Forex market

In the previous part, you read about a few economic parameters that impact the forex market. Some of the last few data points are: • Philadelphia Fed Index: This Business Outlook Survey is released by the Federal Reserve Bank of Philadelphia around the 17th of every month and covers business...

The EURUSD failed to hold its modest gains today as it fell from its highs of 1.4410 to its present value of 1.4375 in the last few hours of trading. Tomorrow morning, the preliminary release of the German consumer price index (CPI) is due to be announced and it is expected to have risen by 0.6%...

Recovery hopes for the US economy took a hit today after the US New home sales posted a dived to a seven month low. In addition, although the University of Michigan Confidence index recorded a rise this morning, it still failed to meet expectations and thus placed the dollar under further pressure...

Foreign exchange financial instruments are neither debt based nor equity based. They can be categorized as: Spot – A spot transaction represents a “direct exchange” between currencies of a pair. It is a transaction in which the delivery is made in two trading days, with the exception of...

The main reasons for embarking in a new business adventure are to improve your earning power and enhance your lifestyle. So, is trading Forex Market a good choice? Yes, it is because the opportunities of achieving good profits are very real. However, caution is advised as Forex is a gigantic entity...

Pressure seems set to continue on the euro on Thursday, after the currency broke below the 1.4480 level in Asia. CMC Markets currency analyst Michael Hewson now sees the euro targeting its 200-day moving average at 1.4175, as well as the 38.2% Fibonacci retracement level at 1.4120. The move towards...

Here are some tips that traders can follow to be successful in the forex market. Tip 1: Use money you can afford to lose: An investor should never get over-ambitious and must invest only in those funds that are not designated for any other purpose. Tip 2: Know Yourself: Never get emotionally...

As a priority, aspiring traders need to develop a mind-set that will allow them to trade the Forex Market successfully. They must realise that emphasis should be placed on the psychological approach to trading because it is this that will ultimately determine whether success can be achieved. The...

Unlike the stock market, the forex market does not have any physical centralized exchanges. The market consists of the interbank market, which is a network of more than a thousand banks and financial institutions trading with each other. The interbank market accounts for a majority of the trading...

The forex market has been increasingly drawing the attention of retail traders since the early 1990s. The popularity of the forex market can be judged from the fact that daily trading volumes in this market exceeded US$4 trillion in 2007, according to the Bank of International Settlements. Some of...

The EURUSD continued its fall by dropping over 100 pips today to its current value of 1.4705. The Euro is suffering after a credit downgrade for Greece has severely reduced the possibilities that the Euro-zone will raise its interest rates in the near future. Greece is not the only country in...

After the European Central Council appropriately left its interest rate unchanged at 1%, the markets reaction has been indecisive resulting in the EURUSD oscillating between 1.5065 and 1.5095 over the last few hours. Attention should now begin to center on tomorrow’s major risk events when the US...