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Forex Blog
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 May, 2009

EUR/USD Fails to Break Through Resistance on Global Trade Decline

May 12th, 2009

The dollar was losing strongly during the early trading session today but failed to fall past its support and euro’s resistance level located near 1.3720, as the U.S. reported decline in its global trade and traders shunned the high-yielding assets. EUR/USD is now trading near 1.3622.

U.S. trade balance report for March …

Real Scalping Contest from InstaForex

May 11th, 2009

InstaForex has announced that the «Real Scalper InstaForex» contest will be held every week on Friday (full Friday trading session). It’s an extreme scalping contest that is performed on the real money accounts with $100 initial deposit and $1,500 prize fund. The rules are very simple — you register …

Two New Categories — Oil and Gold Trading Brokers

May 11th, 2009

I added two new Forex broker categories to the site today — Forex brokers with gold trading and Forex brokers with oil trading. Recently I’ve noticed that many traders seek opportunity to trade on something other than plain old currency pairs. Apart from being able …

Forex Technical Analysis for 05/11—05/15 Week

May 9th, 2009

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2611 1.2788 1.3031 1.3208 1.3451 1.3629 1.3872
GBP/USD 1.4208 1.4361 1.4641 1.4794 1.5074 1.5227 1.5507
USD/JPY 92.66 94.14 96.62 98.10 100.58 102.06

EUR/USD Rallies to Monthly High after Nonfarm Payrolls

May 8th, 2009

EUR/USD rose for a second day today and reached the highest value in more than a month after the U.S. employment declined at a less than expected rate. Traders felt more confidence in the high-yielding assets and turned to stock and euro buying, dumping the low-yielding greenback. …

EUR/USD Trades with High Volatility after ECB Rate Cut and U.S. Employment Report

May 7th, 2009

EUR/USD rose immediately after ECB announced a rate cut today but then began to fall sharply before the reports on the U.S. employment sector were released. Now it’s trading near 1.3360 — above its daily open level at 1.3312.

ECB decided to cut the interest rate

EUR/USD Down as Stocks Fall Despite Good Fundamentals

May 6th, 2009

EUR/USD declined fro the second day after rising earlier today as the stock markets failed to sustain a growth and corrected almost to a zero daily change after opening positively today. Very good fundamental reports were released in U.S. today and yesterday but they failed to inspire …

Know Any Good Free Forex Sites?

May 5th, 2009

I am currently working on a project that has a lot to do with the free Forex sites. If you know any good free sites that offer information about trading, or some downloads, or EAs, or anything else interesting, please, post the URLs in a commentary below. If you own such site this is a good …

Dollar Loses Against Euro as Housing Sector Improves

May 4th, 2009

Housing sector in U.S. showed some improvement today, while the stock markets were less than usually concerned with the swine flu outbreak and the global recession. EUR/USD rose for the second day today and is now trading near 1.3328.

Construction spending rose …

OrderSend Error 129 — What to Do?

May 3rd, 2009

When using some MT4 expert advisors you may have encountered a rather annoying error message, which reads «OrderSend Error 129». This error should be avoided during EA’s creation, but even if you aren’t the author of the problematic EA, this error is rather easy to fix. OrderSend Error 129 in MetaTrader platform is internally called …

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