Blog – Page 281

May 15
2009

EUR/USD Trades in Red After European GDP, Mixed U.S. Fundamentals

EUR/USD was trading below its opening level for the whole day today as the poor GDP data was released in Europe, but managed to go up a little from the daily lows after the mixed fundamental statistics went out in United States. Its now trading near 1.3572. Consumer Price Index (CPI) in its seasonally adjusted form remained unchanged in April after declining by 0.1% in March. […]

May 14
2009

Jobless Claims and PPI Rise, EUR/USD Still Down

EUR/USD continued to fall today despite the increase of the producer price index in United States. The number of jobless also grew but thats actually a negative factor for the euro and good for the dollar. EUR/USD is now trading near 1.3560. Both up and down moves were detected during the trading session. PPI went up by 0.3% (seasonally adjusted) in April after by 1.2% in March. Traders […]

May 13
2009

EUR/USD Falls as Retail Sales Continue Their Drop

Euro fell today against the U.S. dollar as the retail sales unexpectedly continued to drop despite the increase of both import and export prices. Other global fundamental factors also pressed on the euro, helping the greenback to almost fully recover after a minor loss yesterday. EUR/USD is now trading near 1.3583 after reaching as high as 1.3721 earlier today — the highest level since March 23. Advance retail […]

May 13
2009

Win Hummer H3 with InstaForex

A new long-lasting promotion campaign was announced by InstaForex broker today. They now offer a brand new Hummer H3 SUV to the random winner of the drawing. Anyone who deposits (or in any other way increases the account balance, e.g. by profiting from trading) at least $1,000 and registers for a participation between June 1st 2009 and May 28th 2010 is eligible to win the prize. There are three types of prizes […]

May 12
2009

EUR/USD Fails to Break Through Resistance on Global Trade Decline

The dollar was losing strongly during the early trading session today but failed to fall past its support and euros resistance level located near 1.3720, as the U.S. reported decline in its global trade and traders shunned the high-yielding assets. EUR/USD is now trading near 1.3622. U.S. trade balance report for March showed an increase from $26.1 billion to $27.6 billion deficit today as the exports fell faster than the imports in U.S. The average forecasts […]

May 11
2009

Two New Categories Oil and Gold Trading Brokers

I added two new Forex broker categories to the site today — Forex brokers with gold trading and Forex brokers with oil trading. Recently Ive noticed that many traders seek opportunity to trade on something other than plain old currency pairs. Apart from being able to trade currencies they usually also want to have an opportunity to trade oil or gold from time to time when there […]

May 11
2009

Real Scalping Contest from InstaForex

InstaForex has announced that the «Real Scalper InstaForex» contest will be held every week on Friday (full Friday trading session). Its an extreme scalping contest that is performed on the real money accounts with $100 initial deposit and $1,500 prize fund. The rules are very simple — you register for the contest, fund the contest account with exactly $100.00 before Friday (server time) and trade […]

May 9
2009

Forex Technical Analysis for 05/11—05/15 Week

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2611 1.2788 1.3031 1.3208 1.3451 1.3629 1.3872 GBP/USD 1.4208 1.4361 1.4641 1.4794 1.5074 1.5227 1.5507 USD/JPY 92.66 94.14 96.62 98.10 100.58 102.06 104.54 EUR/JPY 118.52 121.44 126.48 129.40 134.44 137.36 142.40 Woodie’s Pivot Points Pair 2nd Sup […]

May 8
2009

EUR/USD Rallies to Monthly High after Nonfarm Payrolls

EUR/USD rose for a second day today and reached the highest value in more than a month after the U.S. employment declined at a less than expected rate. Traders felt more confidence in the high-yielding assets and turned to stock and euro buying, dumping the low-yielding greenback. EUR/USD is now trading near 1.3488. Nonfarm payrolls decreased by 539k in April instead of the expected 600k. In March […]

May 7
2009

EUR/USD Trades with High Volatility after ECB Rate Cut and U.S. Employment Report

EUR/USD rose immediately after ECB announced a rate cut today but then began to fall sharply before the reports on the U.S. employment sector were released. Now its trading near 1.3360 — above its daily open level at 1.3312. ECB decided to cut the interest rate by 0.25% today and now the Eurozones benchmark rate is at 1%. Initial jobless claims were at 601k last week — down […]