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Foreign exchange market

EURUSD: Intraday Outlook


Photo: EURUSD: Intraday Outlook

 

 

Today, on May 20th, Forex started a new trading week. There have been no radical changes in the market of EURUSD so far. The previous bearish move was elongated by some 200 points. The price keeps developing the ABC pattern of wave level Daily. The move hasn’t reached any of the given targets so far.
Publication date: 20 May 06:15 AM

John Kay: New Zealand Dollar Is Overvalued

As the New Zealand economy is expected to be strong amid the RBNZ’s tougher monetary policies and adaptive fiscal conditions on a global scale keep supporting the New Zealand Dollar.

Publication date: 05 February 05:52 AM

Forex Lessons: 1000% Profits

 

These days, more beginners turn into professional Forex traders who start making decent profits. However, broking companies report that only 15%-20% of traders do succeed in Forex trading on a regular basis. Others lose in the long run. Most of them are rookies with initial capital $1000-$5000. They spend a couple of weeks on learning the ABC of Forex trading and start trading off the bat. No wonder that they eventually lose their money. Yet, this happens every year.
 
Publication date: 04 February 07:56 PM

EURUSD: Intraday Outlook

Last Friday, the common European currency used US stats as a pretext to create a nonconventional price pattern, which was hard to identify by means of wave analysis. The mid-term trend remained bullish.

Publication date: 04 February 06:39 AM

Spanish Corruption Scandal and Euro Currency

The Spanish political and economic crisis is still underway. The situation is escalated by a corruption scandal around Prime Minister Mario Rajoy'sruling party.  The Socialists as the major opposing force urge the cabinet of ministers to resign immediately. They say this is the only reasonable way out  of the difficult situation that the country has found itself in.

Publication date: 04 February 06:27 AM

Who Will Become Best ECN Broker 2013?

 

How to achieve success in Forex trading at lows costs and relatively fast? There are several ways. However, one of the best ways to do that is by making use of the ECN technology.
Publication date: 03 February 06:24 PM

ActivTrades: What Has Changed Since the 2000s?

 Any trader dreams of conquering the Financial Olympus to join the industry’s most prominent personalities like Larry Williams. However, not all of them know that knowledge, skills and ambitions are not enough to stay a winning player for years. It is also vital to have a good time when trading Forex (or other financial markets). If trading is painful and disappointing, there is no point in trying to make money this way.

 
Well, Forex trading used to be a difficult business a decade or two ago when the industry wasn’t as developed as it is today. At that time, few traders (most of them were institutional traders like banks and financial companies) could actually make money in the long run. Individual trader simply couldn’t afford to trade the genuine interbank market as the initial capital requirements were too high ($250 000 and higher).
Publication date: 03 February 07:24 AM

Euro Reaches Major Levels

Despite the difficulties that has been hindering the eurozone economy, the Euro currency keeps strengthening against the US Dollar and other major currencies. The price is breaking above every single level of resistance with ease.

Publication date: 01 February 06:19 AM

Long-Term Factors Weaken Japanese Yen

The Japanese government feels optimistic towards tax revenues after economic recovery. The Prime Minister says that tax revenues will exceed the proceeds from bond sales for the first time in 4 years.

 

 
Publication date: 01 February 03:55 AM

Investors Expect No Interest Rate Cuts By RBA

The statement concerning the 2013 election that was made by Julia Gilbert, Australia’s Prime Minister, had no impact on the Australian Dollar exchange rate.  Analysts say that the statement was unexpected for political scientists but failed to change the overall sentiment in the market of the Australian currency.

 

 
Publication date: 31 January 06:11 PM

Societe Generale Expects Further Yen Weakening

The Japanese Yen keeps weakening despite the fact that the recent actions taken by the Bank of Japan seem to have disappointed investors. Nevertheless, the central bank’s obligations to eliminate deflation may have a major effect in the long run. This is what the experts working for Societe Generale think on the matter.

 

 
Publication date: 31 January 03:42 PM
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