Forex

wrote an interesting post today on
Here’s a quick excerpt
USD – Last Wednesday’s FOMC interest rate announcement served as the catalyst for a broad-based dollar sell-off as the Fed’s ambiguous rhetoric left markets not-fully-convinced that it was serious about its war against inflation. In the immediate aftermath of Fed’s monetary policy meeting, oil prices skyrocketed to above $140/bbl, while US stocks and the greenback experienced a precipitous decline. Marginal amelioration in the Durable Goods Order Index (0.0% in May vs. -0.5% prior), together

Read the rest of this great post here

Fundamental Market View wrote an interesting post today on
Here’s a quick excerpt
Volume I, Issue 27 By TPFS Communications | June 30, 2008 THE PASSAGE OF TIME, THE LEVEL OF PESSIMISM AND LONG TERM OSCILLATORS SUGGEST THAT A BOTTOM IS APPROACHING FOR THE DJIA AND SP 500 AS THEY TRADE NEAR BEAR MARKET TERRITORY. THOSE WHO FOLLOWED THE ADVICE GIVEN HERE TO INVEST IN CANADA HAVE HAD A MUCH MORE POSITIVE EXPERIENCE. As of Friday’s close, the DJIA was down 19.8% from the 2007 high (a 20% decline officially qualifies as a bear market) and the SP 500 was not fairing much better.

Read the rest of this great post here

Fundamental Market View wrote an interesting post today on
Here’s a quick excerpt
Bangladesh’s forex reserve hits all-time high Xinhua, China - 47 minutes ago DHAKA, July 1 (Xinhua) — Bangladesh’s foreign exchange reserve rose to 6.16 billion US dollars Monday which is the highest ever in the history of … Read More …

Read the rest of this great post here

www.ForexNfo.com wrote an interesting post today on
Here’s a quick excerpt
News and views Markets made a whippy close to the month overnight. During the London morning the US dollar continued its offered tone before price action stabilized. Then when New York came in the USD gained some legs. There were plenty of “reasons” being mentioned but the most logical was a sharp increase in overnight dollar Libor to 3.61% from 2.50% due to month end liquidity concerns. This was enough to then drive a short squeeze in the USD. Once that was done markets quietened down again.

Read the rest of this great post here

Fundamental Market View wrote an interesting post today on
Here’s a quick excerpt
The markets had a choppy session with some volatility on Monday, but at the end of the day they rolled over very hard and closed at the lows for the day going away on the Nasdaq 100 and not far from them on the S&P 500. The Dow was barely up on the day as well, so I’d have to call it a mixed session and a somewhat disappointing one considering the late rally on Friday. The day started out with a pullback that touched support and held. Then they came on pretty strongly, went to the session

Read the rest of this great post here

Technical Market View wrote an interesting post today on
Here’s a quick excerpt
Past Week’s Data and Events The US currency looks to be in new trouble, as the equity indices plummet into recession and energy costs are out of control. The downside is favored this week, with the ECB expected to hike rates during a week shortened by the Independence Day on Friday, and the Fed may need to cut rates before hiking them. United States The Federal Reserve removed the odds of a rate hike to fight inflation, as the credit conditions worsen, unemployment rises and the DJIA spells it

Read the rest of this great post here

Technical Market View wrote an interesting post today on
Here’s a quick excerpt
U.S. Economy It’s clear that the market is reacting to the problems that arise from astronomical energy costs. Nine out of 10 S&P industries dropped, lowering the index 8.7% in June. It was the largest monthly decline since September 2002. Even the world’s biggest companies like Wal-Mart and General Motors fell as oil went higher than $143 a barrel. Despite the obvious energy issue the U.S. Commerce Department reported that personal incomes were up 1.9% in May, also consumer spending was

Read the rest of this great post here

Fundamental Market View wrote an interesting post today on
Here’s a quick excerpt
www.forexbacklash.com www.forexbacklash.com

Read the rest of this great post here

Fundamental Market View wrote an interesting post today on
Here’s a quick excerpt
7 Easy Steps to Becoming a Forex LOSER Want to know how to be a successful Forex trader? Read on to learn what not to do. Forex What is it, anyway Posted By : akbar65 The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various c

Read the rest of this great post here

TopForex.info wrote an interesting post today on
Here’s a quick excerpt
A disorderly decline in the dollar remains a possibility as losses on U.S. assets pile up and the current-account deficit triggers “a sudden rush for the exits,” the Bank for International Settlements said. “Foreign investors in U.S. dollar assets have seen big losses measured in dollars, and still bigger ones measured in their own currency,” the BIS said. “While unlikely, indeed highly improbable for public-sector investors, a sudden rush for the exits cannot be ruled out completely.”

Read the rest of this great post here