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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 December, 2008

FX|Clearing — Canadian Forex Broker not for Canadians

December 19th, 2008

FX|Clearing is a MetaTrader Forex broker based and registered in Canada. It’s offering its services on-line since 2007. The broker offers very competitive conditions for the mini- and micro-Forex trading with the high levels of leverage, 1 pip spreads and no-swap policy for such accounts. The …

EUR/USD Breaks Through September Highs above 1.47

December 18th, 2008

EUR/USD continued to go up today, posting the biggest weekly gain in its history — and it’s only Thursday today! The fundamental indicators from U.S. were mixed today, but the euro is probably still affected by the recent Fed interest rate cut. EUR/USD is currently trading near 1.4444 after reaching …

Forex and Oil — EUR/USD Peaks Above 1.44

December 17th, 2008

Today the oil was in the focus of many currency traders as the extraordinary OPEC meeting in Oran, Algeria, was deciding the oil output cut and also the U. S. Energy Information Administration reported its weekly data on the commercial crude oil and distillate inventories. The oil …

EUR/USD Soars as Fed Cuts Rate

December 16th, 2008

EUR/USD went up significantly today after the CPI report showed another month of deflation, the housing slid and the Federal Reserve announced that the federal funds rate is reduced. EUR/USD is currently trading near 1.3967.

Consumer Price Index (CPI) decreased by 1.7% at a seasonally adjusted rate …

EUR/USD Hits 2-Month High as Foreign Purchases Barely Cover U.S. Domestic Sale

December 15th, 2008

EUR/USD posted a fourth day of growth today and soared to its highest level since October 15 as the macroeconomic outlooks worsen further for the U. S. The reports on the manufacturing sector confidence, the international capital and the industrial production flows disappointed investors and the dollar bulls. …

FOREX UKRAINE — MetaTrader Broker with 6-Year History

December 14th, 2008

FOREX UKRAINE is a rather standard MetaTrader broker, which description is now available on my site. It doesn’t offer any additional platforms (for example, the web-trading one) and has 3 pips average spread on EUR/USD currency pair. But other than its strange desire to use all caps in its title and …

Forex Forum Launched on EarnForex.com

December 13th, 2008

My Forex forum officially opens its doors for the Forex traders, theorists and Forex newbies today. The intent was to create a nice place for the market participants to share their experience and knowledge with others and to communicate in a friendly and easy atmosphere. The …

Forex Technical Analysis for 12/15—12/19 Week

December 13th, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2217 1.2466 1.2917 1.3166 1.3617 1.3866 1.4317
GBP/USD 1.4277 1.4478

EUR/USD Keeps Positions After Enourmous Growth Yesterday

December 12th, 2008

EUR/USD continues to keep its position on the Forex market today after gaining 2.5% yesterday. The macroeconomics continued to hurt the U.S. markets and the dollar today, showing some really bad reports. EUR/USD is currently posting a moderate advance and is trading near 1.3395.

PPI decreased …

EUR/USD Posts Biggest Weekly Gain in Years

December 11th, 2008

EUR/USD gained today at the same pace as on Monday and now the currency pair is showing its biggest weekly gain on record. The stock market optimism removed the risk-averting mood from the markets and the euro is gaining over the U.S. dollar, despite the fundamental …

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