USD Draws Support from Abroad
USD Draws Support from Abroad
Economic conditions include:
Government budget deficits or surpluses: The market usually reacts negatively to widening government budget deficits, and positively to narrowing budget deficits. The impact is reflected in the value of a country's currency.
USD Draws Support from Abroad
2008 is still in its infancy, which means the self-proclaimed forex experts can be excused for offering their projections on what the year has in store for the Dollar. If currencies were traded in a vaccum, the Dollar would probably ...
Read full post here. Will Fed Resort to Inter-Meeting Cut?
February fed funds futures are now pricing in a 100% chance for the FOMC to cut the funds rate by 50 bp to 3.75% at the January 30 meeting. The greenback is likely to weaken further against other currencies like the euro and swiss franc ...
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Ads will be placed at the top of the right column under the blog sponsors category. Text Ads: $20 a month. Ads will be placed in the right sidebar under the featured sites column. I would also love to review your forex products at a fee ...
Read full post here. Forex Technical Analysis for 01/14-01/18 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4493 1.4567 1.4671 1.4745 1.4849 1.4923 1.5027 GBP/USD 1.9077 ...
Read full post here. What is Forex?
The Euro apparition led to an important decrease of Forex business, and the firm opened new directions, like applying for banking license or realizing regular transactions, similar to the postal service. ...
Read full post here. What's the Best Way to Trail Your Trading Profits? (1)
So often, many of my EA's In-The-Money positions (+40 to 50 pips) were stopped out/hunted at the price-retracement (resistance/support) level for a smaller gain (+10 to 20 pips) before the real action continued again. ...
Read full post here. 1 PR5 + 3 PR4 (Real Estate - Forex/Money - Health - Travel) Blogs ...
Pr5 Forex/Money Blog (Strong pr6 backlinks) PR3 Sub pages 1 Month - $4 3 Month - $11 6 Month - $21 1 Year - $40 PR4 Real Estate Blog (en.wikipedia.org backlinks) PR3&2 Sub pages 1 Month - $1,5 3 Month - $4 6 Month - $7 1 Year - $13 ...
Read full post here. A Flat to Down Week
This was a rough week for trading as the market went through some wild mood swings. Central bankers' rate decisions and comments in this week seemed to do its usual tricks and rattled the market a lot. Undoubtedly, the number one driver ...
Read full post here. Potential Tax Cuts Boost USD
Recently, most of the news regarding the Dollar has, frankly, not been positive. The housing crisis is beginning to take its toll on the broader economy. The Fed is planning to lower interest rates at its next meeting, ...
Read full post here. Dollar Steady Even After Trade Balance Deficit Widens
The dollar showed a mild growth against the euro today even after the trade balance report showed the widening of the deficit. Against the Great Britain pound the US dollar also went up, with GBP/USD hitting the lowest value since march ...
Read full post here. My EA Trade History
January 2008 (part 2) Changes implemented: (1) Fractional lot sizing based on 2% risk per trade of the account free margin level (2) Two positions opened per signal with 1st and 2nd profit target levels ...
Read full post here. US Trade Gap Widened to 14-Mth High
US November trade deficit rose by 9.3% to $63.12B ($59.75B shortfall expected) from October's revised $57.77B on record oil prices, widening to the biggest gap in 14 months. October was originally reported $57.82B. Swissy fell to a ...
Read full post here. Fed Will Cut Rates in January
As expected, the Dollar is taking a beating in forex markets, as traders price in the effect of the rate cuts, which would create interest rate parity with the EU. DailyFX reports:. The minutes from the last FOMC meeting confirmed that ...
Read full post here. Interest Rate Decision's Influence on EUR/USD
Today the European Central Bank decided to leave the interest rate unchanged at 4.00%, as it was expected by the markets. But the EUR/USD went up after the decision became known - the currency pair gained more than 70 pips. ...
Read full post here. Trading From Chicago, USA
While I was stuck in a long-haul flight to Chicago, the Bank of England left rates unchanged today at 5.5% so that it can assess the impact on the economy of last month's cut. The ECB also kept the main refinancing rate at 4%. ...
Read full post here. Forex Themes for 2008
Last week, the Forex Blog recounted what happened across forex markets in 2007, in all of its drama. Now, we would like to offer a nice counterpoint, in the form of the major themes expected to dominate forex headlines in 2008, ...
Read full post here. My Top 20 Forex Blogs
In the world of trading forex ,one of the most difficult things is to find good material to read .Forex forums are good but some of the information you get there is shady to say the least. Forex blogs on the other hand are very hard to ...
Read full post here. Venezuela's Currency Loses a Few Zeros
In Venezuela, the inflation rate for 2007 is estimated at 20%, a slight increase over the 17% growth in prices that was observed in 2006. The nation, led by Hugo Chavez, plans to deal with inflation by dropping a few zeros from the ...
Read full post here. My RTW Travel-Trading Adventure Begins Now
There is an overall USD bearishness in the forex markets due to ongoing recession fears in the US. Despite that, Cable also feeling the downward pressure, falling 140 pips so far today towards 1.9600. Right now, it's more of selling the ...
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USD Draws Support from Abroad
Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government's central bank influences the supply and "cost" of money, which is reflected by the level of interest rates).
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