 |
Find Out All About Forex Trading
Inflation was the watchword for the week, with record high commodity prices continuing to boost consumer and business prices across the globe, but mainly highest within the energy and food sectors. Inflationary pressures continue to drive the Australian economy, with wages, motor vehicle sales, construction activity, and investment spending all either expected to rise or [...]
One of the simplest yet most often improperly utilized chart patterns is the double top, a common indicator of trend reversal. An analysis of the pattern will show why all too often, traders enter the market too early. There are seven steps within the double top pattern: 1. A trend of significant length and strength. [...]
The four important prices for any forex trading chart are: high, low, open, and close. Western charts generally portray these prices through the use of solid bars, with the upper and lower edges representing the high and low, respectively, and the open and close indicated by horizontal “arms” to the left and right. For an [...]
A rather mundane week for the forex trading market, with most of the major currencies rangebound and traders unwilling to force new boundaries. All concerned await the outcome of the monoline bond insurance fiasco and whatever is coming next in the ongoing credit crunch and increasingly global financial crisis. As the RBA has confirmed higher [...]
The long-expected about-face of M. Trichet came on Thursday 7 February: although the ECB maintained Eurozone interest rates at a steady 4%, the statement released, rather than containing the usual hawkish focus upon inflation, instead admitted the downside risks to economic growth and the Euro began to slide as investors feared the ECB, unlike the [...]
The ability to determine a breakout’s direction after consolidation is completed can give forex traders an edge over the market. In forex trading, the candlestick pattern known as consolidation occurs when a trend loses momentum. Sometimes momentum is lost due to profit taking, when traders exit the market to lock in their winnings. In this [...]
Another 50bps interest rate cut by the FOMC, another open-ended statement allowing room for additional cuts, and still the U.S. dollar holds its own as risk aversion buoys safe-haven currencies. A consortium of major banks team together to rescue their insurers in a fascinating example of financial incest. The forex trading market seemed to pause [...]
There are certain factors that determine a currency’s value in comparison to that of another nation, which determines the pair’s exchange rate and therefore its selling price on the forex trading market. These factors include: • the growth rate of one nation’s real Gross Domestic Product (GDP) as compared to that of the other nation; [...]
