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Find Out All About Forex Trading
Recently, the forex trading market has been exceedingly choppy, with the price action of many major currency pairs vacillating between support and resistance levels without much rhyme or reason behind the movements. It’s a major challenge for the forex trader, particularly those new to the game, to escape the moods of the market with one’s [...]
Commodity prices dominated forex trading this past week, the price of crude oil in particular sending the currencies of export nations higher and weighing on others. With higher energy and food prices forcing up global inflation and traders reconsidering the possibilities of interest rate changes within various nations, many currency pairs consolidated within narrow ranges.
The [...]
Particularly when the novice trader first enters the forex trading market, there’s a tendency to feel overwhelmed by a blank chart, such as the current four-hour EUR/CHF, below:
However, there’s a simple process that can be followed to analyze a chart. To more experienced traders, this may seem a simple exercise; however, the process brings to [...]
Strengthening confidence in the stability of financial markets saw consolidation within ranges for most major currency pairs this past forex trading week, with export currencies benefiting from new highs in commodities prices.
Although second-round inflation effects have pushed wage pressures to record levels, Australia’s high interest rates are finally slowing the demand for housing. The surge [...]
With skyrocketing food and energy prices, inflation in New Zealand remains a problem. The Consumer Price Index, a measurement of change in the cost of living that includes prices for electricity, food, housing, and petrol, rose 0.7% in 1Q2008 and 1.2% in 4Q2007, giving a current measurement of 3.4% year over year, meaning that the [...]
In forex trading this week, increased evidence of the global economic slowdown reaching the Eurozone, coupled with renewed confidence in U.S. resilience, led to more firmness for USD despite still rising commodities prices, including crude oil, which set new record highs for five consecutive days before peaking above $126 on Friday 9 May. Losses and [...]
The linear regression line, previously discussed, is one of the more important lines that can be drawn on a forex trading chart. More strongly than a resistance or support line can do, a linear regression illustrates the direction of a trend, and can be extended into the reasonable future for a forecast. The steepness of [...]
Rising risk appetite this past forex trading week undercut the safe-haven currencies, while lowering confidence indices and milder inflation figures did the same for the Euro and easing of commodities prices weakened the currencies of export nations—leaving the U.S. dollar and the pound sterling as the last major currencies standing.
Australian inflation printed at 4.2% in [...]
