30th June 2010
Citi’s forex trading platform, CitiFXPro, has today said that several major indices are trading on key support levels which have held following yesterday’s aggressive stocks sell-off. The VIX has also tested and held good resistance, so Citi say that they expect short-term stabilization here. Other markets are showing early warning signs that the USD is [...]
30th June 2010
Foreign exchange is incredibly attractive to traders, offering a number of advantages over the stock market. Depending on your trading or investing approach the forex market may be far more suitable – and profitable – than trading stocks.
Liquidity
By far one of the biggest advantages of trading forex online is the liquidity of forex markets. The [...]
24th June 2010
Both the US dollar and yen rose against the euro during Thursday trading, as investors once again began to be concerned about Greece’s debt hanging over the euro zone. Reports have been coming in that the cost of protecting Greece’s government from defaulting on their debt has hit a record hit; this swayed investor to [...]
22nd June 2010
The market in Forex trading is a global one that never closes, as the trading hours overlap between different time zones and trading can be conducted day and night, except at weekends. It closes at 9:00 pm on Fridays and reopens at 9:00 pm on Sundays GMT. Online Forex trading is obviously the most popular [...]
18th June 2010
Forex rates are priced in pairs, so no pair trades completely independently of the other pairs; this is why understanding currency correlation is so important.
Let’s say currency pair one moves in the same direction as currency pair two and you have been following the movements of currency pair one very closely using your forex [...]
15th June 2010
The euro rose for the second consecutive day against the US dollar after Greece got upgraded from junk status on Monday. This eased some concerns about the euro debt crisis spreading to the wider economy.
The euro had risen to $1.2298 before losing ground and finishing the session 0.4 percent up at $1.2272. The euro also [...]
14th June 2010
The euro rose today against a hat full of currencies after investors moved towards the euro currency as better than expected industrial output data boosted the currency. The euro moved ever further away from the four-year low hit against the dollar recently, ending the session 1.3 percent up at $1.2250.
Although the euro took a big [...]
9th June 2010
Sterling rose to a 2-day high against the US dollar in Wednesdays trading as investors risk appetite grew after a Reuters report showed that Chinese exports in May grew 50% compared to the same period last year, outstripping market expectations.
Sterling hit $1.4545 against the dollar during the European trading session, ending at $1.4538 with a [...]
3rd June 2010
Experts use forex robots or automated forex trading for several reasons: it could simply be a matter of time constraint, a trader may want to add flexibility or a trader may want to put something in place to keep emotions at bay when the market moves unexpectedly. For new traders the benefit of using automated [...]