The UK pound traded lower against the US dollar on the back of bad forex news regarding moves to deal with the ongoing European sovereign debt crisis. The GBP/USD currency pair fell to 1.6182 during the morning US trading session before consolidating at the 1.6190 level. Analysts said the pair was likely to find its […]
UK Pound Strengthens on the Back of Continuing Eurozone Concerns Read More »
The US dollar traded broadly higher against the euro following negative forex news coming out of Germany. During the US trading session, the US dollar traded at 1.2909 against the euro, a greater than one week high. The European currency weakened following news that the Ifo business climate index, which measures German business confidence, fell
Dollar Trades Higher Against Euro on Declining German Business Outlook Read More »
Without a doubt, while millions continue to discuss the Real Housewives of New Jersey’s season finale, a few traders continue to worry about the latest forex news. Indeed, even though predicting the show’s upcoming developments might be an enjoyable endeavor, attempting to foresee the future of the global economy is still a much more rewarding
Temporary Improvements, Limited Potential Read More »
This article will provide a summary of the past trading week (September 17 -21, 2012) and an analysis of the current trading week (September 24 – 28, 2012). The goal of the article is simple, make use of historical data, as well as determine specific indicators to predict the direction of the Forex market to
Weekly Forex Preview for the Last Week of September 2012 Read More »
As to be expected, while millions spend hours talking about the Emmys, many traders continue to converse about the latest forex news. Indeed, even though most people “prefer” to worry about the program’s rather disappointing humor, some individuals would rather think about fluctuations in the currency market. After all, doing the latter would bring forth
Strengthening, Weakening, and Caution Read More »
After weeks in the slump, the US dollar is starting to gain in the Foreign Exchange market. It’s still nowhere near the position most people want especially with the job crisis still at large. In fact, the Bank of America reports possible job cuts of 160,000 by the end of the year. Despite that though,
US Dollar Gaining, Euro Still on Shaky Ground Read More »
This article will discuss several aspects of Forex relevant to the current trading week. Due consideration will be given to the previous trading week. This includes but is not limited to news related to the US dollar, Euro, and the indicators that a trader need to look out for when trading with the same. US
Forex News Center for September 24, 2012 Read More »
Forex money management is an important part of being a trader considering how volatile the market is. If a person allows himself to trade without a clear plan on handling his investment capital, there’s a good chance that he will find himself losing at the end of the day. That being said, following are some
Tips and Techniques of Forex Money Management Read More »
If you are not yet using the AutoChartist platform, you are missing out on an unparalleled opportunity to become a better trader. This pattern identification platform monitors currency prices 24 hours a day to look for developing patterns that signal a potentially profitable trade. The platform’s Central Pattern Identification Engine was first developed in 2004
Frequently Asked Questions About the AutoChartist Pattern Identification Platform Read More »
Retail forex contributes roughly around $313 billion in daily transactions or approximately about 8% of the total daily turnover of the whole foreign currency market. With the high leverage and margin gained by retail forex traders from the trading system used by all retail forex brokers, market observers and critics are often amazed how the
The Truth about High Leverage and Margin Trading System in Retail Forex Revealed Read More »
