Stability Helps Euro in Forex Trading

November 6 2011 by Spencer McKay in Forex Online |No Comments | Tags: Forex Trading, Trading

Stability is helping the euro in forex trading on the currency market today. Today, the euro is higher, thanks to developments that many people are hoping will help the eurozone get back on track.

Silvio Berlusconi is close to be out at Italian Prime Minister as the Senate moves closer to accepting austerity measures. A new Greek Prime Minister is being sworn in today. This is providing a somewhat hopeful atmosphere as Italian bond yields fall back from dangerously high levels.

So, for now, the euro is higher in forex trading on risk appetite and the hope for the future. However, there is still no solid plan to contain the sovereign debt crisis, so things could change quickly for the euro. 

Tables: US and EZ Economic Performance Since Last Recession

November 5 2011 by Spencer McKay in Forex Online |No Comments | Tags: Performance Last, Recession

We have FOMC and ECB meetings in the next 24 hours. Here’s some info on how economic data has fared since the last meeting.

US: Not Doing So Bad

ECB: Nothing but Weakness, Skirting Recession

Forex Market Outlook 11/4/11

November 5 2011 by Milla Schmidt in Forex Tips |No Comments

Today is “jobs Friday” as we are awaiting the Non-Farm Payrolls report which is expected to show that the economy added 100K jobs, 125K in the private sector and the unemployment rate to remain steady at 9.1%.  These are hardly attractive numbers, yet anything remotely close to these will be seen as positive by the markets. 

What might be a decent prognostication of our jobs figures is the Canadian employment report that came out earlier this morning.  Canada produced dismal numbers, showing that they lost 54K jobs when they were expected to have added 15K, and the unemployment rate moved higher to 7.3% vs. an exp

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Forex – Leaning Tower of Italy (FXA)

November 1 2011 by Aidan Creal in Forex Release |No Comments | Tags: Italy, Leaning Tower

Leaning Tower of Italy

 

While what is happening in the Euro Zone periphery is no laughing matter for those living there and most vulnerable , I can’t help but feel that the crisis is much of their own doing and the crisis response from the EU leadership and ECB remains woefully inadequate. Yet the latest drama from the Euro Zone leadership is nothing short of fodder for the Daily Show – or as one FXA CHAT room member said, the basis for a new reality TV show in the US…The Real Prime Ministers of the Euro Zone. Quotin

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Cross Currency Forex Technical Analysis

October 29 2011 by Spencer McKay in Forex Online |No Comments | Tags: Forex, Forex Technical

The major Forex pairs often move in harmony with each other as we all know. GBP/USD may be moving higher while USD/CHF moves lower. This is obviously related to the dollar as the common denominator in this particular scenario. Currency correlations can be very useful when conducting our analysis.

Do you keep track of these relationships when you trade? If you don’t then maybe you should. Why not start by looking at the dollar index. Today gave an excellent example of how cross currency analysis can be used when trading the Forex. T

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