This morning’s influx of European figures was good, while British numbers were disappointing. This sent EUR/GBP to the high end of the range but didn’t supply a breakout. Will we see EUR/GBP jump? German job market improving German Unemployment Change was excellent: The number of unemployed people in Germany fell by 1000 people. The number … “EUR/GBP Awaiting a Breakout”
Category: Opinions
Forex Trading and GDP Differences
Britain’s GDP for the second quarter was revised upwards today. Revised GDP exceeded the initial publications in many countries. If the second quarter is better, will we see strong growth in the third quarter? A look at recent releases and their impact on forex trading. Not all countries are recovering equally, and these differences are … “Forex Trading and GDP Differences”
Forex Trading At Summer Time
The month of August is vacation time for many people. This affects the forex market’s volume, which is lower, but it doesn’t necessarily impact the volatility. There’s one more summer week left. Afterwards the moves will be stronger. Some currency pairs trade in narrow and expected ranges, while others go wild. Let’s see some examples, … “Forex Trading At Summer Time”
Catious European Recovery Helps EUR/USD
European recovery is lead by Germany and France. Today’s PMI figures showed. The other countries are lagging behind, and the forex market reacts cautiously. Will the whole continent prosper? Will EUR/USD break out of the range? European Purchasing Managers’ Indexes were better than expected. Data from France was the earliest. French Flash Services PMI scored 48.9, … “Catious European Recovery Helps EUR/USD”
Early Recovery in Europe?
Europe has suffered deeply from the recession, and didn’t seem to be getting out of it soon. Today’s surprising GDP figures showed that the old continent’s largest economies have shown growth in the second quarter. EUR/USD made an initial small rise, but these surprising figures are very important for the markets. Prelim GDP was leaked … “Early Recovery in Europe?”
FOMC Statement – An Opportunity to Short the Yen Crosses
Ben Bernanke and his colleagues at the FOMC are making their first rate decision after the unexpected drop in the American unemployment rate. Here are two dollar-bullish moves they could do. Since the dollar yen correlation is strong, shorting the yen crosses looks quite interesting. Here’s a preview for the FOMC Statement: Past Dollar Yen … “FOMC Statement – An Opportunity to Short the Yen Crosses”
Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode. American Advance GDP for the second … “Friday Effect Hurts Dollar but Doesn’t Break Any Levels”
New NFA Regulations – Confusion is Growing
Some brokers explain how they are compliant with the new NFA FIFO rules, and just cause confusion. Some say that your MT4 EAs will break, and that the only solution is a foreign subsidiary, and others claim that your MT4 EAs will survive the changes only if you join them. 4 days till the ruling … “New NFA Regulations – Confusion is Growing”
First In, Now Out
Less than 10 days till the anti-hedging NFA regulation is imposed on the forex market, and it seems that many traders will take their money elsewhere in order to avoid the annoying software restrictions that the anti-hedging regulation means. American forex traders can avoid the new anti hedging regulation by switching to a foreign broker, … “First In, Now Out”
Will Traders Switch Forex Brokers on New NFA Rules?
The new NFA rules are will be in effect in about two weeks. The anti-hedging rules implies new limits on trading software. It might cause many US traders to shift to foreign brokers or to search for a broker that doesn’t make things hard. It might trigger traders that aren’t fully satisfied to switch brokers. … “Will Traders Switch Forex Brokers on New NFA Rules?”