Archive

The euro strengthened today against the U.S. dollar as the Central European Bank would lend European bank less than was predicted, igniting hopes that European financial system recovers from crisis. ECB announced that it’d loan 131.9 billion euro to banks in a three-month tender, while forecasts spoke …

EUR/USD currency pair dropped for a second day after yesterday’s report about growth of personal spending and income in the U.S. The home price index also brought good news, doubly welcome news from very bearish market. Astounding slump in consumer confidence, though, threatens to erase any positive effect, which …

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

…

The dollar were rising today against the euro as the traders don’t expect that the forthcoming G-20 meeting would provide the agreement about the measures to battle the European troubles, but now experiencing volatility after the report showed lesser than expected economic growth. Consumer sentiment continues to improve despite unfavorable macroeconomic …

EUR/USD currency pair declined today on growing concerns about European debt crisis as European equities fell today. U.S. macroeconomic data was generally neutral today and without unexpected results. EUR/USD trades currently near 1.2294.

Initial jobless claims was at the seasonally adjusted rate of 457k in the week ending …

EUR/USD advanced today after a sharp decline as the U.S. housing market continues to show terrible results. New homes sales posted a really depressing value. FOMC kept the low interest rates and hinted that it may keep the rates for a long time. EUR/USD trades near 1.2325 now.

New homes …

The surge of optimism, brought by signs that China plans to relax yuan’s peg to the dollar, was short-lived and hasn’t helped the euro much. On the other hand, credit rating of BNP Paribas, which was decreased by Fitch Ratings from AA to AA-, reignited fears that the debt crisis will strangle European economy. …

I’ve converted Trade Assistant indicator from MT4 to MT5 today. It’s a multi-timeframe indicator that can show RSI, CCI and Stochastic Oscillator signals for 6 timeframes: M5, M15, M30, H1, H4 and D1. Although the conversion was rather tricky it was also quite interesting as I could enhance …

As was the case with most of the Forex trading contests that are held on the demo accounts, in the Automated Trading Championship (ATC) 2010 it’s very important to have not only a great trading strategy implemented in the expert advisor but also an aggressive money management system that will use …

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

…