Forex Crunch EUR/USD Sep. 30 – Pushing Higher After Irish Dip

EUR/USD Sep. 30 – Pushing Higher After Irish Dip
Euro Rally Endangered By Anglo-Irish Fate
Forex Daily Outlook – September 30 2010
5 Most Predictable Currency Pairs II
Will the Aussie Pause on the Way Up?

EUR/USD Sep. 30 – Pushing Higher After Irish Dip

Posted: 30 Sep 2010 02:40 AM PDT

EUR/USD dipped before the Irish news was released but returned back to the previous range and even pushes higher towards important resistance. Where will the Euro go on this busy day? Here’s a quick update on , fundamentals, fundamentals, and community trends. EUR/USD after Itish decision. EUR/USD Technicals Asian session: EUR/USD dropped down to 1.3560 [...]

Euro Rally Endangered By Anglo-Irish Fate

Posted: 29 Sep 2010 04:19 PM PDT

The Irish government will unveil a new plan for rescuing the Irish-Anglo bank on Thursday. The Irish finance minister said that a failure to keep the bank alive will “bring down” Ireland. Up to now, nothing has stopped the Euro rally. But saving the bank can have a contagious cost and could stop the impressing [...]

Forex Daily Outlook – September 30 2010

Posted: 29 Sep 2010 03:00 PM PDT

A very hectic day is expected. In the US Fed Chairman Bernanke Testifies & speaks in Washington DC; in Canada GDP; Building Approvals in Australia; NBNZ Business Confidence in New Zealand and more interesting news. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke testifies on implementation of the Dodd-Frank [...]

5 Most Predictable Currency Pairs II

Posted: 29 Sep 2010 09:26 AM PDT

Some currency pairs tend to “play by the rules” of technical analysis – when approaching a clear line of resistance or support, the pair will bounce back. And if the pair has the momentum to cross the line, it makes a clear break and doesn’t look back. But not all currency pairs are equal. Some [...]

Will the Aussie Pause on the Way Up?

Posted: 29 Sep 2010 06:08 AM PDT

The Australian dollar celebrated on the greenback’s weakness and reached new two-year highs. It’s now facing important fundamental and technical tests. AUD/USD is now trading at 0.9710, after already reaching 0.9730. These levels were reached after yet another break: Aussie rising in channel – click to enlarge. After breaking last week’s high of 0.96, AUD/USD [...]

Alan's Forex Blog

CFTC Implements New Forex Margin Restrictions – New Rules Go Into Effect October 18, 2010

Posted: 28 Sep 2010 07:01 PM PDT

CFTC

The CFTC has recently released new rules that go into effect October 18, 2010. Included in these new rules is an increased margin requirement from 100:1 to 50:1 for the major Forex currency pairs. Traders who are highly leveraged may need to take action ahead of the start of trading on October 17 (5:00 PM EST) to prevent margin selling in their account.

For further information I recommend you visit the CFTC website for their documents on the new requirements and policy: CFTC Factsheet PDF.

Sad news for me and no doubt many of you. I will either have to scale back my trading with the US brokers that I do business with on a regular basis or look for an offshore broker. I am strongly leaning towards the latter.

If you wish to share your opinion with other fx traders regarding this issue I invite you to join me on this forum thread:

http://www.forexnirvana.com/f7/cftc-proposed-leverage-changes-1355/

Happy trading everybody!

Cheers,
Alan

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