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Global Recovery Concerns Pressure Dollar
Friday, January 22, 2010 - 10:27am | 312Read More...Three significant events are the driving forces behind Forex at present. These are a prospect of a serious restriction placed on Chinese credit, fiscal concerns about Greece and other European peripheral countries and President Obama’s new banking plan. The combined impact of these three issues is...
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Forex Trading Psychology
Friday, January 22, 2010 - 7:44am | 212Read More...The Right Mindset: The most important factor, over and above good technical analysis tools and timely market information, is the mindset of a trader. A practical trader does not hope to make profits out of a losing transaction without a reason and never expects to achieve exponential profits...
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Obama Knocks Dollar for Six
Thursday, January 21, 2010 - 6:28pm | 157Read More...The dollar fell dramatically against the YEN earlier today after President Obama introduced plans to control risk-taking by various financial institutions. His statements included measures to prevent banks from sponsoring, owning or investing in hedge funds for their own profits. The market...
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Euro Collapses to Six Month Lows
Thursday, January 21, 2010 - 10:09am | 214Read More...The Euro has had another torrid night as the EURUSD fell to levels not seen for six months. The Euro-zone is presently plagued with serious fiscal concerns not only of Greece but other member countries as well. In addition, selling pressure on the Euro has mounted after a recent break of a very...
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Japanese Candlestick Patterns – Bearish Patterns
Thursday, January 21, 2010 - 7:33am | 432Read More...Japanese Candlestick Patterns were used in Japan to analyze rice contract prices in the 17th century. They help determine who is winning the forex market: Bulls (buyers-traders who expect the market to go up and start buying currency pairs) or Bears (sellers-traders who expect the market to go down...
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Euro driven Lower by Unclear Global Policy
Wednesday, January 20, 2010 - 11:50pm | 95Read More...The G7 has asked many times to allow flexibility in its exchange rate which has viewed artificially low as a result of its unfair export advantage and its contribution to imbalances in the global economy. When investors ask about the weakness in the American dollar, one has to look at the fact that...
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EURUSD Slides after Major Technical Break
Wednesday, January 20, 2010 - 10:57am | 225Read More...The EURUSD extended its decline further during the night after the pair sustained a clear technical break of its 200-day moving average line. Fundamentally, the Euro is struggling to deal with Greece’s ballooning debt that is also increasing worries about the financial state of other member...
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Japanese Candlestick Patterns – Bullish Patterns
Wednesday, January 20, 2010 - 8:19am | 460Read More...Japanese Candlestick Patterns were used in Japan to analyze rice contract prices in the 17th century. They help determine who is winning the forex market: Bulls (buyers-traders who expect the market to go up and start buying currency pairs) or Bears (sellers-traders who expect the market to go down...
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New Chinese Policy Boosts Dollar
Tuesday, January 19, 2010 - 6:43pm | 139Read More...A new Chinese move to tighten its monetary policy increased risk aversion today providing the Dollar with a secondary boost after an initial one was generated by net capital flows into US assets rebounding during November. The Euro, however, continued to suffer following a deterioration in German...
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US Dollar Ends Almost Flat
Tuesday, January 19, 2010 - 10:17am | 164Read More...The US dollar had a mixed day in Asia today, with market sentiments affected by developments in the corporate sector. The day for the dollar almost ended where it started. While at the start of the day, the US dollar lost against almost all major currencies in Asia, it got support after the euro...
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Euro Stumbles Following German Data Disappointment
Tuesday, January 19, 2010 - 10:16am | 192Read More...The Euro has had another bad night as it plunged against most of the other major currencies. These latest negative moves resulted from the release a short time ago of a poor German sentiment survey whilst Greece’s fiscal problems still haunt the Euro-zone. Earlier this morning, the German ZEW...
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Greek and German Woes Undermine EURO
Monday, January 18, 2010 - 11:39am | 209Read More...The Euro-zone is still struggling to cope with the deteriorating Greek fiscal situation. Anxiety intensified overnight amidst fresh concerns about the ballooning nature of Greece’s financial deficit. Consequently, the markets will be on alert today for any fresh official insights. Indications that...
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YEN benefits From Europe’s Sorry Night
Friday, January 15, 2010 - 9:32am | 236Read More...Europe has had a difficult night after a barrage of worrying remarks and rumors surfaced. Consequently, the EURUSD plunged by over 120 pips and currently posts 1.4380 (see hourly charts). The resultant risk aversion caused the Yen to flourish resulting in the EURYEN dropping by almost 150 pips to...
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Basic Technical Analysis Tools/Basics of Charting – Part 1
Friday, January 15, 2010 - 7:27am | 200Read More...Technical Analysis tools help traders analyze, identify and understand market conditions and behavioral patterns, and predict price movements. A trader, depending upon his predetermined duration in the forex market, should decide upon which type of chart(s) to be used. For example, a short-term...
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Transatlantic Concerns Neutralize EURUSD
Thursday, January 14, 2010 - 7:35pm | 125Read More...As the day has advanced, the Yen has given back some of its earlier gains with the USDYEN now posting 92.20 after falling as low as 91.86 whilst the EURYEN has bounced back 55 pips to its present 132.25. Whether these developments are just retracements or full blown reversals still remains to be...
