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InstaForex Sniper: Enjoying Trading! How many activities do you really enjoy in your life? Sports, fishing, may be work, computer games or reading? Despite the complicity and type of your favourite activity, it should bring you satisfaction and make you happy. The best way of living is when you have several favourite activities or hobbies! If you do not have a hobby yet, pay attention to the InstaForex Sniper contest, which has already win the hearts of thousand of traders due to its unpredictability, power and, of course, prizes! This week the following contestants get their prizes for the correct choice of favourite activity: 1 place – Viktor Pulyaev (8792599) - 500 USD 2 place – Oleg Komarnitskiy (8796751) - 400 USD 3 place – Richardson George (8797469) - 300 USD 4 place – Nikolay Konistarkin (8798983) - 200 USD 5 place – Alik Sargasyan (8798249) - 100 USD InstaForex Company once again congratulates the winners and invites everybody to take part in the next competition. Try, believe and win! Contest statistics Registration page Photos and comments of the finalists

ECB's Draghi Says Europe In "Grave" Situation European Central Bank President Mario Draghi on Monday warned that Europe is in a "very grave state of affairs" and called on the governments to swiftly implement the recommendations by European Systemic Risk Board (ESRB) on macro-prudential mandates. Draghi, speaking in his capacity as the chair of the ESRB, said central banks' swap lines have helped to comfort market participants and reduced tensions. However, "their existence might also imply a moral hazard risk, hindering EU banks from adopting a more robust funding structure." The ESRB has published recommendations on macro-prudential mandates for national authorities. Draghi said the member states should implement these recommendations before July 1, 2013 and communicate by June 2012 their intentions with respect to implementation and on developments to date. The authorities need to restore confidence in sovereigns and ensure that EU firewalls are operational and well equipped with an effective and flexible mandate, he said, adding that they should also have clarification about the robustness of the EU financial system. Copyright© 2012 RTTNews.com. All Rights Reserved More FOREX-news on pages InstaForex.Com

European Economics Preview: German Wholesale Price Data Due No major economic reports are due at the start of the week except a debt auction from France, headlining a light day for the European economic news. Germany's wholesale price figures for December are due at 2.00 am ET. Wholesale prices are expected to rise 3.7 percent annually after increasing 4.9 percent in November. On a monthly basis, wholesale price growth is seen at 0.2 percent. At 3.00 am ET, Turkey's unemployment and consumer confidence figures are due. In the meantime, Czech producer prices are also due. Economists see producer price inflation to slow to 4.7 percent in December from 5.6 percent in November. At 3.15 am ET, the Federal Statistical Office is scheduled to issue Swiss producer and import prices for December. Economists forecast producer and import prices to fall 0.1 percent month-on-month after easing 0.8 percent in November. Italy's statistical office Istat is set to publish final consumer price figures for December at 4.00 am ET. According to preliminary estimate, EU harmonized inflation held steady at 3.7 percent. Norway's trade balance for December is due at 4.00 am ET. The trade balance showed a surplus of NOK 35.5 billion in November. France is set to conduct a debt auction today, the first sale after the ratings agency Standard & Poor's downgraded the country's ratings along with eight other Eurozone nations on Friday. The French government aims to raise as much as EUR 8.7 billion today. S&P lowered France's long-term sovereign credit ratings to 'AA+' from 'AAA'. The U.S. markets are closed for the Martin Luther King, Jr. day holiday. Copyright© 2012 RTTNews.com. All Rights Reserved More FOREX-news on pages InstaForex.Com

European Economics Preview: Eurozone Trade, UK Output Price Data Due Foreign trade data from Eurozone and output price figures from the UK and are the major news due from Europe on Friday. At 2 am ET, CPI figures from Finland is expected. Economists forecast the index to rise 3.1 percent year-on-year in December. At 3 am ET, Spanish statistical office Ine is expected release the inflation data for the month of December. Economists forecast the rate to stay unchanged at 2.4 percent. Inflation and industrial output data from Hungary is also due to 3 am ET. Dutch industrial production and foreign trade are expected at 3.30 am ET, while the Czech central bank is scheduled to release the current account data for the month of November at 4 am ET. At 4.30 am ET, the UK's Office for National Statistics is slated to publish the output price figures for the month of December. Output costs are forecast to rise 5 percent year-on-year in December. Eurozone trade balance is due at 5 am ET. The seasonally adjusted trade balance is forecast to post a surplus of EUR 0.5 billion. Polish inflation and current account figures are expected at 8 am ET. Copyright© 2012 RTTNews.com. All Rights Reserved More FOREX-news on pages InstaForex.Com

"InstaForex Sniper": Holiday that is Always with you! The holidays have already passed, the celebrations are over, and the daily routine has come. But this is not a reason to be upset! Discoveries, victories and new records are waiting for us! If you are still far from being the top trader you have a marvellous opportunity to become such in a new year! "InstaForex Sniper" brings joy and gifts every week irrespective of the calendar. Despite the fact that all New Year celebrations are over, there are some lucky ones that are happy of their victory: 1 place - Hadjioglo Ivan (8784540) - 500 USD 2 place - Vladimir Zhitnikov - (8786303) 400 USD 3 place - Aleksandr Tumazov (8783667) - 300 USD 4 place - Mohd Hisyam (8783667) - 200 USD 5 place - Dmitriy Harlanov (8785426) - 100 USD Please accept our warmest congratulations. We wish all traders to rejoice in their success with InstaForex! Contest statistics Registration page Photos and comments of the finalists

Euro Down Ahead Of ECB Meeting, Bond Auctions The euro was relatively weaker against its US counterpart before Wednesday's London session as caution prevailed ahead of tomorrow's closely watched European Central Bank decision and the upcoming bond auctions from a few major eurozone economies. The euro slipped to a 2-day low of 1.2730 against the dollar in the Asian session, erasing much of yesterday's gains that piled up after rating agency Fitch assured that France's AAA rating would remain intact for 2012. Market participants are also looking ahead at the bond market, with Germany auctioning EUR 4 billion of five-year notes today, Spain bidding EUR 5 billion of bonds maturing 2015 and 2016 tomorrow and Italy selling EUR 12 billion of bills. The ECB is widely expected to keep its benchmark interest rate at 1 percent. The euro depreciated almost 0.7 percent against the dollar from yesterday's 5-day high of 1.2819. The EUR/USD pair may re-test Monday's fresh 16-month low of 1.2667, given its fundamental weakness despite trading in oversold territory. The pair closed yesterday's deals at 1.2779. Copyright© 2012 RTTNews.com. All Rights Reserved More FOREX-news on pages InstaForex.Com

All deposit constraints for MT5 accounts are removed! InstaForex international broker announces the reduction of a minimum deposit for MT5 accounts to 1 US dollar. Earlier the minimal deposit rate for MT5 was 1000 USD. InstaForex makes MT5 accounts available to everybody regardless of the financial well-being, professional level and experience. It is worth reminding that InstaForex Company is one of the first brokers in the world that allowed real trading using the most innovative trading platform MetaTrader5. You can open a real trading account on the InstaForex website and start using MT5 right now! Open an MT5 trading account with InstaForex and feel a pleasant difference of real trading on MetatTrader 5. Trade and earn with InstaForex!

European Economics Preview: French Final GDP Data Due The final gross domestic product from France and mortgage approvals from the U.K. are the major reports due on Friday, headlining a light day for the European economic news. At 1.30 am ET, the French statistical office Insee is scheduled to issue GDP data for the third quarter. The Insee is expected to confirm 0.4 percent sequential growth. French producer prices are due at 2.45 am ET. Economists forecast producer price inflation to slow to 5.2 percent in November from 5.8 percent in October. At 3.00 am ET, Spain's producer prices and Hungary's final trade balance figures are due. Italy's statistical office Istat is scheduled to issue hourly wages for November at 4.00 am ET. Hourly wages had increased 1.7 percent annually in October. U.K.'s mortgage approvals is due from the British Bankers' Association at 4.30 am ET. The number of mortgage approvals is seen at 35,400, compared to 35,295 in October. The index of services for the U.K. is also due at the same time. Italy's statistical office is slated to publish consumer confidence at 5.00 am ET. Economists forecast sentiment to fall to 95.5 in December from 96.5 in November. More FOREX-news on pages InstaForex.Com

"InstaForex Sniper": All Year Round! You have already experienced the charm of winter, so now you must be looking forward to Christmas and New Year's Day and need to prepare for these holidays. In other words, it is a rush period: we have to think of presents, Christmas decoration, a place to celebrate the holidays, etc. But don't forget about your favourite activity - participation in the "InstaForex Sniper" contest! InstaForex Company gives presents regardless of the season! Welcome the top five who have already received their Christmas gifts: 1 place - Vadim Krivosheya (8756779) - 500 USD 2 place - Nebal saloul (8756638) - 400 USD 3 place - Alina Afanasyeva (8756309) - 300 USD 4 place - Nadezhda Andreeva (8757413) - 200 USD 5 place - Bogomolov Ivan Sergeevich (8746928) - 100 USD Please accept our sincere congratulations! We wish you a Merry Christmas and a Happy New Year! And remember to come back to continue participating in InstaForex contests! Contest statistics Registration page Photos and comments of the finalists

European Economics Preview: U.K. GDP Data Due The revised quarterly national accounts from the U.K. is the major statistical report due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Hungary's retail sales data is due. Economists forecast sales to drop 0.2 percent annually in October, reversing a 0.3 percent rise in September. Half an hour later, Statistics Netherlands is scheduled to issue Dutch consumer spending and final GDP figures. After falling 2 percent on a yearly basis in September, consumer spending is expected to drop 1.8 percent in October. The statistical office is also set to confirm 0.3 percent sequential fall in the third quarter GDP. In the meantime, Sweden's producer prices are due. Producer price annual inflation is seen at 0.1 percent in November, slower than the 0.3 percent growth in October. At 4.00 am ET, Italy's statistical office Istat is set to issue retail sales for October. Retail sales are forecast to ease 0.2 percent month-on-month after falling 0.4 percent in September. Norway's NAV jobless rate is also due. The Office for National Statistics is scheduled to issue U.K. GDP for the third quarter. According to the prior estimate, the economy had expanded 0.5 percent quarter-on-quarter. The statistical office is expected to confirm the initial estimate. Turkey's central bank is set to announce interest rate decision at 7.00 am ET. Economists expect the central bank to retain its key rate at 5.75 percent. More FOREX-news on pages InstaForex.Com

InstaForex Opening Hours over Christmas and New Year Dear Customers, You are kindly requested to read the information below on InstaForex opening hours over Christmas and New Year. Please make sure that your trading strategy complies with our schedule. This Christmas comes on Sunday, and the market closes at normal time on Friday, 23 December. 24-25 December are non-working days. On 26 December, the market opens at 09:00 (terminal time). The Support Service opens at the same time. On 30 December, both the market and the Support Office close at normal time (00:00, terminal time). 31 December - 1 January are non-working days. Normal opening hours of all departments resume on Monday, 2 January, at 01:00 (terminal time). We wish you a Merry Christmas and a Happy New Year!

German GfK Consumer Sentiment To Stay Stable German consumer confidence is set to remain stable in January, survey data from the market research group GfK revealed Tuesday. The forward-looking consumer confidence index is seen at 5.6 points, the same reading as seen in December. Consequently the consumer climate is holding steady heading into 2012, the GfK said. The reading was expected to fall to 5.5 points. The economic expectations index for December rose more than 6 points to -0.9. At the same time, the income expectations indicator increased by 2.9 points to 34. But willingness to buy did not benefit from the improvement in economic and income expectations in December. The indicator registered a marked decline of 12.9 points to reach 27.4. More FOREX-news on pages InstaForex.Com

U.S. Industrial Production Unexpectedly Drops In November After reporting a bigger than expected increase in industrial production for the month of October, the Federal Reserve released a report on Thursday showing an unexpected drop in production in November. The unexpected decrease was partly due to a pullback in factory output. The report showed that industrial production edged down by 0.2 percent in November following an unrevised 0.7 percent increase in October. The drop came as a surprise to economists, who had expected production to increase by 0.2 percent. More FOREX-news on pages InstaForex.Com

"One Million Option": The Road to Delight Every week InstaForex customers set off on a trip to the enchanting world of "One Million Option" contest, just like pearl divers or treasure hunters... Their way is strewn with treacherous market traps, so only the most valiant and experienced contestants are able to overcome the obstacles and follow the trend into the cave of delectation where they can relax after a week-long trip and get the much anticipated reward savouring the victory. Hundreds of traders decided to take this road, but just a five of the luckiest traders got to the finishing line. It's high time to announce their victorious names: 1 place - Abdullah Kadyrov (8735325) - 500 USD 2 place - Yelena Kosteletskaya (8742252) - 400 USD 3 place - Franz Yukhnevitch (8744232) - 300 USD 4 place - Denis Dumarenok (8737677) - 200 USD 5 place - Ivan Bogomolov (8731415) - 100 USD We congratulate the "One Million Option" prize takers! All those unfavoured by Lady Luck this time, do not give up: your time is sure to come. Just will, participate and win! Contest statistics Registration page Photos and comments of the leaders

European Economics Preview: SNB Rate Decision Due The interest rate decision from the Swiss National Bank, Purchasing Managers' survey results from Eurozone and retail sales from the U.K. are due on Thursday, headlining a hectic day for the European economic news. At 3.00 am ET, Markit Economics is set to publish French flash purchasing managers' survey results. The manufacturing PMI is forecast to fall to 47 and the services PMI to 49 in December. In the meantime, Turkey's unemployment and Czech producer prices are due. Economists forecast the jobless rate to rise to 9.5 percent in September. At the same time, Czech producer price inflation is expected to ease to 5.2 percent in November from 5.6 percent in October. The Federal Statistical Office is slated to release Swiss industrial output for the third quarter at 3.15 am ET. Economists forecast industrial production to drop 0.9 percent sequentially after rising 3.6 percent in the prior quarter. The Swiss National Bank is set to announce its interest rate decision at 3.30 am ET. The SNB is expected to maintain its three-month Libor at zero. Germany's flash PMI is also due at 3.30 am ET. The manufacturing PMI is seen at 47.5 and the services PMI at 50 in December. Half an hour later, Eurozone flash PMI is due. The composite PMI is forecast to ease to 46.5 in December from 47 a month ago. In the meantime, the European Central Bank is set to publish monthly bulletin. At 4.30 am ET, the Office for National Statistics is scheduled to issue U.K. retail sales. Retail sales are forecast to fall 0.3 percent month-on-month after rising 0.6 percent in October. Eurozone final inflation and employment reports are due at 5.00 am ET. Eurozone inflation is seen at 3 percent in November, unchanged from flash estimate. The Confederation of British Industry is scheduled to release Industrial Trends survey results at 6.00 am ET. The total order book balance is forecast to fall to -20 from -19 in November. More FOREX-news on pages InstaForex.Com

European Economics Preview: U.K. Claimant Count Data Due Jobless claims from the U.K. and industrial output from Eurozone are the major statistical reports due on Wednesday. Statistics Finland is slated to publish November inflation data. Annual inflation is expected to remain unchanged at 3.5 percent. Spanish final inflation figures are due at 3.00 am ET. EU harmonized inflation for November is expected to match 2.9 percent initial forecast. Swiss producer and import prices for November are due at 3.15 am ET. Producer and import prices are expected to fall 0.3 percent month-on-month and the annual decline is seen at 1.9 percent. The Office for National Statistics is scheduled to issue U.K. jobless claim figures for November. The claimant count rate is forecast to rise to 5.1 percent. The number of people claiming jobseekers' allowances is expected to rise by 13,700. Half an hour later, Eurostat is scheduled to issue Eurozone industrial production data. Economists forecast industrial output to remain flat month-on-month and to rise 2.1 percent annually. At 8.00 am ET, Norges Bank is set to announce its interest rate decision. The central bank is expected to cut its base rate by a quarter point to 2 percent. In the meantime, Poland's M3 money supply is due. A monthly growth of 1.2 percent is expected for November, double the 0.6 percent expansion logged in October. More FOREX-news on pages InstaForex.Com

Finnish Retail Sales Growth Slows In October Inflation from the U.K. and ZEW economic sentiment from Germany are the major statistical reports due on Tuesday, headlining a hectic day for the European economic news. At 1.30 am ET, the French statistical office Insee is slated to issue consumer prices for November. Annual inflation is expected to edge up to 2.4 percent from 2.3 percent in October. EU harmonized inflation is seen at 2.5 percent. The State Secretariat for Economic Affairs (SECO) is set to publish Switzerland's economic forecast at 1.45 am ET. At 3.00 am ET, Hungary's consumer prices are due from the Central Statistical Office. Economists forecast inflation to rise to 4.2 percent in November from 3.9 percent in October. Half an hour later, Sweden's inflation data is due. Inflation is expected to ease to 2.7 percent in November from 2.9 percent a month ago. The Office for National Statistics is set to publish U.K. November inflation figures at 4.30 am ET. Inflation is seen at 4.8 percent, down from 5 percent in October. Retail price annual inflation is also forecast to ease to 5.1 percent from 5.4 percent last month. Germany's ZEW economic sentiment survey results are due at 5.00 am ET. The economic sentiment index is forecast to fall to -55.8 in December from -55.2 in November. The current conditions index is expected to drop to 31 from 34.2 a month ago. Poland's consumer prices and current account figures are due at 8.00 am ET. Consumer prices are forecast to rise 4.5 percent annually in November, after climbing 4.3 percent in October. More FOREX-news on pages InstaForex.Com

Eurozone Sovereigns Still Under Pressure: Moody's The ratings of all European Union sovereigns will be revisited by Moody's Investors Service in view of the continued absence of decisive policy measures despite the recent euro area summit, the rating agency said in a statement on Monday. "This is because the absence of measures to stabilize credit markets over the short term means that the euro area, and the wider EU, remain prone to further shocks and the cohesion of the euro area under continued threat," Moody's said. The rating agency said there remained continuing tension between euro area leaders' recognition of the need to increase support for fiscally weaker countries and the significant opposition within stronger countries in doing so. More FOREX-news on pages InstaForex.Com

Research: China's Inflation Worries are Almost Dead Now Quotes from Standard Chartered: -China's inflation worries are almost dead now, but the bad news is that economic growth is also slowing substantially. -CPI inflation fell sharply to 4.2% y/y in November (from 5.5% prior). This implies a decline of 0.04% in m/m seasonally adjusted annual rate (SAAR) terms. -The fall in producer price index (PPI) inflation was even bigger, to 2.7% y/y in November from 5% prior. More FOREX-news on pages InstaForex.Com

European Economics Preview: ECB Expected To Cut Rates The interest rate decisions from the European Central Bank and the Bank of England are set to dominate the scene on Thursday, headlining a busy day for the European economic news. The Bank of France is scheduled to release business sentiment survey results for November at 2.30 am ET. The business sentiment indicator fell to 96 in October from 97 a month ago. Czech unemployment and Turkey's industrial production are due at 3.00 am ET. The jobless rate is forecast to rise to 8 percent in November from 7.9 percent in October. On a yearly basis, Turkey's industrial production is expected to grow 5 percent after rising 12 percent a month ago. Half an hour later, Dutch inflation figures are due. Annual inflation is expected to remain unchanged at 2.6 percent in November. The Hellenic Statistical Authority is scheduled to issue Greek unemployment data for September at 5.00 am ET. Ireland's consumer prices for November are due at 6.00 am ET. Annual inflation accelerated to 2.8 percent in October, the highest in six months. At 7.00 am ET, the Bank of England is slated to announce its interest rate decision. The BoE is likely to retain its asset purchase programme at GBP 275 billion and to leave its key rate unchanged at a historic low of 0.50 percent. At 7.45 am ET, the ECB is widely expected to lower its key interest rate by a quarter point to 1 percent. The central bank is also set to ease its non-standard measures. More FOREX-news on pages InstaForex.Com

"Rally FX-1": Trading in The Slipstream! If you consider Forex trading boring and low-level activity, you haven't participated in the InstaForex contests. If you were unsatisfied with the speed of contests, measure your body temperature, blood pressure and blood sugar level. Got normal medical parameters? Then you are ready to take part in an extreme competition "Rally FX-1" and reach the finish perfectly safe! And now let's introduce the leaders of the recent race, who has hardly recovered from the crazy overload experienced at the night race track: 1 place - Maksimilian Nolken (8723673) - 500 USD 2 place - Ekaterina Kosodiy (8720055) - 400 USD 3 place - Vladimir Shukshin (8712900) - 300 USD 4 place - Aleksandr Borisov (8721976) - 200 USD 5 place - Burlacu Vitali (8713864) - 100 USD Tired of grey colours? Take part in the next step of the unique "Rally FX-1" contest and add the colour of the best broker in Asia to your Friday! Contest statistics Registration page Photos and comments of the finalists

France's Baroin Sees No Need For Further Austerity Despite S&P Move French Finance Minister Francois Baroin said that the economy did not require a third round of austerity despite the Standard and Poor's decision on Monday to put 15 euro members, including France, under 'CreditWatch negative'. S&P has warned that it may downgrade the country by two notches from its triple-A rating. "We do not need a third austerity plan. We don't need additional measures," reports quoted the minister as saying in a television interview on Monday. France would not need public money to raise bank capital, he told France 3 television. He also said the rating agency had not taken into account joint announcement by France and Germany earlier in the day to push for a tougher new European Union Treaty. More FOREX-news on pages InstaForex.Com

European Economics Preview: Eurozone Retail Sales Data Due Retail sales from euro area and final Purchasing Managers' survey results from major Eurozone nations are due on Monday. Statistics Finland is slated to release quarterly national accounts for the third quarter at 2.00 am ET. At 3.00 am ET, Spain's statistical office INE is set to publish industrial output for October. In the meantime, Turkey's consumer and producer price figures are also due. Markit Economics is scheduled to publish Italy's services PMI at 3.45 am ET. Final PMI survey results for France and Germany are due at 3.50 am and 3.55 am ET, respectively. Eurozone final composite and services PMIs are due at 4.00 am ET. The flash composite PMI reading came in at 47.2 and services PMI at 47.8 in November. Economists expect final readings to match initial estimates. At 4.30 am ET, Eurozone sentix investor confidence survey results are due. The index is seen at -19.7 in December compared to -21.2 in November. The U.K. CIPS/Markit services PMI report is also due. The index is expected to fall to 50.5 in November from 51.3 in October. Eurozone retail sales data is due from Eurostat at 5.00 am ET. Economists forecast sales to rise 0.1 percent month-on-month after falling 0.6 percent in September. Annually, sales are expected to drop 0.6 percent. More FOREX-news on pages InstaForex.Com

Japan's Azumi Pledges Action Against Speculative Currency Moves Japanese Finance Minister Jun Azumi reiterated that he will not hesitate to take action if speculative yen moves appear, reports said on Friday. However, he declined to comment on whether Finance Ministry have been selling yen since October 31. Azumi said that the Japanese banks are not facing dollar liquidity shortage. More FOREX-news on pages InstaForex.Com

Research: Eur/usd - Trading Strategy, Trigger Points, and Support and Resistance Levels RBS has given the following trading strategy, trigger points, and support and resistance levels: TRADING STRATEGY: (from Monday) Small longs to 1.3394 at which point add to positions*to 1.3609 stop through 1.3250, (for those entering today buy dips 1.3394/3429 and stop through 1.3274) TRIGGER POINTS: 1.3610- The Initial low from the sell off and the important level to break to end this bear trend. 1.3394- a breaking of this level would be the breaking of the resistance trend line - it should now be supportive on dips SUPPORT LEVELS: 1.3262/78, 13218, 1.3180 RESISTANCE LEVELS: 1.3394, 1.3429/60 -Finally got the convincing breaking of the trend line today and still the market looks to want end the bear trend as witnessed since the end of November. The spike higher was very aggressive as it was across the board relating to 'risk' currencies. With it being so aggressive, the bias is for some kind of correction in the early part of the session and my (analyst) bias turns strongly to one of buy dips; between 1.3394/1.3429 is the stand out zone and is formed by the cluster of lows back in mid November and the138.2% extension of the initial sell off. Further downside supports lie at 1.3346 and 1.3274. More FOREX-news on pages InstaForex.Com