The Malaysian ringgit climbed together with other Asian currencies today as investors anticipated stimulus from the central bank of the United States and China. Stimulus bets resulted in the optimistic sentiment on the Forex market. The Federal Reserve will announce its monetary policy decision tomorrow and speculations about the decision were driving the FX market this week. Traders hope for some form of stimulus and such outlook helped currencies of emerging markets. On top … “Ringgit Gets Boost from Stimulus Bets”
Month: September 2012
USD/CHF Falls, EUR/CHF Rises
The Swiss franc fell today against the euro after the German court decision boosted the shared European currency. The Swiss currency followed the euro in gains against the US dollar. The Swiss National Bank will announce its monetary decision after the policy meeting tomorrow and most market participants expect the central bank to reiterate its pledge to keep the cap of 1.20 francs per euro. The bank has kept the ceiling for a year despite … “USD/CHF Falls, EUR/CHF Rises”
US Dollar Slips on QE3 Expectations
US dollar is heading a little bit lower today, slipping as news points to easing for the greenback. The German court ruling gave the euro a boost, and the expectation that the Federal Reserve will announce the possibility of more stimulus is undermining the greenback a bit. The members of the Federal Open Market Committee are starting a two-day meeting today, and tomorrow Ben Bernanke will announce a policy position. Many expect him to continue to say that … “US Dollar Slips on QE3 Expectations”
Germany Approves Eurozone Bailout Fund, Lifting Euro
Germany’s highest court ruled today that it will not block the eurozone’s bailout fund. With this tacit approval of the 700 billion European Stability Mechanism, the ECB is ready to move forward with crisis-fighting action as it deems necessary. The news of ruling gave the euro a boost, especially against the US dollar. Forex traders are waiting now for the news from the Federal Reserve meeting. Ben Bernanke is … “Germany Approves Eurozone Bailout Fund, Lifting Euro”
James Chen: Be as conservative as possible in your money
James Chen, Chief Technical Strategist at FX Solutions, provides quite a few interesting tips to forex traders and stresses the importance in risk management. In the interview below, Chen also discusses his return to FX Solutions, preferred currency pairs, his approach towards automated trading, and why he focuses on technical analysis. What triggered your return to … “James Chen: Be as conservative as possible in your money”
James Chen: Be as conservative as possible in your money
James Chen, Chief Technical Strategist at FX Solutions, provides quite a few interesting tips to forex traders and stresses the importance in risk management. In the interview below, Chen also discusses his return to FX Solutions, preferred currency pairs, his approach towards automated trading, and why he focuses on technical analysis. What triggered your return to … “James Chen: Be as conservative as possible in your money”
Choosing a Forex trading platform
There is a great variety of forex trading platforms and choosing the one is not an easy task. You have to consider a number of factors before diving into markets, especially when you are a beginner. In this article I will try to reveal the most well known trading platforms and what are their main … “Choosing a Forex trading platform”
Sirix Gets New Plugins for Web Trading Environment
Leverate, a provider of solutions for forex broker, introduces new plugins for Sirix – its social network platform. The company introduced Sirix back in May and it has evolved quite a bit since then. Here are more details from the official press release: Leverate Releases Powerful Plugins for the Sirix Web Trading Environment Brokers have the … “Sirix Gets New Plugins for Web Trading Environment”
Aussie Extends Yesterday’s Rally
The Australian dollar gained yesterday and extended its rally today as traders wait for the policy decision of the Federal Reserve, hoping that the US central bank will announce another round of monetary easing. Speculations about the policy meeting of the Fed drive the Forex market this week. Investors hope for stimulus and optimism support higher-yielding currency. Outlook for the eurozone is not that bad, at least talks about a breakup of the currency union receded. … “Aussie Extends Yesterday’s Rally”
Why A Moody’s Credit Rating Cut Doesn’t Matter
Analysts at the global credit rating agency, Moody’s, released a warning to the markets – the US sovereign credit rating may be in for a cut. Normally, the statement may have warranted an alarming selloff in higher beta currencies like the Aussie, Loonie or even the Euro. But, price action was relatively muted, all the … “Why A Moody’s Credit Rating Cut Doesn’t Matter”