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August 13
2007

EUR/USD Hits Monthly Low After ECB Intervention

EUR/USD hit new monthly minimum at 1.3606 today, bouncing back from both the psychological support of 1.3600 and technical support level around 1.3605. One of the main reason for the vigorous dollar behavior can be seen in ECB today’s currency intervention of more than €130 billions. Such a harsh step was needed to prevent a highly possible financial market collapse.Economical statistics which came this day from the Unites States […]

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August 11
2007

Forex Technical Analysis for 08/14—08/18 Week

Estimated general trends:EUR/USD — bearish.GBP/USD — bearish.USD/JPY — bearish or ranging.EUR/JPY — bearish or ranging. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3870 1.3526 1.3610 1.3724 1.3808 1.3922 1.4006 GBP/USD 2.0513 1.9973 2.0102 2.0282 2.0411 2.0591 2.0720 USD/JPY 119.91 115.82 117.10 118.47 119.75 121.12 122.40 EUR/JPY 165.76 157.07 159.59 162.48 […]

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August 10
2007

U.S. Budget Deficit at $36.3 Billions

Euro still holds below the 1.3700 level after a major crisis on the world financial markets and currency interventions made by European and Japanese central banks. Dollar’s fundamental future isn’t looking bright, but from the technical side EUR/USD is turning the trendline down currently.Yesterday’s initial jobless claims news release wasn’t very encouraging — 316,000 new claims — almost 10k higher than expected. This is a bad sign […]

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August 9
2007

Good Forex Learning Book for Beginners

A new Forex e-book is now available for my site. It is Study Book for Successful Foreign Exchange Dealing — a great introductory e-book for the beginning Forex traders. It’s not just some general article about foreign exchange market that can be met in thousands over the Internet. This e-book covers fundamental analysis and indicators in details, some basic candlestick patterns are also described and shown in examples. […]

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August 8
2007

Automated Trading Championship from MetaQuotes Software

MetaQuotes Software Corp. conjointly with ODL Securities, Alpari, FXDD and Traders’ Magazine is starting its second annual Automated Trading Championship for Forex trading. In this contest traders compete not only in their trading skill, but in their programming skills. All orders and positions management is done by the competitors’ fully automated expert advisors for Metatrader 4 platform. This brings some new and original excitement compared […]

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August 8
2007

EUR/USD To Break Above 1.3850?

After the Federal Open Market Committee released its statement yesterday EUR/USD remained on its positions until today’s early European session, which brought Euro to a rally behind the crucial 1.3800 mark. Will EUR/USD stay above it? Probably. Will EUR/USD break the 1.3850 resistance barrier to soar high to 1.4000 level? Less probably. Let’s look on the fundamentals.Yesterday a labor productivity data for the industrial sector came out lower […]

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August 7
2007

FXDD — Forex Trading Broker Since 2002

FXDD is a new broker which I added to Metatrader 4 Forex brokers and PayPal Forex brokers categories. It is present on the on-line Forex trading services market since 2002. But nevertheless it is still unregulated and is not registered with any major financial regulatory organization. With FXDD you can open mini Forex accounts with $500 and use either MT4 trading platform or their […]

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August 5
2007

Technical Analysis for 8/6—8/10 Week

EUR/USD general trend: slightly bullish.GBP/USD general trend: slightly bullish.USD/JPY general trend: ranging.EUR/JPY general trend: slightly bullish. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3781 1.3525 1.3648 1.3734 1.3857 1.3943 1.4066 GBP/USD 2.0404 2.0068 2.0235 2.0347 2.0514 2.0626 2.0793 USD/JPY 119.83 116.49 117.26 118.38 119.15 […]

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August 3
2007

EUR/USD Rallies on Bad U.S. Employment Data

Friday, as expected, showed us some real tough action in Forex EUR/USD pair with it hopping high to 1.3800. The first Fridays of the month are often like that — you have an almost flat week of dull trading and then some important news (employment market) come and the whole situation changes fast and completely unexpectedly.Nonfarm payrolls in July 2007 dropped 34k and came out at 92k level — opposed to 135k expected […]

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August 2
2007

Top 25 Forex Bloggers on Currency Trading

My blog has been mentioned by Currency Trading web site as one of the top 25 blogs — number 3 to be exactly. I hope that this opinion is shared by mys visitors too. I am going to keep up with the current quality of this blog and site (www.earnforex.com) to provide the most important and interesting Forex trading information.

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