Forex Blog

Another broker supporting the MetaTrader 4 Forex trading platform took its rightful place in my list of brokers. This broker is called FastBrokers. It’s not a very new on-line broker — according to the Wayback Machine FastBrokers is on-line since 2006. Its head company is Fast Trading Services LLC,…

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

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EUR/USD corrected slightly today after fundamental data both from U.S. and Eurozone showed more support for the dollar rather than for the euro. Important consumer spending and income data arrived from U.S. today, while Eurozone released its business and consumer…

EUR/USD didn’t change from its upward trend today after the final Q1 GDP data was released. The currency pair continued to grow for a third day in a row and advanced today from 1.5664 to 1.5737 after the most important fundamental reports for today were released in U.S.

GDP in the…

EUR/USD grew today from 1.5571 to 1.5573 making it a second gaining day this week, but it’s still trading below the Monday open rate (which is 1.5627). All fundamental releases were quite neutral today, so they couldn’t help much neither dollar nor euro. Forex market participants await FOMC rate…

EUR/USD posted its first daily decline this week today — it went down from 1.5528 to 1.5489. Even bad employment data didn’t help the euro to get higher against the U.S. dollar.

Initial jobless claims fell from 386k to 381k last week, but nevertheless were higher than…

EUR/USD went up today but it failed to reach the yesterday’s gain or to go above the Thursday’s open level. The economic news from U.S. were weak except the Producer Price Index indicator, which benefit for the dollar’s appreciation is debatable.

PPI in May rose 1.4%, while core PPI gained 0.2%…

The dollar declined today on the Forex market as the growth that it has experienced during the last week required some correction. EUR/USD currency pair went up from 1.5404 to 1.5517 today. The fundamental background was mixed today in the United States.

NY Empire State manufacturing survey showed a decrease…

EUR/USD daily chart is currently showing a good possibility of a bearish breakout from the range traded since April 22. You can see the present range on this picture below:

If the next trading day closes below the current support line (which is near 1.5379 level), there is a great…

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

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