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EarnForex.com Monthly Newsletter
*September 5, 2012*
Welcome to the latest issue of EarnForex.com newsletter — September
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 August*
*EUR/USD* — was clearly in an uptrend during the month of August. It
was at the maximum at 1.2637 on August 31, at its minimum at 1.2133 on
August 2, finishing the month at 1.2577.
*GBP/USD* — was bullish last month, but with a bit of uncertainty
during the final days. The highest monthly rate was at 1.5912 on
August 23, while the lowest — at 1.5489 on August 2. GBP/USD
finished August trading at 1.5862.
*USD/JPY* — had not definite trend in August but posted a
medium-term spike during the mid-month. The pair rose to as high as
79.65 on August 20, reaching a bottom at 77.90 on August 1 and closing
the month with the 78.38 rate.
*EUR/JPY* — posted an uptrend but went sideways during the last days
of the month. The monthly high was at 99.18 on August 21, the monthly
low — at 94.92 on August 2. Trading ended at 98.59 for this currency
pair.
*GBP/JPY* — was in a rather strong bullish trend during the first 20
days but declined somewhat during the last decade of the month. The
maximum level for this pair was 125.51 on August 22, while the minimum
— 121.08 on August 3. The month's trading ended at 124.34 for
GBP/JPY.
*
Fundamental background of the past month*
The August markets were ruled by expectations —
negative expectations about Spain and its bailout, and positive
expectations
about Federal Reserve announcing the third round of quantitative
easing (QE3).
Overall, the macroeconomic situation has improved in the world,
with less bad fundamental reports and more optimistic ones coming out
during
the month. This has helped commodity currencies, the euro and the
British pound
to post monthly gains. Additionally, both gold and silver have also
climbed
significantly in August. The bond markets became less stingy for the
governments
of then European states. This has also contributed to the rise in the
risk-associated assets.
Fed's Ben Bernanke has managed to add even more optimism (and
weaken the dollar) by
hinting
<http://www.topforexnews.com/2012/08/31/bernankes-speech-drive-dollar-down/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
at the possible quantitative easing during the last day of Summer at
Jackson
Hole Economic Policy Symposium.
*
Interest rate changes in August*
Country
Old Rate
Change
New Rate
Brazil
8.00%
-0.50%
7.50%
Hungary
7.00%
-0.25%
6.75%
*
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=n201209&utm_medium=web&utm_campaign=n201209>
are the following:
FXCH
<http://www.earnforex.com/forex-brokers/FXCH?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— 6.7
Markets.com
<http://www.earnforex.com/forex-brokers/Markets.com?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— 5.9
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— 5.9
Gallant Capital Markets
<http://www.earnforex.com/forex-brokers/GCMFX?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— 5.8
Universal FX
<http://www.earnforex.com/forex-brokers/UniversalFX?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— 5.8
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=n201209&utm_medium=web&utm_campaign=n201209>
.
*
Forex articles*
Two new Forex articles have been published on EarnForex.com since
the last issue of the newsletter:
Trade Dynamics in Today's Markets
<http://www.earnforex.com/articles/trade-dynamics-in-todays-markets?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
by Yoeurn Srey Sros
Forex Knowledge — 5 Things to Consider Before Trading
<http://www.earnforex.com/articles/forex-knowledge-5-things-to-consider-before-trading?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
by Alexander Collins
You can always browse the previously
uploaded articles
<http://www.earnforex.com/forex-articles?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
.
*
Forex brokers*
Six new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
FXOpen AU
<http://www.earnforex.com/forex-brokers/FXOpenAU?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— an Australian avatar of the FXOpen
<http://www.earnforex.com/forex-brokers/FXOpen>
company. It offers different regulation and trading conditions.
Trading starts with $200 and all accounts are ECN.
Nova Tradex
<http://www.earnforex.com/forex-brokers/NovaTradex?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— an offshore Forex broker with $25 minimum account size and
MetaTrader 4 platform.
Goldboro
<http://www.earnforex.com/forex-brokers/Goldboro?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— a BVI-based company with $500 minimum account size (micro-trading
allowed) and Forex pairs as the only available trading instrument.
Armada Markets
<http://www.earnforex.com/forex-brokers/ArmadaMarkets?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— an Estonian broker with $100 minimum account size and favorable
scalping conditions.
MahiFX
<http://www.earnforex.com/forex-brokers/MahiFX?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— a foreign exchange broker regulated by ASIC. Minimum account size
is only $1 and 0.00001 of a standard lot is the minimum position size.
Atlantic FX
<http://www.earnforex.com/forex-brokers/AtlanticFX?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— a Panamanian ECN broker with a rather high minimum to open an
account — $1,000.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
.
*
Forex VPS providers*
One new Forex VPS provider has been added to EarnForex.com
since the last issue of the newsletter:
Virtrader
<http://www.earnforex.com/forex-vps-hosting/Virtrader?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
— a UK VPS hosting provider specializing in financial trading.
Offers Windows-based packages starting from $39/month payable via
PayPal or wire transfer.
You can always browse the previously
added VPS companies
<http://www.earnforex.com/forex-vps-hosting?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
.
*
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=n201209&utm_medium=web&utm_campaign=n201209>
.
*
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=n201209&utm_medium=web&utm_campaign=n201209>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
:
What Is Your Average EUR/USD Spread?
<http://www.earnforex.com/blog/2012/08/what-is-average-eurusd-spread-you-get/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
What Is Your Primary Language?
<http://www.earnforex.com/blog/2012/08/forex-trading-languages/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
from
EarnForex.com.
*
Forex strategies*
One new Forex strategy has been added to EarnForex.com since
the last issue of the newsletter:
Buy-and-Hold Trading Strategy
<http://www.earnforex.com/forex-strategy/buy-and-hold?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
You can also browse the previously added
Forex strategies
<http://www.earnforex.com/forex-strategy/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
.
*
Forum*
Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
started in August:
Are You Gambling or Trading? Think about this.
<http://www.earnforex.com/forum/f4/you-gambling-trading-think-about-10568/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
Do You Use A Master Template?
<http://www.earnforex.com/forum/f4/do-you-use-master-template-10536/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
Are you happy with your broker?
<http://www.earnforex.com/forum/f10/you-happy-your-broker-10590/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
The gap will be on EUR/USD Next monday ?
<http://www.earnforex.com/forum/f4/gap-will-eur-usd-next-monday-10480/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
is buying a trading system worth it and which?
<http://www.earnforex.com/forum/f26/buying-trading-system-worth-10622/?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
MetaTrader 5 by MetaQuotes <http://www.metaquotes.net/>
gets
certified by BM&FBOVESPA <http://www.bmfbovespa.com.br/>
— Brazil's
biggest financial exchange.
FXOpen
<http://www.earnforex.com/forex-brokers/FXOpen?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
adds support for Payza <https://www.payza.com/>
payment system.
FXPro
<http://www.earnforex.com/forex-brokers/FxPro?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
removes offices from Australia and Cyprus.
RoboForex
<http://www.earnforex.com/forex-brokers/RoboForex?utm_source=n201209&utm_medium=web&utm_campaign=n201209>
launches RoboCopyFX service, which is essentially similar to PAMM or
LAMM.
*
Until the next newsletter issue!*
That's all for the August 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=n201209&utm_medium=web&utm_campaign=n201209>
.
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