Gold to Go, the manufacturer of gold ATMs, is working hard to meet the demand for its vending machines. From a gimmick of two machines operating now, their business will grow to 50 quite soon. This is the result of the rising prices in gold. Is this is a sign for the Euro? For the … “Gold ATMs Going Global – A Sign for Currencies?”
Category: Opinions
Aussie Still Suffering from European Problems
The Australian dollar is edging lower, after major fundamental news came out as expected. It’s now hovering over an important support line. Will it continue suffering from global fear? Australian GDP grew by 0.5% in the first quarter of 2010. This was slightly short of the 0.6% growth rate that was expected. Looking beyond the … “Aussie Still Suffering from European Problems”
Euro Breaks Down on Imminent Double Dip Recession
EUR/USD began a fresh downfall, losing the previous support line and heading down. The market begins digesting the meaning of the austerity programs that flood the continent – a good chance of double dip recession brings the currency down – the high unemployment rate increases the chances of this. Update on the next milestones. The … “Euro Breaks Down on Imminent Double Dip Recession”
5 Reasons to Invest in the Israeli Shekel
Guest post by Melissa Tamura Nowadays, many investors have become wary of the dollar, with all of the money printing that has gone on stateside in the last two years. The money supply was grown at a rate of 300%, and this assuredly spells inflation disaster and currency devaluation troubles in the near to medium … “5 Reasons to Invest in the Israeli Shekel”
Best Non-Farm Payrolls in 13 Years?
The upcoming Non-Farm Payrolls release on June 4th holds high expectations – a job gain of 500K jobs, the best since 1997, but this includes special government hiring. Here are the things to watch for in this release, and the expected impact on currencies. It’s important to stress that the Non-Farm Payrolls release is the … “Best Non-Farm Payrolls in 13 Years?”
Dollar Rides on Bad US Figures
Risk aversion is the name of the game these days: US GDP was revised to the downside and jobless claims were higher than expected – the result from these bad numbers – another rise in the dollar across the board. Could this start a fall of the Euro to new lows? Gross domestic product for … “Dollar Rides on Bad US Figures”
2 Trillion Euros of Debt – Euro Has More Room to Fall
Fresh estimations about the size of Greek, Spanish and Portuguese debt to other countries stands at the huge sum of 2 trillion euros. These numbers, bigger than estimated earlier, cast a huge shadow over the Euro. Jacques Cailloux, who is the chief European economist for the Royal Bank of Scotland, showed that the public and private … “2 Trillion Euros of Debt – Euro Has More Room to Fall”
Price Action Alert: This Trade Will Make You Hundreds Of
Guest post by Jason Madison of beatwallstreetnow.com Hello All, I am back to alert you to another highly profitable trading opportunity emerging in the Eur/Jpy. By now you all should be familiar with the inside candle breakout technique I have showed you in previous my previous post. If not, get yourself up to speed by viewing … “Price Action Alert: This Trade Will Make You Hundreds Of”
Britain’s Growth Upgraded – Pound Unexcited
British growth for the first quarter was revised to 0.3%. GBP/USD rises, but the initial gains were limited and erased quickly. Will the Pound make a real recovery? Update on this vulnerable pair (including technical levels). The initial release of British GDP for Q1 of 2010 was very disappointing – the growth rate was only … “Britain’s Growth Upgraded – Pound Unexcited”
4 Hot Tips That Will Kick Your Forex Trading Career
Guest post from Jason Madison of beatwallstreetnow.com 1. Develop a trading plan and stick to it. Trading is just like any other business if you don’t have plan of action you are destined to fail. A trading plan is a necessity because without one you are just gambling. A good trading plan will have defined … “4 Hot Tips That Will Kick Your Forex Trading Career”