Blog – Page 292

January 13
2009

EUR/USD Falls for 3rd Day After Budget and Trade Deficit Reports

EUR/USD continued to fall for the third daily trading session today. It reached the lowest level since December 11 after reports on both budget deficit and trade balance deficit were released in U.S. today. Now EUR/USD is trading at 1.3194. Trade balance deficit decreased from $56.7 billion (revised up from $57.2 billion) to only $40.4 billion in November — much faster than the analysts expected (the average forecast was […]

January 10
2009

Forex Technical Analysis for 01/12—01/16 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 1.2554 1.2933 1.3203 1.3582 1.3852 1.4231 1.4501 GBP/USD 1.3664 1.4047 1.4605 1.4988 1.5546 1.5929 1.6487 USD/JPY 84.36 87.25 88.82 91.71 93.28 96.17 97.74 EUR/JPY 111.73 […]

January 9
2009

EUR/USD Falls as Poor Non-Farm Payrolls Report Suggests Recession is Strong

EUR/USD declined today after two days of growth on the Forex market as the poor fundamental reports from the United States suggest a further slowdown of the economy and that the global recession is still active. EUR/USD is currently trading near 1.3517. Nonfarm payrolls fell by 524k in December — thats better than 533k lost in November, but still worse than the expected decline by 500k. The overall […]

January 8
2009

Dedicated Servers for MetaTrader Expert Advisors

Trading with the MetaTrader expert advisors requires a great deal of testing and dedication. When I first began to live-test the EAs to find the one Id finally use on the live account Ive encountered a lot of problems and almost all these problems were connected with the uninterrupted and smooth running of the trading platform. Although I keep my desktop PC on almost all the time, the daily routine […]

January 3
2009

Forex Technical Analysis for 01/05—01/09 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.3218 1.3534 1.3729 1.4045 1.4240 1.4556 1.4751 GBP/USD 1.3929 1.4142 1.4345 1.4558 1.4761 1.4974 1.5177 USD/JPY 87.62 88.69 90.25 91.32 92.88 93.95 95.51 EUR/JPY 121.28 […]

January 3
2009

Forecast for 2009 — Currencies, Oil, Interest Rates

My last forecast (for the year 2008) missed the real world market action significantly. The financial crisis made a lot of the forecasts made by the analysts and traders useless but, nevertheless, I still wish to offer my vision for the next year. This is just my opinion and it shouldnt be taken as a serious forecast or some guide for trading. EUR/USD will go down in 2009 and will probably reach 1.2000–1.2400 and then jump up to about 1.3000.GBP/USD will head down; probably, to a parity.USD/JPY will be very volatile, falling […]

December 29
2008

BroCo — MT4 Forex Broker

BroCo is Russian Forex broker, which is also registered and licensed in Mauritius. Founded by the people behind the three brokers — Ark World Market, Water House Capital and Golden Contract, — BroCo begins its on-line history in 2003. BroCo is a MetaTrader 4 Forex broker and it also offers CFD trading to its clients. Additional services include asset management and trading competitions, contests and bonus programs. […]

December 28
2008

FXCH — Swiss MT4 Broker that Accepts WebMoney

FXCH or Foreign Exchange Clearing House is a Forex broker located in Switzerland. Unlike many other European brokers its not multi-market and offers only Forex trading services. It went up on-line in 2004. The most distinguishing features of FXCH, in my opinion, are the leverage of 1:500 and the low spreads (1 pip on all majors) — the extremely nice conditions for the risk-hungry Forex traders. The trading is done via MetaTrader […]

December 27
2008

Forex Technical Analysis for 12/29—01/02 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 1.3691 1.3797 1.3912 1.4018 1.4133 1.4239 1.4354 GBP/USD 1.4060 1.4320 1.4469 1.4729 1.4878 1.5138 1.5287 USD/JPY 87.98 88.61 89.71 90.34 91.44 92.07 93.17 EUR/JPY 121.66 […]

December 26
2008

HMS Markets Another Forex Broker from Luxembourg

HMS Markets is the second regulated Forex broker from Luxembourg that was added to the list on my site recently. Its a multi-market broker that offers not only Forex but also CFD, futures and stocks trading services. The platform is custom — HMS Trader 2. The spreads on the Forex currency pairs are variable — but usually higher than 2 pips. The mini-trading is available, but the commission […]