Blog – Page 289

February 13
2009

Gallant FX — U.S. MetaTrader Forex Broker with Free VPS Hosting

Gallant FX is U.S. Forex broker, which is registered with the National Futures Association and operates on-line since 2006. Although for the first two years they were just an introducing broker for the other companies, since 2008 Gallant FX offers their own Forex trading services. They offer MetaTrader 4 platform and provide a free Forex VPS service for their customers, allowing them to host […]

February 12
2009

EUR/USD Declines for Third Day on Better than Expected Retail Sales

EUR/USD is currently showing a third daily decline and the second-largest daily drop since February 4 on the Forex market today as some macroeconomic reports in U.S. showed that the worlds largest economy isnt that bad yet. EUR/USD is now trading near 1.2810. Initial jobless claims were down from 631k (revised from 626k) to 623k last week, while economic strategists predicted 610k claims. Retail sales […]

February 11
2009

Trade Balance Deficit Shrinks, Budget Deficit Grows, Dollar Strengthens

EUR/USD fell today despite the not-so-good fundamental reports from the U.S. that were released today. The trade balance deficit wasnt as good as the traders have expected, while the Treasury budget deficit grew significantly. And only oil reserves growth was a really positive signal for the dollar bulls. EUR/USD is now trading near 1.2881. U.S. trade balance deficit was at $39.9 billion in December — down from $41.6 billion in November but below the quite […]

February 10
2009

NTWO Capital Markets Yet Another Unregulated MetaTrader Broker

NTWO is a MetaTrader Forex and CFD broker with the offices in U.S. and United Arab Emirates (according to their website), but they are not registered with NFA or CFTC. Their site is active on-line since 2005. NTWO offers standard trading accounts from $2,000 and 1 lot minimum positions with the leverage varying from 1:25 to 1:200. The spread on EUR/USD is 3 pips. Apart from the common […]

February 10
2009

Taurus Global Markets — Bahamian Forex and CFD Broker

Taurus Global Markets is the latest Forex broker addition to the list on my site. Its a rather new MetaTrader broker that is present on-line since 2007. Like many other MetaTrader brokers its not regulated by any serious financial authorities and is registered in the offshore zone — Bahamas in this case. The lack of regulation can be seen as a serious disadvantages by some traders but others prefer such brokers because of some […]

February 8
2009

WSD — New Zealand MT4 Forex Broker

WSD (or WSD Global Markets) is the on-line Forex broker based in New Zealand. WSD offers Forex, CFD, futures, options and oil trading services on-line since 2006. It features the MetaTrader 4 trading platform for all types of trading. To start trading with this broker youll have to open an account with at least $1,000 and send the signed documents via the postal mail during the process. […]

February 7
2009

Forex Technical Analysis for 02/09—02/13 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.2449 1.2578 1.2758 1.2887 1.3067 1.3196 1.3376 GBP/USD 1.3486 1.3769 1.4277 1.4560 1.5068 1.5351 1.5859 USD/JPY 85.91 87.25 89.56 90.90 93.21 94.55 96.86 EUR/JPY 112.92 […]

February 6
2009

EUR/USD Rallies after Nonfarm Payrolls Report

EUR/USD currency pair posted an unexpected growth today as the U.S. economy reported an even faster decline in the nonfarm jobs and the unemployment rate exceeded the pessimistic forecasts. EUR/USD is now trading near 1.2941. Nonfarm payrolls fell by 598k in January after falling by 577k in December (revised down from the decline by 524k). The decline in the nonfarm payrolls was expected to be near 540k. The […]

February 5
2009

Dollar Trades Almost Without Change against Euro

Despite the large drops in the employment and the factory orders in the United States, the U.S. dollar stood still against the euro today. Although, there were medium intraday spikes in both directions, the EUR/USD is currently trading close to its opening level — near 1.2856. Initial jobless claims were at 626k last week — up from 591k a week earlier and above the consensus […]

February 4
2009

EUR/USD Declines on Some Mixed News from U.S.

EUR/USD fell today as some bad and some good news regarding the state of the economy were released in the United States. EUR/USD is currently trading near 1.2888 after reaching as low as 1.2812 earlier today. ADP Employment report showed that the private nonfarm employment declined by 522k job places in January, following a decline by 659k in December (revised upwardly from 693k decline). The market analysts expected […]