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Our proprietary forex trading signals have just recently bought the British Pound against the US dollar—forecasting that the GBPUSD will rally through near-term trade.

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Our proprietary forex trading signals have just recently bought the British Pound against the US dollar?forecasting that the GBPUSD will rally through near-term trade. Indeed, the “Breakout2″ trading system bought the GBPUSD at 1.7348 at 20:08 GMT.

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Despite gains for the South African ran and Mexican peso on Thursday, many emerging market currencies remain down over 15 percent since the start of the month. However, Asian EM currencies like the Singapore Dollar and Hong Kong Dollar have fared relatively better.

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DailyFX+ System Trading Signals – Breakout trades have predictably performed well through recent forex trade through tremendous currency volatility, and forecasts for similarly sharp price moves in the week ahead leaves our bias towards these volatility-oriented trades.

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The ongoing financial market crisis has made for tremendously volatile conditions in global forex markets, and our volatility-oriented forex trading signals have outperformed through record price movements.

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USDCHF – Our forex trading indicator currently forecasts that the USDCHF may rally through the near term. The ratio of long to short positions in the USDCHF stands at -1.40 as nearly 58% of traders are short. Yesterday, the ratio was at -1.59 as 61% of open positions were short.

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EURUSD – Our Forex positioning indicator forecasts that the Euro/US dollar may gain through near-term trade. The ratio of long to short positions in the EURUSD stands at -1.01 as nearly trader positioning is effectively neutral.

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USD/CHF Ratio: -1.41 Trading Forecast: Bullish

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EUR/USD Ratio: -1.00 Trading Forecast: Bullish

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NEW DELHI: NIIT Technologies has suffered a forex loss of Rs 8.5 crore during the July-September quarter, which pulled down its operating margin to 18 per cent from 19 per cent in the same quarter a year ago.

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