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December 16
2008

EUR/USD Soars as Fed Cuts Rate

EUR/USD went up significantly today after the CPI report showed another month of deflation, the housing slid and the Federal Reserve announced that the federal funds rate is reduced. EUR/USD is currently trading near 1.3967. Consumer Price Index (CPI) decreased by 1.7% at a seasonally adjusted rate in November, following 1% decline in October. The overall year-to-year gain is currently at 1.1%. The price decline exceeds the […]

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December 15
2008

Dollar Down before Fed Rate Deciosion

The U.S. dollar continued to go down today against the euro and the yen as the traders expect a rate cutting decision from the Federal Reserve and the bailout of the U.S. automakers. While both interest rate cut and the bailout of the country’s biggest car-making companies are the positive factors for the whole U.S. economy, they are certainly hurting the U.S. […]

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December 15
2008

EUR/USD Hits 2-Month High as Foreign Purchases Barely Cover U.S. Domestic Sale

EUR/USD posted a fourth day of growth today and soared to its highest level since October 15 as the macroeconomic outlooks worsen further for the U. S. The reports on the manufacturing sector confidence, the international capital and the industrial production flows disappointed investors and the dollar bulls. EUR/USD is currently trading near 1.3564. NY Empire State index fell slightly in December — from -25.4 to -25.8, setting a new […]

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December 14
2008

FOREX UKRAINE — MetaTrader Broker with 6-Year History

FOREX UKRAINE is a rather standard MetaTrader broker, which description is now available on my site. It doesn’t offer any additional platforms (for example, the web-trading one) and has 3 pips average spread on EUR/USD currency pair. But other than its strange desire to use all caps in its title and the location in Ukraine (not the best regulation for the Forex brokers), FOREX UKRAINE is quite a nice […]

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December 13
2008

Forex Technical Analysis for 12/15—12/19 Week

EUR/USD trend: buy. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2217 1.2466 1.2917 1.3166 1.3617 1.3866 1.4317 GBP/USD 1.4277 1.4478 1.4711 1.4912 1.5145 1.5346 1.5579 USD/JPY 83.26 85.93 88.55 91.22 93.84 96.51 99.13 EUR/JPY 114.66 […]

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December 13
2008

Forex Forum Launched on EarnForex.com

My Forex forum officially opens its doors for the Forex traders, theorists and Forex newbies today. The intent was to create a nice place for the market participants to share their experience and knowledge with others and to communicate in a friendly and easy atmosphere. The topics for the discussion are limited only to Forex related subjects, with the separate forums for various […]

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December 12
2008

EUR/USD Keeps Positions After Enourmous Growth Yesterday

EUR/USD continues to keep its position on the Forex market today after gaining 2.5% yesterday. The macroeconomics continued to hurt the U.S. markets and the dollar today, showing some really bad reports. EUR/USD is currently posting a moderate advance and is trading near 1.3395. PPI decreased faster than the traders expected, losing 2.2% in November after posting -2.8% value in October. The median […]

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December 12
2008

Yen at Century High as Carmakers Bailout Fail

The stock markets fell down greatly today pushing the Japanese yen up to its highest level since mid 90’s against the U.S. dollar and the Great Britain pound as the GM and Chrysler chances to survive narrowed after the U.S. lawmakers failed to approve the bailout plan. Unlike previous trading sessions, where the yen moved in a unison with the U.S. dollar as both were […]

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December 11
2008

EUR/USD Posts Biggest Weekly Gain in Years

EUR/USD gained today at the same pace as on Monday and now the currency pair is showing its biggest weekly gain on record. The stock market optimism removed the risk-averting mood from the markets and the euro is gaining over the U.S. dollar, despite the fundamental indicators that signal a strong recession in the United States. EUR/USD is trading near 1.3229 level now. Export and […]

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December 11
2008

Dollar Near 2-Month Low vs. Euro

The U.S. dollar dropped to the weakest level during the last 6 weeks against the European currency as the world’s stock markets rallied despite the delay in the U.S. automakers bail-out. As it has become known yesterday, the $14 billion bail-out plan to rescue the General Motors Corp., and Chrysler LLC is likely to not get voted for by the Republican party in the U. S. Senate. The dollar declined […]

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