Breaking News
November 14
2008

Yen Gains after One Corrective Session

The Japanese yen rose against the U.S. dollar, the euro and the pound today after posting a huge loss yesterday and the traders reviewed their outlook of the global recession process. The Group of 20 nations summit is starting today at Washington, U.S. It will try to come up with the decision aimed toward the global financial crisis and protecting the nations from the […]

Read more
November 13
2008

U.S. Dollar Weakens on Bad Jobless Data

EUR/USD moved in a fundamentally explainable trend today as the dollar fell before and after the quite worrying report on the new jobless claims in U.S. Although the trade balance deficit change was positive, the traders expected such result and didn’t value it much into the actual market. The budget deficit report has also disappointed the dollar bulls, pushing the dollar down on the market. EUR/USD is currently trading near 1.2525. Initial jobless claims rose from […]

Read more
November 13
2008

Pound Stops Below $1.5 as Recession Blooms

The Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its worst in Europe and the U.S. rescue plans changed. The pound went down below the $1.5 rate yesterday — for the first time since June 2002. It now continues to trade below that level, but […]

Read more
November 12
2008

Heikin-Ashi Trading Technique E-Book

Heikin-Ashi is charting technique (which can be even called an indicator) that substitutes the traditional Japanese candles on the chart with the more «balanced» versions of the candles. Each parameter of a candle — Close, Open, High and Low — is derived from the common candle’s parameters via the special formulas. The purpose of this charting technique is to eliminate the irregularities present on the chart and show the price trends and consolidations more clearly. Today I uploaded an e-book about Heikin-Ashi technique to my site. It’s called […]

Read more
November 12
2008

Yen Declines as Borrowing Costs Fall

The Japanese yen fell against the U.S. dollar and the other major currencies today after the money-market lending conditions eased and the traders expect a positive opening from the U.S. stock market judging from the current futures trading. Apart from the three other major currencies, the yen posted a daily drop against its usual carry trade counterparts — […]

Read more
November 11
2008

Prime4x — Forex Broker with MT4 and CFD Trading

Prime4x is a new Forex broker that started offering its services on-line in 2008 and its description was added to my site today. Prime4x offers MetaTrader 4 platform, CFD instruments to trade on, deposits via wire transfer and credit cards only and various bonuses. The minimum account size is $100 and all traders receive 10% bonus on their deposit. There is also a free promotional bonus $500 available on every new account, […]

Read more
November 11
2008

Pound Declines on the Lowest Home Sales

The Great Britain pound continued to fall today against the other major currencies after reaching the all-time low against the euro as the home sales report showed the lowest level in the last 30 years. The Royal Institution of Chartered Surveyors released its October issue of the U.K. real estate market survey. It showed that the quarterly number of completed sales per surveyor […]

Read more
November 10
2008

Latitude FX — Forex Broker from New Zealand

Latitude FX is a new Forex broker in my brokers’ list. It’s based in New Zealand (the first New Zealand Forex broker that I’ve met) and started to offer on-line trading services in 2007. It’s regulated by the quite strict financial laws of New Zealand and thus has a high security level for the traders’ accounts. Latitude FX is audited by PricewaterhouseCoopers. They offer 1:100 leverage and $1,000 minimum deposits for miniForex accounts. The […]

Read more
November 10
2008

Aussie, Kiwi Rise on China’s Stimulus Plan

The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Friday’s close levels as the China said that the government will provide $586 billion of liquidity help to the national economy. The Aussie and Kiwi opened with a huge weekly gap against the dollar and the yen after the news that the Chinese […]

Read more
November 9
2008

A View on the Forex Market Back in 1998

An interesting e-book was written back in 1998 by Sam Y. Cross of the Federal Reserve Bank of New York — All About the Foreign Exchange Market in the United States. In the focus of this e-book is the U. S. Forex market in its common understanding — not the macroeconomic currency indicators. This e-book was written in the pre-euro era, so it contains some archaisms — such as French franc and Deutsche Mark. The research […]

Read more