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Analytical department of the company LiteForex.

Discussion in 'Forex Trading Room' started by Mikhail Kurakin, Dec 7, 2009.

  1. Mikhail Kurakin

    Mikhail Kurakin New Member

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    Analytical department of the company LiteForex.

    On Monday morning, despite recent strengthening of european currency, EUR was traded 1.486-1.490 dollars, having no chance to get higher that 1.4900 because the interest to USD. Dollar grows today against major currencies, and the short-term ascending trend of US dollar is not something outstanding. The only exception today is yen which partially wins back Friday’s shameful falling.

    On Monday dollar is also supported by positive macroeconomic data on labour market, showing 20% against 10.2% earlier. Together with the USA labour market indicators (-11 thousand unemployed) investors have acted against former practice - they began to buy dollars. Apparently, owing to market optimism the Fed has reviewed its intentions concerning interest rate: at first it was expected to increase not earlier than 2012 but now it is predicted to happen in the middle of 2010.

    Friday’s data on labour market should not be overestimated though – it was a first silver lining, a sign of recovery but still each tenth American has no job. Therefore preliminary interest rate increase is quite doubtful, as there are still problems with labour market. In addition, we shall stress, that the Fed is unlikely to embark on loose monetary policy soon - after all it is very convenient for the economy in current conditions of falling consumer demand, low inflation and absence of price pressure. Hence, the conclusion might be as follows: dollar will remain cheap for some time as its growth today was nothing else but great expression of investors’ optimism.

    Today in second half of day the number of speculative transactions in the currency market can grow, as for lack of any significant macroeconomic statistics, hence, traders will cautious about performance of Mr. Bernanke, the head of the Fed, at 20:00, Moscow time. But the dollar is unlikely to break through 1.4720-1.4850 even if Bernanke’s speech is very encouraging.
    Now it seems obvious that dollar’s growth this Monday is a temporary reaction; on the other hand in the next six months Euro will show substantial growth.
     
  2. Mikhail Kurakin

    Mikhail Kurakin New Member

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    Forex: News from Dubai support the euro and pound, dollar awaits Fed meeting

    Start a new week for a single European currency in the forex market (Forex) has seen good: this morning during the Asian session, the euro strengthened against the U.S. dollar against the backdrop of news from Dubai. So, on Monday became aware of the fact that Abu Dhabi would not be killed neighbor and will allocate 10 billion to repay debt Dubai World.

    Note that it is today, the deadline for repayment of Islamic sukuk bonds, which amount to the Dubai World $ 4.1 billion and payments now will be to repay debt Nakheel worth $ 3.52 billion remaining funds will be used for current expenses, such as: payments percent of the current replenishment of working capital, repayment of debts to suppliers and contractors.

    The news certainly is positive, and this is clearly visible on the euro and the pound sterling on forex. As of 10:00 GMT, the euro is worth 1.4662, and today the currency is likely to be bargaining in the corridor 1.4650-1.4750. We remain of the view that the rise of the dollar, observed last week, short-term nature and the potential uptrend for the EUR has not been exhausted - in favor of the shows today and the technical picture of the auction.

    It is obvious that today, as on Tuesday, investors are unlikely to make sudden movements in the currency market on the eve of Wednesday, the Federal Reserve System, its decision on rates and follow-up comments. Of interest are the comments it is because the level of rates will remain at current levels. In the words of representatives of the Federal Reserve traders will look for hints of a possible collapse of mitigation policies, as well as the direction of the future monetary policy.


    Analytical department of the company LiteForex.
     
  3. Mikhail Kurakin

    Mikhail Kurakin New Member

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    LiteForex – spreads are getting lower

    Starting February 1, 2010 the LiteForex group of companies announces that spreads on majors are decreased.

    Starting February 1, 2010 the LiteForex group of companies changes trading conditions lowering spreads on major currency pairs and major cross pairs.
    “Now the difference between Ask and Bid for the most popular trading instruments among our clients is 1 pip lower that it used to be,” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “For example, the spread on EURUSD pair becomes 2 pips, and on USDJPY and GBPUSD – 2 and 3 pips respectively. We hope that the following changes will be a pleasant addition to the well-known list of advantages of working with LiteForex”.

    “The LiteForex group of companies offers to its clients a lowered fixed spread starting from 2 pips during February 2010 as a special promotion aiming to improve personal trading results of traders working with the group of companies,” – Aleksey Smirnov continues.

    According to the LiteForex quoting regulations the company reserves the right to change spreads in line with the current market conditions depending on volatility of the given financial instrument and on the amount of an interest rate as soon as such changes are required.
    Please visit our company page for more specific information upon the current spreads: open section “Trading instruments” of the LiteForex web site: http://liteforex.org/contracts.php?lang=en.
     
  4. Mikhail Kurakin

    Mikhail Kurakin New Member

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    LiteForex: a fresh look at the intraday trading

    The LiteForex group of companies presents to its clients a new set of trading instruments designed for intraday trading. The first achievement in this area is the IntraDay Eye indicator released in February 2010. This indicator allows trader to get a precise estimate of the current market situation in the shortest time.

    For more than a year the LiteForex group of companies clients have been using the latest practical groundworks in the field of MQL language for improving their trading systems. An exclusive set of software products being actively used by the company clients consists of about twenty different instruments (indicators, advisors and expert advisors) developed for Forex trading with the help of Metatrader 4. In February 2010 the set of instruments will be modified and added taking into the consideration the requirements of intraday trading.
    According to Sergey Khravchuk, an instruments designer, he is planning to “develop new instruments and modify old ones exactly for this trading style. Every indicator, script and expert advisor will be aimed to optimize each single function which an intraday trader uses all the time (from current situation analysis to pending orders execution)”.
    All the instruments will be published in the traders’ forum of the LiteForex company in the ForexTools section (http://forum.liteforex.org/). The thread is dedicated to the set of trader’s instruments developed by Sergey Khravchuk.
    The IntraDay Eye indicator is the first step towards the intraday trading efficiency growth. The IntraDay Eye is intended for marking out the trading sessions on the chart and showing news schedule, that is automatically downloaded from the internet with the special IntraDay EventsLoader script. News is displayed in such a way that a trader has an opportunity not only to read the news and correlate it with the particular moment but also visually watch its approach. There are several ways of displaying trading sessions, each way suits best for a certain type of tasks. The visualization of beginning and end of a trading session allows you to estimate the time slot with the most active trades at first sight and to clearly view the price dynamics during the session. Moreover the graphic representation itself allows to determinate easily the influence of the trading session results on each other.
    According to the instruments developer he has “a creation of a special indicator for displaying tick and real chart trades volumes of present and past and a serious of statistical indicators” in his future plans.
    “Such a great attention to the features of intraday trading can be explained by its popularity, ” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “A considerable amount of traders working with the LiteForex group of companies prefer exactly the intraday trading intending to trade as much efficient as possible on minute and hours periods. The IntraDay Eye is the first instrument in the list of necessary one for intraday trader. The importance of the indicator is identified by the need of trading sessions information and economical news to be provided to trader”.
    The new IntraDay Eye Indicator along with other ForexTools software products is available for testing on demo account of the company.
    To obtain the possibility to use the indicator in real trade a participant needs to receive a personal license for product usage on a real account. For LiteForex clients it’s absolutely free to obtain this license and it’s a completely simplified process.
    Though all the information is yet in Russian our English speaking clients can also obtain this kind of service.
    On our forum branch (http://forum.liteforex.org/showthread.php?t=48) you can ask our programmer a question or place an order for a license specifying:
    1) Number of your trading account;
    2) Type of your trading account (Lite or Real);
    3) Chosen component(s) of the package (the one you need a license for)
    For those traders who are not LiteForex clients there is also a way to obtain the license for fee on a developer’s website http://forextools.com.ua.
     
  5. Mikhail Kurakin

    Mikhail Kurakin New Member

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    LiteForex presents itself on YouTube

    In February, 2010 the LiteForex group of companies has started to broadcast its video reports using the advantages of the YouTube international information resource.

    Pictures and videos collected by LiteForex team during the ShowFxAsia international exhibition have inspired us to make this first video for YouTube (http://www.youtube.com/watch?v=unT44FiPI3A). The ShowFxAsia has been held in the end of 2009 in Kuala Lumpur (the capital of Malaysia). The exhibition was dedicated to all kinds of financial services: from Forex and futures market to securities markets.

    “Thanks to a very eventful activity of the LiteForex group of company in the frame of ShowFxAsia we have a huge amount of photos and videos illustrating LiteForex participation in the exhibition,” – Aleksey Smirnov, the LiteForex group of companies president comments. “The representatives of the company have been actively communicating with the exhibition visitors, were holding up special promotions, every-ticket-wins lotteries, were handing in presents to the company clients, were presenting exclusive bonus cards valid for depositing trading accounts, cards were of different value – from $10 to $500.”

    A 3-minutes video is some kind of a public report upon the participation of the LiteForex group of companies in the ShowFxAsia. Thus we are able to sum up the events going on in the exhibition section of the group of companies visually, to show all the participants and visitors.

    “It is the first time that we display video on behalf of the company,” – Aleksey Smirnov continues. – “And we highly appreciate this kind of experience, as the responses upon the published video and the amount of views for the first 24 hours prove that we did our best.”

    Also according to Aleksey Smirnov “within the scope of the planned work upon the development of the press and public coverage of the group of companies we are looking forward to display the company videos, reports and addresses on a permanent basis.”
     
  6. Mikhail Kurakin

    Mikhail Kurakin New Member

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    Forex: euro traded above 1.37 on a favorable external background

    A single European currency early on Wednesday, continues to gain strength: investors seem to be so far paid no attention to the subject of Greece and again today believe in the quick recovery of the world economy.

    By 10:30 GMT, the euro is worth 1.3742 against the level of 1.3770 yesterday, was slightly reduced at the moment after rising almost a figure for the last day.

    Before, we noted that the previously oversold euro needs a correction, but how extensive it will be until early to judge, and noted that in order to uptrend euro was stable currency to gain a foothold above 1.3855 level - then we will talk about the medium-term reversal trends. We must also remember that after a slight recovery is not ruled out another reduction in the euro to new local minima and testing of 1.3450 marks. It is also worth to note that the euro on the forex market was open a lot of short trading positions - to shut them down now and will facilitate the strengthening EUR. In addition, events in Greece, where trade unions cancel strike over pay cuts and jobs were perceived by traders as a positive sign that the cuts in government spending will be held in the country is soft and will lead to the desired result.

    Today in the market expect the publication of statistics on the rate of new housing in the U.S. - according to forecasts, the rate will increase compared with the levels in December by 4.1%, which should support the dollar.

    Today, most likely, the pair EUR / USD will trade in the range of 1.3640-1.3820.
     
  7. Mikhail Kurakin

    Mikhail Kurakin New Member

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    Forex: the fall of the euro was payback for a sharp correction earlier, the dollar is stable on Thursday morning

    In the currency market Forex (forex) on Thursday morning calm prevails - the main events took place the day before, when the euro went below 1.3600 with a daily maximum at 1.3775.

    Once investors started to analyze the fact that after the summit in Brussels was not accepted by any viable solutions, but only demanded that the EU only Greece guarantees the reality of his plan to reduce the budget deficit, began the mass selling the euro.
    Thus, after the euro on Tuesday began to grow, it took only two days for which the currency has managed to break out of the last of the corridor and go up to the level of 1.38 - but the massive sell-pushed to EUR 1.36, from which it hardly breaks out soon.

    The morning of Thursday at least EUR were moved to 1.3555, but these trades were generally speculative nature. Note that the next support level is at 1.3532, at the bottom of last week.
    Today's session on a pair euro / dollar is unlikely to be marked by a sharp change in vector of the auction: the players need time and information reasons to reconsider its attitude to the currency and strategies. It is worth to note that a strong optional barrier is about 1.35 - not impossible decline to this level.

    With regard to short-term forecasts, that to date we can expect further decline in the single currency lower than 1.34 - we wrote about this in past surveys, as a correction, apparently, were of a purely technical nature and in the fundamental virtue of the euro in the market believe only one.

    Supposedly, today's session, the euro / dollar will hold in the range 1.3470-1.3650.
     
  8. Mikhail Kurakin

    Mikhail Kurakin New Member

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    [​IMG]


    The LiteForex group of companies resumes a partnership program

    On February 18, 2010 the LiteForex group of companies resumes the application reception for the affiliate program participation.

    “We already had an experience of projects of this kind, and the experience was rather successful – the affiliate program was of great popularity among our clients. Then we suspended the program. And now we proudly present a new improved version of the program. We do not doubt the project to be successful: right after the launch of the affiliate program we began to receive applications for affiliate accounts opening. This fact indicates our partners consider working with us as really promising,” – Stanislav Kozlov, a specialist of the LiteForex affiliate programs department comments.
    It is obvious that the participation in such project is a tempting offer. An individual approach to each partner, revenue sharing attractive scheme is just the beginning of an advantages list. LiteForex is a recognizable brand in the whole world, a brand of high account and authority among traders’ community.

    “We are going to reward initiatives of our partners,” – Stanislav Kozlov contiues. – “Moreover we are supporting the diversity of affiliate web sites design and we don’t mind the owners of the web sites to keep their own design unchanged. we are ready to provide all the necessary banners and links.”
    There is an important thing we have to add: currently a new web site design and new client interface are being developed and they will be available next month for you to appreciate.
    For more detailed information upon the participation in the affiliate program please visit the “Partnership” section of the LiteForex web site: http://www.liteforex.org/affiliate.php
     
  9. Mikhail Kurakin

    Mikhail Kurakin New Member

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    LiteForex keeps on enlarging the set of trading tools.

    A new indicator ft.LotRuler has been included in the authors set of trading instruments "Forextools".
    The group of companies LiteForex gladly announces to its clients that the set of instruments "Forextools" has been enriched with one more indicator - ft.LotRuler. Today LiteForex is the best platform for testing users mechanical trading systems, experts and indicators. Operating the accounts is supported by many developers, Sergey Kravchuk, an author of "Forextools", is among them. Wed remind you that "Forextools" is a comprehensive tool set of mutually complementary indicators, experts and scripts designed for working with Forex market with the use of the platform MetaTrader 4.

    Since the beginning of 2010 Sergey Kravchuk has decided to pay special attention to the intraday trading tools. Designing of the Intraday Eye indicator, advantages of which the clients of the group of companies LiteForex have already appreciated in full measure, has become the first step in this direction. One more indicator ft.LotRuler is at traders disposal now.

    This indicator considerably simplifies calculation of possible profits and losses and makes it possible to visually estimate and choose a corresponding lot size. Sergey Kravchuk says, that "such a tool saves greatly time and takes care of nerves of those traders, who work under tense intraday conditions".
    The use of this indicator also simplifies the observance of "Money management" rules which is a precondition for successful trading in Forex market.

    One can get acquainted with a detailed description and some peculiarities of the use of a new indicator in the corresponding division of a new trader forum of the group of companies LiteForex at http://forum.liteforex.org/showthread.php?t=296. The installer and the license archive for LiteForex demo accounts are accessible on the same URL address. The clients of the group of companies LiteForex can have the license for operating real accounts free of charge. Those traders who arent clients of the group of companies LiteForex can buy this license on the developers site at http://forextools.com.ua.

    The group of companies LiteForex plans to constantly enrich and improve the offered set of instruments "Forextools" in the near future.
     
  10. Mikhail Kurakin

    Mikhail Kurakin New Member

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    Low spreads – good results!

    According to desires of our clients LiteForex keeps the trading conditions that were introduced on February, 1 unchanged.

    On February, 1 the Liteforex group of companies has introduced new trading conditions as a special promotion. The promotion included new fixed spread on major currency pairs and cross pairs starting from 2 pips. According to Alexey Smirnov, the president of the LiteForex group of companies “the improvement of trading performance of each trader working with the group of companies” was the main purpose of this promotion. And the goal was successfully achieved as the promotion gained a positive response form clients. That is why the LiteForex company management decided to make this promotion a permanent condition: “New trading conditions introduced on February, 1 this year will maintain from now on as conditions qualify with modern requirements of the majority of the group of company clients.” – Alexey Smirnov continues.

    The company takes care of both: intraday traders and traders that are using trading systems including automated. The spread amount issue is highly important for the letter type of traders.
    Trading conditions improvement is a direct consequence of the company policy that heads towards creating the best working conditions for the LiteForex clients.




    LiteForex extends a bonus promotion

    The LiteForex group of companies extends the promotion meeting its clients wishes

    A bonus promotion launched January 21, 2010 will be extended till the end of March. “Initially we planned to finish the promotion in the end of February, but after we saw how interested in it our clients had become we have decided to make the promotion last one month longer,” – Alexey Smirnov, the president of the LiteForex group of companies says.

    A bonus promotion had a great success among LiteForex company clients and there is no wonder why – an attractive scheme of bonus depositing opens new financial horizons for the promotion participants.
    “We have been always having a service of high quality and competitive trading conditions as our main goal. A trader taking part in our promotion can reduce his capital investments considerably and at the same time increase his trading opportunities,” – Alexey Smirnov continues.

    A bonus promotion had been widely discussed at the company’s forums at: http://forum.liteforex.org and http://forum.forexpeoples.com. You can find more information about the promotion conditions here: http://liteforex.org/promotions_depo.php.
     
  11. Mikhail Kurakin

    Mikhail Kurakin New Member

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    Fluctuations of capital markets and the impact on the ruble and the U.S. dollar

    On Thursday, the opening of trading the currency section of the MICEX dollar fell to a domestic ruble, but since recovered and is near yesterday's levels. By the ruble against the currency basket has not changed.

    So, the trading session for the USD today started with the level of 29.7 rubles (-11 cents against the closing levels of protection), but later buck strengthened to 29.83 rubles, thus withdrawing from the lowest level of 1.5 months.

    EUR started the session with a mark of 40.75 rubles (+3 penny).
    The cost of currency basket with the emergence of players collapsed to 34.7 rubles, but managed to recoup and recover to 34.75 rubles, almost yesterday's mark.

    The first price hikes today's session, it is due to the speculative mood of traders, and the current state of affairs when the ruble does not show a clear direction, points to the instability in the stock and commodity platforms.

    Rather, trading on Thursday for a pair of ruble / dollar will be in the range of 29.68-30.0 rubles per dollar.
     
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