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Markets Recover after heavy Selling. Daily outlook - 17th May 2012 U.S. Dollar Trading (USD) risk off selling continued into Europe yesterday but support was found and we saw good rebounds in most markets from Gold to the Euro. US data was strong with April Industrial Production rising 1.1% vs. -0.6% previously m/m... The Euro (EUR) the EUR/USD reversed from year lows under 1.2700 as the fear of Greece leaving the Eurozone subsided and profit taking lifted the major back to 1.2750 but is still under downside pressure. The G8 meet on the weekend and the EU Debt crisis will be high on the agenda... The Japanese Yen (JPY) the USD/JPY was well supported yesterday both on Dollar demand and rumors in the market the MOF is looking to possibly intervene again. Yen Crosses are heavily oversold and any large bounce in these pairs will help the USD/JPY rally... The Sterling (GBP) the GBP/USD was the weakest major overnight as the Bank of England Inflation report suggested more QE was very possible going forward. Support was found at 1.5900 and we spent the rest of the day grinding higher... Currency converter
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Forex Ratings' goal is to range forex brokers and provide analysis of the rates. This rating is based on votes from all sorts of traders from beginners to seniors. If you have ever traded a live account with any of these brokers, please rate it. You may rate several forex brokers, but only once a day. First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate brokers by the actual number of votes. Monthly voting statistics can be found here.
Forex broker rating | Forex broker comparison | Forex broker archive
# Forex broker Forex broker review For  Against Vote Stats Comments Q&A News Status
1 eToro eToro 54% 46% Voting archive eToro Comments about eToro Questions to eToro
2 RoboForex RoboForex 53% 47% Voting archive RoboForex Comments about RoboForex No questions
3 Hot Forex HotForex 51% 49% Voting archive HotForex Comments about HotForex No questions
4 ACM Swissquote 51% 49% Voting archive Swissquote Comments about Swissquote Questions to Swissquote
5 Nord Fx NordFX 50% 50% Voting archive NordFX Comments about NordFX Questions to NordFX
6 YoutradeFX YoutradeFX 50% 50% Voting archive YoutradeFX Comments about YoutradeFX No questions Newcomer
7 FXCM FXCM 50% 50% Voting archive FXCM Comments about FXCM Questions to FXCM
8 Alpari Alpari 50% 50% Voting archive Alpari Comments about Alpari No questions
9 MRC markets MRC Markets 49% 51% Voting archive MRC Markets Comments about MRC Markets No questions
10 AvaFX AvaFX 48% 52% Voting archive AvaFX No comments No questions Newcomer
11 EXNESS EXNESS 48% 52% Voting archive EXNESS Comments about EXNESS Questions to EXNESS
12 FBS FBS 48% 52% Voting archive FBS Comments about FBS No questions
13 William Hill William Hill 48% 52% Voting archive William Hill No comments No questions Newcomer
14 TradingPoint TradingPoint 47% 53% Voting archive TradingPoint Comments about TradingPoint No questions Newcomer
15 LiteForex LiteForex 46% 54% Voting archive LiteForex Comments about LiteForex Questions to LiteForex
16 CitiFX Pro CitiFX Pro 45% 55% Voting archive CitiFX Pro Comments about CitiFX Pro No questions
17 GCI GCI 44% 56% Voting archive GCI Comments about GCI Questions to GCI
18 Admiral Markets Admiral Markets 44% 56% Voting archive Admiral Markets Comments about Admiral Markets Questions to Admiral Markets
19 MasterForex MasterForex 44% 56% Voting archive MasterForex Comments about MasterForex Questions to MasterForex
20 Forex.com FOREX.com 43% 57% Voting archive FOREX.com Comments about FOREX.com Questions to FOREX.com
21 AFBFX AFB FX 42% 58% Voting archive AFB FX Comments about AFB FX No questions
22 Easy Forex Easy Forex 36% 64% Voting archive Easy Forex Comments about Easy Forex Questions to Easy Forex
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Popular comments

14 May 2012   Nick Answer this comment   MRC Markets Add new comment for MRC Markets
Mario I have to agree with Joe! )))
14 May 2012   Nick Answer this comment   MRC Markets Add new comment for MRC Markets
Mario I have agree with Joe...
I have never had such problems with them.

Julie, where r u from??? )
13 May 2012   Julie Answer this comment   MRC Markets Add new comment for MRC Markets
The main pluses trading with MRC Markets: ECN and ECN+ accounts, BIN, CFD. They are always in Livechat if you have any questions or problems.
13 May 2012   yehia ahmed Answer this comment   YoutradeFX Add new comment for YoutradeFX
it is sounds good i will try it

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10 May 2012   rajeev Answer this comment   MRC Markets Add new comment for MRC Markets
One does not need much money to trade with MRC Markets (If you have leverage 1:500 you only need a few bucks to trade 0.1 lot)
they say that there are no minimum limits at all (except for ECN accounts).
10 May 2012   Dan Answer this comment   EXNESS Add new comment for EXNESS
Trading is simple coz the platform is simple.
This broker was rated as best also by several rating agencies.
I choose only the best
10 May 2012   Joe Answer this comment   MRC Markets Add new comment for MRC Markets
Lol, please, show me a broker whose spreads always stay 0.5 pip?!
It is funny when trader claims a broker for the trader’s strategy. XD But it always is! *ROFL
Slippage shows that a broker really executes your 0rders, go on trading with brokers without slippage at all - You behave like a noob! – enable maximum deviation of the quoted price and do not be nerves!
They have ànalytics, charts are good, some of their IBs: mrcmarkets.com/beginners/partnerlist.php. I had several questions and they are always in livechat – I don’t know what u r talking about, my friend.
*If you cannot trade or fell anger of your personal losses stay away from trading!*
10 May 2012   Mario B. Answer this comment   MRC Markets Add new comment for MRC Markets
i am very surprised & suspicious for the comments that are in favor for mrcmarkets.com. these who post the comments must either work for this broker or they are morons. i have a trading account with them for few months & i closed it. they charged me the highest spread 5 pips on major pairs & 10 pips + slippage on every trade,money were missing from my account, no economic calendar, bad charts, no support of any kind. they don't have any name of the company's partners or managers. this broker must be a front for money laundry activities. *stay away from this broker*.
9 May 2012   Guest Answer this comment   MRC Markets Add new comment for MRC Markets
all brokers have some troubles, but imho mrc markets has less troubles. and i got app 15%.

Successful trading with NordFX

Successful trading with NordFX. Direct access to ECN, which will expand your trading opportunities: The best prices from Interbank market; Lowest spreads; No Dealing Desk; Market Depth. Base technology with all necessary instruments and best conditions - Metatrader 5 (and Metatrader 4): No requotes! A paradise for scalpers! REAL instant execution without manual dealers – less than one second. Usage of supplements (expert advisers, signals) without any restrictions. Variety of fund transfer methods (local deposits in some countries).Good luck in trading!
7 May 2012   S.K.P. Answer this comment   MRC Markets Add new comment for MRC Markets
Inspite of extra commissions ECN brokers leave other types far behind, it is a much more profitable system.
I trade with MRC Markets, and I can rely on my trading.
6 May 2012   Steve Answer this comment   NordFX Add new comment for NordFX
LIke this company for their good support, they can solve any problem you have, good broker for every day working


Forex Brokers News
17 May 2012   Alpari
Alpari Represented at Conference: "Problems and Outlook for Currency Trading in Russia"
The second annual "Problems and Outlook for Currency Trading in Russia" conference was held on May 14, 2012, at the Finance University of the Government of the Russian Federation. Alpari was represented at the event by Public Relations Director Valeriy Tarasov and Alpari Trader's School Director Sergey Semyonov...
17 May 2012   Alpari
Alpari Launching New Promotion...
Introducing Alpari's newest promotion:"Profitable Deposit"! Make a deposit between May 15 and June 15, 2012, and you can get a bonus of up to 10% of your deposit amount. A trading volume of at least 50 lots during the one month period following the deposit is required in order to be eligible for the bonus...
16 May 2012   Trader’s Way
20% All Deposits Bonus!
20% All Deposits Bonus Trader’s Way grants a 20% bonus to all deposits. May 02, 2012. Trader’s Way, a prime on-line FOREX and CFD broker, is pleased to announce that it has launched a promotion campaign granting a 20% bonus to any deposit...

Admiral Markets Gold Accounts are designed as MetaTrader4 trading accounts denominated in gold

Accounts are available for all customers, which is, beyond question, a considerable investment opportunity for every trader at all times. Gold (Aurum) is the most popular precious metal either in common life and financial world, as it is the primary component of the reserve funds managed by central banks. Without being a circulating medium, Aurum remains to be one of the most important elements in the periodic system as a vital commodity for various industrial applications.
16 May 2012   FXCM
FXCM Launches App Store for Traders
FXCM Inc., (NYSE: FXCM) announced today that is has fully launched its forex trading app store—FXCM Apps. A unique offering in the retail forex industry, FXCM presents custom applications for the FXCM Trading Station and MT4 platforms...
16 May 2012   RoboForex
14th Demo Competition Results Released
We are pleased to inform you that we’ve recently awarded the best contestants of the 14th Demo Competition. Here’s the table of prize winners...


Currency converter

Daily Forex Reviews & Forecasts
17 May 2012   FXCM
Dollar Just Short of 16 Month High, We Need a Push
We are keeping the count on the dollar’s impressive run. With Wednesday’s close, that is four consecutive bullish trading days and 11 advances in the past 13 sessions...
17 May 2012   LiteForex
EUR/USD: Euro is being technically corrected
The pair EUR/USD traded upward at the Forex currency market on Thursday morning. By 8.25 Moscow time the Euro is at 1.2742 against yesterday' closing level of 1.2715...
17 May 2012   RoboForex
Forecast for May 17th, 2012
Although we expected the EUR/USD currency pair to start growing up, it continued moving downwards. We still don’t recommend selling the pair. By the moment the price has reached the first target of “triangle” pattern at the daily chart, it’s the descending channel’s lower border...
17 May 2012   Admiral Markets
U.S. Dollar Rally Continues
United States (US) new residential housing starts increased 2.6% month on month to 717,000 in April 2012 from March, according to the US Census Bureau and the Department of Housing and Urban Development on Wednesday...

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17 May 2012   Admiral Markets
NZ Producer Input Prices up 0.3%, Output Prices down 0.1%
New Zealand producer input prices increased 0.3% in the three months to March 2012 compared to the December 2011 quarter, the slowest increase in over two years, according to data by Statistics New Zealand on Thursday. The March 2012 quarter increase was mainly from higher electricity generator prices...


Daily Forex Snap-Shots

FX Consolidates As Headlines Slow
May 17 2012

Risk appetite returned marginally in the Asian session as the fear driving Greece headlines tampered off. Given the uncertain overhang in Europe, we suspect the recent recovery in FX markets is more a function of consolidation rather than reversal in expectations. EURUSD was range-bound between 1.2736 to 1.2750, while USDJPY fell to 80.26 in light trading. In a subdued session, Asia’s regional indices are stronger across the board with Nikkei up +0.77%, the Hang Seng +0.85% and the Shanghai Composite higher by +1.36%. AUDUSD recovered to 0.9962 from 0.9908 as Australia consumer inflation expectations for May at 3.1% vs. 3.3% in April. In Singapore, GDP came in at 1.6% y/y vs. 1.8% continuing a trend of weaker than expected regional growth data. As for Europe, pressure continues to build on the Greek banking sector. Yesterday it was reported that the ECB had halted offering liquidity to select Greek banks which they considered insolvent. A unnamed Eurozone central bank source stated "As recapitalization wasn't in place, the ECB stopped monetary policy operations".


Technical & fundamental analysis
17 May 2012   ForexCycle
Daily Forex Analysis
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2681. Another fall to test 1.2624 (Jan 13 low) support could be seen after a minor consolidation...
17 May 2012   FXCM
EURUSD: Possible Bounce a Selling Opportunity
We initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair sold off after putting in a bearish Harami candlestick pattern and we revised our objective to 1.2674 – the 50% Fibonacci expansion level – as well as trailed our stop-loss to breakeven (1.3073) after prices met the initial downside objective...
17 May 2012   Admiral Markets
EURUSD – Daily Technical Outlook
On Wednesday USD lost some of its gains against EUR after minutes from the last FOMC meeting showed that some of the committee members thought that further easing may be required should the economy lose momentum...
17 May 2012   Dukascopy
Fundamental Analysis
Inflation in the seventeen nation bloc eased to 2.6 per cent in March from 2.7 per cent the previous month, said the European Union’s statistics office in Luxembourg on Wednesday...

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17 May 2012   ZIFX
Technical Analysis EUR/USD Bounces, But Greece Fears Remain
On Wednesday Euro/Dollar traded within 80 pip range. The European currency appreciated from 1.2680 to 1.2759 yesterday, not matching the negative money flow sentiment at nearly -11%, closing the day at 1.2713. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now...





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