This is your monthly EarnForex.com newsletter.
To cancel your subscription, please, use the link at the bottom of
this message.
EarnForex.com Monthly Newsletter
*February 1, 2011*
Welcome to the latest issue of EarnForex.com newsletter — February
2011.
In this issue of EarnForex.com newsletter I will remind you about the
most important Forex-related events of the last month and will also
show you the list of the site's latest updates.
*
Overview of the major currency pairs' performance in January*
*EUR/USD* — went up significantly after showing some weakness
during the first week of the month. It was at its maximum at 1.3757 on
January 27, at its minimum at 1.2873 on January 10, finishing the
month at 1.3690.
*GBP/USD* — rose to its medium-term maximums in January. The
highest monthly rate was at 1.6059 on January 18, while the lowest —
at 1.5405 on January 7. GBP/USD finished January trading at 1.6011.
*USD/JPY* — was in a strong uptrend during the first week, but then
proceeded to a gradual downtrend. The pair rose to as high as 83.67 on
January 7, reaching a bottom at 81.06 on January 3 and closing the
month with the 82.05 rate.
*EUR/JPY* — demonstrated a strong bullish trend last month. The
monthly high was at 114.00 on January 27, the monthly low — at
106.82 on January 10. Trading ended at 112.36 for this currency pair.
*GBP/JPY* — was growing for almost whole month but went sideways
near the end. The maximum level for this pair was at 132.66 on January
27, while the minimum — at 125.76 on January 3. The month's trading
ended at 131.38 for GBP/JPY.
*
Fundamental background of the past month*
January was rather rich on events. First, there was a report on
the Chinese economy growth in the fourth quarter of 2010 — it
showed
a faster than expect pace and also provided more inflation worries.
Second, the
speculations that the Bank of England will have to raise its
reference interest
rate soon shook the market and helped the pound greatly. Third, the
end of month
was strongly influenced by the civil protests in North Africa and
Middle
East — riots in Tunisia, Egypt, Oman and Algeria weighted on the
global stock markets, reducing the appeal of the "risky" currencies
on Forex.
*
Interest rate changes in January*
Country
Old Rate
Change
New Rate
Brazil
10.75%
+0.50%
11.25%
Hungary
5.75%
+0.25%
6.00%
Poland
3.50%
+0.25%
3.75%
South Korea
2.50%
+0.25%
2.75%
*
Top 5 Forex brokers of the last month*
The top 5 Forex brokers, as rated by the visitors of EarnForex.com
<http://www.earnforex.com/>
are the following:
AccentForex <http://www.earnforex.com/forex-brokers/AccentForex>
— 8.1
Trading Point <http://www.earnforex.com/forex-brokers/TradingPoint>
— 7.6
2pipdixed <http://www.earnforex.com/forex-brokers/2pipfixed>
— 7.3
1pipfix <http://www.earnforex.com/forex-brokers/1pipfix>
— 7.3
4RunnerForex <http://www.earnforex.com/forex-brokers/4RunnerForex>
— 7.3
To qualify for the position in this top 5 rating a Forex broker
should have at least 5 votes. Don't forget to rate your favorite
broker <http://www.earnforex.com/forex-brokers/>
if you haven't done so already.
*
Forex e-books*
One new Forex book has been published on EarnForex.com since
the last issue of the newsletter:
Killer Patterns
<http://www.earnforex.com/forex-e-books/trading-strategy/Killer_Patterns.pdf>
You can always browse the previously
uploaded books <http://www.earnforex.com/forex-e-books/>
.
*
Forex articles*
No new Forex articles have been published on EarnForex.com since
the last issue of the newsletter but you can always browse the
previously
uploaded articles <http://www.earnforex.com/forex-articles>
.
*
Forex brokers*
Three new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
Spread Co <http://www.earnforex.com/forex-brokers/SpreadCo>
— British Forex broker with many types of trading and many
financial markets; they also offer both MetaTrader 4 and a web-based
platform.
Pepperstone <http://www.earnforex.com/forex-brokers/Pepperstone>
— a generic MetaTrader Forex broker registered in Australia and
offering rather good trading conditions but offers few ways of account
funding.
AccentForex <http://www.earnforex.com/forex-brokers/AccentForex>
— another MetaTrader broker but with very favorable conditions of
account opening and trading — with only $10 minimum, micro-lots and
several online ways to fund the account.
You can always view our full
list of Forex brokers <http://www.earnforex.com/forex-brokers/>
.
*
Forex VPS providers*
No new Forex VPS providers have been added to EarnForex.com
since the last issue of the newsletter, but you can always browse the
previously
added VPS companies <http://www.earnforex.com/forex-vps-hosting>
.
*
MetaTrader indicators*
One new MetaTrader indicator has been added to EarnForex.com
since the last issue of the newsletter:
Schaff Trend Cycle
<http://www.earnforex.com/metatrader-indicators/Schaff-Trend-Cycle>
You can always view the previously uploaded
Forex indicators <http://www.earnforex.com/metatrader-indicators>
.
*
MetaTrader expert advisors*
No new expert advisors have been added to EarnForex.com since
the last newsletter issue but you can always browse the previously
added
MetaTrader EAs <http://www.earnforex.com/metatrader-expert-advisors/>
.
*
Forex polls*
Two new polls have been posted on the EarnForex blog
<http://www.earnforex.com/blog/>
:
Do you manage others' money or invest under PAMM in Forex?
<http://www.earnforex.com/blog/2011/01/investing-in-personal-money-management-in-forex-poll/>
Have you ever received a Forex bonus?
<http://www.earnforex.com/blog/2011/01/forex-bonuses-ever-got-one/>
You can also browse the full list of
Forex polls <http://www.earnforex.com/blog/tag/forex-poll/>
from
EarnForex.com.
*
Forex strategies*
No new Forex strategies have been added to EarnForex.com since
the last issue of the newsletter but you can also browse the
previously added
Forex strategies <http://www.earnforex.com/forex-strategy/>
.
*
Forex industry news*
There were the following important Forex industry news in
January:
Oanda <http://www.earnforex.com/forex-brokers/Oanda>
now offers
MetaTrader 4 platform for Forex trading.
MetaQuotes <http://www.metaquotes.net/>
launches an iPhone app
for MT5. It's not a full version of MT5 for iPhone, but rather a
temporary
solution for those who want to track their orders and place the new
ones with
their mobile device.
We've introduced a new Forex broker category —
PAMM Forex brokers <http://www.earnforex.com/pamm-forex-brokers/>
.
It lists the brokers that support accounts with Percentage Allocation
Management
Module.
CFTC <http://www.cftc.gov/>
sues 14 foreign brokers for illegal
operation in US. The list includes
FXOpen <http://www.earnforex.com/forex-brokers/FXOpen>
,
InstaForex <http://www.earnforex.com/forex-brokers/InstaForex>
,
InvestTechFX <http://www.earnforex.com/forex-brokers/InvestTechFX>
,
Wall Street
Brokers <http://www.earnforex.com/forex-brokers/WallStreetBrokers>
and others.
*
Until next newsletter issue!*
T
To cancel your subscription, please, use the link at the bottom of
this message.
EarnForex.com Monthly Newsletter
*February 1, 2011*
Welcome to the latest issue of EarnForex.com newsletter — February
2011.
In this issue of EarnForex.com newsletter I will remind you about the
most important Forex-related events of the last month and will also
show you the list of the site's latest updates.
*
Overview of the major currency pairs' performance in January*
*EUR/USD* — went up significantly after showing some weakness
during the first week of the month. It was at its maximum at 1.3757 on
January 27, at its minimum at 1.2873 on January 10, finishing the
month at 1.3690.
*GBP/USD* — rose to its medium-term maximums in January. The
highest monthly rate was at 1.6059 on January 18, while the lowest —
at 1.5405 on January 7. GBP/USD finished January trading at 1.6011.
*USD/JPY* — was in a strong uptrend during the first week, but then
proceeded to a gradual downtrend. The pair rose to as high as 83.67 on
January 7, reaching a bottom at 81.06 on January 3 and closing the
month with the 82.05 rate.
*EUR/JPY* — demonstrated a strong bullish trend last month. The
monthly high was at 114.00 on January 27, the monthly low — at
106.82 on January 10. Trading ended at 112.36 for this currency pair.
*GBP/JPY* — was growing for almost whole month but went sideways
near the end. The maximum level for this pair was at 132.66 on January
27, while the minimum — at 125.76 on January 3. The month's trading
ended at 131.38 for GBP/JPY.
*
Fundamental background of the past month*
January was rather rich on events. First, there was a report on
the Chinese economy growth in the fourth quarter of 2010 — it
showed
a faster than expect pace and also provided more inflation worries.
Second, the
speculations that the Bank of England will have to raise its
reference interest
rate soon shook the market and helped the pound greatly. Third, the
end of month
was strongly influenced by the civil protests in North Africa and
Middle
East — riots in Tunisia, Egypt, Oman and Algeria weighted on the
global stock markets, reducing the appeal of the "risky" currencies
on Forex.
*
Interest rate changes in January*
Country
Old Rate
Change
New Rate
Brazil
10.75%
+0.50%
11.25%
Hungary
5.75%
+0.25%
6.00%
Poland
3.50%
+0.25%
3.75%
South Korea
2.50%
+0.25%
2.75%
*
Top 5 Forex brokers of the last month*
The top 5 Forex brokers, as rated by the visitors of EarnForex.com
<http://www.earnforex.com/>
are the following:
AccentForex <http://www.earnforex.com/forex-brokers/AccentForex>
— 8.1
Trading Point <http://www.earnforex.com/forex-brokers/TradingPoint>
— 7.6
2pipdixed <http://www.earnforex.com/forex-brokers/2pipfixed>
— 7.3
1pipfix <http://www.earnforex.com/forex-brokers/1pipfix>
— 7.3
4RunnerForex <http://www.earnforex.com/forex-brokers/4RunnerForex>
— 7.3
To qualify for the position in this top 5 rating a Forex broker
should have at least 5 votes. Don't forget to rate your favorite
broker <http://www.earnforex.com/forex-brokers/>
if you haven't done so already.
*
Forex e-books*
One new Forex book has been published on EarnForex.com since
the last issue of the newsletter:
Killer Patterns
<http://www.earnforex.com/forex-e-books/trading-strategy/Killer_Patterns.pdf>
You can always browse the previously
uploaded books <http://www.earnforex.com/forex-e-books/>
.
*
Forex articles*
No new Forex articles have been published on EarnForex.com since
the last issue of the newsletter but you can always browse the
previously
uploaded articles <http://www.earnforex.com/forex-articles>
.
*
Forex brokers*
Three new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
Spread Co <http://www.earnforex.com/forex-brokers/SpreadCo>
— British Forex broker with many types of trading and many
financial markets; they also offer both MetaTrader 4 and a web-based
platform.
Pepperstone <http://www.earnforex.com/forex-brokers/Pepperstone>
— a generic MetaTrader Forex broker registered in Australia and
offering rather good trading conditions but offers few ways of account
funding.
AccentForex <http://www.earnforex.com/forex-brokers/AccentForex>
— another MetaTrader broker but with very favorable conditions of
account opening and trading — with only $10 minimum, micro-lots and
several online ways to fund the account.
You can always view our full
list of Forex brokers <http://www.earnforex.com/forex-brokers/>
.
*
Forex VPS providers*
No new Forex VPS providers have been added to EarnForex.com
since the last issue of the newsletter, but you can always browse the
previously
added VPS companies <http://www.earnforex.com/forex-vps-hosting>
.
*
MetaTrader indicators*
One new MetaTrader indicator has been added to EarnForex.com
since the last issue of the newsletter:
Schaff Trend Cycle
<http://www.earnforex.com/metatrader-indicators/Schaff-Trend-Cycle>
You can always view the previously uploaded
Forex indicators <http://www.earnforex.com/metatrader-indicators>
.
*
MetaTrader expert advisors*
No new expert advisors have been added to EarnForex.com since
the last newsletter issue but you can always browse the previously
added
MetaTrader EAs <http://www.earnforex.com/metatrader-expert-advisors/>
.
*
Forex polls*
Two new polls have been posted on the EarnForex blog
<http://www.earnforex.com/blog/>
:
Do you manage others' money or invest under PAMM in Forex?
<http://www.earnforex.com/blog/2011/01/investing-in-personal-money-management-in-forex-poll/>
Have you ever received a Forex bonus?
<http://www.earnforex.com/blog/2011/01/forex-bonuses-ever-got-one/>
You can also browse the full list of
Forex polls <http://www.earnforex.com/blog/tag/forex-poll/>
from
EarnForex.com.
*
Forex strategies*
No new Forex strategies have been added to EarnForex.com since
the last issue of the newsletter but you can also browse the
previously added
Forex strategies <http://www.earnforex.com/forex-strategy/>
.
*
Forex industry news*
There were the following important Forex industry news in
January:
Oanda <http://www.earnforex.com/forex-brokers/Oanda>
now offers
MetaTrader 4 platform for Forex trading.
MetaQuotes <http://www.metaquotes.net/>
launches an iPhone app
for MT5. It's not a full version of MT5 for iPhone, but rather a
temporary
solution for those who want to track their orders and place the new
ones with
their mobile device.
We've introduced a new Forex broker category —
PAMM Forex brokers <http://www.earnforex.com/pamm-forex-brokers/>
.
It lists the brokers that support accounts with Percentage Allocation
Management
Module.
CFTC <http://www.cftc.gov/>
sues 14 foreign brokers for illegal
operation in US. The list includes
FXOpen <http://www.earnforex.com/forex-brokers/FXOpen>
,
InstaForex <http://www.earnforex.com/forex-brokers/InstaForex>
,
InvestTechFX <http://www.earnforex.com/forex-brokers/InvestTechFX>
,
Wall Street
Brokers <http://www.earnforex.com/forex-brokers/WallStreetBrokers>
and others.
*
Until next newsletter issue!*
T
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