Breaking News
June 12
2008

Dollar Gains on Retail Sales Expectations

The U.S. dollar rose against euro, pound and yen today, rebounding from the yesterday drop, as the market strategists expect a good report on the U.S. retail sales to support Fed’s hawkish interest rate outlook. The retail sales report that will be released today at 12:30 GMT will probably show that the consumer economy got boosted by the government’s $50 billion tax-rebate plan checks. Better retail […]

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June 11
2008

Chilean Peso Drops as Risk Aversion Grows

The Chilean currency suffered a large daily drawdown today as the declining stock markets around the world pressed on the investors to sell their high-yielding assets including emerging economies’ currencies. The stock markets were declining today in U.S. and Europe as the central banks signaled a possible rate increase that would probably hurt the global economic development. While the major financial companies are still suffering from the subprime lending crisis, the inflation fears […]

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June 11
2008

FX Destroyer Strategy Ebook

I uploaded a new Forex ebook to the site today — it’s called FX Destroyer. It was sent to me by one of the site visitors a couple of days ago. Although it’s full of advertising and it can’t be considered a «real book» due to the lack of theoretical base, it offers an interesting yet simple trading strategy that is free for everyone to try. I hadn’t enough time to test fully the FX Destroyer strategy that is presented in this ebook, but I hope that […]

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June 9
2008

Dollar Recovers against Yen after Friday

The U.S. dollar recovered against the Japanese yen today after the dollar lost significantly against yen on Friday and this week trading opened with a wide gap against the greenback on Forex. USD/JPY had its biggest drop last Friday since March 19 this year. As the Forex market opened today the currency pair experienced a very wide gap of almost 50 pips (it closed […]

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June 8
2008

GDI Markets — Another Broker from U.K.

Today I added another British Forex broker to the list on my site — GDI Markets. It offers Forex, CFDs, Futures and Stocks trading services through a single trading platform. The platform itself isn’t very interesting or special, but it does its work and can be handy for multi-market traders. One serious disadvantage this broker has is that it charges commission fees for each order below a certain threshold […]

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June 7
2008

Forex Technical Analysis for 06/09—06/13 Week

EUR/USD trend: buy. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5090 1.5228 1.5502 1.5640 1.5914 1.6052 1.6326 GBP/USD 1.9212 1.9336 1.9522 1.9646 1.9832 1.9956 2.0142 USD/JPY 101.17 102.52 103.72 105.07 106.27 107.62 108.82 EUR/JPY 158.36 […]

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June 6
2008

ZAR Heads for Biggest Weekly Drop

The South African rand headed for the biggest weekly loss against the U.S. dollar in the last three months as the traders were concerned that the high interest rates will prevent country’s economy to rise at a fast pace. After the central bank said that the inflation will probably keep above the bank’s target 3-6 percent rate for at least until 2010, the rand […]

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June 6
2008

Dollar Deeps Further on Uneployment Rapid Growth

The  U. S. dollar dropped down today against as the unemployment rate soared in the U. S. Yesterday EUR/USD gained from the hawkish statement by Jean-Claude Trichet (he said that he will probably raise the interest rates on ECB’s next meeting), today it grows because of the poor U.S. fundamentals. Nonfarm payrolls decreased by 49,000 in May — below the expected 60,000 dropdown, but above the revised April 28,000 loss in the jobs. […]

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June 5
2008

NordMarkets — Swedish Broker with Low Spreads

NordMarkets is a new Swedish Forex broker that has a wide variety of trading account types — starting with mini and ending with the big institutional accounts. For the mini Forex accounts the trading conditions are not very interesting — $1,000 account minimum (deposits only via wire transfer and credit card), 0.1 standard lot position sizes and 3-4 pips spreads. Basically the larger is your […]

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June 5
2008

Kiwi Slumps on Interest Rate Comments

The New Zealand dollar went for a third day of losses today on the Forex market, making this week a biggest drop since mid May, as the Reserve Bank of New Zealand Governor Alan Bollard said that he may cut interest rates this year. Bollard kept rate unchanged today at the record high 8.25 percent level. It’s kept unchanged since July last year. He also said […]

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