Blog – Page 302

September 20
2008

Forex Technical Analysis for 09/22—09/26 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 1.3707 1.3889 1.4178 1.4360 1.4649 1.4831 1.5120 GBP/USD 1.7246 1.7488 1.7902 1.8144 1.8558 1.8800 1.9214 USD/JPY 100.17 101.85 104.65 106.33 109.13 110.81 113.61 EUR/JPY 141.33 […]

September 18
2008

Dollar Still Down But Got Better After Poor Macroeconomic Reports

The EUR/USD currency pair continued its ride up today before the economical releases in U.S. came out. Surprisingly, positive U.S. stock market opening, bad macroeconomic reports and the EUR/USD correction coincided today. EUR/USD reached 1.4542 today — the highest rate since September 4, but its currently trading near 1.4360 level — just slightly above its opening 1.4335 value. Initial jobless claims rose from 445k […]

September 17
2008

Euro Rises Against Dollar on Housing Decline in U.S.

Dollar dropped its position against the euro today after the yesterdays interest rate decision failed to support the U.S. currency for more than several hours. Poor housing reports showed another (unnecessary) sign of the ongoing recession in the United States. At this level interest rate dont play the role they usually do. Traders try to look at the countries financial system and sell the […]

September 16
2008

Dollar Stands Firmly After Record Low TIC Inflow

EUR/USD declined today during the whole trading session as the stock markets were also falling globally. Now U. S. indexes remain in the neutral zone, but the dollar still stands well against the euro, even after some really bad statistics from U.S. A rapid downfall of EUR/USD followed the Feds interest rate decision today and the currency pair now trades near […]

September 15
2008

EUR/USD Down Despite U.S. Manufacturing Decline

EUR/USD is down today on Forex after a big positive week-opening gap. The currency pair reached its 10-day high level during the early trading session but then declined below the Fridays close level quite fast. Bad macroeconomic statistics from U.S. pushed EUR/USD up, but it still trading in the red zone — near 1.4187 level. NY Empire State index, related to the manufacturing, declined from 2.8 to -7.4 in […]

September 14
2008

How George Soros Knows What He Knows?

This question is often asked by the traders that know who George Soros is. Unfortunately, there is no definite and accurate answer to this question. But its possible to model his trading behavior and understand what should be made by Soros-wannabe to reach the same level of the market intuition. Flavia Cymbalista, Ph.D., does that successfully in her scientific paper, which is entitled «How George Soros Knows What He Knows» […]

September 13
2008

Forex Technical Analysis for 09/15—09/19 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 1.3380 1.3630 1.3927 1.4177 1.4474 1.4724 1.5021 GBP/USD 1.7072 1.7259 1.7600 1.7787 1.8128 1.8315 1.8656 USD/JPY 103.29 104.68 106.30 107.69 109.31 110.70 112.32 EUR/JPY 138.84 […]

September 12
2008

Major Correction Wave Detected on EUR/USD

Dollar lost its gaining pace yesterday, but today a real correction came to the Forex market. Whether its a pure technical retracement or this movement has some fundamental basement, dollar has gained enough during the last month and can now retreat without leaving the long-term upward trend. EUR/USD is currently trading near 1.4101 level. Producer price index declined by 0.9% compared to the previous […]

September 10
2008

A Practical Guide to Swing Trading Free eBook

Now you can download a completely free ebook on the swing trading from my site — its «A Practical Guide to Swing Trading» by Larry Swing. Although this book doesnt deal with the Forex market specifically and was written with the stocks in mind, it still can be applied to the Forex trading, and I must say that even before I read it Ive been using the strategy described in this book myself […]

September 9
2008

EUR/USD Grows Little on Flat Pending Home Sales

EUR/USD traded today with a great deal of the intraday volatility — it managed to reach its almost two year minimum level at 1.4046 during the early Asian trading and post an upward spike later.After todays portion of the U.S. macroeconomic statistics came out, the currency pair left its equilibrium point and rose a little. It is now trading close to 1.4126 level. Pending home sales index fell 3.2% to 86.5 in July. […]