Breaking News
November 14
2007

Low Producer Prices Inflation Helps Dollar

After Bureau of Labor Statistics reported its statistical data for October Producer Price Index (which indirectly affects Consumer Price Index with a time lag) today, U.S. dollar began reclaiming some of its strength against major currencies. Most notably — against Euro which grew significantly against all majors today. After PPI report dollar went back from past 1.4700 levels to 1.4670 levels. […]

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November 13
2007

Bank of Japan Pushes Yen Down

Bank of Japan decided to leave its monetary unchanged on today’s meeting upon releasing its monthly statement on the Japanese economic development. BoJ also left no signs of possible interest rates hike in the near future, leaving carry traders with the opportunity to continue using yen as the selling currency. Preceding the BoJ meeting, Prime Minister Yasuo Fukuda spoke about recent yen’s appreciating against major currencies as fast and bearing […]

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November 13
2007

Will Better Budget Deficit Help USD?

U.S. dollar started its decline against other majors almost with the beginning of today’s Asian trading session. EUR/USD broke through 1.4600 level but fell from it several times. Overall trading day for EUR/USD can be described as the “highly volatile correction”. The only important (to Forex market) economical data from U.S. today is Federal budget deficit figures by U.S. Treasury. It came out […]

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November 11
2007

Forex Technical Analysis for 11/12—11/16 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 1.4188 1.4316 1.4496 1.4624 1.4804 1.4932 1.5112 GBP/USD 2.0357 2.0569 2.0736 2.0948 2.1115 2.1327 2.1494 USD/JPY 104.87 107.69 109.18 112.00 113.49 116.31 117.80 EUR/JPY 155.03 158.59 160.52 164.08 […]

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November 6
2007

Currency Trader — Free Forex Magazine

Currency Trader is one of my favorite monthly read. It is published every month by http://www.currencytradermag.com/ website and contains many articles by professional authors. Articles vary from covering recent news topics to technical analysis matters, to fundamental macroeconomic factors. From every issue I learn a lot of important information on global economics and some interesting connections between various financial markets and Forex. For those who don’t have economic education […]

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November 5
2007

New Metatrader Broker — iTradeFX

I’ve added a new MetaTrder 4 Forex broker to the Forex brokers section today — iTradeFX. It’s not a new broker to the on-line market, in fact it offers trading services since 2004, but it is a new broker to my site. iTradeFX has its own trading platform — WinTrader (along with a more common MetaTrader 4), which in my opinion is much inferior to MT4, though I’m sure it is […]

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November 4
2007

Carnival of Forex Trading — November 4, 2007

Welcome to the November 4, 2007 edition of Carnival of Forex trading. More general articles these time with a more detailed approach on pivot points trading and trailing stop technique. Allen Taylor presents Doubling Stocks With A Small Bankroll posted at Investing World Today, saying, “Successful traders know that you should never risk more than a small fraction, like maybe 5%, of your bankroll at any given […]

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November 3
2007

Forex Technical Analysis for 11/05-11/09 Week

EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: buy.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4255 1.4315 1.4409 1.4469 1.4563 1.4623 1.4717 GBP/USD 2.0273 2.0401 2.0647 2.0775 2.1021 2.1149 2.1395 USD/JPY 112.02 113.02 113.93 114.93 115.84 116.84 117.75 EUR/JPY 161.88 163.08 164.86 166.06 […]

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November 2
2007

New Work Places Sink Dollar

For some strange reasons good data on October nonfarm payrolls which came out today had a very bad impact on dollar’s pricing against major currencies. With 1.4524 on EUR/USD greenback fell down to its new historical minimums as with Canadian dollar — USD is now worth only 0.9326 CAD. Monthly nonfarm payrolls is one of the most looked at health barometers for U.S. economy. With a very weak […]

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October 31
2007

eToro — Forex Innovation

Making something new in world of the retail on-line Forex services is a great job, hardly accomplished by Forex brokers today. eToro is a new kind of broker that brings innovative ideas to Forex trading via Internet. Aiming on the novice traders (like some other brokers — Pip Forex and Marketiva) it offers a very simple, yet interesting approach to buy and sell currencies. eToro developed its unique platform with […]

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