Scandi Daily 10.29

OVERVIEW – Despite the rate hike in Norway on Wednesday, the krone was very well offered on the back of some broad based currency liquidation and paring back of risk. The regional currencies were underperformers across the board with the krona getting hit even harder, on a less attractive yield differential and ongoing concerns over exposure to Eastern European markets and weaker than expected domestic data. The krona has been very tied to risk sentiment and any continued reduction in risk appetite should continue to weigh on the Scandi. The Nok should also come under some more pressure as investors’ interest rate expectations within the region become less aggressive. While the Norges Bank has been in a position to be able to raise rates, they also need to be conscience of rising asset prices and the threat of a double dip global recession. This is a point that has resonated with investors over the past few days.

Eur/Sek continues to consolidate off of the 2009 lows from August and we contend that the market is in the process of carving out a medium-term base. Any setbacks are expected to be well supported ahead of 10.05, with a break back above 10.45 to confirm basing prospects and accelerate gains.

Eur/Nok fresh yearly low last Thursday by 8.24 but we feel that the market is finally now exhausted and on the verge of some major upside over the medium-term.  The latest break back above 8.40 now confirms and should accelerate gains towards 8.50-60.  Only back below 8.30 would delay.

Usd/Sek traded down to a fresh yearly low by 6.75 on Monday ahead of the latest sharp reversal. Despite the underlying downtrend, our view is nevertheless constructive at current levels and favors USD appreciation over the coming weeks.  We contend the market is attempting to carve out a major base rather than in the process of some bearish consolidation. A break back above 7.10 should confirm bias and get things moving.

  

Usd/Nok has now officially carved out a meaningful low by 5.50 with the market racing higher on Wednesday to trigger a double bottom formation. The break back above the neckline at 5.66 now opens a measure move upside extension towards 5.80 over the coming sessions. More gains are seen on a break above 5.87.  Setbacks should now be well propped ahead of 5.60.

Gbp/Nok finally showing signs of recovery after basing out by 8.82 in the previous week. Daily studies show plenty of room for additional corrective upside, and we look for a push back towards 9.50 over the near-term. Setbacks should now be well supported ahead of 9.20.

Nok/Jpy as had be warned, the market was well overextended above 16.50 and the price has since collapsed into the well defined range. Deeper setbacks are now seen towards 15.50 over the coming sessions.

Written by Joel Kruger

Friday, October 30, 2009 | 1 comments | Read More

Scandi Daily 10.28

OVERVIEW – There is a slew of data out in the region today with Swedish consumer confidence and retail sales kicking things off, followed by the Norwegian unemployment rate. However all of this will no doubt play a second fiddle to the more anticipated Norges Bank rate decision due out later in the day at 13:00GMT. The overwhelming consensus is that the Norges Bank will become the first European central bank to raise rates since the onset of the global financial markets crisis, with a 25bp hike to 1.50%. The Norwegian economy has been exceptionally strong throughout the global recession and this has now put the Norges Bank in a position to need to raise rates. One senior economist says that it is a “trade-off between the need for higher rates to curb the acceleration in home prices and the strength in private consumption” and “the effect of the krone exchange rate on consumption.” Norway will need to proceed with caution, especially with the timing of today’s decision coinciding with a global market sentiment that has now turned for the worse.

EURSEK DAILY

Charts created using Bloomberg – Prepared by Joel Kruger

Eur/Sek continues to consolidate off of the 2009 lows from August and we contend that the market is in the process of carving out a medium-term base. Any setbacks are expected to be well supported ahead of 10.05, with a break back above 10.45 to confirm basing prospects and accelerate gains.

Eur/Nok fresh yearly low last Thursday by 8.24 but we feel that the market is finally now exhausted and on the verge of some major upside over the medium-term.  Aggressive players can get long at current levels, with a break back above 8.40 accelerating.  Only back below 8.30 would delay.

Usd/Sek traded down to a fresh yearly low by 6.75 on Monday ahead of the latest sharp reversal to set up a bullish outside day formation on Monday. Despite the underlying downtrend, our view is nevertheless constructive at current levels and favors USD appreciation over the coming weeks.  We contend the market is attempting to carve out a major base rather than in the process of some bearish consolidation. Monday’s bullish reversal day should get things going but ultimately a break back above 7.10 will be required to officially shift the structure.

Usd/Nok is in the process of consolidating just off of the yearly lows by 5.50. However, given the medium-term stretched technical studies, we favor the risks for significant upside over the coming weeks with the market now in the process of attempting to carve out a meaningful base. Any additional setbacks should therefore be limited with the latest break and close back above the 20-Day SMA helping to reaffirm bullish outlook.

Gbp/Nok finally showing signs of recovery after basing out by 8.82 in the previous week. Daily studies show plenty of room for additional corrective upside, and we look for a push back towards 9.50 over the near-term. Setbacks should now be well supported ahead of 9.00. Look for a fresh upside extension on a break back above 9.30.

Nok/Jpy as had be warned, the market was well overextended above 16.50 and the market has since put in a bearish outside day on Monday. Look for the reversal day to mark a top by 16.63, with deeper setbacks now favored back towards initial support by 16.00 over the coming days. Only back above 16.63 negates.

Written by Joel Kruger

Thursday, October 29, 2009 | 0 comments | Read More

Scandi Daily 10.27

OVERVIEW – The developments in price action over the past 24 hours have been most interesting, with US equities and currencies coming back under pressure and the USD benefitting across the board. While most have attributed the moves to some natural profit taking from an overextended market, others have begun to once again weigh the risks to the prospect for a double dip type global recession. The wide spread consensus is that the Norges Bank will indeed raise rates on Wednesday by 25 bps to 1.50%, but the Norwegian central bank may grow a little more anxious with oil prices retreating and risk aversion back on the rise. Any threat of shift back into a contractionary market environment will surely bode unfavorably to central banks looking to adopt a more restrictive monetary policy. As such, while the local economy has indeed outperformed and separated itself throughout the global downturn, the Norges Bank also needs to be careful that it doesn’t unnecessarily expose itself to a premature and overly restrictive policy shift. Looking ahead, the calendar is all Sweden centric with the release of producer prices and household lending data at 8:30GMT.

Eur/Sek continues to consolidate off of the 2009 lows from August and we contend that the market is in the process of carving out a medium-term base. Any setbacks are expected to be well supported ahead of 10.05, with a break back above 10.45 to confirm basing prospects and accelerate gains. Initial resistance comes in by 10.22 with a break on Tuesday to reaffirm bias.

Eur/Nok fresh yearly low last Thursday by 8.24 but we feel that the market is finally now exhausted and on the verge of some major upside over the medium-term.  Aggressive players can get long at current levels, with a break back above 8.40 accelerating.  Only back below 8.30 would delay.

USD/SEK DAILY

Charts created using Bloomberg – Prepared by Joel Kruger

Usd/Sek traded down to a fresh yearly low by 6.75 on Monday ahead of the latest sharp reversal to set up a bullish outside day formation. Despite the current underlying downtrend, our view is nevertheless constructive at current levels and favors USD appreciation over the coming weeks.  We contend the market is attempting to carve out a major base rather than in the process of some bearish consolidation. Monday’s bullish reversal day should get things going but ultimately a break back above 7.10 will be required to officially shift the structure.

Usd/Nok is in the process of consolidating just off of the yearly lows by 5.50. However, given the medium-term stretched technical studies, we favor the risks for significant upside over the coming weeks with the market now in the process of attempting to carve out a meaningful base. Any additional setbacks should therefore be limited with a break and close back above the 20-Day SMA to reaffirm bullish outlook.

Gbp/Nok finally showing signs of recovery after basing out by 8.82 in the previous week. Daily studies show plenty of room for additional corrective upside, and we look for a push back towards 9.50 over the near-term. Setbacks should now be well supported ahead of 9.00. Look for a fresh upside extension on a break back above 9.30.

Nok/Jpy as had be warned, the market was well overextended above 16.50 and the market has since put in a bearish outside day on Monday. Look for the reversal day to mark a top by  16.63, with deeper setbacks now favored back towards initial support by 16.00 over the coming days. Only back above 16.63 negates.

Written by Joel Kruger

Tuesday, October 27, 2009 | 0 comments | Read More

Forex Options and Futures Support Calls for US Dollar Bottom, Euro Top

Forex Options and Futures markets show US Dollar sentiment at near-record bearish extremes against almost all major counterparts, and one-sided positioning suggests that the USD is near a major turning point. Today’s US Dollar pullback may in fact be the start of a bigger reversal. The key difficulty remains the timing of said turnaround, as US Dollar-bearish sentiment has remained extreme for quite some time now. According to our Senior Strategist, the Euro/US Dollar’s break below 1.4980 is the first sign of a top.

Volatility expectations have jumped considerably on recent US Dollar losses. We typically see important market turns when volatility is at or near its peak. Of course, guessing the peak for Forex Options Market implied volatility levels is a feat onto itself. As it stands, we recognize that the US Dollar may continue lower through short-term trading. Yet every further USD short only increases the likelihood of an important market corrections and-by extension-a Dollar recovery.

Euro/US Dollar Forex Options and Futures Forecast

Futures positioning shows that Non-Commercial traders (typically large speculators) had become extremely net-long the Euro against the US Dollar. In fact, said speculative positioning is was previously the most long it had been since the Euro traded near 1.6000 in early 2008. We consistently warn that extreme positioning and sentiment can and does remain extreme for extended periods of time. Yet it is interesting to point out EURUSD has set a noteworthy top.

British Pound/US Dollar Forex Options and Futures Forecast

Futures and Options sentiment paint a distinctively different picture for the British Pound against the US Dollar, as traders had actually grown extremely short the GBP against the USD. The GBPUSD very recently rallied on aggressive speculative short covering, and indeed Net Non-Commercial short positioning went from -65,346 contracts to -43,318 through the week ending October, 20. This fairly substantial shift is perhaps only the earliest stage of a larger unwind.

US Dollar/Japanese Yen Forex Options and Futures Forecast

Forex options markets show that traders are the most bullish the USDJPY (Bearish the Japanese Yen) in the past 90 trading days, while the longer-term trend in price shows we are in a fairly clear downtrend. The FX options market sentiment extremes suggest that we may have hit a USDJPY top and it is likely to continue its longer-term correction. The major caveat is that Futures positioning actually shows speculators still fairly short the USDJPY (long Yen), and a pullback in speculative interest could fuel a USDJPY rally. The mixed signals give us a fairly neutral bias on the USDJPY.

US Dollar/Canadian Dollar Forex Options and Futures Forecast

Traders have grown extremely net-long the Canadian dollar (short the USDCAD) through recent trade, with FX Futures data showing sentiment at its most bullish since the pair traded near parity. We have continued to call for a USDCAD reversal, and the very recent rally suggests we may have set a substantive USDCAD bottom. It stands to reason that a further unwind in positioning would result in further Canadian dollar losses (USDCAD rallies).

US Dollar/Swiss Franc Forex Options and Futures Forecast

Non-Commercial futures positioning on the US Dollar/Swiss Franc pair remains the most bearish in nearly 5 years-pointing to clear sentiment extremes. Swiss Franc long positions (USDCHF shorts) outnumber short positions by a over 20,000, and it is little surprise to note that the USDCHF trades very near parity. Yet the last time net-long CHF positions grew to this level was in December, 2004. At that point the USDCHF set an important low. Watch for further rallies.

Australian Dollar/US Dollar Forex Options and Futures Forecast

We continue to call for a sustained Australian dollar pullback, as sentiment has remained extreme for quite some time now. Non-commercial futures traders remain the most net-long the AUDUSD since the pair traded above 0.90, but the timing of said retracement remains extremely challenging. Forex options market sentiment has hit similarly overextended bullish extremes.

New Zealand Dollar/US Dollar Forex Options and Futures Forecast

The New Zealand dollar/US Dollar pair is quite similar to the AUDUSD, with significant sentiment extremes leaving the door open for near-term declines. As of several weeks ago, Net Non-Commercial positioning on NZDUSD futures remained the most net-long since the pair set noteworthy tops in July, 2007.

Written by David Rodriguez

Tuesday, October 27, 2009 | 0 comments | Read More

Scandi Daily 10.26

OVERVIEW – This week’s monetary policy decision from the Norges Bank comes into focus, with the Norwegian central bank widely expected to raise rates by 0.25bps to 1.50% on Wednesday. The decision will be watched closely with the Nordic bank to emerge as the first European central bank to boost rates since the onset of the global financial markets crisis. Many will also be watching the close relationship between the NOK and SEK which could diverge significantly in favor of the NOK, especially after the Riksbank disappointed many hawks in the previous week by leaving rates on hold and maintaining their accommodative outlook well into 2010. Monday’s calendar is light with the only release coming in the form of Swedish trade balance at 8:30GMT.

Eur/Sek continues to consolidate off of the 2009 lows from August and we contend that the market is in the process of carving out a medium-term base. Any setbacks are expected to be well supported ahead of 10.05, with a break back above 10.45 to confirm basing prospects and accelerate gains.

Eur/Nok fresh yearly low last Thursday by 8.24 but we feel that the market is finally now exhausted and on the verge of some major upside over the medium-term.  Aggressive players can get long at current levels, with a break back above 8.40 accelerating.  Only back below 8.30 would delay.

Usd/Sek remains under pressure for now, with the market still locked in an intense downtrend and breaking to fresh 2009 lows towards 6.75 thus far. However, we continue to retain a constructive outlook at current levels, with daily studies looking stretched and warning of a short to medium-term reversal.   Look for a break back above 6.84 on Monday to help reaffirm outlook.

Usd/Nok is back under pressure with the market matching the previous week’s trend/2009 lows by 5.51 ahead of the latest minor bounce. However, daily studies are looking stretched and we would not rule out the potential for the formation on a double bottom by 5.50, with a break back above the 5.67 area neckline to confirm and accelerate.

Gbp/Nok finally showing signs of recovery after basing out by 8.82 in the previous week. Daily studies show plenty of room for additional corrective upside, and we look for a push back towards 9.50 over the near-term. Setbacks should now be well supported ahead of 9.00.  

Nok/Jpy continues to extend gains now through the latest barriers by 16.50. However, daily studies are showing overbought and we would recommend that bulls proceed with caution. Short-term support comes in by previous resistance at 16.50 and a break below this levels would warn of a bearish reversal.

Written by Joel Kruger 

Monday, October 26, 2009 | 1 comments | Read More

FX Technical Weekly

The US dollar languishes at its lows against most major currencies but the USDJPY has built a strong base and additional strength is expected

EURO / US DOLLAR

Joel: Rallies have now extended well beyond 1.5000, with the market eyeing next figure support by 1.5100. The overall bullish structure remains firmly intact and any intraday dips are expected to be well supported ahead of 1.4830. Next key topside resistance comes in by 1.5240, the 78.6% fib retracement off of the major 2008 high-lows and we look for this level to be tested over the coming days. Short-term and medium-term technical studies are however looking stretched and any moves beyond 1.5240 are seen limited in favor of a major USD corrective rally. But for now, only back under 1.4830 would negate constructive outlook. Our model is currently running a short position from 1.5010 (stop 1.5110) but the trade has not held up well in the strong trending environment.

Jamie: After trading to 1.5060 the EURUSD has come off slightly, but a drop below 1.4940 is needed to signal a trend change.  Keep in mind the larger 5th wave channel that we’ve focused on for weeks.  That line is at 1.5086 Monday and increases 11 pips per day.  In the event of additional upside, there are measurements concentrated at 1.5185.

BRITISH POUND / US DOLLAR

Joel: While the rally of the past few days has been impressive, the overall structure still looks quite toppish and we would expect to see the recent surge above 1.6500 to stall out at any moment. A closer look at the daily chart is quite revealing, with the market showing some strong internal resistance between 1.6665 and 1.6745 (former shoulder resistance of major h&s top). As such, we recommend looking to fade upside extensions into this area in favor of some bearish resumption. Look for a break back below 1.6485 to reaffirm outlook.

Jamie: After trading to a high just below 1.6700 (the high was made close to the 61.8% extension of the 1.5707-1.6404 advance), Cable has plunged.  Former supports are now resistance at 1.6484, 1.6530, and 1.6607.  The decline could be a series of 1st and 2nd waves, part of a leading diagonal, or a 3 wave correction.  Price action since 1.6750 could also be in the mold of a triangle.  There are many possible counts right now but most point lower from here.  1.6450 short was triggered this week.  Move risk to 1.6600.

AUSTRALIAN DOLLAR / US DOLLAR

Joel: Despite overbought readings on both the daily and weekly charts, the pair remains very well bid with the market continuing to surge to fresh 2009 highs on a daily basis (0.9330 on Wednesday). Next resistance comes in by 0.9350, which represents a weekly high from August 2008. A break above 0.9350 will then expose an eventual retest of the critical 2008 highs by 0.9850. Intraday dips should continue to be well supported ahead of 0.9100, with only a break back below this figure to threaten the bullish structure.

Jamie: The AUDUSD reversal off of channel resistance (albeit unorthodox channel resistance) combined with momentum considerations (overbought + divergent) on multiple times frames put the pair at risk of at least a setback if not an outright reversal.  Coming under .9181 would confirm as much.

NEW ZEALAND / US DOLLAR

Joel: Despite overbought readings on both the daily and weekly charts, the pair remains very well bid with the market continuing to surge to fresh 2009 highs on a daily basis (0.7635 on Wednesday). Next key resistance comes in by 0.7765, which represents a weekly high from July 2008. A break above 0.7765 will then expose an eventual retest of the critical 2008 highs by 0.8215. Intraday dips should continue to be well supported ahead of 0.7400, with only a break back below 0.7350 to threaten the bullish structure. The 10-Day SMA (0.7480) has been very supportive throughout much of the up-trend and bears would need to see a close below this level at a minimum to start to think about the potential bearish reversal and break back under 0.7350. Our model is short from earlier in the week at 0.7510 but the trade has been underwater for most of the time since inception.

Jamie: On the daily, the NZDUSD has tested (multiple times) and failed at a line extended from the 8/14 and 8/23 highs.  In assessing the wave count, the rally from .7076 looks to be the final subdivision (wave 5 of c of Y).  Since the high at .7640, the pair has marked time.  A drop below the support line extended from .7250 and .7350 would be the first sign that a top is in place.

US DOLLAR / JAPANESE YEN

Joel: Our shift to a bullish outlook on Wednesday (based on 10/20-Day SMA positive cross) has paid off, with the market breaking the recent consolidation and accelerating through the 50-Day SMA and Upper Bollinger. Next key resistance comes in at 92.55 (21Sep high) which also coincides with the Ichimoku cloud bottom. Any pullbacks are now expected to be well supported ahead of 90.00.  Weekly studies also confirm and show the formation of a base by 88.00.

Jamie: Either a triangle or complex correction is underway since December 2008.  The next leg should be up towards 101.50 (maybe even above).  Since the low at 88.00, a series of 1st and 2nd waves is visible.  If this count is correct, then an exceptionally strong USDJPY rally is underway now.   Move risk on the long to 91.20.

Written by Jamie Saettele

Sunday, October 25, 2009 | 0 comments | Read More

Forex Options and Futures Point to British Pound, US Dollar Recovery.

Forex Options and Futures markets show US Dollar sentiment at near-record bearish extremes against almost all major counterparts, and one-sided positioning suggests that the USD is near a major turning point. The key difficulty remains the timing of said turnaround, as US Dollar-bearish sentiment has remained extreme for quite some time now. The key exception is USD positioning versus the British Pound, and recent corrections in price suggest that the GBPUSD has set a major medium-term bottom.

Volatility expectations have jumped considerably on recent US Dollar losses. We typically see important market turns when volatility is at or near its peak. Of course, guessing the peak for Forex Options Market implied volatility levels is a feat onto itself. As it stands, we recognize that the US Dollar may continue lower through short-term trading. Yet every further USD short only increases the likelihood of an important market corrections and—by extension—a Dollar recovery.

Futures positioning shows that Non-Commercial traders (typically large speculators) had become extremely net-long the Euro against the US Dollar. In fact, said speculative positioning is was previously the most long it had been since the Euro traded near 1.6000 in early 2008. We consistently warn that extreme positioning and sentiment can and does remain extreme for extended periods of time. Yet it is interesting to point out that options sentiment actually shows many traders are beginning to hedge against EURUSD weakness. It’s possible that the EURUSD has set a noteworthy top.

Futures and Options sentiment paint a distinctively different picture for the British Pound against the US Dollar, as traders have actually grown extremely long USD versus its UK counterpart. Indeed, Net Non-Commercial positioning just recently hit its most bearish in history—emphasizing GBP bearish extremes. CFTC COT data is always delayed by at least 4 days, but the spike in Forex Options risk reversals suggests we are in the midst of a reversal. Given such overwhelmingly bearish positioning, we can foresee further GBPUSD rallies as traders cover their short positions.

Impressive Japanese Yen rallies (USDJPY declines) have led to similarly impressive positioning in futures markets, with Non-Commercial traders the most heavily net-short USDJPY since it last traded below 90. Yet more recent shifts show traders have pulled back in their JPY-long bias, and forex options risk reversals actually shows sentiment is near its most JPY-bearish in the past 90 trading days. The net sentiment reading is admittedly fairly unclear, and we may need to wait for further clarification before making a concrete Yen forecast.

Traders have grown extremely net-long the Canadian dollar (short the USDCAD) through recent trade, with FX Futures data showing sentiment at its most bullish since the pair traded near parity. Yet forex options markets have grown near-neutral the USDCAD, and the sudden shift in FX Options hints at the beginning of a short-term reversal. It is always extremely challenging to pick tops and bottoms on sentiment extremes, but we would argue that USDCAD risks remain to the topside through the coming months of trade.

Non-Commercial futures positioning on the US Dollar/Swiss Franc pair remains the most bearish in nearly 5 years—pointing to clear sentiment extremes. Swiss Franc long positions (USDCHF shorts) outnumber short positions by a over 20,000, and it is little surprise to note that the USDCHF trades very near parity. Yet the last time net-long CHF positions grew to this level was in December, 2004. At that point the USDCHF set an important low and rallied over 1000 pips in 10 months. Past performance is not a guarantee of future results, but the likelihood of a USDCHF bottom is high.

We continue to call for a sustained Australian dollar pullback, as sentiment has remained extreme for quite some time now. Non-commercial futures traders remain the most net-long the AUDUSD since the pair traded above 0.90, but the timing of said retracement remains extremely challenging. Forex options market sentiment previously hit major extremes and has since moderated. Our earlier calls for AUDUSD pullbacks were clearly premature and highlight the difficulty in timing trades on sentiment extremes. Yet we believe that extreme sentiment increases risk of pullbacks.

The New Zealand dollar/US Dollar pair is quite similar to the AUDUSD, with significant sentiment extremes leaving the door open for near-term declines. As of last week, Net Non-Commercial positioning on NZDUSD futures remained the most net-long since the pair set noteworthy tops in July, 2007.

Written by David Rodríguez, Quantitative Strategist

Thursday, October 22, 2009 | 0 comments | Read More

FOREX

WHAT IS FOREX?

Forex or popularly known as Foreign Exchange is one of the world’s popular for money exchange system.

Forex is the world’s trading currency market where currencies are trade and bought by merchants in Forex world. In the early 2000, Forex market was introduced and opened to exclusive members only where money starting as USD10 millions is required for them to participate in joining in the market.

In the beginning forex was a particular market for banking, Investment Institution and influence individual (high net worth individuals) such as George Soros. But now because of strong influence of the internet and worlds economy, forex market is now opened for individual investors like you.

So how is it that someone who at first have no knowledge in economy knows and understand how forex systems works..For your information, to generate great income is so easy.!!!

WHAT ACTUALLY DOES FOREX MARKETING DO?

The answer is simple, Forex marketing is a place for currency trading transaction. In other words, forex marketing is the place where currencies are sold and bought and convert to other currencies.

An example USD1 = RM3.30

There are still many and maybe people like you perhaps still does not know what is actually happening in forex market. In stock marketing, let’s say that you have little share that you invest in one big company as much as USD10/share for one lot. Even thou you invest little in that company you are an “owner” of that company. That goes the same for what is happening in forex. If you bought X currency for USD1000 that means you already have little portion of the X economy.

FOREX IN SAFETY MARKET!

1. Forex market is not controlled by under any country or controlled by Central Exchange, Forex market will not be closed just incase there should be a terrorist attack and natural hazard.
2. Forex is available in 24/7, You are in full control to invest in anytime.
3. No need to pay commission, You don’t have to pay commission for middleman to trade in forex trading.
4. Easy to gain profit by just a click of a mouse.
5. In general, trading by little modal allows you to do business 200 times the amount.

FOREX IS THE BIG MARKET IN THE WORLD!

Forex marketing is a place where USD1.95 trillion is being trade everyday. It is easy to generate income in this market. As a beginner, you don’t have to be very ambitious to gain profit. I believe that you can gain great income in a couple of months.Forex trading (foreign exchange) is one of the biggest market that exist in the entire world and it is growings fast and one of them is a Forex Tracer and Forex Assassin.This forex will be guarantee to gained a profitable income.

Friday, July 18, 2008 | 0 comments | Read More