Day: November 19, 2012

November 19
2012

Australian Dollar Follows Rally of Stocks

The Australian dollar rallied today as advance of stocks increased appetite for risk among investors. Equities gained as fears of the fiscal cliff in the United States receded. The risk sentiment improved as US President Barack Obama showed confidence in a positive resolution of the current dangerous fiscal situation in the USA. The MSCI Asia Pacific Index of shares advanced 0.9 percent. The Australian currency was especially stronger against the Japanese yen that was hurt by expectations […]

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November 19
2012

US Dollar Drops on Return of Risk Appetite

US dollar is heading lower today as risk aversion fades and Forex traders look for higher yields instead of safe haven. Concerns about the situation around the global have eased a bit on the rumors that an agreement on Greece is about to be reached, and that compromise is likely in the US fiscal cliff drama. European Union officials think that a funding agreement on Greece can be reached in the next couple of days, […]

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November 19
2012

Possible Greek Funding Deal Helps Euro

Euro is getting help today from the possibility of a deal on Greek funding. There are still problems to be worked out — including disagreement over how to proceed between the eurozone officials and the IMF — but for now there is enough optimism to help the 17-nation currency. Thanks to the latest news out of the eurozone, the euro is getting a bit of a boost. European officials are expected to reach a deal arranging for funding […]

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November 19
2012

Getting New Ideas for FX Trading Strategy

Whether your current strategy does not bring satisfactory results, or you need to complement a short-term trading system with a medium-term one, or you simply got tired of following the same boring rules, you will need an idea for your new trading strategy. There are many ways to develop a new strategy. While the whole process has much to do with trader’s own preferences, style, experience, research and trial […]

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