Breaking News
June 4
2008

Dollar Tries to Keep Yesterday Gains

Dollar is still trying to hold its yesterday gains against euro, as it can benefit from the fundamental indicators released today in U.S. EUR/USD rose only from 1.5433 to 1.5449 today after losing more than 100 pips yesterday. Productivity in the nonfarm business sector grew at 2.6% annually and seasonally adjusted rate in the first quarter of 2008 — slightly better than the preliminary estimate (2.5%). ISM services (non-manufacturing) […]

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June 4
2008

Australian Dollar Gains on Higher GDP

The Australian dollar benefited today from the better than expected first quarter GDP growth as the Reserve Bank of Australia may start considering interest rate hikes again. The gross domestic product grew 0.6 percent in the first quarter of 2008 in Australia, following fourth quarter 0.7 percent increase and surpassing the median experts’ estimate value of 0.3 percent gain. In the year-to-year comparison GDP grew 3.6 percent […]

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June 3
2008

NobleTrading — Broker Full of Services

I updated the broker list on my site with a new Forex broker today — NobleTrading. It started offering its services on-line in 2006. NobleTrading offers 3 different platforms — 1 web-based and 2 two stand-alone with a variety of trading tools built in them. Apart from Forex you can trade stocks, options and futures with NobleTrading — this makes it different from many other similar brokers. It’s also regulated by NFA and […]

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June 3
2008

Yen Appreciates on Lehman Worries

The Japanese yen gained today against its usual carry trade counterparts as the markets worried about the Lehman Brothers loss, which might be signaling for a financial crisis deepening. The carry trade was at its uprise last two-three weeks as the subprime crisis has been fading out and investors started to seek more risky assets. Yen was used as a short currency in the […]

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June 2
2008

Profitunity Study Manual by Bill Williams and Justine Gregory Williams

A new Forex related ebook is now available for download — Profitunity Study Manual. If you are still unfamiliar with Bill Williams’ theory of the chaos trading, this ebook will help you to understand the most important aspects of this theory and learn completely new ways of market analysis. Profitunity trading was developed by Bill Williams to make a new alternative to a prevailing static theory of the market analysis and now it serves as an advanced way […]

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June 2
2008

U.S. Economy is Improving

EUR/USD fell by more than 60 pips today as the fundamental reports from U.S. signaled that the economy is improving there. Construction spending was expected to fall by 0.6% in April; instead it was down only 0.4% after 1.1% drop in March. ISM report on manufacturing sector of the economy showed that the PMI (purchase manager index) grew up from 48.6 in April to 49.6 in May. A drop to 48.0 was expected by the market […]

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June 2
2008

Pound Posted Biggest Daily Drop in 3 Weeks

The pound sterling posted today its biggest drop against the U.S. dollar since May 7 as the speculations that Bradford & Bingley Plc, the largest mortgage lender in U.K., will have to raise more capital, indicated a worsening in the real estate market crisis. The currency also fell against euro and yen as the investors expected that the Bank of England will show […]

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June 2
2008

Aussie Goes Down on Weak Retail Sales

The Australian currency dropped today on Forex as the government bonds rose after the report on the April retail sales showed a decline of this important indicator. The retail sales in Australia slid down 0.2 percent in April, forming a steady downward monthly trend for the growth macroeconomical indicator. A decline in retail sales is now attributed to the extremely tight monetary policy in Australia, spurring belief that the […]

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June 1
2008

Saudi Arabia to Keep Dollar Peg

Saudi Arabia’s Finance Minister Ibrahim Al-Assaf agreed with the U.S. Treasury Secretary Henry Paulson that the riyal’s peg to dollar is serving good to the country’s economy and assured him that Saudi Arabia has no plans to unlink the currency. During his four-day visit to the Middle East Paulson was to convince the regional financial officials to abstain from depegging their currencies from dollar and to increase […]

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June 1
2008

Carnival of Forex Trading — June 1, 2008

Landy Trapper presents Low Cost Options Are Available For The Forex Beginner posted at Forex Trading System Secrets. Jed Norwood presents Forex Market Basic Truths posted at Forex Strategy, saying, “In this post I have listed some basic truths about the Forex market.” Lauren Rose presents Complete Guide to Online Forex Trading Systems – Part […]

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