Guest post from www.visionsofaffluence.com Trading to suit your personality There are many reasons why people decide to start trading maybe they view it as a challenge or perhaps they just want to earn extra money on the side. There are plenty of reasons why people trade, but it has been my experience that people get into … “Boost Your Profits By Trading With Your Personality”
Month: July 2010
Fundamental Overview – Market Movers This Week –
European debt markets recovered somewhat last week after some relatively successful debt auctions. Also, commodity prices eased, with gold closing the week below the psychological $1,200 level, with a predictably negative effect on the Australian and Canadian Dollars. Nevertheless, last week saw investors’ unease about the U.S. economy grow considerably, especially in the wake of dovish … “Fundamental Overview – Market Movers This Week –”
Euro Up on Stress Test Speculations
The euro is growing against the other major currencies today, as the European banks’ stress test speculations provide a better ground for the Forex traders than the sovereign debt risk concerns in some of the Eurozone countries. The currency rose against the U.S. dollar, the pound and the yen after opening with a bearish weekly gap and losing slightly during the early trading session. European officials are stress-testing 91 banks, trying to determine their level … “Euro Up on Stress Test Speculations”
IMF and E.U. Won’t Help Hungarian Forint at Weekly Low
Following the release of the statement by IMF regarding the financial state of the Hungarian economy, the Hungarian forint fell to the lowest level since July 7 against the U.S. dollar and then rebounded slightly. On July 17, the International Monetary Fund released the statement regarding its mission to Hungary, outlining some developments in the Hungary’s budget and economic situations but also complaining that “a range of issues remain open” with the country’s government. Viktor Orban, the current … “IMF and E.U. Won’t Help Hungarian Forint at Weekly Low”
Serious Regulation Will Make Forex More Mainstream
While regulators are maturing with the industry, some of them are still incompetent and traders aren’t always aware of regulation in forex. Better regulation is essential in making forex more mainstream. Part of the blame for the financial crisis was on big financial institutions such as Lehman Brothers and AIG, and the lack of proper … “Serious Regulation Will Make Forex More Mainstream”
Euro Strengthens This Week a Bit
The euro moved up and down this week as the investor sentiment improved after Greece and Spain auctioned their debts, but the gains of the currency were restrained by the concern for the global growth, fueled by the bad economic indicators of the U.S. economy. The euro dropped against the U.S. dollar on Monday, then was rising for the three day, and on Friday slightly fell again. The moves versus the Japanese yen were rather volatile as every day of losses were … “Euro Strengthens This Week a Bit”
U.S. Dollar Weakens vs. Yen; Advances vs. Euro & Pound
The U.S. dollar weakened versus the Japanese yen to the lowest level since the beginning of this year on the signs of the slower economic growth; the bad news from the U.S. fueled concerns for the global economic recovery, causing the euro and the Great Britain pound to drop against the U.S. currency. The Standard & Poorâs 500 Index dropped 2 percent. The University of Michigan preliminary index of the consumer sentiment fell much more than anticipated, to 66.5 in July … “U.S. Dollar Weakens vs. Yen; Advances vs. Euro & Pound”
Pound Falls on Global Economic Outlook
The Great Britain pound slipped today amid speculations that the slowing global economic recovery would decrease the attractiveness of the currencies tied to the growth. The consumer sentiment and the consumer prices in the U.S. expected to fall, fueling concern that the economic recovery would falter. The analysts predict that the house prices in the U.K. would also decline because of the spending cuts. GBP/USD traded at about 1.5384 as of 10:39 GMT today, falling from its opening … “Pound Falls on Global Economic Outlook”
Pessimistic Outlook for U.S. Economy Bolsters Yen
The Japanese yen rose today on the speculation that the Federal Reserve would keep the interest rates at current record low level as the U.S. economic growth shows signs of the slowdown. The analysts estimated that the confidence of the U.S. consumers dropped from 76.0 to 74.2, according to the University of Michigan preliminary index, which will be released today. The investors cut bets to 14 percent that the Fed would raise the benchmark rate on its meeting … “Pessimistic Outlook for U.S. Economy Bolsters Yen”
Top 5 Sites For Forex Rates
The bid and ask rates that you’ll eventually pay will be the forex rates that your broker will charge you. In lots of cases, especially when there’s a big news event, the exchange rates will significantly differ. Different forex brokers will use different forex exchange rates. So, it’s always wise to compare with independent providers. … “Top 5 Sites For Forex Rates”