Breaking News
August 27
2007

Boston Trading and Research Forex Broker

Boston Trading and Research is a very new Forex broker which site was opened just this year. They offer reasonable trading conditions including MetaTrader 4 platform, PayPal account funding and $500 minimum account size. BTRFX also seems a reliable company, but their quite enigmatic website may turn off some traders. Boston Trading and Research is not registered with NFA, but […]

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August 21
2007

Where the Future of Carry Trade Lies?

Global stocks markets calmed by central banks’ generous currency interventions last week are doing quite well so far. EUR/USD and other currency pairs influenced by carry trade and subprime lending crisis chain reaction (mostly EUR/JPY and GBP/JPY) also don’t jump madly through and out the support and resistance levels anymore. But what will happen next? Will the markets just soak up the liquidity, thrown in by Fed […]

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August 18
2007

Forex Technical Analysis for 08/20—08/24 Week

EUR/USD — sell.GBP/USD — sell.USD/JPY — sell.EUR/JPY — sell. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3847 1.3567 1.3520 1.3614 1.3567 1.3661 1.3614 GBP/USD 2.0353 1.9301 1.9556 1.9906 2.0161 2.0511 2.0766 USD/JPY 119.03 107.87 111.12 114.84 118.09 121.81 125.06 EUR/JPY 163.31 142.21 148.15 155.19 161.13 168.17 174.11 Woodie’s […]

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August 17
2007

Correction of Neuimex Situation

Today, I’ve been contacted by Neuimexrepresentative and he told me that the company which is under bankruptcy process Neuimex Asset Management AG (Switzerland) and the Forex broker company Neuimex Direct Dealing (NDD) S.A. (British Virgin Islands) are completely different companies. Thus, Neuimex broker continues its operation as normal and doesn’t have any bankruptcy problems. So, you can disregard my recent post about it. […]

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August 17
2007

Federal Reserve Loosens Rates for Banks

Federal Reserve of the United States of America lowered its primary credit rate (at which money to the banks are borrowed) from 6.25% to 5.75% to add liquidity to financial and lending markets. Federal Reserve (as the today’s FOMC statement says) is concerned with the current situation of the economy growth and the crisis in the credit sector. FOMC also approved that there risks of growth slowing increased appreciably. Here is the Federal Reserve’s press release […]

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August 16
2007

Carry Trade Ruined by Stocks Market Chaos

EUR/USD reached its two month minimum and almost broker out of its long-term bullish trend today. World stocks markets continue to fall with the main reason lying in panic caused by the crisis in subprime lending U.S. sector. Cashing out of stocks papers causes also carry trade retreating with a huge buying back of JPY and USD (in a lesser dimension) for other currencies — thus the rally of JPY and USD. Even bad […]

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August 15
2007

Dollars Benefits from Excessive Euro Liquidity

EUR/USD hit its new significant bottom near 1.3455 level after dollar continued to grow on the high Euro liquidity level and good economical releases from U.S. Next technical support for EUR/USD lies near 1.3330 mark, so it is reasonable to expect some more USD rallying by the end of this week or next week.Consumer Price Index (CPI) report, released by Bureau of Labor Statistics, showed 0.1% growth […]

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August 15
2007

Neuimex Faces Bancruptcy

Neuimex Forex broker, which offered Metatrader 4 trading with e-gold support since 2005 is now bankrupt and is in process of liquidation. The process began in March this year, but many of its clients are still unaware of this because of a lack of any news from Neuimex. The Swiss Federal Banking Commission (SFBC) opened bankruptcy proceedings against Neuimex Asset Management AG with effect as of March 30, […]

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August 14
2007

Synthesis Bank — Forex Broker From Switzerland

Synthesis Bank is a registered banking body, located in Switzerland (Geneva and Zurich) and offering Forex trading services. Besides Forex they also offer CFD, Futures, Stocks and Bonds trading which makes it quite a good choice for those that wish to diversify their portfolio as much as possible. Synthesis Bank doesn’t offer MetaTrader 4 platform, instead they provide their own platform — Trading Floor. Their spreads […]

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August 14
2007

PPI and Trade Balance Make EUR/USD Drop Farther

EUR/USD dropped to its new mid-term minimum (since 07/02/2007) at 1.3560, continuing its fall after the major currency intervention by European Central Bank, which took place yesterday to prevent a possible low liquidity on the financial markets of the European Union. Some good macroeconomic news released in U.S. added some fuel to dollar rally.Producer Price Index came out at 0.6% increase compared to 0.1% consensus value and -0.2% previous value. […]

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