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EUR/USD extended its losses today as the European Central Bank left its benchmark minimum bid rate unchanged at 1.25% (Event A on the chart.). Such decision was expected by economists, but concerns that the Bank will avoid increasing of interest rates because of fiscal problems of the Eurozone hurt the currency pair anyway. …
EUR/USD fell today on fears that the debt crisis in Europe may worsen. Yesterday the currency pair rose as Federal Reserve Chairman Ben S. Bernanke signaled that the Fed is going to maintain its quantitative easing program “as US economic growth so far this year looks to have been …
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Forex is known as a 24/5 market — the trading is performed during the whole day, five days a week. For those of us who live in the time zones that are close to GMT (UTC), these five days are the traditional workdays — from Monday through Friday. For those who live far …
“Classic” MT4 Forex brokers, such as FXOpen, LiteForex and InstaForex, gained their popularity largely due to the very low minimum account size requirement combined with high leverage. AstaForex tries to follow this trend and offers $1 minimum account size with the flexible leverage …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3994 | 1.4125 | 1.4379 | 1.4510 | 1.4764 | 1.4895 | 1.5149 |
| GBP/USD | 1.6029 | 1.6157 | 1.6290 | 1.6418 | 1.6551 | 1.6679 | 1.6812 |
| USD/JPY | 77.90 | 78.97 | 79.62 | 80.69 | 81.34 | 82.41 | |
EUR/USD soared today as Greece will receive new bailout and the US economy provided another evidence of its weakness. The report about service industries was good, but impact of the disastrous nonfarm payrolls can easily overshadow any good signs from the US. EUR/USD trades now at about 1.4632.
Nonfarm …
EUR/USD advanced today as the reports about the US economy were again negative. Moody’s Investor Service said that it may downgrade the US credit rating. EUR/USD currently trades near 1.4479.
Initial jobless claims posted the increase to 422k last week from the previous week’s 428k, instead of the expected …
EUR/USD extended its advance today as the US economy continues to show one bad result after another. The PMI was below even pessimistic forecast, while employment change was terribly low. After such a bad report about employment it’ll be interesting to see what the non-farm payrolls on June …
Another round of the Automated Trading Championship by MetaQuotes is coming — the registration process for ATC 2011 starts today. It’s your chance to win up to $40,000 by submitting an MT5 EA that would be trading profitably during the period from October 3rd till December 23rd …