Dollar Continues to Slide
Posted on 30. Nov, 2009 by admin.
After showing some signs of recovery, the Dollar continued to drop during last week’s session. The Dollar most significant drops were against the Yen and the Euro. The EUR/USD pair is once again trading above the 1.50 level.
The Dollar saw a downtrend despite relatively positive data published from the U.S. economy. The Existing Home Sales [...]
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Dollar Rebounds From 14-year Low vs. Yen
Posted on 27. Nov, 2009 by admin.
The U.S. Dollar rebounded versus most major rivals Thursday, benefiting from safe-haven flows amid fears of a potential sovereign debt default by Dubai. Dubai’s shock move on Wednesday to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company’s $59 billion in liabilities, dented risk appetite across asset markets on [...]
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Dollar Falls to a 15 Month Low
Posted on 26. Nov, 2009 by admin.
The dollar dropped to a 15-month low against most of its major currency pairs yesterday, as generally upbeat U.S. economic data and gains in world stocks eroded the greenback’s safe-haven appeal. By yesterday’s close, the dollar fell 1.4% against the JPY to 87.35, it’s lowest since January. The dollar experienced similar behavior against the EUR [...]
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Dollar Sentiment Pressured by Fed Comments
Posted on 25. Nov, 2009 by admin.
The USD held on to modest gains Tuesday as equities and commodities declined. However, pressure on Dollar sentiment came following the FOMC Meeting Minutes. The Federal Reserve said Tuesday that officials believe the economy is going to recover at a slow rate while unemployment will remain high. These statements affirmed expectations the Federal Reserve will [...]
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USD Falls Amid Gains In The Stock Market
Posted on 24. Nov, 2009 by admin.
Following Monday’s announcement that existing U.S. home sales in November were better then forecasted, Wall Street had an impressive trading day as confidence in the American economy began to return. This in turn led to a less then stellar day for the USD which traders abandoned in favor of riskier currencies such as the EUR. [...]
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Is the Dollar Recovering?
Posted on 23. Nov, 2009 by admin.
The Dollar corrected some of its losses against the Euro and the Pound during last week’s trading session. The Dollar gained about 200 pips against the Euro, and gained almost 400 pips against the Pound as the GBP/USD pair dropped to the 1.6470 level.
The main reason for the Dollar’s recovery seems to be the positive [...]
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Forex Global Trading
Posted on 20. Jul, 2009 by admin.
Forex global trading is a huge unregulated market where the potential to make millions of dollars is endless. There are a wide variety of investment markets such as the stock market, mutual funds, real estate, etc. Why forex global trading above all else? The currency forex online trading involves potential risk when trading but the [...]
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Learn to Trade the Forex
Posted on 20. Jul, 2009 by admin.
What are the rewards of Forex investing over any other types of investments? When thinking about a variety of investments, there is one investment opportunity that really stands out and that is The Forex or Foreign Currency Market. The advantages of forex trading are as follows:
1.The Forex market is open 24 hours, 7 days a [...]
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Forex Charts – How and Why They Work
Posted on 16. Jul, 2009 by admin.
Many forex traders think that you can never win with forex charts, because you need to know the supply and demand fundamentals. On the other hand, there are those forex chartists who believe the charts reflect human nature which is constant and prices can be predicted. Who is right?
The answer is forex charts work – [...]
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7 Advantages Of Trading Forex
Posted on 16. Jul, 2009 by admin.
Foreign Exchange market, abbreviated FOREX or FX, is the largest financial market in the world. Forex traders include many financial institutions, such as large banks or central banks, as well as governments, currency speculators, and multinational corporations. The average daily trade currently exceeds $3 trillion.
Although Foreign exchange trading can be confusing for newbie’s, the market [...]
