Top Menu

Feedburner

Right-Side Top Menu

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

Archive

Archive of Forex blog posts for March, 2010

Forex Technical Analysis for Week 03/22—03/26

March 20th, 2010

EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: sell.
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 1.3101 1.3301 1.3416 1.3616 1.3731 1.3931 1.4046

Forex Broker from Gibraltar

March 19th, 2010

You can now read the description of the new Forex broker that was added to EarnForex site today — Investors Europe. They are based and licensed in Gibraltar and are regulated by the Financial Services Commission of this country. The broker is notable for the wide array of the available Forex trading platforms, including …

EUR/USD Continues to Fall Despite Lower CPI

March 18th, 2010

EUR/USD continued its decline today falling down to the weekly lows and then retracing back somewhat. The U.S. fundamentals remain rather weak and unsupporting for the U.S. dollar, but the markets seem to be more preoccupied with the current Eurozone’s fiscal problems. The currency pair is now trading near 1.3683.

CPI

EUR/USD Tests New Maximum on Declined PPI

March 17th, 2010

EUR/USD tested its new maximum level since February 9 and then retraced below the daily open level on bad PPI report and mixed oil inventories reports. The maximum has been set before the reports were released and declined before and after the release. The currency pair is now trading near …

EUR/USD Rebounds as Fundamentals Don’t Favor USD

March 16th, 2010

EUR/USD retraced from the yesterday lows set on the bad signals from Europe. Fundamentals that came out in U.S. today aren’t very positive for the dollar, while the interest rate decision by FOMC didn’t bring any real surprises to the market, but decreased the general risk-aversion, helping such currencies as the euro. The currency …

Euro Falls vs. Dollar on Greek Problems

March 15th, 2010

EUR/USD declined rapidly today as the European aid to the troubled Greece meets new obstacles, pushing the Eurozone’s currency down against the U.S. dollar. The macroeconomic releases from United States showed some stagnation in all three indicators, reducing the market’s optimism about the global economy. EUR/USD is now trading near …

Forex Technical Analysis for Week 03/15—03/19

March 13th, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3158 1.3297 1.3458 1.3597 1.3758 1.3897 1.4058

EUR/USD at Monthly High Before Retail Sales Report

March 12th, 2010

The EUR/USD currency pair reached its maximum level since February 11th today before the report on the retail sales was released in U.S. It showed a better than expected value but the dollar gained and reached its daily high before the report has been made available to the public. EUR/USD showed …

USD Consolidates on Improved Trade Balance

March 11th, 2010

EUR/USD is currently showing a perfect Doji candlestick patter on the chart as the traders reacted to the improved trade balance deficit of the United States. Meanwhile, the jobless claims remained near the same level as a week before, leaving the Forex traders no real guidance for the short-term future. EUR/USD is now trading near 1.3659.…

Custom Platform Forex Broker from Hong Kong

March 10th, 2010

DfxTrade is a new on-line Forex broker that was added to my site today. According to its website, the company is based in Hong Kong and operates globally except for the residents of the United States. For some odd reason their domain name is registered only until June 2010 (less than a half …

Follow EarnForex Blog on Facebook