Global Forex Trading

UWeb Site URL: http://www.gftforex.com/
Finance, RSS Feed Site Posted by Robert K. Foster
Sunday, November 11, 2007

One of the major Forex brokers available to individual investors.

"Global Forex Trading (GFT), Division of Global Futures & Forex, Ltd., was founded in 1997 by Gary L. Tilkin. GFT was created to address the increasing number of foreign currency trading demands Tilkin’s clients had in the futures and spot forex markets. Tilkin also formed GFT to bring integrity in products and improved customer service to forex customers, an emerging market for individual speculation.”

“Serving customers in 100 countries worldwide, GFT also works with referring parties that introduce new traders to GFT and its services. GFT also offers private “white labeling” of its software for companies who are looking to build their own brand in the market. The key to GFT’s popularity with independent affiliates is its ability to deliver reliable, competitive currency pricing and quality in its products and services.”

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GFTforex.com - Weekly Forex Trading Commentary

Global Forex Trading
( This RSS Feed: http://www.gftforex.com/rss/weekly.asp )

• Weekly Forex Market Commentary

  The crisis affecting the financial markets, especially in the US, is unprecedented. The house of cards built over many years on unreasonably cheep money, financial fraud, power abuse and lack of competent regulation has been blown away. The force of gravity always works, even if it takes longer than normal to assert itself. Those responsible for this historical disaster will remain largely unpunished and most of them will actually be rewarded. And so it goes. With the appetite for risk annihilated, the European and the commodity currencies were sold in panic against the Japanese yen. Barin

• Weekly Forex Market Commentary

  The demand for funding out of Europe and ongoing liquidation of yen crosses pushed the dollar sharply higher versus the European currencies last week.  While profit taking should be seen this week, the outlook for the currency remains strong. The risk to it is the equity markets, which have fallen sharply and should sink further, despite the no short-selling rule for financial stocks.

• Weekly Forex Market Commentary

  With the US financial world topsy turvy and with its jewels up for sale at fire prices all eyes on Monday will be on the US Congress and its political games in ratifying the Treasury's Troubled Asset Relief Program (TARP). This is not the time for games and details are very important. The money market is broken and on this milieu, currencies took a back seat to other asset classes. The dollar is lacking much direction, but given the illiquid trading conditions and the ratification of the TARP, its bias is up.

• Weekly Forex Market Commentary

  The dollar encountered unprecedented lack of liquidity last week (as only cable was affected in 1992/1993 and dollar/yen in 1998) as FX took a secondary position behind classic assets. The government didn’t save the day, but the year and probably the decade with an unprecedented operation to remove toxic assets from banks’ books and allow them to live and fight another day. There were other complex measures, but the bottom line is that we can re-start living our lives and FX will return to normality in early October. The dollar is facing divergent trading, probably strong against the yen and slightly weak versus the European currencies. Th

• Weekly Forex Market Commentary

  Volatility increased last week amid waves of financial turmoil. The problems of Fannie Mae and Freddie Mac seem to be in a distant past, even though it’s been only days since they were bailed out by the government, as the world shifted its focus in the sinking fortunes of Lehman Brothers, Merrill Lynch and AIG. And other big names are being mentioned more and more frequently in the same vein. With commodities under pressure, the oil probed the psychological $100/barrel barrier despite tropical storms threatening the Gulf Coast oil business.  But the dollar rallied too much, too fast, and this week should see it on the losing side of the ga

Global Forex Trading Blog | GFT Forex

Latest Posts
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• Investing in Emerging Markets

  
  Fighting poverty on Blog Action Day
  Today is Blog Action Day, and GFT Forex is proud to participate. This year's focus is on poverty. Poverty is a reality in many countries, and it does no credit to us if we do not use our potential to help our fellow humans.
  
  One way to fight poverty around the world is to invest in emerging markets. There are solid investment ideas, even in the most volatile of emerging market economies. It is also worth noting that, while the risk of loss is great, so is the potential for reward.
  
  So, if you have the risk tolerance and the capital, consider investing in emerging markets. As the people rise out of poverty, you may see returns that go beyond money.
  

  See Also

  • Emerging Market Currencies and the Forex Market
    Invest in emerging markets

• Commodity Prices Hit Down Under Currencies in Forex Trading

  
  Currency trading with the Aussie and the kiwiRight now, down under currencies are taking a hit in forex trading as the commodities they rely on fall on the market. (Oil prices are moving below $80 a barrel this morning.)
  
  In currency trading, the Aussie and the kiwi are supported by the global economy, and the trade in commodities. With stock markets retreating again, and with a global recession considered inevitable, down under currencies are heading lower in forex trading.
  
  Risk aversion also means that the yen carry trade, which generally benefits the kiwi and the Aussie, is unwinding.
  

  See Also

  • Down Under Currencies in Forex Trading
    Currency trading on the FX market

• Japanese Yen Gains in Currency Trading

  
  Carry trade continues to unwind on the forex marketThe Japanese yen is gaining in currency trading on the FX market this morning. As stock market bears emerge this morning, the carry trade unwinds on the forex market.
  
  Because the carry trade is a risky trade, it is no surprise that falling equities are resulting in an environment of risk aversion. This is leading to gains by the yen in forex trading. FX Street reports on this morning's currency market:
  
  
  The Yen gained broadly on Wednesday morning as investors showed concern that the credit crunch is reaching well beyond the financial sector, and might lead the global economy to a sharp slowdown. The carry traders were quick to close their sell position against the yen adding to its positive momentum.

  See Also

  • Japanese Yen in Currency Trading
    Trade on the forex market

• Will the Euro Ease in Currency Trading?

  
  Euro expected to drop against yen in forex tradingThe euro is expected to drop against the yen in forex trading on the currency market by the end of the year. This is, in large part, due to the toll the credit crunch is taking on the 15-nation currency.
  
  The euro is expected to ease in currency trading, as monetary policy in the eurozone catches up with what is happening around the world. Inflationary pressures are retreating in the eurozone, and that means that the ECB could lower interest rates.
  
  And, as monetary policy eases, so, too, will the euro in forex trading. It remains to be seen how the euro will fare against the greenback, but it is expected to fall versus the yen.
  

  See Also

  • Euro in Currency Trading
    Forex trading on the currency market

• U.S. Dollar Struggles in Forex Trading

  
  Currency trading with the greenbackWeakness in the U.S. stock market, which came yesterday after a dramatic rally in the morning, is keeping the U.S. dollar back in forex trading.
  
  With equities floundering, risk appetite is just not very strong in currency trading on the FX market. As a result, the greenback is mixed against major currencies, with the dollar index falling.
  
  Going forward, the U.S. dollar is going to need a show of economic and fundamental stability if it hopes to overcome the issues that are plaguing its performance in FX trading. Otherwise, the outlook in currency trading for the greenback looks somewhat bearish.
  

  See Also

  • U.S. Dollar in Forex Trading
    Currency trading on the FX market

• GFT Daily Market Commentary

  
  Forex Market Commentary for October 15, 2008 by Cornelius Luca

  GFT Daily Market Commentary

  
  The dollar recovered early losses against the European currencies and surrendered gains versus the yen on Tuesday, as short-term rates for dollars declined in the aftermath of global authorities injected $250 billion into banks to alleviate the credit crisis. The crisis is far from being solved, as the decline in the stock market following the brief, if meaty, recovery on Monday reminded us.  The dollar should attempt to advance versus the European and the commodity currencies on Wednesday, but take your cues in the morning from the auction set by leading European central banks.
   

  Euro/dollar

  
  The euro/dollar gave up early gains but my model remains long. The initial bias is now bearish.
   
  Immediate support is at 1.3545.  The next levels are 1.3500 and 1.3460. Below 1.3261, support comes at 1.3040.

  Initial resistance is seen at 1.3655. This is still followed by 1.3705, 1.3785 and1.3845. 
   
  Oscillators are bullish.

  
  NEAR-TERM: Slightly bearish
  MEDIUM-TERM: Mixed
  LONG-TERM: Bearish

  Dollar/yen

  
  Dollar/yen rallied to a one-week high, but gave it all up to close basically unchanged on Tuesday.  My model remains long, but the downside is favored. The medium-term outlook is bearish. 
   
  Good support remains at 101.25 from another 50-point pivot, which targets 100.75 and 101.75. The next level is 100.25 from a 50-point pivot, which targets 99.75 and 100.75.  

  Immediate resistance is at 102.30 from a 50-point pivot, which targets 101.80 and 102.80. The next level is 103.40.

  Oscillators are bullish.

  
  NEAR-TERM: Slightly bearish 
  MEDIUM-TERM: Bearish
  LONG-TERM: Mixed

  Sterling/dollar

  
  Sterling/dollar rallied into early Tuesday but it gave it all up into the close. My model remains long, but the downside remains favored. 
   
  Immediate support is still seen at 1.7335. The next levels are 1.7300, 1.7225 and 1.7120.

  Initial resistance is at 1.7500. Good resistance follows at 1.7655. Distant resistance is seen at 1.7765.
   
  Oscillators are bullish.

  
  NEAR-TERM: Slightly bearish
  MEDIUM-TERM: Mixed
  LONG-TERM: Bearish

  Dollar/Swiss franc

  
  Dollar/Swiss traded sideways in an inside range and my model remains short.  The medium-term risk remains on the upside.
   
  Initial resistance is still pegged at 1.1412. The next levels are 1.1440  and 1.1605 from a pivot high. 

  Immediate support is at 1.1310.  The next level is 1.1240. Below 1.1140, support is seen at 1.1055. 
   
  Oscillators are mixed.

   
  NEAR-TERM: Slightly bullish 
  MEDIUM-TERM: Bullish
  LONG-TERM: Bullish

• Risk and Currency Trading

  
  Forex trading offers a risky opportunityIt is important to recognize the risks inherent in currency trading on the FX market. While there is great opportunity for large gains in forex trading, the opportunity is coupled with risk.
  
  Right now, with the currency market particularly volatile, it is important to keep track of how risky things can get on the FX market. With the greater chance of returns, the amount of risk you have of losing increases.
  
  One of the things you can do is to place a stop loss order on your positions, and/or engage in profit taking. These actions can limit your exposure to risk in currency trading.
  

  See Also

  • Currency Trading on the FX Market
    Forex trading opportunities

• Australian Dollar Gains in Currency Trading

  
  Aussie in FX trading on the currency marketThe Australian dollar is gaining in currency trading on the FX market today. Thanks to various bank rescue efforts by governments around the world, the Aussie is finding itself supported in FX trading on the currency market.
  
  The Australian dollar relies heavily on the performance of the world economy and of stock markets. This is because, as a commodity currency, the Aussie is influenced by how much the world can afford to buy.
  
  Another consideration for the Australian dollar is the fact that it is a high yielding currency and part of the yen carry trade. As stability returns to the markets, there is a great chance that risk appetite also returns, improving demand for the Australian dollar. Bloomberg reports on risk appetite and the Aussie in FX trading:
  
  
  ``Collectively all these measure help with risk appetite,'' said Besa Deda, acting chief economist and strategist at St. George Bank Ltd. in Sydney. ``The Aussie dollar will still be subject to volatility. If we see a number of up-days in equity markets going forward that might provide the currency with some support,'' she said, referring to the currency by its nickname.

  See Also

  • Aussie in FX Trading
    Currency trading on the FX market

• U.S. Dollar Down in Forex Trading

  
  Greenback in currency tradingThe U.S. dollar is down in forex trading this morning as markets wait for further details surrounding a revised U.S. bank bailout plan. While the downward move by the greenback in currency trading was initially slow, things are picking up just a bit right now.
  
  U.S. dollar is dropping against the U.K. pound and the euro in forex trading this morning. Inflation is helping the pound, and the greenback was considered overbought against the euro.
  
  Things could change, though, after Secretary Paulson's remarks about the economy, the bank plan and any other matters he chooses to discuss.
  

  See Also

  • More on the Revised Bank Bailout Plan
    Expected effects of the bailout on the economy
  • Greenback in Currency Trading
    Forex trading with world currencies

• Inflation Helps U.K. Pound in Forex Trading

  
  Sterling on the currency marketThe U.K. pound is advancing in forex trading this morning, thanks to the latest inflation numbers. Although the sterling was slow to get moving on the currency market, it is now making some substantial gains.
  
  However, as is usually the issue with the U.K. pound in FX trading, the question remains as to how long any gains can be sustained. The British economy continues to slow, and that is likely to outweigh inflation concerns. This means that the sterling should be dropping again on the currency market relatively soon.
  
  Bloomberg reports on the latest moves by the U.K. pound against the U.S. dollar and the euro in forex trading:
  
  
  The pound advanced to 77.99 pence per euro as of 9:47 a.m. in London, rising for a third day, from 78.31 yesterday. Against the dollar, the U.K. currency climbed to $1.7500 from $1.7341.

  See Also

  • More on the U.K. Pound and Inflation
    Inflation in the British economy
  • U.K. Pound in Forex Trading
    FX trading on the currency market

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