What All Forex Traders Need to Know About the Major Currency Pairs
2008-09-06 19:19:00 By Simon ParthIn Forex trading, a group of currency pairs known as "the major currency pairs" constitute over 85% of daily foreign exchange volume. Because there is so much volume for these currency pairs, they are generally regarded as safer to trade; their massive volume ensures that it is relatively easy to find a buyer or seller to take the other side of your trade.The major currency pairs are outlined below. It is worth noting that the US dollar is a part of all major currency pairs, a fact resulting largely from the US dollar's role as the world's reserve currency. Should the US dollar lose its status as the world's reserve currency, the major currency pairs may lose their significance for traders - or, alternatively, a new group of currency pairs may earn the title of "major currency pairs."Euro/US dollar. The Euro/US dollar (EURUSD) currency pair is the most active currency pair traded in the Forex market. The fact that the Euro is used by many European countries, coupled...
nternet Marketing VS Forex Currency Trading
2008-06-07 20:07:00 Have you noticed that when someone's trying to sell you something — such as a system for making money — they always make it look far easier than it is?Let's look at two Internet businesses, almost as diametrically opposed as it's possible to be — Internet Marketing and Forex Currency Trading.You've probably heard the old Internet adage — build a better website and they will come. Well it ain't true!You could put up a site advertising dollars for a dime and they still wouldn't come — because they wouldn't know where to look!Let's look at what you need to have in place in order to build a successful Internet marketing business.First of all, you need a product. If you've been reading the recent Internet marketing blurb you'll know you need a niche product.Actually, the new thing is sub-niche but whatever they call it, you need a product for which there is high demand but low supply.Finding a suitable niche is the hardest part of the whole process but let's say you ...
By: forex for you
Forex Killer - Cheat your way through Forex Trading
2008-05-15 12:29:00 The Forex market, with sales of more than 1.4 trillion dollars is the largest liquid market known today. Also known as the Foreign Exchange Market or FX, Forex is one of finance's most lucrative markets offering real possibilities of success for individuals and or financial institutions.
By: ArticleRow.com
Currency Trading Advice
2008-05-12 22:41:00 I wanted to take this time to share with everyone some currency trading advice. This business is the largest market place on the planet. You can practically trade at all hours of the day and profit from the comfort of your own home. This is the advice I'd give to anyone planning on entering this business.When you get your first forex platform, you're going to have the ability to use what is called a demo account. These are great because they allow you to simulate making trades in the real live market. The reason this is great is because you can practice strategies for hundreds of trades until you're confident it is good enough. Along with making a lot of these real live trades, you can the experience necessary to become a better currency trader.The next thing you need to understand is that you need to be calculated. All this means is you're not going to make decisions on gut feelings or here say. You're going to do it on calculated numbers. This is the emotionless way to trade....
By: Learn Forex
Best Trading Systems - Find a Currency Trading System for big consistent lo
2008-05-12 00:00:00 Currency trading systems can make you money and they are very time efficient but you have to shop around the vast majority will wipe you out quickly. The good news is there are ones out that can make big consistent profits and to find them you simply have to check a few points which are ...
By: 2Bull Forex Blog
Profitable Currency Trading Guaranteed - Too Good to be True?
2008-05-12 00:00:00 With the advent of the World Wide Web, currency trading has become increasingly popular among retail traders all over the world. The high leverage and 24-hour trading times are just some of the many benefits of trading currencies. Along the boom in the number of currency traders came various websites offering to sell ?guaranteed profitable currency ...
By: 2Bull Forex Blog
Currency Trading Rates - How to Read Them
2008-05-10 00:00:00 Foreign Exchange (or Forex) trading has grown in popularity in the last ten years. There are new traders entering the market every day, and the daily trading volume in this financial market is ever-increasing. Unlike most other financial trading markets, currencies are not traded on their own, but rather in pairs. The trading of currency pairs ...
By: 2Bull Forex Blog
Online Forex Trading Tips - Currency Trading Guide
2008-05-06 16:03:00 Forex trading tips guide to the foreign exchange currency market. Easy to understand guide for teaching beginners how to trade the forex foreign curr1 Vote(s)
By: JeQQ it
Setting Up Forex Orders For Hands-Off Profits
2008-04-21 07:00:00 forex trading can be fun and lucrative, but if not done properly, it can also take more time than you have to manage it. In order to have your Forex trades managed the way you want them to be, you can set up Forex orders. These orders will request that your broker buy, sell or ...
By: Resources zone
Forex Trading Fundamentals: Good News for the Dollar
2008-04-19 07:00:00 Over the past six months it seems like almost every major finance magazine has published an article related to the weakness of the dollar. If you are a currency trader like I am then this topic is particularly relevant to you because you need to know what the long-term trends of each currency are so ...
By: Resources zone
Forex Currency Trading - How To Make Consistent Profits In 4 Simple Steps
2008-04-18 10:33:00 Forex, currency trading whatever you wish to call it is an opportunity to build wealth however, the fact remains 95% of traders lose money. This is not because they can't make money but because they make simple errors. This article is designed to put you on the road to forex profits in 4 simple steps.Step 1 - It's up to YOUNo one can give you success for no effort so forget all the automatic forex trading systems and forex robots people try and sell you on the net which for a few hundred dollars are going to make you rich - they won't!Mind you, if you are serious about forex trading you knew the above already so, what you need to do it to this.Step 2 - Work Smart NOT HardForget about all the mentors or gurus trying to sell you secrets there are none - forex trading is down to learning the right information and getting the right forex education. This should not take long a couple of weeks maximum.Keep in mind you don't get paid for effort in forex trading, you get paid for being ...
By: Learn Forex
Forex Currency Trading - How to Make Consistent Profits in 4 Simple Steps
2008-04-17 18:43:00 Forex, currency trading whatever you wish to call it is an opportunityto build wealth however, the fact remains 95% of traders lose money.This is not because they can't make money but because they make simpleerrors. This article is designed to put you on the road to forexprofits in 4 simple steps. Step 1 - It's up to YOU No one can give you success for no effort so forget all the automaticforex trading systems and forex robots people try and sell you on thenet which for a few hundred dollars are going to make you rich - theywon't! Mind you, if you are serious about forex trading you knew the above already so, what you need to do it to this. Step 2 - Work Smart NOT HardForget about all the mentors or gurus trying to sell you secrets thereare none - forex trading is down to learning the right information andgetting the right forex education. This should not take long a coupleof weeks maximum. Keep in mind you don't get paid for effort in forex trading, you get paid for being right...
Automatic Forex Trading - Use These Simple Tips to Pick the Best Trading Sy
2008-04-16 19:04:00 Automatic trading software is seen by many as a great way to trade forex markets. It requires no previous experience, is very time efficient and the good ones can build long term. How do you choose the ones that make money let’s find out… More: continued here
Getting Started in Currency Trading Winning in Todays Hottest Marketplace
2008-04-16 01:01:00 Getting Started in Currency Trading is both an introduction and reference tool for beginning and intermediate foreign exchange (Forex) traders. This information-packed resource opens with a description of the Forex market and a section of clearly defined Forex terms with examples. You’ll learn how to open your own trading account by following step-by-step instructions and ...
What To Learn As A Forex Currency Trading Beginner
2008-04-12 23:18:00 If you are a Forex currency trading beginner, your first order of business is to get yourself informed. Forex trading can truly be highly profitably. However, without knowing its essentials, you will not earn one single dollar from it and may even lose your investment. Do you know that the Forex market is the biggest financial market in the world? You may think that the stock market is big enough, but it can not quite measure up the size of the Forex market. Even if you add the futures market to the stock market, the Forex market would still have a bigger amount of money being traded every day. The door of the Forex market was opened to highly wealthy people only in the past, and you would be asked to present millions of dollars before your entry. Thanks to the presence of online trading companies, average investors can also have their share in this exciting field today. That being said, you still need to be able to afford the risk of financial loss. In its simplicity, Forex trading...
Currency Trading Basics - 6 Tips to Trade Like a Pro Quickly
2008-04-10 00:00:00 Here are some currency trading basics in the form of tips which if you follow them, will get you on the road to forex trading profits quickly and can help you enter the elite 5% of traders, who make the really big profits. The tips below are in no particular order of importance - but there ...
By: 2Bull Forex Blog
In Currency trading, you too can have a future!
2008-04-02 07:04:00 Have you watched The Pursuit of Happiness starring Will Smith and his son? It’s a heartrending drama about a man who strives to reach his dreams while holding on to his son despite the difficulties it presented. Although I don’t usually cry when watching movies, this one actually made my heart hurt that I badly ...
By: Gio's Weblog
Online Currency Trading Seminar, Currency Trading Answers…Tutorials
2008-03-30 06:43:00 Do currencies behave differently depending on the time of day? Start finding out the answers by attending our free seminar. If you’re going to trade something, you better know what it is you’re trading. This currency site will help you get up to speed on foreign currency … http://www.freewebs.com/currenc-ies-trading
Online Currency Trading Seminar, Currency Trading Answers…Tutorials
2008-03-30 06:43:00 Do currencies behave differently depending on the time of day? Start finding out the answers by attending our free seminar. If you’re going to trade something, you better know what it is you’re trading. This currency site will help you get up to speed on foreign currency … http://www.freewebs.com/currenc-ies-trading
Futures Trading Contracts And Futures Market Exchanges
2008-03-28 09:52:00 Contracts in the futures market are between a buyer and seller. The contract states that the seller must provide the buyer a very specific quantity of a certain item, such as cotton, oil etc, for a price agreed today, but at a date in the future.
By: ArticleRow.com
Online Currency trading made easy
2008-03-27 05:06:00 Citigroup Inc. today started operating its first U.S. online currency-trading platform aimed at individuals and small hedge funds, one of the fastest-growing segments of the foreign-exchange market. Share on Facebook
By: koolgizmo
Currency Trading Online Guide!
2008-03-27 03:46:00 I’m sure that you must have heard of currency trading. But do you really understand what it is all about? Through currency trading, an investor buys and sells these currencies with the goal of making a profit http://www.freewebs.com/currenc-ies-trading
Currency Trading Online Guide!
2008-03-27 03:46:00 I’m sure that you must have heard of currency trading. But do you really understand what it is all about? Through currency trading, an investor buys and sells these currencies with the goal of making a profit http://www.freewebs.com/currenc-ies-trading
Currency Trading Tutorial - Forex for Beginners
2008-03-27 00:00:00 What Is A Currency Pair? A currency pair refers to the two currencies that are involved in a foreign exchange trade. For example, if you want to buy the Japanese Yen using U.S. Dollars, you would look at the quoted price for the USD/JPY currency pair (USD = U.S. Dollar; JPY = Japanese Yen). Basically, the currency ...
By: 2Bull Forex Blog
Making Money Online and Forex Currency Trading
2008-03-24 16:33:00 There is a way to make money online for every different type of person under the sun, one of which is a currency trading investment vehicle known as Forex. Forex currency trading is gaining popularity as a means of generating money online. For those who are unfamiliar with this concept, Forex refers to a market ...
By: Arizona Music
Universal Currency Exchange Training
2008-03-23 07:00:00 Universal currency exchange is an important investment these days. We can be making money in a short time span with currency trading. Universal currency exchange is really good for the financial health of the world, but we must be very wise when we need to choose a Forex broker. Money is not easy with Forex but in the long run you can succeed with the right resources. Here we are going to talk about technical analysis using Foex and its importance as part of any Forex training.We use the technical analysis to get the price action using indicators and charts. But most indicators do not perform very well in the volatile conditions of currency exchange markets. There is too much ups and downs of the Forex market. You must use indicators when the market has low volatility and on a larger time frame. This is the reason why many of us stay away from these kinds of markets, but we must know that volatility is good if you are trading the right way. You must know that Forex is the most volat...
Forex Trading Software Online Posted By : nelson smith
2008-03-18 06:03:00 Forex Currency Training is hailed as being one of the hottest trading markets in the world today. It has even taken the Online Marketing Business by storm and many well established Internet Marketers are switching to this very lucrative alternative to making fast money.This is a great business not only for experienced Business folk, but ...
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 $2 a share,...
The Easy Forex Guide Forex Market Outlook And Currency Trading News
2008-03-15 15:00:00 The Dollar ended the week sharply lower on intensifying views the U.S was headed into a recession. No single piece of data highlighted the concerns as much as Non-Farm Payrolls on Friday which confirmed a decline in -63k jobs for the month of February, with future markets fully pricing in 75bp rate cut on March 18. Both ISM indices showed further contraction with ISM manufacturing index deteriorated once more with a reading of 48.3 in February lowest reading since April 2003. ISM non-manufacturing index rebounded strongly from 44.6 to 49.3 in February yet remained below the 50 level still indicating a contraction. The Euro saw the ECB keep it call rate on hold at 4.00% as widely expected. The Euro rallied after the ECB downplayed any prospects of an interest rate cut, reaching all time highs of 1.5378 against the US dollar, and set new levels of 1.5465 in the lead up to NFP on Friday. The Euro closed last week at week at 1.5335 having opened at 1.5184. The Japanese Yen the BoJ also ...
Forex for Newbies: A Quick Currency Trading Tutorial
2008-03-14 19:39:00 So, you want to learn how to trade currency on the foreign exchange market? The process of trading currencies appears very straight-forward on the surface; but, there is more to it than meets the eye. The currency trading tutorial you’re about to receive here will give you a basic idea of how things works. However, you ...
The Easy Forex Guide Forex Market Outlook And Currency Trading News
2008-03-14 14:38:00 · U.S. Dollar Trading (USD) depreciated further on the high today as traders reacted to the probable bankruptcy of a major hedge fund, Carlyle Capital, is said to have defaulted on US$ 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...
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...
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 ...
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...
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...
Venture into Currency Trading through Forex Posted By : iAuto Parts
2008-03-08 11:14:00 Through the forex directory of the site, you will know which provider can serve you with the most useful information on forex trading. Credit scores hold a lot of importance today. Your credit score will affect you in many ways other than securing a loan. To improve your credit score first you must understand how credit scores work. Read more about Credit and Personal Finance.
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 ...
Avoiding Pitfalls on Online Currency Trading Forex
2008-03-08 07:11:00 Foreign Exchange markets was established when the floating exchange rates started to materialize. It is an inter-dealer or inter-bank market based from the numerous networks of major banks worldwide. It is also called an OTC or Over the Counter market because the transactions are done between any counter parties who agree to trade through an ...
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...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-06 21:13:00 · 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 ...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-06 10:09:00 · U.S. Dollar Trading (USD) eased against a number of majors as ADP employment (often considered a preview to Non Farm Payrolls) came in significantly worse than expectations. According to the report, the US labour force was seen to have lost -23K jobs during the month of February, well below the forecasted rise of 20K jobs and previous 130K reading. The USD woes were compounded further as Services ISM came in at 49.3, although higher than expectations, still below the key 50 level, indicating an ongoing contraction in the sector. The Service sector contributes to 70% of the US economy, economic slowdown remains prominent. In U.S. share markets the NASDAQ was up by 70.90 points (+0.80%) whilst the Dow Jones was also up by 41.19 points (+0.34%). Crude oil traded at fresh record highs on Wednesday on news that US inventories fell throughout the last week, despite OPEC members leaving quotas unchanged. Crude rose by US$4.96 a barrel to US$104.48. Looking ahead Pending Home Sales for th...
How Currency Trading Works
2008-03-06 07:25:00 Q. How Does Currency Trading Work A. Currency is traded in pairs (for example AUD/USD), the cross rate refers to how much of one currency you can buy by selling the other. If the quote for the AUD/USD is 0.94, this means I can buy 0.94 USD (94 cents) for every $1 AUD I own. Now, lets ...
Forex Trader Training - Dont Ask, Dont Tell Posted By : Harold Hsu
2008-03-06 05:03:00 Humans are social creatures. As children, we learned about the ways of the world by observing the people around us. Weve been conditioned to take cues from others regarding how we should behave… More: continued here
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-05 17:15:00 The forex trading week previewIn the States; data this week is expected to continue to signal a U.S. recession, Manufacturing ISM on Monday, and Services ISM on Wednesday. Pending Home sales and initial jobless claims on Thursday, whilst the much anticipated Non Farm Payrolls heads a heavy data for the first Friday of the month, followed by Unemployment Rate. With his comments having such a drastic impact on the markets last week, Fed Vice Chairman Kohn is once again speaking on Friday. We will provide our previews and reviews of these data releases in the daily summary.In the Eurozone; PMI Manufacturing and CPI figures on Monday will start the proceedings for a busy week out of the EZ. Whilst GDP, Retail Sales and PMI Services continue the theme into Wednesday. However that would be overshadowed by the ECB interest rate announcement on Thursday, and as always Trichet post press conference. In the UK; The BoE meets on Thursday and no change is expected. On the data calendar this wee...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-04 15:55:00 · U.S. Dollar Trading (USD) was mixed versus a number of majors, as equity markets was a cause for plenty of volatility on Friday. On the data front, inflation reported by the PCE deflator accelerated to its fastest pace in over two years, yet consumer confidence was at its lowest level in 16 years with the Michigan sentiment survey, whilst Chicago PMI was at 6 year lows. However the big mover in the markets was from reports that the world?s largest insurer, American International Group reported 5.3bln quarterly loss, prompting a broad sell off in equities. In U.S. share markets the NASDAQ was down by -60.09 points (-2.58%) whilst the Dow Jones also fell by -315.19 points (-2.51%). Crude oil fell by US$0.80 a barrel to US$101.79. Looking ahead, ISM manufacturing figures are scheduled for release with forecasts lying at 48 for the month February, lower then the previous 50.7.· The Euro (EUR) held firm against the Dollar, despite a number of other majors suffering on a cross yen sell ...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-04 15:53:00 U.S. Dollar Trading (USD) was subject to an extremely volatile session on Monday trading at fresh record lows versus a number of majors, before pairing those losses. The initial moves against the dollar were largely attributed to traders adding to bets that the Federal Reserve will look to cut rates by 50 bps on March 18. On the data front, ISM manufacturing came in slightly better then expectations at 48.3 (Forecast: 48). In U.S. share markets, the NASDAQ was up by 7.93 points (+0.09%) whilst the Dow Jones fell slightly by -7.49 points (-0.06%). Crude oil rose by US$0.56 a barrel to US$102.40, having earlier hit a record high of US$103.95. Looking ahead, Fed Chairman Ben Bernanke is scheduled to talk on mortgage foreclosures at 1400 GMT. · The Euro (EUR) traded at a fresh record high during the session, before comments made by Luxembourg Prime and Finance Minister Jean Claude Juncker said he was becoming ?increasingly concerned? about the Euro?s recent rally, which ceased any furth...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-02 05:59:00 EUR/USD finally broke out from a multi-month consolidation as well as prior high of 1.4966 last week, surging to new record high of 1.5238. From a short term angle, with 4 hours MACD dragged below signal line, an intraday high might be in place at 1.5238 on overbought condition. Below 1.5123 will confirm this case and bring pull back. Though, downside should be contained well by 1.4966 resistance turned support and bring rally resumption. Above 1.5238 will indicate rise has indeed resumed for next short term upside target of 61.8% projection of 1.3360 to 1.4966 from 1.4438 at 1.5431.In the bigger picture, decisive break of 1.4966 and 1.5 key resistance (61.8% projection of 0.8223 to 1.3668 from 1.1639 at 1.5004) confirms that medium term up trend from 1.1639 has resumed. Also, regardless of internal structure, it is treated as resumption of long term up trend from 0.8223 (00 low) to 1.3668 (04 high). Further rally is now expected towards 100% projection of 0.8223 to 1.3668 from 1.70...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-01 16:00:00 The Dollar had a quiet week in terms of data, although the little data was made public was initially dollar supportive; the US dollar did trade to 2-week lows against a number of major currencies after a string of weak data prompted investors to expect further Federal Reserve rate cuts. The Euro was on the other side of the coin stable data a cause for investors to scale back expectations the next move by the ECB would in fact be a rate cut. The EUR closed the week at 1.4804 having started at 1.4680. The Japanese Yen was boosted earlier in the week on risk aversion, and speculation the People Bank of China was poised to hike rates to counter an overheating economy an inflation rising to an 11 year high. Although the there was no move by the PBoC and BoJ minutes citing low inflationary concerns in Japan the main reason for a 9 to 0 vote in holding rates this month. The JPY ended the week at 107.37 having opened at 107.82. The GBP began the week under considerable pressure but returne...
Learn Forex/Currency Trading Online
2008-03-01 06:35:00 If you would like to learn Forex currency trading online you have come to the right place. This website contains many articles on basic information you need to know including; - What currency trading is and all the technical terms you should be familiar with. - How the Forex market works and when it?s open for business. - ...
The Easy Forex Guide, Forex Market Outlook And Currency Trading News
2008-03-01 01:52:00 · U.S. Dollar Trading (USD) remained battered against a number of majors yesterday as Bernanke reconfirmed that major slowdowns in the economy. US economic growth was unrevised at an annual pace of 0.6 % in the 4th quarter which was weaker than the forecasted 0.7 % due to subsiding home sales and slumping inventories. GDP grew 2.2 % for all of 2007, which was the slowest since 2002, adding to further concerns on a fully blown recession. In U.S. share markets, NASDAQ was down by -22.21 points (-0.94%) whilst the Dow Jones was also down -112.10 points (-0.88%). Crude oil rose by US$3.15 a barrel to record highs of US$102.80. Looking ahead, key data in the form of Core PCE figures, Chicago PMI and Michigan Sentiment Survey are sure to create plenty of interest in final trading day for February.· The Euro (EUR) continued to strengthen against the dollar with signs of a weakening US labor market pointing to further rate cuts by the Fed. Analysts forecast Euro momentum to continue unless ... |
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