Breaking News
October 27
2008

Protecting Yourself from Financial Crisis with Forex

During the ongoing global financial crisis traders and investors leave behind the question «How to make money?» and start asking another question — «How to save money?». In my opinion, the current situation on the Forex market allows combining those two question into the one, because with the right strategy you can start earning on the crisis — earning enough to protect yourself from […]

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October 26
2008

Range Pull-Back Expert Advisor for MetaTrader 4

Now you can download a new free profitable expert advisor for MT4 platform. I had received it by e-mail from one of my site’s visitors and after making some minor changes (the initial version had OrderSend Error 130 popping up on too many brokers) I’ve uploaded it to the site. This expert advisor was created by some Russian-speaking developer and is called Otkat (which, if translated to English, means Pull-Back). This EA is based on the intraday range pull-backs. It checks for the entry points […]

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October 25
2008

Forex Technical Analysis for 10/27—10/31 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.1204 1.1850 1.2237 1.2883 1.3270 1.3916 1.4303 GBP/USD 1.2697 1.3983 1.4945 1.6231 1.7193 1.8479 1.9441 USD/JPY 77.85 84.38 89.34 95.87 100.83 107.36 112.32 EUR/JPY 84.23 […]

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October 24
2008

Yen at 13-Year High vs. Dollar on Higher Risks

The Japanese yen rose up to the 13-year high versus the U.S. dollar and the new long-term maximums against the other major Forex currencies today as the high risk carry trades were shunned by the traders. The yen also climbed to the highest level against the euro in last 6 years as the probability of the recession in the Eurozone countries rose significantly. The spread […]

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October 23
2008

EUR/USD Slows Down in Its Fall

EUR/USD is currently down at an unusually slow rate after declining for four days at a rather fast pace. It looks like the markets aren’t yet ready for a stronger growth of dollar and need to wait a little time before continuing a strong bearish trend on EUR/USD currency pair, which is now trading near 1.2807 level — such rate was unimaginable to the Forex traders just 3 months ago. Initial jobless claims […]

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October 23
2008

Rupee Declines More as Stocks Tumble

The Indian rupee continued to fall against the U.S. dollar and the Japanese yen today as the Asian stock markets fell again, spurring the outflow of the capital from the emerging markets. The India’s central bank allowed the domestic companies to attract more foreign loans yesterday, lifting the limit imposed last year to cool down the financial markets. That effort failed […]

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October 22
2008

Pound Slides on King’s Recession Outlook

The Great Britain pound dropped to the lowest rates in several years against the dollar and the yen and the weekly low against the euro today after the BoE Governor Mervyn King said that the recession is very likely due to the worst banking crisis since World War I. The pound fell to the lowest level since September 2003 against the U.S. dollar […]

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October 21
2008

Dollar Strengthens after Stimulus Proposal

The U.S. dollar rose today against other major currencies, except the yen, after the Federal Reserve Chairman Ben Bernanke proposed further measures to provide more liquidity and credit confidence to the U.S. economy. Although the counter-crisis measures are taken by the various countries with the developed economies, but the most-benefiting currencies are the dollar and the Japanese yen, […]

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October 20
2008

$30 Bonus from InstaForex Broker

InstaForex announced last Friday that it has started a new promotional campaign for the new and old customers, offering free $30 to the newly open trading accounts. That so called «$30 Welcome Bonus» can be given to anyone who opens a new account — both old and new customers are allowed to open an account to participate in this campaign. The bonus can be received only once in 3 month by every trader. […]

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October 20
2008

Japanese Yen Falls after Bank Rescues

The Japanese yen fell today against the high-yielding currencies (including the Forex majors) after the bank-rescuing measures of the various global central banks helped to cut the inter-bank money-market interest rates. The South Korea’s measures to provide $100 billion guarantee on the domestic money market helped to ease the debts of the financial companies in the Asian region. The support of the liquidity offer from […]

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