Forex http://forex.net46.net currency forex online trading,currency trading,foreign currency trading,foreign exchange trading,forex account,forex course,forex demo,forex exchange,forex trader,forex trading,fx trading,global forex,online currency trading,online stock trading,stock trading,trade forex,trading currencies Thu, 08 Jan 2009 16:47:05 +0000 http://wordpress.org/?v=2.5.1 en http://forex.net46.net http://forex.net46.net/wp-content/plugins/maxblogpress-favicon/icons/favicon-48.ico Forex Canadian Dollar Gains in Currency Trading http://forex.net46.net/2009/canadian-dollar-gains-in-currency-trading.html http://forex.net46.net/2009/canadian-dollar-gains-in-currency-trading.html#comments Thu, 08 Jan 2009 16:47:05 +0000 ayip http://forex.gftforex.com/public/item/223126 The Canadian dollar is making a surprising gain against the U.S. dollar in currency trading on the FX market this morning. Even with oil prices falling again today, the loonie is on the rise in forex trading.

This is an odd train of events because the Canadian dollar relies heavily on oil prices. For the loonie to be rising while oil is dropping is a strange product of today's economic climate.

For the most part, though, the loonie's success in forex trading is more a testament to current U.S. dollar weakness than anything. Economic news keeps getting bad for the U.S., and that is bring the greenback down.

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]]> The Canadian dollar is making a surprising gain against the U.S. dollar in currency trading on the FX market this morning. Even with oil prices falling again today, the loonie is on the rise in forex trading.

This is an odd train of events because the Canadian dollar relies heavily on oil prices. For the loonie to be rising while oil is dropping is a strange product of today's economic climate.

For the most part, though, the loonie's success in forex trading is more a testament to current U.S. dollar weakness than anything. Economic news keeps getting bad for the U.S., and that is bring the greenback down.

See Also

]]> http://forex.net46.net/2009/canadian-dollar-gains-in-currency-trading.html/feed Asian Currencies Affected in Forex Trading By U.S. Problems http://forex.net46.net/2009/asian-currencies-affected-in-forex-trading-by-us-problems.html http://forex.net46.net/2009/asian-currencies-affected-in-forex-trading-by-us-problems.html#comments Thu, 08 Jan 2009 16:40:51 +0000 ayip http://forex.gftforex.com/public/item/223125 The South Korean won is leading Asian currencies lower in forex trading as U.S. economic data points to fewer exports. Risk aversion is also playing a roll in the issues with Asian currencies.

The slowing U.S. economy, with job loss and consumer spending down, Asian currencies are suffering as the exports they rely on decline. Bloomberg reports on Asian currencies in forex trading:

“Risk aversion is picking up again,” said Nizam Idris, a currency strategist in Singapore at UBS AG, the world’s second- largest currency trader. “The market is concerned about the economy again. Under this sort of environment, Asian currencies will weaken.”

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]]> The South Korean won is leading Asian currencies lower in forex trading as U.S. economic data points to fewer exports. Risk aversion is also playing a roll in the issues with Asian currencies.

The slowing U.S. economy, with job loss and consumer spending down, Asian currencies are suffering as the exports they rely on decline. Bloomberg reports on Asian currencies in forex trading:

“Risk aversion is picking up again,” said Nizam Idris, a currency strategist in Singapore at UBS AG, the world’s second- largest currency trader. “The market is concerned about the economy again. Under this sort of environment, Asian currencies will weaken.”

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]]> http://forex.net46.net/2009/asian-currencies-affected-in-forex-trading-by-us-problems.html/feed Euro Gains in Forex Trading Against U.S. Dollar http://forex.net46.net/2009/euro-gains-in-forex-trading-against-us-dollar.html http://forex.net46.net/2009/euro-gains-in-forex-trading-against-us-dollar.html#comments Thu, 08 Jan 2009 16:30:27 +0000 ayip http://forex.gftforex.com/public/item/223124 The euro is heading higher again today in forex trading against the U.S. dollar. Even though the 15-nation currency is faltering against the U.K. pound, it continues its solid movement upward with regard to the greenback in FX trading.

Confidence in the U.S. economy has not been bolstered by president-elect Barack Obama's warning concerning the likelihood of a recession that continues for years. Even with the expectation of an economic stimulus package, Obama has been warning that the recession won't end as quickly as some would like.

Even though euro zone economic data is bad as well, the main burdens of the global economy seem to remain mainly on the U.S.

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]]> The euro is heading higher again today in forex trading against the U.S. dollar. Even though the 15-nation currency is faltering against the U.K. pound, it continues its solid movement upward with regard to the greenback in FX trading.

Confidence in the U.S. economy has not been bolstered by president-elect Barack Obama's warning concerning the likelihood of a recession that continues for years. Even with the expectation of an economic stimulus package, Obama has been warning that the recession won't end as quickly as some would like.

Even though euro zone economic data is bad as well, the main burdens of the global economy seem to remain mainly on the U.S.

See Also

]]> http://forex.net46.net/2009/euro-gains-in-forex-trading-against-us-dollar.html/feed Bank of England Cuts Interest Rates http://forex.net46.net/2009/bank-of-england-cuts-interest-rates.html http://forex.net46.net/2009/bank-of-england-cuts-interest-rates.html#comments Thu, 08 Jan 2009 16:19:27 +0000 ayip http://forex.gftforex.com/public/item/223123 Today, the Bank of England, in a move that was totally expected, cut interest rates to 1.5%. This is the lowest that the rate has been in the history of the Bank of England. And that's pretty good, because the Bank of England has been around for 314 years. Since before the U.S. was even a country.

Today's move has benefited the sterling in currency trading. The British currency is higher against both the U.S. dollar and the euro in forex trading, although it is struggling against some of the other majors (JPY and CHF).

The interest rate cut is supposed to help boost the British economy, but we will see whether it can overcome the persistent global recession.

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]]> Today, the Bank of England, in a move that was totally expected, cut interest rates to 1.5%. This is the lowest that the rate has been in the history of the Bank of England. And that's pretty good, because the Bank of England has been around for 314 years. Since before the U.S. was even a country.

Today's move has benefited the sterling in currency trading. The British currency is higher against both the U.S. dollar and the euro in forex trading, although it is struggling against some of the other majors (JPY and CHF).

The interest rate cut is supposed to help boost the British economy, but we will see whether it can overcome the persistent global recession.

See Also

]]> http://forex.net46.net/2009/bank-of-england-cuts-interest-rates.html/feed Canadian Dollar Drops in Forex Trading http://forex.net46.net/2009/canadian-dollar-drops-in-forex-trading.html http://forex.net46.net/2009/canadian-dollar-drops-in-forex-trading.html#comments Wed, 07 Jan 2009 15:56:51 +0000 ayip http://forex.gftforex.com/public/item/223044 The Canadian dollar is down for the first time in four days in forex trading on the currency market. The main reason that the loonie is falling in currency trading is to do with the fact that oil prices are also lower.

The Canadian economy relies heavily on oil prices (the U.S. actually gets most of its oil from Canada). However, with the report that U.S. oil reserves are growing, oil prices are sliding again.

Global recession is weakening demand for oil around the world, and that means that the price is likely to remain relatively low until the global economy picks up.

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]]> The Canadian dollar is down for the first time in four days in forex trading on the currency market. The main reason that the loonie is falling in currency trading is to do with the fact that oil prices are also lower.

The Canadian economy relies heavily on oil prices (the U.S. actually gets most of its oil from Canada). However, with the report that U.S. oil reserves are growing, oil prices are sliding again.

Global recession is weakening demand for oil around the world, and that means that the price is likely to remain relatively low until the global economy picks up.

See Also

]]> http://forex.net46.net/2009/canadian-dollar-drops-in-forex-trading.html/feed $1.2 Trillion U.S. Deficit Expected for FY 2009 http://forex.net46.net/2009/12-trillion-us-deficit-expected-for-fy-2009.html http://forex.net46.net/2009/12-trillion-us-deficit-expected-for-fy-2009.html#comments Wed, 07 Jan 2009 15:49:36 +0000 ayip http://forex.gftforex.com/public/item/223043 As the U.S. dollar retreats against the euro in forex trading, the news about the economy takes the forefront. Right now, there are estimates that a massive $1.2 trillion deficit is expected for fiscal year 2009.

Part of that figure includes the deficits that would result from the economic stimulus package that President-elect Barack Obama hopes to enact rather soon after he takes office.

There is speculation that such a deficit would undermine the U.S. economy further, damaging the fundamentals that support the U.S. dollar in forex trading.

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]]> As the U.S. dollar retreats against the euro in forex trading, the news about the economy takes the forefront. Right now, there are estimates that a massive $1.2 trillion deficit is expected for fiscal year 2009.

Part of that figure includes the deficits that would result from the economic stimulus package that President-elect Barack Obama hopes to enact rather soon after he takes office.

There is speculation that such a deficit would undermine the U.S. economy further, damaging the fundamentals that support the U.S. dollar in forex trading.

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]]> http://forex.net46.net/2009/12-trillion-us-deficit-expected-for-fy-2009.html/feed Is The U.S. Dollar Rally Over in Forex Trading? http://forex.net46.net/2009/is-the-us-dollar-rally-over-in-forex-trading.html http://forex.net46.net/2009/is-the-us-dollar-rally-over-in-forex-trading.html#comments Wed, 07 Jan 2009 15:35:54 +0000 ayip http://forex.gftforex.com/public/item/223042 The U.S. dollar rally that has been going fairly strong for the last couple of months is showing some signs of trouble. The greenback is falling in currency trading as news emerges about how confident the Fed is in the economy.

Indeed, with the latest FOMC meeting minutes released, it is clear that the Federal Reserve sees further contraction ahead. (Enter additional speculation regarding a 0% Fed rate.) At any rate, on the news regarding the economy, the U.S. dollar is pulling back against the euro in forex trading -- and against some of the other majors as well.

Other economic data that is weighing on the U.S. dollar includes:
  • Increased jobs cuts.
  • Consumer confidence.
  • Housing market.
Many analysts and experts are wondering if recovery from the recession may take longer than many originally expected -- even with help from an economic stimulus plan recently unveiled by Barack Obama.

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]]> The U.S. dollar rally that has been going fairly strong for the last couple of months is showing some signs of trouble. The greenback is falling in currency trading as news emerges about how confident the Fed is in the economy.

Indeed, with the latest FOMC meeting minutes released, it is clear that the Federal Reserve sees further contraction ahead. (Enter additional speculation regarding a 0% Fed rate.) At any rate, on the news regarding the economy, the U.S. dollar is pulling back against the euro in forex trading -- and against some of the other majors as well.

Other economic data that is weighing on the U.S. dollar includes:
  • Increased jobs cuts.
  • Consumer confidence.
  • Housing market.
Many analysts and experts are wondering if recovery from the recession may take longer than many originally expected -- even with help from an economic stimulus plan recently unveiled by Barack Obama.

See Also

]]> http://forex.net46.net/2009/is-the-us-dollar-rally-over-in-forex-trading.html/feed Technical Analysis: Looking for Trends in Currency Trading http://forex.net46.net/2009/technical-analysis-looking-for-trends-in-currency-trading.html http://forex.net46.net/2009/technical-analysis-looking-for-trends-in-currency-trading.html#comments Wed, 07 Jan 2009 13:14:22 +0000 ayip http://forex.gftforex.com/public/item/223035 One of the keys to technical analysis when you are working out a currency trading strategy is looking for trends. Indeed, the whole point of technical analysis is to help you use current and past performance to find forex trading trends and get an idea of how a currency pair is likely to perform overall.

When you use technical analysis, it is possible to gauge the main direction of a currency pair, and then enter a position that allows you to take advantage of the fact that it is already moving in a certain direction.

While technical analysis can be useful, however, it is important to remember a these points of caution when using trends to determine currency trading positions:
  1. Past (and present) performance is not an indicator of future results. The FX market is volatile, and the direction could change, no matter what the technical analysis and the trends seem to reveal. This could result in loss -- sometimes very large losses.
  2. Currency trading is risky. Because of its volatility, it is important to remember that currency trading is very risky. Indeed, forex trading is considered one of the riskier forms of trading. Rather than being a true investment, it is actually speculation.
This means that you will need to do what you can to limit your risk. This can be done with stop loss orders, and by learning about retracements in technical analysis, and how to interpret them. But, as always, nothing is ever fullproof, and you should be careful not to hazard money in forex trading that you cannot afford to lose.

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]]> One of the keys to technical analysis when you are working out a currency trading strategy is looking for trends. Indeed, the whole point of technical analysis is to help you use current and past performance to find forex trading trends and get an idea of how a currency pair is likely to perform overall.

When you use technical analysis, it is possible to gauge the main direction of a currency pair, and then enter a position that allows you to take advantage of the fact that it is already moving in a certain direction.

While technical analysis can be useful, however, it is important to remember a these points of caution when using trends to determine currency trading positions:
  1. Past (and present) performance is not an indicator of future results. The FX market is volatile, and the direction could change, no matter what the technical analysis and the trends seem to reveal. This could result in loss -- sometimes very large losses.
  2. Currency trading is risky. Because of its volatility, it is important to remember that currency trading is very risky. Indeed, forex trading is considered one of the riskier forms of trading. Rather than being a true investment, it is actually speculation.
This means that you will need to do what you can to limit your risk. This can be done with stop loss orders, and by learning about retracements in technical analysis, and how to interpret them. But, as always, nothing is ever fullproof, and you should be careful not to hazard money in forex trading that you cannot afford to lose.

See Also

]]> http://forex.net46.net/2009/technical-analysis-looking-for-trends-in-currency-trading.html/feed U.K. Pound Pursues Gains Against the Euro in Forex Trading http://forex.net46.net/2009/uk-pound-pursues-gains-against-the-euro-in-forex-trading.html http://forex.net46.net/2009/uk-pound-pursues-gains-against-the-euro-in-forex-trading.html#comments Tue, 06 Jan 2009 14:48:45 +0000 ayip http://forex.gftforex.com/public/item/222884 Recently, the U.K. pound has been taking a beating at the hands of the U.S. dollar and the euro in forex trading. However, things are changing -- at least in terms of sterling currency trading performance against the euro.

Right now, the big worry for the euro zone is deflation. As a result, euro weakness in forex trading is becoming more pronounced. It is this weakness that is prompting many to speculate that the British economy will recover before the euro zone economy.

This belief that the British economy will soon recover is spurring gains by the sterling in currency trading, and sending the euro lower.

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]]> Recently, the U.K. pound has been taking a beating at the hands of the U.S. dollar and the euro in forex trading. However, things are changing -- at least in terms of sterling currency trading performance against the euro.

Right now, the big worry for the euro zone is deflation. As a result, euro weakness in forex trading is becoming more pronounced. It is this weakness that is prompting many to speculate that the British economy will recover before the euro zone economy.

This belief that the British economy will soon recover is spurring gains by the sterling in currency trading, and sending the euro lower.

See Also

]]> http://forex.net46.net/2009/uk-pound-pursues-gains-against-the-euro-in-forex-trading.html/feed Emerging Market Currencies Continue to Struggle in FX Trading http://forex.net46.net/2009/emerging-market-currencies-continue-to-struggle-in-fx-trading.html http://forex.net46.net/2009/emerging-market-currencies-continue-to-struggle-in-fx-trading.html#comments Tue, 06 Jan 2009 14:43:33 +0000 ayip http://forex.gftforex.com/public/item/222883 Emerging market currencies are suffering in FX trading on the currency market right now. As global recession forces wealthier nations and investors to make new decisions, overseas investments in emerging markets are decreasing.

Another factor is the riskiness of emerging market currencies. In forex trading, emerging markets represent greater risk, and that means that in the current climate of risk aversion, many traders are turning to the tried-and-true currencies of developed nations.

As emerging market currencies falter in FX trading, such currencies as the U.S. dollar continue to rally, since they are seen as more stable over the long run.

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]]> Emerging market currencies are suffering in FX trading on the currency market right now. As global recession forces wealthier nations and investors to make new decisions, overseas investments in emerging markets are decreasing.

Another factor is the riskiness of emerging market currencies. In forex trading, emerging markets represent greater risk, and that means that in the current climate of risk aversion, many traders are turning to the tried-and-true currencies of developed nations.

As emerging market currencies falter in FX trading, such currencies as the U.S. dollar continue to rally, since they are seen as more stable over the long run.

See Also

]]> http://forex.net46.net/2009/emerging-market-currencies-continue-to-struggle-in-fx-trading.html/feed