JP Morgan posts profits:

Hi today I want to answer a few questions they ask me a lot about the Automated Accounts I hope they will help you. If you have any other question or comments please send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
1. What is an automated account? The Automatic accounts are a new service that is given by Fx-Megaforex, for the investors that want to invest and gain money in Forex but they don´t have the time or education to do it.
2. What are the benefits? *Profits from 15-35% monthly, if you account is $500.00 and you want a minimal risk. If you want a more aggressive approach your account should be at least $1500.00 and you will have to risk a little bit more, in that case you can make between 25-75% monthly. *Anyone can do it you don´t need to be an expert. *No Internet connection or leaving your computer on. *Works 24 hrs. The 6 days of the financial week. *Use the Fx-Megaforex server. *You just wait and receive your profits at the end of every cycle. The cycle ends when it reaches a target, we send an email telling you when the cycle ends and how can you pay the profits to us.
3. With how much money can I use the system? The minimum account permited for the system is $500.00, we can not accept less than this. Notice that with this amount the profits monthly are between 15-35%, with a minimal risk.
4. Is this a quick scheme to get money? No, this is not a quick scheme to make money, this a steady income, where your account is increasing in a continous steady way.
5. Do you give any guarantee or there is a risk in losing money? No, there is no guarantee. As you know every investment involves a risk, specially a volatile market as forex. But we sure take all the precautions necessaries to take the less risk posibles. Even if that means one day your account will not work because a big news is coming that the market is not stable.
6. Which broker do I have to use? You can use any broker that have a Metatrader4 platform. We at fx-megaforex work with 2: eForex & Avafx.
7. How much do I pay? You have to pay $50 to activate your account & then 50% of your profits at the end of every cycle.
8. When does the cycles end? The cycle ends when it reaches a target of 25-35%.
9. What happen if I don´t pay the profits? When the cycle finish we stop working in your account and send you an email telling you that you need to pay the 50% of the profits and that you have 5 business days to do so. If you don´t do it in that time your account will not work again and you will have to pay the $50 of activation again.
10. Do you have access to my funds account? NO, we don´t have access to your funds accounts. You transfer and withdraw money in your account through your broker as you always did. You just send the 50% of the profits to us through Alert pay or Bank Transfer.
11. How do I pay the 50% of profits to Fx-Megaforex? After you receive the email requesting the money you can send the money through our Alertpay account or a bank transfer.
12. Do I have to withdraw money from my account to pay you? Is up to you. You can withdraw money, making sure you always have a minimum balance of $500 or you can send the money through your credit card, or bank account, etc.
13. Do you have live proof of some accounts? Yes you can check out one of our automated accounts at http://fxmegaforex.MT4Live.com please notice this account the starting balance was $500 and is working with a minimum risk. Is updated every 5 minutes.
14. Anyone can do it? Yes anyone can do it you just need a forex account in a platform of Metatrader 4.
15. Once I pay the activation of my account what happens? Once you pay you will need to send to us the login information about your account, username and passowrd. Then you will please allow up to 2 business days to activate your account.
16. When can I see my account? Some brokers allow you to download the platform in your own computer and you could see everything that is going on. But if your broker doe not allow this you will receive a link where you can see the results live and updated every 5 minutes.
Well I hope you clear all your questions but remember if you have any other question or comments please send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it or enter our web page at http://www.fx-megaforex.com/automaticaccount.htm or write a comment here.

People have started spending on cars and hobby items despite high unemployment levels.

Hi friends here is the analysis of the daily graphic of the EUR/USD I hope it will help you. If you need more information, analysis or help with your forex trading please visit http://www.fx-megaforex.com/pips911.htm

EUR/USD as you can see above the daily graphic it shows a double botton low late last week and on monday it reach a higher level at 1.3690 then it went down again. The downside support level is at 1.34 price region, with a downside support target at 1.3265-80 price zone.   To the upside, the key level to watch continues to be 1.3800. If 1.3800 continues to be respected, the overall downtrend should continue to be intact, while a breakout above that key level would place the current downtrend at serious risk of trend change/reversal.

USDJPY

: The pair has halted its recent corrective weakness and is now on the offensive. Its immediate challenge is for it to break and hold above the 93.74 level, with a break of turning it towards the next upside objective residing at the 94.76 level.  Support starts at the 92.82 level, where we expect a reversal of roles to occur and turn the pair back down again.  Overall, USDJPY still retains its short-term uptrend though faced with corrective weakness.

On Monday, Gold was $1,168.70 an ounce in Europe after the Euro zone finance ministers agreed for a 30 billion euro package for Greece.

Platinum reached a 20 month high whereas palladium reached a 2 year high. The rise in the prices are partially attributed to speculations that the demand will surge for the metals used in catalytic converters.

At 1103 GMT, the bidding rate on spot gold was $1,164.55 an ounce. On Friday, the gold price in New York was $1,159.00.

On Monday, Gold was $1,168.70 an ounce in Europe after the Euro zone finance ministers agreed for a 30 billion euro package for Greece.

Oil price was below $85 a barrel on Monday despite reports showing data about increase in crude imports by China. Analysts feel that the price fell even with favourable factors for a price rise.

Hi friends here is the weekly analysis hope it will help you achieve your financial goals.

*American & Canadian Trade Balance: Published on Tuesday at 12:30 GMT. It’s expected to show a bigger deficit this time – over 38 billion dollars.

*America CPI: Published on Wednesday at 12:30 GMT. CPI is expected to rise by 0.2% after remaining unchanged last time. Core CPI, which the Fed watches closely, is expected to rise by 0.1%, exactly like last month.

*American Retail Sales: Published on Wednesday at 12:30 GMT, together with the CPI. Consumer behavior is felt strongly in retail sales. Both releases mean very choppy trading.
*Ben Bernanke talks: Begins testifying on Wednesday at 14:00 GMT. Talking about the economy will definitely shake the dollar.
*American Unemployment Claims: Published on Thursday at 12:30 GMT. This figure has proved to be the best indicator for the Non-Farm Payrolls. It’s expected to drop back to 439K this time.
*American TIC Long-Term Purchases: Published on Thursday at 13:00 GMT.
*American Philly Fed Manufacturing Index: Published on Thursday at 14:00 GMT. It’s now predicted to take the next step and rise to 20.3 points.
*European CPI: Published on Friday at 9:00 GMT. European prices are too stable for a rate hike in the foreseeable future. CPI will probably be confirmed at an annual rise of 1.5% while Core CPI is expected to be revised from 0.8% to 0.9% – still quite low. The Euro still suffers from the Greek crisis.
*American housing figures: Published on Friday at 12:30 GMT. Building Permits ticked up to 640K last month, slightly better than expected. So now, they’re predicted to slip back down to 630K. The complementary figure, Housing Starts, is expected to make a bigger move with a rise from 580K to 610K. If both figures surprise in the same direction, this will rock the markets.
*American Consumer Sentiment: Published on Friday at 13:55 GMT. This figure is predicted to rise above 75 points, the highest since January 2008. Choppy trading is expected.
As you can see there are no major economic news for the GBP or other pair, so it will be up to the USdollar, so be careful if you are trading crosses with the USdollar. If you want to see more economic news and their impact please go to http://www.fx-megaforex.com/calendarnews.htm 

• The U.S. dollar gave up some of this week's gains versus major rivals Friday, slipping versus a rebounding euro as worries about Greece's debt problems eased somewhat.
• China is the other hot topic in forex markets. If China allows its currency to significantly appreciate against the U.S. dollar, the Australian dollar and the New Zealand dollar would likely be the biggest losers among Group of 10 developed countries' currencies, and Japan's yen the biggest winner, according to Barclays Capital foreign exchange analysts.
• The Canadian dollar retreated versus the U.S. unit after March jobs data proved weaker than expected. The U.S. dollar fetched 1.0062 Canadian dollars, up 0.4% on the day.

As always I invite you to visit our web page at http://www.fx-megaforex.com
and if you want to know which economic news are for next week visit http://www.fx-megaforex.com/calendarnews.htm