Blog – Page 342

June 8
2007

EUR/USD at Two Months Low

U.S. dollar rallied to its two months low at 1.3320 today. Surprisingly the United States Trade Balance Deficit for April 2007 was reported almost 5 billion dollars lower than predicted $58.5 billion, whereas March Trade Balance Deficit was revised to $62.4 billion (almost a billion lower than previous value). Trade Balance Deficit tightening was caused by both lower import and higher export which […]

June 7
2007

New e-gold Broker Ava FX

Today I am introducing a new Forex broker that allows e-gold deposits (not only, also PayPal, Western Union, credit card and Wire Transfer) — Ava FX. It doesn’t support Metatrader platform but it provides traders with its own platform that is claimed to be very easy to use. Good thing about this broker is that it offers bonus on client’s deposits — $50 […]

June 7
2007

Focus of the Day: BoE Rates and U.S. Jobless Claims

Bank of England voted to maintain its Bank Rate (interest rate) at 5.50% level — unchanged. It wasn’t a surprise for Forex traders, but there was a slight possibility of interest rate hike from the BoE, so results are more bearish for the pound. From the United States the Initial Jobless Claims data for the previous week came — 309,000 against 315,00 expected — good result which moved EUR/USD back below 1.3450 […]

June 6
2007

Finexo Forex Broker

Finexo — interesting broker that provides Forex, stocks, futures and metals trading accounts. You can trade either through their full stand-alone trading platform or through web based terminal, which allows trading from practically anywhere. Mini Forex trading is also available with the minimum account size of $100, but you’ll need to deposit it via credit card since neither e-gold nor any […]

June 6
2007

New Payment Options on Marketiva

Marketiva Forex broker now accepts WebMoney and E-Dinar web currencies as the payment options. This is a very wise step from their management team, since WebMoney is the most popular e-currency in Russia (with many potential Forex traders) and E-Dinar is a promising e-currency with a great potential in the Middle East and Asia.

June 6
2007

EUR/USD Unsure After ECB Speaks

Today on 13:30 (UTC) ECB statement was released as the interest rates in the Eurozone were increased by 0.25% to 4.00% as expected. Jean-Claude Trichet spoke about current and expected situations in European economy and the main lines can be concluded in the following: economy is growing at a fast pace (better than expected), while inflation remains strong (because of oil prices) and the price index will be in ECB main view. This can lead […]

June 5
2007

FXcast — e-gold Forex Broker with MetaTrader 4 Platform

Another e-gold Forex broker with a low minimum account ($1) and e-gold deposit option added to Forex brokers list. FXcast — a quite new broker in the on-line market. It also supports MetaTrader platform (for accounts starting from $100) and a very high margin leverage (up to 1:400). One of the major drawbacks of this broker is that it is completely unregulated. But still — good choice for the new Forex traders […]

June 5
2007

EUR/USD Surprising Peak

Forex market today brought another surprise to the traders as the USD unexpectedly fell to 3 weeks low on mixed data from Eurozone. While some major macroeconomic indicators failed to show any good data for the Eurozone, EUR/USD reached 1.3553. Although it’s rolled back pretty fast, EUR/USD is still traded above 1.3500 (which was a strong resistance level and now is a support level). ISM Services index […]

June 4
2007

Dukascopy Forex Broker

Welcome a new ECN Forex broker aboard — Dukascopy. It is one of the most notable Forex broker, but it is generally unknown to common retail Forex traders because of its extremely high minimum account — $50,000. One of the greatest advantages Dukascopy clients get for such high requirements is the ability to trade in their Swiss FX Marketpalce — a ECN of brokers, banks and large retail traders with high liquidity […]

June 4
2007

Tough Times for USD

Today were not the best times for USD bulls as the Factory Orders indicator increased only by 0.3% (against 0.6% expected). Low growth of manufacturing orders means a slower growth of overall economy, while U.S. economy is already slow as a turtle with 2007 GDP estimated at around 1%. Such bad macroeconomic data will push EUR/USD up, even if technical analysis will cry for a correction. On the other side, […]