- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Author: admin_mm
December 102007
Forex E-Books: Two New Pieces
Two new Forex e-books were uploaded to my site today, again, they are more articles than books, but I think that they fit better in Forex books section rather than articles, because they are finely formatted into the Word documents (EDIT: I’ve converted them to PDF as a more conventional format) and are more complex than other articles. These e-books both come from Mr. […]
Read more
December 82007
Forex Technical Analysis for 12/1012/14 Week
EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: buy.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4286 1.4405 1.4531 1.4650 1.4776 1.4895 1.5021 GBP/USD 1.9598 1.9889 2.0096 2.0387 2.0594 2.0885 2.1092 USD/JPY 108.01 108.78 110.23 111.00 112.45 113.22 114.67 EUR/JPY 158.77 159.83 161.76 162.82 […]
Read more
December 82007
South Africa Lowers Foreign Purchases
South African Reserve Bank decreased its foreign currency purchases volume almost by a half after the national currency felt significantly against the U.S. dollar in November. Depreciated rand kept country’s central bank from increasing their Forex reserves at the previous pace. On November 27 USD/ZAR crawled up to the highest value since September 21, showing that recent South African Reserve Bank measures to hold the rand’s fast […]
Read more
December 72007
Australian Dollar Gained on Lower Risks
Australian dollar gained against other currencies — about 1% against U.S. dollar and more than 1.1% against Japanese yen, yesterday after U.S. President George W. Bush stated that government will act to prevent the further damage from the mortgage financing crisis and to help those already hurt by the crisis consequences. AUD is currently experiencing downtrend which started in the mid October, when the subprime lending crisis […]
Read more
December 72007
EUR/USD Unconcerned with U.S. Employment Data
EUR/USD was mainly ranging today as the markets were undecided whether it is going bullish or bearish expecting the release by U.S. BLS on the November employment situation. After quite optimistic release came out dollar bulls took their ride for a while, but then euro bulls started to push EUR/USD back up keeping it slightly above the average daily range. Nonfarm payrolls — the main indicator of the U.S. employment […]
Read more
December 62007
ECB Holds Rate, Trichet Predicts Hike
European Central Bank published its scheduled Monetary policy decisions today, leaving the main refinancing operations interest rate at 4.00%. Jean-Claude Trichet, Central Bank President, commented this decision saying that ECB is ready to fight the pressure of the rising inflation. EUR/USD jumped back almost 1% after being generally bearish this week. Accelerating inflation, which reached its yearly highs last month, makes […]
Read more
December 62007
Bank of England Cut Rate by 0.25
The Bank of Englandâs Monetary Policy Committee today decided to reduce the official interest rate paid on commercial bank reserves by 0.25% from 5.75% to 5.5%. The decision was driven mainly by the slowdown in the economical output and moderating consumers’ spendings. Other problems noted by the Committee, which are “posing downside risks to the outlook for both output and inflation further ahead”, relate to the financial sector affected by the mortgage banking crisis. As the inflation rate for October was […]
Read more
December 62007
Offset Trading Strategy E-Book
Another Forex strategy e-book can now be downloaded from my site, it is Offset Trading by Dana Martin. This e-book isn’t very bright, but describes one of the most potentially profitable Forex trading strategy — range breakout trading on news releases. After 2–3 pages of actually describing the strategy it becomes a some sort of advertisement for MB Trading broker and their trading platform. But I can assure […]
Read more
December 62007
New Zealand Dollar Rises on Unchanged Rate
New Zealand dollar rose against all other major currencies after the Reserve Bank of New Zealand left the Official Cash Rate (OCR) — short-term lending interest rate — unchanged at 8.25%. And as it was hinted by Bank Governor Alan Bollard the rate is not likely to be lowered until 2009. Alan Bollard marked labor market problems and the slowdown in housing sector as the main obstacles for the economical growth increasing: Economic […]
Read more
December 52007
Great Britain Pound Falls on Rate Cut Expectation
Great Britain pound reached its two month minimum value against U.S. dollar today under the pressure of an interest rate cut during tomorrow Bank of England rates decision. GBP/USD touched 2.0353 level — the lowest since October 23. Chartered Institute of Purchasing and Supply released its PMI data today showing a decrease to 51.9 in November from 53.1 in October, while analysts expected almost the same number in November — […]
Read more