Forex market participants had hard time trading last week and it is not likely that this week will be in any way better. Uncertainty and confusion created by the situation in Cyprus leads to volatile and unpredictable moves. Unsurprisingly, the euro is one of the hardest currencies to trade right now. Cyprus will likely remain in the forefront of the news during the current week. An agreement was reached about rescuing the country, but […]
Read moreThe Canadian dollar advanced today as crude oil gained amid the positive market sentiment caused by the bailout deal for Cyprus. The currency trimmed its gains and fell against the yen as optimism was slowly going away from the Forex market. Futures for crude oil went up 0.7 percent to $94.40 per barrel after reaching $95.65, the highest level since February 20. Other markets also felt optimism, boosting risk-related […]
Read moreJapanese yen is higher across the board today, gaining as Forex traders turn to safe haven in the wake of second thoughts about the Cyprus bailout deal. However, the ability of the yen to sustain its gains is in doubt. The first BOJ meeting with Haruhiko Kuroda is coming up, and many are waiting to see what he delivers. Earlier today, the last-minute Cyprus bailout deal caused a bit of a stir and boosted riskier […]
Read moreAfter losing ground to the euro earlier, the US dollar is back on top against its European counterparts. After re-thinking the Cyprus bailout, many Forex traders are less than enthusiastic. Greenback is in demand as safe haven is sought. Forex traders and investors are trying to wrap their heads around what is likely to happen next on a number of levels. Earlier, the US dollar was lower against its […]
Read moreThe Polish zloty gained today on the optimism about the bailout deal for Cyprus. Gains were contained by concerns that the rescue package will not be enough to resolve all the problems. Cyprus has reached a deal with the European Union regarding financial aid. The news improved prospects for European economy and Poland’s economy as a result, because more than a half of the Eastern European country’s exports go to the eurozone. Experts are still unsure […]
Read moreThe performance of the euro shifts and changes as Cyprus continues to remain in the spotlight of the news and the future of the country remains uncertain. For now, the currency has the upper hand, but some analysts are worried that it will not be able to retain the gains. Cyprus will receive a bailout worth â¬100 billion. The terms of the deal include losses on deposits over â¬100,000, but does not mention a bank levy, which many investors have […]
Read moreThere are many platforms available for online Forex trading. Some are very simple and are intended for beginners, some are morecomplex and offer advanced tools for developers of automated systems. Some platforms offer basic charting tools, while some provide possibility for creating your own custom indicators. MetaTrader’s popularity is largely dependent on its blend of usability, set of built-in charting tools, and a rather simple coding language […]
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