BabyPips ranked the top forex traders on Twitter. In the list of 11 FX traders for 2011, my friend and colleague Casey Stubbs came in second. I’m certain he deserves to be No. 1. Casey is very active and very helpful on Twitter as he is on his own site. The big advantage in Twitter … “Top Forex Traders on Twitter”
Author: admin_mm
China GDP Growth Target Lowered to 7%
In another effort to cool down the economy, the Chinese prime minister Wen Jiabao has lowered the growth target for 2011 to 7%. Jiabao was speaking in an online chat on Saturday. He said that: The 7 percent target would be part of the 2011-2015 five-year plan to be approved by the national legislature next … “China GDP Growth Target Lowered to 7%”
Gaddafi to Zimbabwe? Libyan Opposition Closes on Tripoli
Libyan ruler Muammar al-Gaddafi might soon flee from his country. Events are moving fast in Libya – the opposition rebels are taking over more and more cities close to Tripoli, a new government has been formed and recognized, and Gaddafi’s family might be left with only one friend: Robert Mugabe of Zimbabwe, that allegedly sent mercenaries to … “Gaddafi to Zimbabwe? Libyan Opposition Closes on Tripoli”
Saudi Protests Threaten Oil Prices
Demonstrations began spreading to Saudi Arabia: In Jeddah, youngsters took the streets and demanded reform. The Youth for Change movement is inspired from the young people in Egypt, which are nearby. On the other side of the huge oil producing country, another type of uprising began: Shiites, a minority in Sunni Saudi Arabia, have shown their solidarity … “Saudi Protests Threaten Oil Prices”
Japanese Yen â Best Performer This Week
The Japanese yen, together with the Swiss franc, was the best performing currency this weak as the civil unrest in North Africa and Middle East resulted in the uncertainty among traders and caused the shift of sentiment toward risk aversion. Tunisian President Zine El Abidine Ben Ali was ousted last month and Egypt’s President Hosni Mubarak resineg on February 11, encouraging protester in other countries of North Africa and the Mideast. Leader of Libya … “Japanese Yen â Best Performer This Week”
Loonie Reaches Almost 3-Year High on Crude Oil Prices
The Canadian dollar strengthened as crude oil, key export of Canada, posted the biggest weekly gain since 2009 and as recovering Canada’s economy fueled the speculations about the interest rates hike by the Canadian central bank. April delivery for crude oil rose 1 percent to $98.28 per barrel after it advanced yesterday to $103.41, the highest intraday price since September 29, 2008. The price jumped 14 percent this week, the biggest … “Loonie Reaches Almost 3-Year High on Crude Oil Prices”
Forex Factory Trade Explorer – Powerful Trading Tool
Forex Factory just launched a great new tool. Trade Explorer enables traders to see basic and also not so basic statistical analysis of their trades, such as average trade return and average drawdown. Here’s a quick look. It’s important to note that the synchronization with real time data from the brokerage account allows viewing data … “Forex Factory Trade Explorer – Powerful Trading Tool”
Sterling Declines as UK Economy Shrinks
The Great Britain pound extended its losses today after the report showed that Britain’s economy shrank more than predicted in the fourth quarter of the last year. Britain’s gross domestic product contracted by 0.6 percent in the fourth quarter of 2010, revised down from the previously estimated fall of 0.5 percent. Chris Huddleston, a trader at Investec Bank Plc, said that the decline was caused by the profit-taking by traders and didn’t affect the expectations … “Sterling Declines as UK Economy Shrinks”
Japanese Yen Regains Strength After Declining
The Japanese yen rebounded today after it weakened on the speculation that the tensions in Libya has eased and that the Japanese currency is overbought. Specialists say that the unrest in North Africa and Middle East isn’t severe enough to derail the global economic recovery. OPEC promised to increase supply of oil in case if the tensions will disrupt production. Still, uncertainty in the markets persists, driving investors to safer assets. USD/JPY fell from … “Japanese Yen Regains Strength After Declining”
Pound Slumps as Sales & Consumer Confidence Decline
The Great Britain pound tumbled as the reports showed that the UK economic recovery stalled and the political unrest in the countries of North Africa and Middle East drove traders away from riskier assets. The CBIâs Distributive Trades survey showed that 36 percent of retailers saw the volume of sales rise in the two weeks to February 16, while 30 percent said they fell compared with a year ago, resulting in the balance of +6 percent. … “Pound Slumps as Sales & Consumer Confidence Decline”