Jul 17, 2008 / 6:51pm / in Currency, General, Money, Patterns, Forex News
For several months, one of the hottest debates in the currency world has been “1.50 or 1.60?” Those who follow the Euro-US Dollar currency pair have been debating its future for several months. Since around the end of February, the price has been locked within a range of 1.50 and 1.60. Only on three days has the price ventured outside that area during the past few months, yet each of those days, the price closed back within the range.
Jul 10, 2008 / 1:26pm / in Economics, Forex Trading, General, Money, Forex News
Take your emotions out of the picture, that’s what they say. While some investors are able to treat securities in an indifferent manner, few are able to ignore the feelings of greed or fear that come with profits and losses. For people involved in financial markets, finding ways to trade without emotion is one of the toughest and most important tasks that an investor will attempt.
Jul 9, 2008 / 4:15pm / in Economics, General, Money, Oil, Forex News
Today we have the last part in the three-part series focusing on oil. Again, we hope that you have enjoyed our debate, and look forward to possibly having more debate-style discussions in the future.
Question #5: How will the current energy situation impact America’s relationship with oil?
Jul 7, 2008 / 4:17pm / in Economics, General, Money, Oil, Forex News
Today is the second part of the series regarding oil. We hope you enjoy our debate, and again, if there are any questions that you would like to see debated relating to oil, please post a comment for us.
Question #3: Can oil prices lead to stagflation? Will they?
Oct 25, 2007 / 9:32am / in Air Travel, Asia, Country News, Culture, Europe, Exchanging Money, General, Money, Travel Tips, Winter Travel, International Travel
Turkey is a country that has a unique culture at an important point in its history, facing questions of religious and regional identity. Although it has always been an exotic, beautiful, somewhat off-the-beaten-path alluring destination, this time of sweeping change makes Turkey an even more exciting place to be right now. The timing works out well in this case, as the lovely autumn climate and many deals on flights are currently rolling in.
Jul 30, 2007 / 7:45am / in Currency, Economics, Forex Trading, Fundamental, General, Interest Rates, Money, Oil, United States Dollar, Forex News
Despite last week’s small gains against the euro, the U.S. dollar fell against the European currency on speculation of further weak U.S. growth. It may seem like old news, but investors fear further losses on securities backed by subprime mortgages to weaken the U.S. economy. Today, Germany’s IKB Deutsche Industriebank AG reported losses directly linked to the U.S. subprime mortgage crisis. Along with last week’s Deutsche Bank report, this indicates corporate debt to be at risk from the weak housing market.
Jul 23, 2007 / 7:38am / in Currency, Economics, Forex Trading, General, Money, Oil, Patterns, United States Dollar, Western Europe, Forex News
As the U.S. dollar fell to record lows against the euro last week, technical analysis may indicate an earlier than expected rebound in the short run. Last week traders speculated long-run rebounds due to the U.S. economy benefiting from a weak dollar and from pressure on the ECB by Nicolas Sarkozy to cool a strengthening euro. But as traders have been eyeing the Relative Strength Index (RSI) on the EUR/USD pair, there is a possibility of a short-run rebound.
Jul 19, 2007 / 7:46am / in Asia, Currency, Economics, Forex Trading, General, Interest Rates, Money, Forex News
The Chinese economy has grown at its fastest rate in 12 years during the second quarter. China’s GDP growth has increased to 11.9 percent from a year ago. This figure has exceeded all expectations from 23 economists at Bloomberg. Inflation has risen to 4.4 percent in June, the fastest rate since September 2004. The Chinese economy is on fire and needs cooling. The most obvious is a change in monetary policy. There is much speculation the Chinese central bank will increase interest rates and in turn this will strengthen the yuan.
Jul 17, 2007 / 6:40am / in Americas, Currency, Economics, General, Interest Rates, Money, News Releases, Forex News
In the highly volatile forex market the dollar rebounded slightly from a previous falling trend. A government report today unexpectedly showed a record level of U.S. securities bought by foreign investors in May. Holdings in U.S. stocks, bonds, and notes rose to a net $126.1 billion in May, up from a net $80.3 billion in April. This surge is an indication that confidence in the U.S. economy has not diminished.
Jul 6, 2007 / 7:40am / in Currency, Economics, Fundamental, General, Interest Rates, Money, United States Dollar, Forex News
The recent report on U.S. jobs growth came in stronger than expected. The forecast for new jobs in June was 125,000, but instead the report showed 132,000 new workers being added. This is below the 190,000 workers added in May, but it beat expectations nevertheless. Wages also increased as reports showed average hourly earnings to have increased by 3.9 percent in June. Further reports showed the unemployment rate to be held steady at 4.5 percent for the third month.