Forex

Forex trading with the loonieThe Canadian dollar is posting another monthly decline in FX trading on the currency market as commodities continue to struggle. In forex trading, the loonie has been struggling to maintain parity with the U.S. dollar, and then fallen woefully short.

There is some hope that the current rebound in global equities will pre-sage a rebound in commodities, helping the Canadian dollar in FX trading. However, even should that happen, there is a long way to go for the loonie to catch up with the greenback again.

See Also

• Forex Trading and the Loonie
  FX trading on the currency market

Sterling gains against dollar in currency tradingThe U.K. pound forex trading forecast, for the first time in a long time, is looking somewhat positive. Even though the U.S. dollar is advancing against the euro in forex trading, it has been pulling back against the sterling.

In currency trading, the pound is showing some life, thanks to a boost in the equity markets. The U.K. pound forex trading forecast is now showing signs of a possible rally, as well as hope that economic troubles may be starting to slow.

See Also

• More on the U.K. Pound Rally in Forex Trading
  Sterling and currency trading
• Sterling and Currency Trading
  Forex trading on the currencymarket

Greenback holds out agains the euro in forex tradingThe U.S. dollar is retaining its support in currency trading on the FX market this morning, thanks to pledges by the government to continue on the bailout track. Fed policy is not having much of an impact on the greenback in forex trading, even though normally announcements such as interest rate cuts would have a negative effect on the currency.

And that is what is helping the U.S. dollar most in currency trading on the FX market.

See Also

• U.S. Dollar in Forex Trading
  Currency trading on the FX market

Euro zone stimulus announcement can’t save euroThe euro zone stimulus package does not appear to be helping much right now in terms of the euro in forex trading. The U.S. dollar continues to gains strength against the 15-nation currency in trading due to the following factors:

• Deflation
• Unemployment rate
• Recession
• German Ifo
  

As a result, the ECB is likely to cut interest rates in order to help stimulate the economy, and that probably won’t help the euro much right now in forex trading, either.

See Also

• More on the Euro Zone
  Euro in forex trading
• Currency Trading with the Euro
  Forex trading with world currencies

Holiday levity for the end of the weekHere is a fun Thanksgiving trading pattern. A little more fun for the end of the week.

See Also

• Forex Trading
  Currency trading on the FX market