Posts Tagged ‘ time ’
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
A recovery is not much of a recovery when there is no job growth and consumer spending. Friday’s labor market report is not expected to provide any encouragement for supporters of the U.S. recovery because job losses could accelerate. The improvements in the labor market have been uneven and we expect this trend [ READ MORE ]
The dollar continued to fall versus the euro this Wednesday despite positive data provided by the monthly ISM non-manufacturing report, as, once again, news involving Greece are the main factor influencing the EUR/USD currency pair’s trend, this time, on the euro’s side as Greece showed a new series of measures to tighten its budget deficit, which were received positively by traders. EUR/USD is currently at 1.3653. Nonfarm payrolls were at -20k in February [ READ MORE ]
The EUR/USD rallied in the wake of news leaks of a near 5 Billion euro austerity package to be announced by the Greek government shortly, but concerns over the prospect of financial support for the deal from Germany and France capped the upside to 1.3650 for the time being. As we reported earlier, the Greek [ READ MORE ]
With this post, I want to try to clarify the Greek fiscal crisis. The problem is that it’s not clear exactly how serious the problem is, because most of the media coverage of the crisis has been directed towards the financial markets’ perception of it, rather than its underlying fundamentals. In the end, I think [ READ MORE ]
Last week, the Fed raised the discount rate by 25 basis points, to .75%. Investors have consistently focused the brunt of their collective monetary attention on the Federal Funds Rate, and the markets (forex included) barely registered a response to the move. Regardless of whether apathy in this particular context was justified, investors who turn [ READ MORE ]
MetaTrader is a great software for charting, analyzing, trading and testing. It has many useful features and supports many tools that make the life of the Forex trader much easier. But when it comes to drawing the new candles/bars on the chart there is a tricky part of MetaTrader. Both in MT4 and MT5 the candles are drawn depending on the ticks (each tick is a moment when a new quote from the broker came) rather than [ READ MORE ]
The sharp recovery in the EUR/USD has traders across the globe confused about why the dollar gave up its gains against the euro if normalization of U.S. monetary policy should be positive for the dollar. Given that the euro was not the only currency to strengthen against the greenback, the price action in the [ READ MORE ]
Stronger economic data triggered a sharp rally in the foreign exchange market that has many traders wondering if the dramatic shift in risk appetite is here to stay. With the Dow Jones Industrial Average up more than 165 points, investors pulled their money out of the safety of U.S. dollars and put them back [ READ MORE ]
Buying and selling of different currencies of the world is known as the Forex market. Forex or foreign exchange market is the largest trading market in the world. Hundreds of market players and individual traders join foreign exchange market every day. You should keep in mind that is an investment not an income. Forex market [ READ MORE ]
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