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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for January, 2010

EUR/USD Climbs as U.S. Employment Figures Frustrate Analysis

January 8th, 2010

A U.S. employment report provided support for the EUR/USD currency pair to climb significantly erasing earlier losses as data came much below forecasts, declining attractiveness for the dollar which also posted losses versus several important currencies before the end of this week’s session. EUR/USD is currently trading at 1.4415 and is …

Another Forex Broker with “IKON” in Its Title

January 7th, 2010

IKON Brokers is the latest Forex broker that was added to my site today. It shares the similarity of the word “IKON” in its title with another broker — IKON GM – Royal. Besides the title there are no similarities between them. IKON Brokers is a new Russian company …

EUR/USD Fluctuates on Greek Debt, U.S. Data

January 6th, 2010

The EUR/USD currency pair started the day bearish as Greece’s financial situation once again raised concerns about some of the Eurozone member’s credit ratings, declining attractiveness for the European single currency. U.S. data published today did not impact intensively the outlook for the greenback, as data came slightly disappointing, but within …

EUR/USD Neutral on Mixed U.S. Economic Data

January 5th, 2010

The EUR/USD currency pair chart oscillated within a considerably low amplitude as mixed U.S. data coming from the real estate and the secondary sector were published today, but with a slight advantage to the euro, which is posting the third consecutive day of gains versus the U.S. currency as traders started the year with …

EUR/USD Starts Bullish in 2010 as Risk Appetite Surges

January 4th, 2010

The EUR/USD currency pair started this year with a strongly bullish pattern as commodities and stocks rallied worldwide, declining attractiveness for the greenback. The crude oil traded above $80 a barrel and traders opted for riskier bets to start 2010, affecting the dollar negatively in a day were no events influenced significantly the sentiment for the European …

Broker Easy to Start with — AC Trading

January 3rd, 2010

AC Trading is an Australian (?) Forex broker that was added to my site today. It’s not regulated by any financial institution and is quite new, which makes it not very attractive to the majority of the Forex traders. But good thing about this broker is that it’s very …

Forex Technical Analysis for 01/04—01/08 Week

January 2nd, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4040 1.4129 1.4241 1.4329 1.4442 1.4530 1.4643
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