Day: April 21, 2009

April 21
2009

Australian Dollar Hits 3-Week Low on American Financial Concerns

Speculations that U.S. banks losses may increase moved the Australian dollar to a level very close to the lowest in 3 weeks. After the Bank of America Corp. increased its future loan loss provisions 57% to $13.4 billion, the Aussie and the New Zealand dollar, being both high-yielding currencies, immediately feel, as negative numbers coming from the U.S. increase the concerns about the global crisis […]

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April 21
2009

Yen Falls On Trade Report Speculations

After 3 days of gains, the Japanese currency weakened against the dollar and the euro before an eventual trade deficit that may be reported by the government for the last month period. The Japanese currency had consistently risen against the euro during the past five weeks, and as the traders realized it could be overbought, it was the perfect timing for making profits, since the Japanese government will release a report that is very likely to contain negative trade numbers for the past month […]

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April 21
2009

The Truth about Money Management

The new e-book (actually an article excerpt from the Futures Magazine) was uploaded to my site today. It’s about the risk control and money management in Forex and elsewhere. The whole book is only 4 pages long, but it succeeds in introducing the most important approaches to money management theory and practice. For those who are too lazy to read these 4 pages, in the end the author […]

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