Even though it is not quite difficult to make money from the Forex market, it still has its own risks and some lessons to be learnt. Today the technology is so advanced that trading does not have to be manual anymore. ...
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Advantages Of Using Forex Trading Software » OnlySoftwareBlog
September 2 2010, 7:28am | Comments »
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Forex: EUR/USD hovers directionless at 1.2800
FXstreet.com (Barcelona) - EUR/USD upside correction from 1.2586 on Aug 24 hit its highest level for 2 weeks at 1.2854 on Sept 1, after a higher risk ...See all stories on this topic »
September 2 2010, 6:19am | Comments »
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forex signals live | Forex Trading Machines
Tools such as charts and historical data, statistics, demo accounts, and many other simulators are used to their lives as Forex traders a little easier. It depends on how the operator wishes to trade and what is the trading style of ...
September 2 2010, 5:51am | Comments »
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Download Forex Software [Forex Software and Strategies]
Forex Strategy Builder and Forex Strategy Trader are freeware programs. That means you can download, use, and distribute them freely. ...forexsb.com/wiki/download
September 2 2010, 5:14am | Comments »
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GBPUSD may be forming a cycle bottom at 1.5326
GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle...
September 2 2010, 5:03am | Comments »
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Forex Trading – Why All The Hype?
Forex Trading - Why All The Hype? Forex trading is all about making big money. Some investors have found it quite easy to make a large.
September 2 2010, 4:49am | Comments »
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The Trading Genie: Forex Trading Improvement | Social-Bookmarking.Net
The trading genie improve Learn tips trading news and review about forex trading Market stock trading business trading loan mortgage books review and free ebooks Growing your profit and income and business plan.
September 2 2010, 4:05am | Comments »
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Forex: EUR/USD firm above 1.2800
FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.2804. Euro managed to post impressive gains today, following risk appetite since early Europe: stocks ...See all stories on this topic »
September 2 2010, 3:32am | Comments »
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Brand New Forex Trading iPhone App – iDealForex
Brand New Forex Trading iPhone App – iDealForex. Private investors can now trade forex on their iPhone with Forex Club Financial Company's iDealForex app.PRLog.Org World Top 10 - http://www.prlog.org/rss/world-all-top10-summary.xml
September 2 2010, 2:24am | Comments »
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Forex: EUR/USD retreats from 1.2855
According to Fan Yang, currency analyst at CMS Forex the pair appears to be developing a zig zag correction pattern. "The current rally can be expected to ...See all stories on this topic »
September 2 2010, 1:42am | Comments »
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Growth provides fillip for Australian dollar
The Australian dollar makes rapid progress as forecast-beating growth data dents expectations that the Reserve Bank of Australia will cut interest rates
September 2 2010, 1:00am | Comments »
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Emerging market dollar-issues soar
Companies and governments in emerging markets borrow more cheaply in the dollar than in their currencies for the first time in two years
September 1 2010, 11:02pm | Comments »
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Forex Daily Market Commentary
The rotation from the dollar into the other safe-havens continued as uncertainty on the economic outlook persists following several data releases and...
September 1 2010, 11:00pm | Comments »
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May cause side FX
The continuing and increasing popularity of forex trading may be relatively easy to explain, but it is much harder to justify
September 1 2010, 10:18pm | Comments »
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3 Financial Trading Tools To Enrich Your Trading
By Jonathan Dayan - Financial trading tools like market insight tools, trader messaging tools and social trading networks can deliver a lot of added...
September 1 2010, 8:48pm | Comments »
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Euro Breaks Out Of Range on Global Risk Appetite
By Michael Trinkle, ForexTraders After nearly 2 weeks of trading within a tight 150 pip range, the euro broke upside resistance at 1.2780 during the London session early Wednesday morning. The euro actually broke through 2 key swing HI’s on the hourly chart as it broke to the upside, so we could see further euro gains in the coming days. In this chart, you can see the two clear swing HI’s in the green-shaded boxes that the euro broke above in order to post new HI’s this morning. Then, the euro continued to push higher in early New York trading as buyers bid EUR/USD up to the 1.2850 area. The euro will face heavy resistance in the 1.2900 area and should see sellers protect the area initially. If the euro moves higher during the NY trading session and pressures the 2900 level, there may be very strong selling interest today. The euro has already moved beyond its daily range at the start of the NY session, and when a currency pair is overbought as the euro is today, it oftentimes has strong difficulty breaking through key areas of support and resistance. The push from 1.2800 to 1.2850 during early NY trading was due to the ADP Employment figure that came out at 8:15 est. The number was a big disappointment as it posted at -10k versus the expected figure of +15k. This means there was a loss of 10,000 jobs instead of the expected gain of 15,000. The focus in the United States is heavily on employment figures. The very poor labor market conditions are weighing on economic recovery and this number today is yet another confirmation that the U.S. economy is really struggling. Economists and investors know this, but each disappointing figure just makes it worse. The ADP Employment number can also be a leading indicator for Friday’s Non-Farm Payroll, and if it is in this case, we could see a very strong bout of risk aversion enter the market. The question is which direction will the Dollar go? Case for Dollar Weakness Generally, when U.S. data comes out very poor, the Dollar tends to get strong as investors rush into the safety of the U.S. Dollar. Then, as U.S. data comes out good, investors tend to sell the Dollar as they rush out of the low-yielding Dollar and into higher-yielding currencies. However, during the last 3 months we have seen this correlation break down. During the months of June and July, market participants aggressively sold the U.S. Dollar as key economic data came out negative. Let’s break down why this has been happening. The current global recovery is facing a major wall of resistance as the U.K., U.S., China, and the EuroZone are all facing uncertain financial conditions. The U.S., however, seems to be facing the most difficulty at the moment. China is still moving forward in very strong fashion, they are simply going through a period of slower than usual growth. The same seems to be true in the U.K. and the EuroZone. The U.S. is in a different place, though. In the U.S., the threat is not only an economic slow-down, but an actual economic contraction. Key economic indicators seem to be pointing to a possible double-dip recession in the United States, and some economists are beginning to predict that the Q3 GDP may read negative in the U.S. Two consecutive quarters of negative GDP constitutes a recession. Since the U.S. is really facing this potential threat alone, investors are beginning to raise the possibility of selling the U.S. Dollar as U.S. news continues to come out negative. If this phenomenon continues, it could serve disastrous for the U.S. Dollar. Investors have long been not interested in holding the Dollar during good times because of the incredibly low yield offered. However, the market has tended to hold the Dollar during bad times since investors want the safety of their capital above everything else. What will happen if the U.S. heads into economic contraction and other developed nations do not? How will this affect the U.S. Dollar? Most likely the U.S. Dollar will weaken significantly because there will be no reason for investors to hold it. This could be the beginning of the great U.S. Dollar bear run that many economists and experts have been predicting for some time. We have seen hints of this phenomenon unfold during June and July and we have seen it again today. Case for Dollar Strength Unfortunately, it seems that the only case for real U.S. Dollar strength during the 2nd half of 2010 and into 2011 is if the global economy slows significantly. Currently, investors are unsure of the economic outlook. There are many mixed signals in the market, and the economic outlook is probably more uncertain right now than in recent history. At the beginning of The Great Recession, at least investors knew we were in trouble. Now, no one is sure. Are we going to rebound and move up from here, or is there still significant downside risk? Of course, there is downside risk, but no one knows how far we will fall, if we will fall, or when we will fall if we do. The outlook is very uncertain. As long as the global outlook remains uncertain, the U.S. Dollar should find strength as investors are unwilling to completely depart from the safety of U.S. Treasuries. However, if the global economy does deteriorate during the next month to several months, and it becomes clear that other countries are in the same degree of trouble as the U.S., then the Dollar should remain in bullish mode. Lately, we have seen poor U.S. news come out, the market sells the Dollar aggressively, and then after 15-30 minutes of Dollar selling, the market reverses course and begins buying the Dollar only to retrace all the Dollar weakness and actually move into further Dollar strength within several hours. This is what is playing out during the NY trading session at the moment, as investors remain very uncertain of the economic outlook. More articles from ForexTraders….
September 1 2010, 8:41pm | Comments »
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Forex: US Dollar Falls, Stocks rise on manufacturing data. ADP Employment declines in August
The US dollar has been trading lower against most of the major currencies in the forex markets as positive manufacturing data has boosted risk...
September 1 2010, 7:41pm | Comments »
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3 Reasons Now is Not the Time to Speculate in Stocks
In an interview with Jeff Sommer of The New York Times in July 2010, Robert Prechter said that he is convinced that a "market decline of staggering...
September 1 2010, 6:55pm | Comments »
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EUR/USD Rises on US Unemployment & Construction Spending
The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed surprising result, only this time it was positive surprise. EUR/USD trades currently at 1.2818. ADP unemployment rate posted…
September 1 2010, 5:47pm | Comments »
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Gold Testing All-Time High, Again
By Russell Glaser – Spot gold prices have surged and are closing in on their all-time high. Negative risk sentiment surrounding the recovery of...
September 1 2010, 5:25pm | Comments »