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EarnForex.com Monthly Newsletter
*February 1st, 2012*
Welcome to the latest issue of EarnForex.com newsletter — February
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 January*
*EUR/USD* — declined during the first half of the month, but then
rose significantly in the second one. It was at the maximum at 1.3233
on January 27, at its minimum at 1.2625 on January 16, finishing the
month at 1.3089.
*GBP/USD* — generally repeated the EUR/USD monthly pattern but was
more bullish. The highest monthly rate was at 1.5795 on January 31,
while the lowest — at 1.5234 on January 13. GBP/USD finished January
trading at 1.5764.
*USD/JPY* — the first half of the month was rather flat for this
pair; then it spiked up and then declined rapidly. The pair rose to as
high as 78.28 on January 25, reaching a bottom at 76.15 on January 31
and closing the month with the 76.29 rate.
*EUR/JPY* — was down in the first half of January and up in the
second, but in the end it returned to where it has started. The
monthly high was at 102.20 on January 26, the monthly low — at 97.03
on January 16. Trading ended at 99.87 for this currency pair.
*GBP/JPY* — traded similarly to EUR/JPY but with a lesser decline
in the end of January. The maximum level for this pair was at 122.04
on January 25, while the minimum — at 117.29 on January 13. The
month's trading ended at 120.28 for GBP/JPY.
*
Fundamental background of the past month*
Not long after the month's start Philipp Hildebrand resigned
<http://www.topforexnews.com/2012/01/09/franc-gains-after-hildebrand-resigns/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
from his position as a chairman of the SNB, increasing doubts in the
central
bank's ability to hold the 1.2 floor level in EUR/CHF. Later S&P cut
<http://www.earnforex.com/blog/2012/01/eurusd-at-monthly-high-as-fomc-pledges-keep-low-rates-till-late-2014/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
several eurozone countries' credit ratings, adding more concerns to
the euro
situation, which was already quite uneasy. Nevertheless, Greece
continues
discussions its debt "haircut" with the creditors but the talks end
up with
little success. Federal Reserve announces
<http://www.earnforex.com/blog/2012/01/eurusd-at-monthly-high-as-fomc-pledges-keep-low-rates-till-late-2014/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
that it will keep the interest rates at the current near-zero level
at least
until late 2014.
*
Interest rate changes in January*
Country
Old Rate
Change
New Rate
Brazil
11.00%
-0.50%
10.00%
Chile
5.25%
-0.25%
5.00%
Romania
6.00%
-0.25%
5.75%
Singapore
0.18%
+0.01%
0.19%
Thailand
3.25%
-0.25%
3.00%
*
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>
— 8.1
AFM
<http://www.earnforex.com/forex-brokers/AFM?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 7.0
Hotspot FX
<http://www.earnforex.com/forex-brokers/HotspotFX?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 7.0
ATG
<http://www.earnforex.com/forex-brokers/ATG?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— 6.9
CitiFX Pro
<http://www.earnforex.com/forex-brokers/CitiFX?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:
The 5 Steps to Becoming a Trader
<http://www.earnforex.com/forex-e-books/trading-psychology/The_5_Steps_to_Becoming_a_Trader.pdf>
by unknown author
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:
BW Hosting
<http://www.earnforex.com/forex-vps-hosting/BWHosting?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
— UAE-based VPS company with very expensive hosting plans.
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 was your biggest one-time loss in Forex?
<http://www.earnforex.com/blog/2012/01/biggest-one-time-forex-loss/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
What was your biggest one-time profit in Forex?
<http://www.earnforex.com/blog/2012/01/biggest-one-time-forex-profit/?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:
Hedge ea with error 130
<http://www.earnforex.com/forum/f13/hedge-ea-error-130-a-9045/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
binary data assignment
<http://www.earnforex.com/forum/f23/binary-data-assignment-8919/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Why is Forex suddenly popular?
<http://www.earnforex.com/forum/f4/why-forex-suddenly-popular-9170/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Great Profitable Indicators Discovery | Great combination too!
<http://www.earnforex.com/forum/f12/great-profitable-indicators-discovery-great-combination-too-9147/?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
Overlay Chart
<http://www.earnforex.com/forum/f12/overlay-chart-8939/?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:
MetaTrader 5 gets certified <http://www.mql5.com/en/forum/5872>
by the Singapore Mercantile Exchange <http://www.smx.com.sg/>
(SMX).
Ava FX
<http://www.earnforex.com/forex-brokers/AvaFX?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
,
Admiral Markets
<http://www.earnforex.com/forex-brokers/AdmiralMarkets?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
and Saxo Bank
<http://www.earnforex.com/forex-brokers/Saxobank?utm_source=n201202&utm_medium=web&utm_campaign=n201202>
are now regulated in Australia.
*
Until the next newsletter issue!*
That's all for the February 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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