Breaking News
March 25
2008

Australian, N.Z. Dollars Rise for Second Day

Both Australian and New Zealand dollar continued to rise today after the yesterday’s fast growth as the investors remained confident in the stock markets’ improvement and in the carry trade. The most notable losers against the Aussie and Kiwi for today are the Japanese yen and the U.S. dollar. Both currencies have the significantly lower interest rates associated with them […]

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March 24
2008

Yen and Franc Decline on Rising Stocks

The Japanese yen declined today from its recent high values against the U.S. dollar, pound and euro as the global stock markets gained and the high-yielding assets looked more attractive than on the last week. The yen was joined by another low-risk currency — the Swiss franc. They both started this week with a decline against the more risky currencies after Fed spurred investors’ activity in U.S, Europe and Asia. Good news […]

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March 24
2008

Indian Rupee Appreciates on Market Revival

The Indian rupee rose significantly today on Forex as the markets were restoring from the recent sharp fall and the economies of the developing countries started to receive more capital inflows. The Indian currency gained more than 1% after reaching its half-year bottom rate against the U.S. dollar on March 17. U.S. Federal Reserve lowered the interest rate last week and ruled […]

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March 23
2008

GFS Forex & Futures — New Broker on My Site

A new Forex broker was added to the list of PayPal Forex brokers on my site today — GFS Forex & Futures. Apart from having the long name and accepting PayPal as one of the funds transferring methods this broker can boast being a registered member of NFA and CFTC. GFS Forex & Futures offers a custom Forex trading platform — OperaFX Pro. To start trading with them […]

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March 22
2008

Forex Technical Analysis for 03/24—03/28 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 1.4742 1.5069 1.5250 1.5577 1.5758 1.6085 1.6266 GBP/USD 1.9074 1.9405 1.9610 1.9941 2.0146 2.0477 2.0682 USD/JPY 92.00 93.86 96.72 98.58 101.44 103.30 106.16 EUR/JPY 145.92 […]

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March 21
2008

FX Wizard — Forex Trading Book of Rules

A new addition to my strategy Forex e-books collection arrived today and now can be downloaded by everyone — it’s FX Wizard by Rob Walton. This e-book is about almost everything that is connected to the successful Forex trading — basic money management, discipline, the overall systematic behavior of the trader and, of course, the trading system development. It’s intended for the experienced Forex traders that know the basics and are […]

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March 21
2008

Chilean Peso Falls on Lower Copper Price

Chilean peso fell from it’s recent record high value against the U.S. dollar yesterday as the copper price slid down significantly on the global concerns of thedecveloped economies’ slowdown. Although the Chinese economy, one of the biggest copper importer, is still showing a significant growth, the concerns that it will slow down due the global financial crisis are bothering commodity traders. Copper is the […]

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March 20
2008

Dollar Reverses Previous Losses

EUR/USD reversed almost fully its previous weekly earnings today. It fell from 1.5642 to 1.5419 — that’s more than 1.4% in a single day. The euro, being fundamentally overbought, was doomed to a correction. But such a fast drop can mean something more than a short-term correction wave. Though the fundamental data that came out today in U.S. wasn’t very good for dollar. Initial jobless claims last week […]

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March 20
2008

Inflation Pushes Yuan to Highest Rate

The Chinese yuan rose to the highest rate against the U.S. dollar since the end of the yuan’s peg to dollar in 2005 as the government is believed to start fighting the domestic inflation rate more devotedly. Yuan has already gained more than 3.4% since the beginning of the year, and, according to the yesterday’s report by the People’s Bank of China, the dollar is expected to depreciate further during the first […]

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March 19
2008

6 Digit Forex Quotes and MetaTrader Expert Advisors

Many Forex brokers have started to offer 6 digit Forex quotes to via the MetaTrader 4 terminal recently. It has a lot of benefits for the scalping traders and opens up many new trading possibilities for others. But there seems to be a problem with almost all expert advisors that are applied to the MetaTrader 4 platform, which uses 6 digit Forex quotes instead of the more conventional 5 digit format. […]

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