Breaking News
March 4
2008

BTRFX Unlisted from Brokers List

I had to remove Boston Trading and Research form the my Forex brokers list, because judging from their website BTRFX is no longer a retail broker. Now they offer managed Forex accounts and are performing quite well (according to BarclayHedge). Personally, I wouldn’t trust them too much, because they don’t seem to be registered with any U.S. or international regulator. According to some Forex related forums’ posts (babypips.com and […]

Read more
March 3
2008

JPY Grows on Stock Plunge in Japan

The Japanese yen rallied today during and after the Asian trading session, as the stock market in Japan plunged rapidly today. The risk-averting investors’ massive sell-off cut the NIKKEI 225 index by almost 4.5%. The yen ended the last week on Forex with a significant gains against U.S. dollar, Australian and New Zealand dollars, euro and pound. It happened, because bad economic statistics in U.S. spurred pessimistic sentiments on all stock markets, leading to the growth […]

Read more
March 3
2008

Martingale Trading System in Forex

Martingale system is a popular betting and trading system, which is commonly used in bets with equal or close to equal chances (red-black, odd-even, heads-tails etc.) According to martingale system gambler (trader) should double his bet after every loss and return the bet to initial amount with every winning bet. E.g. gamblers bets $10 on red, if he wins he bets $10 again, if he loses he bets $20 on red, if he loses again he bets $40 etc. If the gambler is has […]

Read more
March 3
2008

EUR/USD Renews Its Maximum

Today EUR/USD renewed its historical maximum value on Forex. It touched 1.5275 shortly after the news releases from U.S. concerning the construction spendings and ISM index for manufacturing business came out. The currency pair dropped down significantly after hitting this new maximum and is now trading near 1.5210. Construction spending in January fell compared to […]

Read more
March 2
2008

Carnival of Forex Trading — March 2, 2008

Welcome to the March 2, 2008 edition of Carnival of Forex Trading. Sagar presents 13 Unconventional Factors that Affect the Dollar posted at CurrencyTrading.net. ioventuresinc.com presents Forex Trading The News | Tips and Tricks posted at Forex Strategy Secrets, saying, “Trading the news can be very profitable, but can also produce some of your biggest […]

Read more
March 1
2008

Australian Dollar at 24 Years High

After one of the worst weeks for the U.S. dollar and the attraction of the large capitals to the high-yielding assets this week, the Australian dollar reached its record high value against USD in 24 years. AUD/USD touched 0.9496 two days ago — it was the highest level since March 1984. The overall weekly gain wasn’t very impressive (under 0.9%) because the currency pair corrected significantly on Friday. Aussie remained the second best performing currency against the U.S. […]

Read more
March 1
2008

Forex Technical Analysis for 03/03—03/07 Week

EUR/USD trend: hold. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4431 1.4605 1.4891 1.5065 1.5351 1.5525 1.5811 GBP/USD 1.9324 1.9469 1.9680 1.9825 2.0036 2.0181 2.0392 USD/JPY 97.67 100.67 102.20 105.20 106.73 109.73 111.26 EUR/JPY 152.25 […]

Read more
February 29
2008

South Korean Won Corrects against USD

South Korean won was among the other Forex traded currencies that triumphed over the U.S. dollar during this week as the USD was losing its ground on many areas. But today USD/KRW corrected from its almost two-month bottom. The current account deficit in South Korea is seen as one of the most important monetary problems recently and while the dollar is losing […]

Read more
February 29
2008

Dollar a Bit Stronger at the Week’s End

The  U. S. managed to fall to another record low value today at 1.5238 per euro but recovered from a daily loss and even gained somewhat against the European currency. Personal income statistics was a little better than expected today and Michigan consumer confidence index was also revised towards the improvement. Personal income in January rose by 0.3% — better than the expected 0.2%, but […]

Read more
February 28
2008

EUR/USD at 1.5179 After GDP News Release

GDP release today in U.S. pushed dollar down after yesterday’s macroeconomic statistics and allowed EUR/USD to reach a new record at 1.5179. Meanwhile GBP/USD decelerated its pace a little and turned to a less bullish trend today. The preliminary GDP data for the third quarter showed 0.6% growth — the same as it was in the advance release a month ago, but below the expected 0.8%. That’s quite a poor […]

Read more