Breaking News
March 19
2009

EUR/USD Continues Way Up on Yesterday News

EUR/USD continued its seemingly unstoppable growth today after the Federal Reserve pledged to buy the U.S. treasuries with the printed money yesterday. The fundamental releases were quite mixed today and couldn’t affect the dollar’s fate. EUR/USD is now trading near 1.3698. Initial jobless claims were at 646k last week — down from 658k reported for a previous week and better than 655k […]

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March 19
2009

Euro Declines in Correction Following Rally

The euro fell against the dollar and the yen today following the yesterday’s unprecedented rally as the market participant speculate that ECB will have to follow Fed’s money-printing trend. The European currency rallied yesterday against the U.S. dollar after the Federal Reserve pledged to buy $300 billion in the U. S. Treasury securities, technically stating that it will print those money. The euro advanced by more […]

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March 18
2009

EUR/USD Shoots Up as Fed Will Have to Print Money

EUR/USD posted one of its biggest daily gains in history today as the FOMC’s press release stated that the Federal Reserve will have to buy the long-term U. S. Treasury securities worth of $300 billion and it means that the money will be printed. The perspective of the increased amount of dollars pushed dollar down on Forex and it lost more than 3% today. EUR/USD is currently trading near 1.3441. Consumer Price […]

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March 18
2009

Pound Declines before Employment Report

The Great Britain pound declined against the other major currencies today on speculations that the employment report that is scheduled for the release today will show that the situation with labor market is worsening. Despite the continued gains on the global stock markets and the elevated interest for the high-yielding assets, the pound sterling fell for the first day […]

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March 17
2009

Aussie Rises to New Monthly Maximums

The Australian dollar reached the new monthly maximum the Japanese yen as the stock markets signaled growth for a third day on improved earnings of the banks. The currency experienced a minor decline during the day as the markets reacted on the RBA minutes stating the necessity of the further interest rate cuts. But then the growth followed. The Aussie also fell against […]

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March 17
2009

EUR/USD Declines for the First Day in 6 after Housing Improves in U.S.

EUR/USD unexpectedly declined for the first day in six after the housing report that was released in U.S. today showed that the American economy will probably be one of the first to recover from the crisis. The euro declined against the dollar in spite of the PPI report that disappointed the USD bulls. EUR/USD is now trading near 1.2954. Building permits were at a seasonally […]

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March 16
2009

EUR/USD Grows on Declining Demand for U.S. Treasuries

EUR/USD went up today for a fifth day in a row after a strong weekly negative gap. The fundamental statistics that was released in U.S. today was extremely negative both for dollar and the global economy. EUR/USD now trades near 1.3003 after reaching as high as 1.3070 today. NY Empire State manufacturing index fell to a new record low this March and is now at -38.2, below the February’s -34.65 and the […]

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March 16
2009

Japanese Yen Falls for Third Day against Euro

The yen declined for the third day in a row against the dollar, the euro and the pound today as the Bank of Japan decided to buy the government debt and the stock markets rose during the Asian trading session. The G20 meeting resulted in a pledge to a collective easing of the monetary policy and fiscal stimulating of the economies to recover from the ongoing crisis. The […]

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March 15
2009

VPS Hosting that Helps the Forex Traders

I’ve already written about VPS hosting and how it can help the Forex traders. Now I’ve added a separate section on the site that is dedicated solely to the VPS hosting from the view of the average trader. You’ll find the detailed descriptions of various VPS providers, you will be able to compare their prices, features and limitations, read the reviews by other traders, write your own reviews […]

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March 14
2009

Forex Technical Analysis for 03/16—03/20 Week

EUR/USD trend: sell. GBP/USD trend: hold. 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 1.2267 1.2411 1.2669 1.2813 1.3071 1.3215 1.3473 GBP/USD 1.3184 1.3418 1.3711 1.3945 1.4238 1.4472 1.4765 USD/JPY 92.48 94.06 96.01 97.59 99.54 101.12 103.07 EUR/JPY 117.74 […]

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