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

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Archive of Forex blog posts for June, 2008

Dollar Got Pushed Up by Today’s Fundamental Reports

June 12th, 2008

The EUR/USD currency pair sunk down below the yesterday’s close level as the U.S. dollar continued its growth today after some good fundamental reports were released in the United States. Both retail sales and business inventories fulfilled the dollar bulls’ expectations today.

Import

FX Destroyer Strategy Ebook

June 11th, 2008

I uploaded a new Forex ebook to the site today — it’s called FX Destroyer. It was sent to me by one of the site visitors a couple of days ago. Although it’s full of advertising and it can’t be considered a «real book» due to the lack of theoretical base, it offers an interesting yet simple trading strategy that is free for …

GDI Markets — Another Broker from U.K.

June 8th, 2008

Today I added another British Forex broker to the list on my site — GDI Markets. It offers Forex, CFDs, Futures and Stocks trading services through a single trading platform. The platform itself isn’t very interesting or special, but it does its work and can be handy for multi-market traders. …

Forex Technical Analysis for 06/09—06/13 Week

June 7th, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.5090 1.5228 1.5502 1.5640 1.5914 1.6052 1.6326
GBP/USD 1.9212 1.9336

Dollar Deeps Further on Uneployment Rapid Growth

June 6th, 2008

The  U. S. dollar dropped down today against as the unemployment rate soared in the U. S. Yesterday EUR/USD gained from the hawkish statement by Jean-Claude Trichet (he said that he will probably raise the interest rates on ECB’s next meeting), today it grows because of the poor U.S. fundamentals.…

NordMarkets — Swedish Broker with Low Spreads

June 5th, 2008

NordMarkets is a new Swedish Forex broker that has a wide variety of trading account types — starting with mini and ending with the big institutional accounts. For the mini Forex accounts the trading conditions are not very interesting — $1,000 account minimum (deposits only via wire …

Dollar Tries to Keep Yesterday Gains

June 4th, 2008

Dollar is still trying to hold its yesterday gains against euro, as it can benefit from the fundamental indicators released today in U.S. EUR/USD rose only from 1.5433 to 1.5449 today after losing more than 100 pips yesterday.

Productivity in the nonfarm business sector grew at 2.6% annually and seasonally adjusted …

NobleTrading — Broker Full of Services

June 3rd, 2008

I updated the broker list on my site with a new Forex broker today — NobleTrading. It started offering its services on-line in 2006. NobleTrading offers 3 different platforms — 1 web-based and 2 two stand-alone with a variety of trading tools built in them. Apart from Forex you can trade stocks, options …

U.S. Economy is Improving

June 2nd, 2008

EUR/USD fell by more than 60 pips today as the fundamental reports from U.S. signaled that the economy is improving there.

Construction spending was expected to fall by 0.6% in April; instead it was down only 0.4% after 1.1% drop in March.

ISM report on manufacturing sector of the economy showed …

Profitunity Study Manual by Bill Williams and Justine Gregory Williams

June 2nd, 2008

A new Forex related ebook is now available for download — Profitunity Study Manual. If you are still unfamiliar with Bill Williams’ theory of the chaos trading, this ebook will help you to understand the most important aspects of this theory and learn completely new ways of market analysis. Profitunity trading …

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