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May 31
2008

Forex Technical Analysis for 06/02—06/06 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5049 1.5255 1.5405 1.5611 1.5761 1.5967 1.6117 GBP/USD 1.9540 1.9606 1.9714 1.9780 1.9888 1.9954 2.0062 USD/JPY 101.06 102.09 103.80 104.83 106.54 107.57 109.28 EUR/JPY 161.33 […]

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May 30
2008

Dollar Heads for Second Monthly Gain

Today the U.S. dollar continued to head for its second monthly gain against such currencies as the euro and the Japanese yen as the country’s economical situation showed some improvement over the recent weeks. The second month of growth against the yen can be attributed to both carry trade uprise that has been seen during the last weeks on Forex and the expectations […]

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May 30
2008

Dollar Stalls against Euro Today

The  U. S. dollar was mainly unchanged today after the important fundamental statistics came out in the United States. Although there were moderate intraday swings up and down on EUR/USD, the currency pair is ending the day with just a little upside on Forex. Personal income and spendings report is always an anticipated event for the Forex traders. In April personal income rose the same […]

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May 29
2008

EUR/USD Continues to Fall on U.S. GDP Report

EUR/USD made its biggest drop since May 7 today. The popular currency pair continued its decline that has started on Tuesday and will probably last until it reaches 1.5300-1.5400 levels. EUR/USD went down from 1.5647 to 1.5533. Preliminary GDP for the first quarter of 2008 increased 0.9% — the same pace as the market analysts predicted and slightly faster than 0.6% growth in Q4 2007. Initial jobless […]

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May 29
2008

Dollar Sees a Third Day of Growth

The U.S. dollar rose today to highest against the euro since May 20 as the Federal Reserve Bank of Dallas President Richard Fisher said that the interest rate increase is possible on elevated inflation fears. The  U. S. currency also continued to rise against the Japanese yen today, as the latter has been falling against the other major currencies on carry trade uprise. The dollar […]

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May 28
2008

Rupee Rose on Earning Conversion

The Indian rupee rose today as the exporters had to convert their overseas earnings after the India’s currency has been losing significantly to the U.S. dollar in May. The rupee recovered from two days of losses this week as the oil continued to drop today, easing the concerns that the commodity importers will have to sell even more rupees for dollars. On the other hand, […]

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May 27
2008

Dollar Less Bullish After Bad Housing, Confidence Data

U.S. dollar stopped its appreciation against euro and pound today after macroeconomical statistics was released today in U.S. Disappointing data stopped EUR/USD from going below 1.5700 level (which was a lowest level last Friday too) and the currency pair went up to 1.5731 from its daily bottom. The trading opened today at 1.5774 for EUR/USD. New home sales in April were at 526k — above the […]

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May 27
2008

Yen Falls against Carry Trade Counterparts

The Japanese yen extended its decline against its traditional carry trade counterparts today as the Asian stock markets soared after the U. S. Memorial Day holiday ended. Yen dropped significantly against the Australian and New Zealand dollars (the favorite high-yielders that usually gain the most form the carry trade popularity) today after the financial market rally in Asia showed […]

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May 26
2008

InstaForex — MetaTrader Broker with PayPal

InstaForex is a new MetaTrader 4 broker that was added to the list of Forex brokers on my site today. It offers a very big list of methods for funds transferring (including such convenient and popular methods as PayPal and WebMoney). They also have several trading account types by the currency of the account — USD, EUR, CHF, GOLD and RUR. VIP conditions or Islamic (with no overnight interest) accounts are […]

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May 26
2008

Easy-Forex Launches Visual Trading Platform

Easy-Forex introduced today its new trading platform — Visual Trading Platform. It’s still a browser-based (JavaScript/AJAX) application, but with an improved user interface and an extremely fast performance. It easily integrates trading, charting, news and alerts into one browser window. The abilities to calculate risk, position size and to freeze the currency rates before the order execution are built into this new platform. […]

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