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Day: July 7, 2009
July 72009
Yen Leads Weekly Gains on Safety Demand
The yen is this week’s best bet among traders, as speculations that a weak U.S. corporate earnings to be posted this week made Japanese investors to sell overseas assets and repatriate their capital to the Asian nation. After negative news last week that brought risk aversion up in world markets, this Tuesday events provided support […]
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July 72009
Canadian Dollar Down on Negative Stocks Perfomance
The Canadian currency, one of the most linked to stocks and commodities prices, had a weak performance today as stocks in Toronto and the crude oil fell, as concerns that the global slump will be prolonged are on the rise. The loonie declined today against half of the 16 most traded currencies as the crude oil continued to fall, on concerns that a longer recession will not provide a strong demand for energy in North America and in the global scenario. After a report […]
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July 72009
Pound Continues Drop as Demand for BoE Measures Rise
The pound entered its fourth day of losses against the dollar and the euro, after British financial sector calls Bank of England to expand its asset purchasing program to revive the faltering economy in the United Kingdom. The British Chambers of Commerce stated yesterday that the already expected economic recovery in Great Britain is not guaranteed and further measures should be taken immediately by the […]
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July 72009
The Disciplined Trader
I uploaded a new e-book about trading in the psychology section today. Its The Disciplined Trader by Mark Douglas. The book is all about the process of developing the new winning attitudes in the financial market traders. The great deal of success in the market depends on a clearness of the traders mind and his ability to make rational thoughtful decisions. Unfortunately the market is quite a difficult entity, which can disturb emotions and dim minds. From the psychological point of view the market should be accepted as the traders environment, […]
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July 72009
Euro Falls After Luxembourg Minister Statement
The euro, which until last week was rallying against currencies like the greenback and the yen, started this week losing versus virtually all majors, after speculations that European Union officials will reaffirm that the recession is far from being over. The euro entered a downtrend since last Friday when concerns rose amid traders that the […]
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