Breaking News
October 15
2007

Street Smarts — a Book About Short-Term Forex Strategies

A new Forex strategy e-book now can be downloaded from my site — this time it’s about many (really a lot) powerful short term strategies and the basic rules of trading Forex using such strategies. It even has a chapter on Wolfe Waves — one of my best trading method for Forex charts. But don’t expect to spend 20–30 minutes to read some strategy from this e-books and begin earning millions […]

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October 14
2007

FXcast Announces Trading Competition

FXcast Forex broker announced a Forex traders competition which will be held on real accounts from the 1st till 30th of November with the best trader to receive $5,000 prize. Minimum account size for the competition is not high — just $250, but that will surely add more adrenaline for the participants and will make the whole event more exciting. On the other side — real accounts will stop some traders […]

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October 13
2007

Forex Technical Analysis for 10/15—10/19 Week

EUR/USD trend: sell.GBP/USD trend: sell.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 1.3823 1.3919 1.4048 1.4144 1.4273 1.4369 1.4498 GBP/USD 2.0012 2.0128 2.0243 2.0359 2.0474 2.0590 2.0705 USD/JPY 116.03 116.41 117.01 117.39 117.99 118.37 118.97 EUR/JPY 161.24 162.69 164.71 166.16 […]

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October 12
2007

Dollar Regains Positions After Mixed News

After yesterday’s EUR/USD high peaks dollar is showing a good trend today moving the EUR/USD pair back to below 1.4200 levels hitting bottom 1.4150 mark. That of course can be considered as an ongoing correction for the previous weeks growth of Euro, especially considering that there were too few good news for the U.S. economy on which the dollar growth could have been based. Monthly retails sales report […]

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October 11
2007

Dollar Loses on Good U.S. Trade Balance

A significantly improved trade balance of the United States was reported today with the value of -$57.6B ($1.6B improvement from previous month). While narrowing trade balance deficit is a good news for the whole U.S. economy a reaction on this news wasn’t very good on the currency market. Dollar stopped its strengthening and gave up almost 100 points against Euro currency hitting 1.4240 daily maximum on EUR/USD. Some other […]

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October 9
2007

FXcast Now Offers Exchange Service

FXcast Forex broker now offers e-currency exchange services to its customers. They offer almost free exchange of e-gold to WebMoney or Liberty Reserve. This service is done with the low 2.7% commission which is fully compensated after the trader close a specific amount of positions This amount is determined as $10 of commission for every 1 full standard Forex lot. I think it is a good addition to a Forex […]

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October 8
2007

Interview with FXOpen Forex Broker

Recently I’ve asked management from FXOpen to answer several questions in a format of an interview to get more information on this fast developing on-line Forex broker. Denis P., FXOpen Head Manager, agreed to answer these questions and now I can present them to you. They are an on-line Forex broker which was previously known as FXEgypt and rebranded to FXOpen just about two months ago. You can find more […]

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October 5
2007

Employment Situation in U.S. Improving

Dollar continues its volatile market dance with Euro currency undecided whether to go south back to 1.4000 or break through to 1.4500. Recent bad fundamental news made positive effect on dollar, most probably because of financial institutions cashing out of stock markets. But today this “bad news — strong dollar” trend was broken. September nonfarm payrolls came out at 110k — even better than already […]

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October 4
2007

Carnival of Forex Trading — October 4, 2007

Welcome to the October 4, 2007 edition of carnival of Forex trading. Only three quality Forex trading articles this time — definitely not too many. But they all are worth reading. No useless talking, but an interesting reading. Thomas Ott presents A Review Of My Forex Trading posted at Neural Market Trends, saying, “I’m closing in on my 1 year anniversary of trading Forex my $100 Forex Experiment. I did really […]

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October 3
2007

Bad Fundamentals — Good for USD?

While dollar continued to rebound its weak positions today after EUR/USD failing to break 1.4180 resistance, fundamental stats from United States again came out below expectations. And again this caused a dollar rally against the Euro currency. ISM report on business activity for September 2007 showed a decrease by 1% — from 55.8% to 54.8% — well below the pessimistic expectation of 55.0%. After this report dollar went high […]

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