Archive for September, 2009
Support Line – Courtesy of the Bank
The SNB did it again. They intervened in the forex market to weaken the Swiss Franc. Against the dollar, these moves sure are short lived, but regarding the Euro, the central bank sure marked a support line for EUR/CHF. The Swiss National Bank intervened again in the currency markets to weaken the national currency. Like
Forex Daily Outlook – September 30th 2009
A very busy day expects forex traders today. In the US, the ADP Non-Farm Payrolls and GDP stand out. There are very important figures from all parts of the world. Let’s see what’s on the menu today: Australian Building Approvals disappointed and fell by 0.1% instead of rising. Also last month’s figure was revised downwards.
Forex Daily Outlook – September 29th 2009
American CB Consumer Confidence and a lot of British figures dominate the scene today. Will EUR/USD recover from the plunge it made this week? Let’s see what’s up for today. Note: After a ten day vacation, I’m glad to back, and I’;m catching up what I’ve missed in the forex scene
German Elections and the Euro
General elections are held in Germany on Sunday, September 27th. Learning from the past, EUR/USD may move strongly at the beginning of the week, and even start with a weekend gap. Germany’s general elections are held on Sunday, September 27th. The main contestants are the incumbent chancellor Angela Merkel of the center-right CDU party, and
Why is the Geppy So Popular?
Out of all the possible combinations of crosses, GBP/JPY, also known as the Geppy, is probably the most popular cross. Here are some possible reasons. GBP/USD combines the British Pound and the Japanese. The most popular pair in the world is EUR/USD. The Geppy doesn’t include the Euro. Although EUR/JPY and EUR/GBP are also respected and
Forex Trading in the Same Position Sizes
New forex traders are usually advised to use the same position size. This is good for beginners for several reasons. But do seasoned forex traders still keep this habit? Do position sizes grow with experience? Do they change according to the type of the position? Fixed position size for newbies New forex traders should trade
Forex Daily Outlook – September 18th 2009
After a hectic weak that saw much dollar weakness, Friday’s calendar isn’t crowded at all. Apart from a few indicators, a “Friday effect” may occur near the end of the day. Let’s see what’s up: Japan starts the day with the BOJ Monthly Report. After the Monetary Policy Statement stated that there are signs of
Forex Daily Outlook – September 17th 2009
Many currencies are enjoying YTD highs against the beaten dollar this morning. The calendar is packed with events from all over the world. The Swiss rate decision might include an intervention in the markets. Let’s see what’s up today. Take a deep breath
Get Carried To Profits With The Carry Trade
Guest Post by ForexTraders.com If you’re going to learn about just one market-moving catalyst when it comes to foreign exchange trading, history shows it should be interest rate decisions by the world’s major central banks that move currency market more than any other news event. The reasoning behind this is pretty simple. The forex market
Forex Daily Outlook – September 16th 2009
The dollar continues to weaken, especially after Bernanke’s speech. Today’s calendar is packed with CPI from Europe and the US, employment figures in Britain and many other releases. Let’s see what’s up for today. Although the dollar weakens, it doesn’t affect all currencies. Mervyn King sent the Pound down yesterday. On the other side of