Following the IPO of FXCM , the American forex broker continues providing news. After expos in Las Vegas, they put an education site which will contain workshops about reading charts, developing trade plans, various presentations, videos and lots more – fxcmexpo.com This joins their large forex portal and the home site of the forex broker. … “Forex Digital Expo – New Site by FXCM”
Month: January 2011
Forex Volume Falling in 2011?
LeapRate has a prediction for a falling volume of forex trading in 2011, due to many reasons, including regulation, less volatility and saturation. Francesc Riverola brings their full report. Markets in the West may be saturated, but as Francesc mentions, we’re still seeing rapid growth Asia and the Middle East. In addition, I hope that … “Forex Volume Falling in 2011?”
Indian Rupee Slumps as Forecasts Promise Widening Account Deficit
The Indian rupee slumped today on concerns that the nation’s current-account deficit would widen as India’s central bank blocked dollar or euro payments for Iranian oil. India’s current account deficit increased from $12.1 billion in the second quarter of 2010 to $15.8 billion in the third quarter and may jump to $17 billion in the first half of this year, according to the analysts’ forecast. The economists predict that, as a result, the attractiveness of the rupee will fall and the currency … “Indian Rupee Slumps as Forecasts Promise Widening Account Deficit”
5 Points on How to Choose a Forex Broker in 2011
Yes, I know there’s lots of information about how to choose a forex broker, yet new tools are available for assessing brokers, new tools that weren’t available beforehand. Here are 5 points about how to chose a forex broker for the new year: Regulation: Regulated brokers tend to be fairer with their clients. There’s isn’t … “5 Points on How to Choose a Forex Broker in 2011”
Eurozone Manufacturing PMI Drives Euro Up
The euro gained today as the Eurozone Purchasing Managers’ Index rose in December, signaling that the European economy slowly recovers and the fears of the financial crisis may recede. The Markit Eurozone Manufacturing PMI in its final revision advanced to 57.1 in December, the highest reading since April, compared to the previous estimate of 56.8. The growth was led by Germany, France, Austria and the Netherlands. Germany’s PMI climbed from 58.1 in November to 60.7 in December, the highest level … “Eurozone Manufacturing PMI Drives Euro Up”
Video – Technical Levels, Events and more for 2011
On the first interview for 2011, I spoke with Julie Sinha on Forex TV about themes for the new year, technical levels for EUR/USD, GBP/USD and AUD/USD as well as the important events that will rock currencies this week, which already began with lots of action. Enjoy! After still moving on thin volume on the … “Video – Technical Levels, Events and more for 2011”
Dollar Gains vs. Pound & Yen on Economic Reports, Falls vs. Euro
The US dollar rose today against the Great Britain pound and the Japanese yen after the reports showed that the manufacturing expanded and the construction spending increased in the US. The currency fell versus the euro. The Institute for Supply Management Purchasing Managers’ Index rose from 56.6 percent in November to 57.0 percent in December. The construction spending grew 0.4 percent in November. That’s compared to the median forecast of 0.2 percent and the October reading of 0.7 percent. The Standard … “Dollar Gains vs. Pound & Yen on Economic Reports, Falls vs. Euro”
Forecast: Dollar Will Drop and Can Lose Its Role in World Economy
The US dollar was weakening in 2010 amid the concerns about the US economy and as the quantitative easing damped the appeal of the currency. On the other hand, the dollar managed to rise somewhat recently. What the future holds for the US currency this year? Performance of the dollar is tied with the health of the US economy. The economy looked rather weak for the most part of the year, but now slowly recovers. Is the recovery sustainable? There are positive factors … “Forecast: Dollar Will Drop and Can Lose Its Role in World Economy”
Polish Zloty Rebounds as Inflation Reaches 11-Month Record
The Polish zloty traded near the opening level today after the initial decline as the inflation climbed to the highest level in 11 months, according to the government’s estimates. Poland’s Finance Ministry estimated that the annual inflation jumped to 3.1 percent in December, compared to 2.7 percent in November. The consumer prices rose 0.3 percent from November to December, according the estimate of the ministry. USD/PLN traded near its opening level of 2.9628 as of 13:00 GMT after … “Polish Zloty Rebounds as Inflation Reaches 11-Month Record”
Norwegian Krone Erases Losses on Positive Outlook for Economy
The Norwegian krone slumped at the start of today’s trading session, but was slowly rising after that on the anticipation for the Norwegian policy makers to shield the nation from the problems in other countries. The balanced Norwegian economic policy resulted in the lowest unemployment in Europe, giving the central bank an incentive to raise the interest rates. On the other hand, decisions should be made carefully, as the possible appreciation of the krone may hurt the exporters’ profits from the record oil … “Norwegian Krone Erases Losses on Positive Outlook for Economy”