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EUR/USD declined today as yesterday’s optimism waned surprisingly fast. It’s interesting to see how long positive sentiment persisted on mere speculations earlier, but the actual positive developments of the situation in Europe weren’t able to keep optimism even for few days. The US fundamental data continues to provide conflicting signals. Michigan’s …

EUR/USD surged today to the highest level since September 7 as the European leaders made progress in devising plans for helping the most-indebted members of the European Union. The EU chief agreed to increase the bailout fund and to write down part of Greece’s debt. The US economy was expanding with faster pace in the past three months, …

A new Forex broker with an extensive choice of CFD contracts was added to EarnForex.com today, this time from Belize. It’s ProCFD — a new retail trading company that offers trading via Visual Chart 5 trading platform and its Java edition. It’s an advanced trading platform, which, …

EUR/USD fell today, while earlier it was moving sideways as traders waited for the outcome of today’s European Union summit. The drop was sharp and its cause is unclear. Today’s data about the US housing market contradicted yesterday’s report as it showed an improvement instead of worsening conditions.

Durable goods …

Pinbar isn’t a new concept in Forex trading. It has a close resemblance to some other candlestick patterns — Hammer and Morning/Evening Star. However, Pinbar has its own nuances, and today I am happy to present the basic Pinbar trading system suggest to me by one of the forum members. It’s a very simple trading …

EUR/USD was trading flat for the most part of today’s trading session, but later started to decline. At present, the currency pair rebounded and is trading near its opening level as the fundamental data from the US was unexpectedly bad. Most reports showed worsening condition of the US economy and all of them were …

Very few or none traders at all, whom I personally know, have had Forex trading as their first job. Almost all of them had studied to get some other profession and then spent years working in fields unrelated to the currency market. Some continue doing so even after achieving a certain …

3rd Generation Moving Average was added to the list of the Forex indicators on my site today. It’s built according to the principles laid out by Dr. Manfred Dürschner and offers the least possible lag, preserving the price smoothing property of the MA. This indicator has already been coded before me, but …

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