Breaking News
May 12
2008

British Pound Grows on April PPI Report

The Great Britain pound rose today against the U.S. dollar and the euro, partially recovering its losses from the last week, as the record high PPI growth added confidence that the Bank of England will not lower interest rates next time. The prices for the British long-term securities declined today, while their yields increased, showing a higher inflation […]

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May 12
2008

Forex Technical Analysis for 05/12—05/16 Week

EUR/USD trend: hold. 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 1.5001 1.5142 1.5311 1.5452 1.5621 1.5762 1.5931 GBP/USD 1.9078 1.9268 1.9403 1.9593 1.9728 1.9918 2.0053 USD/JPY 98.74 100.68 101.74 103.68 104.74 106.68 107.74 EUR/JPY 153.02 […]

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May 8
2008

One Financial — New CFD/Forex Broker

One Financial is quite a new Forex broker, that is actually specializing on CFD and other futures trading, but offers Forex trading services too. They offer Muslim-friendly accounts (with no interest or swap) and Arabic support — so, it’s quite clear that they are aimed on the traders from Middle East. Their trading conditions are quite common — 3 pips spreads on EUR/USD, $1000 minimum positions, wire and credit […]

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May 8
2008

Korean Won at Lowest since 2005

The South Korean won declined to its lowest level since November 2005, as the country’s central bank said that the weaker currency will be helping against the economic stagnation. The Bank of Korea decided to leave the interest rate unchanged at 5 percent points today as the inflation prevented using monetary policy easing to decrease the money cost and bust spending. This decision helped the […]

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May 7
2008

TradeView Forex — Another Broker from RCG

Today I’ve added a new Forex broker to the list on the site — TradeView Forex — another broker that is operated by the financial company Rosenthal Collins Group, LLC (first broker from this company, which hit my list, was RCG fxtrader). TradeView Forex offers MetaTrader 4 platform without CFD trading, limited demo accounts (30-day limit) and rather tight spreads (from 2 pips). For me, it doesn’t look like […]

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May 7
2008

EUR/USD Falls Today as Fundamentals Improve, Less Rate Cuts Expected

EUR/USD fell today significantly, recovering from its two-day fall that was observed this week. It went down by more than 0.8% today — from 1.5532 to 1.5380. Good fundamental indicators from U.S. helped dollar to strengthen on Forex. Productivity in business sector grew up in first quarter of 2008 according to a preliminary report that was released today. Annual rate of the seasonally adjusted productivity growth was 1.9% in Q1 — above […]

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May 7
2008

Dollar Rose on Hoenig’s Hawkish Comments

The U.S. dollar rose today during the late Asian Forex trading session, as the traders reacted on the hawkish commentary by the Federal Reserve Bank of Kansas City President Thomas Hoenig. Hoenig said that if the inflation pressures strengthen in U.S., Federal Reserve will probably increase the interest rates. According to him, the U.S. economy will recover from the current crisis later […]

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May 6
2008

AUD Stops Growth after RBA Statement

The Australian dollar stopped growing on the Forex market today after the Reserve Bank of Australia mentioned economical growth moderation in its monetary policy statement. The RBA kept its 12-year high interest rates unchanged at 7.25 percent points today during the scheduled monetary policy meeting ruled by Glenn Stevens. The Aussie has reached its 24-year record high level against the U.S. […]

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May 5
2008

Carnival of Forex Trading — May 5, 2008

Welcome to the May 5, 2008 edition of Carnival of Forex Trading. Amy S Quinn presents Top 25 Most Influential People in Forex posted at Currency Trading.net. Heather Johnson presents 5 Unusual Things That Adversely Affect the U.S. Dollar posted at Forex Blog | FX-BAR daily forex trading blog. Jed Norwood presents Successful Forex Currency Trader posted at Forex Strategy, […]

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May 5
2008

Bank of America Confident on INR Growth

The Indian rupee is going to grow in the coming months as the central bank will probably rise the interest rate and will allow currency’s appreciation according to Bank of America strategist. This is not very popular scenario among the currency market analysts, but Bank of America and some other investment institutions think that the rupee will rise more than 9% by the year’s end and the […]

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