Blog – Page 312

May 2
2008

NorthFinance and WestCapFX Endorse FxPro

NorthFinance and WestCapFX recently stopped accepting new Forex trader registrations and are now officially redirecting new members to a very new but employing an aggressive marketing strategy Forex broker FxPro. It looks like the company behind NorthFinance and WestCapFX decided that it would be better to consolidate their business and offer one «universally good» broker rather than two different decisions for two […]

May 2
2008

EUR/USD at Monthly Low on Nonfarm Payrolls

EUR/USD broke down through 1.5400 mark today and reached the minimum level since the 24th of March as the employment fundamentals showed some improvement compared to the March results. Dollar managed to strengthen also against pound and yen even with objectively bad macroeconomic results. Nonfarm payrolls one of the main indicators of the U.S. economys health decreased 20k in April. Thats a lot better than the […]

May 1
2008

Jobs and Income Fall in United States

May Day resulted in some unexpectedly bad fundamental data releases from the United States. Labor market, income, spendings, construction and manufacturing were covered in todays reports and none of them showed something optimistic for the dollar bulls; nevertheless EUR/USD was down today and the dollar managed to show some unfounded strength on the Forex market. Initial jobless claims rose up from 345k […]

April 30
2008

EUR/USD Mostly Unchanged by Other Macroeconomic Releases before Fed Rate Decision

EUR/USD remains mostly unchanged today as the markets await the Federal Reserve decision on the interest rate. Even some important indicators that were released in U.S. today failed to move the currency pair significantly on Forex. Advance data for the first quarter GDP in U.S. were releasd today, showing 0.6% growth (the same as in Q4 2007), above the estimate of 0.5%. Chicago PMI index […]

April 29
2008

Risk Management in Gambling and Forex

There are many similarities between the money management strategies in the gambling and the Forex trading. In fact there are too little differences between money management in any risk-based money making. Of course, that fact doesnt mean that Forex market is a casino and traders are gamblers, there are many other properties that define Forex from the gambling industry but thats another story. Ive uploaded a new ebook to the site today Money […]

April 26
2008

Forex Technical Analysis for 04/28—05/02 Week

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4986 1.5271 1.5450 1.5735 1.5914 1.6199 1.6378 GBP/USD 1.9331 1.9504 1.9679 1.9852 2.0027 2.0200 2.0375 USD/JPY 101.00 101.84 103.13 103.97 105.26 106.10 107.39 EUR/JPY 159.93 […]

April 25
2008

Broker Rating System Upgrade

Ive upgraded the Forex broker rating system to make it more cheat-proof and to make it show more relevant rating score for each broker. With previous system I had to deal with hundreds of fraudulent votes (both in favor of some brokers and to lower some brokers rating). Current system should be much better than the old one and I hope the rating will be more accurate now. Unfortunately, […]

April 24
2008

EUR/USD Falls Lowest since April 14

EUR/USD slid to its minimum value since April 14 today on Forex 1.5675, as the investors started to consider the U.S. currency to be oversold and the further interest rate cuts by the Federal Reserve unlikely. Fundamental data that was released today in U.S. was mostly disappointing, but that didnt help the euro to grow against the dollar. Initial jobless claims dropped 33k last week from […]

April 22
2008

Forex-Metal — Broker with MT4 and PayPal Support

Ive added a very new Forex broker to the site today Forex-Metal. Its website is still very raw and there is not very much information about this broker on the internet. But I thought that it should be listed because it has one rare feature it supports both MetaTrader 4 platform for trading and PayPal payment system for deposits and withdrawals. It also supports WebMoney and wire transfers […]

April 19
2008

Forex Technical Analysis for 04/21—04/25 Week

EUR/USD trend: buy. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5352 1.5510 1.5664 1.5822 1.5976 1.6134 1.6288 GBP/USD 1.9325 1.9464 1.9721 1.9860 2.0117 2.0256 2.0513 USD/JPY 96.75 98.53 101.09 102.87 105.43 107.21 109.77 EUR/JPY 153.50 […]