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February 8
2009

WSD — New Zealand MT4 Forex Broker

WSD (or WSD Global Markets) is the on-line Forex broker based in New Zealand. WSD offers Forex, CFD, futures, options and oil trading services on-line since 2006. It features the MetaTrader 4 trading platform for all types of trading. To start trading with this broker you’ll have to open an account with at least $1,000 and send the signed documents via the postal mail during the process. […]

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February 7
2009

Forex Technical Analysis for 02/09—02/13 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 1.2449 1.2578 1.2758 1.2887 1.3067 1.3196 1.3376 GBP/USD 1.3486 1.3769 1.4277 1.4560 1.5068 1.5351 1.5859 USD/JPY 85.91 87.25 89.56 90.90 93.21 94.55 96.86 EUR/JPY 112.92 […]

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February 6
2009

EUR/USD Rallies after Nonfarm Payrolls Report

EUR/USD currency pair posted an unexpected growth today as the U.S. economy reported an even faster decline in the nonfarm jobs and the unemployment rate exceeded the pessimistic forecasts. EUR/USD is now trading near 1.2941. Nonfarm payrolls fell by 598k in January after falling by 577k in December (revised down from the decline by 524k). The decline in the nonfarm payrolls was expected to be near 540k. The […]

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February 6
2009

AUD Grows on Possible Rate Bottom

The Australian dollar is currently heading for a first weekly gain against the U.S. dollar this year as the traders believe that the bottom in the interest rates is near and the country’s economy will begin recovering soon with the help of the government’s stimuli. The Aussie grew for a third day in a week after the Reserve Bank of Australia signaled that the fiscal measures combined […]

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February 5
2009

New Zealand Dollar Corrects vs. All Majors

The New Zealand dollar went up against all other major currencies today as the country’s jobless report wasn’t as bad as some traders expected and the kiwi needed to correct after some of its greatest losses. The report regarding the unemployment rate in the fourth quarter in New Zealand was released late yesterday at 21:45 GMT. It showed that the unemployment rate climbed to 4.6 percent from 4.2 percent, while some […]

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February 5
2009

Dollar Trades Almost Without Change against Euro

Despite the large drops in the employment and the factory orders in the United States, the U.S. dollar stood still against the euro today. Although, there were medium intraday spikes in both directions, the EUR/USD is currently trading close to its opening level — near 1.2856. Initial jobless claims were at 626k last week — up from 591k a week earlier and above the consensus […]

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February 4
2009

Indian Rupee Gains on Global Optimism

The Indian rupee rose at the fastest pace in a week today as the revival of the global stock markets restored the optimism of the traders that the foreign investors will return to Indian, buying the local assets with the local currency. The involvement of the foreign investors into the Indian stock exchange during the last trading session exceeded the presence detected during […]

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February 4
2009

EUR/USD Declines on Some Mixed News from U.S.

EUR/USD fell today as some bad and some good news regarding the state of the economy were released in the United States. EUR/USD is currently trading near 1.2888 after reaching as low as 1.2812 earlier today. ADP Employment report showed that the private nonfarm employment declined by 522k job places in January, following a decline by 659k in December (revised upwardly from 693k decline). The market analysts expected […]

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February 3
2009

Australian Dollar Grows after Rate Cut

The Australian dollar gained today against the other currencies on the Forex market after the country’s central bank cut the interest rate to the lowest level in decades and the government announced a stimulus package for the economy. The Reserve Bank of Australia decreased the policy interest rate from 4.25 percent to 3.25 percent today — the lowest level since 1964. In addition, the government announced […]

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February 3
2009

5/13/62 Forex Trading Strategy by Rob Booker

The short Forex ebook that was uploaded on my site today is 5/13/62 strategy description written by one of the most famous Forex gurus of our time — Rob Booker. The strategy is based on the three EMAs (exponential moving averages) with periods — 5, 13 and 62. The first half of the book is dedicated to the self-disciple and Rob states that its the basement of the offered strategy — without the safe-discipline […]

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