Blog – Page 327

November 20
2007

Mixed Housing Data and FOMC Minutes

EUR/USD is hitting its all-time record high level beyond 1.4800 after the pessimistic analysts’ forecasts on housing data appeared to be almost completely true today. Housing Starts for the October grew to a seasonally adjusted annual rate of 1.229 million, compared to 1.193 million in September and 1.175 million expected for this month. Meanwhile Building Permits dropped significantly — October seasonally adjusted annual rate appeared 1.178 million, compared […]

November 18
2007

Forex Trader’s Cheat Sheet

I’ve added a new Forex e-book to my site — The Forex Trader’s Cheat Sheet. It’s not just a book, but a real cheat sheet which can be used every time you consider opening a new position on Forex market. It has several pages of explanations on how to apply its statistical data and a printable version of cheat sheet for 5 currency pairs: GBP/USD, GBP/JPY, EUR/USD, USD/CHF and USD/JPY. As the authors say — […]

November 17
2007

Forex Technical Analysis for 11/1911/23 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 1.4304 1.4412 1.4536 1.4644 1.4768 1.4876 1.5000 GBP/USD 1.9793 2.0073 2.0309 2.0589 2.0825 2.1105 2.1341 USD/JPY 106.89 108.01 109.53 110.65 112.17 113.29 114.81 EUR/JPY 153.98 156.33 159.60 161.95 […]

November 16
2007

Marketiva Adds New Trading Instruments

These news isn’t that new, but for Forex traders it would be interesting to know, that Marketiva broker now offers world indexes (Dow Jones, Nasdaq 100, S&P 500, DAX and FTSE 100) and precious metals (gold, silver, platinum and palladium) trading. Metals are now part of the Commodities tab in Marketiva’s Streamster, which may hint for adding other commodities (think of oil) too. Spreads for the new […]

November 16
2007

Dollar Suffers from Lower Industrial Production

EUR/USD stopped its fall today and jumped back up to 1.4670 levels on Forex after today’s Federal Reserve release on industrial production. In this October industrial production fell by 0.5% after 0.2% growth in September and median expectation at 0.1% for this month. That means that FOMC will probably need to adjust U.S. interest rates once again to stimulate economy growth. With the decrease of industrial production, economy of the Unites […]

November 15
2007

Minor Update

I’ve updated Forex brokers description pages to use AJAX for broker rating system. So now you can vote for your favorite broker without having to reload a page. It’s not a big thing, but I think that my visitors should be able to do thing in a convenient way :-). If you didn’t rate your Forex broker yet, please Forex brokers, it will take just a few […]

November 15
2007

CPI at 0.3%, Jobless Claims at 330k, Oil Inventories Grow

The release of the not so good news from the U.S. economy caused a wave of bullish dollar speculation on Forex with the increased risk aversion sentiments among traders. Going back from stocks to bonds wasn’t prevented even by the fear of another possible cut rate before the year’s end. EUR/USD fell from almost 1.4700 to the powerful psychological support level of 1.4600. Bureau of Labor Statistics published its consumer inflation data — […]

November 14
2007

Low Producer Prices Inflation Helps Dollar

After Bureau of Labor Statistics reported its statistical data for October Producer Price Index (which indirectly affects Consumer Price Index with a time lag) today, U.S. dollar began reclaiming some of its strength against major currencies. Most notably — against Euro which grew significantly against all majors today. After PPI report dollar went back from past 1.4700 levels to 1.4670 levels. […]

November 13
2007

Will Better Budget Deficit Help USD?

U.S. dollar started its decline against other majors almost with the beginning of today’s Asian trading session. EUR/USD broke through 1.4600 level but fell from it several times. Overall trading day for EUR/USD can be described as the “highly volatile correction”. The only important (to Forex market) economical data from U.S. today is Federal budget deficit figures by U.S. Treasury. It came out […]

November 11
2007

Forex Technical Analysis for 11/1211/16 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 1.4188 1.4316 1.4496 1.4624 1.4804 1.4932 1.5112 GBP/USD 2.0357 2.0569 2.0736 2.0948 2.1115 2.1327 2.1494 USD/JPY 104.87 107.69 109.18 112.00 113.49 116.31 117.80 EUR/JPY 155.03 158.59 160.52 164.08 […]