Bank Stress Tests fail support the Euro due to questionable reliability

EUR/USD

Last week’s trading has led to a doji candlestick formation on the weekly chart indicating a potential reversal lower for the pair. Traders will want to combine this signal with other technical indicators for confirmation before entering short. The next significant resistance level rests at the 38.2% Fibonacci retracement level at 1.3110. The next support level is found at last Wednesday’s low of 1.2730. Read more

Daily Forex Analysis: EUR’s Gains Erode Throughout the Forex Trading Day

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Markets rallied following the release of the European Financial Stabilization Plan, says ForexYard in its daily Forex Analysis. The Dow Jones Industrials Average closed up almost 4% for the day as risk taking was prevalent through the day. The Dollar also rallied as the EUR/USD ended the day near its Friday close, erasing the EUR’s gains after the market’s initial reaction to the bailout fund. Read more

easy-forex® Gold Sponsor at 6th Middle East Forex Trading Expo

easy-forex^® is a proud sponsor and presenter at the 6th Middle East Forex Trading Expo and Conference taking place in Beirut, Lebanon 20 – 21 May, 2010.

Long-standing participants of the ME Trading Expo, easy-forex^® fully supports the Expo’s mission of ‘promoting an enhanced level of awareness of online trading and cultivating learning among Forex enthusiasts across all levels’. Read more

The Middle East Forex Award 2010 to honor industry’s best online trading companies

Winners to be selected through online voting

Arabcom Group, organizer of the 6^th Middle East Expo & Conference 2010, today announced that it will be honoring the year’s best online trading companies during the two day event on May 20-21, 2010 at Habtoor Grand Hotel, Beirut, Lebanon.

“It is time to once again, recognize the industry’s best achievers for this year by inviting all participants to visit our website and vote online. Winners are selected from the list of exhibitors or sponsors at the sixth Middle East Expo & Conference 2010. “ said Katia Tayar, Founder & President of Arabcom Group. “In acknowledging these leaders, the Middle East Forex Award 2010 not only highlights the wealth of ingenuity and creativity of the global online trading industry but also provides a good example for others in the Middle East region who wish to succeed in the online trading marketplace.” Read more

Daily Forex Analysis

Will Crude Oil Continue To Drop?

Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting losses against the Euro and the two trends seem to be correlated, according the daily forex analysis provided by ForexYard. Will this proceed? Read more

Daily Forex Analysis

The U.S currency Weakens ahead of Bernanke’s Testimony

The U.S Dollar edged down versus the EUR during the session as traders look ahead to key U.S. economic data and congressional testimony from Federal Reserve Chairman Ben Bernanke later today. Traders will listen closely for any hints of changes to how long the Fed may keep Interest Rates on hold.

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Daily Forex Analysis

Euro Higher On Greece Aid Package, U.S. Budget Deficit Narrowed

Greece Concerns Allayed by ECB; EUR Rebounds

The Euro was provided assistance earlier today when the European Central Bank (ECB) announced that interest rates would be held steady – as was expected – and that there was little fear of a sovereign default by Greece. Such a turn of events gave the 16-nation single currency a much needed boost against its primary rival, the US Dollar, but some analysts contend that these gains will be short-lived says ForexYard in its daily Forex analysis. Read more

Daily Forex Analysis

Dollar Anticipates Release of U.S. Unemployment Claims

Today, traders should pay close attention to the release of the U.S. Unemployment Claims report, says ForexYard in it’s daily Forex analysis. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 12:30 GMT.

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