Forex charts change several times in a minute, and this is even during a steady trading day! Now charts are hard to read as they are, but the same has to be crossed reference with other economic factors as well. This article will discuss tools that increase a trader’s efficiency in chart reading. Education and […]
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A Forex Calculator for use by forex traders is different in a lot ways from the ordinary currency converters used by many people, and the common types you see around on the internet. Traders are more interested in knowing the implication of currency rate fluctuations to the money they have invested. They need to know
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It is now common knowledge that almost everything (if not everything) around us including the behavior of prices as they go up or down, follows a significant pattern that corresponds to the infamous Fibonacci number series. The series is in fact believed to be another law of nature. Technical analysts studying foreign exchange rate movements
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Gold futures have taken a breather at the early trading strained by the weakening Euro which is trading near its two years low of 1.1877. After the European financial chiefs bought one year extra time for Spain to reach the deficit target and hence implementation of the measures decided in the EU summit last month
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Currently oil futures prices are trading below $85/bbl with loss of more than 1.4 percent from yesterday’s closing. Oil prices have slipped from its high as import of its second largest consuming nation China have fallen by more than 15 percent in the month of June. Crude oil imports have declined from 25.48 million barrels
All major Asian equities are trading slightly lower today, after Chinese trade data shows exports as strong but imports surprisingly weak for the day; the weakness could continue in the Asian markets. The euro is trading at 1.2289 down by 0.20%, On the economic front today, we have the UK Industrial Production and Manufacturing Production
Forex Trading Market Review July 10 2012 Read More »
French financial activity contracted slightly in 2Q and is unlikely to actually get better in the near term, the Bank of Spain estimated Monday, mentioning the results of its monthly company analysis. The central financial institution confirmed its preceding prominence for a 0.one% National income dip in 2Q. Last 30 days, The National Statistics Institute
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Christine Lagarde, MD of the International Monetary Fund is visiting Japan, said European leaders “have to implement, implement, implement” necessary reforms to reassure financial markets although it takes time. She also told a press conference that the Japanese yen has remained “moderately overvalued.” The comments came despite the agreement last week by European Union leaders
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On Friday, traders in most markets were in a wait-and-see mode ahead of the key US payrolls report. EUR/USD came close to Thursday’s correction low (1.2364) at start of trading in Europe, but the test was rejected. Before noon, there were only few eco data in Europe. EUR/USD tried a tepid rebound, but the move
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Technical analysis is one of the most significant forex trading basics that you must know if you want to succeed as a trader. In contrast to fundamental analysis, technical analysis relies on using past price movements to predict future ones on which you can base your trading decisions. There are a number of methods used
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