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EarnForex.com Monthly Newsletter
*July 10th, 2012*
Welcome to the latest issue of EarnForex.com newsletter — July
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 June*
*EUR/USD* — managed to recover in June despite some end-month
weakness. It was at the maximum at 1.2745 on June 18, at its minimum
at 1.2286 on June 1, finishing the month at 1.2664.
*GBP/USD* — rose even fast than its pan-European counterpart. The
highest monthly rate was at 1.5776 on June 20, while the lowest — at
1.5266 on June 1. GBP/USD finished June trading at 1.5704.
*USD/JPY* — went upwardly with a slight mid-month decline. The pair
rose to as high as 80.61 on June 20, reaching a bottom at 77.65 on
June 1 and closing the month with the 79.79 rate.
*EUR/JPY* — was bullish last month. The monthly high was at 101.60
on June 21, the monthly low — at 95.55 on June 1. Trading ended at
101.02 for this currency pair.
*GBP/JPY* — recovered about a half of its May losses in June. The
maximum level for this pair was at 125.81 on June 21, while the
minimum — at 118.75 on June 1. The month's trading ended at 125.26
for GBP/JPY.
*
Fundamental background of the past month*
June was a very mixed month in terms of fundamentals. The political
news were
quite good and increased the investors' hunger for risk. At the same
time, the
real economic indicators such as GDP, employment and inflation were
quite bad
and close to horrible in some parts of the world.
Some countries (China, Singapore and some European nations) had to
cut the
interest rates last month, amidst the growth of the borrowing costs
for
governments.
A $100
billion bailout
<http://www.topforexnews.com/2012/06/11/euro-jumps-on-bailout-for-spain/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
was granted to the Spanish banking system.
Greek parliamentary elections resulted
<http://www.topforexnews.com/2012/06/18/pro-bailout-politicians-win-in-greece-euro-down-anyway/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
in the pro-bailout party victory, which eased the situation around
this country.
The Federal Reserve did
not
<http://www.topforexnews.com/2012/06/23/no-qe3-from-fed-means-weekly-gains-for-dollar/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
announce much-talked-about QE3, but extended its Operation Twist.
Meanwhile, United Kingdom officially entered recession
<http://www.topforexnews.com/2012/06/29/pound-drops-as-britain-in-recession/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
.
The last days of month were affected positively
<http://www.topforexnews.com/2012/06/29/euro-rebounds-as-summit-positively-surprises-traders/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
by the European Union summit.
While oil, gold and silver showed mixed price action, the agriculture
commodities gained due to the adverse weather conditions in June.
*
Interest rate changes in June*
Country
Old Rate
Change
New Rate
Australia
3.75%
-0.25%
3.50%
Czech Republic
0.75%
-0.25%
0.50%
China
6.56%
-0.25%
6.31%
Denmark
0.60%
-0.15%
0.45%
Iceland
6.50%
+0.25%
6.75%
Singapore
0.18%
-0.01%
0.17%
*
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=n201207&utm_medium=web&utm_campaign=n201207>
are the following:
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— 6.3
Universal FX
<http://www.earnforex.com/forex-brokers/UniversalFX?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— 6.8
Advanced Markets
<http://www.earnforex.com/forex-brokers/AdvancedMarkets?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— 6.2
ATG Marketplex
<http://www.earnforex.com/forex-brokers/ATG?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— 6.2
FXSystems.com
<http://www.earnforex.com/forex-brokers/FXSystems.com?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— 6.1
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*
Two new Forex books have been published on EarnForex.com since
the last issue of the newsletter:
Point & Figure for Forex
<http://www.earnforex.com/forex-e-books/beginner-forex-trading/Point-and-Figure-for-Forex.pdf>
by James Chen
Point and Figure Charting: a Computational Methodology and Trading
Rule Performance in the S&P 500 Futures Market
<http://www.earnforex.com/forex-e-books/advanced-forex-trading/Point-and-Figure-Charting-a-Computational-Methodology-and-Trading-Rule-Performance-in-the-SP500-Futures-Market.pdf>
by John A. Anderson and Robert W. Faff
You can always browse the previously
uploaded books
<http://www.earnforex.com/forex-e-books/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
.
*
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=n201207&utm_medium=web&utm_campaign=n201207>
.
*
Forex brokers*
Five new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
Capital CFDs
<http://www.earnforex.com/forex-brokers/CapitalCFDs?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— a broker regulated Australia and UK and with a focus on CFD
trading. Offers low minimum account size and its own trading platform
in addition to popular MT4.
Forex Broker Inc.
<http://www.earnforex.com/forex-brokers/ForexBrokerInc?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— an offshore company with $5 minimum, MetaTrader 4 platform and
leverage up to 1:500.
SkyFx
<http://www.earnforex.com/forex-brokers/SkyFx?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— a CySEC-regulated company with MT4 platform and $500 minimum
account size.
BlackStoneFx
<http://www.earnforex.com/forex-brokers/BlackStoneFx?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— an unregulated UAE company with $200 minimum and a big variety
of trading instruments.
SmartTradeFX
<http://www.earnforex.com/forex-brokers/SmartTradeFX?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
— another unregulated MetaTrader 4 Forex broker with a claimed ECN
execution combined with just $100 minimum account size.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
.
*
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=n201207&utm_medium=web&utm_campaign=n201207>
.
*
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=n201207&utm_medium=web&utm_campaign=n201207>
.
*
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=n201207&utm_medium=web&utm_campaign=n201207>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
:
Anything About Forex That You Cannot Comprehend?
<http://www.earnforex.com/blog/2012/06/anything-about-forex-that-you-cannot-comprehend/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
Trading Forex While on Vacation?
<http://www.earnforex.com/blog/2012/07/trading-forex-while-on-vacation/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
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=n201207&utm_medium=web&utm_campaign=n201207>
.
*
Forum*
Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
started in June:
how to read wicks shadow
<http://www.earnforex.com/forum/f26/how-read-wicks-shadow-10027/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
Stop loss or Take Profit??
<http://www.earnforex.com/forum/f4/stop-loss-take-profit-10098/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
Quick Poll
<http://www.earnforex.com/forum/f26/quick-poll-10072/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
Trading binary options
<http://www.earnforex.com/forum/f26/trading-binary-options-10212/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
Forex broker in Cyprus
<http://www.earnforex.com/forum/f10/forex-broker-cyprus-10039/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
4XP
<http://www.earnforex.com/forex-brokers/4XP?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
now supports MetaTrader 5 platform.
Axiory
<http://www.earnforex.com/forex-brokers/Axiory?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
opens office in Malta.
Interbank FX rebrands to IBFX
<http://www.earnforex.com/forex-brokers/IBFX?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
.
OANDA
<http://www.earnforex.com/forex-brokers/Oanda?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
now offers platinum and palladium for trading.
InstaForex
<http://www.earnforex.com/forex-brokers/InstaForex?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
launches new iteration of its Lotus Evora drawing
<http://www.forexbonus.com/bonuses/drawings/lotus-evora/?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
.
FXDD
<http://www.earnforex.com/forex-brokers/FXDD?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
violates NFA <http://www.nfa.futures.org/>
rules, namely using the
asymmetric slippage.
NFA shuts down PFG Best
<http://www.earnforex.com/forex-brokers/PFGBest?utm_source=n201207&utm_medium=web&utm_campaign=n201207>
.
Traders are allowed to close their positions.
*
Until the next newsletter issue!*
That's all for the July 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=n201207&utm_medium=web&utm_campaign=n201207>
.
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