All Entries in the "Current Forex News" Category
US GDP Statistics For Year 2010 3rd Quater
United States officially released their statistics for regarding Gross Domestic Product in comparison to the previous two quarters and the projected figures for each quarter. The US economy however failed to make substantial marks when it came to the projected figures and the actual ones.
Gold Trade Session Summary
Gold market experienced a little activity in terms of variation for yesterday. It covered a thin $6.10 range. The gold market in terms of trade was very humdrum and traders were sidelined when it came to buying and selling. However, decline in the price of British Pound and Euro triggered the forex traders to spend [...]
British Pound Still Bearish
With the Christmas approaching, people get involved in a shopping spree. They purchase gifts and give aways for friends and relatives. These gifts also include the purchase of gold items as well. Hence the price automatically rises resulting a decline in the price of BP.
Chinese Help Strengthens Euro
In the past few days, global forex markets have witnessed a decline in Euro value. Yet Euro managed to remain above its opening price during the trading days. The recent speculations about Chinese support to the European Union in stabilizing their current condition has effected the position of Euro in the international forex market.
Reasons Why You Need to Have Trading Software
With your gained experience as a trader especially in forex business, you might think that you don’t need aid from some sort of computer applications such as software that can actually do the business for you. This is a good sign of self confidence but this is not the case. You might as well think [...]
Forex Trading Robots for Forex Trading
We may ask why it is that there is still a need for a forex trader to have a forex robot. Well, technically speaking, if in the course of business alone, you do not need this thing just to run the business. You can get the business running even without it. However, when we speak [...]
Cash Management and Forex Gambling
We often associate the terms investing and gambling with each other. What we don’t know is that there is a large difference between these two terms. However, we can see the similarity between these two in forex gambling and forex trading. How is that possible? Forex gambling enables you to improve your cash management skills [...]
Importance of Forex Rates
Asking the importance of forex rate in forex is like a rhetoric question. It does not really require having an answer because it is where the business revolves. Without it, such business will not exist. When we speak of forex, it is true that we deal with money. However, this money is technically termed as [...]
Oil and Gold falls on strong US Dollar, IMF sale
The U.S. Dollar rose to a high in the forex trading market this Thursday mostly on the back of strong economic statistics released on Wednesday the 17th. The Euro meanwhile continued to be uncertain and almost fell to the seven month low that it reached earlier in February against the U.S. Dollar. Gold prices meanwhile [...]
Forex Market Update: G7, Oil and the Euro
The Euro has been in the spotlight this month and it seems that speculation and rumors continue to abound regarding it in the foreign exchange trading market. The G7 meanwhile is scheduled to hold a special summit in Brussels on Thursday concerning the current economic situation. Oil prices meanwhile finally halted their fall and have [...]