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Forex World Market Overview
2008-04-06 17:42:00
Forex Market Overview The global marketplace has changed dramatically over the past several years. New investment strategies are becoming more important in order to minimize risk, as well as to maintain high portfolio returns. Among the most rewarding of the markets opening up to traders is the Foreign Exchange market. Identifiable trading patterns, as well as comparatively low margin requirements, have rewarding trading opportunities for many. In contrast to the world?s stock markets, foreign exchange is traded without the constraints of a central physical exchange. Transactions are instead conducted via telephone or online. With this transaction structure as its foundation, the Foreign Exchange Market has become by far the largest marketplace in the world. Average volume in foreign exchange exceeds $1.5 trillion per day versus only $25 billion per day traded on the New York Stock Exchange. This high volume is advantageous from a trading standpoint because transactions can be execut...
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The Daily Forex Market Outlook
2008-04-06 15:03:00
The dollar recovered from early losses versus the euro and sterling but failed to rally against the yen on Friday. The dollar was uncharacteristically resilient in the face of some troubling economic data, with a closely-watched government jobs report signalling the US economy has slipped into recession.Employment fell by more than expected in the month of March, according to a report released by the Department of Labor on Friday.The report showed that non-farm payroll employment fell by 80,000 jobs in March following a revised decrease of 76,000 jobs in February. The drop in jobs marked the biggest decrease since March of 2003. Analysts were expecting a decline of around 50,000 jobs.The dollar slipped to a 4-day low of 1.5772 versus the euro, but was able to claw back to 1.5715. The dollar has recovered since testing March's record low of 1.5905 on Monday.There was only a trickle of economic news out of Europe on Friday. The Federal Ministry of Economics and Technology said German...
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The Daily Forex Market Outlook
2008-04-05 15:33:00
The Dollar continued in its run of poor economic data, mounting pressure on the greenback. Although Existing home sales figures to start the week were released at 7 month highs, data out of the U.S. failed to follow suit for the rest of the week with poor consumer confidence figures in particular. The Michigan Sentiment survey was released at 69.5 on Friday confirmed it lowest reading in 16 years. The Euro was buoyed by German IFO and a hawkish ECB in the middle part of the week pushing the Euro to an all time high of 1.5905. The Euro closed last week at 1.5783 having opened at 1.5335. The Japanese Yen was generally weaker and as always tracked equity markets. On the data front the CPI figures on Friday grew at there fastest pace in a decade. The USDJOY closed last week at 99.45 having opened at 99.30. The GBP was pressured following a dovish BoE concerned with a slowdown in economic growth for 2008. The GBPUSD traded with a low of 1.9923 having opened at 2.0173. The AUD had little ...
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The Daily Forex Market Outlook
2008-04-04 06:07:00
· U.S. Dollar Trading (USD) overnight remained stable amongst all other major currencies in anticipation of Non Farm Payrolls, which is to be released on Friday. In data news, the ISM Non-Manufacturing report proved to be an improvement on expectations, coming in at 49.6, up 0.3 from last month. However, this is still below the key 50 point range indicating it is still contracting. Other news released overnight saw jobless claims surge from 38k to 407k, the highest rating in three years. In U.S share market news the NASDAQ was up a poultry 1.90 points to 2363.30 and the Dow Jones improved 20.20 points to 12626.03. Oil fell by US$1.00 a barrel to US$103.83 amid supply concerns. Looking ahead, the Non Farm Payrolls report is due out at 12:30GMT with forecasts suggesting -60, an improvement from last month?s -63. Jobs data remains the focus this week with Unemployment rate also being released for March with expectations of an increase to 5%, up from 4.8% from last month.· The Euro (EUR...
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The Daily Forex Market Outlook
2008-04-03 11:06:00
· U.S. Dollar Trading (USD) paired much of it recent gains as Fed Chairman Bernanke noted further declines in the world?s largest economy would continue to contract in the first half of 2008, conceding for the first time the likelihood of recession. In other news, ADP employment reports for the month of March grew by 8k jobs well above forecasts of -48k (Previous: -23k), prompting traders to foresee a better Non Farm Payrolls release come Friday. However any further gains were limited following Bernanke?s dovish comments where ?it appears likely that real gross domestic product will not grow much, if at all, over the first half of 2008 and could even contract slightly." In U.S. share markets the NASDAQ was up by 15.97 points (+0.18%) whilst the Dow Jones fell by -48.53 (-0.38%). Crude oil rebounded by US$ 3.85 a barrel to US$ 104.83 following a decline in US inventories. Ahead on Thursday, key data in the form of ISM services is made public with economists forecasting a figure of 48...
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The Daily Forex Market Outlook
2008-04-02 07:59:00
· U.S. Dollar Trading (USD) the dollar rallied across the board on positive ISM Manufacturing figures were released above expectations, coming in at 48.6 for the month of March (Forecast: 47.5), yet below the key 50 contraction target. In other news, further uncertainty surrounded Financials causing a volatile equities market with UBS the world?s largest wealth manager confirming a loss of 15 billion CHF for the first quarter of 2008. However, news of Lehman Brothers injection of fresh capital ($4 billion) prompted markets to view it as a sign the worst of the credit crunch appears to be over. In U.S. share markets the NASDAQ was up by 291.20 (+3.31%) whilst the Dow Jones also rallied by 391.47 points (+3.19%). Crude oil fell for the third consecutive day by US$0.30 a barrel to US$100.17. Looking ahead, Fed Chairman Bernanke is scheduled to speak in front of a joint economic committee, whilst ADP employment will once again pose as precursor to Non Farm Payrolls this Friday.· The Eur...
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The Daily Forex Market Outlook
2008-04-01 15:56:00
U.S. Dollar Trading (USD) was choppy losing ground versus a number of majors in the early part of the New York session, yet any further negativity was capped on a surprisingly boisterous reading in Chicago PMI, which rose to 48.2 for the month of March (Previous: 44.5; Forecast: 46.5). That said the figure still remained below the 50 level, signaling a contraction rather than an expansion in output. In U.S. share markets the NASDAQ was up by 18 points (0.4%) whilst the Dow Jones was also up by 46 pts (0.4%). Crude oil fell by US$3.47 a barrel to US$100.30 on news that outflow from Iraq will be fully restored. Looking ahead, ISM Manufacturing is expected to come in at 47.5 for the month of February, below the previous release of 48.3.· The Euro (EURO) rallied after a European Union report showed consumer prices accelerated at the fastest pace in almost 16 years this month. In other news ECB member Liikanen mentioned that the outlook of growth in Europe had become ?more subdued?, whil...
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The Daily Forex Market Outlook
2008-03-31 16:00:00
· U.S. Dollar Trading (USD) was choppy losing ground versus a number of majors in the early part of the New York session, yet any further negativity was capped on a surprisingly boisterous reading in Chicago PMI, which rose to 48.2 for the month of March (Previous: 44.5; Forecast: 46.5). That said the figure still remained below the 50 level, signaling a contraction rather than an expansion in output. In U.S. share markets the NASDAQ was up by 18 points (0.4%) whilst the Dow Jones was also up by 46 pts (0.4%). Crude oil fell by US$3.47 a barrel to US$100.30 on news that outflow from Iraq will be fully restored. Looking ahead, ISM Manufacturing is expected to come in at 47.5 for the month of February, below the previous release of 48.3.· The Euro (EURO) rallied after a European Union report showed consumer prices accelerated at the fastest pace in almost 16 years this month. In other news ECB member Liikanen mentioned that the outlook of growth in Europe had become ?more subdued?, wh...
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The Daily Forex Market Outlook
2008-03-30 06:00:00
The USD$ is stronger in the O/N trading session. Currently it is higher against 13 of the 16 most actively traded currencies in another disinterested trading range as the market continues to struggle with direction. Yesterday as expected, US 4th Q real GDP remained at +0.6% q/q. Several components were revised upwards, especially in the services sector. Personal consumption growth was revised up to +2.3% vs. +1.9%. Services exports almost doubled (+13.2%). This pushed overall export growth up to +6.5% q/q from +4.8%. But, offsetting these gains was a downward revision to gross private investment and government consumption combined with a large contraction in inventories. Despite all this, the medium trend remains the same, with the services sector continuing to dominate both domestic and export growth, posting pretty decent gains in 4th Q, while private investment, including the residential housing sector, continues to subtract from GDP. Going forward, we will likely see softer numb...
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The Daily Forex Market Outlook
2008-03-29 13:49:00
· U.S. Dollar Trading (USD) was firm against a number of majors on the back of a string positive economic data. GDP figures were confirmed at 0.6% for the fourth quarter with an upward revision of consumption to 2.3% from the previous 1.9%. In U.S. share markets the NASDAQ was down 43 pts (-1.9%) whilst the Dow Jones was also down 120 pts (-1.0%). Crude oil rose further by US$1.68 a barrel to US$107.58 following an attack on a fuel pipeline in Southern Iraq. Looking ahead out of the U.S. the Michigan Sentiment survey for the month of March is expected to come in at 70 previous at 70.8. PCE figures for the month of February are also expected to generate plenty of interest.· The Euro (EURO) was range bound for much of the day with data out of the US largely as expected. Overall the EURUSD traded with a low of 1.5727 and a high of 1.5848 before closing the day at 1.5778 in the New York session.· The Japanese Yen (JPY) rose for the first time in four days against the Euro on speculation...
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The Daily Forex Market Outlook
2008-03-27 15:13:00
· U.S. Dollar Trading (USD) fell as New Home Sales (Feb) fell for the fourth straight month by 1.8% to a 13 year low as the housing slump continued. In other data, Durable Goods for the month of February declined by -1.7% below expectations. In U.S. share markets the NASDAQ was down 16 pts (-0.71%) whilst the Dow Jones was also lower by 109 pts (-0.88%). Crude Oil spiked by US$4.68 a barrel to US$105.90 on fears of declining oil productions. Fourth quarter GDP figures are expected to come in at 0.6% as previous.· The Euro (EURO) surged higher on poor US data, and further boosted by strong reading in the German IFO index, as businesses sentiment in the Europe largest economy continued to grow in confidence. In other news, ECB president maintained the banks view on fighting inflationary pressures as their number one agenda. Overall the EURUSD traded with a low of 1.5587 and a high of 1.5833 before closing the day at 1.5832 in the New York session. Gfk Consumer Confidence for the month...
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The Daily Forex Market Outlook
2008-03-26 14:50:00
· U.S. Dollar Trading (USD) saw second tier data in the form of Consumer Confidence for the month of March decline to its lowest level in five years in retrospect of recent woes and fears that the economy had fallen into a recession. As a result, the USD traded lower against a number of majors upon the data release. In U.S. share markets the NASDAQ was up slightly 1.50 points (+0.08%) whilst the Dow Jones down 16 points (-0.13%). Crude oil rose by US$0.36 a barrel to US$101.22 following reports of a workers strike in Gabon, which had halted 60,000 barrels of output. Looking ahead key data out of the U.S. will include Durable Goods for the month of February, in which economists expect the figures to come in at 0.8%, above previous figures of -5.3%. Other data includes that of New Home sales also for the month of February which is forecasted to show a rise of 580k (Previous: 588k).· The Euro (EURO) saw the European Central Bank respond to continued liquidity strains by injecting funds...
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The Daily Forex Market Outlook
2008-03-26 14:28:00
U.S. Dollar Trading (USD) market closure due to Good Friday holidays ensured thin volumes of trading in light of recent volatility. All financial markets were closed on the 21st of March; ensuring stock remained unchanged from Thursday?s close. Crude oil fell slightly on Friday, in follow through from recent commodity sell offs, falling by US$0.81 a barrel to US$101.03. Trading is scheduled to resume on Monday, with data including Existing Home Sales for the month of February. Economists are forecasted that the figures will decline from 4.89 mln to 4.85 mln.· The Euro (EURO) was also subject to a quiet day to market holidays, instead finding interest from Asian markets and currencies. Overall the EURUSD traded with a low of 1.5405 and a high of 1.5472 before losing the day at 1.5446. Market s remain closed on Monday for Easter Monday.· The Japanese Yen (JPY) was the only major market open on Friday as the Japanese Yen traded sideways tracking stock prices. Overall the USDJPY traded w...
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The Daily Forex Market Outlook
2008-03-26 12:12:00
· U.S. Dollar Trading (USD) was mixed versus all other majors in a light start to the week. With a majority of markets remaining closed due to Easter Monday holidays, the US returned from a long weekend in which Existing Home Sales were made public. The figures for the month of February were well above expectations, coming in at 5.03 mln (Forecast: 4.85 mln; Prior: 4.89 mln), the strongest release in seven months. In other news, the much publicized buy out of Bear Stearns gained in momentum yesterday, with reports that JP Morgan were looking to upgrade their bid to $10 a share. In U.S. share markets the NASDAQ was up 142.05 points (+1.63%) whilst the Dow Jones also rallied by 187.32 points (+1.52%). Crude oil fell by US$0.98 a barrel to US$100.86 on extended commodity declines.· The Euro (EURO) was subject to a quiet session falling on positive housing data out of the U.S. Overall the EURUSD traded with a low of 1.5343 and a high of 1.5456 before closing the day at 1.5418 in the New...
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The Daily Forex Market Outlook
2008-03-23 16:33:00
The euro moved higher vis-à-vis the U.S. dollar today tested offers around the US$ 1.5470 level and was supported around the $1.5405 level. Liquidity was thin on account of the start of the Easter holiday weekend and liquidity will also be reduced on Easter Monday. The Federal Reserve has confirmed that borrowings this week at its discount window stood at US$ 28.925 billion as of Wednesday, significantly higher than US$ 27 million for the week ending 12 March. The Fed established a new primary dealer credit facility this past weekend and lending totaled US$ 28.8 billion including allocations to Goldman Sachs and Lehman Brothers. Traders are eager to see if there will be more dislocations in the U.S. commercial banking or investment banking sectors. In eurozone news, French consumer spending rose 1.2% m/m and 3.7% y/y in January. Euro bids are cited around the US$ 1.5610 level.¥/ CNYThe yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥99.00 fig...
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The Daily Forex Market Outlook
2008-03-21 22:32:00
Markets around the globe were closed for Good Friday which led to zero volatility in currencies. After a week of wild swings, the quiet trading gives everyone an opportunity to think about what could impact the US dollar in the week ahead. Banks have not been shy about tapping into the Fed?s new liquidity provisions and the recent move in the stock market suggests that the central bank?s efforts have helped to temporarily ease the latest uncertainty in the financial markets. The demise of Bear Stearns could have led to a huge collapse in the stock market, but actions by the Fed have helped stocks end the week higher than its pre-Bear Stearns levels. The biggest problem in the financial markets right now is the fear of counterparty risk. By allowing investment banks to post a broader range of collateral for a longer period of time, the Federal Reserve has in effect, swapped their safe Treasury bonds for dodgier assets such as mortgage backed securities. Unfortunately this will only b...
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The Daily Forex Market Outlook
2008-03-21 17:17:00
U.S. Dollar Trading (USD) rebounded sharply against the majors despite a sell-off in US equities. Reports of hedge funds actively trading commodities and currencies had an impact. Morgan Stanley posted earnings beating the street?s estimate by a sizeable margin, adding to the positive earnings releases from financial institutions thus far this week. The government relaxed capital requirements for the two largest Mortgage brokers Fannie Mae and Freddie Mac thus making available US$200billion of financing for home loans. In U.S. share markets the NASDAQ fell by 58 points (-2.6%) whilst the Dow Jones fell by 293 points (-2.4%). Crude oil pulled back by US$4.94 a barrel to end at US$104.48.· The Euro (EURO) was slightly weaker amidst the rebound in USD against major currencies. Inflationary pressures cited by ECB officials continue to keep the Euro relatively well bid in the face of aggressive rate cuts in the US. Overall the EURUSD traded with a low of 1.5581 and a high of 1.5786 befor...
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The Daily Forex Market Outlook
2008-03-20 20:08:00
U.S. Dollar Trading (USD) continued its rebound on Thursday in light of liquidation in long commodities, which attributed to much of the dollar demand. Data from the U.S. saw the Philly Fed survey improve more than expected coming in at -17.4 for the month of March. In U.S. share markets, the NASDAQ finished higher by 48.15 points (+2.18%) whilst the Dow Jones also rallied, up 261.66 points (+2.16%). Crude oil fell below the US$100 since the 5th of March, before rebounding to end at US$101.44 a barrel. Financial Market s will be closed for Good Friday on the 21st of March.· The Euro (EURO) tumbled on Thursday to extend its decline from 1.5903 record highs reached on the 17th of March, and fell to 151.70 its lowest level since August 2007 against the Japanese Yen. In data news, PMI data was mixed, with manufacturing slightly higher then expectations whilst services were just below. Overall the EURUSD traded with a low of 1.5396 and a high of 1.5650 before closing the day at 1.5435 in ...
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The Daily Forex Market Outlook
2008-03-19 17:19:00
· U.S. Dollar Trading (USD) managed to recoup some losses against the majors in the overnight session on the back of the Federal Reserve decision to cut by 75bps. Market s were expecting a possible 1% cut and initially equity markets were sold off before staging a rally. The FOMC statement stated that the cut ?should help to promote moderate growth over time and to mitigate the risks to economic activity? and ?Downside risks to growth remain.? Also, earnings reports from Lehman Brothers and Goldman Sachs came in positive, prompting markets to seek risk. Housing starts posted a better than previous 1.065mio result compared to an expected 990k. PPI for the month of February came in as expected at 0.3%. In U.S. share markets the NASDAQ closed up by 91 points (4.2%) whilst the Dow Jones finished higher by 420 points (3.5%). Crude oil rallied higher by US$3.56 a barrel to end at US$109.24.· The Euro (EURO) succumbed to selling pressure as the cut in interest rate in the US was viewed as p...
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The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-17 16:38:00
· U.S. Dollar Trading (USD) traded at record lows once again as the credit market stress continued to rear its ugly head. In data related news the Core CPI figures eased from eased from 2.5% to 2.3% (y/y) for the month of February, highlighting the U.S. slowdown. In other news, Bear Stearns received emergency funding by the Federal Reserve and JP Morgan on Friday. In U.S. share markets the NASDAQ was down by 51.12 points (-2.26%) whilst the Dow Jones was also lower by -194.65 points (-1.6%) weighing heavy on a number of high yielding currencies. Crude oil also traded lower by US$0.15 a barrel to end at US$110.15. Looking ahead, the FOMC start their two day meeting today, whilst other key data released on Monday will include the Current Account figures for the fourth quarter (Forecast: -184 bln; Previous: -178.4 bln) and the New York Fed Manufacturing Survey (Forecast: -8 bln; Previous: -11.72 bln). UPDATE: Monday Asian session reveals JP Morgan to acquire Bear Stearns at $2 a share,...
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The Easy Forex Guide Forex Market Outlook And Currency Trading News
2008-03-15 15:00:00
The Dollar ended the week sharply lower on intensifying views the U.S was headed into a recession. No single piece of data highlighted the concerns as much as Non-Farm Payrolls on Friday which confirmed a decline in -63k jobs for the month of February, with future markets fully pricing in 75bp rate cut on March 18. Both ISM indices showed further contraction with ISM manufacturing index deteriorated once more with a reading of 48.3 in February lowest reading since April 2003. ISM non-manufacturing index rebounded strongly from 44.6 to 49.3 in February yet remained below the 50 level still indicating a contraction. The Euro saw the ECB keep it call rate on hold at 4.00% as widely expected. The Euro rallied after the ECB downplayed any prospects of an interest rate cut, reaching all time highs of 1.5378 against the US dollar, and set new levels of 1.5465 in the lead up to NFP on Friday. The Euro closed last week at week at 1.5335 having opened at 1.5184. The Japanese Yen the BoJ also ...
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The Easy Forex Guide Forex Market Outlook And Currency Trading News
2008-03-14 14:38:00
· U.S. Dollar Trading (USD) depreciated further on the high today as traders reacted to the probable bankruptcy of a major hedge fund, Carlyle Capital, is said to have defaulted on US$ 16 billion in margin calls associated with massive mortgage-backed securities positions and is the latest casualty from the ongoing credit market woes. In data news, Retail figures fell by -0.6% from the previous month, below expectations of a rise in 0.2%. In U.S. share markets the NASDAQ was down by 45.93 points (+0.52%) whilst the Dow Jones 35.50 points (+0.29%). Crude oil traded at a fresh intra-day high US$111.00 a barrel on Thursday. Crude rose for a seventh straight day up by US$0.26 a barrel to US$110.18. Looking ahead, CPI figures are released out of the U.S. this evening accompanied by the Michigan Sentiment Survey for the month of March.· The Euro (EUR) traded at a record high of 1.5625 on Thursday on a battered dollar. Overall the EURUSD traded with a low of 1.5523 and a high of 1.5624 bef...
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The Easy Forex Guide Forex Market Outlook And Currency Trading News
2008-03-13 14:55:00
U.S. Dollar Trading (USD) was weaker across the board versus a number of majors trading at record lows once again. Many of the moves were on views from Citigroup Inc. to Goldman Sachs Group Inc. which expect the Federal Reserve's plan to inject $200 billion into the banking system may fail to break the freeze in money-market lending. In U.S. share markets the NASDAQ was down -61.45 points (-0.69%) whilst the Dow Jones was also lower by -46.57 points (-0.38%). Crude oil traded once again at a record high US$109.92 a barrel up by US$1.17 points. Core Retail Sales is the key piece of data out of the U.S. on Thursday.· The Euro (EUR) traded at a record high of 1.5559 as views the recent liquidity injection by the Fed will do little to stabilize markets. Overall the EURUSD traded with a low of 1.5333 and a high of 1.5559 before closing the day at 1.5558 in the New York session.· The Japanese Yen (JPY) came under pressure during the Asian session on rebounding stock prices. Overall the U...
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The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-12 14:16:00
The Dollar ended the week sharply lower on intensifying views the U.S was headed into a recession. No single piece of data highlighted the concerns as much as Non-Farm Payrolls on Friday which confirmed a decline in -63k jobs for the month of February, with future markets fully pricing in 75bp rate cut on March 18. Both ISM indices showed further contraction with ISM manufacturing index deteriorated once more with a reading of 48.3 in February lowest reading since April 2003. ISM non-manufacturing index rebounded strongly from 44.6 to 49.3 in February yet remained below the 50 level still indicating a contraction. The Euro saw the ECB keep it call rate on hold at 4.00% as widely expected. The Euro rallied after the ECB downplayed any prospects of an interest rate cut, reaching all time highs of 1.5378 against the US dollar, and set new levels of 1.5465 in the lead up to NFP on Friday. The Euro closed last week at week at 1.5335 having opened at 1.5184. The Japanese Yen the BoJ also ...
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The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-11 20:07:00
U.S. Dollar Trading (USD) was mixed against a number of currencies on Monday as traders once again looked towards stock prices as a measure of market stability. Reports were circulating that Bear Stearns were faced with liquidity problems (albeit unconfirmed) pushed shares down by 11%, dragging share markets lower with growing concerns on the health of the Financial Sector. In U.S. share markets the NASDAQ was down by 141.90 points (-1.64%) whilst the Dow Jones was also lower by 153.54 points (-1.29%). Crude oil closed lower by US$2.75 a barrel to US$107.90, having earlier touched a record high of US$108.21. Looking ahead, Trade Balance data out of the US for the month of January is expected to be released at -59.7% (Prior: -57.76%).· The Euro (EUR) traded in a defined range as technical?s took advantage of data absent trading day. Views grew that recent rallies on the Euro would be capped at 1.5450 as charts traders use to predict price movements signaled the currency's losses may...
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The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-10 06:48:00
U.S. Dollar Trading (USD) was subject to an abysmal reading in jobs data for the month of February. Non Farm Payroll figures for the month declined by -63k jobs, disappointing expectations of a rebound by 23k jobs whilst previous figures for the month of January were revised lower to -22k compounding the woes on the US economy. Although the figures were in view of a depreciating dollar, market uncertainty, falling stock prices and risk aversion favoured a reprieve on the greenback. In U.S. share markets the NASDAQ was down by -8.01 points (-0.36%) whilst the Dow Jones also fell by -146.70 points (-1.22%). Crude oil prices remained firm above US$105.00 a barrel for much of the session, before declining by a meager US$0.16 to US$105.31.· The Euro (EUR) once again traded at a record high in the lead up to the much anticipated Non Farm Payrolls data out of the world’s largest economy. With figures declining by -63k for the month, the Euro was pressured by falling stock prices and pro...
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Forex Killer Signal Generation Software
2008-03-08 16:00:00
This just may be the best selling forex product on the Internet right now. It is a standalone software product that generates forex trading signals independent of broker or platform.Forex Killer was developed by a fellow by the name of Andreas Kirchberger who used to work for Deutsche Bank as a forex advisor and left his job because as he says " Why should I work and sweat 8 hours a day making other people rich, researching reports and monitoring market movements?" That's when he and two colleagues, a mathematics professor and a behavioral psychologist developed the Forex Killer trading signal generation software system.The biggest advantage to this product in my opinion, is it is a one time fee for the software and THAT'S IT! If you are paying monthly fees for forex trading signals, you know how that can add up. Of course, this is only an advantage if the signals actually produce a significant profit, right? Well, we have searched the Intenet far and wide to find the answer to th...
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The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-08 09:22:00
· U.S. Dollar Trading (USD) was mixed against a number of majors the market is expecting the Federal Reserve to cut interest rates by at least 50 basis points at this month's FOMC meeting due to data pointing to a deteriorating economy. In U.S. share markets the NASDAQ was down by 52.31 points (-2.3%) whilst Dow Jones fell to -214.60 points (-1.75%). Crude oil traded at record highs of US$105.97, before ending at US$105.48. Non Farm Payrolls is the key piece of data on Friday.· The Euro (EUR) The Euro rose to an all-time high against the US dollar after hawkish comments from the European Central Bank as they left rates unchanged at 4.0 percent, as expected. Although record oil prices, higher credit costs, and the Euro's 17% gain versus the greenback in the past year has slowed economic growth in the Euro region, inflation is running at 3.2%, the fastest pace since the Euro's debut in 1999. Overall the EURUSD traded with a low of 1.5263 and a high of 1.5379 before closing the day ...
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Learning Forex
2008-03-08 07:42:00
HCCI - Consumer Confidence IndexThe Conference Board; Last Tuesday of each month, 10:00am EST, covers current month's dataThe CCI is a survey based on a sample of 5,000 U.S. households and is considered one of the most accurate indicators of confidence. The idea behind consumer confidence is that when the economy warrants more jobs, increased wages, and lower interest rates, it increases our confidence and spending power. The respondents answer questions about their income, the market condition as they see it, and the chances to see increase in their income. Confidence is looked at closely by the Federal Reserve when determining interest rates. It is considered to be a big market mover as private consumption is two thirds of the American economy.HCPI - Consumer Price Index; Core-CPIBureau of Labor and Statistics; Around the 20th of each month, 8:30am EST, covers previous month's dataThe CPI is considered the most widely used measure of inflation and is regarded as an indicator of ...
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The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-07 06:00:00
U.S. Dollar Trading (USD) was mixed against a number of majors the market is expecting the Federal Reserve to cut interest rates by at least 50 basis points at this month's FOMC meeting due to data pointing to a deteriorating economy. In U.S. share markets the NASDAQ was down by 52.31 points (-2.3%) whilst Dow Jones fell to -214.60 points (-1.75%). Crude oil traded at record highs of US$105.97, before ending at US$105.48. Non Farm Payrolls is the key piece of data on Friday.· The Euro (EUR) The Euro rose to an all-time high against the US dollar after hawkish comments from the European Central Bank as they left rates unchanged at 4.0 percent, as expected. Although record oil prices, higher credit costs, and the Euro's 17% gain versus the greenback in the past year has slowed economic growth in the Euro region, inflation is running at 3.2%, the fastest pace since the Euro's debut in 1999. Overall the EURUSD traded with a low of 1.5263 and a high of 1.5379 before closing the day at...
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