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Day: June 8, 2009
June 82009
Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises
The pound posted the fourth day of losses in a row against the U.S. dollar as a serious political crisis deepens in Great Britain, where Prime Minister Gordon Browns Labour party is losing influence significantly. Negative factors weighing on the pound are coming from virtually everywhere on the political sphere in the United Kingdom and the European Union, making the pound to reverse an uptrend started by signs of economic […]
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June 82009
Dollar Climbs on Interest Rates Raise Speculations
The dollar gained versus the main currencies as speculations that the U. S. Government will raise its interest rates by the end of the year, consequently causing a bearish day in equities markets around the world. High-yield currencies like the South African rand had a negative day against the dollar as the Fed fund futures showed a 40 percent possibility of interest rates raise for the second semester, a high jump from the previous 13 percent chance from a week ago. The yen […]
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June 82009
How Much Time Do You Spend on Forex Trading?
The majority of the professional Forex traders spend full working day on trading. I spend no more than an hour a day to trade. Usually even less. Some traders that I know trade during London/U.S. sessions intersection (four hours). Actually I dont think that the time spent on the market can proportionally increase the amount of profit you get from trading. So, in my opinion, its very important to find a balance here. […]
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