Forex Update: May 8, 2014

 

May 8, 2014 | Forex News | Daily High/Low | Trend Meter | Trade of the Day 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 View more trade results. May 8, 2014 GBP/USD EUR/USD EUR/JPY USD/JPY USD/CHF GBP/JPY Resistance (High) 1.6976 1.3995 142.38 101.96 0.8806 172.90 Support (Low) 1.6922 1.3831 140.51 101.45 0.8702 171.85 Forex News Euro Drops From 2 1/2-Year High on Draghi Comments; Aussie Gain May 8, 2014 (Bloomberg) -- The euro weakened from a 2 1/2-year high against the dollar after European Central Bank President Mario Draghi said policy makers were ready to ease monetary policy in June if needed. The Bloomberg Dollar Spot Index touched a six-month low as Federal Reserve Chair Janet Yellen, testifying for a second day to lawmakers, said the central bank will maintain stimulus as long as necessary. Australia's dollar strengthened to a three-week high after employers boosted payrolls and Chinese trade data improved. Chile's peso rallied the most more than two years as inflation rate jumped to a five-year high. Norway's krone advanced for a third day. "Draghi's guidance was the key takeaway from today's press conference," Robert Lynch, a currency strategist at HSBC Holdings Plc in New York, said in an email. "The more overt signal of the potential - if not the outright intention - to ease policy next month has already worked to drive euro-dollar down after...keep reading. Automated Mirror Trading Now Available Click Here to Learn More   United States 800-525-1090 United Kingdom +44 207 193 2514 Australia +61 (02) 8011 3254 Other Countries call +1-949-542-3500 Email: sales@forexsignal.com           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 at sales@forexsignal.com 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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