 |
Find Out All About Forex Trading
Pivot points are short-term, predictive (as opposed to lagging) indicators, which fact explains their popularity: it’s more profitable to learn where the market is heading rather than where it’s been.
Each day’s pivot points are calculated from the previous day’s price action, usually timed from midnight to midnight GMT, or based on the conclusion of the [...]
This forex trading week has been sharp and abrupt, with gains made one day fully retraced the next. On the other hand, data release has been quiet, with a major United States holiday and the build-up to the Australian national elections superseding the usual announcements. Risk aversion and many currencies are at record highs, and [...]
An introduction to Fibonacci trading
Leonardo Fibonacci (fi-bo-NA-chie) was an Italian mathematician of the thirteenth century. Among his many achievements was the introduction of the Hindu-Arabic numeric and decimal system, as used today throughout the world, to the European continent. He also first introduced an Indian numerical sequence to Europe, and this series of numbers today [...]
Australia’s approaching federal elections and potential tax cuts seem to have buoyed consumer confidence. Economic indicators remain positive despite the RBA’s increased inflation forecast, and point toward an interest rate hike, probably deferred until the first half of 2008. Amid the international credit crunch the world’s major banks scramble for liquidity and are likely to [...]
This week, forex trading suffered returning pessimism regarding the global credit crunch. The U.S. dollar continued to soften amidst huge assets write downs from major international banks; rumors of Barclays being the next victim prompted a temporary suspension of shares trading to ease volatility. Rising risk aversion again made carry trades seem rather heavy and [...]
This week, Forex market cynicism noted the low U.S. consumer confidence, and ignored surprisingly hawkish rhetoric and equally surprising strong U.S. job market and export growth numbers, and the dollar continued down against almost all of the world’s major currencies. Even more major financial institutions report massive losses following the global credit crunch and continuing [...]
