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Day: December 30, 2011
December 302011
Canadian Dollar Mixed in Forex Trading
Canadian dollar is largely mixed in forex trading today, looking for direction as concerns about the oil supply mesh with speculation about what’s next for the global economy. Loonie relies heavily on oil prices for direction in Forex trading, since that is one of its major exports. With oil prices slightly lower today (but up on the year), Forex traders are looking for direction. Additionally, there is uncertainty […]
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December 302011
US Dollar Lower Today, But Looks to Post Annual Gain
US dollar is almost universally lower today, thanks to a small amount of optimism as the year draws to a close. However, even though the greenback is lower on the day, the currency looks to post an annual gain against the euro. Indeed, 2011 has been a year of dollar strength as Forex traders have turned to it as a safe haven. With concerns about what’s happening in the eurozone weighing on the euro, and with uncertainty about the state of the global […]
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December 302011
Kiwi Higher on Good Prospects for US Economy & Equity Gains
The New Zealand dollar advanced today against most major currencies as global stocks gained and outlook for the US economy remained positive, increasing demand for higher-yielding assets. Analysts predict that a report next week will show that manufacturing in the United States expanded. The Standard & Poorâs 500 Index rose as much as 1.1 percent, while the Stoxx 600 Index advanced 0.9 percent yesterday. The MSCI Asia Pacific Index […]
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December 302011
GBP/JPY Falls as HPI Drops
The Great Britain pound fell today against the Japanese yen to the lowest level in a month as UK house prices declined in December, reinforcing fears of the economic crisis in Britain. The currency rose slightly versus the US dollar. The Nationwide House Price Index fell 0.2 percent this month, following the 0.4 percent increase in the month before. Housing equity withdrawals (change in the total value of new home-secured loans that are not used […]
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December 302011
Book Review: Diary of a Professional Commodity Trader (Peter L. Brandt)
I’ve been reading very positive reviews of Peter Brandt’s book on Amazon for some time and, recently, I’ve decided to read the book myself to see if it’s really that good. Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading turned out to be a rather unique book in a way that it’s the only Forex book that is based on the real-time trading experience rather than […]
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