The “currency war” is raging with countries intervening in the forex markets, devaluing their currencies and pausing on necessary rate hikes. Europe seems unable to deal with China and the rest of the world. The Euro is on the rise and this will eventually hurt the European economies. The big problem is China that maintains … “Europe Losing the Currency War”
Category: Opinions
Fundamental Overview – Market Movers Last Week – 10/04/2010
The U.S. Dollar continued its decline against all the major currencies last week, extending its previous week’s substantial losses. The U.S. Dollar Index lost -1.31 points last week to close at 78.09, showing a net loss of -1.65 percent. The Euro was again the best overall performer against the Greenback, rising 2.1 percent last week. … “Fundamental Overview – Market Movers Last Week – 10/04/2010”
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[Video] No One Left to Short, British Dilemma, NFP and
In the weekly interview on Forex TV, I spoke with Julie Sinha about the possible turning point for the US dollar, the dillema that British policymakers face in the interesting rate decision, the busy week in Australia, and the Non-Farm Payrolls of course. Enjoy: Contrary to what many thought, a rate hike in Australia wasn’t … “[Video] No One Left to Short, British Dilemma, NFP and”
5 Most Unpredictable Currency Pairs II
Some currency pairs are truly annoying – they can criss-cross through clear levels of resistance and support,surprise when least expected and find the trader grabbing his head with anger. Here are my top 5 pairs that are the toughest with technical analysis: USD/JPY – Not only does it criss cross through clear lines, the BOJ … “5 Most Unpredictable Currency Pairs II”
Positive Jobs, Positive Dollar? Non-Farm Payrolls Preview
Non-Farm Payrolls for September 2010 could be positive for a change. This is the last time that the decennial census will disrupt the numbers. Here are the things to look out for in the monthly circus. The number of employers that working on the huge decennial census project dropped from 83K to around 9K in … “Positive Jobs, Positive Dollar? Non-Farm Payrolls Preview”
Pound Lags Behind
The British Pound stayed behind in the race to beat the greenback.New QE programs loom over the currency. GBP/USD is still in old ranges and some Pound crosses are in areas not seen in quite some time. GBP/USD reached a peak of 1.5998 at the beginning of August. Since then, it dropped and then recovered. While … “Pound Lags Behind”
Canadian Contraction – A Sign for the US?
The Canadian economy squeezed by 0.1% in Jult, the first month of Q3. While the figure came out within expectations, it’s a warning sign for Canada’s biggest trade partner – the USA. Canada is unique in releasing GDP figures on a monthly basis, rather than once a quarter. After excellent growth first quarter, and an … “Canadian Contraction – A Sign for the US?”
This Emotion Will Destroy Your Trading Career
Guest post from visionsofaffluence.com So you just had a few good trades and now you feel like you’re on top of the world. You feel like you finally have this forex trading thing down and that from here on out everything that you touch will turn to gold. You are unstoppable and pretty soon you will … “This Emotion Will Destroy Your Trading Career”
5 Most Predictable Currency Pairs II
Some currency pairs tend to “play by the rules” of technical analysis – when approaching a clear line of resistance or support, the pair will bounce back. And if the pair has the momentum to cross the line, it makes a clear break and doesn’t look back. But not all currency pairs are equal. Some … “5 Most Predictable Currency Pairs II”
Why Some Traders Almost Always Profit
Guest post from visionsofaffluence.com In this crazy business we call forex trading it may be difficult for some to imagine that anyone can remain profitable over the long haul. The markets themselves are often wildly unpredictable so much so that most people find it extremely difficult to be profitable on a single day let alone being … “Why Some Traders Almost Always Profit”