Breaking News
July 5
2007

Good News from U.S. Economy

With an impressively high ISM Services index today’s macroeconomic data from United States was a very optimistic news for USD bulls. June ISM non-manufacturing index came out at 60.7% — 1% higher than May number, and a lot better than expected, since the negative change in ISM index was expected. Crude oil inventories for the previous week came out at a very good level too. They rose 3.1 […]

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July 5
2007

New Forex Book on Trading Psychology

Another free Forex e-book is now available for download from this site. It deals with trader’s personality and emotions which are inevitable in such an activity as a financial trading of any kind. Various examples and stories are presented in this book to help a trader to better understand what he must to prevent losing money and gain them instead: Your Personality and Successful Trading — by Windsor Advisory Services

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July 4
2007

Independence Day and Forex

Today EUR/USD was still as it was yesterday. As I said — this week will probably be flat until Friday at least (they tend to be quite unsettled, those Fridays). Independence Day in the United States of America is keeping the big U.S. Forex players out of the market, causing a lower volatility, especially on EUR/USD (while there some minor fluctuations on GBP/USD). It is quite clear that big holidays […]

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July 3
2007

EUR/USD Slight Correction

Today EUR/USD retreated from its yesterday levels of 1.3630 down to 1.3600 level (with a failed try ground below 1.3600). Factory orders macroeconomic data for May came out better than expected but it still showed a decrease in this important indicator — manufacturers orders decreased by 0.5% (against 1.2% expected). But this data didn’t affect Forex at all — the major bearish bars were seen four […]

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July 2
2007

Carnival of Forex Trading — July 1, 2007

Welcome to the July 1, 2007 edition of Carnival of Forex trading. Jimmy Atkinson presents How Does Terrorism Affect Your Trading? posted at Forex Blog. George Courtney jr presents Go Global by Investing in Foreign Currencies posted at The Authentic Bartender Blog. Mark25 presents Forex Exchange Rate — How Does It Get Calculated? posted at HotStrategies.com. Ralph Morgan presents Enough Wealth: Adventures in Day Trading — 12 posted […]

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July 2
2007

EUR/USD Hits Two Months High

Today Forex was a very unlucky place for U.S. dollar as the EUR/USD rallied to its two months high at 1.3630. Even good ISM index data (56% — a 1% rise — against 55% expected) couldn’t help U.S. currency after last week losses. It is almost certain now that EUR/USD has broken the down-trend and is now heading north. Probable point of strong resistance can be seen […]

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July 2
2007

WebMoney Forex Brokers

A new addition to my Forex brokers section of the site — a list of WebMoney Forex brokers — those that offer WebMoney as the option to deposit or withdraw money to/from the trading accounts. Forex traders that prefer on-line payment systems, but don’t want to deal with e-gold or other browser-security system might like WebMoney e-currency system for its hi-end security and good level of service. Here is the list of all brokers that accept […]

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July 1
2007

IFC Markets Forex Broker

Oh, God! Fifth Forex broker with ‘Markets’ in its name! And it doesn’t offer any other market for trading except Forex. They got to love this word to insert it the broker’s title. IFC Markets is good Forex broker if you want to start with a little money (deposits from just $1) and want to deposit it via e-gold or WebMoney. They offer their own trading […]

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June 30
2007

EUR/USD Technical Analysis for the 7/2—7/6 Week

General trend: ranging. Floor Pivot Points: 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.3332 1.3374 1.3458 1.3500 1.3584 1.3626 1.3710 Woodie’s Pivot Points: 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.3385 1.3479 1.3511 1.3605 1.3637 Camarilla Pivot Points: 4th Sup 3rd Sup 2nd Sup 1st Sup 1st […]

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June 30
2007

Choosing the Right Forex Broker by David Thorpe

Choosing a right Forex broker is not an easy task, I’ve trade a lot of before I found several brokers that I can rely on. If your broker isn’t fast enough you can miss profitable opportunities, or even lose money due to slippage. David Thorpe’s articles is dedicated to this topic — how to chose a Forex broker that will satisfy your trader’s needs and won’t be to abusive […]

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