Archive

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 …

According to one of the polls, about 69% of traders employ fundamental analysis in Forex trading (at least minimally). I’ve already asked the readers of this blog what standard technical indicators they use, and now it’s time to ask the same about the fundamental indicators. Personally I believe that the fundamental factors play …

I’ve received a rather strange spam message today from some crazy folks, explaining how messed up the global financial system (and Forex market in particular) currently is. Although it’s a mix of the laughable arguments and the paranoid conclusions of some conspiracy theory nuts, it caught my attention because one of the arguments …

The currency market is affected by many news, which at a first glance not always seem to be related to Forex. Meanwhile there are many types of financial, political and macroeconomic news that influence the Forex trends directly. Forex news is the important part of the fundamental analysis, which is often taken …

My last shared trade turned out to be losing one. Oh well, such things happen in Forex trading. But, anyway, today I’d like to share another trade with you. It’s a pull-back trade on USD/JPY, which is based mostly on fundamental analysis. In my opinion (confirmed by the pull-back that …

From my own experience, the majority of the Forex traders prefer technical analysis over fundamental. The reasons are quite obvious — only macroeconomical fundamental indicators affect currency prices and there are not many of those available. The stock market has many fundamental parameters for …

EUR/USD was trading below its opening level for the whole day today as the poor GDP data was released in Europe, but managed to go up a little from the daily lows after the mixed fundamental statistics went out in United States. It’s now trading near 1.3572.…

EUR/USD gained slightly during today’s trading session despite the predominantly pro-crisis and anti-euro fundamental news that were released in U.S. and Eurozone both today and yesterday. The currency pair is now trading near 1.3020 after closing at 1.3002 yesterday.

Initial jobless claims were at 640k in United States …

EUR/USD advanced today after the weekly opening gap and even rose above the Friday’s close level. Some of the fundamental reports in U.S. were slightly better than the traders have expected, so the currency markets reacted with the growing high-yielders. EUR/USD is currently trading near …

EUR/USD moved in a fundamentally explainable trend today as the dollar fell before and after the quite worrying report on the new jobless claims in U.S. Although the trade balance deficit change was positive, the traders expected such result and didn’t value it much into the actual market. The budget deficit report has also disappointed the dollar …