Day: August 20, 2012

August 20
2012

Sterling Goes Down with House Prices

The Great Britain pound fell today against the Japanese yen as the report showed that UK house prices declined this month, adding to signs that Britain’s economy is struggling. The problems of the United Kingdom reduced demand for the sterling as a haven from the European crisis. The currency still managed to advance versus the dollar. The Rightmove House Price Index fell 2.4 percent in August from July, when the prices declined 1.7 percent. […]

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August 20
2012

South Korean Won Rises, Trims Gains on Concerns for Global Economy

The South Korean won rose against the dollar today. Gains were limited, though, as investors were concerned that the global economic slowdown would reduce demand for South Korean export, hurting the nation’s economy and the attractiveness of the currency. The government report showed that South Korea’s exports declined 8.8 percent in July from a year ago. The Export Price Index fell by 1.3 percent in July (month-on-month). The Bank of Korea has kept […]

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August 20
2012

Euro Looking for Direction; Headlines Likely to Dominate this Week

Euro is looking for direction right now, and it seems likely that it will be all about the headlines this week. Confusion about what the ECB is planning to do — and what Germany is on board with — is hindering the euro a bit as Forex traders look for clues about what will happen next. This week, there will be plenty of interest in the news. We’ll be […]

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August 20
2012

Australian Dollar Higher as Traders Await RBA Statement

Aussie is higher today, gaining against the US dollar ahead of tomorrow’s statement from the Reserve Bank of Australia. There is interest in what RBA officials will say, since there are expectations that an interest rate cut could be on the way. The Australian dollar has been somewhat strong in recent weeks, but RBA officials seem to be worried about the strength of the Down Under currency. On Friday, RBA […]

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August 20
2012

Long-Term Position Holding Opportunities in Forex? Possible!

Dismissing a trading strategy in one market just because it cannot be as profitable as one would expect it to be in some other market is probably not the wisest of the Forex traders’ popular conventions. “Buy-and-hold” strategy is a victim of one such convention. Sure, you cannot rely on it the same as in stocks. Sure, it is hard to manage risks as there is no optimal stop-loss area. But despite […]

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