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September 8
2007

Forex Technical Analysis for 09/10—09/14 Week

EUR/USD trend: buy.GBP/USD trend: buy.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 1.3735 1.3458 1.3612 1.3705 1.3859 1.3952 1.4106 GBP/USD 2.0256 1.9937 2.0111 2.0218 2.0392 2.0499 2.0673 USD/JPY 117.41 110.98 112.18 114.33 115.53 117.68 118.88 EUR/JPY 159.36 153.87 155.00 156.83 […]

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September 7
2007

Nonfarm Payrolls Drop in August

EUR/USD spiked high almost reaching 1.3800 level as the U.S. nonfarm payrolls for the August decreased by 4,000. Nonfarm payrolls is one of the most important measures for the employment market of the United States, which in its turn serves as the indicator of the economy health. A fall by 4k is the lowest monthly value since 2003. This is certainly a bad sign for the overall U.S. economy, which will be (and already was) treated by the financial markets […]

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September 6
2007

Better than Average Data from U.S. Pushes EUR/USD Above 1.3700

This is a bit confusing situation for the financial markets, since the good economical data from United States should empower USD causing EUR/USD to fall, but today good data on labor productivity and ISM services index caused EUR/USD to soar. This can be explained by the increased optimism in the U.S. economy which causes more big traders to continue carry trading, during which USD is in a downtrend. U.S. crude […]

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September 4
2007

Euro Recovers Against USD After ISM PMI and Construction Spending

EUR/USD regained part of its losses, received earlier this day and yesterday, after some important but not encouraging data from United States. EUR/USD is still in the flat zone (speaking in long terms), but some strong intraday volatility hints for possible breakout with the direction still unknown. PMI index by Institute for Supply Management (ISM) was reported today and came out by 0.1 point lower than […]

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September 3
2007

Mini Forex Accounts More Mini On LiteForex

LiteForex announced about some changes for their mini Forex trading accounts. These changes became active today, on September 3rd. Decreasing the minimum trading lot size, margin requirement for hedging positions and minimum deposit amount is a step towards the more easier trading for small traders and Forex newbies: Aspiring to provide to our clients the best trading conditions on international financial markets, the group of companies LiteForex (www.LiteForex.org) has made […]

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September 2
2007

Carnival of Forex Trading — September 1, 2007

Welcome to the September 1, 2007 edition of carnival of forex trading. Jimmy Atkinson presents The Day Trader’s Toolkit: 100 Free Online Apps for Professionals posted at Forex Blog. Dr. Barry Burns presents Question: What is the Best Interval for Day Trading? Part 2 posted at Top Dog Trading, saying, “Using the right time interval in your charts is critical for success. Heres’ how to find the perfect time-frame for your […]

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September 1
2007

Forex Technical Analysis for 09/03—09/07 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 1.3727 1.3480 1.3554 1.3637 1.3711 1.3794 1.3868 GBP/USD 2.0203 1.9838 1.9989 2.0110 2.0261 2.0382 2.0533 USD/JPY 116.44 112.57 114.17 115.46 117.06 118.35 119.95 EUR/JPY 159.19 152.19 154.97 157.31 […]

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August 31
2007

Some Good Fundamentals from U.S.

Following the day of not so good (rather bad) economical news from U.S. yesterday, markets were surprised by some very optimistic indicators presented today. A reaction on both stocks and Forex markets was supportive with the stocks bulls, EUR and GBP to gain and the bears with JPY and USD to lose somewhat.Personal income and spendings number for July came out at 0.5% and o.4% growth that is higher than 0.3% expected […]

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August 30
2007

U.S. Economy Slowing

U.S. macroeconomical data releases get a little less overoptimistic while the subprime lending crisis takes its toll and the carry trade is uncertain. This is the second week after a major carry trade crisis when the major indicators of carry trade, like GBP/JPY and EUR/JPY, are trading flat without any signs of the future for this type of financial trading. But worser U.S. economical indicators hint for some major […]

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August 27
2007

Forex Technical Analysis for 08/27—08/31 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 1.3607 1.3372 1.3523 1.3602 1.3753 1.3832 1.3983 GBP/USD 2.0018 1.9603 1.9872 2.0011 2.0280 2.0419 2.0688 USD/JPY 116.42 112.29 114.37 115.74 117.82 119.19 121.27 EUR/JPY 157.30 151.36 155.30 157.28 […]

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