Archive for the ‘ Forex Training ’ Category

Dollar Declines on Poor Macro Reports

EUR/USD rose today above the yesterday’s open level as the macroeconomic reports from U.S. showed that the economy is recovering too slowly. Employment, housing and economic reports turned out to be negative today. The currency pair is now trading near 1.2920. Initial jobless claims rose from 427k… [ READ MORE ]

EUR/USD Continues Its Drop on Oil Inventories Report

EUR/USD continued its decline today before and after the release on the oil inventories showed a rather small gain. Traders are also reacting to the yesterday’s news and to the elevated level of risk aversion. The currency pair is currently trading near 1.2818. Crude oil inventories rose by 0.4 million barrels in U.S. during… [ READ MORE ]

Reflecting on the Chinese Yuan Revaluation

Today marks the one-month anniversary of China’s decision to remove the Yuan’s peg to the Dollar, and allow it to float. Now that the news has had a chance to wend its way through the financial markets, I think it’s time both to reflect and to forecast. Over the last month, the Chinese RMB has appreciated [ READ MORE ]

Forex Trader’s Worst Enemy

When a newbie trader enters the world of Forex trading he barely knows anything and often isn’t very successful. But after gaining some basic experience, reading some educational books on Forex and mastering some of the simple position management techniques a trader becomes confident in his skills. Unfortunately, such… [ READ MORE ]

Euro Rally: Temporary or Permanent?

Since the beginning of June, the Euro has rallied by an impressive 8% against the US Dollar, and by comparable margins against other currencies. The question on every one’s minds, of course, is whether this represents a temporary pullback or a permanent correction. The arguments in favor of the former are pretty strong. Namely, EUR/USD bearish [ READ MORE ]

Forex Technical Analysis for Week 07/19—07/23

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot … [ READ MORE ]

EUR/USD Trades Near Opening Level After Reaching 2-Month High

EUR/USD extended its rally at the start of today’s trading session and reached highest level since May 5, but paired its gains and currently trades near the opening level. It may yet rebound as today’s report suggested that confidence of U.S. consumers fell significantly. EUR/USD trades near 1.2938… [ READ MORE ]

EUR/USD Extends Rally with Slowdown of U.S. Economic Growth

EUR/USD advanced for the third day on today’s Forex session after Spain auctioned its debt, easing concern for the nation’s fiscal system and for Eurozone economy, while news from the U.S. remain bad. True that the U.S. economy continues to expand, but with the constantly slowing pace how long can it… [ READ MORE ]

EUR/USD Moves Up and Down Today, Remains at Opening Level

The euro went down today at the start of the trading session against the dollar after industrial production in Europe expanded less than expected and Spanish financial institutions borrowed record amount from the European Central Bank. Unfavorable reports from the U.S. pushed the dollar down later. While concern about the state of European… [ READ MORE ]

Japanese Yen and the Irony of Debt

Since my last update in June, the Japanese Yen has continued to creep up. It has risen a solid 5% in the year-to-date against the Dollar, 12% against the Pound, and an earth-shattering 20% against the Euro. It is closing in on a 15-year high of 85 Yen/Dollar, and beyond that, the all-time high of [ READ MORE ]

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