All Entries Tagged With: "exchange rates"
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 [...]
The Forex Currency Trading Market
So in the past we have discussed the basics of forex trading in the post What is Forex and how it works? but we have yet to discuss the workings of forex currency trading itself. The forex market, also referred to as the foreign exchange, FX or currency trading market manifests itself in three forms, [...]
Analysis in Forex Currency Trading
While we have already stressed the importance of having a forex trading strategy, analysing and being up to date with news in our earlier posts, we go slightly more in depth in this one to discuss how to improve your chances of making gains in the forex currency trading market. We have also discussed the [...]
Forex: Obama, Yuan and Gold
U.S. president Barack Obama on Wednesday told senate democrats in a meeting on Wednesday that they would have to address the challenge of currency rates, with regards to the Chinese Yuan and how its current forex trading value allows Chinese goods to be priced more competitively than similar products or services from the United States. [...]
Forex Trading for Dummies: Who is right?
If you are unfamiliar with Forex and tried to do a search for Forex Trading for Dummies, you would probably have gotten thousands of results each of which offers you a guide to learn forex trading quickly and simply. So which one of these should you follow? Which one will enable you to learn what [...]
Euro Forex hits a half year low
The Euro, the currency now in use by most countries inducted into the European Union, went south (to Greece) in the foreign exchange after concerns regarding Greece’s ability to keep within its fiscal budget arose. Despite the Greek government’s promise to cut the budget gap (between the GDP and government spending) from over 12% to [...]
USD Forex Rate Strengthens with ADP Report
More positive news for people interested in forex trading coming out of the United States with a report from the ADP showing that 22,000 private sector jobs were lost as opposed to a predicted and expected fall of 30,000. This follows the general trend in the US which shows job losses steadily falling and boosting [...]