Archive for July, 2009
Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode. American Advance GDP for the second
Forex Daily Outlook – July 31st 2009
Another month comes to end. This time it’s with a bang! American Advance GDP for the second quarter is causing anxiety all over the globe. Also watch out for the Canadian GDP and other figures. Let’s see what’s up or today. Australian Private Sector Credit is expected to rise by 0.1% after falling by 0.1%. AUD/USD
Forex Daily Outlook – July 30th 2009
American Unemployment Claims and British Nationwide HPI are the main dishes for today, and there are more interesting releases. Let’s see what’s up for today: Australian Building Approvals start the day. After plunging by 12.5% last month, they’re expected to bounce back and rise by 7.2%. In Britian, Nationwide HPI is an important release for the
New NFA Regulations – Confusion is Growing
Some brokers explain how they are compliant with the new NFA FIFO rules, and just cause confusion. Some say that your MT4 EAs will break, and that the only solution is a foreign subsidiary, and others claim that your MT4 EAs will survive the changes only if you join them. 4 days till the ruling
Forex Daily Outlook – July 29th 2009
American Durable Goods Orders and a rate decision in New Zealand are the highlights of this busy day in forex trading. Australian HIA New Home Sales starts the day. Last month, this figure fell by 5.7%. In New Zealand, NBNZ Business Confidence is an important release that will give a broad view over the economy. A bigger
Emotional Control: The secret key to El Dorado
Guest post by ForexTraders.com It is well-known that a majority of forex traders fail. But it is not equally well-known that the main cause behind such a high rate of failure is unrelated to the market itself. Not analysis, and strategy, not education and learning, but lack of emotional restraint and mental composure are the
Forex Daily Outlook – July 28th 2009
American CB Consumer Confidence and British CBI Realized Sales are the major events for today. And there’s more…Let’s see what’s up for today. Australian CB Leading Index starts the day. It’s followed by the NAB Quarterly Business Confidence. At 3:00, RBA Governor Glenn Stevens will speak about the Australian economy. In Switzerland, the UBS Consumption Indicator has fallen in the
NZD/USD Outlook – July 27-31 2009
The kiwi awaits important events this week, with the rate statement as the “best for last”. Here’s an outlook for this week’s events in New Zealand, and a technical analysis for NZD/USD. Trade Balance: New Zealand usually enjoys a surplus in its export oriented economy, yet the size of this surplus isn’t stable. In the
New NFA Rules – Will you Switch Brokers? Poll
It’s the last trading week before the new NFA rules take effect and shake the world of forex trading. American traders will soon find surprises in their forex platforms that will prevent hedging and will also be quite annoying. Are you going to switch to a foreign broker on these new regulations? Did you already
Forex Daily Outlook – July 27th 2009
American New Home Sales are the major release for the first day of forex trading this week, which isn’t too crowded with indicators. Let’s see what’s on the menu: Ben Bernanke will be interviewed at the wake of the new forex trading week. The interview will be aired on PBS in the following days, but