Breaking News
March 31
2009

EUR/USD Slows Down but Still Up After Consumer and Manufacturing Confidence Reports

EUR/USD rose today in a correction movement after three days of declining. Dollar was hurt by the unexpectedly revived interest in the stock markets and even the not-so-good reports released today couldn’t make euro to fall against it. EUR/USD is now trading near 1.3238. Consumer confidence index rose from 25.3 to 26 in March — lower than the traders have expected (27). Chicago PMI index went down from […]

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March 31
2009

Yen Heads for Biggest Quarterly Loss in Years

The Japanese yen declined today against the other major currencies as the stock markets corrected after the yesterday’s fall and the yen became too overbought. The traders also expect a worst in 30 years business confidence index to be reported by the Bank of Japan tomorrow. The yen is currently losing largely against the euro as the market participant believe that the European Central Bank will […]

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March 30
2009

ellict — Another Indonesian VPS

ellict is the Indonesian MetaTrader VPS hosting company active on-line since 2007. I added to the list of VPS providers on my site today. It provides pre-installed MetaTrader platforms for any Forex broker you choose and doesn’t limit your monthly bandwidth for the platform. It’s also very cheap — just $32.50/month. Other ellict’s highlights include: Pay via PayPal, WebMoney and Liberty Reserve $5.50 for a 1 week trial period […]

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March 30
2009

Yen Gains as World Economy Outlook Worsens

The Japanese yen rose against all other major currencies today as the traders reacted on the possible bankruptcy of the U.S. automakers and the global optimism for the emerging stock markets and the high-yielding currencies declined. The yen rose to the highest level in a week against the U.S. dollar and the 2-week maximum against the euro as the Asian stock markets […]

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March 29
2009

JFOC Network Solutions — VPS Hosting Update

JFOC is the first VPS hosting provider which description has been added to my site since I created a special section for the MetaTrader VPS hosting companies. JFOC is an Indonesian hosting company, which provides servers in the United States. JFOC’s highlights include: Unix-based OS on the servers PayPal as a payment system Starter’s plan from $38 Additional fees for domain or a dedicated IP address No pre-installed MT4

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March 28
2009

Forex Technical Analysis for 03/30—04/03 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2638 1.2947 1.3117 1.3426 1.3596 1.3905 1.4075 GBP/USD 1.3620 1.3943 1.4130 1.4453 1.4640 1.4963 1.5150 USD/JPY 92.82 94.23 96.04 97.45 99.26 100.67 102.48 EUR/JPY 123.00 […]

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March 27
2009

EUR/USD Drops Extraordinarily Fast, Fundamental News Don’t Change Anything

EUR/USD fell very deep today, mostly before any fundamental news from the U.S. were released, as the pessimism on the global stock markets mirrored itself onto the Forex market. The currency pair is now trading near 1.3311. Personal income fell by 0.2% in February in U.S., following 0.2% growth in January (revised down from 0.4%) and coming out slightly worst than the […]

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March 27
2009

Ringgit Rises to New Monthly High

The Malaysian ringgit reached its monthly high today on the traders’ speculations that the demand for the emerging markets’ assets will increase as the recession eases. The emerging stock markets in the Asian region continue to rise and such currencies as the Malaysia’s ringgit and the Korea’s won are posting one of the longest gaining streak in their recent history. The stimuli from and […]

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March 26
2009

EUR/USD Up Slightly after Final Q4 U.S. GDP Report

Euro traded slightly stronger against the dollar today before and after the reports that only confirmed that the U.S. is still in recession. EUR/USD is currently trading near 1.3591. Initial jobless claims rose from 644k to 652k last week, while they were expected to go up only to 650k. Final Q4 GDP report showed a revised decline of 6.3% (compared to 6.2% preliminary report). The economic analysts […]

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March 26
2009

Korean Won Grows on Dollar’s Decline

The South Korean won, which is the outsider among the Asian currencies in the current year, rose to near the 2-month high against the U.S. dollar today as the latter declined on the lower risk-aversion mood of the currency market. The inflow of the investors’ foreign currency into the Korean stock market allowed the domestic banking institutions and exporters to fulfill their demand […]

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