Archive

EUR/USD today extended its decline to the lowest level since September, though currently recovered somewhat, on concerns about European sovereign-debt crisis and as US economy shows signs of recovery. The recovery is followed by improvement of consumer confidence. Tomorrow we’ll see if the recovery helped to increase the number of employed persons in the US. …

I’ve always wondered why some traders choose to use moving average calculated on Close, some on Open, some on High and some on Low. The resulting curves can be quite different and its difficult to decide which one is better for analysis. Moving Average Candlesticks solves the problem by displaying the moving average …

Please, welcome the newest Forex broker that was listed on EarnForex.com today — ECN Alpha Limited. According to their representative they are based in Hong Kong and Australia. They are registered in Hong Kong (it’s a nice offshore territory, which has become very popular among Forex brokers …

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

…

Considering that today isn’t a day of a high market volatility and big opportunities in Forex, I’ve decided to post something interesting but a little detached from the actual trading. I’m always interested in how the popularity of the Forex trading grows among the common people. Fortunately enough, Google is such a nice company …

EUR/USD rebounded today from an initial decline on speculation that yesterday’s drop was overdone and as demand for a safety waned. Today we had a day rich on a macroeconomic data ahead of holidays. There will be no more economic reports this week. EUR/USD trades now at 1.3375.

Initial jobless claims…

Optimism for Ireland’s bailout quickly wore out and today EUR/USD currency pair experienced a significant decline. US GDP and manufacturing reports were better than expected, supporting the dollar, but existing home sales unexpectedly dropped. EUR/USD trades now at 1.3370 after opening at 1.3626.

Preliminary GDP increased at an annual …

Stop-loss is one of the best invention of the financial trading. At the same time it’s also one of the most cursed thing in Forex — how many times was your stop-loss hit just before the trend reversed in the direction of your position? For many traders stop-loss orders are the reason of depression and despair. Unfortunately, not …

To tell the long story short — I didn’t like Rob Booker’s The Currency Trader’s Handbook. It’s a very “general book”, which can be interesting only to the new Forex traders (or too desperate experienced ones), and its pages have an unbearable ratio of small talk to useful content. A comparison with Ed …

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

…