Forex Blog

EUR/USD Swings, May Decline as US Home Market Improves

ForexBlogger — Thu, 02 Sep 2010 14:46:26 +0000

The euro was declining at this Forex session against the dollar, than surged and now falling again. Values of jobless claims and nonfarm productivity in the US were near forecasts, but pending home sales presented a pleasant surprise for traders, growing significantly. On the other hand, factory orders rose less than expected.…

EUR/USD Rises on US Unemployment & Construction Spending

ForexBlogger — Wed, 01 Sep 2010 14:47:18 +0000

The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed surprising result, only this time it was positive surprise. EUR/USD trades currently at 1.2818.

ADP unemployment rate posted…

EUR/USD Falls on Rising Home Prices and Consumer Confidence

ForexBlogger — Tue, 31 Aug 2010 18:53:23 +0000

EUR/USD currency pair was rising this trading session but began to decline after reports showed that home prices and consumer confidence increased more than expected. The dollar weakened previously as a report showed that US personal income rose less than analysts estimated. EUR/USD is currently…

Any Major Moves on EUR/USD Before Year’s End?

admin — Mon, 30 Aug 2010 12:24:47 +0000

Sometimes a collective mind of Forex traders produce better forecasts than the analysts do. And since EUR/USD is the most popular currency pair nowadays, I’d like to check this hypothesis but asking the readers (you) of where do they see this pair before the end of 2010. The poll will be…

Forex Technical Analysis for Week 08/30—09/03

admin — Sat, 28 Aug 2010 08:38:37 +0000

EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.

Floor Pivot Points
Pair	3rd Sup	2nd Sup	1st Sup	Pivot

…

EUR/USD Down on US GDP Report

admin — Fri, 27 Aug 2010 14:01:32 +0000

EUR/USD declined after trading more-or-less inside some tight range today as the US GDP numbers improved appeal for the US dollar slightly. The drop also fits into the end-of-the-week correction process, following two days of gain on this currency pair. It’s currently trading near 1.2700.

At a second estimate,

Forex Broker with German/US Regulation

admin — Thu, 26 Aug 2010 14:10:08 +0000

Tradenext is the latest Forex broker addition to the list on the site. It’s regulated by both US’ NFA and Germany’s BaFIN. It’s a broker with MetaTrader support and also with their own Tradvec trading platform. It offers micro-Forex trading but the minimum account size is quite high ($1,000), while…

EUR/USD Rises as Housing Tumbles, Oil Inventories Go Up

admin — Wed, 25 Aug 2010 16:42:46 +0000

The euro rose against the US dollar slightly today as the market participants reacted to the pessimistic macroeconomic reports. The currency pair was going up rather strongly during the day but then retreated on some risk-awareness doubts. EUR/USD is now trading near 1.2657.

Durable goods orders rose by 0.3% in US…

Dollar Tumbles on Disastrous Home Sales

admin — Tue, 24 Aug 2010 14:28:38 +0000

EUR/USD rallied strongly today after the report on the US housing situation in July was released. The Forex market continued with the bullish reaction also after the Richmond Fed index release. The currency pair recovered from its monthly bottom of 1.2588 and is now trading near 1.2710.

Existing home sales…

Biggest Forex Scam Pt. IV (Russell Erxleben)

admin — Mon, 23 Aug 2010 12:29:07 +0000

If you’ve read the first article in this series, you’re probably wondering what is with people named “Russell” and Forex scams? How does a former football star with an almost decade-long career in professional football end up in the Forex trading market and bilking millions of dollars from innocent…