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Day: February 13, 2008
February 132008
Trade Idea: Buy Australian Dollar with Euro
According to the new research note by Richard Grace from the Commonwealth Bank of Australia, it would be better to buy Australian dollar with euro in 2008 to earn from the interest rates difference. The EUR/AUD currency pair is proposed to substitute the AUD/JPY as the next carry trade investment opportunity, because along with the wide positive interest rates difference its more stable than the yen based currency […]
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February 132008
4 Ways in Which the Weather can Affect the Forex Markets (by Heather Johnson)
Currency trading can be approached using a number of different methods. Many mathematical purists will tell you that technical analysis is the only way to go, swearing that they can see the future by poring over chart after chart after chart. Others glance at the trends, ruminate for a minute or two, then go with a hunch and ride a pair wherever it wants to go. Some forex traders, however, […]
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February 132008
Dollar Appreciates Today on Good Fundamentals
Dollar was almost unchanged versus euro today before some important to fundamental analysis indicators were released in U.S. EUR/USD opened at 1.4580 and made some moderate movements in both directions, but has been near the opening level before the statistics came out. Good data had an improving effect on dollar. It is now trading more than 30 pips below the opening price. Advance figures for the retails […]
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