Breaking News
October 31
2007

Fed Sees No Major Problems in U.S. Economy

Today is a very important day for the financial traders from all over the world — Fed is to decide its interest rate policy until the next meeting (if not further). While almost 92% of all traders expected rate cut by 25 basis points — to 4.50% — the main intrigue was concealed in Fed’s formulation and reasons for the cut (or its absence in case they would decide to leave things as they were). With […]

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October 30
2007

Trade Your Way to Financial Freedom E-Book

Another great e-book was added to my site today — it is “Trade Your Way to Financial Freedom” by Van K. Tharp. Too bad it is a rather poor quality scan. Nonetheless it is a very important book for all financial traders. And, in my opinion, it is especially important to Forex traders. Because it has so wonderful section about position sizing and money management which is […]

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October 29
2007

HY Markets — On-Line Forex Broker

Long time since I’ve updated my Forex brokers section, so today is a good day to do it, IMHO. HY Markets is a rather new broker on the on-line Forex market, but they have a good and long off-line history with offices in both United Kingdom (London) and United Arab Emirates (Dubai). For their customers HY Markets offer custom web trading platform which makes trading possible […]

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October 27
2007

Forex Technical Analysis for 10/29—11/02 Week

EUR/USD trend: buy.GBP/USD trend: buy.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 1.3944 1.4035 1.4213 1.4304 1.4482 1.4573 1.4751 GBP/USD 2.0015 2.0136 2.0329 2.0450 2.0643 2.0764 2.0957 USD/JPY 111.50 112.38 113.28 114.16 115.06 115.94 116.84 EUR/JPY 157.59 159.03 161.68 163.12 […]

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October 25
2007

New Signs of Recession for U.S. Economy

The closer it is to the October 31st when the FOMC’s meeting on interest rates policy will be held the stronger the dollar bears feel themselves on the Forex market. With almost each day bringing new reasons for the Fed to decrease interest rate again this time the decision became clear now. Initial jobless claims for the last week decreased compared to the previous week report, but still came out worse than […]

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October 24
2007

Oil and Home Sales Fall Again

This day was very volatile on Forex EUR/USD pair, but it was without a distinct leader among those two. With dollar falling and rising during the day it ended almost at the same point it started. But trend for the rest of the week could have been probably founded today by two important fundamental reports on U.S. economics. First, the crude oil inventories for the last week fell by whopping 5.29 […]

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October 20
2007

Forex Technical Analysis for 10/22—10/26 Week

EUR/USD trend: buy.GBP/USD trend: buy.USD/JPY trend: hold.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4015 1.4080 1.4190 1.4255 1.4365 1.4430 1.4540 GBP/USD 2.0124 2.0206 2.0361 2.0443 2.0598 2.0680 2.0835 USD/JPY 109.91 112.21 113.35 115.65 116.79 119.09 120.23 EUR/JPY 158.36 161.03 162.39 165.06 […]

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October 18
2007

Dollar Takes More Beating

Today U.S. dollar continued its way down the Forex market to historical bottoms of its rate against Euro currency. With EUR/USD hitting its new historical maximum at 1.4309, there is a little doubt now that dollar will stop euro reaching and breaking 1.4500 level. This is mainly caused by bad U.S. data coming out last weeks, which might mean another Fed rate […]

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October 17
2007

EUR/USD Fluctuations Continue

EUR/USD retraced back to 1.4200 level today after some very disappointing housing data came out in U.S. Overall situation continues to remain uncertain with the EUR/USD ranging between 1.4050 and 1.4250. It now formed a clear plateau pattern on the daily chart marking some major break in the Euro vs. Dollar struggle. Housing report for September showed a further downfall in this economics sector with the decrease in both housing […]

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October 16
2007

Success Story of a Part Time Forex Trader

A new Forex article was added to my collection today. Hearing another success story of the Forex trader might as old to some people, as motivating to others. I think this one will be at least useful to many Forex traders. Experienced and professional Forex traders can say that part time Forex trading can’t be good and that it will always lack the “full market control and awareness”. Yes, I’d agree […]

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