Day: July 16, 2012

July 16
2012

Aussie Pulls Back on Chinese Comments

Australian dollar is heading lower against the US dollar today, due in large parts to comments made by Chinese Premier Wen Jiabao. Additionally, general risk aversion is setting in as concerns about the eurozone and US earnings news look to be lackluster. Aussie has lost ground today, after making a strong performance earlier. Aussie is down against the dollar as concerns about what’s next for the global economy weigh […]

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July 16
2012

US Dollar Regains Upper Hand against the Euro

US dollar is back on top, thanks to concerns about growth and a lack of good news out of the eurozone. Risk appetite has all but disappeared, and the US dollar is once again the currency of choice. Right now, many Forex traders and investors are waiting for word from Federal Reserve Chief Ben Bernanke, who is set to testify before Congress on Tuesday and Wednesday. There is speculation that Bernanke’s […]

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July 16
2012

EUR/USD Recovers on Poor US Retail Sales

The dollar experienced a rather fast depreciation against its eurozone counterpart today following the release of the fundamental report from the United States. The effect of the retail sales report turned out to be limited. The EUR/USD currency pair declined earlier, moved by the slowdown in the European debt crisis resolving. Advance retail sales for June 2012 decreased by 0.5% as reported by the US Census Bureau. The drop followed a 0.2% decline registered for the month May and came […]

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July 16
2012

Alternatives to Spot Forex?

When you hear about “Forex” you probably think about the spot Forex trading, usually online. But the foreign exchange market consists of several types of transactions that affect the currency prices and not all of them are part of the spot trading process. Before proceeding to the poll’s question, I will describe some of the most popular Forex trading types: Spot Forex — the usual way to trade Forex. Spot currency trading […]

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