Archive for November, 2009
Purpose of Demo Trading: What it is, and what it is not
Guest post from ForexTraders.com To be useful, there should be no difference between real trading and demo trading. You should apply the same risk tolerance, the same vision, the same strategies as you would in a real account, should not trade a penny more than what you could trade forex in a real account, and
Forex Daily Outlook – November 27th 2009
On Black Friday, the dollar continues to be in the black, following the present it got from the Dubai crisis. A second wave of weakness sweeps the dollar higher. The Yen has halted, after reaching 85. Not too many events today. Let’s see what’s up for today: In Germany, Import Prices rose by 0.5%, 0.1%
Having Fear for Thanksgiving – Yen Crosses Plunge
Dubai World gave the US dollar a present for Thanksgiving – World fear. Fear of ongoing credit problems is sending the dollar up, and the Yen higher, just as it seemed the US dollar is falling off a cliff. Who said holidays bring boring trading? Dubai World, famous for the artificial date shaped islands it
Forex Daily Outlook – November 26th 2009
It’s Thanksgiving in the US, so trading volume is expected to be low. On the eve of the holiday, we got some action – Swissy under 1, and finally a breakout from EUR/USD. German CPI and British CBI Realized Sales will stand out. Let’s see what’s up for Thanksgiving
Parity Party for the Swissy
The Swiss Franc has reached parity with the US dollar. Apart from the general weakness of the greenback across the board, also the Swiss National Bank has a role in bringing USD/CHF to 1. USD/CHF reached a year-to-date low of 0.9960 and trades now at a perfect 1.0000. The pair last reached this rate in
Reality check for the Pound
After riding on dollar weakness, the Pound got a reminder of the grim reality – the country is still in recession. The reaction was a retreat of the Pound. According to the revised version of GDP, or the second release, the British economy squeezed by 0.3% in the third quarter of 2009. Some of the world’s
Forex Daily Outlook – November 25th 2009
The day before Thanksgiving also brings a crowded calendar. Revised GDP in Britain and Durable Goods Orders in the US stand out. Let’s see what’s up for today: Arabic version of this post Australia starts the day with the amount of construction work. Construction Work Done is predicted to rise by 0.1% in Q3, after a
Euro gets good figures but fails to break – Is a fall coming?
Good figures sent the Euro higher today, but failed to take it out of the range. How long will this last? Are the dollar bulls ready to rage? Preliminary GDP proved correct in Germany. The 0.7% growth that was reported for Q3 was confirmed today with the final GDP release. German Ifo Business Climate exceeded
NetDania presents small features that make a difference
Netdania, a provider of charts for forex and for other instruments, made a few small upgrades to the interface, that are quite useful. One useful change is highlighting the current price in on the right hand side, with a red square. This small square makes reading the charts more comfortable. The second significant change is
Forex Daily Outlook – November 24th 2009
After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook: Japan’s BOJ Monthly Report starts the day, with an insight into the economy.