Forex Blog

The forecast for 2009, that was posted by me on January 3rd this year, came out to be not very accurate but definitely better than the one for the year 2008. I’ve missed largely with the USD-based pairs (especially GBP/USD — a parity! What was I thinking about?!), but the yen-based forecasts…

The EUR/USD currency pair extended yesterday’s decline as an economic activity report in the U.S. came much above forecasts and featuring the highest level in four years, adding evidences that economic conditions in the U.S. are improving at a fast pace, helping the dollar to gain versus a not so attractive euro in the past weeks, as the IMF…

The EUR/USD currency pair rose today as the appeal for the greenback remained rather negative in a high risk fueled session were traders left dollar-priced positions to invest in higher-yielding currencies. Consumer confidence helped the dollar to stop its losing streak versus the euro but came slightly below forecasts, having a mild impact…

The year 2009 comes to an end. The overall market behavior was quite surprising to the majority of the Forex traders as the dollar traded in a very unpredictable manner — rising and falling and then again rising with a high level of volatility. Many analysts issue their forecasts regarding the next year, 2010. In the next few days I’ll…

The Forex broker that was added to my site today is Kalita-Finance (or KF-Forex) and is based and regulated in Russian Federation. This broker is quite old (by the measure of the other on-line Forex brokers) — it went on-line in 2002. Unfortunately, it doesn’t support a MetaTrader platform but instead offers its…

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

…

I hope you all are enjoying the rest from the Forex trading today and didn’t lose much on the widened brokers‘ spreads yesterday.

I decided to post some interesting note about Christmas Eve Forex trading today and have done a small research of some popular currency pairs. I’ve looked at the daily…

The EUR/USD currency pair had the sharpest advance in two weeks today, after the dollar rallied significantly on speculations that the Federal Reserve could lift stimulus and raise interest rates in U.S. sooner than expected, attitudes so far declined by the U.S. central bank that erased optimism among traders which…

Finally a change in the EUR/USD currency pair trend was perceived today after a frustrating new home sales report, that came much below forecasts and declining attractiveness for assets in the U.S., after the dollar gained for several straight days versus the euro. After the report, the euro entered an uptrend versus the greenback and currently…

The EUR/USD currency pair continues on a bearish trend despite a rather disappointing final U.S. GDP report for this year’s third quarter, considering that this reading, being the final for this quarter, has less impact among traders then previous ones, specially since the first for each quarter, already show…