Trading forex has become incredibly popular during the past few years and can be incredibly lucrative. Forex traders have access to incredible amounts of leverage which can mean incredible profits and, unfortunately, losses. Successful forex traders share several characteristics in common including discipline, long term focus and extensive preparation and education. Forex trading is also [...]
Dollar Falls Against 15 of !6 Major Currencies The US dollar experienced a slight dip after three straight days of gains as investors and currency traders sought out higher yielding assets putting downward pressure on the dollar. The dollar fell against 15 of the 16 major currencies as Asian stock markets rose due to a report [...]
Dollar vs. Yen at Two Week High The US dollar rose on Monday hitting a near two week high against the Japanese yen. The dollar rose slightly more than 1.0% against the yen and trade was muted in Asia as many major cities closed for holidays. In midday trading in New York the dollar vs. yen [...]
09 October 2009
Trading forex has become incredibly popular during the past few years and can be incredibly lucrative. Forex traders have access to incredible amounts of leverage which can mean incredible profits and, unfortunately, losses. Successful forex traders share several characteristics in common including discipline, long term focus and extensive preparation and education. Forex trading is also [...]
23 September 2009
Dollar Falls Against 15 of !6 Major Currencies The US dollar experienced a slight dip after three straight days of gains as investors and currency traders sought out higher yielding assets putting downward pressure on the dollar. The dollar fell against 15 of the 16 major currencies as Asian stock markets rose due to a report [...]
21 September 2009
Dollar vs. Yen at Two Week High The US dollar rose on Monday hitting a near two week high against the Japanese yen. The dollar rose slightly more than 1.0% against the yen and trade was muted in Asia as many major cities closed for holidays. In midday trading in New York the dollar vs. yen [...]
16 September 2009
Dollar Hits One Year Low The US dollar fell to its weakest level in almost a year against the euro. Rising stocks and increased US industrial production are seen as signs of recovery causing forex traders to sell the dollar in favor of higher yielding currencies. The Kiwi dollar posted the biggest gains vs. the US [...]
13 August 2009
Greenspan Says LIBOR OIS Rates ‘Normal’ The Libor-OIS spread fell to a level that former Fed Chairman Alan Greenspan called ‘normal, indicating a thaw in credit markets. The Libor-OIS spread which is a gauge of banks reluctance to lend fell to 25 basis points, the least since January 2008. The Libor-OIS spread also affects interbank forex [...]
11 August 2009
European Stocks Fall, Dollar Holds Gains High yielding currencies such as the Aussie and New Zealand dollars fell on Tuesday after European stocks and oil prices fell. The US dollar held onto gains made last week after US employment figures and manufacturing showed signs the recession is easing in the world’s largest economy. Forex traders and [...]
