Breaking News
January 8
2009

Dedicated Servers for MetaTrader Expert Advisors

Trading with the MetaTrader expert advisors requires a great deal of testing and dedication. When I first began to live-test the EAs to find the one I’d finally use on the live account I’ve encountered a lot of problems and almost all these problems were connected with the uninterrupted and smooth running of the trading platform. Although I keep my desktop PC on almost all the time, the daily routine […]

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January 8
2009

AUD, NZD Down on Aroused Risk Aversion

The Australian and New Zealand dollars both showed a second day of decline today on the Forex market as the stocks, commodities and the confidence in the fast recovery from the recession fell world-wide. Both currencies have been showing a nice daily rally against the U.S. dollar and the Japanese yen until they began to go down yesterday, almost paring the gains of the […]

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January 6
2009

Euro at 3-Week Low vs. Dollar on Low Inflation

The European single currency bottomed near the 3-week low against the U.S. dollar and significantly fell against the Japanese yen and the British pound today as the investors expect further rate cuts from the European Central Bank. There are two factors for the euro’s current weakness that the analysts name as the main — the new proposed stimulus plan […]

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January 5
2009

Canadian Dollar Rises as Oil Shows Strength

The Canadian dollar rose against the 3 other major currencies today, completely reversing the daily trend, as the oil and commodity markets become more attractive after the holidays. Today the loonie (another name for the Canadian currency) is growing for the third day against the Japanese yen and the Euro and for the second day against the U.S. […]

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January 3
2009

Forex Technical Analysis for 01/05—01/09 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.3218 1.3534 1.3729 1.4045 1.4240 1.4556 1.4751 GBP/USD 1.3929 1.4142 1.4345 1.4558 1.4761 1.4974 1.5177 USD/JPY 87.62 88.69 90.25 91.32 92.88 93.95 95.51 EUR/JPY 121.28 […]

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January 3
2009

Forecast for 2009 — Currencies, Oil, Interest Rates

My last forecast (for the year 2008) missed the real world market action significantly. The financial crisis made a lot of the forecasts made by the analysts and traders useless but, nevertheless, I still wish to offer my vision for the next year. This is just my opinion and it shouldn’t be taken as a serious forecast or some guide for trading. EUR/USD will go down in 2009 and will probably reach 1.2000–1.2400 and then jump up to about 1.3000.GBP/USD will head down; probably, to a parity.USD/JPY will be very volatile, falling […]

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December 30
2008

Dollar Declines on Oil Shortage Expectations

The U.S. dollar began today’s trading session with a rather strong decline against the euro, after posting a significant gain yesterday, as the investors expect the oil prices to surge on the Middle East conflict. The European currency is the best performer in the Forex market currently. It lacks the dependence on the oil, unlike the U.S. dollar; it also has the highest interest rate among […]

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December 29
2008

BroCo — MT4 Forex Broker

BroCo is Russian Forex broker, which is also registered and licensed in Mauritius. Founded by the people behind the three brokers — Ark World Market, Water House Capital and Golden Contract, — BroCo begins its on-line history in 2003. BroCo is a MetaTrader 4 Forex broker and it also offers CFD trading to its clients. Additional services include asset management and trading competitions, contests and bonus programs. […]

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December 29
2008

Dollar Falls on Fears That Recession Deepens

The U.S. dollar declined today against the other major currencies and especially against the euro as the traders expect weak macroeconomic reports to continue coming out from the United States, showing that the world’s biggest economy is in the worst situation of all the developed countries. The instability factor in the Middle East with the conflict raging between Israel and Hamas in the […]

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December 28
2008

FXCH — Swiss MT4 Broker that Accepts WebMoney

FXCH or Foreign Exchange Clearing House is a Forex broker located in Switzerland. Unlike many other European brokers it’s not multi-market and offers only Forex trading services. It went up on-line in 2004. The most distinguishing features of FXCH, in my opinion, are the leverage of 1:500 and the low spreads (1 pip on all majors) — the extremely nice conditions for the risk-hungry Forex traders. The trading is done via MetaTrader […]

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