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- Dollar Grows as Existing Home Sales Drop
EUR/USD remained almost unchanged today after the yesterday’s slight correction. The currency pair was in the uptrend for the most part of the day but started to fall after the important economic reports came out today in U.S. It failed to reach the yesterday’s open level and is now trading near 1.4671 rate.
Existing home sales in August dropped to 4.91 million units annual rate — down from 5.02 (upwardly revised from 5.00) million units in July. The market analysts expected this rate to go down to 4.95 million.
Crude oil inventories declined another time last week — they dropped 1.5 million barrels after losing more than 6.3 million barrels a week before. U.S. crude oil inventories still remain in the lower half of the average range for this time of year.
Posted on Forex blog.
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Переслать - Practical Fibonacci Methods for Forex Trading — Forex E-Book
Fibonacci retracements and extensions technique is quite a popular Forex trading method. Unfortunately, many traders lack the understanding of how and why the Fibonacci levels work and even more traders don’t understand how to use these levels. The little Forex book that I’ve uploaded to my site today will help such traders. This book is titled Practical Fibonacci Methods for Forex Trading and is written by Ken Marshall and Rob Moubray. It explains Fibonacci trading from the elementary basics to the real tradint examples and strategy recommendations for the use of Fibonacci levels in Forex.
The good part of this book is that it can be useful both to the trained and new Forex traders. Because it has everything about Fibonacci — from the history of the method to the Fibonacci convergence explanation to the stop-loss recommendations when using Fibonacci levels.
Posted on Forex blog.
Trade with a leading Forex service provider — trade with Ava FX.Переслать
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