The United States Gross Domestic Product (GDP) rose from October through December 2011 at its fastest rate in a year and a half, showing that the US economy grew 2.8 percent in the fourth quarter but trailed forecasts. The main driver behind the ...See all stories on this topic »Trading Point
Forex News – US economy grows less than forecast
Source: www.google.com
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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...
USDCHF continued its upward movement
USDCHF continued its upward movement from 0.8569 and the rise extended to as high as 0.9112. Support remains at the uptrend line on 4-hour chart,...
Daily Forex Tips - June 8th 2009
12:15 GMT – CAD – Housing Starts - Number of new residential buildings which began construction during the previous month. - Released monthly, but in an annualized format. - Figure is forecast to rise from last month to 127K from 118K. - Could have a positive impact on the CAD if forecast is...
Lacker: Brighter economic outlook, falling deflation fears shape yield curve
Commenting of the very steep US yield curve, Richmond Fed’s Lacker says that a brighter economic outlook and easing deflation fears are mostly responsible. Left unsaid (or unreported) is the fear of a dollar decline are a big part of the back-up in yields as foreign investors fear their...
Volatility Analysis: EUR/USD
[Click on the graph above for a larger version] One of your most important indicators for trading the Forex market is the clock. Knowing how to trade — using technical and fundamental analysis, managing risk, adopting a trader’s mindset — is critical, but your effectiveness as a...