The New Zealand dollar is heading to the lowest rate in eight weeks against the yen and losing against the greenback, as global risk aversion is damping demand for the kiwis high-yield profile. The New Zealand dollar started another week with a negative performance as pessimism is still spreading in equities markets locally and world wide, damping demand for the kiwi, which often experiences falls as risk aversion grows among traders. A report in New Zealand added for the pessimism towards […]
Read moreThe British pound started this week losing against currencies like the euro and the dollar as speculations that British banks may announce further losses rose, suggesting that the worst moments of the recession are still to come. The Sunday Times, one of the most prestigious U.K. newspapers affirmed yesterday that Lloyds Banking Group Plc, one of the giants of the British financial sector, would be in a difficult situation and that it may post further losses, […]
Read moreFrom my own experience, the majority of the Forex traders prefer technical analysis over fundamental. The reasons are quite obvious — only macroeconomical fundamental indicators affect currency prices and there are not many of those available. The stock market has many fundamental parameters for each company that strongly influence daily trends. In Forex market technical analysis brings up a lot more opportunities […]
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