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Marketplace Growth and the Week Ahead
Tweet Poor performance data out of Europe and Asia has brought forth yet another major concern in regards to the global marketplace. This has led to people straying away from the Euro and the British pound sterling and has attracted traders to safer havens, such as the U.S. dollar. The dollar has been the best performer over recent trading days, even though the rate of job growth in the U.S. is starting to slow down. Still, progress is progress, noRead more ….
TradeVantage Software Now Available
Tweet This week, Trade Vantage went live. The group at Forex Traders Daily and Dustin Pass have released the newest version of the software TradeVantage. The software uses neural network artificial intelligence to skyrocket your profits as a Forex or any kind of trader. The results of the software have been tremendous and you can see what the results have been using the software free download. From looking at one particular section of trades we witnessed over 890 pips profitRead more ….
Trading the NonFarm Payroll
Tweet The Bureau of Labor Statistics announced today on the non-farm payroll report that jobs rose by about 120,000 for the month of March. This is good news, but not good enough. It was expected that over 200,000 jobs would have been added over this timeframe. So instead, this is actually a sharp decline in the rate that jobs had been being added to our economy. Although this had the joblessness rate drop from 8.3 to 8.2 percent of Americans,Read more ….
Spanish Debt Problems Trouble the Euro
Tweet There is some new concern emerging over the Euro zone and its currency. A weak Spanish debt auction sparked new concern over the value of the Euro and there is now renewed concern over a prolonged recession within the European Union. The Euro, in turn, dropped quite a bit in price against the U.S. dollar on Wednesday, April 4th, 2012. The Euro had already been struggling over the last several days, but Wednesday’s drop was more significant as itRead more ….
Where Do We Stand Today
Tweet As worldwide fears of an economic slowdown mount, the United States dollar is starting to look like it is the best choice for would be traders looking to preserve capital. The dollar had a strong showing on many fronts on Monday, April 02, 2012, including against the Euro. This was partly due to an announcement out of Europe today that manufacturing is slowing down faster than expected. This does very little to alleviate Euro debt worries and in fact,Read more ….
Binary Trade Ideas
Tweet The first chart is from March 19th, 2012 (Figure1). This is a one minute chart zoomed in so you can see the details of the trade more clear. Prior to the move down on the left side of the chart, there was actually a more significant move downward. This meant the trade was moving south. The move down was part of a secondary move that hit the resistance line(Support) and completely bounced off of it. It actually bounced 8Read more ….
Finding a Good Broker Spread
Tweet Finding the lowest spreads possible is a good skill to have in your Forex trading. By discovering a small spread, you can take advantage of a better chance of hitting a profit. For example, if a currency pair usually has a 2.6 pip spread, you will be more profitable if you can time your trading to incorporate a 2.5 or lower spread. For example, if you are trading the EUR/USD pair and the buy and sell rates are atRead more ….
Support for the Euro and the Pound
Tweet The Euro and the pound had a huge day on Friday, March 16, 2012. Each of these currencies rose in value by more than 1 percent early on during the U.S. trading session. For the British pound sterling, this marked the largest gain in a single day since the middle of December, 2011. The other side of this coin is that the U.S. dollar has fallen quite a bit in price. Because of a poor showing across the board,Read more ….
Using Gold in Your Trading
Tweet While this might actually fall under the jurisdiction of fundamental analysis, using gold as a gauge during currency trading can actually be a unique way to not only understand where a currency is headed price-wise, but also as a way to hedge your currency trading. This is because, historically, gold investing has been used as a way to keep up with inflation and add a layer of protection to a portfolio. This makes gold a great long term partRead more ….
The Factors of the Dollar
Tweet The perceived slowing down of economic growth in Asia has sparked some interesting movement in currency prices. The problem was especially apparent in China. Experts expected them to announce that exports had risen by over 30 percent over the last year, but the actual data indicated that exports only rose by 18.4 percent. This discrepancy between expectations and reality has led to some big movement within global stock markets. It has also led to a bolstering of the UnitedRead more ….
