July 26, 2011

Daily Forex signals - 26 July 2011

Current positions

EURHKD (Buy)
Entry price ; 11.1129
Stoploss ; 11.0574
Take profit ; 11.3462
Profit ; 1806

EURUSD (Buy)
Entry price ; 1.42723
Stoploss ; 1.42067
Take profit ; 1.45763
Profit ; 2268

AUDJPY (Buy)
Entry price ; 85.01
Stoploss ; 84.19
Take profit ; 86.18
Profit ; 45

USDZAR (Sell)
Entry price ; 6.8415
Stoploss ; 6.8874
Take profit ; 6.6649
Profit ; 1635

GBPCAD (Buy)
Entry price 1.5465
Stoploss ; 1.5301
Take profit ; 1.5620
Profit ; -14

Reversal signals
USDJPY ; Buy above 78.884, stoploss at 77.840
GBPUSD ; Sell below 1.61270, stoploss at 1.63369
USDCHF ; Buy above 0.82641, stoploss at 0.80193
CADCHF ; Buy above 0.8733, stoploss at 0.8457

Monday, July 25, 2011

Daily Forex signals - 26 July 2011

Current positions:


EURHKD (Buy)
Entry level ; 11.1129
Stoploss ; 11.0563
Take profit ;  11.3498
Profit ; 884

EURUSD (Buy)
Entry level ; 1.42723
Stoploss ; 1.41856
Take profit ; 1.45815
Profit ; 1028

AUDJPY (Buy)
Entry level ; 85.01
Stoploss ; 84.21
Take profit ; 86.20
Profit ; -15

USDZAR (Sell)
Entry level ; 6.8415
Stoploss ; 6.8871
Take profit ; 6.6601
Profit ; 596

GBPCAD (Buy)
Entry level ; 1.5465
Stoploss ; 1.5294
Take profit ; 1.5634
Profit ; -65

Reversal signals
USDJPY Buy above 79.092, Stoploss at 78.225
GBPUSD  Sell below 1.60732, Stoploss at 1.63206

Good luck





I'm back

Hi Guys

I have been out of action for a while.

The reason being that I have decided to take a break while I sort out the mathematics of my trading algorithm. It is amazing how difficult it can be to achieve statistical consistency while developing a strategy that will apply to most trading cycles. While doing this I also had to find a way to reduce my drawdown which became problematic.

Well the good news is that I am back and hopefully with a better formula.

Cheers
Chris Wiggett 

Tuesday, April 12, 2011

12 April 2011

Open positions
GBPCAD - Long
Entry price - 1.5707
Current price - 1.5639
Variance - (-68)
Stop loss - 1.5500
Take profit - 1.5829

AUDJPY - Short
Entry price - 87.38
Current price - 87.52
Variance - (-12)
Stop loss - 90.02
No take profit level yet

CADCHF - Short
Entry price - 0.9453
Current price - 0.9321
Variance - +132
Stop loss - 0.9676
Take profit at any level better than 0.9332 ( I took profit at 0.9315)

USDJPY - Short
Entry price - 83.556
Current price - 83.688
Variance (-132)
Stop loss - 85.520
No take profit level yet

USDZAR - Long
Entry price 6.7362
Current price - 6.7355
Variance (-7)
Stop loss - 6.6238
No take profit level yet

Other reversal levels:
EURUSD - Sell below 1.42359
EURHKD - Sell below 11.0137
GBPUSD - Sell below 1.60696

Monday, April 11, 2011

11 April 2011 Forex indicators

GBPCAD - Long
Entry level - 1.5707
Current price - 1.5630
Variance - (-77)
Stop loss - 1.5500
Take profit - 1.5829

Other forex pairs reversal levels:
EURUSD - Sell below 1.42359
AUDJPY - Sell below 87.38
CADCHF - Sell below 0.9453
USDJPY - Sell below 83.556
USDZAR - Buy above 6.7362
EURHKD - Sell below 11.0137
GBPUSD - Sell below 1.60696

Good luck

Saturday, April 9, 2011

9 April 2011

Open forex positions:


GBPCAD - Long
Entry price - 1.5707
Current price - 1.5650
Variance - (-57)
Stop loss - 1.5469
No profit target yet

Forex reversal levels:
EURUSD - Sell below 1.41395
AUDJPY - Sell below 86.12
CADCHF - Sell below 0.9388
USDJPY - Sell below 82.599
USDZAR - Buy above 6.7904
EURHKD - Sell below 10.9629
GBPUSD - Sell beloe 1.59953

Thursday, April 7, 2011

7 April 2011

GBPCAD - Long
Entry price - 1.5707
Current price - 1.5652
Variance - (-53)
Stop loss - 1.5452
No take profit level yet


Reversal levels
EURUSD - Sell below 1.41110
AUDJPY - Sell below 85.36
CADCHF - Sell below 0.9348
USDJPY - Sell below 81.957
USDZAR - Buy above 8.8226
EURHKD - Sell below 10.9508
GBPUSD - Sell below 1.59718


Good luck.

Wednesday, April 6, 2011

6 April 2011

GBPUSD - Long
Take profit level triggered
Entry price - 1.62499
Closing price - 1.63014
Trade profit - +515


GBPCAD - Long
Entry price - 1.5707
Current price - 1.5647
Variance - (-60)


Other trend reversal levels:
EURUSD - Sell below 1.40785
AUDJPY - Sell below 84.50
CADCHF - Sell below 0.9303
USDJPY - Sell below 81.175
USDZAR - Buy above 6.8573
EURHKD - Sell below 10.9378
GBPUSD - Sell below 1.59468 

Tuesday, April 5, 2011

5 April 2011

Late last night after the daily prices were in I adjusted my trigger levels and the following 2 pairs were activated and trades entered into:

GBPUSD
Entry price - 1.62499
Current price - 1.62827
Variance - +330
Stop loss 1.59360
Take profit 1.63014

GBPCAD
Entry price - 1.5707
Current price - 1.5693
Variance - (-14)
Stop loss - 1.5425
No valid profit taking level yet

Reveral levels on the following p[airs have not been reached yet:
EURUSD - Sell below 1.40599
AUDJPY - Sell below 83.78
CADCHF - Sell below 0.9253
USDJPY - Sell below 80.365
USDZAR - Buy above 6.8904
EURHKD - Sell below 10.9328

Good luck



Monday, April 4, 2011

4 April 2011

Below is today's levels where reversals could be expected, mostly still some time off.

EURUSD - Short below 1.40393
AUDJPY - Short below 82.93
CADCHF - Short below 0.9195
USDJPY - Short below 79.594
GBPUSD - Long above 1.62682
GBPCAD - Long above 1.5766
USDZAR - Long above 6.9428
EURHKD - Long signal was triggered, however the position of both the MACD and Stachastic is incorrect    and I will suggest that time is given to allow the trend to settle.

Good luck.

Sunday, April 3, 2011

3 April 2011

Although the trend reversal levels below are not close to the current levels I will be updating these on a daily basis:

EURUSD - Short below 1.40262
AUDJPY - Short below 81.91
CADCHF -Short below .9129
USDJPY - Short below 78.688
GBPUSD - Long above 1.62894
GBPCAD - Long above 1.5841
USDZAR - Long above 6.9995

3 April 2011

The Wolf of Wall Street
Hi All

I am currently all in cash and are waiting for some significant trend reversals on some of the Forex pairs that I monitor.

Below is the list of the Forex pairs that I trade in:
EURUSD
AUDJPY
CADCHF
USDJPY
GBPUSD
GBPCAD
USDZAR

I will advise if any of the reversals are triggered.

Have a great week.

Friday, April 1, 2011

1 April 2011

CADCHF - Long
Profit target triggered
Entry price                                         0.9390
Closed price                                      0.9601
Trade profit                                       +211

Thursday, March 31, 2011

31 March 2011

CADCHF - Long
Entry price                                        0.9390
Current price                                    0.9444
Variance                                          +54
Stop loss                                          0.9088
Take profit                                       0.9613


EURUSD - Short
Stop loss triggered
Entry price                                      1.40441
Closed price                                   1.42290
Trade loss                                       (-1849) 

Wednesday, March 30, 2011

30 March 2011

CADCHF - Long
Entry price                                         0.9390
Current price                                     0.9471
Variance                                            +81
Stop loss                                            0.9043
Take profit                                         0.9618


EURUSD - Short
Entry price                                        1.40441
Current price                                    1.41261
Variance                                           (-820)
Stop loss                                           1.42320
Take profit                                        1.39554  

Tuesday, March 29, 2011

29 March 2011

CADCHF - Long
Entry level                                         0.9390
Current level                                     0.9442
Variance                                            +52
Stop loss                                            0.9016
Take profit                                        0.9651


EURUSD - Short
Entry level                                        1.40441
Current level                                    1.40895
Valiance                                            (-454)
Stop loss                                           1.42424
Take profit                                       No take profit level  

29 March 2011

EURUSD - Short
Entry level                                         1.40441
Current level                                     1.40896
Profit                                                  (-491)
Stop loss                                            1.42411
Take profit                                        No signal


CADCHF - Long
Entry level                                        0.9390
Current level                                    0.9376
Profit                                                 (-16)
Stop loss                                           0.9016
Take profit                                       0.9676 

Monday, March 28, 2011

Monday 28 March 2011

EURUSD - Short

Entry level           1.40441
Current level       1.40880
Profit                    (439 points)
Stop loss @         1.42479
Take profit @     1.39881

CADCHF - Long

Entry level          0.9390
Current level      0.9388
Profit                   2 Points
Stop loss @        0.9004
No Take profit level yet

Sunday 27 March 2010

USDJPY - Long
Stoploss @ 77.105
Take profit @ 84.875


GBPUSD - Short
Stoploss @ 1.63887
Take profit @ 1.5802


EURUSD - Trend reversal to Short
Stoploss @1.42479


CADCHF - Trend reversal to Long
Stoploss @ 0.9004