Breaking News
March 25
2009

Dollar Loses to Euro Moderately after Good Fundamental News

EUR/USD rose today for the first time in four days as the U.S. fundamental news came out better than expected and spurred optimism in the Forex and stocks traders. At this moment EUR/USD is trading near 1.3549 after reaching as low as 1.3417 earlier today. Durable goods orders increased by 3.4% in February after the revised decline by 7.3% in January (revised down from -5.2%). The market analysts […]

Read more
March 25
2009

China Wants “Super-Currency” for Reserves

China’s calls for creation of the super-national currency specifically for the global foreign exchange reserves state not only the Chinese point of view that the dollar is going to depreciate in the long-term perspective but also that China is going to play a major role in the process of creation of the new global financial structure. After the U.S. dollar fell at a fastest pace in its history against the […]

Read more
March 24
2009

4XP (Forex Place) — My Newest Forex Broker

4XP (or Forex Place) is the latest addition to the list of the Forex brokers on my site. It’s the MetaTrader 4 Forex broker registered in British Virgin Islands and only recently went on-line with its services. 4XP’s highlights: Moneybookers, Neteller and EcoCard for deposits and withdrawals 3 pips spread for EUR/USD Traders’ courses Muslim-friendly accounts CFD trading 1:300 leverage $100 minimum account size

Read more
March 24
2009

Yen Drops on Toxic Assets Disposal

The Japanese yen declined against the other major currencies today as the Forex traders speculated that the U.S. plan to buy out the toxic assets is going to hurt the «safe haven» currencies, spurring the risk-hungry carry trade. During the early Asian trading session the U.S. dollar was also bearish against the euro and the pound as the investors dumped […]

Read more
March 23
2009

Tamley Global Markets — Forex Broker with Advanced Custom Trading Platform

Tamley Global Markets is a Forex broker that was added to my site today. It’s an Irish broker with the custom advanced trading platform that is capable of running several types of expert advisors and can easily automate your trading systems. It went on-line in 2007 and is regulated by Financial Services Authority of United Kingdom. TGM’s highlights: Advanced trading platform Extensive expert advisors capabilities $500 minimum account size Leverage from 1:100 to 1:400 […]

Read more
March 23
2009

Dollar Vulnerable on Bank Help Plans

The dollar continued its decline against the euro and the pound today as the currency traders believe that the bank help plans by the U.S. administration will boost the demand for the high-yielding assets, including the currencies with higher interest rates. The  U. S. currency wasn’t alone in its depreciation today, the yen declined as well, as its safety became less attractive […]

Read more
March 22
2009

Plus500 — New Forex Broker with Bonuses

I added a new Forex broker’s description to the site today — Plus500 — a rather new on-line broker, which is currently offering big bonus incentives for the real account traders. It offers $20 as free bonus (can’t be withdrawn until certain amount of lots is traded) on an account opening and also up to 30% on your first deposit (upon trading a certain amount of lots). Other Plus500’s highlights: Custom trading platform PayPal deposit option CFDs, indexes […]

Read more
March 21
2009

Forex Technical Analysis for 03/23—03/27 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2149 1.2498 1.3039 1.3388 1.3929 1.4278 1.4819 GBP/USD 1.3286 1.3574 1.4019 1.4307 1.4752 1.5040 1.5485 USD/JPY 87.91 90.72 93.33 96.14 98.75 101.56 104.17 EUR/JPY 122.93 […]

Read more
March 20
2009

MT4 Indicators Update

I have updated the MT4 indicators section of the site. Each indicator now gets a separate page with the detailed description of the indicator, the explanation for each of its input parameters, the screenshot of the with the attached indicator, and the basic trading system that can be used with this indicator. They can also be downloaded in both .mq4 and .zip files from those pages. I hope this will help a lot of Forex traders who were unable to use those […]

Read more
March 20
2009

Dollar Ready to Post Worst Week vs. Euro

The U.S. dollar is currently heading for its worst week against the single European currency since the inception of euro on the market’s prolonged reaction to the Fed’s pledge to increase dollar liquidity. The dollar is currently ready to renew its more than 2-month low against the euro, which was set yesterday. The spree of bullish days on EUR/USD lasts for 9 days already and the Forex […]

Read more