Forex is a news-driven market. Local, regional or world events can cause sudden spikes and falls to occur in seconds. Depending upon the significance of the news, and how closely it is related to a particular currency, an amazing amount of trading can occur in a very brief period of time.
Considering the potential for a [...]
The Forex market is quickly becoming one of the most popular markets for trading.
Not only are the experienced traders looking to this market to maximize their trading returns, but many new, individual investors are now able to trade the Forex market – just as they do stocks and futures.
More and more individuals are seeing Forex [...]
Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are. [...]
U.S. markets have opened with moderate losses on Tuesday, after S&P 500 index topped at 1,000 level, its highest since November 2008, and on the back of the largest decline on Personal Income seen in the last four years. Euro and Pound continue trading within rather tight ranges, right below yesterday highs.
Dow Jones Industrials Index [...]
A limit order is meant to buy a particular futures contract at a certain price or better. You will use this type of futures order when you want to get a better price than where the market is currently trading.
A limit order to buy is placed below the current market price. A limit order [...]
The Brazilian central bank on Monday bought U.S. dollars at a snap auction for BRL1.8314 per dollar.
The central bank didn’t reveal the volume of dollars it purchased. The central bank has been buying dollars at snap auctions on an almost daily basis since March in an effort to build foreign reserves. Reserves now stand at [...]
Better than expected US ISM manufacturing data and Construction spending are hurting the Greenback during the American session. EUR/USD is not the exception, and it has fallen around 100 pips in the last hour from 1.4325 to post 1.4430 as fresh 2009 highest level.
Currently the pair is trading around 1.4415/25, 1.20 higher than opening price [...]
The Sterling has risen around 170 pips against the Dollar during the American session from 1.6820 to post the highest level since October 21 at 1.6987 in its way to test 1.7000 level. Currently the pair is trading around 1.6935/45, 1.40% above today’s opening price action.
Valeria Bednarik collaborator, comments: “Pair has resume midterm uptrend, after [...]
Pound has extended its rejection from 1.6570 against Dollar after the better than expected Q2 US GDP annualized with falling around 50 pips in the last minutes to trade below 1.6500 level, close to 1.6490. Currently the Cable is trading around 1.6490/1.6500, 0.05% above today’s opening price.
U.S. Gross Domestic Product contracted at a 1.0% annual [...]
European markets are going through gains in the first hours of trading, supported by better than expected quarterly profits by chemicals, which have offset negative influences by declining commodity prices. Euro and Pound declines have found support and the pairs attempt to re-gain some of the lost ground.
Eurostoxx 50 index trades 0.70% above its opening [...]
