One of the key drivers to a country's currency's value is interest rates. The higher the interest that a country pays on its money, the more than money is worth relative to other world currencies. Those interest rates are guided by ...
Forex Trading Requires Paying Close Attention to the News ...
Source: bankingsite.info
Read more...
Monday 2/6 Insider Buying Report: TRCR, NDAQ
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a...
EUR/USD Falls Despite U.S. Trade Balance Deficit Gain
Euro declined against the U.S. dollar today after growing during the early trading session and yesterday. The increased U.S. trade balance deficit didn’t help the Eurozone currency to advance against the greenback. Traders probably treated the drop in imports and exports...
UK recession may have ended three months ago
Never fear, mates. The UK recession may have ended as long ago as March, says NIESR. It has not exactly been a robust recovery but there appears to have been slight upticks in growth in both March and April, the think tank says. The pound is performing robustly this afternoon amid the green shoots,...
iTradeFX, Becomes eForex?
Since just before Christmas I’ve been receiving emails from a Forex dealer called eForex. Taking a closer look it’s a dealer that based in Panama (that is enough of a red flag, isn’t it?!?) that has only recently started to push business. An industry source has told me that it’s the former...
EUR/USD Short Term Trading Idea - Technical Analysis
EUR/USD has created one of our favored chart patterns. In the below 30 minute timeframe chart, EUR/USD has created a false break out (See...