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Day: February 15, 2008
February 152008
Xforex Web Based Broker without Demo (Actually It Has Demo Accounts)
Xforex is a Forex broker that I added to the broker lists on my site today. Its not a new Forex broker at all it operates on-line since 2003. It has only a web-based trading platform which is optimized for IE, but it also works with Firefox too (though there may be some glitches). Trading platform itself is rather poor (in terms of indicators and automation), but it loads fast. Special Muslim accounts are available for appropriate customers. Unfortunately […]
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February 152008
Poor U.S. Macroeconomics Push Dollar Down
This week ends far worse for dollar bulls than they may have expected. Only Wednesday was an uptrend day for the U.S. dollar, but it didnt gain a lot that day. Friday brought in the break through the 1.4700 resistance level on EUR/USD. Some disappointing data on the net foreign purchases and the manufacturing survey were the most important causes of todays dollars decline. Export and […]
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February 152008
USD/CNY at Record Low Level
The Chinese yuan continued its triumph this week and was set at a new record high value against the U.S. dollar today at the Shanghai Foreign Currency Trade session. It will be 10th straight gaining week for the yuan if it closes at the 7.179 yuan per dollar. It is significantly lower rate than yesterdays 7.1904. Since European and American officials started to press on Chinese government to appreciate yuan […]
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