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EUR/USD at Monthly Low on Nonfarm Payrolls
2008-05-02 16:02:00
EUR/USD broke down through 1.5400 mark today and reached the minimum level since the 24th of March as the employment fundamentals showed some improvement compared to the March results. Dollar managed to strengthen also against pound and yen even with objectively bad macroeconomic results. Nonfarm payrolls — one of the main indicators of the U.S. economy’s health decreased 20k in April. That’s a lot better than the 80k ...

NorthFinance and WestCapFX Endorse FxPro
2008-05-02 15:53:00
NorthFinance and West CapFX recently stopped accepting new Forex trader registrations and are now officially redirecting new members to a very new but employing an aggressive marketing strategy Forex broker — FxPro. It looks like the company behind NorthFinance and WestCapFX decided that it would be better to consolidate their business and offer one «universally good» broker rather than two different decisions for two ...
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Jobs and Income Fall in United States
2008-05-01 16:08:00
May Day resulted in some unexpectedly bad fundamental data releases from the United States . Labor market, income, spendings, construction and manufacturing were covered in today’s reports and none of them showed something optimistic for the dollar bulls; nevertheless EUR/USD was down today and the dollar managed to show some unfounded strength on the Forex market. Initial jobless claims rose up from 345k (also ...
More About: Jobs , Income

EUR/USD Mostly Unchanged by Other Macroeconomic Releases before Fed Rate De
2008-04-30 16:47:00
EUR/USD remains mostly unchanged today as the markets await the Federal Reserve decision on the interest rate. Even some important indicators that were released in U.S. today failed to move the currency pair significantly on Forex. Advance data for the first quarter GDP in U.S. were releasd today, showing 0.6% growth (the same as in Q4 2007), above the estimate of 0.5%. Chicago PMI index in April rose ...
More About: Rate , Macroeconomic

Risk Management in Gambling and Forex
2008-04-29 13:12:00
There are many similarities between the money management strategies in the gambling and the Forex trading. In fact there are too little differences between money management in any risk-based money making. Of course, that fact doesn’t mean that Forex market is a casino and traders are gamblers, there are many other properties that define Forex from the gambling industry but that’s another story. ...
More About: Management , Risk Management , Gambling , Risk

Forex Technical Analysis for 04/28?05/02 Week
2008-04-26 09:43:00
EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4986 1.5271 1.5450 1.5735 1.5914 1.6199 1.6378 GBP/USD 1.9331 1.9504 1.9679 1.9852 2.0027 2.0200 2.0375 USD/JPY 101.00 101.84 103.13 103.97 105.26 106.10 107.39 EUR/JPY 159.93 161.30 162.23 163.60 164.53 165.90 166.83 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5245 1.5398 1.5709 1.5862 1.6173 GBP/USD 1.9504 1.9679 1.9852 2.0027 2.0200 USD/JPY 101.84 103.13 103.97 105.26 106.10 EUR/JPY 161.30 162.23 163.60 164.53 165.90 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5375 1.5502 1.5545 1.5587 1.5673 1.5715 1.5758 1.5885 GBP/USD 1.9663 1.9758 1.9790 1.9822 1.9886 1.9918 1.9950 2.0045 USD/JPY 103.25 103.83 104.03 104.22 104.62 104.81 105.01 105.59 EUR/JPY 161.90 162.54 162.75 162....
More About: Technical , Analysis , Forex , Technical Analysis , Week

Broker Rating System Upgrade
2008-04-25 20:17:00
I’ve upgraded the Forex broker rating system to make it more cheat-proof and to make it show more relevant rating score for each broker. With previous system I had to deal with hundreds of fraudulent votes (both in favor of some brokers and to lower some brokers’ rating). Current system should be much better than the old one and I hope the rating will be more accurate now. Unfortunately, ...
More About: System , Broker

EUR/USD Falls Lowest since April 14
2008-04-24 16:20:00
EUR/USD slid to its minimum value since April 14 today on Forex — 1.5675, as the investors started to consider the U.S. currency to be oversold and the further interest rate cuts by the Federal Reserve — unlikely. Fundamental data that was released today in U.S. was mostly disappointing, but that didn’t help the euro to grow against the dollar. Initial jobless claims dropped 33k last week — from 375k ...
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Forex-Metal ? Broker with MT4 and PayPal Support
2008-04-22 19:26:00
I’ve added a very new Forex broker to the site today — Forex-Metal . Its website is still very raw and there is not very much information about this broker on the internet. But I thought that it should be listed because it has one rare feature — it supports both MetaTrader 4 platform for trading and PayPal payment system for deposits and withdrawals. It also supports WebMoney and wire transfers ...
More About: Paypal , Support

Forex Technical Analysis for 04/21?04/25 Week
2008-04-19 10:52:00
EUR/USD trend: buy. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5352 1.5510 1.5664 1.5822 1.5976 1.6134 1.6288 GBP/USD 1.9325 1.9464 1.9721 1.9860 2.0117 2.0256 2.0513 USD/JPY 96.75 98.53 101.09 102.87 105.43 107.21 109.77 EUR/JPY 153.50 155.88 159.91 162.29 166.32 168.70 172.73 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5509 1.5661 1.5821 1.5973 1.6133 GBP/USD 1.9464 1.9721 1.9860 2.0117 2.0256 USD/JPY 98.53 101.09 102.87 105.43 107.21 EUR/JPY 155.88 159.91 162.29 166.32 168.70 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5645 1.5731 1.5760 1.5788 1.5846 1.5874 1.5903 1.5989 GBP/USD 1.9761 1.9870 1.9906 1.9943 2.0015 2.0052 2.0088 2.0197 USD/JPY 101.27 102.47 102.86 103.26 104.06 104.46 104.85 106.05 EUR/JPY 160.42 162.19 162.77 163.36 16...
More About: Technical , Analysis , Forex , Technical Analysis , Week

Bearish U.S. Fundamentals Help Euro Bulls
2008-04-16 17:27:00
U.S. fundamental statistics, that were released today in abundance, appeared to be worse than the market analysts expected. It helped the EUR/USD currency pair to reach its new absolute maximum value at 1.5968 and kept dollar bearish also against the other major currencies. CPI (Consumer Price Index) rose 0.3% in March — at the same pace as expected. In February this indicator was at 0%. Housing starts and building permits ...
More About: Euro , Bulls , Bearish

Minor Fixing in MT4 Indicators
2008-04-16 09:29:00
Due to some new code processing rules in the fresh versions of the MetaTrader 4 platform (I don’t know exactly from which build they’ve changed it) some of the indicators on my site stopped working right or just started to show errors in the platform’s log. Thanks to some conscious visitor, who notices the error and contacted me about it, I’ve corrected this issue with all three indicators that had such problem: Aroon Up & ...
More About: Minor

Dollar Grows Somewhat on Improved Manufacturing Outlook
2008-04-15 15:19:00
The EUR/USD currency pair post some small drop today on Forex as the fundamental situation in U.S. economy looked better in April for the manufacturing sector. All of the reports that were released today in U.S. showed a positive dynamics for the dollar, helping it to go up against euro, pound and yen. EUR/USD is currently trading at 1.5784. Producer Price Index in March grew at an unexpected pace — 1.1% compared ...
More About: Outlook , Dollar , Manufacturing

Dollar Gets a Blow after Good Start
2008-04-14 16:04:00
After a weird 100 pips gap at today’s Forex trading opening on EUR/USD pair, the U.S. dollar went sharply down. It’s now forcing to stay at as little as 50 pips below the absolute maximum as the Forex traders fail to conclude a definite opinion on how to react on the fundamental statistics that came out today in U.S. Advance retail sales in March rose 0.2% compared to 0.1% forecast and 0.6% fall in February. Business inventories in February ...
More About: Dollar , Start , Good

EUR/USD Trade Idea for the Next Week
2008-04-13 18:55:00
The current situation on the EUR/USD daily chart seems like a good preparation for the long position. If you look at the picture below you’ll see three highs almost at the same level — 1.5902 on March 17, 1.5896 on March 31 and 1.5913 on April 10. The corresponding lows of these highs conclude an uptrend. Altogether they form an ascending triangle, which is the known continuation pattern: Somewhere next week I expect the upper horizontal line ...
More About: Idea , Trade , Week

Bugfix and New Currency Pairs in Pip Value and Position Size Calculators
2008-04-12 14:54:00
I’ve fixed some javascript related bugs in both pip value and position size calculators. Those bugs prevented newer versions of non-IE browser from actually calculating any results. I’ve also added new currencies and currency pairs to those calculators. Now they can handle 65 currency pairs. Here is the list of the currency pairs that were added today: AUD/DKK (Australian Dollar — Danish Krone) AUD/PLN (Australian Dollar — ...
More About: Forex , Currency , Size , Calculators , Bugfix

Forex Technical Analysis for 04/14?04/18 Week
2008-04-12 09:19:00
EUR/USD trend: buy. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5368 1.5498 1.5652 1.5782 1.5936 1.6066 1.6220 GBP/USD 1.9274 1.9462 1.9575 1.9763 1.9876 2.0064 2.0177 USD/JPY 96.91 98.46 99.74 101.29 102.57 104.12 105.40 EUR/JPY 155.48 157.14 158.40 160.06 161.32 162.98 164.24 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5504 1.5665 1.5788 1.5949 1.6072 GBP/USD 1.9462 1.9575 1.9763 1.9876 2.0064 USD/JPY 98.46 99.74 101.29 102.57 104.12 EUR/JPY 157.14 158.40 160.06 161.32 162.98 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5651 1.5729 1.5755 1.5781 1.5833 1.5859 1.5885 1.5963 GBP/USD 1.9523 1.9606 1.9634 1.9661 1.9717 1.9744 1.9772 1.9855 USD/JPY 99.45 100.23 100.49 100.75 101.27 101.53 101.79 102.57 EUR/JPY 158.05 158.86 159.12 159.39 159...
More About: Technical , Analysis , Forex , Technical Analysis , Week

MetaTrader Indicators Update
2008-04-11 20:31:00
Two new MetaTrader indicators are now available for download from my site. Both indicators come from forex-tsd.com forums. They are very different, but they both looked quite interesting and useful to me. Murrey Math Line X — indicates a set of support and resistance lines that can be used similarly to the common pivot points. It consists of 8 different lines, each representing a certain pivot level. ...
More About: Update

USD Rises on Better Fundamentals
2008-04-10 20:40:00
EUR/USD reached a new record high level at 1.5913 today, but after some positive fundamental data was released in U.S. the currency pair went down, as the dollar started to regain strength on the Forex market. ECB’s decision to hold the interest rates at 4% also improved dollar’s positions on the market. Initial jobless claims unexpectedly fell by 53k the last week — from the revised 410k value to 357k. A fall to 383k ...

EarnForex Newsletter Announcement
2008-04-09 19:34:00
Apart from some minor site redesign I’ve added a new feature to the site today — Forex newsletter. You can subscribe to it for free and receive monthly issues of the newsletter with a lot of interesting Forex information. The core of the newsletter is going to be composed of all the main Forex events for the month, some fundamental analysis and the news from the on-line Forex industry. ...
More About: Announcement , Newsletter

Test Your Technical Analysis Skills
2008-04-07 15:37:00
Are your technical skills good enough to earn by themselves? Can you trade without any fundamental information? Is technical analysis can be considered a self-sufficient tool at all? You can try to find the answers to these questions using an interesting financial training tool from Inspectd.com. It shows you only a bare six months chart of an unknown stock with only one moving average as an indicator. You have to decide ...
More About: Technical , Analysis , Technical Analysis , Test , Skills

Carnival of Forex Trading ? April 6, 2008
2008-04-06 10:17:00
Welcome to the April 6, 2008 edition of Carnival of Forex Trading . Sagar presents 10 Surprising Economic Implications of a Barack Obama Presidency posted at Currency Trading.net. Heather Johnson presents How to Adopt the Traits of a Successful Trader posted at FOREX EDUCATION | FOREX TRAINING. Heather Johnson presents 4 Easy Ways to Avoid Forex Scams posted at Short-Term Trading. Heather Johnson presents 3 Lesser Known Factors Affecting the Forex Markets. posted at You Are The Worst ...
More About: Forex Trading

Forex Technical Analysis for 04/07?04/11 Week
2008-04-05 09:42:00
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5147 1.5328 1.5533 1.5714 1.5919 1.6100 1.6305 GBP/USD 1.9436 1.9583 1.9756 1.9903 2.0076 2.0223 2.0396 USD/JPY 95.07 96.94 99.20 101.07 103.33 105.20 107.46 EUR/JPY 151.74 153.90 156.78 158.94 161.82 163.98 166.86 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5334 1.5544 1.5720 1.5930 1.6106 GBP/USD 1.9583 1.9756 1.9903 2.0076 2.0223 USD/JPY 96.94 99.20 101.07 103.33 105.20 EUR/JPY 153.90 156.78 158.94 161.82 163.98 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5525 1.5631 1.5666 1.5702 1.5772 1.5808 1.5843 1.5949 GBP/USD 1.9754 1.9842 1.9871 1.9901 1.9959 1.9989 2.0018 2.0106 USD/JPY 99.19 100.32 100.70 101.08 101.84 102.22 102.60 103.73 EUR/JPY 156.90 158.28 158.75 159.21 16...
More About: Technical , Analysis , Forex , Technical Analysis , Week

Forex Technical Analysis for 03/31—03/04 Week
2008-03-29 08:20:00
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509 GBP/USD 1.9307 1.9533 1.9739 1.9965 2.0171 2.0397 2.0603 USD/JPY 95.62 97.09 98.11 99.58 100.60 102.07 103.09 EUR/JPY 148.49 150.77 153.77 156.05 159.05 161.33 164.33 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5183 1.5542 1.5700 1.6059 1.6217 GBP/USD 1.9533 1.9739 1.9965 2.0171 2.0397 USD/JPY 97.09 98.11 99.58 100.60 102.07 EUR/JPY 150.77 153.77 156.05 159.05 161.33 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5516 1.5658 1.5705 1.5753 1.5847 1.5895 1.5942 1.6084 GBP/USD 1.9707 1.9826 1.9866 1.9905 1.9985 2.0024 2.0064 2.0183 USD/JPY 97.77 98.46 98.68 98.91 99.37 99.60 99.82 100.51 EUR/JPY 153.86 155.31 155.79 156.28 157.24 157.73 1...
More About: Technical , Analysis , Forex , Technical Analysis , Week

Personal Income Sends Dollar Up
2008-03-28 15:27:00
The U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947. Personal income rose 0.5% in February — above the forecasted and the previous month’s 0.3% growth. Personal spending ...
More About: Dollar , Income

GDP Stats Support Dollar
2008-03-27 14:05:00
EUR/USD turned to a mainly bearish trend after the GDP and unemployment statistics were released in U.S. today at 8:30 EST. Dollar went up from 1.5845 to 1.5750 dollars per euro. The gross domestic product in the fourth quarter of 2007 gained 0.6% as was forecasted by the major market analysts and the previous GDP report. While the value is definitely low, it’s still above zero and it also held stable against the ...
More About: Support , Stats

EUR/USD Still Grows Today
2008-03-26 16:11:00
EUR/USD gained more than 100 pips today as it continued to grow on Forex before and after the fundamental news releases in U.S. Some of those releases were rather neutral, while one was particularly bad. Although EUR/USD descended from its historical maximums it is now starting to return to the bullish trend. Durable goods orders in February dropped 1.7%, while a growth of about 0.8% was expected. It followed the 4.7% ...
More About: Today

New Life of Sample Expert Advisor
2008-03-25 19:02:00
Today’s update to the MetaTrader expert advisors on my site isn’t very original. For many people MACD Sample expert advisor was the first EA that they tried on the MT4 strategy tester. It’s a well known sample advisor from MetaQuotes, designed to show the basic Forex strategy implementation for the MQL. The one that is now freely available on my site differs slightly from the original version. I’ve decided to make ...
More About: Life , Expert , New Life , Advisor

GFS Forex & Futures — New Broker on My Site
2008-03-23 16:41:00
A new Forex broker was added to the list of PayPal Forex brokers on my site today — GFS Forex & Futures . Apart from having the long name and accepting PayPal as one of the funds transferring methods this broker can boast being a registered member of NFA and CFTC. GFS Forex & Futures offers a custom Forex trading platform — OperaFX Pro. To start trading with them you’ll need ...
More About: Site , Broker

Forex Technical Analysis for 03/24—03/28 Week
2008-03-22 11:09:00
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4742 1.5069 1.5250 1.5577 1.5758 1.6085 1.6266 GBP/USD 1.9074 1.9405 1.9610 1.9941 2.0146 2.0477 2.0682 USD/JPY 92.00 93.86 96.72 98.58 101.44 103.30 106.16 EUR/JPY 145.92 148.81 151.23 154.12 156.54 159.43 161.85 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5033 1.5177 1.5541 1.5685 1.6048 GBP/USD 1.9405 1.9610 1.9941 2.0146 2.0477 USD/JPY 93.86 96.72 98.58 101.44 103.30 EUR/JPY 148.81 151.23 154.12 156.54 159.43 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5152 1.5291 1.5338 1.5384 1.5478 1.5524 1.5571 1.5710 GBP/USD 1.9520 1.9668 1.9717 1.9766 1.9864 1.9913 1.9962 2.0110 USD/JPY 96.97 98.27 98.70 99.14 100.00 100.44 100.87 102.17 EUR/JPY 150.73 152.19 152.68 153.16 154.14 154.6...
More About: Technical , Analysis , Forex , Technical Analysis , Week