EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509 GBP/USD 1.9307 1.9533 1.9739 1.9965 2.0171 2.0397 2.0603 USD/JPY 95.62 97.09 98.11 99.58 100.60 102.07 103.09 EUR/JPY 148.49 […]
Read moreThe U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947. Personal income rose 0.5% in February â above the forecasted and the previous monthâs 0.3% growth. Personal income […]
Read moreThe South Korean currency is heading for more losses as the government is searching for ways to support the exporting companies and the economic growth. The won is the second weakest major currency after the South African rand since the beginning of 2008 and is the first losing currency for March. According to Citigroups analysis the Korean finance ministry will win with the Bank of Korea […]
Read moreThe U.S. dollar is trading higher than its yesterdays close level now as the investors are waiting for the fourth quarter GDP data to be released today. The final value of the fourth quarter 2007 U.S. gross domestic product and the weekly initial jobless claims number will be released today and can significantly change the dollars trend on Forex. If the GDP value is released below 0.6% […]
Read moreEUR/USD turned to a mainly bearish trend after the GDP and unemployment statistics were released in U.S. today at 8:30 EST. Dollar went up from 1.5845 to 1.5750 dollars per euro. The gross domestic product in the fourth quarter of 2007 gained 0.6% as was forecasted by the major market analysts and the previous GDP report. While the value is definitely low, its still above zero and it also held stable against […]
Read moreThe commentary on the current account deficit in United Kingdom pulled the Great Britain pound down today, as it added one more reason for the British currency to be less favored by the Forex trading institutions. The Bank of Englands executive director and chief economist, Charlie Bean, spoke before the Treasury Select Committee today, saying that the size of the current account gap is likely to keep […]
Read moreEUR/USD gained more than 100 pips today as it continued to grow on Forex before and after the fundamental news releases in U.S. Some of those releases were rather neutral, while one was particularly bad. Although EUR/USD descended from its historical maximums it is now starting to return to the bullish trend. Durable goods orders in February dropped 1.7%, while a growth of about 0.8% was expected. It followed the […]
Read moreTodays update to the MetaTrader expert advisors on my site isnt very original. For many people MACD Sample expert advisor was the first EA that they tried on the MT4 strategy tester. Its a well known sample advisor from MetaQuotes, designed to show the basic Forex strategy implementation for the MQL. The one that is now freely available on my site differs slightly from the original version. Ive decided to make […]
Read moreBoth Australian and New Zealand dollar continued to rise today after the yesterdays fast growth as the investors remained confident in the stock markets improvement and in the carry trade. The most notable losers against the Aussie and Kiwi for today are the Japanese yen and the U.S. dollar. Both currencies have the significantly lower interest rates associated with them […]
Read moreThe Japanese yen declined today from its recent high values against the U.S. dollar, pound and euro as the global stock markets gained and the high-yielding assets looked more attractive than on the last week. The yen was joined by another low-risk currency the Swiss franc. They both started this week with a decline against the more risky currencies after Fed spurred investors activity in U.S, Europe and Asia. Good news […]
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