EUR/USD: Euro hovering around 1.4700

FXstreet.com (Córdoba) – The Euro has recovered part of previous losses against the Dollar and is holding above 1.4700. EUR/USD fell earlier to 1.4671, posting a fresh intra-day low. Form there the pair started to recover and the upside found resistance at 1.4720. EUR/USD is still moving with a downside bias for the session.

Despite being traded 0.57% below today’s opening price, the Euro is consolidating a weekly gain of more than a hundred pips.

The ecPulse.com analysis team affirms: “So far, the green Benjamin continues on strengthening slightly against the majors; the euro and the royal pound, after that the Fed Chairman; Bernanke, proclaimed that interest rates will be raised once that the economy of the U.S shows strong signs of a recovery. As a result, the euro-dollar is plunging slightly and may plummet further to the downside according to the one-hour stochastic oscillator.”

• EUR/USD

EUR/USD (Oct 10 at 07:00 GMT)

1.4727/31 (0.02%)

H 1.4729 L 1.4721

S3	S2	S1	R1	R2	R3
1.4653	1.4690	1.4727	1.4727	1.4764	1.4801

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Oct 10 at 06:50 (15-minute timeframe)

[ View EUR/USD technical studies ]

"Market Seems Broken" After Monster Rally, Lindzon Says

Good news for the markets!

Seeking stability, President Obama nominated Ben Bernanke to a second term as Federal Reserve chairman. Consumer sentiment in August rose more than forecast. And home prices rose again in June, according to the S&P Case-Shiller Index.

Both the Dow and S&P hit their highest levels of 2009 intraday Tuesday, and all seems well for the bulls. But Howard Lindzon of Knight's Bridge Capital isn't among them and candidly admits to being "clueless" about the rally at this point.

One reason is the big volume in shares of "bankrupt" companies such as Citigroup, Fannie Mae, Freddie Mac, Sirius XM Radio and AIG, which don't seem to be moving on any fundamental growth, says Lindzon, who is also co-founder of Stocktwits. There are "just no underpinnings of real growth," he says. "The markets seem broken."

How about blaming the alleged "vampire squid" known as Goldman Sachs? From "trading huddles" to high-frequency trading, Goldman has been taking an image beating as of late. Lindzon argues we should be focusing on our policymakers -- not guys at Goldman, who are doing what bankers should do -- making money. In fact, everyone had the opportunity to buy at the bottom of the market -- not just the Goldman gang.

So what's Lindzon trading now? He's "mainly watching" but short Capital One and Best Buy and long a few Chinese stocks, oil, Netease.com, and US Natural Gas ETF
» More

What's an Investor to Do Now?

With financial markets in distress and the Dow tumbling below 10,000 for the first time in four years it's tempting to put your head in the sand -- or all your money under a mattress.

Rather than refusing to look at your statement, use this moment of fear and loathing of all things financial to your advantage:

• Review your portfolio and see if you're really diversified across all asset types and global markets, as well as cold, hard cash. Not much is working now but diversification is one thing you can control.
• Make sure your portfolio fits your time horizon. If you have 20 or more years before retirement, history suggests you will benefit from purchases made during the current market duress. (And I'm talking about long-term investing via a 401(k) or similar retirement program, not a short-term trade, which may or may not pan out in the next week.)
• Know your risk profile. If you can't stomach the drama, maybe you're really not an "aggressive investor" after all.

Such advice may seem obvious to more sophisticated market players -- many of whom were anxious to "buy the dip" this morning, at least before the open. But with emotions running high, it's worth remembering what long-term investing is really all about.

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ICE US Equity & Currency Closing Estimated Volumes For Jul 10

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SOURCE:http://www.djnewswires.com/eu
ICE US Equity & Currency Closing Estimated Volumes For Jul 10

Estimated Volume Report for 10-Jul-2009

Total Floor Floor Total
Futures Calls Puts Options
FINEX
Aus. Dollar - N.Z. Dollar 0 0 0 0
Australian $-Canadian $ 0 0 0 0
U.S. Dollar - Aus. Dollar 0 0 0 0
U.S. DOLLAR INDEX 3,886 2 19 21
Euro Index 0 0 0 0
Euro-Japanese Yen 465 0 0 0
Euro - US $ 72 0 0 0
Euro-Canadian Dollar 7 0 0 0
Euro - Czech Koruna 5 0 0 0
Euro - Sterling 111 0 0 0
Pound Sterling-N Z.Dollar 3 0 0 0
Euro-Hungarian Forint 9 0 0 0
Canadian $-Japanese Yen 4 0 0 0
Aus $-US$ 0 0 0 0
Euro-Japanese Yen 0 0 0 0
Euro- US$ mil 0 0 0 0
Euro-Canadian Dollar 0 0 0 0
Euro-British Pound 0 0 0 0
US $ - Swedish Krona 0 0 0 0
US $ - Swiss Franc 0 0 0 0
British Pound-US$ 0 0 0 0
Euro-Swedish Krona 0 0 0 0
Euro-Swiss Franc 0 0 0 0
US $ - Japanese Yen 0 0 0 0
US $ - Canadian $ 0 0 0 0
Swedish Krona-Japanese Yen 0 0 0 0
US Dollar/Swedish Krona 97 0 0 0
Norwegian Krone-Jap. Yen 0 0 0 0
Small US$-Swiss Franc 51 0 0 0
Sm.British Pound-US$ 107 0 0 0
Norwegian/Swedish 0 0 0 0
US Dollar/Norwegian Krone 93 0 0 0
Euro-Norwegian Krone 1 0 0 0
Pound Sterling - Canadian$ 0 0 0 0
Pound -Norwegian Krone 0 0 0 0
Pound Sterling-Sw. Krona 0 0 0 0
Pound Sterling-S.A. Rand 0 0 0 0
Pound-Australian $ 7 0 0 0
Euro-Australian Dollar 165 0 0 0
Euro-SWEDISH KRONA 16 0 0 0
Euro - Swiss Franc 42 0 0 0
Small US$-Japanese Yen 6 0 0 0
British Pound-Swiss Franc 0 0 0 0
Small US $-Canadian $ 0 0 0 0
British Pound-Japanese Yen 10 0 0 0
US Dollar/Czech Koruna 0 0 0 0
US $/Hungarian Forint 1 0 0 0
Australian $-Japanese Yen 58 0 0 0
Euro-South African Rand 0 0 0 0
New Zealand $-Japanese Yen 0 0 0 0
U.S. Dollar-S.African Rand 1,455 0 0 0
U.S. Dollar - N. Z. Dollar 0 0 0 0
Swiss Franc- Japanese Yen 106 0 0 0

INDEXES
Continuous Commodity Index 1 0 0 0
RJ CRB Index 50 0 0 0
Russell 1000 Growth Index 0 0 0 0
Russell 1000 0 0 0 0
Russell 1000 Mini 793 0 0 0
Russell 2000 Mini Index 130,612 0 99 544
Russell 2000 Index 0 0 0 0
Russell 1000 Value 0 0 0 0
NYSE Comp Index 0 0 0 0




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What is Hedging & How it works?

Hedging is defined as holding two or more places at the same time, with the goal to lose in the first place by obtained from the other positions.

Usual hedging instrument is the position in a currency, the opening of an inverse for this function in the same currency A. This type of hedging instrument to protect the trader from taking margin calls as the other position will be if the first loses, and vice versa.

However, traders developed more hedging techniques to try to benefit from hedging and profit instead of just offset the losses.

On this page we'll talk about some of the hedging instrument techniques.

1. 100% Hedging.

This technique is safest ever, and most profitable of all hedging techniques while the minimum risk. This technique uses the arbitrage of interest rates (roll over rates) between brokers. In this type of hedging you two brokers. One broker which pays or charges interest at the end of the day, and the other does not cost or payment of interest. However, in this case should try to offer the maximum profit from, in other words, the greatest benefit from this kind of hedging.

The main idea of this type of cover to open foreign currency position HP to the broker, you'll pay high interest rates for each night of the position and is carried to open the field to position HP for the same currency with a mediator who does not charge interest for the implementation of trade. In this way, you'll have the interest or rollover that is credited to your account.

But there are many factors that you need to be taken into account.

A. The currency to use. The best combination for use GBPJPY, because at the time of writing this article, the interest credited to your account will be EUR 24 for every 1 regular long lot you have. You must contact your broker, because each broker credits a different amount. The range can be from $10 to $26.

B. The interest free broker. This is the hardest part. Before your account with a broker, you need the following:

i. Does the broker allow opening the position for an unlimited time?

ii. Does the broker charge commissions?

Some brokers are $ 5 flat every night for each lot held, this is a good, not appearance. For, when the broker charges the money to save your position, your broker will probably leave his position indefinitely.

C. Ownership of your account. Hedging requires a lot of money. For example, if you want to use the GBPJPY you 20000USD in each account. This is necessary because the maximum monthly range for GBPJPY in the last few years was the 2000 Pips. You do not want to be one of your accounts to margin calls. Remember that if your 2 position on the 2 agent, you pay the spread of some 16 stones together. If you are using 1 regular lot, then it is about 145 USD.

So you trade, lost $ 145. So you have the first 6 days just to cover the cost of expansion. So, if you have margin calls again, to close your position, and then transfer money to your other account, and then re-open position. Each time this happens, you will lose $ 145! It is important that it is not activated. It is possible to manage large capital, and a quick way to transfer money between brokers.

D. Money management. One of the best ways to manage such an account is to monthly withdraw profits and balancing your positions. This can be a surplus of withdraws from one account and receive the investment of surplus in the losing account. However, this can be expensive. You would also need to contact your broker if he allows withdrawals and your position is still open. Effective way to is to use the services brokers provide withdrawals the third company

Forex: USD/JPY's rally finds resistance at 98.30

FXstreet.com (Barcelona) - The Dollar reaction from 97.10 intra-day low against the Yen has found a resistance after the 120 pips daily increases at 98.30, currently the pair is trading around 98.10/20, 0.80% above today's opening price.

Gold and Oil early American session's drops have fueled the USD strengthening despite US Stocks opened higher. Gold collapses from 963.90 to 949.85 in the early American morning as well as oil barrel, which it falls below 70.50 level from 71.50.

According to Valeria Bednarik, FXstreet.com collaborator, Stocks retrieve most of early gains together with gold and oil that gave up some ground too, changing the intra-day bias, and sending dollar up across the board: "Pair made a nice come back from the 97.20 lows, and is facing first important resistance at 98.30, a short term descendant trend line coming for 98.90 highs. New candle opening above that zone, will send the pair to test a longer term one around 98.60. Supported by CCI cutting the 0.00 line and price above the 20 SMA yet contained by the strong selling level around 99.00, expect more rises once first line is cleared. Bigger time frames are slowly changing bias, and the bullish perspective will remain valid, as long as the pair holds above the 97.00 zone."

• USD/JPY

USD/JPY (Jun 10 at 17:47 GMT)

98.35/38 (0.98%)

H 98.39 L 97.06

S3	S2	S1	R1	R2	R3
98.0082	98.1155	98.2228	98.4373	98.5445	98.6518

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jun 10 at 17:45 (15-minute timeframe)

[ View USD/JPY technical studies ]