August 2012

Forex News – Hurricane Isaac Halts Oil Production, Politics and Economy

The predicted strength of Hurricane Isaac promises to affect not just the citizens but also the oil industry. It has been predicted that Isaac’s path along the Gulf of Mexico will hinder the production of oil, effectively raising the prices of oil. Considering the fact that oil today is already sky high, there’s a good […]

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USD/CAD Strengthens on Back of High Oil Prices, Possible New ECB Measures

The US dollar weakened against the Canadian dollar during August 28 (Tuesday) trading, on the back of forex news that the European Central Bank would soon implement new measures to tackle the Eurozone debt crisis. The USD/CAD currency pair hit 0.9852 during early trading, its lowest point since August 21, before consolidating at 0.9855. Analysts

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Forex Signal – Understanding Signals in Currency Trading

One of the most important thing traders need to understand is a Forex signal. These are basically patterns or situations that alert traders to the specific trajectory of the market. By knowing exactly what would happen next, Forex traders will be able to position themselves to benefit from any profitable transaction that might happen to

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