Breaking News
April 23
2008

Aussie Rallies on Q1 CPI Data

The Australian dollar reached a fresh 24-year high against the U.S. dollar today as the consumer prices in Australia soared above the market’s expectations in March and are now pressing on the central bank to go for the further interest rate hikes. March CPI was reported at 4.2% (annual rate) — highest inflation rate in more than 4 years. The market analysts expected a 4.0% growth rate. On the […]

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April 22
2008

Dollar Sinks, EUR/USD Reaches 1.6011

Euro reached a new historical maximum against the U.S. dollar today after another European Central Bank official stated that the bank will be acting thoroughly in order to keep the consumer price inflation rate down. According to Christian Noyer, the ECB is not going to ease the monetary policy because of the strong inflation in Eurozone. And while some European countries vote for a weaker […]

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April 22
2008

Forex-Metal — Broker with MT4 and PayPal Support

I’ve added a very new Forex broker to the site today — Forex-Metal. Its website is still very raw and there is not very much information about this broker on the internet. But I thought that it should be listed because it has one rare feature — it supports both MetaTrader 4 platform for trading and PayPal payment system for deposits and withdrawals. It also supports WebMoney and wire transfers […]

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April 22
2008

CAD Down before Central Bank Meeting

The Canadian dollar was falling slightly yesterday and today against the other world currencies as the traders expected the interest rate decision of the Bank of Canada monetary policy meeting, which is scheduled for 22nd of April. The total drop of the Canadian dollar (or so called Loonie) against the U.S. dollar this year is at 1.6% after a 17% gain last year. The drop increased this […]

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April 21
2008

Dollar Decline May Slow but Will Continue

The U.S. dollar decline versus the European currency has slowed down recently as the investors relied on the intervention by the G7 to overcome the global currency imbalance and strengthen the dollar. Although the finance ministers of the Group of Seven countries are concerned with the overapreciation of the euro against the U.S. dollar, the currency volatility is their primary concern. Elevated volatility is what […]

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April 19
2008

Forex Technical Analysis for 04/21—04/25 Week

EUR/USD trend: buy. 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 1.5352 1.5510 1.5664 1.5822 1.5976 1.6134 1.6288 GBP/USD 1.9325 1.9464 1.9721 1.9860 2.0117 2.0256 2.0513 USD/JPY 96.75 98.53 101.09 102.87 105.43 107.21 109.77 EUR/JPY 153.50 […]

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April 18
2008

South Korean Won Slids Deep

The South Korean won fell sharply against the U.S. dollar this week and reached its monthly low against the USD today despite the very weak dollar’s positions and the bullish trend in the Chinese yuan, which is the one of the dominating Asian currencies. The South Korean government officials are responsible for the strong pledges to support the weakening of the […]

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April 17
2008

Yen Weakening against Euro, Pound

The Japanese yen continued its fall against the high yielding currencies today, especially against a very strong bullish euro, and reached 3-month minimum value against it, as the stock market rallies spurred carry trade popularity on Forex. The yen dropped also against the New Zealand and Australian dollars because of their high interest rate, which makes them the perfect counterparts […]

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April 16
2008

EUR/USD Comes Closer to 1.6000

The U.S. dollar fell down to another historical minimum level against the euro today, as the strong technical resistance has been breached and the fundamental economic statistics in U.S. has failed to keep the USD up on the Forex market. Apart from the bad data from the U.S. housing sector and the commercial crude oil inventories, additional fundamental pressure was applied […]

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April 16
2008

Minor Fixing in MT4 Indicators

Due to some new code processing rules in the fresh versions of the MetaTrader 4 platform (I don’t know exactly from which build they’ve changed it) some of the indicators on my site stopped working right or just started to show errors in the platform’s log. Thanks to some conscious visitor, who notices the error and contacted me about it, I’ve corrected this issue with all three indicators that had such problem: Aroon Up & Down, Beginner, Float. I guess you’ll have to download […]

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