Breaking News
February 5
2008

Risk Control in Forex — New E-Book

I’ve recently ran across an interesting money management book â€” Money Management: Controlling Risk and Capturing Profits by Dave Landry. It’s a short e-book, written in four parts. First part simply explains why the risk management is important in the financial trading. Second part gives some interesting advices to organize your money management strategy, or to help you create one. Third part is where some of the Forex professionals are sharing their experiences […]

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February 5
2008

Yen Falls against High-Yeilders

Japanese yen continued to fall against other currencies today during the Asian session after the Reserve Bank of Australia lifted its interest rate to the historically high value â€” 7.00%. Investors sought to gain interest-based profits on such currency pairs as AUD/JPY, NZD/JPY and GBP/JPY, while the economy recession risks were slightly pulled back by the recent Fed’s rate cuts. Many Forex traders moved out of the carry trade positions after the global […]

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February 4
2008

Moved to WordPress Finally!

Enough with the Blogger, its glitchy publishing system and the limited settings choice. I’ve decided to move my Forex blog to WordPress, as I find it very good CMS for my needs. Of course, in the beginning there will be a lot of things messed up because of it, but now you will probably have a better experience with the whole more clean blog. And the posts will be actually posted without waiting periods of more than 10 hours (because sometimes Blogger just […]

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February 4
2008

Australian Dollar Continues Gain against U.S. Dollar

Today during the Asian trading session on Forex Australian dollar continued its bullish trend against the U.S. dollar and reached the new maximum value since 14th of November, 2007. This gain follows up the previous week of growth on AUD/USD, which has yielded more than 2.7% rise to the Aussie. The driver of the today’s growth is the widely spread speculation that the Reserve Bank of Australia will go for the rate increase tomorrow. If the interest rate in Australia will […]

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February 3
2008

Polish Zloty Gains for Second Week

The rising interest rates difference between the U.S. and Poland stimulated the second week of Polish zloty’s growth against the U.S. dollar. While the U.S. government and Federal Reserve remain concerned with the the rising recession risks, the Polish government and monetary authorities aim towards the inflation slowing. After it became known on Friday that the inflation in Poland reached the upper limit of the target level, investors became more confident in that the National Bank of Poland will […]

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February 3
2008

Carnival of Forex Trading — February 3, 2008

Welcome to the February 3, 2008 edition of Carnival of Forex Trading. Nate presents Scalping: Don’t Lose Your Head posted at Legion Forex, saying, “Become a legionnaire!” Raymond presents Invest In Gold As A Hedge Against Inflation, Recession, and The Weakening Dollar posted at Money Blue Book. Jed Norwood presents Having Profitable Losses posted at […]

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February 2
2008

Canadian Dollar Grows on Improving Conjuncture

Canadian dollar rose this week again, after its sharp turn back from the long-term growth to the depreciation against the U.S. dollar. This growth was predated by the signs that the U.S. economy won’t be heading into recession soon. Canada is heavily relying on its commodities export and the possible weakening of its major consumer pressed significantly on the national currency. While the U.S. dollar was losing against all […]

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February 2
2008

Forex Technical Analysis for 02/04—02/08 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 1.4390 1.4526 1.4662 1.4798 1.4934 1.5070 1.5206 GBP/USD 1.9230 1.9438 1.9543 1.9751 1.9856 2.0064 2.0169 USD/JPY 103.92 104.82 105.67 106.57 107.42 108.32 109.17 EUR/JPY 151.70 153.63 155.63 157.56 […]

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February 1
2008

AUD, NZD Going for 5th Daily Gain

Today both the Australian and New Zealand dollars continued their daily growth against their counterpart from the United States on willingness of the Forex traders to earn from the interest rates difference. Two days ago Federal Reserve lowered its benchmark interest rate by 50 basis points to 3.00%, widening the gap between the record high interest rate in New Zealand. Australia remains one of those countries that may decide to rise […]

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February 1
2008

Falling Nonfarm Payrolls Fail to Support EUR/USD

Nonfarm payrolls is one of the most important indicators of the U.S. economy’s health. Market analysts expected it to grow up in January by 50,000. But in reality it didn’t grow at all, instead it dropped by 17,000. At first, this fueled dollar bears’ activity and drove EUR/USD up close to the historical borders, but then, after release of some other important indicators, it went down to about 1.4800. The part of the employment […]

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