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Day: May 19, 2008
May 192008
Trend Determination in Forex Trading
Today Ive uploaded a new free ebook to my site its about determining the trend direction and its parameters using the standard technical indicators in any financial trading environment. Many trading strategies and tactics a based on the trend-following determining the trend in a given market situation can be a focal point in a traders intraday or long-term trading activity. John Hayden, the author of this book offers RSI, divergence and moving […]
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May 192008
Chinese Yuan Rose on Dollar’s Decline
The Chinese yuan continued its record breaking growth against the U.S. dollar after a month-long pause today and rose to a new maximum level since the scrapping of the yuan-dollar peg in 2005. Chinas currency appreciated today as the U. S. Treasury Undersecretary David McCormick urged countrys authorities to further strengthen the yuan at a fast pace, while the U.S. dollar remained weak on Forex after a major downfall last […]
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