Blog – Page 314

April 7
2008

Test Your Technical Analysis Skills

Are your technical skills good enough to earn by themselves? Can you trade without any fundamental information? Is technical analysis can be considered a self-sufficient tool at all? You can try to find the answers to these questions using an interesting financial training tool from Inspectd.com. It shows you only a bare six months chart of an unknown stock with only one moving average as an indicator. You have to decide […]

April 6
2008

Carnival of Forex Trading — April 6, 2008

Welcome to the April 6, 2008 edition of Carnival of Forex Trading. Sagar presents 10 Surprising Economic Implications of a Barack Obama Presidency posted at Currency Trading.net. Heather Johnson presents How to Adopt the Traits of a Successful Trader posted at FOREX EDUCATION | FOREX TRAINING. Heather Johnson presents 4 Easy Ways to Avoid Forex Scams posted at Short-Term Trading. Heather Johnson presents 3 Lesser Known Factors Affecting the Forex Markets. posted […]

April 5
2008

Forex Technical Analysis for 04/07—04/11 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 1.5147 1.5328 1.5533 1.5714 1.5919 1.6100 1.6305 GBP/USD 1.9436 1.9583 1.9756 1.9903 2.0076 2.0223 2.0396 USD/JPY 95.07 96.94 99.20 101.07 103.33 105.20 107.46 EUR/JPY 151.74 […]

April 4
2008

Dollar Volatile after Employment Situation Worsens

EUR/USD was growing through the day on Forex today, but after the employment data for March was released there were a sharp but very short-term spike, after which the currency pair started to fall. Thats not a usual and expected behavior for the dollar to grow after the bad job data releases. Nonfarm payrolls in March dropped 80k approving its declining trend. […]

April 2
2008

Dollar Down on Factory Orders

Dollar failed to sustain the growth that it has been showing recently and today it fell down against euro to 1.5662 from the opening at 1.5621. Although it tried to rally again earlier today, traders didnt felt that positive about the U.S. currency. Factory orders in February disappointed the market participants they fell 1.3%, while the consensus forecast was at -0.8%. Still this decline was better […]

April 1
2008

U.S. Dollar Rallies on Better than Expected Manufacturing ISM

Despite the fact that the ISM PMI for manufacturing sector is still below the significant 50 level and the construction spending continued to fall in February, todays economic releases inspired the stock markets rally and the strengthening of the U.S. dollar. EUR/USD fell down from 1.5763 to 1.5582, making this days fall already a second largest in the last two weeks. Construction spending in February decreased at a lesser extent […]

March 31
2008

DeltaStock Bulgarian Forex Broker

An interesting Forex broker reached my attention recently DeltaStock. Its a Bulgarian registered brokerage company, which is operating on the on-line Forex market since 2001. DeltaStock also offers CFD, metals, commodities and stocks (only Bulgarian companies) trading. It offers both fixed and variable spreads to choose from and both downloadable and browser trading platforms to trade. I think that this broker would be quite interesting […]

March 29
2008

Forex Technical Analysis for 03/31—04/04 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509 GBP/USD 1.9307 1.9533 1.9739 1.9965 2.0171 2.0397 2.0603 USD/JPY 95.62 97.09 98.11 99.58 100.60 102.07 103.09 EUR/JPY 148.49 […]

March 28
2008

Personal Income Sends Dollar Up

The U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947. Personal income rose 0.5% in February â above the forecasted and the previous monthâs 0.3% growth. Personal income […]

March 27
2008

GDP Stats Support Dollar

EUR/USD turned to a mainly bearish trend after the GDP and unemployment statistics were released in U.S. today at 8:30 EST. Dollar went up from 1.5845 to 1.5750 dollars per euro. The gross domestic product in the fourth quarter of 2007 gained 0.6% as was forecasted by the major market analysts and the previous GDP report. While the value is definitely low, its still above zero and it also held stable against […]