Forex Blog

EUR/USD spiked up during the early trading session reaching as high as 1.3385 (the highest level since April 13) after opening at 1.3256 but after the fundamental reports in U.S. showed that the world’s biggest economy is stalling the currency pair rolled back below the daily open level. It’s now trading…

Despite the huge and quite unexpected drop of the U.S. gross domestic product in the first quarter of 2009 reported today, the stock markets rose globally, spurring euro and other high-yielding pairs in their gain against the greenback. The interest rates left unchanged weren’t a big news…

Another Forex broker that offers a technically easier start for the new Forex traders was added to my Forex broker list today — Forex4you. Although they claim to be on-line since 2007 I’ve never heard about this broker until several days ago, but they look worth…

EUR/USD rose a little today after falling significantly yesterday. Today’s trading session opened with the bearish sentiment and the currency pair managed to reach the lowest value since last Wednesday but later the rate began to rise. Fundamental reports from U.S. were better than…

The new indicator that I’ve created recently (based on the idea of one of my site’s visitors) can help every Forex trader that uses MetaTrader platform. It can notify traders when the currency pair rate (or price) reaches a certain level, goes above some level or goes below some level.…

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

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EUR/USD gained a lot on the Forex market today after the European fundamental reports showed some improvement earlier and the U.S. fundamentals removed recession fears in the later trading session. It’s now trading near 1.3266.

Durable goods orders decreased by 0.8% in March after rising by 2.1%…

EUR/USD gained slightly during today’s trading session despite the predominantly pro-crisis and anti-euro fundamental news that were released in U.S. and Eurozone both today and yesterday. The currency pair is now trading near 1.3020 after closing at 1.3002 yesterday.

Initial jobless claims were at 640k in United States…

New VPS hosting company was listed on my site today — Swvps.com. It’s a rather old VPS hosting service provider that went on-line in July 2006. It has nothing special to offer for the Forex traders but it’s cheap and stable enough to make it a good choice for the MetaTrader…

The new e-book (actually an article excerpt from the Futures Magazine) was uploaded to my site today. It’s about the risk control and money management in Forex and elsewhere. The whole book is only 4 pages long, but it succeeds in introducing the most important approaches to money management…