Forex Signal July 5,2007

Forex Signal For Trade Today.

EUR/USD
Buy @ 1.3636 TP 1.3656 S/L 1.3596
Sell @ 1.3596 Tp 1.3576 S/L 1.3636

GBP/USD
Buy @ 2.0193 TP 2.0213 S/L 2.0153
Sell @ 2.0153 Tp 2.0133 S/L 2.0193

News Sources for Financial Trader

Getting the latest important news is a must for every Forex. The Internet is full of various sites, but not all them feature financial news or provide such news in a timely manner.

1. Bloomberg — the ultimate news source about everything that is in any way related to the financial markets. Categorization by the regions helps in finding important international news.
2. Forbes.com Breaking News — a great site to get the recent financial information, it also provides free news from several paid news sources (i.e. Associated Press). Stock market traders will like the coverage of almost all kinds of companies.
3. Reuters Business & Finance — Reuters is one of the most professional informational companies in the world and they offer news as a free service to everyone.
4. BusinessWeek — they may be too old-fashioned, but BusinessWeek still features some exclusive news content and the very professional analysis.
5. Financial Times — I like FT for they are not as US-centered as some other financial news sites, they offer a pretty good world news outlook. Can be recommended as a source of Forex related news if you prefer trading exotic currency pairs.
6. CNNMoney — opposite to FT, CNN prefers news from United States, but it’s still good because the majority of world stocks are concentrated on the Wall Street. It will also be useful to the Forex dollar traders.
7. CNBC — a "must have" bookmark for every currency trader; news on foreign currency markets are delivered at the top quality level.

Noesis Forex

Forex is a new phenomenon. In only 20 years, this industry has developed from almost nothing to a daily US$1.5 trillion market. How did this happen? Was it by design? Or was it by accident?
Well the answer falls somewhere in between. There are three distinct time frames that set the stage for today's style of currency trading. The first time frame is the pre-currency trading era of the 1950s. The second time frame is the worldwide, politically volatile atmosphere of the 1970s. The third time frame is what has occurred in this free market economy since the demise of the gold standard 30 years ago. In each time frame, there have been three catalysts: war, gold, and foreign banks- that have played a significant role in propelling currency development.

The History of Forex

The Forex market is a relatively new phenomenon. Never before in the history of the world have we seen such an amazing event. In only 30 years, this industry has developed from almost nothing to a daily US$1.5 trillion market. How did this happen? Was it by design? Or was it by accident?

Well the answer falls somewhere in between. There are three distinct time frames that set the stage for today's style of currency trading. The first time frame is the pre-currency trading era of the 1950s. The second time frame is the worldwide, politically volatile atmosphere of the 1970s. The third time frame is what has occurred in this free market economy since the demise of the gold standard 30 years ago. In each time frame, there have been three catalysts: war, gold, and foreign banks- that have played a significant role in propelling currency development.