The Brazilian real posted another negative session today as movements in the central bank led traders to speculate that further measures will be taken to halt the real’s rally, which already rose 34 percent versus the greenback this year. After a central banker was transferred to the Brazilian Finance Ministry yesterday, concerns rose that both federal institutions are likely to coordinate further measures to control the real’s rally, forcing […]
Read moreThe Canadian dollar had the first day of losses versus its U.S. counterpart and several other key-currencies as the price of commodities declined this Thursday after a sharp rise that started in the beginning of this week’s session. The loonie is highly dependent on commodities rates since Canada is a main supplier of energetic and metallic commodities to the United States, and today, as the these markets had a breather, the loonie posted its first negative day in this […]
Read moreThe Australian dollar continued its yearly rally to set a new record high in 2009 after a report indicated an improved number of monthly jobs added in October, suggesting that the nation’s central bank is likely to continue its current policy of rate hikes for the next meeting. The Australian dollar together with the Japanese yen were the biggest winners this Thursday as risk appetite declined, favoring the Japanese currency safe refuge profile […]
Read moreAfter several days driven by risk appetite globally favoring high-yielding currencies and forcing commodities rates up, the rally was halted as China affirmed that the economic recovery is uneven, raising concerns among safeties and attracting them to the safety of the Japanese currency. The Japanese currency beat almost all of 16 main traded currencies in foreign-exchange markets today after the Chinese Premier Wen Jiabao made rather negative statements […]
Read moreThe latest trading e-book that has been uploaded to my site is “Trading as a Business” by unknown author. It’s difficult to categorize this book as it’s quite unusual. It tries to teach the reader to treat the financial trading (for us — it’s Forex trading) as any other business, with it’s income and spending, profit and losses. A very big part of the book is dedicated to the process of creation of the trading strategy, its development and improving […]
Read moreThe dollar regained its power on the Forex market today as the euro declined in correction, pressed on by the technical and fundamental factors. Even the rather growth-favoring macroeconomic reports that were released today failed to help the euro. EUR/USD is currently trading near 1.4864. Initial jobless claims continued to decrease last week and were down from 512k to 502k. The expected number of claims was at 510k. Crude oil inventories increased by 1.8 million […]
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