Where forex transactions are done is what also sets forex apart. Unlike other markets, the transactions in forex trading are coursed through the inter-bank market wherein the bank itself will directly handle the financial transactions ...
Understanding Forex Trading – What sets Forex Apart?
Source: www.bestforextradingusa.com
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Geithner to urge forex flexibility in China
Reuters WASHINGTON (Reuters) - US Treasury Secretary Timothy Geithner will discuss with top Chinese officials how to boost global economic growth as well as the ... See all stories on this...
The quick and the dead…
The turns come quick in EUR/USD…Prices slide all the way to 1.3914 before offers were snapped up by real-money accounts and prices soon rebounded above 1.3950 level. Oil has rebounded as well and is back on the $71 level near the close of pit trading while bond yields have backed off a touch...
Bundesbank board member sees no end in sight to dollar weakness
It’s been a long time since the market has paid attention to Bundesbankers below the level of President Weber. Comments from Board member Sarrazin might get some notice as they go with the grain of the market at the moment and he has recently been in the news for other reason. Sarrazin says he...
Forex: EUR/USD: Euro post weekly gains
Despite a decline on Friday, the Euro ended the week 0.79% higher against the Dollar. EUR/USD finished Friday trading in a range between 1.4830 and 1.4850. The Dollar failed to confirm a break below 1.4700 and on Wednesday the Euro rallied after the FED decided to leaves rates unchanged but on...
EUR/JPY technicals: scope to fall to 130.60
Price has now fallen below the short term moving averages and many model players will now await a negative cross. The breakdown level was 135.80 and that should now prove to be a good short-term resistance level. Next support can be found at a series of former highs around 133.30. The target for...