Blog – Page 296

November 27
2008

GOMarkets — Australian Broker with CFD, Shares and Futures Trading

GOMarkets is a regulated Australian Forex broker that offers not only Forex market, but also CFD, shares and futures trading. Information about this broker was added to my site today. It offers MetaTrader 4 platform and also its own trading platform — GOTrader. They started offering the on-line Forex trading services in 2008. They support accounts with just $100 starting capital and offer micro-trading […]

November 26
2008

Abundance of Fundamental Reports from U.S. Causes EUR/USD to Correct

EUR/USD declined today after rising for three consecutive days as many macroeconomic reports were released in the United States. EUR/USD is currently trading near 1.2939 after reach as high as 1.3080 yesterday. Durable goods orders decreased by 6.2% in October after declining by 0.2% in September (revised down from the 0.8% gain). The orders were expected to decline by no more than 2.5%. Initial jobless claims declined to 529,000 last week […]

November 25
2008

Bottom Formed on EUR/USD?

EUR/USD continue to rise today for the third straight day on the stock market optimism that was earlier based on the Citigroup bail-out and now on a new plan worth $800 billion to unfreeze the lending in the U.S. financial system. Fundamental reports from the United States that were released today didn’t impact Forex rates […]

November 24
2008

The Day Trade Forex System

If you are still searching for the right Forex trading strategy, then youll probably like the free ebook that I added to my site today: The Day Trade Forex System by Erol Bortucene and Cynthia Macy. The strategy, which is offered in this book, is for intraday usage and wont probably fit the more long-term trading style. The strategy is an indicator-based one: moving averages, Bollinger bands, […]

November 23
2008

Apex FX Trading — MT4 Forex Broker from Jordan

Finding a Forex broker with a nice and smoothly working website is becoming a difficult task for me. I thought that the website problems is only a feature of the new (1-2 years old) Forex brokers. But Apex FX Trading dissolved my delusions. Its Forex broker that is working on-line since 2001 and it stills offers some parody instead of the website to its clients. Apex FX Trading is a Jordan-based Forex broker with the MetaTrader […]

November 22
2008

Forex Technical Analysis for 11/24—11/28 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 1.2012 1.2218 1.2402 1.2608 1.2792 1.2998 1.3182 GBP/USD 1.4048 1.4352 1.4639 1.4943 1.5230 1.5534 1.5821 USD/JPY 89.82 91.69 93.82 95.69 97.82 99.69 101.82 EUR/JPY 108.80 […]

November 21
2008

InvestTechFX — Canadian MT4 Forex Broker

InvestTechFX is another MetaTrader Forex broker that was added to the list on my site today. Its a new on-line retail broker, operating since 2008 2006, though they say that their off-line services in the Forex market were active since 2004. This broker offers MetaTrader 4 trading platform, CFD and index trading, very low spreads (1 pip on all majors) and also a very flexible leverage — […]

November 20
2008

EUR/USD Slightly Up, Still Below Week Open

EUR/USD rose slightly today after some strong volatility that it showed yesterday. Overall it still remains in the red zone this week. The released indicators are still very pessimistic for the U.S. dollar. But they rarely matter in the current global financial conditions. EUR/USD is currently trading near 1.2493. Initial jobless claims rose from 515,000 to 542,000 last week, setting a new record level […]

November 19
2008

Consumer Prices and Housing Fall in U.S., Dollar Goes Up

EUR/USD jumped up today after the two important macroeconomic reports were released today — CPI and new housing starts. But after reaching a peak at 1.2813 EUR/USD corrected and snapped the daily growth. The currency pair is now trading near 1.2578. Consumer Price Index (CPI) decreased by 1% on a seasonally adjusted basis in October. This declined followed the stagnation in September and exceeded analysts forecast […]

November 18
2008

EUR/USD Down After Negative PPI, Steady Foreign Inflow

EUR/USD was trading with a very limited volatility today and currently stays slightly below the opening level after another portion of the mixed macroeconomic statistics came from U. S. EUR/USD is currently trading at 1.2586. PPI (Producer Price Index) dropped by 2.8% in October after declining by 0.4% in September. It should have dropped only by 1.8%, according to the analysts forecast. Core PPI gained 0.4% — the same […]