On Friday at 16:00 GMT, the European stress tests results will be released. In the past few weeks, EUR/USD enjoyed weak American data, and also enjoyed the anticipation for the European stress tests. With the terrible European debt crisis, these results are supposed to show that the banks are stable, and to mark the end … “5 Reasons Why The Stress Tests Could Hurt EUR/USD”
Month: July 2010
Korean Won Recovers on Corporate Report
The South Korean currency recovered its losses after dipping down earlier today as the corporate report from Hynix boosted the investors’ interest in the country’s stock market. The South Korean won was declining earlier as the traders reacted to the yesterday’s speech by Ben Bernanke, which stated that the U.S. economical situation is still very uncertain. Hynix Semiconductor Inc. reported $870 million operating profit for the second quarter of 2010, 30.8 … “Korean Won Recovers on Corporate Report”
Stop Being A Whimp… Don’t Let Fear Get In The
Guest post from visionsofaffluence.com So you’ve made a couple of bad decisions and took some hard losses, and now you hesitate and let trades go that under normal circumstances you would have taken. This is no way for a trader to behave. In order to be successful you are going to have to develop the proper … “Stop Being A Whimp… Don’t Let Fear Get In The”
AUD Falls as Interest Rate Expectations Decrease Optimism
Following a rapid growth yesterday, the Australian dollar declines against its major counterparts (except euro) today as the market participants expect the interest rates to be on hold for some time. Worsening global economical situation spurs pessimistic expectations towards Australia’s interest rate. At 4.50 percent it’s already the highest among the developed nations and provided a good support for the currency. The Australian dollar fell against the USD, JPY and even against its … “AUD Falls as Interest Rate Expectations Decrease Optimism”
Transparent Forex Leaders – Making Forex More Mainstream
Not all investors want to actively trade. Some want to put trust in known, reputable traders that they can follow. In the fifth article in the series about making forex more mainstream, this option is examined. In stocks, many investors don’t trade actively. The put their money with a some kind of trust fund and … “Transparent Forex Leaders – Making Forex More Mainstream”
Japanese Yen Recovers as Markets Prepare for Risk Aversion
The Japanese yen rose against its major counterparts today, following the bearish session yesterday, as the traders expect some rise in the risk averting sentiment among the market participants before fundamental releases, stress test results. The yen rose against the U.S. dollar, the euro and the pound (and even a rather bullish Aussie) as the traders expect a speech by Fed‘s Ben Bernanke later today. They also expect some moderately pessimistic reports on the employment … “Japanese Yen Recovers as Markets Prepare for Risk Aversion”
You’re Married?… Not When You’re Trading You Aren’t
Guest post from visionsofaffluence.com Being able to trade and make a living from your own home has many benefits. You avoid commuting, you can set your own hours , and you can work in your pajamas just to name a few. However there is one great drawback to working from home. A force that threatens to … “You’re Married?… Not When You’re Trading You Aren’t”
Bank of Canada Raises Rate, CAD Reacts Positively
The Canadian dollar rose against all major currencies after the country’s central bank decided to increase the target overnight rate to 3/4 percentage point on its meeting today. The Bank of Canada announced in its statement that the interest rate is increased from 0.50 percent to 0.75 percent today. Although this decision has been expected by the majority of the market analysts, the resulting positive effect for the Canadian dollar was rather strong — … “Bank of Canada Raises Rate, CAD Reacts Positively”
Near-Term Outlook for Decline of U.S. Dollar
The U.S. dollar was rising as the European crisis increased the demand for the safe currencies, but recently began to decline as the focus of the concerns turned to the U.S. themselves. While at the end of this week the greenback rebounded against some other major currencies, the future of the U.S. currency looks uncertain. The dollar will likely weaken in the near future unless some good news from the U.S. prove the strength of the currency. The lower number of the jobless claims may … “Near-Term Outlook for Decline of U.S. Dollar”
Australian and N.Z. Dollars Rise on China’s Growth
The Australian and New Zealand dollars rose significantly against the other major currencies today as the Chinese stock market demonstrated growth on talks that the government may easy the investment regulations. The Aussie and the kiwi both rallied against the U.S. dollar and the Japanese yen today, with the former posting a second bullish day in a row. Analysts expect the Chinese consumer sector to be the major growth-factor for Australia’s largest and New Zealand’s second largest trade … “Australian and N.Z. Dollars Rise on China’s Growth”