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 April, 2010

Euro Falls to April Low as Greek Budget Deficit Worsens

April 22nd, 2010

EUR/USD fell to it’s minimum level this month as the Greek budget deficit proved to be worse than expected while the fundamentals from U.S. supported the greenback. The currency pair is now trading near 1.3286 after hitting a daily bottom at 1.3276 today — the lowest level since March 26.

PPI

EUR/USD Drops on Global Fears

April 21st, 2010

The dollar strengthened against the euro today during the early Forex session as the investors become more afraid of the financial risks with the situation around Greece and Goldman Sachs. The pair traded with a volatility after the fundamental news on the U.S. crude oil reserves was released but didn’t show any momentum. EUR/USD …

Pivot & Fibo Indicator Now in MetaTrader 5

April 20th, 2010

Another conversion from MT4 to MT5 is presented to you today. It’s a TzPivots indicator that can display daily pivot points (several types), support and resistance levels and Fibonacci retracements on the main chart. It can adapt to different timezones (both your own and your MetaTrader server’s) and thus …

Forex Account Hacking — a Real Problem?

April 19th, 2010

A few days ago a trader from a popular Forex forum asked a question concerning the safety of the Forex trading accounts from hacking and other security-related issues, specifically about the safety of the MetaTrader 4 accounts. While there is a dependence between the security policy of the trading platform and the security of the funds in the trading account, the more …

Forex Technical Analysis for Week 04/19—04/23

April 17th, 2010

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
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 1.3191 1.3332 1.3411 1.3551 1.3630 1.3771 1.3850

EUR/USD Falls on European Problem and Improved U.S. Housing

April 16th, 2010

The dollar continued to rise versus the euro today as the European problems with Greece prove to be rather unresolvable in the near-term period. Meanwhile, some positive reports about the real estate market in United States spurred some confidence in the U.S. dollar. EUR/USD is now trading near 1.3514.

Housing starts rose …

EUR/USD Falls Before Macroeconomics Released

April 15th, 2010

EUR/USD went down today before the a group of important macroeconomic reports were released. After release, the currency pair corrected up slightly. It’s now trading near 1.3564.

Initial jobless claims went up by 24k to 484k last week. They were expected to decline to 440k instead.

Net foreign

Euro Fails to Appreciate Against Dollar

April 14th, 2010

EUR/USD failed to go up significantly today and retreated even before reaching the Monday’s high level, as the fundamental indicators hinted a soon rate hike in the United States. The pair is currently trading near 1.3629 and it looks like the traders aren’t quite sure where to go now.

Retail sales unexpectedly …

New Resource About Forex Bonuses

April 13th, 2010

A new Forex resource went on-line today. It was created to present the available Forex bonuses to the traders, allowing them to get the detailed information about the bonuses, read other traders’ reviews and participate by reviewing and rating the brokers’ bonus programs.

ForexBonus.com is currently listing 32 active bonuses from 13 …

Dollar Consolidates on Trade Balance Deficit Growth

April 13th, 2010

EUR/USD consolidated today with a previous movement both up and down, as the traders are unsure about the further direction for the pair. The dollar’s dynamics against the euro is affected strongly by the events in Europe and less of the market participants look seriously at the U.S. statistics nowadays. EUR/USD is now trading near 1.3599.

U.S.

Follow EarnForex Blog on Twitter