The new Volkswagen Polo
We’ve just driven the new Volkswagen Polo for this first time.
How Does Auto Trading Work?
by shahid hussain
on Saturday, May 30, 2009,
** AutoTrading providers and the FCM are compensated for the difference between the bid and ask spread. |
EUR/USD Ends Week Just a Bit Above Open Level
by shahid hussain
on Monday, May 11, 2009,
EUR/USD gained yesterday and ended the week in the moderately positive zone as the fundamentals reports in U.S. were predominantly good for the world’s economy and bad for the low-yielding currencies, such as the dollar. EUR/USD ended the week at 1.3274.
Michigan sentiment index grew from 57.3 to 65.1 in April — the highest value since September 2008. It was expected to go up to 61.5.
Factory orders decreased by 0.8% in March, following 1.6% gain in February. The analysts’ forecast showed 0.7% decline for March.
ISM Manufacturing Index unexpectedly rose from 36.3% to 40.1% in April. The marked analysts predicted a growth to 38%.
Real Scalping Contest from InstaForex
by shahid hussain
InstaForex has announced that the «Real Scalper InstaForex» contest will be held every week on Friday (full Friday trading session). It’s an extreme scalping contest that is performed on the real money accounts with $100 initial deposit and $1,500 prize fund. The rules are very simple — you register for the contest, fund the contest account with exactly $100.00 before Friday (server time) and trade all day on Friday to come with the highest balance out of all contestants. The prizes are distributed in the following way:
- 1st place — 500 USD;
- 2nd place — 400 USD;
- 3rd place — 300 USD;
- 4th place — 200 USD;
- 5th place — 100 USD.
It’s an curious thing to know that in the first «Real Scaler Contest» only 10 traders out of 200 registered deposited exactly $100.00 before Friday and thus every 2nd participant became a winner that time. Of course, all the account balance that remains after the contest can be freely withdrawn by the participants. This contest is a great opportunity for the scalpers and short-term intraday traders to earn money and prove their skills. All traders are able to easily follow up the contest progress through the ranking table.
Two New Categories — Oil and Gold Trading Brokers
by shahid hussain
I added two new Forex broker categories to the site today — Forex brokers with gold trading and Forex brokers with oil trading. Recently I’ve noticed that many traders seek opportunity to trade on something other than plain old currency pairs. Apart from being able to trade currencies they usually also want to have an opportunity to trade oil or gold from time to time when there are some good fundamental conditions for such trades. These two new categories should help traders to find those Forex brokers that fit their oil/gold trading needs, while they will still be able to choose only those brokers that support their favorite payment method and trading platform.
By the way, I failed to find any Forex broker with oil trading that wouldn’t offer gold trading, though it’s not true for vice versa (not all gold trading brokers support oil trading). So, if you see an oil trading broker you can be almost 100% sure that it also has GOLD among its trading symbols. And almost all gold trading brokers feature not only gold but also silver and sometimes platinum, while more advanced brokers offer all possible precious (and sometimes not only precious) metals.
Forex Technical Analysis for 05/11—05/15 Week
by shahid hussain
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2611 | 1.2788 | 1.3031 | 1.3208 | 1.3451 | 1.3629 | 1.3872 |
| GBP/USD | 1.4208 | 1.4361 | 1.4641 | 1.4794 | 1.5074 | 1.5227 | 1.5507 |
| USD/JPY | 92.66 | 94.14 | 96.62 | 98.10 | 100.58 | 102.06 | 104.54 |
| EUR/JPY | 118.52 | 121.44 | 126.48 | 129.40 | 134.44 | 137.36 | 142.40 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| Pair | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
| EUR/USD | 1.2804 | 1.3064 | 1.3225 | 1.3485 | 1.3645 |
| GBP/USD | 1.4393 | 1.4705 | 1.4826 | 1.5138 | 1.5259 |
| USD/JPY | 94.39 | 97.12 | 98.35 | 101.08 | 102.31 |
| EUR/JPY | 121.97 | 127.53 | 129.93 | 135.49 | 137.89 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| Pair | 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res |
| EUR/USD | 1.3043 | 1.3159 | 1.3197 | 1.3236 | 1.3313 | 1.3351 | 1.3390 | 1.3506 |
| GBP/USD | 1.4683 | 1.4802 | 1.4842 | 1.4882 | 1.4961 | 1.5001 | 1.5040 | 1.5159 |
| USD/JPY | 96.92 | 98.01 | 98.38 | 98.74 | 99.46 | 99.83 | 100.19 | 101.28 |
| EUR/JPY | 127.13 | 129.32 | 130.05 | 130.78 | 132.24 | 132.97 | 133.70 | 135.89 |
| Tom DeMark’s Pivot Points | ||||
|---|---|---|---|---|
| Pair | EUR/USD | GBP/USD | USD/JPY | EUR/JPY |
| Resistance | 1.3330 | 1.4934 | 99.34 | 131.92 |
| Support | 1.2909 | 1.4501 | 95.38 | 123.96 |
| Fibonacci Retracement Levels | ||||
|---|---|---|---|---|
| Pairs | EUR/USD | GBP/USD | USD/JPY | EUR/JPY |
| 100.0% | 1.3385 | 1.4947 | 99.57 | 132.33 |
| 61.8% | 1.3225 | 1.4782 | 98.06 | 129.29 |
| 50.0% | 1.3175 | 1.4731 | 97.59 | 128.35 |
| 38.2% | 1.3125 | 1.4679 | 97.13 | 127.41 |
| 23.6% | 1.3064 | 1.4616 | 96.55 | 126.25 |
| 0.0% | 1.2965 | 1.4514 | 95.62 | 124.37 |
EUR/USD Rallies to Monthly High after Nonfarm Payrolls
by shahid hussain
EUR/USD rose for a second day today and reached the highest value in more than a month after the U.S. employment declined at a less than expected rate. Traders felt more confidence in the high-yielding assets and turned to stock and euro buying, dumping the low-yielding greenback. EUR/USD is now trading near 1.3488.
Nonfarm payrolls decreased by 539k in April instead of the expected 600k. In March they were down by 699k. The overall unemployment rate rose from 8.5% to 8.9% as expected.
Wholesale inventories were down by 1.6% in March, following 1.7% drop in February. Forecasts by the economic strategists showed -1% change.
