Forex and Trading News

EUR/USD currency slipped today as economic data from Europe suggested about struggling recovery, while reports from the US, including existing home sales and leading indicators, were encouraging. Number of unemployment claims unexpectedly increased, though. EUR/USD trades currently near 1.3332. Initial jobless claims posted an increase from 453k to 465k last week, instead of an expected decline to 451k. Existing home sales increased to a seasonally adjusted [...]

I’m not sure if there is some sense in having so many similar Forex e-books that try to cover all trading topics at once and introduce them to the beginning trader but today I’ve added another one to EarnForex.com. It’s titled “Forex Trading” and goes through all important subjects that every trader needs to be aware of. Unfortunately, it doesn’t do a great job at its [...]

The Federal Reserve decided to keep interest rates at it current record low levels, increasing concerns for the US economy and driving dollar down. Better than expected report on building permits clearly wasn’t able to outweigh the Fed decision. EUR/USD trades now at 1.3202 after it opened at 1.3061. Building permits were at a seasonally adjusted annual rate of 569k in August. Forecast said it would remain at the previous (revised) July [...]

The latest addition to the list of Forex brokers on EarnForex.com is ICM Brokers. It’s a rather strange MetaTrader Forex broker that claims to be registered in United States but isn’t regulated by NFA or CFTC. Most probably it’s set up as an offshore LLC in US but isn’t registered as a tax payer and doesn’t have a bank account there. Apart from that, it offers quite standard conditions — $500 minimum with [...]

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2321 1.2512 1.2775 1.2966 1.3229 1.3420 1.3683 GBP/USD 1.5022 1.5184 1.5403 1.5565 1.5784 1.5946 1.6165 USD/JPY 80.75 81.81 83.80 84.86 86.85 87.91 [...]

EUR/USD currency pair moves up and down today as economic data from the US was mixed. Consumer price index grew more than predicted but preliminary report about the Reuters/University of Michigan Consumer Sentiment posted an unexpected decline. EUR/USD trades currently near 1.3060. CPI indicator increased 0.3% in August on a seasonally adjusted basis. The growth was the same as in July, while somewhat smaller increased was predicted ? [...]

The euro extended its rally against the dollar today as good reports from the US, including report on Producer Price Index and unemployment claims, increased investors’ risk appetite. Philadelphia Fed Business Outlook Survey said that “regional manufacturing activity was nearly flat in September”. EUR/USD trades now near 1.3096 after rising to intraday high of 1.3108, the highest level since August 11. Producer Price Index (PPI) [...]

EUR/USD was trading sideways today after declining somewhat, but recently jumped as economic reports from the US was rather bad. Reports indicated that US economy is still growing, but pace of growth is constantly slowing. EUR/USD trades now at about 1.3017. NY Empire State manufacturing index slipped to 4.1 in September from the previous value of 7.1, instead of rising to 8.7 as was predicted by analysts. [...]

Breaking news! InstaForex announced today that it became the first Forex broker to offer real accounts with MetaTrader 5 as the trading platform. Although it’s a great news for all traders (that are trading or have ever considered trading with InstaForex), as the MT5 platform has many advantages (like more timeframes and improved strategy tester), the current version of the platform and the MQL Editor/language is quite far from being [...]

The euro slid versus the dollar earlier as the confidence in Europe’s economy worsened but now returned to its opening level and continues to rise. There is not much data from the US today. Retail sales rose as was expected and business inventories unexpectedly surged. EUR/USD trades currently near 1.2897 after it slumped to 1.2829. Retail sales rose 0.4% in August, just as forecasts promised. July growth was revised [...]