Salam....
Sorry for my late predictions today. I'm in Malacca visiting and relax huhuhu..
Trading Range is between 1.6100 to 1.6500 area.
1. SELL Area : 1.6281
T1 : 1.6250
T2 : 1.6200
T3 : 1.6150 - There is a possibility to drop deeper at 1.6000 area if break 1.6150. If fail CS may rebound to test back 1.6200 area.
2. BUY Area : 1.6321
T1 : 1.6375
T2 : 1.6421
T3 : 1.6500
Allah Hu.
Monday, August 31, 2009
Friday, August 28, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam....
Trading Range is between 1.6000 to 1.6500
1. BUY Area : 1.6261
T1 : 1.6304
T2 : 1.6332
T3 : 1.6450 - there is a possibility CS may test further up and if fail CS may drop back to 1.6200 area.
2. SELL Area : 1.6221
T1 : 1.6153
T2 : 1.6092
T3 : 1.6031
Allah Hu.
Trading Range is between 1.6000 to 1.6500
1. BUY Area : 1.6261
T1 : 1.6304
T2 : 1.6332
T3 : 1.6450 - there is a possibility CS may test further up and if fail CS may drop back to 1.6200 area.
2. SELL Area : 1.6221
T1 : 1.6153
T2 : 1.6092
T3 : 1.6031
Allah Hu.
Thursday, August 27, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam ....
Yesterday SELL area met as aspected and met my Target 3 (T3) and stop at 1.6160 before rebound back to 1.6247. Congratulations who got it and take the opportunity on confirmations. Let see what will happen today and my predictions is :
Trading Range is between 1.6000 to 1.6500.
1. SELL Area : 1.6227
T1 : 1.6160
T2 : 1.6100
T3 : 1.6055 - if fail CS may rebound back to 1.6200 area, but there is a possibility CS may test 1.6000 area or deeper. Dont belive me but trade on what you see and be alert on all the reverse signal.
2. BUY Area : 1.6267
T1 : 1.6352
T2 : 1.6439
Allah Hu.
Yesterday SELL area met as aspected and met my Target 3 (T3) and stop at 1.6160 before rebound back to 1.6247. Congratulations who got it and take the opportunity on confirmations. Let see what will happen today and my predictions is :
Trading Range is between 1.6000 to 1.6500.
1. SELL Area : 1.6227
T1 : 1.6160
T2 : 1.6100
T3 : 1.6055 - if fail CS may rebound back to 1.6200 area, but there is a possibility CS may test 1.6000 area or deeper. Dont belive me but trade on what you see and be alert on all the reverse signal.
2. BUY Area : 1.6267
T1 : 1.6352
T2 : 1.6439
Allah Hu.
Wednesday, August 26, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam...
Trading Range is between 1.6200 to 1.6600.
1. SELL Area : 1.6351
T1 : 1.6299
T2 : 1.6250
T3 : 1.6200 - If fail CS may rebound to 1.6350 area. If success CS may drop deeper to 1.6100 area.
2. BUY Area : 1.6391
T1 : 1.6443
T2 : 1.6486
T3 : 1.6529
Allah Hu.
Trading Range is between 1.6200 to 1.6600.
1. SELL Area : 1.6351
T1 : 1.6299
T2 : 1.6250
T3 : 1.6200 - If fail CS may rebound to 1.6350 area. If success CS may drop deeper to 1.6100 area.
2. BUY Area : 1.6391
T1 : 1.6443
T2 : 1.6486
T3 : 1.6529
Allah Hu.
Tuesday, August 25, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam ...
Trading Range is between 1.6200 to 1.6600
1. SELL Area : 1.6427
T1 : 1.6389
T2 : 1.6350
T3 : 1.6250
2. BUY Area : 1.6467
T1 : 1.6500
T2 : 1.6600
Allah Hu.
Trading Range is between 1.6200 to 1.6600
1. SELL Area : 1.6427
T1 : 1.6389
T2 : 1.6350
T3 : 1.6250
2. BUY Area : 1.6467
T1 : 1.6500
T2 : 1.6600
Allah Hu.
Monday, August 24, 2009
GBP/USD Pair @ 10.15 am (Malaysia)
Salam....
Trading Range is between 1.6300 to 1.6750
1. SELL Area : 1.6485
T1 : 1.6450
T2 : 1.6400
T3 : 1.6350
2. BUY Area : 1.6525
T1 : 1.6650
T2 : 1.6700
T3 : 1.6750
Allah Hu.
Trading Range is between 1.6300 to 1.6750
1. SELL Area : 1.6485
T1 : 1.6450
T2 : 1.6400
T3 : 1.6350
2. BUY Area : 1.6525
T1 : 1.6650
T2 : 1.6700
T3 : 1.6750
Allah Hu.
Friday, August 21, 2009
GBP/USD Pair @ 06.30 am (Malaysia)
Salam ....
Trading Range is between 1.6300 to 1.6750
1. SELL Area : 1.6497
T1 : 1.6450
T2 : 1.6400
T3 : 1.6365 - if fail to drop further CS may rebound to 1.6500 area. If success CS may drop deeper to 1.6300 area or deeper. InsyaAllah.
1. BUY Area : 1.6537
T1 : 1.6604
T2 : 1.6671
T3 : 1.6750 - If fail CS may drop back to 1.6500 area.
Congratulations to Pipsshooter who manage to get 200% profit yesterday. If he can do why dont you. If you follow the discipline and see the opportunity you may get what pipshooter got it yesterday. My advice just follow the rule and set your target that you may achive with full of discipline. Trade what you see only not what you think bro.
Allah Hu.
Trading Range is between 1.6300 to 1.6750
1. SELL Area : 1.6497
T1 : 1.6450
T2 : 1.6400
T3 : 1.6365 - if fail to drop further CS may rebound to 1.6500 area. If success CS may drop deeper to 1.6300 area or deeper. InsyaAllah.
1. BUY Area : 1.6537
T1 : 1.6604
T2 : 1.6671
T3 : 1.6750 - If fail CS may drop back to 1.6500 area.
Congratulations to Pipsshooter who manage to get 200% profit yesterday. If he can do why dont you. If you follow the discipline and see the opportunity you may get what pipshooter got it yesterday. My advice just follow the rule and set your target that you may achive with full of discipline. Trade what you see only not what you think bro.
Allah Hu.
Thursday, August 20, 2009
GBP/USD Pair @ 11.00 am (Malaysia)
Salam....
Trading Range is between 1.6200 to 1.6600 area.
1. BUY Area : 1.6521
T1 : 1.6563
T2 : 1.6590 - If fail CS may drop to 1.6500 area.
2. SELL Area : 1.6481
T1 : 1.6400
T2 : 1.6350
T3 : 1.6284 - If fail to drop deeper CS may rebound back to 1.6500 area.
Allah Hu.
Trading Range is between 1.6200 to 1.6600 area.
1. BUY Area : 1.6521
T1 : 1.6563
T2 : 1.6590 - If fail CS may drop to 1.6500 area.
2. SELL Area : 1.6481
T1 : 1.6400
T2 : 1.6350
T3 : 1.6284 - If fail to drop deeper CS may rebound back to 1.6500 area.
Allah Hu.
Wednesday, August 19, 2009
GBP/USD Pair @ 07.30 am (Malaysia)
Salam and hi,
Trading Range is between 1.6200 to 1.6800 area.
1. BUY Area : 1.6509
T1 : 1.6584
T2 : 1.6650
T3 : 1.6749
2. SELL Area : 1.6469
T1 : 1.6400
T2 : 1.6350
T3 : 1.6300
Congratulations who got the Buy area yesterday and manage to get up to 1.6550. At this moment CS still testing 1.6600 area. If fail CS may drop deeper at 1.6400 area. Then it will rangging there until there is sign to move further up again to test 1.6700 area. Please be alert on all reverse signal and keep your discipline and dont forget your daily target and dont follow my target, because it is not shure.
Today I will be at Selama, Perak and if you need my assistance just YM/Skype me or call me. You may get my contact at this blog. Until then let see what will happen today and be happy.
Allah Hu.
Trading Range is between 1.6200 to 1.6800 area.
1. BUY Area : 1.6509
T1 : 1.6584
T2 : 1.6650
T3 : 1.6749
2. SELL Area : 1.6469
T1 : 1.6400
T2 : 1.6350
T3 : 1.6300
Congratulations who got the Buy area yesterday and manage to get up to 1.6550. At this moment CS still testing 1.6600 area. If fail CS may drop deeper at 1.6400 area. Then it will rangging there until there is sign to move further up again to test 1.6700 area. Please be alert on all reverse signal and keep your discipline and dont forget your daily target and dont follow my target, because it is not shure.
Today I will be at Selama, Perak and if you need my assistance just YM/Skype me or call me. You may get my contact at this blog. Until then let see what will happen today and be happy.
Allah Hu.
Tuesday, August 18, 2009
GBP/USD Pair at 06.15 am Malaysia
Salam...
Trading Range is between 1.6000 to 1.1.6550
1. SELL Area : 1.6353
T1 : 1.6274
T2 : 1.6200
T3 : 1.6100 - there is a possibility to test 1.6000 area. If not CS may rebound to test 1.6300 area again.
2. BUY Area : 1.6393
T1 : 1.6450
T2 : 1.6550
Congratulations who got the SELL Area yesterday and met the T3 at 1.6300. Please be more discipline today and be aware on all reverse signal and dont forget the basic. Set your target and stop when you get it asap.
Allah Hu.
Trading Range is between 1.6000 to 1.1.6550
1. SELL Area : 1.6353
T1 : 1.6274
T2 : 1.6200
T3 : 1.6100 - there is a possibility to test 1.6000 area. If not CS may rebound to test 1.6300 area again.
2. BUY Area : 1.6393
T1 : 1.6450
T2 : 1.6550
Congratulations who got the SELL Area yesterday and met the T3 at 1.6300. Please be more discipline today and be aware on all reverse signal and dont forget the basic. Set your target and stop when you get it asap.
Allah Hu.
Monday, August 17, 2009
GBP/USD Pair at 11.10 am Malaysia
Salam....
Trading Range is between 1.6300 to 1.6700
1. SELL Area : 1.6525
T1 : 1.6486
T2 : 1.6400
T3 : 1.6300 If fail to drop deeper CS may rebound to 1.6500 area. There is a possibility CS may drop deeper to 1.6000 area within few days this week. Anyway let trade what we see on the chart with the relevan indicators.
2. BUY Area : 1.6565
T1 : 1.6600
T2 : 1.6666
Sorry for my late predictions today. Just come back from trekking with Dr Harven and our family. Dr. Harven Car broke down so have to fix it first then forex. Must solve problems first before you trade forex. That is one of the discipline because if you got problems or not in good conditions, please settle the problem at the first place. So when everything is settle, then your mind is clear and then you can see the market very clear.
Allah Hu.
Trading Range is between 1.6300 to 1.6700
1. SELL Area : 1.6525
T1 : 1.6486
T2 : 1.6400
T3 : 1.6300 If fail to drop deeper CS may rebound to 1.6500 area. There is a possibility CS may drop deeper to 1.6000 area within few days this week. Anyway let trade what we see on the chart with the relevan indicators.
2. BUY Area : 1.6565
T1 : 1.6600
T2 : 1.6666
Sorry for my late predictions today. Just come back from trekking with Dr Harven and our family. Dr. Harven Car broke down so have to fix it first then forex. Must solve problems first before you trade forex. That is one of the discipline because if you got problems or not in good conditions, please settle the problem at the first place. So when everything is settle, then your mind is clear and then you can see the market very clear.
Allah Hu.
Saturday, August 15, 2009
Saya Akan Berada Di Selama, Perak.
Salam...
Saya akan berada di Perak :
1. Tarikh : 19 - 21 August 2009
2. Tempat : Selama, Perak.
Sesiapa yang berminat hubungi saya di 0123952744
Allah Hu.
Saya akan berada di Perak :
1. Tarikh : 19 - 21 August 2009
2. Tempat : Selama, Perak.
Sesiapa yang berminat hubungi saya di 0123952744
Allah Hu.
Friday, August 14, 2009
GBP/USD Pair @ 06.15 am (Malaysia)
Salam fx World... Congratulations who got my BUY area yesterday and some of you got the T3 and some of you took 50 pips only. It depend on your target and Risk Management. For me just set your daily target and when you achived it just stop and wait others confirms signal and it a bonnuses for you. It up to you guys, your money is your responsibility. All the predictions is for my student not you... hehehehe. Allah Hu.
Trading Range today is between 1.6300 to 1.6800 area.
1. SELL Area : 1.6551
T1 : 1.6479
T2 : 1.6391
T3 : 1.6300 - If fail to drop deeper CS may rebound to test 1.6400 area again.
2. BUY Area : 1.6591
T1 : 1.6605
T2 : 1.6663
T3 : 1.6751
Allah Hu.
Trading Range today is between 1.6300 to 1.6800 area.
1. SELL Area : 1.6551
T1 : 1.6479
T2 : 1.6391
T3 : 1.6300 - If fail to drop deeper CS may rebound to test 1.6400 area again.
2. BUY Area : 1.6591
T1 : 1.6605
T2 : 1.6663
T3 : 1.6751
Allah Hu.
Thursday, August 13, 2009
GBP/USD Pair @ 06.30 am (Malaysia)
Salam and congratulations who got SELL and BUY Area yesterday... huhuhu (kaya-kaya). Syukran and TQ Allah. Allah Hu. For today the predictions is :
Trading Range is between 1.6300 to 1.6650...
BUY Area : 1.6500
TP1 : 1.6559
TP2 : 1.6600
TP3 : 1.6650 - if fail CS may drop back to 1.6400 area.
SELL Area : 1.6459
TP1 : 1.6400
TP2 : 1.6350
TP3 : 1.6300
Allah Hu.
Trading Range is between 1.6300 to 1.6650...
BUY Area : 1.6500
TP1 : 1.6559
TP2 : 1.6600
TP3 : 1.6650 - if fail CS may drop back to 1.6400 area.
SELL Area : 1.6459
TP1 : 1.6400
TP2 : 1.6350
TP3 : 1.6300
Allah Hu.
Ahlan Wahsahlan Ramadhan !!!
Assalamualaikum.
Do'a malaikat Jibril menjelang Ramadhan " "Ya Allah tolong abaikan puasa ummat Muhammad, apabila sebelum memasuki bulan Ramadhan dia tidak melakukan hal-hal yang berikut:
Tidak memohon maaf terlebih dahulu kepada kedua orang tuanya (jika masih ada);
Tidak berma'afan terlebih dahulu antara suami isteri;
Tidak bermaafan terlebih dahulu dengan orang-orang sekitarnya.
Maka Rasulullah pun mengatakan Amiin sebanyak 3 kali. Dapatkah kita bayangkan, yang berdo'a adalah Malaikat dan yang meng-amiinkan adalah Rasullullah dan para sahabat, dan dilakukan pada hari Jumaat.
Oleh itu saya terlebih dahulu memohon maaf jika saya ada berbuat kesalahan, baik yang tidak di sengaja maupun yang di sengaja, moga-moga dapat memaafkan segala kesalahan saya. Semoga kita dapat menjalani ibadah puasa dengan khusyuk, diberkati dan dirahmati Allah S.W.T,Insyaallah.
Semoga Bergembira Menyambut Ramadhan.
Do'a malaikat Jibril menjelang Ramadhan " "Ya Allah tolong abaikan puasa ummat Muhammad, apabila sebelum memasuki bulan Ramadhan dia tidak melakukan hal-hal yang berikut:
Tidak memohon maaf terlebih dahulu kepada kedua orang tuanya (jika masih ada);
Tidak berma'afan terlebih dahulu antara suami isteri;
Tidak bermaafan terlebih dahulu dengan orang-orang sekitarnya.
Maka Rasulullah pun mengatakan Amiin sebanyak 3 kali. Dapatkah kita bayangkan, yang berdo'a adalah Malaikat dan yang meng-amiinkan adalah Rasullullah dan para sahabat, dan dilakukan pada hari Jumaat.
Oleh itu saya terlebih dahulu memohon maaf jika saya ada berbuat kesalahan, baik yang tidak di sengaja maupun yang di sengaja, moga-moga dapat memaafkan segala kesalahan saya. Semoga kita dapat menjalani ibadah puasa dengan khusyuk, diberkati dan dirahmati Allah S.W.T,Insyaallah.
Semoga Bergembira Menyambut Ramadhan.
Wednesday, August 12, 2009
GBP/USD Pair @ 06.30 am (Malaysia)
Salam and hi....
Trading Range is between 1.6300 to 1.6600 area.
1. SELL Area : 1.6455
TP 1 : 1.6400
TP 2 : 1.6385
TP 3 : 1.6324 - If fail to break 1.6300 CS may rebound back to 1.6400 area.
2. BUY Area : 1.6495
TP 1 : 1.6522
TP 2 : 1.6600
Allah Hu.
Trading Range is between 1.6300 to 1.6600 area.
1. SELL Area : 1.6455
TP 1 : 1.6400
TP 2 : 1.6385
TP 3 : 1.6324 - If fail to break 1.6300 CS may rebound back to 1.6400 area.
2. BUY Area : 1.6495
TP 1 : 1.6522
TP 2 : 1.6600
Allah Hu.
Tuesday, August 11, 2009
GBP/USD Pair at 06.30 am Malaysia
Salam and hi...
Trading Range is between 1.6300 to 1.6800.
1. SELL Area : 1.6523
T1 : 1.6430
T2 : 1.6371
If fail CS may rebound back to test 1.6500 area again.
2. BUY Area : 1.6563
T1 : 1.6650
T2 : 1.6750
Possibility to test 1.6800 area.
Congratulations who got the SELL Area yesterday and some of you got my Target 3. Becarefull of reverse signal today and please reffer M15 before you decide to OP. Be alert on the indicator because most of them is OS and please set your target and stop if you achive it asap.
Allah Hu.
Trading Range is between 1.6300 to 1.6800.
1. SELL Area : 1.6523
T1 : 1.6430
T2 : 1.6371
If fail CS may rebound back to test 1.6500 area again.
2. BUY Area : 1.6563
T1 : 1.6650
T2 : 1.6750
Possibility to test 1.6800 area.
Congratulations who got the SELL Area yesterday and some of you got my Target 3. Becarefull of reverse signal today and please reffer M15 before you decide to OP. Be alert on the indicator because most of them is OS and please set your target and stop if you achive it asap.
Allah Hu.
Monday, August 10, 2009
GBP/USD Pair at 11.30 am Malaysia
Salam ........
Trading Range is between 1.6500 to 1.6900 area.
1. SELL Area : 1.6700
TP1 : 1.6650
TP2 : 1.6600
TP3 : 1.6537 - if fail CS may rebound to 1.6700 area.
2. BUY Area : 1.6741
TP1 : 1.6800
TP2 : 1.6850
TP3 : 1.6903
As long as 1.6834 area hold CS may test 1.6500 area again.
Allah Hu.
Trading Range is between 1.6500 to 1.6900 area.
1. SELL Area : 1.6700
TP1 : 1.6650
TP2 : 1.6600
TP3 : 1.6537 - if fail CS may rebound to 1.6700 area.
2. BUY Area : 1.6741
TP1 : 1.6800
TP2 : 1.6850
TP3 : 1.6903
As long as 1.6834 area hold CS may test 1.6500 area again.
Allah Hu.
Salam ... Kawan Kita dari kulim Kemalangan !!!!
Friday, August 7, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam and Hi.........
Trading Range is between 1.6700 to 1.7000
1. SELL Area : 1.6831
T1 : 1.6750
T2 : 1.6650
If fail CS may rebound to test 1.6800 area again.
2. BUY Area : 1.6871
T1 : 1.6953
T2 : 1.7030
Allah Hu
Trading Range is between 1.6700 to 1.7000
1. SELL Area : 1.6831
T1 : 1.6750
T2 : 1.6650
If fail CS may rebound to test 1.6800 area again.
2. BUY Area : 1.6871
T1 : 1.6953
T2 : 1.7030
Allah Hu
Thursday, August 6, 2009
GBP/USD Pair @ 06.00 am (Malaysia)
Salam and Hi.....
Trading Range is between 1.6700 to 1.7150
1. BUY Area : 1.6998
T1 : 1.7050
T2 : 1.7150 - If fail to test 1.7100 area CS may drop back to 1.6900 area.
2. SELL Area : 1.6953
T1 : 1.6899
T2 : 1.6835
T3 : 1.6750
Allah Hu.
Trading Range is between 1.6700 to 1.7150
1. BUY Area : 1.6998
T1 : 1.7050
T2 : 1.7150 - If fail to test 1.7100 area CS may drop back to 1.6900 area.
2. SELL Area : 1.6953
T1 : 1.6899
T2 : 1.6835
T3 : 1.6750
Allah Hu.
Wednesday, August 5, 2009
GBP/USD Pair @ 06.15 am (Malaysia)
Salam ....
Trading Range is between 1.6800 to 1.7150
1. SELL Area : 1.6921
T1 : 1.6888
T2 : 1.6850
T3 : 1.6800
2. BUY Area : 1.6961
T1 : 1.7002
T2 : 1.7055
T3 : 1.7150
Allah Hu.
Trading Range is between 1.6800 to 1.7150
1. SELL Area : 1.6921
T1 : 1.6888
T2 : 1.6850
T3 : 1.6800
2. BUY Area : 1.6961
T1 : 1.7002
T2 : 1.7055
T3 : 1.7150
Allah Hu.
Tuesday, August 4, 2009
GBP/USD Pair @ 06.30 am (Malaysia)
Salam....
Trading Range is between 1.6600 to 1.7050.
1. BUY Area : 1.6885
T1 : 1.6986
T2 : 1.7047
If fail CS may drop back at 1.6800 area
2. SELL Area : 1.6845
T1 : 1.6800
T2 : 1.6750
T3 : 1.6650
Congratulations who got the buy area yesterday and got the target at 1.6850. For today you must be more alert on all reverse signal. Everything is OB and CS should do some corections today. Please set your target and stop trade if you already achive it asap.
Until then let see what will happen today.
Allah Hu.
Trading Range is between 1.6600 to 1.7050.
1. BUY Area : 1.6885
T1 : 1.6986
T2 : 1.7047
If fail CS may drop back at 1.6800 area
2. SELL Area : 1.6845
T1 : 1.6800
T2 : 1.6750
T3 : 1.6650
Congratulations who got the buy area yesterday and got the target at 1.6850. For today you must be more alert on all reverse signal. Everything is OB and CS should do some corections today. Please set your target and stop trade if you already achive it asap.
Until then let see what will happen today.
Allah Hu.
Monday, August 3, 2009
GBP/USD Pair @ 11.30 am (Malaysia)
Salam ......
Trading Range is between 1.6300 to 1.6850
1. BUY Area : 1.6655
T1 : 1.6734
T2 : 1.6775
Possibility to test 1.6850 or CS may drop back to 1.6600 area.
2. SELL Area : 1.6615
T1 : 1.6539
T2 : 1.6471
If fail to drop deeper CS may rebound to BUY Area.
At this moment CS is in consolidations mode because everything is OB and might find support at 1.6600 area. If success CS may drop deeper to 1.6400 area. If not CS may test 1.6800 area within few days.
This morning CS already performed 2009 high at 1.6776 but fail to go up further. Please be alert on all reverse signal and please set your target.
Support is at 1.6610 and as long this price hold CS may test 1.6775 again.
Let see what will happen today and please confirm the signal before OP.
Allah Hu.
Trading Range is between 1.6300 to 1.6850
1. BUY Area : 1.6655
T1 : 1.6734
T2 : 1.6775
Possibility to test 1.6850 or CS may drop back to 1.6600 area.
2. SELL Area : 1.6615
T1 : 1.6539
T2 : 1.6471
If fail to drop deeper CS may rebound to BUY Area.
At this moment CS is in consolidations mode because everything is OB and might find support at 1.6600 area. If success CS may drop deeper to 1.6400 area. If not CS may test 1.6800 area within few days.
This morning CS already performed 2009 high at 1.6776 but fail to go up further. Please be alert on all reverse signal and please set your target.
Support is at 1.6610 and as long this price hold CS may test 1.6775 again.
Let see what will happen today and please confirm the signal before OP.
Allah Hu.
Sunday, August 2, 2009
Bagaimana Forex Bermula !!!
In 1967, a Chicago bank refused a college professor by the name of Milton Friedman a loan in pound sterling because he had intended to use the funds to short the British currency. Friedman, ho had perceived sterling to be priced too high against the dollar, wanted to sell the currency, then later buy it back to repay the bank after the currency declined, thus pocketing a quick profit. The bank's refusal to grant the loan was due to the Bretton Woods Agreement, established twenty years earlier, which fixed national currencies against the dollar, and set the dollar at a rate of per ounce of gold.
The Bretton Woods Agreement, set up in 1944, aimed at installing international monetary stability by preventing money from fleeing across nations, and restricting speculation in the world currencies Prior to the Agreement, the gold exchange standard--prevailing between 1876 and World War I--dominated the international economic system. Under the gold. exchange, currencies gained a new phase of stability as they were backed by the price of gold. It abolished the age-old practice used by kings and rulers of arbitrarily debasing money and triggering inflation. But the gold exchange standard didn't lack faults. As an economy strengthened, it would import heavily from abroad until it ran down its gold reserves required to back its money. As a result, money supply would shrink, interest rates rose and economic activity slowed to the extent of recession. Ultimately, prices of goods had hit bottom, appearing attractive to other nations, which would rush into buying sprees that injected the economy with gold until it increased its money supply, and drive down interest rates and recreate wealth into the economy. Such boom-bust patterns prevailed throughout the gold standard until the outbreak of World War I interrupted trade flows and the free movement of gold.
After the Wars, the Bretton Woods Agreement was founded, where participating countries agreed to try and maintain the value of their currency with a narrow margin against the dollar and a corresponding rate of gold as needed. Countries were prohibited from devaluing their currencies to their trade advantage and were only allowed to do so for devaluations of less than 10%. Into the 1950s, the ever-expanding volume of international trade led to massive movements of capital generated by post-war construction. That destabilized foreign exchange rates as set up in Bretton Woods.
The Agreement was finally abandoned in 1971, and the US dollar would no longer be convertible into gold. By 1973, currencies of major industrialized nations became more freely floating, controlled mainly by the forces of supply and demand which acted in the foreign exchange market. Prices were floated daily, with volumes, speed and price volatility all increasing throughout the 1970s, giving rise to new financial instruments, market deregulation and trade liberalization.
In the 1980s, cross-border capital movements accelerated with the advent of computers and technology, extending market continuum through Asian, European and American time zones. Transactions in foreign exchange rocketed from about billion a day in the 1980s, to more than .5 trillion a day two decades later.
The Bretton Woods Agreement, set up in 1944, aimed at installing international monetary stability by preventing money from fleeing across nations, and restricting speculation in the world currencies Prior to the Agreement, the gold exchange standard--prevailing between 1876 and World War I--dominated the international economic system. Under the gold. exchange, currencies gained a new phase of stability as they were backed by the price of gold. It abolished the age-old practice used by kings and rulers of arbitrarily debasing money and triggering inflation. But the gold exchange standard didn't lack faults. As an economy strengthened, it would import heavily from abroad until it ran down its gold reserves required to back its money. As a result, money supply would shrink, interest rates rose and economic activity slowed to the extent of recession. Ultimately, prices of goods had hit bottom, appearing attractive to other nations, which would rush into buying sprees that injected the economy with gold until it increased its money supply, and drive down interest rates and recreate wealth into the economy. Such boom-bust patterns prevailed throughout the gold standard until the outbreak of World War I interrupted trade flows and the free movement of gold.
After the Wars, the Bretton Woods Agreement was founded, where participating countries agreed to try and maintain the value of their currency with a narrow margin against the dollar and a corresponding rate of gold as needed. Countries were prohibited from devaluing their currencies to their trade advantage and were only allowed to do so for devaluations of less than 10%. Into the 1950s, the ever-expanding volume of international trade led to massive movements of capital generated by post-war construction. That destabilized foreign exchange rates as set up in Bretton Woods.
The Agreement was finally abandoned in 1971, and the US dollar would no longer be convertible into gold. By 1973, currencies of major industrialized nations became more freely floating, controlled mainly by the forces of supply and demand which acted in the foreign exchange market. Prices were floated daily, with volumes, speed and price volatility all increasing throughout the 1970s, giving rise to new financial instruments, market deregulation and trade liberalization.
In the 1980s, cross-border capital movements accelerated with the advent of computers and technology, extending market continuum through Asian, European and American time zones. Transactions in foreign exchange rocketed from about billion a day in the 1980s, to more than .5 trillion a day two decades later.
Saturday, August 1, 2009
Congratulations Who Got My Buy Area Yesterday !!!
Salam and hi....
Congratulations who got the buy area yesterday and got the target and I've heard some of you got more 300 pips... huhuhu. Wish you all the best next week and please read my predictions everyday before you enter market. Everything is OB CS must do some retracement before testing back 2009 high at 1.6742 or up further. If fail CS will find the relevan support and if not enought will find more support before testing back the relevan resistance. Please be more discipline and be alert on all relevan reverse pattern. Dont forget your daily target and if you achived it please stop and wait for confirm signal before enter the market again.
On Daily Chart CS close High yesterday, that mean CS must drop deeper. If you got sell positions yesterday dont woory you might get something on early monday morning. So do sit infront of your computer on Monday morning. And good luck to you my frens. Dont forget Allah ok, so Allah may not forget you to. Amin.
If you got profit please do contribute some to this blog... hehehehe... I hope you do. Syukran and TQ Allah.
Until then happy weekend and this is the time for you and family to be together. Remembered this family first so you will be happy everyday.
Allah Hu... Allah Hu... Allah Hu.
Friends18.com Graduate Comments
Congratulations who got the buy area yesterday and got the target and I've heard some of you got more 300 pips... huhuhu. Wish you all the best next week and please read my predictions everyday before you enter market. Everything is OB CS must do some retracement before testing back 2009 high at 1.6742 or up further. If fail CS will find the relevan support and if not enought will find more support before testing back the relevan resistance. Please be more discipline and be alert on all relevan reverse pattern. Dont forget your daily target and if you achived it please stop and wait for confirm signal before enter the market again.
On Daily Chart CS close High yesterday, that mean CS must drop deeper. If you got sell positions yesterday dont woory you might get something on early monday morning. So do sit infront of your computer on Monday morning. And good luck to you my frens. Dont forget Allah ok, so Allah may not forget you to. Amin.
If you got profit please do contribute some to this blog... hehehehe... I hope you do. Syukran and TQ Allah.
Until then happy weekend and this is the time for you and family to be together. Remembered this family first so you will be happy everyday.
Allah Hu... Allah Hu... Allah Hu.
Friends18.com Graduate Comments
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Supply And Demand On TD: Join Me at Super Forex
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Salam and hi fxworld, Trading Range is between 1.6187 to 1.6750 1. BUY Area : 1.6541 a. T1: 1.6600 b. T2: 1.6661 c. T3: 1.6750 ...
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Bryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. ...
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Salam and hi.... Trading Range is between 1.6100 to 1.6662 1. BUY Area : 1.6349 (TP1: 1.6479 TP2: 1.6515 TP3: 1.6629) If fail CS may d...