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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 August, 2007

Dollars Benefits from Excessive Euro Liquidity

August 15th, 2007

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

PPI and Trade Balance Make EUR/USD Drop Farther

August 14th, 2007

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

Synthesis Bank — Forex Broker From Switzerland

August 14th, 2007

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 …

EUR/USD Hits Monthly Low After ECB Intervention

August 13th, 2007

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

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

August 11th, 2007

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

U.S. Budget Deficit at $36.3 Billions

August 10th, 2007

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

Good Forex Learning Book for Beginners

August 9th, 2007

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 …

EUR/USD To Break Above 1.3850?

August 8th, 2007

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

Automated Trading Championship from MetaQuotes Software

August 8th, 2007

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 …

FXDD — Forex Trading Broker Since 2002

August 7th, 2007

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 …

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