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The dollar rose significantly against the euro today, as the poor macroeconomic statistics from the United States and the global risk-averting mood caused investors to seek safety in USD. Both rising business and consumer confidence in the United States failed to support the currency pair.
Personal income and spending report disappointed the investors today. The income fell …
The dollar declined against the euro today mainly due to increased optimism of the market participants. The EUR/USD currency pair rose during the the first half of the trading sessions, along with the Asian and European stock markets. Some USD-positive important macroeconomic releases came almost unnoticed by the FX market today.
US GDP increased …
While EUR/USD is still above today’s open level it is significantly below today’s high level. One of the reasons that helped the dollar to rise against the euro is the macroeconomic report regarding the durable goods purchases.
Durable goods orders decreased slower than expected in August — they were …
The EUR/USD currency pair rose today at fastest pace since September 15, as the Forex market reacted on the optimistic speculations that the eurozone’s politicians will find the way out of debt troubles for Greece and other fiscally unstable members of the union. The mediocre macroeconomic stats that were released in the United States today and yesterday …
Gold has failed to take the psychological level of $2,000/ounce, formed a double top recently, and posted the biggest weekly drop in its recent history last week. While this could be a sign of a short-term weakness amplified by the unfavorable market conditions, it also could be something more for this all-popular precious …
The registration period for the ATC 2011 contest has ended yesterday and now there’s only one week left till the competition begins.
The final version of my EA submitted to ATC isn’t much different from the one shared in my last RTATC2011 entry. The only difference is the increased delay (from …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2905 | 1.3143 | 1.3320 | 1.3558 | 1.3735 | 1.3973 | 1.4150 |
| GBP/USD | 1.4835 | 1.5081 | 1.5265 | 1.5511 | 1.5695 | 1.5941 | 1.6125 |
| USD/JPY | 75.24 | 75.66 | 76.13 | 76.55 | 77.02 | 77.44 | |
Another Forex broker based in Seychelles was added to EarnForex list of brokers today. It’s Axiory — a rather new trading company with some interesting features. With Axiory, it’s possible to open an account with $500 and trade with 1:300 leverage. Micro-lots are allowed and the average spread on EUR/USD …
EUR/USD extended its yesterday’s drop as risk aversion, spurred by the FOMC statement, continues to affect the Forex market. The fundamentals today weren’t very bad, actually, as jobless claims decreased and leading indicators rose.
Initial jobless claims decreased to 423k from 432k in the week ending September 17. The actual value was …
EUR/USD was steadily rising this trading session, but slumped sharply after the Federal Market Open Committee announced it’s going to expand their holdings of longer-term securities. Some analysts viewed this announcement as a confirmation of the economic problems in the US. The reports about housing market weren’t supporting such pessimistic …