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EUR/USD rose today as economic data from the US was less encouraging than expected. On the other hand, the data wasn’t very bad by itself: jobless claims decreased, manufacturing conditions improved a little and leading indicators rose. EUR/USD currently trades at about 1.4027 after it dropped to the intraday low of 1.3872.…

EUR/USD erased yesterday’s decline today on speculation that Beige Book report, released later today, will support the outlook for additional stimulus by the Federal Reserve to support US economy. Yesterday the currency pair slumped after China unexpectedly increased its interest rates. Perhaps, the decline was overdone. EUR/USD trades …

4RunnerForex is the new ECN/MetaTrader Forex broker launched by a company from BVI. It’s notable for allowing both web-based and MetaTrader trading, while the MT4 accounts have a choice of ECN execution and fixed spreads. It’s also notable for its name, which strongly reminds me of one Toyota SUV. …

EUR/USD gradually rises after falling earlier today. It looks like the currency pair will be struggling to rise after such fast rally. EUR/USD trades now at 1.3948 after slumping previously to 1.3831.

Net foreign purchases of the long-term US securities was at $128.7 billion in October, …

A few days ago I’ve finished reading another trading book — Trade Your Way to Financial Freedom by Van K. Tharp. I’ve already written about it 3 years ago. But back then I’ve read only the chapters dedicated R-multiple risk management and some pages …

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

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The Federal Reserve Chairman Ben Bernanke in his speech today signaled that the Fed indeed is going to stimulate the US economy. Instead an expected weakness of the dollar we’ve seen slump of the euro. There was many reports from the US today and economic data was somewhat mixed. EUR/USD trades now …

The dollar continues its downfall against the euro in anticipation of another round of quantitative easing. Fundamentals don’t provide support for the US currency as reports about trade balance and jobless claims were somewhat worse than expected. EUR/USD surge today to 1.4121 and settled for now at 1.4069.

Producer Price Index (PPI) increased …

The euro was rising today against the dollar, which continued its decline against most other currencies after yesterday’s FOMC minutes suggested that next round of quantitative easing may be performed soon. Recently the EUR/USD currency pair expected a sharp decline but for now stays above the opening …

Detrended Price Oscillator is the latest free technical indicator that was uploaded to EarnForex.com. Like its name suggests, DPO is an oscillator that shows the changes of price direction. The ”detrended” part stands for being able to produce signals even when the small changes in the trend are in effect. The MT4 version …