Top Menu

Feedburner

Right-Side Top Menu

Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for May, 2011

EUR/USD Remains Flat, US Economy Looks Good

May 12th, 2011

EUR/USD traded sideways for the most part of the day. The currency pair fell a little, but quickly recovered. The economic reports from the US were very positive today and that may put a downward pressure on the euro. EUR/USD trades now at 1.4218.

PPI rose 0.8% in April, on a seasonally adjusted basis, following the increase …

Greece Continues to Threaten Stability of Euro

May 11th, 2011

EUR/USD traded without any particular trend in the first half of today’s trading session, but plunged heavily in the second. Greece with its debt problems continues to threaten stability of the Eurozone and the European policy makers may refuse to extend the deadline for repaying the debt if the country wouldn’t take measures to improve its …

EUR/USD Fluctuates on Uncertainty About Greece

May 10th, 2011

EUR/USD fell quickly at the beginning of the today’s trading session and recovered even more quickly. After several volatile swings the currency pair doesn’t show any discernible trend. The reason for such behavior is uncertainty about ability of Greece to overcome its credit problems. The positive decision of the European Union policy makers …

Is It All Over for Silver?

May 9th, 2011

What might seem a tragedy for many home-bred silver investors could be a profitable trading opportunity for silver skeptics. Although the silver is growing for the second day in a row today, it’s still far below its peak level of $49.73 per troy ounce that was reached on April 25. While …

Candle Wicks Length Display Indicator — MT4/MT5

May 8th, 2011

Today, I present an improved version of my CandleWicks indicator. From being a simple alert script it becomes a more or less real indicator with some on-chart display. By the request of one of our forum users, I’ve coded a candle wicks length display feature for this indicator. It will show …

Forex Technical Analysis for Week 05/09—05/13

May 7th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3469 1.3888 1.4101 1.4520 1.4733 1.5152 1.5365
GBP/USD 1.5850 1.6101 1.6233 1.6484 1.6616 1.6867 1.6999
USD/JPY 77.43 78.50 79.55 80.62 81.67 82.74

EUR/USD Loses Ground as Payrolls Provide Pleasant Surprise

May 6th, 2011

EUR/USD experienced a sharp downfall today after the US nonfarm payrolls showed that employment growth rose accelerated, instead of slowing according to forecast. On the other hand, unemployment also increased. US consumers increased their borrowing in March, suggesting that Americans feel optimism for their economic future. EUR/USD currently …

ECB Holds Key Rate, EUR/USD Sinks

May 5th, 2011

EUR/USD slumped today after the European Central Bank kept its main interest rate unchanged. (Event A on the chart.) ECB President Jean-Claude Trichet said that the policy maker will watch the inflation “very closely”, suggesting that the Bank may lift rates in June. The euro’s rally stalled this weak …

EUR/USD Retreats After Rally on Interest Rates Expectations

May 4th, 2011

EUR/USD rose today on speculation that the European Central Bank will raise its main interest rate tomorrow, while the Federal Reserve won’t have courage to scrap its stimulating program. The currency pair surged in the first half of the day, but after 14:00 started a steady decline. Currently the euro struggles …

Double-Platform Multi-Market ECN Broker — Solidity Brokers

May 3rd, 2011

Solidity Brokers’ description was added to the the list of FX companies on EarnForex.com. This broker is based in Cyprus but isn’t yet regulated by their CySEC. They offer ECN and common trading accounts. One can trade not only Forex market, but also commodities, indexes, stock CFDs. …

Subscribe to Monthly Forex Newsletter