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EarnForex.com Monthly Newsletter
*December 6th, 2011*
Welcome to the latest issue of EarnForex.com newsletter — December
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 November*
*EUR/USD* — demonstrated a significant drop in November, paring its
October growth. It was at the maximum at 1.3870 on November 1, at its
minimum at 1.3212 on November 25, finishing the month at 1.3442.
*GBP/USD* — went down in November with a small recovery during the
last day of the month. The highest monthly rate was at 1.6129 on
November 8, while the lowest — at 1.5422 on November 25. GBP/USD
finished August trading at 1.5696.
*USD/JPY* — demonstrated a U-like pattern with the bottom in
mid-November. The pair rose to as high as 78.97 on November 1,
reaching a bottom at 76.57 on November 18 and closing the month with
the 77.57 rate.
*EUR/JPY* — lost almost all of its October gains in November. The
monthly high was at 109.23 on November 1, the monthly low — at
102.48 on November 25. Trading ended at 104.29 for this currency pair.
*GBP/JPY* — showed the same pattern as EUR/JPY but with more
directional moves. The maximum level for this pair was at 126.78 on
November 1, while the minimum — at 119.35 on November 25. The
month's trading ended at 121.78 for GBP/JPY.
*
Fundamental background of the past month*
November started off with the news that Greece
won't
<http://www.topforexnews.com/2011/11/03/no-referendum-in-greece-traders-less-concerned/?utm_campaign=n201112>
be holding a referendum to leave eurozone. But then,
suddenly
<http://www.topforexnews.com/2011/11/10/euros-biggest-drop-since-august-2010/?utm_campaign=n201112>
,
Italy took Greece's place as the major eurozone troublemaker. With
bigger debt
it threatened the integrity of the whole monetary union. Meanwhile,
developing
nations struggled to keep their currencies afloat (namely, India,
Hungary and
South Africa). November was also marked by the poor performance of
the German
Bunds. The markets were also affected by the bad news from China —
lower exports and
GDP
growth
<http://www.topforexnews.com/2011/11/25/record-drop-of-yuan-since-july-2010/?utm_campaign=n201112>
reports. The last days of the month brought credit
rating
<http://www.topforexnews.com/tag/credit-rating/?utm_campaign=n201112>
downgrades
from the biggest agencies to Portugal, Hungary and Belgium. A glimpse
of
optimism flickered on November 30th when Fed
<http://www.federalreserve.gov/>
with 5 other central banks
(Bank of Canada <http://www.bankofcanada.ca/>
,
Bank of England <http://www.bankofengland.co.uk/>
,
Bank of Japan <http://www.boj.or.jp/en/>
,
ECB <http://www.ecb.int/>
and
SNB <http://www.snb.ch/>
)
cut
<http://www.earnforex.com/blog/2011/11/eurusd-surges-on-unexpected-fed-announcement/?utm_campaign=n201112>
interest rates on the USD liquidity swaps.
*
Interest rate changes in November*
Country
Old Rate
Change
New Rate
Eurozone
1.50%
-0.25%
1.25%
Australia
4.75%
-0.25%
4.50%
South Africa
6.00%
-0.50%
5.50%
Denmark
1.55%
-0.35%
1.20%
Brazil
11.50%
-0.50%
11.00%
Hungary
6.00%
+0.50%
6.50%
*
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?utm_campaign=n201112>
— 7.5
Universal FX
<http://www.earnforex.com/forex-brokers/UniversalFX?utm_campaign=n201112>
— 7.3
Trading Point
<http://www.earnforex.com/forex-brokers/TradingPoint?utm_campaign=n201112>
— 7.3
Tadawul FX
<http://www.earnforex.com/forex-brokers/TadawulFX?utm_campaign=n201112>
— 7.1
ATC Brokers
<http://www.earnforex.com/forex-brokers/ATCBrokers?utm_campaign=n201112>
— 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/>
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_campaign=n201112>
.
*
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?utm_campaign=n201112>
.
*
Forex brokers*
One new Forex broker has been added to EarnForex.com since the
last issue of the newsletter:
AFBFX
<http://www.earnforex.com/forex-brokers/AFBFX?utm_campaign=n201112>
— a Cypriot Forex broker with MetaTrader 4, WebTrader and mobile
trading platforms. Offers low minimum account size of $50, leverage up
to 1:500 and micro-Forex trading. Non-interest accounts are available.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_campaign=n201112>
.
*
Forex VPS providers*
One new Forex VPS provider has been added to EarnForex.com
since the last issue of the newsletter:
Host1Plus
<http://www.earnforex.com/forex-vps-hosting/Host1Plus?utm_campaign=n201112>
— a very scalable VPS hosting with free 14-days trial and servers
hosted in Germany.
You can always browse the previously
added VPS companies
<http://www.earnforex.com/forex-vps-hosting?utm_campaign=n201112>
.
*
MetaTrader indicators*
One new MetaTrader indicator has been added to EarnForex.com
since the last issue of the newsletter:
Pinbar Detector
<http://www.earnforex.com/metatrader-indicators/Pinbar-Detector?utm_campaign=n201112>
You can always view the previously
uploaded
Forex indicators
<http://www.earnforex.com/metatrader-indicators?utm_campaign=n201112>
.
*
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_campaign=n201112>
.
*
Forex polls*
Three new polls have been posted on the EarnForex blog
<http://www.earnforex.com/blog/?utm_campaign=n201112>
:
How many brokers did you trade with?
<http://www.earnforex.com/blog/2011/11/how-many-forex-brokers-did-you-trade-with/?utm_campaign=n201112>
What order types do you use?
<http://www.earnforex.com/blog/2011/11/popularity-of-order-types-in-forex/?utm_campaign=n201112>
Do you use partial profit taking?
<http://www.earnforex.com/blog/2011/12/do-you-use-partial-profit-taking/?utm_campaign=n201112>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_campaign=n201112>
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/?utm_campaign=n201112>
.
*
Forum*
Top 5 hot topics on EarnForex Forum
<http://www.earnforex.com/forum/?utm_campaign=n201112>
started in October:
FRACTAL
<http://www.earnforex.com/forum/f12/fractal-8633/?utm_campaign=n201112>
Is there Black Monday or Tuesday for anyone else ?
<http://www.earnforex.com/forum/f4/there-black-monday-tuesday-anyone-else-8638/?utm_campaign=n201112>
ECN or normal trading.
<http://www.earnforex.com/forum/f4/ecn-normal-trading-8567/?utm_campaign=n201112>
Short/Long Only Trades
<http://www.earnforex.com/forum/f13/short-long-only-trades-8608/?utm_campaign=n201112>
help choose a broker!
<http://www.earnforex.com/forum/f10/help-choose-broker-8598/?utm_campaign=n201112>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
RoboForex
<http://www.earnforex.com/forex-brokers/RoboForex?utm_campaign=n201112>
launches
live trading accounts with MetaTrader 5 platform, tests WebTrader and
Android
trading platform.
FxPro
<http://www.earnforex.com/forex-brokers/FxPro?utm_campaign=n201112>
opens up an
office in Australia.
*
Until the next newsletter issue!*
That's all for the December issue of the EarnForex.com
newsletter. If you have questions, comments or just want to see
something else
in the next monthly issue, please contact me
<http://www.earnforex.com/contact?utm_campaign=n201112>
.
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