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The big news remains the FOMC’s 75bps emergency rate cut Tuesday, the largest single U.S. interest rate cut for 25 years. Although the FOMC’s released statement discussed “weakening of the economic outlook and increasing downside risks to growth,” the move’s timing suggested an unspoken intention of controlling the butchery amongst global stock markets, ironically moderate [...]
The big news remains the FOMC’s 75bps emergency rate cut Tuesday, the largest single U.S. interest rate cut for 25 years. Although the FOMC’s released statement discussed “weakening of the economic outlook and increasing downside risks to growth,” the move’s timing suggested an unspoken intention of controlling the butchery amongst global stock markets, ironically moderate [...]
One of the major selling points for the forex trading market is its volatility. After all, when prices don’t move, there is little money to be made and certainly no excitement to be had. However, the multiple moves of a currency pair’s price action, particularly in the jittery market conditions experienced recently, can cause microtrends: [...]
It seemed a bloodbath in the global equities markets as investors sold off risky investments for more secure financial holdings, particularly following FOMC Chairman Bernanke’s pessimistic testimony on Thursday 17 January, and the forex market endured another week of jittery trading. Certain commodities, including gold and oil, eased down from unsustainable record highs with technical [...]
A common question for all forex traders concerns the information and resources one relies upon in the course of doing business For current market and economic news, Bloomberg.com (heading Markets, subheading Currencies) carries up-to-the-minute stories covering the major currencies of the world, including emergent ones such as the Brazilian real and Indian rupee. The Bloomberg [...]
The new year began with a sell-off of global stock markets, entrenching risk aversion, and a new record high on the price of gold. The united central banks’ liquidity measures returned some sensation of normalcy to the money and credit markets, however, the forex trading market remained jittery at best. Numbers for the Australian economy [...]
The most basic concept in technical analysis is that of support and resistance. Traders who misunderstand this concept and its multiple applications will have a difficult time in the forex trading market, and it’s worth the occasional review. Support is the floor of a price channel, the price a currency pair demonstrates difficulty falling beneath. [...]
Because of the close trading ties, generally there is a strong correlation amongst the three major European currencies, as they float against the U.S. dollar within the forex trading market. Experienced traders know to watch the pound sterling and Swiss franc, as these two currencies act as chart leaders for the Euro. The chart of [...]
