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October 1
2007

Bad ISM PMI Pushes Dollar Up?

EUR/USD hit another historical maximum today — 1.4281 and then unexpectedly retreated back to 1.4220–1.4230 levels. A still strong resistance value lies slightly below 1.4300 which is preventing EUR/USD to shoot up to 1.4500 or even farther. Every trader now must look towards Fed’s Bernanke’s decisions and ECB’s Trichet’s reaction on Euro/Dollar overvaluation (of it is possible in open market). Fundamental analysis now speaks more for the stocks […]

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September 30
2007

Forex Technical Analysis for 10/01—10/05 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 1.3908 1.3985 1.4125 1.4202 1.4342 1.4419 1.4559 GBP/USD 1.9804 1.9944 2.0208 2.0348 2.0612 2.0752 2.1016 USD/JPY 113.02 113.52 114.17 114.67 115.32 115.82 116.47 EUR/JPY 158.92 159.97 161.87 162.92 […]

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September 25
2007

EUR/USD Reaches New Historical Maximums

With the consumer confidence surveyed in this September fall beneath the level of 1985 (from 105.6 to 99.8) the U.S. dollar can’t hold its position and loses almost 100 pips on EUR/USD rallying it to a new historical maximum at 1.4154. While mortgage problems in U.S.A. continue to crush real estate sector throwing existing home sales to 5.5 millions in August (in July this number was 250,000 higher), consumer confidence — one […]

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September 24
2007

EUR/USD — 1.4500 by the End of This Year?

With the Fed’s rather predictable decision on interest rates cut by 0.50% September 18 (last Wednesday) dollar was doomed to cross the 1.4000 level (on EUR/USD). Its fall continued through all days left after the Fed’s statement release. Hitting historically high levels with the maximum at 1.4120, USD ended last week above 1.4000, thus opening further opportunities for the EUR/USD to go to the new maximums. This week can […]

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September 23
2007

Forex Technical Analysis for 09/24—09/28 Week

EUR/USD trend: buy.GBP/USD trend: buy.USD/JPY trend: hold.EUR/JPY trend: buy. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3615 1.3722 1.3906 1.4013 1.4197 1.4304 1.4488 GBP/USD 1.9648 1.9764 1.9982 2.0098 2.0316 2.0432 2.0650 USD/JPY 111.80 112.88 114.20 115.28 116.60 117.68 119.00 EUR/JPY 156.05 157.42 160.09 161.46 […]

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September 23
2007

Hedging Strategies in Forex Trading

Today I am presenting a new article about Forex trading — 100% Hedging Strategies. As the title suggests the whole article is dedicated to earning money on Forex via hedging different currency pairs and different interest rates. Author Yannis Karamanakis gives a simple list of steps needed to perform a successful hedging trading on Forex market.

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September 15
2007

Forex Technical Analysis for 09/17—09/21 Week

EUR/USD trend: buy.GBP/USD trend: hold.USD/JPY trend: sell.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3623 1.3695 1.3784 1.3856 1.3945 1.4017 1.4106 GBP/USD 1.9654 1.9854 1.9964 2.0164 2.0274 2.0474 2.0584 USD/JPY 110.56 111.57 113.47 114.48 116.38 117.39 119.29 EUR/JPY 151.29 153.21 156.63 158.55 […]

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September 14
2007

Dollar Strengthens on Average Economic Data

EUR/USD is closing below 1.3900 level after a major rally earlier this week. The main driver for the growth were the market expectations for the FOMC to lower the interest rates by at least 0.25% next week, while last two days’ correction can be a reflections of some less confident traders, that are sure that if FOMC won’t lower rates or will stay with 0.25% decrease for a longer period, then […]

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September 13
2007

EUR/USD Stagnating After $116.9B U.S. Budget Deficit

This week EUR/USD rallied to the new historically high levels breaking above 1.3900 level (and staying there for some time). Possible rate cuts series in the nearest future by Fed caused this dollar fall. Almost 75% of expert currency trading analysts questioned about Fed’s decision on 18th of September are sure that Fed will cut rates at least by 0.25%. Many expect 1.00% by the end of 2007. This heats […]

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September 12
2007

Daily Fozzy Method E-Book by Michael Dunbar

A new e-book is now available for download from my site — it is called “The Daily Fozzy Method” (written by Michel Dunbar from http://www.forex-rewards.com). It describes a Forex trading strategy based on D1 timeframe with RSI, ATR and 28-EMA indicators. It is very simple to follow with the entry and exit techniques thoroughly described in this e-books. A good starting strategy e-book for the new traders that wish to trade on daily […]

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