Price charts can be simple line graphs, bar graphs or even candlestick graphs. These are graphs that show prices during specified time frames. These time frames can be anywhere from minutes to years or any time interval in between.
Line charts are the easiest to read, they will show you the broad overview of price movement. They only show the closing price for the specified interval, they make it very easy to pick out patterns and trends but do not provide the fine detail of a bar or candlestick …
It is becoming increasingly easier to pick a winner in the Forex market â and when I mean easier I mean, short the US Dollar.
The US Dollar dropped to its lowest point in a year against a basket of currencies on Tuesday after broad gains stocks brought a return of risk appetite. Trading volume was markedly higher as investors returned from their vacations and began to assess the happenings of recent weeks.
The Dollars fall was also sparked by the rise in commodity prices such as gold which traded above $1000 …
The Chinese stock market has all but collapsed the past several weeks, falling off nearly 25% in a six week span overall capped by a 6.7% drop yesterday. The causes for concern in the Forex world relate specifically to the Dollar.
As you might recall from several weeks ago, I spoke of the Chinese selling off some of their US treasuries and diverting that money to support their commodity purchases.
This tactic is proving to be detrimental to the short term stability of the Chinese economy as with the information on the stock …
This week has been a strange and yet interesting week on the Forex. The volume has been incredibly light due to end of summer festivities in the US and Canada and Western Europe, however the flow of data and information has not ceased.
We have seen officials declaring the recession over, and yet only a few hours later a piece of Data comes out that contradicts that idea. And we have seen the Dollar getting bounced around.
September in the stock market is normally the worst month, about an average of 3% …
Yesterday President Barak Obama urged China to move towards a “more market-orientated exchange rate” and President Hu Jintao responded that China would not be pushed by external pressure and would instead base any decision on the Yuan on its own economic needs. But he also made clear that China was committed to reform.
The two heads of state met yesterday in Washington for the first time since Sino-US tensions about the Yuan threatened to escalate into a serious trade dispute. Both leaders chose their words carefully and in the view of …
Many analysts now feel that commodity currencies risk becoming victims of their own success as this year’s rally has made them increasingly dependent on continuous economic upside surprises to drive them beyond key technical barriers.
A move by China to let the Yuan appreciate may also knock these high yielding currencies if it triggers a wave of risk aversion.
The Canadian, Australian and New Zealand dollars have all rallied on the international financial (forex) market in recent weeks. They have been buoyed up by strong economic fundamentals, continuing Chinese demand for commodity …
Many analysts now feel that commodity currencies risk becoming victims of their own success as this year’s rally has made them increasingly dependent on continuous economic upside surprises to drive them beyond key technical barriers.
A move by China to let the Yuan appreciate may also knock these high yielding currencies if it triggers a wave of risk aversion.
The Canadian, Australian and New Zealand dollars have all rallied on the international financial (forex) market in recent weeks. They have been buoyed up by strong economic fundamentals, continuing Chinese demand for commodity …
Greece has moved closer to securing emergency funding before debt payments become due in mid May as finance minister George Papaconstantinou warned investors they will “lose their shirts” if they bet that the nation will default.
The euro stabilized in the Asian forex market early this morning after the Greek finance minister said yesterday the aid would arrive in time to avert what would be the euro zone’s first sovereign debt default, although there are increasing indications that the 45 billion euro rescue package may not be large enough.
The euro was …
