Breaking News
November 25
2007

marketindex by ABN AMRO

Some traders don’t like trading with brokers registered in some offshore zone with a little or no regulation at all. For these customers exist such Forex brokers as marketindex. ABN AMRO marketindex is the broker which offers financial market trading services as the division of one of the largest banks in Europe. marketindex offers Forex, CFD, commodities and indexes trading. They offer their own custom Java based platform (you […]

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November 24
2007

ZAR/JPY Going South

Another carry trade crisis victim — South African rand saw its bad times during the past week. ZAR closed on its lowest rate against Japanese yen (which can be easily called the “favorite” of the week) since the mid September — 15.8549 yens per rand. Given the 10.5% yield on the overnight interest kept in South African currency and Japanese yen’s 0.5%, ZAR/JPY make a perfect pair to earn nearly […]

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November 24
2007

Rupee Low After Intervention

Indian currency ended at its lowest rate against U.S. dollar on Friday, being on its weakest since October 23. USD/INR closed on 39.71 level yesterday, after international investors and global corporations were moving out their funds out of Indian currency. Concerned with global volatility and elevated risks in emerging economies, traders sold rupee for dollar […]

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November 24
2007

Forex Technical Analysis for 11/26—11/30 Week

EUR/USD trend: hold.GBP/USD trend: sell.USD/JPY trend: hold.EUR/JPY trend: sell. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4303 1.4462 1.4649 1.4808 1.4995 1.5154 1.5341 GBP/USD 2.0151 2.0301 2.0463 2.0613 2.0775 2.0925 2.1087 USD/JPY 103.35 105.45 106.88 108.98 110.41 112.51 113.94 EUR/JPY 155.06 157.26 158.99 161.19 […]

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November 23
2007

Oman Has No Plans to End Peg to Dollar

Hamud Bin Sangur al-Zadjali, the Central Bank of Oman Governor, spoke during European Banking Congress in Frankfurt today, speaking that Oman has no plans to end its peg to U.S. dollar. While some GCC countries already ended peg to dollar (Kuwait in May, 2007) and some countries planning to do so by the end of […]

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November 23
2007

Canada’s Finance Minister Satisfied with Lower CAD

Jim Flaherty, Canadian Minister of Finance, said today that he is glad to see Canadian dollar losing against U.S. dollar on Forex, after there were almost three month of unstoppable appreciation of the Canada’s currency. As the rallying Canadian dollar’s appreciation hurts exporters, Canada’s economy could be at the risk, giving government another concern to worry about. Minister spoke at the Oshawa Chamber of Commerce at the meeting entitled “Moving Canada […]

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November 23
2007

ActiveTrades — Multipurpose Forex Broker

ActiveTrades is my new addition to the Forex brokers list. It is quite an old on-line British broker, which allows not only Forex trading (via MT4 platform), but also stocks CFD trading and the access to the world exchanges: CME, CBOT, NYMEX, COMEX, LIFFE, EUREX, IDEM, NYSE and NASDAQ via futures trading. ActiveTrades also supports many different trading platforms: MetaTrader 4, J Trader, Ninja […]

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November 23
2007

EUR/USD Spikes To New Maximum

Dollar slid to its new historical bottom rate against euro hitting 1.4967 on EUR/USD. Missing the marvelous 1.5000 pint by about 30 pips, EUR/USD retraced by 150 points back as the Forex traders consolidated their profits on the rally. Another week without any supporting for dollar may probably break this resistance. As it seems the […]

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November 22
2007

Learning Flawless Execution of a Trading System

A new trader’s psychology related e-book for you to read: e-book by Mark Douglas It’s more like an article — just 4 pages long, but it contains a useful information for all Forex traders that have problems in applying a trading strategy. Sometimes, it seems that you know better than your strategy and you correct its actions. Mark describes why such approach is completely wrong and tells […]

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November 22
2007

Canadian Dollar Dips On Bada Statistics

Yesterday Canadian dollar reached its monthly minimum levels after the macroeconomic statistics were released by Canada’s National Statistics Agency. September 2007 retails sales fell by 0.2 percents compared to previous month. USD/CAD traded at 0.9923 on Forex as the data was released. Given such  a pessimistic background for the next Bank of Canada meeting, which will be held on 4 December, overnight interest rates might be cut by 25 […]

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