Tuesday, 19 August 2014

How to Choose an Islamic Forex Broker

It is not that well understood why certain Forex brokers are acceptable to Muslims and others are not. The reason is actually very simple. Islamic law prohibits any form of usury, meaning any financial transaction where one either pays or receives interest. If you keep a Forex trade open past a certain time, which is usually 5pm New York time, you will either receive or be charged a small amount of interest on your open trade, which is based upon the differential in the current respective market interest rates that make up the currency pair that has been traded. This is unacceptable under Islamic law.
As the number and wealth of the global Islamic community has increased over recent decades, there has been a growing response within the financial services industry worldwide to provide more financial products and services that are compliant with Islamic law. For example, many European and American banks now offer Islamic bank accounts, Islamic mortgages etc. Creative and fairly straightforward solutions are offered to avoid the actual payment or charging of interest.

USD/JPY Forex Signal- August 19, 2014

USD/JPY Signal Update

Yesterday’s signal was not triggered as the price never reached 103.00.

Today’s USD/JPY Signal

Entries should only be made before 5pm New York time, or during the following Tokyo session.
Risk 0.75% of equity.

GBP/USD Forex Signal- August 19, 2014

GBP/USD Signals Update

Yesterday’s signals were not triggered as the price never reached either 1.6623 or the bearish trend line.

Today’s GBP/USD Signals

Risk 0.75%.
Entries may only be made between 8am and 5pm London time today.
Long Trade
Long entry following bullish price action on the H1 time frame after the first touch of 1.6623.
Put a stop loss 1 pip below the local swing low.
Adjust the stop loss to break even when the price reaches 1.6650.
Remove 75% of the position as profit at 1.6650 and leave the remainder of the position to run.

EUR/USD Forex Signal- August 19, 2014

EUR/USD Signal Update

Yesterday’s signals were not triggered as the price never reached either 1.3325 or 1.3442.

Today’s EUR/USD Signals

Risk 0.75% equity.
Entries may only be made between 8am and 5pm London time today.
Long Trade
Long entry following bullish price action on the H1 time frame after the first touch of 1.3325.
Put a stop loss 1 pip below the local swing low.
Adjust the stop loss to break even when the price reaches 1.3440.
Remove 50% of the position as profit at 1.3440 and leave the remainder of the position to ride to 1.3500.

Gold Price Analysis- August 19, 2014

Gold prices continued to fall during yesterday's session and closed the day at $1298.26 an ounce as a friendly risk environment have provided better investment opportunities elsewhere. Israeli and Palestinian leaders agreed to extend a five-day ceasefire by 24 hours and resume current negotiations. Hopes of diplomatic solution to the Ukraine crisis weighted on the market as well. Russian Foreign Ministry said issues related to the humanitarian convoy to southeastern Ukraine had been resolved.
Easing geopolitical risks dulled desire for safe haven diversification for now but we continue to monitor developments cautiously. We have a bearish Tenkan-sen (nine-period moving average, red line) - Kijun-sen (twenty six-day moving average, green line) cross and prices are below the Ichimoku clouds on the 4-hour chart. The XAU/USD pair is testing the support around the 1297 level during the Asian session, by the time I prepare this analysis. If the bears capture this camp, the next support to watch will be around the 1292 level which happens to be the bottom of the Ichimoku cloud on the daily time frame. A daily close below this level means the 1287/6 support could be the next stop.
XAUUSD Daily 81914

Crude Oil Price- August 19, 2014

The WTI Crude Oil markets fell during the course of the day on Monday, breaking to a fresh, new low. Because of this, it’s more than likely that we will continue to go lower, probably aiming for the $92.00 level first which I see as a significant support level on the longer-term chart. Below there, I see the $90.00 level as well, being a large, round, psychologically significant number. I think that a lot of buyers will be down there waiting for the market based upon perceived value.
A supportive candle somewhere in this region would be a decent buying opportunity in my opinion simply because the risk to reward ratio would be so great. With that, I would be a buyer and aiming for probably the $97.00 level, as it was once a significant support level. That being the case, it makes sense that it would now be a significant resistance barrier, with perhaps a little bit of resistance at the $95.00 handle as well, based upon the fact that it is a large number.

EUR/USD Daily Outlook- August 19, 2014

The EUR/USD pair fell during the day on Monday, but remained within the consolidation area that we had been trending in for a couple of weeks now. The 1.33 level below of course is very supportive, and as a result we need to get down below there before I would consider selling this market. At that point in time, I would assume this market to break down to the 1.30 handle relatively quick. On the other hand, this is an area where we could see a significant amount of support, so we always could have a buying opportunity based upon a supportive candle.
I also believe that the 1.35 level above will be resistive, just as the 1.3450 level is. With that being the case, this is going to be more of the typical EUR/USD pair type of behavior, meaning that the markets will simply grind sideways and do nothing in general. Short-term trading will continue to be the way, and as a result the markets should continue to be traded off the short-term charts in general.

EUR/GBP Daily Outlook- August 19, 2014

The EUR/GBP pair fell during the session on Monday, closing below the 0.80 handle again. After forming two shooting stars in a row last week, this is not much of a surprise as it appears that the buyers have run out of steam a little bit at this point. However, we have a clear resistance level above that if it should get broken, should send this market much higher. The 0.8030 region shows significant resistance for the second time now, and as a result we feel that a move above there has this market going much higher.
Ultimately though, we believe that the downtrend could very well continue to push this market lower but we need to see a fresh, new low in order to be as confident as we once were. This could also be simple consolidation at the bottom of the marketplace, perhaps signaling either a continuation coming, or the so-called “accumulation phase”, when the smart money reenters the marketplace

Monday, 18 August 2014

The 11 Most Powerful Militaries In The World

The 11 Most Powerful Militaries In The World
Asymmetrical wars in Afghanistan, Vietnam, and now in Syria demonstrate all too clearly that relatively small numbers of belligerents can carry out successful military operations against superior forces.

But still, firepower is extremely important. A country's projection of power relies in large part upon its military capabilities. Successfully being able to project and wield that power is a key diplomatic asset.

The website Global Firepower ranks the most powerful militaries in the world based on multiple factors, including available manpower, total labor force, and access to strategic assets. Nuclear capabilities are not included in the calculation.

Below are the 11 most powerful militaries in the world according to the 2014 rankings (click country names to see military assets data).

1. The United States

USS Eisenhower
Stringer . / Reuters
The U.S. defense budget is $612 billion. Despite sequestration and other spending cuts, the United States spends more money on defense than the next ten highest spending countries combined.
America's biggest conventional military advantage is its fleet of 19 aircraft carriers, compared to 12 carriers operated by the rest of the world combined. These massive carriers allow the U.S. to set up forward operating bases anywhere and project power throughout the world.
The super power also has by far the most aircraft of any country, cutting-edge technology like the Navy's new rail gun, a large and well-trained human force — and that's not even counting the world's largest nuclear arsenal.

strangest places on earth

strangest places on earth



1.) Hoia Baciu Forest (Romania): This forest is known as the “Bermuda Triangle” of Romania. Multiple people have gone missing in it, people have sighted UFOs, there has been unexplained electrical phenomena and more.

1.) Hoia Baciu Forest (Romania): This forest is known as the “Bermuda Triangle” of Romania. Multiple people have gone missing in it, people have sighted UFOs, there has been unexplained electrical phenomena and more.
imgur

2.) The Catacombs (Paris): The Parisian catacombs are a giant ossuary and cemetary that are located beneath that city’s streets. There are approximately 6 million bodies put to rest in the catacombs. There is a city of the dead waiting to be explored beneath the city of lights.

Sunday, 17 August 2014

GBP/USD little changed, near 4-month lows

The pound was little changed against the U.S. dollar on Friday, still hovering close to four-month lows after the release of mixed U.S. economic reports as recent comments from the Bank of England continued to dampen demand for sterling.
Forex - GBP/USD little changed, near 4-month lowsPound holds steady against dollar after U.S. data
GBP/USD hit 1.6701 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.6696, inching up 0.06%.
Cable was likely to find support at 1.6658, Thursday's low and resistance at 1.6778, the high of May 30.
In a preliminary report, the University of Michigan said that its consumer sentiment index ticked down to a nine-month low of 79.2 in August, from a reading of 81.8 the previous month. Analysts had expected the index to rise to 82.5 this month.
A separate report showed that U.S. industrial production rose 0.4% in July, beating expectations for a 0.3% gain, after an increase of 0.4% in June whose figure was revised from a previously estimated 0.2% rise.

EUR/USD gains on soft U.S. data, Ukraine events

The euro firmed against the dollar on Friday after consumer sentiment numbers disappointed investors, while news of escalating tensions in Ukraine spooked markets, which also came at the greenback's expense.
Forex - EUR/USD gains on soft U.S. data, Ukraine eventsDollar slumps on soft consumer sentiment data, escalating Ukraine tensions
In U.S. trading, EUR/USD was up 0.18% at 1.3389, up from a session low of 1.3359 and off a high of 1.3412.
The pair was likely to find support at 1.3336, Tuesday's low, and resistance at 1.3415, Wednesday's high.
The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the dollar.
Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month, from a reading of 25.60 in July, worse than expectations for a decline to 20.0.

Forex - USD/JPY drops on U.S. data, escalating Ukraine conflict

The dollar dropped against the yen on Friday after U.S. consumer sentiment data missed expectations, while escalating tensions in Ukraine weakened the greenback as well.
Forex - USD/JPY drops on U.S. data, escalating Ukraine conflictDollar moves lower against yen on U.S. data, Ukraine conflict
In U.S. trading, USD/JPY was down 0.13% and trading at 102.32, up from a session low of 102.14 and off a high of 102.71.
The pair was expected to test support at 101.51, the low from Aug. 8, and resistance at 102.71, the session high.
The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the dollar.
Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.

Dollar falls on U.S. data, escalating Ukraine conflict

The dollar traded largely lower against most major currencies on Friday, as a mixed bag of data coupled with a fresh flare up in the Russia-Ukraine conflict stoked concerns the U.S. economy still faces headwinds as it recovers.
Dollar falls on U.S. data, escalating Ukraine conflictDollar slides on soft U.S. data, mounting Ukraine tensions
In U.S. trading on Friday, EUR/USD was up 0.24% at 1.3398.
A double-shot of mixed data and geopolitical concerns took its toll on the dollar on Friday.
The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the U.S. currency.
Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.
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