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- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Author: admin_mm
November 242007
Rupee Low After Intervention
Indian currency ended at its lowest rate against U.S. dollar on Friday, being on its weakest since October 23. USD/INR closed on 39.71 level yesterday, after international investors and global corporations were moving out their funds out of Indian currency. Concerned with global volatility and elevated risks in emerging economies, traders sold rupee for dollar […]
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November 242007
Forex Technical Analysis for 11/2611/30 Week
EUR/USD trend: hold.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 1.4303 1.4462 1.4649 1.4808 1.4995 1.5154 1.5341 GBP/USD 2.0151 2.0301 2.0463 2.0613 2.0775 2.0925 2.1087 USD/JPY 103.35 105.45 106.88 108.98 110.41 112.51 113.94 EUR/JPY 155.06 157.26 158.99 161.19 […]
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November 232007
Oman Has No Plans to End Peg to Dollar
Hamud Bin Sangur al-Zadjali, the Central Bank of Oman Governor, spoke during European Banking Congress in Frankfurt today, speaking that Oman has no plans to end its peg to U.S. dollar. While some GCC countries already ended peg to dollar (Kuwait in May, 2007) and some countries planning to do so by the end of […]
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November 232007
Canada’s Finance Minister Satisfied with Lower CAD
Jim Flaherty, Canadian Minister of Finance, said today that he is glad to see Canadian dollar losing against U.S. dollar on Forex, after there were almost three month of unstoppable appreciation of the Canada’s currency. As the rallying Canadian dollar’s appreciation hurts exporters, Canada’s economy could be at the risk, giving government another concern to worry about. Minister spoke at the Oshawa Chamber of Commerce at the meeting entitled “Moving Canada […]
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November 232007
ActiveTrades Multipurpose Forex Broker
ActiveTrades is my new addition to the Forex brokers list. It is quite an old on-line British broker, which allows not only Forex trading (via MT4 platform), but also stocks CFD trading and the access to the world exchanges: CME, CBOT, NYMEX, COMEX, LIFFE, EUREX, IDEM, NYSE and NASDAQ via futures trading. ActiveTrades also supports many different trading platforms: MetaTrader 4, J Trader, Ninja […]
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November 232007
EUR/USD Spikes To New Maximum
Dollar slid to its new historical bottom rate against euro hitting 1.4967 on EUR/USD. Missing the marvelous 1.5000 pint by about 30 pips, EUR/USD retraced by 150 points back as the Forex traders consolidated their profits on the rally. Another week without any supporting for dollar may probably break this resistance. As it seems the […]
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November 222007
Learning Flawless Execution of a Trading System
A new trader’s psychology related e-book for you to read: e-book by Mark Douglas It’s more like an article — just 4 pages long, but it contains a useful information for all Forex traders that have problems in applying a trading strategy. Sometimes, it seems that you know better than your strategy and you correct its actions. Mark describes why such approach is completely wrong and tells […]
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November 222007
Canadian Dollar Dips On Bada Statistics
Yesterday Canadian dollar reached its monthly minimum levels after the macroeconomic statistics were released by Canada’s National Statistics Agency. September 2007 retails sales fell by 0.2 percents compared to previous month. USD/CAD traded at 0.9923 on Forex as the data was released. Given such a pessimistic background for the next Bank of Canada meeting, which will be held on 4 December, overnight interest rates might be cut by 25 […]
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November 212007
U.K. Monetary Policy Committee Minutes Released
Minutes of the last (7 and 8 November) Bank of England Monetary Policy Committee were released today, showing the vision for the U.K. economy by the committee members. As the interest rates decision was known by the traders already — BoE left rates unchanged at 5.75%, the major interest was drawn to the exact voting details. Seven committee members voted for the rates to remain as they were, while two other members — David Blanchflower (who voted for the rates […]
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November 212007
Pessimistic Indicators from U.S.
U.S. dollar looks unsure whether to fall or to rise on the Forex market after some important macroeconomic indicators were released today. One of the most important data came out from the University of Michigan and Reuters — Michigan Sentiments Index, which represents consumer confidence. Consumer confidence is important, because it will determine future consumer spendings that in their turn fuel the U.S. economy growth. Michigan Sentiments Index […]
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