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Forex Blog
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 May, 2010

Will You Register for Automated Trading Championship 2010?

May 31st, 2010

MetaQuotes, the company that develops the MetaTrader series of the trading platforms, announced that the registration for their Automated Trading Championship 2010 will start tomorrow, June 1, 2010. That’s one month earlier than usually and it will last until September 22nd and the contest will probably start on October …

Persepolis Capital Management — a Broker from Dubai

May 30th, 2010

One more Forex broker company is now listed on EarnForex.com — Persepolis Capital Management. This broker is based in Dubai (UAE) and apart from the retail trading services in Forex and other markets it offers investment opportunities via the managed accounts. A trading account can be opened with …

Forex Technical Analysis for Week 05/31—06/04

May 29th, 2010

EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
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 1.1685 1.1919 1.2095 1.2329 1.2504 1.2738 1.2914

Volatile Moves of EUR/USD Caused by Bad News for Euro & Dollar

May 28th, 2010

EUR/USD currency pair experiences volatility today as both the dollar and the euro encountered some hardship. The euro was weakened by speculation that Germany may ban naked short selling of some securities permanently. In the same time, the dollar was harmed by reports, which showed slowdown of the U.S. economic growth. EUR/USD trades …

Russian Broker with Favorable Micro Conditions — FBS

May 27th, 2010

FBS is a latest addition to the list of Forex brokers on EarnForex.com; its description was published today. This broker is of a Russian origin but is registered in Mauritius (which looks to be a popular destination to start-up brokers recently). It’s quite a generic MetaTrader Forex broker but they offer …

U.S. GDP & Unemployment Value Worse Than Predicted – EUR/USD Rises

May 27th, 2010

EUR/USD is going up after China declined the report that it’s reviewing its euro-denominated assets, improving an outlook for the euro, and after reports from U.S. showed worse results than was expected. Figures released today were below forecasts, suggesting that U.S. economy isn’t expand as fast …

U.S. Windows VPS from Experienced Company — PhotonVPS

May 26th, 2010

PhotonVPS is a latest listed Forex VPS service on EarnForex.com. It’s a rather old company that offers not only specialized Windows Forex VPS hosting but also a lot of other hosting types for all kind of needs. Their Windows VPS deserves attention. The basic packages starts from $23.95, …

EUR/USD Drops While U.S. Manufacturing & Home Sales Grows

May 26th, 2010

EUR/USD currency pair extended its decline as U.S. economy recovers with renewed fervor. Increasing number of durable goods orders signals about expanding production, while rising house sales prove that U.S. consumers regained their confidence. EUR/USD trades currently near 1.2236.

Durable goods orders

EUR/USD Declines on Signs of Growing Consumer Confidence in U.S.

May 25th, 2010

EUR/USD declined today amid signs of economic growth in U.S. and concerns for European economic stability. The central bank in Spain took over the savings bank CajaSur, that was heavily harmed by the property-loan defaults, causing concern about resilence of European banking system. At the same time, reports from U.S. showed that …

Trading on Weekly Gaps Can Be a Good Idea

May 24th, 2010

It turns out that the price gaps that usually occur on weekends and result in a price difference between the Friday’s close and the Monday’s open not only frustrate traders with positions closing worse than stop-loss, but they also are a good source of trading opportunities. If you know how …

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