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EarnForex.com Monthly Newsletter
*April 2, 2013*
Welcome to the latest issue of EarnForex.com newsletter — April
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 March*
*EUR/USD* — declined severely in March. It was at the maximum at
1.3134 on March 8, at its minimum at 1.2751 on March 27, finishing the
month at 1.2816.
*GBP/USD* — posted a V-pattern. The highest monthly rate was at
1.5260 on March 25, while the lowest — at 1.4831 on March 12.
GBP/USD finished March trading at 1.5200.
*USD/JPY* — demonstrated a very fast rally in the first decade but
slowly dropped during the remaining two thirds of the month. The pair
rose to as high as 96.71 on March 12, reaching a bottom at 92.44 on
March 1 and closing the month with the 94.22 rate.
*EUR/JPY* — traded in an inverted V-pattern. The monthly high was at
126.03 on March 12, the monthly low — at 119.75 on March 28. Trading
ended at 120.73 for this currency pair.
*GBP/JPY* — rose steadily with some consolidation near the end of
the month. The maximum level for this pair was 145.87 on March 15,
while the minimum — 139.11 on March 1. The month's trading ended at
143.22 for GBP/JPY.
*
Fundamental background of the past month*
This month looked uneventful as no major events were happening and
central banks across the world maintained their monetary policy
unchanged. Yet by end of the month the Forex market was shaken by the
financial crisis in Cyprus
<http://www.topforexnews.com/2013/03/18/euro-manages-to-log-gains-after-offering-flexibility-to-cyprus/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
. The euro reacted negatively to the news, as it could be expected.
Yet it did not prevent weekly gains. In fact, only after the country
received the bailout the currency bulked to the downside pressure. Of
course, initially traders were overjoyed
<http://www.topforexnews.com/2013/03/25/euro-advances-on-bailout-for-cyprus-drop-is-still-possible/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
, but submitted to fear later. The currency ended the last week of
March on a positive note
<http://www.topforexnews.com/2013/03/29/euro-bounces-as-traders-less-fearful-of-cyprus/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
, but still with weekly losses
<http://www.topforexnews.com/2013/03/30/euro-ends-hard-week-with-losses/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
. Over the month, the euro erased whatever gains it had made
initially.
Unsurprisingly, the dollar was rising
<http://www.topforexnews.com/2013/03/29/us-dollar-ready-to-end-the-week-on-a-high-note/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
on the news. The positive US employment data
<http://www.topforexnews.com/2013/03/09/us-non-farm-payrolls-much-better-than-expected-lifting-dollar/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
also helped the currency, adding to speculations about an early end
for quantitative easing.
The prospects for aggressive easing continued to push the Japanese yen
down. The losses was not as big as one might expect as traders get
used to the talks about intervention
<http://www.topforexnews.com/2013/03/28/yen-gains-despite-kurodas-talks-about-intervention/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
. Additionally, the confusion created by the situation in Cyprus
increased the appeal of the currency as a safe haven.
The pound was surprisingly resilient
<http://www.topforexnews.com/2013/03/29/uk-pound-steady-as-long-weekend-begins/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
in March, considering all the problems Britain's economy has. The
Bank of England helped the currency as it did not expand stimulus
<http://www.topforexnews.com/2013/03/07/uk-pound-gets-boost-from-boe-decision/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
, though the economic weakness may yet force the bank to add
stimulating measures.
Despite all the worries, riskier currencies, including the Canadian
<http://www.topforexnews.com/2013/03/06/usdcad-jumps-after-boc-meeting/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
, the Australian
<http://www.topforexnews.com/2013/03/16/aud-gains-vs-other-majors-over-the-week/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
and the New Zealand dollar
<http://www.topforexnews.com/2013/03/14/rbnz-does-not-anticipate-higher-interest-rates-this-year/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
, performed very good, especially against weaker majors like the euro
and the yen.
Gold posted gains in March, especially after Cyprus' crisis increased
investors' demand for refuge
<http://www.commodityblog.com/commodity-prices-gold/cyprus-news-turns-advantageous-for-gold?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
. Yet the rally was not strong
<http://www.commodityblog.com/commodity-prices-gold/bailout-for-cyprus-reduces-haven-demand-gold-falters?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
and it looks like it may falter (or even has ended already)
*
Interest rate changes in March*
Hungary
5.25%
-0.25%
5.00%
Mexico
4.50%
-0.50%
4.00%
Poland
3.75%
-0.50%
3.25%
Republic of India
8.75%
-0.25%
8.50%
Turkey
8.50%
-1.00%
7.50%
*
Top 5 Forex brokers of the last month*
The top 5 Forex brokers, as reviewed by the visitors of EarnForex.com
<http://www.earnforex.com/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
are the following:
HY Markets
<http://www.earnforex.com/forex-brokers/HYMarkets?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— 10
Tradenext
<http://www.earnforex.com/forex-brokers/Tradenext?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— 10
3TG FX
<http://www.earnforex.com/forex-brokers/3TGFX?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— 10
Armada Markets
<http://www.earnforex.com/forex-brokers/ArmadaMarkets?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— 10
IC Markets
<http://www.earnforex.com/forex-brokers/ICMarkets?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— 10
To qualify for the position in this list, a Forex broker should have
at least 3 qualified reviews. Do not forget to review your favorite
broker
<http://www.earnforex.com/forex-brokers/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
if you have not done so already.
*
Forex e-books*
One new Forex book has been published on EarnForex.com since
the last issue of the newsletter:
The String Prediction Models as an Invariants of Time Series in Forex
Market
<http://www.earnforex.com/forex-e-books/advanced-forex-trading/The%20string%20prediction%20models%20as%20an%20invariants%20of%20time%20series%20in%20forex%20market.pdf>
by R. Pincak and M. Repasan
You can always browse the previously
uploaded books
<http://www.earnforex.com/forex-e-books/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
.
*
Forex articles*
One new Forex article has been published on EarnForex.com since
the last issue of the newsletter:
Tell Tale Signs of a Forex Scam
<http://www.earnforex.com/articles/tell-tale-signs-of-a-forex-scam?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
You can always browse the previously
uploaded articles
<http://www.earnforex.com/forex-articles?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
.
*
Forex brokers*
Three new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
Boston Prime FX
<http://www.earnforex.com/forex-brokers/BostonPrimeFX?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— a regulated British company with MetaTrader 4 and $10,000 minimum
trading account size.
Vector Securities
<http://www.earnforex.com/forex-brokers/VectorSecurities?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— an unregulated Russian MT4 broker, which you can start with as
little as $20 with. The leverage maximum is 1:500.
Tallinex
<http://www.earnforex.com/forex-brokers/Tallinex?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— an Estonian company with MT4 ECN accounts starting from $100.
UMOFX
<http://www.earnforex.com/forex-brokers/UMOFX?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— an unregulated MT4 broker from New Zealand with account minimum
at $1, 1:500 leverage and fixed 2-pip spread on EUR/USD.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
.
*
Forex VPS providers*
Two new Forex VPS providers have been added to EarnForex.com
since the last issue of the newsletter:
Fozzy
<http://www.earnforex.com/forex-vps-hosting/Fozzy?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— a Dutch VPS hosting company with extremely user-friendly website
and some focus on Forex trading.
QHoster
<http://www.earnforex.com/forex-vps-hosting/QHoster?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
— a hosting company with servers in USA, UK and Germany. They are
in the business since 2004. Their cheapest Windows VPS plan is offered
at a base rate of $19.95/month.
You can always browse the previously
added VPS companies
<http://www.earnforex.com/forex-vps-hosting?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
.
*
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=n201304&utm_medium=web&utm_campaign=n201304>
.
*
MetaTrader expert advisors*
One new expert advisor has been added to EarnForex.com since
the last newsletter issue:
Chart Pattern Helper
<http://www.earnforex.com/metatrader-expert-advisors/ChartPatternHelper?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
You can always browse the previously added
MetaTrader EAs
<http://www.earnforex.com/metatrader-expert-advisors/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
:
When Will Fed Start Raising Interest Rates?
<http://www.earnforex.com/blog/2013/03/when-will-fed-start-raising-interest-rates/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
Do You Use cTrader?
<http://www.earnforex.com/blog/2013/03/do-you-use-ctrader/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
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=n201304&utm_medium=web&utm_campaign=n201304>
.
*
Forum*
Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
started in March:
Is it possible to trade without Emotions?
<http://www.earnforex.com/forum/f4/possible-trade-without-emotions-12794/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
Daily Technical Analysis By ACM Gold
<http://www.earnforex.com/forum/f24/daily-technical-analysis-acm-gold-12733/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
which forex bot is the best
<http://www.earnforex.com/forum/f4/forex-bot-best-12891/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
GBPUSD: Resumes Broader Weakness.
<http://www.earnforex.com/forum/f7/gbpusd-resumes-broader-weakness-12766/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
Am I on the right track?
<http://www.earnforex.com/forum/f4/am-i-right-track-12907/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
We have completely revised
<http://www.earnforex.com/blog/2013/03/major-broker-ratingreview-system-update/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
how the rating/review system works on EarnForex.com
RoboForex
<http://www.earnforex.com/forex-brokers/RoboForex?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
now offers accounts with cTrader
<http://www.earnforex.com/blog/2013/03/ctrader-platform/?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
platform.
FXOpen
<http://www.earnforex.com/forex-brokers/FXOpen?utm_source=n201304&utm_medium=web&utm_campaign=n201304>
is now regulated by FSA of the United Kingdom.
MetaQuotes adds one-click trading
panel <http://forum.mql4.com/54431>
to its MetaTrader 4 platform.
MetaTrader 5 is now certified <http://www.mql5.com/en/forum/11418/>
by CME
Group
<http://www.cmegroup.com/globex/trading-cme-group-products/trading-applications/isv.html>
— one of the biggest exchanges in the world.
*
Until the next newsletter issue!*
That's all for the April 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=n201304&utm_medium=web&utm_campaign=n201304>
.
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