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Author: admin_mm
January 262008
India May Cut Rate to Reduce Gap with U.S.
Palaniappan Chidambaram, the Finance Minister of India, said yesterday that the latest emergency rate cut by the Fed will probably influence the next interest rate decision by the Reserve Bank of India. The difference between the Indian and U.S. interest rates, even before the last Fed’s cut, has been adding to the demand for the […]
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January 252008
Yuan Continues Weekly Gains
With almost every day on Forex being bullish for the Chinese yuan, today it continued its appreciation against other major currencies and particularly against the U.S. dollar, which is now in a bearish trend after the latest Fed‘s rate cut. While U.S. government is trying to save its economy (and other world economies with it), […]
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January 242008
Euro Stronger after Business Climate Improves
Euro stood stronger against the U.S. dollar and the Japanese yen on Forex market after the Business Climate Index for January 2008 in Germany was released by the Ifo Institute for Economic Research today. EUR/USD climbed up 50 pips up from the today’s opening level, making it a third day in a row for euro […]
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January 242008
Euro Rises as Dollar Weak on Average Releases
Today EUR/USD again showed a good level of gains, recovering from the major drop that was seen on Monday. It’s already up by almost 0.8% and is looking strong. The reason for this behavior lies in the good Eurozone fundamental data and average data from U.S. today. Initial jobless claims report for the last week showed an insignificant drop by 1,000 compared to previous 302,000 (which has been revised up from […]
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January 242008
EUR/USD Close to 1.4 on Weak U.S. Fundamentals
EUR/USD rose today, advancing to the important psychological level at 1.4000, after the macroeconomic reports from U.S. failed to show something good for the dollar. The stock markets rose spurring confidence in the riskier assets, which is euro. EUR/USD is trading at 1.4001 now. Durable goods orders decreased by 1% in November after falling 8.4% in October (revised from 6.2%) — a 50/50 result considering a forecast drop of 3.1% for the […]
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January 232008
Float New Addition to MT4 Indicators
One of my site’s visitors asked me about the MetaTrader 4 indicator called “Float“. So I’ve decided to find this one and add it to the MT4 indicators list I maintain. Now everyone can download this interesting indicator and try to use it in Forex trading. It is designed to detect big trend changes and the current trend ‘exhaustion level’. As the bonus it also shows the Fibonacci levels on the main chart window […]
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January 232008
Aussie Gains of Fed Rate Cut
The Australian dollar gained yesterday after the Federal Reserve announced an emergency rate cut from 4.25% to 3.50%. It also continued to gain today through the most of the Asian trading session, but has already went down past the daily opening price. The main idea behind the Aussie’s (AUD) growth is in the expectations by the majority of traders to see the Reserve Bank of Australia increasing the main interest rate during the February 5 meeting. […]
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January 222008
U.S. Fed Reserve Cuts Interest Rate 0.75 in Emergency
Today, the Federal Reserve System decreased the national benchmark interest rate by 0.75% â from 4.25% down to 3.50%. This was an emergent move to stimulate the financial liquidity amidst the tumbling stock markets. It was the first such move since the aftermath of 9/11, when global markets reacted with a similarly sharp decline. But the current bearish market can be expected to be more lasting and powerful than the last […]
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January 222008
LiteForex Adds e-Bullion and Liberty Reserve
A good news from the LiteForex broker. Yesterday they announced that they are adding e-Bullion and Liberty Reserve on-line payment systems as the options to deposit funds into the Forex trading accounts. Although these systems are less popular than WebMoney or e-gold, which are already supported by LiteForex broker, it is a good addition for a Forex broker as it adds comfort to the traders’ necessary routines of accounting. Unfortunately it […]
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January 212008
Mathematics of Money Management Forex E-Book
Now you can freely download another money management in trading related Forex book from my site â Mathematics of Money Management: Risk Analysis Techniques for Traders. It is written by Ralph Vince, the author of many books about the use of math in trading. Although this e-book is quite heavy on mathematics (calculus and statistics) it’s intended for the general readers â both for those that are fluent in numbers and those […]
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