Breaking News
November 29
2008

Forex Technical Analysis for 12/01—12/05 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 1.1958 1.2261 1.2475 1.2778 1.2992 1.3295 1.3509 GBP/USD 1.4271 1.4556 1.4963 1.5248 1.5655 1.5940 1.6347 USD/JPY 91.51 93.07 94.30 95.86 97.09 98.65 99.88 EUR/JPY 111.71 […]

Read more
November 28
2008

Forex Capital Trading — Forex Broker with Browser-Based Platform

Forex Capital Trading is another Forex, broker based and regulated in Australia, that was added to my site. This broker isn’t very new — it’s went on-line in late 2006. Unlike several previous newly added Forex brokers, Forex Capital Trading doesn’t offer MetaTrader 4 platform — and it is one of its main disadvantages. Instead, this broker provides its own web-based trading platform that can be run directly from your […]

Read more
November 28
2008

Dollar to Post Weekly Decline against Euro

The measures proposed by the U.S. government to support the national financial system and the optimism that followed the announcement of Obama’s economic team caused the U.S. dollar to decline against the euro this week as the money risks decreased world-wide. The  U. S. dollar is currently heading for the second negative week against the euro and the British pound and for […]

Read more
November 27
2008

Thai Baht Declines on Political and Civil Crisis

The Thai baht continued its decline against the U.S. dollar today and touched its lowest level in the last 21 months as the political protests and the civil unrest raged through the country. The political turmoil in the country is caused by the demands of the opposition and the military leaders for the current Prime Minister Somchai Wongsawat to resign. He still rejects these […]

Read more
November 27
2008

GOMarkets — Australian Broker with CFD, Shares and Futures Trading

GOMarkets is a regulated Australian Forex broker that offers not only Forex market, but also CFD, shares and futures trading. Information about this broker was added to my site today. It offers MetaTrader 4 platform and also its own trading platform — GOTrader. They started offering the on-line Forex trading services in 2008. They support accounts with just $100 starting capital and offer micro-trading […]

Read more
November 26
2008

Abundance of Fundamental Reports from U.S. Causes EUR/USD to Correct

EUR/USD declined today after rising for three consecutive days as many macroeconomic reports were released in the United States. EUR/USD is currently trading near 1.2939 after reach as high as 1.3080 yesterday. Durable goods orders decreased by 6.2% in October after declining by 0.2% in September (revised down from the 0.8% gain). The orders were expected to decline by no more than 2.5%. Initial jobless claims declined to 529,000 last week […]

Read more
November 26
2008

British Pound Declines before GDP Report

The British pound fell today against the U.S. dollar and the yen, following the three days of growth, as the traders expect the GDP report to confirm a decline of the economy today. The traders expected that the today’s Q3 GDP report will confirm the 0.5 percent decline seen in the advance report a month ago. The report will be released today at 9:30 GMT. Although it won’t mean a recession […]

Read more
November 25
2008

Bottom Formed on EUR/USD?

EUR/USD continue to rise today for the third straight day on the stock market optimism that was earlier based on the Citigroup bail-out and now on a new plan worth $800 billion to unfreeze the lending in the U.S. financial system. Fundamental reports from the United States that were released today didn’t impact Forex rates […]

Read more
November 25
2008

Yen Gains after Two Days of Losses

The Japanese yen rose today against the major currencies after losing for two days as the U.S. macroeconomic reports will show the worsening of the crisis, according to the analysts’ expectations, and the investors will cut the amount of assets funded in the Japanese currency. The yen experienced one of the worst days yesterday as the stocks surged in U.S. on the revealing of the […]

Read more
November 24
2008

The Day Trade Forex System

If you are still searching for the right Forex trading strategy, then you’ll probably like the free ebook that I added to my site today: The Day Trade Forex System by Erol Bortucene and Cynthia Macy. The strategy, which is offered in this book, is for intraday usage and won’t probably fit the more long-term trading style. The strategy is an indicator-based one: moving averages, Bollinger bands, […]

Read more