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EarnForex.com Monthly Newsletter
*April 3rd, 2012*
Welcome to the latest issue of EarnForex.com newsletter — April
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 March*
*EUR/USD* — posted an easily spotted V-pattern in March. It was at
the maximum at 1.3385 on March 27, at its minimum at 1.3003 on March
15, finishing the month at 1.3341.
*GBP/USD* — behaved similarly to EUR/USD but with a more bullish
bias. The highest monthly rate was at 1.6036 on March 30, while the
lowest — at 1.5602 on March 12. GBP/USD finished March trading at
1.6014.
*USD/JPY* — went up with a correction near the end of the month.
The pair rose to as high as 84.17 on March 15, reaching a bottom at
80.58 on March 6 and closing the month with the 82.85 rate.
*EUR/JPY* — posted a small bearish wave, proceeded to a strong
bullish one and ended the month in a tight range. The monthly high was
at 111.43 on March 21, the monthly low — at 105.64 on March 6.
Trading ended at 110.52 for this currency pair.
*GBP/JPY* — didn't differ much from EUR/JPY in March. The maximum
level for this pair was at 133.48 on March 21, while the minimum —
at 126.54 on March 6. The month's trading ended at 132.69 for GBP/JPY.
*
Fundamental background of the past month*
While there's some minor improvement with the Greek debt problems (if
any
improvement is possible after what many analysts call a default), the
situation
with Spain's debt
worsens
<http://www.topforexnews.com/2012/03/12/euro-higher-on-greece-but-could-sink-on-spain/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
in Europe.
concerns regarding its ability to sustain the high levels of growth,
sending
demand for riskier currencies down.
The People's Republic of China also
decides
<http://www.topforexnews.com/2012/03/27/yuan-appreciates-as-china-plans-to-allow-more-flexibility/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
to move towards a higher level of flexibility in the exchange rate of
its yuan.
Ben Bernanke
signals
<http://www.topforexnews.com/2012/03/26/us-dollar-weaker-on-bernankes-comments/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
stimulating plans, deemed as the third round of quantitative easing
(QE3) by many
Forex market participants.
OECD
urges
<http://www.topforexnews.com/2012/03/27/euro-pulls-back-as-oecd-talks-about-firewall-needs/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
European countries to increase the size of the monetary union's
bailout fund.
*
Interest rate changes in March*
Country
Old Rate
Change
New Rate
Brazil
10.50%
-0.75%
9.75%
Iceland
5.75%
+0.25%
6.00%
Norway
1.75%
-0.25%
1.50%
Romania
5.50%
-0.25%
5.25%
Singapore
0.19%
-0.01%
0.18%
*
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=n201204&utm_medium=web&utm_campaign=n201204>
are the following:
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
— 8.3
Universal FX
<http://www.earnforex.com/forex-brokers/UniversalFX?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
— 6.8
AFM
<http://www.earnforex.com/forex-brokers/AdvancedFinancialMarkets?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
— 6.6
Hotspot FX
<http://www.earnforex.com/forex-brokers/HotspotFX?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
— 6.5
FXGreece
<http://www.earnforex.com/forex-brokers/FXGreece?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
— 6.5
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_source=n201204&utm_medium=web&utm_campaign=n201204>
.
*
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=n201204&utm_medium=web&utm_campaign=n201204>
.
*
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=n201204&utm_medium=web&utm_campaign=n201204>
.
*
Forex VPS providers*
One new Forex VPS provider has been added to EarnForex.com
since the last issue of the newsletter:
Nirvana
<http://www.earnforex.com/forex-vps-hosting/Nirvana?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
— VPS service specialized in Forex traders; offers pre-installed
MetaTrader, a library of EAs and basic price of $45. Free trial
available.
You can always browse the previously
added VPS companies
<http://www.earnforex.com/forex-vps-hosting?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
.
*
MetaTrader indicators*
One new MetaTrader indicator has been added to EarnForex.com
since the last issue of the newsletter:
Position Size Calculator
<http://www.earnforex.com/metatrader-indicators/Position-Size-Calculator?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
You can always view the previously
uploaded
Forex indicators
<http://www.earnforex.com/metatrader-indicators?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
.
*
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=n201204&utm_medium=web&utm_campaign=n201204>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
:
Is trading execution speed important in Forex?
<http://www.earnforex.com/blog/2012/03/trade-execution-speed-poll/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
What personal traits are most important in trading?
<http://www.earnforex.com/blog/2012/03/forex-traders-crucial-traits-poll/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
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=n201204&utm_medium=web&utm_campaign=n201204>
.
*
Forum*
Top 5 hot topics on EarnForex Forum
<http://www.earnforex.com/forum/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
started in January:
PAMM trading
<http://www.earnforex.com/forum/f4/pamm-trading-9519/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
Forex news providers
<http://www.earnforex.com/forum/f5/forex-news-providers-9387/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
Scalping - and orders denied
<http://www.earnforex.com/forum/f4/scalping-orders-denied-6655/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
nonlinear Ehlers filter
<http://www.earnforex.com/forum/f12/nonlinear-ehlers-filter-9508/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
Question About EA Backtest and Live Test
<http://www.earnforex.com/forum/f26/question-about-ea-backtest-live-test-9523/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
MetaQuotes <http://www.metaquotes.net/>
company
announces
<http://www.earnforex.com/blog/2012/03/atc-2012-is-on-its-way/?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
the Automated Trading Championship for this year.
EXNESS
<http://www.earnforex.com/forex-brokers/EXNESS?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
introduces 1:2000 leverage for the Forex accounts under $1,000.
MetaTrader 5 is now certified <http://www.mql5.com/en/forum/6380>
for the use in the Global Board of Trade <http://www.gbot.mu/>
(GBOT, Mauritius).
*
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 contact me
<http://www.earnforex.com/contact?utm_source=n201204&utm_medium=web&utm_campaign=n201204>
.
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