EUR/USD Swings, May Decline as US Home Market Improves

September 3rd, 2010
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.… Go to Source

EUR/USD Falls on Rising Home Prices and Consumer Confidence

September 1st, 2010
EUR/USD currency pair was rising this trading session but began to decline after reports showed that home prices and consumer confidence increased more than expected. The dollar weakened previously as a report showed that US personal income rose less than analysts estimated. EUR/USD is currently… Go to Source

Forex Technical Analysis for Week 08/30—09/03

August 28th, 2010
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… Go to Source

EUR/USD Rises as Housing Tumbles, Oil Inventories Go Up

August 26th, 2010
The euro rose against the US dollar slightly today as the market participants reacted to the pessimistic macroeconomic reports. The currency pair was going up rather strongly during the day but then retreated on some risk-awareness doubts. EUR/USD is now trading near 1.2657. Durable goods orders rose by 0.3% in US… Go to Source

Biggest Forex Scam Pt. IV (Russell Erxleben)

August 24th, 2010
If you’ve read the first article in this series, you’re probably wondering what is with people named “Russell” and Forex scams? How does a former football star with an almost decade-long career in professional football end up in the Forex trading market and bilking millions of dollars from innocent… Go to Source

Forex Technical Analysis for Week 08/23—08/27

August 22nd, 2010
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… Go to Source

Quantitative Qualitative Estimation Indicator

August 20th, 2010
Originally created for VT Trader, Quantitative Qualitative Estimation (or simply QQE) is an interesting indicator that uses a lot of moving average based smoothing on the standard RSI indicator. Although the calculation of the indicator is rather complex, the result is quite easy to use. I’ve used the MQL4 code by Roman… Go to Source

Ever Downloaded and Installed Any MetaTrader Indicator or EA?

August 18th, 2010
Many free Forex expert advisors and indicators for MetaTrader 4 and 5 are offered on this site and many other websites on-line. That’s one of the main reason why the MetaTrader platform is so popular — the traders enjoy a lot of free user-created content that is shared and discussed by the community.… Go to Source

Major Redesign of EarnForex.com + New Features

August 16th, 2010
I’m glad to announce that EarnForex.com now features a completely new design of all pages in all three currently supported languages (English, Spanish and Russian). The aim of the redesign is to offer a better on-site navigation, more informative layout of the content and to achieve a more detailed representation of the listed brokers,… Go to Source

EUR/USD Resumes Decline After Surge on GDP

August 14th, 2010
EUR/USD jumped today at the start of trading session on good GDP values in Eurozone countries, especially Germany, but later resumed its decline. Reports from US hadn’t brought any surprise, as forecast correctly predicted changes of macroeconomic indicators. EUR/USD is trading now near 1.2761 after jumping as high… Go to Source