Breaking News
January 28
2009

EUR/USD Tumbles after FOMC Meeting

EUR/USD showed some really promising growth earlier today. The optimistic mood at the financial markets was based on the FOMC meeting’s expectations and the expectations that the «bad bank» plan will be approved soon. The Federal Reserve meeting showed that the committee is still sees the U.S. economic conditions as deteriorating. EUR/USD is currently down to 1.3125 — down from 1.3225 level. where it traded right […]

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January 27
2009

TeleTRADE — Russian Forex and CFD Broker

TeleTRADE is a very old Forex broker company. It’s quite popular in the ex-USSR territories due to the large amount of the off-line offices and the free trading seminars they are offering from time to time. The company was created back in 1994, but the on-line services were presented in 2001. Actually, the company’s age is probably its only advantage. The trading is done via MetaTrader 4 platform. […]

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January 27
2009

Rupee Opens Higher Today on Stocks Revival

The Indian rupee advanced against the U.S. dollar during the Forex trading session opening today as the stock markets showed some strength world-wide and the investors used the short-term opportunity to enter the high-risk assets. Almost 3 percent growth of the Bombay Stock Exchange Sensitive Index (SENSEX) was accompanied by the news from the Reserve Bank of India Governor Duvvuri Subbarao — […]

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January 26
2009

EUR/USD Posts Biggest Daily Gain This Year

Today EUR/USD rose at a fastest pace since December 17. As the fundamental data reports were very positive in the United States, traders thought that it might be a good chance to bet against the dollar in the favor of the more risky and high-yielding currencies. EUR/USD rose from 1.2916 to 1.3141 as of now. Existing home sales rose by 6.5% from the annual rate of 4.45 million to 4.74 million in December. The market analysts expected a decline to 4.4 million. That can bring a much needed positive […]

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January 26
2009

NZD Falls as Service Industry Contracts

The New Zealand dollar declined against the U.S. and Australian currencies today as the country’s services industry continued to decline for a ninth month in a row last December, according the Performance of Services Index that was released yesterday. The index of the service industry was reported at 48.0 for December — up from 47.3 in November; but the reading below 50 means a contraction in all of the country’s service sectors. The report […]

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January 25
2009

CGTIM — Another Jordanian MT4 Forex Broker

CGTIM (or Commercial Group for Trading in International Markets) is a MetaTrader 4 Forex broker based in Jordan. As the other Jordanian brokers it offers Muslim-friendly trading accounts — with no overnight interest or swaps. Trading with this broker can be started with $1,000 for mini-Forex accounts. The deposit/withdrawal methods are limited to wire transfer, check and credit cards. Apart from Forex it offers CFD and some futures and indexes […]

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January 24
2009

Forex Technical Analysis for 01/26—01/30 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 1.2075 1.2420 1.2696 1.3041 1.3317 1.3662 1.3938 GBP/USD 1.2447 1.2975 1.3387 1.3915 1.4327 1.4855 1.5267 USD/JPY 83.08 85.10 86.92 88.94 90.76 92.78 94.60 EUR/JPY 117.35 […]

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January 23
2009

AL Trade Forex Broker Description

What I like about the unregulated Forex brokers (registered in the offshore zones) is that they aim on the non-U.S. and non-Canada traders, offering multilingual websites and user support service. AL Trade is one of such brokers. Like many of the similar on-line brokerage companies it provides MetaTrader 4 platform and the ability to deposit and withdraw funds via WebMoney. Although, I’ve found this broker quite recently […]

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January 23
2009

Swiss Franc Grows against Euro

The appeal for the stock markets declined and the low-yielding assets became more attractive, boosting the demand for the Swiss franc against the Euro for a second day, today. Despite the fact that the Swiss National Bank is going to intervene into the currency market in order to keep the currency appreciation down, the franc in its growth rate goes just […]

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January 22
2009

The Worse U.S. Economy Gets the Deeper EUR/USD Goes

Contrary to the common sense the EUR/USD declines when more bad news comes out from the U.S. — the world’s largest economy. Probably, the traders believe that if things are so bad in America, other countries will also get plundered by the recession. EUR/USD traded with almost no significant change during the first half of the trading session today, but now it’s down to near 1.2937 — […]

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