March 19th, 2010 by Forex: iStockAnalyst.com Feed
The U.S. Dollar Index finished the week near its high after sharp breaks in the British Pound and Euro drove it sharply higher on Friday. The close above a retracement zone by the Dollar puts it in a position to challenge the high for the year at 81.70. It was a volatile week for the Dollar. The first half of the week saw the Dollar receiving selling pressure because of the prospect of lower interest rates for a prolonged period. The Dollar posted a strong gain during the second half of the week as renewed risk aversion sentiment encouraged traders to dump higher yielding currencies.[More...]
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March 19th, 2010 by "Forex" - Google News
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March 19th, 2010 by Kathryn Smith
You can think that you cannot afford to invest in gold if you are not extremely wealthy but this could not be more further from the actual truth. Investing in gold can be done little by little. Or more plainly said you can purchase gold by the gram. This is actually the smallest unit you can purchase gold with. Investing in gold by the gram will cost you no more than what you would spend for a dinner with your friends.
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March 18th, 2010 by ForexYard Daily Analysis Team
Dollar Wins Amid Greek Debt Concerns
The U.S dollar rose on Thursday amid signs of increasing tensions within Europe over an aid plan for the debt-strapped Greek government. The Dollar also received support from some discussion in the mark…
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March 18th, 2010 by Forex: iStockAnalyst.com Feed
We all know how people change their minds very easily. It appears that governments are not any different. For the better part of last year we heard complaints from some countries that their currencies were too strong.[More...]
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March 18th, 2010 by Angie Walters
To understand currency trading strategies you need to first understand how currency trading works. Currency trading is buying and selling pairs of currencies simultaneously. The amount these are bought and sold for depend on their supply and demand. The amount they are worth relative to one another is what determines your profit.
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March 18th, 2010 by Forex: iStockAnalyst.com Feed
The U.S. Dollar is trading better against most major currencies with the exception of the Japanese Yen as investors removed risk from the equation overnight. The Dollar was under pressure on Wednesday as traders reacted to the previous day’s FOMC statement. In its statement the Fed said that interest rates would remain low for a prolonged period. This gave traders the green light to buy higher risk assets while selling the Dollar.[More...]
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March 18th, 2010 by Forex: iStockAnalyst.com Feed
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 12:30 GMT. The other main releases that will dominate forex trading, especially for currencies such as the Dollar, EUR and GBP is the publication of Europe’s Current Account Balance and British Public Sector Net Borrowing at 9:00 GMT and 9:30 GMT respectively. Traders may find good opportunities to enter the market following these vital announcements.[More...]
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Tags: british pound, currencies, Currency Trading, Currency Trading News, dollar index, Forex, interest rates, Prolonged Period, risk aversion, Second Half, Sentiment, Sharp
