EUR/USD pullback

0818 GMT [Dow Jones] Societe Generale's technical analysis team believes the downward move in EUR/USD that started in late November has been corrective but still sees further short-term risk to the downside. It expects the 1.3975/1.4085 support zone or even the medium-term pullback line coming at 1.4160/65 limiting the downside before EUR/USD retargets the 1.4965 high with intermediate resistance areas at 1.4525 and 1.4750. EUR/USD trades at 1.4383. (NKA)

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(END) Dow Jones Newswires

December 18, 2007 03:18 ET (08:18 GMT)

The U.S. Census Bureau collect data to measure the economy

WASHINGTON (Dow Jones)--The U.S. Census Bureau will mail forms to 4.4 million businesses this week to collect data needed to measure the economy.

The bureau held a news conference Monday to urge businesses to complete the forms and return them by Feb. 12. Businesses that receive an economic census form are mandated by law to complete and return it.

Martin Regalia, chief economist for the U.S. Chamber of Commerce, said the data collected provide firms with information on their competitors, suppliers and customers.

"This data is vital for planning future investment," he said. "It's not just the law, it's good business."

-By Jeff Bater, Dow Jones Newswires; 202 862 9249; jeff.bater@dowjones.com
(END) Dow Jones Newswires
December 17, 2007 11:35 ET (16:35 GMT)

Money management for Newbie Trader

The Way to not waste money in your first experience forex trading:

1. Start with pair that has little spread (2 suggested).
2. Start with pair that has little volatility beside wild volatility, and I suggest you not to try GBP-JPY for your first trading.
3. Keep your fundamental knowledge analysis instead of technical analysis at 1st.
4. Get in to the market in the right moment (don’t try to fight trend).
5. Use in-and-out method (out when you get 2-4 pips).
6. Get warming up with minimum 30 minutes with your demo account to learn how market running in the moment.
7. Stabilize your psychological environment before you get in to the market.
8. Use only 1 open position every time you enter the market. Only open 1 another just for averaging (1 new position that reverse with your first open position).
9. Much better you use at least one another platform with demo account as a backup of your real account at the same time. If you’re not confidence with your decision to open your position, you can try to your backup platform at first.
10. Withdraw your profit as soon as you reach minimum withdrawal. Don't wait till you lost your profit money.
11. Discipline.