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August 2
2007

Forex — Calm Before the Friday Storm?

EUR/USD today continued going flat below 1.3700 mark unsure if Euro has enough power and U.S. economy has more holes to stop Bernanke from raising the rates before the Autumn comes. This day didn’t bring a lot of macroeconomic surprise to traders, but it had its important data.Initial jobless claims for the previous week in United States increased by as little as 4k and came out at 307k — still lower […]

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August 1
2007

Carnival of Forex Trading — August 1, 2007

Welcome to the August 1, 2007 edition of carnival of Forex trading: Jimmy Atkinson presents 13 Socially Responsible Careers in Finance posted at Forex Blog. Gerald Njuguna presents 7 Tips to Weed Out Fake Forex Brokers posted at Online Forex Trading Systems. The Smart Trader presents Do You Need Trading Rules? posted at Smart Trading For Profits, saying, “Trading Rules”

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August 1
2007

Dollar Struggling Below 1.3700

Another day marked by U.S. dollar’s struggle to hold below the 1.3700 mark and get out of the bearish trend. EUR/USD is waiting for more bull power before turning back to rising or is just being corrected by some good yesterday’s economical news from United States.ISM reported on Manufacturing PMI in July disappointed many dollar bullish traders as it came out at 53.8%, below the 55.5% expected, showing some possible […]

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July 31
2007

EUR/USD Can’t Stay Above 1.3700

After breaking back above the 1.3700 mark EUR/USD fell below this level as the economic releases on inflation and consumer confidence were released today. Struggling below this level, if continued, may precede the new bearish trend in EUR/USD, while rallying and staying above will mean a return to a long-lasting EUR/USD bull trend.Personal income and spending June numbers came out today close to the predicted values — 0.4% to 0.5% and 0.1% […]

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July 29
2007

Interview with FXcast Forex Broker

Warning! FXcast turned out to be a scam broker. The interview is no longer relevant and is provided for reference only. Stay away from this company. FXcast Forex broker gladly accepted my offer to give an interview for EarnForex readers. Niklas (member of FXcast IB Management) answered my questions about Forex trading, FXcast past and future plans and a present Forex brokerage market condition. For how long do you offer […]

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July 28
2007

EUR/USD Technical Analysis for the 7/30—8/3 Week

General trend: bullish. Floor Pivot Points: 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.3336 1.3483 1.3558 1.3705 1.3780 1.3927 1.4002 Woodie’s Pivot Points: 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.3465 1.3522 1.3687 1.3744 1.3909 Camarilla Pivot Points: 4th Sup 3rd Sup 2nd Sup 1st Sup 1st […]

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July 27
2007

EUR/USD Faces New Downfall and U.S. GDP Data Released

EUR/USD dropped to its more than two weeks old minimum touching 1.3630 today while the market expected good data on GDP of United States for the seconds quarter of 2007. Breaking below 1.3230 for EUR/USD will mean a big trend breakout, but while it is traded higher a temporal correction should be considered.U.S. GDP in Q2 2007 rose by 3.4% — a very good increase after 0.6% (revised from […]

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July 26
2007

Bad U.S. News Keeping EUR/USD Above 1.3700

Today EUR/USD was ranging between 1.3690 and 1.3770 marks retracing a half of the yesterday’s dollar rally. U.S. economy had some bad news for dollar bulls with only one bad for Euro bulls.Manufactured durable goods orders in June increased by only 1.4% which was much lower the expected number — 2.0%, but still better than May result of decline in 2.8%.Initial jobless claims for the last week surprisingly came […]

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July 25
2007

EUR/USD Drops Down With Bad Data on Housing and Oil Inventories

EUR/USD today is showing a very intensive bearish rally dropping to 1.3700 level after failing to take over the 1.3850 resistance mark. The major reason for such market behavior can be seen in a technical correction which should have came after the overbought condition in EUR/USD reaches its peak. Personally I thought that this correction will come a bit later letting the EUR/USD to get higher before falling down, […]

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July 24
2007

Automated Trading Systems Article

A new trading article was added to my site today — Automated Trading Systems for Financial Markets and Recommendations for Their Usage by Nikita Laukhin. It describes existing financial trading platforms software which allows automated trading. Existing software and scripts are analysed from different points of view — creating (programming) and using. The main features of every system are discussed to help the traders that want to automatize their trading process to chose […]

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