Archives: Forex Trading


Forex Technical Analysis

US Dollar Index failed to hold above 97.00 and has started to retreat again retesting 96.70 with next potential support in the 96.20 to 96.40 area. EURUSD continues to attract support above $1.1000 and RSI suggests downward pressure starting to ease off but it still hasn’t been able to rebound very far, only up into • Read More »


Looking At the EUR/USD

EURUSD In terms of the fundamental analysis, regarding EURUSD a very paradoxical situation has taken appears – Neither the EU, and neither the US want a strong national currency. The US will do everything they can to give a possibility to raise the refinancing rate (raise the rate = start of deflation process (inflation slows)), • Read More »


Traders will be Focusing on the EUR & GBP

Poor manufacturing production figures from July will weaken the Euro and British Pound against other major currencies, while higher than expected figures will result in a bullish market. Binary options trading is so flexible that traders will potentially be able to profit from any market response to Monday’s figures.


Most European markets closed firmer on Thursday as investors weighed German and US data along with upbeat company earnings reports.

Most European markets closed firmer on Thursday as investors weighed German and US data along with upbeat company earnings reports. Germany’s harmonized consumer price index rose an annualized 0.1% in July, in line with the previous month and forecasts. The German unemployment rate held steady at 6.4% in July. However, the number of unemployed people • Read More »