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

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

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

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

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

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

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

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

(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

Euro Counting Down To Key Events At The End Of This Week - Forex Analysis, Currency Forecast, FX Trading Signal - Action Forex

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

(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




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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

(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

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

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