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Day: June 2, 2008
June 22008
Profitunity Study Manual by Bill Williams and Justine Gregory Williams
A new Forex related ebook is now available for download Profitunity Study Manual. If you are still unfamiliar with Bill Williams theory of the chaos trading, this ebook will help you to understand the most important aspects of this theory and learn completely new ways of market analysis. Profitunity trading was developed by Bill Williams to make a new alternative to a prevailing static theory of the market analysis and now it serves as an advanced way […]
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June 22008
U.S. Economy is Improving
EUR/USD fell by more than 60 pips today as the fundamental reports from U.S. signaled that the economy is improving there. Construction spending was expected to fall by 0.6% in April; instead it was down only 0.4% after 1.1% drop in March. ISM report on manufacturing sector of the economy showed that the PMI (purchase manager index) grew up from 48.6 in April to 49.6 in May. A drop to 48.0 was expected by the market […]
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June 22008
Pound Posted Biggest Daily Drop in 3 Weeks
The pound sterling posted today its biggest drop against the U.S. dollar since May 7 as the speculations that Bradford & Bingley Plc, the largest mortgage lender in U.K., will have to raise more capital, indicated a worsening in the real estate market crisis. The currency also fell against euro and yen as the investors expected that the Bank of England will show […]
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June 22008
Aussie Goes Down on Weak Retail Sales
The Australian currency dropped today on Forex as the government bonds rose after the report on the April retail sales showed a decline of this important indicator. The retail sales in Australia slid down 0.2 percent in April, forming a steady downward monthly trend for the growth macroeconomical indicator. A decline in retail sales is now attributed to the extremely tight monetary policy in Australia, spurring belief that the […]
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