Breaking News
May 26
2008

Yuan at Highest Level since End of Peg

The Chinese yuan rose to the highest rate against the U.S. dollar since the scrapping of the peg in 2005 as the investors expected China to quicken yuan gains in order to cut the inflation growth. The China’s short-term bonds fell today as their yields rose on speculation that the People’s Bank of China will increase interest rates. The Chinese currency appreciated by 5.3 percent against the U.S. dollar this […]

Read more
May 24
2008

Forex Technical Analysis for 05/26—05/30 Week

EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5235 1.5361 1.5561 1.5687 1.5887 1.6013 1.6213 GBP/USD 1.9150 1.9302 1.9549 1.9701 1.9948 2.0100 2.0347 USD/JPY 100.56 101.65 102.51 103.60 104.46 105.55 106.41 EUR/JPY 159.25 […]

Read more
May 23
2008

Rupee to Gain 9% This Year on Higher Rates

Fortis Bank analysts expect Indian currency to rise 9 percent by the end of this year as the Reserve Bank of India will have to increase interest rates to fight the accelerating inflation growth. India’s currency is currently the second worst performing among ten most-traded Asian currencies (excluding the Japanese yen) this year. Yesterday it reached its lowest rate against U.S. dollar in 13 months. Reserve Bank of India […]

Read more
May 22
2008

New Zealand Dollar Grows on Taxes Cut

The New Zealand dollar rose today against all other major currencies at a fastest pace in months as the Finance Minister Michael Cullen cut the income tax supporting the national economy. Kiwi (a nickname for the New Zealand’s currency) climbed today for a third consecutive day against the U.S. dollar — it’s biggest gain since late February as the investors favored high-yielding local bonds over […]

Read more
May 21
2008

Yen Rises as Carry Trade Suffers

The Japanese currency rose today on Forex during the Asian trading session as the stocks market drop spurred carry trade sell-offs and the liquidation of the yen-based high-risk assets. The yen gained against Great Britain pound, U.S. and Australian dollars, while remaining relatively weak against the euro today. German Ifo report on business climate in the country was released today […]

Read more
May 20
2008

A Lot of Forex Trading Tips

Someone sent me an article yesterday, so today I’ve decided to put it up on my site. This article is called 133 Trading Tips and it really contains 133 tips on how to trade Forex. I don’t know how one could come up with so many tips to a Forex trader, but all of them really make sense (at least to me). You can read that to sum up your knowledge or to find something new to yourself, but it’s definitely worth seeing. Here […]

Read more
May 20
2008

Dollar Declines on IMF Statement

The U.S. dollar declined today against other major currencies as the International Monetary Fund stated that there are still serious risks to the global financial market connected with the U.S. real estate crisis. Most significantly dollar fell against euro, pound, yen and Australian dollar. Apart from the IMF statement, markets await the PPI report in U.S. today to show […]

Read more
May 19
2008

Trend Determination in Forex Trading

Today I’ve uploaded a new free ebook to my site — it’s about determining the trend direction and its parameters using the standard technical indicators in any financial trading environment. Many trading strategies and tactics a based on the trend-following — determining the trend in a given market situation can be a focal point in a trader’s intraday or long-term trading activity. John Hayden, the author of this book offers RSI, divergence and moving […]

Read more
May 19
2008

Chinese Yuan Rose on Dollar’s Decline

The Chinese yuan continued its record breaking growth against the U.S. dollar after a month-long pause today and rose to a new maximum level since the scrapping of the yuan-dollar peg in 2005. China’s currency appreciated today as the U. S. Treasury Undersecretary David McCormick urged country’s authorities to further strengthen the yuan at a fast pace, while the U.S. dollar remained weak on Forex after a major downfall last […]

Read more
May 17
2008

Forex Technical Analysis for 05/19—05/23 Week

EUR/USD trend: buy. GBP/USD trend: buy. 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 1.5191 1.5278 1.5427 1.5514 1.5663 1.5750 1.5899 GBP/USD 1.9142 1.9252 1.9411 1.9521 1.9680 1.9790 1.9949 USD/JPY 99.75 101.17 102.61 104.03 105.47 106.89 108.33 EUR/JPY 155.15 […]

Read more