.
NEW YORK
15:17
LONDON
20:17
PARIS
21:17
FRANKFURT
21:17
HONG KONG
02:17
TOKYO
04:17
SYDNEY
05:17
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UFXBank Daily Review - March 24, 2010

Written by ForexCult Team
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Daily Review 24/03/2010 

USD Dollar (USD) –
The Dollar rose against most majors as concerns over aid to Greece boosted demand for safer assets. Existing Home Sales came out slightly better than expected at 5.02M vs. 5.01M forecast. NASDAQ and Dow Jones advanced by 0.83% and 0.95% respectively. Crude oil rose by 0.4% closing at 81.9$ a barrel. Gold(XAU) rose  by 0.4% closing at 1103.7$ an ounce. Today, Core Durable Goods Orders are expected to rise from -0.1% to 0.6%, New Home Sales are expected at 318K vs. 309K.
EURO (EUR) – The Euro fell versus the Dollar after an official said French and German leaders agreed the International Monetary Fund should be involved in any aid package for Greece, damping demand for the common currency. The EUR/USD has been trading downwards in the last week therefore a short position is preferred, the main support is 1.3450. Overall, EUR/USD traded with a low of 1.3476 and with a high of 1.3567.Today, German IFO Business Climate is expected to rise from 95.2 to 95.8, Industrial New Orders are expected at 2.0% vs. 0.8% prior.
EUR/USD – Last: 1.3459

Resistance    1.3569    1.3627    1.3728
Support    1.3446       

EURUSD""

British Pound (GBP) &ndash

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Interview with Matthew Sheppard

Senior Forex Advisor at XForex


1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

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We deal with clients on all levels from the beginning stages to the more advanced trading levels.

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Because of our high presence on the web, most of our business comes from the online world.

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My advice to the beginning trader entering the Forex world is as follows:
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