In this issue of EarnForex.com newsletter I will remind you about the most important Forex related events of August and will show you the list of the site's latest updates.
Overview of the major currency pairs' performance in August:
EUR/USD - rose insignificantly in August with a deep bottom curve in the middle of the month. The maximum monthly level was reached on August 5th at 1.4446; the minimum - at 1.4044 on August 17. The trading ended near 1.4316 for this currency pair.
GBP/USD - declined during the biggest part of the month after gaining somewhat in the first few days. The maximum for GPB/USD was recorded near 1.7042 on August 5 and the minimum - at 1.6152 on August 27. The August trading ended near 1.6258 level.
USD/JPY - declined somewhat in August, posting a high upward peak during the first half of the month. The pair reached its monthly maximum at 97.77 on August 7 and fell to its minimum at 93.21 on August 27. The currency pair ended the month near 92.97.
EUR/JPY - finished almost unchanged compared to the opening levels in August with a rather strong volatility during the month. The pair reached its monthly high at 138.69 on August 7 and the monthly low - at 132.17 on August 19. EUR/JPY finished near 133.10 in August.
Fundamental background of the month:
Both real estate and industrial sectors demonstrated some very positive reports in almost all developed countries in August. The month was very good for the U.S. stocks and the stock markets rallied almost everywhere. Despite the prevailing optimism, investors and traders remain uncertain regarding the next two month, expecting some strong correction in future, which may bring the U.S. dollar up against the euro.
Interest rate changes in August:
South Africa - from 7.5% to 7%.
Denmark - from 1.55% to 1.35%.
Chile - from 0.75% to 0.5%.
Czech Republic - from 1.5% to 1.25%.
Russia - from 11% to 10.75%.
In this newsletter issue a new list of the top 5 Forex brokers (rated by the visitors of EarnForex.com) is presented. Each broker must receive at least 5 votes to compete for the top position. August 2009 top 5 Forex brokers are:
1. MB Trading - 9.0
http://www.earnforex.com/forex_brokers/MBTrading
2. FXOpen - 8.7
http://www.earnforex.com/forex_brokers/FXOpen
3. FX|Clearing - 8.6
http://www.earnforex.com/forex_brokers/FXClearing
4. Marketiva - 8.6
http://www.earnforex.com/forex_brokers/Marketiva
5. iFOREX - 8.6
http://www.earnforex.com/forex_brokers/iFOREX
Don't forget to rate your favorite broker if you haven't done so already.
One new Forex book was published on EarnForex.com in August:
Core Point and Figure Chart Patterns by BlueChipOptions.com:
http://www.earnforex.com/forex_e-books/advanced_forex_trading/Core_Point_and_Figure_Chart_Patterns.pdf
You can always browse the previously uploaded books here:
http://www.earnforex.com/forex_e-books/
The following new Forex articles were published on EarnForex.com in August:
Technical Analysis: How to Read the Price Action:
http://www.earnforex.com/articles/technical_analysis_how_to_read_the_price_action.php
Fundamental Analysis: Study Economics, Trade the Markets:
http://www.earnforex.com/articles/fundamental_analysis_study_economics_trade_the_markets.php
Money Management in Forex: the Real Deal in Trading:
http://www.earnforex.com/articles/money_management_in_forex_the_real_deal_in_trading.php
Trading Your Emotions: How to Cope with Psychological Pressures
http://www.earnforex.com/articles/trading_your_emotions_how_to_cope_with_psychological_pressures.php
You can also browse the previously uploaded articles here:
http://www.earnforex.com/forex_articles.php
And you can submit your own Forex article:
http://www.earnforex.com/submit_article.php
Four new Forex brokers were added to EarnForex.com in August:
RFXT - previously, it was present on the site as division of IKON-GM, but now it's a separate broker with MetaTrader platform, Islamic accounts and $1,000 minimum account size:
http://www.earnforex.com/forex_brokers/RFXT
IS Markets - also offers MetaTrader platform and Islamic accounts, but the minimum account size is only $250:
http://www.earnforex.com/forex_brokers/ISMarkets
FX Trading - a third one with MT4 platform and Muslim-friendly accounts for August. $500 minimum here and an option to deposit/withdraw via PayPal:
http://www.earnforex.com/forex_brokers/FXTrading
BMFN - Boston Merchant Financial, like three previously mentioned brokers, this one also offers accounts with no swaps and MetaTrader but has $100 minimum, accepts WebMoney:
http://www.earnforex.com/forex_brokers/BostonMerchantFinancial
You can view other Forex brokers here:
http://www.earnforex.com/forex_brokers.php
Two new Forex VPS providers were added to EarnForex.com in August:
Zuit - Windows hosting at $29.99 per month basic rate; accepts Liberty Reserve and PayPal:
http://www.earnforex.com/forex_vps_hosting/Zuit
Ultima Hosts - Windows hosting at $29 per month basic rate; accepts PayPal:
http://www.earnforex.com/forex_vps_hosting/UltimaHosts
You can browse previously added VPS companies:
http://www.earnforex.com/forex_vps_hosting.php
No new MT4 indicators were added to EarnForex.com in August but can view previously uploaded Forex indicators here:
http://www.earnforex.com/mt4_forex_indicators.php
No new expert advisors were added to EarnForex.com in August but you can browse previously added MT4 EAs:
http://www.earnforex.com/mt4_expert_advisors.php
Four new polls were posted on the EarnForex blog in August:
What to Look for When Choosing a Forex Broker?
http://www.earnforex.com/blog/2009/08/what-to-look-for-when-choosing-a-forex-broker/
Have You Ever Experienced Margin Call?
http://www.earnforex.com/blog/2009/08/have-you-ever-experienced-margin-call/
What Leverage Do You Use?
http://www.earnforex.com/blog/2009/08/what-leverage-do-you-use/
How Long Have You Been Trading Forex?
http://www.earnforex.com/blog/2009/08/how-long-have-you-been-trading-forex/
You can find full list of Forex polls from EarnForex.com here:
http://www.earnforex.com/blog/tag/forex-poll/
That's all for the August issue of the EarnForex.com newsletter. If you want to see something else in the next monthly issue, please contact me at webmaster@earnforex.com or at http://www.earnforex.com/contact.php.
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