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What To Expect From Forex Trading?

posted by fahrell 784 days ago in USD, Special made popular 784 days ago

If you are trading USD pairs, then you should look out for any orange or red coded USD news as it will affect your trade. Below are the 3 ways to approach news events. It is all about making big money in a short time in Forex Currency Trading!

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Obama says U.S. unemployment on turning corner

posted by fahrell 785 days ago in USD, Employment made popular 785 days ago

U.S. President Barack Obama said Friday that the country's high unemployment was beginning to turn the corner on as the newly released labor report showed " encouraging" data.

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EUR/USD trapped at 1.3550/60

posted by fahrell 786 days ago in USD, EUR made popular 786 days ago

The Euro is trading in a narrow market against the Dollar just trapped...

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Euro gains on burst of shortcovering

posted by fahrell 790 days ago in EUR made popular 790 days ago

The euro jumped in early Asian trade on Monday on a bout of short covering by investors, extending broad gains made late last week after euro zone leaders approved a safety net for debt-laden Greece.

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Forex Magic Machines Are The Best Advisors

posted by fahrell 791 days ago in USD, EUR, Special made popular 791 days ago

If you are an investor, a few minutes watching the stock market these days is enough to put holes in the stomach. While common stocks were once considered the place to be, the economy has changed all that and people are seeing fortunes disappear.

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Greece backstop should stabilize euro

posted by fahrell 792 days ago in EUR, Trade made popular 792 days ago

European leaders on Friday said their hard-won deal to rescue debt-ridden Greece after months of bitter wrangling will help calm jittery markets and stabilize the euro.

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Economy grows by 5.6% in US

posted by fahrell 792 days ago in USD, Yearly, GDP made popular 792 days ago

The US economy grew by an annualised 5.6% at the end of 2009, slightly weaker than the 5.9% previously estimated, but still the fastest pace in six years, the Commerce Department in Washington said.

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Exchange-rate doubts discourage dollar loans

posted by fahrell 793 days ago in USD made popular 792 days ago

Lending rates for dollar loans from commercial banks currently range from 5.5 to 8 per cent per year, compared to a whopping 16-19 per cent per year in negotiated rates for medium- to long-term dong loans.

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Canadian dollar holds slight gains after Greece proposal

posted by fahrell 793 days ago in CAD, Inflation, Trade made popular 793 days ago

Canada's dollar ended a touch higher against the U.S. currency on Thursday as concerns over a framework to resolve Greece's debt woes offset a growing conviction that Canadian interest rates could rise sooner than later.

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Prospects Of NZ Interest Rate Hike Improve

posted by fahrell 794 days ago in NZD, Inflation made popular 794 days ago

The latest New Zealand GDP figures for Q4 last year came in at 0.8%, which was largely as expected. The market is of the opinion that the RBNZ will start raising rates again in July/August and these figures make such a move increasingly likely.

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The U.S. Dollar: Ancient History?

posted by fahrell 796 days ago in USD, GDP made popular 796 days ago

Love it or hate it, the U.S. dollar is still the world's premier reserve currency. The primary reason is that the United States (5% of the world's population) accounts for 20% of global GDP. Or, you could turn the argument around and say that, be

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Euro falls as leaders spar over assistance to Greece

posted by fahrell 798 days ago in USD, EUR made popular 798 days ago

The euro posted its biggest five-day drop against the US dollar since January as EU leaders sparred over financial assistance to Greece before a summit meeting next week, damping appetite for the currency.

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