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Day: October 8, 2009
October 82009
Global Recovery Signs Hurt Dollar
The U.S. dollar declined today against the euro and the other major currencies as the global economic recovery is looking more sound with the stock markets rising and the business/consumer confidence going up worldwide. The drop of the U.S. currency’s rate against all other popular Forex currencies is going ahead of the monetary policy decisions that are scheduled for today by the Bank of England and the European Central Bank. The current growth the euro and the pound […]
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October 82009
EUR/USD Met Its Resistance Level
The euro went up against the U.S. dollar today on the Forex market but the latest trading results show that the EUR/USD pair has met its resistance point near 1.4800. The fundamental factors that affect the U.S. dollar look positive, as the macroeconomical statistics from United States is rather good today, while the ECB decision to leave the interest rate unchanged at 1% is quite neutral. EUR/USD is now […]
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October 82009
Forex Strategies Section
I’ve finally added a Forex strategies section to my site today. Currently it only lists only 9 strategies (very simple ones) — that isn’t a lot, but that list can help newbie traders to find their first strategy or to get a model for creating their own trading system. The presented strategies are basically divided into three categories according to their main principle of the entry conditions: strategies based […]
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