Forex Technical Analysis for 02/02—02/06 Week
Saturday, January 31st, 2009EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
…
Archive of Forex blog posts for January, 2009
Dollar Continues to Gain as GDP Falls in 4th Quarter
Friday, January 30th, 2009EUR/USD continued to fall today for the fourth straight day as the advance GDP report for the fourth quarter showed a considerable decline of the economic output in U.S. The currency pair is currently trading near 1.2795.
GDP (advance) in the Q4 of 2008 decreased at an annual rate of 3.8%. The decline…
EUR/USD Falls Steadily as Economic Conditions Worsen in U.S.
Thursday, January 29th, 2009EUR/USD posted a rather deep decline today after showing some weak drops during the previous two days. The U. S. macroeconomic reports from the employment, industrial and housing sectors were all negative today. EUR/USD is now trading near 1.2976 after opening at 1.3150.
EUR/USD Tumbles after FOMC Meeting
Wednesday, January 28th, 2009EUR/USD showed some really promising growth earlier today. The optimistic mood at the financial markets was based on the FOMC meeting’s expectations and the expectations that the «bad bank» plan will be approved soon. The Federal Reserve meeting showed that the committee is still…
TeleTRADE — Russian Forex and CFD Broker
Tuesday, January 27th, 2009TeleTRADE is a very old Forex broker company. It’s quite popular in the ex-USSR territories due to the large amount of the off-line offices and the free trading seminars they are offering from time to time. The company was created back in 1994, but the on-line services were…
EUR/USD Posts Biggest Daily Gain This Year
Monday, January 26th, 2009Today EUR/USD rose at a fastest pace since December 17. As the fundamental data reports were very positive in the United States, traders thought that it might be a good chance to bet against the dollar in the favor of the more risky and high-yielding currencies. EUR/USD rose from 1.2916 to 1.3141 as of now.…
CGTIM — Another Jordanian MT4 Forex Broker
Sunday, January 25th, 2009CGTIM (or Commercial Group for Trading in International Markets) is a MetaTrader 4 Forex broker based in Jordan. As the other Jordanian brokers it offers Muslim-friendly trading accounts — with no overnight interest or swaps. Trading with this broker can be started with $1,000 for mini-Forex accounts. The deposit/withdrawal methods are limited to wire…
Forex Technical Analysis for 01/26—01/30 Week
Saturday, January 24th, 2009EUR/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 | |
…
AL Trade Forex Broker Description
Friday, January 23rd, 2009What I like about the unregulated Forex brokers (registered in the offshore zones) is that they aim on the non-U.S. and non-Canada traders, offering multilingual websites and user support service. AL Trade is one of such brokers. Like many of the similar on-line brokerage companies it provides MetaTrader…
The Worse U.S. Economy Gets the Deeper EUR/USD Goes
Thursday, January 22nd, 2009Contrary to the common sense the EUR/USD declines when more bad news comes out from the U.S. — the world’s largest economy. Probably, the traders believe that if things are so bad in America, other countries will also get plundered by the recession. EUR/USD traded with almost…
