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EarnForex.com Monthly Newsletter
*January 1, 2013*
Welcome to the latest issue of EarnForex.com newsletter — January
2013.
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 December*
*EUR/USD* — soared up after a minor correction during the first few
days. It was at the maximum at 1.3308 on December 19, at its minimum
at 1.2877 on December 7, finishing the month at 1.3196.
*GBP/USD* — was in a rally during the first half of December but
changed to a correction in the second half. The highest monthly rate
was at 1.6307 on December 19, while the lowest — at 1.6002 on
December 7. GBP/USD finished December trading at 1.6241.
*USD/JPY* — went straight up last month. The pair rose to as high as
86.68 on December 31, reaching a bottom at 81.72 on December 4 and
closing the month with the 86.61 rate.
*EUR/JPY* — like all other JPY pairs, EUR/JPY was rallying in
December. The monthly high was at 114.69 on December 28, the monthly
low — at 105.97 on December 10. Trading ended at 114.30 for this
currency pair.
*GBP/JPY* — behaved similarly to EUR/JPY but rose at a lesser pace.
The maximum level for this pair was 140.93 on December 31, while the
minimum — 131.55 on December 4. The month's trading ended at 140.66
for GBP/JPY.
*
Fundamental background of the past month*
There were no shocks for the Forex market in December and trading was
quiet at the end of the month as the holiday season has started.
Without any major news, the US fiscal cliff remained the most
important theme that was affecting the FX market. One day the impact
was positive, another day it was negative and sometimes even both
<http://www.topforexnews.com/2012/12/29/mixed-week-for-dollar-ahead-of-year-end/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
at the same day. In general, the mood was rather optimistic at the
beginning of the month, but optimism was slowly going away by the end
of December as it had become apparent that the United States would
enter the new year without any of its problems resolved.
The yen could have profited from the uncertainty, but it did not
occur. In fact, quite opposite has happened as the Japanese currency
was continuously falling down, reaching the lowest level in more than
two years against the dollar
<http://www.topforexnews.com/2012/12/28/yen-drops-to-two-year-low-vs-dollar/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
. The reason for such behavior is pretty obvious: the victory of
pro-stimulus Shinzo Abe in the elections
<http://www.topforexnews.com/2012/12/17/yen-higher-for-now-but-expected-to-drop-in-the-future/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
. The result of the elections outcome was evident very soon
<http://www.topforexnews.com/2012/12/20/yen-sheds-gains-as-boj-suggests-aggressive-monetary-policy/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
as the Bank of Japan expanded its asset purchase program and promised
more aggressive easing in the future. A tremor that has struck Japan
at the beginning of December
<http://www.topforexnews.com/2012/12/07/yen-rises-as-earthquake-strikes-japan-gains-limited/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
provided a surge of fear and a boost for the yen, but that support
quickly dissipated.
In Europe, Greece has received the next tranche of its bailout
<http://www.topforexnews.com/2012/12/13/euro-a-little-lower-even-with-greek-aid-agreement/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
. Truth be told, European problems were overshadowed by the financial
cliff in the USA, reducing impact of news from the eurozone.
Gold was falling for the most part of the month and it looks like the
metal lost its safe haven appeal
<http://www.commodityblog.com/commodity-prices-gold/gold-proves-it-lost-safe-haven-appeal?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
. Gold posted the longest stretch of weekly drops since January 2010
<http://www.commodityblog.com/commodity-prices-gold/golds-longest-row-of-weekly-drops?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
and threatened to erase its yearly gain entirely
<http://www.commodityblog.com/commodity-prices-gold/gold-silver-threaten-to-erase-this-years-gains?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
. Yet gold is likely to keep at least part of this year's gains and
gold bulls believe that the metal has potential to jump to new highs
next year.
*
Interest rate changes in December*
Country
Old Rate
Change
New Rate
Australia
3.25%
-0.25%
3.00%
Hungary
6.00%
-0.25%
5.75%
Israel
2.00%
-0.25%
1.75%
Poland
4.50%
-0.25%
4.25%
Singapore
0.17%
+0.01%
0.18%
Sweden
1.25%
-0.25%
1.00%
*
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/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
are the following:
RFXT
<http://www.earnforex.com/forex-brokers/RFXT?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— 7.7
Forex-Metal
<http://www.earnforex.com/forex-brokers/Forex-Metal?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— 7.2
Finexo
<http://www.earnforex.com/forex-brokers/Finexo?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— 7.1
Ikon Group
<http://www.earnforex.com/forex-brokers/IkonGroup?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— 6.9
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— 6.7
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/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
if you haven't done so already.
*
Forex e-books*
No new Forex books have been published on EarnForex.com since
the last issue of the newsletter, but you can always browse the
previously
uploaded books
<http://www.earnforex.com/forex-e-books/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
Forex articles*
One new Forex article has been published on EarnForex.com since
the last issue of the newsletter:
Fundamental Analysis Can Generate Impressive Profits
<http://www.earnforex.com/articles/fundamental-analysis-can-generate-impressive-profits?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
You can always browse the previously
uploaded articles
<http://www.earnforex.com/forex-articles?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
Forex brokers*
Three new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
NetoTrade
<http://www.earnforex.com/forex-brokers/NetoTrade?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— an unregulated MT4 broker with $100 minimum account size and ECN
accounts starting from $5,000.
RobustFX
<http://www.earnforex.com/forex-brokers/RobustFX?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— an offshore company with MetaTrader 4, accounts starting from
$100 and leverage as high as 1:500.
FxNet
<http://www.earnforex.com/forex-brokers/FxNet?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— a new regulated Cypriot broker with MetaTrader 4 platform and $5
minimum account size.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
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?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
MetaTrader indicators*
No new MetaTrader indicators have been added to EarnForex.com
since the last issue of the newsletter but you can always view the
previously
uploaded
Forex indicators
<http://www.earnforex.com/metatrader-indicators?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
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/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
:
What Do You Expect for 2013?
<http://www.earnforex.com/blog/2012/12/poll-forex-traders-expectations-for-2013/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
What Were Your 2012 Forex Results?
<http://www.earnforex.com/blog/2012/12/what-were-your-2012-results-in-forex/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
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 always browse the
previously added
Forex strategies
<http://www.earnforex.com/forex-strategy/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
Forum*
Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
started in December:
How can be a successful trader ?
<http://www.earnforex.com/forum/f26/how-can-successful-trader-11535/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
relative currency strength trades
<http://www.earnforex.com/forum/f30/relative-currency-strength-trades-11763/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
Where to begin Forex. I have only Basic Idea about currency trading
<http://www.earnforex.com/forum/f4/where-begin-forex-i-have-only-basic-idea-about-currency-trading-11527/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
The most frustrating thing about forex trading
<http://www.earnforex.com/forum/f4/most-frustrating-thing-about-forex-trading-11590/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
What am I missing
<http://www.earnforex.com/forum/f4/what-am-i-missing-11671/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
EarnForex.com is now available in
Arabic
<http://www.earnforex.com/ar/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
EarnForex.com has launched
BinaryTrading.com
<http://www.binarytrading.com/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
— a website dedicated to binary options.
The Automated Trading Championship 2012 has
ended
<http://www.earnforex.com/blog/2012/12/automated-trading-championship-2012-results/?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
NFA <http://www.nfa.futures.org/>
attempts
<http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0397435&case=12MRA00009&contrib=NFA>
to force
FXDD
<http://www.earnforex.com/forex-brokers/FXDD?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
to pay $3.3 million compensation to clients.
GFT
<http://www.earnforex.com/forex-brokers/GFTForex?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
transfers <http://www.gftforex.com/Announcements/>
its US resident retail Forex clients to
Gain Capital
<http://www.earnforex.com/forex-brokers/Forex.com?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
*
Until the next newsletter issue!*
That's all for the January issue of the EarnForex.com
newsletter. If you have questions, comments or just want to see
something else
in the next monthly issue, please let us know
<http://www.earnforex.com/contact?utm_source=n201301&utm_medium=web&utm_campaign=n201301>
.
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