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NEW YORK
15:25		 LONDON
20:25		 PARIS
21:25		 FRANKFURT
21:25		 HONG KONG
02:25		 TOKYO
04:25		 SYDNEY
05:25
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UFXBank Daily Review - April 13, 2010

Written by ForexCult Team
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Daily Review 13/4/2010

USD Dollar (USD) – The Dollar weakened versus most majors following EU agreement to help Greece with a 61 billion Dollar rescue package. NASDAQ gained by 0.16% and Dow Jones gained by 0.08% and closed above 11K for the first time since September 2008. Crude Oil weakened by -0.77% closing at 84.27$ a barrel. Gold (XAU) weakened by -0.5% closing at 1,155.3$ an ounce. Today, Trade Balance is expected with -38.5B versus -37.3B prior. Treasury Sec Bernanke will speak in Washington.

EURO (EUR) –The Euro jumped after EU offered a rescue package to Greece worth as much as 45 billion Euros. As a result yields on Greece's bond fell, over reduced speculations the country will default. Overall, EUR/USD traded with a low of 1.3566 and a high of 1.3692. EUR/USD gapped up above the 50 day moving average which is located at 1.36 and is facing a major resistance at 1.3820, but could head lower to 1.35 toward closing the gap. No major economic data expected today.
EUR/USD - Last:  1.3590

Resistance    1.3695    1.3780    1.3817
Support    1.3570    1.3505   

EURUSD""

British Pound (GBP) –

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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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Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

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