http://www.forex-trading.com/All activities are enabled on Ava forex trading platform, the ideal trading platform . It also covers most financial marketshttp://www.forex-trading.com/aud_falling_in_mayAUD is losing to strength against USD since the Australian labor market failed to show any improvement in May. According to official indicators released early this morning, there are only 7800 new jobs added in last month, despite the prediction for 25,000. Labor market figures along with the unchanged Interest rate of 4.75% show that Australia is struggling to get back on its feet since the lethal floods of last summer. Because of all these factors, AUD falls to USD 1.0580 getting closer to its medium term support at 1.0450. It should be mentioned that in early May AUD stood at the historic record high above the USD 1.10 line, but since then the Australian currency ahs been losing to USD. It should also be mentioned that the nearest USD resistance is at 1.0770. Forex trading is exciting with Metatrader2011-06-09http://www.forex-trading.com/gbp_rises_against_usdDespite mediocre numbers shown by the UK economy, GBP manages to gain strength, especially against USD. Today no major UK indicator is due, but Q1 GDP, released yesterday, had no surprises at store – 0.5% growth just as analysts had expected. April’s Mortgage Approvals disappointed with 29.4K only despite 32.2K predicted. But GBP manages to take advantage of USD’s weakness and reach $1.630. GBP is further supported by poor numbers shown by the US economy. It’s a two-week high for GBP that might signal a start of a new trend. The chart shows that since early May GBP has been falling  to its support at $1.6060 but recovers and goes up to the nearest USD’s resistance of $1.630. If GBP breaks this mark, it might reach the $1.65 line or even cross it. Open up to the exciting world of Forex Trading!2011-05-26http://www.forex-trading.com/skow_week_for_eurDespite the disappointing Euro indicators, EUR, supported by the Portugal bail-out, is getting strength against USD. The ZEW indicator of Economic Sentiment released yesterday, shows unexpectedly low numbers: 3.1 points in Germany (forecast of 4.8 points) and 13.9 points in Europe (forecast of 17.9). Despite that, EUR manages to recover a little to $1.4270 due to disappointing numbers demonstrated by the US Labor Market and the manufacturing Sector. Earlier this week EUR was standing at its short-term support of $1.4050, but now this currency gains over 200 pips showing that the recent downtrend can be reversed. It should be mentioned that USD’s nearest resistance is far away at $1.4900. Please note that Forex is a potentially profitable but risky market, and not to be taken lightly!2011-05-18http://www.forex-trading.com/eur_falls_rapidlyEUR is rapidly dropping due to two reasons: concerns regarding Greece splitting her budget debts and USD’s positive momentum. Since the beginning of May the EUR/USD pair has been standing at USD’s resistance of $1.4950, but now EUR is falling losing over 700 pips in less than two weeks. Chairman Trichet’s pessimistic statements during the interest rate announcement added fuel to this fire. Now the pair stands at EUR’s short term support $1.4200, and the US Retail Sales that are due this week would probably affect both currencies. If this trend continues, the pair might end up at $1.4020, EUR’s next support.   Forex Trading is an exciting and profitable business  2011-05-12http://www.forex-trading.com/usd_crash_18_month_lowUSD crashes to 18-month low against EUR and the leading currencies just before the US Labor Market indicators are released. Analysts predict a mere 185K new jobs addition in April, when the March figures showed 215K. The unemployment rate is expected to remain at its current level of 8.8%. Yesterday ADP Non-Farm Employment Change was released showing 179K only despite the previous forecast of 200K. These disappointing numbers negatively affect USD that drops to $1.49 against EUR, and 18-month low for American currency. It should be noted that USD’s on the Forex Market downtrend has began in early January at $1.288. If the trend doesn’t change, EUR might cross the $1.50 line and head towards the next USD’s resistance at $1.5150 (last reached by the pair in December 2009). USD/JPY – 80.25 Disappointing ADP numbers cast a poll over USD/JPY pair. For the past s2011-05-05http://www.forex-trading.com/gbp_rises_with_gdpAfter the release of the encouraging UK GBP, it gains strength against USD. Despite the 0.5% decrease in Q4 of 2010, the Q1 of 2011 shows 0.5% growth. Moreover, Fed leaving the Interest rate at the current level and Bernannke’s pessimistic press conference caused GBP to rise against USD. When last checked GBP was standing at $1.6650 against USD after visiting USD’s resistance at $1.6750. The weekly chart shows that GBP has been on an upward trend since the beginning of 2011 rising from $1.5350. If this trend continues in the coming weeks the pair might break the $1.6750 resistance or even climb up to $1.70. Forex trading has high possibility for returns on your investment!2011-05-01http://www.forex-trading.com/eur_rises_with_interestThe EUR is rising against the leading currencies as the Euro interest rate was raised to 1.25%. This move brings optimism to the Euro markets for the first time since 2008. Now EUR stands at $1.4450 against USD (a 15 month record high). Since the beginning of 2011, EUR manages to climb up gradually passing its own support of $1.2870. Several important US indicators will be released this week: Retail Sales and Consumer Price Index. If these indicators show positive numbers, the present trend might be reversed. Negative numbers, however, might lead the pair towards the next USD resistance at $1.5150. EUR/GBP – 0.8890 EUR is gaining strength against GBP as well as the Great Britain struggles to improve its economic indicators and decrease the country’s huge budget deficit. The EUR/GBP pair stands now at £0.8890, a six month record high for EUR. It should be m2011-04-12http://www.forex-trading.com/aud_peaks_vs_usdThis morning AUD reaches a historic high against USD following the encouraging numbers shown by the Australian labor market. First of all March Employment Change demonstrated 37,800 new jobs, far exceeding the estimated 22,700. Moreover, the unemployment rate is down to 4.9%, although it was expected to stay at 5%. Recovery of the Australian labor market sends AUD to 1.0460 against USD, a new record for this currency that has been having a sharp upward trend for almost a year now. The weekly chart shows that this upward trend has started in late May 2010 when the pair was standing at AUD long term support of 0.8950. If the current trend continues, in the coming weeks AUD might even cross the 1.0500 line.  Metatrader is the best platform for Forex Trading.  2011-04-07http://www.forex-trading.com/usd_rising_this_weekUSD is gaining strength against the leading currencies due to a surprisingly high Q4 GDP that shows 3.1% growth. A cautious optimism on the American market is doing wonders for this currency. Now traders are waiting for the Non-Farm Payroll Report (due Friday) which is expected to show 191K new jobs in March – a nice addition the February figure of 192K. The unemployment rate released at the same time would most likely to remain at 8.9%. So in light of these events, USD demonstrates a sharp rise, especially against GBP, standing at $1.6020, and this despite GBP’s last week jump to USD resistance at $1.6400. Since then GBP sharply falls because of the weak UK Retail Sales. Now the pair is heading towards GBP support at $1.5950 which was reached twice by GBP over the past week. USD/JPY – 83.00 USD also gains against JPY despite positive indicators demonstra2011-03-30http://www.forex-trading.com/gbp_skyrocketsGBP skyrockets against the leading world currencies and even reaches its 12-month record high vs. USD this morning. It happens due to the surprising February index that leads to believe that Marvin King would raise the interest are sooner than expected. MPC Meeting Minutes will be published today are estimated to show that one third of the committee is ready to raise the interest rate in the country. The UK CPI released yesterday shows the 4.4$ inflation rate – it exceeds the 4.2% predicted. Now GBP stands at $1.6360 against USD – the level reached last over a year ago. But it should be noted that GBP upward trend has started in early January from the $1.5300 mark. Since then a weekly chart has been demonstrating a slow step-by-step incline for the British Pound. If nothing changes, the pair might reach USD long-term resistance far away at $1.6880. Forex2011-03-23http://www.forex-trading.com/aud_down_sharplyOver the last few days AUD has taken a major hit because of concerns that the situation in Japan might negatively affect Australian economy. Moreover, Australian indicators show no signs of economic recovery. Last week AUD has already begun to lose its height due to disappointing housing and labor market numbers. Because of all these factors, since early March AUD has lost over 200 pips and reached USD 0.9965. If this trend continues, AUD might reach its support at USD 0.9860. AUD/JPY – 81.30 AUD weakens against JPY because the falls on the Tokyo exchange draw all the attention away form the Yen that gains strength against some of the world currencies. Now AUD stands at ¥81.30 against JPY, the level very close to its next support at ¥81.00 (three month low for AUD). Analysts believe that JPY will have weakened over the next few weeks because of the n2011-03-15http://www.forex-trading.com/cad_peaksThe CAD reaches a three-year high against USD following the sharp rise trend which started a year ago at the CAD1.300 level. USD falls to the new 0.9710 low after the Canadian housing market showed positive numbers. Housing starts in Canada went up to 182K houses – way over 174K predicted. This encouraging indicators support the CAD while traders are waiting for the Canadian labor market indictors which are due this Friday. At the same time in the US, February Retail Sales are due, and they are expected to increase by 0.6%. Indicators from both sides of the border are to influence this pair’s trend, whereas positive US indicators might reverse this forex trading trend and get USD closer to its resistance at CAD 1.0750. In the opposite case CAD’s rally will continue.2011-03-09http://www.forex-trading.com/aud_falls_sharplyAUD has been falling rather sharply during the past few days despite the fact that Australian indicators indicate economic recovery in the country. March interest rate (released two days ago) remains at the current level – 4.75%. The purpose of this move is not to open a wider gap between Australian and other leading (USA, Euro-zone, etc,) economies where the interest rate is 1.0% or less. The GDP report released this morning shows that in Q4 of 2010 Australian economy grew by 0.7%, which exceeds the predictions by 0.1% only. Forex Trading experts and market specialists claim, however, that the Chairman of the RBA should have raised the interest rate due to great GDP figures. Now AUD is crashing against USD to 1.011 dropping from short-term USD resistance of 1.0200. This Friday the US labor market indicators are due for release, and they a2011-03-02http://www.forex-trading.com/nzd_fallsDue to the 6.3 earthquake in Christchurch, New Zealand (the second largest city in the country), NZD crashes on the global Forex trading market today. Reports of dozens of casualties, multi-million dollar damages and destruction drop NZD to a two-month low against USD at 0.7500. For the past two months this pair has been traded without any clear direction between USD resistance of NZD 0.7820 and NZD support of 0.7450. Until the damages are fully estimated, NZD will most likely keep falling and cross its support on the way to NZD 0.7400. NZD/JPY – 62.35 NZD loses sharply to JPY as well due to the quake and in spite of the Moody’s announcement that the country’s credit rating might be downgraded if it doesn’t control its public debt and make tax reforms. For the past 24 hours the NZD/JPY pair drops from ¥63.75 to ¥62.35. If nothing changes the pair mig2011-02-22http://www.forex-trading.com/eur_fallsFor the past two weeks EUR has been moving down further pushed in this direction by indicators that were released earlier today. The preliminary Q4 GDP report shows the mere 0.3% growth despite the predictions of 0.4%. It should be noted that the same thing happened in Q3 – the preliminary numbers had showed 0.5% growth but later were corrected to 0.3%. Moreover, ZEW Sentiment disappointed with only 15.7 points, much lower than 20.1 points predicted by analysts. So EUR has lost over 300 pips during the last two weeks falling from $1.3860 to $1.3530, and recovering from yesterday’s falls. EUR-GBP – 0.8420 Disappointing European indicators weaken EUR against GBP. In the UK itself the economy is not doing so great – CPI has showed a 4.0% increase in the inflation rate which is about 1% higher than the Government objection. The EUR/GBP pair stands n2011-02-15