Blog – Page 320

February 4
2008

Moved to WordPress Finally!

Enough with the Blogger, its glitchy publishing system and the limited settings choice. Iâve decided to move my Forex blog to WordPress, as I find it very good CMS for my needs. Of course, in the beginning there will be a lot of things messed up because of it, but now you will probably have a better experience with the whole more clean blog. And the posts will be actually posted without waiting periods of more than 10 hours (because sometimes Blogger just […]

February 3
2008

Carnival of Forex Trading February 3, 2008

Welcome to the February 3, 2008 edition of Carnival of Forex Trading. Nate presents Scalping: Don’t Lose Your Head posted at Legion Forex, saying, “Become a legionnaire!” Raymond presents Invest In Gold As A Hedge Against Inflation, Recession, and The Weakening Dollar posted at Money Blue Book. Jed Norwood presents Having Profitable Losses posted at […]

February 2
2008

Forex Technical Analysis for 02/0402/08 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 1.4390 1.4526 1.4662 1.4798 1.4934 1.5070 1.5206 GBP/USD 1.9230 1.9438 1.9543 1.9751 1.9856 2.0064 2.0169 USD/JPY 103.92 104.82 105.67 106.57 107.42 108.32 109.17 EUR/JPY 151.70 153.63 155.63 157.56 […]

February 1
2008

Falling Nonfarm Payrolls Fail to Support EUR/USD

Nonfarm payrolls is one of the most important indicators of the U.S. economyâs health. Market analysts expected it to grow up in January by 50,000. But in reality it didnât grow at all, instead it dropped by 17,000. At first, this fueled dollar bearsâ activity and drove EUR/USD up close to the historical borders, but then, after release of some other important indicators, it went down to about 1.4800. The part of the employment […]

January 31
2008

U.S. Dollar Regains Positions on Mixed Fundamentals

Today, EUR/USD lost a small part of the pips that were gained yesterday after the Fedâs interest rate cut by 0.50%. Even the bad employment statistics didnât prevent dollar from recovering from 1.4860 to 1.4814 against European currency. This can be also partially explained by the major resistance level that has formed near 1.4870 rate on EUR/USD. Personal income in December rose by 0.5% â better than […]

January 30
2008

Forex Trading Edge New MetaTrader 4 Broker

Recently Iâve been contacted by the manager of Forex Trading Edge. Itâs quite a new Forex broker that started to operate near the end of 2007. Forex Trading Edge is the introducing broker for Forex.com broker. Usually I donât like to list the introducing brokers as the separate entities, but this one got my attention, because it offers a MetaTrader 4 platform, something that Forex.com is missing. Besides MT4, it also […]

January 30
2008

Dollar Falls After FOMC Lowers Interest Rates

The main intrigue for today Forex trading session was the FOMCâs meeting at which the next interest rate should have been decided. As the most market participants expected FOMC lowered overnight interest rate in U.S. by 0.50% to 3.00%, farther widening the gap between U.S. and European interest rates. The decision was made under the pressure from the deepening crisis in the both housing and financial markets. EUR/USD jumped up by almost 100 pips […]

January 29
2008

Forex Research Paper on Volatility, Spreads and Quotes Frequency

Now you can download a new free research paper related to the Forex market from the e-books section of my site. It is “The Interaction Between the Frequency of Market Quotes, Spread and Volatility in Forex” that was published in the Applied Economics journal more than 10 years ago. This paper researches the relations between volatility, spreads and the frequency of the new market data in the Forex. It can be considered outdated for the majority […]

January 29
2008

Slight Strengthening of Dollar

Good fundamental macroeconomic data that was coming out today helped the U.S. dollar to fight back some of the pips, lost to euro yesterday. EUR/USD began this day at 1.4779, but now it hovers near the 1.4756 level. It’s not a big gain for the greenback, but it has a potential to continue the trend during the rest of the week. Durable goods orders in December unexpectedly rose by 5.2%, which is a lot […]

January 27
2008

Support and Resistance MetaTrader Indicator

Enjoy the new MetaTrader indicator â Support and Resistance â ready to be downloaded from the indicators page. This indicator shows the dynamic support and resistance levels directly on the chart. It applies the levels to the certain periods that are treated as the trends or sub-trends. This indicator was originally developed by Barry Stander (http://myweb.absa.co.za/stander/4meta/), but I have received by e-mail from one of my reader â Muntazir Mehdi. So, thanks should go […]