The foreign exchange market is not as confusing as it seems. Some background information and helpful hints can get you on your way to understanding forex trading basics. The foreign exchange is the largest and most liquid market in the ...
Forex Trading Basics: Helpful Advice For Beginners | Forex ...
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Cable rallies again, triggers stops
OK OK, so the bloody middle eastern sellers weren’t so canny this time round. Cable up, triggers stops above 1.6225 and spikes to 1.6238. Technical resitance now 1.6250/55. Elsewhere EUR/USD has been down to test aforementioned support at 1.4900/05, presently back up a shade at 1.4915....
Brown to hold a press conference at 15:30 GMT
Beleagured Gordon Brown is set to hold a press conference in just under an hour. He is more likely to annouce a cabinet reshuffle than his resignation. Darling is set to retain his post, much to the market’s delight (tongue firmly in...
Forex: Euro Weakens Versus Major Rivals After US Jobs Report
(RTTNews) - The euro saw some weakness versus other majors as traders turned to safer currency investments after data showed the U.S. unemployment rate surged to a new 26-year high above 10 percent. The euro moved slightly lower amid choppy trading against the dollar, trading near 1.4840. The...
GBP/USD consolidating after surge
Cable has been a standout in late London trading as EUR/GBP definatively tool out the 0.85 region and fell toward 0.8480. This helped launch cable higher and set off a short-covering rally in all the currencies which finds EUR/USD back at 1.4025 and Cable at 1.6490. It reached 1.6510 at its rebound...
FOREX-Dollar rebounds after sell off, euro hurt by data
By Vivianne Rodrigues NEW YORK, June 12 (Reuters) - The US dollar rose broadly on Friday, rebounding from a selloff earlier this week, while demand for the ... See all stories on this...