Forex Brokers

The last time I’ve written about the gold bubble was almost a year ago when the commodity has been trading near its all-time high at $941/ounce. Since then, the gold managed to reach a new historical maximum at $1,226/ounce and retrace to near $1,050/ounce. So, what’s the current situation with it? Is it still a bubble? Is it already bursting? Is gold going to go up even higher? When will the gold bubble burst? Unfortunately, there are no simple answers to these questions. Ask a gold bull or an average Joe and they will say that the gold is going to go up as the economy is tumbling and the paper money is worthless, while the gold has always been a real measure of value. Ask a dollar bull or a gold pessimist and they will say that the commodity has no future as the economy is going to recover soon, that the inflation is nonexistent and the gold is ...

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
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 1.3059 1.3322 1.3500 1.3763 1.3941 1.4204 1.4382 GBP/USD 1.4929 1.5244 1.5441 1.5755 1.5953 1.6267 1.6464 USD/JPY 85.38 86.97 88.10 89.69 90.82 92.41 93.54 EUR/JPY 113.25 116.97 119.52 123.24 125.79 129.52 132.06 GBP/JPY 129.75 134.00 136.77 141.03 143.80 148.05 150.83 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3301 1.3457 1.3742 1.3898 1.4182 GBP/USD 1.5214 1.5383 1.5726 1.5894 1.6238 USD/JPY 86.85 87.88 89.57 90.60 92.29 EUR/JPY 116.68 118.93 122.95 125.20 129.22 GBP/JPY 133.63 136.04 140.66 143.07 147.69 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3435 1.3557 1.3597 1.3637 1.3718 1.3759 1.3799 1.3920 GBP/USD 1.5357 1.5498 1.5545 1.5591 1.5685 1.5732 1.5779 1.5920 USD/JPY 87.74 88.49 88.74 88.99 89.49 89.74 89.99 90.73 EUR/JPY 118.61 120.34 120.91 121.49 122.64 123.21 123.79 125.51 GBP/JPY 135.69 137.62 138.26 138.91 140.20 140.84 141.48 143.42 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.4026 1.6070 91.27 126.97 145.28 61.8% 1.3858 1.5874 90.23 124.58 142.59 50.0% 1.3806 1.5814 89.91 123.84 141.76 38.2% 1.3753 1.5753 89.59 123.10 140.93 23.6% 1.3689 1.5679 89.19 122.18 139.91 0.0% 1.3585 1.5558 88.55 120.70 138.25 (...)
Read the rest of Forex Technical Analysis for 02/08—02/12 Week (14 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

After rising since the beginning of this week, the EUR/USD currency pair dropped today as risk aversion returned to markets, making investors to opt for the safety provided by the greenback once again. Positive employment data published today in the U.S. also reiterated the hypothesis that the North American economy is currently more solid than the Eurozone. EUR/USD erased yesterday’s advance totally and currently trades at 1.3918. ADP employment report showed a decline of 22k workplaces in January, indicating better figures than what forecasts expected, at -31k positions. This report has been showing several consecutive monthly improvements, this time from the revised reading of -61k in December. ISM non-manufacturing index rose to 50.5 in January from a previous revised reading of 49.8. The actual figures came slightly below forecasts that expected this index to be at 51.1. U.S. crude oil inventories increased by 2.3 million barrels from the previous week. Total motor gasoline ...

The dollar started the week reverting last week’s trend versus the euro and dropped as risk appetite reappeared in markets this Monday, forcing equities up and declining appeal for the safety of the greenback. Personal spending and income increased in the U.S. adding appeal for riskier assets as ISM PMI index rose for another month. EUR/USD currently trades at 1.3915. Personal income rose 0.4% in December, from a previous advance of 0.5% in November (revised). Personal spending had a less significant rise at 0.2% from a previous revised reading of 0.7%. Forecasts were very near actual figures, expecting income to grow 0.4% as it was confirmed and spending at 0.3%. Core PCE price index rose 0.1% as forecasts expected. ISM PMI Index rose to 58.4 in january, the sixth consecutive increase from a previous reading of 54.9. Forecasts expected and advance to 55.5 to this index. Total construction spending frustrated forecasts and declined 1.2% in December from a previous decline of 0.6%. Forecasts ...

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
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 1.3418 1.3640 1.3751 1.3972 1.4084 1.4305 1.4416 GBP/USD 1.5583 1.5780 1.5882 1.6079 1.6181 1.6378 1.6480 USD/JPY 87.50 88.32 89.29 90.10 91.07 91.89 92.86 EUR/JPY 120.28 122.55 123.83 126.10 127.38 129.65 130.93 GBP/JPY 139.19 141.42 142.84 145.06 146.48 148.71 150.13 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3612 1.3695 1.3945 1.4028 1.4278 GBP/USD 1.5756 1.5835 1.6055 1.6134 1.6354 USD/JPY 88.36 89.36 90.14 91.15 91.93 EUR/JPY 122.30 123.34 125.85 126.89 129.40 GBP/JPY 141.21 142.43 144.86 146.08 148.51 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3679 1.3770 1.3801 1.3831 1.3892 1.3923 1.3953 1.4045 GBP/USD 1.5820 1.5902 1.5929 1.5957 1.6012 1.6039 1.6066 1.6149 USD/JPY 89.27 89.76 89.93 90.09 90.42 90.58 90.75 91.24 EUR/JPY 123.16 124.14 124.46 124.79 125.44 125.76 126.09 127.06 GBP/JPY 142.25 143.25 143.59 143.92 144.59 144.92 145.26 146.26 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.4194 1.6276 90.92 128.36 147.29 61.8% 1.4067 1.6161 90.24 127.01 145.90 50.0% 1.4028 1.6126 90.03 126.59 145.47 38.2% 1.3989 1.6091 89.82 126.17 145.04 23.6% 1.3940 1.6047 89.56 125.65 144.50 0.0% 1.3861 1.5977 89.14 124.82 143.64 (...)
Read the rest of Forex Technical Analysis for 02/01—02/05 Week (14 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

The EUR/USD continued its losing streak today despite worse-than-expected data published in the United States. The dollar declined versus most of the main traded currencies but maintained the highest rate in 2010 versus the euro as the single currency continues to be under the influenced of pessimism in the Eurozone. EUR/USD currently trades at 1.3991. Initial jobless claims were at 470k during the past week from a previous number of applications of 478k (revised). Forecasts expected less applications at 451k.

Durable goods orders advanced 0.3% in December from a previous revised decline of 0.4% in November. Actual figures frustrated forecasts that expected an advance of 2.1% in orders.
(...)
Read the rest of EUR/USD Remains Bearish Despite U.S. Weak Data (13 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

Hello my readers! Today I think that I need your help to solve some uneasy situation that concerns some of the reviews on EarnForex.com and thus is important for the quality of the content and information that you as the site’s visitors receive from it. The situation involves a trader (let’s call him Joe), a broker (let’s call it ACME-Forex) and a bunch of rather rough reviews of this broker submitted by Joe. Trader Joe was trading successfully with ACME-Forex until one day he decided to withdraw his capital. After his request was refused, he submitted several reviews to EarnForex.com and some other Forex-related websites. These reviews were rather straightforward as they went straight from his heart. ACME-Forex didn’t like these reviews and began to persuade me to remove them from my site. I must say that I have a rather strict policy for the reviews — I never remove reviews unless I am really sure that they are ...

EUR/USD trend: buy.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: buy.
GBP/JPY trend: hold.
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3588 1.3808 1.3973 1.4193 1.4358 1.4578 1.4743 GBP/USD 1.5592 1.5835 1.5973 1.6215 1.6354 1.6596 1.6734 USD/JPY 87.01 88.40 89.10 90.49 91.19 92.58 93.28 EUR/JPY 120.96 123.75 125.36 128.15 129.76 132.55 134.16 GBP/JPY 138.19 141.39 143.04 146.25 147.90 151.11 152.76 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3794 1.3945 1.4179 1.4330 1.4564 GBP/USD 1.5809 1.5921 1.6189 1.6302 1.6570 USD/JPY 88.23 88.76 90.32 90.85 92.41 EUR/JPY 123.45 124.77 127.85 129.17 132.26 GBP/JPY 141.00 142.27 145.86 147.12 150.72 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3925 1.4031 1.4066 1.4102 1.4172 1.4208 1.4243 1.4349 GBP/USD 1.5902 1.6007 1.6041 1.6076 1.6146 1.6181 1.6216 1.6321 USD/JPY 88.66 89.23 89.43 89.62 90.00 90.19 90.38 90.96 EUR/JPY 124.55 125.76 126.16 126.57 127.37 127.78 128.18 129.39 GBP/JPY 142.02 143.36 143.80 144.25 145.14 145.59 146.03 147.37 Tom DeMark’s Pivot Points Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY Resistance 1.4275 1.6475 90.84 128.96 147.08 Support 1.3890 1.6094 88.75 124.55 142.22 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.4414 1.6458 91.87 130.94 149.46 61.8% 1.4267 1.6312 91.07 129.26 147.60 50.0% 1.4221 1.6267 90.83 128.74 147.03 38.2% 1.4176 1.6222 90.58 128.22 146.45 23.6% 1.4120 1.6167 90.27 127.58 145.75 0.0% 1.4029 1.6077 89.78 126.54 144.60 (...)
Read the rest of Forex Technical Analysis for 01/25—01/29 Week (14 words) MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog. Go to Source

The latest Forex broker that I’ve added to my site today is Vantage FX. It’s a white label partner of another Australian broker — GOMarkets. It’s a separate company regulated by ASIC, but in terms of the retail Forex services it doesn’t add anything new as a broker compared to GOMarkets. The only thing that’s making them worth adding to my site is their tools for developing, testing and hosting the expert advisors for the MetaTrader 4 platform. So, if you prefer automated trading then this broker has some positive features to offer, otherwise you won’t be too excited by the conditions: Leverage can be as high as 1:300. The minimum to start trading is $120. Spreads fluctuate between 1 and 2 pips for the EUR/USD currency pair. Expert advisor database, VPS hosting for MT4 and EA Test Lab. Trade gold and silver in addition to traditional Forex. No convenient ways to deposit/withdraw money. (...)
Read the rest of Rather Pointless ...

The EUR/USD declined intensively today as risk aversion remained high favoring the U.S. dollar as Chinese equities markets dropped on the country’s new lending restrictions. The euro continues to suffer from a negative sentiment fueled by concerns regarding the growing Greek budget deficit, and as data published in the U.S. came within forecasts with a slightly positive outcome, the dollar reached the highest rate versus the European single currency in 2010. EUR/USD continues to fall currently at 1.4139. Building permits were at seasonally adjusted annual rate of 653k in December, showing figures above forecasts that expected 590k permits approved and from a previous reading of 589k (revised) in November. Housing starts for December were at a seasonally adjusted level of 557k from a previous revised rate of 580k in November. Forecasts expected housing starts to be at 580k. Producer Price Index (PPI) had a timid increase of 0.2% in December from a previous advance of 1.8% in November. The actual figures expected no changes ...