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EarnForex.com Monthly Newsletter
*June 5th, 2012*
Welcome to the latest issue of EarnForex.com newsletter — June
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 May*
*EUR/USD* — headed straight down with almost no bullish bars at
all. It was at the maximum at 1.3283 on May 1, at its minimum at
1.2336 on May 31, finishing the month at 1.2364.
*GBP/USD* — declined with an even steeper slope than EUR/USD. The
highest monthly rate was at 1.6246 on May 1, while the lowest — at
1.5359 on May 31. GBP/USD finished May trading at 1.5404.
*USD/JPY* — also fell significantly last month. The pair rose to as
high as 80.54 on May 16, reaching a bottom at 78.20 on May 31 and
closing the month with the 78.30 rate.
*EUR/JPY* — went down, reaching a new record low. The monthly high
was at 106.20 on May 1, the monthly low — at 96.50 on May 31.
Trading ended at 96.83 for this currency pair.
*GBP/JPY* — fell extremely fast in May. The maximum level for this
pair was at 130.15 on May 1, while the minimum — at 120.14 on May
31. The month's trading ended at 120.63 for GBP/JPY.
*
Fundamental background of the past month*
Greece was the main source of fundamental news in the foreign
exchange market
in May. Despite the growing economic output in leading European
countries, the
political and fiscal troubles in Greece combined with the worsening
situation
in banking system of Spain have moved the euro down at an
extraordinary pace.
Greece May legislative elections were followed by an unsuccessful
attempt to
form government, resulting in new elections planned for June. There
is much
doubt that the political parties that win the elections will be
accepting new
austerity measures required to contain the crisis. The talks of
Greece
leaving eurozone
<http://www.topforexnews.com/2012/05/23/euro-tanks-as-greece-exit-considered-more-likely/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
became highly popular in May. Meanwhile, Spain is now even
more
likely
<http://www.topforexnews.com/2012/05/30/spains-troubles-send-euro-lower/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
to become the next greece.
Commodities — gold, silver, but mainly oil — were badly
harmed by the situation in the eurozone. Demand for them (both
speculative and
real) has diminished greatly, pushing the prices down. And with
commodities fell
the commodity-dependent currencies, e.g.: Canadian dollar, Russian
ruble and
Australian dollar.
*
Interest rate changes in May*
Country
Old Rate
Change
New Rate
Australia
4.25%
-0.50%
3.75%
Brazil
9.00%
-0.50%
8.50%
Denmark
0.70%
-0.10%
0.60%
Iceland
7.00%
-0.50%
6.50%
Poland
4.50%
+0.25%
4.75%
*
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=n201206&utm_medium=web&utm_campaign=n201206>
are the following:
Universal FX
<http://www.earnforex.com/forex-brokers/UniversalFX?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— 6.8
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— 6.3
FastBrokers
<http://www.earnforex.com/forex-brokers/FastBrokers?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— 6.2
MB Trading
<http://www.earnforex.com/forex-brokers/MBTrading?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— 6.2
Trading Point
<http://www.earnforex.com/forex-brokers/TradingPoint?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— 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*
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=n201206&utm_medium=web&utm_campaign=n201206>
.
*
Forex articles*
One new Forex article has been published on EarnForex.com since
the last issue of the newsletter:
8 Tips To Improve Your Forex Trading
<http://www.earnforex.com/articles/8-tips-to-improve-your-forex-trading?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
by Karl Marrion
You can always browse the previously
uploaded articles
<http://www.earnforex.com/forex-articles?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
.
*
Forex brokers*
Three new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
Infin Markets
<http://www.earnforex.com/forex-brokers/InfinMarkets?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— a Forex broker regulated by CySEC. Offers NetTradeX platform and
accounts from as little as $1.
FxGlory
<http://www.earnforex.com/forex-brokers/FxGlory?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— a newly launched UAE company with $100 minimum account size and
MetaTrader 4 trading platform.
FIBO
<http://www.earnforex.com/forex-brokers/FIBO?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— a Forex broker regulated by both CySEC and FSA. They offer both
MT4 and MT5 platform. The minimum account size is $300.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
.
*
Forex VPS providers*
One new Forex VPS provider has been added to EarnForex.com
since the last issue of the newsletter:
vpsforextrader.com
<http://www.earnforex.com/forex-vps-hosting/vpsforextrader.com?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
— a specialized Forex VPS with $24.99 minimum monthly rate.
You can always browse the previously
added VPS companies
<http://www.earnforex.com/forex-vps-hosting?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
.
*
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=n201206&utm_medium=web&utm_campaign=n201206>
You can always view the previously
uploaded
Forex indicators
<http://www.earnforex.com/metatrader-indicators?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
.
*
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=n201206&utm_medium=web&utm_campaign=n201206>
.
*
Forex polls*
Three new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
:
Where Will EUR/USD End May?
<http://www.earnforex.com/blog/2012/05/eurusd-in-may-2012-poll/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
How Probability-Literate Are You?
<http://www.earnforex.com/blog/2012/05/probability-literacy-among-forex-traders-poll/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
What Part of Day Is Best for You to Trade?
<http://www.earnforex.com/blog/2012/06/what-is-the-best-time-of-day-to-trade/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
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=n201206&utm_medium=web&utm_campaign=n201206>
.
*
Forum*
Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
started in May:
How is your trading?
<http://www.earnforex.com/forum/f4/how-your-trading-9845/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
Who are the top best Forex traders in world?
<http://www.earnforex.com/forum/f4/who-top-best-forex-traders-world-9818/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
History Repeats Itself: Predict Forex Shifts Through Analyzing The
Past
<http://www.earnforex.com/forum/f4/history-repeats-itself-predict-forex-shifts-through-analyzing-past-9910/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
what do you prefer high or low risk?
<http://www.earnforex.com/forum/f4/what-do-you-prefer-high-low-risk-9879/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
Emotions And Forex Trading Don't Mix
<http://www.earnforex.com/forum/f4/emotions-forex-trading-dont-mix-9794/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
Saxo Bank
<http://www.earnforex.com/forex-brokers/Saxobank?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
enters Turkish Forex market.
CySEC <http://www.cysec.gov.cy/>
is to begin
regulating
<http://www.cysec.gov.cy/Downloads/Greek/Announcements/2012/%CE%95%CE%A0%CE%95%CE%A5/%CE%91%CE%BD%CE%B1%CE%BA%CE%BF%CE%AF%CE%BD%CF%89%CF%83%CE%B7%2005.03.2012%20%CF%83%CF%87%CE%B5%CF%84%CE%B9%CE%BA%CE%AC%20%CE%BC%CE%B5%20%CE%B5%CF%80%CE%BF%CF%80%CF%84%CE%B5%CE%AF%CE%B1%20%CF%84%CF%89%CE%BD%20Binary%20Options.pdf>
the binary options industry soon.
MetaQuotes <http://www.metaquotes.net/>
sues
Xogee <http://www.xogee.com/>
over MT4 license violation.
MetaQuotes announces <http://www.mql5.com/en/forum/6714>
integration
of its MetaTrader 5 platform with Integral FX Grid
<http://www.integral.com/products/fx_grid.htm>
.
FXCM
<http://www.earnforex.com/forex-brokers/FXCM?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
launches its app store for currency traders.
MetaQuotes opens registration
<http://www.earnforex.com/blog/2012/06/do-not-forget-to-register-for-atc-2012/?utm_source=n201206&utm_medium=web&utm_campaign=n201206>
for its
Automated Trading Championship 2012
<http://championship.mql5.com/2012/en>
.
*
Until the next newsletter issue!*
That's all for the June 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=n201206&utm_medium=web&utm_campaign=n201206>
.
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