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GalleonFX’s Offer is ending soon with $1,000 MAs. I discourage people from rushing in though, it’s good to take a look and shop around if you’re looking for MA accounts, though $1,000 seem like a very small amount to start with for Managed.

Don’t rush into things

Dear Clients and soon to be clients,

Read the full post of GalleonFX’s $1000 Offer Ending Soon

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Clarence says, stay away from Market today!

Hi everyone,

There will be no TNT Market Analysis today as we are discouraging our TNT students and Group members to trade today due to the coming G7 Finance Ministers’ Meeting this weekend at Washington DC. We are expecting the forex market to be either very volatile or range tight. So do stay away from the market just for today.

Read the full post of TNT Daily Forecast - 19 October, Stay Away From Market

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Woo, you should check out Dan’s forecast with charts too!  Here’s Clarence view of the market for today.

US Dollar Index

The major trend of the US Dollar Index is still down. On Wednesday, the index went to a high of 78.180 before settling at 77.915, which is down by 0.275 compared to the previous day. The low of the week is 77.860. Immediate resistance to the Index is 79.548 (13-Week Moving Average Line), followed by 80.00.

Read the full post of TNT Daily Forecast - 18 October

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Hello,

Just a quick look at 3 currency pairs. I hope you will find my technical analysis observations useful.

Don’t forget to keep your trading system simple, it will work better!

Regards,
Dan
Life Holdings Management

Popularity: 25% [?]

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The British CPI figure came out today. It came in at 1.8% which was lower than the forcasted 1.9%. It would appear this data has all but ruled out another interest rate hike this year, maybe even for next year as well. There is even speculation of a rate cut before the end of the year. It’s important to remember that these numbers are lagged, so we are probably starting to feel the full effect of all the previous rate hikes in the UK. It seems Mervyn King has done a good job at controlling inflation so far, but there are still inflationary pressures that may not be fully “priced in” to the these figures. At the time of writing, Oil was making record highs in excess of $88 per barrel. If oil remains this high, it may send this figure back over the 2% area in the coming months.

Read the full post of British CPI Lower than expected. Cable slumps

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I’ve gotten permission from Clarence, admin of The Forex Club on Yahoo to reprint his daily insights with his TNT system. Check it out : )

US Dollar Index

The major trend of the US Dollar Index is still down. On Monday, the index went to a high of 78.130 before settling at 78.985, which is down by 0.175 compared to Friday. The low of the week is 77.860. Immediate resistance to the Index is 79.553 (13-Week Moving Average Line), followed by 80.00.

Read the full post of TNT Daily Forecast - 16 October 07

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Thanks to turbobiz for the update on FreedomRocks, a popular hedging forex system. NFA is clamping hard now as of my other posts on market makers and systems that promotes growing wealth without mentioning of the downsides of trading.

For the info of everyone not participating in FreedomRocks… Info on public forums will be harder to get.

Read the full post of Freedom Rocks Keeping it Low Now

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Source: Bloomberg Currencies

Oct. 10 (Bloomberg) — The yen fell to the lowest since July against the euro as a rally in Asian stocks and waning concern about a U.S. recession prompted traders to boost holdings of higher-yielding assets funded with money borrowed in Japan.

Read the full post of Bloomberg - Yen Falls to Lowest Since July Versus the Euro on Risk Appetite

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From ForexNews,

The greenback edged up higher against the majors in early US trading, firming to 1.4017 versus the euro and 117.48 against the yen before easing in the afternoon ahead of the FOMC monetary policy minutes. The currency market remains quiet as traders returned to their desks following the holiday to a dearth of fresh economic news.

Read the full post of MG Financial - Fed Minutes Supported USD

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I know GalleonFX has been around for quite sometime, but haven’t actually used their service before. If anyone is interested, for the month of October only, GalleonFX is offering their Managed Account services at $1,000.00 for entry.

To celebrate the great success of the improvements to our trading systems, Galleon’s normal $25,000 and $10,000 account opening minimum have been reduced to only a $1000 minimum for the month of October.

Read the full post of GalleonFX Offering $1,000 Managed Accounts

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