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Information on Forex
If you are a beginner trader or just curious, you will be happy to know that there is tons of information on Forex. Forex stands for foreign exchange markets and the Forex market is the largest financial market in the world with close to 2 trillion dollars traded each day. Forex trades the world’s currencies and is perfect for day traders and investors from home that would like to trade, because there is no central market and you are able to trade 24 hours a day throughout the world.There is so much information on Forex; you can easily find tools, resources, charts and tutorials on trading Forex. Forex has grown throughout the years and is now a powerhouse especially on the web. Many web developers and brokers have become interested in Forex and have made it enticing to investors due to the wealth of information available on all topics of trading Forex.
You can also find information on Forex at web forums and blogs. Forex forums and blogs are an excellent way to learn about the Forex industry as well as trading Forex. You can easily talk to many people about the tools they use, brokers that are available and read commentary by expert traders on what trends are becoming visible.
You can also find information on Forex off line as well. There are courses taught by instructors, books and materials that you can buy in books stores or lend at libraries and even videos that can show you special strategies for trading Forex. So if you are looking for great information on Forex, check out the above resources.
Recent Forex News
Technical Analysis
GBPUSD: Bearishness Remains Dominant
Outlook for the pair continues to point to the downside after bear pressure pushed GBP further lower the past week. This is coming on the back of its previous week losses and has now opened up further downside risk towards the 1.5326 level, its Aug 31'10 low. On a turn
EURUSD: Set For More Gains
Having closed strongly higher on the back of previous week strength, further bullish threats are now likely as we enter a new week. This technical development should call for more strength towards its Aug 18'10 high at 1.2921 with a violation there targeting the 1.3332 level. A break will resume
USDCAD: Collapses, Halts Upside Offensive
USDCAD: The pair ended the week lower after an attempt on the upside failed the past week and pushed USDCAD to a low of 1.0384 on Friday. With that said, we think a follow through lower should see the pair weakening further towards the 1.0246 level, its Aug 19’10 low
Weekly Technical Update: Greenback Weakened Post Non-Farm Payroll
The USD was in consolidation/ correction mode this week ahead of the NFP. This is in a sense the market's way of paring some overextended USD gains, but also offers a chance for the market to continue with greenback strength. There was some dollar strength immediately after the release, but
USDJPY: Retains Its Broader Downside Bias
USDJPY: The pair continues to retain its broader downside bias as it looks to recapture its YTD low at 83.58 despite its price hesitation. A breach of there will open the door for more downside towards the 82.00 level, its psycho level with a cut through there aiming at the 81.00 level.
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Fundamental Analysis
Dollar Index Falls to Support on Better Job Data
The dollar, while rising against the yen and Swiss franc, fell versus other key counterparts after better-thanexpected US employment data eased concern of a double-dip recession. For the week, all the major crosses except sterling rose against the greenback. Private-sector payrolls grew more than expected in August and job losses
Weekly Economic and Financial Commentary
For a generation of Americans brought up on action heroes who face impossible challenges and then win the day, the results of fiscal and monetary stimulus are disappointing. Yet, the level of pessimism and talk of a double-dip strike us as too much of a bad thing. This week we
The Weekly Bottom Line
We had some fairly positive data this week, starting with expansions in both personal income and consumption for the month of July. Then the Conference Board's consumer confidence index surprised market expectations on the upside and the ISM manufacturing index also fared better than expected underpinned by a surprisingly strong
Risk Rebounds on Improving Global Data
The past week began with disappointment stemming from Japan's lack of direct currency intervention and risk aversion looked probable to continue into the week. This was not the case as better than expected Australian 2Q GDP started a ripple effect culminating into a global wave of positive data surprises. Upbeat
Is this an Audacious Obama Hope Rally?
The strong rally in risk into today's close in the US today can't be about this week's economic data particularly as the ISM non-manufacturing index for August showed a steep deceleration. So why the rally? The combination of an equity rally and a lousy ISM resulted in the predictable
Newsfeed display by CaRP
Technical Analysis
GBPUSD: Bearishness Remains Dominant
Outlook for the pair continues to point to the downside after bear pressure pushed GBP further lower the past week. This is coming on the back of its previous week losses and has now opened up further downside risk towards the 1.5326 level, its Aug 31'10 low. On a turn
EURUSD: Set For More Gains
Having closed strongly higher on the back of previous week strength, further bullish threats are now likely as we enter a new week. This technical development should call for more strength towards its Aug 18'10 high at 1.2921 with a violation there targeting the 1.3332 level. A break will resume
USDCAD: Collapses, Halts Upside Offensive
USDCAD: The pair ended the week lower after an attempt on the upside failed the past week and pushed USDCAD to a low of 1.0384 on Friday. With that said, we think a follow through lower should see the pair weakening further towards the 1.0246 level, its Aug 19’10 low
Weekly Technical Update: Greenback Weakened Post Non-Farm Payroll
The USD was in consolidation/ correction mode this week ahead of the NFP. This is in a sense the market's way of paring some overextended USD gains, but also offers a chance for the market to continue with greenback strength. There was some dollar strength immediately after the release, but
USDJPY: Retains Its Broader Downside Bias
USDJPY: The pair continues to retain its broader downside bias as it looks to recapture its YTD low at 83.58 despite its price hesitation. A breach of there will open the door for more downside towards the 82.00 level, its psycho level with a cut through there aiming at the 81.00 level.
Newsfeed display by CaRP
Fundamental Analysis
Dollar Index Falls to Support on Better Job Data
The dollar, while rising against the yen and Swiss franc, fell versus other key counterparts after better-thanexpected US employment data eased concern of a double-dip recession. For the week, all the major crosses except sterling rose against the greenback. Private-sector payrolls grew more than expected in August and job losses
Weekly Economic and Financial Commentary
For a generation of Americans brought up on action heroes who face impossible challenges and then win the day, the results of fiscal and monetary stimulus are disappointing. Yet, the level of pessimism and talk of a double-dip strike us as too much of a bad thing. This week we
The Weekly Bottom Line
We had some fairly positive data this week, starting with expansions in both personal income and consumption for the month of July. Then the Conference Board's consumer confidence index surprised market expectations on the upside and the ISM manufacturing index also fared better than expected underpinned by a surprisingly strong
Risk Rebounds on Improving Global Data
The past week began with disappointment stemming from Japan's lack of direct currency intervention and risk aversion looked probable to continue into the week. This was not the case as better than expected Australian 2Q GDP started a ripple effect culminating into a global wave of positive data surprises. Upbeat
Is this an Audacious Obama Hope Rally?
The strong rally in risk into today's close in the US today can't be about this week's economic data particularly as the ISM non-manufacturing index for August showed a steep deceleration. So why the rally? The combination of an equity rally and a lousy ISM resulted in the predictable
Newsfeed display by CaRP