Breaking News
March 13
2008

FxPro — MT4 Broker with Annoying Website

FxPro is a relatively new MetaTrader Forex and CFD broker, which I’ve found out recently. I’ve seen the ad for this broker on some cable channel and decided to check it out on-line. Not many Forex brokers advertise on TV nowadays, so I was kind of interested. What I really didn’t like a lot about FxPro was their website — speaking flash marketers isn’t something I expected from the good user-friendly website. Some of the […]

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March 13
2008

EUR/USD at 1.5626, Fundametals Continue to Disappoint

EUR/USD reached a new absolute maximum value today not so long after the opening of the European trading session. It touched 1.5626 and then traded slightly below that level. Bad economic news from the U.S. failed to move the currency pair upwards. EUR/USD even started to correct after those releases. Retail sales in February dropped 0.6%, while the retail sales excluding the motor […]

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March 13
2008

USD at Record Low against Euro, Yen

The U.S. dollar reached a new historical minimum against the euro today; it also fell below the 12-year old minimum level against the Japanese yen on the expectations of the more interest rate cuts from the Fed. The record on EUR/USD was broken yesterday when it reached 1.5571 after even Bush’s speech about a strong national currency preference couldn’t help combat the pessimistic expectations regarding […]

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March 12
2008

Rand Gains for a Fourth Day

The South African rand gained against the U.S. dollar for the fourth day today as the stock markets throughout the world were stimulated by the Federal Reserve’s decision to pump about $200 billion into the global banking system. The rand grew not only against the U.S. dollar, but most significantly against the low-yielding Asian currencies, as the investors favored high-risks assets […]

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March 12
2008

New Record on EUR/USD at 1.5526

The February Treasury budget deficit beat the last signs of life out of the fadollar today as the released numbers were far worse than the most pessimistic expectations of the economic strategists. The budget deficit was at $175,6 billion, while the forecasted value was at $170,0 billion. Last year February budget deficit was at $120,0 billion. That’s an astonishing $55 billion (45.8%) increase of the deficit in a year-to-year comparison. EUR/USD hit its new record value on Forex today after the news […]

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March 11
2008

How to Control Yourself in Forex?

Joe Chalhoub presents an article about how to become a real Forex trader, not some opportunist who is trying to reap some fast rewards and become a millionaire in no time. Foreign exchange market has became very attractive for many people recently. Traders come with hopes and go without after losing some their hard-earned money. Taking control in trading, developing your own organized approach to trading […]

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March 11
2008

U.S. Trade Balance Improves

Although the U.S. trade balance deficit in January has actually widened compared to December’s revised value, it was significantly below the analysts’ expectations. The negative difference between the exported and imported goods’ value was at -$58.2 billion which is slightly above the December’s -$57.9 billion (revised up from -$58.8 billion). The trade balance deficit was expected to increase from $58.8 billion to $59.0 billion. The reason for the deficit “widening” […]

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March 11
2008

Korean Won and Other Asian Currencies Down Today

Today the majority of the Asian currencies, including the South Korean won, fell down on the Forex market as the investors expected that the global financial turmoil will decrease the capital inflow into the emerging Asian economies. Even the Japanese yen declined today against the other major currencies today, almost reversing the yesterday’s strong gain. The South Korean won […]

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March 10
2008

Canadian Dollar Slipped Down on Risk Concerns

The Canadian dollar dropped on Forex today, mainly against the U.S. dollar and the Japanese yen, as the investors favored less commodity-dependent currencies. Commodities fell down during the European session and continued to fall during the New York trading session. Crude oil, gold and copper declined, as the traders were concerned with the slowdown of the U.S. economy. It’s an interesting situation […]

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March 10
2008

New Zealand and Australian Dollar Lose to Yen

The New Zealand and Australian currencies continued their bearish trends against the Japanese yen today and dropped on Forex market during the Asian trading session, as the Japanese stock market plunged. The popularity of the carry trade using the Aussie and Kiwi as the long currencies and the yen as a short currency is currently experiencing a downtrend that lasts since the 26th […]

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