Forex Brokers

EUR/USD tumbled down today as yesterday’s dovish FOMC statement shook markets, seriously hurting outlook for the global economy. Today’s reports showed that trade balance deficit and treasury deficit increased, while US crude oil inventories continued to decline. EUR/USD trades now near 1.2874. US trade balance… Go to Source

I’ve received a rather strange spam message today from some crazy folks, explaining how messed up the global financial system (and Forex market in particular) currently is. Although it’s a mix of the laughable arguments and the paranoid conclusions of some conspiracy theory nuts, it caught my attention because one of the arguments… Go to Source

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
GBP/JPY trend: hold.
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot… Go to Source

Cheats and fraudsters abound in the world, and the foreign currency investment market has seen its share of conmen over the years. In fact, there have been a few scams of such magnitude in this market that will make you think twice before believing in any new get-great-returns-fast scheme. Orion International and Russell… Go to Source

The USD slumped at the start of today’s Forex trading session, but later began gradually to rise. Unfavorable reports may reverse this trend, though. EUR/USD trades now at 1.3189. Personal income and personal spending grew less than 0.1% in June. In May personal income increased by 0.3% (revised down from… Go to Source

However distant such activities as the Forex trading and alcohol consumption may seem at a first glance, at a second one it’s possible to notice some weird similarities that draw parallels between the currency speculations and drinking. Some rules of drinking work perfectly in the on-line Forex market. If you trade Forex… Go to Source

EUR/USD trend: sell.
GBP/USD trend: sell.
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 was volatile today and rising currently after number of orders for durable goods unexpectedly fell in June. Inventories of crude surged significantly, also surprising market participants. EUR/USD trades currently near 1.3025. Durable goods orders unexpectedly dropped by 1.0% in June, the second consecutive monthly decrease, following the decrease… Go to Source

(This post will be interesting only to those who code in MQL4 or MQL5 languages.) Drawing a rectangle in MQL-coded indicator or expert advisor is quite an easy task in both MetaTrader 4 and MetaTrader 5 platforms. All you have to do is to call the ObjectCreate() function with rather simple parameters.… Go to Source

The AUD/NZD daily chart shows an interesting situation appearing since June 1st. The currency pair is trading inside the range formed by 0% and 23.6% levels of the Fibonacci retracements drawn for the last bearish trend. The range channel isn’t very strict as there are both upward and downward spikes in it but it’s… Go to Source