
Browsing Archive: November, 2009
Posted by Haris Mala on Wednesday, November 18, 2009,
The Forex market offers the trader numerous opportunities and can
be very profitable to trade and also very exciting. The most important
Forex market is the spot market as it has very large volume. The market
is called the spot market because trades are settled immediately, or
"on the spot".
With Forex trading there are also considerable risk factors. It is
seriously crucial that you fully understand the implications of margin
trading and the particular pitfalls and opportunities that fore... Continue reading ...
Forex Practice Accounts — Are Demo Accounts Really a Good Thing?
Posted by Haris Mala on Wednesday, November 18, 2009,
Free Forex practice accounts are a service that are loved by some
yet hated by others, why is this so? Surely a free practice account can
be nothing but a good thing?
Not exactly so, it does have its benefits but also has it's
pitfalls, in this article we will examine the pros and cons of such an
account. Lets start off by looking at the practice account. For those
who may not be aware, the free practice account does exactly what it
says on the tin, it lets you practice Forex trading for f... Continue reading ...
FOREX: Starting your own trading
Posted by Haris Mala on Wednesday, November 18, 2009,
The presented article is intended for those who just turned their
eyes toward Forex. Beginning traders who are still learning the basics
of the foreign exchange market may also find something of interest
here. While experienced traders won't gain anything worth their time
reading this article.
Basically there are 4 steps which can be defined as "must do"
for those who wish to start trading Forex. Though, their order is not
particularly important, the more important part is their content, to... Continue reading ...
The Pros and Cons, of Trading a Forex Trading Demonstration Account
Posted by Haris Mala on Wednesday, November 18, 2009,
Trading is a skill that takes time to learn. Think of it like
Boxing it's also a skill that takes time to learn. If you get into a
professional boxing ring without any training, you'll get beat up
physically! If you get into the Forex ring without any training, you'll
get beat up financially!
The similarities are that both the examples are Skills, and
both require psychological preparation. The difference is that one is
physical and the other is financial.
We can get over a physical beatin... Continue reading ...
Forex Trading, What Hours Should I Be Ready For Trading?
Posted by Haris Mala on Wednesday, November 18, 2009,
Once you have decided to enter the Forex trading world you will
find that FX trading has many advantages over other capital markets.
Including among others; very low margins, free trading platforms, high
leverage and around-the-clock trading.
It is my main concern in this article to let you know what
hours you should be ready and focus for start trading, so you can
expect the highest profits in your trades, and not just consider that
around-the-clock trading means you should randomly trade ... Continue reading ...
A FOREX Quickie — How To Get An Educated Quick Start
Posted by Haris Mala on Wednesday, November 18, 2009,
First what is Forex: The FOREX or Foreign Exchange market is the
largest financial market in the world, with an volume of more than $1.5
trillion daily, dealing in currencies. Unlike other financial markets,
the Forex market has no physical location, no central exchange. It
operates through an electronic network of banks, corporations and
individuals trading one currency for another.
The Forex, or foreign currency exchange, is all about money.
Money from all over the world is bought, sold a... Continue reading ...
The Prime Time For Daily Forex Trading
Posted by Haris Mala on Wednesday, November 18, 2009,
Investors and traders can trade currencies worldwide, in any
trading zone, 24 hours a day, in today's foreign exchange market.
London, Japan and New York top the top three currency traders among the
currency dealers. These currencies are being traded 24 hours a day. The
only time that currencies stop trading is on Friday when the Japanese
market shuts its doors. There is a one day window after Japan closes
before Europe steps in on Monday morning to open for business. The majority of tradin... Continue reading ...
The Forex Market And Its Three Distinctive Elements
Posted by Haris Mala on Wednesday, November 18, 2009,
Although there are many distinctive elements of the Forex market,
there are three that can be highlighted as helping new traders learn
exactly what the foreign exchange market is all about. These
distinctive elements are those that every new trader should know long
before they make their first trade. The Forex system is one that is
made to encompass the entire globe. It can be difficult to interpret
and even more difficult to successfully trade within. The first step to
being a successful tr... Continue reading ...
Investment Myths And The Forex Markets
Posted by Haris Mala on Wednesday, November 18, 2009,
First what is Forex: The FOREX or Foreign Exchange market is the
largest financial market in the world, with an volume of more than $1.5
trillion daily, dealing in currencies. Unlike other financial markets,
the Forex market has no physical location, no central exchange. It
operates through an electronic network of banks, corporations and
individuals trading one currency for another.
What is a myth: A myth is often thought to be a lesson in
story form which has deep explanatory or symbolic ... Continue reading ...
What Is Rollover Interest In The Forex Market?
Posted by Haris Mala on Wednesday, November 18, 2009,
In the spot forex market, all trades must be settled in two
business days. A rollover refers to the process of closing open
position for today's value date and the opening of the same position
for the next day's value date at a price reflecting the difference in
interest rates between the two currencies.
In accordance with international banking practices, Forex
brokers automatically rolls over all open positions to the next date at
5 PM EST for settlement.
Rollover involves exchanging the ... Continue reading ...
Online Forex Trading
Posted by Haris Mala on Wednesday, November 11, 2009,
Do you know what Forex trading is? Some people have heard of this
type of trading, others have not. If you haven't, it might be something
you are interested in trying. Forex trading stands for foreign exchange
trading. What it consists of is the buying and selling of different
currencies. This is done simultaneously, and there are people who make
a lot of money with this kind of trading. This is apparent by the 1.9
million dollar turnover in this market that happens every day. Also a
lot of ... Continue reading ...
Futures Versus Forex (Foreign Exchange Market)
Posted by Haris Mala on Wednesday, November 11, 2009,
Todays current futures market is quite unlike the futures of the
19th century. Todays future market is a worldwide one that includes
manufactured goods, financial currencies and treasury bonds, and
agricultural products. When you speculate on futures it is not the actual good that
is speculated upon rather it is the contract for the goods that is
traded as value. Every futures contract includes a buyer and a seller.
The following is an example of a futures speculation: A farmer agrees
to de... Continue reading ...
FOREX: What Is It And How Does It Work?
Posted by Haris Mala on Wednesday, November 11, 2009,
The Foreign Exchange market, also referred to as the "Forex" is the
biggest and largest financial market in the world. It has a daily
average turnover of US$1.9 trillion- just imagine that amount of money!
Don't you want to join this trillion-dollar industry? Forex is the simultaneous buying of one currency and selling
of another. Currencies are traded in pairs, for example Euro/US Dollar
(EUR/USD) or US Dollar/Japanese Yen (USD/JPY). So basically, Forex is
trading. There are two reasons t... Continue reading ...
Interested in FOREX Trading?
Posted by Haris Mala on Wednesday, November 11, 2009,
The Foreign Exchange Market (Forex) has no central exchange
location yet it is the largest financial market in the world. It is
over 3x's the size of the stock and futures markets combined and
operates via an electronic network of a banks, corporations and
investors. Foreign exchange consists of a simultaneous buying of one
currency and selling of another. Currency is traded in pairs, in other
words, one currency is traded for another. The major currencies are:
USD — United States Dollar... Continue reading ...
Forex Trading — Understanding Commissions, Spreads and Trading Costs
Posted by Haris Mala on Sunday, November 8, 2009,
The forex market is quickly becoming one of the most popular markets for trading.
Not only are the experienced traders looking to this market to
maximize their trading returns, but many new, individual investors are
now able to trade the Forex market — just as they do stocks and
futures. More and more individuals are seeing Forex not only as a new
way to diversify their portfolio, but are also finding that it is
becoming the most profitable component of their investments. And that's b... Continue reading ...
Forex: Benefits of Trading the Forex Market
Posted by Haris Mala on Sunday, November 8, 2009,
Trading the Forex market has become very popular in the last years.
Why is it that traders around the world see the Forex market as an
investment opportunity? We will try to answer this question in this
article. Also we will discuss come differences between the Forex
market, the stocks market and the futures market. Some of the benefits of trading the Forex market are:
Superior liquidity.
Liquidity is what really makes the Forex market different from
other markets. The Forex market is... Continue reading ...
Learn Currency Trade — Intro to The FOREX Market
Posted by Haris Mala on Saturday, November 7, 2009,
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The Foreign Exchange Market — better known as Forex — is a world wide market for buying and selling currencies.
It handles a huge volume of transactions 24 hours a day, 5 days
a week. Daily exchanges are worth approximately $1.5 trillion (US
dollars). In comparison, the United States Treasury Bond market
averages $300 billion a day and American stock markets exchange about
$100 billion a day. The Foreign Exchange Market was established in 1971 with the
abolishment of fixed currency ... | Continue reading ...
Forex Trade: Main Drawbacks of a Forex Trader
Posted by Haris Mala on Saturday, November 7, 2009,
Why is it that very few traders succeed in the Forex trading
environment while the grand majority of traders fail to achieve
success? Although there is no hard answer to this question, there are a
few things that will put you one step ahead and will definitely put the
odds in your favor. The main purpose of this article is to guide you through some
important aspects of Forex trading. But in a different way, instead of
telling you what to do or the best way to do it, it will tell you what
to... Continue reading ...
What Is Forex Trading?
Posted by Haris Mala on Saturday, November 7, 2009,
Forex trading is nothing more than direct access trading of
different types of foreign currencies. In the past, foreign exchange
trading was mostly limited to large banks and institutional traders.
However recent technological advancements have made it so that small
traders can also take advantage of the many benefits of forex trading
just by using the various online trading platforms to trade. The currencies of the world are on a floating exchange rate,
and they are always traded in pairs.... Continue reading ...
Money Management Principles
Posted by Haris Mala on Thursday, November 5, 2009,
Trade With Sufficient CaptialOne of the worst blunders that forex traders can make is attempting to trade without sufficient capital. The
trader with limited capital not only will be a worried trader, always
looking to minimize losses beyond the point of realistic trading, but
he will also frequently be taken out of the trading game before he can
realize any sense of success trading the method(s) or patterns. Exercise DisciplineDiscipline
is probably one of the most overused words in forex trad... Continue reading ...
Growing Popularity of Forex Trading
Posted by Haris Mala on Wednesday, November 4, 2009,
Today it is very hard to ignore the fact that forex market is the
world's biggest financial market. Over the past few years, it has
become the most popular market with trades amounting to more than USD 3
trillion every day. Generally referred as currency trading market, it
always involves the combination of two currencies. For example- either
you can buy Euro or sell US dollars, or you can buy and sale any other
combination of globally accepted currencies. In recent times, fx
trading has gaine... Continue reading ...
USING TOO MUCH LEVERAGE. A COMMON MISTAKE BY FOREX TRADERS
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex trading is among the most lucrative industries that independent
individuals can participate in. Beginners, though, are susceptible to
making mistakes that may result in the depletion or total loss of their
investment. One of the strong suits of currency trading is that
it allows traders to use leverage or to trade on margin. This means
that they can buy or sell currencies despite a small account balance.
Novice traders at times take advantage of this opportunity and decide
to use too muc... Continue reading ...
A Few Forex Tips To Help You Achieve Success
Posted by Haris Mala on Wednesday, November 4, 2009,
You can earn a lot of money through Forex and it in fact only requires
that you learn from some tips that will show you how to maximize your
profits from dealing in foreign currencies. The simplest Forex tip is
to use weekly charts to boost your profitability. This means that you
have to take the trouble of checking the weekly charts so as to be able
to gain a proper perspective of the currency market. Such
weekly charts are ideal for learning and finding out more about the
major trends that ... Continue reading ...
The 6 Advantages Forex Trading Has Over Other Investments
Posted by Haris Mala on Wednesday, November 4, 2009,
The 6 Advantages Forex Trading Has Over Other Investments
There are many different advantages to trading forex instead of futures or stocks, such as:
1. Lower Margin
Just like futures and stock speculation, a forex trader has the
ability to control a large amount of the currency basically by putting
up a small amount of margin. However, the margin requirements that are
needed for trading futures are usually around 5% of the full value of
the holding, or 50% of the total value of the s... Continue reading ...
Trading Forex To Advance Your Financial Position
Posted by Haris Mala on Wednesday, November 4, 2009,
Trading Forex To Advance Your Financial Position
Everyday, currencies are traded in an international foreign
exchange market, otherwise known as the forex market, with the main
marketplaces (otherwise known as bourses) existing in the world's
financial centes New York, London, Tokyo, Frankfurt and Zurich.
Historically, the only way to participate was from the trading floor of
one of these bourses, but today, people can trade forex from anywhere
through a secure internet connection and a PC.... Continue reading ...
The Benefits of Trading The Forex Market
Posted by Haris Mala on Wednesday, November 4, 2009,
The Benefits of Trading The Forex Market
Historically, the FX market was available most to major banks,
multinational corporations and other participants who traded in large
transaction sizes and volumes. Small-scale traders including
individuals like you and I, had little access to this market for such a
long time. Now with the advent of the Internet and technology, FX
trading is becoming an increasingly popular investment alternative for
the general public. The benefits of trading the cu... Continue reading ...
Introduction To Forex Trading
Posted by Haris Mala on Wednesday, November 4, 2009,
Introduction To Forex Trading
There are many markets: markets for stocks, futures, options and
currencies. These are probably the most accessible markets for everyday
traders like you and I. People easily understand the basics of trading
shares, so I will occasionally use examples from that market. I began trading shares first and then I moved on to trading
currencies; therefore, most of the examples I will be using in this
book are derived from trading currencies. If you do not know a lo... Continue reading ...
Forex Enterprise — A Full Review
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex Enterprise — A Full Review
A new marketing course to hit the internet by Nick Marks that
advertises earnings of $1000 a day and $30,000 a month respectively.
This turnkey system generating multiple streams of income is relatively
new and so it is my pleasure to review it for you. After purchasing you are given a login page where you are
introduced to the system which is in website format. Everything is easy
to access and well organized. After Nick gives you a little pep talk about... Continue reading ...
Forex Trading
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex Trading
So what is is Forex trading you may ask? Forex is the exchange you
can buy and sell currencies. For example, you might buy British pounds
(by exchanging them to the dollars you had), then, after pounds /
dollar ratio goes up, you sell pounds and buy dollars again. At the end
of this operation you are going to have more dollars, then you had at
the beginning. The Forex market has much higher liquidity, then the stock
market, as much more money is being exchanged. Forex is spre... Continue reading ...
Forex Avenue: The Road to Riches
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex Avenue: The Road to Riches
In my continuing quest to provide visitors of my site with a large
amount of options to chose from when considering working from home I
have done some research on Forex trading. I first learned of Forex
trading while pursuing my MBA program. For those of you who have never
heard of this, Forex trading is the exchange of foreign currency. I know I would have never even know this was an option for
making money had I not found out in class. Most of the really ... Continue reading ...
Why Trade the FOREX?
Posted by Haris Mala on Wednesday, November 4, 2009,
Why Trade the FOREX?
My purpose for writing this article is to demonstrate to you the
advantages of trading on the Forex market. However, there is one myth
that I want to dispel before I go further. The myth is that there is a
difference between trading and investing. To dispel that myth I quote
from Al Thomas, President of Williamsburg Investment Company, who wrote
"If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a
trader, only the time period is different." It is a le... Continue reading ...
Explosive Profits: 7 Reasons to Trade Forex
Posted by Haris Mala on Wednesday, November 4, 2009,
Explosive Profits: 7 Reasons to Trade Forex
There are many money-making opportunities out there and we've been
involved with quite a few, namely property marketing, web development,
residential construction security, multi-level marketing businesses
etc. We've come to a few conclusions with the help of some well-known properity coaches.
Often people with the income they desire don't have the time to
enjoy it. Those that have time don't often have money. You don't have
to sacrifice your ... Continue reading ...
Forex The Future Investment
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex The Future Investment
There are many many advantages over the various other ways of
investing. First of all it is a 24 hr market, except for weekends of
course. You have the US market then the european and then the Asian.
One of the great times to trade is during the over lapping periods. The
USA and european overlap between 5am & 9am eastern and the Euro
& Asian between 11pm & 1am eastern. Usually the busiest time
and best to trade. The is also the risk factor for the accounts. With... Continue reading ...
Investing in Forex
Posted by Haris Mala on Wednesday, November 4, 2009,
Investing in Forex
Investing in foreign currencies is a relatively new avenue of
investing. There are considerably fewer people are aware of this market
than there are people aware of several other avenues of investing.
Trading foreign currency, also known as forex, is the most lucrative
investment market that exists. There are several factors that make this
true among which, successful forex traders earn realistic profits of
one hundred plus percent each month. Compared to some of the bett... Continue reading ...
Advantages of the Forex Market
Posted by Haris Mala on Wednesday, November 4, 2009,
Advantages of the Forex Market
What are the advantages of the Forex Market over other types of investments?
When thinking about various investments, there is one
investment vehicle that comes to mind. The Forex or Foreign Currency
Market has many advantages over other types of investments. The Forex
market is open 24 hrs a day, unlike the regular stock markets. Most
investments require a substantial amount of capital before you can take
advantage of an investment opportunity. To trade Fo... Continue reading ...
TradeForex
Posted by Haris Mala on Wednesday, November 4, 2009,
Advantages of the Forex Market
Posted by Haris Mala on Wednesday, November 4, 2009,
What are the advantages of the Forex Market over other types of investments?
When thinking about various investments, there is one
investment vehicle that comes to mind. The Forex or Foreign Currency
Market has many advantages over other types of investments. The Forex
market is open 24 hrs a day, unlike the regular stock markets. Most
investments require a substantial amount of capital before you can take
advantage of an investment opportunity. To trade Forex, you only need a
small amoun... Continue reading ...
Investment - How To Start Investing
Posted by Haris Mala on Wednesday, November 4, 2009,
When you're first getting into investing there are literally tens of
thousand of investments to choose from. You can invest in stocks,
bonds, mutual funds or some other type of investment. For the
newbie investor just knowing the name of the investment or company
you're putting your money in is just the beginning. There are often a
lot of minor but important details that you must learn about before you
decide to invest. If you had the time and know how you could analyze
financial statments, s... Continue reading ...
Learn How To Make Money On The Forex Market
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex trading is trading the currency of a country for the currency of
a different country at their current exchange rate. Futures trading,
which is based on a currency's future value is different all together
but many people get the two confused. You may also see Forex referred
to as FORX, FourX, or even 4X when you perform a search on the
internet. All Forex trading is conducted through brokers or market
makers so it is important to do your research before funding a margin
account which is ... Continue reading ...
Dollar Up on Banking Sector Problems
Posted by Haris Mala on Wednesday, November 4, 2009,
The dollar
touched the highest level in a month versus the euro after speculations
suggesting that banks throughout the world are still facing severe
difficulties tor reestablish their financial situation fueled a rally
for safety this Tuesday in trading markets.
After speculations suggested that the Federal Reserve
is discussing future steps regarding interest rates in the United
States which remain at a record low level, markets tumbled and demand
for safety emerged in trading mark... Continue reading ...
What is Rate of Change (ROC) and How To Compute It?
Posted by Haris Mala on Wednesday, November 4, 2009,
Forex article Rate
of Change or ROC is a technical indicator that measures the changes
between the percentage compared to the most recent price and the price
"n" periods in the past. It is also said that it monitors the momentum
of the market. It estimates the market’s rate of change comparative to
the previous trading intervals. In the highest level, the indicator
might say a market is quite overbought. Valleys or troughs also points
out an oversold market situation.
It
can also sta... Continue reading ...
Forex Scam
Posted by Haris Mala on Wednesday, November 4, 2009,
Not beating the market The foreign exchange market is a zero sum game
in which there are many experienced well-capitalized professional
traders (e.g. working for banks) who can devote their attention full
time to trading. An inexperienced retail trader will have a significant
information disadvantage compared to these traders. Although it is possible for a few experts to successfully arbitrage
the market for an unusually large return, this does not mean that a
larger number could earn the... Continue reading ...
Forex Order Types
Posted by Haris Mala on Wednesday, November 4, 2009,
Margin Order Types The
basic landscape in Forex trading involves a number of order types that
facilitate efficient transactions. Below, we have defined several of
the most common terms.
1. Limit A limit order is
commonly used to enter or exit markets at a specified price or better
than the market price. In addition, a limit order allows the trader to
manage the length of time that the order is current or outstanding
before it is canceled.
2. Stop if Bid A Stop if
Bid order is used to buy or s... Continue reading ...
Scams to be wary of
Posted by Haris Mala on Wednesday, November 4, 2009,
 A
FOREX scam is one that involves trading but will turn out to be a
fraud; you have no chance of getting your money back once you have
invested it. If you were to invest money with a company stating they
are involved in FOREX trading you want read closely to learn if they
are permitted to do business in your country. Many companies are not
permitted in the FOREX market, as they have defrauded investors before.
In the last five years, with the help of the Internet, FOREX trading
and the awaren... Continue reading ...
successful trader
Posted by Haris Mala on Tuesday, November 3, 2009,
Benefits of Using a Forex Signals Provider
Posted by Haris Mala on Tuesday, November 3, 2009,
The Forex market can be intimidating and confusing if you are a
beginner. Experts and gurus have spent years acquiring experience and
knowledge by making expensive mistakes. If you are venturing into forex
for the first time, it's almost a guarantee that you will lose money.
You may lack the knowledge and skills to make profitable trades. To
overcome the challenges ahead, have two options. The first option is to
learn everything on your own. However, as mentioned earlier, be
prepared to lose m... Continue reading ...
Are Traditional Banks Better Than Internet Banking?
Posted by Haris Mala on Tuesday, November 3, 2009,
With the ubiquitous internet as it is today, you have the convenience
of doing a variety of banking transactions online from the comfort of
your home, in your office or while traveling. This extraordinary
technological creation has so made life easier for a lot of people
including professionals, the business community, housewives and
scholars even for banking purposes. Notwithstanding, this new
communication phenomenon people have not stopped patronizing the usual
off line banks . The orthodo... Continue reading ...
Forex Indicators For Better Trading Accuracy
Posted by Haris Mala on Tuesday, November 3, 2009,
For some traders, they prefer to use the forex indicators to make some
trading decisions. They spend hours in front of the computers to
observe the movements of the indicators to make sure that they have
already made the perfect decision. For them, they accuracy on examining
the indicators is the life of their trading sessions. Once they made
mistake, it would be a bit hard to recover. Some traders are
using the forex indicators to see the forex signal. The signal gives
them some hints to make... Continue reading ...
Forex Money Management - The Foundation For Huge Gains and Forex Trading Success
Posted by Haris Mala on Tuesday, November 3, 2009,
Most traders use solid Forex trading systems but they fail to poor
money management and really poor money management is the reason most
traders lose lets take a look at in more detail... If you
watch any good football team it will have a strong defence it keeps the
team in the game, until the offence gets an opportunity. If a team
falls to far behind it doesn't matter how good the attack is, the team
will lose and it's the same in Forex trading you need to defend what
you have and keep your l... Continue reading ...
Fundamental Weekly Outlook
Posted by Haris Mala on Tuesday, November 3, 2009,
EU: • Monday: France
PMI Manufacturing (Previous 55.3, Expected 55.3), Germany PMI
Manufacturing (Previous 51.1, Expected 51.1), Euro-zone PMI
Manufacturing (Previous 50.7, Expected 50.7).
• Wednesday: France PMI Services (Previous 57.8, Expected 57.8),
Germany PMI Services (Previous 50.9, Expected 50.9), Euro-zone PMI
Services (Previous 52.3, Expected 52.3). Euro-Zone PPI MoM (Previous
0.4%, Expected -0.4%) & YoY (Previous -7.5%, Expected -7.7%). • Thursday: Euro-Zone Retail Sales... | Continue reading ...
Earnings: Is That REALLY What’s Driving The DJIA Higher? The idea of earnings driving the broad stock market is a myth.
Posted by Haris Mala on Tuesday, November 3, 2009,
It’s corporate earnings season again, and everywhere you turn,
analysts talk about the influence of earnings on the broad stock market:
- US Stocks Surge On Data, 3Q Earnings From JPMorgan, Intel (Wall Street Journal)
- Stocks Open Down on J&J Earnings (Washington Post)
- European Stocks Surge; US Earnings Lift Mood (Wall Street Journal)
With so much emphasis on earnings, this may come as a shock: The idea of earnings driving the broad stock market is a myth.
When making a statement like that, you... Continue reading ...
Daily Forex Analysis – November 3, 2009
Posted by Haris Mala on Tuesday, November 3, 2009,
USDCHF Analysis. USDCHF
formed a trading range between 1.0148 and 1.0285. Pullback to 1.0100 to
reach next short term cycle bottom on 4-hour chart could be seen in a
couple of days. However, the price action from 1.0285 is more likely
consolidation of uptrend from 1.0032, as long as 1.0032 support holds,
we’d expect uptrend to resume and another rise towards 1.0400 is
possible.
USDCAD Analysis. USDCAD stays in a rising
price channel and remains in uptrend from 1.0206,... Continue reading ...
Forexpros.com Daily Analysis - 03/11/2009
Posted by Haris Mala on Tuesday, November 3, 2009,
|
Daily Forex Reports |
Written by forexpros.com |
Tuesday, 03 November 2009 11:47 GMT
|
Forexpros Daily Analysis Nov 3, 2009 --- The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tomorrow (Nov 4).
The decision on where to set interest rates depends mostly on growth
outlook and inflation. The primary objective of the central bank is to
achieve price stability. High interest rates attract fo... | Continue reading ...
EUR/USD 1.4779 - 3 November 2009
Posted by Haris Mala on Tuesday, November 3, 2009,
|
Daily Forex Reports |
Written by iFOREX.bg |
Tuesday, 03 November 2009 07:21 GMT
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EUR/USD Open 1.4772 High 1.4840 Low 1.4682 Close 1.4770
After the ascending correction of the Euro/Dollar at the end of last
week, the currency couple dropped first on Monday, as expected,
reaching a bottom at 1.4682, than climbed up to the 1.4840 top, closing
the day at 1.4770. On the 3 hour chart chart the Euro is in a critical
phase, where quote... | Continue reading ...
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