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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 September, 2010

A Rather Strange US Broker — ICM Brokers

September 20th, 2010

The latest addition to the list of Forex brokers on EarnForex.com is ICM Brokers. It’s a rather strange MetaTrader Forex broker that claims to be registered in United States but isn’t regulated by NFA or CFTC. Most probably it’s set up as an offshore LLC in US but isn’t registered as a tax payer …

Forex Technical Analysis for Week 09/20—09/24

September 18th, 2010

EUR/USD trend: sell.
GBP/USD trend: sell.
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 1.2321 1.2512 1.2775 1.2966 1.3229 1.3420 1.3683

EUR/USD Fluctuates on Mixed Economic Reports from US

September 17th, 2010

EUR/USD currency pair moves up and down today as economic data from the US was mixed. Consumer price index grew more than predicted but preliminary report about the Reuters/University of Michigan Consumer Sentiment posted an unexpected decline. EUR/USD trades currently near 1.3060.

CPI indicator increased 0.3% …

Good US Reports Boost Risk Appetite, Pushing EUR/USD Higher

September 16th, 2010

The euro extended its rally against the dollar today as good reports from the US, including report on Producer Price Index and unemployment claims, increased investors’ risk appetite. Philadelphia Fed Business Outlook Survey said that “regional manufacturing activity was nearly flat in September”. EUR/USD trades now near …

EUR/USD Goes Up on Sing of Slower US Economic Growth

September 15th, 2010

EUR/USD was trading sideways today after declining somewhat, but recently jumped as economic reports from the US was rather bad. Reports indicated that US economy is still growing, but pace of growth is constantly slowing. EUR/USD trades now at about 1.3017.

NY Empire State …

InstaForex — First Broker to Offer Real MetaTrader 5 Accounts

September 14th, 2010

Breaking news! InstaForex announced today that it became the first Forex broker to offer real accounts with MetaTrader 5 as the trading platform. Although it’s a great news for all traders (that are trading or have ever considered trading with InstaForex), as the MT5 platform has many advantages (like …

EUR/USD Rises After Decline on Sentiment

September 14th, 2010

The euro slid versus the dollar earlier as the confidence in Europe’s economy worsened but now returned to its opening level and continues to rise. There is not much data from the US today. Retail sales rose as was expected and business inventories unexpectedly surged. EUR/USD trades currently near 1.2897 after …

Treasury Budget Deficit Shrinks, EUR/USD Rises

September 13th, 2010

The euro jumped against the dollar today with improving outlook for global recovery. Today we had only one report: about treasury budget. It showed that budget deficit significantly shrank in August. EUR/USD trades now at 1.2871.

US treasury budget posted a deficit of $90.5 billion in August

Do You Use Any On-Line Forex Tools?

September 13th, 2010

Various websites provide a great selection of free and paid Forex tools that can be used by the currency traders for the purpose of increasing their profitability. For example, I often use a position size calculator and watch Forex videos on-line, which helps me to get the latest analysis and news. Economic calendar is …

Forex Technical Analysis for Week 09/13—09/17

September 11th, 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 1.2322 1.2483 1.2596 1.2757 1.2870 1.3031 1.3144
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