Thursday, 28 November 2013

Trading Hours on Metals for US Thanksgiving Holiday

NOTICE TO EXCEL MARKETS TRADERS AND CLIENTS

Please note that the trading time of certain financial instruments on US Thanksgiving Holiday, 28 and 29 November 2013 - outside of US - will run as follows:

CFDs on Metals 28th November Gold, Silver Closed: 19:30 - 01:00 Server Time (UTC +2) 29th November Gold, Silver Closed: 20:00 Server Time (UTC +2)

All other financial instruments will be unaffected by the changes and will be available for trading during normal trading hours.

It is recommended to close out positions on Metals as there is increased chance of volatility and stop losses may easily be hit.

Normal Opening resumes on Monday, 02 December, 01:00 Server Time (UTC +2)

If you have any questions or concerns regarding this matter please contact support@excelmarkets.com.

Excel Markets ECN Forex Broker Support
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Tuesday, 12 November 2013

Currency Wars Spark Bullish Dollar Opportunities

Steven Randolf, Excel Analyst

Have you had a chance to look at the Dollar index these days? It had slid 7% from the July 10th high of 85 to the October 24th low of 79 as the Fed continued to print 85 billion dollars each month to buy government bonds without taper. But then with a doji bar on October 25th, the dollar regained its footing, and has lept into a recovery mode from 79 to the 81.16 of Monday, 11th November.

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Monday, 11 November 2013

Speculators Heavy USD Buyers - COT Report 05 November 2013

CFTC Commitments of Traders (COT) Report 05 November 2013, published 08 October 2013, Technical Analysis.  For the first time in nine weeks, spec long positions in the USD has increased.  The total USD long is now up to 93,646 contracts, compared to only 12,746 contracts last week.  Shorts reduced their short position in the Euro and the SF.  The biggest reduction in short positions was in both the euro, and the SF.

There was an increase in the DI long, up to 10.8K contracts, the Japanese interest short, back up above 100K again.

There was selling of both the Canadian and the Australian Dollar, as the commodity currencies lose their appeal.
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Sunday, 10 November 2013

Trading Places - Excel Markets Week Review and Preview

Ralph Shell, Excel Analyst

The sell-off in the euro continues. As we anticipated in a recent analysis, following a tricky week for the euro bulls, the market continued down last week.

The sell-off was not as severe, and the price action differed from that in the week ending the 27th of October.  During that week, we opened on the high and closed on the low, the sign of a very bearish trade.  The weekly high was 1.3817 and we closed at 1.3484 very near the weekly low.

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Wednesday, 6 November 2013

Can We Still Buy the Pound and Sell the Euro?

Ralph Shell, Excel Analyst

On October 24th, we took a look at the EURGBP and suggested this might be a way to short the euro without getting involved with the USD. 

On that date, remember, the markets were trying to judge the impact of the government shutdown on the US economy, as well as the Feds guidance going forward.  At that time, the experts had decided the Fed would be cautious in the aftermath of the shutdown, and any tapering of the bond buying program would be delayed.

Again, and on that day, the EURGBP was trading in the .8505 to the .8555 level, and, during the previous four weeks, the euro had been out-performing the pound, moving up from .8330 to .8550.  Most of the rally was about the EU congratulating themselves on the end of the recession.

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Tuesday, 5 November 2013

Trade To Excel Forex Demo Account Contest

Congratulations! The Winners of the Excel Markets Target DD Account Trading Contest have been officially declared and you can see the final rankings, including the top 10, on the rankings page

From the original top 10 at contest end, 2 contestants were DQ’d for trading multiple accounts and 4 contestants were DQ’d because they did not satisfy the 15-trade minimum rule.

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Sunday, 3 November 2013

A Look Beyond the Trick or Treat FX

Ralph Shell, Excel Analyst

Halloween turned out to be a day of tricks for the majority of euro traders who were long. 

The most recent COT report dated October 22nd 2013 showed specs long 56,603 contracts, up from 52,991 contracts in the previous week.  This is the total of both the large and small specs for futures and delta adjusted option positions.  Thursday, which was Halloween, the CME summary of only the futures trade was down 12,350 contracts.  The lower open interest went down; this means the specs were liquidating some of their position.

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