December 4
2008

Swedish Krona Near 5-Year Low on Rate Cut

The Swedish krona advanced it’s yearly low levels against the U.S. dollar today as the country’s central bank surprised the market participants with the biggest rate cut in the last 16 years to prevent the economy from contracting. The official repo rate was reduced from 3.75 percent to 2 percent by 175 basis points today. It exceeded the traders’ expectations that were aimed on 1 percent cut. The Riksbank […]

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December 4
2008

EUR/USD Up after Employment and Factory Orders Reports

EUR/USD rose today after posting a slight decline yesterday and trading in the negative zone for the most of the day as the ECB cut the interest rate and some mixed fundamental reports from U.S. arrived. EUR/USD is currently trading near 1.2794. Initial jobless claims unexpectedly fell in U.S. last week — from 530k (revised up from 529k) to 501k. According the forecast by the […]

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December 3
2008

Mixed Reports on Economy Drive Dollar Up

EUR/USD currency pair declined today after showing a moderate growth yesterday. The macroeconomic statistics from U.S. was mixed today — both positive and negative news barely influenced the market. EUR/USD is currently trading near 1.2637, still inside the yesterday’s trading range. ADP employment report showed a drop by 250,000 jobs in November following a decline of 179,000 (revised up from 157,000) in October. The median forecast for the […]

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December 3
2008

Euro Near Weekly Lows before Rate Decision

The euro declined today against the U.S. dollar, almost snapping the yesterday’s gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank in the leading Eurozone economies. The European currency came close to the lowest level in the last two weeks against the dollar and the lowest in the month against the yen. As the macroeconomic indicators […]

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December 2
2008

Pound Loses for Third Day Despite Correction

The U.K. pound continued to fall against the U.S. dollar and the Japanese yen today, despite the correction seen in some other dollar- and yen-based currency pairs, as the traders expect a major rate cut by the Bank of England. Traders bet that the Bank of England will have to cut the interest rate by 100 basis points down to 2.00 percent on December 4th to protect economy from […]

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December 2
2008

Windsor Brokers — Cypriot MetaTrader Forex Broker

Windsor Brokers is a Forex broker company based in Cyprus and regulated by both Cyprus Securities and Exchanges Commission and the British Financial Services Authority. You can now find the detailed description of this broker on my site. Windows Brokers offer their services on-line since 2002. This broker provides MetaTrader 4 platform with the possibility of micro-trading. The leverage can be set to 1:200 (for micro-trading) and […]

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December 1
2008

New Forex Tool — Risk and Reward Calculator

A new on-line Forex toll was added to my site today. It’s a calculator for the risk and reward levels and ratio based on the Fibonacci retracements. To use this tool you just need to enter the values for the local maximum and minimum levels and the current price. It automatically calculates the 0.382 and 0.618 Fibonacci retracements and offers the recommended take-profit and stop-loss levels […]

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December 1
2008

Dollar Grows While Construction Spending and Manufacturing ISM Tumble

EUR/USD continued to decline today after falling through the second half of the last week as the demand for the low-risk U.S. dollar and Japanese yen rose. The fundamental indicator that were released in U.S. today signaled nothing positive for the global economy, thus helping the EUR/USD bears. The currency pair is currently trading near 1.2633. Construction spending decreased by 1.2% […]

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December 1
2008

Chinese Yuan Depreciates to July’s Levels

The Chinese yuan fell to the weakest level since August today as the country’s government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary. The reference rate, set by the People’s Bank of China, allows 0.5 percent deviation in the either side during the daily yuan trading session. Today the rate was set to the lowest level since August 2008 and the […]

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November 30
2008

ATC Brokers — U.S. ECN Forex Broker

ATC Brokers is a new Forex broker whose description was added to my site today. It’s a regulated U.S. broker, registered with both NFA and CFTC. ATC Brokers offer ECN Forex trading with the low variable interbank spreads (usually — 1 pip on EUR/USD) but they also charge commission per trade since the spread doesn’t compensate their services. This broker offers both MetaTrader 4 platform and […]

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