Breaking News
April 16
2009

Pound Surges as Confidence Grows in Financial Markets

The increasing confidence in Prime Minister Gordon Brown helped the pound to rally to $1.50 for the first time in three months. The pound sterling has been showing a significant rise against major currencies since the beginning of the year, if compared to the USD, it has strengthened 2.6%, and more than 8% against the euro. Polls in the United Kingdom show that the Prime Minister’s party, for […]

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April 16
2009

EUR/USD Forms a Doji Pattern

EUR/USD traded both down and up during today’s Forex session. The  U. S. fundamental reports didn’t bother the Forex market much; it just continued to move with the current risk-averting trend. EUR/USD is now trading near 1.3204. Building permits in U.S. were at a seasonally adjusted annual rate of 513k in March — down from 564k (revised up from 547k) in February. Housing starts were at 510k compared to 572k (revised down […]

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April 15
2009

Currency Options Show Strongest Sentiment for GBP in 4 Years

Great Britain pound traders’ optimism, suggested by the currency options market, indicate that a strong bullish sentiment against the euro is currently active on the Forex market. For a period of more than 3 years, the euro remained in advantage against the pound in the currency options market. This tendency has been reversed, as traders are now paying 0.25 percentage-point for one-week call options […]

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April 15
2009

U.S. Economy Reports Push Down the Australian and NZ Dollar

The Aussie and the kiwi lost ground against major currencies as producer prices and retail sales fell in the United States, changing the speculations about the global crisis that «the worst is behind us». The world’s largest semiconductor company, Intel, reported less significant earnings in their first quarter results as the S&P 500 Index fell by 0.7%. These results destroyed the rumors […]

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April 15
2009

EUR/USD Falls for 2nd Day as News Extend Recession Expectations

EUR/USD continued to trade in the negative zone today before and after the major fundamental reports in U.S. All reports showed either recession-signaling factors for the U.S. and the world’s economy or the purely U.S. dollar friendly values. EUR/USD is now trading near 1.3186. CPI (Consumer Price Index) fell by 0.1% in March after rising by 0.4% in February. It was expected to go up by 0.1% in March. Empire […]

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April 14
2009

Euro Down as Dollar is Sought After Bad Fundamental Reports

EUR/USD declined for the first time since Thursday today before the fundamental reports from the U.S. showed that the American economy is still quite weak and isn’t yet recovering from the recession. The currency pair is currently trading near 1.3265. PPI (Producer Price Index) decreased by 1.2% in March, following 0.1% gain in February. The analysts expected it to remain unchanged last month. […]

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April 14
2009

Yen Grows as Stocks Fall in Japan

The decline in the Japanese stock market spurred a wave of growth for the Japanese yen today as the investors still unsure whether the recession trends are over or not yet. The yen rose against all major currencies, while the dollar advanced against the high-yielders only (remaining stable against the British pound, which is no longer a risk currency). While the corporate reports […]

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April 13
2009

New Broker for the List — Wall Street Brokers

Wall Street Brokers is the new on-line Forex brokerage company that was added to the Forex broker list on my site today. It’s a somewhat strange broker that is registered in the United States but isn’t regulated by any institution there. It went on-line in 2008. Other highlights of this broker: Forex, CFD, gold, silver, oil and futures trading Credit card, Moneybookers or wire transfer for deposits and withdrawals […]

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April 13
2009

Aussie and Kiwi Gain as Risks Decrease

The currencies of Australia and New Zealand advanced against the Japanese yen and the U.S. dollar on the Forex market today as the traders clearly favored risk-ridden high-yielding assets despite the mixed stock trading session results in Asia. The growth of the high-yielding currencies was spurred mainly by the decline of the Japanese yen, which was clearly overbought during the last week. […]

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April 12
2009

Not So Squeezy Trading Manual and Indicators Package

Today I uploaded a trading strategy manual and the corresponding MetaTrader indicators for the Not So Squeezy Forex strategy. The manual is a 21-page long ebook that describes the method of the strategy and the indicators that are required for it. It’s not a very complex strategy and I can even recommend it for the newbies traders. The indicators package consists of the the required indicators plus […]

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