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Author: admin_mm
February 272008
MT4 Brokers Accused in Being Scam?
It started eleven days ago on the ForexFactory forum, but Ive read it first about a week ago on a TalkGold forums thread titled “Mt4 Brokers Are All Scam Brokers By Definition”. Of course, Ive got interested in this topic because Ive been trading on MetaTrader brokers accounts for almost two years and I have never thought of them being a scam by definition”. That made me read both of the threads thoroughly. Here is the main […]
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February 272008
Euro above 1.5 vs. Dollar
The U.S. dollar fell below its absolute record low level against the European currency today. If the day closes above $1.5 per euro, it will be a signal for a definite return of dollar to its bearish trend of the 2007. EUR/USD broke through the major 1.5000 resistance at the beginning of the Asian trading session today, but then the currency pair retraced back below the 1.5000 mark […]
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February 262008
Consumer Confidence in U.S. Sinks Dollar
Today dollar continued its bearish trend against euro and pound, sliding down significantly after the consumer confidence release. Both EUR/USD and GBP/USD were going for correction after the better than expected PPI report, but started to return to their earlier positions in shortly after the Conference Boards release. Producer Price Index (PPI) gained 1.0% in February a significant value for a one […]
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February 262008
Rupee Grows for Second Day
Indian rupee continued to advance in value during todays Forex trading session as the investors bought local currency to participate in the Indian stock markets rally. The Asian financial markets continued to grow today attracting more traders and spurring the growth of the regional currencies. Rupee also benefits from the tightening monetary policy in U.S. combined with the high interest rates on Indian government bonds. This […]
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February 252008
Kiwi and Aussie Rise on Demand for High-Yielders
New Zealand dollar reached the two months high level against the Japanese yen and almost broke the more than 6 months record high level against the U.S. dollar today. Aussie also showed a similar dynamic of growth it came close to the 2 months old records against yen and reached its highest value against the U.S. dollar since November 2007. Despite […]
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February 232008
Forex Technical Analysis for 02/25—02/29 Week
EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4421 1.4515 1.4673 1.4767 1.4925 1.5019 1.5177 GBP/USD 1.9104 1.9233 1.9450 1.9579 1.9796 1.9925 2.0142 USD/JPY 104.84 105.78 106.47 107.41 108.10 109.04 109.73 EUR/JPY 156.02 […]
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February 222008
Appreciation of Yuan Keeps CPI Down
The Peoples Bank of China released a monetary policy report for the fourth quarter of 2007 today. In this report, Chinese monetary authorities noted that the yuans appreciation really helps in fighting the national inflation. Consumer prices index grew significantly last year, breaking a decade old records on inflation. Although, strong yuan helped to keep inflation from accelerating, CPI was still at a high level by the end of 2007 and […]
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February 222008
Citigroup Launches Retail Forex Broker
Citigroup introduced a new retail Forex broker this year CitiFX. I uploaded the information related to this broker on my site today. CitiFX uses the trading platform made by Saxo Bank. There are no mini Forex accounts available and the minimum deposit is also very high $10,000. Leverage is lower than in majority of other broker 1:50 and 1:25 on some pairs. Demo accounts are available for free. This […]
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February 212008
CAD Grows for Second Day
The Canadian dollar continued to grow today after rising from the one month bottom in which it has been until yesterday. Oil rose to the record high levels above $100 per barrel recently adding interest to one of the largest oil-exporting economies. Earlier the Canadian dollar experienced a long bearish trend spurred by the recession fears in U.S. and a possible slowdown of the global economy growth, which could have pulled Canadian commodities-exporting economy down. […]
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February 212008
Philadephia Fed Index Signal Worsening, Dollar Falls Sharply
EUR/USD gained more than 100 pips today on the bad macroeconomic data coming out in U.S. This currency pair went up from 1.4714 at the opening of the Asian trading session to 1.4816 at the end of the New York session. GBP/USD also grew very fast today from 1.9420 to 1.9622. The major trend movement against the European currency happened after the release of the Philadelphia Feds business activity index, […]
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