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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for July, 2007

EUR/USD — New Maximums, Then What?

July 20th, 2007

Today EUR/USD renewed its long term maximum once again — 1.3842 is the highest rate since the November 1995. The lack of important economical releases for this day didn’t stop EUR/USD bulls from holding Euro above the crucial 1.3800 mark. But how will EUR/USD behave in the near future?

Swissnetbroker — Double Platform Broker

July 20th, 2007

An interesting broker with both Metatrader 4 platform for standard and mini accounts and Currenex advanced trading platform for ECN Forex trading – Swissnetbroker is a Switzerland based Forex brokerage company aiming at both retail and institutional trading services markets. Retail traders will like their MT4

Key Fundamental Forex Data from U.S.

July 19th, 2007

A rich day for the economical news releases from United States was today.
First, the weekly initial jobless claims data came out at the better than expected level showing only 301,000 claims for the previous week which signals the continued moderation of the U.S. unemployment rate.
Second, the leading indicators came

Pip Forex — Newbie Forex Broker

July 19th, 2007

I’ve written about Pip Forex before, but since then it has changed a lot. Now I see it as a very easy introductory broker for the new traders that don’t want to jump into complicated trading platform, tech analysis or anything that’s beyond simple buy/sell logic. Its …

Mixed Data from U.S. Again

July 18th, 2007
Some more mixed data followed yesterday’s PPI and industrial production today. Their affect on EUR/USD could be noticed as it rallied to new decade maximum on 1.3832 and then returned back below the crucial 1.3800 mark. Consumer Price Index was released slightly better than consensus (0.2% against …

Two e-gold Forex Brokers for Your Consideration

July 17th, 2007

Today I am introducing two new e-gold Forex brokers to you — MFN and Neuimex. Although they are both accepting e-gold e-currency for funding and cashing out, they are different brokers in many aspects. MFN offers its own trading platform and allows mini Forex accounts from …

Day of Economical Releases and EUR/USD Calming

July 17th, 2007

EUR/USD calmed a little today, not reaching 1.3800 level, as the majority of traders expected some important data from U.S. statistics. Data came out mixed, but generally better for dollar than for Euro.Producer Price Index in June this year showed a slight decline (-0.2%), while consensus was …

Major Update on Forex Brokers!

July 16th, 2007

A major update was brought to Forex brokers section today. The information was enhanced and restructured in order to be more useful to the visitors and at the same time — more organized, to let the advanced traders find brokers with unique features easily. Here is list of main new features:

  1. PayPal Forex brokers

EUR/USD Technical Analysis for the 7/16-7/20 Week

July 14th, 2007

General trend: ranging or slightly bullish.

Floor Pivot Points:
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3429 1.3512 1.3647 1.3730 1.3865 1.3948 1.4083
Woodie’s Pivot Points:
2nd Sup 1st Sup Pivot 1st Res 2nd

U.S. Consumer Sentiments at Highs While Dollar at Lows

July 13th, 2007

Today the preliminary consumers sentiment index (by University of Michigan) came out showing surprisingly good results — 92.4 against 86.0 expected — a historically high level of consumers confidence which indicates an uptrend the economy of United States. While consumer sentiment index is at its highest levels, dollar is suffering

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