Forex Signals
Today's Signal
Daily Forex Signal
by Jordan Lindsey (JCL Capital) | Wed, Jul 1 2009, 01:11 GMT
Hello all, We have a buy ZLC on the USD/CAD 4 hour time frame. Regarding the FIFO ruling and it's application by various brokers: 1. There is no consensus on the rule and how it is going to be applied. Some brokers are stating that MT4 will not be used (until MT5 is released) b/c it won't be compliant, and others are saying that they have it compliant so don't worry. 2. There is no consensus on whether it is just meant for hedges or for all positions (such as would be used in a grid strategy).
Weekly Forex Signals
Momentum holds U.S. dollar while sterling looks to recover
by Benny Menashe (Finotec Group Inc.) | Mon, Jun 29 2009, 10:46 GMT
Fundamental Unemployment in the U.S. probably rose at a slower pace and the manufacturing slump eased this month as evidence mounted that the end of recession is in view, economists said before reports this week. The jobless rate rose 0.2 percentage point to 9.6 percent, the highest level in 26 years. Government efforts to stabilize housing and consumer spending are only now starting to pay off, indicating it will take months before a recovery develops. The job market will remain one of the
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Today's Signal | Wed, Jul 1 2009, 01:11 GMT
Daily Forex Signal
by Jordan Lindsey - JCL Capital
