Its very easy to desire to trade foreign exchange once you understand the income potential. Many prospective traders however don’t know how or where to begin. Currency trading is certainly time intensive to learn and frequently has unfamiliar perils along the route. An effective forex investor more often than not has plenty of months or [...]
Mail this post With the growing popularity and straightforward access to the foreign exchange (ForEx) market, a lot of and a lot of people are drawn to it as their money vehicle of choice. Together with this popularity come all the extras. This includes all kinds of software, trading systems for sale, books, videos, and third party signal [...]
Mail this post What are the benefits of the Forex Market over different types of investments?
When brooding about numerous investments, there is one investment vehicle that involves mind. The Forex or Foreign Currency Market has many advantages over alternative types of investments. The Forex market is open 24 hrs each day, not like the regular stock markets. [...]
Mail this post 4Q09 GDP expanded +5.7% qoq (annualized) , compared with market
expectation of +4.7%, from +2.25 in the previous quarter. The growth was the strongest since 3Q03 and was mainly driven by inventories which contributed 3.4% to the headline gain. It’s a good news that inventory declined at a significantly lower…
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Mail this post The Canadian dollar ended another week declining versus its U.S.
counterpart and lower-yielding currencies despite a report showing that the nation’s economy grew for another month, as the U.S. GDP report had more impact in markets globally.(…)Read the rest of Canadian Dollar Falls Despite Positive GDP (72 words)
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Mail this post AUD/USD’s fall resumes by taking out 0.8909 and reaches as low as
0.8888 so far. Current decline is still expected to continue as long as 0.9048 minor resistance holds and should target 0.8734 support next. On the upside, above 0.9048 will indicate that a short term bottom might be formed…
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Mail this post The Chilean peso is facing its longest losing trend
in more than a year as a combination of international risk aversion with poor national economic data is causing an exodus of capital from one of South America’s most dynamic economy.(…)Read the rest of Chilean Peso Down on Manufacturing Data (53 words)
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Mail this post The Canadian dollar did not manage to revert its losing trend today
as equities and commodities continued to decline globally, fueling emerging concerns that Canada’s economic recovery will suffer from a slower-than-expected recovery in most of its main trading partners.(…)Read the rest of Canadian Dollar Remains Bearish on Stocks Performance (134 words)
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Mail this post Dollar surges across the board as FOMC members lost unanimity on
keeping borrowing costs low. Fed left rates unchanged at 0-0.25% today and in the accompanying statement, it still said that rate “are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” However, one…
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Mail this post No change in EUR/USD’s outlook. Intraday bias remains neutral
as recovery from 1.4028 continues. Further rise to 4 hours 55 EMA (now at 1.4253) cannot be ruled out but after all, upside is expected to be limited below 1.4334 resistance and bring fall resumption. Below 1.4028 will indicate that whole…
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