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Day: November 2, 2009
November 22009
Euro Grows Against Yen on Economical Optimism
The European currency surged against the Japanese yen and the other major Forex-traded currencies today as the traders reacted to the signs of the global economy recovery with buying high-yielding assets and currencies financed by relatively cheap loans in USD and JPY. The euro has already recovered one third of its Friday daily drop against the Japanese currency. Positive reports from Australia, signaling a sure recovery from the recession, added optimism to the currency markets. […]
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November 22009
What Risk Management Do You Use?
Taking loss is a part of the Forex trading process. Even the best systems show losing positions and, over time, streaks of such losing positions. To protect your trading account’s balance from disappearing, it’s important to follow some money management (or otherwise called risk management) system. Limiting your potential loss per each position is a basic practice of such system. One of the first things that a professional […]
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November 22009
EUR/USD Rallies on Record Pending Home Sales
EUR/USD rallied on the Forex market today after a series of macroeconomic reports were released in the United States. Both housing and manufacturing sectors showed some better-than-expected results and helped the euro to grow up against the U.S. dollar. Stock markets reacted with a more than 1% growth. EUR/USD is currently trading near 1.4836 after reaching as low as 1.4702 earlier today. ISM PMI index rose from 52.6% to 55.7% […]
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