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Author: admin_mm
May 252007
Bad Houses Sales Cost Pips
Forex market was quite predictable today after the data on the Existing Home Sales for April came in 15:00 GMT. This macroeconomic indicator showed very poor results — 5.99 millions against 6.13 millions expected (and 6.15 millions in March). After these data came out EUR/USD gained nearly 50 pips (up to 1.3572) as the low activity in the realty industry can mean a general weakness in the U.S. economy. EUR/USD has […]
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May 232007
Euro Down to 1.3416, While Pound Regains Strength
EUR/USD touched new its new monthly low at 1.3416. That was a very important movement for Euro bears, but the currency pair bounced back up to high 1.3500 very soon and then flattened down to 1.3460 — showing its volatile nature. Nevertheless, mid-term trend for EUR/USD can be seen as bearish. At the same time GBP returned its positions today on Forex market after Bank of England spoke about […]
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May 212007
EUR/USD New Lows
Today EUR/USD hit new monthly minimum at 1.3436 since April 12. The most probable reason for this dollar “mini-rally” is the U.S. bonds auction which provoked a lot of USD buying on Forex. Such auctions usually stimulate a demand for the U.S. currency and this time it helps to break the bullish daily EUR/USD trend.
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May 212007
Additon to MT4 Expert Advisors
I’ve added a new expert advisor to MT4 Expert Advisors section of the site — new expert advisor. It’s my own EA based on FXOverEasy indicators, or more exactly — on their combo by Shimodax from StrategyBuilder forum. Actually this Forex expert advisor trades against FXOverEasy strategy, but it showed very good results on EUR/USD M15 chart. But be careful, it is quite risky, don’t trade the money […]
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May 202007
EUR/USD Technical Analysis for 5/215/25
General trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3303___1.3384___1.3446___1.3527__1.3589___1.3670___1.3732Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3379___1.3437___1.3522___1.3580__1.3665Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3429___1.3469___1.3482___1.3495__1.3521___1.3534___1.3547___1.3587 Tom DeMark’s pivot points:Resistance: 1.3558Support: 1.3415Fibonacci retracement levels:100% — 1.360861,8% — 1.355350,0% — 1.353738,2% — 1.352023,6% — 1.349900,0% — 1.3465
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May 202007
NorthFinance Adds New Currency Pairs
Northfinace Forex broker now allows trading a few more minor currency pairs: AUDDKK — Australian Dollar vs Danish Krone AUDPLN — Australian Dollar vs Polish Zloty CHFCAD — Swiss Franc vs Canadian Dollar EURHKD — Euro vs Hong Kong Dollar EURLVL — Euro vs Latvian Lats EURZAR — Euro vs South African Rand GBPDKK — Great Britan vs Danish Krone GBPNOK — Great Britan […]
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May 172007
Forex Broker with a Wrong Name :-)
A new broker was added to the institutional Forex brokers list today — ECN broker. It doesn’t match its name (at least for Forex services), because it is a market maker broker, not an Electronic Communication Network broker. You’ll still have to pay your spreads (it offers average spreads) and won’t need to pay any commissions. The main reason why I’ve added this broker is that it […]
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May 152007
CPI from US to Support Dollar?
Today the April U.S. CPI data cam out a bit higher than the market expected — 0.6% against 0.5%. A higher CPI data can mean a fast increase of the U.S. interest rate by the Fed, which in its turn gives USD a support to rally higher against other currencies. But all in all 0.1% difference can be not enough to significantly move the Forex market in any direction, so it’s better […]
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May 132007
Serious Take on the Market Behavior
Today I’ve added a e-book that describes the influence of the Forex traders’ behavior, beliefs and psychology on the Forex market itself. The results of the study which is performed in this book indicate that: About 30% of Forex traders use mostly technical analysis. Macroeconimic news is reacted very fast to. Importance of individual macroeconomic parameters varies over the time. Fundamental economic parameters generally have a long term influence on Forex […]
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May 122007
EUR/USD Technical Analysis for 5/145/18
General trend: slightly bearish or ranging.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3282___1.3372___1.3447___1.3537__1.3612___1.3702___1.3777Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3368___1.3441___1.3533___1.3606__1.3698Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3432___1.3478___1.3493___1.3508__1.3538___1.3553___1.3568___1.3614Tom DeMark’s pivot points:Resistance: 1.3574Support: 1.3409 Fibonacci retracement levels:100% — 1.362661,8% — 1.356350,0% — 1.354438,2% — 1.352423,6% — 1.350000,0% — 1.3461
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