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USD Consumer Confidence Beats All Expectations
Tuesday, August 25, 2009 - 10:38am | 91USD Consumer Confidence dramatically eclipsed the forecasted 47.9 by posting 54.1. The DOW JONES surged to 9610 plus before quickly retracting. Similarly, the high yielding currencies, EUR and GBP, immediately leaped against the lower yielding USD and YEN before performing a dramatic reversal. The...
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Will USD Still Plummet in Coming Week?
Sunday, August 23, 2009 - 11:00am | 341The US Existing Home Sales and Bernanke comments forced a large USD sell off last week. However, the Home Sale improvement was not such a positive sign of recovery because it hinged on foreclosures and rising inventories. Although the Euro bounced against the USD from 1.4050 to 1350 last week,...
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Key Forex Components
Saturday, August 22, 2009 - 3:39pm | 471I will now list some of the major items hat will be required to build your Forex Trading system. To read any of the Hubs listed, please visit 'Your Forex Library', completely Free, by clicking the following link: http://www.hubpages.com/hub/Your-Forex-Library Entry and Exit conditions - see Hubs,...
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EURO surges on Bernanke Comments and US Homes Sales
Friday, August 21, 2009 - 11:04am | 104Us Existing Home Sales climbed to 7,2% as opposed to the 2.1% expected. The Dow Jones surged to new year-to-date highs as result of both the US home result and a statement from Ben Bernanke claiming that the recession was over. The decrease in risk aversion saw rapid sell-offs in both the USD and...
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Key Forex Risks 21st August 2009
Friday, August 21, 2009 - 8:04am | 194Today's release of US existing home sales could again still indicate a weak US housing market following on from the disappointing starts and building permits figures. US Existing Home Sales records sales of previously owned homes which can be an important indicator of overall business conditions at...
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Main Overnight Forex Events
Friday, August 21, 2009 - 7:31am | 235Yesterday's positive US economic data boosted equities and weighed on both the US dollar and Japanese yen, despite tight trading ranges across the majors. Tthe Conference Board's leading economic index rose by 0.6 percent resulting from improvements in the average workweek, jobless claims, stock...
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How to Successfully Design your Own Forex Trading System
Thursday, August 20, 2009 - 6:41am | 512Hallo, my name is Terry Allen and I have been trading on the Forex Market for about 7 years. During this time, I have amassed considerably Forex experience and have created my own very successful Forex Trading system, which has both a high win:loss ratio and expectancy value. Whatever is said,...