Forex

Technical Analysis involves analyzing charts and diagrams to understand price and/or movement of a currency pair in the past in order to predict the future. This analysis is based on three principles: 1. It aptly considers that there are many other reasons for the forex market movement besides the...

FOREX trading is a very complicated business and beginners must proceed with caution if they wish to acquire the confidence and skills necessary to first survive and then profit. In order to achieve this goal, you will need a well-constructed, methodical and easy-to-follow plan that will help you,...

The Yen was able to exert serious pressure on the dollar throughout today triggered by rumors of a large-scale repatriation by Japanese exporters. In addition, the posting of a steep drop in US pending home sales earlier this morning weighed heavily on the greenback. As a result, the USDYEN plunged...

The yen has risen against the US dollar the most in the past four weeks on speculations of Japanese exporters buying their own currency in an attempt to repatriate overseas earnings. Technical charts indicating that the yen has suffered a sharp decline have also boosted the Japanese currency. The...

In the previous part, you read about some economic data points that play a crucial role in the movement of currency pairs. Some other data points are: Budget Statement Monthly: is a monthly report showing the US budget deficit/surplus and is published by the Treasury Department of the US government...

In the previous part, you read about a few economic parameters that impact the forex market. Some others are: • Durable Goods: While the retail sales index includes both durable and non-durable goods, this measure only considers retail sales of durable goods. Durable goods are products that are...

The EURUSD failed to hold its modest gains today as it fell from its highs of 1.4410 to its present value of 1.4375 in the last few hours of trading. Tomorrow morning, the preliminary release of the German consumer price index (CPI) is due to be announced and it is expected to have risen by 0.6%...

Forex has the potential for significant financial gains but is also a very dynamic and complex entity. In order to understand this market so that you can trade it successfully, you definitely need to develop a powerful winning psychology that will enable you to navigate yourself through its...

Recovery hopes for the US economy took a hit today after the US New home sales posted a dived to a seven month low. In addition, although the University of Michigan Confidence index recorded a rise this morning, it still failed to meet expectations and thus placed the dollar under further pressure...