Serving Traders Since 2005
Year 2010 wasn’t as rich on surprises as 2009 and 2008. That’s probably why my last yearly forecast wasn’t as inaccurate as usually. The major surprises (at least for me) were GBP/USD and gold. The former failed to move significantly up or down, while the gold prices stagnated after conquering the new record highs several times. …
EUR/USD rose today as signs of global economic recovery caused the shift of an investors’ attention from safe currencies, like the dollar, to riskier ones. Economic data suggested that economy of the US also recovers as all of today’s reports were positive and better than expected. EUR/USD trades now at 1.3281.
EUR/USD fell today on the speculation that the European Central Bank would perform quantitative easing to support the struggling European economy. Manufacturing data provided an additional reason for the dollar to rally, yet home prices and consumer confidence reports were less encouraging. EUR/USD trades now at 1.3108.
The Automated Trading Championship 2010 (MetaQuotes‘ contest among MetaTrader 5 expert advisors) is now officially over. The last trading day was on December 24 and it has failed to bring any surprises to the overall results in the prize positions. The first three places of this Forex championship …
Yes, you can trade FX with You Trade FX :-). It’s a rather new Forex broker that was added to the list on EarnForex.com today. They are regulated in Mauritius (which looks to be one of the most favorite destination for the Forex brokers lately). You Trade FX is a rather …
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
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 | 1.2899 | 1.2977 | 1.3045 | 1.3123 | 1.3191 | 1.3269 | 1.3337 |
Today, another Cypriot Forex broker was listed on EarnForex.com — Trading Point. It doesn’t possess any distinguishing features that wouldn’t be present in many other similar companies. Trading Point offers MetaTrader platform, micro-lot trading, average spreads and quite low minimum account size — there’s …
EUR/USD extended its losses, after it advanced earlier today, as Fitch Ratings cut of Hungary’s credit rating and put Greece’s rating on review for downgrade. US macroeconomic data was generally in line with forecasts and showed a moderate improvement of economy. A notable exception was durable goods orders, which were …
EUR/USD rose today, but later erased gains as reports showed growth of gross domestic product and existing home sales. The readings were lower than analysts forecast, though. EUR/USD trades now at 1.3086 after jumping to the intraday high of 1.3180.
US GDP increased at an annual rate of 2.6% in the third quarter …
Today I’ve finally finished reading Tom DeMark‘s The New Science of Technical Analysis. I’d say that it’s difficult to judge a book written by a living person with an almost legendary status in the world of financial trading. Despite the fact that the book was written more than 16 years …
