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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 November, 2008

EUR/USD Slightly Up, Still Below Week Open

November 20th, 2008

EUR/USD rose slightly today after some strong volatility that it showed yesterday. Overall it still remains in the red zone this week. The released indicators are still very pessimistic for the U.S. dollar. But they rarely matter in the current global financial conditions. EUR/USD …

Consumer Prices and Housing Fall in U.S., Dollar Goes Up

November 19th, 2008

EUR/USD jumped up today after the two important macroeconomic reports were released today — CPI and new housing starts. But after reaching a peak at 1.2813 EUR/USD corrected and snapped the daily growth. The currency pair is now trading near 1.2578.

Consumer Price Index (CPI) decreased …

EUR/USD Down After Negative PPI, Steady Foreign Inflow

November 18th, 2008

EUR/USD was trading with a very limited volatility today and currently stays slightly below the opening level after another portion of the mixed macroeconomic statistics came from U. S. EUR/USD is currently trading at 1.2586.

PPI (Producer Price Index) dropped by 2.8% in October after declining by 0.4% in September. …

Band Moving Average — Pull-Back Indicator

November 17th, 2008

One of my site’s visitors offered me an interesting idea for the MetaTrader indicator. At first glance the indicator is very simple and quite useless. The general idea was to modify the standard Moving Average indicator that comes with MT4, so that the two more bands would be added to it. One …

EUR/USD Up on Mixed U.S. Fundamentals

November 17th, 2008

EUR/USD grew up today after some bearish weekly gap and a major decline last Friday. The  U. S. fundamentals that were reported today showed some mixed results, probably, hurting the dollar’s positions on the Forex market. EUR/USD is currently trading near 1.2670.

NY Empire State index declined

FXTSwiss — New Swiss/Austrian Forex Broker

November 16th, 2008

FXTSwiss is a new Forex trading broker that started to offer its services on-line this year. It’s a Swiss broker with the company’s headquarters based in Austria. FXTSwiss isn’t regulated by any financial authority. It offers MetaTrader 4 platform with the really low spreads (1 pip on major currency pairs). The trading accounts …

Forex Technical Analysis for 11/17—11/21 Week

November 15th, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.1815 1.2102 1.2353 1.2640 1.2891 1.3178 1.3429
GBP/USD 1.2909 1.3733

FXcast Announces New Type of Forex Traders Competetion — FXcast Trader’s Hall of Fame

November 14th, 2008

FXcast announced a new type of the Forex trader’s competition today — the Hall of Fame type of competition. You don’t need to open some special account for it or pay for entering the competition. The contest is judged upon the monthly performance of your real trade account. The performance is denominated in the percentage to your monthly starting account and will only include your …

Dollar Firms as Export and Import Prices, Retail Sales and Business Inventories Drop

November 14th, 2008

EUR/USD declined today after rising above the week’s opening level yesterday as the dollar-bullish traders got help from the sale of the euro-denominated assets spurred by the worsening of the global macroeconomic situation. EUR/USD is currently trading near 1.2690.

The U.S. export prices fell by 1.9% in October, …

U.S. Dollar Weakens on Bad Jobless Data

November 13th, 2008

EUR/USD moved in a fundamentally explainable trend today as the dollar fell before and after the quite worrying report on the new jobless claims in U.S. Although the trade balance deficit change was positive, the traders expected such result and didn’t value it much into the actual market. The budget deficit report has also disappointed the dollar …

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