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August 30
2008

Forex Technical Analysis for 09/01—09/05 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4322 1.4447 1.4562 1.4687 1.4802 1.4927 1.5042 GBP/USD 1.7390 1.7781 1.7996 1.8387 1.8602 1.8993 1.9208 USD/JPY 106.21 107.31 108.06 109.16 109.91 111.01 111.76 EUR/JPY 154.78 […]

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August 28
2008

Euro Rose on ECB Rate Signals

The euro rose today against the dollar and yen for the second day and for the third day against the Great Britain pound after the ECB policy makers signaled yesterday that there won’t be any rate cuts in the Eurozone soon. Most notably European currency rose against the British pound as the latter fell to its four-month minimum levels on weak […]

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August 23
2008

Forex Technical Analysis for 08/25—08/29 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 1.4446 1.4561 1.4677 1.4792 1.4908 1.5023 1.5139 GBP/USD 1.8379 1.8442 1.8484 1.8547 1.8589 1.8652 1.8694 USD/JPY 106.28 107.20 108.63 109.55 110.98 111.90 113.33 EUR/JPY 158.08 […]

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August 22
2008

A Six-Part Study Guide to Market Profile — Free eBook

Today I offer you a new free ebook to download from my site — A Six-Part Study Guide to Market Profile. Actually it’s not very new — it was written in 1996 by the Chicago Board of Trade professionals. It thoroughly explains the one of the most innovative but not too popular trading concept — the market profile. First it will help you understand what market profile is and how it can help in your trading. […]

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August 22
2008

Yen Declines as Investors Buy Assets Abroad

The Japanese yen fell from its more than two weeks maximum against the U.S. dollar today as the Japanese investors sought to buy foreign assets after their currency advanced so much yesterday. The yen declined also against the euro and the Great Britain pound today after reaching a more than 3 months high against both of those currencies yesterday. There is a little […]

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August 21
2008

EUR/USD Rises above the Friday Open Level

Dollar declined today against the euro, allowing EUR/USD currency pair to rise above the last Friday’s open level. Currently it is trading near 1.4863 — 58 pips above Friday’s open. The decline was most probably caused by the investors’ concerns related to the U.S. financial market. Initial jobless claims decreased from 445k to 432k last week in the United States — that’s below the median forecast 438k. Leading […]

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August 21
2008

Dollar Goes Down on Credit Market Losses

The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably won’t be able to raise the rates by the year’s end. The dollar also fell against the euro and the Great Britain pound today as the previously expected rate difference decline became not so obvious to the Forex traders. Yen’s growth against […]

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August 20
2008

Statistical Forex System — Example MT4 Expert Advisor

After saying so much about the statistical Forex systems, I think it’s time to give an example of one. But first, I have to warn that this exert advisor «as is» wasn’t profitable during tests — it had its losses and gains, but spread losses took over eventually, so I can’t suggest using it on your real money account. This expert advisor is good only as an example of an actual statistical Forex system. It uses Tom DeMark’s pivot points calculated […]

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August 20
2008

Pound Fell vs. USD, Euro before BoE Minutes

The Great Britain pound traded lower before the Bank of England’s release of the monetary policy minutes today. After the release, pound continued to slide down against both the greenback and the euro. The  U. K. currency continued to trade near a two-year low against the U.S. dollar today and fell for a third day against the euro as the minutes revealed that there was one vote for reducing the interest rates; 7 members including Governor Mervyn King voted […]

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August 19
2008

EUR/USD Continues Falling on High PPI in U.S.

EUR/USD declined today for the fourth day as the producer price index was reported at a higher than expected level in the United States. Even the worsening of the housing market failed to press on the U.S. dollar today. Building permits were at 937k in July down from 1,138k in June (revised up from 1,091k). They were expected to fall to 959k annual rate. There were 965k Building […]

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