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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 January, 2010

Forex Technical Analysis for 02/01—02/05 Week

January 30th, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3418 1.3640 1.3751 1.3972 1.4084 1.4305 1.4416

Dollar Continues to Advance on GDP Growth

January 29th, 2010

The dollar touched a new record for 2010 versus the euro as a quarterly gross domestic product report published today surprised traders with actual figures coming considerably above forecasts, suggesting that the U.S. economic recovery is accelerating, and allowing the dollar to post a weekly gain versus a less attractive euro due …

EUR/USD Remains Bearish Despite U.S. Weak Data

January 28th, 2010

The EUR/USD continued its losing streak today despite worse-than-expected data published in the United States. The dollar declined versus most of the main traded currencies but maintained the highest rate in 2010 versus the euro as the single currency continues to be under the influenced of pessimism in the Eurozone. EUR/USD currently trades at 1.3991.

Initial jobless

Dollar Rises on Fed Optimism

January 27th, 2010

The euro traded for the first time in 2010 below $1.40 as the Federal Reserve stated on its interest rates decision report today that the multiple economic sectors are improving in the U.S., and economic stimulus used to help the country to emerge from last year crisis will start to be lifted, helping the greenback to gain …

Uneasy Situation

January 26th, 2010

Hello my readers! Today I think that I need your help to solve some uneasy situation that concerns some of the reviews on EarnForex.com and thus is important for the quality of the content and information that you as the site’s visitors receive from it.

The situation involves a trader (let’s call him Joe), a broker (let’s call …

Dollar Heads Up Despite Fundamentals

January 26th, 2010

EUR/USD declined today after a 2-day consolidation on Forex as the traders sold the pair on expectations of the important macroeconomic reports which were to come out later today. Although, the reports weren’t very surprising and were more pro-bullish for EUR/USD, the currency pair continued to remain low even after releases. It’s now trading …

Forex Reviews — Are They Useful?

January 25th, 2010

My site provides the ability for the visitors to review both Forex brokers and the VPS hosting providers for the MT4 expert advisors. At the same time I provide my own reviews of both services and the occasional reviews of some other Forex sites. The Internet is full of the Forex reviews relating to all kinds of products — from the expert advisors …

Forex Technical Analysis for 01/25—01/29 Week

January 23rd, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3588 1.3808 1.3973 1.4193 1.4358 1.4578 1.4743

Rather Pointless Australian Broker — Vantage FX

January 22nd, 2010

The latest Forex broker that I’ve added to my site today is Vantage FX. It’s a white label partner of another Australian broker — GOMarkets. It’s a separate company regulated by ASIC, but in terms of the retail Forex services it doesn’t add anything new as a broker compared …

EUR/USD Continues Drop on Better U.S. Outlook

January 21st, 2010

Another consecutive day of losses for the European single currency this Thursday evidenced a decrease in attractiveness for the euro as services and manufacturing reports published today showed worse than expected figures in the Euroland. The U.S. dollar continued bullish today versus several currencies despite mediocre data showed in nation’s reports today. EUR/USD …

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