FX Update: May 1, 2013

Forex News and Daily High/Low, Forex Automated Trading, Currency Trend Meter, Forex Trade of the Day, Forex Mentoring and More. EUR/USD Trend Meter: View More Signals Anywhere We watch the market 24 hours a day and alert you when it's time to trade. Check Coverage Complimentary Forex Automated Signals Subscribe to a Lite or Enhanced monthly subscription, & receive our automated Trade Copier at no charge! View results of our automated strategies. Click on the red button below to sign up. May 1, 2013 GBP/USD EUR/USD EUR/JPY USD/JPY AUD/USD USD/CAD Resistance (High) 1.5597 1.3244 128.94 97.69 1.0383 1.0101 Support (Low) 1.5525 1.3159 127.83 97.01 1.0268 1.0050 Forex News Fed Seen Slowing Stimulus With QE Cut by End of This Year May 1, 2013 (Bloomberg) -- Chairman Ben S. Bernanke will probably reduce the Federal Reserve's monthly bond buying in the fourth quarter to $50 billion from $85 billion as he begins to unwind record stimulus, economists said in a Bloomberg survey. Policy makers must find a way to slow the pace of purchases enough to signal confidence the economy is strengthening without prompting a sudden rise in interest rates, said former Fed economists Michael Feroli and Joseph LaVorgna. They said that probably means the Fed, which concludes a policy meeting today, will follow a three-step strategy to wind down bond buying. "There is concern the first taper would be misinterpreted as the onset of a tightening cycle" and cause interest rates to go up, said Feroli, chief U.S. economist at JPMorgan Chase & Co. (JPM) in New York. An initial reduction to $50 billion to $60 billion a month, followed by a second cut to $30 billion and then a halt to bond buying "would be enough of a runway to know and gauge the effects of what they're doing,...keep reading. Automated Mirror Trading Now Available Click Here to Learn More RISK WARNINGS: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent advisor if you have any doubts. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. Past returns are not indicative of future results. ForexSignal.com assumes no responsibility for errors, inaccuracies or omissions in these materials. International Forex Corp. Ltd Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources however International Forex Corp. Ltd is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources and is not intended to be used as investment advice. International Forex Corp. Ltd assumes no responsibility or liability from gains or losses incurred by the information herein contained. International Forex Corp. Ltd does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Windows, Windows Vista and other Windows names and Microsoft logos are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. International Forex Corp. Ltd shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. CURRENCY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY. Please also see our risk warning. Please do not reply to this email, as we are not able to respond to messages sent to this address. To get quick answers to your questions please contact us with the above contact details: To remove your email address from further newsletters click here. Copyright International Forex Corp. Ltd, Inc 1998 - 2013. All rights reserved. International Forex Corp. Ltd 33332 Valle Rd Suite 250 San Juan Capistrano, CA 92675 United States

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