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EUR/USD currency pair was rising at the start of today’s trading session, but for the most part of a day it experienced steady decline. Today’s poor reports from US may weaken the dollar, adding to concerns about the US economic recovery, but may drag the euro further down, as bad news from …
EUR/USD tumbled down today as yesterday’s dovish FOMC statement shook markets, seriously hurting outlook for the global economy. Today’s reports showed that trade balance deficit and treasury deficit increased, while US crude oil inventories continued to decline. EUR/USD trades now near 1.2874.
In our previous article, we covered the story of Russell Cline and how he scammed his investors off $16 million that he used to enrich his own lifestyle. Today, we bring you the story of another such person named Richard Matthews Jr., who pooled in over $30 …
EUR/USD dropped today as low as 1.3074, but surged after FOMC announced that interest rates remain at their record low levels. EUR/USD trades currently at 1.3211.
Nonfarm productivity preliminary report showed today the decrease by a 0.9% annual rate in the second quarter of 2010, following the growth by 3.9% in the first quarter. …
I’ve received a rather strange spam message today from some crazy folks, explaining how messed up the global financial system (and Forex market in particular) currently is. Although it’s a mix of the laughable arguments and the paranoid conclusions of some conspiracy theory nuts, it caught my attention because one of the arguments …
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
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 | 1.2839 | 1.2945 | 1.3119 | 1.3225 | 1.3399 | 1.3505 | 1.3679 |
The reports about conditions on the US job market sent the dollar tumbling down as claims for jobless benefits increased, instead of decreasing as was expected, and nonfarm payrolls dropped a lot more than was forecast. The report about consumer credit showed better valued than Forex traders expected, but it was …
Cheats and fraudsters abound in the world, and the foreign currency investment market has seen its share of conmen over the years. In fact, there have been a few scams of such magnitude in this market that will make you think twice before believing in any new get-great-returns-fast scheme.
The dollar went up versus the euro today as reports from the US were better than expected. US employers added more jobs than experts predicted and services industry in the US expanded with accelerating pace. EUR/USD is currently trading at 1.3153.
ADP employment change report showed the 42k …
The USD slumped at the start of today’s Forex trading session, but later began gradually to rise. Unfavorable reports may reverse this trend, though. EUR/USD trades now at 1.3189.
Personal income and personal spending grew less than 0.1% in June. In May personal income increased by 0.3% (revised down from …