Forex Leverage Limit 50:1 – Will US Traders Run Away?
It took the CFTC a lot of time, but they finally finalized their ruling for forex: leverage will be limited to 50:1 on major currencies, and 20:1 on minors. The pressure against the initial 10:1 proposal worked, but the industry will still change. American traders: Will you stay with your American broker? In January, the [...]
Fundamental Overview – Market Movers Last Week – 8/30/2010
Guest post by ForexTraders.com The U.S. Dollar turned in a mixed performance last week without moving much against any of the other major currencies. Traders reported that the primary boost to the Dollar’s fortunes versus the Euro and Pound Sterling was the news out last Tuesday that the Standard and Poor’s rating agency had downgraded Ireland’s [...]
Reminder – Trivia Quiz Live and Kicking – Win Cash Prizes
I wish to remind everybody that the forex quiz continues. We already have interesting developments. The forex quiz consists of 4 simple questions. All you have to do is answer the questions and collect Facebook “Likes” from your friends. The answers to these questions can be easily found on both sites: Forex Crunch and Forex Rate It. [...]
Coordinated Intervention To Weaken the Yen?
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise. The governor of [...]
Forex Binary Options Setups – August 30 – September 3
Non-Farm Payrolls, GDP releases, consumer confidence and many more high risk news event provide opportunities for binary options on currencies. Here are potential setups for forex this week. Binary options can be utilized as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options [...]
Lifting Inflation Goals? Bernanke Hints Awful US Situation
Ben Bernanke talks about adding more stimulus steps if necessary, and mentions a surprising option of lifting inflation goals to boost the economy. While he said this step doesn’t have support in the FOMC, the fact that he even mentioned it is a big surprise. This is his subtle way of saying that the situation [...]
US GDP Sharply Revised Downwards – Trading Remains Tight
The second release of GDP for the second quarter was indeed bad – a downwards revision from 2.4% to 1.6%, slightly better than a revision to 1.5%. The initial reaction was dollar positive, but this was quickly erased. EUR/USD was down from 1.2720 (almost the resistance line) to 1.27. This drop was very limited and [...]
Improved British Growth Doesn’t Cheer Pound
British growth for the second quarter was unexpectedly revised to 1.2%. These good news lifted GBP/USD lifted the Pound only for a short period of time. Worries about the future and the upcoming second release of GDP for the US loom. Update on cable. British GDP already posted a big surprise in the first release [...]
Fundamental Overview – Market Movers Last Week – 8/23/2010
Guest post by ForexTraders.com The U.S. Dollar did not move much last week, and showed mixed results overall in terms of its performance against the other major currencies. Traders reported that the primary shock to the Dollar’s fortunes was the news out last Thursday that U.S. Initial Jobless Claims had risen to the psychological 500K mark [...]
[Video] Falling Euro, Risk Aversion, Potential Breakouts and More
On the weekly interview on Forex TV, I spoke with Julie Sinha about the falling Euro, summer trading and also touched a few interesting currency pairs that could break out this week, given the calendar events (also covered here). Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s [...]
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