Month: June 2009

By Fast Brokers

The Cable’s intraday rally topped out at our 1.6679 resistance, or October 30 highs, as we anticipated.  Bulls are stalling and taking profits after an incredible run with investors awaiting today’s data from the U.S. and tomorrow’s BOE and ECB meetings.  Speaking of data, Britain’s Services PMI came in above analyst expectations today, indicating expansion with a reading of 51.7.  Today’s Services PMI combines with climbing Construction and Manufacturing PMIs to make a home run for Britain as far as Purchasing Manager Indexes are concerned.  Hence, we continue to see the Pound exert relative strength and we view today’s movement as healthy weakness.  Meanwhile, if the Cable can defeat our 1.6679 resistance we may witness the beginning of another near-term bull run towards the psychological 1.70 level.  Our trend lines are gradually reaching their respective inflection points, though these collisions won’t occur until next week.  We placed a new tight near-term uptrend line on our chart to give an idea of where strong uptrend support sits.

All eyes will be on the U.S. today with a wave of key economic releases at bat and the Halifax HPI and BOE meeting on deck.  Therefore, we anticipate the volatility in major Dollar pairs to pick up and the present consolidation period may end quickly.  Today’s performance of the GBP/USD will rely heavily on the S&P futures and their ability to hold above May highs and our 2nd tier uptrend line.  If U.S. equities can build upon their upward momentum, then the Cable may follow suit due to their positive correlation.  We’ve seen considerable volume on up bars and we have yet to view a fundamental pullback.  Therefore, we maintain our bullish outlook on the GBP/USD trend-wise.

Fundamentally, we find resistances of 1.6522, 1.6587, 1.6679, 1.6734, and 1.6854.  To the downside, we see supports of 1.6462, 1.6379, 1.6343 1.6307, and 1.6233.  The 1.65 level acts as a psychological cushion with 1.70 serving as a psychological barrier.  The GBP/USD is currently exchanging at 1.6501.

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By Fast Brokers

The USD/JPY is exhibiting some interesting consolidative volatility while bouncing between our 2nd tier uptrend and downtrend lines.  It seems this pattern could continue until these two trend lines reach an inflection point, which may not be until Friday’s trading session.  Meanwhile, the GBP/USD, and EUR/USD are encountering some technical obstacles, indicating slightly consolidative patterns until Thursday’s double-header ECB and BOE meetings.  Investors will also get Capital Spending data from Japan late Wednesday.  The USD/JPY remains encouragingly above March 19 lows and is slowly floating north.  Therefore, the USD/JPY’s uptrend has a faint glimmer of hope.  The uptrend may ultimately rely upon a continued rise in the S&P coupled with investors regaining confidence in the viability of the U.S. Dollar.  However, despite the USD/JPY finding near-term support, we maintain our bearish outlook on the USD/JPY trend wise.  We haven’t seen any game-changing, fundamental moves to the upside to swing the momentum.  There are still 5 downtrend lines bearing down on price with the highly psychological 100 level hanging in the distance.  However, the USD/JPY may begin to wake from its sideways action as our trend lines collide.

Fundamentally, we maintain resistances of 96.33, 96.90, 97.45, 97.98, and 98.66.  To the downside, we find supports of 95.82, 95.12, 94.43, 93.77, and 93.11.  The 100 level serves as a key psychological barrier with 95 acting as a psychological cushion.  The USD/JPY is currently exchanging at 96.01.

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By Fast Brokers

Gold retested our 2nd tier downtrend line yesterday, yet failed to close above on our 4-hour chart.  The precious metal has since pulled back, finding comfort in our 2nd tier downtrend line once more.  Gold seems to be settling into a consolidation pattern with the critical $1000/oz level just out of reach.  Volume is declining gradually, and it appears investors seek a follow through from either U.S. equities or another strong leg of depreciation in the U.S. Dollar before the precious metal overcomes its own obstacles.  The fact that gold is finding strength in our 1st tier downtrend line is encouraging for bulls.  However, the inability of the precious metal to climb above 2nd tier is a little disconcerting.  Furthermore, until our 3rd tier downtrend line is breached, the possibility remains that gold could duck back into its medium-term downtrend line.  We will just have to wait and see how the present pullback plays out and whether fundamentals are compromised to the downside.

Encouragingly, this attempt to beat $1000/oz seems more promising than gold’s last try in February.  Both the GBP/USD and EUR/USD made fundamental bull statements a while back, and the global economic recovery is gaining steam.  Furthermore, crude has been on a tear as investors worry about future inflation.  Gold has traditionally served as a reliable inflationary hedge.  Therefore, we maintain our bullish outlook trend-wise unless the precious metal should make a fundamentally significant move to the downside.

Fundamentally we find resistances of $978.11/oz, $980.56/oz, $983.25/oz, $985.33/oz and $987.29/oz.  To the downside, we see supports of $975.81/oz, $972.34/oz, $970.35/oz, $967.81/oz, and $964.89/oz. Gold is currently trading at $977.30/oz.

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By Adam Hewison

In this week’s video we are revisiting Apple, Inc (NASDAQ_AAPL). I last looked at Apple on April 9th, when it was trading at considerably lower levels than where we are right now. At that time I made some projections using MarketClub’s Fibonacci tool, as to where I thought Apple was headed.

Obviously Apple has moved quite a bit and I want to revisit some of these key levels that I think may be a real challenge to this market in the very near term.

It’s a short video, but I’ll go into details about levels I think could affect this market.

See the New Video Here…

MarketClub’s “Trade Triangle” technology has been right on the money with Apple and continues to maintain a long position from $103.60.

The videos are always free to watch and there is no need to register. I would love to get your feedback about this video and your own predictions about these markets on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

EUR/USD has created one of our favored chart patterns.

In the below 30 minute timeframe chart, EUR/USD has created a false break out (See previous post regarding EUR/CAD) on the lower Bollinger Band. It has since revisited that level and held. We feel that the 1.4195 – 1.4200 level is a short-term support level.

We buy at market (current ask 1.4206) with a Stop Loss level at 1.4172, and a Target Level of 1.4265

Stay Nimble!

Stephen Leahy
Back Bay FX Services, LLC
www.backbayfx.com

Thanks to FX Sol and Accucharts for the below image.

Source: ForexYard

The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP Non-Farm Employment Change will be released.

ForexYard also advises its traders to follow the Crude Oil Inventories report, which is scheduled at 14:30 GMT. The rising prices of Crude Oil have become a top issue in financial sectors as of late, and the U.S inventories report should have a large effect on its pricing.

Economic News

USD – ADP Non Farm Employment Report on Tap – Will USD Weakness Continue?

The dollar dropped against most of its major currency rivals yesterday, as strong U.S. housing sales data reinforced optimism about the health of the global economy, sapping safe-haven demand for the greenback. All good news aside, by yesterday’s close, the USD fell sharply against the EUR, pushing the oft-traded currency pair to 1.4310. The dollar experienced similar behavior against the GBP and closed at 1.6588.

The dollar had begun the day staging a modest recovery after Monday’s steep drop, but the trend changed quickly as U.S. stocks turned higher, helping to renew the recent rally in higher risk currencies. Analysts said the dollar’s failure to recover shows that investors are convinced the we have seen the worst of the global crisis, and only have room to improve, which is encouraging them to buy higher risk currencies and assets.

A leading indicator released yesterday was the Pending Home Sales report. The figure saw its biggest monthly gain in 7.5 years which indicated that the U.S recession was easing. However, it failed to provide strength to the Dollar as investors may be waiting for key data due to be released today to implement their trading strategies.

Looking ahead to today, the most important economic indicator scheduled to be released from the U.S. is the ADP None-Farm Employment Change at 12:15 GMT. Analysts are forecasting this figure to decrease from its previous reading. Traders will be paying close attention to today’s announcement as a stronger than expected result may boost the USD in the short-term. Traders are also advised to follow Federal Reserve Chairman Ben Bernanke’s testimony at around 14:00 GMT. This testifies is very important as it is very likely to Impact the Dollar volatility. Traders are advised to watch closely, as this is likely to set the pace of the Dollar going into the rest of the week’s trading.

EUR – Will the EUR Hold its Recent Gains?

The EUR was affected by two main things in yesterday’s trading; the global stock market rally and mixed feelings ahead of Thursday’s Interest Rate decision by the European Central Bank (ECB). The U.S. stock market rally led investors to buy-back into the EUR, and dropped the Dollar, as investors looked for returns on risky investments in Tuesday’s trading.

The EUR appreciated by around 120 pips versus the USD to close at 1.4300 in yesterday’s trading. The EUR/GBP pair closed almost unchanged at 0.8631 ahead of Thursday’s Interest Rate decisions for both the Euro-Zone and Britain. Overall, the EUR, which for the last few months has been sold by most traders, is seeing these sell-positions unwind and is now making a small recovery. The question now is can EUR bullishness continue versus the Dollar?

Sentiment in the Euro-Zone economy has brightened in the past week following better-than-expected news. The EUR is showing signs of resilience even though there was volatility throughout non-Euro crosses. It will be crucial for traders to identify how the preceding economic indicators from the U.S., Japanese, and other key economies will affect their positions.

JPY – Yen Experiences Mixed Results against Major Currencies

The Yen completed yesterday’s trading session with mixed results versus the other major currencies. The JPY was broadly unchanged versus the EUR yesterday and closed its trading session at around the 136.60 level. The JPY also saw bullishness against the USD as it jumped around 70 points and closed at 95.70.
The Bank of Japan needs to keep an eye on the global economy as the Japan’s finance minister, Kaoru Yosano, said the country’s worst post-war recession has already hit bottom. But a full recovery might not come until early 2010 as manufacturers gradually lift output from very low levels.

Traders today have very little fundamental news emanating from Japan as the only indicator being released is the capital spending report. Analysts forecast the figure to decrease from its previous reading. This indicator typically generates small amounts of volatility. However, the GBP and the USD appear to be clutching the reins of today’s market. Traders would be wise to note its future direction as it usually carries a heavy impact on the other currencies.

Crude Oil – Traders Await Crude Oil Inventory Report

Crude oil rebounded from the day’s lows, finishing little changed at $68.20, as the dollar weakened against the EUR, bolstering the appeal of commodities as an alternative investment. Oil prices have risen every day since May 21 on snips of moderately good news from manufacturers, home builders and the U.S. government.

Today, the release of crude oil inventory is likely to help determine the market’s next direction for Black Gold. Oil inventories have fallen in each of the previous three reports from the Energy Information Administration but remain close to an 18-year high. The result of this was a dramatic increase of commodity prices. A release of a string of positive economic figures could help continue its bullishness. Therefore, traders are advised now to make some profits as the price of Crude Oil is set to remain volatile in the short-medium term.

Technical News

EUR/USD

The pair continued with the bullish trend, as it’s now being traded around the 1.4300 level. The 4-hour chart’s MACD is reaching the 0.010 level, suggesting that the bullish momentum has more steam in it. Going long seems to be the preferable choice today.

GBP/USD

There is a very accurate bullish channel formed on the daily chart as the Cable is now floating in its upper section. Currently, as all oscillators on the 4-hour chart are pointing up, it seems that another bullish session could take place today.

USD/JPY

After three failed attempts to breach through the 95.30 level, it appears that the pair has resumed its bullish activity. A bullish breach at the 4-hour chart’s Slow Stochastic also supports that notion. Going long with tight stops appears to be the right choice today.

USD/CHF

The pair continued its freefall as yesterday it dropped below the 1.0650 level. However, as a bullish cross is taking place on both the 4-hour and the daily charts, it seems that a bullish reversal might take place today.

The Wild Card – Gold

Bullish trends were initiated around the $880 level, and have continued with full steam as currently an ounce of gold is valued at $985. Currently, gold is reaching towards a very strong resistant level placed at the $989 level. If the resistant level will be breached, another sharp bullish move might take place. This could be a great opportunity for forex traders to join a very popular trend.

Forex Market Analysis provided by Forex Yard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

By GCI Fx Research

€

The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4245 level and was supported around the US$ 1.4100 figure.  U.S. equity markets staged a further recovery in response to better-than-expected U.S. pending home sales data that saw an increase of 6.7% in April, significantly above the 0.4% estimate.  There is a growing consensus that the U.S. economy has bottomed out.  May ADP employment change data and ISM non-manufacturing data will be released tomorrow.  In eurozone news, the EMU-16 unemployment rate escakated to its highest level since September 1999, rising to 9.2% from 8.9% in March.  Notably, 3.1 million people have lost their jobs in the eurozone over the past year and this will have an ongoing appreciable impact on final private demand.  Other data saw French April producer price inflation off 0.6% m/m and 5.5% y/y.  The European Central Bank convenes on Thursday and most traders believe policymakers will keep the ECB’s main refinancing rate unchanged at the current record low of 1.0%.  Euro bids are cited around the US$ 1.3435 level.

¥/ CNY

The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥95.30 level and was capped around the ¥96.65 level.  The U.S. dollar fell sharply across the board as traders reduced their long U.S. dollar exposure on fears that major foreign holders of U.S. dollar assets may have a declining risk appetite for U.S. assets.  The Nikkei 225 stock index climbed 0.3% to close at ¥9,704.31.  U.S. dollar offers are cited around the ¥104.15 level.  The euro moved higher vis-à-vis the yen as the single currency tested offers around the ¥137.45 level and was supported around the ¥135.75 level.  The British pound moved higher vis-à-vis the yen as sterling tested offers around the ¥159.20 level while the Swiss franc moved higher vis-à-vis the yen and tested offers around the ¥90.55 level. In Chinese news, the U.S. dollar strengthened vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8298 in the over-the-counter market, up from CNY 6.8257.

₤

The British pound appreciated sharply vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.6595 level and was supported around the $1.6320 level.  Many data were released in the U.K. today. First, April net lending to individuals expanded ₤1.287 billion, up from a revised ₤693 million in March.  Second, May PMI construction improved to 45.9.  Third, April mortgage approvals increased to 43,000 from 40,000.  Fourth, mortgage approvals improved to 43,201, an eleven-month high that indicated the housing sector may be improving.  Fifth, the April M4 money supply expanded 0.2% m/m and 17.4% y/y.  Sixth, BSA reported April gross mortgage lending was unchanged from March at ₤1.5 billion. Cable bids are cited around the US$ 1.6070 level.  The euro appreciated vis-à-vis the British pound as the single currency tested offers around the ₤0.8670 level and was supported around the ₤0.8600 figure.

Daily Market Commentary provided by GCI Financial Ltd.

GCI Financial Ltd (”GCI”) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (”Forex”) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (”CFDs”) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

By CountingPips.com

The Reserve Bank of Australia decided to hold its interest rate at its lowest standing since 1960 at 3.00 percent today. Today’s rate decision was widely expected and follows a rate hold in May after a reduction of 25 basis points in April.  The RBA had slashed the interest rate by 1.00 percent in February and in December for a total of 425 basis points since September 2008 in response to the global economic downturn.

Glenn Stevens, RBA Governor of Monetary Policy, commented on the global economy in the bank statement saying, “Evidence has continued to emerge that the global economy is stabilising, after a sharp contraction during the December and March quarters. The considerable economic policy stimulus in train in most countries is helping to contain the downturn, and should support an eventual recovery. The turnaround is clearest in China and some other emerging countries. Recovery in the major countries is likely to take longer to begin and be slower when it does occur.”

Stevens said that the Australian economy has continued to contract in 2009 and that job growth will likely fall going forward.  On inflation and the direction of bank policy, Stevens stated, “the prospect of inflation declining over the medium term suggests that scope remains for some further easing of monetary policy, if needed. In assessing how it might use that scope, the Board will continue to monitor how economic and financial conditions unfold, and how they impinge on prospects for a sustainable recovery in economic activity.”

In other Australian economic news today, the Australian Current Account deficit decreased by 27 percent in the first quarter of 2009 according to data released by the Australian Bureau of Statistics. Australia’s current account balance for the first quarter was a seasonally adjusted deficit of A$4,614 million changed by A$1,743 million from a revised A$6357 million million in the fourth quarter of 2008. Helping to decrease the deficit was a 22 percent surplus on goods and services while the income deficit decreased by 8 percent.

The Australian dollar was mostly higher in Forex Trading today as the aussie gained versus the US dollar, euro, Japanese yen and Canadian dollar while falling versus the New Zealand dollar.

Tomorrow stayed tuned for the release of the Australian Gross Domestic Product release for the first quarter of 2009. Forecasts are for a 0.2 percent decline which would bring the Australian economy into two straight declining quarters of GDP growth which is the general definition of a recession.

By Fast Brokers

Volume topped out yesterday as anticipated and the EUR/USD slipped down towards our 1.4117 support.  The currency pair is bouncing back on Wednesday despite the EU unemployment rate coming in one basis point higher than expected at 9.2%.  Our trend lines are reaching their inflection point right now, indicated we could see a bullish breakout today into the 1.43-1.44 range.  The present relative strength of the Euro is supported by a rising EUR/GBP.  However, yesterday the EUR/GBP registered significant losses from a technical standpoint.  The EUR/GBP sank beneath December 2008 lows, a very bearish move.  Therefore, even though we’re witnessing an intraday recovery in the currency pair, it appears the EUR/GBP’s downtrend has more room to go.  Hence, even though we maintain our bullish outlook on the EUR/USD trend wise, it seems the currency pair may continue to post a relatively weak performance as compared to the GBP/USD should the Dollar depreciate further.

Regardless of the near-term peak, the EUR/USD remains in great shape.  The currency pair continues its bull run with all foreseeable medium-term downtrend line pressures fading into the distance.  Even though the EUR/USD’s uptrend has played out beautifully, the currency pair is approaching some near-term obstacles which could result in some consolidation.  These obstacles include 12/29 and 12/18 highs.  Therefore, the 1.43-1.47 area could prove to be a bit challenging in the near-term.  While a wide 3% range, 1.43-1.47 gives you an idea of where the EUR/USD might bounce around.  1.43-1.44 could naturally serve as the 1st consolidation point with investors awaiting the results of the ECB meeting on Thursday.  We won’t see too much data from the EU until then, giving all the more reason to anticipate an incoming period of consolidation.  However, if the EUR/USD can manage to pop above 1.4432 then the currency pair may ignore 1.43 consolidation and accelerate near-term gains.

Meanwhile, economic data around the globe continues to improve.  Investors are shrugging off the GM bankruptcy in what appears to be a buy on the news.  While investors are anticipating the ECB to keep its benchmark rate at 1%, the central bank pulled a trick card last meeting by announcing the purchase of covered bonds.  As a result, investors will be paying more attention to the ECB’s action and if inaction language concerning their alternative monetary policy actions.  The EUR/USD should continue to benefit as long as the global economy recovers and investors exit the dollar from fear of inflation in the U.S.  Therefore, it appears we are returning to pre-crisis norms of a weak dollar and pricey oil.

Fundamentally, we maintain our resistances of 1.4222, 1.4290, 1.4325, 1.4374, and 1.4432.  To the downside, we hold our supports of 1.4187, 1.4117, 1.4078, 1.4024, and 1.3987.  The 1.40 area serves as a psychological cushion with 1.45 acting as a psychological barrier.  The EUR/USD is currently exchanging at 1.4216.

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By Fast Brokers

The Cable pulled back on declining volume yesterday, although losses were negligible.  The GBP/USD is already popping up Tuesday after British Construction PMI and Net Lending to Individuals both came in encouragingly above analyst expectations.  The recovery in the British economy continues to outpace even optimistic expectations, giving the Pound relative strength.  Though the EUR/USD is outperforming the GBP/USD on the present 4-hour bar, we believe the recent British economic data will help push the Pound higher over the remainder of the week.

Meanwhile, the S&P futures are breaking out to new yearly highs, adding fuel to the fire of the uptrend of both the Cable and the EUR/USD due to their positive correlation with U.S. equities.  However, as with the EUR/USD, we notice an upcoming zone of technical resistance which may result in some near-term consolidation.  For the Cable, the next obstacle becomes October 30 highs, making the psychological 1.65-1.66 zone a possible area of consolidation.  The GBP/USD has made quite a run as of late, and it wouldn’t be surprising to see some bulls cash in profits.

We’re going to see some more important economic data surface from Britain over the next few days leading up to Thursday’s interest rate decision.  With the EU pretty quiet until Thursday, we could see the GBP/USD exert higher comparative volatility for the time being.  Investors will watch for continued confirmation of a recovery in British economic data along with good news from the U.S. economy.  Despite our anticipation of approaching consolidation, we maintain our bullish outlook on the Cable trend wise due to the incredible progress made fundamentally over the past week.  The GBP/USD has left behind our key 2nd tier downtrend, meaning there is quite a bit of room to work with to the upside.

Looking ahead to Wednesday, Britain will release their Halifax HPI and Services PMI data points along with key numbers from the U.S.  If the data is better than expected all around, the GBP/USD may bypass consolidation and dart higher in optimism concerning a recovering global economy.  If the Cable can climb above our 1.6679 resistance the currency pair could really take off.  We maintain our bullish outlook on the GBP/USD due to the aforementioned analysis.

Fundamentally, we find resistances of 1.6462, 1.6522, 1.6587, 1.6679, and 1.6734.  To the downside, we see supports of 1.6379, 1.6343 1.6307, 1.6233, and 1.6170.  The 1.60 level acts as a psychological cushion with 1.65 serving as a psychological barrier.  The GBP/USD is currently exchanging at 1.6440.

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.