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Day: January 23, 2012
January 232012
Loonie Heads Higher as Oil Prices Rise
Canadian dollar is heading higher against the US dollar today, gaining as oil prices rise, and as risk appetite returns to the Forex market. Loonie is gaining, in a reversal of Friday’s losses, and appears ready to enforce a degree of strength this week. As a commodity currency tied to oil, one of the helps the Canadian dollar is receiving in Forex trading today is higher oil prices. The European Union embargo of oil from Iran is […]
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January 232012
US Dollar Lower on Risk Appetite
US dollar is lower today as risk appetite makes an appearance. The euro has moved back up to the 1.30 level, and the greenback is down against other currencies as well. The three-month London Interbank Offered Rate (Libor) for the US dollar fell as well. US dollar has been pulling back, heading lower as hopes for a Greek solution once again rise. Risk appetite is making an appearance as European stocks head […]
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January 232012
EUR/USD Reaches Two-Week High
The euro reached the highest price in more than two weeks against the US dollar today as European financial ministers discuss measures for dealing with the region’s fiscal crisis. European officials are meeting in Brussels to discuss a Greek debt swap and new rules for preventing financial turmoil. Greece is rumored to near an agreement with private bondholders on swapping bonds to new ones with lower yield. Germany proposed to use both […]
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January 232012
Aussie Reaches Two-Month High as PPI Rises
The Australian dollar jumped today to the highest level in more than two months after the report showed that the Australian Producer Price Index advanced in the last quarter of 2011. The PPI rose 0.3 percent in the fourth quarter after increasing 0.6 percent in the previous three months. The rise of the index was caused mainly by advancing prices for manufactured goods, while prices for agricultural commodities declined. The Australian dollar reacted positively to the report, rising […]
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January 232012
The 5 Steps to Becoming a Trader E-Book
As of today, the latest free e-book that was added to EarnForex.com is “The 5 Steps to Becoming a Trader” by an unknown author. This extremely short (only 5 pages!) PDF e-book lists and describes the 5 steps of becoming a Forex trader. The steps are the fundamental psychological levels that are passed during the learning curve in almost any activity, e.g.: driving, sports, professional skills, etc. These steps are the following: Unconscious […]
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