Today EUR/USD was still as it was yesterday. As I said — this week will probably be flat until Friday at least (they tend to be quite unsettled, those Fridays). Independence Day in the United States of America is keeping the big U.S. Forex players out of the market, causing a lower volatility, especially on EUR/USD (while there some minor fluctuations on GBP/USD). It is quite clear that big holidays […]
Read moreToday EUR/USD retreated from its yesterday levels of 1.3630 down to 1.3600 level (with a failed try ground below 1.3600). Factory orders macroeconomic data for May came out better than expected but it still showed a decrease in this important indicator — manufacturers orders decreased by 0.5% (against 1.2% expected). But this data didn’t affect Forex at all — the major bearish bars were seen four […]
Read moreWelcome to the July 1, 2007 edition of Carnival of Forex trading. Jimmy Atkinson presents How Does Terrorism Affect Your Trading? posted at Forex Blog. George Courtney jr presents Go Global by Investing in Foreign Currencies posted at The Authentic Bartender Blog. Mark25 presents Forex Exchange Rate — How Does It Get Calculated? posted at HotStrategies.com. Ralph Morgan presents Enough Wealth: Adventures in Day Trading — 12 posted […]
Read moreToday Forex was a very unlucky place for U.S. dollar as the EUR/USD rallied to its two months high at 1.3630. Even good ISM index data (56% — a 1% rise — against 55% expected) couldn’t help U.S. currency after last week losses. It is almost certain now that EUR/USD has broken the down-trend and is now heading north. Probable point of strong resistance can be seen […]
Read moreA new addition to my Forex brokers section of the site — a list of WebMoney Forex brokers — those that offer WebMoney as the option to deposit or withdraw money to/from the trading accounts. Forex traders that prefer on-line payment systems, but don’t want to deal with e-gold or other browser-security system might like WebMoney e-currency system for its hi-end security and good level of service. Here is the list of all brokers that accept […]
Read moreOh, God! Fifth Forex broker with âMarketsâ in its name! And it doesnât offer any other market for trading except Forex. They got to love this word to insert it the brokerâs title. IFC Markets is good Forex broker if you want to start with a little money (deposits from just $1) and want to deposit it via e-gold or WebMoney. They offer their own trading […]
Read moreGeneral trend: ranging. Floor Pivot Points: 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.3332 1.3374 1.3458 1.3500 1.3584 1.3626 1.3710 Woodie’s Pivot Points: 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.3385 1.3479 1.3511 1.3605 1.3637 Camarilla Pivot Points: 4th Sup 3rd Sup 2nd Sup 1st Sup 1st […]
Read moreChoosing a right Forex broker is not an easy task, I’ve trade a lot of before I found several brokers that I can rely on. If your broker isn’t fast enough you can miss profitable opportunities, or even lose money due to slippage. David Thorpe’s articles is dedicated to this topic — how to chose a Forex broker that will satisfy your trader’s needs and won’t be to abusive […]
Read moreCMC Markets is an international Forex broker based in U.S. which offers its own advanced trading platform. This platform is somewhat similar to MetaTrader 4 in its main features, but is generally different software incompatible with Metatrader. To start trading with this hi-end software youâll have to deposit a minimum $2,000 with no e-currency support for deposit/withdrawal. Demo accounts are available, but are […]
Read moreFXcast Forex broker announced today that new accounts created on their Pro trading platform are now will have a basic currency USD. Existing accounts will stays as EUR accounts, but all newly created will be held in USD. All deposits are getting exchanged at the current daily rates.
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