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Author: admin_mm
April 292008
Risk Management in Gambling and Forex
There are many similarities between the money management strategies in the gambling and the Forex trading. In fact there are too little differences between money management in any risk-based money making. Of course, that fact doesnt mean that Forex market is a casino and traders are gamblers, there are many other properties that define Forex from the gambling industry but thats another story. Ive uploaded a new ebook to the site today Money […]
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April 282008
Pound Rises against Euro, Dollar
The Great Britain pound continued its growth against the euro and the U.S. dollar today, even after the housing prices fell again and the chances fore more interest rate cuts by the Bank of England went up. After some bearish trend movements during the Asian Forex trading session, the pound gained to above the Fridays close rate against the other world currencies. Although, the bond rates grew up in the United Kingdom, the economic situation is now […]
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April 262008
Forex Technical Analysis for 04/28—05/02 Week
EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4986 1.5271 1.5450 1.5735 1.5914 1.6199 1.6378 GBP/USD 1.9331 1.9504 1.9679 1.9852 2.0027 2.0200 2.0375 USD/JPY 101.00 101.84 103.13 103.97 105.26 106.10 107.39 EUR/JPY 159.93 […]
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April 262008
Singapore Dollar Drops Large This Week
The Singapore currency had its worst week in a year on the Forex market, as it lost along with the other Asian currencies to the U.S. dollar, because the investors began to expect that the U.S. interest rate will unchanged rather than lowered next time. The U. S. dollar rose from its record low bottom against the euro this week and appreciated significantly […]
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April 252008
Broker Rating System Upgrade
Ive upgraded the Forex broker rating system to make it more cheat-proof and to make it show more relevant rating score for each broker. With previous system I had to deal with hundreds of fraudulent votes (both in favor of some brokers and to lower some brokers rating). Current system should be much better than the old one and I hope the rating will be more accurate now. Unfortunately, […]
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April 252008
Dollar Gains for 3rd Day on Fed Outlook
The U.S. dollar gained against the euro today on Forex market for a third day in a row, as the yesterdays U.S. fundamental data reassured traders that the Federal Reserve will keep the interest rate unchanged on its next week meeting. Dollar was also supported by its strong oversold position on the currency market. After reaching 1.6018 euro/dollar entered the the range where its rate […]
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April 242008
EUR/USD Falls Lowest since April 14
EUR/USD slid to its minimum value since April 14 today on Forex 1.5675, as the investors started to consider the U.S. currency to be oversold and the further interest rate cuts by the Federal Reserve unlikely. Fundamental data that was released today in U.S. was mostly disappointing, but that didnt help the euro to grow against the dollar. Initial jobless claims dropped 33k last week from […]
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April 242008
Indian Rupee Falls on Demand for Dollar
The Indian rupee declined today to its monthly minimum level on the Forex market as the domestic companies had to purchase more U.S. dollars to pay for the imports, including oil. It was the second bearish day for the rupee, which is under pressure from the widening current account deficit (which is a great problem for another Asian currency South Korean won). Imported goods […]
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April 232008
Aussie Rallies on Q1 CPI Data
The Australian dollar reached a fresh 24-year high against the U.S. dollar today as the consumer prices in Australia soared above the markets expectations in March and are now pressing on the central bank to go for the further interest rate hikes. March CPI was reported at 4.2% (annual rate) highest inflation rate in more than 4 years. The market analysts expected a 4.0% growth rate. On the […]
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April 222008
Dollar Sinks, EUR/USD Reaches 1.6011
Euro reached a new historical maximum against the U.S. dollar today after another European Central Bank official stated that the bank will be acting thoroughly in order to keep the consumer price inflation rate down. According to Christian Noyer, the ECB is not going to ease the monetary policy because of the strong inflation in Eurozone. And while some European countries vote for a weaker […]
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