Fundamentals Continue to Drive Forex Markets with European Interest Rate Releases
November 4, 2010 9:57 am by Natalie R.Important market movers await forex traders today with US Unemployment Claims, British and European Rate decisions followed by central bank news conferences. Here’s an outlook on the most influential events that will shape forex trading this Thursday.
Can Crude Maintain its New Rally?
November 2, 2010 3:22 pm by Natalie R.Oil prices received a boost yesterday after Saudi Oil Minister Ali Naimi suggested consuming countries are happy with oil between $70 and $90 a barrel, raising the price ceiling by 10$ from the previous range of $70 - $80.
CHF May See a Much Needed Recovery Today
November 2, 2010 11:52 am by Natalie R.Following a long bearish streak versus the CAD over the past few days, the CHF seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going short on CAD/CHF now.
Can we Expect Another Rally for Gold prices?
October 29, 2010 1:08 pm by Natalie R.After reaching a record high of $1,376.70 an ounce on Oct. 14th, Gold prices have been falling steadily ever since, stabilizing around the $1335 level. Can we expect another rally for Gold prices? The answer may come after next week’s ...
Bullish Correction Expected for the AUD
October 29, 2010 9:41 am by Natalie R.Following a sharp decline over the past few days, the AUD seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on AUD/NZD now, and at a great entry ...
US Advance GDP Report
October 28, 2010 6:26 pm by Natalie R.Tomorrow the advanced version of the US 3rd quarter GDP is expected to be released at 12:30 GMT. The GDP is the annualized change in the inflation-adjusted value of all goods and services produced by the economy. The GDP estimate ...
Is the U.S Housing Market Seeing a Long Awaited Recovery?
October 26, 2010 6:03 pm by Natalie R.With the upcoming Nov.2 -3 FOMC meeting and the speculation of expansion of quantitative easing by the Federal Reserve the main focus of the markets, this week’s economic data is expected to have great effect on investors’ expectations.
British Pound Extends Gains after GDP Beats Targets
October 26, 2010 5:13 pm by Natalie R.The British pound rose broadly on Tuesday versus its major counterparts, after government data showed much stronger than expected GDP growth in the 3rd quarter and boosted demand for the currency.
SGX’s ASX Takeover Igniting Speculations of Further Mergers in the Region
October 26, 2010 4:25 pm by Natalie R.Yesterday’s formal announcement of Singapore Exchange’s takeover of ASX has been stirring Asian markets while making both investors and policy makers uneasy.
GBP/JPY Makes an Attempt to Break Higher
October 25, 2010 1:24 pm by Natalie R.Over the last month, the British poundhas been steadily losing ground to the Japanese yen. The yen, widely considered to be a safe-haven currency, has been making gains across the board as investors continue to shy away from risk taking. ...
