Home » Posts tagged "forex market news"

Profit from Currency Strength & Weakness

As forex traders our sole goal is to profit from a currency’s strength or weakness. ¬†In other words, we look to buy when a currency is oversold and sell when a currency is overbought. ¬†Unfortunately, one of the difficulties many new forex traders have is...

Continue reading »

Forex Analysis 4th May 2012 – AussieDollar

Despite a lack of meaningful fundamental news and a holiday in the UK, forex markets have provided some positive trades today in particular in the Australian and Canadian dollars which have both strengthened against the US dollar. ¬† The moves in these “commodity dollars” has...

Continue reading »

Chinese GDP worries forex markets

The fundamental news overnight was all about China, as equity markets stumbled yesterday in Europe and the US ahead of the data, with the FTSE 100 in London ending the trading session with a bearish engulfing candle signalling a potential move lower today. The data...

Continue reading »

Bullish momentum for Cable continues

Last week’s bullish momentum for the UK pound has spilled over into the London trading session this morning, and despite the US markets being closed in observance of Martin Luther King Jr Day, the pair have broken through the psychological 1.5900 level to trade at...

Continue reading »

Outlook for the EUR/USD this week

The tricky trading conditions of last year, seem to have continued into 2011, with last week’s volatile price action with the euro summing up the current trading picture, with currencies swinging from bearish to bullish within a few days. Nothing new there you might say,...

Continue reading »

BOE and ECB rate decisions today

With yesterday’s Portuguese bond auction now safely negotiated, and the collective markets having breathed a sigh of relief with the euro gaining solidly as a result, attention today will be focused on the UK and Europe, as they issue their monthly rate decisions, along with...

Continue reading »