Breaking News
December 10
2008

Yen Stops Growth on Stock Markets Optimism

The Japanese yen is showing another negative trading day this week as the currency traders follow the stock market optimism and buy the currencies associated with the high risk and yield. The yen fell against the Australian and New Zealand dollars (its traditional carry trade counterparts) as the U.S. government and lawmakers are ready to bailout the Detroit automakers, […]

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December 10
2008

EUR/USD Up as Stock Markets Rally

EUR/USD returned to the upward daily trend today after pausing in an uncertainty yesterday. The main driver for today’s growth was the stock market rallies in U.S. and Europe that don’t have any fundamental background but are rather based on the fact that the traders are already tired of the selling and see some short-term optimism in the anti-crisis measures taken by the global governments. EUR/USD is currently trading near 1.3010. Wholesale inventories decreased by 1.1% in October after […]

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December 9
2008

Sucden — British Multi-Market Broker

Sucden is a financial trading broker providing its services for the Forex, CFD, futures and equity markets. It’s based in the United Kingdom and is regulated by the Financial Services Authority. Since 2007 Sucden Financial Ltd offers its own custom Sucden Smart trading platform to unite several popular financial markets (including Forex). Although the mini-lots trading is available, the minimum account size is very high — […]

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December 9
2008

AUD Falls on Weak Business Confidence

The Australian dollar declined today against the U.S. dollar and the Japanese yen as the country’s stock markets fell after the report on the November business confidence came out showing the record low reading for the index. The Aussie is also under pressure from the high-yielding assets’ correction after the yesterday’s growth. The New Zealand dollar, which often trades in a strong […]

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December 8
2008

Yen Drops as Stock Markets Rally

The Japanese yen went down rapidly against the other currencies today as the European and Asian stock markets rallied on expectations for the effect from the global anti-crisis measures. The bail-out of the Detroit automakers has been almost approved in U.S. and that induces some hopes for the crisis easing in the near future. Better financial conditions benefit such currencies […]

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December 8
2008

WH SelfInvest — ECN Forex Broker from Luxembourg

WH SelfInvest is an old financial broker which based in Luxembourg and which can boast quite a long on-line presence in the financial trading markets (from 1999). It started to offer the Forex trading services on-line in 2005. WH SelfInvest provides its own custom standalone program for trading and also offers a web-based platform that can be ran from the browser. Trading through ECN is also available, but […]

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December 7
2008

Arab Financial Brokers — Kuwaiti Forex Broker

Arab Financial Brokers (or simply AFB) is a Forex broker located and regulated in Kuwait. As its title suggests AFB is created by the Muslim traders for the Muslim traders and it’s offering all the respective services — including the no-interest trading accounts. Of course, non-Muslim Forex traders are also welcome to join Arab Financial Brokers and they will also gain the advantages (and also disadvantages) of their no-interest accounts. The broker offers MetaTrader 4 platform with mini-trading and leverage […]

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December 6
2008

Forex Technical Analysis for 12/08—12/12 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 1.2269 1.2411 1.2564 1.2706 1.2859 1.3001 1.3154 GBP/USD 1.3374 1.3920 1.4303 1.4849 1.5232 1.5778 1.6161 USD/JPY 87.15 89.37 91.10 93.32 95.05 97.27 99.00 EUR/JPY 109.99 […]

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December 5
2008

Russian Ruble Near 3-Year Low vs. Dollar

The Russian central bank widened the trading band for the ruble today as the Russia’s main exports — crude oil and metals continued to depreciate on the global markets. The Bank of Russia allowed the ruble to depreciate by 30 kopecks today at the beginning of the currency trading session. It was the fourth time since November 11 when the central bank allowed the ruble to decline against benchmark currency basket, which consists of 45% euro and 55% U.S. dollar. The Urals crude oil, which is Russia’s main export commodity, […]

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December 5
2008

Nonfarm Payrolls Fall Sharply, Dollar Little Changed

EUR/USD declined today before and after the important employment report. After showing almost no volatility during the Asian trading session, the currency pair declined past the yesterday’s open levels during the London trading session. After the nonfarm payrolls data was released, EUR/USD retreated slightly but the returned to the downward trend. The currency pair is trading near 1.2699 now. Nonfarm […]

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