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April 11
2009

Forex Technical Analysis for 04/13—04/17 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2497 1.2793 1.2990 1.3286 1.3483 1.3779 1.3977 GBP/USD 1.4132 1.4356 1.4511 1.4734 1.4889 1.5113 1.5268 USD/JPY 97.09 98.20 99.22 100.33 101.34 102.45 103.47 EUR/JPY 123.18 […]

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April 10
2009

Dollar Appreciates on Better Economic News

The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy is soon to leave its recession period arise. The dollar grew against the euro and the British pound today, while being almost unchanged versus the Japanese yen. Yesterday, after the fundamental indicator news were released along with some corporate reports, […]

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April 10
2009

The Way to Trade Forex by Jay Lakhani

Jay Lakhani is a successful Forex and stock trader with a great experience as a mentor for the newbie Forex traders. He believes that the trader’s psychology and the money management basics should receive much more attention during the learning process than the usual market theory. His book «The Way to Trade Forex» is a good starter’s choice for the unexperienced Forex traders as it may put the […]

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April 9
2009

Euro Posts Small Gain as Economic Conditions Improve

EUR/USD is currently trading with a small daily gain after a rather weird volatility demonstrated yesterday (it posted long spikes both up and down but closed near the open level). The  U. S. fundamental released are quite optimistic. Although they should benefit U.S. currency more, the whole risk-aversion decrease favors such currencies as the euro more than such as the dollar. EUR/USD is now […]

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April 9
2009

Won Once Again Leads in Gain in Asia

The Korean won advanced at a fastest pace among the most-traded Asian currencies today as the risk-aversion that prevailed earlier this week ended unexpectedly and the outlooks for the Asian emerging economies improved. The South Korean currency gained also because the government managed to sell successfully $3 billion worth of the global bonds, which would allow it to hold down the demand for […]

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April 8
2009

Yen and Dollar Continue Their Advancement

Both the U.S. dollar and the Japanese yen continued their growth on the Forex market today as the yesterday’s stock trading sessions were negative and today’s Asian session ended in the red zone. The dollar rose against the euro for the third day today and declined against the yen for the second one as the Japanese currency still remains the unquestionable […]

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April 8
2009

Dollar Grows against Euro for Third Day

EUR/USD is falling for the third day today. It’s currently in the red zone but the most of the daily fall is in the past — in a form of a rather long downward spike. Traders expressed almost no reaction to the today’s U.S. fundamental news. EUR/USD is currently trading near 1.3229. Wholesale inventories were down by 1.5% in February compared to January’s level. A 0.7% decline was reported a month ago. Market participants expected a 0.6% […]

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April 7
2009

Trailing Stop in MetaTrader 4

Trailing stop allows you to automatically protect the profits with your positions. It adjusts itself according to the current market rate and the amount of pips you give it to trail behind. Trailing stop is a great tool for the conservative and long term traders as it easily creates protective «airbag» for the trades. There are two basic ways to set the trailing stop in your MetaTrader 4 platform — use the built-in tool and attach a special EA that will apply a single […]

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April 7
2009

Japanese Yen Performs on Stocks Slump

The Japanese currency rose from the local bottom levels against all other major currencies today after the stock markets fell yesterday and the outlook for today’s sessions remain bearish. The rally of the high-interest currencies was supported mainly by the growth in the developed and emerging stock markets that was clearly visible during the last two weeks. As the optimism […]

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April 6
2009

LiteForex Announces Special Promotion for Certain Countries

LiteForex broker announced a promotion campaign for the Forex traders from the following list of countries: U.S., Nigeria, Brazil, Thailand, Malaysia, Indonesia and Russia. Anyone who opens account between the April 1st to June 30th, makes his first deposit and applies for participation in the campaign will receive 10% bonus on their deposit (up to $10,000). The profit from the trading with this […]

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