Breaking News
March 5
2009

EUR/USD Down After ECB Slashes Rate and Mixed Reports Come out in U.S.

Euro traded below its opening level against the U.S. dollar today as the fundamental reports in the United States were bad enough to raise the risk-aversion, but not bad enough to press on the greenback. In addition, the European Central Bank cut the interest rate from 2% to 1.5%, signaling that the further reductions are still possible. EUR/USD is now trading at 1.2536. Nonfarm business […]

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March 5
2009

Indian Rupee Approaches Recent Record-Low

The Indian rupee declined against the U.S. dollar today, almost reaching a new record-low level, as the domestic companies converted to dollars in order to pay for the imported goods. Although, the risk-aversion level is quite moderate in the global markets today, the rupee falls as the Indian economy faces much greater risks among the other emerging countries. The drop in the dollar-denominated exports […]

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March 4
2009

EUR/USD Grows after 3 Days of Decline and Bad Macroeconomic Reports from U.S.

EUR/USD rose today for the first time in the last four days. All three important macroeconomic reports that were released today in the United States showed that the world’s biggest economy is still quite far from leaving the global financial crisis behind. EUR/USD is trading near 1.2606 now. ADP employment report for February showed a decrease by 679k jobs in that month, following 522k […]

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March 4
2009

Dollar Up on Deeper Financial Turmoil

The U.S. dollar rose against the the Japanese yen and the Australian dollar today as the investors sought the safety for their funds after the yesterday’s optimism vanished on the bad report for the Australian fourth quarter GDP change. The dollar went up against the yen for the second day today and also gained for the fourth day against […]

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March 3
2009

EUR/USD Fell on Growing U.S. Income and Spending

EUR/USD fell yesterday after the reports on the growing personal income and spending showed that the U.S. consumers may help the country’s economy to recover faster from the crisis. The declining construction spending failed to move the dollar down against the euro yesterday. The currency pair ended its trading at 1.2560 after opening at 1.2618. Personal income rose by 0.4% in January after contracting […]

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March 3
2009

Aussie Rises as RBA Leaves Rate Unchanged

The Australian dollar went up against all other major currencies today after the country’s central bank decided to leave the policy interest rate unchanged, unexpectedly stopping its most aggressive rate-cutting streak. The Reserve Bank of Australia left the rate unchanged at 3.25 percent today for the first time in seven month, stating that the record low interest rates and the government’s spending are […]

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March 2
2009

EUR Fell as Eastern Europe May Not Get Help

The single European currency declined with a rather strong gap against the U.S. dollar and the Japanese yen today as the leaders of the developed Eurozone countries said that the Eastern European banks will not receive any financial aid. The bank-devastating crisis is pressing hard on the European countries that haven’t adopted the euro yet, pushing down their currencies. The banks […]

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March 1
2009

Forex Technical Analysis for 03/01—03/05 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.2129 1.2366 1.2517 1.2754 1.2905 1.3142 1.3293 GBP/USD 1.3508 1.3808 1.4059 1.4359 1.4610 1.4910 1.5161 USD/JPY 88.02 90.38 93.98 96.34 99.94 102.30 105.90 EUR/JPY 112.75 […]

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February 21
2009

Forex Technical Analysis for 02/23—02/27 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2233 1.2374 1.2600 1.2741 1.2967 1.3108 1.3334 GBP/USD 1.3795 1.3943 1.4187 1.4335 1.4579 1.4727 1.4971 USD/JPY 88.64 90.02 91.68 93.06 94.72 96.10 97.76 EUR/JPY 112.09 […]

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February 20
2009

New Format Forex Broker Lists and Descriptions

I’ve decided to update the Forex broker list on my site and ended up changing the whole system. With more than 110 brokers on the list, with the majority of them being MT4 and with support of CFD trading, the old category pages were loading for too long. Now the category lists are just the filtered versions of the classic Forex broker table (which is also sortable, […]

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