Blog – Page 301

September 30
2008

Business and Consumer Cinfidence Boost Dollar

EUR/USD fell today at a fastest daily pace since the early September as the fundamentals in U.S. came out at a better than expected level today, spurring both U.S. stock market and dollar rallies. EUR/USD lost almost 300 pips today and is currently trading near 1.4129 level. Chicago PMI, indicating the business confidence, dropped from 57.9 to 56.7 in September — thats not a bad result, considering the average forecast […]

September 29
2008

Forex Manual Free Book for Forex Dummies

Forex. On-Line Manual for Successful Trading is one of the best Forex books for beginners Ive encountered recently and its now available to be downloaded for free from my site. Although, its not concentrating on any specific Forex related concept, this manual describes everything a new trader needs and wants to know — the history of the Forex market, its functions, its features and advantages, the most popular […]

September 28
2008

Ingot Brokers Another Swiss Forex Broker

Information about another Swiss Forex broker is now available on my site. Ingot Brokers offers Forex trading along with CFDs, stocks, futures and options instruments, including oil and metals trading. There is a single account for all types of trading and a single trading platform — MetaTrader 4. Ingot Brokers is registered with the Swiss regulatory organization ARIF and is audited by PricewaterhouseCoopers. In my opinion, their webiste looks […]

September 27
2008

Forex Technical Analysis for 09/29—10/03 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 1.3981 1.4209 1.4411 1.4639 1.4841 1.5069 1.5271 GBP/USD 1.7843 1.8054 1.8247 1.8458 1.8651 1.8862 1.9055 USD/JPY 102.84 103.94 104.97 106.07 107.10 108.20 109.23 EUR/JPY 149.97 […]

September 26
2008

Dollar Trembles as GDP Report Show 0.5% Less

EUR/USD rose today after the U. S. GDP Q2 results release disappointed many traders. The global stock markets also fell and not the last reason for that was the complete uncertainty about the $700 billion rescue plan. EUR/USD is currently trading near 1.4638 level. GDP in the second quarter of 2008, according to the final revision report, rose at an annual rate of 2.8% — thats 0.5% below the […]

September 25
2008

Dollar’s Giving Up on Poor Fundamentals

Weak fundamentals will probably make Fed to cut the interest rate one more time by the end of the year. At least the dollars bearish movement on Forex today indicate that. EUR/USD reached its peak above the yesterdays high and posted the first positive result in three days. It now trades near 1.4715 level. Durable goods orders unexpectedly decreased by 4.5% in August, following 0.8% increase in July […]

September 24
2008

Dollar Grows as Existing Home Sales Drop

EUR/USD remained almost unchanged today after the yesterdays slight correction. The currency pair was in the uptrend for the most part of the day but started to fall after the important economic reports came out today in U.S. It failed to reach the yesterdays open level and is now trading near 1.4671 rate. Existing home sales in August dropped to 4.91 million units annual rate — down from 5.02 (upwardly revised from 5.00) million units in July. The market analysts expected […]

September 23
2008

Practical Fibonacci Methods for Forex Trading Forex E-Book

Fibonacci retracements and extensions technique is quite a popular Forex trading method. Unfortunately, many traders lack the understanding of how and why the Fibonacci levels work and even more traders dont understand how to use these levels. The little Forex book that Ive uploaded to my site today will help such traders. This book is titled Practical Fibonacci Methods for Forex Trading and is written […]

September 22
2008

Fit Markets — Another New Forex Broker

Fit Markets was added to the list of the Forex brokers on my site today. Its a very new broker — it went on-line in the second half of 2008. Its site is till very fresh and a bit awkward, but its already advertising quite aggressively on some Forex-related websites. Fit Markets is a broker created by Forex Investment Team AG, a Colombian company which is also registered in Zürich, Switzerland. Fit Markets is regulated by the Swiss banking laws and is audited by a respected Swiss company — BDO Visura. […]

September 21
2008

FXD24Â — New Forex Broker

Ive decided to add a new Forex broker to the list on my site today. Its FXD24 — Ive seen this broker before, but Ive been in doubts about it because it looked too suspicious to me. But eventually Ive thought that adding it to the list isnt the same as recommending it, so now its there. FXD24 is quite new — it went on-line somewhere around December 2007, but its site claims that its on-line since 2003, which is the unnecessary lies, in my opinion. […]