GBP/USD and EUR/USD

BIG Changes for MT4 Platform in 'a few Days' only.
They will be officially released (due to Latest News) on February 1, 2014.
They are not going to work with the Current MT Platform build 509 again...

Metaquotes will release MT4 Terminal Build 574
The NEW MQL4 language is quite different and the New updates need redesign :nerd:




http://c.mql4.com/images/market/meta..._market_en.png



http://c.mql4.com/forum/2014/01/bann...t_En_small.png



The issued a lot Indicators & EA not work any more, some have to be made New (Re-Write again), some will have errors
Are you 'ready' with NEW MT4 Platform techno ???




More Information in All about MT4 Program, Indicator, Script & EA

UPDATE 1-Fed's Yellen to testify before Congress Feb. 11 and 13

Fri Jan 31, 2014 12:20pm EST


Jan 31 (Reuters) - Incoming Federal Reserve Chair Janet Yellen will testify before U.S. lawmakers on Feb. 11 and again on Feb. 13 in what will probably be her first public comments on monetary policy and the economy after taking the reins at the U.S. central bank.

Yellen, who succeeds Ben Bernanke on Saturday to become the first woman to head the Fed, will break a nearly three-month-long silence with the two days of testimony on the Fed's semi-annual monetary policy report.

Yellen is to appear before the House Financial Services Committee at 10 a.m. (1500 GMT) on Feb. 11, according to a statement on Friday by the committee's chairman. She faces the Senate Banking Committee at 10:30 a.m. on Feb. 13, a committee aide said.



Reuters

The Fed’s case for tapering is a good sign for the economy

By Editorial Board,


IT’S NOT always wise to judge economic events by Wall Street’s reaction. But there was a rational basis for the markets’ ecstatic response to Federal Reserve Chairman Ben S. Bernanke’s announcement Wednesday of a “taper” in central-bank asset purchases . Part of the Fed’s unconventional response to the Great Recession has been a massive expansion of its balance sheet, including the recent addition of about $85 billion per month in government or government-backed securities. The Fed’s decision to decelerate bond-buying, starting with a $10 billion reduction in January, is a sign of confidence that the economy is starting to stand on its own two feet. And markets are correct to agree, especially in light of November’s better-than-expected job-creation report.


washingtonpost



At Yellen confirmation hearings, major Fed questions unanswered

By Editorial Board,


IN TWO key respects, Thursday’s confirmation hearing of Federal Reserve chairman-designate Janet Yellen before the Senate Banking Committee was perfectly unsurprising. First, through her temperate demeanor and command of the many issues facing the central bank, Ms. Yellen lived up to her billing as a first-rate academic economist with the personal qualities necessary to lead the Fed’s sometimes contentious board.

Second, to the extent she expressed any policy views, they were broadly consistent with her reputation as what you might call an evidence-based monetary dove. She conceded that the Fed’s controversial asset-purchasing strategy, known as quantitative easing, can’t go on forever. But citing persistent high unemployment, she added that “supporting the recovery today is the surest path to returning to a more normal approach to monetary policy” in the long run. “I believe it could be costly to withdraw accommodation or to fail to provide adequate accommodation,” she noted.


washingtonpost

An Explanation of Fed Tapering and its Impact on the Markets

By Thomas Kenny



The Current Status of Fed Tapering

The Fed is in the midst of tapering its stimulative quantitative easing policy. On December 18, the Fed decided to taper its quantitative easing policy by $10 billion per month, to $75 billion. Chairman Ben Bernanke expects the program to wind down steadily through 2014 and conclude by year-end, assuming the economy remains healthy. On January 29, the Fed announced that it would taper quantitative easing by another $10 billion per month to $65 billion.


What is Fed Tapering?

“Tapering” is a term that exploded into the financial lexicon on May 22, when U.S. Federal Reserve Chairman Ben Bernanke stated in testimony before Congress that that Fed may taper - or reduce - the size of the bond-buying program known as quantitative easing (QE).The program, which is designed to stimulate the economy, has served the secondary purpose of supporting financial market performance in recent years.



About.com

I guess we can anticipate fireworks in the markets in Feb 11
Hoping Price shoots up on GU and EU and then hummer both down aggressively.
regards

Yes. I think in 2 days of the Summit NEWS.... The Market will give BIG Surprise !

Cable in H4 Chart...

Hi Tsar
Short on EG EU and Long on U/F
staying away from cable until there is some bull reaction.
regards

This is what I'm looking at on the daily.



If this uptrend holds, I plan to make a lot of money. Otherwise, I plan to lose about 5% of my account getting stopped out.

Uptrend is dead for now ?

Hi Davit,

BEARISH Stonger in the Market's Now

Wait Cable Out from (Grey) TRIANGLE Box
Possible UP to Yellow Line 1.6364 as Nickline.
Or Continues go DOWN to DEMAND Area.

Cable in H4 Chart - Updates

Still played UP & DOWN

Cable in Daily Chart...

Need ONE Wave again... in Process for 'Retricement'

<p> </p>
<p></p>
Hi Davit,
price closed with a bullish candle yesterday and had pretty decent wick to the down side - this is indicative of buying pressure.
I suggest buying from any of these support levels for today:
1.6294
1.6275
1.6240
Happy trading!

Indonesia grows at faster than expected clip
Published: Wednesday, 5 Feb 2014 | 1:25 AM ET



Indonesia's economy grew at a faster annual pace than expected in the fourth quarter, as domestic consumption remained strong despite aggressive tightening by the central bank.

Gross domestic product rose 5.72 percent in the October-December period from a year earlier, buoyed by firmer exports on a weaker rupiah and growth in the transportation and communication sectors, the statistics bureau said on Wednesday.

(Read more: Down but not out - Indonesian plays still offer value)

The result beat economists' expectations of 5.30 percent year-on-year growth and was faster than a 5.62 percent rise in the third quarter.



http://fm.cnbc.com/applications/cnbc...G?v=1376910422
Rupiah



LINK : CNBC

Hold your horses, market rise is a 'dead-cat bounce'

Published: Wednesday, 5 Feb 2014 | 12:39 AM ET
By: Ansuya Harjani | Writer, CNBC Asia



Asian equity markets staged a rebound on Wednesday following a brutal selloff a day earlier; however, strategists are skeptical over the sustainability of the recovery, highlighting a slew of major risk events just around the corner.

"There's been nothing concrete to suggest risk appetite should recover. There are also still plenty of risks to come with the nonfarm payrolls this week," said Stan Shamu, market strategist at IG told CNBC.

Investors are expected to trade cautiously ahead of Friday's U.S. nonfarm payrolls report, which will provide more clues on the health of the world's largest economy, and could determine how the Federal Reserve will proceed with the tapering of its monthly asset purchases.



CNBC

European Stock-Index Futures Drop Before U.S. ADP Data
By Namitha Jagadeesh Feb 5, 2014 2:12 PM GMT+0700


European stock-index futures declined, after equities fell to an almost seven-week low, as investors awaited a private U.S. jobs report. U.S. index futures dropped, while Asian shares gained.

Alfa Laval AB surged the most since July 2011 after posting fourth-quarter order intake that exceeded estimates. Swatch Group AG gained 4.8 percent after reporting full-year profit that beat analysts’ projections. Konecranes Oyj and Hargreaves Lansdown Plc posted the biggest retreats on the benchmark index, each dropping at least 5 percent.

The Stoxx Europe 600 Index gained 0.4 percent to 318.74 at 8:34 a.m. in London. The Standard & Poor’s 500 Index futures fell less than 0.1 percent. The MSCI Asia Pacific Excluding Japan Index slid 0.4 percent, while Japan’s Topix added 2.1 percent.



Bloomberg



Europe’s Investment Bankers Mark Worst January in Decade
By Ambereen Choudhury and Elisa Martinuzzi Feb 5, 2014 7:01 AM GMT+0700


Investment bankers in Europe are off to the leanest start to a year in a decade as dwindling income from deal-making and trading presses firms to reduce costs.

Revenue from arranging mergers, loans and stock and bond offerings for clients in Europe, the Middle East and Africa fell 22 percent to $1.58 billion last month from the year-earlier period, according to data compiled by New York-based research firm Freeman & Co. That was the worst January since 2004, the data show. Comparable fees in the U.S. fell 19 percent in the period to $2.5 billion, the same level as 2011.

Banks in Europe are grappling with a stagnant economy, a rout in emerging markets that has crimped bond sales and regulatory pressure to shrink their operations. Fees in the region have been stagnant since the financial crisis and are at about half their 2007 peak, Freeman’s calculations show. That may force banks to cut jobs for a third consecutive year and reduce compensation for their employees.



Bloomberg

Market’s 19th Breakdown Sees Bulls Unmoved as Trillions Lost
By Whitney Kisling and Nikolaj Gammeltoft Feb 5, 2014 1:56 PM GMT+0700



http://www.bloomberg.com/image/iyont7zA0JCQ.jpg
The Deutsche Bank headquarters in Frankfurt, Germany.



Eighteen times Michael Shaoul has watched the U.S. stock market lose 5 percent or more since 2009. Eighteen times he’s been rewarded for holding on.

The bulls are being tested anew by a retreat that started in emerging markets and has since spread to developed countries, erasing $3 trillion from global equity values. Again, Shaoul’s Marketfield Asset Management LLC isn’t selling.



Bloomberg

Cable in H4 Chart - Updates

Run Volatile moved

Turnabout on Global Outlook Darkens Investor Mood
U.S. Job Growth Estimate Friday to Provide Next Clue


By Jon Hilsenrath
Updated Feb. 5, 2014 7:52 a.m. ET


A series of sudden, unfavorable events has in just a matter of weeks changed bright optimism about the pace of growth in the global economy this year to a deepening sense of doubt.

The warning signs are plentiful: Tumbling stock prices around the world, disappointing economic reports in the U.S. and China, hasty interest-rate increases in major developing countries including Turkey, India and South Africa, and whispers of disappointment in corporate earnings conference calls. They are combining to send a signal that the global economy might not be on the strong footing it appeared to be at the start of 2014.

Another closely watched indicator will arrive Friday, when the Labor Department releases its estimate of U.S. job growth in January. Still, that report, like other recent U.S. releases, could offer murky guidance due to quirks related to bad winter weather, only adding to uncertainty about the outlook.

Investors have been debating for days what's behind the sudden downdraft in global stocks. Among the possible culprits: The Federal Reserve's efforts to pull back on a bond-buying program that propped up markets in 2012 and 2013. Another is worries about a crisis building in emerging markets that could prove contagious.


The Wall Street Journal