September 2012

Trading Central Bank Interventions When Currency Exchange Rates are Overvalued

Trading Central Bank Interventions When Currency Exchange Rates are Overvalued

Central banks often intervene in the forex markets to influence currency exchange rates and a currency trader can make profitable trades when these interventions occur. Why do central banks intervene in the markets? The main reason is to stabilize exchange rates when there is a sudden appreciation or depreciation that threatens a country’s economic growth. […]

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What is Forex?

What is Forex?

Forex is an abbreviation of the two words foreign and exchange and refers to what is known as the foreign exchange market which is a global market place where different currencies can be exchanged with one another. “What is forex” is rather encompassing which may mean any and everything that is related to exchanging one

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USD Steady vs. Canadian Dollar Despite QE3, Disappointing Fed Manufacturing Index

The US dollar held steady against the loonie despite more disappointing forex news regarding the US economy. The USD/CAD reached 0.9694 during early US trading, a close to four month low, although it later consolidated at 0.9709. Analysts said that the pair could reach its support level at 0.9666 and resistance level at 0.9774. According

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Samsung Galaxy S3 wages war against iPhone 5: Affects Overall Forex Market Liquidity

With the heated battle between Samsung Galaxy S3 and iPhone 5 reaching the level of national dailies, it will no longer come as a surprise that the battle has also become one of the hottest and most anticipated forex news. Recently, via paid print advertisement, Samsung launched an advertisement entitled: “It doesn’t take a genius.”

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