Blog – Page 288

March 4
2009

EUR/USD Grows after 3 Days of Decline and Bad Macroeconomic Reports from U.S.

EUR/USD rose today for the first time in the last four days. All three important macroeconomic reports that were released today in the United States showed that the worlds biggest economy is still quite far from leaving the global financial crisis behind. EUR/USD is trading near 1.2606 now. ADP employment report for February showed a decrease by 679k jobs in that month, following 522k […]

March 3
2009

EUR/USD Fell on Growing U.S. Income and Spending

EUR/USD fell yesterday after the reports on the growing personal income and spending showed that the U.S. consumers may help the countrys economy to recover faster from the crisis. The declining construction spending failed to move the dollar down against the euro yesterday. The currency pair ended its trading at 1.2560 after opening at 1.2618. Personal income rose by 0.4% in January after contracting […]

March 1
2009

Forex Technical Analysis for 03/01—03/05 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2129 1.2366 1.2517 1.2754 1.2905 1.3142 1.3293 GBP/USD 1.3508 1.3808 1.4059 1.4359 1.4610 1.4910 1.5161 USD/JPY 88.02 90.38 93.98 96.34 99.94 102.30 105.90 EUR/JPY 112.75 […]

February 21
2009

Forex Technical Analysis for 02/23—02/27 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2233 1.2374 1.2600 1.2741 1.2967 1.3108 1.3334 GBP/USD 1.3795 1.3943 1.4187 1.4335 1.4579 1.4727 1.4971 USD/JPY 88.64 90.02 91.68 93.06 94.72 96.10 97.76 EUR/JPY 112.09 […]

February 20
2009

New Format Forex Broker Lists and Descriptions

Ive decided to update the Forex broker list on my site and ended up changing the whole system. With more than 110 brokers on the list, with the majority of them being MT4 and with support of CFD trading, the old category pages were loading for too long. Now the category lists are just the filtered versions of the classic Forex broker table (which is also sortable, […]

February 19
2009

EUR/USD Almost Snaps Previous Losses on Positive U.S. PPI

The euro and other major currencies were growing for the whole day against the U.S. dollar today. EUR/USD almost rose to its Tuesdays open level — the day when it fell by the most since February 4th. Currently EUR/USD is trading near 1.2684. PPI increased by 0.8% in United States in January. It was expected to rise by only 0.2% after falling down by 1.9% in December. It looks like […]

February 18
2009

EUR/USD Stagnates as Housing and Industrial Production Declines

EUR/USD remained almost unchanged today on the Forex market after a huge drop yesterday. The market was affected by some important macroeconomic news from the United States today and the currency pair reacted with some moderate spikes in both direction. Now its trading near 1.2568. Building permits in January fell to the annualized and seasonally adjusted level of 521k — down from 547k reported […]

February 17
2009

Bad Empire State Manufacturing Survey and Good TIC Flows Make Euro to Go Down

EUR/USD declined significantly today (fastest since February 4) as the the mixed macroeconomic statistics from U.S. urged investors to sell the euro and the move for the U.S. dollar. EUR/USD is currently trading at 1.2598 after opening at 1.2795 today. Empire State Manufacturing Survey report showed a decline of the general business conditions index from -22.2 to a new record low of -34.7. The market participants expected only a small […]

February 15
2009

When Will the Gold Bubble Burst?

The gold seems to be becoming the favorite investment around as the traders are afraid of the crisis and the fiat currencies seem to be in a great danger when all those anti-crisis measures will induct a massive wave of inflation, reducing the moneyâs buying power. In such an environment gold looks like a good investment to save oneâs assets and to multiply them if you trade with a considerable leverage. Forex traders may also decide to capitalize the expected upward gold trend as many […]

February 14
2009

Forex Technical Analysis for 02/16—02/20 Week

EUR/USD trend: hold. GBP/USD trend: buy. 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 1.2317 1.2518 1.2690 1.2891 1.3063 1.3264 1.3436 GBP/USD 1.3147 1.3641 1.3997 1.4491 1.4847 1.5341 1.5697 USD/JPY 87.48 88.58 90.21 91.31 92.94 94.04 95.67 EUR/JPY 110.31 […]