About.com Forex Trading

US Unemployment Rate Tops 10 Percent

Fri, 06 Nov 2009 10:07:35 +0000

The Nonfarm Payroll Report for October 2009 showed a loss of (only) 190k jobs in the US with the unemployment rate spiking to 10.2 percent from 9.8 percent.

So, the two sides of this coin are less jobs being lost, but more people unemployed.

The report appears to have sparked some risk aversion in the forex markets with the US Dollar staging a very minor rally initially and the Yen pairs selling off.

US Unemployment Rate Tops 10 Percent originally appeared on About.com Forex Trading on Friday, November 6th, 2009 at 10:07:35.

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Fed To Market: Dollar Carry Trade Continues

Wed, 04 Nov 2009 16:16:56 +0000

The Federal Reserve released their monthly rate setting statement after their FOMC meeting for October 2009.

The key statement of the release was: Read more...

Fed To Market: Dollar Carry Trade Continues originally appeared on About.com Forex Trading on Wednesday, November 4th, 2009 at 16:16:56.

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RBA Hikes to 3.5 Percent

Tue, 03 Nov 2009 19:07:46 +0000

The Australian Central Bank hiked interest rates on the Australian Dollar(AUD) by 25 basis points from 3.25 percent to 3.5 percent.

The central bank cited continued return to growth for the Australian economy and moderated inflation. Read more...

RBA Hikes to 3.5 Percent originally appeared on About.com Forex Trading on Tuesday, November 3rd, 2009 at 19:07:46.

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CIT Files Bankruptcy Forex Markets Jittery

Mon, 02 Nov 2009 21:08:25 +0000

The CIT Group (not to be confused with CitiGroup) filed for a prepackaged bankruptcy protection before the markets opened this week.

So far reaction has been restrained and direction-less, however it’s worthwhile to note that volatility is going up as evidenced by the rise in the VIX over the past week.
Read more...

CIT Files Bankruptcy Forex Markets Jittery originally appeared on About.com Forex Trading on Monday, November 2nd, 2009 at 21:08:25.

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Why Do Forex Traders Lose Money?

Mon, 02 Nov 2009 00:38:25 +0000

It's commonly known that most forex traders fail. In fact, it's estimated that 96 percent of forex traders lose money and end up quitting. To help you to be in that elusive 4 percent of winning traders, I have compiled a list of the most common reasons why forex traders lose money.

Why Do Forex Traders Lose Money? originally appeared on About.com Forex Trading on Monday, November 2nd, 2009 at 00:38:25.

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Markets React to US GDP

Thu, 29 Oct 2009 14:21:13 +0000

US GDP came in showing gains of 3.5 percent. The markets took this as wonderful news with the stock market reversing it’s losses from the past few days and the dollar turning around and heading downhill as risk taking came back into focus.

US Dollar Attempts Turn Around

Tue, 27 Oct 2009 14:51:08 +0000

The US Dollar is rallying against world currencies at a breakneck pace. It has risen 3 big figures(300 pips) against the Euro(EUR) over the past 2 trading sessions.
Read more...

US Dollar Attempts Turn Around originally appeared on About.com Forex Trading on Tuesday, October 27th, 2009 at 14:51:08.

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FXCM UK Micro Raises Margin Requirements

Fri, 23 Oct 2009 20:20:59 +0000

FXCM UK has issued a press release stating that they plan to raise margin requirements on Nov 22^nd.

The details can be obtained on the press release page of their web site.

FXCM stated that based on their business experiences in Hong Kong that they believed that traders are better off working with less leverage in the long term.

I thought this would be a good opportunity to remind people about some issues that can occur with trading on margin.

For more information on trading on margin see the following articles:

FXCM UK Micro Raises Margin Requirements originally appeared on About.com Forex Trading on Friday, October 23rd, 2009 at 20:20:59.

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Bank of Canada Rate Decision

Tue, 20 Oct 2009 21:01:40 +0000

The Bank of Canada has released a statement saying that interest rates will remain at 0.25 percent for the CAD.

They also went as far as to say that they tenatively expected to keep that rate until at least the second quarter of 2010.
Read more...

Bank of Canada Rate Decision originally appeared on About.com Forex Trading on Tuesday, October 20th, 2009 at 21:01:40.

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Market Sentiment

Tue, 20 Oct 2009 20:26:09 +0000

With some heavy market sentiment going on with the US Dollar lately, I thought that market sentiment would be a good thing to discuss.

Market sentiment can work for you or against you. You have to learn to recognize different variations of it. It’s one of those things that is simple, yet complicated. It can take some real experience to get a handle on it.

Market Sentiment originally appeared on About.com Forex Trading on Tuesday, October 20th, 2009 at 20:26:09.

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