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Find Out All About Forex Trading
With international credit markets non-functional and awaiting U.S. government intervention, the forex trading market paused for much of the week as if taking a deep breath. Fundamental announcements that would normally send currencies reeling were ignored, and many major currency pairs traded sharply higher during the early part of the week then moved sideways within [...]
No market trends like the forex trading market, and simply riding a trend can be the quickest path to profits. Unfortunately, inexperienced traders are too often content to glance at a chart, note that the currency pair is higher on the right side than the left, and assume that means the pair has embarked upon [...]
The credit crisis flared and institutions fell like dominoes as multiple central banks injected massive amounts of liquidity into financial markets to no avail. Global stock markets slumped and investors fled to quality. Only the U.S. government’s plan to neutralise toxic assets restored investor confidence, and the resulting rally mainly offset the earlier sell-off. The [...]
The TED spread: gauging confidence in financial markets Hurricane Ike roared across the Texas coastline at 2:00 AM local time on Saturday 13 September, smashing into Galveston Island with sustained winds of 161 kilometers per hour (100 mph) that ripped roofs and walls off buildings. Houston, the United States’ fourth most populous city with a [...]
Imagine this scenario: you’ve been watching an uptrending currency pair for some time as its price approaches a key resistance level, a point it had not been able to break through several weeks earlier. The price bounces beneath that level for several candlesticks, then pushes through and even closes above it. Is this the anticipated [...]
Risk aversion resurged this forex trading week, supporting the Japanese yen but undercutting high-yielding currencies as investors unwound carry trades and fled to Treasuries. Losses from the subprime crisis currently stand at USD 511.3bn, 50% amongst U.S. banks and 46% in the Eurozone. The RBA reduced the cash rate target by 25bps to 7.0%, the [...]
Three currencies actively traded on the forex market are heavily influenced by the prices of commodities, these being the Australian, Canadian, and New Zealand dollars. These commodity currencies are at or just past the peak of their cycle, with further downside trending potential. The Canadian dollar is influenced by prices for crude oil, gold, and [...]
A typical summer’s end for the forex trading market, with light volume, high volatility, and illiquidity leading to rangebound conditions and little directional consistency. Although credit concerns remain, financial market turmoil has again receded. Hurricane Gustav entered the Gulf of Mexico and threatens U.S. offshore platforms and refineries, and potentially crude oil prices as well. [...]
