March 2009 News

Forex and Dow Jones recommended levels

Published: March 6, 2009

1.2540 and 1.2517(main), where correction is possible. Break would give 1.2508, where correction also may be. Then follows 1.2476. Break of the latter would result in 1.2443. If a strong impulse, we would see 1.2420. Continuation will give 1.2402.
Today”s resistance: -1.2586 and 1.2611(main). Break would give 1.2660, where a correction is possible. Then goes 1.2696. [...]


Forex reserves level reaches $39.3 billion as of February

Published: March 6, 2009

The country’s gross international reserves (GIR) went up by $100 million in February to $39.30 billion, boosted largely by borrowings of the National Government from multilateral funding agencies.
The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the country’s GIR was enough to cover 5.9 months of imports of goods and payments of services and income. [...]


Daily Forex Market Summary

Published: March 6, 2009

The US dollar weakened against a basket of currencies after GM auditors voiced concern whether it could survive without bankruptcy and investors took profit in anticipation of hefty job losses in the US. Data showed the US unemployment rate hit a 25-year high of 8.1% after employers cut 651,000 jobs in February. These figures reinforced [...]


What are Your Options Regarding Forex Options Brokers?

Published: March 5, 2009

Forex option brokers can generally be divided into two separate categories: forex brokers who offer online forex option trading platforms and forex brokers who only broker forex option trading via telephone trades placed through a dealing/brokerage desk. A few forex option brokers offer both online forex option trading as well a dealing/brokerage desk for investors [...]


The Forex Martingale Strategy - Is It Profitable Or Not?

Published: March 5, 2009

The forex martingale system is one that’s used quite by a lot by forex traders. However it’s usually the inexperienced traders who are drawn to this system and unfortunately it nearly always ends in disaster. So can this martingale system really be profitable?
Well in my experience the answer is no. You may have some initial [...]


Obama’s Loan Modification Plan: 7 Things You Need to Know

Published: March 5, 2009

At the heart of the President Barack Obama’s ambitious plan to rescue the housing market is the conviction that restructuring distressed mortgages will keep struggling borrowers in their homes and help insert a floor beneath plummeting property values. With $75 billion dedicated to reworking troubled loans, that’s a big bet—especially considering that a top banking [...]


All Advantages of the Forex Market

Published: March 5, 2009

What are the advantages of the Forex Market over other types of investments?
When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. [...]


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