Breaking News
February 21
2008

CAD Grows for Second Day

The Canadian dollar continued to grow today after rising from the one month bottom in which it has been until yesterday. Oil rose to the record high levels above $100 per barrel recently adding interest to one of the largest oil-exporting economies. Earlier the Canadian dollar experienced a long bearish trend spurred by the recession fears in U.S. and a possible slowdown of the global economy growth, which could have pulled Canadian commodities-exporting economy down. […]

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February 21
2008

Philadephia Fed Index Signal Worsening, Dollar Falls Sharply

EUR/USD gained more than 100 pips today on the bad macroeconomic data coming out in U.S. This currency pair went up from 1.4714 at the opening of the Asian trading session to 1.4816 at the end of the New York session. GBP/USD also grew very fast today — from 1.9420 to 1.9622. The major trend movement against the European currency happened after the release of the Philadelphia Fed’s business activity index, […]

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February 20
2008

FOMC Minutes Show that Fed Worry

The release of the FOMC minutes for January 29/30 meeting today gave traders more insight about the Fed’s vision and strategy. Dollar started to lose its positions right after the release and shortly reversed its daily gain against euro. In the released document, members of the committee expressed a worry about the global slowdown of the advanced economies, current state of the housing, consumer and financial sectors. Long-term securities markets, according to minutes, are also experiencing the excess volatility: […]

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February 20
2008

Yuan on Record Rally Spree

Today was the fifth straight day when the Chinese yuan grew against the U.S. dollar and other major Forex currencies after the People’s Bank of China introduced its new anti-inflation policy. During the China Foreign Exchange Trade System trading session today the Chinese yuan gained 0.1%, rising from 7.1580 to 7.1510 per 1 U.S. dollar. Since the beginning of 2008, USD/CNY lost […]

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February 20
2008

CPI Advances Moderately, Moves Dollar Up

CPI release for January along with some moderate data on housing lifted traders’ expectations and spurred some good growth of the U.S. dollar with both EUR/USD and GBP/USD losing about a half percent for the day. It may be a good sign for the dollar bulls eventually as it is almost definite now that the recession is either ending or is not going to happen at all. January CPI […]

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February 19
2008

Interview with FXCM

This my first interview with a major Forex broker. Jaclyn, Public Relations Coordinator of the FXCM broker. Decided to answer some of the questions I’ve sent them via e-mail. The questions touch various topics and should be interesting not only to the current customers of the FXCM, but also to any trader who is interested in a current on-line Forex trading situation. Bad thing is that answers sound too commercial, in my opinion. But that shouldn’t be a problem anyway. […]

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February 19
2008

AUD Up on Interest Rate Increase Expectations

The Australian dollar rose today against other major currencies, as the bank’s minutes release hinted markets that the Reserve Bank of Australia will probably increase the interest rate by 25 basis points again next month. AUD/USD gained more than 1.2% today, making it a second such day for this currency pairs. AUD/JPY had just a minor gain today, but nevertheless it’s already a 7th day in a row. EUR/AUD declined from 1.6164 to 1.6008 today […]

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February 18
2008

Recession in Japan May Reduce Gains in Yen

According to, Toyoo Gyohten, the president of the Tokyo based Institute of International Monetary Affairs, the Japanese economy may enter a short period of recession soon and that will slow down or even reverse the yen?s appreciation trend. As the result of this possible recession, Japanese yen will be traded inside the 105-110 range against the U.S. dollar, while earlier analysis predicted that the 100 rate […]

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February 18
2008

Pivot Points Indicator for MetaTrader

A new indicator is available for download now â€” it’s TzPivots. It shows the daily pivot points directly on the MetaTrader chart. It’s easy to use â€” you only need to set two input parameters for it to work properly: LocalTimeZone — should be set to your MetaTrader server’s time zone shift in hours relative to the GMT. E.g. if your charts in MT4 are for GMT-5, then you should enter “-5” […]

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February 18
2008

Hedging Strategies in Forex

There are two new Forex articles that I have uploaded on my site today. They are written by Mary McArthur and they both are about hedging in Forex. Hedging is a simultaneous buying and selling of the same trading instrument. It has a great potential on the volatile and less trendy markets. One articles describes the Forex hedging in general, while another is about a grid hedging system, which exploits the fast swings in both direction on such […]

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