U.S. dollar lower in currency trading today The U.S. is once again putting pressure on China to ease its practices with regard to trade and the economy. The U.S. wants China to allow more foreign companies access to the Chinese economy. The Financial Times reports on what has U.S. officials upset: A package of Chinese [...]
Surging equity markets have helped push oil prices through the $80 level. Benchmark crude oil scheduled for November delivery trades at $83.14 in early New York Mercantile Exchange trade Tuesday (October 19) morning. Oil prices climbed firmly, by $1.83, in Monday’
U.S. dollar weakens in currency trading The trade deficit increased to its widest level since November 2008, and that is having the effect of helping risk appetite on the FX market. Why? Because a widening trade deficit indicates that Americans are getting ready to spend money. And when consumers start spending, the economy picks up. [...]
New tool to offer real-time trade signals for short-term currency traders GRAND RAPIDS, Mich., June 21, 2010 – GFT has introduced Autochartist Trade Ideas, a new, complementary application that helps short-term currency traders reduce the amount of guesswork involved when deciding what currencies to trade. Autochartist Trade Ideas provides real-time trade setups that include all [...]
In the midst of the Eurozone debt crisis, forex investors have largely stopped paying attention to interest rate differentials and focused the brunt of their attention on risk. Soon enough, however, there will be a resurgence in the carry trade, at which point interest rates will return to the forefront of investors consciousness. From the standpoint [...]
USD/CAD pressured in currency trading The forex trading forecast expects to see the loonie test parity with the U.S. dollar again rather soon. Right now, it appears that Canadian trade is returning to normal, while the U.S. experiences a trade gap. This difference is putting pressure on USD/CAD in currency trading. Indeed, as the economy [...]
There are many obstacles that prevent most traders that have an excellent trading plan from following it properly. Almost all of these factors are psychological.Review: Following the Plan Let’s say you have made a detailed trading plan. You know the exact criteria or “rules” you will use to place a trade. You have a checklist [...]
Currency trading on the FX market The carry trade is unwinding quite quickly today, with risk aversion sending investors hurrying toward safe havens. A great deal of concerning news is weighing on the carry trade. For the most part, investors remain fixed on the drama playing out in Greece. Moody’s is warning that another credit [...]
Trading psychology is the most important aspect of a trader’s success.Trading Psychology- Accepting the Risk Accepting the risk of each trade is not easy, especially for inexperienced traders. Of course, there are some steps we can take to make it easier to accept the risk. First, it is very important to plan out each trade. [...]
The popular social network site Twitter provides clues If you are following @gftforex, @fx360 or @gftuk on Twitter, you may have noticed that they are up to something. Here’s a sample of the tweets they’ve been sending lately: Thousands will trade. Hundreds of thousand$ will be won. 5 more days #tradeGFT Tweet. Win prizes. Trade. [...]
Only three years ago, the first currency exchange traded fund (ETF) was introduced, enabling investors to trade the Euro without having to buy and sell the currency directly.