BabyPips interviewed me for their December edition of their Q&A corner. In the interview, I’ve discussed trading experiences, becoming a successful trader, correlation between personality and trading style and lots more. The page also features interviews with Casey Stubbs and Rafael Rosa. Enjoy! BabyPips is a great forex education site, especially for beginners.
Author: admin_mm
Lebanon Indictments Submitted to Tribunal
The prosecution in the Special Tribunal for Lebanon handed in their conclusions to the judge. The conclusions probably include indictements of Hezbollah members in the murder of former Lebanese prime minister Rafik Hariri. Daniel Bellemare handed the papers today to pre-trial judge Daniel Fransen, but an official statement will be released tomorrow, January 18th. His son, Saad … “Lebanon Indictments Submitted to Tribunal”
Hezbollah Taking Over Lebanon?
Hezbollah is preparing to take over Lebanon – perhaps by creating an alternative government, or by ousting Saad Hariri, which is now the prime minister of a temporary government. The Hezbollah indictments, by the Special Tribunal for Lebanon (STL), might be released as early as Monday, January 17th. Hezbollah pushed Hariri to disconnect himself and … “Hezbollah Taking Over Lebanon?”
5 Reasons to Doubt the Euro Rally
EUR/USD made a remarkable recovery in the past week, but it didn’t manage to break above critical resistance. Is this a sign? Or is the common currency taking it step by step? 5 reasons to challenge this rise. 1. Portugal At the beginning of the week, Portugal seemed to be very close to getting a … “5 Reasons to Doubt the Euro Rally”
Chinese Inflation Fighting Weights AUD
Anti-inflationary measures conducted by the financial authorities of China press on the currency of its close trade partner — Australia, sending it down not worse than the floods. While the developed economies of West have just began to recover from the global financial crisis, the emerging Asian countries are already struggling with elevated inflation. Following the measures conducted by Thailand and South Korea, China continues to curb the liquidity in order to cut the consumer price … “Chinese Inflation Fighting Weights AUD”
Dollar Continues Its Decline on Poor Consumer Sentiment
The US currency continued its decline against the major currencies today, as the internal macroeconomic reports suggested that the situation with the US consumer sector isn’t as good as it seemed. The dollar has posted a third bearish day against the Japanese yen, a fifth bearish session against the euro and a sixth daily drop against the Great Britain pound. The current series of daily declines follows a rather long rally of the US currency. December … “Dollar Continues Its Decline on Poor Consumer Sentiment”
Euro Climbs Despite Decline of Commodities
The euro continues to show an impressive performance as optimism about the ability of the European Union’s leaders to deal with the region’s financial crisis grows every day. The size of the EU rescue fund may be increased as Angela Merkel, the Chancellor of Germany, admitted that she’ll go to any length to deal with the European problems. Jean-Claude Trichet, the President of the European Central Bank, signaled that he may consider increasing the interest rates as the inflation … “Euro Climbs Despite Decline of Commodities”
Loonie Weakens as Rally of Commodities Slows
The Canadian dollar fell today after the report showed that number of unemployment claims in the US increased and on the speculation that the rally of commodities and stocks isn’t sustainable. The currency attempts to recover against the US dollar at present. The number of claims for the unemployment benefits in the US rose from 410,000 to 445,000 last week. The report was rather depressing as the market participants expected decrease to 405,000. Together with the discouraging data from the previous week today’s … “Loonie Weakens as Rally of Commodities Slows”
Sterling Falls vs. Euro as Key Interest Rate Remains Unchanged
The Great Britain pound weakened versus the euro today as Britain’s central bank kept the interest rates unchanged and the outlook for European economy improved. The currency continued its advance against the US dollar. Mervyn King, the Governor of the Bank of England, and the Monetary Policy Committee left the key interest rate at the record low 0.5 percent and the program of asset purchases at £200 billion. The outlook for resolution of the European debt crisis improved as demand for Spanish bonds … “Sterling Falls vs. Euro as Key Interest Rate Remains Unchanged”
Chilean Peso Rises with Inflation Expectations
The Chilean peso rose today as the inflation is expected to jump to the highest level in two years, causing the analysts to scrap forecasts that the interest rates won’t be increased. Chilean official announced plans to buy the US dollar, weakening the peso initially, but causing the speculation that the inflation may surge to 3.6 percent by the end of the year. Higher inflation expectations prompted the analysts to expect the interest rates hike, perhaps to 3.5 percent. … “Chilean Peso Rises with Inflation Expectations”