Julie Sinha reviews the moves of EUR/USD on Forex TV. Traders are cautious towards the FOMC decision. This is causing choppy trading throughout the day. Sinha quotes one analyst that even says it’s “suicidal” to trade the markets before the statement is released to the public. Are you trading the decision? Or waiting for the … “Video – Review of EUR/USD Dollar Moves Around the Fed”
Month: January 2011
EUR/USD Elliott Wave – Is a Reversal Coming?
Euro has been trading significantly higher for the past two weeks from 1.2870 region, but the price action personality suggests that this is only a temporary recovery. Our bias for this pair is short as long as the market trades below 1.4280 high from October 2010. Guest post by Gregor Horvat In our next video, … “EUR/USD Elliott Wave – Is a Reversal Coming?”
eToro Introduces Foursquare Style Badges
eToro, a forex broker known for it’s easy to use platform and social network, introduces Foursquare-style badges. Traders can now earn recognition for their successes. eToro also announces a big round of funding. Social prizes The Market Leaders program rewards the traders for accomplishments in different fields. Badges are earned per geographical regions (similar to … “eToro Introduces Foursquare Style Badges”
FOMC Preview – Will Inflation Be Mentioned?
The first rate decision in 2011 isn’t expected to bring any dramatic policy change, yet it will rock the dollar, especially if the inflation is mentioned. Here’s a preview for this big event. What’s expected I believe we won’t see any change in the Fed’s policy this time. Only two months passed since the major … “FOMC Preview – Will Inflation Be Mentioned?”
Pound Regains Strength on MPC Minutes
The Great Britain pound recovered today as the minutes of the Bank of England Monetary Policy Committee meeting showed that more policy makers voted for an increase of the interest rates than on the previous meetings. The minutes showed that six members of the Committee voted to keep the rates unchanged, while three members voted for an increase of the rates. Andrew Sentance and Martin Weale preferred to increase Bank Rate by 25 basis points and to maintain the size of the asset purchase … “Pound Regains Strength on MPC Minutes”
Mexican Peso Little Changed After Yesterday’s Decline
The Mexican peso was little changed today after it dropped yesterday on the speculation that the government will intervene to weaken the currency. Mexico’s Finance Minister Ernesto Cordero reinforced the worries about an intervention as he said today: We are paying attention to capital inflows. In the case of Mexico, it wouldnât be effective to impose capital controls. Some analysts voiced their doubts about probability of an intervention, but these comments … “Mexican Peso Little Changed After Yesterday’s Decline”
Swiss Franc Gains as Sentiment Turns to Risk Aversion
The Swiss franc extended its gains today as stocks and commodities declined after the UK gross domestic product unexpectedly declined last quarter, reducing investors’ willingness to risk. The Swiss franc, which is considered to be a safe currency, benefits from the risk aversion sentiment across the markets. And the investors indeed turned away from riskier assets after Britain’s GDP posted the unexpected decline because of the bad weather in December. The franc … “Swiss Franc Gains as Sentiment Turns to Risk Aversion”
US Dollar Drops with Lower House Prices & Slower Manufacturing
The US dollar weakened today after the report showed that house prices declined and manufacturing slowed in the US, reducing optimism for the nation’s economy. The S&P/Case-Shiller Home Price Index posted the 1.6 percent year-over-year decline in November. The index dropped 0.8 percent in the month before and was expected to decline 1.4 percent in November. The manufacturing activity expanded for the fourth straight month, but pace of the growth slowed. The Richmond Manufacturing Activity Index was … “US Dollar Drops with Lower House Prices & Slower Manufacturing”
Combining Forex Strategies and Binary Option Trading Systems
The most obvious difference between trading conventional Forex or via Binary Options is that Forex Binary Options expire hourly. Another advantage is that at the end of the hour your profit is fixed at 85%. Regardless of how much the asset moved in either direction, your role is simply to speculate in which direction the … “Combining Forex Strategies and Binary Option Trading Systems”
Aussie Weakens vs. Greenback on Slower CPI Growth
The Australian dollar slipped today against its US counterpart after the report showed that the inflation rose with slower pare than was predicted. The Australian Consumer Prices Index rose only 0.4 percent in December, while it was expected to grow at the 0.7 percent rate as in November. The slower pace of the prices’ growth reinforces worries about the impact of the natural disaster on the economy of Australia. AUD/USD dropped from 0.9973 to 0.9897 … “Aussie Weakens vs. Greenback on Slower CPI Growth”