Forex Technical Analysis for 02/23—02/27 Week
Saturday, February 21st, 2009EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: hold.
EUR/JPY trend: hold.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
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Archive of Forex blog posts for February, 2009
New Format Forex Broker Lists and Descriptions
Friday, February 20th, 2009I’ve decided to update the Forex broker list on my site and ended up changing the whole system. With more than 110 brokers on the list, with the majority of them being MT4 and with support of CFD trading, the old category pages were loading for too long. Now…
EUR/USD Almost Snaps Previous Losses on Positive U.S. PPI
Thursday, February 19th, 2009The euro and other major currencies were growing for the whole day against the U.S. dollar today. EUR/USD almost rose to its Tuesday’s open level — the day when it fell by the most since February 4th. Currently EUR/USD is trading near 1.2684.
PPI increased by 0.8%…
EUR/USD Stagnates as Housing and Industrial Production Declines
Wednesday, February 18th, 2009EUR/USD remained almost unchanged today on the Forex market after a huge drop yesterday. The market was affected by some important macroeconomic news from the United States today and the currency pair reacted with some moderate spikes in both direction. Now it’s trading near 1.2568.…
Bad Empire State Manufacturing Survey and Good TIC Flows Make Euro to Go Down
Tuesday, February 17th, 2009EUR/USD declined significantly today (fastest since February 4) as the the mixed macroeconomic statistics from U.S. urged investors to sell the euro and the move for the U.S. dollar. EUR/USD is currently trading at 1.2598 after opening at 1.2795 today.
Empire State Manufacturing Survey report showed a decline of the…
When Will the Gold Bubble Burst?
Sunday, February 15th, 2009The gold seems to be becoming the favorite investment around as the traders are afraid of the crisis and the fiat currencies seem to be in a great danger when all those anti-crisis measures will induct a massive wave of inflation, reducing the money’s buying power. In such an environment gold looks like a good investment to save one’s assets and to multiply…
Forex Technical Analysis for 02/16—02/20 Week
Saturday, February 14th, 2009EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | |
…
Gallant FX — U.S. MetaTrader Forex Broker with Free VPS Hosting
Friday, February 13th, 2009Gallant FX is U.S. Forex broker, which is registered with the National Futures Association and operates on-line since 2006. Although for the first two years they were just an introducing broker for the other companies, since 2008 Gallant FX offers their own Forex trading services.…
EUR/USD Declines for Third Day on Better than Expected Retail Sales
Thursday, February 12th, 2009EUR/USD is currently showing a third daily decline and the second-largest daily drop since February 4 on the Forex market today as some macroeconomic reports in U.S. showed that the world’s largest economy isn’t that bad yet. EUR/USD is now trading near 1.2810.
Initial jobless claims were down from…
Trade Balance Deficit Shrinks, Budget Deficit Grows, Dollar Strengthens
Wednesday, February 11th, 2009EUR/USD fell today despite the not-so-good fundamental reports from the U.S. that were released today. The trade balance deficit wasn’t as good as the traders have expected, while the Treasury budget deficit grew significantly. And only oil reserves growth was a really positive signal…
