Blog – Page 326

November 29
2007

GDP Data Released in U.S. Today

EUR/USD confirmed its downtrend intentions today falling from yesterday’s retracement to 1.4740 level. One of the reason for a stronger dollar can be seen in expectations for the increased real GDP growth in third quarter of 2007. U.S. Bureau of Economic Analysis released its preliminary report on real Q3 Gross Domestic Product. The growth was higher than the previous advance value for third quarter — 4.9% against 3.8% and the same as analysts expected […]

November 28
2007

EUR/USD Retraces After Bad Fundamentals

EUR/USD seemed almost completely independent of the important fundamental indicators which were signaling the worsening economical situation in USA. EUR/USD was falling by more than 100 pips during the day, but then it returned to a more moderate loss — 50 pips. Manufacturers’ durable goods orders in October 2007 decreased by $0.9 billion which is 0.4% the previous month value. The consensus forecast for this value was at 0%, meaning […]

November 27
2007

Consumer Confidence Lowest Since 2005

In November Consumer Confidence Index, surveyed by the Conference Board Inc., fell by 8.3 points to its lowest value since 2005. It decreased from 95.6 in October to 87.3 this month. Consumer confidence is the important measure of the consumers’ readiness to spend money and take credits. When this index falls so sharply, it usually means that U.S. economy is experiencing a slowdown or even a recession. Contrary to the declining confidence […]

November 26
2007

Free Forex Webinar

Today I’ve “attended” a Forex trading webinar by http://www.fxinstructor.com. FXOpen informed me via the MetaTrader 4 mail message that FX Instructor will be holding a free technical analysis on-line lessons on November 26th. The webinar lasted through Asian, European and New York sessions with two hour and a half breaks. The communication via hotCam software went smooth and interactive. There was a chat window, where everyone could […]

November 25
2007

marketindex by ABN AMRO

Some traders don’t like trading with brokers registered in some offshore zone with a little or no regulation at all. For these customers exist such Forex brokers as marketindex. ABN AMRO marketindex is the broker which offers financial market trading services as the division of one of the largest banks in Europe. marketindex offers Forex, CFD, commodities and indexes trading. They offer their own custom Java based platform (you […]

November 24
2007

Forex Technical Analysis for 11/2611/30 Week

EUR/USD trend: hold.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 1.4303 1.4462 1.4649 1.4808 1.4995 1.5154 1.5341 GBP/USD 2.0151 2.0301 2.0463 2.0613 2.0775 2.0925 2.1087 USD/JPY 103.35 105.45 106.88 108.98 110.41 112.51 113.94 EUR/JPY 155.06 157.26 158.99 161.19 […]

November 23
2007

ActiveTrades Multipurpose Forex Broker

ActiveTrades is my new addition to the Forex brokers list. It is quite an old on-line British broker, which allows not only Forex trading (via MT4 platform), but also stocks CFD trading and the access to the world exchanges: CME, CBOT, NYMEX, COMEX, LIFFE, EUREX, IDEM, NYSE and NASDAQ via futures trading. ActiveTrades also supports many different trading platforms: MetaTrader 4, J Trader, Ninja […]

November 22
2007

Learning Flawless Execution of a Trading System

A new trader’s psychology related e-book for you to read: e-book by Mark Douglas It’s more like an article — just 4 pages long, but it contains a useful information for all Forex traders that have problems in applying a trading strategy. Sometimes, it seems that you know better than your strategy and you correct its actions. Mark describes why such approach is completely wrong and tells […]

November 21
2007

Pessimistic Indicators from U.S.

U.S. dollar looks unsure whether to fall or to rise on the Forex market after some important macroeconomic indicators were released today. One of the most important data came out from the University of Michigan and Reuters — Michigan Sentiments Index, which represents consumer confidence. Consumer confidence is important, because it will determine future consumer spendings that in their turn fuel the U.S. economy growth. Michigan Sentiments Index […]

November 20
2007

Scalping Forex Strategy Article

Now you can read a new Forex article on my site — Scalping The Forex Market For Profits Every Day (by Dean Sauders). As you can guess from its title it is about scalping. This article offers an interesting scalping strategy based on the big amount of Weighted Moving Average. Basically, it is a support and resistance system traded on M1 charts with 24 different levels. Scalping this way gives […]