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Hi everyone

Today is April 23rd, Saint George’s Day or The Day of the Rose.

http://en.wikipedia.org/wiki/St_George%27s_Day

Do not forget to buy a rose for the women you love and receive back from your ladies a nice book… you give a rosa and you receive a book, nice deal isn’t it?

Have a great day!

Francesc



note: Barcelona is packed today with rose and books stands in almost every corner of the city… Catalan flags on windows… and a sunny day to celebrate Sait Jorge day.

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My congratulations for Real Madrid for beating us on Saturday 1-2 and for winning the Spanish league after 3 years of Barcelona’s ruling. We all Barça fans have to admit that Real has been the best team this year in the league so nothing to argue about that…. But Chelsea, brace yoursef that we are coming to get you and you will not be so lucky as you were last week!

May the force be with Barça… one last time (we need it as the team is exhausted

Francesc

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Forex to be regulated in Russia by 2013by Adil Siddiqui at Forex MagnatesRussia commonly to refered to the ‘home’ of the oblivious Forex market is planning to fully regulate the spot FX market as a regulated asset class by 2013 according to Andrei Lozovoy a government representative.Retail investors have been heavily attracted to the liquid asset class, domestic Russian firms have been strong in marketing the product across the BRIC nation.

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is this true?

Francesc

 

HSBC Teams Up With Oanda To Launch Retail Margin FX Trading In Hong Kongby 4-TradersHSBC Holdings PLC (HBC) said Monday it has entered into a strategic relationship with Oanda Corp., an online currency-trading platform, to launch a foreign exchange trading service to retail customers in Hong Kong.

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Most Watched Forex Webinars Recordings - April 16-22#1 Sam Seiden - Live Trading and Analysis and Trading and Analysis

#2 Chris Capre - MONTHLY WEBINAR - Part I: Forex Price Action Trading - Patterns, Setups & Quantitative Data

#3 Rob Helean - My Favorite Trade Setups

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Another guest speaker has confirmed us the topic of his speech in our International Traders Conference in Barcelona next June 2012.

Ron William has just confirmed the topic of his one-hour speech is going to be:

“Market Timing using Candle Pattern Strategies in Volatile Markets”



Ron specializes on key market timing strategies to help identify high-probability turning points. This unique trading style offers an important edge during volatile “mean reversion” cycles. Successfully using Japanese Candle Pattern strategies within this approach can provide vital information about the market’s emotional condition and ultimately improve your trade profitability and risk profile.

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Nice job IronFX

Francesc

The Real Price Of Counterfeit Money [INFOGRAPHIC]by Business InsiderCounterfeit currency is a huge problem in the U.S. and abroad: it’s estimated that as much as 0 million in counterfeit cash is circulating in the U.S. right now.What is the real price of counterfeit money? Check out the neat infographic from our friends at IronFXto find out.

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Hi everyone

I’m proud to announce the launching of the beta version of Interbank Talk, the new news feed integrated inside FXstreet’s Market Talk section that I hope will be of your interest:

http://www.fxstreet.com/news/market-talk/

The purpose of this new news feed is to provide retail Forex traders with the view of the most important banks and trading firms of the Foreign Exchange Market. To grasp Forex interbank’s sentiment is our goal along with conveying their market tips and technical analysis.

At this time we receive research from Commerzbank, UBS, Deutsche Bank, Danske Bank, BBH, BBVA, la Caixa, TD Securities and Nomura among others…. and more to come soon.

The feed will be in beta testing for a couple of weeks so I will welcome your thoughts, comments and criticism as the feed is a personal bet of mine and I’m leading it, so for a few weeks I’ll be back in the trenches that it is what I like the most

Your help will be much appreciated

Francesc

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Interesting….

Francesc



SkyDesks- Trading in the Clouds: An Innovation in Forex VPS HostingSheldon Gardner, President of SkyDesks, Inc. announced the premiere of SkyDesks’ new website http://www.skydesks.com. SkyDesks offers a unique Forex Virtual Private Server (VPS) that is configured in minutes. SkyDesks offers subscribers free membership as well as a 2-week no obligation free trial. SkyDesks VPS includes a selection of installed Expert Advisors (EAs) which trade demo or live Forex accounts.SkyDesks is a Revolutionary VPS Designed for Forex TradersPRWEB) April 24, 2012

Sheldon Gardner, President of SkyDesks, Inc. announced the premiere of SkyDesks’ new website http://www.skydesks.com. SkyDesks offers a unique Forex Virtual Private Server (VPS) that is configured in minutes. SkyDesks offers subscribers free membership as well as a 2-week no obligation free trial. SkyDesks VPS includes a selection of installed Expert Advisors (EAs) which trade demo or live Forex accounts.SilverBullet and the popular JTA Evolution EA are two of the premium EAs offered. This month SkyDesks also introduced a new premium EA called SuperPipPirate (SPP).

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By Joel Kruger, Technical Strategist for DailyFX.com

Markets seem to be a little jittery heading into Thursday trade, and although most currencies are locked in a tight consolidation, there is a sense that we could soon see a major breakout. The European economic calendar is all but empty, but that will be just fine, with investors squarely focused on the highly anticipated Spanish bond auction results. The build-up ahead of the event risk and reaction post, will likely dictate the flow of trade for the remainder of the day, and could very well inspire the aforementioned breakout. Spanish yields have been tracking at uncomfortably elevated levels around 6% and any sign of a poorly received auction could open a move towards the 7%, a level which saw other PIG (Portugal, Ireland, Greece) nations needing bailouts.

While an unsuccessful auction result would jive with our core outlook, which tends to favor further liquidation of the Euro and risk correlated assets, we have a hard time accepting that the source for the next bout of risk liquidation will be driven off of today’s auction result. Simply put, we feel that there is quite a lot of pressure on the Eurozone right now, and with so much attention on today’s auction, it would likely be disastrous should the auction fail. Instead, we see a situation where the auction is well received as local officials attempt to ensure success in light of the downside risks to failure, and the Euro temporarily finds renewed bids that keep the single currency supported. At that point, we will then look to take advantage of any unexpected Euro rallies and look to build into our core Euro short position, with underlying fundamentals still unfavorable in the region. If we are wrong and the auction is in fact unsuccessful, then we will stand aside and wait to sell the Euro into the first post auction rally.

Elsewhere, it is worth keeping an eye on the EUR/CHF cross rate after SNB Jordan was finally announced as central bank chief on Wednesday. The central bank is committed to capping any additional Franc gains, and should we see any pickup in risk off trade, it could once again force the SNB into action, with the cross rallying towards 1.2100. The key level to watch, in our opinion, comes in at 1.2050, with a break required to accelerate gains. Other recent developments include more weakness in Australian data as highlighted by the latest NAB business confidence reading, and comments from the Bank of Japan Governor who said the central bank is committed to monetary easing.

 

ECONOMIC CALENDAR



TECHNICAL OUTLOOK



EUR/USD: The latest round of setbacks have stalled ahead of some key multi-week support by 1.3000 and from here we still can not rule out risks for additional consolidation above 1.3000, before considering bearish resumption. Ultimately, any rallies towards 1.3300 should be well capped, while a break and daily close back under 1.3000 would accelerate declines to the early 2012 lows at 1.2660.



USD/JPY: The latest pullback from the 2012, 84.20 highs was viewed as corrective and it looks as though the market has finally found some solid support ahead of 80.00. The setbacks have stalled by the top of the daily and weekly Ichimoku clouds and we look for the formation of a fresh medium-term higher low somewhere around 80.00 ahead of the next major upside extension back towards and eventually through 84.20. Overall, this is a market that has undergone a major structural shift in recent months and we now see the pair in the early stages of a longer-term up-trend. Ultimately, only a weekly close back under 78.00 would negate.



GBP/USD: The recent break back above 1.6000 now opens the door for fresh upside towards the October 2011 peak at 1.6150. However, any additional gains beyond 1.6150 should prove hard to come by, and we once again see risks for a bearish reversal in favor of renewed weakness back down towards key support by 1.5800. A break and close below 1.5800 will then accelerate declines. Ultimately, only a weekly close above 1.6150 would negate underlying bearish bias.



USD/CHF: Our core constructive outlook remains well intact, with the latest setbacks very well supported by psychological barriers at 0.9000. It now seems as though the market could be looking to carve a fresh higher low, and we will be watching for additional upside back towards the recent range highs at 0.9335 over the coming sessions. Above 0.9335 should accelerate gains towards the 2012 highs by 0.9600 further up. Ultimately, only back under 0.9000 delays and gives reason for pause.

— Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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