Breaking News
January 22
2009

SGD Up as Traders not Sure in Policy Change

The Singapore dollar gained against the U.S. dollar for the second day today as the traders reduced their bets that the monetary authorities are going to use the currency depreciation to stimulate the economy. The market participants pushed the Singapore’s dollar up before the government reports on its stimulus package in the new budget. The fight with the recession may continue without […]

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January 21
2009

Advanced Markets — Another NFA Forex Broker

Advanced Markets — the new Forex broker added to my site today — doesn’t possess many special features. It’s NFA registered U.S. broker with mini-trading available and the minimum account size at $2,000. Advanced Markets is present on-line since 2006. The only methods to fund the trading account with them are wire transfer and checks — not very convenient, at least for me. The broker offers two […]

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January 21
2009

Pound Hits New Record Low vs. Yen

The British pound fell to the record low level against the Japanese yen and declined significantly against the other major currencies today as the market participants are concerned that the U.K. recession will continue deepening and the Bank of England will have to reduce the rates further. The pound declined to the lowest level against the U.S. dollar since June […]

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January 20
2009

Yen Breaks Through Record High vs. Pound

The Japanese yen remains the newsmaker amidst the global financial crisis as it reaches the all-time high levels against the British pound and is outperforming the high-yielding currencies. After more bad news came out from the banks of the United Kingdom (record high losses of Royal Bank of Scotland Group Plc.), the pound weakened significantly as the government will probably have to pour […]

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January 19
2009

ATG (Aaron Trading) — ECN Multi-Platform Broker

ATG — the latest addition to the list of the Forex brokers featured on my site — is a multi-platform broker that aims on the professional and even institutional traders. The professional accounts start from $50,000, while the minimum for institutional trading is $250,000. Such high funds requirements mean a really high level of services. As the ECN broker ATG provides liquidity from several interbank sources and also […]

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January 19
2009

Emerging Markets Less Attractive, Yen Rises

The Japanese yen rose today against the U.S. dollar and recovered the gap-losses against the euro and the pound after the Russia’s central bank devalued the national currency again, reducing the attractiveness of the emerging markets. After two days of decline against the major currencies, the yen is currently posting a daily growth even after the strong negative weekly opening […]

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January 18
2009

FX-PRO Forex Broker — Not to Be Confused with FxPro

The newest broker on my site today is FX-PRO — another Jordanian company with the Muslim-friendly trading conditions and the MetaTrader 4 Forex platform. You shouldn’t confuse this broker with FxPro (former NorthFinance and WestCapFX). FX-PRO went on-line in 2002 and thus is much older than FxPro. But for my taste FxPro looks more reliable and comfortable Forex broker to trade with. Apart from the no-swap […]

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January 17
2009

Forex Technical Analysis for 01/19—01/23 Week

EUR/USD trend: hold. 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 1.2605 1.2815 1.3041 1.3251 1.3477 1.3687 1.3913 GBP/USD 1.3786 1.4128 1.4430 1.4772 1.5074 1.5416 1.5718 USD/JPY 86.74 87.60 89.16 90.02 91.58 92.44 94.00 EUR/JPY 112.31 […]

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January 16
2009

Pound Gains against Euro

The British pound rose against the euro today along with some other major currencies as the euro suffers from the trade balance deficit, while the traders long for some high-yielding European currency, which the pound still is. Eurostat agency reported that the November 2008 trade balance deficit of the European Union countries was at €7 billion compared to €2.3 billion surplus in November […]

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January 16
2009

EUR/USD Up on Negative CPI, Industrial Production Drop

EUR/USD rose from its monthly low today — for the first time this week — after the U.S. reports on CPI and industrial production failed to meet the traders’ extremely pessimistic expectations. The better outcome for the U.S. economy means a better outcome for the global economy, which is good for such currencies as the euro. EUR/USD is currently trading near 1.3281. CPI […]

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