The euro jumped against the dollar today with improving outlook for global recovery. Today we had only one report: about treasury budget. It showed that budget deficit significantly shrank in August. EUR/USD trades now at 1.2871. US treasury budget posted a deficit of $90.5 billion in August, compared with the previous reading of $165 billion. The forecast deficit was $102.5 billion. On Friday a report on wholesale inventories was [...]
Various websites provide a great selection of free and paid Forex tools that can be used by the currency traders for the purpose of increasing their profitability. For example, I often use a position size calculator and watch Forex videos on-line , which helps me to get the latest analysis and news. Economic calendar is probably the most popular on-line tool among all traders (except maybe those that own a Bloomberg terminal [...]
EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: hold. EUR/JPY trend: buy. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2322 1.2483 1.2596 1.2757 1.2870 1.3031 1.3144 GBP/USD 1.5022 1.5159 1.5257 1.5394 1.5492 1.5629 1.5727 USD/JPY 82.37 82.86 83.52 84.01 84.67 85.16 [...]
EUR/USD was falling at the start of today’s trading session, but later surged. It now fluctuates, but retain its upward trend. Reports from US were good today, yet they may actually aid the euro more than the dollar, as they eased concerns for global economic recovery. EUR/USD trades currently near 1.2735. US trade balance shrank to $42.8 billion in July from $49.8 billion in June. [...]
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 the leverage is quite flexible. Some other highlights of this broker: Trading on futures, gold, oil and indexes is [...]
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, US GDP increased by 1.6% in the second quarter of 2010 ( year-to-year ). That’s better than the forecast of 1.4% [...]
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 1st Res 2nd Res 3rd Res EUR/USD 1.2448 1.2518 1.2639 1.2709 1.2830 1.2900 1.3022 GBP/USD 1.5146 1.5259 1.5392 1.5505 1.5638 1.5751 1.5884 USD/JPY 81.90 82.74 83.97 84.82 86.05 86.89 [...]
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 open until December 1st. EUR/USD is currently trading near 1.2688. Where will EUR/USD finish 2010? [...]
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 a decline of 10k jobs in August, compared with the July growth of 37k. Median forecast was a growth by 20k. ISM [...]
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 trades near 1.2824 now after it reached the daily low of 1.2777 and high of 1.2846. US initial [...]
