The US dollar showed a monthly decline against all of its major counterparts on the Forex market in April, confirming its long-term downward trend even against the currencies closely connected with the US economy. The greenback demonstrated the worst month against the euro since September 2010 an
Prompted by the positive macroeconomic news, the Swiss franc managed to rise to a new record high against the US dollar and to grow against other major currencies today. The Swiss currency benefited from today’s leading economic indicator (KOF Economic Barometer) release that showed that its va
The Chinese yuan rose above the 6.5 level against the US dollar today for several hours before returning to the levels below this important psychological rate. The yuan reference trading rate was moved up to 6.499 per USD by the People’s Bank of China today. The currency is allowed to appreciat
The Russian continued to rise against the US dollar and stabilized against the euro today, following the exceptional intervention measures conducted by the central bank. Bank Rosii (the country’s central bank) released Russia’s International Reserves statistics for the past week today, showin
The Australian dollar continued its 3-day race against its US counterpart today, following the dovish FOMC statement and in expectance of the interest rate hike in Australia. The Aussie rose against the greenback by about 0.7 percent and added slightly against the euro today, while trading near t
The US dollar continues to hold its position of the main Forex news headliner as the FOMC hinted that they consider the inflationary fears are unjustified, offering no plans for credit policy tightening. The greenback fell for the seventh straight day against the euro today and for the first day
The Japanese yen declined against every other Forex-traded currency, including the depreciating US dollar today as the country’s sovereign debt rating outlook was revised by one of the major rating agencies. The Japanese currency managed to fall from the monthly high against the greenback and t
The US dollar is declining all other major currencies except the Great Britain pound as the consumer optimism rises better than expected and the US stock market rallies. The greenback fell for the sixth day in a row against the single European currency today and posted a fifth negative daily resu
Interest Rates defined: Interest rates are LIBOR-based for currencies of disbursement plus a spread which is dependent on the complexity of the transaction and the risk profile of the applicant. The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought,
The presented article covers one of the most important (in author's opinion) aspects of trading in general and Forex trading in particular — managing of orders and positions. This includes choosing entry points, making decisions about exit points, stop-loss and take-profit of the trader. I hope th
Learning the basic skills in forex, such as how to read forex charts, is really important. This is because once you have this vital skill under your belt, it will be a lot easier and quicker when the time comes for you to learn and practice an actual forex trading system. By the time you fin
When it comes to trading, one of the most neglected subjects are those dealing with trading psychology. Most traders spend days, months and even years trying to find the right system. But having a system is just part of the game. Don't get us wrong, it is very important to have a system that perfect
Access to foreign exchange (forex), the most extensive market on the planet, is generally through an intermediary known as a forex broker. Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to clients often extends to technical analysis and resea
The New Zealand dollar reached a new a new 3-year high against the greenback today and appreciated against the Japanese yen, showing that the carry trade tendencies are growing stronger now. The kiwi (as the NZD is often called) rose against its major counterparts before some major macroeconomic
The Swiss currency reached a new all-time record against the US dollar and did well against the other major currency pairs today, as the market participants continued to base their positions on the positive monthly outlook report released earlier by the central bank of Switzerland. The franc rose
The US dollar was performing terribly this week against both commodity and safe currencies among signs of economic growth and on speculation that the Federal Reserve will lag with an increase of the interest rates. The bad performance of the US currency against its safe-haven counterparts was exp
The Japanese is currently dropping against its major Forex counterparts, as the market professionals expect that the country’s central bank will have to lower its economic growth forecast and leave the monetary policy at its loose state. The yen fell against the US dollar for the first day sinc
The US dollar declined today as the macroeconomic reports showed that the economy of the US improved with slower pace than was anticipated. The Manufacturing Index of the Philadelphia Fed tumbled from 43.4 in March to 18.5 in April, while it was expected to go down to only 37.1. The index shows t
The Great Britain pound advanced after the report showed that the retail sales in Britain unexpectedly rose last month, refueling talks about possible increase of the interest rates by the central bank. The UK retail sales increased by 0.2 percent in March on month-on-month basis, following the d
The Swiss franc jumped to the record versus the US dollar after the macroeconomic data suggested that the economic growth in the US slowed. The Federal Reserve Bank of Philadelphia index of the manufacturing conditions slumped from 43.4 in March to 18.5 in April. The US jobless claims decreased t
The South African rand climbed today as gold continue to post new records and on speculation that the central bank will increase the interest rates. Gold rose 0.6 percent to $1,509, posting the seventh day of gains, as the inflation pressure and worsening confidence in the paper currencies attrac
The Great Britain pound weakened today against the euro as investors reduced their bets on an interest rates hike after the release of the policy meeting minutes by the Bank of England. The currency gained versus the US dollar and the Japanese yen as the minutes pointed on some positive signs in Bri
The Australian dollar surged after the report showed that that the export and import prices rose in the first quarter of 2011, signaling that the economic recovery gains momentum. The Australian export prices surged 5.2 in the three month through March this year. The import prices rose 1.4 percen
The Canadian dollar gained today after the report showed that the inflation growth was stronger than anticipated, renewing talks about possible interest rates hike on the next meeting of the central bank policy makers. The consumer prices in Canada rose 0.8 percent from February to March, on a se
The South African rand climbed today on the speculation that the accelerating inflation will prompt the nation’s central bank to increase the borrowing costs. Reserve Bank Deputy Governor Daniel Mminele said that data shows an ”accelerating trend” in the food prices. He added that influence
The Swedish krona jumped to the highest level in more than two and a half years after the central bank raised the interest rates to slow the inflation. The Riksbank, the Swedish central bank, increased its target rate by 25 basis points to 1.75 percent, in line with forecasts. The bank maintained
The euro posted the unexpectedly strong gains today despite speculations about possible default of Greece and spreading of the sovereign-debt crisis continue to plague markets. The reason for such surprising performance was anticipation of another interest rates hike by the European Central Bank.
This week has started with market sentiment turning to risk aversion mood and such sentiment may remain for the rest of the week. This can be both positive and negative for the US currency. We were seeing some time optimistic mood on markets for some time as the global economy was recovering from
The Japanese yen rose today after Standard & Poor’s said yesterday that the US top credit rating isn’t certain and as concerns about the debt of the European countries drove investors to the safety of the Japanese currency. The Greek bond yields jumped to the highest level since the euro was
The same problems of the US and Europe’s economies that spurred demand for safety caused the Australian dollar to drop today for the second day. Currently demand for safer assets prevails on markets, reducing appeal of currencies linked to growth, including the Australian dollar. Otto Fricke, m
The US dollar gained today after Standard & Poor’s reduced the US credit rating to negative, spurring demand for the currency as a safe haven. The yen still looks more attractive as a safe currency and outperformed the greenback. S&P confirmed the US credit rating of AAA/A-1+, but decreased the
Worries about the European debt crisis and the prospect of US credit rating’s downgrade increased demand for safe currencies today. As a result, the Swiss franc advanced versus the euro, but demand for safety benefited more for the US dollar and the Japanese yen. Finland’s Justice Ministry re
The Malaysian ringgit weakened today as concerns about Europe’s debt crisis and China’s tightening measures draw traders away from riskier currencies. China’s central bank announced that it’s increasing reserve requirements for lenders from April 21. Finland may vote against the bailout f
The New Zealand posted today the biggest decline in more than four weeks after the report showed that the nation’s inflation slowed, signaling that the economic recovery loses momentum. The New Zealand consumer prices index rose 0.8 percent in the first quarter of 2011, compared to the 2.3 perc
What is Forex or Foreign Exchange: It is the largest financial market in the world, with a volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of bank
You may have relatives or friends who trade the markets. They could be trading shares, futures, options or forex. You may have heard of their exciting trading stories and perhaps this aroused your curiosity and you wondered whether you should trade too. One of the first questions you ask before you
Back when I first started learning about investing, I decided to start from the beginning and read basic books on personal finance as well as "guides" for understanding all of the investment world in a nut shell. Most of these authors were very knowledgeable and informative, but their investment adv
It was mentioned in a past article that Fibonacci forex trading is the basis of many forex trading systems used around the world by profitable forex traders. These systems are all based on the famous Fibonacci ratios (.236, .50, .382, .618, etc.) and each of them can specialize in a particular ratio
The New Zealand dollar rose against other most-traded currencies, jumping to the highest level in three years, after Finance Minister Bill English claimed that the fast growth of the inflation won’t damage the nation’s economy. English said: There will be some pressures there as the econom
The Canadian dollar advanced versus the US dollar and the euro after crude oil gained. The currency fell against the Japanese yen on prospect of increasing tightening in China. The good economic reports from the US today allowed commodities, including crude oil, to rally today. Contract for crude
The euro went down today after Moody’s Investors Service downgraded Ireland’s credit rating, fueling worries that debt problems will cripple the peripheral economies of the European Union. Moody’s lowered Ireland’s rating by two notches from Baa1 to Baa3, one notch above the so-called
The Australian dollar dropped today versus the euro and fluctuated against the US currency on the speculation that China will increase its interest rates to rein the rapid growth of the economy. The inflation, that grew 5.4 percent in March, may encourage China to increase the reserve for banks a
The Australian dollar slipped today against most major currencies on concerns about the European sovereign issues and as the Asian stocks fell after Singapore signaled about possible tightening. The Monetary Authority of Singapore stated in its Monetary Policy Statement the ”policy will ensure
The Great Britain pound went down today to the lowest level in six months versus the euro as the inflation grew less than forecast and the jobless claims rose, but recovered as unemployment rate unexpectedly fell. The currency also gained against the US dollar. The UK consumer prices rose 4 perce
The Swedish krona strengthened today after the government raised its growth forecast for the nation’s economy, adding to reasons for the central bank to raise its interest rates. The government estimated that Sweden’s economy will expand 3.8 percent in 2012 and 3.6 percent in 2013. The growth
One of the most important rules of Forex trading is to keep your losses as small as you possibly can. With small Forex trading losses, you can stick it out longer than those times when the market moves against you, and be well positioned for when the trend turns around. The one proven method to keep
First, what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an elec
Fibonacci forex trading is the basis of many forex trading systems used by a great number of professional forex brokers around the globe, and many billions of dollars are profitable traded every year based on these trading techniques. Fibonacci was an Italian mathematician and he is best remembe
The US dollar slipped today versus the euro and the yen after the report showed that the US traded balance deficit shrank less than was predicted by analysts. Forecasts were also too optimistic about the federal budget as today’s report showed. The US trade balance narrowed from $47.0 billion i
The Canadian dollar slid after Canada’s central bank left its key interest rate unchanged and on concerns that strong currency may harm the nation’s economic growth. Currently the currency rose a little and moves sideway versus the euro and the US dollar. The Bank of Canada left its overnight
The Swedish krone declined today as the inflation pressure weakened, reducing need for the central bank to increase the interest rates. Statistics Sweden reported today that the annual inflation adjusted for mortgage costs was 1.5 percent in March, compared with the forecast of 1.7 percent. The R
The Swiss franc strengthened today, rising for the fifth straight day against the US currency, after Japan was hit by another earthquake and on the speculation that the damage nuclear plant will release more radiation that Chernobyl power plant. The nuclear power plant in Fukushima prefecture was
The Japanese yen gained today as another earthquake in Japan turned investors away from higher-yielding assets and made them seek safety. Carl Forcheski, a director on the corporate currency sales desk at Societe Generale SA, commented on the new trend of the yen: We’ve had a nice run in ris
The euro slipped today on the speculation that the interest rates hike, performed by the European Central Bank last week, may hurt the most indebted nations of the European Union. The ECB raise its main interest rate on April 7, causing the uncertainty about the future of the European economy. Ge
The Australian dollar fell today, after it almost reached the previous record high earlier, on the speculation that traders will sell the currency to profit from the unprecedented rally. The strength of the Australian currency was caused by the rally of commodities. The Reuters/Jefferies CRB Inde
The Canadian dollar fell today before the meeting of the Bank of Canada policy makers as the central bank is expected to keep the interest rates unchanged and after commodities retreated. The BoC will keep its overnight rates unchanged at 1 percent, according to forecast of analysts. Canada was f
Forex trading has the great potential of becoming a profitable and fulfilling career that will let you have a lifestyle that few other lucrative activities in the world can offer to people from many roads in life and without asking any of those men and women for a diploma or some special certificati
The euro fluctuated this week, behaving differently against different currencies, but by the end of the week the currency surged as the European Central Bank increased its main interest rate. Still, the shared European currency posted weekly losses against some stronger currencies. The anticipate
The Great Britain pound advanced, rising to the highest level in almost three months against the US dollar, as the report today showed that the UK producer prices index climbed in March. Both input and output prices rose in Britain last month. The output price measure for all manufactured product
In my continuing quest to provide visitors of my site with a large amount of options to chose from when considering working from home I have done some research on Forex trading. I first learned of Forex trading while pursuing my MBA program. For those of you who have never heard of this, Forex tradi
The US dollar went down today as the US policy maker weren’t been able to reach an agreement about the budget and as the rally of raw materials damped demand for the US currency as a safe asset. The US lawmakers in Congress remained divided in their view about the federal budget and that can re
How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article. Trading the Forex market has many benefits over other financial
With the day things are today, more people are getting interested in investing their money to make them grow faster. The problem is, not too many people are willing to take the risk of investing it because of the risks, so some of them just let their money rut in banks. Not that there's anything wro
It should be noted that millionaire traders, Elder, Williams and some others are in fact professional psychiatrists. And it is not accidental that not the economists are the leaders and most successful traders, but professional psychiatrists and psychotherapists. Think about it. You will become a su
One of the cardinal rules of Forex trading is to keep your losses small. With small Forex trading losses, you can outlast those times the market moves against you, and be well positioned for when the trend turns around. The proven method to keeping your losses small is to set your maximum loss befor
Once you enter the Forex trading world you will immediately notice the need of using technical analysis in order to find trends when looking at the forex charts and also the importance of being aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a
Forex traders almost always rely on analysis to make plan their trading strategies. There are two basic types of Forex analysis — technical and fundamental. This article will look at fundamental analysis and how it used in Forex trading. Fundamental analysis refers to political and economic co
