Blog – Page 331

September 23
2007

Forex Technical Analysis for 09/2409/28 Week

EUR/USD trend: buy.GBP/USD trend: buy.USD/JPY trend: hold.EUR/JPY trend: buy. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3615 1.3722 1.3906 1.4013 1.4197 1.4304 1.4488 GBP/USD 1.9648 1.9764 1.9982 2.0098 2.0316 2.0432 2.0650 USD/JPY 111.80 112.88 114.20 115.28 116.60 117.68 119.00 EUR/JPY 156.05 157.42 160.09 161.46 […]

September 23
2007

Hedging Strategies in Forex Trading

Today I am presenting a new article about Forex trading — 100% Hedging Strategies. As the title suggests the whole article is dedicated to earning money on Forex via hedging different currency pairs and different interest rates. Author Yannis Karamanakis gives a simple list of steps needed to perform a successful hedging trading on Forex market.

September 15
2007

Forex Technical Analysis for 09/1709/21 Week

EUR/USD trend: buy.GBP/USD trend: hold.USD/JPY trend: sell.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3623 1.3695 1.3784 1.3856 1.3945 1.4017 1.4106 GBP/USD 1.9654 1.9854 1.9964 2.0164 2.0274 2.0474 2.0584 USD/JPY 110.56 111.57 113.47 114.48 116.38 117.39 119.29 EUR/JPY 151.29 153.21 156.63 158.55 […]

September 14
2007

Dollar Strengthens on Average Economic Data

EUR/USD is closing below 1.3900 level after a major rally earlier this week. The main driver for the growth were the market expectations for the FOMC to lower the interest rates by at least 0.25% next week, while last two days’ correction can be a reflections of some less confident traders, that are sure that if FOMC won’t lower rates or will stay with 0.25% decrease for a longer period, then […]

September 13
2007

EUR/USD Stagnating After $116.9B U.S. Budget Deficit

This week EUR/USD rallied to the new historically high levels breaking above 1.3900 level (and staying there for some time). Possible rate cuts series in the nearest future by Fed caused this dollar fall. Almost 75% of expert currency trading analysts questioned about Fed’s decision on 18th of September are sure that Fed will cut rates at least by 0.25%. Many expect 1.00% by the end of 2007. This heats […]

September 12
2007

Daily Fozzy Method E-Book by Michael Dunbar

A new e-book is now available for download from my site — it is called “The Daily Fozzy Method” (written by Michel Dunbar from http://www.forex-rewards.com). It describes a Forex trading strategy based on D1 timeframe with RSI, ATR and 28-EMA indicators. It is very simple to follow with the entry and exit techniques thoroughly described in this e-books. A good starting strategy e-book for the new traders that wish to trade on daily […]

September 8
2007

Forex Technical Analysis for 09/1009/14 Week

EUR/USD trend: buy.GBP/USD trend: buy.USD/JPY trend: sell.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3735 1.3458 1.3612 1.3705 1.3859 1.3952 1.4106 GBP/USD 2.0256 1.9937 2.0111 2.0218 2.0392 2.0499 2.0673 USD/JPY 117.41 110.98 112.18 114.33 115.53 117.68 118.88 EUR/JPY 159.36 153.87 155.00 156.83 […]

September 7
2007

Nonfarm Payrolls Drop in August

EUR/USD spiked high almost reaching 1.3800 level as the U.S. nonfarm payrolls for the August decreased by 4,000. Nonfarm payrolls is one of the most important measures for the employment market of the United States, which in its turn serves as the indicator of the economy health. A fall by 4k is the lowest monthly value since 2003. This is certainly a bad sign for the overall U.S. economy, which will be (and already was) treated by the financial markets […]

September 6
2007

Better than Average Data from U.S. Pushes EUR/USD Above 1.3700

This is a bit confusing situation for the financial markets, since the good economical data from United States should empower USD causing EUR/USD to fall, but today good data on labor productivity and ISM services index caused EUR/USD to soar. This can be explained by the increased optimism in the U.S. economy which causes more big traders to continue carry trading, during which USD is in a downtrend. U.S. crude […]

September 4
2007

Euro Recovers Against USD After ISM PMI and Construction Spending

EUR/USD regained part of its losses, received earlier this day and yesterday, after some important but not encouraging data from United States. EUR/USD is still in the flat zone (speaking in long terms), but some strong intraday volatility hints for possible breakout with the direction still unknown. PMI index by Institute for Supply Management (ISM) was reported today and came out by 0.1 point lower than […]