Blog – Page 291

January 24
2009

Forex Technical Analysis for 01/26—01/30 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.2075 1.2420 1.2696 1.3041 1.3317 1.3662 1.3938 GBP/USD 1.2447 1.2975 1.3387 1.3915 1.4327 1.4855 1.5267 USD/JPY 83.08 85.10 86.92 88.94 90.76 92.78 94.60 EUR/JPY 117.35 […]

January 23
2009

AL Trade Forex Broker Description

What I like about the unregulated Forex brokers (registered in the offshore zones) is that they aim on the non-U.S. and non-Canada traders, offering multilingual websites and user support service. AL Trade is one of such brokers. Like many of the similar on-line brokerage companies it provides MetaTrader 4 platform and the ability to deposit and withdraw funds via WebMoney. Although, Ive found this broker quite recently […]

January 22
2009

The Worse U.S. Economy Gets the Deeper EUR/USD Goes

Contrary to the common sense the EUR/USD declines when more bad news comes out from the U.S. — the worlds largest economy. Probably, the traders believe that if things are so bad in America, other countries will also get plundered by the recession. EUR/USD traded with almost no significant change during the first half of the trading session today, but now its down to near 1.2937 — […]

January 21
2009

Advanced Markets Another NFA Forex Broker

Advanced Markets — the new Forex broker added to my site today — doesnt possess many special features. Its NFA registered U.S. broker with mini-trading available and the minimum account size at $2,000. Advanced Markets is present on-line since 2006. The only methods to fund the trading account with them are wire transfer and checks — not very convenient, at least for me. The broker offers two […]

January 19
2009

ATG (Aaron Trading) — ECN Multi-Platform Broker

ATG — the latest addition to the list of the Forex brokers featured on my site — is a multi-platform broker that aims on the professional and even institutional traders. The professional accounts start from $50,000, while the minimum for institutional trading is $250,000. Such high funds requirements mean a really high level of services. As the ECN broker ATG provides liquidity from several interbank sources and also […]

January 18
2009

FX-PRO Forex Broker — Not to Be Confused with FxPro

The newest broker on my site today is FX-PRO — another Jordanian company with the Muslim-friendly trading conditions and the MetaTrader 4 Forex platform. You shouldnt confuse this broker with FxPro (former NorthFinance and WestCapFX). FX-PRO went on-line in 2002 and thus is much older than FxPro. But for my taste FxPro looks more reliable and comfortable Forex broker to trade with. Apart from the no-swap […]

January 17
2009

Forex Technical Analysis for 01/19—01/23 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 1.2605 1.2815 1.3041 1.3251 1.3477 1.3687 1.3913 GBP/USD 1.3786 1.4128 1.4430 1.4772 1.5074 1.5416 1.5718 USD/JPY 86.74 87.60 89.16 90.02 91.58 92.44 94.00 EUR/JPY 112.31 […]

January 16
2009

EUR/USD Up on Negative CPI, Industrial Production Drop

EUR/USD rose from its monthly low today — for the first time this week — after the U.S. reports on CPI and industrial production failed to meet the traders extremely pessimistic expectations. The better outcome for the U.S. economy means a better outcome for the global economy, which is good for such currencies as the euro. EUR/USD is currently trading near 1.3281. CPI […]

January 15
2009

EUR/USD Down Despite ECB Decision and U.S. Jobless Report

EUR/USD traded near its open price for the first half of the day today but after the ECB decision to cut the rate by only 50 basis points — from 2.5% to 2% and saying that its not going to go lower during the next meeting, the euro gained momentum and rose a little. Nevertheless after several fundamental reports went out in U.S. EUR/USD went down significantly […]

January 14
2009

EUR/USD Little Lower after High Intraday Volatility

The plethora of the macroeconomic statistics that was out in the U.S. today moved EUR/USD up and down with a great strength during the Forex trading session. Eventually, despite the bad reading in almost all reports, the dollar took the upper hand and is now leading in its rivalry against the euro. EUR/USD is currently trading near 1.3173. Import prices fell by 4.2% in December, […]