Blog – Page 287

March 18
2009

EUR/USD Shoots Up as Fed Will Have to Print Money

EUR/USD posted one of its biggest daily gains in history today as the FOMCs press release stated that the Federal Reserve will have to buy the long-term U. S. Treasury securities worth of $300 billion and it means that the money will be printed. The perspective of the increased amount of dollars pushed dollar down on Forex and it lost more than 3% today. EUR/USD is currently trading near 1.3441. Consumer Price […]

March 17
2009

EUR/USD Declines for the First Day in 6 after Housing Improves in U.S.

EUR/USD unexpectedly declined for the first day in six after the housing report that was released in U.S. today showed that the American economy will probably be one of the first to recover from the crisis. The euro declined against the dollar in spite of the PPI report that disappointed the USD bulls. EUR/USD is now trading near 1.2954. Building permits were at a seasonally […]

March 16
2009

EUR/USD Grows on Declining Demand for U.S. Treasuries

EUR/USD went up today for a fifth day in a row after a strong weekly negative gap. The fundamental statistics that was released in U.S. today was extremely negative both for dollar and the global economy. EUR/USD now trades near 1.3003 after reaching as high as 1.3070 today. NY Empire State manufacturing index fell to a new record low this March and is now at -38.2, below the Februarys -34.65 and the […]

March 15
2009

VPS Hosting that Helps the Forex Traders

Ive already written about VPS hosting and how it can help the Forex traders. Now Ive added a separate section on the site that is dedicated solely to the VPS hosting from the view of the average trader. Youll find the detailed descriptions of various VPS providers, you will be able to compare their prices, features and limitations, read the reviews by other traders, write your own reviews […]

March 14
2009

Forex Technical Analysis for 03/16—03/20 Week

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2267 1.2411 1.2669 1.2813 1.3071 1.3215 1.3473 GBP/USD 1.3184 1.3418 1.3711 1.3945 1.4238 1.4472 1.4765 USD/JPY 92.48 94.06 96.01 97.59 99.54 101.12 103.07 EUR/JPY 117.74 […]

March 13
2009

January Trade Balance Report Doesn’t Help Dollar vs. Euro

EUR/USD continued to grow for the fourth day today despite the better than expected U.S. trade balance deficit and the negative export/import price changes. EUR/USD is now trading near 1.2907 after reaching as high as 1.2956 earlier — the highest level since February 23. Export prices fell by 0.1% in February in U.S. after increasing by 0.5% a month before. Average import prices went down by 0.2% last month […]

March 12
2009

Euro is Correcting against Dollar as Fundamentals Show Recession

EUR/USD stopped growing today and the dollar gained slightly against the euro for the first time in three days after the fundamental reports from the United States showed that the worlds biggest economy is still in recession. Currently EUR/USD is trading near 1.2767 after reaching as low as 1.2731 today. Initial jobless claims were at 654k last week — up from 645k reported for a previous week (revised […]

March 11
2009

EUR/USD Advances Extremely Fast, Ignores Reports

EUR/USD went up for a second day today and the gain is currently the biggest one since the early February. The todays reports, that were quite neutral, havent had any important impact on the actual trading. EUR/USD is trading near 1.2815 currently. Crude oil inventories advanced by 0.7 million barrels last week after decreasing by the same amount a week before. U.S. treasury budget deficit was at $192.8 billion in February — worse than $175.6 billion deficit reported in February 2008.Analysts […]

March 7
2009

Forex Technical Analysis for 03/08—03/12 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2191 1.2324 1.2488 1.2621 1.2785 1.2918 1.3082 GBP/USD 1.3583 1.3769 1.3931 1.4117 1.4279 1.4465 1.4627 USD/JPY 93.54 95.06 96.64 98.16 99.74 101.26 102.84 EUR/JPY 118.07 […]

March 5
2009

EUR/USD Down After ECB Slashes Rate and Mixed Reports Come out in U.S.

Euro traded below its opening level against the U.S. dollar today as the fundamental reports in the United States were bad enough to raise the risk-aversion, but not bad enough to press on the greenback. In addition, the European Central Bank cut the interest rate from 2% to 1.5%, signaling that the further reductions are still possible. EUR/USD is now trading at 1.2536. Nonfarm business […]