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Day: July 19, 2010
July 192010
Euro Up on Stress Test Speculations
The euro is growing against the other major currencies today, as the European banks’ stress test speculations provide a better ground for the Forex traders than the sovereign debt risk concerns in some of the Eurozone countries. The currency rose against the U.S. dollar, the pound and the yen after opening with a bearish weekly gap and losing slightly during the early trading session. European officials are stress-testing 91 banks, trying to determine their level […]
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July 192010
IMF and E.U. Won’t Help Hungarian Forint at Weekly Low
Following the release of the statement by IMF regarding the financial state of the Hungarian economy, the Hungarian forint fell to the lowest level since July 7 against the U.S. dollar and then rebounded slightly. On July 17, the International Monetary Fund released the statement regarding its mission to Hungary, outlining some developments in the Hungary’s budget and economic situations but also complaining that “a range of issues remain open” with the country’s government. Viktor Orban, the current […]
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July 192010
Forex Trader’s Worst Enemy
When a newbie trader enters the world of Forex trading he barely knows anything and often isn’t very successful. But after gaining some basic experience, reading some educational books on Forex and mastering some of the simple position management techniques a trader becomes confident in his skills. Unfortunately, such confidence can be premature as there are many enemies of success in Forex trading. Some traders don’t have enough […]
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