Archive of Forex blog posts for April, 2008

EUR/USD Mostly Unchanged by Other Macroeconomic Releases before Fed Rate Decision

Wednesday, April 30th, 2008

EUR/USD remains mostly unchanged today as the markets await the Federal Reserve decision on the interest rate. Even some important indicators that were released in U.S. today failed to move the currency pair significantly on Forex.

Advance data for the first quarter GDP in U.S.…

Risk Management in Gambling and Forex

Tuesday, April 29th, 2008

There are many similarities between the money management strategies in the gambling and the Forex trading. In fact there are too little differences between money management in any risk-based money making. Of course, that fact doesn’t mean that Forex market is a casino and traders are gamblers,…

Forex Technical Analysis for 04/28—05/02 Week

Saturday, April 26th, 2008

EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: buy.
EUR/JPY trend: sell.

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res

Broker Rating System Upgrade

Friday, April 25th, 2008

I’ve upgraded the Forex broker rating system to make it more cheat-proof and to make it show more relevant rating score for each broker. With previous system I had to deal with hundreds of fraudulent votes (both in favor of some brokers and to lower some brokers’ rating). Current system…

EUR/USD Falls Lowest since April 14

Thursday, April 24th, 2008

EUR/USD slid to its minimum value since April 14 today on Forex — 1.5675, as the investors started to consider the U.S. currency to be oversold and the further interest rate cuts by the Federal Reserve — unlikely. Fundamental data that was released today in U.S. was mostly disappointing, but…

Forex-Metal — Broker with MT4 and PayPal Support

Tuesday, April 22nd, 2008

I’ve added a very new Forex broker to the site today — Forex-Metal. Its website is still very raw and there is not very much information about this broker on the internet. But I thought that it should be listed because it has one rare feature — it supports both MetaTrader…

Forex Technical Analysis for 04/21—04/25 Week

Saturday, April 19th, 2008

EUR/USD trend: buy.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: buy.

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res

Bearish U.S. Fundamentals Help Euro Bulls

Wednesday, April 16th, 2008

U.S. fundamental statistics, that were released today in abundance, appeared to be worse than the market analysts expected. It helped the EUR/USD currency pair to reach its new absolute maximum value at 1.5968 and kept dollar bearish also against the other major currencies.

CPI (Consumer Price Index)…

Minor Fixing in MT4 Indicators

Wednesday, April 16th, 2008

Due to some new code processing rules in the fresh versions of the MetaTrader 4 platform (I don’t know exactly from which build they’ve changed it) some of the indicators on my site stopped working right or just started to show errors in the platform’s log. Thanks to some conscious visitor, who notices…

Dollar Grows Somewhat on Improved Manufacturing Outlook

Tuesday, April 15th, 2008

The EUR/USD currency pair post some small drop today on Forex as the fundamental situation in U.S. economy looked better in April for the manufacturing sector. All of the reports that were released today in U.S. showed a positive dynamics for the dollar, helping it to go up against euro,…



Forex-Metal

Follow EarnForex Blog on Twitter Don't show me this offer ×