Deciding to become a Forex trader either as a sideline or as a profession is something to be seriously considered. The worst thing you can do is to say yes and do it half-heartedly. Remember a broker handles investment portfolios, either your own or that of a client. Failure on your part to act accordingly […]
How to be the Best Forex Trader You Can Be? Read More »
Forex traders are a dime a dozen. This is especially true today because most experts will agree that there is an oversupply of foreign exchange traders and brokers. However, a majority of these traders are half-baked or lack the necessary education, training, and experience to be considered on top of their game. The question is
Best Forex Trader has a Bag Full of Tricks Read More »
Recently not much happened in the USD/JPY cross rate. Trading was confined to the 79.00 big figure, mostly with a cautiously negative bias. Global sentiment on risk remained fragile and core (US) bond yields were again on a downward path, reducing the incentive to look for yield pick-up from trades funded in the Japanese currency.
My Favorite Currency Pairs EUR/GBP and the USD/JPY Read More »
Gold recovered to close marginally higher in a quiet trading session, as weak US retail sales cut into the dollar’s gains ahead of Federal Reserve Chairman’s Congressional testimony which could provide the latest clue on monetary policies. Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,266.11 tons,
A Quick Look at Global Commodities Read More »
Wall Street traded lower as the S&P 500 and NASDAQ both posted negative returns. The catalyst was that US retail sales came in negative for a third consecutive month in June, implying that Q2 2012 GDP could be meaningfully impaired – and that Chairman Bernanke may sound rather dovish when he appears on Capitol Hill
Forex Trading Market Review July 17 2012 Read More »
At the end of the week The Great British Pound proved was the star performer. The EUR/GBP didn’t set a new correction low (contrary to what happened in EUR/USD) and even gained a few ticks from the reaction low. On Friday morning, expectations were for more consolidation as there was no high profile news on
Is the Great British Pound Still Great Read More »
On this first day of a new week, in the middle of the month, markets are expected to be fairly quiet; base metals are trading down by nearly 0.5 percent at LME electronic platform. The Asian equities are also trading mixed with the Chinese markets mostly edging down the negative territory. Due to “Marine Day”
Monday Morning Gold Kickoff Read More »
After a see-saw moves yesterday, gold futures prices have now changed a little towards a positive note in electronic trading. The market is having a difficult time with economic releases which are not resilient enough for a sustainable retrieval; they are also not weak enough to call for additional stimulus according to the Fed officials.
Gold and Silver After Chinese Data Read More »
U.S. stocks ended mixed for the week, reversing losses on the final day of the week, as rally in JPMorgan Chase & Co. and speculation China shall boost stimulus measures tempered concerns about earnings and the global economy. JPMorgan jumped for the week as Chief Executive Officer Jamie Dimon said that the bank will probably
Global Market Review Read More »
Today, the market calendar remains unexciting. All the market excitement was in the Asian markets early this morning, with Chinese GDP and Industrial Production all in line with forecast except for a high print on retails sales. The surprise was a drop in Japanese industrial production reporting well under forecast. The rest of the day
After the Chinese GDP what is left of Interest Read More »
