Blog – Page 297

November 17
2008

EUR/USD Up on Mixed U.S. Fundamentals

EUR/USD grew up today after some bearish weekly gap and a major decline last Friday. The U. S. fundamentals that were reported today showed some mixed results, probably, hurting the dollars positions on the Forex market. EUR/USD is currently trading near 1.2670. NY Empire State index declined in November from -24.6 to -25.4, showing a further contraction in the manufacturing sector. The median forecast by the market analysts […]

November 17
2008

Band Moving Average — Pull-Back Indicator

One of my site’s visitors offered an interesting idea of a MetaTrader indicator to me. At first glance, the indicator is very simple and quite useless. The general idea was to modify the standard Moving Average indicator that comes with MT4, so that the two more bands would be added to it. One band should be below the main line by 2% and the other — above by 2%. Then this indicator could be used as a pull-back detector: when the price breaks through the upper band […]

November 16
2008

FXTSwiss New Swiss/Austrian Forex Broker

FXTSwiss is a new Forex trading broker that started to offer its services on-line this year. Its a Swiss broker with the companys headquarters based in Austria. FXTSwiss isnt regulated by any financial authority. It offers MetaTrader 4 platform with the really low spreads (1 pip on major currency pairs). The trading accounts are Muslim-friendly because they are swap-free. The Forex brokers also offers free trading recommendations to its […]

November 15
2008

Forex Technical Analysis for 11/17—11/21 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 1.1815 1.2102 1.2353 1.2640 1.2891 1.3178 1.3429 GBP/USD 1.2909 1.3733 1.4236 1.5060 1.5563 1.6387 1.6890 USD/JPY 89.52 91.99 94.53 97.00 99.54 102.01 104.55 EUR/JPY 106.43 […]

November 14
2008

Dollar Firms as Export and Import Prices, Retail Sales and Business Inventories Drop

EUR/USD declined today after rising above the weeks opening level yesterday as the dollar-bullish traders got help from the sale of the euro-denominated assets spurred by the worsening of the global macroeconomic situation. EUR/USD is currently trading near 1.2690. The U.S. export prices fell by 1.9% in October, while the import prices decreased by 4.7% during the same period. This decline followed the 2-month […]

November 14
2008

FXcast Announces New Type of Forex Traders Competetion — FXcast Trader’s Hall of Fame

FXcast announced a new type of the Forex traders competition today — the Hall of Fame type of competition. You dont need to open some special account for it or pay for entering the competition. The contest is judged upon the monthly performance of your real trade account. The performance is denominated in the percentage to your monthly starting account and will only include your actual trading results. This way you can win the real prizes using even your starting $10 real […]

November 13
2008

U.S. Dollar Weakens on Bad Jobless Data

EUR/USD moved in a fundamentally explainable trend today as the dollar fell before and after the quite worrying report on the new jobless claims in U.S. Although the trade balance deficit change was positive, the traders expected such result and didnt value it much into the actual market. The budget deficit report has also disappointed the dollar bulls, pushing the dollar down on the market. EUR/USD is currently trading near 1.2525. Initial jobless claims rose from […]

November 12
2008

Heikin-Ashi Trading Technique E-Book

Heikin-Ashi is charting technique (which can be even called an indicator) that substitutes the traditional Japanese candles on the chart with the more «balanced» versions of the candles. Each parameter of a candle — Close, Open, High and Low — is derived from the common candles parameters via the special formulas. The purpose of this charting technique is to eliminate the irregularities present on the chart and show the price trends and consolidations more clearly. Today I uploaded an e-book about Heikin-Ashi technique to my site. Its called […]

November 11
2008

Prime4x — Forex Broker with MT4 and CFD Trading

Prime4x is a new Forex broker that started offering its services on-line in 2008 and its description was added to my site today. Prime4x offers MetaTrader 4 platform, CFD instruments to trade on, deposits via wire transfer and credit cards only and various bonuses. The minimum account size is $100 and all traders receive 10% bonus on their deposit. There is also a free promotional bonus $500 available on every new account, […]

November 10
2008

Latitude FX — Forex Broker from New Zealand

Latitude FX is a new Forex broker in my brokers list. Its based in New Zealand (the first New Zealand Forex broker that Ive met) and started to offer on-line trading services in 2007. Its regulated by the quite strict financial laws of New Zealand and thus has a high security level for the traders accounts. Latitude FX is audited by PricewaterhouseCoopers. They offer 1:100 leverage and $1,000 minimum deposits for miniForex accounts. The […]