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- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Author: admin_mm
March 242008
Indian Rupee Appreciates on Market Revival
The Indian rupee rose significantly today on Forex as the markets were restoring from the recent sharp fall and the economies of the developing countries started to receive more capital inflows. The Indian currency gained more than 1% after reaching its half-year bottom rate against the U.S. dollar on March 17. U.S. Federal Reserve lowered the interest rate last week and ruled […]
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March 232008
GFS Forex & Futures New Broker on My Site
A new Forex broker was added to the list of PayPal Forex brokers on my site today GFS Forex & Futures. Apart from having the long name and accepting PayPal as one of the funds transferring methods this broker can boast being a registered member of NFA and CFTC. GFS Forex & Futures offers a custom Forex trading platform OperaFX Pro. To start trading with them […]
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March 222008
Forex Technical Analysis for 03/24—03/28 Week
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 1.4742 1.5069 1.5250 1.5577 1.5758 1.6085 1.6266 GBP/USD 1.9074 1.9405 1.9610 1.9941 2.0146 2.0477 2.0682 USD/JPY 92.00 93.86 96.72 98.58 101.44 103.30 106.16 EUR/JPY 145.92 […]
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March 212008
FX Wizard Forex Trading Book of Rules
A new addition to my strategy Forex e-books collection arrived today and now can be downloaded by everyone its FX Wizard by Rob Walton. This e-book is about almost everything that is connected to the successful Forex trading basic money management, discipline, the overall systematic behavior of the trader and, of course, the trading system development. Its intended for the experienced Forex traders that know the basics and are […]
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March 212008
Chilean Peso Falls on Lower Copper Price
Chilean peso fell from its recent record high value against the U.S. dollar yesterday as the copper price slid down significantly on the global concerns of thedecveloped economies slowdown. Although the Chinese economy, one of the biggest copper importer, is still showing a significant growth, the concerns that it will slow down due the global financial crisis are bothering commodity traders. Copper is the […]
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March 202008
Dollar Reverses Previous Losses
EUR/USD reversed almost fully its previous weekly earnings today. It fell from 1.5642 to 1.5419 thats more than 1.4% in a single day. The euro, being fundamentally overbought, was doomed to a correction. But such a fast drop can mean something more than a short-term correction wave. Though the fundamental data that came out today in U.S. wasnt very good for dollar. Initial jobless claims last week […]
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March 202008
Inflation Pushes Yuan to Highest Rate
The Chinese yuan rose to the highest rate against the U.S. dollar since the end of the yuans peg to dollar in 2005 as the government is believed to start fighting the domestic inflation rate more devotedly. Yuan has already gained more than 3.4% since the beginning of the year, and, according to the yesterdays report by the Peoples Bank of China, the dollar is expected to depreciate further during the first […]
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March 192008
6 Digit Forex Quotes and MetaTrader Expert Advisors
Many Forex brokers have started to offer 6 digit Forex quotes to via the MetaTrader 4 terminal recently. It has a lot of benefits for the scalping traders and opens up many new trading possibilities for others. But there seems to be a problem with almost all expert advisors that are applied to the MetaTrader 4 platform, which uses 6 digit Forex quotes instead of the more conventional 5 digit format. […]
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March 192008
Was It the Last Rate Cut in Cycle?
Yesterday the Federal Reserve lowered the benchmark interest rate from 3.00% to 2.25% to help the banking institutions during the times of global financial turmoil, but will the investors expectations for the further cuts be satisfied? The markets reacted very positively on the interest rate cut yesterday with a record breaking 4.2% growth on S&P 500 Index. Even the U.S. dollar, which usually suffers […]
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March 182008
EUR/USD Unchanged on Mixed Fundamentals
EUR/USD remained mainly unchanged after todays releases of the macroeconomic statistics in U.S. The overall trading day was bullish for the currency pair it rose from 1.5715 to 1.5783, but it failed to set a new record high level today. The yesterdays high value at 1.5902 remains the highest rate that EUR/USD ever reached on Forex. Building permits in February fell down from 1,061k to 978k, while only a mild drawdown […]
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