Blog – Page 329

October 25
2007

New Signs of Recession for U.S. Economy

The closer it is to the October 31st when the FOMC’s meeting on interest rates policy will be held the stronger the dollar bears feel themselves on the Forex market. With almost each day bringing new reasons for the Fed to decrease interest rate again this time the decision became clear now. Initial jobless claims for the last week decreased compared to the previous week report, but still came out worse than […]

October 24
2007

Oil and Home Sales Fall Again

This day was very volatile on Forex EUR/USD pair, but it was without a distinct leader among those two. With dollar falling and rising during the day it ended almost at the same point it started. But trend for the rest of the week could have been probably founded today by two important fundamental reports on U.S. economics. First, the crude oil inventories for the last week fell by whopping 5.29 […]

October 20
2007

Forex Technical Analysis for 10/2210/26 Week

EUR/USD trend: buy.GBP/USD trend: buy.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 1.4015 1.4080 1.4190 1.4255 1.4365 1.4430 1.4540 GBP/USD 2.0124 2.0206 2.0361 2.0443 2.0598 2.0680 2.0835 USD/JPY 109.91 112.21 113.35 115.65 116.79 119.09 120.23 EUR/JPY 158.36 161.03 162.39 165.06 […]

October 18
2007

Dollar Takes More Beating

Today U.S. dollar continued its way down the Forex market to historical bottoms of its rate against Euro currency. With EUR/USD hitting its new historical maximum at 1.4309, there is a little doubt now that dollar will stop euro reaching and breaking 1.4500 level. This is mainly caused by bad U.S. data coming out last weeks, which might mean another Fed rate […]

October 17
2007

EUR/USD Fluctuations Continue

EUR/USD retraced back to 1.4200 level today after some very disappointing housing data came out in U.S. Overall situation continues to remain uncertain with the EUR/USD ranging between 1.4050 and 1.4250. It now formed a clear plateau pattern on the daily chart marking some major break in the Euro vs. Dollar struggle. Housing report for September showed a further downfall in this economics sector with the decrease in both housing […]

October 16
2007

Success Story of a Part Time Forex Trader

A new Forex article was added to my collection today. Hearing another success story of the Forex trader might as old to some people, as motivating to others. I think this one will be at least useful to many Forex traders. Experienced and professional Forex traders can say that part time Forex trading can’t be good and that it will always lack the “full market control and awareness”. Yes, I’d agree […]

October 15
2007

Street Smarts a Book About Short-Term Forex Strategies

A new Forex strategy e-book now can be downloaded from my site — this time it’s about many (really a lot) powerful short term strategies and the basic rules of trading Forex using such strategies. It even has a chapter on Wolfe Waves — one of my best trading method for Forex charts. But don’t expect to spend 20–30 minutes to read some strategy from this e-books and begin earning millions […]

October 14
2007

FXcast Announces Trading Competition

FXcast Forex broker announced a Forex traders competition which will be held on real accounts from the 1st till 30th of November with the best trader to receive $5,000 prize. Minimum account size for the competition is not high — just $250, but that will surely add more adrenaline for the participants and will make the whole event more exciting. On the other side — real accounts will stop some traders […]

October 13
2007

Forex Technical Analysis for 10/1510/19 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 1.3823 1.3919 1.4048 1.4144 1.4273 1.4369 1.4498 GBP/USD 2.0012 2.0128 2.0243 2.0359 2.0474 2.0590 2.0705 USD/JPY 116.03 116.41 117.01 117.39 117.99 118.37 118.97 EUR/JPY 161.24 162.69 164.71 166.16 […]

October 12
2007

Dollar Regains Positions After Mixed News

After yesterday’s EUR/USD high peaks dollar is showing a good trend today moving the EUR/USD pair back to below 1.4200 levels hitting bottom 1.4150 mark. That of course can be considered as an ongoing correction for the previous weeks growth of Euro, especially considering that there were too few good news for the U.S. economy on which the dollar growth could have been based. Monthly retails sales report […]