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Author: admin_mm
April 152008
Dollar Grows Somewhat on Improved Manufacturing Outlook
The EUR/USD currency pair post some small drop today on Forex as the fundamental situation in U.S. economy looked better in April for the manufacturing sector. All of the reports that were released today in U.S. showed a positive dynamics for the dollar, helping it to go up against euro, pound and yen. EUR/USD is currently trading at 1.5784. Producer Price Index in March grew at an unexpected pace 1.1% […]
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April 152008
EUR/GBP Reaches New Absolute Maximum
Great Britain pound fell down to a new absolute minimum level against the euro today as the fresh economic data from U.K. signaled that the output growth will probably slow down significantly. The survey by the Royal Institution of Chartered Surveyors showed that more than at any time since 1978 (the year when they started to collect this data) of its members are reporting […]
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April 142008
Dollar Gets a Blow after Good Start
After a weird 100 pips gap at todays Forex trading opening on EUR/USD pair, the U.S. dollar went sharply down. Its now forcing to stay at as little as 50 pips below the absolute maximum as the Forex traders fail to conclude a definite opinion on how to react on the fundamental statistics that came out today in U.S. Advance retail sales in March rose 0.2% compared to 0.1% forecast and 0.6% fall in February. Business […]
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April 142008
Dollar Retreats from Opening Gap Gain
The U.S. dollar has retreated from its impressive gain on this week opening on the Forex market and is now trading inside its usual recent daily bearish trend against the euro and the Japanese yen. The G7 meetings officials noted the global situation with currency rates volatility and the necessity of the actions against the fast depreciation of some currencies and the […]
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April 132008
EUR/USD Trade Idea for the Next Week
The current situation on the EUR/USD daily chart seems like a good preparation for the long position. If you look at the picture below youll see three highs almost at the same level 1.5902 on March 17, 1.5896 on March 31 and 1.5913 on April 10. The corresponding lows of these highs conclude an uptrend. Altogether they form an ascending triangle, which is the known continuation pattern: Somewhere next week I expect the upper horizontal […]
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April 122008
Forex Technical Analysis for 04/14—04/18 Week
EUR/USD trend: buy. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5368 1.5498 1.5652 1.5782 1.5936 1.6066 1.6220 GBP/USD 1.9274 1.9462 1.9575 1.9763 1.9876 2.0064 2.0177 USD/JPY 96.91 98.46 99.74 101.29 102.57 104.12 105.40 EUR/JPY 155.48 […]
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April 122008
Bugfix and New Currency Pairs in Pip Value and Position Size Calculators
Ive fixed some javascript related bugs in both pip value and position size calculators. Those bugs prevented newer versions of non-IE browser from actually calculating any results. Ive also added new currencies and currency pairs to those calculators. Now they can handle 65 currency pairs. Here is the list of the currency pairs that were added today: AUD/DKK (Australian Dollar Danish Krone) AUD/PLN […]
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April 122008
Dollar to Stop Falling after G7 Signals?
The U.S. dollar may probably slow down in its currently strong bearish trend against the other world currencies after the G7 meeting participants expressed their concern about the Forex market fluctuations. The housing and financial crisis in U.S., which is observed since Summer 2007, made traders believe that the worlds largest economy is heading into recession. The dollar cumulative index (DXY, […]
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April 112008
MetaTrader Indicators Update
Two new MetaTrader indicators are now available for download from my site. Both indicators come from forex-tsd.com forums. They are very different, but they both looked quite interesting and useful to me. Murrey Math Line X indicates a set of support and resistance lines that can be used similarly to the common pivot points. It consists of 8 different lines, each representing a certain pivot […]
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April 112008
Chile to Buy U.S. Dollars to Weaken Peso
The Central Bank of Chile will be buying the U.S. dollars in 2008 in order to stimulate the economy by the weaker national currency. This year, starting April 14 Chiles central bank will be buying $50 million every day on the Forex market to increase the overal countrys currency reserves from current $18 billion to $26 billion. This step is rather controversial as the weakening of the peso will spur the consumer prices, while the […]
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