Breaking News
March 31
2008

DeltaStock — Bulgarian Forex Broker

An interesting Forex broker reached my attention recently — DeltaStock. It’s a Bulgarian registered brokerage company, which is operating on the on-line Forex market since 2001. DeltaStock also offers CFD, metals, commodities and stocks (only Bulgarian companies) trading. It offers both fixed and variable spreads to choose from and both downloadable and browser trading platforms to trade. I think that this broker would be quite interesting […]

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March 29
2008

Reserve Bank of New Zealand Governor Says He Won’t Cut Rates in 2008

The Reserve Bank of New Zealand Governor, Alan Bollard, said yesterday that he won’t be reducing the country’s key interest rate from its record high value in 2008, because the national inflation still remains the major concern. In the fourth quarter of 2007 New Zealand CPI increased 3.2% — above the central bank’s target of 3.0%. In the same time economy grew 3.7% — its best expansion since 2004 and […]

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March 29
2008

Forex Technical Analysis for 03/31—04/04 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509 GBP/USD 1.9307 1.9533 1.9739 1.9965 2.0171 2.0397 2.0603 USD/JPY 95.62 97.09 98.11 99.58 100.60 102.07 103.09 EUR/JPY 148.49 […]

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March 28
2008

Personal Income Sends Dollar Up

The U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947. Personal income rose 0.5% in February — above the forecasted and the previous month’s 0.3% growth. Personal income […]

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March 28
2008

Won Heading for More Losses

The South Korean currency is heading for more losses as the government is searching for ways to support the exporting companies and the economic growth. The won is the second weakest major currency after the South African rand since the beginning of 2008 and is the first losing currency for March. According to Citigroup’s analysis the Korean finance ministry will win with the Bank of Korea […]

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March 27
2008

U.S. Dollar Steady Ahead of GDP Release

The U.S. dollar is trading higher than its yesterday’s close level now as the investors are waiting for the fourth quarter GDP data to be released today. The final value of the fourth quarter 2007 U.S. gross domestic product and the weekly initial jobless claims number will be released today and can significantly change the dollar’s trend on Forex. If the GDP value is released below 0.6% […]

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March 27
2008

GDP Stats Support Dollar

EUR/USD turned to a mainly bearish trend after the GDP and unemployment statistics were released in U.S. today at 8:30 EST. Dollar went up from 1.5845 to 1.5750 dollars per euro. The gross domestic product in the fourth quarter of 2007 gained 0.6% as was forecasted by the major market analysts and the previous GDP report. While the value is definitely low, it’s still above zero and it also held stable against […]

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March 26
2008

Pound Falls on Account Deficit

The commentary on the current account deficit in United Kingdom pulled the Great Britain pound down today, as it added one more reason for the British currency to be less favored by the Forex trading institutions. The Bank of England’s executive director and chief economist, Charlie Bean, spoke before the Treasury Select Committee today, saying that the size of the current account gap is likely to keep […]

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March 26
2008

EUR/USD Still Grows Today

EUR/USD gained more than 100 pips today as it continued to grow on Forex before and after the fundamental news releases in U.S. Some of those releases were rather neutral, while one was particularly bad. Although EUR/USD descended from its historical maximums it is now starting to return to the bullish trend. Durable goods orders in February dropped 1.7%, while a growth of about 0.8% was expected. It followed the […]

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March 25
2008

New Life of Sample Expert Advisor

Today’s update to the MetaTrader expert advisors on my site isn’t very original. For many people MACD Sample expert advisor was the first EA that they tried on the MT4 strategy tester. It’s a well known sample advisor from MetaQuotes, designed to show the basic Forex strategy implementation for the MQL. The one that is now freely available on my site differs slightly from the original version. I’ve decided to make […]

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