Guest post from www.visionsofaffluence.com Do you really think you can reliably predict the market? I hope you don’t because that is the one of the biggest mistakes a trader can make. If you want to be successful in this business then you are going to have to realize that trading is a probability game and any … “So You Think You Can Predict The Market?…. Guess Again”
Month: July 2010
Pound Goes Up on High Inflation & Retail Sales
The Great Britain pound strengthened today on the speculation that the higher than expected inflation and the retail sales would cause the central bank to raise the interest rates. The annual inflation was at 3.2 percent level in June, which is lower than May reading of 3.4 percent, but still above the central bank’s limit of 3 percent. The survey, performed by the British Retail Consortium, showed the 1.2 percent increase of the retail sales. This … “Pound Goes Up on High Inflation & Retail Sales”
Fundamental Overview – Market Movers This Week –
Last week gave global investors a possibly brief reprieve from recent financial market turmoil as world stock and bond markets rallied sharply, while commodity prices also firmed. With that noted, an underlying sense of caution and unease seems to continue permeating world markets. Market Concerned About Recessionary Impact of G20 Budget Cuts The previous week’s … “Fundamental Overview – Market Movers This Week –”
Can European Economy Return Strength to Euro?
The euro strengthened today after Greece auctioned the Treasury bills at the rate below that the European Union charged when it bailed Greece out of crisis. Greece sold the Treasury bills for the amount of â¬1.625 billion at the yield of 4.65 percent, while the E.U. charged 5 percent. The European leaders urged the bank to attempt to raise the money themselves before turning to the state support in case the stress test, which performed to check the stability of the European … “Can European Economy Return Strength to Euro?”
FXBees Joining the Forex Social Scene
There’s a new kid in the block – Berlin based FXBees launched and offers traders to share their data. Here’s a quick introduction of this interesting site. FXBees labels itself as the “first social forex broker” – traders can open an account with a broker through their platform, rather than connect an existing one. The … “FXBees Joining the Forex Social Scene”
Aussie Slips on Concern for China’s Growth
The Australian dollar extended its decline today as the speculation, that the Chinese economic expansion slows, curbed the appeal of the higher-yielding currencies. Chinaâs gross domestic product grew 10.5 percent in the last quarter, compared to 11.9 percent in the previous three months. Chinaâs Shanghai Composite Index slipped 1.6 percent and the MSCI Asia Pacific Index of shares declined 0.6 percent. AUD/USD traded at 0.8748 as of 10:04 GMT today after opening at 0.8758. … “Aussie Slips on Concern for China’s Growth”
Mexican Peso Fluctuates on Growth Concern & Favorable Outlook
The Mexican peso fluctuated today, following the yesterday’s decline, amid the speculations that the import in China diminishes, increasing the concerns that the global economy might falter. Imports of copper and copper products into China fell to 328,231 metric tons (17 percent) in June from May. Copper prices have declined 10 percent in 2010 on the speculations that demand would fall. Some analysts say, though, that fundamentals should push … “Mexican Peso Fluctuates on Growth Concern & Favorable Outlook”
Want To Know Why You Keep Losing Trades?… Look In
Guest post from www.visionsofaffluence.com So you want to be a trader? You buy all the books, hang out on the most popular forums, and try every technique and indicator you come across, but still you get no where. So, then you but even more books, spend more time o forums, and try even more techniques and … “Want To Know Why You Keep Losing Trades?… Look In”
New Zealand Dollar Down vs. Yen, Up vs. Euro
The Australian dollar fell against the Japanese yen and experienced the volatility versus the U.S. currency today on the concerns for the global economic growth; the kiwi outperformed the euro as the New Zealand economy might be in a better shape than Europe’s one. Bill English, the Minister of Finance of New Zealand, voiced hope that the nation’s budget would return to the surplus before 2016 as New Zealand shows fiscal discipline. The budget deficit already reported to be … “New Zealand Dollar Down vs. Yen, Up vs. Euro”
Aussie Falls After It Rallied Too Much Last Week
The Australian dollar weakened today, following the huge leap up in the last week, on the speculation that the currency has rallied too much, while the global economic growth might slow. The U.S. retail sales estimated to decline by 0.3 percent in June, while the consumer price index expected to drop by 0.1 percent. There were the good news also, limiting the losses of the Aussie. The Standard & Poorâs 500 companies’ profits estimated to increase … “Aussie Falls After It Rallied Too Much Last Week”