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MAY 31, 2007
A new version of the Expert Advisor is available for free
GFSignals team is glad to offer a new version of the Expert Advisor as the ability to completely automate the forex trading process. It means that using the Expert Advisor, you wouldn't have to trade by yourself anymore if you wish. The platform executes Forex trading signal Alerts for you (don't worry, you can turn this function on or off as you please, so you stay in charge). In a new version various bugs have been fixed and some improvements have been made.
A new variable "CurrencyPostfix" has been added in the Expert Advisor Properties Inputs list. It allows assigning a postfix letter for currency symbol when it is necessary. This variable should be assigned in case if you have error messages while using the Expert Advisor like the following one: "GFSignals Auto Trading USDCHFm,M1: unknown symbol name USDCHF for OrderSend function". In this case "m" letter must be assigned to the CurrencyPostfix variable in order it to be added to currency symbol when auto trade with the Expert Advisor.
Check out Automated Forex trading signal Alerts page for a full overview of all the changes in a new version made.
MAY 28, 2007
View on USD/JPY: again at the long standing maximums
USD/JPY is shifting focus to the January-February 122.10/122.20 double top. Last week was the fifth week of declines for the Yen, the longest since a 6-week trend in September-October 2005. Last Wednesday 121.90 high would mark minor resistance before 122.10 next resistance. The main support is still at the 120.50 level.
Script 1 (40%): Side exchange fluctuations within the 121.00-122.20 area.
Next week the course is possible to remain in the region achieved of 121-122 (testing the January's maximum at 122.20), afterwards the further direction will get obvious (either break out 122.20 up or decline to the bottom of the fluctuations range).
Script 2 (30%): A downward trend to 119.50/120.00 to the March trend line testing.
An upward trend line lies in the 120.00 level region. It is very possible the pair decline to it, afterwards either a new upward impulse with the 122.20 level achieving/breaking may occur or trend line break down with a further decline to 118.00 (115-116 in prospect).
Script 3 (30%): An upward trend above 122.20.
It must not be ruled out the January's top level 122.20 break up. It may be both a short term impulse with a decline following to 121.00 and the beginning of an upward trend to 125.00 level region.
Resistances
121.90 - the last week resistance (a new May's minimum).
122.10 - the upper margin of the upward fluctuations channel.
122.20 - January, 2007 maximum - yearly resistance.
125.00 - expected rise target level if 122.20 breaking out.
Supports
120.50/70 - the last two weeks support.
120.00 - March rising trend lines, key support.
117.60 - April, 2007 minimum, upper triangle line support as well.
115.20 - March, 2007 yearly minimum - yearly support.
MAY 28, 2007
Trading results of forex signals providers for the week of May 21 - May 26, 2007
Last week was pretty tough to handle at the forex market. Some of our forex traders stayed out at all as they didn't have a strong feel for the forex market. Three of them had loses.
Total profit for this week amounted to +384 pips,
Active traders: 13, profitable: 10, losing: 3
Alijaan +231 pips
Anahita +177 pips
Andrey +112 pips
fxwiner_trader +99 pips
castafx +98 pips
MAY 24, 2007
A new version of the Expert Advisor for MT4 build 205 is available
MetaTrader 4 Client Terminal build 205 has been released.
In this connection we have a new version of the Expert Advisor for MT4 build 205 for auto trading Forex and now two versions of it are available for downloading through the subscription page at GFSignals.com.
If you are subscribed to our forex traders signals and trade using the Expert Advisor you may download the required version of it using the appropriate button at the subscription page.
MAY 23, 2007
Economic News and Events
Today's Key Issues (time in GMT):
The middle of the week like the first days will rather remain to be insensible for lack of the important economic news on USA. The most important events on Wednesday are Bank of England Minutes and Industrial New Orders SA issues. For forex traders would be better to wait until the situation becomes clear and just afterwards to make any decisions.
08:30 GB Bank of England Minutes
09:00 EZ March Industrial New Orders SA M/M 1.0% vs -0.7%
23:50 JPN April Merchnds Trade Balance Total ¥953.7B vs ¥1633.5B
Resistance levels:
USD/JPY: Y121.80, Y122.00, Y122.80
USD/CHF: Chf1.2330, Chf1.2460, Chf1.2550
GBP/USD: $1.9780, $1.9880, $1.9960
EUR/USD: $1.3520, $1.3620, $1.3680
Support levels:
USD/JPY: Y121.20, Y120.50, Y119.50
USD/CHF: Chf1.2240, Chf1.2220, Chf1.2170
GBP/USD: $1.9700, $1.9660, $1.9600
EUR/USD: $1.3440, $1.3420, $1.3360
Forecast about yen
The carry trade has remained intact however downside risks prevail as BoJ eyes further rate increases in the long term. For now, USDJPY remains bullish.
"We still have a weak yen, the carry trade continues," said Chris Furness, head of currency strategy at 4CAST Ltd. in London. "The carry trade will carry on for quite some time."
MAY 22, 2007
Economic News and Events
Today's Key Issues (time in GMT):
05:00 JPN April Supermarket Sales (Y/Y) - vs -1.5%
09:00 Germany May ZEW Survey (Econ. Sentiment) 22.0 vs 16.05
09:00 EZ May ZEW Survey (Econ. Sentiment) - vs 10.07
09:00 Germany May Zew Survey (Current Situation) 79.0 vs 76.9
23:50 JPN March All Industry Activity Index (M/M) -1.3% vs 0.9%
Today at 14:00GMT the term of the options expires:
EUR/USD; $1.3590(large),$1.3450, $1.3520
USD/JPY; Y121.35, Y121.20, Y121.05, Y121.00, Y120.90, Y120.50
EUR/JPY; Y164.00
EUR/GBP; stg0.6790
AUD/USD; $0.8240
USD/CAD; C$1.0900, C$1.1025, C$1.1220
MAY 21, 2007
Trading results of forex traders for the week of May 14 - May 19, 2007
This week our forex traders total profit amounted to +1369 pips,
Active traders: 18, profitable: 15, losing: 3
Ragpijin +715 pips
Alijaan +249 pips
Anahita +210 pips
Wizard +209 pips
FxFOCUS +178 pips
MAY 21, 2007
Economic News and Events
Today's Key Issues (time in GMT):
07.00 JPN Convenience Store Sales Y/Y April - vs -1.4%
08.30 GB April Public Finance (PSNCR) £-1.5B vs £17.2B
08.30 GB April Public Sector Net Borrowing £1.5B vs £8.5B
08.30 GB M4 Money Supply 0.9% vs 1% (M/M)
08.30 GB M4 Money Supply 12.5% vs 12.8% (Y/Y)
08.30 GB M4 Money Lending £17.9B vs £12.7B
13.00 World Bank press conference
14.00 US Fed's Braunstein testifies on sub-prime, Cleveland
Resistance levels:
USD/JPY: Y121.40, Y121.60, Y122.00
USD/CHF: Chf1.2280, Chf1.2350, Chf1.2400
GBP/USD: $1.9820, $1.9870, $1.9950
EUR/USD: $1.3540, $1.3620, $1.3680
Support levels:
USD/JPY: Y120.70, Y120.00, Y119.50
USD/CHF: Chf1.2240, Chf1.2220, Chf1.2170
GBP/USD: $1.9710, $1.9660, $1.9600
EUR/USD: $1.3460, $1.3420, $1.3360
MAY 18, 2007
Economic News and Events
Friday is poor for important economic indicators issues. Just three of them can be interesting for forex traders.
06:00 Germany Producer Prices (M/M) April 0.4% 0.3%
08:30 GB Retail Sales (M/M) April 0.6% 0.3%
14:00 US U. of Michigan Confidence May p. 86.2 87.1
MAY 17, 2007
Economic News and Events
Today's Key Issues (time in GMT):
On Thursday key date issue related to Japan which may influence on the currency movement on Forex market is expected.
BOJ Policy Board members are expected not to make any changes in economic and price conditions on their two-day policy meeting, and expected that it will keep its benchmark short-term interest rate untouched at 0.5 percent.
At the same time economists project that Japan's GDP expanded an annualized real 2.7 percent in the January-March quarter, compared with 5.5 percent the previous quarter, according to a Kyodo News survey.
BOJ Governor Toshihiko Fukui is scheduled to present his views on economic and price conditions at a press conference Thursday after the two-day meeting.
Japan's central bank is also scheduled to release a monthly economic report in which it is expected to maintain that Japan's economy is "expanding moderately."
Many economists believe the BOJ will implement another rate increase after the House of Councilors election scheduled in July.
JPN BOJ Target Rate May 17 0.50% vs 0.50%
01:50 JPN Gross Domestic Product (Q/Q) 1 Q, p. 0.7% vs 1.3%
08:30 JPN BOJ Governor Fukui to Hold Regular Press Conference
14:30 US Initial Jobless Claims May 12 315K vs 297K
16:30 US EIA Natural Gas Storage Change May 11 97 vs 96
Resistance levels:
USD/JPY: Y120.80, Y121.20, Y121.60
USD/CHF: Chf1.2250, Chf1.2280, Chf1.2350
GBP/USD: $1.9820, $1.9870, $1.9950
EUR/USD: $1.3570, $1.3620, $1.3680
Support levels:
USD/JPY: Y120.50, Y120.00, Y119.50
USD/CHF: Chf1.2220, Chf1.2170, Chf1.2120
GBP/USD: $1.9760, $1.9720, $1.9600
EUR/USD: $1.3510, $1.3460, $1.3410
MAY 16, 2007
News and Events
Today's Key Issues (time in GMT):
Housing starts is one of the leading economic indicators. It shows the number of the houses which are under construction and therefore the availability of credit. An increase in housing starts triggers economic growth.
US CPI data suggested that inflation is under control. Furthermore, investors believe that the European Central Bank is not through with rate hikes as growth and inflation figures support this expectation.
All these news are in favor of USD getting stronger.
10.30 GB Claimant Count Rate April 2.9% vs 2.9%
11.00 EZ Euro-Zone Consumer Price Index (M/M) April 0.5% vs 0.7%
13.30 US Housing Starts April 1480K vs 1518K
13.30 US Housing Completions April 1.620M vs 1.632M
15.00 US Fed's Plosser Moderates Atlanta Fed Panel on Derivatives
15.15 US Industrial Production April 0.3% vs -0.2%
16.30 US EIA Crude Oil Stocks (May 11)
17.00 US Fed's Kohn Speaks on Atlanta Fed Panel on Credit Derivatives
19.00 US Fed's Fisher Speaks in Fort Worth, Texas About Globalization
Resistance levels:
USD/JPY: Y120.60, Y121.40, Y122.00
USD/CHF: Chf1.2160, Chf1.2200, Chf1.2280
GBP/USD: $1.9870, $1.9950, $2.0000
EUR/USD: $1.3520, $1.3680, $1.3740
Support levels:
USD/JPY: Y120.00, Y119.50, Y119.10
USD/CHF: Chf1.2120, Chf1.2080, Chf1.2000
GBP/USD: $1.9840, $1.9800, $1.9730
EUR/USD: $1.3560, $1.3520, $1.3460
MAY 15, 2007
News and Events
Today's Key Issues (time in GMT):
This week is going to be quite tense for USD, because of the Tuesday's dates issue on CPI and Wednesday's dates on Housing Starts. Expect the USD to end the week very weak.
06:00 Germany Q1 Flash GDP 0.3% vs 0.9% (Q/Q)
08:30 UK April Consumer Price Index 0.3% vs 0.5% (M/M)
08:30 UK April Retail Price Index 0.5% vs 0.6% (M/M)
09:00 Euro Q1 Flash Euro-Zone GDP s.a. 0.5% vs 0.9% (Q/Q)
09:00 Euro Q1 Flash Euro-Zone GDP s.a. 3.0% vs 3.3% (Y/Y)
12:30 US April Consumer Price Index 0.5% vs 0.6% (M/M)
12:30 US April CPI Ex Food & Energy 0.2% vs 0.1% (M/M)
13:00 US March Net Long-term TIC Flows $73.2B vs $58.1B
17:00 US May NAHB Housing Market Index 33 vs 33
Resistance levels:
USD/JPY: Y120.50, Y121.20, Y122.00
USD/CHF: Chf1.2220, Chf1.2280, Chf1.2350
GBP/USD: $1.9840, $1.9880, $1.9920
EUR/USD: $1.3560, $1.3620, $1.3680
Support levels:
USD/JPY: Y120.00, Y119.50, Y119.10
USD/CHF: Chf1.2160, Chf1.2040, Chf1.2080
GBP/USD: $1.9780, $1.9700, $1.9640
EUR/USD: $1.3520, $1.3460, $1.3400
MAY 14, 2007
News and Events
OECD Forum 2007 - Innovation, Growth and Equity - Paris, 14-15 May 2007
The Organization for Economic Cooperation and Development (OECD) Forum will bring together leaders of governments, business and labor leaders, civil society personalities and leaders of international organizations to discuss pressing issues on the international agenda. The Forum will take place on 14-15 May 2007 at Palais Brongniart, Place de la Bourse, Paris.
At OECD Forum 2007 participants will discuss three themes:
Globalization and development: How can we better manage our water resources?
Investment: How to ensure it works to boost innovation?
Trade: What prospects for the multilateral trading system?
Health: How to ensure innovation goes hand in hand with equity of access?
Read more: http://www.oecd.org/site/0,2865,en_21571361_37578380_1_1_1_1_1,00.html
Today's Key Issues (time in GMT):
08.30 GB April PPI Input 1% vs 1.2% (M/M)
08.30 GB April PPI Output 0.5% vs 0.6% (M/M)
09.00 EZ March Euro-Zone Industrial Production 0.3% vs 0.6% (M/M)
14.30 GB March Leading Indicator Index
20.00 US Fed's Fisher speaks in Washington on Service sector
Resistance levels:
USD/JPY: Y120.30, Y120.60, Y121.20
USD/CHF: Chf1.2220, Chf1.2280, Chf1.2350
GBP/USD: $1.9840, $1.9880, $1.9920
EUR/USD: $1.3560, $1.3620, $1.3680
Support levels:
USD/JPY: Y120.00, Y119.50, Y119.10
USD/CHF: Chf1.2160, Chf1.2040, Chf1.2080
GBP/USD: $1.9800, $1.9760, $1.9720
EUR/USD: $1.3520, $1.3460, $1.3400
MAY 14, 2007
Forex signals providers results for the week of May 7 - May 12, 2007
Total forex traders profit: +2711 pips,
Active traders: 17, profitable: 15, losing: 2
Ragpijin +726 pips
Jpysun +672 pips
Wizard +330 pips
EasyTrader +259 pips
Koyster +137 pips
This forex trader has successfully passed through a testing stage and now is available for subscription as a forex signals provider.
He mainly trades with orders. All his signals have take profit values and just a little part of them is closed manually.
This week result: +199 pips with 20 positions
Total for the tested period (4weeks): +860 pips
More details concerning to our forex traders profiting you can find at Forex Signals performance page
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