Blog – Page 316

March 15
2008

Forex Technical Analysis for 03/17—03/21 Week

EUR/USD trend: hold. 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 1.5001 1.5141 1.5407 1.5547 1.5813 1.5953 1.6219 GBP/USD 1.9591 1.9793 1.9993 2.0195 2.0395 2.0597 2.0797 USD/JPY 92.74 95.82 97.43 100.51 102.12 105.20 106.81 EUR/JPY 149.38 […]

March 14
2008

Not a Single Day Without Dollar’s Antirecord

During the last nine days, only one day didnt bring a new absolute record level on EUR/USD; it was last Friday, March 7. Today EUR/USD reached a new maximum value at 1.5687 renewing the yesterdays record at 1.5644. In February seasonally adjusted CPI didnt change at all according the report of the Bureau of Labor Statistics. In January it grew by 0.4% and for this month the majority of the market analysts expected a 0.3% […]

March 13
2008

FxProÂ — MT4Â Broker with Annoying Website

FxPro is a relatively new MetaTrader Forex and CFD broker, which Ive found out recently. Ive seen the ad for this broker on some cable channel and decided to check it out on-line. Not many Forex brokers advertise on TV nowadays, so I was kind of interested. What I really didnt like a lot about FxPro was their website speaking flash marketers isnt something I expected from the good user-friendly website. Some of the […]

March 13
2008

EUR/USD at 1.5626, Fundametals Continue to Disappoint

EUR/USD reached a new absolute maximum value today not so long after the opening of the European trading session. It touched 1.5626 and then traded slightly below that level. Bad economic news from the U.S. failed to move the currency pair upwards. EUR/USD even started to correct after those releases. Retail sales in February dropped 0.6%, while the retail sales excluding the motor […]

March 12
2008

New Record on EUR/USD at 1.5526

The February Treasury budget deficit beat the last signs of life out of the fadollar today as the released numbers were far worse than the most pessimistic expectations of the economic strategists. The budget deficit was at $175,6 billion, while the forecasted value was at $170,0 billion. Last year February budget deficit was at $120,0 billion. Thats an astonishing $55 billion (45.8%) increase of the deficit in a year-to-year comparison. EUR/USD hit its new record value on Forex today after the news […]

March 11
2008

How to Control Yourself in Forex?

Joe Chalhoub presents an article about how to become a real Forex trader, not some opportunist who is trying to reap some fast rewards and become a millionaire in no time. Foreign exchange market has became very attractive for many people recently. Traders come with hopes and go without after losing some their hard-earned money. Taking control in trading, developing your own organized approach to trading […]

March 11
2008

U.S. Trade Balance Improves

Although the U.S. trade balance deficit in January has actually widened compared to Decembers revised value, it was significantly below the analysts expectations. The negative difference between the exported and imported goods value was at -$58.2 billion which is slightly above the Decembers -$57.9 billion (revised up from -$58.8 billion). The trade balance deficit was expected to increase from $58.8 billion to $59.0 billion. The reason for the deficit “widening” […]

March 9
2008

VarengoldBankFX Forex Broker Division of German Bank

A German banking institution Varengold Wertpapierhandelsbank AG started the on-line retail Forex broker this year VarengoldBankFX. Its one of the few MetaTrader retail brokers maintained by the major banking institution. They support mini Forex accounts, but the minimum positions size is twice as much as usual 0.1 lot. CFD and metal trading is also available (CFD is not available to U.S. citizens). Unfortunately, like with many other […]

March 8
2008

Forex Technical Analysis for 03/10—03/14 Week

EUR/USD trend: hold. GBP/USD trend: hold. 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 1.4872 1.5008 1.5182 1.5318 1.5492 1.5628 1.5802 GBP/USD 1.9339 1.9530 1.9832 2.0023 2.0325 2.0516 2.0818 USD/JPY 98.56 99.98 101.33 102.75 104.10 105.52 106.87 EUR/JPY 152.74 […]

March 7
2008

Nonfarm Payrolls Depress Dollar

Dollar went straight down today on the currency market after the U. S. Bureau of Labor Statistics released its report on the Februarys stressed employment situation. EUR/USD reached 1.5454 a new historical maximum on the release, but then corrected significantly and now (as of 16:00 GMT) is trading at 1.5345. Nonfarm payrolls in February decreased by 63,000 compared to the 22,000 decrease in January. Market analysts forecasted 25,00 growth for the last month, but they […]