Guest post from visionsofaffluence.com Ok, so maybe I exaggerated a bit about you becoming the next George Soros but with these tips you will definitely be able to make a lot of money. 1. Only trade it during the U.S European Overlap. That’s not to say that you can’t have success trading it at other times … “Eur/Usd Trading – 3 Tips That Will Make You the”
Month: July 2010
Zloty Rise vs. Euro as Economic Growth May Cause Rates Hike
The Polish zloty extended its rally for the eighth consecutive day against the euro as the estimates of the Economy Ministry showed that the economy grew with the increasing pace, igniting the speculation that the central bank may raise the interest rates. The Polish currency dropped against the U.S. dollar slightly. The Economy Ministryâs report showed that the gross domestic product grew by 3.1 percent in the first half of this year, compared 1.8 percent in 2009. … “Zloty Rise vs. Euro as Economic Growth May Cause Rates Hike”
Dollar Declines vs. Yen as Durable Goods Orders Unexpectedly Fell
The U.S. dollar fell today against the Japanese yen after the report today showed that the orders for the U.S. durable goods fell unexpectedly in June, fueling the concern for the economic recovery and spurring the investors to turn to the safety of Japan’s currency. The EUR/USD moves up and down today after it closed yesterday near its opening level. Durable goods orders declined for the second consecutive month, falling by 1.0 percent in June after dropping … “Dollar Declines vs. Yen as Durable Goods Orders Unexpectedly Fell”
Aussie Falls as Low Inflation Promises Unchanged Interest Rates
The Australian dollar fell today for a second day against its U.S. counterpart as the in inflation rose slower than expected, fueling the speculation that the central bank would keep the interest rates unchanged. The consumer price index rose 0.6 percent in the June quarter 2010, compared with the rise of 0.9 percent in the March quarter 2010. The forecasts promised the 1.0 percent growth. There are not many reasons for the Reserve Bank of Australia … “Aussie Falls as Low Inflation Promises Unchanged Interest Rates”
Brazilian Real Falls as Central Bank May Intervene to Curb Gains
The Brazilian real declined today on the speculations that the central bank may start selling the currency for the dollars for the first time in more than a year. The central bank needs to curb the real’s gains and protect the nation’s exporters after the currency appreciated 6.2 percent in the last two months and the current account deficit grew. The bank already has intervened previously, but that wasn’t enough to stop the currency’s rally. USD/BRL traded at 1.7685 as of 8:24 … “Brazilian Real Falls as Central Bank May Intervene to Curb Gains”
EUR/USD – This is Resistance
EUR/USD is flirting with the 1.30 line and currently fails to make the breakout that many people are waiting for – resistance is very strong. In the narrowing uptrend channel, it will soon have to make a decision. EUR/USD already crossed the psychological level of 1.30 on July 16th, peaking at 1.3007. 4 days later, … “EUR/USD – This is Resistance”
Your System Means Nothing… Unless You Master This Principle
Guest post from visionsofaffluence.com There is one component of trading that is a necessity if you wish to become a successful trader and that is money management. With proper money management your trading potential is unlimited, without it you will fail. Too many new traders come into this business and focus only on how much money … “Your System Means Nothing… Unless You Master This Principle”
Canadian Dollar Falls on Stocks & Commodities Decline
The Canadian dollar weakened today after the decline of the U.S. consumer confidence and the decreasing prices for commodities damped the appeal of the currencies tied to growth. The Conference Boardâs index of the U.S. consumers’ sentiment dropped to 50.4, compared to the median forecast of 51.3. The Standard & Poorâs 500 Index declined 0.3 percent. The S&P 500 rose previously by 0.5 percent and gained more than 8 percent since June 30th, while crude oil went … “Canadian Dollar Falls on Stocks & Commodities Decline”
Dollar Rises vs. Yen & Euro
The U.S. currency strengthened today against the euro and the Japanese yen as the macroeconomic indicators suggested that the U.S. economy is recovering. The dollar dropped versus the Great Britain pound. The report about the new home sales yesterday showed the unexpected surge to 330,000 in June from 267,000 in May. S&P/Case-Shiller Home Price index rose to 146.64 in April from 147.33 in May. Not all reports were favorable, though. The manufacturing index of the Federal … “Dollar Rises vs. Yen & Euro”
Fundamental Overview – Market Movers Last Week –
Guest post by ForexTraders.com Last week saw the U.S. Dollar again trade softer against most of the other major currencies. Also, commodity prices mostly gained, with crude oil gaining 3.9% to close at $78.98 per barrel, with a predictably positive effect on the Australian and Canadian Dollars. Nevertheless, the price of gold closed virtually unchanged at … “Fundamental Overview – Market Movers Last Week –”