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The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant moves.
USD - Dollar Rises on Signs of Economic Recovery
The Dollar rallied yesterday against most of its major counterparts after data suggesting the slowdown in the U.S. housing market has bottomed out. A better-then-expected result gave further support to the U.S. currency. The Dollar has been sold off recently partly due to growing optimism regarding the state of the U.S. economy. The USD finished yesterday's trading session about 50 pips higher against the EUR at the1.4249 level.
Yesterday's main U.S economic event was the New Home Sales data. New U.S. home sales hit its highest level in 10 months in July. Orders for Long-Lasting Manufactured Goods also surged yesterday and are interpreted by traders as fresh evidence of a modest economic recovery. Sales of "New Single-family Homes" rose by 9.6% from June, the highest rate since September. It is in fact the biggest percentage gain since a matching increase in February 2005, another indication that housing activity had stabilized after a three-year slump.
Looking ahead to today, there are few important news releases coming out of the U.S. These include the Prelim GDP and Unemployment Claims at 12.30 GMT. Traders will be paying close attention to today's announcement as a stronger than expected result may continue to boost the USD in the short-term. On the other hand, if the results turn out to be lower than forecast, then the Dollar may record a fairly bearish session in today's trading.
EUR - EUR Records Mixed Results against the Majors
The EUR finished yesterday's trading session with mixed results versus the major currencies. The 16-nation currency extended gains versus the Sterling on Wednesday, to trade above $0.8775 amid a broad sell-off in the GBP. The EUR experienced similar behavior against the CHF as the pair rose from 1.5185 to 1.5220 by days end. The EUR did see bearishness as well against the USD as it lost over 50 pips and closed at 1.4249.
A leading indicator released yesterday from Europe was the German Ifo Business Climate report. Germany holds the largest and strongest economy in the Euro-Zone, and thus the relevant publications from this economy usually have a hefty impact over the EUR. This indicator jumped to 90.5 in August from 87.4 in July, above economists' expectations. Analysts said that this is a plus for the European economy, and it's a sign confirming that the real economy is starting to get out of the period of freefall.
Sentiment in the Euro-Zone economy has brightened in the past month 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 - The Japanese Yen Extends its Bullish Run
The Japanese yen rose for a second day against the EUR amid concerns financial losses will delay a recovery in the global economy, boosting demand for Japan's currency as a safe haven. The Yen also rose to a 5-week high against the British pound as a smaller-than-expected July trade balance data from Japan prompted investors flee from riskier-assets.
The outlook for economy in Japan is still doubtful as Japan's export slump deepened in July, indicating the boost in demand that helped pull the country out of its recession last quarter may be short-lived. Shipments abroad fell 36.5 % from a year earlier, steeper than June's 35.7% drop.
Crude Oil - Crude Oil Falls 1.4% on U.S Inventory Data
The price of Crude Oil fell 1.4% or $1.00 to $71.20 yesterday, as the latest inventory numbers from the U.S. Energy Information Administration (EIA) showed an increase in crude oil stockpiles. The EIA reports that U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased by 200,000 barrels in the week ending August 21, from the previous week.
Crude Oil also declined on concern China may cut back on industrial investment, slowing demand for fuels in the world's second-largest energy user. Crude traded low after China said it was studying curbs on overcapacity in industries including steel and cement. Some analysts said the failure to break through the key level of $75 may signal that prices have topped out, with demand for oil still depressed by the global economic slowdown and murky signs of a broad recovery.
Article Source - Dollar Benefits on U.S. Economic Data; Today Traders Focus on the U.S Unemployment Claims
This post addresses some of the problems every one will face sooner or later when trying to make money online. I for one try to get pass them and i often fail, but from now one I’m going to try a lot harder because all these are time eating non-efficient habits that hurt our activity a lot.
It’s very important to focus and try to organize your time when working online. You should make yourself a schedule, a daily schedule, where you should write the things you plan doing that particular day. Try to pick realistic time plans for those things and live an extra error margin, just not too big.
You’ll understand more from the example: let’s say you plan to set up a new site today on a niche you already studied. You have to buy a domain, set up a CMS (Wordpress rules here), add a theme and the plugins, write at least 5 posts on previous researched keywords and also write another 3 to 5 posts for directory submissions (like ezine or goarticles) . All these should not take you more than half a day:
30 minutes to find the domain and register it
another 30 minutes to install Wordpress + themes +plugins (i advice you to have a premade folder with all the things needed so you just copy that one and start the other things).
1 hour for setting the blog and making minor modification on the theme and plugins (you’d actually require a lot less then this) .
3 hours for writing the content – you should write informative 500+ words posts that provide value for your readers. 3 hours means ~40 minutes per article, but if you’re familiar with the topic you will be able to write those a lot faster.
1.5 hours to rewrite the previous articles so they will be unique for the submissions.
All these total around 6 hours, so there’s enough time left in your day for other things also. I for one do this a lot faster, as i can set up everything in just 3-4 hours if i know the niche.
It’s important that during all this time you focus on the job and give up distractions like:
messaging programs, twitter, etc (especially if you use popups these will cut down productivity a lot as you will always get distracted by some things your friends say to you via these programs)
socializing programs (facebook, myspace, hi5) – these are the biggest time consuming aps online and they won’t pay the bills (except some cases, but that’s another story)
e-mails (if possible, turn your outlook off when working and only check it once every couple of hours)
don’t and i repeat DON’T check your stats and your earnings more than once a DAY . I would even advice you not to check them more than once a week for the new sites. Just make a strategy for your content and link building activities and stick to it. You should start checking stats only when you already have traffic in order to see if you can optimize some posts to rank better for some particular keywords (so only a couple fo moths or so).
There would be many things to add here. The important part to remember is that everyone should make their own schedule but should try to divide time between work and other kind of activities as best as possible. When it’s time to work, we work as hard as we can, when it’s time to have fun we enjoy it as much as possible and so on. Am i right or what? I’m looking for your feedback in this matter .
According to a recent article published in Yahoo News, the following is a list of 10 ways that you can increase the likelihood of being liked during a job interview. For the full article, please click here.
10 Ways to Be Liked in Your Job Interview [originally posted by Yahoo Hot Jobs]
Don’t be a “smiley face.”Excessive smiling in a job interview is seen for what it is — nervousness and a lack of confidence.
Don’t be a small-talker.Your job is to be knowledgeable about the company for which you’re interviewing.
Don’t sweat.You can lose a job by wearing an undershirt or simply a little too much clothing. Sweaty palms or beads on your forehead will not impress.
Don’t be a road block.Interviewers are seeking candidates eager to take on challenging projects and jobs. Hesitance and a nay-saying mentality will be as visible as a red tie — and seen as a negative.
Don’t be petty.Asking the location of the lunchroom or meeting room will clue the interviewer into your lack of preparation and initiative. Prepare.
Don’t be a liar.Studies show that employees lie frequently in the workplace. Lying won’t get you a job. In a job interview even a slight exaggeration is lying. Don’t.
Don’t be a bad comedian.Humor tends to be very subjective, and while it may be tempting to lead your interview with a joke you’ve got to be careful about your material.
Don’t be high-maintenance.Nobody hiring today is going to be looking for someone who’s going to be finicky about their workspace.
Don’t be a time-waster.At every job interview, the prospective hire is given the chance to ask questions. Make yours intelligent, to the point, and watch the person across the desk for visual cues whether you’ve asked enough.
Don’t be a switchblade. Normally the switchblade is thought of a backstabber, often taking credit for someone else’s work. In an interview setting, the switchblade can’t help but “trash talk” his former employer. If you make it seem like your former workplace was hell on Earth, it won’t bode well for the rest of the interview.
The transition from old to new technology creates both challenges and opportunities for communications professions. The field of public relations is directly tied to the publishing industry which of course, is directly connected to business and consumer information discovery and consumption. The migration from offline to online has left these industries in a state of flux and traditional PR becoming increasingly digital is no exception.
There are tactical challenges as well as strategic. For example, the shift towards digital communications means a new set of tools must be learned in order to accomplish today’s PR goals. Now more than ever, public relations professionals need to familiarize themselves with a new arsenal of tools to adjust and thrive in a digital world.
Which tools and tactics are most effective for online PR? What are the best practices and guidelines for using each tool appropriately? Here are five tools every digital PR practitioner should have in their online PR toolbox.
Search Engine Optimization – Search is the top method for finding information online. Keyword optimizing news content is a key device for digital PR professionals. News content that is ripe for optimization ranges from press releases to media coverage to digital assets such as images or video. Optimizing news content for relevant and popular phrases can help that content rank well in the search engines. Improved search visibility helps marketing efforts, online reputation and it can attract analysts, journalists and bloggers researching your industry.
Social Media – Understanding social media relations is an important part of a digital PR effort. The audiences a company is trying to reach or influence are spending time on and being influenced by social media. Social participation in a digital PR program means connecting with and engaging influentials and customers to perpetuate a positive brand image as well as identifying and empowering brand ambassadors. Proactive content optimization of social media content and building relationships with fans helps dispel negative brand attention and accentuate what’s positive. It is essential to be open with and useful to social communities and to adhere to both implicit and explicit ‘social rules’ rather than just dropping links to what you’re promoting.
Digital Assets – ”If it can be searched on, it can be optimized”. The video, audio, podcasts, images, and many other digital assets hosted on most company websites represent many opportunities for pull based PR. Optimizing digital assets with relevant keywords and either promoting or submitting to vertical search engines like YouTube and Flickr can provide additional exposure to media that conduct online research as well as end customers. In a survey of journalists and reporters conducted by TopRank, 91% of respondents indicated they frequently use search engines to do their job. Optimizing more than standard text content for PR creates additional entry points to news content and can improve search based discovery.
Blogging – When done right, a company blog can be an incredible PR asset. A company blog is an opportunity for a brand to create and publish its own content to a relevant online audience of content creators. Well-optimized and linked blog posts can rank well in the search engines making them easy to find for journalists and bloggers researching stories. Blogger relations is often more successful when the company being pitched has it’s own blog to point to.
Search and Social Media Monitoring – With so many content creators online, the chance for both negative and positive brand mentions increases dramatically. Yet many tools exist to help the online PR pro effectively monitor brand reputation. Companies can set up free alerts using tools like Google Alerts, Social Mention or Twitter to watch for mentions of their brand name, competitors’ names, industry news, and important key names. Social media monitoring data can be used to mine new ideas, keep tabs on competitors, identify brand ambassadors and address any negative press quickly and directly. Monitoring search engine rankings of news content can provide important feedback for news optimization efforts and provide insight into search traffic effectiveness.
A well-stocked PR toolbox should at the very least contain these five tools and the skill sets to get the most value from them. Whether it’s to identify and build relationships with influential bloggers or making it easy for journalists to find your company/client when researching stories, standard PR tactics can no longer be relied upon. Creating and promoting content on the social web in addition to leveraging keyword optimization can provide PR practitioners substantial advantages over their legacy minded peers who continue to rely on press releases, email and phones as their sole tools for gaining media coverage.
What digital PR tools would you add to this list? How are you using blogging, social media and SEO in your online PR efforts?
Home prices saw their first quarterly increase in three years in the second quarter, according to the Standard & Poor's/Case-Shiller U.S. National Home Price Index. The graph shows the change in $100,000 of home value over time, starting from the first quarter of 1987.
Today's U.S. Consumer Confidence data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as the British BBA Mortgage Approvals at 8:30 GMT. The results of today's data are likely to determine the USD's trend going into rest of the week's trading.
USD - The U.S Dollar Strengthens Against Most Rivals
The greenback rebounded versus major currencies Monday, from a string of recent declines after signals at the weekend that most key central banks backed a policy of keeping their Interest Rates low for the foreseeable future.
Analysts continue to anticipate that at some point signs of strength in the U.S. economy will be read as positive for the nation's currency, ending an inverse relationship since the credit crisis began, where negative news triggered safe-haven buying of the U.S Dollar. That relationship still held back the Dollar's gains on Monday.
The USD also advanced yesterday vs. the EUR and Japanese yen as Wall Street surrendered earlier gains and traders repositioned themselves ahead of U.S. consumer and Housing data due this week. Solid U.S. data and an upbeat assessment on the economy from Federal Reserve Chairman Ben Bernanke over the weekend earlier pushed investors to take on riskier investments at the expense of the low-yielding Yen and Dollar.
EUR - Sterling Pressured; Hits 11 Week Low vs. the EUR
The EUR erased its gains versus the Dollar yesterday as Treasury yields fell and the European Central Bank (ECB) policy makers warned against succumbing to optimism with regard to the economic situation in Europe. The EUR also reversed again versus the Japanese yen after the Euro-Zone industrial orders came in much higher than expected.
But investors are keen to see how the Euro-Zone economy fares, especially after higher-than-forecast purchasing managers' index readings last week. Traders expect Germany's Ifo survey of business sentiment to be the key event for the European currency this week.
The British pound dropped yesterday against 14 of the 16 most-traded counterparts on speculation the Bank of England will depress yields on gilts, making the U.K.'s assets less attractive to foreign investors. The Sterling declined yesterday to an 11-week low versus the EUR as much as 0.6%, the weakest level since June 8th. Analysts have said that the EUR was pushed past a key options barrier at 87 pence, setting up further gains in the pair, while traders said expectations for persistently low UK Interest Rates were weighing on the British currency.
JPY - The Yen Advances as Stocks Extend Losses
The Japanese yen was broadly firmer on Tuesday as investors took a pause from a recent rush to stocks and higher-yielding currencies, with focus shifting to U.S. data later in the day for clues on an uncertain economic recovery. The low yielding Yen tends to gain when stocks and higher-yielding currencies fall or when weak economic data highlights a long and uncertain road for global recovery.
The JPY rose against all of the 16 most-active currencies after Atlanta-based SunTrust Banks Inc., Georgia's biggest lender, said U.S. financial institutions may report more credit losses as commercial real estate falters. Worries are re-emerging that regional and local banks in the U.S. may be facing more loan losses, hence causing risk aversion and buying of the Yen.
Crude Oil - Oil Trades Near 10-Month High on Economic Optimism
Crude Oil prices rose Monday, briefly touching their highest level in 10 months, as optimism about a rebound in the global economy boosted energy prices. The gains came alongside strength on Wall Street, where the stock market also briefly touched 10-month highs before pulling back slightly after a 4 day rally.
Commodities markets have tracked stocks indexes closely in recent months as dealers view equities as a leading indicator of economic performance. Oil dealers said many investors were also using commodities as a hedge against the U.S Dollar, particularly oil, as OPEC producers work to restrain supply.
However, Crude reduced its earlier gains in afternoon trade as U.S. stocks turned lower. With demand remaining weak and supplies standing abundant, the crude market could be ready for a quick and sharp downward movement.
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