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December 27
2008

Forex Technical Analysis for 12/29—01/02 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 1.3691 1.3797 1.3912 1.4018 1.4133 1.4239 1.4354 GBP/USD 1.4060 1.4320 1.4469 1.4729 1.4878 1.5138 1.5287 USD/JPY 87.98 88.61 89.71 90.34 91.44 92.07 93.17 EUR/JPY 121.66 […]

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December 26
2008

Russia’s Ruble Hits New Bottoms

The Russian ruble declined to the new record low level against the euro and the 2-year low against the U.S. dollar today as the country’s central bank allowed further depreciation of the ruble to stimulate the exporters. The Bank of Russia allowed the national currency to devalue by about 1 percent against the euro-dollar benchmark basket for the 11th time since November 11 today. The ruble fell about 1.3 percent against the euro and 1.1 against the U.S. dollar. The total loss against the dollar is 24.6 percent since […]

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December 26
2008

HMS Markets — Another Forex Broker from Luxembourg

HMS Markets is the second regulated Forex broker from Luxembourg that was added to the list on my site recently. It’s a multi-market broker that offers not only Forex but also CFD, futures and stocks trading services. The platform is custom — HMS Trader 2. The spreads on the Forex currency pairs are variable — but usually higher than 2 pips. The mini-trading is available, but the commission […]

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December 25
2008

Bulbrokers — Bulgarian Forex, CFD, Futures and Stocks Broker

Bulbrokers is a Bulgarian broker company, which is present on-line since 2001 and offers Forex, CFD, futures and stock trading services. It’s one of those brokers where you have a single account for the different types of trading but several trading platforms. The MetaTrader 4 platform is used for the Forex and CFD trading; to trade the stocks and futures the COBOS and Trader Workstation are […]

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December 24
2008

Uncertainty Rules, Yen Grows

The Japanese yen gained against its major currency counterparts on the global Forex market today as the stocks fell and the demand for the Japan’s currency rose. The last working day for the markets before the Christmas shows some elevated volatility compared to the last two days — the dollar is falling on the bad expectations for the macroeconomic reports. The yen […]

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December 23
2008

EUR/USD Trades in the Undecided Mood for Second Day

It looks like EUR/USD can’t really decide where to go next — the second consecutive day is marked with almost zero change with a slight advantage for the European currency. The final data on Q3 GDP along with some other macroeconomic reports didn’t surprise the traders enough to affect the Forex market today. EUR/USD is currently trading near 1.3971. The Gross Domestic Product decline of 0.5% in the third quarter of 2008 remained unchanged in the final report by the Bureau of Economic Analysis. […]

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December 23
2008

Canadian Dollar Declines for Fourth Day

The Canadian dollar declined today against its U.S. counterpart for the fourth straight day as the oil prices continued to fall globally. Following the expiration of the January crude oil futures the price has briefly went up but then continued to decline as the traders expect that the demand will shrink faster than the OPEC cuts its real output. Canada isn’t a member of OPEC but the oil constitutes about 10 percent of its exports. The Canadian dollar, […]

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December 22
2008

Pound Down vs. Euro, Dollar, Yen

The British pound fell against the other major currencies today, most notably against the euro, as the market participant expect that the Bank of England will continue reducing the interest rates for the U.K. banks. Not only the expectations for the lower interest rates press on the pound, but also the commentaries by the monetary officials, stating that the […]

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December 22
2008

Advised Trading — Swiss Forex Broker with No Mini-Trading

Advised Trading is a swiss Forex brokerage company, which went on-line with its services in 2006. This broker offers MetaTrader 4 trading platform with 2 pips spread on EUR/USD and a leverage up to 1:100. That’s probably all the good things that can be said about Advised Trading. The bad things are that this Forex broker offers neither micro-trading nor mini-trading accounts, that the minimum account […]

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December 21
2008

EMPFX — Swiss Broker with Custom Platform

EMPFX is a newly listed Forex broker on my site. It’s operated by the Swiss company E-Money Power Ltd and offers its services on-line since 2007. EMPFX has the very low spreads — 1 pip on EUR/USD and some other major currency pairs and a fixed leverage at 1:200. The trading is performed via their custom stand-alone trading platform (unfortunately it’s no MetaTrader 4). The minimum deposit to start trading […]

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