Yesterday, the intraday price range of EUR/GBP was remarkably small, given the sharp swings in other euro currency cross rates. In line with the price trend of late, sterling remained well bid yesterday morning and the pair reversed a big part of the post-Nowotny gains early in the session. The pair spiked also higher from […]
Did Draghi Revive the EUR/GRP Read More »
On what was going to be a quiet Friday towards the end of the month, with month end data next week changed with simple words from ECB President Draghi, saying that the ECB would not sit idly by and allow the monetary union to collapse. With this, markets went ballistic risk went out the window
Gold Up on Draghi – Down on US GDP Today Read More »
US markets closed higher yesterday, ignoring poor earnings reports and other economic data, after ECB President Draghi, in a prescheduled speech in London, said that the ECB would not sit idly by and allow the monetary union to collapse. He stated that the ECB has the mandate and the power to do so and that
FXCC Market Review July 27 2012 Read More »
Today, base metals are trading down by 0.3 to 0.7 percent at LME electronic platform. Equities are slightly up after remaining mostly weak during the week; however, the economic developments remained weak with lower Chinese business confidence coupled with Japan. From the Eurozone, the bond yields have continued to surge with the Italian 10 year
Gold and Other Metals Read More »
The US markets ended mixed amid a slew of earnings news after moving mostly lower over the course of the three previous sessions. The mixed performance on Wall Street came as traders digested quarterly results from large companies, with disappointing news from Apple offset by upbeat results from companies such as Caterpillar and Boeing. Further,
FXCC Market Review July 26 2012 Read More »
Bad forex news emerging from Spain caused currency traders to shift from the euro to relatively safer options such as the US dollar and the Japanese yen. Two of the country’s semi-autonomous regions formally requested a bailout from the national government under an €18 billion government liquidity fund which was established on July 19 specifically
Forex News: Spain Debt Crisis Impacts Currency Markets Read More »
Positive Asian forex news on China’s economy helped lift Asian currencies, with the Singapore dollar reaching a 12-year high against the euro and a 14-year high vs. the Malaysian ringgit. The Singapore dollar hit $1.5248 against the euro on Monday’s trading and $2.5222 against the ringgit. Singapore remains the sole emerging Asian country that
Forex News: Asian Currencies Lift on Positive China Economic News Read More »
Negative forex news continued to impact on the euro, causing it to weaken against the dollar during Tuesday’s trading session. The latest bit of bad news for the euro zone was the announcement that Germany’s Market PMI (purchasing managers’ index) fell to 47.3 in July from 48.1 the previous month. The PMI is a measure
Forex News: Weak German Economic Data Makes Euro Vulnerable Read More »
Leverage and margin are two important concepts that any forex trader should understand. Application of these concepts will surely help in the process of obtaining mastery of the trade. Also, getting sufficient knowledge of these will most likely be helpful in making the process profitable. In this section, several questions on leverage and margin are
Leverage and Margin FAQ Read More »
You were forewarned. Indeed, leverage and margin can put an end to your foreign exchange career if you do not fully understand the underlying principles and concepts behind them. These two are commonly referred to as the major attraction in the world of foreign exchange trading given the fact that these create a possibility for
Leverage and Margin can also be a Deadly Combination Read More »
