Euro/Dollar had another positive week, but it failed to break above the important long term resistance line. Also the short term trends show an exhaustion. Will it turn down? EUR/USD began a strong upwards move on last week’s Non-Farm Payrolls but couldn’t break the resistance line. These moves came on top of US weakness and … “EUR/USD Ending Bullish Correction?”
Category: Opinions
USD/CAD Drops on Excellent Canadian Job Figures
Canadian unemployment rate fell to 7.9% and 93,200 jobs were gained. This huge surprise sends USD/CAD way down below the support line. Early expectations saw the unemployment rate unchanged at 8.1%, as it didn’t change last month. Not only did it fall, but it dropped below the round number of 8%. And similar to the … “USD/CAD Drops on Excellent Canadian Job Figures”
GBP/USD Stuck in a Range – Will it Fall?
GBP/USD is trading in an almost perfect range in the past week. The longer the range – the stronger the explosion, but in which direction? Here are some reasons for it to go down. Last Friday, GBP/USD enjoyed the weak Non-Farm Payrolls in the US to rise to new levels. Since then, it has traded … “GBP/USD Stuck in a Range – Will it Fall?”
EUR/USD Out of Air?
EUR/USD continued pushing forward and touched 1.27. At this point, it seems that the heights aren’t easy for the pair, that still carries debt issues and gloomy forecasts. Update on this pair. Euro/Dollar continued the trend that began with the weak Non-Farm Payrolls on Friday and gradually edged up during the week – from the … “EUR/USD Out of Air?”
Aussie Leaving Dust Behind it on Jobs Data
Important job figures showed another improvement in Australian employment. This pushed the recovering AUD/USD above technical barriers on its way up. Update on this strong currency. Australian employment change showed a gain of 45,900 jobs in June. This was triple the early expectations that stood on a modest gain of 15,000. It’s important to note … “Aussie Leaving Dust Behind it on Jobs Data”
Fundamental Overview – Market Movers This Week – 7/5/2010
The U.S. Dollar had a mixed performance last week, rising sharply against the commodities currencies, where it gained 3.9% versus the Aussie, 3.6% against the Kiwi and a slightly less dramatic 2.5% vis-à-vis the Loonie. Nevertheless, the Greenback declined 1.5% and 0.9% against the Euro and Sterling respectively, and the Dollar also fell sharply against … “Fundamental Overview – Market Movers This Week – 7/5/2010”
Proper Money Management Will Make Forex More Mainstream
In the third article about making forex more mainstream, we’ll examine the role of money management – a buzzword often heard but rarely practiced. Previous article: Forex Education – The First Step to Make Forex More Mainstream. Previous article 2: Forex in Banks – Essential for Bringing Forex to the Masses With stock portfolios, people are … “Proper Money Management Will Make Forex More Mainstream”
Forex in Banks – Essential for Bringing Forex to the
Having the ability to trade currencies using regular banks will be a big step forward in bringing forex trading to the masses. This is the second article in a series of articles about forex coming to the mainstream. Previous article: Forex Education – The First Step to Make Forex More Mainstream. Most people make investments … “Forex in Banks – Essential for Bringing Forex to the”
Education – The First Step to Make Forex More Mainstream
Currency trading is growing rapidly worldwide, yet it’s still far from the mainstream. Education has a primary role in making a change. This is the first article in a series of articles about forex coming into the mainstream. Many newcomers to forex trading don’t know what they’re doing. This is no secret. This lack of … “Education – The First Step to Make Forex More Mainstream”
Fundamental Overview – Market Movers This Week – 6/28/2010
Although the U.S. Dollar was more or less neutral versus the Euro on the week, the British Pound Sterling was up 1.6% as the market reacted favorably to the new Conservative/Lib Dem government’s Emergency Budget. The Greenback sold off even further last week against the Aussie, Kiwi and Yen in the wake of an important … “Fundamental Overview – Market Movers This Week – 6/28/2010”