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Author: admin_mm
February 152008
Poor U.S. Macroeconomics Push Dollar Down
This week ends far worse for dollar bulls than they may have expected. Only Wednesday was an uptrend day for the U.S. dollar, but it didnt gain a lot that day. Friday brought in the break through the 1.4700 resistance level on EUR/USD. Some disappointing data on the net foreign purchases and the manufacturing survey were the most important causes of todays dollars decline. Export and […]
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February 152008
USD/CNY at Record Low Level
The Chinese yuan continued its triumph this week and was set at a new record high value against the U.S. dollar today at the Shanghai Foreign Currency Trade session. It will be 10th straight gaining week for the yuan if it closes at the 7.179 yuan per dollar. It is significantly lower rate than yesterdays 7.1904. Since European and American officials started to press on Chinese government to appreciate yuan […]
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February 142008
EUR/USD Grows on Trade Balance News
EUR/USD rose from 1.4575 to 1.4635 today after the news from the U. S. Department of Labor and the U. S. Census Bureau arrived. Despite them being better than expected, they failed to stop dollar or even stock markets from declining today. Initial jobless claims for the last week went down from 357,000 to 348,000 slightly better than it was expected by the markets (350,000). Trade balance deficit in U.S. […]
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February 142008
GBP Continues Rising against Other Majors
Great Britain pound continued its almost a week long rally against the currencies of Eurozone, U.S. and Japan, as the traders believe that the Bank of England will turn its head to inflation rather than the lack of the financial liquidity. There is now a three days of consequential growth on the GBP/JPY Forex pair, but it still is quite moderate result for this trading instrument. Withing these three days GBP/JPY easily went up from 208.66 to 213.42. […]
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February 132008
Trade Idea: Buy Australian Dollar with Euro
According to the new research note by Richard Grace from the Commonwealth Bank of Australia, it would be better to buy Australian dollar with euro in 2008 to earn from the interest rates difference. The EUR/AUD currency pair is proposed to substitute the AUD/JPY as the next carry trade investment opportunity, because along with the wide positive interest rates difference its more stable than the yen based currency […]
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February 132008
4 Ways in Which the Weather can Affect the Forex Markets (by Heather Johnson)
Currency trading can be approached using a number of different methods. Many mathematical purists will tell you that technical analysis is the only way to go, swearing that they can see the future by poring over chart after chart after chart. Others glance at the trends, ruminate for a minute or two, then go with a hunch and ride a pair wherever it wants to go. Some forex traders, however, […]
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February 132008
Dollar Appreciates Today on Good Fundamentals
Dollar was almost unchanged versus euro today before some important to fundamental analysis indicators were released in U.S. EUR/USD opened at 1.4580 and made some moderate movements in both directions, but has been near the opening level before the statistics came out. Good data had an improving effect on dollar. It is now trading more than 30 pips below the opening price. Advance figures for the retails […]
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February 122008
Jean-Pierre Jouyet: Euro is Ready, U.S. is not
Jean-Pierre Jouyet said that during the last G7 meeting (which was on February 10th in Tokyo), that there weren’t any signals from the U.S. representatives, that the States are going to try correcting the current unbalanced situation in Forex. It looks like the French officials are the ones that are most concerned with the current […]
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February 112008
Rand — Worst Performer so Far
The strongest African economy may soon lose its position at least so tells us its currency. South African rand appears to be one of the worst performing currency of 2008. Rand, being an indicator of the national economys health, was the top loser against the U.S. dollar this January with a loss exceeding 4.4%. Although gold and platinum (South African export commodities) were appreciating fast last month, traders were concerned with electricity […]
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February 112008
Position Size Calculator and Pip Value Calculator
Ive added a new calculator to the Forex tools section of the site its a Position Size Calculator. Its largely inspired by the Forex Position Size Calculator created by Rich Paredes from ForexProject.com. Ive tried to improve it with own vision of the position size calculation and now you can check it out. It calculates position size in units and lots, it also returns the amount of risked money or the risk ratio for your position. Account currency and leverage are stored in the cookies. Pip […]
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