Blog – Page 336

July 20
2007

EUR/USD New Maximums, Then What?

Today EUR/USD renewed its long term maximum once again — 1.3842 is the highest rate since the November 1995. The lack of important economical releases for this day didn’t stop EUR/USD bulls from holding Euro above the crucial 1.3800 mark. But how will EUR/USD behave in the near future? Will it go for 1.4000 and then for the new absolute historical maximums? Or will it just stuck in the 1.3800–1.3900 range […]

July 19
2007

Pip Forex Newbie Forex Broker

Iâve written about Pip Forex before, but since then it has changed a lot. Now I see it as a very easy introductory broker for the new traders that donât want to jump into complicated trading platform, tech analysis or anything thatâs beyond simple buy/sell logic. Its easy to use platform allows fast position handling which might also be useful for scalpers (Pip Forex doesnât […]

July 19
2007

Key Fundamental Forex Data from U.S.

A rich day for the economical news releases from United States was today. First, the weekly initial jobless claims data came out at the better than expected level showing only 301,000 claims for the previous week which signals the continued moderation of the U.S. unemployment rate. Second, the leading indicators came out unexpectedly low at -0.3%, while analysts were expecting a growth of 0.1%. Third, Philadelphia Federal Reserve manufacturing index […]

July 18
2007

Mixed Data from U.S. Again

Some more mixed data followed yesterday’s PPI and industrial production today. Their affect on EUR/USD could be noticed as it rallied to new decade maximum on 1.3832 and then returned back below the crucial 1.3800 mark. Consumer Price Index was released slightly better than consensus (0.2% against 0.1%, while it was quite low compared to previous 0.7% rise in June 2006). As for real estate sector — […]

July 17
2007

Day of Economical Releases and EUR/USD Calming

EUR/USD calmed a little today, not reaching 1.3800 level, as the majority of traders expected some important data from U.S. statistics. Data came out mixed, but generally better for dollar than for Euro.Producer Price Index in June this year showed a slight decline (-0.2%), while consensus was at +0.1%. PPI excluding food & energy to he contrary increased by 0.3% (0.2% expected). For the stock market main surprise […]

July 17
2007

Two e-gold Forex Brokers for Your Consideration

Today I am introducing two new e-gold Forex brokers to you — MFN and Neuimex. Although they are both accepting e-golde-currency for funding and cashing out, they are different brokers in many aspects. MFN offers its own trading platform and allows mini Forex accounts from $500 with a leverage up to 1:400, while Neuimex offers a platform based on Metatrader 4 with the minimum account size of $2,500 and no […]

July 16
2007

Major Update on Forex Brokers!

A major update was brought to Forex brokers section today. The information was enhanced and restructured in order to be more useful to the visitors and at the same time — more organized, to let the advanced traders find brokers with unique features easily. Here is list of main new features: PayPal Forex brokers section added. Forex brokers reviews added — read others’ reviews and write your own reviews! Forex broker rating […]

July 14
2007

EUR/USD Technical Analysis for the 7/16-7/20 Week

General trend: ranging or slightly bullish. Floor Pivot Points: 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.3429 1.3512 1.3647 1.3730 1.3865 1.3948 1.4083 Woodie’s Pivot Points: 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.525 1.3673 1.3743 1.3891 1.3961 Camarilla Pivot Points: 4th Sup 3rd Sup 2nd Sup […]

July 13
2007

New Article About Forex Brokers

David Thorpe — a Forex author which already has been publishing on this site before introduces his new article. In this article David discusses trader-broker relationship model in Forex trading and gives some valuable advices for the traders who have problems with their current broker or haven’t yet decided which one to choose for a variety of Forex brokers available: Are Forex Brokers The Antichrist or is Broker-Bashing one Gigantic […]

July 13
2007

U.S. Consumer Sentiments at Highs While Dollar at Lows

Today the preliminary consumers sentiment index (by University of Michigan) came out showing surprisingly good results — 92.4 against 86.0 expected — a historically high level of consumers confidence which indicates an uptrend the economy of United States. While consumer sentiment index is at its highest levels, dollar is suffering a continuous EUR/USD rally which showed a new maximum (for more than ten years period) at 1.3813 level today. Perhaps, […]