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EarnForex.com Monthly Newsletter
*March 6th, 2012*
Welcome to the latest issue of EarnForex.com newsletter — March
2012.
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 February*
*EUR/USD* — was mainly in a slow uptrend in February. It was at the
maximum at 1.3486 on February 24, at its minimum at 1.2974 on February
16, finishing the month at 1.3323.
*GBP/USD* — moved sideways and up last month. The highest monthly
rate was at 1.5991 on February 29, while the lowest — at 1.5443 on
February 14. GBP/USD finished February trading at 1.5920.
*USD/JPY* — rallied rapidly. The pair rose to as high as 81.58 on
February 27, reaching a bottom at 76.02 on February 1 and closing the
month with the 81.28 rate.
*EUR/JPY* — like all the yen pairs was in a very strong uptrend.
The monthly high was at 109.83 on February 27, the monthly low — at
99.24 on February 1. Trading ended at 108.30 for this currency pair.
*GBP/JPY* — looked almost the same as the USD/JPY chart. The
maximum level for this pair was at 129.65 on February 27, while the
minimum — at 119.58 on February 1. The month's trading ended at
129.62 for GBP/JPY.
*
Fundamental background of the past month*
United States continue to demonstrate a rather fast growth, while the
concerns
regarding hard landing of the Chinese economy grow. Meanwhile
macroeconomic
reports from the leading European countries and other developed
countries of the
world come out generally better than expected.
A new series of credit rating downgrades
hit
<http://www.topforexnews.com/2012/02/14/yen-gains-after-moodys-downgrades-european-countries/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
European countries.
Bank of Japan
set
<http://www.topforexnews.com/2012/02/14/yen-sinks-as-bank-of-japan-expands-asset-purchases/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
the inflation target to 1 percent, adding pressure on the Japanese
yen.
Greece enters the state of
selective default
<http://www.topforexnews.com/2012/02/28/euro-remains-week-as-sp-reduces-greeces-rating-to-selective-default/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
according to S&P, despite accepting austerity measures.
Oil market surged on Iran export bans, while the price of gold was
performing
unevenly in February.
*
Interest rate changes in February*
Country
Old Rate
Change
New Rate
India
6.00%
+3.50%
9.50%
Indonesia
6.00%
-0.25%
5.75%
Israel
2.75%
-0.25%
2.50%
Romania
5.75%
-0.25%
5.50%
Sweden
1.75%
-0.25%
1.50%
Turkey
12.50%
-1.00%
11.50%
*
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/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
are the following:
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 7.9
CitiFX Pro
<http://www.earnforex.com/forex-brokers/CitiFX?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 7.5
Interactive Brokers
<http://www.earnforex.com/forex-brokers/InteractiveBrokers?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 7.5
GCI Financial
<http://www.earnforex.com/forex-brokers/GCIFinancial?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 7.4
ATG
<http://www.earnforex.com/forex-brokers/ATG?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 6.9
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:
3D Trading
<http://www.earnforex.com/forex-e-books/trading-strategy/3DTrading.pdf>
by Ruben Topaz
You can always browse the previously
uploaded books
<http://www.earnforex.com/forex-e-books/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
.
*
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_source=n201202&utm_medium=web&utm_campaign=n201202>
.
*
Forex brokers*
No new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter, but you can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
.
*
Forex VPS providers*
One new Forex VPS provider has been added to EarnForex.com
since the last issue of the newsletter:
TradersColo
<http://www.earnforex.com/forex-vps-hosting/TradersColo?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— USA VPS servers specializing in Forex trading; cheapest plan is
$35/month.
You can always browse the previously
added VPS companies
<http://www.earnforex.com/forex-vps-hosting?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
.
*
MetaTrader indicators*
No new MetaTrader indicator has 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=n201202&utm_medium=web&utm_campaign=n201202>
.
*
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=n201202&utm_medium=web&utm_campaign=n201202>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
:
What will happen to the eurozone?
<http://www.earnforex.com/blog/2012/02/the-end-of-euro-poll/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Do you use Elliott Wave theory in Forex trading?
<http://www.earnforex.com/blog/2012/02/elliott-wave-theory-does-it-work/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
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_source=n201202&utm_medium=web&utm_campaign=n201202>
.
*
Forum*
Top 5 hot topics on EarnForex Forum
<http://www.earnforex.com/forum/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
started in January:
If the broker gives high bonuses, its a bad broker?
<http://www.earnforex.com/forum/f10/if-broker-gives-high-bonuses-its-bad-broker-9196/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Is Forex a zero sum game?
<http://www.earnforex.com/forum/f26/forex-zero-sum-game-9295/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Want to Try Binary Options!
<http://www.earnforex.com/forum/f17/want-try-binary-options-9331/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
The guide book for Forex investors
<http://www.earnforex.com/forum/f8/guide-book-forex-investors-9257/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Do You Use The Elliott Wave To Trade?
<http://www.earnforex.com/forum/f4/do-you-use-elliott-wave-trade-9261/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
Many
Forex brokers
<http://www.earnforex.com/forex-brokers/CitiFX?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
start offering official iPhone and Android versions of MetaTrader,
substituting
previous unofficial mobile trading apps.
MetaQuotes
integrates its MetaTrader 5 with
CitiFX <http://www.metaquotes.net/>
's
liquidity.
MetaTrader 5 is now used <http://www.mql5.com/en/forum/6297>
in the Dubai Gold and Commodities Exchange <http://www.dgcx.ae/>
(DGCX).
*
Until the next newsletter issue!*
That's all for the March 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_source=n201202&utm_medium=web&utm_campaign=n201202>
.
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