They say an independent person equals a confident one while a dependent person lacks confidence and cannot do without hope. As a matter of fact, successful and well-off people belong are independent and confident while the majority of other people cannot unfortunately boast belonging to the latter group. An average person has to constantly face various challenges and deterrents while being dependent on the boss, having constant income-related headaches, suffering from inflation and endless incoming bills waiting to be paid just in time. More often than not, bosses abuse their employees, forcing them to do what they do not want to. So why not become your own boss?
Today, on October 17th, during the European trading session, the common currency managed to regain some of its value against the world’s most popular currency, which is the American Dollar. Still, the recovery was rather weak. EURUSD rallied from 1.2780 up to 1.2839, thereby making a narrow trading range between the levels. With that said, the currency pair has been trading within the range since the beginning of the American trading session.
Yesterday, on October 16th, the President of the Federal Reserve Bank of Saint Louis told Bloomberg TV that the Fed should delay the total tapering of QE3 planned for this month. His concerns are caused by lower inflation expectations coming from investors coupled with much more volatile markets. US stock indices were busy retracing before the statement, thereby reducing to nothing almost the entire gains to all-time highs made this year. After the statement, the VIX went down from the extreme value of 31,06 down to 25,20 while the USA’s major stock indices closed the trading session with a rally.
Today, on October 16th, the US Dollar drooped 0,11% during the Asian trading session. This decline was followed by yesterday’s drop against other majors after the USA revealed poor economic figures during the American trading session.
Today, on October 15th, the US Dollar managed to gain 0,19% against the Japanese yen earlier on the trading day. This happened after Nikkei 225, Japan’s major stock index and one of the major Asian stock indices, gained 0,5% during the Asian trading session.
There is no such thing as too much money. That is why the search of decent moneymaking opportunities has always been and will always be one of the key and most burning issues for an average human being. On top of that, this holds especially true when the global economy shows signs of weakness and is about to stagnate, thereby affecting the buying power of most people around the globe.
As you probably know, today’s Forex industry offers a huge variety of services. Even rookie traders with tiny trading capital now have a decent opportunity to trade Forex on the so-called micro / cent accounts (starting from $1). I bet some of you have some questions like:
What are micro / cent accounts? Why are they so popular among rookies worldwide? Why are beginning traders recommended to choose micro / cent accounts (usually $1 to $50) when deciding to switch to real-money trading? Which micro brokers are the most reputable, popular and reliable? Let’s find this out…
They say buy new bottoms and sell new highs. With that said, you can find plenty of financial assets to trade in contemporary financial markets. Still, contracts for differences (CFDs) can actually be considered some of the best assets to trade, especially as some of them are currently undervalued.
Yesterday’s trading sessions were dominated by the bulls (the buyers of EURUSD). During the American trading session, the market advanced up to 1.2767. At this point, the price level is the high of the current trading week. The following point was reached as the result of strong economic figures coming from Germany’s the Eurozone’s biggest and strongest economy.