Hello There,

From Today we are going to give you an Idea about the direction of our trade hope could be useful:

Our long position for eur/usd activated with target of 1.31 and 1.313. If the uptrend remains, the third target for intraday trading will be 1.3201.our weekly outlook for eur/usd is up.

eur/jpy Long position opened
The price might rebound from the first resistance level at 104.70, so we are planning to close some of our long positions near this level. The immediate support line is at 103.5

Please note that we don't want to send any buy or sell signal here and using them without knowing our strategy may cause you a big loss.


Regards

Fxpublisher Group

Hello there,

we are not going to close our positions this week and we let our positions be open for next week.
We have buy positions for eur/usd,eur/jpy and aud/usd .

Hope till this moment you have had a great week with a lof pips.

Regards

Fxpublisher Group

   kenosky posted:
   Hello fxpublisher
ed
I am interested in the pamm cause i am not good in trading but want to invest money into the business but i have a question for you.
Why is it that your etoro system should be manage different from your Pamm account with instaforex. you said is not automated that means it will not bring the same income and benefit derived by etoro

The system sound discouraging, if there is preferential treatment in the management, means that my investment to your instaforex can be blown away in no time. Since i don't have big capital like 5k, 10k 20k. Any business oriented person should be able to management is business whether small or large
what do u have to say about this
thank you



Dear Kenosky,

About your question we should say that,first of all the eToro doesn't let us to trade with PAMM,and the min trade size with etoro is 10000 units(1 pip=1 $) . In our trading we don't use a big leverage so if we want to trade with small amount with big lot size mean over leverage and don't do that. This is the reason that the etoro account should be min 20k. BUT in instaforex they let to trade with 1 pip=1 cent. I means we can trade with small amount + all the small amount can go in one account and then we can trade with bigger amount.
Hope you understand our limitation about insta and etoro.

Please fell free to contact us if you have more questions.

Regards

Fxpublisher Support Team

Hi All,

The Euro today slipped to a new four month low to the Dollar. The political impasse in Greece raised continues to raise concerns in the markets about the possibility that Greece may renege on bailout pledges and in so doing, exit the currency bloc.

Higher yielding currencies were also driven down on concerns about slowing Chinese and global growth. This has though boosted the safe-haven Yen and Dollar.

Greek Party leaders would convene at 11:00 GMT but the expectation is that President Karolos Papoulias's proposal to form a technocrat government, would bring an end to the stalemate and make a new election the most likely outcome.

Most analysts are of the view that a fresh election will make it more likely for Athens to abandon its bailout pledges. As a result there is a strong expectation should that occur that Greece will abandon the Euro too.

In France, Francois Hollande will be sworn in today as president of the second-biggest Euro economy. This represents France's first power shift to the Socialists since 1981.

Earlier today the Euro stood at $1.2825, having fallen as low as $1.2814 which was its lowest level in almost four months.

Most market players are of the opinion that the Euro will, at least in the short to medium term, be headed down. Any rally from here will likely be a chance to go short.

The Dollar index rose to a four month high of 80.739 above its March peak.

Despite the Dollar's gains, speculation abounds that the U.S. Federal Reserve is willing to take additional easing steps should the U.S. economy deteriorate and this has curbed its rise somewhat.

U.S. retail sales and consumer inflation data are due out later in the day and are in focus, mainly because they could change the current expectations.

The Dollar moved only a little against the Yen to 79.86 Yen.

The Australian Dollar was hovering around a five month low against Greenback. The Aussie had briefly fallen to a five-month low of $0.9945, after the Reserve Bank of Australia's minutes of its May policy meeting had highlighted, that concerns about a cooling in growth and inflation were the reasons behind its unexpected 50 basis point rate cut earlier in the month.

The Aussie has also been pressured by concerns over slowing growth in China and other emerging economies, which have been the main drivers of global growth.

Regards

Forex Market Review And Upcoming Forex Calendar (May 21 ~ 25, 2012)

Here are some headlines that dominated the market for the week: Euro exacerbated its loss on further worries over Greece and France, the much anticipated Facebook IPO’ed this Friday but failed to boost the market, fear contagion and banking woes spread into Spain and Portugal.

In Greece, due to the failure to form a new coalition government, new elections are now scheduled for June 17th, with intense uncertainty surrounding the fate of Greece and the future of the pro- and anti-bailout parties. The situation in Athens deteriorated further, and fears led to a run on peripheral euro zone banks that on Monday alone (day after the election results), depositors withdrew €700M from Greek banks (since the beginning of the crisis, withdrawals have averaged between €2B and €3B a month).

In Spain, there were reports that depositors had withdrawn more than €1B from Bankia following its partial nationalization last week. Moody’s cut the ratings of 16 Spanish banks by 1-3 notches with the top two banks, Santander and BBVA, bore the brunt of the action with a 3-notch downgrade to A-3, as the credit rating agency noted deteriorating asset quality and little expectation of improvement for the sovereign economy.


In the US, while April industrial production rose on a yearly basis the most since December 2010, along with both strong April housing starts and building permits, the lowest Philadelphia Fed (-5.8 v 10.0E) reading in nine months and April Leading Indicators (-0.1% v 0.1%E) canceled out any positive data momentum. While the Feds are still reluctant to launch another round of Quantitative Easing and the fact that the above are second and third tier data, USD demand may remain mixed against other major currencies in the coming week.

In UK, BOE Posen stated that he might have been premature to say BOE had done enough on QE and that he never discussed keeping the powder dry on policy, and that there was less impact from latest round of QE than expected. This apparent flip flop of positions reminds me of John Kerry during his election campaign where he said “I voted for it before I voted against it…” In my opinion, this is confusing and when in doubt, sell the pound.


In the equity market, after two weeks of hype and some trading glitches at Nasdaq, which briefly delayed the opening of Facebook, the IPO started trading at $42.05 on Friday morning and finished the day at $38, right where the IPO was priced the day before. The market remains unimpressed at the moment, reflecting the general risk adverse sentiment.

Lastly, President Obama is hosting the G8 in Maryland this weekend, and while no major policy developments are expected, there has been plenty of chatter this week that leaders will discuss potential plans to calm markets and cope with potential Greece exit scenarios. Former ECB President Trichet commented on Friday that “In case a particular country does not apply the recommendations that are coming from the European Commission and the EU Council, and it appears it is impossible for that particular country to proceed…then it seems to me we should have the activation of federal government by exception.“

In conclusion, EURO may linger around the current levels with 1.2600 in sight, although some consolidation may take place pending on more negative news out of EU. With the Greek election scheduled for mid June, unless we get unexpected news out of Europe, EURUSD could remain range bound.
 CAD is likely to be driven by USD strength but should correct itself soon, it is probably best to stay out of CAD as its fundamental is diverging with its demand…
 AUD and NZD are likely to remain weak, although some consolidation over recent losses may take place.