Blog – Page 295

December 6
2008

Forex Technical Analysis for 12/08—12/12 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 1.2269 1.2411 1.2564 1.2706 1.2859 1.3001 1.3154 GBP/USD 1.3374 1.3920 1.4303 1.4849 1.5232 1.5778 1.6161 USD/JPY 87.15 89.37 91.10 93.32 95.05 97.27 99.00 EUR/JPY 109.99 […]

December 5
2008

Nonfarm Payrolls Fall Sharply, Dollar Little Changed

EUR/USD declined today before and after the important employment report. After showing almost no volatility during the Asian trading session, the currency pair declined past the yesterdays open levels during the London trading session. After the nonfarm payrolls data was released, EUR/USD retreated slightly but the returned to the downward trend. The currency pair is trading near 1.2699 now. Nonfarm […]

December 4
2008

EUR/USD Up after Employment and Factory Orders Reports

EUR/USD rose today after posting a slight decline yesterday and trading in the negative zone for the most of the day as the ECB cut the interest rate and some mixed fundamental reports from U.S. arrived. EUR/USD is currently trading near 1.2794. Initial jobless claims unexpectedly fell in U.S. last week — from 530k (revised up from 529k) to 501k. According the forecast by the […]

December 3
2008

Mixed Reports on Economy Drive Dollar Up

EUR/USD currency pair declined today after showing a moderate growth yesterday. The macroeconomic statistics from U.S. was mixed today — both positive and negative news barely influenced the market. EUR/USD is currently trading near 1.2637, still inside the yesterdays trading range. ADP employment report showed a drop by 250,000 jobs in November following a decline of 179,000 (revised up from 157,000) in October. The median forecast for the […]

December 2
2008

Windsor Brokers — Cypriot MetaTrader Forex Broker

Windsor Brokers is a Forex broker company based in Cyprus and regulated by both Cyprus Securities and Exchanges Commission and the British Financial Services Authority. You can now find the detailed description of this broker on my site. Windows Brokers offer their services on-line since 2002. This broker provides MetaTrader 4 platform with the possibility of micro-trading. The leverage can be set to 1:200 (for micro-trading) and […]

December 1
2008

New Forex Tool Risk and Reward Calculator

A new on-line Forex toll was added to my site today. Its a calculator for the risk and reward levels and ratio based on the Fibonacci retracements. To use this tool you just need to enter the values for the local maximum and minimum levels and the current price. It automatically calculates the 0.382 and 0.618 Fibonacci retracements and offers the recommended take-profit and stop-loss levels […]

December 1
2008

Dollar Grows While Construction Spending and Manufacturing ISM Tumble

EUR/USD continued to decline today after falling through the second half of the last week as the demand for the low-risk U.S. dollar and Japanese yen rose. The fundamental indicator that were released in U.S. today signaled nothing positive for the global economy, thus helping the EUR/USD bears. The currency pair is currently trading near 1.2633. Construction spending decreased by 1.2% […]

November 30
2008

ATC Brokers — U.S. ECN Forex Broker

ATC Brokers is a new Forex broker whose description was added to my site today. Its a regulated U.S. broker, registered with both NFA and CFTC. ATC Brokers offer ECN Forex trading with the low variable interbank spreads (usually — 1 pip on EUR/USD) but they also charge commission per trade since the spread doesnt compensate their services. This broker offers both MetaTrader 4 platform and […]

November 29
2008

Forex Technical Analysis for 12/01—12/05 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 1.1958 1.2261 1.2475 1.2778 1.2992 1.3295 1.3509 GBP/USD 1.4271 1.4556 1.4963 1.5248 1.5655 1.5940 1.6347 USD/JPY 91.51 93.07 94.30 95.86 97.09 98.65 99.88 EUR/JPY 111.71 […]

November 28
2008

Forex Capital Trading Forex Broker with Browser-Based Platform

Forex Capital Trading is another Forex, broker based and regulated in Australia, that was added to my site. This broker isnt very new — its went on-line in late 2006. Unlike several previous newly added Forex brokers, Forex Capital Trading doesnt offer MetaTrader 4 platform — and it is one of its main disadvantages. Instead, this broker provides its own web-based trading platform that can be run directly from your […]