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February 112008
Rand — Worst Performer so Far
The strongest African economy may soon lose its position at least so tells us its currency. South African rand appears to be one of the worst performing currency of 2008. Rand, being an indicator of the national economys health, was the top loser against the U.S. dollar this January with a loss exceeding 4.4%. Although gold and platinum (South African export commodities) were appreciating fast last month, traders were concerned with electricity […]
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February 112008
Position Size Calculator and Pip Value Calculator
Ive added a new calculator to the Forex tools section of the site its a Position Size Calculator. Its largely inspired by the Forex Position Size Calculator created by Rich Paredes from ForexProject.com. Ive tried to improve it with own vision of the position size calculation and now you can check it out. It calculates position size in units and lots, it also returns the amount of risked money or the risk ratio for your position. Account currency and leverage are stored in the cookies. Pip […]
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February 92008
Joaquin Almunia: Euro Above Equilibrium
Today before the G7 meeting in Tokyo, Japan, Joaquin Almunia, who is currently European Commissioner for Economic & Financial Affairs, told the reports that the European currency is still above its fair value. Despite the euro has already stopped its fast appreciation against the U.S. dollar, started a possibly strong decline against the Japanese yen and now is growing only against […]
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February 92008
Forex Technical Analysis for 02/1102/15 Week
EUR/USD trend: sell. 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 1.3939 1.4189 1.4348 1.4598 1.4757 1.5007 1.5166 GBP/USD 1.8900 1.9144 1.9300 1.9544 1.9700 1.9944 2.0100 USD/JPY 104.32 105.12 106.22 107.02 108.12 108.92 110.02 EUR/JPY 148.97 […]
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February 82008
Pound Recovers against Euro, Dollar, Yen
Today the Great Britain pound started to recover from the week-long losses against the other major currencies, such as the U.S. dollar, euro and the Japanese yen. Thats quite a surprise for the Forex traders, because yesterday BoE reduced the official Bank Rate by 0.25% and the pound was falling down strongly, especially against dollar. The only currency which reversed […]
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February 82008
Traders Dynamic Index MetaTrader Indicator
I published a new complex MetaTrader indicator on the site today its called Traders Dynamic Index. It has almost everything the Forex trader needs: trend direction indicator, trend strength indicator and the market volatility measurement tool. But despite these cool features it is very simple to use. This indicator was sent to me by one of the sites visitors, but it most probably originates from www.compassfx.com. Heres a quick guide to using this indicator (I recommend reading the full […]
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February 72008
BoE Lowers Rates, ECB Holds Them
Today two important interest rates decision were highly anticipated by the markets â the monetary policy decisions by the European Central Bank (ECB) and the Bank of England (BoE). Before both of the banks released their monetary policy statements, the majority of the economic analysts were predicting the results. It was expected that BoE will lower the rates, while ECB will abstain from reducing or increasing the interest rates. Both predictions became real â the Bank […]
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February 72008
USD Rallies Up as BoE Cuts Interest Rate
Dollar (and, actually, Japanese yen too) showed a major triumph on Forex market today after the Bank of England decided to go down from 5.50% to 5.25% on the main interest rate. And despite, while BoE lowered the rate, ECB held the rate at the same 4.00% value, dollar bulls pushed EUR/USD down as well as the GBP/USD currency pair. And thatâs on the disappointing fundamental data coming out in U.S. U.S. initial jobless claims […]
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February 72008
South African Reserves Gold Value Increases
Last month South African Reserve Bank bought less foreign currency reserves than in December 2007, as one of the ways to help the rand avoid further weakening. Spurred by the exports of now expensive commodities South African national reserves continued to grow in January, as the government tried to improve the national currencyâs position. Record high reserves in foreign currency and gold also help stabilizing the whole […]
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February 62008
Yen at Two-Week High against Pound, Euro
Yesterdayâs triumph of the currencies against the Japanese yen didnât last too long. Today yen soared up to the two-week high against the euro and the Great Britain pound on the bearish stock market trading session. Yen also rose against U.S., Australian and New Zealand dollars, but didnât exit the medium-term bullish trend on the latter two. USD/JPY is going sideways on Forex for almost 3 weeks now. The Japanese yen also posted significant gains against the emerging marketsâ […]
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