Blog – Page 334

August 8
2007

Automated Trading Championship from MetaQuotes Software

MetaQuotes Software Corp. conjointly with ODL Securities, Alpari, FXDD and Traders’ Magazine is starting its second annual Automated Trading Championship for Forex trading. In this contest traders compete not only in their trading skill, but in their programming skills. All orders and positions management is done by the competitors’ fully automated expert advisors for Metatrader 4 platform. This brings some new and original excitement compared […]

August 8
2007

EUR/USD To Break Above 1.3850?

After the Federal Open Market Committee released its statement yesterday EUR/USD remained on its positions until today’s early European session, which brought Euro to a rally behind the crucial 1.3800 mark. Will EUR/USD stay above it? Probably. Will EUR/USD break the 1.3850 resistance barrier to soar high to 1.4000 level? Less probably. Let’s look on the fundamentals.Yesterday a labor productivity data for the industrial sector came out lower […]

August 7
2007

FXDD Forex Trading Broker Since 2002

FXDD is a new broker which I added to Metatrader 4 Forex brokers and PayPal Forex brokers categories. It is present on the on-line Forex trading services market since 2002. But nevertheless it is still unregulated and is not registered with any major financial regulatory organization. With FXDD you can open mini Forex accounts with $500 and use either MT4 trading platform or their […]

August 5
2007

Technical Analysis for 8/68/10 Week

EUR/USD general trend: slightly bullish.GBP/USD general trend: slightly bullish.USD/JPY general trend: ranging.EUR/JPY general trend: slightly bullish. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3781 1.3525 1.3648 1.3734 1.3857 1.3943 1.4066 GBP/USD 2.0404 2.0068 2.0235 2.0347 2.0514 2.0626 2.0793 USD/JPY 119.83 116.49 117.26 118.38 119.15 […]

August 3
2007

EUR/USD Rallies on Bad U.S. Employment Data

Friday, as expected, showed us some real tough action in Forex EUR/USD pair with it hopping high to 1.3800. The first Fridays of the month are often like that — you have an almost flat week of dull trading and then some important news (employment market) come and the whole situation changes fast and completely unexpectedly.Nonfarm payrolls in July 2007 dropped 34k and came out at 92k level — opposed to 135k expected […]

August 2
2007

Top 25 Forex Bloggers on Currency Trading

My blog has been mentioned by Currency Trading web site as one of the top 25 blogs — number 3 to be exactly. I hope that this opinion is shared by mys visitors too. I am going to keep up with the current quality of this blog and site (www.earnforex.com) to provide the most important and interesting Forex trading information.

August 2
2007

Forex Calm Before the Friday Storm?

EUR/USD today continued going flat below 1.3700 mark unsure if Euro has enough power and U.S. economy has more holes to stop Bernanke from raising the rates before the Autumn comes. This day didn’t bring a lot of macroeconomic surprise to traders, but it had its important data.Initial jobless claims for the previous week in United States increased by as little as 4k and came out at 307k — still lower […]

August 1
2007

Carnival of Forex Trading August 1, 2007

Welcome to the August 1, 2007 edition of carnival of Forex trading: Jimmy Atkinson presents 13 Socially Responsible Careers in Finance posted at Forex Blog. Gerald Njuguna presents 7 Tips to Weed Out Fake Forex Brokers posted at Online Forex Trading Systems. The Smart Trader presents Do You Need Trading Rules? posted at Smart Trading For Profits, saying, “Trading Rules”

August 1
2007

Dollar Struggling Below 1.3700

Another day marked by U.S. dollar’s struggle to hold below the 1.3700 mark and get out of the bearish trend. EUR/USD is waiting for more bull power before turning back to rising or is just being corrected by some good yesterday’s economical news from United States.ISM reported on Manufacturing PMI in July disappointed many dollar bullish traders as it came out at 53.8%, below the 55.5% expected, showing some possible […]

July 31
2007

EUR/USD Can’t Stay Above 1.3700

After breaking back above the 1.3700 mark EUR/USD fell below this level as the economic releases on inflation and consumer confidence were released today. Struggling below this level, if continued, may precede the new bearish trend in EUR/USD, while rallying and staying above will mean a return to a long-lasting EUR/USD bull trend.Personal income and spending June numbers came out today close to the predicted values — 0.4% to 0.5% and 0.1% […]