Breaking News
September 11
2008

Dollar Breaks Psychological Resistance

The U.S. dollar continued to grow today for the fourth day against the euro on speculation that the problems are more serious for the European economy than for the United States, thus the rate differential may switch to the dollar’s favor. The dollar broke down the significant support level of the EUR/USD currency pair at 1.4000. Market analysts await very disappointing […]

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September 10
2008

Chinese Yuan May Slowdown on Lower CPI

The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the currency’s appreciation rate as the inflation returns to its normal values. Yuan is the best performing currency in the Asian region this year. It managed to gain 4.2 percent in the first quarter of 2008 and another 2.3 percent in second quarter. Meanwhile […]

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September 10
2008

A Practical Guide to Swing Trading — Free eBook

Now you can download a completely free ebook on the swing trading from my site — it’s «A Practical Guide to Swing Trading» by Larry Swing. Although this book doesn’t deal with the Forex market specifically and was written with the stocks in mind, it still can be applied to the Forex trading, and I must say that even before I read it I’ve been using the strategy described in this book myself […]

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September 9
2008

EUR/USD Grows Little on Flat Pending Home Sales

EUR/USD traded today with a great deal of the intraday volatility — it managed to reach its almost two year minimum level at 1.4046 during the early Asian trading and post an upward spike later.After today’s portion of the U.S. macroeconomic statistics came out, the currency pair left its equilibrium point and rose a little. It is now trading close to 1.4126 level. Pending home sales index fell 3.2% to 86.5 in July. […]

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September 9
2008

Yen Continues Rising as Global Markets Fail

The Japanese yen continued to grow against the major currencies today as the early stock market trading shows no sign of the optimism that was expected from the Freddie Mac and Fannie Mae bailout. Yen is the preferred currency when the stock sell-offs occur and the accompanying carry trades close out. The Japanese currency traded near the two-year highs against […]

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September 8
2008

Pound May Fall 20% More before 2009

The Great Britain pound returned to its declining trend today even after the big positive opening gap this week. Analysts believe that this year may become the pound’s worst since 1992. Traders bet that the British currency may continue its sharp decline this year and lose 20 percent more against the U.S. dollar. The pound has already lost […]

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September 7
2008

Microtrading with FXCM

FXCM broker entered the market with a new micro trading opportunity — FXCM Micro Forex broker. As many new traders prefer to trade with the small amounts of money, such brokers as FXCM can’t fulfill their needs. FXCM Micro looks like a really good opportunity for the low-budget traders. It offers $25 minimum account balance (with a maximum cap at $5,000) with 0.01 lots minimum for the position […]

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September 6
2008

Yen Gains This Week on Global Stock Decline

The Japanese yen showed a record fast growth against the major currencies this week as the stock markets declined worldwide and investors favored the low-risk assets in Japan, spurring the currency conversion process. Japanese currencies grew on the speculation that the weak economic indicators in U.S. and the crisis of the financial institutions may cause a global recession. Both Australian and New […]

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September 6
2008

Forex Technical Analysis for 09/08—09/12 Week

EUR/USD trend: sell. GBP/USD trend: sell. 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 1.3541 1.3868 1.4068 1.4395 1.4595 1.4922 1.5122 GBP/USD 1.6854 1.7196 1.7430 1.7772 1.8006 1.8348 1.8582 USD/JPY 102.12 103.82 105.78 107.48 109.44 111.14 113.10 EUR/JPY 140.62 […]

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September 2
2008

Dollar Grows as Hurricane Gustav Weakens

The U.S. dollar rose today to its new maximum level in almost seven months against the euro as the crude oil prices declined after it became obvious that the hurricane Gustav won’t be causing significant damage to the American oil industry. The dollar also advanced to the highest position against the Great Britain pound in more than two years today as it rallied on the Forex market. […]

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