Post Tagged with: "forex trading"
Forex Weekly Outlook – Januray 26-30 2009
The upcoming week in forex trading features a return of data from the US. The two major events are a new interest rate on Wednesday (probably unchanged), and the Advance GDP on Friday.Also Home Sales information will be in the limelight in America. This week, it’s New Zealand turn to slash interest rates, Canada will
Forex Daily Analysis – January 23rd 2009
On the last day of this wild week of forex trading, the trends of the last days continue: the Japanese Yen is the strongest of currencies, beating only the dollar, which in turn makes gains against all the others. The day began with some good news from Europe: the Flash Manufacturing PMI and the Flash Services PMI
Forex Daily Analysis – January 22nd 2009
After a few days of dollar and Yen rallying, this morning began in a calm way in the forex market. Lots of data due today, that might signal new directions for forex trading. In Japan, the Overnight Call Rate stayed at 0.1% according to expectations. In the accompanying Monetary Policy Statement, the BOJ stated that it still
There is a currency that always goes up
Stock markets go up and down. During these troubled times of a global economic crisis, stocks are tumbling down. Even on the day of Obama’s inauguration, stocks went down. In the Forex market, trading is in currency pairs – which means that when a currency weakens, it loses ground to another currency. So, there’s always
Forex Daily Analysis – January 21st 2009
After yesterday’s ceremonial inauguration of Barack Obama, today is back to normal. Regular economic news will dominate forex trading. The German PPI (Producer Price Index) is expected to show a fall of 1.1%. Also from Europe, yet another speech from ECB’s Jean Claude Trichet. EUR/USD could fall more after Trichet’s speech. Britain, which saw it’s
Forex Autopilot System – Open Source
While searching for information about Forex Autoplilot systems, I’ve asked a question on Forex Factory, and found an interesting project. A participant named LongToBeeFree created a nice piece of software that creates trades automatically – a forex autopilot system. In the first post, he explains about using the Turtles system for getting signals and creating
Forex Daily Analysis – January 19th 2009
The week in forex trading began with no big moves: EUR/USD is now at 1.3348, GBP/USD is at 1.4884, USD/JPY is down to 90.83, and USD/CHF is at 1.1162. Today could see light trading, due to a holiday in the US. In Japan, BOJ Governor Masaaki Shirakawa is speaking in parliament and laying out the plans
Forex Weekly Outlook – January 19-23 2009
Before the new week begins, there were major events during the weekend. The Gaza war is nearing its end, with a unilateral cease fire declaration by Israel. If it holds, the ending of this conflict in Gaza will impact oil prices, stock prices, and forex trading, especially USD/CAD and AUD/USD. More about the Gaza cease
Gaza Ceasefire Declared by Israel
The Israeli cabinet just approved a unilateral ceasefire in the Gaza war. This truce will begin on Sunday, January 18th, at 00:00 GMT, or 02:00 in the middle east. After 3 weeks of intense fighting in Gaza, the conflict might reach it’s end, as this ceasefire is backed by the Palestinian authority, Egypt and major
Obama Inauguration and Forex Trading
In three days from now, Barack Obama will be inaugurated as the 44th president of the USA. The new American administration will definitely make a big change in economic policy and will also affect Forex Trading. Obama’s election, after almost two years of campaigning, was a historic one: he’s the first black president. Obama’s victory