forexRbot » forex traders

Dollar Poised for Further Losses After US Data

admin — Thu, 15 Jul 2010 09:38:33 +0000

Forex traders have continued to dump the dollar after the first set of U.S. economic reports showed additional weakness in the U.S. economy.

Will G20 or ECB Rescue the Euro?

admin — Sun, 06 Jun 2010 05:20:11 +0000

Over the past few months, forex traders have obsessed over the 1.20 level in the EUR/USD and it has finally been broken. Although some people may have mistaken the prior consolidation for stability, we remained convinced that the currency pair was headed lower.

Shady Smart FX VPS

admin — Sat, 15 May 2010 05:20:50 +0000

TheSmartFX VPS is a latest addition to the list of the similar services featured at EarnForex.com. It’s based in Untied States and offers a Windows-based VPS hosting, specialized on Forex traders. The basic type of hosting is priced at $49.00 but doesn’t include the pre-installed MT4 platform. Instead it’s offered in a package priced at $69.00 for the first…

In Defence of Forex Broker Reviews

admin — Sat, 01 May 2010 05:21:38 +0000

Two weeks ago, Yohay from ForexCrunch has published an interesting article on Forex broker reviews. But I’ve read it only today. It raises a very important issue and can be quite useful to many Forex traders. At the same time, it’s going too far in some…

New Resource About Forex Bonuses

admin — Thu, 15 Apr 2010 05:21:12 +0000

A new Forex resource went on-line today. It was created to present the available Forex bonuses to the traders, allowing them to get the detailed information about the bonuses, read other traders’ reviews and participate by reviewing and rating the brokers’ bonus programs.

ForexBonus.com is currently listing 32 active bonuses from 13 different Forex brokers. The bonuses are divided into 7 major categories:

Deposit Bonuses — the ones that require some real account deposit to get a bonus.
No Deposit Bonuses — the ones that don’t require any deposit to receive a bonus.
Trading Bonuses — the premiums for trading a certain amount of currency units.
Demo Contests — trading competitions among the Forex demo accounts.
Real Contests — trading competitions among the real trading accounts.
Drawings — random prize drawings among the Forex traders.
Special Bonuses — other bonuses.

After going through a very simple registration process (takes less than a minute), you can rate the bonuses and post your reviews if you’ve some experience with any of the listed bonus offer. The site is still quite fresh, so you can direct your suggestions and bug notifications to me.
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Read the rest of New Resource About Forex Bonuses (17 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

EUR/USD Goes Up Before Some Good U.S. Reports

admin — Wed, 07 Apr 2010 05:21:27 +0000

EUR/USD went up slightly today, showing both upward and downward volatility before the U.S. fundamental reports hinted some continued improvement in the economy. After the reports were released, the currency pair retraced slightly from its higher intraday positions. EUR/USD is now trading near 1.3516.

Pending home sales index rose by by 8.2% to 97.6 in February after falling down by 7.8% in January. Now it’s 17.3% above the February 2009 level. Forecasts expected no change to this real estate indicator.

ISM services index rose from 53.0% to 55.4% in March, surpassing the forecasts of the Forex traders by 1.4%.

Last Friday a report on the U.S. nonfarm payrolls was released, showing a rather fast growth of 162k. Although it was below the median forecast of 184k, it was a very positive signal for the global economy. Last month’s change was -14k.
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Read the rest of EUR/USD Goes Up Before Some Good U.S. Reports (13 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

U.S. Dollar: China vs. Payrolls

admin — Sat, 27 Mar 2010 01:38:06 +0000

After a week of sharp gain, dollar bulls have retreated, but only against certain currencies. On the last trading day of what has been an exceptionally volatile week, the dollar gave back some of its recent gains against the euro, British pound and Japanese Yen. However it continued to press higher against the commodity currencies which have failed to benefit from the new highs in equities. Yesterday, forex traders were disappointed by the IMF’s involvement in a Greek bailout but based upon today’s price action, they have finally realized that it is better to have a watered down bailout plan than none at all. U.S. economic data did not have a lasting impact on the dollar as traders focus on the developments in Europe and the move in yields. In Thursday’s daily report, we talked about how U.S. yields contributed to demand for dollars and today yields backed off pushing the dollar lower.

U.S. Housing Market Data Boosts Risk

admin — Tue, 23 Mar 2010 10:26:01 +0000

Forex traders are buying U.S. dollars this morning because of ongoing tensions within the EU and disappointments in U.K. economic data.

Fed Leaves in Extended Period Language, but Lots of Upgrades

admin — Thu, 18 Mar 2010 05:20:11 +0000

The Federal Reserve left interest rates unchanged at 0.25 percent and included the words “extended period” into their FOMC statement. Going into the Fed meeting, traders were looking for 2 things – the inclusion of “extended period” and the number of dissenters. Once forex traders saw the words reappear in the statement and saw that Hoenig was the only dissenter, they bailed out of dollars. However when they took the opportunity to actually read the FOMC statement, they quickly realized that tone was not nearly as dovish as the headlines suggest. Not only were there a number of upgrades in the language used to describe the U.S. economy, but the Fed will be completing their asset purchase programs this month and shutting down its final special liquidity facility at the end of June. Although the Fed stopped short of talking about tightening monetary policy, they also failed to mention additional easing.

Housing Numbers Will Not Discourage the Fed

admin — Thu, 18 Mar 2010 05:20:05 +0000

Forex traders were completely unfazed by the mild disappointments in this morning’s U.S. economic data. Since today is FOMC day, the only thing the market is worried about is the outcome of the Fed meeting and whether the Fed will underwhelm.